Musk's backing of Trump sees Tesla's value rise above the trillion dollar mark<\/a><\/li><li class=\"c-widget-related__item\"><a class=\"c-widget-related__article\" href=https://www.euronews.com/"https:////www.euronews.com//business//2024//11//19//tesla-shares-surge-on-hopes-for-self-driving-rules-relaxation/">Tesla shares surge on hopes for self-driving rules relaxation<\/a><\/li>\n <\/ul>\n<\/div>\n\n\n<p>Last month, President-elect Donald Trump's transition administration team reportedly prioritised establishing a new federal framework for self-driving car regulation at the Transportation Department. According to a record by Bloomberg, \"an Act of Congress would clear the way for mass adoption of self-driving cars\". This will pave the way for Tesla's focal growing business Robotaxi, backed by its Full Self Driving technology.\u00a0<\/p>\n<p>As stated by Musk at the \"We, Robot\" event on 10 October, Tesla's Cybercab business could increase its market cap to $5tn (\u20ac4.8tn), although he did not give a timeframe. In June, Cathie Wood's ARK Invest estimated that about 90% of Tesla's enterprise value and earnings will be attributed to the robotaxi business in 2029. ARK Invest funds are known for providing broad exposure to disruptive innovation, with an analyst predicting Tesla\u2019s share price to hit $2,600 (\u20ac2,484) by 2029.<\/p>\n<p>Another potential benefit Tesla could benefit from the incoming Trump administration is the possible removal of subsidies for electric vehicles in the US. While this sounds negative for Tesla, which received $739m (\u20ac707m) in regulatory credit in the third quarter, the company would remain profitable even without the subsidy, unlike some other small local competitors that have relied on government support. Ironically, this could enhance Tesla's competitiveness.\u00a0<\/p>\n<h2><strong>Tesla's core business remains robust<\/strong><\/h2><p>It is worth noting that Tesla's share surge was not solely due to Trump's election victory. Tesla's share price hit a trough and rebounded after it released strong third-quarter earnings. On the reporting day on 22 October, the company's shares surged 12%, and have extended their uptrend since.\u00a0<\/p>\n<p>Tesla's core automotive revenue grew by 2% year-on-year, returning to growth after declines in the previous two quarters. Total revenue rose by 8% year-on-year, marking the strongest growth in a year. Elon Musk anticipates that automotive deliveries will increase by 20%-30% in 2025, signalling a rebound in demand for electric vehicles. Tesla delivered 462,890 electric vehicles in the third quarter, a 6.4% year-on-year increase and a return to growth after two consecutive quarterly declines. This was also the highest third-quarter figure and the third-largest quarterly total in the company's history.<\/p>\n","hashtag":null,"createdAt":1734074479,"updatedAt":1734078395,"publishedAt":1734076121,"firstPublishedAt":1734076121,"lastPublishedAt":1734078395,"expiresAt":0,"images":[{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Jay Janner\/Austin American-Statesman","altText":"File picture: Tesla CEO Elon Musk speaks at the \"Cyber Rodeo\" grand opening celebration of its Tesla Giga Texas manufacturing facility in Austin, Texas","callToActionText":null,"width":1920,"caption":"File picture: Tesla CEO Elon Musk speaks at the \"Cyber Rodeo\" grand opening celebration of its Tesla Giga Texas manufacturing facility in Austin, Texas","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/90\/92\/62\/{{w}}x{{h}}_cmsv2_6ff68cc1-f7cb-59d1-b7bc-5ec718474ead-8909262.jpg","captionUrl":null,"height":1295}],"authors":{"journalists":[],"producers":[],"videoEditor":[]},"keywords":[{"urlSafeValue":"tesla","titleRaw":"Tesla","id":12517,"title":"Tesla","slug":"tesla"},{"urlSafeValue":"elon-musk","titleRaw":"Elon Musk","id":13814,"title":"Elon Musk","slug":"elon-musk"},{"urlSafeValue":"cars","titleRaw":"Cars","id":11029,"title":"Cars","slug":"cars"},{"urlSafeValue":"rise-in-markets","titleRaw":"Rise in markets","id":11067,"title":"Rise in markets","slug":"rise-in-markets"},{"urlSafeValue":"markets","titleRaw":"Markets","id":183,"title":"Markets","slug":"markets"}],"widgets":[{"count":1,"slug":"related"}],"related":[{"id":2698806},{"id":2701198}],"technicalTags":[],"externalPartners":[],"hasExternalVideo":0,"video":0,"videos":[],"liveStream":[{"endDate":0,"startDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":1,"sources":[],"externalSource":null,"additionalSources":"","additionalReporting":"Tina Teng","freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"markets","urlSafeValue":"markets","title":"Markets","online":0,"url":"https:\/\/www.euronews.com\/business\/markets\/markets"},"vertical":"business","verticals":[{"urlSafeValue":"business","id":11,"title":"Business","slug":"business"}],"primaryVertical":{"id":11,"slug":"business","urlSafeValue":"business","title":"Business"},"themes":[{"urlSafeValue":"markets","id":"markets","title":"Markets","url":"\/business\/markets"}],"primaryTheme":{"id":74,"urlSafeValue":"markets","title":"Markets"},"advertising":0,"advertisingData":{"startDate":0,"endDate":0,"type":null,"slug":null,"title":null,"disclaimerLabelKey":null,"sponsor":null,"sponsorName":null,"sponsorUrl":null,"sponsorLogo":"","sponsorLogoReverse":"","isDfp":0},"geoLocation":{"lat":0,"lon":0},"location":1,"continent":{"id":4392,"urlSafeValue":"america","title":"America"},"country":{"id":447,"urlSafeValue":"usa","title":"USA","url":"\/news\/america\/usa"},"town":{"id":3732,"urlSafeValue":"austin","title":"Austin"},"contextualSignals":{"doubleVerify":{"ids":["84021001","84022011","84022014","84031001","84032001","84111001","84112005","84131001","84132012","84211001","84212001","84241001","84242001"],"slugs":["automotive","automotive_electric_vehicle","automotive_luxury","business","business_general","law_gov_t_and_politics_legal_politics","law_government_and_politics","personal_finance","personal_finance_stocks","society","society_general","technology_and_computing","technology_and_computing_general"]}},"grapeshot":null,"versions":[],"programDeliverable":{"slug":"sujet","format":"default"},"showOpinionDisclaimer":0,"allViews":0,"allViewsMeta":{"pointOfView":[],"survey":[],"tweetId":0,"tweet2NdId":0,"displayOverlay":0},"storyTranslationMethod":[],"localisation":[],"path":"\/business\/2024\/12\/13\/teslas-shares-in-meteoric-rally-after-trumps-us-election-victory","lastModified":1734078395},{"id":2701182,"cid":8906354,"versionId":1,"archive":0,"housenumber":"241212_ECSU_57255977","owner":"euronews","isMagazine":0,"isBreakingNews":0,"daletEventName":"BUSINESS - US inflation ticked up last month as some price pressures remain persistent","channels":[{"id":1},{"id":2},{"id":3},{"id":4},{"id":5},{"id":10},{"id":12},{"id":14}],"status":2,"title":"Hopes of a US interest rate cut on inflation data helps Nasdaq soar","titleSeo":null,"titleListing1":"Hopes of a US interest rate cut on inflation data helps Nasdaq soar","titleListing2":"Hopes of a US interest rate cut on inflation data helps Nasdaq soar","leadin":"US stock indexes returned to positive territory as the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve.","summary":"US stock indexes returned to positive territory as the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve.","keySentence":"","url":"hopes-of-a-us-interest-rate-cut-on-inflation-data-helps-nasdaq-soar","canonical":"https:\/\/www.euronews.com\/business\/2024\/12\/12\/hopes-of-a-us-interest-rate-cut-on-inflation-data-helps-nasdaq-soar","masterCms":"v2","plainText":"Stocks in the US were boosted by the latest inflation data cementing expectations that the US central bank, the Federal Reserve, is likely to cut interest rates at its meeting next week, pushing the broad-based Nasdaq Composite Index to a record high.\n\nFuelled by pricier used cars, hotel rooms and groceries, inflation in the United States edged slightly higher last month in the latest sign that some price pressures remain. \n\nConsumer prices rose 2.7% in November from a year earlier, up from a yearly figure of 2.6% in October. Excluding volatile food and energy costs, so-called core prices increased 3.3%, the same as in the previous month. Measured month to month, prices climbed 0.3% from October to November, the biggest such increase since April. Core prices also rose 0.3% for a fourth straight month.\n\nWednesday's inflation figures from the Labor Department are the final major piece of data that Federal Reserve officials will consider before they meet next week to decide on interest rates. The relatively mild November increase is unlikely to be enough to discourage the officials from cutting their key rate by a quarter-point. \n\nRate cut seen as likely\n\nThe probability of a rate cut next week, as envisioned by Wall Street traders, rose to 98% after Wednesday's inflation report was released, according to futures pricing tracked by CME FedWatch.\n\n\"It's generally in the ballpark of what the Fed would like to see,\" said Jason Pride, chief investment strategist at Glenmede, a wealth management firm.\n\nLast week, Fed Chair Jerome Powell suggested that with the economy generally healthy, the Fed could reduce its key rate slowly.\n\n\"We're not quite there on inflation, but we're making progress,\" Powell said. \"We can afford to be a little more cautious.\"\n\nWith the job market cooling, growth in Americans' wages has slowed from a nearly 6% annual pace in 2022 to about 4% now, a rate almost consistent with inflation at the Fed's 2% target. Powell has said he doesn't think the current job market is a driver of higher prices.\n\nIn September, the Fed slashed its benchmark rate, which affects many consumer and business loans, by a sizable half-point. It followed that move with a quarter-point rate cut in November. Those cuts lowered the central bank\u2019s key rate to 4.6%, down from a four-decade high of 5.3%.\n\nThough inflation is now well below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago \u2014 a major source of public discontent that helped drive President-elect Donald Trump\u2019s victory over Vice President Kamala Harris in November.\n\nUS economy seems to be holding steady\n\nTypically, the Fed cuts rates to try to stimulate the economy enough to maximise employment yet not so much as to drive inflation high. But the US economy appears to be in solid shape. It grew at a brisk 2.8% annual pace in the July-September quarter, bolstered by healthy consumer spending. That has led some Wall Street analysts to suggest that the Fed doesn\u2019t actually need to cut its key rate further.\n\nBut Powell has said that the central bank is seeking to \"recalibrate\" its rate to a lower setting, one more in line with tamer inflation.\n\nOne possible problem to the Fed's efforts to keep inflation down is Trump's threat to impose widespread tariffs on US imports - a move that economists say would be likely to send inflation higher. Trump said he could impose tariffs of 10% on all imports and 60% on goods from China. As a consequence, economists at Goldman Sachs have forecast that core inflation would amount to 2.7% by the end of 2025. Without tariffs, they estimate it would drop to 2.4%.\n\nThe euphoria from investors pushed Nasdaq beyond 20,000\n\nExpectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times this year, with the latest coming last week.\n\nAnd stocks received a new boost following the latest inflation data on Wednesday.