Standard Chartered CEO Bill Winters on Taking Risks
Standard Chartered CEO Bill Winters says he encourages people to take risks if they want to get ahead in their career. "You can play it safe and just wait for the opportunity to climb the greasy pole, or you can do something special", he says. Winters was reflecting on a decade at the helm of the UK bank in an interview with Bloomberg's Francine Lacqua.
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Business Wire
36 minutes ago
- Business Wire
Dxcover Launches US Operations to Commercialize Its AI-Powered Multiomic Cancer Detection Test
NASHVILLE, Tenn.--(BUSINESS WIRE)--Dxcover, a UK-based company improving early cancer detection with its AI-powered multiomic technology, announced today the launch of its United States headquarters in Nashville, Tennessee. The move reflects Dxcover's commitment to commercializing its PANAROMIC™ cancer test in the world's biggest life sciences market. "The launch of our U.S. headquarters in Nashville represents a major value-building milestone for Dxcover as we accelerate our mission to make early cancer detection accessible everywhere." Matthew J. Baker, Ph.D., CEO and Co-founder of Dxcover Share Dxcover's innovative Drop. Dry. Detect. ™ approach offers a cost-effective, high-throughput, non-invasive cancer screening platform. The new facilities will allow the company to forge partnerships with local biotech and healthcare organizations, advance local manufacturing of its innovative infrared spectroscopy platform and serve as a research and development hub aimed at extending Dxcover's leadership in cancer diagnostics innovation. Matthew J. Baker, Ph.D., CEO and Co-founder of Dxcover said: "The launch of our U.S. headquarters in Nashville represents a major value-building milestone for Dxcover as we accelerate our mission to make early cancer detection accessible everywhere. 'Nashville is well known for its dynamic business environment in the healthcare field and we look forward to collaborating with research institutes, health organizations, and biotech start-ups to promote precision medicine and enhance early cancer detection solution access. Organizations such as Life Science Tennessee and BioTN are vital to the enhancement of life sciences innovation, and Dxcover is eager to be an active member of this growing collective.' Dxcover's PANAROMIC™ technology is transforming cancer screening through a multiomic approach through infrared spectroscopy and AI-driven spectral analysis. Unlike genetic-marker-based tests, Dxcover's platform captures the complete biological signature from a tiny blood sample, enabling earlier diagnosis and better patient outcomes. The technology is scalable and already demonstrated proof-of-concept in various forms of cancer, including brain, colorectal, lung, and pancreatic cancers. Dxcover aims to bring high-tech diagnostics to underserved populations, enhancing global healthcare equity. About Dxcover Limited Dxcover's proprietary PANAROMIC™ Platform shines light on the difficulty of early cancer diagnosis. By utilizing a multiomic spectral analysis (MOSA-Dx™) approach to detect cancer, the platform can detect the presence of disease with minute volumes of liquid sample, with a turnaround time of one day. This technology goes beyond other liquid biopsy methods by harnessing the power of AI to capture the promise of the multiome, allowing early-stage detection of a range of solid tumors. Dxcover's unique AI algorithms are built on data; over 9000 patients and 250,000 spectra ensure robust diagnostic performance that can be tuned for high sensitivity or specificity. The test result is designed to be a valuable tool for clinicians to make rapid and appropriate patient management decisions. Dxcover's proprietary technology is patented globally. Dxcover's HQ is in Glasgow, UK, with their USA HQ located in Nashville, Tennessee. Dxcover's vision is to be the world leader in liquid biopsy and artificial intelligence in the early detection of cancer for better survival and quality of life. The mission is to deploy the Dxcover Platform for the triage of high-mortality and hard to diagnose cancers in high-risk populations, enabling access to value-based cancer care. For further information
Yahoo
37 minutes ago
- Yahoo
Trump's Chip Tariff Threat Sparks Pushback From Auto Industry to Tech
