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Tag: Companies

  • Trump says Microsoft is one of the companies eyeing TikTok

    Trump says Microsoft is one of the companies eyeing TikTok

    President Donald Trump said Monday evening that Microsoft is among the U.S. companies looking to take control of TikTok to help the popular app avert an effective ban that could kick-in in April.

    “I would say yes,” Trump told reporters when asked if Microsoft was one of the companies interested in helping to bring about a new ownership of TikTok, a requirement set by Congress to keep the app functioning in the U.S.

    Trump added that other companies were also interested in purchasing TikTok, but wouldn’t provide a list.

    “I like bidding wars because you make your best deals,” Trump said as he spoke to reporters aboard Air Force One while flying back to Washington from Miami, where Republican House members were holding a conference.

    Microsoft declined to comment. Representatives for TikTok did not immediately respond to a request for comment.

    In one of his first acts in office last week, Trump extended the deadline for TikTok to find new ownership that satisfies the government by 75 days, to April 4 from January 19.

    The president has said that he’s looking for the ultimate purchaser to give the U.S. a 50% stake in the company, which is owned by China-based ByteDance. But the details remain murky, and its unclear whether he’s proposing control of the app by the government or another U.S. entity.

    Last week, the artificial intelligence startup Perplexity AI presented a new proposal to ByteDance that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok’s U.S. business, according to a person familiar with the matter.

    Several other investors — including billionaire Frank McCourt and Trump’s former Treasury Secretary Steven Mnuchin — have spoken publicly about their desire to purchase TikTok’s U.S. platform. Trump has also said he’s spoken to “many people” privately about the company.

    After the bipartisan law was signed by former President Joe Biden in April, ByteDance said it did not have plans to sell the platform and fought the statute in court for months. China also rebuked Washington over the divestment push, though more recently it appears to be softening its stance.

    In media interviews last week, Bill Ford, the chairman of the global investing firm General Atlantic and a ByteDance board member, said the company is prepared to engage with the Trump administration and Chinese officials to find a solution that keeps TikTok available. He also floated the idea that there could be a solution short of a full divesture by ByteDance.

    Lawmakers and officials in both parties have raised national security concerns about Chinese ownership and potential manipulation on the immensely popular platform, which is used by more than 170 million U.S. users.

    Trump was in favor of a TikTok ban before he reversed his position last year. He credits the platform with helping him win more young voters during the recent presidential election.

    Microsoft, along with Walmart, made a failed bid for TikTok during Trump’s first term after Trump tried to ban the app. Microsoft CEO Satya Nadella later described it as the “strangest thing I’ve ever worked on.”

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  • Killing of UnitedHealthcare CEO spotlights complex challenge companies face in protecting top brass

    Killing of UnitedHealthcare CEO spotlights complex challenge companies face in protecting top brass

    NEW YORK — He’s one of the most famous and widely admired corporate leaders in the world. But it’s the haters that companies like Mark Zuckerberg’s Meta worry about.

    In an era when online anger and social tensions are increasingly directed at the businesses consumers count on, Meta last year spent $24.4 million on guards, alarms and other measures to keep Zuckerberg and the company’s former chief operating officer safe.

    Some high-profile CEOs surround themselves with security. But the fatal shooting this week of UnitedHealthcare CEO Brian Thompson while he walked alone on a New York City sidewalk has put a spotlight on the widely varied approaches companies take in protecting their leaders against threats.

    Thompson had no personal security and appeared unaware of the shooter lurking before he was gunned down.

    And today’s political, economic and technological climate is only going to make the job of evaluating threats against executives and taking action to protect them even more difficult, experts say.

    “We are better today at collecting signals. I’m not sure we’re any better at making sense of the signals we collect,” says Fred Burton of Ontic, a provider of threat management software for companies.

    After Thompson’s shooting, Burton said, “I’ve been on the phone all day with some organizations asking for consultation, saying, ’Am I doing enough?”

    Some of the biggest U.S. companies, particularly those in the tech sector, spend heavily on personal and residential security for their top executives.

    Meta, whose businesses include Facebook and Instagram, reported the highest spending on personal security for top executives last year, filings culled by research firm Equilar show.

    Zuckerberg “is synonymous with Meta and, as a result, negative sentiment regarding our company is directly associated with, and often transferred to, Mr. Zuckerberg,” the Menlo Park, California, company explained earlier this year in an annual shareholder disclosure.

