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NoneMorgan Stanley got regulatory approval to locate its Middle East headquarters in Saudi Arabia , joining Wall Street rivals including Citigroup Inc . and Goldman Sachs Group Inc . in expanding their presence in the kingdom. "Establishing a regional HQ in Riyadh reflects the growth and development of Saudi Arabia and is a natural progression of our long history in the region," said Abdulaziz Alajaji, the chief executive officer for Saudi Arabia and the bank's co-head of the Middle East and North Africa region said in a statement on Sunday. Under new rules that came into force this year, firms must have a regional base in Saudi Arabia with at least 15 employees, including executives overseeing other countries, or risk losing business with the kingdom's vast network of government entities. The move is part of a plan by the Saudi government to cut down on what it calls "economic leakage," a term it uses for state spending that can benefit firms in neighboring business hubs, most prominently Dubai and Abu Dhabi. Morgan Stanley has been present in Saudi Arabia since 2007, when it set up an equity trading business in Riyadh, and became one of the first international asset managers to launch a Saudi equity fund two years later. Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Advanced Java Mastery: Object-Oriented Programming Techniques By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Intermediate C++ Skills: Master Pointers, Structures and File Stream By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Startup Fundraising: Essential Tactics for Securing Capital By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Finance AI and Generative AI for Finance By - Hariom Tatsat, Vice President- Quantitative Analytics at Barclays View Program Marketing Digital Marketing Masterclass by Neil Patel By - Neil Patel, Co-Founder and Author at Neil Patel Digital Digital Marketing Guru View Program Web Development Intermediate Java Mastery: Method, Collections, and Beyond By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program Strategy Succession Planning Masterclass By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd. View Program Office Productivity Advanced Excel Course - Financial Calculations & Excel Made Easy By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Leadership Business Storytelling Masterclass By - Ameen Haque, Founder of Storywallahs View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Leadership Validating Your Startup Idea: Steps to Ensure Market Fit By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Office Productivity Excel Essentials to Expert: Your Complete Guide By - Study At Home, Quality Education Anytime, Anywhere View Program Web Development JavaScript Essentials: Unlock AI-Driven Insights with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Microsoft Word Mastery: From Beginner to Expert By - CA Raj K Agrawal, Chartered Accountant View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, IT Specialist and Developer View Program CEO Ted Pick was among a host of executives and investors to speak at Saudi Arabia's flagship Future Investment Initiative last month. In recent months, BlackRock Inc. and Lazard Inc. have joined the ranks of firms granted HQ licenses in the kingdom, while State Street Corp has said it will apply for one. (You can now subscribe to our Economic Times WhatsApp channel )

