Insider Today: Trump survives shooting
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Welcome back to our Sunday edition. The world is waking up in shock this morning after former President Trump survived a shooting at a rally in Pennsylvania. Here's the latest:
- Dramatic photos from the rally show Trump bloodied but defiant.
- Trump said in a social media post that he'd been struck in the ear with a bullet.
- One attendee was killed, while two others were critically injured.
- The suspected shooter was killed by the Secret Service. They were later identified as Thomas Matthew Crooks, a 20-year old.
- President Biden addressed the nation, condemning the violence.
- A photo of Trump raising his fist after the shooting quickly ricocheted around the world.
- Support for Trump surged after the incident.
- Jeff Bezos commended Trump's "grace and courage under literal fire."
- Elon Musk posted on social media that he fully endorsed the former president.
Many questions will be asked in the coming hours and days: How was this allowed to happen? Will there be further political violence? What impact will this have on the election?
You can follow our latest coverage here.
In today's edition:
- Tesla prioritizes Musk's and other "VIP" drivers' data to train self-driving software.
- AI is quietly being used to pick your pocket.
- Citi's massive transformation team is struggling to fix its regulatory woes.
- How Andy Jassy wooed Wall Street and turned Amazon around.
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Steve Granitz/FilmMagic; iStock; Rebecca Zisser/BI
Not all self-driving cars are created equal
Tesla employees say they were told to prioritize data from self-driving cars belonging to Elon Musk and other VIPs.
Current and former staffers say the result was excessive attention to routes frequented by high-profile drivers — and an uneven use of Tesla's resources.
Tyler Le/BI
AI is ripping you off
You might be willing to pay more for an airplane seat than the person next to you — and airlines know it.
Companies are using AI to mine users' data, in order to determine and charge the highest price you're willing to pay. In a world ruled by personalized pricing, you never know if you're being ripped off.
Personalized pricing's personal hell.
Also read:
Citi; Chelsea Jia feng/BI
Citi's woes won't subside
Citi committed 12,000 employees and billions of dollars to fix its regulatory problems and outdated tech. It's going terribly.
The bank was hit with a $135.6 million fine on Wednesday for failing to shore up its problems. Even worse, the fix-it program's top executive is accused of pressuring employees to lie to regulators.
Also read:
- Citi CEO Jane Fraser pledges to fix data mess and appease regulators. Here's what she told analysts.
- Investment banking is finally gaining steam. Here's why JPMorgan's Jeremy Barnum says it might not last.
REUTERS/Mike Blake; Chelsea Jia Feng/BI
Amazon's amazing comeback
Andy Jassy's takeover from Jeff Bezos was no smooth transition. Beset by the collapse of a pandemic boom when he took the reins in 2021, Amazon's stock plunged — and whispers swirled about bringing Bezos back.
Three years later, Jassy's leadership has pushed Amazon's value to record highs. He did it through significant strategy changes, including a renewed dedication to Amazon's investors.
Also read:
- Inside Google's augmented reality reset
- Flying car startup Pivotal, backed by Google cofounder Larry Page, quietly delays shipments to next year
This week's quote:
"It can prompt the candidates with the right thing to say at the right time."
— Michael Guan, CEO and cofounder of Final Round AI, whose AI "magical teleprompter" can help people ace job interviews.
More of this week's top reads:
- I was scammed out of nearly $300K and forced to abandon retirement dreams.
- WhatsApp's new TV ads tell you a lot about the company's growth plans.
- Meet the ex-Goldman Sachs partner behind the scenes of the Skydance-Paramount deal.
- Mark Zuckerberg said he's the most well-known millennial in a newly revealed email. So, is he?
- Warren Buffett's heirs might be in for a "Succession"-style fight.
- Early Prime Day headphone deals include discounts on the Apple AirPods Pro.
- Influencer marketing is booming in 2024 with brands taking creators more seriously.
Reports of illegal evictions are on the rise. Yet police rarely enforce the law.
The Insider Today team: Matt Turner, deputy editor-in-chief, in New York. Jordan Parker Erb, editor, in New York. Dan DeFrancesco, deputy editor and anchor, in New York. Lisa Ryan, executive editor, in New York. Amanda Yen, fellow, in New York.