SILVER SPRING, Md. –Information Immediate– Discovery Education and learning
SILVER SPRING, Md., March 1, 2022 /3BL Media/ – Discovery Education and major social affect companions are giving partaking, no-expense electronic discovering methods to students, teachers, and families to assist Women’s Record Thirty day period observances nationwide. Discovery Education is honoring the outstanding accomplishments of women leaders throughout Women’s Background Month and outside of with STEM-targeted resources encouraging youthful ladies almost everywhere to get to their fullest likely. Discovery Education and learning is the around the globe EdTech chief whose point out-of-the-artwork digital platform supports finding out anywhere it takes position.
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“I educate with the ‘see it, be it mentality.’ I believe we will need to clearly show college students, specially women, that their ideas are valid, and they previously have the ability to make their desires come accurate,” reported Cecilia Wilburn-Davis, a 5th Quality instructor and 2022 Trainer of the Yr at Oakbrook Elementary School of the Dorchester Two School District. “With curated sources from Discovery Instruction and their companions, I can empower my learners right now to grow to be the leaders of tomorrow.”
Educators and learners can come across even extra means in the Discovery Education K-12 mastering system on the Girls in Record Channel and the Encyclopedia Wommanica Channel. Connecting educators to a wide collection of significant-good quality, specifications-aligned content material, all set-to-use digital lessons, intuitive quiz and action generation resources, and qualified mastering resources, Discovery Schooling delivers educators a just lately improved mastering platform that facilitates partaking, everyday instruction in any understanding natural environment.
“Each lady has the creative imagination and electric power to adjust the world, but we want to assist them in their pathway to results. It’s our duty to continually showcase the outstanding ladies out there building the globe greater for all so today’s students can be inspired by the leaders that look like them,” mentioned Beth Meyer, Vice President of Social Effect at Discovery Education.
For additional data about Discovery Education’s electronic methods and experienced studying companies, stop by www.discoveryeducation.com, and remain connected with Discovery Education on social media via Twitter and LinkedIn.
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About Discovery EducationDiscovery Schooling is the globally EdTech chief whose state-of-the-artwork digital platform supports mastering wherever it can take put. Via its award-winning multimedia content, educational supports, and ground breaking classroom instruments, Discovery Instruction allows educators produce equitable studying activities engaging all college students and supporting increased academic achievement on a international scale. Discovery Instruction serves somewhere around 4.5 million educators and 45 million learners around the globe, and its methods are accessed in above 140 nations around the world and territories. Influenced by the global media corporation Discovery, Inc., Discovery Schooling associates with districts, states, and trusted businesses to empower teachers with major EdTech options that guidance the accomplishment of all learners. Discover the potential of training at www.discoveryeducation.com.
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The Facebook Papers, released by a whistle-blower, showed that roughly a third of teenage girls who already felt bad about their bodies said Instagram made them feel worse.Credit…Haven Daley/Associated Press
By Cecilia Kang and Mike Isaac
A bipartisan group of state attorneys general said on Thursday they had opened an investigation into Meta, the company formerly known as Facebook, for promoting its social media app Instagram while knowing of mental and emotional harms caused by the service.
At least 11 states are involved in the investigation, including California, Florida, Kentucky, Massachusetts, Minnesota, Nebraska, New Jersey, New York, Oregon, Tennessee and Vermont, as well as the District of Columbia.
Maura Healey, the Massachusetts attorney general and one of the leaders of the investigation, said the states were examining whether the company’s actions violated state consumer protection laws and put the public at risk.
“Facebook, now Meta, has failed to protect young people on its platforms and instead chose to ignore or, in some cases, double down on known manipulations that pose a real threat to physical and mental health — exploiting children in the interest of profit,” Ms. Healey said.
The move comes after a trove of documents from a former employee detailed research inside of the social media company that suggested teenagers suffered body image issues when using Instagram. The documents, called The Facebook Papers, were shared with journalists in October. The Wall Street Journal first reported on the documents and the issues at Instagram with the help of Frances Haugen, the whistle-blower.
Doug Peterson, the Nebraska attorney general and another leader of the investigation, said the states would examine “the techniques utilized by Meta to increase the frequency and duration of engagement by young users and the resulting harms caused by such extended engagement.”
“When social media platforms treat our kids as mere commodities to manipulate for longer screen time engagement & data extraction, it becomes imperative for state attorneys general to engage our investigative authority under our consumer protection laws,” Mr. Peterson said in a tweet.
The states’ investigation adds to building regulatory pressure on Meta and other giants of Silicon Valley.
Ms. Haugen and public interest groups have filed at least nine complaints to the Securities and Exchange Commission claiming Meta mislead investors about its efforts to protect users from disinformation and hate. The Federal Trade Commission and dozens of states have filed antitrust lawsuits to break up Meta, and members of Congress have also vowed to create privacy, speech and antitrust legislation aimed at reining in the power of Amazon, Apple, Facebook and Google.
Spanning tens of thousands of pages and gigabytes of data, the Facebook Papers show a company struggling to deal with many issues that come as a byproduct of its enormous scale and billions of users, spanning topics like misinformation, addiction and manipulation of users around the world. Much of the information came in the form of detailed reports investigating the issues, laid out by the company’s research division.
Meta has said the research efforts are intended to address the issues they pinpoint, with the aim of improving the company’s products and services.
