Nice day
The motion for a four-day workweek made it to the U. S. Senate. Bernie Sanders (I-VT) recently introduced a bill that would reduce the popular workweek from 40 hours to 32 hours and lower the maximum pay-hours threshold for non-exempt employees.
One reason the four-day workweek has boomed is the rise of AI, says Rep. Mark Takano (D-CA), who first introduced the law in the House in 2021.
If technology is designed to help humans become more efficient, then the question arises as to how much we want to work. “Eighty years ago, we were talking about a 40-hour workweek,” Sanders says, despite drastic technological advances. of that time.
Medicare will soon cover the popular weight-loss drug Wegovy for its members, as long as they have heart disease and an increased risk of heart attack and other cardiovascular problems, though it’s not covered for Medicare members to use it just to lose weight. Their eligibility for the plan may mark the start of thousands of adult prescriptions and an increase in multimillion-dollar spending, the Associated Press reported.
Legendary startup accelerator Y Combinator is raising $2 billion in new capital, Forbes has learned, through three new funds, its first major fundraising effort under CEO Garry Tan. As a startup accelerator that commits to making a $500,000 investment in each of the companies participating in its program ($125,000 for a 7% stake, with another $375,000 for its next investment circular), YC’s fund design is another venture capital firm leading those upcoming circulars.
Reddit, the 19-year-old social media platform whose slogan is “the first page of the internet,” began trading on the New York Stock Exchange on Thursday in one of the most anticipated tech public offerings in years. Reddit stock rose about 60% to around $54 percent steady after it began trading, bringing its market cap to around $8. 5 billion.
MORE: The excitement surrounding the tech company’s IPO was seen as a positive sign, but Reddit has a bumpy road ahead. The company is not profitable, with a total profit of $804 million in 2023. This represents a 21% increase compared to 2022, but is still low compared to the existing annual profits of other social networks such as Meta or Pinterest, Facebook’s parent company.
The Justice Department and more than a dozen states sued Apple on Thursday, alleging that the iPhone maker illegally monopolized the smartphone market, a landmark lawsuit in the federal government’s sweeping tech antitrust campaign. The lawsuit alleges that the tech giant is making products for consumers to transfer to non-Apple devices, with Assistant Attorney General Lisa Monaco saying Apple “has gone from a revolution in the smartphone market to a standstill in its advancement. “
MORE: As a result, Apple’s stock had its worst day in seven months, erasing $112 billion in market costs for the company. Apple is now closer to being the third most valuable company in the world than the first, which it was for most of 2018 and until it lost its crown to Microsoft in January. Meanwhile, Microsoft shares hit an all-time high on Thursday.
Former President Donald Trump’s desire for money is becoming more urgent, and if he doesn’t want his assets confiscated, he’ll probably have to sell on tight terms, which may not be easy. Forbes spoke with a half-dozen experts on other types of real estate and concluded that if Trump were to do a “rescue sale,” he would have better luck if he seeks to sell his golf courses or homes outside New York, adding some of his real estate. Trophies.
The United Nations on Thursday approved a proposed synthetic intelligence solution through the United States, as Washington fights for a leadership role in global AI governance. The solution is binding, but its adoption would highlight broad agreement on principles and long-term instructions among countries.
Paramount Global shares fell on Thursday after a report indicated that the media conglomerate’s majority shareholder would possibly not be interested in an announced deal for Paramount Pictures, its main film studio. The declines remain on their most productive day on Wall Street in 4 months. after a Wall Street Journal report said Apollo Global Management had made an $11 billion bid for Paramount Pictures.
Antonio Gracias, an investor born and raised in the Midwest, became one of Tesla’s first institutional investors in 2005 through his company Valor Equity Partners and began investing in SpaceX about 3 years later, according to Valor’s website.
Nearly two decades later, those bets and his concrete investment strategy have paid off. He’s now a billionaire, Forbes estimates, largely thanks to his Tesla stock and other investments made through Valor Equity Partners, with $14. 2 billion in regulatory assets under management. , which he founded in 2001.
Along the way, he’s become close friends with Musk, skiing and vacationing together with the family. And Musk has invested in Gracias’ Valor Equity Partners, investing $2 million in its first and second funds, which actually lend the most corporate credibility.
Friends, co-investors, and corporate executives in Gracias’ portfolio describe him as intense, difficult, and hardworking. “Antonio is probably the most successful and influential investor anyone knows,” says Keller Rinaudo Cliffton, CEO of delivery drone maker Zipline.
His close ties to Musk also put him in the spotlight due to Musk’s acquisition of Twitter, now X:Valor allegedly helped oversee his mass layoffs after Musk took ownership of him, necessarily taking on responsibilities that would fall to a chief financial officer, The Information reported. Gracias was one of the members of Tesla’s board of directors who approved Musk’s large pay package at Tesla, which a Delaware ruling overturned in January.
Many of the main points about their relationship come from Thanks’ testimony at the trial. And the Wall Street Journal reported in February that Gracias was one of several Tesla executives who used illegal drugs with Musk. (Valor did not respond to a request for comment on the drug use allegation. )
“Musk is a familiar acquaintance as one of the richest and toughest people in the world, yet his business wife and lifelong friend, Gracias, played a major role in the rise of Tesla’s CEO. And yet, far fewer other people know about his calling,” says Forbes reporter Phoebe Liu. Of course, Gracias has also benefited financially, accumulating “dynastic or generational wealth” by making an investment in Musk’s corporations and many others through his company Valor Equity Partners. Gracias’ investment strategy sets it apart from others because it focuses on manufacturing. and operationally cumbersome.
MORE: Elon Musk Failed the Chinese Billionaire’s Tesla Rival: Now He’s Going Global
President Joe Biden’s administration will cancel $6 billion in student debt for public workers, the latest move by the White House to provide gradual relief from student loans after the Supreme Court struck down across-the-board debt cancellation last summer. However, the U. S. is facing a developing student debt crisis:
Nearly $100 billion: the amount of student loans to be granted for the 2024-2025 school year, according to Statista
$41,450: Average tuition and fees at a four-year personal nonprofit for the 2023-2024 school year, $1,600 more than last school year
$144 billion: The total amount of student debt relief approved during the Biden administration
The loneliness epidemic is also spreading to the painting place, especially since running away from home and hybrid paints have created less contact with colleagues. Loneliness in paintings can feel like a sense of disconnection from colleagues, a lack of connection to the bigger picture, or a sense of undervaluing your work. To decrease loneliness, spend time getting to know your colleagues, spend time with supportive people, and find joy and fulfillment outdoors in front of work.
With just 3 games left in the NCAA men’s tournament on Thursday, more than 19 million submissions for the March Madness spot have been turned down on ESPN alone. If selected at random, what are the chances of deciding the winner of the tournament’s 67 matches?
Has. One in a Million
B. One in 9. 2 quintillion
C. One in 4,000 million
D. One in 6. 5 Billion
Check your answer.
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