Juul-sponsored study shows secondhand vaping emissions are much less toxic than cigarette smoke

E-cigarette leader Juul said new research in a small study shows emissions from vaping devices are significantly less toxic than secondhand smoke from cigarettes. The study found heightened levels of propylene glycol, a key ingredient in e-liquids, in air exhaled by e-cigarette users compared with secondhand smoke. However, secondhand emissions of nicotine produced by e-cigarettes were 91% to 95% less than those produced by smoking, the study found. “Compared to cigarettes, this is a substantial


E-cigarette leader Juul said new research in a small study shows emissions from vaping devices are significantly less toxic than secondhand smoke from cigarettes. The study found heightened levels of propylene glycol, a key ingredient in e-liquids, in air exhaled by e-cigarette users compared with secondhand smoke. However, secondhand emissions of nicotine produced by e-cigarettes were 91% to 95% less than those produced by smoking, the study found. “Compared to cigarettes, this is a substantial
Juul-sponsored study shows secondhand vaping emissions are much less toxic than cigarette smoke Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: ashley turner
Keywords: news, cnbc, companies, secondhand, participants, shows, smoke, cigarette, cigarettes, juul, used, study, emissions, ecigarette, vaping, nicotine, juulsponsored, vose, toxic, research


Juul-sponsored study shows secondhand vaping emissions are much less toxic than cigarette smoke

A person smokes a Juul Labs e-cigarette in this arranged photograph taken in the Brooklyn, New York.

E-cigarette leader Juul said new research in a small study shows emissions from vaping devices are significantly less toxic than secondhand smoke from cigarettes.

The study, which is being presented in Poland on Friday, found about 99% less formaldehyde and carbon monoxide in the air exhaled by e-cigarette users than by traditional smokers.

“These products pose substantially less risk when it comes to secondhand emissions than cigarettes,” Dr. Josh Vose, vice president of medical and clinical affairs at Juul, said in an interview. “There are roughly 50,000 people that die every year in the U.S. from exposure to secondhand smoke, and this could potentially help bend that curve.”

The study, which was limited to 30 participants and conducted by a third-party lab, is being presented by Juul at the Global Forum on Nicotine in Warsaw. The trial is one of the many medical studies Juul is commissioning as it prepares to apply for approval from the Food and Drug Administration in 2022. Vose said Juul, which paid for the study, has seven clinical trials underway.

Juul is facing increased scrutiny over the company’s marketing practices as teen use reaches epidemic levels. It’s also come under scrutiny for an ad campaign that encourages adult smokers to “make the switch” to its nicotine pods, even though there’s no data supporting their ability to help people quit or on the impact from long-term use.

The research is intended to help allay some of those concerns.

“We have a very deep and broad research group and research portfolio and this result adds to the other results that we’ve produced thus far, ” Vose said. “So, we’re producing a steady cadence of evidence that, you know, is held to the standard of empirical study design, peer review and then ultimately to publication in scientific journals. That helps establish the impact of these products.”

The study found heightened levels of propylene glycol, a key ingredient in e-liquids, in air exhaled by e-cigarette users compared with secondhand smoke. However, secondhand emissions of nicotine produced by e-cigarettes were 91% to 95% less than those produced by smoking, the study found.

“Compared to cigarettes, this is a substantially lower amount of nicotine,” Vose said. “On the individual level it is, I would put forward, it’s a very, very, very low amount of nicotine.”

Vose said propylene glycol is used as a carrier for nicotine in e-liquids and that the FDA has recognized the substance as generally safe for oral and dermal use. Vose said propylene glycol on its own does not carry any special respiratory hazards. Juul said it has commissioned research to better understand the substance’s health effects.

In the study, researchers tested 30 adult smokers who said they smoked at least 10 cigarettes a day. The participants were divided into three groups of 10 and assigned to three different environments: residential, office and hospitality spaces.

The groups used one of three products — a Juul, a Vuse Solo e-cigarette and traditional cigarettes — for four hours in each of the environments. The area’s air quality was assessed before they vaped or smoked and after.

Researchers analyzed the chemicals exhaled after participants took 10 puffs of a vape pen or cigarette. The results were compared with samples from sessions where the participants used sham products.

The authors of the study noted that various background chemicals in the surrounding environment could have factored into the results.

