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From the Editor's Desk

Encyclopaedia Britannicas Transformation

SCOTT BERINATO: Welcome to the HBR IdeaCast. I’m Scott Berinato. I’m joined today by Jorge Cauz, president of the Encyclopaedia Britannica Company. It was one year ago that Jorge and his executive staff made the momentous decision to cease publishing the printed set of the Encyclopaedia Britannica, a 244-year-old product.

Continued here


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The CEO-obsessed succession pro leading Disneys search for Igers replacement - WSJ
The former Morgan Stanley chief executive is set to become chairman of Disney’s board in January, charged with executing a smooth and lasting transition to a new leadership regime, while righting past wrongs of a board that critics view as too deferential to Bob Iger.


India
US elections: Kamala Harris launches scathing attack against 'unhinged' Trump over alleged Hitler remark - Times of India
At TOI World Desk, our dedicated team of seasoned journalists and passionate writers tirelessly sifts through the vast tapestry of global events to bring you the latest news and diverse perspectives round the clock. With an unwavering commitment to accuracy, depth, and timeliness, we strive to keep you informed about the ever-evolving world, delivering a nuanced understanding of international affairs to our readers. Join us on a journey across continents as we unravel the stories that shape our interconnected world.Read More






India
Allahabad HC bins plea to recall order to club Mathura Idgah cases - Times of India
The Allahabad high court upheld its order consolidating all suits related to the Shri Krishna Janmabhoomi-Shahi Idgah dispute, rejecting the mosque's


India
Bill Gates and Jamie Dimon indicate support for Kamala against rampaging Trump - Times of India
US News: Influential billionaires, including Bill Gates and JP Morgan Chase CEO Jamie Dimon, have backed Kamala Harris in the US Presidential campaign, citing




India
Baba Siddique killing: 4 more held in Pune, 1 in Haryana | India News - Times of India
India News: MUMBAI/PUNE: The Mumbai crime branch has arrested a 29-year-old man from Kaithal in Haryana and three youths from Pune in connection with the ongoing .


India
Turkey launches airstrikes in Iraq and Syria following 'terror attack' on aerospace firm - Times of India
At TOI World Desk, our dedicated team of seasoned journalists and passionate writers tirelessly sifts through the vast tapestry of global events to bring you the latest news and diverse perspectives round the clock. With an unwavering commitment to accuracy, depth, and timeliness, we strive to keep you informed about the ever-evolving world, delivering a nuanced understanding of international affairs to our readers. Join us on a journey across continents as we unravel the stories that shape our interconnected world.Read More




India
Many questions still remain about LAC patrolling pact: Congress | India News - Times of India
India News: Ahead of PM Narendra Modi and President Xi Jinping's talks at the BRICS summit, Congress raises concerns over the recent announcement of an agreement


India
Bengaluru building crash toll hits 8; contractor, owner held | India News - Times of India
India News: In East Bengaluru, the death toll from the Hennur building collapse reached eight, with several laborers still missing. Rescue teams have saved 14 ind




India
We'll be satisfied only if guilty held accountable: US envoy on Pannun case | India News - Times of India
India News: US ambassador Eric Garcetti emphasizes the need for accountability in the case involving former Indian official Vikash Yadav, linked to a murder-for-h


India
JioHotstar domain bought by an app developer who wants Reliance to fund his higher studies, read his 'letter' to the company - Times of India
TECH NEWS : A Delhi-based app developer anticipated the merger between Reliance JioCinema and Disney+ Hotstar, purchasing the domain JioHotstar. He aims to use th




India
PM Modi and Xi put seal on LAC pact, pledge to rebuild ties | India News - Times of India
India News: India and China reached a significant agreement this week to end their prolonged military standoff. PM Modi and President Xi endorsed the deal in a me


Work
The quarter-trillion dollar rush to get money out of China - WSJ
Chinese residents have been illicitly moving billions of dollars out of the country under authorities’ noses as a cratering property market and economic uncertainties push people to find safer places to park their wealth overseas.




Work
This little known private-equity firm booked a 79-fold return - WSJ
The private-equity firm recently sold the shares it received as part of the August sale of its majority stake in oil-and-gas producer CrownRock, notching what is perhaps one of the buyout industry’s biggest scores.


