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Vithun Khamsong | Moment | 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.Investment firms of the ultra-rich are increasingly investing in alternative assets like real estate and venture capital, according to a new survey by BlackRock. Family offices averaged a 42% portfolio allocation to alternatives in recent months, up 3 percentage points from last year, and are making substantial changes to how they invest that capital.Nearly one-third (32%) of single-family offices planned to increase their…
Vaccines Federal agencies Respiratory viruses Prescription drugs See all topics Facebook Tweet Email Link A group of outside advisers to the US Centers for Disease Control and Prevention voted 5-2 to recommend the use of a new shot that can protect babies from respiratory syncytial virus, adding an additional tool against the most common cause of hospitalization in infants. The vote was the first for the newly assembled group, which was appointed by US Health and Human Services Secretary Robert F. Kennedy Jr. earlier this month after he dismissed the previous panel of 17 experts, claiming they had conflicts of…
Data cybersecurity company Rubrik announced Wednesday its intent to acquire Predibase. Predibase is a venture-backed startup that helps companies train and fine-tune open source AI models to customize them to their needs. Rubrik is the latest company to make an acquisition with the goal of boosting enterprise AI agent adoption. Terms of the deal were not disclosed, though CNBC reported that the deal was between $100 million and $500 million, a sizable range. Rubrik declined to comment on the deal size. Predibase was founded in 2021 by Devvret Rishi, current CEO; Piero Molino, current chief science officer; and Travis Addair, current…
The Trump administration plans to hold a classified briefing for senators today on recent U.S. airstrikes against Iran’s nuclear sites amid a partisan political debate over the true impact of the bombing raids on Tehran’s nuclear program.The White House is expected to send four senior officials to brief senators: Secretary of State Marco Rubio, CIA Director John Ratcliffe, Defense Secretary Pete Hegseth and Gen. Dan Caine, the chairman of the Joint Chiefs of Staff, two sources with knowledge of the matter said. Tulsi Gabbard, the director of national intelligence, is not scheduled to take part in the briefing, according to the…
WASHINGTON (AP) — The Supreme Court is in the final days of a term that has lately been dominated by the Trump administration’s emergency appeals of lower court orders seeking to slow President Donald Trump’s efforts to remake the federal government.But the justices also have six cases to resolve that were argued between January and mid-May. One of the argued cases was an emergency appeal, the administration’s bid to be allowed to enforce Trump’s executive order denying birthright citizenship to U.S.-born children of parents who are in the country illegally.The remaining opinions will be delivered Friday, Chief Justice John Roberts…
NEW YORK (AP) — Two days of closing arguments in Sean “Diddy” Combs ’ sex trafficking trial began on Thursday with a prosecutor telling the jury the hip-hop mogul used “power, violence and fear” to rule a criminal enterprise that facilitated kidnapping, arson and brutal sex crimes that she said were at the heart of the case.Assistant U.S. Attorney Christy Slavik provided the jury with a road map for a closing argument expected to last several hours.She described Combs as someone “who doesn’t take no for an answer,” while he committed crimes of sex trafficking and racketeering conspiracy for two…
A still from Disney and Pixar’s animated film “Elio.”DisneyDisney’s Pixar animation studio had its worst opening ever over the weekend — and its problems aren’t unique.”Elio,” the story of a young boy who is mistakenly identified as Earth’s ambassador to the universe, tallied just $21 million in ticket sales during its first three days in theaters, a record low for the studio.The underwhelming performance fits a recent pattern among Pixar’s releases. While franchise films have lured in moviegoers, the studio’s original fare has had far less success in recent years.Just look at 2023’s “Elemental,” which brought in the previous lowest-opening…
Vaccines Federal agencies Respiratory viruses Children’s health See all topics Facebook Tweet Email Link At the start of an unprecedented meeting of vaccine committee of the US Centers for Disease Control and Prevention, the agency scientists who normally generate and interpret data to inform this group’s votes were in an unusual position: answering questions and countering statements that cast doubt on the safety and efficacy of approved vaccines. In Wednesday’s meeting, the agency experts answered polite but atypical queries about Covid-19 illnesses and vaccines, many focused on whether data could have been biased or misinterpreted, and whether patients counted as…
by Sarah Kuta Last updated: 2:35 PM ET, Wed June 25, 2025 In February 2013, a sunny cruise vacation took a dramatic turn. After a fire broke out in the engine room, Carnival Triumph lost power in the Gulf of Mexico, stranding thousands of passengers on the vessel for roughly four days.Now, 12 years later, a new show on Netflix is revisiting the disastrous voyage, dubbed the “poop cruise” because the toilets stopped working and sewage flooded parts of the ship. Called “Trainwreck: Poop Cruise,” the 55-minute episode looks back on the chaotic situation—and the media frenzy that surrounded it. Everything…
Meta announced on Wednesday that it’s adding an AI-powered summaries feature to WhatsApp. The optional new feature uses Meta AI to summarize unread messages in a chat. This summary would only be visible to you, not others in your chat, the company notes. The feature builds on the AI technology that Meta released in April, which allowed the company to implement AI features that don’t impact encryption or user privacy. “Message Summaries uses Private Processing technology, which allows Meta AI to generate a response without Meta or WhatsApp ever seeing your messages or the private summaries. No one else in…