\n\nBig Tech stocks led the way, which drove the Nasdaq composite up 1.8% to top the 20,000 level for the first time. The Dow Jones Industrial Average, meanwhile, lagged behind, with a dip of 99 points, or 0.2% while the S&P 500 rose 0.8% to break its first two-day losing streak in nearly a month and finished just short of its all-time high. \n\nOne of the best performers was Tesla, it jumped 5.9% to finish above $420 (\u20ac399) at $424.77 (\u20ac404). It's a level that Elon Musk made famous in a 2018 tweet when he said he had secured funding to take Tesla private at $420 per share.\n\nIn the bond market, the yield on the 10-year Treasury rose to 4.27% from 4.23% late Tuesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, edged up to 4.15% from 4.14%.\n\n","htmlText":"<p>Stocks in the US were boosted by the latest inflation data cementing expectations that the US central bank, the Federal Reserve, is likely to cut interest rates at its meeting next week, pushing the broad-based Nasdaq Composite Index to a record high.<\/p>\n<p>Fuelled by pricier used cars, hotel rooms and groceries, inflation in the United States edged slightly higher last month in the latest sign that some price pressures remain. <\/p>\n<p>Consumer prices rose 2.7% in November from a year earlier, up from a yearly figure of 2.6% in October. Excluding volatile food and energy costs, so-called core prices increased 3.3%, the same as in the previous month. Measured month to month, prices climbed 0.3% from October to November, the biggest such increase since April. Core prices also rose 0.3% for a fourth straight month.<\/p>\n<div class=\"c-widget-related\" data-stories-id=\"8886662,8880918\" data-event=\"widget_related\">\n <div class=\"c-widget-related__title\">\n <b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b>\n <\/div>\n <ul class=\"c-widget-related__list\">\n <li class=\"c-widget-related__item\"><a class=\"c-widget-related__article\" href=https://www.euronews.com/"https:////www.euronews.com//business//2024//12//03//turkey-inflation-dips-for-sixth-month-in-a-row-as-household-prices-drop/">Turkey inflation dips for sixth month in a row as household prices drop<\/a><\/li><li class=\"c-widget-related__item\"><a class=\"c-widget-related__article\" href=https://www.euronews.com/"https:////www.euronews.com//business//2024//11//29//eurozones-inflation-rate-rises-to-23-should-the-ecb-be-concerned/">Eurozone's inflation rate rises to 2.3%: Should the ECB be concerned?<\/a><\/li>\n <\/ul>\n<\/div>\n\n\n<p>Wednesday's inflation figures from the Labor Department are the final major piece of data that Federal Reserve officials will consider before they meet next week to decide on interest rates. The relatively mild November increase is unlikely to be enough to discourage the officials from cutting their key rate by a quarter-point. <\/p>\n<h2>Rate cut seen as likely<\/h2><p>The probability of a rate cut next week, as envisioned by Wall Street traders, rose to 98% after Wednesday's inflation report was released, according to futures pricing tracked by CME FedWatch.<\/p>\n<p>\"It's generally in the ballpark of what the Fed would like to see,\" said Jason Pride, chief investment strategist at Glenmede, a wealth management firm.<\/p>\n<p>Last week, Fed Chair Jerome Powell suggested that with the economy generally healthy, the Fed could reduce its key rate slowly.<\/p>\n<p>\"We're not quite there on inflation, but we're making progress,\" Powell said. \"We can afford to be a little more cautious.\"<\/p>\n<p>With the job market cooling, growth in Americans' wages has slowed from a nearly 6% annual pace in 2022 to about 4% now, a rate almost consistent with inflation at the Fed's 2% target. Powell has said he doesn't think the current job market is a driver of higher prices.<\/p>\n<p>In September, the Fed slashed its benchmark rate, which affects many consumer and business loans, by a sizable half-point. It followed that move with a quarter-point rate cut in November. Those cuts lowered the central bank\u2019s key rate to 4.6%, down from a four-decade high of 5.3%.<\/p>\n<div class=\"c-widget-related\" data-stories-id=\"8839024\" data-event=\"widget_related\">\n <div class=\"c-widget-related__title\">\n <b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b>\n <\/div>\n <ul class=\"c-widget-related__list\">\n <li class=\"c-widget-related__item\"><a class=\"c-widget-related__article\" href=https://www.euronews.com/"https:////www.euronews.com//business//2024//11//07//fed-cuts-rates-by-a-quarter-point-as-powell-ignores-trump-fuelled-inflation-risk/">Fed cuts rates by a quarter point as Powell ignores Trump-fuelled inflation risk<\/a><\/li>\n <\/ul>\n<\/div>\n\n\n<p>Though inflation is now well below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago \u2014 a major source of public discontent that helped drive President-elect Donald Trump\u2019s victory over Vice President Kamala Harris in November.<\/p>\n<h2>US economy seems to be holding steady<\/h2><p>Typically, the Fed cuts rates to try to stimulate the economy enough to maximise employment yet not so much as to drive inflation high. But the US economy appears to be in solid shape. It grew at a brisk 2.8% annual pace in the July-September quarter, bolstered by healthy consumer spending. That has led some Wall Street analysts to suggest that the Fed doesn\u2019t actually need to cut its key rate further.<\/p>\n<p>But Powell has said that the central bank is seeking to \"recalibrate\" its rate to a lower setting, one more in line with tamer inflation.<\/p>\n<p>One possible problem to the Fed's efforts to keep inflation down is Trump's threat to impose widespread tariffs on US imports - a move that economists say would be likely to send inflation higher. Trump said he could impose tariffs of 10% on all imports and 60% on goods from China. As a consequence, economists at Goldman Sachs have forecast that core inflation would amount to 2.7% by the end of 2025. Without tariffs, they estimate it would drop to 2.4%.<\/p>\n<h2><strong>The euphoria from investors pushed<\/strong> Nasdaq beyond 20,000<\/h2><p>Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times this year, with the latest coming last week.<\/p>\n<p>And stocks received a new boost following the latest inflation data on Wednesday.<\/p>\n<p>Big Tech stocks led the way, which drove the Nasdaq composite up 1.8% to top the 20,000 level for the first time. The Dow Jones Industrial Average, meanwhile, lagged behind, with a dip of 99 points, or 0.2% while the S&P 500 rose 0.8% to break its first two-day losing streak in nearly a month and finished just short of its all-time high. <\/p>\n<p>One of the best performers was Tesla, it jumped 5.9% to finish above $420 (\u20ac399) at $424.77 (\u20ac404). It's a level that Elon Musk made famous in a 2018 tweet when he said he had secured funding to take Tesla private at $420 per share.<\/p>\n<p>In the bond market, the yield on the 10-year Treasury rose to 4.27% from 4.23% late Tuesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, edged up to 4.15% from 4.14%.<\/p>\n","hashtag":null,"createdAt":1733979007,"updatedAt":1733988115,"publishedAt":1733988104,"firstPublishedAt":1733988104,"lastPublishedAt":1733988104,"expiresAt":0,"images":[{"url":"https:\/\/static.euronews.com\/articles\/stories\/08\/90\/63\/54\/{{w}}x{{h}}_cmsv2_6b4e1361-2c9b-5aa7-9cf0-7842b5f7763c-8906354.jpg","altText":"People gather in front of the New York Stock Exchange in New York's Financial District on Tuesday, Dec. 10, 2024.","caption":"People gather in front of the New York Stock Exchange in New York's Financial District on Tuesday, Dec. 10, 2024.","captionUrl":null,"captionCredit":"Peter Morgan\/Copyright 2024 The AP. All rights reserved","sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"callToActionText":null,"width":1024,"height":683}],"authors":{"journalists":[],"producers":[],"videoEditor":[]},"keywords":[{"id":150,"slug":"inflation","urlSafeValue":"inflation","title":"Inflation","titleRaw":"Inflation"},{"id":112,"slug":"federal-reserve","urlSafeValue":"federal-reserve","title":"Federal Reserve","titleRaw":"Federal Reserve"},{"id":7967,"slug":"interest-rates","urlSafeValue":"interest-rates","title":"Interest rates","titleRaw":"Interest rates"},{"id":10679,"slug":"american-economy","urlSafeValue":"american-economy","title":"American economy","titleRaw":"American economy"},{"id":11089,"slug":"stock-market-activity","urlSafeValue":"stock-market-activity","title":"Stock market activity","titleRaw":"Stock market activity"}],"widgets":[{"slug":"related","count":2}],"related":[{"id":2701274},{"id":2700668}],"technicalTags":[],"externalPartners":[],"hasExternalVideo":0,"video":0,"videos":[],"liveStream":[{"startDate":0,"endDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":1,"sources":[],"externalSource":"AP","additionalSources":"","additionalReporting":"Doloresz Katanich","freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"markets","urlSafeValue":"markets","title":"Markets","online":0,"url":"https:\/\/www.euronews.com\/business\/markets\/markets"},"vertical":"business","verticals":[{"id":11,"slug":"business","urlSafeValue":"business","title":"Business"}],"primaryVertical":{"id":11,"slug":"business","urlSafeValue":"business","title":"Business"},"themes":[{"id":"markets","urlSafeValue":"markets","title":"Markets","url":"\/business\/markets"}],"primaryTheme":{"id":74,"urlSafeValue":"markets","title":"Markets"},"advertising":0,"advertisingData":{"startDate":0,"endDate":0,"type":null,"slug":null,"title":null,"disclaimerLabelKey":null,"sponsor":null,"sponsorName":null,"sponsorUrl":null,"sponsorLogo":"","sponsorLogoReverse":"","isDfp":0},"geoLocation":{"lat":0,"lon":0},"location":1,"continent":{"id":4392,"urlSafeValue":"america","title":"America"},"country":{"id":447,"urlSafeValue":"usa","title":"USA","url":"\/news\/america\/usa"},"town":[],"contextualSignals":{"doubleVerify":{"ids":["80022015","80023001","84031001","84032001","84041001","84042001","84111001","84112005","84131001","84132012","84211001","84212001"],"slugs":["aggregated_all_moderate_content","business","business_general","careers","careers_general","law_gov_t_and_politics_legal_politics","law_government_and_politics","negative_news_financial","personal_finance","personal_finance_stocks","society","society_general"]}},"grapeshot":null,"versions":[],"programDeliverable":{"slug":"sujet","format":"default"},"showOpinionDisclaimer":0,"allViews":0,"allViewsMeta":{"pointOfView":[],"survey":[],"tweetId":0,"tweet2NdId":0,"displayOverlay":0},"storyTranslationMethod":[],"localisation":[],"path":"\/business\/2024\/12\/12\/hopes-of-a-us-interest-rate-cut-on-inflation-data-helps-nasdaq-soar","lastModified":1733988104},{"id":2700780,"cid":8905068,"versionId":1,"archive":0,"housenumber":"241211_BUSU_57251048","owner":"euronews","isMagazine":0,"isBreakingNews":0,"daletEventName":"BUSINESS -SpaceX Valuation Jumps to About $350 Billion in Insider Deal","channels":[{"id":1},{"id":2},{"id":3},{"id":4},{"id":5},{"id":10},{"id":12},{"id":14}],"status":2,"title":"SpaceX became the world\u2019s most valuable private startup overnight","titleSeo":null,"titleListing1":"SpaceX became the world\u2019s most valuable private startup overnight","titleListing2":"SpaceX became the world\u2019s most valuable private startup overnight","leadin":"The valuation of Elon Musk's rocket company jumped to $350bn (\u20ac332bn) due to an insider deal.","summary":"The valuation of Elon Musk's rocket company jumped to $350bn (\u20ac332bn) due to an insider deal.","keySentence":"","url":"spacex-became-the-worlds-most-valuable-private-startup-overnight","canonical":"https:\/\/www.euronews.com\/business\/2024\/12\/11\/spacex-became-the-worlds-most-valuable-private-startup-overnight","masterCms":"v2","plainText":"An internal share trade pushed the, otherwise not publicly traded company's value to the stratosphere. \n\nSpaceX was last valued at around $250bn (\u20ac238bn) and its share price was $112\/stock in September. The fresh deal between the rocket company and its investors to purchase up to $1.25bn (\u20ac1.19bn) of the company's common shares shows a 65% rise in the share price, at $185 a piece, putting the company's value at $350bn (\u20ac332bn), according to Bloomberg. \n\nSpaceX alone is offering to purchase as much as $500m (\u20ac476m) worth of common stock, it said in an internal document, seen by the media company. \n\nThe new valuation makes SpaceX the most valuable private startup in the world.