Work
Israels once-fringe movement to reoccupy Gaza gains momentum - WSJ
BE’ERI, Israel—Military success in the Gaza Strip is lending momentum to a once-fringe idea in Israel: reoccupying the Palestinian enclave and repopulating it with Jewish settlers.




Work
Bring in pay-per-mile road pricing across UK, urges Tony Blair's thinktank
Rachel Reeves is widely expected to confirm the end of a temporary 5p cut in fuel duty, and possibly announce an inflationary rise in the tax paid on petrol and diesel at the pumps, in her budget next Wednesday.


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Former CEO is finally facing the music for alleged sex trafficking and prostitution ring during his time at Abercrombie
Millennials: You’ll remember walking into Abercrombie & Fitch in the late ‘90s and early 2000s. Loud, thumping music, perfume so strong you could barely think straight, and posters of half-naked men were all part of the experience—and a desire to feel “cool.”




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Portugals Immigration Overhaul Hits South Asian Workers Hard
The possibility of a life-changing “raspberry passport” through agricultural work is fading for many South Asian workers, forcing already vulnerable people into even more precarious and often exploitative situations.


Work
Pakistan mulls artificial rain after Lahore declared world's most polluted city
Pakistan's eastern city of Lahore held the first rank on a real-time list of the world's most polluted cities, with a US air quality index (AQI) of 193, according to Swiss group IQAir, which categorised the air quality as "hazardous".


Work
How much fun can you take at your work conference? - WSJ
PHOENIX—The conference at the 950-room JW Marriott Desert Ridge Resort in early October had everything hotel industry folks could want: Panels with the CEOs of Marriott, Motel 6 and Wyndham. Outlooks on the economy, room rates and travel trends.


Work
At An Arizona Town Hall, Mark Cuban Assures That Harris Won't Tax Unrealized Gains. If He's Wrong, He'll Work Against Her In The Future
The global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.


Work
American Airlines just got fined $50 million for mistreating passengers with wheelchairs
Under the penalty, American will have to pay a $25 million fine to the Treasury, as well as a $25 million credit toward investments in equipment to curb incidents of wheelchair damage, investments in a systemwide wheelchair tagging system to reduce wheelchair delay, the deployment of a hub control center to coordinate wheelchair handling, and compensation for affected passengers during the investigation period.


Work
Boeing at "crossroads" as strike hits and losses rise
The company announced plans earlier this month to cut roughly 10% of its workforce. Thousands of other staff are already on a rolling furlough due to the strike, which has also hit suppliers.


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American Airlines Passengers Who Skip Ahead Will Trigger 'Audible Signal'
“The new technology is designed to ensure customers receive the benefits of priority boarding with ease, and helps improve the boarding experience by providing greater visibility into boarding progress for our team,” American Airlines said in a statement.


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Tesla's Third Quarter Earnings Report Robust Profit Increase
Tesla, which is led by Elon Musk, accounts for almost half the electric cars sold in the United States and is a bellwether for electric car demand. Battery-powered vehicles, which have no tailpipe emissions, are considered critical to fighting climate change.


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Why Some Outspoken C.E.O.s Are Backing Harris -- Silently
And Buffett has told Berkshire shareholders in recent years that he’s worried about the rise of political “tribalism” in the United States and how that “just doesn’t work as well.”


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DOJ warns Elon Musk pro-Trump PAC that $1 million voter contest may be illegal
Musk is the world's richest man and one of the biggest backers of Trump's White House bid. America PAC has spent more than $100 million on the presidential election, with the vast majority of that money coming from Musk himself.


Work
China May Chafe as North Korea Sends Soldiers to Fight Ukraine
North Korea’s provocative behavior has already contributed to a trilateral security alliance between the United States, Japan and South Korea signed at Camp David last year. The pact, which China has likened to an Asian NATO, has added to Beijing’s feeling that it is being constrained and encircled by the United States and its allies.


Work
Israel Accuses 6 Al Jazeera Journalists of Fighting With Hamas, PIJ
In its statement, Al Jazeera called the accusations “a blatant attempt to silence the few remaining journalists in the region, thereby obscuring the harsh realities of the war from audiences worldwide.”