— CNBC’s Angelica LaVito contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: ashley turner
Keywords: news, cnbc, companies, secondhand, participants, shows, smoke, cigarette, cigarettes, juul, used, study, emissions, ecigarette, vaping, nicotine, juulsponsored, vose, toxic, research


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5G rollout will ‘make things better’ for cybersecurity, according to Verizon

An illuminated 5G sign hangs behind a weave of electronic cables on the opening day of the MWC Barcelona in Barcelona, Spain, on Monday, Feb. 25, 2019. The impending rollout of the next generation 5G wireless standard could be a boon for cybersecurity, according to an expert from Verizon. “I actually think that the 5G rollout … will actually make things better,” Chris Novak, global director of the Threat Research Advisory Center at Verizon, told CNBC’s “Squawk Box” on Tuesday. Novak’s comments


An illuminated 5G sign hangs behind a weave of electronic cables on the opening day of the MWC Barcelona in Barcelona, Spain, on Monday, Feb. 25, 2019. The impending rollout of the next generation 5G wireless standard could be a boon for cybersecurity, according to an expert from Verizon. “I actually think that the 5G rollout … will actually make things better,” Chris Novak, global director of the Threat Research Advisory Center at Verizon, told CNBC’s “Squawk Box” on Tuesday. Novak’s comments
5G rollout will ‘make things better’ for cybersecurity, according to Verizon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: eustance huang
Keywords: news, cnbc, companies, verizon, cybersecurity, according, 5g, things, think, novak, weve, rollout, companies, better, told, lot, actually, research, huawei


5G rollout will 'make things better' for cybersecurity, according to Verizon

An illuminated 5G sign hangs behind a weave of electronic cables on the opening day of the MWC Barcelona in Barcelona, Spain, on Monday, Feb. 25, 2019.

The impending rollout of the next generation 5G wireless standard could be a boon for cybersecurity, according to an expert from Verizon.

“I actually think that the 5G rollout … will actually make things better,” Chris Novak, global director of the Threat Research Advisory Center at Verizon, told CNBC’s “Squawk Box” on Tuesday.

“I think there is a lot of research and development that we’ve done and I know others have done as well to make sure that 5G doesn’t just bring speed and reliability, but also that it’s done in a secure manner and addresses any of those kinds of concerns,” Novak said.

Novak’s comments come amid increasing scrutiny on companies seeking to win contracts to develop 5G capabilities for national networks. Chinese telecommunications giant Huawei is chief among the firms under the spotlight as the U.S. seeks to dissuade America’s allies from purchasing its equipment, with claims that the firm is “too close to the government. ”

Recent moves by the U.S. have reportedly resulted in major tech companies limiting their employees’ access to Huawei. On May 16, the U.S. Department of Commerce put Huawei on a blacklist, barring it from doing business with American companies without government approval, then a few days later it authorized firms to interact with Huawei in standards bodies through August “as necessary for the development of 5G standards.”

For its part, U.S. President Donald Trump’s administration appears to have a conflicting stance on Huawei.

Trump told CNBC on Monday that Huawei could be part of the U.S. trade negotiation with China, contradicting remarks by Treasury Secretary Steven Mnuchin, who told CNBC on Sunday that Washington’s concerns surrounding the telecommunications behemoth are “national security” issues separate from trade.

On the subject of whether banning perceived bad actors from developing 5G networks would reduce the likelihood of data breaches, Novak said: “To be honest, it’s not even just the espionage element. In reality, the bigger percentage of that pie is actually financially motivated breaches.”

“If you actually roll back and look at the last decade, we’ve got almost about a half million security incidents that we’ve looked at over the course of that research,” he said. “While espionage plays a role in things and I think that’s kind of fired up a lot of the conversation here, I think ultimately there’s a lot of other facets to what we see happening in the cybersecurity and data breach landscape.”

— Reuters and CNBC’s Kate Fazzini contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: eustance huang
Keywords: news, cnbc, companies, verizon, cybersecurity, according, 5g, things, think, novak, weve, rollout, companies, better, told, lot, actually, research, huawei


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Satellites from Elon Musk’s SpaceX and Amazon could ruin view of the night sky, say astronomers

Tech giants like Elon Musk’s SpaceX and Jeff Bezos’ Amazon have plans to launch constellations of thousands of satellites aimed at providing global internet access . But astronomers are worried that adding the masses of satellites to Earth’s orbit could screw up our view of the night sky, as well as disrupt scientific research. “We do not yet understand the impact of thousands of these visible satellites scattered across the night sky and despite their good intentions, these satellite constellat