The documents detail that roughly a third of teenage girls in a survey who already felt bad about their bodies said Instagram made them feel worse. “Comparisons on Instagram can change how young women view and describe themselves,” the documents said.
Meta has disputed the characterization of the initial reporting on Instagram’s issues, saying that the story lacked context, left out vital information and was a poor interpretation of the data obtained by The Journal. The company argued that on 11 of 12 well-being issues, the surveyed teenage girls said that Instagram made them feel “better and not worse.”
“It is simply not accurate that this research demonstrates Instagram is ‘toxic’ for teen girls,” Pratiti Raychoudhury a vice president and head of research at Facebook, said in a company blog post in September.
In a statement on Thursday, a representative for Meta strongly disputed the claims made by the state attorneys general against Instagram.
“These accusations are false and demonstrate a deep misunderstanding of the facts,” said Liza Crenshaw, a spokeswoman for the company. “While challenges in protecting young people online impact the entire industry, we’ve led the industry in combating bullying and supporting people struggling with suicidal thoughts, self-injury, and eating disorders.”
Sean O’Brien claimed victory in his bid to lead the International Brotherhood of Teamsters.Credit…Jessica Rinaldi/The Boston Globe, via Getty Images
The head of a Boston local who urged a more assertive stand toward employers like the United Parcel Service — and an aggressive drive to organize workers at Amazon — declared victory Thursday in his bid to lead the International Brotherhood of Teamsters.
If the result is confirmed, the victory by Sean O’Brien, an international vice president of the Teamsters, would put a new imprint on the nearly 1.4 million-member union after more than two decades of leadership by James P. Hoffa, who did not seek another five-year term.
The outcome appears to reflect frustration over the union’s most recent contract with UPS and a growing dissatisfaction with the tenure of Mr. Hoffa, whose father ran the union from 1957 to 1971.
With about 90 percent of the ballots tallied, Mr. O’Brien had more than two-thirds of the vote in his race against Steve Vairma, a fellow international vice president who had been endorsed by Mr. Hoffa. The election was conducted by mail-in ballots that were due Monday.
Mr. O’Brien, 49, railed against the contract that the union negotiated with UPS — where more than 300,000 Teamsters work — for allowing the company to create a category of employees who work on weekends and top out at a lower wage, among other perceived flaws.
“If we’re negotiating concessionary contracts and we’re negotiating substandard agreements, why would any member, why would any person want to join the Teamsters union?” Mr. O’Brien said at a candidate forum in September in which he frequently tied his opponent to Mr. Hoffa.
Mr. O’Brien has also criticized Mr. Hoffa’s approach to Amazon, which many in the labor movement regard as an existential threat. Although the union approved a resolution at its recent convention pledging to “supply all resources necessary” to unionize Amazon workers and eventually create a division overseeing that organizing, Mr. O’Brien said the efforts were too late.
A group of cryptocurrency fans lost a much-anticipated bid for a rare first printing of the U.S. Constitution at a Sotheby’s auction on Thursday.
The group, ConstitutionDAO, conducted a frenzied, weeklong online crowdfunding campaign to place a bid on the artifact, one of only 13 copies known to exist. It had raised more than $40 million in less than a week for the bid.
The final sale price was $43.2 million, according to a Sotheby’s spokesman. The winner’s identity was not immediately known. Minutes after the gavel, ConstitutionDAO confirmed the loss on Twitter.
“While this wasn’t the outcome we hoped for, we still made history tonight with ConstitutionDAO,” it said, adding that contributors would have their donations refunded, minus fees.
ConstitutionDAO is what’s known as a decentralized autonomous organization, a new type of group that is governed by holders of a cryptocurrency token and enshrines its rules in blockchain-based “smart contracts.” The group was formed last week, and its last-minute effort to raise money for the auction became a cause célèbre among cryptocurrency fans online.
Crypto-collectives have bought high-priced art before, including a Wu-Tang Clan album, “Once Upon a Time in Shaolin,” which was bought by the anonymous investor collective PleasrDAO last month for $4 million. Had it won the auction, ConstitutionDAO would have made the biggest purchase by a DAO, and the first of such a prominent physical artifact.
The copy of the Constitution sold by Sotheby’s previously belonged to Dorothy Goldman, the widow of a New York real estate developer who bought it in 1988 for $165,000. Proceeds from the auction will go to the Dorothy Tapper Goldman Foundation, the auction house said.
The auction on Thursday night produced a frenzy of excitement among ConstitutionDAO participants, with thousands watching a livestream to cheer on the group’s bid. At first, it was not clear whether the winning bidder represented ConstitutionDAO or not, and several people affiliated with the group mistakenly claimed victory.
But after the loss became clear, the mood in the group’s Discord chat darkened. As they talked about getting their money back, some participants began making plans for the future.
“Okay so we didn’t get the Constitution,” one user wrote. “What are we going to bid on now?”
Miky Lee, bottom right, at the 2020 Academy Awards ceremony. Ms. Lee, the vice chair of CJ Entertainment, has been nudging the South Korean company to expand its foothold in Hollywood.Credit…Noel West for The New York Times
The South Korean media conglomerate whose entertainment arm produced the winner of the 2019 Oscar for best picture, “Parasite,” has acquired a majority stake in the scripted arm of Endeavor Content, a subsidiary of the entertainment company Endeavor Group.