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(CNN) — The Pentagon is unlikely to use all of the billions of dollars authorized by Congress to arm Ukraine before President Joe Biden leaves office, according to two US officials and three defense officials. The administration has less than two months left to use nearly $7 billion, part of a larger package authorized by Congress earlier this year to help Ukraine in the war with Russia. The funding allows the Defense Department to draw from its own stockpiles to send weapons, but shortages have limited how much the US can send to Kyiv in recent months. For months, the US has run into the limits of its ability to replenish its own weapons inventories, which limited what the Biden administration has been able to send Ukraine. The US has been growing its capacity to produce critical munitions, such as 155mm artillery shells, since virtually the beginning of the war nearly three years ago, but the ramp up in production is not yet complete. The Pentagon had pledged to use all of the remaining authority to provide the military aid as the situation has grown more urgent given the size of Russian attacks on Ukraine, including the recent first-time use of an intermediate-range ballistic missile with multiple warheads. The Wall Street Journal first reported the news. Last week, deputy Pentagon press secretary Sabrina Singh said the administration is “committed to using the full authority that Congress has allotted to us.” State Department officials briefed Congress this month that the administration is still working to allocate the remaining funds, according to a congressional source familiar with the matter. But with only 55 days left until President-elect Donald Trump takes office, the US still has $6.8 billion left in authority to ship weapons directly from US inventories to Ukraine. Trump is unlikely to continue providing the same level support to Kyiv, and CNN reported Wednesday that his pick to be national security adviser, Mike Waltz, is weighing several proposals to end a war that the president-elect claimed on the campaign trail he could end in one day. In the time the administration has left, one defense official said the size of the individual military aid packages is likely to increase but acknowledged using the remaining funds within such a short time is “going to be a challenge.” Earlier Wednesday, a senior Biden administration official said Ukraine should lower the recruiting age for its military to 18 years old from where it currently stands at 25, calling the need “critical.” The official argued that the most urgent need is not weapons but fresh manpower to train so that current troops can be rotated out and those who have been killed can be replaced. “As you look at the battlefront and the needs, the progress that the Russians have made, particularly in the east, the physics of it, the pure math of it is you need bodies,” said the official. “You need manpower. You need soldiers.” The US has been able to authorize military aid packages totaling approximately $750 million per month recently, according to one US official. This fall, DoD increased the size of the military aid packages at the request of Biden and national security adviser Jake Sullivan, the official said. “We’re basically trying to do everything we can to leave everything on the table and put Ukraine in the strongest position,” the official said. Now, the administration is working to increase that amount to about $1 billion per month in the time remaining, a second US official said, but that will still leave billions unused. Both officials said there are still large quantities of weapons and equipment that will arrive in Ukraine before the start of the Trump administration on January 20, including hundreds of air defense missiles. Then it will be up to the new administration to decide whether to continue to flow weapons to Kyiv or use the remaining authority to send new military aid packages. In September, Biden committed billions of dollars in military aid to Ukraine as President Volodymyr Zelensky visited the White House. But the US was not able to send all of the aid at once, instead breaking it down into smaller packages announced approximately every two weeks. “As part of the surge in security assistance that President Biden announced on September 26, the Department remains committed to providing Ukraine with the capabilities it needs to fight Russian aggression through the end of the Administration,” a defense official told CNN. The Biden administration has continued to announce military aid packages twice a month, but the US is still far short of the pace required to use the remaining money. In the previous two months, the US announced a total of $1.9 billion in Ukraine assistance across five different aid packages, a number that would have to triple to use what’s left to give from the Biden administration. The last package, announced on November 20, was worth $275 million and included much-needed artillery rounds and drones. Biden led a concerted effort to convince some skeptical Republicans in Congress, including House Speaker Mike Johnson, to pass a supplemental funding bill in April that included $61 billion in aid for Ukraine. “It’s going to make America safer. It’s going to make the world safer. And it continues America’s leadership in the world,” Biden said upon signing the bill on April 24. The US announced a $1 billion military aid package for Ukraine that same day. But the value of aid packages quickly dipped , as the stockpiles of weapons and equipment the Pentagon was able to send Kyiv dwindled. The-CNN-Wire TM & © 2024 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.Nasdaq Private Market Announces 2024 Executive Leadership Team PromotionsAP Trending SummaryBrief at 2:28 p.m. EST

Cardinals' sudden 3-game tailspin has turned their once solid playoff hopes into a long shotMOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Dec 9, 2024-- Intuit Inc. (NASDAQ: INTU) and Amazon (NASDAQ: AMZN) today announced a multi-year strategic partnership to empower millions of Amazon sellers to manage their finances, stay compliant, access capital, and grow their business. By leveraging Intuit’s AI-driven expert platform, millions of Amazon sellers will be able to discover and access Intuit’s platform seamlessly, benefiting from powerful financial insights like profitability, cash flow, and estimated tax liabilities to fuel their growth. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241209817038/en/ Intuit and Amazon expand strategic partnership (Graphic: Business Wire) QuickBooks will become Amazon’s preferred partner for financial management solutions integrated directly in Amazon Seller Central, the Amazon site where sellers manage their businesses. “Intuit and Amazon are providing financial tools for millions of Amazon sellers to thrive in Amazon’s store,” said Intuit CEO Sasan Goodarzi. “We know businesses that use Intuit’s QuickBooks platform have a nearly 20-point higher success rate than those who don’t. We’re proud to partner with Amazon to bring the benefits of our AI-driven expert platform to help sellers boost their revenue and profitability, save time, and grow with confidence.” “Amazon is innovating on behalf of sellers every day to support the growth and success of their businesses, which includes providing sellers with streamlined access to third-party tools that offer additional efficiencies and capabilities to help them operate their business,” said Dharmesh Mehta, VP WW Selling Partner Services at Amazon. “Together with Intuit, we’re working to equip our selling partners with additional financial tools and access to capital to help them scale efficiently.” This partnership will help Amazon sellers manage and grow their businesses with real-time financial updates, powered by new integrations. Sellers will have the ability to bring their existing Amazon data into Intuit’s AI-powered business platform, ultimately making it easier for sellers to understand and optimize profitability, manage cash flow, access capital, and simplify taxes with confidence. Key benefits for sellers include: A pathway to growth Intuit’s AI-powered business platform helps small and mid-market businesses gain deep insights into where they stand and helps them stay compliant and organized so they can focus on growing their business. This includes access to a robust financial and workforce management platform, with multi-entity financial management, payroll, bill pay and payments, marketing automation, live expert help, third-party integrations, and more. Intuit's objective is to leverage its platform capabilities to grow with Amazon sellers and fuel their success. A strong commitment to responsible AI and data stewardship Intuit’s AI-driven expert platform and products are built in keeping with the company’s commitment to data privacy, security, and responsible AI governance. Intuit safeguards customer data and protects privacy using industry-leading technology and practices and adheres to responsible AI principles. Intuit is a member of the U.S. Artificial Intelligence Safety Institute Consortium, established by the National Institute of Standards and Technology (NIST). Availability Intuit and Amazon will start rolling out these capabilities in mid-2025. The companies will initially focus on delivering capabilities for sellers in the U.S., with international availability to follow. About Intuit Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax , Credit Karma , QuickBooks , and Mailchimp , we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services. View source version on businesswire.com : https://www.businesswire.com/news/home/20241209817038/en/ CONTACT: Media Contact: Sara Day, Intuit PR 650-336-3123 sara_day@intuit.com KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA CANADA INDUSTRY KEYWORD: SOFTWARE ACCOUNTING ONLINE RETAIL INTERNET PROFESSIONAL SERVICES BUSINESS FINTECH ELECTRONIC COMMERCE TECHNOLOGY ARTIFICIAL INTELLIGENCE RETAIL FINANCE SOURCE: Intuit Inc. Copyright Business Wire 2024. PUB: 12/09/2024 04:00 PM/DISC: 12/09/2024 04:02 PM http://www.businesswire.com/news/home/20241209817038/en

