<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5806223dc524021c008b5075-2400/gettyimages-594880178.jpg" alt="Tim Cook and John Podesta" data-mce-source="Justin Sullivan/Getty Images" data-mce-caption="John Podesta." />Justin Sullivan/Getty ImagesTim Cook and John Podesta attend a fundraiser in California.</div></div></div>A stolen email leaked by WikiLeaks shows that Apple CEO Tim Cook was on a shortlist for vice president. John Podesta, Hillary Clinton's campaign chairman, sent an email discussing a "first cut of people to consider for VP," Gizmodo <a href="http://gizmodo.com/apple-ceo-tim-cook-was-on-hillary-clintons-list-of-pote-1787919668?rev=1476794310112">spotted on Tuesday</a>. "Cheryl, Robby, Jake, Huma, Jennifer and I also did a first cut of people to consider for VP. I have organized names in rough food groups," Podesta wrote. The "food group" of business leaders include former Microsoft founder Bill Gates, Gates foundation chairperson Melinda Gates, and former New York mayor Michael Bloomberg, along with Cook. Clearly, Cook was not tapped to be Clinton's vice president, and he likely would have declined given that he's got a pretty good gig running the world's most valuable company. In June 2015, the Clinton campaign planned a meeting with Cook, but a staffer said that the meeting "is one we should proceed cautiously." Cook is "supportive but new to this so I think we shouldn't come on too strong," <a href="https://wikileaks.org/podesta-emails/emailid/2616">a staffer wrote</a>. Cook eventually hosted a fundraiser for Clinton in August. It's unknown whether he is a Republican or Democrat, although he has taken stances on issues such as gay rights and climate change, and his stances more closely align with the Democratic Party.But Cook has also hosted a fundraiser for Paul Ryan, the current Republican Speaker of the House. Here's the entire list of VP candidates Podesta suggested: Javier Becerra Julian Castro Eric Garcetti Tom Perez Ken Salazar Tammy Baldwin Kirsten Gillibrand Amy Klobuchar Claire McKaskill Jeanne Shaheen Debbie Stabenow Elizabeth Warren Michael Bennet Sherrod Brown Martin Heinreich Tim Kaine Terry McAuliffe Chris Murphy Tom Vilsack Steve Benjamin Corey Booker Andrew Gillum Eric Holder Deval Patrick Kasim Reed Anthony Foxx John Allen Bill McCraven Mike Mullen Mary Barra Michael BloombergUrsula Burns Tim Cook Bill Gates Melinda Gates Muhtar Kent Judith Rodin Howard Schultz Bernie Sanders <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/solving-5-problems-become-billionaire-2016-10">Solve one of these 5 problems to become a billionaire</a></h3> <div> <div> <script src="http://player.ooyala.com/v3/6e12e8b3387a44daacfb73afba25a76e"></script> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="BpeXNtNjE69ZabtCcDS1JCt4JV0XijNK" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> <script> if (typeof RunFunctions === 'undefined') { var RunFunctions = []; } RunFunctions.push(function() { var ooyalapopvideo = OO.Player.create('ooyalaplayer_popvideo', 'BpeXNtNjE69ZabtCcDS1JCt4JV0XijNK',{ autoplay: 'false' }); }); </script> <noscript><div>Please enable Javascript to watch this video</div></noscript></div> </div> <script>(function() { function createPlayer() { OO.ready(function() { RunFunctions.forEach(function(ooyalaFunction) { ooyalaFunction(); }); RunFunctions = [];}); } createPlayer(); }()); </script> </div>

Hillary Clinton's campaign considered Apple CEO Tim Cook for vice president

<div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5cf0421611e20512912ec645-2400/eaea113eee94421789b24fcf047f6bae.jpg" border="0" alt="FILE - In this Feb. 7, 2019, file photo, a bud tender shows a top cannabis strain at Serra, a dispensary in Portland, Ore. In an attempt to reduce the marijuana inventory in Oregon, the state is moving toward allowing the Oregon Liquor Control Commission to refuse to issue initial marijuana production licenses, based on supply and demand. (AP Photo/Richard Vogel, File)" data-mce-source="Associated Press" data-mce-caption="FILE - In this Feb. 7, 2019, file photo, a bud tender shows a top cannabis strain at Serra, a dispensary in Portland, Ore. In an attempt to reduce the marijuana inventory in Oregon, the state is moving toward allowing the Oregon Liquor Control Commission to refuse to issue initial marijuana production licenses, based on supply and demand. (AP Photo/Richard Vogel, File)" />Associated Press</div></div></div><ul><li>Two hearings on hemp production and banking for cannabis companies stirred up volatility in cannabis stocks last week. </li><li>The hearings show progress but also confusion over how cannabis should be regulated in the US.