Upon closure of the $775 million deal, which was announced late Thursday night, the South Korean conglomerate, CJ ENM, will own 80 percent of the business and the Endeavor Group 20 percent. The companies said they expected the deal to close in the first quarter of 2022.
“At the end of the day, CJ ENM strives to become a major global studio that encompasses content that appeals to a global audience — like this deal with Endeavor Content, we will continue to expand our presence in the global market,” Kang Ho-Sung, the conglomerate’s chief executive, said in a statement.
Endeavor is being forced to reduce its ownership stake in its scripted content business as a result of a settlement this year with the Writers Guild of America, whose writers went on strike to protest what they saw as a conflict of interest at agencies that owned both talent representation businesses and production companies.
Endeavor is not required to sell its unscripted assets and will maintain 100 percent ownership of that business.
Endeavor Content was formed in 2017 by Graham Taylor and Chris Rice. Today, it calls itself a global film and television studio, and it has produced such projects as “Nine Perfect Strangers,” a Hulu mini-series starring Nicole Kidman, and Maggie Gyllenhaal’s directorial debut, “The Lost Daughter.” It owns a minority stake in Bruna Papandrea’s production company, Made Up Stories, in addition to PictureStart and Media Res.
Mr. Taylor and Mr. Rice will remain co-chief executives of the new company.
CJ has been expanding its foothold in Hollywood in recent years. Miky Lee, the vice chair of CJ Entertainment, the Hollywood arm of CJ ENM, rose to the national stage when she accepted the best picture Oscar for “Parasite,” but she was an industry player before then, nudging CJ toward Hollywood in the 1990s with a stake in DreamWorks. Most recently, she invested $100 million in David Ellison’s Skydance Media and was elected vice chair of the board of the Academy Museum of Motion Pictures.
“Having known Miky Lee for more than 25 years, I’m confident that CJ ENM will be excellent stewards of the studio, accelerating and amplifying its projects on a global stage,” Ari Emanuel, the chief executive of Endeavor, said in a statement.
CVS operates more than 9,900 retail stores in the United States.Credit…Nicole Craine for The New York Times
CVS will close about 300 stores a year in the next three years, the company said on Thursday, as the pharmacy chain focuses on offering more health care services and expanding its digital services.
The closures, which will affect about 9 percent of the company’s stores, are part of an effort to realign its retail strategy, CVS said in statement on its website.
The company operates more than 9,900 stores in the United States, according to its website. A CVS spokesman said the company did not expect CVS pharmacies in Target stores to be affected.
“We remain focused on the competitive advantage provided by our presence in thousands of communities across the country, which complements our rapidly expanding digital presence,” said Karen S. Lynch, the president and chief executive of CVS Health.
CVS is aiming to remake many of its stores. Some will offer primary care services, and others will offer broader health care services than standard pharmacies, such as treatment for diabetes. The company will also maintain traditional CVS stores, which provide prescription services and health products.
“Hybrid models really took off during the pandemic, including rapid delivery services, curbside pickup and buy online/pick up in-store,” said Ted Rossman, a senior analyst at Bankrate.com. “Those approaches could be particularly advantageous for CVS.”
CVS said earlier this month that about 70 percent of CVS Pharmacy customers were enrolled in its text messaging program.
“We continue to modernize our operating systems and enhance the integration of pharmacy models, simplifying consumer interactions and driving further engagement with our customers,” Ms. Lynch said during the company’s earnings conference call on Nov. 3.
It’s the latest investment deal for Oprah Winfrey and Reese Witherspoon, whose financial backing is valued as a stamp of approval for consumer brands.Credit…John Salangsang/Invision, via Associated Press
Oprah Winfrey, Reese Witherspoon and the Bumble founder Whitney Wolfe Herd are joining Blackstone in investing in Spanx, the DealBook newsletter was first to report. Blackstone closed its deal to acquire a majority stake in the shapewear brand that values it at $1.2 billion on Thursday.
Founded more than 20 years ago, Spanx has become synonymous with the foundation garments it sells. Ms. Winfrey helped put the brand on the map in its early days when in 2000 she named Spanx her favorite product of the year. (Sara Blakely, Spanx’s founder, said Ms. Winfrey had earlier validated her business idea when the talk show host told the audience one day that she cut the feet off her pantyhose.)
“I’m happy to be part of the evolution,” Ms. Winfrey said about the brand in a statement.
It’s the latest investment deal for Ms. Winfrey and Ms. Witherspoon, whose financial backing is valued as a stamp of approval for consumer brands. The TV and film stars are also familiar partners for Blackstone. Ms. Winfrey invested alongside Blackstone in Oatly, the oat milk brand, which went public this year. Blackstone also recently acquired Ms. Witherspoon’s Hello Sunshine production studio, adding her to the board of its parent media company. Ms. Wolfe Herd’s Bumble, a dating app, was acquired by Blackstone in 2019 before going public this year.
Ms. Winfrey, Ms. Witherspoon and Ms. Wolfe Herd are investing in Spanx directly, outside any Blackstone fund. They were also joined by the investment funds G9 Ventures and Able Partners.
Blackstone and Spanx had previously said they intended to create a board comprising only women. Ms. Blakely, who put the company up for sale this year without ever having taken on outside investment, is keeping a significant equity stake in the business.
“In addition to developing a remarkable product and business that literally supports women every day, Sara has become a role model for leveraging your success to elevate other women,” Ms. Witherspoon said in a statement.
