Nvidia CEO’s net worth surges along with tech giant’s stock
Investment manager James Demmert recommends including Nvidia in a “core” portfolio, predicting growth “over several years.” Nvidia CEO Jensen Huang’s net worth soared $9.6 billion on Thursday as the AI chip maker’s stock soared after it reported better-than-expected quarterly results. Hwang’s total net worth is estimated at $69.2 billion, according to the Bloomberg Billionaires Index. […]
Bank CEOs handed pay raises while junior bankers face stingy bonuses
Bank executives will enjoy pay increases in 2023, while rank-and-file employees were given an extra year of stingy bonuses, according to this week’s earnings report. Nowhere was this more evident than at Standard Chartered, whose chief executive Bill Winters reported a 22% rise in his pay. bloombergHe said, citing the London-based bank’s 2023 earnings report […]
Ford, GM CEOs open to partnerships to compete with China
Diana Furchtgott-Roth, an economist at the Heritage Foundation, discusses the electric vehicle market as more automakers withdraw from EV production. The CEOs of major U.S. automakers Ford and GM said Thursday they are considering a partnership to lower the cost of electric vehicle technology to compete with lower-cost Chinese EVs with an eye on U.S. […]
‘We need to rein them in’: Lawmakers rail against social media CEOs, but is there any regulation in sight?
Washington DC – Lawmakers on both sides of the aisle say big tech CEOs aren’t doing enough to protect children when they use social media, and that platforms need to be reined in to protect children from indoctrination and exploitation. Agreed that there is. Sen. Richard Blumenthal told Fox News, “Tech CEOs have completely and […]
4 takeaways from a heated hearing with tech CEOs
Senators on Wednesday slammed the CEOs of Meta, TikTok, Snap, Discord and X during a heated hearing on the harm done to teens and children online. Meta CEO Mark Zuckerberg and TikTok CEO Shou Zi Chew spoke from a panel primarily focused on how teens and children can be harmed through Facebook, Instagram, and TikTok. […]
Tech CEOs Heavily Questioned Over Failure To Protect Children
(Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images) OAN’s Avril Elfie12:02 PM – Wednesday, January 31, 2024 Top tech executives at social media companies were grilled in a Senate hearing for failing to protect against child exploitation. advertisement On Wednesday, the CEOs of social media platforms Meta, X, TikTok, Snapchat and Discord were grilled at a […]
Big Tech CEOs head to Capitol Hill
Ahead of Wednesday’s hearing, several social media companies announced the following: new initiatives We aim to protect children online. meta, Parent company of Facebook and Instagramannounced the framework for the bill earlier this month, requiring app stores to verify the age of users and require parental approval for downloads by teenagers. Also on Monday, it […]
Pharma CEOs to testify after subpoena threat
Please bring another victory to Sen. Bernie Sanders (I-Vt.). The Senate Support Committee was scheduled to vote on a subpoena for Johnson & Johnson CEO testimony on January 31st. Joaquin Duato and Merck CEO robert davisHowever, Sanders said that is no longer necessary. The two will become CEOs of Bristol-Myers Squibb. chris bernerSanders announced at […]
Sanders targets pharma CEOs to testify in Senate
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Sanders plans to subpoena Merck, J&J CEOs on drug pricing
Sen. Bernie Sanders (I-Vt.), chairman of the Senate Health, Education, Labor, and Pensions Committee (HELP), on Thursday issued subpoenas to the CEOs of Johnson & Johnson and Merck to testify. announced that it would take a vote. He declined a request to appear before a Senate committee after which he discussed drug pricing. The subpoena […]