</li><li>Activists and industry watchers say legalization is coming, but the process for it is unclear. Still, the market for CBD and cannabis products is growing and investors see promising returns on the horizon.</li><li><a href="https://markets.businessinsider.com/">Read more on Markets Insider.</a></li></ul><hr />Pot stocks have been subject to recent volatility as a number of key hearings show that, while there is support for progress on cannabis regulations, there's confusion from legislators about how to best proceed. Shares of Tilray, Cronos, and Curaleaf slid around 2% last Thursday after a hearing with the Senate Committee on Agriculture, Nutrition and Forestry entitled "Hemp production and the 2018 Farm Bill." Aurora and Canopy Growth were mostly flat following the hearing. The cannabis industry in the US and abroad is growing much faster than regulation is being introduced, said Bethany Gomez, the managing director of Brightfield Group, a market research and predictive analytics firm. "Everyone is begging for regulations," Gomez said. "There's still a lot of confusion and a lot of legal gray area surrounding those products."Even though the 2018 Farm Bill federally legalized hemp and its derivatives, the Food and Drug Administration has yet to release clear guidelines on the marketing and sale of CBD products. It is also currently illegal for banks and financial institutions to work with cannabis companies, even though the Secure And Fair Enforcement (<a href="https://www.congress.gov/bill/116th-congress/house-bill/1595/cosponsors?q=%7B%22search%22%3A%5B%22SAFE+Banking+Act%22%5D%7D">SAFE</a>) Banking Act, which would reverse this, has bipartisan support. The stakes are high for the US government and for companies that produce and sell cannabis products. It has been estimated that the CBD industry alone could grow to be a <a href="https://www.businessinsider.com/cbd-effects-physical-mental-benefits-limits-2019-5?r=cbd-lp">$16 billion industry by 2025.</a> Globally, the legal marijuana market could reach $66.3 billion in the same timeframe. <a href="https://www.surveymonkey.com/r/BI-Young-Investor-Panel" target="_blank" rel="noopener">Markets Insider is looking for a panel of millennial investors. If you're active in the markets, CLICK HERE to sign up.</a>Per the FDA's current rules, products with CBD - a hemp extract that doesn't make the user high - cannot be sold over state lines, and products with CBD cannot be marketed as a health or dietary supplement. This means that it can be difficult for companies that produce and sell CBD products to describe what they offer to consumers. Take Curaleaf for example. It took a hit last week after the<a href="https://markets.businessinsider.com/news/stocks/curaleaf-stock-price-fda-warning-around-cbd-product-approval-2019-7-1028377155"> FDA sent the company a letter</a> saying some of its products don't have approval to be sold in the US. Shares also came under pressure after<a href="https://www.bloomberg.com/news/articles/2019-07-23/fda-targets-u-s-marijuana-leader-in-crackdown-on-cbd-marketing"> CVS Pharmacy said it would pull Curaleaf products</a> from its stores.Other companies have also contended with FDA letters. In 2017, Charlotte's Web Holdings, then called Stanely Brothers, was issued a similar letter by the FDA. This year, PotNetwork Holdings was also issued a letter by the FDA, which sent its stock down slightly although it has since regained its losses. "It's a delicate tightrope for those companies to walk," Gomez said. But the confusion at the federal level has also boosted pot stocks in some cases. As cannabis has become more mainstream and companies begin to list on public exchanges - US companies in Canada, and Canadian companies in the US - more money