DealBook @dealbook
New York Times columnist Andrew Ross Sorkin and his colleagues help make sense of major business and policy news — and the power-brokers who shape them. dealbook.nytimes.com New York, NY Joined October 2008-
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Neko Health is Daniel Ek’s biggest start-up since Spotify. He and the company’s C.E.O. Hjalmar Nilsonne explain their vision for upending health care — and the challenges ahead. And @BernhardWarner goes into their full-body scan chamber for a close-up look nyti.ms/4aUOk9Y
In the weekend edition of the DealBook newsletter: @andrewrsorkin on creative ways business leaders could address antisemitism on campus; @BernhardWarner on Daniel Ek’s next act; and @ravmattu on the political thought of Xi Jinping. nyti.ms/4a0oMHc
The federal government’s auto safety agency said that it was investigating Tesla’s recall of its Autopilot driver-assistance system due to concerns that the company had not done enough to ensure that drivers remained attentive while using the technology. nyti.ms/3UCyueF
ExxonMobil and Chevron, the largest American energy companies, said on Friday that their earnings in the first quarter fell from a year earlier, pulled down by lower margins on oil refining and plunging natural gas prices. nyti.ms/3QiRThS
Stubborn inflation has led traders to forecast far fewer rate cuts by the Federal Reserve than just a few months ago. nyti.ms/4a0Dgqt
Louisiana will no longer require students to fill out the federal financial aid form known as the FAFSA in order to graduate. High school seniors are more likely to go to college if they complete it, but the state sees privacy issues with mandating it. nyti.ms/4dhf6Lu
Michelin, the French tire maker, said it would guarantee its employees a “decent wage,” part of a plan to ensure that none of its workers would struggle to make ends meet. The announcement has ignited a debate in France over what constitutes a decent wage. nyti.ms/4aYpXsg
Exactly how inflation is hurting, helping and confusing people is hard to understand. Strong reactions to rising prices and misunderstandings about the value of money are rampant, our @jeffsommer says. nyti.ms/4bbHih0
Many developers, spurred by the pandemic to invest money in new self-storage facilities, have been caught short by a drop in demand as Americans are no longer relocating as much. nyti.ms/3UxPVNm
The Fed’s most closely watched inflation measure, the Personal Consumption Expenditures index, rose by 2.7% in the year through March, up from 2.5% in February. The reading is the latest evidence that inflation is not fading as quickly as officials hoped. nyti.ms/4aTCKfg
In today’s DealBook newsletter: @ravmattu on a report about Trump allies’ effort to undercut the Fed’s independence; @m_delamerced on Microsoft and Alphabet dodging an A.I. stock slump; @LaurenSHirsch on the high stakes in the N.B.A. rights talks; and more nyti.ms/3QiOnEp
The parent company for The Enquirer, the tabloid now famous for its ties to former President Donald J. Trump, has tried repeatedly to sell the publication. It hasn’t been easy. nyti.ms/3U9h7Ay
Southwest Airlines is ceasing operations at four airports, and reducing flights from others, in an effort to cut costs after its growth plans were curtailed by fewer than expected plane deliveries from Boeing. nyti.ms/4aMwLJa
BHP Group, the world’s largest mining company, has proposed a takeover of its rival Anglo American, in a deal that has the potential to shake up the industry at a time when demand for copper is soaring. nyti.ms/4d9SkVD
For years, federal lawmakers have tried to pass legislation to rein in the tech giants. The TikTok law was their first success, and it appeared some momentum was building for further regulation. nyti.ms/44cLtH3
Chad Nedohin, a podcaster and part-time pastor in Canada, has urged people to invest in Trump Media and hold on to the stock. The enthusiasm from Nedohin and other Trump supporters has turned Trump Media into the latest “meme stock.” nyti.ms/3QlN1ZE
Everybody in tech seems to want to make friends with Saudi Arabia right now as the kingdom has trained its sights on becoming a dominant player in AI — and is pumping in eye-popping sums to do so. nyti.ms/44f6Mrm
Europe’s policymakers reiterated their growing confidence that high inflation was dissipating. The ECB, which sets interest rates for all 20 countries that use the euro, has signaled it could cut rates at its next policy meeting in June. nyti.ms/44jUON9
In China, there is no TikTok. There is only Douyin. And ByteDance owns both. Although TikTok has more users around the world, Douyin is the company’s cash cow and a China mainstay. nyti.ms/49RjWfp
NEW: lawmakers have been trying to force a sale of TikTok from ByteDance or ban it for ~4 years. here's the inside story on how this new bill, set to be signed by Biden, was drafted in secrecy for a year by a tiny group in the House with the DOJ & NSC nytimes.com/2024/04/24/tec…
Carl Quintanilla @carlquintanilla
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469K Followers 1K Following Start your morning with Joe Kernen, Becky Quick, and Andrew Ross Sorkin - Monday through Friday from 6-9a ET on CNBC.Andrew Ross Sorkin @andrewrsorkin
962K Followers 4K Following @NYTimes Columnist/Editor & @SquawkCNBC Co-Anchor. Author, Too Big To Fail. Founder, @DealBook. Co-Creator, BILLIONS @Showtime. Co-Chair @NYPL's BLC. Proud Dad.Becky Quick @BeckyQuick
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280K Followers 526 Following Yes, I've been doing this a long time. No, I don't dye my hair.Dominic Chu @TheDomino
76K Followers 2K Following Senior Markets Correspondent for @CNBC. Now you know & knowing is ½ the battle! Tweets mine, retweets ≠ endorsements.Brett Caughran @FundamentEdge
