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NEW YORK, NEW YORK - APRIL 24: A person walks past a First Republic bank branch in Manhattan on April 24, 2023 in New York City. The U.S. bank will reveal its latest financial results but concerns over small and medium-sized banks persist following the collapse of Silicon Valley Bank (SVB) in March. (Photo by Spencer Platt/Getty Images)

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Check out the companies making headlines in midday trading.

First Republic, JPMorgan Chase First Republic shares and were halted after JPMorgan Chase acquired the ailing bank and most of its assets after regulators seized control. JPMorgan shares rose 2.1%.

General Motors The automaker gained 1.3% after Morgan Stanley upgraded General Motors to overweight from equal weight and called the stock oversold.

Norwegian Cruise Line The cruise company jumped 8.9% after on better-than-expected quarterly results. Norwegian Cruise Line also boosted its full-year profit forecast amid strong travel demand.

Exxon Mobil Shares shed 3.1% on the back of a Goldman Sachs downgrade to neutral from buy. The firm said the oil giant was less attractive after its multiyear run.

PacWest, Zions Bancorp. Regional bank stocks were volatile on Monday as investors reacted to the seizure and sale of First Republic Bank over the weekend. Shares of PacWest fell nearly 1.1% after rising earlier in the session. Zions Bancorp. fell more than 3.7%, while Western Alliance dipped about 3%. The SPDR S&P Regional Bank ETF (KRE) was down 2.8%.

SoFi Technologies The student loan refinancer fell more than 12.2% despite posting better-than-expected quarterly results. The company reported a loss of 5 cents per share and revenue of $460.16 million against consensus estimates of 7 cents and $441 million, according to Refinitiv. However, management said on the company earnings call Monday that demand for loans originating from the fourth quarter would see a lower monetization level due to higher interest.

Comcast The media stock gained 0.6% after Bank of America upgraded the media stock to buy from a neutral rating following its recent quarterly results. Analysts view Comcast as well positioned for a "strong turnaround."

Teradata The cloud database company jumped 6% after Guggenheim Partners upgraded the stock to buy from neutral. The Wall Street firm said Teradata is poised to outperform expectations for customer retention and grow revenue in its cloud sector. Its price target of $62 implies 60% upside.

On Semiconductor On Semiconductor jumped 8.9% after beating first-quarter earnings and revenue expectations. The chip firm reported per-share earnings ex-items of $1.19, greater than consensus estimates of $1.08 per share, according to FactSet. It posted revenue of $1.96 billion, greater than the expected $1.92 billion.

Scotts Miracle-Gro Shares rose 5.5% after Stifel upgraded Scotts Miracle-Gro to buy from hold and set an $80 price target, implying near-20% upside from Friday's close. Stifel analyst W. Andrew Carter said the maker of consumer lawn, garden and pest control products has an "attractive near-term set-up for the shares with a margin recovery enabling outsized EPS growth."

Global Payments Global Payments shares tumbled 8.6% despite a revenue and earnings beat for the recent quarter as the payments technology company announced a new CEO effective June 1.

Logitech Logitech shares gained 2.6% after Morgan Stanley upgraded the company to equal weight from underweight, citing a "more balanced catalyst path" ahead.

Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.

CNBC's Sarah Min, Alexander Harring, Brian Evans, Jesse Pound and Yun Li contributed reporting

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Stocks making the biggest moves midday: JPMorgan Chase, General Motors, Exxon Mobil & more - CNBC

WASHINGTON -- It's a new year, a new team and a new head coach for the Washington Mystics. But as a new season begins, there's a lot of familiarity between the new boss Eric Thibault and his 2023 squad.

Not only is he taking over a team that he's been an assistant with for 10 seasons, but this version of the team is quite acquainted with the 35-year-old. Of the 17 players entering training camp - which includes new camp signee Emily Engstler - there are 10 who played a game last year in D.C.

The two big off-season additions, Brittney Sykes and Kristi Toliver, already have a rapport with Thibault. Sykes back from when she was in college (Thibault was a graduate assistant at St. John's and she was recruited to play at Syracuse) and Toliver from her first stint with the Mystics (2017-19). That's 11 players, many of which will make up a majority of the opening-day roster, who'll ease the transition into Thibault's first season.

That familiarity has generated confidence up and down the roster to continue the standards that have become synonymous with the Mystics franchise. While many coaching changes come at pivotal times for teams, this coaching move was one to ensure stability and keep the Thibault name at the helm.

"Eric has been here for 10 years. So I know that people are a little fearful or can be doubtful in a lot of senses of the move or the change but he's been a part of every success that this team has had," Natasha Cloud said on media day. "Every single player that is in this locker room has been recruited by him and [general manager Mike Thibault]. So he has had his hands into everything that makes the Mystics what they are."

"The last two, three years, whether we've acknowledged it or not, you guys aren't gonna see it from the media, he runs our practices the last two, three years, he comes into the huddles, he draws up our plays. He's in control of our offense and what it looks like and how it is. So just because we don't speak on those things doesn't mean that those things weren't real. So now this transition is very seamless to us because we've seen it the last two, three years within our practices"

By no means is Eric the master architect of what made the Mystics great in their two-year run to the WNBA Finals and winning the team's first championship in 2019. But you'll be hard-pressed to find someone within the organization who would take that type of credit. Mike Thibault has positioned his former assistants for success in new roles. Eric's development over time has been a natural process and no different than assistants before him.