    At Apple, the world’s largest tech company by stock valuation, CEO Tim Cook was tormented by a stalker who sent him sexually provocative emails and even showed up outside his Silicon Valley home at one point before the company’s security team successfully took legal action against her in 2022.

    Cook is regularly accompanied by security personnel when he appears in public. Still, the company’s $820,000 allotted last year to protect top executives is a fraction of what other tech giants spent for CEO security.

    Just over a quarter of the companies in the Fortune 500 reported spending money to protect their CEOs and other top executives. Of those that did, the median payment for personal security doubled over the last three years to about $98,000.

    In many companies, investor meetings like the one UnitedHealthcare’s Thompson was walking to when he was shot are viewed as very risky because details on the location and who will be speaking are highly publicized.

    “It gives people an opportunity to arrive well in advance and take a look at the room, take a look at how people would probably come and go out of a location,” said Dave Komendat, president of DSKomendat Risk Management Services, which is based in the greater Seattle area.

    Some firms respond by beefing up security. For example, tech companies routinely require everyone attending a major event, such as Apple’s annual unveiling of the next iPhone or a shareholder meeting, to go through airport-style security checkpoints before entering.

    Others forgo in-person meetings with shareholders, including Amazon, which holds its annual shareholder meetings virtually.

    “But there are also company cultures that really frown on that and want their leaders to be accessible to people, accessible to shareholders, employees,” Komendat said.

    Depending on the company, such an approach may make sense. Many top executives are little known to the public, operating in industries and locations that make them far less prone to public exposure and to threats.

    “Determining the need for and appropriate level of an executive-level protection program is specific to each organization,” says David Johnston, vice president of asset protection and retail operations at the National Retail Federation. “These safeguards should also include the constant monitoring of potential threats and the ability to adapt to maintain the appropriate level of security and safety.”

    Some organizations have a protective intelligence group that uses digital tools such as machine learning or artificial intelligence to comb through online comments to detect threats not only on social media platforms such as X but also on the dark web, says Komendat. They look for what’s being said about the company, its employees and its leadership to uncover risks.

    “There are always threats directed towards senior leaders at companies. Many of them are not credible,” Komendat said. “The question always is trying to determine what is a real threat versus what is someone just venting with no intent to take any additional action.”

    Burton, a former special agent with the U.S. Diplomatic Security Service, points out that despite the current climate, there is little in the way of organized groups that target companies.

    Today, one of the primary worries are loners whose rantings online are fed by others who are like-minded. It’s up to corporate security analysts to zero in on such dialogue and decide whether or not it represents a real threat.

    And CEOs aren’t the only targets of disgruntled customers. In the U.S., there were 525 workplace fatalities due to assault in 2022, according to the National Safety Council. Industries including healthcare, education and service providers are more prone to violence than others, and taxi drivers are more than 20 times more likely to be murdered on the job than other workers, the group said.

    But the ambush of UnitedHealthcare’s Thompson this week is bound to get some CEOs second-guessing.

    “What invariably happen at moments like this in time is you will get additional ears listening” to security professionals seeking money to beef up executive protection, Burton says.

    “Because I can guarantee you there’s not a CEO in America who’s not aware of this incident.”

    ___

    Associated Press writers Anne D’Innocenzio and Haleluya Hadero in New York contributed.

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  • US expands list of Chinese technology companies under export controls

    US expands list of Chinese technology companies under export controls

    BANGKOK — The U.S. Commerce Department has expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software.

    The 140 companies newly included in the so-called “entity list” are nearly all based in China. But some are Chinese-owned businesses in Japan, South Korea and Singapore.

    The revised rules were posted Monday on the website of the U.S. Federal Register for publication later this week. They also limit exports of high-bandwidth memory chips to China. Such chips are needed to process massive amounts of data in advanced applications such as artificial intelligence.

    China’s Commerce Ministry protested and said it would act to protect its “rights and interests,” without giving any details.

    “This is a typical act of economic coercion and non-market practice,” the ministry said in a statement.

    Commerce Secretary Gina Raimondo said the move was intended to impair China’s ability to use advanced technologies that “pose a risk to our national security.”

    The addition of the companies to the “entity list” means that export licenses will likely be denied for any U.S. company trying to do business with them.

    Washington has been gradually expanding the number of companies affected by such export controls, as the administration of President Joe Biden has encouraged an expansion of investments in and manufacturing of semiconductors in the U.S.