Saule Omarova appearing in 2018 before the Senate Banking Committee, which conducted her confirmation hearing on Thursday.Credit…Senate Committee on Banking, Housing, and Urban Affairs
Republican senators took turns describing her as a communist, a socialist and a radical on Thursday, but it was the circumspect stance of moderate Democrats that spoke loudest about Saule Omarova’s prospects for becoming one of the country’s top banking regulators.
Ms. Omarova, President Biden’s pick to lead the Office of the Comptroller of the Currency, has faced steep opposition from industry groups and Republican lawmakers, with critics at times suggesting that her birthplace — the former Soviet republic of Kazakhstan — and her education in Moscow were reason to be suspicious of her.
During Thursday’s hearing to consider her confirmation, she sought to fend off critics on the Senate Banking Committee by declaring her devotion to American capitalism. “I fell in love with this country and its people from Day 1,” she said, praising the United States’ “dynamic and diverse markets.”
Ms. Omarova, a Cornell Law School professor, worked with banks as a lawyer at the white-shoe firm Davis Polk & Wardwell and was a policy adviser in the Treasury Department during the presidency of George W. Bush. But in her academic career she has explored ideas that would amount to sweeping overhauls to the structure of the financial system, including a plan she sketched out to let the Federal Reserve provide bank accounts to small-time customers using its own digital currency.
Ms. Omarova has also proposed a new infrastructure investment authority that would pair private money with government input to fund projects that companies might not deem profitable on their own, and she has often denounced the way banks and their leaders keep spoils of boom times for themselves, then turn to the public for bailouts when things go wrong.
In her testimony, Ms. Omarova said that her writings were intended to be “part of an ongoing academic debate” and that it was not right for readers of her work to assume she was endorsing every idea she explored. But Republicans on the committee said her writings were proof of her desire to nationalize the banking industry, bankrupt fossil fuel companies and take control of private investment decisions.
Some Democrats were only slightly less critical. Two moderate Democrats, Senators Mark Warner of Virginia and Jon Tester of Montana, said they were troubled by Ms. Omarova’s opposition to a 2018 bill they had supported, which loosened some restrictions on banks imposed by the 2010 Dodd-Frank Act. Senator Sherrod Brown, an Ohio Democrat and the committee’s chairman, asked whether Ms. Omarova had objected to the 2018 bill only because it also created new loopholes for the biggest banks. Ms. Omarova replied, “That was my sole objection.”
The hearing ended with neither Mr. Warner nor Mr. Tester having given a strong sign of support for Ms. Omarova, who needs the committee’s approval before facing a full Senate vote.
Senators spent most of the hearing asking Ms. Omarova about her writings and opinions on legislation, offering only a handful of questions about how she would run the O.C.C. The agency, which has nearly 3,500 employees, oversees nationally chartered banks including JPMorgan Chase, Bank of America and Wells Fargo.
The office’s next leader will be expected to help carry out Mr. Biden’s stated mission to get the financial industry to help combat economic inequality and climate change. That person will also play a crucial role in offering lenders clarity on how they can participate in cryptocurrency markets and will most likely have to help draft new rules for a decades-old anti-redlining law, the Community Reinvestment Act.
Ms. Omarova’s path to confirmation never looked easy. Soon after her nomination, bank lobbyists began an unusually strident campaign against her, citing in particular her education under Soviet rule.
Mr. Brown, the committee chairman, described such attacks as “McCarthyism.” But some Republicans on the committee, including the party’s highest-ranking member, Senator Pat Toomey of Pennsylvania, kept up that line of attack during the hearing.
“My concern with Professor Omarova is her long history of promoting ideas that she herself describes as ‘radical,’” Mr. Toomey said. “I agree that they are radical. But I’d also describe them as socialist.”
Senator John Kennedy of Louisiana said to Ms. Omarova: “I don’t know whether to call you ‘professor’ or ‘comrade,’” prompting someone else in the room to whisper: “Oh, my goodness.”
Ms. Omarova repeatedly stressed her allegiance to the United States and American capitalism. In response to questions about why she had said the way to combat climate change was to “starve” the fossil fuel industry of capital, Ms. Omarova called the industry “a very important part of the economy” and added that she had no intention of bankrupting it. She also professed strong support for community banks, which she said could find “no better or stronger ally” than her.
Ms. Omarova also described growing up with a grandmother who had been orphaned when Stalin sent her family to Siberia for refusing to join the Communist Party, and called the government during her childhood an “oppressive state-run system, with no free enterprise and no economic opportunity for people like me.”
Her ultimate dream, she told the committee, became “coming to America — the land of opportunity and freedom.”
Senator Elizabeth Warren’s office found that a 15 percent minimum tax would require companies such as Amazon, FedEx, Google, Facebook, General Motors, T-Mobile and Verizon to pay more to the U.S. government.Credit…Stefani Reynolds for The New York Times
At least 70 of the largest companies in the United States would pay more in taxes under a new minimum tax that Democrats are proposing as a way to pay for the spending bill moving through Congress, according to an analysis released on Thursday by Senator Elizabeth Warren, Democrat of Massachusetts.
The report offered a first look at which companies could face higher tax bills under the proposal, which calls for enacting a 15 percent minimum tax on companies that report more than $1 billion in profit to shareholders, even if they have zero federal tax liability. The plan is included as a source of revenue in a $1.85 trillion social policy and climate bill that President Biden is trying to push through Congress.