\n\n\u201cWhat\u2019s really crazy about this is that almost no investors wanted to sell shares even at a $350B valuation!\u201d wrote Elon Musk on X, adding that \"SpaceX reduced the amount of shares it bought back from employees in order to allow some new investors in.\"\n\n \n\nThe American aerospace company founded by Elon Musk in 2002, is primarily a rocket launch provider, catering to NASA, the Pentagon, and commercial partners. The company is also operating Starlink, a satellite constellation delivering broadband internet. \n\nMusk's vision for the company is to pave the way for humans to colonise Mars and provide wider access to commercial space travel. \n\nElon Musk's investments have recently benefitted from the controversial businessman's close ties to the president-elect of the US, a phenomenon called the \u201cTrump bump\u201d. \n\nHis companies' are attracting investors, Tesla's share price has increased more than 60% since the US election, and Musk's AI company called xAI has recently raised $6bn in new investment. \n\n","htmlText":"<p>An internal share trade pushed the, otherwise not publicly traded company's value to the stratosphere. <\/p>\n<p>SpaceX was last valued at around $250bn (\u20ac238bn) and its share price was $112\/stock in September. The fresh deal between the rocket company and its investors to purchase up to $1.25bn (\u20ac1.19bn) of the company's common shares shows a 65% rise in the share price, at $185 a piece, putting the company's value at $350bn (\u20ac332bn), according to Bloomberg. <\/p>\n<p>SpaceX alone is offering to purchase as much as $500m (\u20ac476m) worth of common stock, it said in an internal document, seen by the media company. <\/p>\n<p>The new valuation makes SpaceX the most valuable private startup in the world.<\/p>\n<p>\u201cWhat\u2019s really crazy about this is that almost no investors wanted to sell shares even at a $350B valuation!\u201d wrote Elon Musk on X, adding that \"SpaceX reduced the amount of shares it bought back from employees in order to allow some new investors in.\"<\/p>\n<div class=\"widget widget--type-freeform\nwidget--size-fullwidth\nwidget--align-center\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">What\u2019s really crazy about this is that almost no investors wanted to sell shares even at a $350B valuation!<br><br>SpaceX reduced the amount of shares it bought back from employees in order to allow some new investors in.<\/p>— Elon Musk (@elonmusk) <a href=https://www.euronews.com/"https:////twitter.com//elonmusk//status//1866789126814699824?ref_src=twsrc%5Etfw\%22>December 11, 2024<\/a><\/blockquote> <script async src=https://www.euronews.com/"https:////platform.twitter.com//widgets.js/" charset=\"utf-8\"><\/script>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>The American aerospace company founded by Elon Musk in 2002, is primarily a rocket launch provider, catering to NASA, the Pentagon, and commercial partners. The company is also operating Starlink, a satellite constellation delivering broadband internet. <\/p>\n<p>Musk's vision for the company is to pave the way for humans to colonise Mars and provide wider access to commercial space travel. <\/p>\n<p>Elon Musk's investments have recently benefitted from the controversial businessman's close ties to the president-elect of the US, a phenomenon called the \u201cTrump bump\u201d. <\/p>\n<p>His companies' are attracting investors, Tesla's share price has increased more than 60% since the US election, and Musk's AI company called xAI has recently raised $6bn in new investment. <\/p>\n","hashtag":null,"createdAt":1733924319,"updatedAt":1733930244,"publishedAt":1733929204,"firstPublishedAt":1733929204,"lastPublishedAt":1733929204,"expiresAt":0,"images":[{"url":"https:\/\/static.euronews.com\/articles\/stories\/08\/90\/50\/68\/{{w}}x{{h}}_cmsv2_01181273-2b30-59ef-9829-e00910f296e4-8905068.jpg","altText":"A SpaceX Falcon 9 rocket with a SXM-9 digital, audio radio satellite payload, lifts off from pad 39A at the Kennedy Space Center in Cape Canaveral, Thursday, Dec. 5, 2024","caption":"A SpaceX Falcon 9 rocket with a SXM-9 digital, audio radio satellite payload, lifts off from pad 39A at the Kennedy Space Center in Cape Canaveral, Thursday, Dec. 5, 2024","captionUrl":null,"captionCredit":"John Raoux\/Copyright 2024 The AP. All rights reserved","sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"callToActionText":null,"width":1024,"height":683}],"authors":{"journalists":[{"id":582,"urlSafeValue":"katanich","title":"Doloresz Katanich","twitter":"@doloreskatanich"}],"producers":[],"videoEditor":[]},"keywords":[{"id":13816,"slug":"spacex","urlSafeValue":"spacex","title":"SpaceX","titleRaw":"SpaceX"},{"id":11071,"slug":"investment","urlSafeValue":"investment","title":"Investment","titleRaw":"Investment"},{"id":11045,"slug":"shares","urlSafeValue":"shares","title":"Shares","titleRaw":"Shares"},{"id":11093,"slug":"stock-exchange-transaction","urlSafeValue":"stock-exchange-transaction","title":"Stock exchange transaction","titleRaw":"Stock exchange transaction"}],"widgets":[{"slug":"html","count":1}],"related":[],"technicalTags":[],"externalPartners":[],"hasExternalVideo":0,"video":0,"videos":[],"liveStream":[{"startDate":0,"endDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":1,"sources":[],"externalSource":null,"additionalSources":null,"additionalReporting":null,"freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"business","urlSafeValue":"business","title":"Business","online":0,"url":"https:\/\/www.euronews.com\/business\/business\/business"},"vertical":"business","verticals":[{"id":11,"slug":"business","urlSafeValue":"business","title":"Business"}],"primaryVertical":{"id":11,"slug":"business","urlSafeValue":"business","title":"Business"},"themes":[{"id":"business","urlSafeValue":"business","title":"Business","url":"\/business\/business"}],"primaryTheme":{"id":7,"urlSafeValue":"business","title":"Business"},"advertising":0,"advertisingData":{"startDate":0,"endDate":0,"type":null,"slug":null,"title":null,"disclaimerLabelKey":null,"sponsor":null,"sponsorName":null,"sponsorUrl":null,"sponsorLogo":"","sponsorLogoReverse":"","isDfp":0},"geoLocation":{"lat":0,"lon":0},"location":1,"continent":{"id":4392,"urlSafeValue":"america","title":"America"},"country":{"id":447,"urlSafeValue":"usa","title":"USA","url":"\/news\/america\/usa"},"town":[],"contextualSignals":{"doubleVerify":{"ids":["84031001","84032001","84111001","84112001","84131001","84132012","84191001","84192010","84211001","84212001","84241001","84242001"],"slugs":["business","business_general","law_government_and_politics","law_government_and_politics_general","personal_finance","personal_finance_stocks","science","science_space_astronomy","society","society_general","technology_and_computing","technology_and_computing_general"]}},"grapeshot":null,"versions":[],"programDeliverable":{"slug":"sujet","format":"default"},"showOpinionDisclaimer":0,"allViews":0,"allViewsMeta":{"pointOfView":[],"survey":[],"tweetId":0,"tweet2NdId":0,"displayOverlay":0},"storyTranslationMethod":[],"localisation":[],"path":"\/business\/2024\/12\/11\/spacex-became-the-worlds-most-valuable-private-startup-overnight","lastModified":1733929204},{"id":2700674,"cid":8904690,"versionId":1,"archive":0,"housenumber":"241211_NWWB_57249939","owner":"euronews","isMagazine":0,"isBreakingNews":0,"daletEventName":"Biden approves national security memo to guide Trump administration on adversaries","channels":[{"id":1},{"id":2},{"id":3},{"id":4},{"id":5},{"id":10},{"id":12},{"id":14}],"status":2,"title":"Biden approves national security memo to guide Trump administration on adversaries ","titleSeo":null,"titleListing1":"Biden approves national security memo to guide Trump administration","titleListing2":"Biden signs classified roadmap to guide Trump administration on countering rising ties among China, Russia, Iran, and North Korea. ","leadin":"The document outlines strategies to improve interagency coordination and intelligence-sharing with allies to prepare for simultaneous crises involving major adversaries.","summary":"The document outlines strategies to improve interagency coordination and intelligence-sharing with allies to prepare for simultaneous crises involving major adversaries.","keySentence":"","url":"biden-approves-national-security-memo-to-guide-trump-administration-on-adversaries","canonical":"https:\/\/www.euronews.com\/2024\/12\/11\/biden-approves-national-security-memo-to-guide-trump-administration-on-adversaries","masterCms":"v2","plainText":"President Joe Biden has approved a classified national security memorandum designed to serve as a roadmap for the incoming Trump administration to address the growing coordination among China, Iran, North Korea, and Russia.\u00a0\n\nAnnouncing the document on Wednesday, the White House said it aims to provide a foundation for the new administration to handle these alliances effectively from its first day in office.\u00a0\n\nThe memorandum, developed over the summer by Biden\u2019s administration officials, includes four key recommendations: enhancing interagency cooperation within the US government, expediting intelligence-sharing with allies, optimising the use of sanctions and economic measures, and preparing for simultaneous crises involving the four adversaries.\n\nOfficials, speaking to the Associated Press anonymously in accordance with White House guidelines, stated that the memorandum would remain classified due to the sensitive findings it contains.\n\nThey noted that Russia, which has been largely isolated from the West since its 2022 invasion of Ukraine, has turned to Iran for drones and missiles and to North Korea for artillery, missiles, and even troops. China has supplied Russia with dual-use components, while Russia has supported Iran\u2019s missile defence and space programmes and provided fighter jets.\u00a0\n\nNorth Korea has benefited from Russian fuel and funding to expand its manufacturing and military capacities, with officials stating that Moscow has effectively recognised North Korea as a nuclear weapon state.\u00a0\n\nChina and Russia, meanwhile, continue to deepen their military cooperation, including joint patrols in the Arctic.\u00a0\n\nDespite radically different worldviews, senior figures in the Biden administration and the incoming Trump team are engaging in discussions to ensure continuity on national security matters during the transition.\u00a0\n\n","htmlText":"<p>President Joe Biden has approved a classified national security memorandum designed to serve as a roadmap for the incoming Trump administration to address the growing coordination among China, Iran, North Korea, and Russia.\u00a0<\/p>\n<p>Announcing the document on Wednesday, the White House said it aims to provide a foundation for the new administration to handle these alliances effectively from its first day in office.\u00a0<\/p>\n<p>The memorandum, developed over the summer by Biden\u2019s administration officials, includes four key recommendations: enhancing interagency cooperation within the US government, expediting intelligence-sharing with allies, optimising the use of sanctions and economic measures, and preparing for simultaneous crises involving the four adversaries.