    “The purpose of these Entity List actions is to stop PRC (Chinese) companies from leveraging U.S. technology to indigenously produce advanced semiconductors,” Matthew S. Axelrod, the assistant secretary for export enforcement, said in a statement. “By adding key semiconductor fabrication facilities, equipment manufacturers, and investment companies to the Entity List, we are directly impeding the PRC’s military modernization, WMD (weapons of mass destruction) programs, and ability to repress human rights.”

    China has accused the U.S. of pursuing “technology hegemony,” as Washington steps up pressure on Chinese tech giant Huawei and other Chinese manufacturers of advanced technology by blocking access to American suppliers.

    It particularly objects to what it calls “long-arm jurisdiction” moves such as the U.S. decision to extend export controls to companies to apply to chip-making equipment makers in South Korea, Taiwan and Singapore if they use any U.S. technology that might be sold to China.

    Pressure from Washington has spurred China to step up its efforts to develop its own advanced computer chips and other technologies, providing billions in subsidies and investments for the industry. Chinese manufacturers have made quick progress even though they remain years behind in some areas.

    Shares in Japanese computer chip makers and makers of related equipment surged Tuesday, with testing equipment maker Advantest surging 4.6%, Tokyo Electron gaining 4.6% and Applied Materials up 4.9%. Disco Corp., another chipmaker, jumped 6.9%, while the Tokyo benchmark Nikkei 225 stock index gained 2.3%.

    Meanwhile, China’s Naura Technology Group, whose companies were included in the new list, fell 3% and Piotech Inc., another chipmaker, lost 5.3%.

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  • FSSAI Instructs Online Food Delivery Companies To Ensure 45-Day Expiry Of Their Products

    FSSAI Instructs Online Food Delivery Companies To Ensure 45-Day Expiry Of Their Products

    Amid rising consumer complaints, food regulator FSSAI on Tuesday directed e-commerce players selling food items on their platforms to ensure a minimum shelf life of 30 per cent or 45 days before expiry, at the time of delivery to customers.

    According to an official statement, Food Safety & Standards Authority of India (FSSAI) convened a meeting with e-commerce Food Business operators (FBOs) to reinforce compliance requirements for e-commerce FBOs.

    “The (FSSAI) CEO asked the e-commerce FBOs to adopt practices to ensure minimum shelf life of 30 per cent or 45 days before expiry at the time of delivery to the consumer,” the statement said.

    Rao, who chaired the meeting, clarified that any product claims made on e-commerce platforms must align with the information provided on the product labels and in adherence to FSSAI’s Labelling and Display Regulations.

    He also cautioned the FBOs against making unsupported claims online.

    “This would prevent misleading information and protect consumers’ right to accurate product details,” the regulator said.

    Rao highlighted the pivotal role of online platforms in protecting consumer health and promoting transparency. He reiterated the mandate that no FBO can operate on any e-commerce platform without a valid FSSAI license or Registration, emphasizing the critical need for regulatory compliance.

    In a move to ensure safe food handling at every level, he instructed FBOs to implement proper training programs for delivery personnel, empowering them with essential food safety and hygiene protocols.

    Additionally, Rao emphasized the importance of delivering food items and non-food items separately to the consumers to avoid potential contamination.

    In his concluding remarks, the CEO, FSSAI underscored the need for all e-commerce FBOs to adhere to food safety standards diligently.

    He emphasized that a transparent, compliant, and accountable e-commerce food sector is vital for protecting consumer health and fostering confidence in digital food marketplaces.

    The session was attended by over 200 participants joined both physically and virtually from across the country, underscoring the significant commitment to strengthening food safety standards within the e-commerce sector.

    Earlier this month, the FSSAI asked state authorities to increase surveillance in warehouses of e-commerce operators and issue standard operating procedures (SoPs) for delivery personnel to ensure safe food to consumers.

    In its 45th Central Advisory Committee (CAC) meeting on November 7, States and Union Territories were urged to ramp up surveillance at popular tourist destinations to ensure heightened safety standards in preparation for the peak tourist season from November through March.

    Rao had asked “Food Commissioners of various states to step up surveillance on warehouses and other facilities utilised by e-commerce platforms.” He also asked for SOPs to be issued for such warehouses, as well as delivery personnel of these platforms.

    “States/UTs were asked to increase surveillance samples and were also asked to deploy Food Safety on Wheels mobile vans for this purpose,” the regulator said.

    (Disclaimer: Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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