MicroStrategy soars 6% to hit highest stock price since March
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MicroStrategy began investing in Bitcoin in 2020 and has amassed 252,220 Bitcoin worth $16 billion.
https://fortune.com/crypto/2024/10/08/microstrategy-soars-6-to-hit-highest-stock-price-since-march/
Hurricane Milton could cause up to $100 billion in losses, Wells Fargo estimates
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Insured losses could be anywhere between $10 billion and $100 billion, according to the bank, but its base-case scenario is $20 billion.
https://fortune.com/2024/10/08/hurricane-milton-billion-of-dollars-losses-insurers/
Hugging Face cofounder Wolf says open-source AI’s benefits far outweigh its risks
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Open-source models are the antidote to today's concentration of power in AI technology, Wolf says.
https://fortune.com/2024/10/08/hugging-face-cofounder-wolf-open-source-ai-benefits-risks/
Roblox tumbles as Hindenburg bets against gaming platform
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Hindenburg said in its report that Roblox has inflated key metrics and alleged that it doesn’t have sufficient safety screens.
https://fortune.com/2024/10/08/roblox-short-sale-stocks-tumble-lowest-level/
AI firm Super Micro surges 20% despite short-seller allegations, reported DOJ probe
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Shares of the manufacturing company recovered after Super Micro reported that it would be shipping more than 100,000 GPUs per quarter.
https://fortune.com/2024/10/08/super-micro-ai-short-selling-doj-hindenberg-stock-price/
Forget expensive coaches, Paul Hudson, CEO of Sanofi turns to his three children for advice: ‘Through their eyes I get a glimpse into what the future looks like for the next generation’
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Today we meet with British CEO Paul Hudson to find out how he plans to build the Sanofi of tomorrow.
https://fortune.com/europe/2024/06/20/ceo-agenda-paul-hudson-ceo-pharma-sanofi/
What businesses can expect in a Kamala Harris presidency
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The vice president hasn’t done much to woo Big Business, but many executives would still rather take their chances with her than the alternative.
https://fortune.com/2024/09/30/kamala-harris-donald-trump-economy-debt-ftc-tax/
Martha Sazon leads the Philippines-based finance superapp GCash with a majority-female 94 million user base
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Sazon's success with GCash has earned her the No. 38 spot on Fortune’s Most Powerful Women Asia list.
https://fortune.com/asia/2024/10/07/martha-sazon-gcash-philippines-finance-women-leadership/
Spirit Halloween will become Spirit Christmas in some cities
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Cue the memes.
https://fortune.com/2024/10/08/spirit-halloween-christmas-spinoff/
After selling a company for billions, a self-made entrepreneur said her story wasn’t finished—‘I needed another act in my life’
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Black Entertainment Television cofounder Sheila Johnson kept investing in communities and building new businesses after selling her media empire for billions.
Older adults should get their flu shots now. Here’s why they also need stronger vaccines
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Two flu vaccines are FDA-approved exclusively for people 65 and older, who are at higher risk of severe infection.
https://fortune.com/well/article/high-dose-adjuvanted-flu-vaccine-seniors-65-older/
RSV can be deadly, especially for older adults. What to know about symptoms and the new vaccine
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About 6,000 to 10,000 people 65 and older die from RSV in the U.S. annually, the CDC says.
https://fortune.com/well/article/rsv-vaccine-seniors-older-adults-pfizer-moderna-gsk/
Temu targets Amazon Fire TV streaming gadgets with $4 remote
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Temu is selling Alexa-activated remote controls that are compatible with Amazon’s Fire TV Stick for as little as $4.
https://fortune.com/2024/10/08/temu-amazon-fire-stick-sales-4/
Hurricane Milton is already mucking up professional sports, canceling games and throwing schedules out of whack
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Milton, a Category 5 hurricane, is expected to hit Florida in the next 24 hours.
Chinese investors pivot to stocks with potential repercussion for Tether
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USDT or Tether is the dominant cryptocurrency in China despite widespread bans.
Spotify’s HR chief says remote staff aren’t ‘children’ as company reaffirms work-from-anywhere policy
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Spotify isn’t planning to follow Amazon and scrap its “work from anywhere” policy, but its HR chief admitted remote work isn’t ideal.
https://fortune.com/europe/2024/10/08/spotifys-hr-chief-remote-staff-flexible-work-policy/
Domino’s free Emergency Pizza giveaway is coming back
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Promotion will run through Jan. 19.
https://fortune.com/2024/10/08/dominos-free-emergency-pizza-2024/
AI pioneers Geoffrey Hinton and John Hopfield win Nobel Prize for physics
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It's the first time that a Nobel Prize has been awarded to the field of AI.
A London airport built to serve corporate jet-setters is having an identity crisis as WFH slashes business travel
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“It’s becoming quite difficult to work out who is a business traveler," London City Airport CEO Alison FitzGerald said.
Dave Clark made Amazon a logistics powerhouse. Now he’s raised $100 million to help Fortune 500s perfect their supply chains too
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The former CEO of Amazon's consumer business has founded Auger, an AI-powered startup aiming to build the modern supply chain OS.