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China is massively expanding its weather-modification program, saying it will be able to cover half the country in artificial rain and snow by 2025

Summary List PlacementChina is massively expanding its weather-control project, and is aiming to be able to cover half the country in artificial rain and snow by 2025, the government said Tuesday. The practice of "cloud seeding" was discovered in the US in 1946 by a chemist working for General Electric. China launched its own similar program in the 1960s. Dozens of other countries — including the US — also have such programs, but Beijing has the world's largest, employing around 35,000 people, The Guardian reported. In a statement, China's State Council said that the country's cloud seeing project will expand fivefold to cover an area of 2.1 million square miles and be completed by 2025. (China encompasses 3.7 million square miles, meaning the project could cover 56% of the country's s...

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Trump praised QAnon followers in a White House meeting, calling them people who ‘believe in good government,’ report says

Summary List PlacementPresident Donald Trump in a White House meeting praised the far-right QAnon movement, describing it as people who "believe in good government," reported The Washington Post Thursday.  The movement believes, groundlessly, that a cabal of Satanic child abusers secretly manipulates the world. It first emerged on messaging boards, but has in recent months been embraced by some pro-Trump lawmakers, while its conspiracy theories and slogans have been used by the Trump campaign.  According to the Post, Trump was in a recent meeting with figures including chief of staff Mark Meadows and Senate Majority Leader Mitch McConnell, when he brought up Marjorie Taylor Greene. In November, Greene became the first candidate who openly advocates the conspiracy theory to win election...

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Athleta CEO reveals plan to turn 2 million new customers into brand loyalists after the activewear company pivoted to selling masks during the pandemic

Summary List PlacementThough it's been an especially challenging year for Gap Inc., Athleta is proving to be a bright spot amid its pandemic woes.  Athleta reported a whopping 35% increase in sales, to $292 million, in the third quarter of 2020 — solidifying itself as its parent company's "fastest growing brand," Gap Inc. CEO Sonia Syngal said on a call with investors last week. Company-wide net sales at Gap Inc. were flat year-over-year. While the athletic wear subsidiary has long been a source of growth for its parent company, posting several consecutive quarters of sales gains in recent years, revenue has soared to new levels thanks in large part to the rise in popularity of its masks during the coronavirus pandemic.  Athleta CEO Mary Beth Laughton told Business Insider that since it...

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Biden asked Fauci to be his chief medical advisor, and Fauci said yes ‘on the spot’

Summary List PlacementDr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, will be President-elect Joe Biden's chief medical advisor once Biden enters the White House in January. Biden on Thursday asked Fauci to take up the role, he told CNN Thursday. Fauci told NBC's "Today" show Friday that he had said yes "on the spot."  Biden's COVID-19 team met with Fauci for the first time on Thursday. "I asked him to stay on the exact same role he's had for the past several presidents, and I asked him to be a chief medical adviser for me as well, and be part of the COVID team," Biden told CNN. Biden unveiled his 13-person COVID-19 advisory board in November. The panel will be led by three chairs: Vivek Murthy, a former surgeon general; Marcella Nunez-Smit...

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Here are the 17 stocks best-positioned to benefit from a booming supersonic jet industry that will be worth $340 billion by 2040, UBS says

Summary List PlacementBy 2040, UBS envisions business travellers will once again be jetting around the globe faster than the speed of sound. A recent UBS evidence lab survey found around 25% of over 6,000 respondents would be willing to pay for speed. The last time passengers could travel at supersonic speeds was in 2003 when Concorde made its final flight. However, UBS is predicting a return to supersonic travel. In a new evidence lab report released on December 1, UBS equity analysts take a deep dive into the current, and future, state of the industry. "We  see  supersonic  bizjets  viable  in  the  late-'20s  and  supersonic  commercial  jets  in  the  mid-to-late-'30s with  hypersonic  travel  a  decade  later," UBS equity analyst Myles Walton said. " Implications beyond aero/airlin...

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Razer’s Ornata V2 is a great gaming keyboard for those who want the mechanical feel without the high price

  Summary List Placement With customizable lighting, dedicated media controls, and a plush detachable wrist rest the Razer Ornata V2 improves on its predecessor. The idea behind hybrid keyboards is to bring a mechanical key feel and sound to a cheaper membrane design. This is a comfortable and accurate keyboard for gaming or work-related typing. You may also be interested in our picks of the best keyboards, the best gaming keyboards, or the best ergonomic keyboards. Sign up for Insider Reviews' weekly newsletter for more buying advice and great deals. Table of Contents: Masthead Sticky If you can't decide between the clickety-clack of a mechanical keyboard and the softer feel of membrane keys, then the Razer Ornata V2 might be the perfect middle ground  Razer has managed to pack a lot in

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[FREE SLIDE DECK] Accelerator Snapshot: Wells Fargo

Summary List PlacementA number of major banks have launched fintech accelerator programs in recent years, likely in response to the need to introduce new digital financial services. In accelerator programs, banks provide startups with access to mentorship, development resources, and sometimes funding opportunities. In return, banks can leverage the innovative solutions that fintech startups offer to support their own digital transformation efforts and remain competitive. In 2014, US-based bank Wells Fargo, which spends billions of dollars on technology initiatives annually, launched the Wells Fargo Startup Accelerator. In this Accelerator Snapshot, Insider Intelligence details the goals, operations, and notable participants of Wells Fargo's accelerator program. This exclusive report can b