<\/p>\n<p>Officials, speaking to the Associated Press anonymously in accordance with White House guidelines, stated that the memorandum would remain classified due to the sensitive findings it contains.<\/p>\n<div class=\"c-widget-related\" data-stories-id=\"8880642,8882472\" data-event=\"widget_related\">\n <div class=\"c-widget-related__title\">\n <b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b>\n <\/div>\n <ul class=\"c-widget-related__list\">\n <li class=\"c-widget-related__item\"><a class=\"c-widget-related__article\" href=https://www.euronews.com/"https:////www.euronews.com//2024//11//30//pariah-state-north-korea-warmly-welcomes-russias-defence-minister/">Pariah state North Korea warmly welcomes Russia's defence minister<\/a><\/li><li class=\"c-widget-related__item\"><a class=\"c-widget-related__article\" href=https://www.euronews.com/"https:////www.euronews.com//2024//11//29//russian-defence-minister-visits-north-korea-to-expand-cooperation/">Russian and North Korean defence ministers meet to expand military cooperation<\/a><\/li>\n <\/ul>\n<\/div>\n\n\n<p>They noted that Russia, which has been largely isolated from the West since its 2022 invasion of Ukraine, has turned to Iran for drones and missiles and to North Korea for artillery, missiles, and even troops. China has supplied Russia with dual-use components, while Russia has supported Iran\u2019s missile defence and space programmes and provided fighter jets.\u00a0<\/p>\n<p>North Korea has benefited from Russian fuel and funding to expand its manufacturing and military capacities, with officials stating that Moscow has effectively recognised North Korea as a nuclear weapon state.\u00a0<\/p>\n<p>China and Russia, meanwhile, continue to deepen their military cooperation, including joint patrols in the Arctic.\u00a0<\/p>\n<p>Despite radically different worldviews, senior figures in the Biden administration and the incoming Trump team are engaging in discussions to ensure continuity on national security matters during the transition.\u00a0<\/p>\n","hashtag":null,"createdAt":1733918213,"updatedAt":1733921413,"publishedAt":1733920116,"firstPublishedAt":1733920116,"lastPublishedAt":1733920116,"expiresAt":0,"images":[{"url":"https:\/\/static.euronews.com\/articles\/stories\/08\/90\/46\/90\/{{w}}x{{h}}_cmsv2_e3611f34-0ef2-59e1-b93f-5b84c9d2cb05-8904690.jpg","altText":"President Joe Biden speaks about his administrations economic playbook and the future of the American economy at the Brookings Institution in Washington, 10 Dec 2024.","caption":"President Joe Biden speaks about his administrations economic playbook and the future of the American economy at the Brookings Institution in Washington, 10 Dec 2024.","captionUrl":null,"captionCredit":"AP Photo\/Susan Walsh","sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"callToActionText":null,"width":1920,"height":1080}],"authors":{"journalists":[],"producers":[],"videoEditor":[]},"keywords":[{"id":6005,"slug":"joe-biden","urlSafeValue":"joe-biden","title":"Joe Biden","titleRaw":"Joe Biden"},{"id":11900,"slug":"donald-trump","urlSafeValue":"donald-trump","title":"Donald Trump","titleRaw":"Donald Trump"},{"id":28774,"slug":"national-security","urlSafeValue":"national-security","title":"national security","titleRaw":"national security"}],"widgets":[{"slug":"related","count":1}],"related":[{"id":2694528},{"id":2684754},{"id":2679386}],"technicalTags":[],"externalPartners":[],"hasExternalVideo":0,"video":0,"videos":[],"liveStream":[{"startDate":0,"endDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":1,"sources":[],"externalSource":"AP","additionalSources":"","additionalReporting":"Oman Al Yahyai","freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"world","urlSafeValue":"world","title":"World News","online":1,"url":"https:\/\/www.euronews.com\/programs\/world"},"vertical":"news","verticals":[{"id":1,"slug":"news","urlSafeValue":"news","title":"News"}],"primaryVertical":{"id":1,"slug":"news","urlSafeValue":"news","title":"News"},"themes":[{"id":"news","urlSafeValue":"news","title":"World","url":"\/news\/international"}],"primaryTheme":{"id":1,"urlSafeValue":"news","title":"World"},"advertising":0,"advertisingData":{"startDate":0,"endDate":0,"type":null,"slug":null,"title":null,"disclaimerLabelKey":null,"sponsor":null,"sponsorName":null,"sponsorUrl":null,"sponsorLogo":"","sponsorLogoReverse":"","isDfp":0},"geoLocation":{"lat":0,"lon":0},"location":1,"continent":{"id":4392,"urlSafeValue":"america","title":"America"},"country":{"id":447,"urlSafeValue":"usa","title":"USA","url":"\/news\/america\/usa"},"town":[],"contextualSignals":{"doubleVerify":{"ids":["80023001","80122009","80222009","84091001","84092025","84111001","84112005","84121001","84122001","84211001","84212001"],"slugs":["aggregated_all_moderate_content","hobbies_and_interests","hobbies_and_interests_radio","human_made_disasters_high_and_medium_risk","human_made_disasters_high_medium_and_low_risk","law_gov_t_and_politics_legal_politics","law_government_and_politics","news","news_general","society","society_general"]}},"grapeshot":null,"versions":[],"programDeliverable":{"slug":"sujet-web","format":"default"},"showOpinionDisclaimer":0,"allViews":0,"allViewsMeta":{"pointOfView":[],"survey":[],"tweetId":0,"tweet2NdId":0,"displayOverlay":0},"storyTranslationMethod":[],"localisation":[],"path":"\/2024\/12\/11\/biden-approves-national-security-memo-to-guide-trump-administration-on-adversaries","lastModified":1733920116},{"id":2700322,"cid":8903652,"versionId":3,"archive":0,"housenumber":"241211_NWSU_57246742","owner":"euronews","isMagazine":0,"isBreakingNews":0,"daletEventName":"MANGIONE PLEADS NOT GUILTY OVER KILLING OF UNITED HEALTHCARE CEO","channels":[{"id":1},{"id":2},{"id":3},{"id":4},{"id":5},{"id":10},{"id":12},{"id":14}],"status":2,"title":"United Healthcare CEO shooting: Luigi Mangione to plead not guilty, lawyer expects","titleSeo":null,"titleListing1":"United Healthcare CEO shooting: Luigi Mangione to plead not guilty","titleListing2":"United Healthcare CEO shooting: Luigi Mangione to plead not guilty, lawyer expects","leadin":"Suspect for the murder of United Healthcare CEO, Luigi Mangione, has said he will fight his extradition to New York where he faces murder charges.","summary":"Suspect for the murder of United Healthcare CEO, Luigi Mangione, has said he will fight his extradition to New York where he faces murder charges.","keySentence":"","url":"united-healthcare-ceo-shooting-luigi-mangione-to-plead-not-guilty-lawyer-expects","canonical":"https:\/\/www.euronews.com\/2024\/12\/11\/united-healthcare-ceo-shooting-luigi-mangione-to-plead-not-guilty-lawyer-expects","masterCms":"v2","plainText":"Luigi Mangione, the 26-year-old charged with shooting of United Healthcare CEO Bryan Thompson, will fight his extradition to New York and is expected to plead not guilty to charges against him there \u2014 his lawyer told reporters on Tuesday. \n\nMangione was first charged with possession of an unlicensed firearm, forgery and providing false identification to police in Pennsylvania late on Monday after being recognised in a McDonalds. \n\nThe Ivy League graduate will plead not guilty to the charges against him in Pennsylvania and will fight his extradition to New York, his lawyer Tom Dickey said. \n\nDickey added he expects Mangione to also plead not guilty to separate murder charges in New York, where Thompson died after he was shot outside a hotel.\n\nMangione's decision to contest his extradition could delay the process by days or months as noted by the New York TImes. \n\n\u201cYou can\u2019t rush to judgment in this case or any case,\u201d Dickey said. \u201cHe\u2019s presumed innocent. Let\u2019s not forget that\".\n\nIn his first public appearance since he was charged, Mangione resisted authorities, shouting unintelligibly and writhing in the grip of sheriff\u2019s deputies as he was led into court.\n\nAs he emerged from the police car Mangione shouted \u201cinsult to the intelligence of the American people\u201d as he was pushed inside a courthouse. It is unclear what Mangione was referring to. \n\nDuring his initial hearing, Mangione mostly stared straight ahead, occasionally looking at papers, rocking in his chair, or looking back at the gallery.\n\n'Shocked'\n\nAt the time of his arrest, Mangione was carrying a handwritten document expressing anger with what he called \"parasitic\" health insurance companies. He argued the US has the most expensive healthcare system in the world and that companies have seen their profits rise as life expectancy in the US has not. \n\nFriends of Mangione have said that he suffered from debilitating backpain, and went off the radar for several months prior to the murder after undergoing back surgery, fuelling speculation he could have been motivated by a hatred of health insurance companies. \n\nMangione reportedly lived a charmed life as the grandson of a wealthy real estate developer, valedictorian of his elite Baltimore prep school and with degrees from one of the nation\u2019s top private universities.\n\n\u201cOur family is shocked and devastated by Luigi\u2019s arrest,\u201d Mangione\u2019s family said in a statement posted on social media late Monday.\n\n\u201cWe offer our prayers to the family of Brian Thompson and we ask people to pray for all involved\u201d they added. \n\nMangione was recognised in a McDonalds in Pennsylvania after a nation-wide search for Thompson's killer. Police found him in possession of a so-called \"ghost gun\" and the same fake ID the suspected shooter used to check into a hostel in New York near the crime. \n\nThe case has sparked a widespread discussion about corporate greed and unfairness in the US' medical insurance industry with some even celebrating Mangione instead of condemning the murder. \n\nOn Wednesday, White House press secretary Karine Jean-Pierre said \u201cviolence to combat any sort of corporate greed is unacceptable\u201d adding that the Biden administration condemned the violence. \n\nThe governor of New York, Kathy Hochul, said she was \"deeply grateful to the men and women of law enforcement whose efforts to solve the horrific murder of Brian Thompson led to the arrest of a suspect in Pennsylvania\u201d.\n\nShe added she would issue an arrest warrant for Mangione so he could stand trial in New York. \n\n","htmlText":"<p>Luigi Mangione, the 26-year-old charged with shooting of United Healthcare CEO Bryan Thompson, will fight his extradition to New York and is expected to plead not guilty to charges against him there \u2014 his lawyer told reporters on Tuesday. <\/p>\n<p>Mangione was first charged with possession of an unlicensed firearm, forgery and providing false identification to police in Pennsylvania late on Monday after being recognised in a McDonalds. <\/p>\n<p>The Ivy League graduate will plead not guilty to the charges against him in Pennsylvania and will fight his extradition to New York, his lawyer Tom Dickey said. <\/p>\n<p>Dickey added he expects Mangione to also plead not guilty to separate murder charges in New York, where Thompson died after he was shot outside a hotel.<\/p>\n<p>Mangione's decision to contest his extradition could delay the process by days or months as noted by the New York TImes. <\/p>\n<p>\u201cYou can\u2019t rush to judgment in this case or any case,\u201d Dickey said. \u201cHe\u2019s presumed innocent. Let\u2019s not forget that\".<\/p>\n<p>In his first public appearance since he was charged, Mangione resisted authorities, shouting unintelligibly and writhing in the grip of sheriff\u2019s deputies as he was led into court.