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LAS VEGAS — There are three races remaining in the Formula 1 season and Max Verstappen of Red Bull is close to a fourth consecutive world championship, which can wrap up Saturday night at the Las Vegas Grand Prix. All is not smooth sailing headed into this final month of racing: "It was a bit of a surprise, I think, for everybody," said Mercedes driver George Russell, a GPDA director. "It's a hell of a lot of pressure now onto the new race director (with) just three races left. Often, as drivers, we probably feel like we're the last to find out this sort of information." The Andretti team is expected to receive F1 approval to join the grid, albeit without Michael Andretti, who has scaled back his role dramatically since the IndyCar season ended in September. Many drivers, particularly seven-time champion Lewis Hamilton, have been at odds with FIA President Mohammed Ben Sulayem since his election following the 2021 season finale. In the GDPA statement, they reminded the sanctioning body "our members are adults" who don't need lectures and fines on foul language or jewelry bans, and simply want fair and consistent race control. There's been no response from Ben Sulayem, and won't be this weekend since he does not attend the LVGP. He will be at Qatar and the finale in Abu Dhabi next month. Hamilton doesn't think all the behind-the-scenes changes will be a fan topic as the season comes to a close. But he noted that consistency from race control is all the drivers have asked for, while throwing his support behind Domenicali and the job Maffei has done in growing F1 since Liberty took over. "I really hope Stefano is not leaving because he's been so instrumental in changes and progress to this whole thing," Hamilton said. "And he knows the sport as well as anyone. But all good things do come to an end, and whoever they put into place, I just hope they are like-minded. But sometimes you have to shake the trees." That's just what happened with the surprise departure of race director Wittich. Although drivers have been unhappy with race officiating this season and held a private GPDA meeting in Mexico City, Russell said they had no prior warning Wittich was out. The race director is the referee each weekend and Wittich has been in charge since 2022, when Michael Masi was fired following the controversial 2021 season-ending, championship-altering finale at Abu Dhabi. Now the man in charge for the final three races is Rui Marques, the Formula 2 and Formula 3 race director. Las Vegas, which overcame multiple stumbling blocks in last year's debut before putting on one of the best races of the season, is a difficult place to start. Verstappen can win his fourth title by simply scoring three points more than Lando Norris of McLaren. "It's a bit weird with three races to go to do that," Verstappen said. "It doesn't matter if you're positive or negative about certain things. I thought in Brazil there was definitely room for improvement, for example. It's still a bit weird having to now then deal with a different race director." Charles Leclerc of Ferrari wondered why the move was made with only three races to go. "To do it so late in the season, at such a crucial moment of the season, it could have probably been managed in a better way," he said. The drivers have consistently asked for clearer guidelines in the officiating of races, specifically regarding track limits and racing rules. The drivers have no idea how Marques will officiate, highlighting a disconnect between the competitors and Ben Sulaymen's FIA. "We just want to be transparent with the FIA and have this dialogue that is happening," Russell said. "And I think the departure of Niels is also a prime example of not being a part of these conversations." The GDPA statement made clear the drivers do not think their voice is being heard. "If we feel we're being listened to, and some of the changes that we are requesting are implemented, because ultimately we're only doing it for the benefit of the sport, then maybe our confidence will increase," Russell said. "But I think there's a number of drivers who feel a bit fed up with the whole situation. It only seems to be going in the wrong direction." He also said the relationship between the drivers and the FIA seems fractured. "Sometimes just hiring and firing is not the solution," he said. "You need to work together to improve the problem." Norris, who has battled Verstappen this year with mixed officiating rulings, said "obviously things are not running as smoothly as what we would want." Marques has his first driver meeting ahead of Thursday night's two practice sessions and then three weeks to prove to the competitors he is up for the job. Carlos Sainz Jr., who will leave Ferrari for Williams at the end of the season, hopes the drama doesn't distract from the momentum F1 has built over the last five years. "I think Formula 1 is in a great moment right now and all these rumors, I think in every team, every job, there's job changes," he said. "It's not big drama. I'm a big fan of the people you mentioned, they've done an incredible job in Formula 1 and Formula 1 is what it is thanks to these people. But it's just so emotional, especially the Stefano one. The only one that has a real effect is the race director. But I think if he does a good job, it should be transparent and nothing big." Get local news delivered to your inbox!Wild first season in expanded Big 12 comes down to final weekend