The new tax would apply to the so-called book income that companies report to their shareholders but not to the Internal Revenue Service. Many profitable companies are able to reduce or eliminate their tax liability through the use of tax credits, deductions and previous losses that can carry over.
The book tax aims to raise money from companies without increasing the 21 percent corporate tax rate. Mr. Biden originally pledged to raise the corporate tax rate to 28 percent, but moderate Democrats have resisted that proposal.
The report by Ms. Warren found that the tax would require companies such as Amazon, Facebook, FedEx, General Motors, Google, T-Mobile and Verizon to pay more to the U.S. government. A recent report by the Joint Committee on Taxation determined that the proposal would generate $319 billion over 10 years.
“Giant corporations have figured out how to game the system so that the costs of running this country are borne by hardworking families while these big corporations scoop up all of the profits and pay little or nothing in taxes,” Ms. Warren said in an interview. “It’s time to put a stop to that.”
Ms. Warren’s office used data compiled by the nonpartisan Institute on Taxation and Economic Policy on publicly traded companies in the Fortune 500 and S&P 500. The analysis considered “taxes paid” as a company’s current income tax expense, or how much it paid in U.S. federal taxes and foreign taxes in 2020.
According to Ms. Warren’s analysis, Amazon was able to reduce its tax rate to 11.5 percent rather than 21 percent in 2020. The company would have paid $836 million more in federal and foreign income taxes had the minimum tax been in place, according to her analysis. Amazon declined to comment.
The report also found that FedEx had a 7.2 percent effective tax rate and, if the new tax were in place, would have paid $518 million more in taxes in 2020. FedEx said that the analysis was “premature” and that it paid all of the taxes it owed.
“Until there are clear details on the calculation of this proposed corporate minimum tax, it is premature to assume or estimate how the tax would apply to specific companies,” Chris Allen, a spokesman for FedEx, said in a statement.
Opponents of the new tax have expressed concerns that it would give more control over the U.S. tax base to the Financial Accounting Standards Board, an independent organization that sets accounting rules.
The group also warned that, under the proposal, companies were likely to report smaller profits to their shareholders in order to lower their tax bills. They suggested that the idea of using book income as an alternative tax base was overly complex.
“It would be cleaner and simpler to just fix the tax code if there are perceived problems with the tax system,” they wrote.
The Manhattan flagship store of Macy’s, which said its third-quarter sales were up 37 percent from a year earlier.Credit…Jeenah Moon for The New York Times
Macy’s, the beleaguered department store chain, reported rosy third-quarter sales on Thursday and raised its sales and earnings forecast for the year, in a positive signal for retailers that struggled during the pandemic.
The company said its sales for the three months that ended on Oct. 30 were $5.4 billion, and it posted a net profit of $239 million. Comparable sales rose 37 percent from the same period last year and about 9 percent from 2019. Macy’s noted that a Friends and Family event fell into the third quarter this year from the fourth quarter in 2019.
Retail sales overall jumped 1.7 percent in October, the third monthly increase, the Commerce Department said Tuesday, a sign of the strength of the U.S. economic recovery from pandemic restrictions. Walmart and Home Depot each reported quarterly earnings this week that topped Wall Street’s expectations.
Retailers like Macy’s, which also owns Bloomingdale’s and Bluemercury, are benefiting as customers resume social activities and gear up for a busier holiday season than last year, when the country was in the depths of the pandemic and before vaccines were widely available.
The company said its downtown stores had yet to recover as tourism remained depressed and many office workers continued to work remotely.
The company, which is trying to accelerate its digital sales, separately said on Thursday that it would introduce an online marketplace next year with third-party merchants.
Alibaba attributed its weak earnings in part to tougher competition for Chinese shoppers.Credit…Aly Song/Reuters
Alibaba, China’s biggest e-commerce company, reported its slowest sales growth in a year and a half on Thursday, the effect of Beijing’s regulatory clampdown on internet giants and tough competition from rival online retail destinations in China.
On a conference call with analysts, Alibaba’s chief executive, Daniel Zhang, also blamed “economic headwinds” for the weak results. China’s economic growth was slower in the July-to-September period than in the quarter before.
Retail sales growth has been bumpy. Alibaba’s revenue for the latest quarter increased 29 percent from a year earlier. Profit shrank by 81 percent, which the company attributed to increased spending on newer businesses such as its Lazada shopping platform in Southeast Asia.
Other factors depressing Alibaba’s earnings relate to the Chinese government’s campaign to stop internet companies from behaving in ways it considers unfair or anticompetitive. In April, the country’s antitrust regulator fined Alibaba a record $2.8 billion for restricting the merchants on its virtual bazaars from selling on other platforms.
Two days later, Alibaba pledged to go further to help those merchants by lowering the fees it charges them and by spending on new services for them. Income from such fees — Alibaba’s largest source of revenue — grew just 3 percent in the latest quarter, in part because of the initiatives. The company’s increased spending to support vendors also crimped its profit.
As overall economic growth slows in China, Alibaba is having to compete more fiercely for customers against both old foes such as JD.com and Tencent’s WeChat social platform and newer apps like Pinduoduo and Douyin, the Chinese version of TikTok.
Order volume from Alibaba’s annual Singles Day shopping bonanza, which ended last week, grew 8.5 percent from last year, a slower rate of increase than in years past. JD.com, by contrast, reported 29 percent growth in order volume during this year’s Singles Day event.