has flowed into the industry. "The position of the federal government on cannabis has made the job of the cannabis industry more difficult, but that industry is still one of the most rapidly growing industries in the US," said Steve Deangelo, a cannabis activist and co-founder of Harborside, a cannabis company in California.Another <a href="https://markets.businessinsider.com/news/stocks/cannabis-stocks-reacton-to-senate-hearing-banking-reform-safe-act-2019-7-1028377415">hearing earlier in the week on cannabis banking reform</a> sent Tilray, Canopy Growth and Aurora up as much as 2% after positive signs from Senate Banking Chairman Mike Crapo that the SAFE act wouldn't face any obstacles moving forward. The gray area in the CBD market has also presented an opportunity for cannabis companies, Gomez said. For many consumers, it's played a part in normalizing the idea of using a product derived from cannabis and has driven talks about legalization. "It is unclear what the road ahead will look like. We're in the midst of a pro-cannabis cultural shift, CBD has played a part of accelerating the speed of that shift," said Martin Lee, the director of Project CBD. The market potential, which analysts say could reach <a href="https://www.businessinsider.com/cbd-effects-physical-mental-benefits-limits-2019-5?r=cannabis-lp">$16 billion by 2025</a>, has driven shares higher as well. When Cronos announced that it plans to enter the <a href="https://markets.businessinsider.com/news/stocks/weed-stocks-cronos-plans-us-cbd-market-entry-2019-6-1028257779">US CBD market within the next year, it gained more than 15%</a>.It's also attracted talent and deals that have boosted stocks. <a href="https://markets.businessinsider.com/stocks/cron-stock">Cronos</a> jumped more than 3% when it announced that a veteran from Mondelez International, the maker of Oreo cookies, would <a href="https://markets.businessinsider.com/news/stocks/cronos-group-stock-price-gains-after-the-company-names-cio-2019-7-1028342707">join as its chief innovation officer.</a> In August 2018, beer conglomerate <a href="https://markets.businessinsider.com/stocks/stz-stock">Constellation Brands</a> <a href="https://www.businessinsider.com/constellation-ceo-the-legal-marijuana-market-is-going-to-be-explosive-2018-10?utm_source=markets&amp;utm_medium=ingest">paid $4 billion for a 38% stake in Canopy</a>, which was the first major corporate investment in a marijuana cultivator.Canopy Growth also completed a major deal when it spent <a href="https://www.businessinsider.com/canopy-growth-acreage-holdings-deal-will-open-up-the-market-says-lawyer-2019-4">$3.4 billion to purchase Acreage Holdings</a>, a US pot company, pending the federal legalization of marijuana in the US. <a href="https://markets.businessinsider.com/stocks/tlry-stock">Tilray</a> <a href="https://markets.businessinsider.com/news/stocks/weed-stocks-tilray-major-shareholder-lock-up-period-extended-2019-6-1028267049">surged 18%</a> when it announced its intent to join Privateer Holdings, its majority shareholder, and extended its shares lock-up period. Further legislation that's been recently introduced could also move the industry forward. Presidential hopefuls Sen. Corey Booker, Sen. Elizabeth Warren, and Sen. Kamala Harris with House Judiciary Committee Chairman Jerry Nadler have all introduced different bills about marijuana that include decriminalization at the federal level or would leave it up to states. The consensus is that legalization will occur at some point - it's a question of "how", not "when." Companies have already set themselves up to profit - <a href="https://www.businessinsider.com/whole-foods-other-big-consumer-companies-looking-at-marijuana-closely-2019-3?r=cannabis-lp">Whole Foods</a> and <a href="https://markets.businessinsider.com/stocks/ko-stock">Coca-Cola</a> have said that they're eyeing the market and <a href="https://markets.businessinsider.com/stocks/heineken-stock">Heineken</a> and <a href="https://markets.businessinsider.com/stocks/tap-stock">Molson Coors</a> have produced CBD or THC infused products. More from Markets Insider:<a href="https://www.insider.com/bruce-linton-canopy-growth-firing-explanation-from-constellation-brands-ceo-2019-7">The