Tech giants like Elon Musk’s SpaceX and Jeff Bezos’ Amazon have plans to launch constellations of thousands of satellites aimed at providing global internet access . But astronomers are worried that adding the masses of satellites to Earth’s orbit could screw up our view of the night sky, as well as disrupt scientific research. “We do not yet understand the impact of thousands of these visible satellites scattered across the night sky and despite their good intentions, these satellite constellat
Satellites from Elon Musk’s SpaceX and Amazon could ruin view of the night sky, say astronomers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-10  Authors: tom huddleston jr
Keywords: news, cnbc, companies, launch, starlink, satellites, elon, ruin, view, musk, say, spacex, sky, statement, night, astronomers, orbit, research, musks


Satellites from Elon Musk's SpaceX and Amazon could ruin view of the night sky, say astronomers

The Astronomical Union International — the world’s largest organization of professional astronomers with over 13,000 members — issued a statement last week to complain about SpaceX’s launch of its first batch of satellites at the end of May. While that launch only sent about 60 satellites into orbit, SpaceX eventually plans a network of satellites, called Starlink, that would consist of nearly 12,000 satellites flying in low Earth orbit (within 1,200 miles of the planet’s surface). Roughly half of those satellites are reportedly expected to launch within the next six years .

Tech giants like Elon Musk’s SpaceX and Jeff Bezos’ Amazon have plans to launch constellations of thousands of satellites aimed at providing global internet access . But astronomers are worried that adding the masses of satellites to Earth’s orbit could screw up our view of the night sky, as well as disrupt scientific research.

And SpaceX isn’t the only company launching satellite networks, as Amazon has a similar plan in the works, called Project Kuiper, that would put over 3,200 satellites in low Earth orbit over several years in order to provide broadband internet access around the world.

In its statement, the IAU argues that an uncrowded night sky is “not only essential to advancing our understanding of the Universe of which we are a part, but also as a resource for all humanity and for the protection of nocturnal wildlife,” the statement reads. “We do not yet understand the impact of thousands of these visible satellites scattered across the night sky and despite their good intentions, these satellite constellations may threaten both.”

The IAU’s statement came after some astronomers — both amateur and professional — took to social media following last month’s SpaceX Starlink launch to voice their own concerns. Dutch scientist Marco Langbroek tweeted a video showing the Startlink satellites streaking across the night sky, though reports noted that the satellites would eventually drift apart (and into higher orbit) rather than being clustered together as they appear in the video.

Soon after, an astronomer at the Harvard-Smithsonian Center for Astrophysics, Jonathan McDowell, tweeted that the Starlink satellites were “brighter than we had expected,” while Southwest Research Institute planetary astronomer Alex Parker wrote in a tweet Langbroek’s video “gives me pause” because the satellites’ brightness.

“If SpaceX launches all 12,000, they will outnumber stars visible to the naked eye,” Parker wrote on Twitter.

Amazon did not immediately respond to CNBC Make It’s request for comment.

In a statement provided to CNBC Make It, a SpaceX spokesperson said the company continues to monitor its orbiting satellites while noting that “the observability of the Starlink satellites is dramatically reduced as they raise orbit to greater distance and orient themselves with the phased array antennas toward Earth and their solar arrays behind the body of the satellite.”

However, in a series of late-May tweets, Musk claimed that the current thousands of satellites in orbit pose little to no problems for astronomers, and that SpaceX is working to ensure its satellites will not hurt the view of the night sky. “We’ll make sure Starlink has no material effect on discoveries in astronomy,” Musk wrote. “We care a great deal about science.”

In fact, Musk also said that he had asked SpaceX to reduce the brightness of future Starlink satellites, and SpaceX has worked with the U.S. National Science Foundation, which oversees the National Radio Astronomy Observatory, to help ensure that the Starlink satellites do not run afoul of “international radio astronomy protection standards,” the NSF said in a statement this week.

“NSF is aware of concerns from the research community and looks forward to careful analysis of potential impacts on optical and infrared astronomy,” a spokesperson for NSF said in a statement provided to CNBC Make It. “NSF’s mission is to fund basic research, as well as the instruments and facilities that enable such research. We value input from stakeholders about possible impacts on any area of the research ecosystem and will work with our federal, private and academic partners to ensure research capabilities are safeguarded.”

SpaceX and Amazon will eventually commercialize their satellite internet networks, with SpaceX CEO Musk predicting his company’s network could reap upwards of $30 billion per year in revenue.

More than 2,000 satellites are currently estimated to be orbiting Earth, though roughly 1,300 of those are in low Earth orbit, according to data from the Union of Concerned Scientists.

UPDATE: This article has been updated to include a statement from a SpaceX spokesperson.