The locker room is already comfortable with Eric being in charge. And that's because in many ways he already stepped into some head coaching roles prior to this change.

But if you step away for a year or two or three like two-time WNBA champion Toliver did with her second tenure with the Los Angeles Sparks, there are differences you can notice.

"I haven't been here very long but I think the first thing, and I noticed this not even just with [Eric], but with my former teammates and now teammates again, everyone seems so much more mature," Toliver said. "They seem more poised, they seem more in control. Listening to [Eric], it's like he's got his big boy pants on if that makes sense. Like, he's speaking things with his chest, because he's the boss. He's our leader. And now he understands the responsibility and the task at hand."

That task is guiding a team back to the WNBA Finals, which Washington has not done in three seasons. And the pressure will be on him right away to step up. Whether fairly or not, there's a big shadow cast over the role that his father, Mike, held and how Eric holds up.

One, because Mike Thibault is the winningest coach in WNBA history, and the second reason being the criticism that may exist when the former coach's son gets one of 12 coveted coaching positions in the best women's basketball league in the world.

But while Eric tries to live up to the standard set forth (by his dad, the franchise's former head coach and now general manager), he's just going to get his nose dirty and let the work speak for itself.

"I'm going to let other people be the judge of [what I bring as a coach] a little bit," Eric Thibault said. "I'm going to be myself... But we changed things year to year as it was. So to say like I didn't have any hand in anything the past 10 years, I don't want to say that was all on [Mike] and now this is all on me. That's not how we work. So everybody had a voice previously. Everybody on staff will have a voice now and we'll see what what a team looks like. But it won't be an Eric Thibault team. It'll be a Mystics team."

All that's left for Eric is to go out and get the job done. He has the trust of the locker room, the credibility that comes with his career resume and the relationships he has with his players. Monday, he went through his first media day as the head coach. Friday will be his first game, without an interim or placeholder tag, when preseason action kicks off. And soon, he'll have to make his first roster cuts.

"I think he's gonna do a great job," Toliver said. "I think he has a room full of women that are excited and are ready to play for him and, make him look good and he wants to make us look good."

Read more here:
New head coach Eric Thibault starts his first camp with familiar faces - NBC Sports

Story Links Name:Will Harbour

Year:Rising Senior

Position:LB

Height:6-0

Weight:230

Hometown:Frisco, Texas

High School:Rick Reedy

Major:English

What do you want to do after graduation and why? Aviation. I'm still figuring out if I want to fly in the Navy or Marine Corps.

Why did you choose Navy?To be a part of something bigger than myself.

What would you tell somebody that is considering coming to Navy to play football? It's an opportunity like no other. You get to play big time football and win big games.

If you could play another position, what position would you play and why? I would play QB because I would want to control the offense and scoretouchdowns.

If you could choose any opponent for Navy to play that is currently not on the schedule, who would you choose and why? Universityof Texas. I have friend'swho play there.

Favorite class at the Naval Academy and why?Electrical Engineering because of Cmdr. Gamble

Hardest class at the Naval Academy and why? Calculus 3 with Vectors, it has a lot of tough concepts.

Favorite teacher at the Naval Academy and why?Cmdr. Gamble, because he is a good teacher and gives us good life lessons during classes.

Favorite form of social media and why? Twitter, always get a good laugh in

Favorite person to follow on social media and why? SportsCenter, it gives me a bunch of sports highlights and updates.

If you could have dinner with any 4 people at the Naval Academy, who would you choose?: Kip Frankland, Clay Cromwell, Marcus Moore and Kyle Jacob

Favorite sport to follow at the Naval Academy outside of football and why? Baseball, my roommate Eddie Diaz is a baller.

If you didn't play football at Navy, what sport would you play and why? I would play baseball,I enjoy the game.

What song is playing on your headphones in the locker room right before taking the field? Enter Sandman by Metallica

What is your dream vacation?French Alps

How many teams should make the FBS Playoffs? 12

What is the best thing about being in the American Athletic Conference? You play in a lot of big games

Favorite Coach Newberry Saying:Gotta stack days

How would you describe Coach Chesnut's Offense:Explosive

How would you describe Coach Volker's Defense:Tough

One word to describe a Navy Football player:Tough'

Who will be the surprise player on offense in 2023?Alex Texca

Who will be the surprise player on defense in 2023?Justin Reed

Who is the toughest player on the Navy football team? Colin Ramos

What player epitomizes Navy Football? Eavan Gibbons

Who will be the Most Valuable Player on offense in 2023?Daba Fofana

Who will be the Most Valuable Player on defense in 2023?Jacob Busic, he is going to have a year to remember

What are you most looking forward to in 2023?Getting the opportunity to give everything I have with my brothersto the left and right of me

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Meet the Mid: Rising Senior Linebacker and Co-Captain Will ... - NavySports.com

With the passage of Bill C-11 on Thursday, the future of the internet in Canada is up in the air.