<\/p>\n<p>As he emerged from the police car Mangione shouted \u201cinsult to the intelligence of the American people\u201d as he was pushed inside a courthouse. It is unclear what Mangione was referring to. <\/p>\n<p>During his initial hearing, Mangione mostly stared straight ahead, occasionally looking at papers, rocking in his chair, or looking back at the gallery.<\/p>\n<h2>'Shocked'<\/h2><p>At the time of his arrest, Mangione was carrying a handwritten document expressing anger with what he called \"parasitic\" health insurance companies. He argued the US has the most expensive healthcare system in the world and that companies have seen their profits rise as life expectancy in the US has not. <\/p>\n<p>Friends of Mangione have said that he suffered from debilitating backpain, and went off the radar for several months prior to the murder after undergoing back surgery, fuelling speculation he could have been motivated by a hatred of health insurance companies. <\/p>\n<p>Mangione reportedly lived a charmed life as the grandson of a wealthy real estate developer, valedictorian of his elite Baltimore prep school and with degrees from one of the nation\u2019s top private universities.<\/p>\n<p>\u201cOur family is shocked and devastated by Luigi\u2019s arrest,\u201d Mangione\u2019s family said in a statement posted on social media late Monday.<\/p>\n<p>\u201cWe offer our prayers to the family of Brian Thompson and we ask people to pray for all involved\u201d they added. <\/p>\n<p>Mangione was recognised in a McDonalds in Pennsylvania after a nation-wide search for Thompson's killer. Police found him in possession of a so-called \"ghost gun\" and the same fake ID the suspected shooter used to check into a hostel in New York near the crime. <\/p>\n<p>The case has sparked a widespread discussion about corporate greed and unfairness in the US' medical insurance industry with some even celebrating Mangione instead of condemning the murder. <\/p>\n<p>On Wednesday, White House press secretary Karine Jean-Pierre said \u201cviolence to combat any sort of corporate greed is unacceptable\u201d adding that the Biden administration condemned the violence. <\/p>\n<p>The governor of New York, Kathy Hochul, said she was \"deeply grateful to the men and women of law enforcement whose efforts to solve the horrific murder of Brian Thompson led to the arrest of a suspect in Pennsylvania\u201d.<\/p>\n<p>She added she would issue an arrest warrant for Mangione so he could stand trial in New York. <\/p>\n","hashtag":null,"createdAt":1733899317,"updatedAt":1733911763,"publishedAt":1733901977,"firstPublishedAt":1733901977,"lastPublishedAt":1733911763,"expiresAt":0,"images":[{"url":"https:\/\/static.euronews.com\/articles\/stories\/08\/90\/36\/52\/{{w}}x{{h}}_cmsv2_574957af-d8c3-5554-ba2e-d7a75ceedda3-8903652.jpg","altText":"Luigi Nicholas Mangione is escorted into Blair County Courthouse, Tuesday, Dec. 10, 2024, in Hollidaysburg, Pa.","caption":"Luigi Nicholas Mangione is escorted into Blair County Courthouse, Tuesday, Dec. 10, 2024, in Hollidaysburg, Pa.","captionUrl":null,"captionCredit":"Gary M. 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Period,\" the author said in a statement through his publisher, Little, Brown and Company. \"I\u2019m happy to be able to acknowledge them and all their hard work this holiday season.\"","summary":"\"Booksellers save lives. Period,\" the author said in a statement through his publisher, Little, Brown and Company. \"I\u2019m happy to be able to acknowledge them and all their hard work this holiday season.\"","keySentence":"","url":"bookstore-staffers-receive-holiday-bonuses-from-author-james-patterson","canonical":"https:\/\/www.euronews.com\/business\/2024\/12\/11\/bookstore-staffers-receive-holiday-bonuses-from-author-james-patterson","masterCms":"v2","plainText":"Staffers at Thank You Books in Birmingham, Alabama, San Francisco's City Lights Books and The Nook in Cedar Falls, Iowa, are among 600 booksellers receiving $500 (\u20ac476) holiday bonuses from James Patterson, the bestselling novelist who has been awarding independent store employees since 2015.\n\n\"Booksellers save lives. Period,\" Patterson said in a statement released Tuesday through his publisher, Little, Brown and Company. \"I\u2019m happy to be able to acknowledge them and all their hard work this holiday season.\"\n\nThe winners, including Davis Gustafson at Thank You Books and Erin Messer at City Lights, were nominated by co-workers and customers among others. Recipients also include Brandon Conrad of the Nook, Gina Marx of The Lynx in Gainesville, Florida, and Kirstin Kraig of Whale's Tale Books in Lakewood, Colorado. Patterson chose the winners from thousands of applications.\n\nGratitude for booksellers\n\n\"We appreciate Mr. Patterson's financial generosity as well as his generosity of spirit. We all continue to be awed by, and grateful for, Mr. Patterson's continuing support of independent booksellers,\" Allison Hill, CEO of the American Booksellers Association, said in a statement. \"It means everything to have him recognize and reward the valuable role booksellers play in the industry.\"\n\nAlong with his gifts to booksellers, Patterson has given millions of dollars to schools, libraries and literacy programmes. In 2015, the National Book Foundation presented him an honorary National Book Award - the Literarian Award - for \"outstanding service to the American literary community\".\n\n","htmlText":"<p>Staffers at Thank You Books in Birmingham, Alabama, San Francisco's City Lights Books and The Nook in Cedar Falls, Iowa, are among 600 booksellers receiving $500 (\u20ac476) holiday bonuses from James Patterson, the bestselling novelist who has been awarding independent store employees since 2015.<\/p>\n<p>\"Booksellers save lives. Period,\" Patterson said in a statement released Tuesday through his publisher, Little, Brown and Company. \"I\u2019m happy to be able to acknowledge them and all their hard work this holiday season.\"<\/p>\n<p>The winners, including Davis Gustafson at Thank You Books and Erin Messer at City Lights, were nominated by co-workers and customers among others. Recipients also include Brandon Conrad of the Nook, Gina Marx of The Lynx in Gainesville, Florida, and Kirstin Kraig of Whale's Tale Books in Lakewood, Colorado. Patterson chose the winners from thousands of applications.<\/p>\n<h2>Gratitude for booksellers<\/h2><p>\"We appreciate Mr. Patterson's financial generosity as well as his generosity of spirit. We all continue to be awed by, and grateful for, Mr. Patterson's continuing support of independent booksellers,\" Allison Hill, CEO of the American Booksellers Association, said in a statement. \"It means everything to have him recognize and reward the valuable role booksellers play in the industry.\"<\/p>\n<p>Along with his gifts to booksellers, Patterson has given millions of dollars to schools, libraries and literacy programmes. In 2015, the National Book Foundation presented him an honorary National Book Award - the Literarian Award - for \"outstanding service to the American literary community\".<\/p>\n","hashtag":null,"createdAt":1733850749,"updatedAt":1733896391,"publishedAt":1733895608,"firstPublishedAt":1733895608,"lastPublishedAt":1733896391,"expiresAt":0,"images":[{"url":"https:\/\/static.euronews.com\/articles\/stories\/08\/90\/31\/78\/{{w}}x{{h}}_cmsv2_11a6e104-53f5-5e24-999b-81dc3287e421-8903178.jpg","altText":"Library picture of author James Patterson posing for a portrait in New York ","caption":"Library picture of author James Patterson posing for a portrait in New York ","captionUrl":null,"captionCredit":"Taylor Jewell\/","sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"callToActionText":null,"width":3866,"height":2175}],"authors":{"journalists":[],"producers":[],"videoEditor":[]},"keywords":[{"id":11973,"slug":"publishing-industry","urlSafeValue":"publishing-industry","title":"publishing industry","titleRaw":"publishing industry"},{"id":495,"slug":"new-york","urlSafeValue":"new-york","title":"New York","titleRaw":"New York"},{"id":9555,"slug":"north-america","urlSafeValue":"north-america","title":"North America","titleRaw":"North America"}],"widgets":[],"related":[{"id":2700492}],"technicalTags":[],"externalPartners":[],"hasExternalVideo":0,"video":0,"videos":[],"liveStream":[{"startDate":0,"endDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":2,"sources":[],"externalSource":"APTN","additionalSources":"","additionalReporting":"Lily Swift","freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"business","urlSafeValue":"business","title":"Business","online":0,"url":"https:\/\/www.euronews.com\/business\/business\/business"},"vertical":"business","verticals":[{"id":11,"slug":"business","urlSafeValue":"business","title":"Business"},{"id":10,"slug":"culture","urlSafeValue":"culture","title":"Culture"}],"primaryVertical":{"id":11,"slug":"business","urlSafeValue":"business","title":"Business"},"themes":[{"id":"business","urlSafeValue":"business","title":"Business","url":"\/business\/business"},{"id":"culture-news","urlSafeValue":"culture-news","title":"Culture news","url":"\/news\/international"}],"primaryTheme":{"id":7,"urlSafeValue":"business","title":"Business"},"advertising":0,"advertisingData":{"startDate":0,"endDate":0,"type":null,"slug":null,"title":null,"disclaimerLabelKey":null,"sponsor":null,"sponsorName":null,"sponsorUrl":null,"sponsorLogo":"","sponsorLogoReverse":"","isDfp":0},"geoLocation":{"lat":0,"lon":0},"location":1,"continent":{"id":4392,"urlSafeValue":"america","title":"America"},"country":{"id":447,"urlSafeValue":"usa","title":"USA","url":"\/news\/america\/usa"},"town":[],"contextualSignals":{"doubleVerify":{"ids":["84011001","84012002","84201001","84202001"],"slugs":["a_and_e_books_and_literature","arts_and_entertainment","shopping","shopping_general"]}},"grapeshot":null,"versions":[],"programDeliverable":{"slug":"sujet","format":"default"},"showOpinionDisclaimer":0,"allViews":0,"allViewsMeta":{"pointOfView":[],"survey":[],"tweetId":0,"tweet2NdId":0,"displayOverlay":0},"storyTranslationMethod":[],"localisation":[],"path":"\/business\/2024\/12\/11\/bookstore-staffers-receive-holiday-bonuses-from-author-james-patterson","lastModified":1733896391},{"id":2699802,"cid":8902396,"versionId":4,"archive":0,"housenumber":"241210_NCSU_57240577","owner":"euronews","isMagazine":0,"isBreakingNews":0,"daletEventName":"NC5 US MIAMI ART","channels":[{"id":1},{"id":2},{"id":4},{"id":5},{"id":6},{"id":8},{"id":10},{"id":12},{"id":14}],"status":2,"title":"Satellite Art Show, an unusual exhibition","titleSeo":null,"titleListing1":"Satellite Art Show, an unusual exhibition","titleListing2":"Satellite Art Show, an unusual exhibition","leadin":"A group of artists are organising the Satellite Art Show for the 10th year running.","summary":"A group of artists are organising the Satellite Art Show for the 10th year running.","keySentence":"","url":"satellite-art-show-an-unusual-exhibition","canonical":"https:\/\/www.euronews.com\/2024\/12\/10\/satellite-art-show-an-unusual-exhibition","masterCms":"v2","plainText":"The Satellite Art Show event, which is in its 10th year, takes place alongside the annual Art Basel Miami fair in Florida, USA. It is freely accessible to the public, and aims to provoke, entertain and push boundaries.\n\n","htmlText":"<p>The Satellite Art Show event, which is in its 10th year, takes place alongside the annual Art Basel Miami fair in Florida, USA. It is freely accessible to the public, and aims to provoke, entertain and push boundaries.