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241 Followers 4K Following Throughout Heaven and Earth, I Alone Am The Honored One.Carl Quintanilla @carlquintanilla
424K Followers 6K Following 24 years @CNBC & @NBCNews / Peabody Award, Emmy, Murrow, duPont recipient / @WSJ alum / Board member, @NYCityCenter & @SH_cinemaSquawk Box @SquawkCNBC
469K Followers 1K Following Start your morning with Joe Kernen, Becky Quick, and Andrew Ross Sorkin - Monday through Friday from 6-9a ET on CNBC.Andrew Ross Sorkin @andrewrsorkin
962K Followers 4K Following @NYTimes Columnist/Editor & @SquawkCNBC Co-Anchor. Author, Too Big To Fail. Founder, @DealBook. Co-Creator, BILLIONS @Showtime. Co-Chair @NYPL's BLC. Proud Dad.Becky Quick @BeckyQuick
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7K Followers 4K Following Managing editor of @DealBook at @nytimes, based in London. Ex-@FT, @prospect_uk & @harpers. RT ≠ endorsements. Profile illustration by @KangHexin.Bernhard Warner @BernhardWarner
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302 Followers 836 Following Previously @nytimes @PublicSourcePA @CityLimitsNews | @newmarkjschool & @yorkcollegecuny (Views are my own)David Yaffe-Bellany @yaffebellany
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2K Followers 1K Following Once of Brooklyn, now of Seoul. editing @nytimes Also tweeting @Austenproject.NEW: lawmakers have been trying to force a sale of TikTok from ByteDance or ban it for ~4 years. here's the inside story on how this new bill, set to be signed by Biden, was drafted in secrecy for a year by a tiny group in the House with the DOJ & NSC nytimes.com/2024/04/24/tec…
The whole time I was reporting on automakers giving people's driving behavior to the insurance industry, I was driving a car that was doing EXACTLY that. As a privacy reporter, this feels like my version of putting $50,000 into a shoebox. How it happened: nytimes.com/2024/04/23/tec…
Should "Buy Now, Pay Later" loans show up on your credit report? The credit bureaus say "yes." The BNPL lenders say... eventually, and only after big changes to the credit reporting industry. @JordynJournals and I dig into the dispute: nytimes.com/2024/04/23/bus…
What Happened When India Pulled the Plug on TikTok The United States is agonizing over the possibility of a ban, but India did it at a stroke. Indians adjusted quickly, and Instagram and YouTube built big audiences. Don’t miss the video, guys… nytimes.com/2024/03/22/bus…
TikTok has been a boon for beauty and wellness brands that say the app exposes them to many potential shoppers at a relatively inexpensive price. Now with convo about banning TokTok or forcing a sale, those brands are game planning what come next nytimes.com/2024/03/22/bus…
They’re Paid Billions to Root Out Child Labor in the U.S. Why Do They Fail? - please read every word of this rage-inducing yet essential journalism from @hannahdreier nytimes.com/2023/12/28/us/…
amazing day on tap for #dealbook summit. You can follow it all live
In today’s newsletter: Vice President Kamala Harris, Tsai Ing-wen, the president of Taiwan, Elon Musk, Bob Iger, and Jamie Dimon are among the big names speaking at the DealBook Summit today. Here’s what to expect nyti.ms/3uCyQaq
Follow me here for a live stream of my interview with @elonmusk later today…
The DealBook Summit starts this morning. Big day of interviews ahead… nytimes.com/2023/11/29/bus…
The DealBook Summit starts this morning. Big day of interviews ahead… nytimes.com/2023/11/29/bus…
My latest. The tldr; Do not let your kids use your Google account on their tablets. nytimes.com/2023/11/27/tec…
NYT: Across the global, a new generation of autonomous weapons, empowered by A.I., are being built. They will change warfare in radical & unpredictable ways It has provoked a debate: should there be legal limits on how these new weapons of war are used? nytimes.com/2023/11/21/us/…
BREAKING: U.S. employers added 150,000 jobs in October, a slowdown in hiring, but one that reflects the autoworkers strike last month. Follow our live coverage: nytimes.com/live/2023/11/0…
NEW w/ @BenMullin: Condé Nast is laying off 5% of its staff amid digital ad pressures and an audience shift to short-form video nytimes.com/2023/11/01/bus…
The Federal Reserve is widely predicted to leave interest rates steady, but not to rule out another increase in the coming months. Follow our live coverage: nytimes.com/live/2023/11/0…
Insurers have been accused of discriminating against Black & Hispanic customers by making it harder for them to get claims paid after an accident. But the accusation against Erie is that its policies blocked them from becoming customers in the first place nytimes.com/2023/10/30/bus…
To understand how the UAW just won a 25% raise at Ford, you have to understand the little-known group that transformed the union into a super militant org, recruiting its president Shawn Fain and several other hardline leaders & funding their campaigns. nytimes.com/2023/10/26/bus…
SCOOP: Justice Clarence Thomas’s luxury RV loan was forgiven, Senate inquiry finds. The Justice failed to repay much—and perhaps, all, of a $267,230 loan given to him by a wealthy friend. Read my latest via the @nytimes nytimes.com/2023/10/25/us/…
NEWS: UAW and Ford have reached a deal to end the strike there, ~25% increase in wages. Still has to be ratified by members. nytimes.com/2023/10/25/bus…
NYC just reached a major milestone: it's recovered all the jobs lost since the pandemic. But why doesn't this feel like a full recovery? 🧵 and a free link below nytimes.com/2023/10/24/nyr…
A halftime report in the Google antitrust case. The government side: Scale, default contracts and billions in payments combined to build a digital moat, thwarting competition. @dmccabe + @ceciliakang nytimes.com/2023/10/25/tec…