CEO of Constellation Brands throws cold water on the idea that former Canopy Growth chief Bruce Linton was fired for financial reasons</a><a href="https://www.insider.com/cronos-group-stock-price-reaction-to-new-facility-purchase-2019-7">Cannabis giant Cronos Group gets a boost after saying it will buy a state-of-the-art fermentation and manufacturing facility</a><a href="https://www.insider.com/cronos-group-stock-price-gains-after-the-company-names-cio-2019-7">Cannabis producer Cronos Group jumps after appointing a Mondelez veteran as its chief innovation officer</a> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/after-bumped-off-flight-heres-what-need-know-legally-department-transportation-fly-airplane-airline-2017-4">Here's what airlines legally owe you if you're bumped off a flight</a></h3> <div> <iframe class="bijwplayerclass" data-player="jwplayer" src="https://content.jwplatform.com/players/eMLdeLPZ-CEZHWCBG.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;" allowfullscreen=""></iframe><script>function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</script> </div> </div>

The stock market is getting increasingly confused about how the US government should regulate cannabis and CBD

<hr /> Hey, readers!It was a big news week in the finance world. Both Goldman Sachs and <a href="https://www.businessinsider.com/jpmorgan-pays-500-million-for-instamed-largest-deal-since-bear-stearns-2019-5">JPMorgan announced their biggest-ever acquisitions</a> since the financial crisis, trade talks continued, and even Bitcoin rebounded.WeWork said on Wednesday that it's growing incredibly fast, <a href="https://www.businessinsider.com/wework-sees-2-billion-profit-on-desks-2019-5">but is still losing money</a>. The company's revenue more than doubled in the first quarter to $728 million as it expanded in international markets such as China, but still posted a net loss of $264 million.Investors are watching the coworking company especially closely as it inches closer to an initial public offering.If you're new to the Wall Street Insider newsletter, <a href="http://newsletter.businessinsider.com/join/4np/wall-st-insider&amp;hash=f4e91136c13f3c40c496d77bc7347502">you can sign up here</a>.While there are some signs that investors are becoming more skeptical of unicorn tech companies that have grown super fast but still aren't profitable (see Uber's <a href="https://www.businessinsider.com/mark-cuban-slams-silicon-valley-venture-capital-uber-awful-ipo-2019-5">IPO struggle</a>), WeWork brushed off those concerns, saying its losses should be treated more as investments.Not everyone's convinced. While WeWork CEO Adam Neuman <a href="https://www.businessinsider.com/wework-ceo-adam-neumann-business-model-softbank-ipo-risks-2019-5">told Business Insider that his company is recession-proof</a> because its space is cheaper than traditional offices, some analysts said they're still <a href="https://www.businessinsider.com/weworks-earnings-dont-indicate-how-the-company-could-perform-in-a-downturn-2019-5">worried about the 9-year-old company's future</a>, largely because it hasn't seen a full market downturn."Do they lose more tenants than a regular office building in a recession? My gut tells me they'd probably lose a few more," one analyst told us.Questions around the company's creative accounting practices haven't gone away either, with <a href="https://www.businessinsider.com/wework-financials-community-adjusted-ebitda-reminds-experts-of-tech-bubble-2019-5">its use of a made-up metric called "community-adjusted EBITDA"</a> to measure profitability.Earnings before interest, taxes, depreciation, and amortization exclude those expenses and can help investors get a clearer sense of how a company is doing. But critics have pointed out that WeWork's version appears to strip out some operating costs that would normally be included."For those with long memories this is surely be reminiscent of that series of spurious valuation metric such as price/eyeballs ratios that we saw at the peak of the 2000 tech bubble," wrote Albert Edwards, the cohead of global strategy at Société Générale, in a client note.Love it or hate it, everyone seems to have an opinion on