<\/p>\n","hashtag":null,"createdAt":1733836584,"updatedAt":1733869981,"publishedAt":1733859610,"firstPublishedAt":1733859610,"lastPublishedAt":1733869981,"expiresAt":0,"images":[{"url":"https:\/\/static.euronews.com\/articles\/stories\/08\/90\/23\/98\/{{w}}x{{h}}_cmsv2_0e7f3222-f1bd-58be-957f-8e7dfcce2d63-8902398.jpg","altText":"The Satellite Art Show opens its doors, Miami, USA, on 06.12.2024","caption":"The Satellite Art Show opens its doors, Miami, USA, on 06.12.2024","captionUrl":null,"captionCredit":"Capture d'\u00e9cran d'une vid\u00e9o AP","sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"callToActionText":null,"width":1920,"height":1080}],"authors":{"journalists":[{"id":2134,"urlSafeValue":"mauduit","title":"Frederique Mauduit","twitter":null}],"producers":[],"videoEditor":[{"id":2134,"urlSafeValue":"mauduit","title":"Frederique Mauduit","twitter":null}]},"keywords":[{"id":3757,"slug":"miami","urlSafeValue":"miami","title":"Miami","titleRaw":"Miami"},{"id":4159,"slug":"exhibition","urlSafeValue":"exhibition","title":"Exhibition","titleRaw":"Exhibition"},{"id":4164,"slug":"festival","urlSafeValue":"festival","title":"Festival","titleRaw":"Festival"},{"id":15756,"slug":"street-performance","urlSafeValue":"street-performance","title":"street performance","titleRaw":"street performance"},{"id":16196,"slug":"sanatc-","urlSafeValue":"sanatc-","title":"artist","titleRaw":"artist"}],"widgets":[],"related":[{"id":2640950},{"id":2688448},{"id":2692854}],"technicalTags":[],"externalPartners":{"youtubeId":"cw8drg2FL7I","dailymotionId":"x9akziy"},"hasExternalVideo":1,"video":1,"videos":[{"format":"mp4","quality":"md","type":"normal","url":"https:\/\/video.euronews.com\/mp4\/med\/EN\/NC\/SU\/24\/12\/10\/en\/241210_NCSU_57240577_57240894_60000_143126_en.mp4","editor":"","duration":60000,"filesizeBytes":7665820,"expiresAt":0},{"format":"mp4","quality":"hd","type":"normal","url":"https:\/\/video.euronews.com\/mp4\/EN\/NC\/SU\/24\/12\/10\/en\/241210_NCSU_57240577_57240894_60000_143126_en.mp4","editor":"","duration":60000,"filesizeBytes":11679900,"expiresAt":0}],"liveStream":[{"startDate":0,"endDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":1,"sources":[],"externalSource":null,"additionalSources":"","additionalReporting":"AP - EURONEWS","freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"nocomment","urlSafeValue":"nocomment","title":"No Comment","online":1,"url":"\/nocomment"},"vertical":"news","verticals":[{"id":1,"slug":"news","urlSafeValue":"news","title":"News"}],"primaryVertical":{"id":1,"slug":"news","urlSafeValue":"news","title":"News"},"themes":[{"id":"news","urlSafeValue":"news","title":"World","url":"\/news\/international"}],"primaryTheme":{"id":1,"urlSafeValue":"news","title":"World"},"advertising":0,"advertisingData":{"startDate":0,"endDate":0,"type":null,"slug":null,"title":null,"disclaimerLabelKey":null,"sponsor":null,"sponsorName":null,"sponsorUrl":null,"sponsorLogo":"","sponsorLogoReverse":"","isDfp":0},"geoLocation":{"lat":0,"lon":0},"location":1,"continent":{"id":4392,"urlSafeValue":"america","title":"America"},"country":{"id":447,"urlSafeValue":"usa","title":"USA","url":"\/news\/america\/usa"},"town":{"id":3757,"urlSafeValue":"miami","title":"Miami"},"contextualSignals":{"doubleVerify":{"ids":["80023001","84011001","84012001"],"slugs":["aggregated_all_moderate_content","arts_and_entertainment","arts_and_entertainment_general"]}},"grapeshot":null,"versions":[],"programDeliverable":{"slug":"sujet","format":"default"},"showOpinionDisclaimer":0,"allViews":0,"allViewsMeta":{"pointOfView":[],"survey":[],"tweetId":0,"tweet2NdId":0,"displayOverlay":0},"storyTranslationMethod":{"id":1,"slug":"deepl","isAutomatic":1,"isActive":1},"localisation":{"producerLanguage":"fr","storyId":8902398,"online":1},"path":"\/video\/2024\/12\/10\/satellite-art-show-an-unusual-exhibition","lastModified":1733869981},{"id":2699800,"cid":8902382,"versionId":1,"archive":0,"housenumber":"241210_NWSU_57240653","owner":"euronews","isMagazine":0,"isBreakingNews":0,"daletEventName":"Rupert Murdoch\u2019s attempt to change his family\u2019s trust over Fox News media empire control rejected","channels":[{"id":1},{"id":2},{"id":3},{"id":4},{"id":5},{"id":10},{"id":12},{"id":14}],"status":2,"title":"Succession battle: Murdoch loses court fight to change family trust","titleSeo":null,"titleListing1":"Succession battle: Murdoch loses court fight to change family trust","titleListing2":"Succession battle: Murdoch loses court fight to change family trust","leadin":"The trust divides control of the company equally among four of Rupert Murdoch's children - Prudence, Elisabeth, Lachlan and James - after he dies. Lachlan Murdoch has been the head of Fox News and News Corp since late last year, when his father stepped down.","summary":"The trust divides control of the company equally among four of Rupert Murdoch's children - Prudence, Elisabeth, Lachlan and James - after he dies. Lachlan Murdoch has been the head of Fox News and News Corp since late last year, when his father stepped down.","keySentence":"","url":"succession-battle-murdoch-loses-court-fight-to-change-family-trust","canonical":"https:\/\/www.euronews.com\/business\/2024\/12\/10\/succession-battle-murdoch-loses-court-fight-to-change-family-trust","masterCms":"v2","plainText":"A court has ruled against Rupert Murdoch's effort to change his family's trust to give one of his sons control of his media empire and ensure Fox News maintains its conservative editorial slant, according to a sealed document obtained by The New York Times.\n\nIn a decision filed on Saturday, a probate commissioner in Nevada concluded that Murdoch, 93, and his son, Lachlan Murdoch, had acted in \"bad faith\" in their efforts to amend the irrevocable trust, The New York Times has reported. \n\nThe trust divides control of the company equally among four of Rupert Murdoch's children - Prudence, Elisabeth, Lachlan and James - after he dies. Oldest son Lachlan has been the head of Fox News and News Corp since late last year, when his father stepped down.\n\nThe elder Murdoch had argued that, to preserve his businesses' commercial value for all his heirs, the trust needed to be changed to allow Lachlan Murdoch to maintain Fox News' conservative bent. James and Elisabeth Murdoch are both known to have less-conservative political views than their father or brother, potentially complicating efforts to ensure that Fox News remains conservative.\n\nA \"carefully crafted charade\"\n\nIn his 96-page opinion, Nevada Probate Commissioner Edmund J. Gorman Jr. of the Second Judicial District Court characterised the plan to change the trust as a \"carefully crafted charade\" to \"permanently cement Lachlan Murdoch's executive roles\" inside the empire \"regardless of the impacts such control would have over the companies or the beneficiaries\" of the family trust.\n\nAdam Streisand, a lawyer for Rupert Murdoch, told the newspaper that his client and his client's son were disappointed with the ruling and intended to appeal.\n\nSiblings have hope for rebuilding relationships\n\nA spokesperson for Prudence, Elisabeth and James Murdoch said in an emailed statement to The Associated Press that they welcome the ruling and hope that their family can \"move beyond this litigation to focus on strengthening and rebuilding relationships among all family members\".\n\nGorman in his conclusion said: \"The effort was an attempt to stack the deck in Lachlan Murdoch's favor after Rupert Murdoch's passing so that his succession would be immutable. The play might have worked; but an evidentiary hearing, like a showdown in a game of poker, is where gamesmanship collides with the facts and at its conclusion, all the bluffs are called and the cards lie face up.\"\n\nHe added: \"The court, after considering the facts of this case in the light of the law, sees the cards for what they are and concludes this raw deal will not, over the signature of this probate commissioner, prevail.\"\n\n","htmlText":"<p>A court has ruled against Rupert Murdoch's effort to change his family's trust to give one of his sons control of his media empire and ensure Fox News maintains its conservative editorial slant, according to a sealed document obtained by The New York Times.<\/p>\n<p>In a decision filed on Saturday, a probate commissioner in Nevada concluded that Murdoch, 93, and his son, Lachlan Murdoch, had acted in \"bad faith\" in their efforts to amend the irrevocable trust, The New York Times has reported. <\/p>\n<p>The trust divides control of the company equally among four of Rupert Murdoch's children - Prudence, Elisabeth, Lachlan and James - after he dies. Oldest son Lachlan has been the head of Fox News and News Corp since late last year, when his father stepped down.<\/p>\n<div class=\"c-widget-related\" data-stories-id=\"8545938,7911540\" data-event=\"widget_related\">\n <div class=\"c-widget-related__title\">\n <b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b>\n <\/div>\n <ul class=\"c-widget-related__list\">\n <li class=\"c-widget-related__item\"><a class=\"c-widget-related__article\" href=https://www.euronews.com/"https:////www.euronews.com//business//2023//09//21//media-mogul-rupert-murdoch-steps-down-as-chair-of-global-media-empire/">Media mogul Rupert Murdoch steps down as chair of global media empire<\/a><\/li><li class=\"c-widget-related__item\"><a class=\"c-widget-related__article\" href=https://www.euronews.com/"https:////www.euronews.com//culture//2024//07//02//rupert-murdochs-tubi-enters-uks-busy-free-streaming-market/">Rupert Murdoch's Tubi enters UK's busy free streaming market<\/a><\/li>\n <\/ul>\n<\/div>\n\n\n<p>The elder Murdoch had argued that, to preserve his businesses' commercial value for all his heirs, the trust needed to be changed to allow Lachlan Murdoch to maintain Fox News' conservative bent. James and Elisabeth Murdoch are both known to have less-conservative political views than their father or brother, potentially complicating efforts to ensure that Fox News remains conservative.<\/p>\n<h2>A \"carefully crafted charade\"<\/h2><p>In his 96-page opinion, Nevada Probate Commissioner Edmund J. Gorman Jr. of the Second Judicial District Court characterised the plan to change the trust as a \"carefully crafted charade\" to \"permanently cement Lachlan Murdoch's executive roles\" inside the empire \"regardless of the impacts such control would have over the companies or the beneficiaries\" of the family trust.<\/p>\n<p>Adam Streisand, a lawyer for Rupert Murdoch, told the newspaper that his client and his client's son were disappointed with the ruling and intended to appeal.<\/p>\n<h2>Siblings have hope for rebuilding relationships<\/h2><p>A spokesperson for Prudence, Elisabeth and James Murdoch said in an emailed statement to The Associated Press that they welcome the ruling and hope that their family can \"move beyond this litigation to focus on strengthening and rebuilding relationships among all family members\".<\/p>\n<p>Gorman in his conclusion said: \"The effort was an attempt to stack the deck in Lachlan Murdoch's favor after Rupert Murdoch's passing so that his succession would be immutable. The play might have worked; but an evidentiary hearing, like a showdown in a game of poker, is where gamesmanship collides with the facts and at its conclusion, all the bluffs are called and the cards lie face up.\"<\/p>\n<p>He added: \"The court, after considering the facts of this case in the light of the law, sees the cards for what they are and concludes this raw deal will not, over the signature of this probate commissioner, prevail.