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WASHINGTON — Millions of Americans with obesity would be eligible to have popular weight-loss drugs like Wegovy or Zepbound covered by Medicare or Medicaid under a new rule the Biden administration proposed Tuesday morning. The costly proposal from the U.S. Department of Health and Human Services immediately sets the stage for a showdown between the powerful pharmaceutical industry and Robert F. Kennedy Jr., an outspoken opponent of the weight-loss drugs who, as President-elect Donald Trump’s nominee to lead the agency, could block the measure. While the rule would give millions of people access to weekly injectables that have helped people shed pounds so quickly that some have labeled them miracle drugs, it would cost taxpayers as much as $35 billion over the next decade. “It’s a good day for anyone who suffers from obesity,” U.S. Health and Human Services Secretary Xavier Becerra told The Associated Press in an interview. “It’s a game changer for Americans who can’t afford these drugs otherwise.” The rule would not be finalized until January, days after Trump takes office. A bipartisan coalition of congressional members has lobbied for the drugs to be covered by Medicare, saying it could save the government from spending billions of dollars on treating chronic ailments that stem from obesity. While it’s unclear where Trump himself stands on coverage of the weight-loss drugs, his allies and Cabinet picks who have vowed to cut government spending could balk at the upfront price tag. Under the proposal, only those who are considered obese — someone who has a body mass index of 30 or higher — would qualify for coverage. Some people may already get coverage of the drugs through Medicare or Medicaid, if they have diabetes or are at risk for stroke or heart disease. Becerra estimated that an additional 3.5 million people on Medicare and 4 million on Medicaid could qualify for coverage of the drugs. But research suggests far more people might qualify, with the Centers for Medicare and Medicaid Services estimating roughly 28 million people on Medicaid are considered obese. Medicare has been barred from offering the drugs under a decades-old law that prohibits the government-backed insurance program from covering weight-loss products. The rule proposed by the Biden administration, however, would recognize obesity as a disease that can be treated with the help of the drugs. The anti-obesity drug market has expanded significantly in recent years, with the Food and Drug Administration approving a new class of weekly injectables like Novo Nordisk’s Wegovy and Eli Lilly’s Zepbound to treat obesity. People can lose as much as 15% to 25% of their body weight on the drugs, which imitate the hormones that regulate appetites by communicating fullness between the gut and brain when people eat. The cost of the drugs has largely limited them to the wealthy, including celebrities who boast of their benefits. A monthly supply of Wegovy rings up at $1,300 and Zepbound will put you out $1,000. Shortages of the drugs have also limited the supplies. Kennedy, who as Trump’s nominee for HHS secretary is subject to Senate confirmation, has railed against the drugs’ popularity. In speeches and on social media, he’s said the U.S. should not cover the drugs through Medicaid or Medicare. Instead, he supports a broad expansion of coverage for healthier foods and gym memberships. “For half the price of Ozempic, we could purchase regeneratively raised, organic food for every American, three meals a day and a gym membership, for every obese American,” Kennedy said to a group of federal lawmakers during a roundtable earlier this year. Ozempic is a diabetes drug that can stimulate weight loss.Hess Midstream LP Publishes Sustainability Report

Best TV of 2024: A modestly better lineup than usual, but why didn’t it feel that way?

Levittown family returns home for Thanksgiving after devastating fireIt’s almost time for Spotify Wrapped. When can you expect your 2024 recap?

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