Don’t Miss: Elon Musk always thought SpaceX would ‘fail’ and he’d lose his PayPal millions

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Company: cnbc, Activity: cnbc, Date: 2019-06-10  Authors: tom huddleston jr
Keywords: news, cnbc, companies, launch, starlink, satellites, elon, ruin, view, musk, say, spacex, sky, statement, night, astronomers, orbit, research, musks


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Big tech should voluntarily propose breakup plans, says expert

Big tech should voluntarily propose breakup plans, says expert2:27 PM ET Mon, 10 June 2019Zach Karabell, Two Rivers Research president, and CNBC’s Julia Boorstin join ‘The Exchange’ to discuss how Facebook’s expansion could impact impending regulation.


Big tech should voluntarily propose breakup plans, says expert2:27 PM ET Mon, 10 June 2019Zach Karabell, Two Rivers Research president, and CNBC’s Julia Boorstin join ‘The Exchange’ to discuss how Facebook’s expansion could impact impending regulation.
Big tech should voluntarily propose breakup plans, says expert Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-10
Keywords: news, cnbc, companies, rivers, research, regulation, karabell, plans, big, voluntarily, president, propose, tech, expert, breakup, julia


Big tech should voluntarily propose breakup plans, says expert

Big tech should voluntarily propose breakup plans, says expert

2:27 PM ET Mon, 10 June 2019

Zach Karabell, Two Rivers Research president, and CNBC’s Julia Boorstin join ‘The Exchange’ to discuss how Facebook’s expansion could impact impending regulation.


Company: cnbc, Activity: cnbc, Date: 2019-06-10
Keywords: news, cnbc, companies, rivers, research, regulation, karabell, plans, big, voluntarily, president, propose, tech, expert, breakup, julia


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Morgan Stanley to let clients use donor-advised funds focused on drug discovery

Morgan Stanley is starting a new program that will let clients donate money to find treatments and cures for diseases. The program, called Morgan Stanley GIFT Cures, began today in tandem with a two-day conference the financial services firm is hosting. All donations made to Morgan Stanley GIFT Cures will be managed through a donor-advised fund to help the mission of the Harrington Discovery Institute. The Morgan Stanley GIFT Cures program is focusing on efforts to develop treatments for disease


Morgan Stanley is starting a new program that will let clients donate money to find treatments and cures for diseases. The program, called Morgan Stanley GIFT Cures, began today in tandem with a two-day conference the financial services firm is hosting. All donations made to Morgan Stanley GIFT Cures will be managed through a donor-advised fund to help the mission of the Harrington Discovery Institute. The Morgan Stanley GIFT Cures program is focusing on efforts to develop treatments for disease
Morgan Stanley to let clients use donor-advised funds focused on drug discovery Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: lorie konish
Keywords: news, cnbc, companies, funds, discovery, morgan, harrington, stanley, clients, drug, research, philanthropy, donoradvised, gift, let, treatments, program, focused, cures


Morgan Stanley to let clients use donor-advised funds focused on drug discovery

Morgan Stanley is starting a new program that will let clients donate money to find treatments and cures for diseases.

The program, called Morgan Stanley GIFT Cures, began today in tandem with a two-day conference the financial services firm is hosting.

All donations made to Morgan Stanley GIFT Cures will be managed through a donor-advised fund to help the mission of the Harrington Discovery Institute.

The Harrington Discovery Institute, in Cleveland, Ohio, works to identify new drug development research and approaches from academic institutions and help turn those discoveries into treatments. It was created in 2012 with $50 million from the Harrington family, who are medical supply entrepreneurs.

The Morgan Stanley GIFT Cures program is focusing on efforts to develop treatments for diseases such as Alzheimer’s, cancer, cardiovascular disease, gastrointestinal disease and immune disorders, among others. Clients can choose to either back efforts for a specific condition or broader research that is taking place.

“Our clients will have an opportunity to really be incredibly strategic with their philanthropy and their generosity,” said Melanie Schnoll Begun, head of philanthropy management at Morgan Stanley.


Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: lorie konish
Keywords: news, cnbc, companies, funds, discovery, morgan, harrington, stanley, clients, drug, research, philanthropy, donoradvised, gift, let, treatments, program, focused, cures


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YouTube recommended videos of underage girls after users watched erotic videos, research finds

In the aftermath of the discovery earlier this year that pedophiles had infiltrated comment sections of YouTube videos with children, the Google-owned video platform disabled comments on many videos of children. But researchers say disturbing patterns remain: A New York Times report published Monday said watching erotic videos and following the platform’s recommendations can eventually lead to videos of children. They said users who watched erotic videos might be recommended videos of women dres


In the aftermath of the discovery earlier this year that pedophiles had infiltrated comment sections of YouTube videos with children, the Google-owned video platform disabled comments on many videos of children. But researchers say disturbing patterns remain: A New York Times report published Monday said watching erotic videos and following the platform’s recommendations can eventually lead to videos of children. They said users who watched erotic videos might be recommended videos of women dres
YouTube recommended videos of underage girls after users watched erotic videos, research finds Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: megan graham
Keywords: news, cnbc, companies, videos, report, york, watched, children, changes, erotic, youtube, times, minors, finds, recommended, youtubes, research, underage, girls, users, recommendations


YouTube recommended videos of underage girls after users watched erotic videos, research finds

In the aftermath of the discovery earlier this year that pedophiles had infiltrated comment sections of YouTube videos with children, the Google-owned video platform disabled comments on many videos of children.