Work
Andreessen Horowitz is renting a bunch of Nvidia GPUs to its portfolio companies | TechCrunch
a16z views Oxygen as a core value proposition to its startups moving forward, as long as the AI boom continues as projected. That’s likely why the startup made the massive investment required to secure these chips.


Work
Watch CFPB Director Rohit Chopra speak at DC Fintech Week
The CFPB's new rule garnered mixed reviews from trade groups. The American Bankers Association raised concerns around data security, while the Financial Technology Association — whose members include Plaid and PayPal — said the regulation "will increase competition, improve consumers' choices, and drive momentum for future innovations that benefit customers."


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Putin calls for alternative international payment system at Brics summit
Agathe Demarais, a sanctions specialist at the European Council of Foreign Relations, said: “At this stage it is hard to imagine a widespread development and adoption of Brics financial tools globally. The US dollar’s domination of the global currency landscape is entrenched, both for trade transactions and foreign exchange reserves; more than 80% of global trade transactions are invoiced in US dollars, which also accounts for nearly 60% of central banks reserves.


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Terror attack blamed as five killed and 22 wounded at Turkish aerospace firm
The Nato secretary general, Mark Rutte, said the military alliance would stand with Turkey. He posted on X: “Deeply concerning reports of dead and wounded in Ankara. #NATO stands with our Ally #Turkey. We strongly condemn terrorism in all its forms and are monitoring developments closely.”


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Beleaguered startup Humane drops Ai Pin price by $200 | TechCrunch
In a message sent to its email list, Humane highlights its return policy in the new pitch. “Ai Pin starts at $499 and includes your first month of Humane Plan on us,” the company writes. “Along with a 90-day return window, it’s completely risk-free to try.”


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Exclusive: Flock Safety paid over $300 million for 17-month-old drone startup Aerodome
Garrett Langley, founder and CEO of Flock Safety, said the expansion into drones is a no-brainer. “Anyone who’s seen a drone-as-first-responder program in action knows that this technology will play a central role in the future of public safety,” he said in a company blog post. “No other technology helps law enforcement officers get eyes on the scene faster than a drone.” 


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DuckDuckGo will be making more early-stage investments in privacy-focused startups | TechCrunch
“This is the first time we’ve talked about our investments and the overall strategy around it directly,” the spokesperson continued. “We wanted to make this announcement to formalize this work that has been happening behind the scenes for a while, and signal to startups, potential partners, and the larger tech community that our door is open to anyone who wants to work with us on a more private Internet.”


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Disrupt 2024 full Side Events schedule | TechCrunch
Description: Explore the intersection of technology, art, and innovation with industry leaders. Meet our panel of experts in design thinking, food engineering, space tech, sustainable materials, museum tech, AI, and more. 


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Disrupt 2024 full Breakout Session agenda | TechCrunch
The only way to join these first come, first served Breakout Sessions is by registering for Disrupt 2024. Any pass grants you full access to these sessions. Register today and save up to $400 before prices rise at the door or get the Expo+ 2-for-1 Pass. Lock in your discounted ticket here.


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Promise Bio exits stealth backed by Pfizer and AstraZeneca | TechCrunch
“It’s really crazy that we are doing the same process as we were managing these diseases 15 years ago,” Veksler said. “The number of therapeutic options is only increasing. It’s not sustainable. We can not continue on this trial and error from pharma companies.”


Work
Wiz hopes to hit $1B in ARR in 2025 before an IPO, after turning down Google's $23B | TechCrunch
Should Wiz achieve the $1 billion ARR number before attempting an IPO — and if its underlying financials are strong and indicate more potential growth — it could indeed have a record-breaking public debut. Back in 2020 Snowflake broke records for its IPO as the biggest software IPO ever, when shares closed the day at a $70 billion market cap. This was on fast-growing revenues of $265 million and a net loss of $348 million. Snowflake investors haven’t maintained that exuberance, but the company is still trading at around a $39 billion market cap.