(Bloomberg) -- Blowback to President Donald Trump's idea of tariffs on imported semiconductors is proving to be broad and deep, stretching from auto companies and boat makers to the technology industry and crypto enthusiasts, according to a review of more than 150 public comments on the proposal. Bezos Wedding Draws Protests, Soul-Searching Over Tourism in Venice US State Budget Wounds Intensify From Trump, DOGE Policy Shifts Commuters Risk Lives in Johannesburg With Taxi Groups at War The possible levy of up to 25% has united rivals like Tesla Inc., General Motors Co. and Ford Motor Co. in voicing reservations. It's brought together industry lobbies from the Crypto Council for Innovation to the National Marine Manufacturers Association. Even Taiwan and the People's Republic of China are finding common cause, along with predictable parts of the tech sector including chipmakers and wireless providers. The reason is that chips are now in almost everything: refrigerators and microwaves, tire pressure sensors and navigation systems, electronic bidets and sonar equipment and, of course, smartphones and computers. Tariffs threaten to snarl supply lines and jack up costs for consumers. 'There's a large mismatch between the amount of chips we use in this country in various products and the supply created here in the US,' JoAnne Feeney, a partner and portfolio manager at Advisors Capital Management, said in an interview. 'Putting a tax on those imports will simply raise the cost, and that's not a good thing for consumers.' Case in point is the marine association, which warns the impact would be felt by more than 1,300 manufacturers who face higher expenses for essentials like propulsion technology, engines and GPS systems. 'These systems are not optional luxuries — they are fundamental to safety, function and performance,' the association said. 'Many components have no US equivalent or are only available from highly concentrated suppliers overseas.' The boating sector's concerns were among comments from 154 stakeholders submitted to a Commerce Department review of whether to slap tariffs on chips as part of Trump's campaign to redraw global supply lines and boost domestic manufacturing. Predictable tech sources weighed in, including chipmakers Taiwan Semiconductor Manufacturing Co. and Intel Corp. But feedback also landed from a wide spectrum of sectors, along with trading partners like Japan and Brazil. The companies, trade groups and individuals who commented on the chips investigation largely signaled support for the president's vision of deepening the US manufacturing base and expanding the American workforce. Yet most expressed concern over the potential consequences and urged making any levies that emerge as targeted as possible. Taken together, the filings point to unease across a range of industries about the economic fallout from targeting chips. Trump has so far brushed off many of those concerns and cited plans by a range of companies to invest in the US, including Taiwan-based TSMC's decision to boost its commitment to building plants near Phoenix. White House spokesman Kush Desai said Trump remains committed to reshoring manufacturing critical to US national security. 'While the Commerce Department completes its Section 232 investigation, the administration is expanding domestic critical mineral production, slashing regulations, and pushing pro-growth policies,' Desai said in a statement. The Commerce Department didn't respond to a request for comment. In its submission, TSMC highlighted plans for six advanced semiconductor fabs and two packaging facilities along with a research center as part of a $165 billion investment in Arizona that's expected to create thousands of jobs. Yet the company warned import levies would make it harder to deliver those projects on schedule, while slowing US efforts to expand domestic production of chips for 5G wireless, artificial intelligence and autonomous driving. 'Additional tariffs or other restrictive measures on semiconductors could reduce the profitability of leading US companies by limiting sourcing options, driving up production costs, and reducing product demand,' TSMC's Arizona subsidiary wrote. In its filing, Tesla urged coordination between government and industry to minimize uncertainty that could upset supply chains, citing its ties to Asia, Europe and Africa. 'These partnerships allow us to focus on increasing US dominance in advanced manufacturing,' the company wrote. 'Impacts to these inputs for which there is insufficient domestic availability will put a strain on resources during a key moment in the global artificial intelligence race.' Chipmaker Intel cautioned that trading partners could respond with protective measures that exclude American products. Intel is seeking to reverse years of struggle by spending more than $100 billion to expand its domestic manufacturing, and the company called on the administration to spare US-made wafers as well as any chips made abroad using American technology. A common concern aired by TSMC, Intel and others in the semiconductor industry centered on the risk that chipmaking equipment produced by foreign suppliers like ASML Holding NV would get hit with import taxes. A single extreme ultraviolet lithography machine from Netherlands-based ASML, the world's sole provider of the most advanced chipmaking gear, can cost nearly $400 million. Adding tariffs would significantly boost the cost of equipping new US facilities. ASML submitted feedback to the Commerce Department — but its filing was marked 'business confidential' and unavailable for public review. In its comments, Intel urged exempting such machines, noting that 'the primary cost driver for semiconductor fabs, accounting for two-thirds of total construction expenses, is equipment and machinery.' Replacing semiconductors produced abroad with domestic output would be very difficult, Feeney said. 