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Down icon An icon in the shape of a downward angle. Netflix co-founder Reed Hastings with Vice President Kamala Harris. Fairfax Media/Getty Images, Chris Dumond/Getty Images Netflix’s Reed Hastings will donate $7 million to a super PAC supporting Kamala Harris’ presidential bid.Hastings told The Information that it is the largest donation he has ever made to a single candidate.Harris’ campaign raised $81 million in the 24 hours after endorsing Biden on Sunday. Sen. Reed Hastings on Tuesday fully endorsed Vice President Kamala Harris’ presidential bid.The Netflix co-founder and chairman donated $7 million to a super PAC with ties to Harris,…
WASHINGTON: A confidential Trump campaign document acknowledged on Tuesday that Vice President Kamala Harris’ presidential campaign is energizing the Democratic base and, given the events of the past few days, there is no doubt that she will drum up support even sooner than the Democratic National Convention.But a confidential memo from Trump campaign pollster Tony Fabrizio sought to assure Trump supporters that the situation would change in Republican presidential nominee Donald Trump’s favor as the campaign gained momentum. “So while in the short term the polls may change and Harris may consolidate the Democratic base a little more, she cannot…
Reckitt is under pressure from shareholders to reconsider selling its nutrition business, reports FT
(Reuters) – British consumer goods maker Reckitt is facing pressure from major shareholders to reconsider selling its Mead Johnson Nutrition business following legal challenges and other setbacks at the division, the Financial Times reported on Wednesday.Reckitt bought US infant formula maker Mead Johnson Nutrition for $16.6 billion in 2017 but is currently trying to overturn a $60 million judgment in a lawsuit after a jury ordered the company to pay damages to the mother of a premature baby who died from intestinal disease after feeding it Enfamil formula.The company said it faces “contingent liabilities” that depend on future events due…
Tesla’s sales in China fell 5.4 percent in the first half of this year, but the company remained third in new-energy vehicle sales after BYD and Geely, according to the China Passenger Car Association.Bloomberg | Bloomberg | Getty ImagesBEIJING — Tesla CEO Elon Musk again touted the upcoming rollout of its advanced driver-assistance software in China after reporting yet another disappointing quarterly financial result.Since last year, driver-assistance features have become a selling point for cars in China’s crowded electric vehicle market. Tesla’s Autopilot for highway driving is available in China, but full self-driving, which uses cameras and artificial intelligence to…
Down icon An icon in the shape of a downward angle. Elon Musk looked nervous during Tesla’s earnings call on Tuesday. Beata Saursel/Getty Images Tesla shares plummeted on Tuesday after second-quarter earnings showed the electric vehicle maker’s performance again fell short of expectations.During the conference call, Elon Musk was asked a few quick questions about resource allocation and the delayed robotaxi project.The Tesla CEO sounded defensive at times in his response, and perhaps with good reason. Tesla released a lackluster earnings report on Tuesday, showing that the electric car maker once again failed to meet investor expectations.And Elon Musk is…
SEOUL (Reuters) – South Korean authorities on Tuesday arrested Kim Bum-soo, the billionaire founder of technology giant Kakao, on suspicion of stock price manipulation over the acquisition of a K-pop agency last year.Here are some facts about Kim and the conglomerate that dominates South Korea’s tech industry.*Founder Kim, also known as Brian Kim, is considered a rags-to-riches visionary in the industry. He grew up poor and at one point shared a one-room apartment with his family of seven, but now has a net worth of about $3.4 billion, according to Forbes magazine. He is 58 years old.*Kim is currently being…
Attention sports lovers! As the biggest sporting event of the year takes place in Paris, get ready to show off your knowledge of sporting history, players, records and glorious moments in our weekly quiz.From now until August 9th, new SCMP subscribers* will have a fantastic chance to win a range of fantastic prizes. To enter the competition, simply take part in one of our weekly quizzes. Firstly, this week’s grand prize is two round-trip tickets to Tokyo, courtesy of Greater Bay Airlines.The first quiz From 9:00am on July 26th (Hong Kong time) to 9:00am on July 27th (Hong Kong time)The…
Dave Kennedy/Sun-Gazette Tri-Town players celebrate winning the District 12 championship after defeating Keystone at Volunteer Stadium. Tri-Town has received a lot of support this summer from the Montgomery, Muncie and Hughesville communities.As Tri-Town manager Lyle Hagler drives around town, he often hears similar comments from people he’s never met, who come up to him and congratulate him on a recent win or championship.”Good luck!” They will tell Hagler. “We’re catching up with the team.” Others will let him know. Whether he’s in Montgomery, Muncie or Hughesville, Hagler has had similar experiences and is pleased to see the communities rooting for…
RAWALPINDI: For Kishwar Nahid, one of Pakistan’s greatest living Urdu poets and writers, visiting the hundreds of bookstores that line Rawalpindi’s main Sadar Market used to be a regular Sunday morning ritual. But as the number of stalls dwindled and book peddlers disappeared, all Nahid and people like her were left with was a fading literary culture and a deep sense of loss for a place that was once the epicentre of Rawalpindi’s intellectual life.”Every Sunday morning, Zahid Dar [Urdu poet]Intisar [Hussain] Serve [novelist]I used to go there a lot, and so did all my fellow writers. [Rawalpindi book bazaar]…
There are murals all over downtown Harrisonburg — two on North Liberty Street, two at Urban Exchange, two on Water Street, one on the corner of Magnolia, etc. — but there’s one modest piece of art that started it all, and this artist, who still lives here, started a major trend in Harrisonburg.When James August Worthing Jr. saw a blank wall on the corner of Indian & American Cafe at Elizabeth and North Main streets in Harrisonburg, he knew he wanted to put something in there. His studio was on the corner at the time, so his training as a…