But researchers say disturbing patterns remain: A New York Times report published Monday said watching erotic videos and following the platform’s recommendations can eventually lead to videos of children.

The researchers at the Berkman Klein Center for Internet and Society at Harvard University were examining YouTube’s impact in Brazil. They said users who watched erotic videos might be recommended videos of women dressing as young girls, and eventually may be recommended videos of “girls as young as 5 or 6” wearing bathing suits or getting dressed, the report said.

According to the report, YouTube’s recommendation system changed to no longer link some of the revealing videos together, but the company told The New York Times it was “probably a result of routine tweaks to its algorithms, rather than a deliberate policy change.” YouTube also said that turning off its recommendation system on videos of children would “hurt ‘creators’ who rely on those clicks” but did say it would limit recommendations on videos it deems putting children at risk, the report said.

A YouTube spokesperson pointed to a blog post published Monday titled “An update on our efforts to protect minors and families.”

The post outlined some changes made in recent months, along with newer changes, which include limiting recommendations of “videos featuring minors in risky situations.” YouTube has also made changes to its machine learning classifier, which it said will help make it better identify videos that put minors at risk.

Read the New York Times report here.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: megan graham
Keywords: news, cnbc, companies, videos, report, york, watched, children, changes, erotic, youtube, times, minors, finds, recommended, youtubes, research, underage, girls, users, recommendations


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Here’s how a Fiat Chrysler-Renault merger could spark some mega auto deals

2017 Chrysler Pacifica BraunAbility is on display at the 109th Annual Chicago Auto Show at McCormick Place in Chicago, Illinois on February 9, 2017. The auto industry has long promised consolidation but has never fully delivered on market expectations. “The recent FCA-Renault announcement confirms that the auto industry is changing and that cooperation will be one of the keys for future success. Angus Tweedie, auto equity research analyst at Citi agrees that closer collaboration between Daimler


2017 Chrysler Pacifica BraunAbility is on display at the 109th Annual Chicago Auto Show at McCormick Place in Chicago, Illinois on February 9, 2017. The auto industry has long promised consolidation but has never fully delivered on market expectations. “The recent FCA-Renault announcement confirms that the auto industry is changing and that cooperation will be one of the keys for future success. Angus Tweedie, auto equity research analyst at Citi agrees that closer collaboration between Daimler
Here’s how a Fiat Chrysler-Renault merger could spark some mega auto deals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: julianna tatelbaum
Keywords: news, cnbc, companies, fiat, chryslerrenault, research, mobility, sector, auto, merger, deals, equity, heres, deal, global, industry, daimler, mega, spark


Here's how a Fiat Chrysler-Renault merger could spark some mega auto deals

2017 Chrysler Pacifica BraunAbility is on display at the 109th Annual Chicago Auto Show at McCormick Place in Chicago, Illinois on February 9, 2017. Raymond Boyd | Getty Images

Fiat Chrysler’s (FCA) proposed 50/50 merger with Renault could pave the way for a long-awaited M&A (merger and acquisition) boom in the sector, analysts have told CNBC. The tie-up looks to strengthen FCA’s position in electric vehicle technologies but would also create the third largest global automaker by production, behind Volkswagen and Toyota. It’s been lauded by many analysts, including Philippe Houchois, autos equity research analyst at Jefferies, who published in a note that there is nothing to dislike in a proposed merger that offers scope for synergies and restructuring. “(It’s) hard to disagree with the logic (of the deal) and with net synergies. We are positive on both shares with proforma combination still at low end of sector,” Houchois said. Gaetan Toulemonde, autos equity research analyst at Deutsche Bank, said in a note that it would allow both groups to share platforms and “capture economies of scale at a time when the industry needs to invest massively in CO2 reduction (and) autonomous driving.”