\"<\/p>\n","hashtag":null,"createdAt":1733836574,"updatedAt":1733839392,"publishedAt":1733839360,"firstPublishedAt":1733839360,"lastPublishedAt":1733839360,"expiresAt":0,"images":[{"sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"captionCredit":"Noah Berger\/Copyright 2023 The AP. All rights reserved.","altText":"File picture of Rupert Murdoch","callToActionText":null,"width":1920,"caption":"File picture of Rupert Murdoch","url":"https:\/\/static.euronews.com\/articles\/stories\/08\/90\/23\/82\/{{w}}x{{h}}_cmsv2_7d96090a-ef18-5940-90d5-ef4cafeadfaf-8902382.jpg","captionUrl":null,"height":1278}],"authors":{"journalists":[],"producers":[],"videoEditor":[]},"keywords":[{"urlSafeValue":"rupert-murdoch","titleRaw":"Rupert Murdoch","id":8449,"title":"Rupert Murdoch","slug":"rupert-murdoch"},{"urlSafeValue":"fox-news","titleRaw":"Fox News","id":28678,"title":"Fox News","slug":"fox-news"},{"urlSafeValue":"media","titleRaw":"Media","id":188,"title":"Media","slug":"media"}],"widgets":[{"count":1,"slug":"related"}],"related":[{"id":2677416}],"technicalTags":[],"externalPartners":[],"hasExternalVideo":0,"video":0,"videos":[],"liveStream":[{"endDate":0,"startDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":2,"sources":[],"externalSource":"APTN","additionalSources":"","additionalReporting":"Lily Swift","freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"business","urlSafeValue":"business","title":"Business","online":0,"url":"https:\/\/www.euronews.com\/business\/business\/business"},"vertical":"business","verticals":[{"urlSafeValue":"business","id":11,"title":"Business","slug":"business"},{"urlSafeValue":"culture","id":10,"title":"Culture","slug":"culture"}],"primaryVertical":{"id":11,"slug":"business","urlSafeValue":"business","title":"Business"},"themes":[{"urlSafeValue":"business","id":"business","title":"Business","url":"\/business\/business"},{"urlSafeValue":"culture-news","id":"culture-news","title":"Culture news","url":"\/news\/international"}],"primaryTheme":{"id":7,"urlSafeValue":"business","title":"Business"},"advertising":0,"advertisingData":{"startDate":0,"endDate":0,"type":null,"slug":null,"title":null,"disclaimerLabelKey":null,"sponsor":null,"sponsorName":null,"sponsorUrl":null,"sponsorLogo":"","sponsorLogoReverse":"","isDfp":0},"geoLocation":{"lat":0,"lon":0},"location":1,"continent":{"id":4392,"urlSafeValue":"america","title":"America"},"country":{"id":447,"urlSafeValue":"usa","title":"USA","url":"\/news\/america\/usa"},"town":[],"contextualSignals":{"doubleVerify":{"ids":[],"slugs":[]}},"grapeshot":null,"versions":[],"programDeliverable":{"slug":"sujet","format":"default"},"showOpinionDisclaimer":0,"allViews":0,"allViewsMeta":{"pointOfView":[],"survey":[],"tweetId":0,"tweet2NdId":0,"displayOverlay":0},"storyTranslationMethod":[],"localisation":[],"path":"\/business\/2024\/12\/10\/succession-battle-murdoch-loses-court-fight-to-change-family-trust","lastModified":1733839360},{"id":2699734,"cid":8902086,"versionId":1,"archive":0,"housenumber":"241210_BZSU_57239799","owner":"euronews","isMagazine":0,"isBreakingNews":0,"daletEventName":"NEXT OPENAI SORA VIDEO","channels":[{"id":1},{"id":2},{"id":3},{"id":4},{"id":5},{"id":10},{"id":12},{"id":14}],"status":2,"title":"OpenAI releases AI video creator Sora but it won\u2019t be coming to Europe yet","titleSeo":null,"titleListing1":"OpenAI releases AI video creator but it won\u2019t be coming to Europe yet","titleListing2":"OpenAI releases AI video creator Sora but it won\u2019t be coming to Europe yet","leadin":"The ChatGPT maker said it is blocking particularly damaging forms of abuse, such as child sexual abuse materials and sexual deepfakes.","summary":"The ChatGPT maker said it is blocking particularly damaging forms of abuse, such as child sexual abuse materials and sexual deepfakes.","keySentence":"","url":"openai-releases-ai-video-creator-sora-but-it-wont-be-coming-to-europe-yet","canonical":"https:\/\/www.euronews.com\/next\/2024\/12\/10\/openai-releases-ai-video-creator-sora-but-it-wont-be-coming-to-europe-yet","masterCms":"v2","plainText":"OpenAI is releasing its AI-creating video tool to millions of users who pay for ChatGPT, marking the next wave of artificial intelligence.\u00a0\n\nThe company on Monday released the latest version of its Sora video generator, Sora Turbo, which will give people the ability to create 20-second video content that looks photorealistic and adds to fears of more deepfake videos.\u00a0\n\nOpenAI said the product would not be available in the European Economic Area, Switzerland, or the United Kingdom yet, possibly due to regulations, which has been the case for OpenAI\u2019s other products, which reached the European market at a later date.\n\n\u201cWe're going to try our hardest to be able to launch there,\u201d OpenAI CEO Sam Altman said on Monday.\u00a0\n\nThe company also wants to prevent the illegal use of the tool, \"but we also want to balance that with creative expression,\" he added.\u00a0\n\nOpenAI said that it has implemented some safeguards, which include visible watermarks and verification metadata. There will be limits in the beginning on uploading images of people, as the company said it refines its deepfake mitigations.\u00a0\n\nThe company said in a blog post that it was blocking particularly damaging forms of abuse, such as child sexual abuse materials and sexual deepfakes.\n\nModeration of user content will start \u201ca little conservative,\" but if it \"doesn't quite get it right, just give us that feedback,\" Altman said.\u00a0\n\nOpenAI also said Sora still has limitations. \"It often generates unrealistic physics and struggles with complex actions over long durations,\" the company said.\n\nOpenAI first presented Sora in February, but it was only accessible to select film-makers, artists, and safety testers\n\nOpenAI is not the only company to work on AI video tools. Meta is developing Movie Gen and Google has released its Veo video generator. However, both are not available publicly.\u00a0\n\n","htmlText":"<p>OpenAI is releasing its AI-creating video tool to millions of users who pay for <a href=https://www.euronews.com/"https:////www.euronews.com//next//2024//11//30//chatgpt-turns-two-whats-next-for-the-openai-chatbot-that-broke-new-ground-for-ai/">
ChatGPT/strong>/a>, marking the next wave of artificial intelligence.\u00a0<\/p>\n<p>The company on Monday released the latest version of its Sora video generator, Sora Turbo, which will give people the ability to create 20-second video content that looks photorealistic and adds to fears of more deepfake videos.\u00a0<\/p>\n<p><a href=https://www.euronews.com/"https:////www.euronews.com//next//2024//10//09//chatgpt-maker-openai-to-launch-subsidiary-in-paris-as-city-aims-to-become-ai-hub-report/">OpenAI/strong>/a> said the product would not be available in the European Economic Area, Switzerland, or the United Kingdom yet, possibly due to regulations, which has been the case for OpenAI\u2019s other products, which reached the European market at a later date.<\/p>\n<p>\u201cWe're going to try our hardest to be able to launch there,\u201d <a href=https://www.euronews.com/"https:////www.euronews.com//next//2024//11//21//openai-ceo-sam-altman-received-a-paycheck-of-just-over-70000-last-year/">OpenAI CEO Sam Altman<\/strong><\/a> said on Monday.\u00a0<\/p>\n<p>The company also wants to prevent the illegal use of the tool, \"but we also want to balance that with creative expression,\" he added.\u00a0<\/p>\n<div class=\"c-widget-related\" data-stories-id=\"8819996\" data-event=\"widget_related\">\n <div class=\"c-widget-related__title\">\n <b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b>\n <\/div>\n <ul class=\"c-widget-related__list\">\n <li class=\"c-widget-related__item\"><a class=\"c-widget-related__article\" href=https://www.euronews.com/"https:////www.euronews.com//next//2024//10//29//apples-ai-has-now-been-released-but-its-not-coming-to-europe-any-time-soon/">Apple's AI has now been released but it's not coming to Europe any time soon<\/a><\/li>\n <\/ul>\n<\/div>\n\n\n<p>OpenAI said that it has implemented some safeguards, which include visible watermarks and verification metadata. There will be limits in the beginning on uploading images of people, as the company said it refines its deepfake mitigations.\u00a0<\/p>\n<p>The company said in a blog post that it was blocking particularly damaging forms of abuse, such as child sexual abuse materials and sexual deepfakes.<\/p>\n<p>Moderation of user content will start \u201ca little conservative,\" but if it \"doesn't quite get it right, just give us that feedback,\" Altman said.\u00a0<\/p>\n<p><a href=https://www.euronews.com/"https:////www.euronews.com//next//2024//10//22//openais-advanced-voice-mode-is-now-available-in-europe-heres-what-you-can-do-with-it/">OpenAI/strong>/a> also said Sora still has limitations. \"It often generates unrealistic physics and struggles with complex actions over long durations,\" the company said.<\/p>\n<p>OpenAI first presented Sora in February, but it was only accessible to select film-makers, artists, and safety testers<\/p>\n<p>OpenAI is not the only company to work on AI video tools. Meta is developing Movie Gen and Google has released its Veo video generator. However, both are not available publicly.\u00a0<\/p>\n","hashtag":null,"createdAt":1733832906,"updatedAt":1733841471,"publishedAt":1733833559,"firstPublishedAt":1733833559,"lastPublishedAt":1733833559,"expiresAt":0,"images":[{"url":"https:\/\/static.euronews.com\/articles\/stories\/08\/43\/31\/80\/{{w}}x{{h}}_cmsv2_365b6213-1af6-5098-ad62-11290ec82180-8433180.jpg","altText":"The OpenAI logo appears on a mobile phone in front of a computer screen with random binary data, Thursday, March 9, 2023, in Boston.","caption":"The OpenAI logo appears on a mobile phone in front of a computer screen with random binary data, Thursday, March 9, 2023, in Boston.","captionUrl":null,"captionCredit":"Michael Dwyer\/Copyright 2023 The AP. ","sourceUrl":null,"sourceCredit":null,"callToActionUrl":null,"callToActionText":null,"width":6720,"height":4480}],"authors":{"journalists":[{"id":1426,"urlSafeValue":"davies-p","title":"Pascale Davies","twitter":null}],"producers":[],"videoEditor":[]},"keywords":[{"id":28266,"slug":"ai","urlSafeValue":"ai","title":"AI","titleRaw":"AI"},{"id":29194,"slug":"open-ai","urlSafeValue":"open-ai","title":"Open AI","titleRaw":"Open AI"},{"id":389,"slug":"technology","urlSafeValue":"technology","title":"Technology","titleRaw":"Technology"},{"id":12661,"slug":"artificial-intelligence","urlSafeValue":"artificial-intelligence","title":"Artificial intelligence","titleRaw":"Artificial intelligence"},{"id":22394,"slug":"deepfake","urlSafeValue":"deepfake","title":"deepfake","titleRaw":"deepfake"}],"widgets":[{"slug":"related","count":1}],"related":[{"id":2679460},{"id":2696908},{"id":2700124}],"technicalTags":[],"externalPartners":[],"hasExternalVideo":0,"video":0,"videos":[],"liveStream":[{"startDate":0,"endDate":0}],"scribbleLiveId":0,"scribbleLiveRibbon":0,"isLiveCoverage":0,"sourceId":1,"sources":[],"externalSource":null,"additionalSources":null,"additionalReporting":null,"freeField1":null,"freeField2":"","type":"normal","displayType":"default","program":{"id":"tech-news","urlSafeValue":"tech-news","title":"Tech News","online":0,"url":"https:\/\/www.euronews.com\/next\/tech-news\/tech-news"},"vertical":"next","verticals":[{"id":9,"slug":"next","urlSafeValue":"next","title":"Next"}],"primaryVertical":{"id":9,"slug":"next","urlSafeValue":"next","title":"Next"},"themes":[{"id":"tech-news","urlSafeValue":"tech-news","title":"Tech News","url":"\/next\/tech-news"}],"primaryTheme":{"id":40,"urlSafeValue":"tech-news","title":"Tech