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Laurene Powell Jobs attends the Clinton Global Initiative 2024 Annual Meeting at New York Hilton Midtown on September 24, 2024 in New York City. John Nacion | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox.Fears of an artificial intelligence bubble roiled the stock market in February, but investment firms of ultra-wealthy families still made bullish bets on high-flying AI startups. For instance, Laurene Powell Jobs’ investment and philanthropy firm Emerson Collective joined a…

Eli Lilly on Thursday launched a new program designed to help more employers cover obesity drugs in the U.S., targeting a major barrier to access for patients. Lilly and its chief rival, Novo Nordisk, have moved to slash the cash prices of their popular obesity injections for those who want to pay entirely out-of-pocket. But employer coverage of obesity drugs remains uneven due to high costs, leaving roughly half of people with commercial insurance unable to start or stay on treatment, Lilly said in a release. List prices for Lilly’s weight loss and diabetes treatments, Zepbound and Mounjaro, top $1,000 per month.Nearly…

Toward the end of a long session at the high-ceilinged New Jersey Assembly Building in early May 1967, Assemblyman Vito Albanese rose to his feet and announced that someone had tried to bribe him to kill a bill.The assembly floor exploded in response, with members shouting and leaping to their feet, as the speaker banged his gavel to quiet the crowd. “There’s no question,” Albanese, a stout, white-haired Democrat, shouted over the noise. “Yes, I tell you, I was approached!”The bill in question would have dissolved the town of Teterboro, New Jersey — a tiny municipality that at the time…

The prediction market Kalshi wants you to know that it definitely doesn’t run “death markets.”In a notice filed Monday, the company proposed standardizing the terms of all its markets that implicitly depend on a person surviving.If a person dies, according to the new rule, all bets related to them will be paid out at the odds that existed just before they died or their death was “reasonably anticipated by market participants.” The rule goes into effect March 17, according to the notice.The update comes after Kalshi paid $2.2 million to resolve complaints from users who were confused by the way…

In an era of appetite-suppressing drugs, the parent company of brands like Cinnabon, Jamba, and McAlister’s Deli says it’s built to handle changing cravings.”We recognize that trend really well,” GoTo Foods CEO Omer Gajial said in a recent interview with Business Insider, noting that GLP-1 use is expected to expand dramatically over the next several years.Gajial sees opportunity for innovation across even GoTo Foods’ most indulgent brands as the use of weight-loss drugs expands and consumers increasingly prioritize protein, fiber, and digestive health.Still, it’s tough to apply a wellness lens to sweet-treat icons like Cinnabon — and not just because of…

In late 2022, when ChatGPT was first blowing everyone’s minds, Kenji didn’t really get it. Sure, it did some pretty cool things. But so had plenty of other generative AI models he’d tinkered with over the years. What so many outsiders thought was a world-changing breakthrough seemed to him, a machine learning engineer, much closer to an incremental improvement. All the fear that AI would swallow up everyone’s jobs felt overblown. He certainly didn’t think it could do his job anytime soon.About a year ago, though, he began to feel less sure. The AI tools he was using in his…

US trade groups are pressing President Donald Trump and his administration to quickly pay tariff refunds to small businesses.In a joint press release, the Consumer Technology Association and the US Chamber of Commerce said they had filed a brief on Wednesday in V.O.S. Selections, Inc. v. Trump, a lawsuit by small businesses seeking refunds from Trump’s sweeping tariffs.”The brief argues that an efficient, orderly process to deliver refunds is in the best interest of all parties — the Administration, the courts, and American businesses,” the press release wrote.”On behalf of the hundreds of thousands of businesses, especially small businesses, that are now…

2026-03-05T02:10:19.912Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. A Supreme Court ruling recently struck down President Donald Trump’s IEEPA tariffs. A federal judge on Wednesday said companies are entitled to benefit from that ruling. US Customs must recalculate duties on imports, disregarding Trump’s IEEPA tariffs, per court order. A federal trade judge on Wednesday cleared the path…

Morgan Stanley is reducing its global workforce by 3%.The reductions are expected to impact roughly 2,500 positions out of the about 83,000 the firm reported at the end of 2025, a person familiar with the situation confirmed to Business Insider, adding that they will take place in early March. The Wall Street Journal first reported Morgan Stanley’s cuts on Wednesday afternoon.The cuts will be global and span the firm’s three primary business units: Institutional Securities, Wealth Management, and Investment Management. The rationale for the reduction is a combination of shifting business priorities, a revised global location strategy, and individual performance…

Brandon Wright, who is suing over his termination from the Department of Homeland Security following his meeting with a James O’Keefe operative. O’Keefe is a self styled journalist who has been running sting operations against federal workers and contractors with the help of young women on online dating sites. Tyrone Turner/WAMU hide caption toggle caption Tyrone Turner/WAMU Brandon Wright was fresh off a brutal divorce when he joined a dating app in Washington. A woman who called herself Heidi caught his attention right away. “The very first thing she asked me when she connected, she said, ‘So you’re like the…