The auto industry has long promised consolidation but has never fully delivered on market expectations. Now, under mounting pressure from structural changes including new technologies and stricter emissions standards, we could finally be on the brink of an M&A bonanza in the sector. “There is certainly scope for a lot of co-operation throughout the industry, either through a full merger such as Renault-FCA or just sharing R&D or sourcing,” said Anna-Marie Baisden, Head of Autos, Macro Research at Fitch Solutions. And Arndt Ellinghorst, the head of global automotive research at investment banking firm Evercore ISI, told CNBC he “wouldn’t rule anything out at this stage as we know from public statements that various players are open to consolidation.” Daimler and BMW recently struck an agreement to pool their mobility services to create a new global player providing sustainable urban mobility for customers. They have also joined forces on autonomous driving. If they are forced to compete with another mega automaker in FCA-Renault, Daimler and BMW could perhaps even explore deepening their ties. “The recent FCA-Renault announcement confirms that the auto industry is changing and that cooperation will be one of the keys for future success. We are monitoring the next steps closely and certainly see the possibility that the merger can also create opportunities and potentials,” wrote a Daimler spokesperson in an email to CNBC.

Angus Tweedie, auto equity research analyst at Citi agrees that closer collaboration between Daimler and BMW would seem very logical given their similar target markets and therefore commonality of components. Areas of difficulty would be the shareholder structure and there also seems some opposition at both companies from an operational perspective. Like all European deals, headcount reductions would be difficult, Tweedie added. Ford and Volkswagen have already forged a global alliance to develop commercial vans and medium-sized pickups together and have signed a memorandum of understanding to investigate collaboration on autonomous vehicles, mobility services and electric vehicles and have started to explore opportunities. On the prospect of a bigger deal down the line for the two giants, Fitch’s Baisden said there was appealing logic. “Their strategies both focus on EVs and autonomy in the medium to long term and so with a challenging market that threatens their income, it would make sense.” And don’t forget about Peugeot. Multiple reports suggest the French carmaker was interested in doing a deal with Fiat Chrysler. If FCA consummates this deal with Renault, Peugeot will have to look elsewhere for merger opportunities.

Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: julianna tatelbaum
Keywords: news, cnbc, companies, fiat, chryslerrenault, research, mobility, sector, auto, merger, deals, equity, heres, deal, global, industry, daimler, mega, spark


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People who live in these cities earn the highest salaries in the world, research shows

Average salaries in San Francisco have risen by 31% since 2018, with the city taking the crown for the highest-paying city in the world this year, according to Deutsche Bank research. In 2019, people in San Francisco can expect to be paid an average of $6,526 per month — that’s 142% more than the average New Yorker’s income. New York City, with average monthly earnings hitting $4,612, was the third highest-paying city in the world. Monthly salaries saw a year-on-year increase of 12% in New York,


Average salaries in San Francisco have risen by 31% since 2018, with the city taking the crown for the highest-paying city in the world this year, according to Deutsche Bank research. In 2019, people in San Francisco can expect to be paid an average of $6,526 per month — that’s 142% more than the average New Yorker’s income. New York City, with average monthly earnings hitting $4,612, was the third highest-paying city in the world. Monthly salaries saw a year-on-year increase of 12% in New York,
People who live in these cities earn the highest salaries in the world, research shows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: chloe taylor
Keywords: news, cnbc, companies, earn, world, cities, average, city, san, shows, research, monthly, salaries, francisco, york, spot, highest, earnings, live


People who live in these cities earn the highest salaries in the world, research shows

Average salaries in San Francisco have risen by 31% since 2018, with the city taking the crown for the highest-paying city in the world this year, according to Deutsche Bank research.

In 2019, people in San Francisco can expect to be paid an average of $6,526 per month — that’s 142% more than the average New Yorker’s income.

Deutsche Bank’s analysis, which compared incomes and living costs in 56 cities worldwide, found that average earnings in San Francisco, where residents had the strongest purchasing power in the world, had increased by 88% over the last five years.

Zurich, Switzerland, came in second, offering an average monthly income of $5,896, although it lost the top spot this year after seeing average earnings decline by 18% over the last five years.

New York City, with average monthly earnings hitting $4,612, was the third highest-paying city in the world. Monthly salaries saw a year-on-year increase of 12% in New York, helping the city hold onto the third spot in the ranking.

Boston and Chicago, which both offer monthly incomes in excess of $4,000, were also ranked among the 10 highest paying cities.


