New polling suggests proposals to support family adult caregivers could influence voters in competitive congressional races.
Caregiving for adult relatives can cost thousands. AARP survey finds support could matter to midterm voters
Source: CNBC
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Oil prices fall as Saudi defense minister travels to Iran for talks to de-escalate conflict
Oil prices fell as investors weighed the threat of further attacks on Saudi Arabian energy infrastructure against concerns that elevated prices could erode demand.
The Guardian
Anthropic files for stock market IPO; Meta announces $95bn fundraising drive to pay for AI expansion – business live
Meta says share sale will support its “continued investment in AI infrastructure and personal superintelligence”, as Elon Musk warns some AI cloud computing firms face ‘guppy-level death’ UK government borrowing costs are dropping this morning, a welcome sign ahead of Wednesday’s budget. The yield (or interest rate) on 10 and 30-year UK gilts have both dropped by around three basis points (0.03 of a percentage point) this morning. Issuing loans to public financial institutions creates a financial asset that offsets the increase in outstanding government debt. If the investments that the PuFins make generate sufficient returns for the PuFins to repay their government loans, then long term debt sustainability is little affected. Limited transparency and the risk that the PuFins may suffer impairments on their investments will probably make bond market investors skeptical of the extra gilt
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Apollo to buy nearly 10% stake in Abu Dhabi-backed alternative asset manager Mubadala Capital
The deal further advances Apollo Global's ambitions in Abu Dhabi, often called the "capital of capital."
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Fanatics teams up with OpenAI for new AI-powered shopping suggestion feature
Fanatics is using AI to help shoppers navigate more than 1.5 million items of sports merchandise, with a Shop the Look feature powered by OpenAI Codex.
The Guardian
UK looking to give carmakers incentives to turn EVs into ‘power plants on wheels’
V2G tech enables drivers to charge automatically when electricity is cheaper and then sell some back to the grid at times of high demand Business live – latest updates Electric cars that can be used as “power plants on wheels” could be given government backing as part of plans under consideration to help UK manufacturers. Ministers are considering giving manufacturers incentives to add “vehicle to grid” (V2G) technology to cars as part of its review of the zero-emission vehicle (ZEV) mandate. Continue reading...
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Marc Lore’s Wonder bets on Texas, automation and user-built restaurants as it mulls IPO
Wonder is leaning into automation and user-built restaurants as founder Marc Lore prepares the startup for a potential IPO.