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Thats not an outrageous statement for anyone who has bothered to read the bill weve just passed into a law a bill that gives incredible control over internet content to the government.

Whats worse, much of that control will come through yet-to-be-developed regulatory measures designed by the Canadian Radio-television and Telecommunications Commission, the broadcast regulator commonly called the CRTC.

Much has been made of the laws ability to regulate user-generated content on social media sites many have called the bill a censorship law, and there is plenty to worry about there. Neither of those concerns, though, deal with the far-reaching ability of the federal government to control everything you see, read, watch or listen to online.

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In the future, you may be listening to an audiobook and find that you need to consume some Canadian content before moving onto the next book. You could be listening to your music playlist, the one you curated, and start hearing a Canadian artist you didnt select coming through the speakers.

This is the kind of control the government has now granted itself.

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Given that radio stations are required to ensure that 35% of the popular music they play is Canadian content, how far-fetched is it that this will be the case for Canadian consumers of Spotify, Apple Music or Amazon? What about a CRTC decree that Netflix or Paramount Plus must stream a certain amount of Canadian content to be allowed to operate here in Canada?

None of this is far-fetched, its the kind of regulations that exist for traditional broadcasters and now the regulator for those broadcasters, the CRTC, will be in charge of the online world. Industry insiders believe this is an unlikely scenario but the law would allow it and lobbyists for certain parts of the cultural sector may demand it.

Especially once the online platforms are forced to turn over sensitive data on subscribers and revenue to the CRTC.

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So yes, C-11 has given the government the ability to regulate user content on social media, it has given itself the ability to censor content that it doesnt like, but, more importantly, it has given itself the ability to control every aspect of your online experience. We are potentially moving from the open and rambunctious world wide web to a controlled online experience where we can access what the government allows us to access.

While I dont expect the federal government or CRTC to block access to services, I do expect that the regulations will lead to some services not being offered or launched in Canada. We should also expect that some companies may leave or cut Canadian staff as the cost to comply with the new regulations rises.

We have entered the great unknown for the future of the online world in Canada. All the major platforms that we use each and every day are now regulated by the CRTC.

How that will play out and how that will impact the way we consume content online will now be determined by unelected, unaccountable to the public, bureaucrats in Ottawa. We have to hope they get it right, but history tells us they wont.

Read the rest here:
LILLEY: C-11 is now law and the internet is under government control - Toronto Sun

WASHINGTON Today Congressmembers Ted W. Lieu (D-Los Angeles County), Donald S. Beyer Jr. (D-VA) and Ken Buck (R-CO) introduced the bipartisan Block Nuclear Launch by Autonomous Artificial Intelligence Act, legislation to safeguard the nuclear command and control process from any future change in policy that allows AI to make nuclear launch decisions. Senator Edward J. Markey (D-MA) is introducing companion legislation in the Senate.

The Department of Defenses 2022 Nuclear Posture Review states that current policy is to maintain a human in the loop for all actions critical to informing and executing decisions by the President to initiate and terminate nuclear weapon employment in all cases. The Block Nuclear Launch by Autonomous AI Act would codify the Departments existing policy by ensuring that no federal funds can be used for any launch of any nuclear weapon by an automated system without meaningful human control.

Furthermore, the National Security Commission on Artificial Intelligence, established by Congress through the FY19 National Defense Authorization Act, recommended in their final report that the U.S. clearly and publicly affirm its policy that only human beings can authorize employment of nuclear weapons. This bill follows through on their recommendation.

Upon introduction, the Members said:

AI technology is developing at an extremely rapid pace, said Congressman Lieu. While we all try to grapple with the pace at which AI is accelerating, the future of AI and its role in society remains unclear. It is our job as Members of Congress to have responsible foresight when it comes to protecting future generations from potentially devastating consequences. Thats why Im pleased to introduce the bipartisan, bicameral Block Nuclear Launch by Autonomous AI Act, which will ensure that no matter what happens in the future, a human being has control over the employment of a nuclear weapon not a robot. AI can never be a substitute for human judgment when it comes to launching nuclear weapons. Im grateful to Representatives Beyer and Buck and Senator Markey for their work on this important, forward-thinking legislation.

As we live in an increasingly digital age, we need to ensure that humans hold the power alone to control, command, and launch nuclear weapons not robots, said Senator Markey. That is why I am proud to introduce the Block Nuclear Launch by Autonomous Artificial Intelligence Act. We need to keep humans in the loop on making life or death decisions to use deadly force, especially for our most dangerous weapons.

While U.S. military use of AI can be appropriate for enhancing national security purposes, use of AI for deploying nuclear weapons without a human chain of command and control is reckless, dangerous, and should be prohibited, said Congressman Buck. I am proud to co-sponsor this legislation to ensure that human beings, not machines, have the final say over the most critical and sensitive military decisions.

The full text of the legislation can be found here.

A one-pager on the Block Nuclear Launch by Autonomous Artificial Intelligence Act can be found here.

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REPS LIEU, BEYER, BUCK AND SEN MARKEY INTRODUCE ... - Congressman Ted Lieu