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: chloe taylor
Keywords: news, cnbc, companies, earn, world, cities, average, city, san, shows, research, monthly, salaries, francisco, york, spot, highest, earnings, live


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Short seller says Beyond Meat hype is ‘beyond stupid,’ places bet against the shares

A notable short seller is roasting newly public Beyond Meat. Andrew Left of Citron Research took to Twitter Friday afternoon, saying the hype around the plant-based meat substitute company has sent its stock too high. “Most heavily traded retail stock on Robinhood, market cap now bigger than industry, and superior competitor coming to market soon.” Left, known for betting against Tesla and Valeant Pharmaceuticals, confirmed in an email to CNBC that he took a short position in Beyond Meat Friday.


A notable short seller is roasting newly public Beyond Meat. Andrew Left of Citron Research took to Twitter Friday afternoon, saying the hype around the plant-based meat substitute company has sent its stock too high. “Most heavily traded retail stock on Robinhood, market cap now bigger than industry, and superior competitor coming to market soon.” Left, known for betting against Tesla and Valeant Pharmaceuticals, confirmed in an email to CNBC that he took a short position in Beyond Meat Friday.
Short seller says Beyond Meat hype is ‘beyond stupid,’ places bet against the shares Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: thomas franck
Keywords: news, cnbc, companies, retail, market, meat, bet, stock, public, took, products, seller, shares, hype, short, research, stupid, places


Short seller says Beyond Meat hype is 'beyond stupid,' places bet against the shares

Packages of Beyond Meat Inc. beef crumbles are displayed for a photograph in Tiskilwa, Illinois, U.S., on Tuesday, April 23, 2019.

A notable short seller is roasting newly public Beyond Meat.

Andrew Left of Citron Research took to Twitter Friday afternoon, saying the hype around the plant-based meat substitute company has sent its stock too high.

Beyond Meat “has become Beyond Stupid,” Citron Research said in a tweet. “Most heavily traded retail stock on Robinhood, market cap now bigger than industry, and superior competitor coming to market soon.”

Left, known for betting against Tesla and Valeant Pharmaceuticals, confirmed in an email to CNBC that he took a short position in Beyond Meat Friday. Beyond shares were down 6% in afternoon trading.

He added that its stock performance “seems to be all retail-driven without any fundamental basis.”

Notwithstanding Left’s prediction for a 25% plunge in Beyond’s stock price, the El Segundo, California company remains a bright spot in a string of shaky starts for 2019 IPOs.

Beyond’s products, including fake ground beef to burgers, are designed to replicate the consistency and taste of meat. Instead of animal protein, the meat alternatives use gluten- and soy-free products from peas and faba beans. And with more Americans experimenting with flexitarian diets, demand for Beyond Meat shares surged during its initial public offering earlier this month.

In one of the strongest kickoffs this year, shares rocketed 163% on May 2, the first day of trading for the equity. Beyond Meat, which priced its initial public offering at $25 per share, has seen its stock rally to highs north of $90 by Thursday’s close.

But Beyond’s rapid ascent — and popularity among retail traders — has Citron’s Left convinced its price tag has grown frothy, especially with competitors like Impossible Foods eyeing the public market. Despite a market capitalization north of $5 billion, Beyond only generated $87.9 million in 2018.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: thomas franck
Keywords: news, cnbc, companies, retail, market, meat, bet, stock, public, took, products, seller, shares, hype, short, research, stupid, places


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In the battle of Trump personalities, ‘Tariff Man’ is winning, and Wall Street isn’t ready for it

Two of President Donald Trump’s priorities — a strong stock market and a tough China trade deal — are at odds. Year to date, Trump has tweeted about seven times per week on the subjects of China, trade and tariffs — the same average frequency for jobs, stocks and the economy. “Tariff Man,” as Trump once described himself, is winning the battle of the president’s personalities, and “Dow Man” is just going to have to take a back seat for a while. “It’s impossible — the risk reward here is that alm


Two of President Donald Trump’s priorities — a strong stock market and a tough China trade deal — are at odds. Year to date, Trump has tweeted about seven times per week on the subjects of China, trade and tariffs — the same average frequency for jobs, stocks and the economy. “Tariff Man,” as Trump once described himself, is winning the battle of the president’s personalities, and “Dow Man” is just going to have to take a back seat for a while. “It’s impossible — the risk reward here is that alm
In the battle of Trump personalities, ‘Tariff Man’ is winning, and Wall Street isn’t ready for it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: kate rooney
Keywords: news, cnbc, companies, china, wall, battle, president, research, presidents, economy, trump, winning, tariff, personalities, trade, street, policy, ready, trumps, isnt, tariffs, man


In the battle of Trump personalities, 'Tariff Man' is winning, and Wall Street isn't ready for it