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10 things you need to know before the opening bell

Summary List PlacementWelcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. For the biggest stories in politics, sign up here for 10 Things in Politics You Need to Know Today - launching soon! Here's what you need to know before markets open. 1. Global stocks gain as lawmakers inch toward compromise on relief. See what markets are doing today. 2. Oil nears $50 after OPEC+ agrees to raise supply in January. Producers agreed to cautiously raise output by 500,000 barrels per day, well below the expected 2 million barrels per day. 3. Stimulus compromise backed by top Democrats scraps $1,200 direct payments. Absent from the package is another wave of relief payments that economists say is critical to aid the virus-slammed economy. 4. Paul ...

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Trump is reportedly furious with officials because the UK approved a coronavirus vaccine before the US

Summary List PlacementPresident Trump's is reportedly angry with the US vaccine approval agency after the United Kingdom became the first country to approve a coronavirus vaccine. Trump has repeatedly expressed his frustration with the Food and Drug Administration (FDA) over what he perceives to be a delay to its vaccine approval process. Publications including CNN reported that "agitation" among White House officials increased when the UK on Wednesday approved the Pfizer vaccine, becoming the first country in the world to do so. Antony Fauci, the top US infectious disease expert, on Wednesday said the UK's vaccine approval process had not been as "careful" as the FDA's but later apologised and suggested his comments had been misinterpreted. The president tweets frequently about the Pf...

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Trump is holding out on supporting the $908 billion COVID-19 stimulus bill despite more lawmakers rallying round it

Summary List PlacementPresident Donald Trump does not support the $908 billion compromise COVID-19 stimulus bill, presenting a significant barrier event as it gains momentum with lawmakers.  The plan, written by a group of lawmakers from both parties, has gained support from leading Democrats and some GOP senators as pressure builds to provide a second round of relief in the pandemic.  It stands in contrast to a much more restrictive bill preferred by Senate Majority Leader Mitch McConnell, who is leading the negotiations from the GOP side. Trump appeared to offer some hope on Thursday, but his officials later poured cold water on the idea that he could be brought to accept the $908 billion plan. Asked whether he supports "this bill" at a press conference Thursday, Trump said: "I will, ...

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Biden said he personally doesn’t care if Trump goes to his inauguration, but it would be important to show ‘an end to this chaos’

Summary List PlacementPresident-elect Joe Biden said he doesn't personally care if President Donald Trump goes to his inauguration, but that the attendance would be important for the country. In an interview with CNN on Thursday, Biden was asked if he thinks it's important for Trump to attend his inauguration on January 20, 2021 — something that is customary for outgoing presidents to do, but which Trump has not yet confirmed he will be doing. In fact, Trump is still refusing to concede the 2020 election to Biden — despite Biden's winning nearly a month ago. The Daily Beast reported last month that Trump may hold a rally on Biden's inauguration day, as the president continues to hint at at possible 2024 run for the White House. Biden said Trump's attendance at his inauguration is "impor...

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Inside S&P’s $44 billion deal for IHS Markit — Lone Pine Capital’s big year — Deloitte focuses on the cloud

Summary List PlacementHappy Friday! It's fitting that we're just one week into the last month of 2020, yet it has already been a wild one from a dealmaking perspective.  If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals. Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.  Inside S&P's $44 billion bid for IHS Markit, where in-person meetings were key Dealmaking in 2020 has been largely virtual, but sometimes you just need to get in a room together and talk it through.  That was the case with S&P's $44 billion bid for IHS Markit. As the deal neared the finish line, senior executives on both sides agreed to mee...

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Committee calls for investigation into ‘missing’ $67 billion, which may be stashed in homes, according to UK ministers

Summary List PlacementAbout $67 billion in cash is "missing," possibly stashed in homes or used in the "shadow" economy, a group of UK ministers said Friday.  Nobody at the Bank of England seems to care too much about where the $67 billion in banknotes has gone. This was the view expressed on Friday by the Public Accounts Committee (PAC), which is responsible for overseeing government expenditures. The committee accused the Bank of England of having a "lax attitude" about where the nation's cash supply is ending up.  The money has been "stashed somewhere but the Bank of England doesn't know where, who by or what for – and doesn't seem very curious," said Meg Hillier, a Labour minister and the PAC's chair. "Depending where it is and what it's being used for, that amount of money could h...

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Oil nears $50 for the first time since the start of the pandemic after OPEC+ agrees to a gradual output increase of just 500,000 barrels a day in January

Summary List Placement Oil prices neared $50 for the first time since its historic crash this year after OPEC+ agreed to raise supply in January.  Producers agreed to increase output by 500,000 barrels per day in January, far lower than the 2 million barrels expected. Plans on further output levels will be decided at future meetings. Commerzbank said it doesn't share the oil market's positive interpretation and attributes the latest price strength primarily to speculative buying. Visit Business Insider's homepage for more stories. Oil prices jumped to their highest level since the start of the pandemic after OPEC and Russia-led producers agreed to a small increase in output in January. Global benchmark Brent crude rose 2%, to $49.70 a barrel, and US benchmark West Texas Intermediate ...

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