News"},"advertising":0,"advertisingData":{"startDate":0,"endDate":0,"type":null,"slug":null,"title":null,"disclaimerLabelKey":null,"sponsor":null,"sponsorName":null,"sponsorUrl":null,"sponsorLogo":"","sponsorLogoReverse":"","isDfp":0},"geoLocation":{"lat":0,"lon":0},"location":1,"continent":{"id":4392,"urlSafeValue":"america","title":"America"},"country":{"id":447,"urlSafeValue":"usa","title":"USA","url":"\/news\/america\/usa"},"town":[],"contextualSignals":{"doubleVerify":{"ids":["84091001","84092030","84181001","84182004","84241001","84242001"],"slugs":["hobbies_and_interests","hobbies_and_interests_social_networking","religion_and_spirituality","religion_and_spirituality_buddhism","technology_and_computing","technology_and_computing_general"]}},"grapeshot":null,"versions":[],"programDeliverable":{"slug":"sujet","format":"default"},"showOpinionDisclaimer":0,"allViews":0,"allViewsMeta":{"pointOfView":[],"survey":[],"tweetId":0,"tweet2NdId":0,"displayOverlay":0},"storyTranslationMethod":[],"localisation":[],"path":"\/next\/2024\/12\/10\/openai-releases-ai-video-creator-sora-but-it-wont-be-coming-to-europe-yet","lastModified":1733833559},{"id":2699596,"cid":8901604,"versionId":1,"archive":0,"housenumber":"241210_C2SU_57238532","owner":"euronews","isMagazine":0,"isBreakingNews":0,"daletEventName":"Culture - Google reveals 2024's most searched-for topics and people in UK & US","channels":[{"id":1},{"id":2},{"id":3},{"id":4},{"id":5},{"id":10},{"id":12},{"id":14}],"status":2,"title":"Google reveals 2024's most searched-for topics and people in UK & US","titleSeo":null,"titleListing1":"Google reveals 2024's most searched-for topics and people in UK & US","titleListing2":"Google reveals 2024's most searched-for topics and people in UK & US","leadin":"Google has revealed the most searched topics in 2024, providing a snapshot of what captivated, intrigued and worried searchers online. Euronews Culture focuses on the UK and US lists. Here\u2019s what people were Googling this year.","summary":"Google has revealed the most searched topics in 2024, providing a snapshot of what captivated, intrigued and worried searchers online. Euronews Culture focuses on the UK and US lists. Here\u2019s what people were Googling this year.","keySentence":"","url":"google-reveals-2024s-most-searched-for-topics-and-people-in-uk-us","canonical":"https:\/\/www.euronews.com\/culture\/2024\/12\/10\/google-reveals-2024s-most-searched-for-topics-and-people-in-uk-us","masterCms":"v2","plainText":"The data published by Google, as is customary every December, reveals the search trends of the year.\n\nIn the UK, the Euros, Liam Payne, the US elections, and teenage darts champion Luke Littler ranked high on the most searched, as well as how to get Oasis tickets.\n\nOn the news front, top searches of the year were the final of Euro 2024 in Germany, as well as the tragic death of One Direction star Liam Payne and British teenager Jay Slater, who went missing on the Spanish island of Tenerife.\n\nThe absence of Kate Middleton from royal duties as the Princess of Wales sparked online conversation and plenty of conspiracy theories, making her the most searched for person of the year, followed by Donald Trump, darts champion Luke Littler, Keir Starmer and Algerian boxer Imane Khelif, whose victory over Italy\u2019s Angela Carini during the 2024 Olympic Games brought out the worst in people on social media.\n\nWhen it comes to film, it was Tim Burton's Beetlejuice Beetlejuice that people searched the most this year. Other notable cinematic searches this year include It Ends With Us, Inside Out 2, Dune: Part Two and Deadpool & Wolverine.\n\nEmmy-award-winning series Baby Reindeer led searches in the world of television, while the headline grabbing Oasis reunion dominated music searches. The band were followed by Sabrina Carpenter, One Direction, Dave Grohl and RAYE.\n\nOn the sports front, athletes Luke Littler, Lamine Yamal and Simone Biles were the most searched names.\n\nElsewhere, the race for the White House dominated searches when it came to the question \u201cWhen is...\u201d, followed by the budget and the Euros final, while UK Googlers asked the question \u201cHow to vote in the UK?\u201d the most. This was closely followed by \u201cHow to get Oasis tickets?\u201d and \u201cHow to watch Fury vs Usyk?\u201d.\n\nAcross the pond, the US presidential election unsurprisingly dominated the charts, with the most-searched term closely followed by searches for Donald Trump, whose\u00a0re-election has been the subject of intense buzz and debate. \n\nIt\u2019s not all doom and gloom though, as the New York Times\u2019 word game Connections was also one of the most searched terms on Google this year. \u00a0\n\nThe most searched people in the US were mostly presidential nominees and their running mates. Trump claimed the top spot, followed by Kamala Harris, JD Vance and President Biden. The Princess of Wales was close though, and was one of the most Googled people this year.\n\nThe most searched performers included Katt Williams and his controversial appearance on Shannon Sharpe's\u00a0Club Shay Shay\u00a0podcast, Jacob Elordi (Priscilla and Saltburn), Glen Powell (Twisters) and Jeremy Allen White (The Bear). \u00a0\n\nMeanwhile, the most-searched musician of 2024 in the US was Usher, whose Super Bowl halftime performance and Vegas residency catapulted the R&B icon back into the limelight. Sean \"Diddy\" Combs also dominated searches due to the\u00a0music industry-shaking allegations of sexual misconduct. Kendrick Lamar and Drake also rank high on the list, with their ongoing rap beef making waves.\n\nFinally, US Googlers were very curious about the \u201cburnt toast theory\u201d, which went viral online in 2024. The metaphorical concept suggests that small and seemingly negative events can lead to positive outcomes. A whimsical butterfly effect, if you will. \u00a0\n\nOther top searches reflected the generational struggle to keep up, including defining the \u201cdemure\u201d trend and decoding Gen Alpha slang terms, with the standout question in the US being \u201cWhy do kids say sigma?\".\n\nIn case you were wondering, sigma is a term from a hierarchy for males - apparently humbler than Alpha and referring to someone who is successful and good looking.\n\nKeep it sigma and demure, apparently. \n\n","htmlText":"<p>The data published by Google, as is customary every December, reveals the search trends of the year.<\/p>\n<p>In the UK, the <a href=https://www.euronews.com/"https:////www.euronews.com//culture//2024//06//14//euro-2024-the-teams-bringing-the-best-style-to-the-pitch/">Euros/strong>/a>, <a href=https://www.euronews.com/"https:////www.euronews.com//culture//2024//11//08//three-people-charged-in-connection-with-the-death-of-liam-payne/">Liam Payne<\/strong><\/a>, the <a href=https://www.euronews.com/"https:////www.euronews.com//culture//2024//11//07//the-biggest-celebrity-and-online-reactions-to-donald-trumps-victory/">US elections<\/strong><\/a>, and teenage darts champion Luke Littler ranked high on the most searched, as well as how to get Oasis tickets.<\/p>\n<p>On the news front, top searches of the year were the final of Euro 2024 in Germany, as well as the tragic death of One Direction star Liam Payne and British teenager Jay Slater, who went missing on the Spanish island of Tenerife.<\/p>\n<p>The absence of Kate Middleton from royal duties as the Princess of Wales sparked online conversation and <a href=https://www.euronews.com/"https:////www.euronews.com//culture//2024//03//21//whereiskate-how-the-royal-familys-impossible-demand-for-privacy-created-chaos/">plenty of conspiracy theories<\/strong><\/a>, making her the most searched for person of the year, followed by <a href=https://www.euronews.com/"https:////www.euronews.com//culture//2024//07//19//what-is-it-with-donald-trumps-obsession-with-hannibal-lecter/">Donald Trump<\/strong><\/a>, darts champion Luke Littler, Keir Starmer and Algerian boxer Imane Khelif, whose victory over Italy\u2019s Angela Carini during the 2024 Olympic Games <a href=https://www.euronews.com/"https:////www.euronews.com//culture//2024//08//14//jk-rowling-and-elon-musk-named-in-cyberbullying-lawsuit-filed-by-olympic-champion-imane-kh/">brought out the worst in people on social media<\/strong><\/a>.<\/p>\n<div class=\"widget widget--type-image widget--size-fullwidth widget--animation-fade-in widget--align-center\" data-ratio=\"0.5625\">\n <div class=\"widget__wrapper\">\n <div class=\"widget__ratio widget__ratio--auto\">\n <div class=\"widget__contents\">\n <figure class=\"widget__figure\">\n <img class=\"widgetImage__image\" loading=\"lazy\" src=https://www.euronews.com/"https:////static.euronews.com//articles//stories//08//90//16//04//808x454_cmsv2_5b6ef10a-9fa4-55ae-9b86-d0a0003a6331-8901604.jpg/" alt=\"Imane Khelif\" srcset=\"https:\/\/static.euronews.com\/articles\/stories\/08\/90\/16\/04\/384x216_cmsv2_5b6ef10a-9fa4-55ae-9b86-d0a0003a6331-8901604.jpg 384w, https:\/\/static.euronews.com\/articles\/stories\/08\/90\/16\/04\/640x360_cmsv2_5b6ef10a-9fa4-55ae-9b86-d0a0003a6331-8901604.jpg 640w, https:\/\/static.euronews.com\/articles\/stories\/08\/90\/16\/04\/750x422_cmsv2_5b6ef10a-9fa4-55ae-9b86-d0a0003a6331-8901604.jpg 750w, https:\/\/static.euronews.com\/articles\/stories\/08\/90\/16\/04\/828x466_cmsv2_5b6ef10a-9fa4-55ae-9b86-d0a0003a6331-8901604.jpg 828w, https:\/\/static.euronews.com\/articles\/stories\/08\/90\/16\/04\/1080x608_cmsv2_5b6ef10a-9fa4-55ae-9b86-d0a0003a6331-8901604.jpg 1080w, https:\/\/static.euronews.com\/articles\/stories\/08\/90\/16\/04\/1200x675_cmsv2_5b6ef10a-9fa4-55ae-9b86-d0a0003a6331-8901604.jpg 1200w, https:\/\/static.euronews.com\/articles\/stories\/08\/90\/16\/04\/1920x1080_cmsv2_5b6ef10a-9fa4-55ae-9b86-d0a0003a6331-8901604.jpg 1920w\" sizes=\"(max-width: 768px) 95vw, (max-width: 1024px) 80vw, (max-width: 1280px) 55vw, 728px\"\/>\n <figcaption class=\"widget__caption\">\n <span class=\"widget__captionWrap\">\n <span class=\"widget__captionText\">Imane Khelif<\/span>\n <span class=\"widget__captionCredit\">AP Photo<\/span>\n <\/span>\n <\/figcaption>\n <\/figure>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n<p>When it comes to film, it was Tim Burton's <a href=https://www.euronews.com/"https:////www.euronews.com//culture//2024//08//29//venice-2024-review-beetlejuice-beetlejuice-is-the-juice-back/">Beetlejuice Beetlejuice<\/strong><\/em><\/a> that people searched the most this year. Other notable cinematic searches this year include <em>It Ends With Us<\/em>, <a href=https://www.euronews.com/"https:////www.euronews.com//culture//2024//08//26//inside-out-2-becomes-first-animated-film-to-hit-1-billion-at-international-box-office/">Inside Out 2<\/strong><\/em><\/a>, <a href=https://www.euronews.com/"https:////www.euronews.com//culture//2024//03//01//euronews-cultures-film-of-the-week-dune-part-two-a-bombastic-sequel-in-need-of-closure/">Dune: Part Two<\/strong><\/em><\/a> and <a href=https://www.euronews.com/"https:////www.euronews.com//culture//2024//07//26//euronews-cultures-film-of-the-week-deadpool-wolverine-will-it-save-the-mcu/">Deadpool & Wolverine<\/strong><\/em><\/a>.<\/p>\n<p>Emmy-award-winning series <a href=https://www.euronews.com/"https:////www.euronews.com//culture//2024//09//30//baby-reindeer-judge-rules-series-is-not-a-true-story-real-martha-can-sue-netflix/">Baby Reindeer<\/strong><\/a> led searches in the world of television, while the headline grabbing <a href=https://www.euronews.com/"https:////www.euronews.com//culture//2024//09//03//oasis-ticket-controversy-would-dynamic-pricing-be-legal-at-eu-concerts/">Oasis reunion<\/strong><\/a> dominated music searches. The band were followed by <a href=https://www.euronews.com/"https:////www.euronews.com//culture//2024//12//04//spotify-wrapped-2024-what-are-the-biggest-songs-and-artists-of-the-year/">Sabrina Carpenter<\/strong><\/a>, One Direction, Dave Grohl and <a href=https://www.euronews.com/"https:////www.euronews.com//culture//2024//01//24//brit-awards-2024-raye-makes-history-with-record-breaking-seven-nominations/">RAYE/strong>/a>./p>/n