Two of President Donald Trump’s priorities — a strong stock market and a tough China trade deal — are at odds. The conflict is frustrating Wall Street as it chases a moving target of pricing in a particular outcome. Traders are hanging on the president’s every word looking for an easing in his rhetoric and a potential softening in the ongoing trade war. If tweets are any indication, the president’s focus is shifting. In the past two weeks, his Twitter mentions of trade-related terms were double his mentions of the economy and stocks. Year to date, Trump has tweeted about seven times per week on the subjects of China, trade and tariffs — the same average frequency for jobs, stocks and the economy. During the week of May 5, though, his China and trade mentions rose to roughly 46 times, while he mentioned economy-related phrases about 17 times, according to analysis of his Twitter feed. There is some overlap, as he occasionally bundles multiple subjects in the same tweet. “Tariff Man,” as Trump once described himself, is winning the battle of the president’s personalities, and “Dow Man” is just going to have to take a back seat for a while.

‘It’s impossible’

Wall Street analysts find the job of predicting the president’s mindset on a daily basis for clients to be a difficult task. “It’s impossible — the risk reward here is that almost all of this is at the discretion of President Trump,” Raymond James Washington policy analyst Ed Mills said. “You can’t know entirely what his intentions are.” On one hand, Trump is appealing to his base with a tough stance on trade ahead of the 2020 election. But economists say less trade between the world’s largest economies threatens to dampen growth, at least in the near term.

That is taking a toll on global growth expectations and therefore the stock market. The Dow Jones Industrial Average — Trump’s go-to report card for a strong economy — dropped 600 points Monday following new rounds of retaliatory tariffs. It rallied on Tuesday on more trade optimism and again moved higher on Wednesday. Overall, the Dow is down a little more than 3% since Trump escalated the trade war 10 days ago by tweeting a threat to raise tariffs on China, which he followed through with on Friday. “The problem is that the president has two conflicting polls here,” Fundstrat Washington policy strategist Thomas Block told CNBC. “He obviously watches the Dow and has friends who probably call him up and say, ‘Donald, we’re getting killed’ — that’s why that’s one side of Donald Trump. But there has also emerged a very political side.” The political side has increased tariffs from 10% to 25% on $200 billion in Chinese imports. The U.S. is also taking necessary legal steps to slap another round of 25% tariffs on $300 billion of imports, which would happen in June at the earliest. Block highlighted uncertainty that he said is leading him to tell clients to “stay on the sidelines.” “If I felt I understood Donald Trump’s mind better than anybody else and had a high level of confidence about the outcome, Fundstrat would have to pay me more money than they could afford,” Block said. Block said his instinct is that “some sort of agreement” gets done around a June G-20 meeting. But he said Trump’s priorities, and therefore public stance, could change last minute.

‘Turn on a dime’

Isaac Boltansky, director of policy research for Compass Point Research & Trading, is also navigating this fickle market. He said clients are “cognizant of the fact that this narrative can turn on a dime.” “The near-term sentiment shift has been undeniably warranted given recent developments, but investors recognize that the president could change market sentiment with a single tweet,” Boltansky said. Trump rolled out the “Tariff Man” persona in a tweet in early December, a month that saw the S&P 500 drop 9.2% in its worst month since the financial crisis. But the approach has played to his base and is part of the campaign’s strategy heading into 2020. Trump is also using the stance as ammo against Democratic candidate and former Vice President Joe Biden, who supported the Trans-Pacific Partnership. “Tariffs are focused right at the electoral map of Trump, particularly farm states,” said Dan Clifton, a partner and head of policy research for Strategas Research Partners. “At the same time, Trump can make a convincing case that Biden has been weak on China, and a standoff with China benefits his re-election.”

China has responded to U.S. tariffs with its own hike on $60 billion worth of U.S. goods. That hits farmers at “every single angle,” according to an economist at the American Farm Bureau Federation. To curb the effect of Beijing’s retaliatory duties, Trump said this week that farmers would receive about $15 billion in aid. His campaign is betting that farmers will support Trump despite the hit to American agriculture. “A deal with China to end their bad behavior would provide even more long-term benefit to the economy,” Tim Murtaugh, the Trump campaign’s communications director, told CNBC. “Farmers are patriotic and understand that someone had to finally call China to account.” Murtaugh also pointed to a booming economy, another rallying point ahead of 2020. GDP growth in the first quarter grew by 3.2% — its best start to a year since 2015. In April, unemployment fell to its lowest level since 1969.

10% drop before he changes tune


Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: kate rooney
Keywords: news, cnbc, companies, china, wall, battle, president, research, presidents, economy, trump, winning, tariff, personalities, trade, street, policy, ready, trumps, isnt, tariffs, man


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