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Disrupt 2024 full Roundtable Session agenda | TechCrunch
The only way to participate in these exclusive Roundtable Sessions is by registering for Disrupt 2024. Any pass, except the Expo+ Pass, grants you full access to these sessions. Register today and save up to $400 before prices rise at the door. Lock in your discounted ticket here.


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5 days to go: Disrupt 2024 kicks off & ticket prices go up | TechCrunch
Don’t miss your chance to save up to $400 on tickets. Or take advantage of our Expo+ 2-for-1 offer — bring a guest for just half the price of a single Expo+ Pass until October 27. Ticket prices will increase when the doors open on October 28. Grab your ticket at a low rate.


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Fixify blends automation and human analysts to tackle IT problems | TechCrunch
Arlington, Virginia-based Fixify, which launched in 2023, has raised $32 million to date. The firm’s near-term focus is growing its 41-person workforce and customer base, which currently stands at 15 companies.


Work
Surge in Treasury 'Term Premium' Warns of Rising Bond Risks
(Bloomberg) -- The US Treasury market, already mired in one of its worst losing stretches of the year, is flashing a fresh warning sign of mounting risks as yields surge.Most Read from BloombergClimate Change Is Killing Buildings in Slow MotionOman Sees an Urban Future Distinct From Dubai and Abu DhabiTransportation Policy Gets Left Behind in Presidential RaceHow Kyiv Became a Leader in Digital Services Amid Wartime StrainDhaka's Revolutionary Makeover Pits Visions of Peace Against VengeanceThe


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How the Biden administration botched Americas sanctions against Iran - The Economist
A fortnight ago Iran aimed more than 180 ballistic missiles at Israel. Now Israel will respond, and the world is holding its breath. What it does next, and how Iran reacts, will determine whether the Middle East is engulfed by all-out conflict. For America the question is how to encourage restraint from Israel, limit escalation, curb Iran’s baleful influence and deter it from choosing to build a nuclear weapon. Unfortunately, as our investigation this week shows, the Biden administration has undermined one of America’s main tools.


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Lawsuit blames Character.AI in death of 14-year-old boy | TechCrunch
According to The New York Times, Sewell Setzer III, a ninth grader from Orlando, spent months talking to chatbots on Character.AI’s AI role-playing app. Setzer developed an emotional attachment to one bot in particular, “Dany,” which he texted constantly — to the point where he began to pull away from the real world.


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Man Charged in Attempted Trump Assassination Seeks Judge's Recusal
“In the mind of the public, that Mr. Trump appointed your honor may add to the appearance of partiality given that he has publicly praised your honor for rulings in his earlier case,” the lawyers told Judge Cannon. “And were Mr. Trump to become president again, he would have authority to elevate your honor to a federal appellate court (including the U.S. Supreme Court) or to high-ranking positions in the executive branch.”


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In a Tight Presidential Race, Omaha Is Basking in Its Political Relevance
“There are too many people across the United States who feel like their vote, their voice doesn’t matter,” said Ruth Huebner-Brown, who along with her husband was spray-painting blue dots on white yard signs in their driveway on Saturday and ferrying stacks of them to arriving cars. “And honestly, there’s some truth to that if you live in a completely red or completely blue state.”


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American Airlines is cracking down on flyers who cut the boarding line
“We are in the early phase of testing new technology used during the boarding process, designed to make sure customers receive priority boarding with ease and helps the boarding experience by providing greater visibility,” an American Airlines (AAL-0.89%) spokesperson told Quartz.


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McDonald's stock gets a downgrade because the E. coli outbreak is a 'significant' threat
In a recent video posted to YouTube (GOOGL-1.44%), McDonald’s U.S. president Joe Erlinger stated that “most menu items are not affected” by the outbreak, highlighting that popular options like the Cheeseburger, Big Mac, and McDouble as safe to eat. The company is working with health officials and has temporarily halted the use of fresh slivered onions and quarter pound beef patties used in the Quarter Pounders during the investigation.


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A self-driving car firm backed by Nvidia and Uber is now on America's roads
Uber is working with both Waymo, Wayve, and General Motors’ Cruise, which halted its operations in San Fransisco last year following a safety incident. The company has since returned to the Bay Area with a driver behind the wheel.




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