News from May 2024


Medfluence Advisors' partner and senior director Greg Caesar selected as a member of the Forbes Business Council

Greg Caesar, Partner and Senior Director of Business Development for Medfluence Advisors, has been inducted into the Forbes Business Council. His membership was granted following a thorough assessment by the platform's review committee.

Practice-wide training event held by Babylon Dental Care

Babylon Dental Care, a Long Island dental practice with two locations in West Babylon and Patchogue, held a day long event of learning and team building for their practice.

Motor vehicle insurance increasing at 665% times the rate of overall inflation

The latest Consumer Price Index summary found that the cost of motor vehicle insurance rose 22.6% over the last year, according to the Bureau of Labor Statistics, while the overall rate of inflation for the last year was 3.4%.

Google I/O 2024: Sundar Pichai outlines vision for AI future

Google CEO Sundar Pichai delivered a comprehensive overview of the company's progress and future plans at the Google I/O 2024 event. The central theme of his address was the evolution of artificial intelligence (AI) and its increasing integration into Google's products and services.

Allstate announces April 2024 catastrophe losses totaling $494 million

The Allstate Corporation (NYSE: ALL) has disclosed its estimated catastrophe losses for April 2024, amounting to $494 million before tax and $390 million after tax. The losses are said to encompass 11 events, estimated at $491 million, with roughly 80% of the losses attributed to four wind, hail or tornadic events.

Allstate CEO to present at William Blair Growth Stock Conference

The Allstate Corporation, a leading publicly held personal lines insurer in the United States, has announced that its Chair, President and Chief Executive Officer, Tom Wilson, will be presenting at the William Blair Growth Stock Conference. The conference is scheduled for 8:00 a.m. Central on Wednesday, June 5.

Morgan Stanley Baltimore celebrates second annual STEM Robotics Program graduation

Morgan Stanley Baltimore recently celebrated the second annual graduation of its STEM Robotics Program. The event was held at Morgan Stanley’s Thames Street Wharf office in Harbor Point, where middle school students from The Crossroads School showcased the robots they had constructed during the 12-week program, under the guidance of Morgan Stanley employees.

New Jersey saw $1.48 billion in nuclear verdicts between 2009 and 2023

On May 3, public relations firm Marathon Strategies published a report revealing that New Jersey had 14 jury verdicts larger than $10 million between 2009 and 2023. These so-called "nuclear" verdicts amounted to a total of $1,480,387,446.

Gas prices continue slow decline due to weak domestic demand

WASHINGTON, D.C. (May 16, 2024)—The national average for a gallon of gasoline continues its slow decline, falling four cents since last week to $3.60. The main factors driving this decrease are weak domestic demand and oil costs below $80 a barrel.

Carlyle enters strategic partnership with Sungage Financial for solar loans

Global investment firm Carlyle (NASDAQ: CG) has announced a $450 million forward flow agreement to purchase newly issued residential solar loans from Sungage Financial, a leading provider of solar financing. Alongside this, Carlyle has made a strategic investment into Sungage Financial. This partnership is expected to enhance Sungage Financial's origination capacity and drive future growth.

Samsung's Galaxy AI now supports 16 languages: A look into the process

Samsung continues to innovate in the field of mobile AI experiences, and the latest development is Galaxy AI1's support for 16 languages. This allows users to enhance their language skills even while offline, courtesy of on-device translation features such as Live Translate2, Interpreter, Note Assist, and Browsing Assist. But how does AI language development occur? This article delves into the challenges encountered during mobile AI development and how they were surmounted.

Google announces new safeguards and learning tools powered by AI

Today, we are announcing the introduction of new AI safeguards designed to protect against misuse and new tools that leverage AI to make learning more engaging and accessible. We firmly believe in the transformative power of AI and its potential to improve lives and create a better world when approached with responsibility and boldness. Our research and products are already assisting people globally, aiding them in everyday tasks as well as their most ambitious, productive, and creative endeavors.

GE HealthCare and Medis Medical Imaging collaborate on non-invasive coronary assessments

GE HealthCare and Medis Medical Imaging have announced a collaboration aimed at advancing precision care in the diagnosis and treatment of coronary artery disease (CAD). The two companies will focus on integrating Medis Quantitative Flow Ratio (Medis QFR), a non-invasive approach to assessing coronary physiology, into GE HealthCare’s interventional cardiology portfolio built around the Allia Platform.

Staffing shortages increase road risks for company drivers: Nationwide research

Nationwide research reveals that company drivers are facing escalating distractions and safety risks on the road, a situation worsened by staffing shortages leading to extended hours of driving and diminished focus on safety.

State Farm unveils website showcasing patented tech for sale

State Farm has unveiled a new website showcasing its patent inventions available for sale and the technological sectors where they can be found. The company, more than just an insurance provider, is demonstrating its commitment to innovation by offering some of its patented technology for licensing, purchase or collaboration opportunities.

CEO Harvey Schwartz to present at Bernstein's annual strategic decisions conference

Carlyle (NASDAQ: CG) announced today that its Chief Executive Officer, Harvey Schwartz, is scheduled to present at Bernstein’s 40th Annual Strategic Decisions Conference. The event will take place in New York on Thursday, May 30, 2024, at approximately 9:00 AM EDT.

Morgan Stanley declares dividends on preferred stock

Morgan Stanley has announced the declaration of regular dividends on the outstanding shares of various preferred stock issues. The declared dividends are as follows:

Morgan Stanley sells four warehouses near U.S.-Mexico border for $178 million

Morgan Stanley Investment Management, via investment funds managed by Morgan Stanley Real Estate Investing (MSREI), announced the sale of a portfolio of four fully leased industrial properties. The properties, two in El Paso and two in Laredo, Texas, were sold for $178 million to two distinct institutional investors. The warehouses, totaling over 1.2 million square feet, are located within 10 miles of the United States’ border with Mexico which is currently experiencing a significant increase in manufacturing.

SBA Administrator Guzman visits Kane, PA as part of Rural America Tour

On Friday, May 17, Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) and Senator Bob Casey will visit Kane, Pennsylvania. The visit is part of the Biden-Harris Administration's Investing in Rural America Tour. As the head of the SBA and a representative voice for America's over 33 million small businesses in President Biden’s Cabinet, Guzman's tour aims to connect with local small business owners and economic development leaders.

Google's annual developer conference I/O 2024 starts tomorrow

Google's annual developer conference, I/O 2024, is set to commence tomorrow. Those interested in learning about the latest news and updates from the event are encouraged to register for the live stream, which begins on May 14 at 10 a.m. PT. Attendees can also check back for further information regarding the announcements made during the conference.