WeWork, and I'm interested in hearing yours as we double down on our coverage of the company. Please email me at ooran@businessinsider.com if you have a story to share.One more thing! Business Insider is hosting a (free!) finance event tied to our "<a href="https://www.businessinsider.com/the-100-people-transforming-the-world-of-business-2019-4">100 people transforming the world of business</a>" list, which ran in April. The event is called IGNITION: Transforming Finance, and it will be held on June 10, 8-9:30 a.m., at the New York Stock Exchange. <a href="https://www.businessinsider.com/people-transforming-finance-2019-3">It'll feature a number of speakers from our list</a>, including Omar Ismail, the head of consumer digital finance in the Americas for Goldman's Marcus business, and Huy Richards, the head of digital investment banking at JPMorgan.Please reach out to me if you'd like an invite or want more information.I'll be off next week for the holiday weekend.See you in June!Olivia<hr /><div class="KonaFilter image-container display-table center"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/55174c136bb3f73f16abbe41-1920/screen shot 2015-03-28 at 84610 pm.png" border="0" alt="Ralph Schlosstein, Evercore Partners" data-mce-source="Bloomberg" data-mce-caption="Ralph Schlosstein, the president of Evercore." data-link="http://www.bloomberg.com/news/videos/b/00da1fce-fda8-4a8b-a596-4911e02fadce" /><a href="http://www.bloomberg.com/news/videos/b/00da1fce-fda8-4a8b-a596-4911e02fadce">Bloomberg</a>Ralph Schlosstein, the president of Evercore.</div></div></div>Evercore has torched competitors with the best returns on Wall Street over the past 10 years. Now it's setting its sights on Goldman Sachs and JPMorgan.Since Ralph Schlosstein joined Evercore about 10 years ago, the independent investment bank has produced a nearly 600% total return, and grown its advisory revenue to $1.74 billion from $180 million.No publicly traded competitor - bulge bracket or boutique - beats Evercore's performance over the past decade.<a href="https://www.businessinsider.com/evercore-profile-and-challenging-goldman-sachs-2019-5">Part of the firm's success is explained by what it says is a persistent and uncompromising approach to recruiting</a>: It'll hire only those it considers the best senior bankers, even if the courtship lasts years.But can an independent investment bank ever truly contend with the industry titans Goldman Sachs, JPMorgan, and Morgan Stanley?<a href="https://www.businessinsider.com/evercore-profile-and-challenging-goldman-sachs-2019-5">READ MORE HERE &gt;&gt;</a>Goldman Sachs execs are opening up about their plans for Marcus, and they think it can do to banking what iTunes did to the music industry.Goldman Sachs' consumer-finance business may be only three years old, but <a href="https://www.businessinsider.com/goldman-executives-discuss-marcus-compare-it-to-amazon-itunes-2019-5">the bank's execs already have ambitions</a> of having as big of an influence as two other giants in their respective industries: Amazon and Apple.That's the message to come out of three recent interviews Goldman execs have given. In a video posted this week on Goldman's website, Harit Talwar, Goldman Sachs' global head of consumer, said the firm was looking directly to Seattle and Cupertino, California, the homes of the two tech behemoths, for inspiration in growing its consumer banking footprint.<a href="https://www.businessinsider.com/goldman-executives-discuss-marcus-compare-it-to-amazon-itunes-2019-5">READ MORE HERE &gt;&gt;</a>WeWork's CEO explains why he thinks his $47 billion company is recession-proof, and how he keeps his ego in check as a young billionaire.<a href="https://www.businessinsider.com/category/adam-neumann">Adam Neumann</a> is the cofounder and CEO of <a href="https://www.businessinsider.com/category/wework">WeWork</a>, the global coworking-space company valued at $47 billion.WeWork, under its umbrella The We Company, filed for an initial public offering in December. Analysts are concerned with last year's $1.8 billion in revenue compared with its $1.9 billion in losses.