Elizabeth Holmes, center, with her partner, Billy Evans, and her mother, last month. Ms. Holmes has pleaded not guilty to multiple counts of wire fraud and conspiracy to commit wire fraud.Credit…John G Mabanglo/EPA, via Shutterstock
In the first 11 weeks of the trial of Elizabeth Holmes, who founded of the blood-testing start-up Theranos, jurors have heard from only about 25 witnesses in proceedings that have been mired by delays, including a coronavirus scare, a broken water main and technical issues.
Despite the interruptions, the trial has pressed forward. Jurors are being asked to decide whether Ms. Holmes, 37, misled investors by appealing to their egos and withholding crucial information or whether investors simply failed to do their due diligence, ignoring red flags as they poured money into the Silicon Valley start-up.
Ms. Holmes has pleaded not guilty to multiple counts of wire fraud and conspiracy to commit wire fraud. Prosecutors have said they are likely to rest their case against her this week.
Here are some highlights from the prosecution’s case so far:
Sept. 14: Erika Cheung, a key whistle-blower, testified that she had joined Theranos because she was dazzled by Ms. Holmes’s charisma. “She was very articulate and had a strong sense of conviction about her mission,” Ms. Cheung said of Ms. Holmes.
Ms. Cheung eventually resigned over her misgivings about Theranos’s testing services. “I was uncomfortable processing patient samples,” she said. “I did not think the technology we were using was adequate enough to be engaging in that behavior.”
Sept. 22: James Mattis, the retired four-star Marine Corps general and former defense secretary under President Donald J. Trump, said he was excited by the prospect of the military using Theranos’s blood analyzers. He joined the company’s board but became disillusioned, testifying that Ms. Holmes had not been forthcoming with Theranos’s directors about the problems.
“We were unable to help her on the fundamental issues that she was grappling with if we only saw them in the rearview mirror,” Mr. Mattis said.
Sept. 28: Dr. Adam Rosendorff, a former lab director at Theranos, emerged as a key witness for the prosecution, providing greater detail about the range of problems and patient complaints. He said Ms. Holmes had been aware of his concerns but pressed forward with Theranos’s commercial launch anyway.
In his testimony, he said he became increasingly uncomfortable with the failure rate of Theranos’s blood-testing machines and the volume of physician complaints about inaccurate test results. “The company was more about P.R. and fund-raising than patient care,” he said.
U.S. stocks rose on Thursday, with the S&P 500 rebounding from Wednesday’s losses. The benchmark index edged up 0.3 percent, while the Nasdaq composite gained 0.5 percent.
Retailers have been posting their quarterly financial performance reports this week, signaling strong profits and optimistic forecasts. Several retailers reported grappling with a tight labor market and a snarled supply chain.
Shares of Macy’s jumped more than 21 percent after the company reported in its quarterly earnings report on Thursday that its profit grew to $239 million in the three months ending in October, compared with a $91 million loss during the same period last year. Kohl’s reported that sales grew 15.5 percent during its third quarter.
Alibaba shares fell more than 11 percent after the company reported its slowest sales growth in a year and a half on Thursday, attributing it to Beijing’s regulatory clampdown on internet giants. The Chinese e-commerce giant said in its quarterly earnings report that profit shrank by 81 percent.
Shares of Nvidia rose more than 8 percent after the tech company reported on Wednesday that its revenue climbed 50 percent to $7.1 billion compared with the same period last year.
The Labor Department reported on Thursday that initial claims for state jobless benefits fell to 268,000 last week, down 1,000 from the previous week. “Initial claims should continue to gradually work their way back toward prepandemic levels as employers facing shortages of workers will likely keep layoffs to a minimum,” Nancy Vanden Houten, lead economist at Oxford Economics, wrote in a note on Thursday.
European stock indexes dipped, with the Stoxx Europe 600 down 0.5 percent.
Apple has pushed back its return-to-office plans to Feb. 1, according to an internal memo circulated at the company. Apple will begin a “phased approach,” asking small teams to return to the company’s global offices one to two days a week for four weeks before ramping up to three days a week, with the option to work remotely on Thursday and Friday.
The company also said it had doubled its remote work policy to four weeks a year, saying that it would allow employees to travel, see friends or family or “shake up their routines.”
Six smaller organization proprietors who have shown a motivation to diversity, equity, and inclusion are between the recipients
PHILADELPHIA, Nov. 19, 2021 /PRNewswire-PRWeb/ — The Aresty Institute of Govt Education of the Wharton University of the University of Pennsylvania has announced the 2021 winners of the freshly-released Know-how for Impact Award. Supporting modest small business house owners whose profession paths reflect variety and inclusion, the award represents an investment decision in talented business people from across the U.S. The winners span business kinds from a Southern-design baked items enterprise, to an organization that improves diet and exercise among the low-money youth, to a method that readies gurus of shade for corporate board support.
The award enables 6 business people for each tutorial calendar year to go to an impending Wharton Govt Education and learning stay on the web method at no charge. The courses will enable individuals obtain higher-stage enterprise and interpersonal abilities as properly as simple resources in finance, accounting, negotiations, technique, and management. They include Business Necessities for Executives, Finance and Accounting for the Non-Money Supervisor, Negotiation and Impact: Producing Promotions and Method Work, and The Adaptable Leader: Major in a Digital Planet.