'It takes years to create the industrial infrastructure to make creating a semiconductor fabrication facility even possible,' she said. 'At a time we're trying to build up an AI infrastructure of data centers, the last thing you want to do is put a substantial tariff on the most important input into those data centers.' Major US trading partners, already stung by Trump's so-called reciprocal tariffs, objected to the idea of targeting chips, after seeing the auto sector along with steel and aluminum imports hit with levies. Taiwan, which produces nearly 90% of the world's most advanced semiconductors, highlighted the complementary role of TSMC foundries that churn out wafers for leading American chip designers Nvidia Corp. and Advanced Micro Devices Inc. Tariffs on semiconductors or related products from the island 'would severely impair Taiwan's ability to meet the demands of the US semiconductor industry in a timely manner,' the Taiwanese government said in its filing. 'This would drive up costs for US companies, raise end-product prices, reduce profitability and revenue, and ultimately weaken the capacity of US firms to invest in R&D and innovation.' --With assistance from Catherine Lucey. Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? What Mike Tyson and the Bond Market Can Teach Trump on Debt ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
37 minutes ago
- Yahoo
Public Land Sales Blocked From Inclusion in Trump's Tax Bill
(Bloomberg) -- A Senate proposal to sell millions of acres of public land to help pay for President Donald Trump's massive package of tax cuts and spending has been blocked by the Senate's rule keeper. Bezos Wedding Draws Protests, Soul-Searching Over Tourism in Venice US State Budget Wounds Intensify From Trump, DOGE Policy Shifts Commuters Risk Lives in Johannesburg With Taxi Groups at War The parliamentarian ruled the proposal — which would have raised billions through the sale of as much as 3 million acres of federal land — is outside of the scope of the fast-track budget process Republicans are using to pass the legislation implementing a $4.2 trillion tax cut. While it's possible Republicans can try to re-write the proposal so it complies with Senate rules, the decision represents a triumph for conservation and environmental groups who were vehemently opposed to the plan. 'This is a victory for the American public, who were loud and clear: Public lands belong in public hands,' said Tracy Stone-Manning, president of The Wilderness Society. 'We trust the next politician who wants to sell off public lands will remember that people of all stripes will stand against that idea.' Republicans have said the sales are needed to provide cheap land to address a housing crisis, and the proposal dovetails with a Trump administration plan to build housing on federal land. Senator Mike Lee, a Utah Republican leading the charge to sell swaths of Interior Department and US Forest Service land, said he was rejiggering the plan to reduce its scope, including removing all Forest Service land sales. 'Stay tuned,' Lee said in a post on X. 'We're just getting started.' The budget process, which is immune to a filibuster, can be used for legislation primarily aimed at revenue and spending, not for making other changes to public policy. Other parts of the Senate bill that were ruled not to be in compliance with the fast-track procedure include language that would automatically approve permits needed to export liquefied natural gas to applicants who paid a fee, and new fees imposed on renewable energy projects on public land. A provision nullifying lengthy environmental reviews for offshore oil and gas projects was also thrown out. Democrats are challenging more portions of the Senate's bill including measures that would mandate oil and gas lease sales in Alaska's National Petroleum Reserve. 'Democrats continue to show up and fight every provision of this Big, Beautiful Betrayal of a bill, because this bill is an attack on workers and families everywhere,' said the Senate Budget Committee's top Democrat, Jeff Merkley of Oregon, in a statement. The Senate is expected to begin voting on the legislation as soon as this week. --With assistance from Erik Wasson. (Updates with reactions beginning in fourth paragraph.) Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? What Mike Tyson and the Bond Market Can Teach Trump on Debt ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