“It is our pleasure and privilege to identify the inaugural winners of the Knowledge for Effect Award,” stated Wharton Executive Instruction Vice Dean Jagmohan S. Raju. “These modern business owners are an amazing team who have conquer troubles and established their determination to range, equity, and inclusion in their experienced and personalized life. We sincerely hope they come across this understanding option of reward. Additionally, we are happy to say that the award demonstrates our commitment to escalating variety in Wharton’s programming and lecture rooms.”
The youngster of a Palestinian-Israeli father and a Korean mom, Abuelhiga grew up in Maryland viewing her immigrant dad and mom do the job difficult at their compact have-out restaurant and benefit keep. The loved ones ate Southern cooking at property, which influenced Abuelhiga to get started the Mason Dixie Biscuit Company in 2014. Her popup restaurant in Washington D.C. drew enthusiastic crowds and in 2017, she was picked out as a “Major 10 Innovator” by the Washington Small business Journal. Nowadays Mason Dixie Foods’ frozen baked goods are carried at 8,000+ shops such as Complete Foods Industry, Goal, Publix, and Costco.
Valencia Belle – Owner, VB Strategies, LLC, Cellular, AL
Valencia Belle is the principal analysis guide and operator of VB Strategies, LLC, which focuses on maximizing educational prospects for marginalized students seeking occupations in science, health care, and engineering. In 2015, she introduced the S.C.H.O.O.L.S. Plan (“Achievements Can Happen Out Of Minimal Scores”), an Educational Enrichment and Supplemental Education Services Company. The business gives ACT Prep, STEM tutoring, and “wrap-around” educational coaching products and services to boost graduation and university acceptance charges. The same yr, Belle also designed the JEM Students Plan (Jumpstart to English and Math), delivering twin enrollment chances for both equally substantial school pupils and college student-athletes to boost their faculty readiness.
Yolette Bonnet – Founder and CEO, FoundCare, Inc., Palm Springs, FL
Yolette Bonnet is the founder and CEO of FoundCare, Inc., a nonprofit federally competent health centre that delivers adult and pediatric key care expert services to people today and households in Palm Seashore County. It serves as a one particular-stop-store for all those in will need no matter of their potential to shell out. FoundCare was included in 2002 and now has 6 places in the location. In 2006, Bonnet obtained a Robert Wood Johnson Foundation Group Wellness Leaders Award. Fully commited to humanitarian function both in the United States and abroad, she dedicates a single week every yr to accomplishing missionary get the job done in Haiti.
Lynne Kunins – Founder, President, and CEO, FLIPANY (Florida Introduces Bodily Activity & Nourishment to Youth), Fort Lauderdale, FL
Immediately after developing a prosperous “open fitness center” plan for youngsters of dad and mom in prison, Lynne Kunins turned progressively informed of the unwell outcomes that lousy nutrition and deficiency of bodily instruction experienced on all small children. She founded FLIPANY in 2005 with the perseverance to foster as numerous wholesome lives as attainable by FLIPANY’s inter-linked plans: immediate accessibility to healthy food, diet training, and mentored physical exercise. The award-winning non-gain firm presently assists youth, families, and seniors in underserved parts of Florida, collaborating with much more than 450 group facilities and social assistance organizations to assure everyone has accessibility to a wholesome lifestyle.
Sulaiman Rahman – Founder and CEO, DiverseForce, Philadelphia, PA
DiverseForce evolved out of Sulaiman Rahman’s lots of several years of organizational and civic management. Established in 2017, DiverseForce is a human cash solutions firm that specializes in the recruitment, retention, and advancement of prime diverse expertise. Rahman’s organization has also partnered with the University of Pennsylvania to acquire DiverseForce On Boards, a leadership development method that prepares higher-carrying out experts of shade to provide far more properly on governing boards. The program’s results has attracted around 300 board matching companions and support from the general public and private sectors. Rahman was awarded the President’s Gold Volunteer Support Award by the Obama administration in 2016.
Co-started in 2000 by spouse-and-wife crew Winfred and Garnetta Sanders, Neta Scientific is a foremost distributor of laboratory supplies, alternatives, and security products and solutions to the lifetime science and pharmaceutical industries as well as larger training. Extra not too long ago it has diversified into furnishing support and capital. It stays a spouse and children-owned and operated business enterprise. Neta Scientific’s mission is to “give our consumers accessibility to a strong catalog of entire world-main makes to more properly carry out chopping-edge analysis and improvement.” The company has been given both federal and state certifications such as MBE (Minority Business Enterprise), SDB (Little Assorted Business enterprise), and WOSB (Women-Owned Small Business).
### About the Wharton College Started in 1881 as the world’s to start with collegiate business faculty, the Wharton College of the University of Pennsylvania is shaping the upcoming of business by incubating concepts, driving insights, and generating leaders who modify the earth. With a school of far more than 235 renowned professors, Wharton has 5,000 undergraduate, MBA, executive MBA, and doctoral college students. Every single year 13,000 experts from all-around the environment advance their occupations through Wharton Govt Education’s specific, organization-personalized, and on-line courses. A lot more than 100,000 Wharton alumni sort a strong world community of leaders who transform enterprise every working day. For far more info, take a look at http://www.wharton.upenn.edu.
Media Call
Eleena de Lisser, Wharton Govt Instruction, 2158987239, eleena@wharton.upenn.edu
SILVER SPRING, Md. –News Immediate– Discovery Training
SILVER SPRING, Md., November 3, 2021 /3BL Media/ – Discovery Training and leading social influence associates are offering partaking, no-expense electronic studying methods to pupils, academics, and family members to help Countrywide STEM Day observances nationwide. Held on a yearly basis on November 8th, Nationwide STEM Working day unites communities in celebrating the relevance of educating science, engineering, engineering, and math to college students in grades K-12. Discovery Education is the around the world EdTech chief whose condition-of-the-art electronic system supports finding out wherever it takes position.
Discovery Training features educators, pupils, and family members hundreds of no-price tag resources customized to STEM educating and understanding where it requires put. Amongst the content are resources from educational initiatives created in collaboration with leading social effect associates, this kind of as:
STEM Careers Coalition™ – A coalition of field associates – such as Caterpillar Foundation, ASME, Procter & Gamble, Microsoft, Boeing, American Petroleum Institute, Chevron, and Stanley Black & Decker – collaborates with Discovery Schooling to make a lifestyle of STEM schooling in K-12 universities nationwide. By empowering educators to train STEM effectively in the classroom and fostering fairness and access to quality instruction, the STEM Careers Coalition™ is developing the subsequent technology of answer-seekers. Between the new methods now accessible to educators, parents, and families are a series of afterschool and article-secondary assets. Created in partnership with business leaders, these resources further more guidance teachers’ initiatives to integrate STEM educating and mastering into instruction with completely ready-manufactured functions that includes stage-by-stage educator guides suitable for the classroom, the remote natural environment, or wherever learning is using spot.
Dig Into Mining – By Dig Into Mining – The Tale of Copper, parents and lecturers can entry dynamic no-expense applications that are aligned to standards and developed to aid pupils acquire key STEM, significant pondering, and challenge-fixing expertise. Students in grades 6-12 will check out how metals these kinds of as copper are made use of in each day lifestyle.
3M Youthful Scientist Lab – Change to easy, ready-to-use experiments from the 3M Youthful Scientist Lab – a method from 3M and Discovery Schooling to foster a new technology of scientists who are inspired to enhance the earth with science. Obstacle kids to benefit from prevalent house goods to reinforce core scientific principles. From engineering with marshmallows to chemistry with baking soda, you can support inspire STEM remedy seekers geared to alter the earth even though also sharing a snicker.
Women4Tech – Ladies4Tech is Mastercard’s signature STEM plan for center and substantial faculty girls to encourage and excite ladies to go after STEM. Girls4Tech allows educators carry a clean new perspective to critical genuine-world troubles in cyber with palms-on interactives and empowering profession profiles. The new Online video Topic Collection normally takes STEM from principle to practice, discovering issues like cybersecurity in daily lifestyle and the means that synthetic intelligence can be employed for social great.
Siemens STEM Day – Made for students in grades K-12, these classroom activities from Siemens STEM Working day – a method from Siemens and Discovery Training – carry science, technology, engineering, and math to life within and outdoors the classroom. A new choice of 10 activities empowers college students to discover essential STEM matters like producing, vitality, and information know-how.
“I really like connecting my college students to interesting STEM prospects and activities that enable them start wondering like alternative seekers,” claimed Jodi Doster, a Science and Artwork Instructor in the Bristol Bay Borough College District of Alaska. “With written content from Discovery Education and their social effect companions, I know I have access to substantial-top quality and specifications-aligned methods curated to their interests and finding out models.”
Find out even a lot more electronic sources on the STEM Occupations channel in the Discovery Education K-12 finding out system. The STEM Professions channel capabilities content material such as occupation profiles, college student activations, classroom actions, virtual subject trips, and extra highlighting a extensive range of intriguing STEM professions. Each month, Discovery Education provides hundreds of new resources—from all set-to-use activities to immersive films and Virtual Industry Journeys to podcasts and curated channels. Each and every source is culturally reliable, displays the diversity of today’s world, and contains embedded supports, like closed captioning, textual content-to-speech, and language translations.
“Connecting students to the environment about them is the essential to unlocking their complete prospective. As a former classroom teacher, I know initial-hand how STEM fosters college student engagement by connecting college students to the entire world outside the classroom. In partnership with these corporations, we are serving to all educators establish learning experiences that interact just about every college student in STEM ordeals rooted in the ‘real world’ no issue exactly where their understanding can take area,” said Amy Gensemer, Senior Director for K-12 Electronic STEM Instruction at Discovery Schooling.
For extra information about Discovery Education’s electronic means and expert studying services, go to www.discoveryeducation.com, and stay linked with Discovery Education and learning on social media by way of Twitter and LinkedIn.
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About Discovery EducationDiscovery Education and learning is the worldwide EdTech chief whose point out-of-the-artwork electronic system supports understanding anywhere it normally takes area. By its award-successful multimedia written content, tutorial supports, and innovative classroom instruments, Discovery Instruction helps educators supply equitable learning encounters participating all college students and supporting higher tutorial accomplishment on a world-wide scale. Discovery Training serves somewhere around 4.5 million educators and 45 million students around the world, and its methods are accessed in in excess of 140 nations and territories. Motivated by the worldwide media company Discovery, Inc., Discovery Instruction partners with districts, states, and reliable companies to empower academics with foremost EdTech alternatives that aid the accomplishment of all learners. Discover the long run of schooling at www.discoveryeducation.com.
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