<a href="https://www.businessinsider.com/wework-ceo-adam-neumann-business-model-softbank-ipo-risks-2019-5">Neumann told Business Insider</a> that WeWork was capable of being profitable but had chosen to invest in rapid global expansion. He said that the company was well positioned in case of an economic downturn in the US and that he would no longer personally lease properties to WeWork.<a href="https://www.businessinsider.com/wework-ceo-adam-neumann-business-model-softbank-ipo-risks-2019-5">READ MORE HERE &gt;&gt;</a>The next big venture-capital gold rush may be in Opportunity Zones, dubbed the "emerging markets of the United States."Venture-capital firms <a href="https://www.businessinsider.com/venture-capital-funds-jump-into-the-opportunity-zone-game-2019-5">are starting to launch and raise funds to invest in companies located in designated Opportunity Zones</a>, where investors can get protection from certain taxes.So far, most of the money pouring into Opportunity Zones has been from funds looking to purchase real estate, but recent regulatory guidance from the Internal Revenue Service says it's also possible to invest in businesses.The Opportunity Zone tax break, pushed through Congress by Sens. Corey Booker and Tim Scott, defers taxes on the sale of a stock, bond, property, or business if an investor places the money into a fund that invests in a low-income area.VC funds that have been set up are targeting companies in Scranton, Pennsylvania; Brooklyn, New York; Newark, New Jersey; and Provo, Utah.<a href="https://www.businessinsider.com/venture-capital-funds-jump-into-the-opportunity-zone-game-2019-5">READ MORE HERE &gt;&gt;</a>Why Goldman Sachs just did its biggest deal in nearly 20 years as part of a pivot to less wealthy clients.David Solomon is wasting little time. The Goldman Sachs CEO, an investment banker <a href="https://www.businessinsider.com/goldman-sachs-david-solomon-breaks-with-lloyd-blankfein-2019-1">who took over from Lloyd Blankfein last October,</a> signed the bank's largest deal in more than 15 years on Thursday, announcing the $750 million purchase of the United Capital wealth-management firm.The transaction is <a href="https://www.businessinsider.com/united-capital-goldman-sachs-deal-2019-5">intended to fill in Goldman's wealth offering</a> and bring in more recurring revenue to a firm that still gets more than 60% of its top line from trading, and private investing activities.More broadly, the deal is a sign that Solomon and his management team of CFO Stephen Scherr and president John Waldron recognize that investors haven't given the firm credit for maintaining some of the highest returns in the industry, according to analysts.<a href="https://www.businessinsider.com/united-capital-goldman-sachs-deal-2019-5">READ MORE HERE &gt;&gt;</a>In markets:<ul><li><a href="https://www.businessinsider.com/hft-working-with-investors-on-2019-5">A little-known HFT firm started using its cutting-edge tech to help investors execute big trades, and one client says it 'outperformed the market by a noticeable margin' </a></li><li><a href="https://www.businessinsider.com/softbank-vision-fund-predictions-for-10-year-future-rajeev-misra-2019-5">'The disruptors will be disrupted': The man who runs the $100 billion SoftBank Vision Fund offers bold predictions for how different the world will look in 10 years</a></li></ul>In tech news:<ul><li><a href="https://www.businessinsider.com/jpmorgan-is-working-with-snowflake-for-cloud-strategy-2019-5" data-analytics-position="2">JPMorgan has tapped buzzy startup Snowflake to help it solve one of the biggest issues firms face when moving to the cloud</a></li><li><a href="https://www.businessinsider.com/whatsapp-spyware-hack-what-to-do-if-you-think-your-phone-was-affected-2019-5">There's no way to know for sure whether your smartphone was infected by the WhatsApp attack. But here are some signs you should look out for.</a></li><li><a href="https://www.businessinsider.com/datastax-executives-leave-reorganization-ipo-2019-5">2 top execs at $967 million data-management company DataStax are leaving amid a reorganization as it heads for a potential IPO</a></li></ul>Other good stories from around the newsroom:<ul><li><a href="https://www.businessinsider.com/best-career-advice-from-top-wall-street-investment-bankers-2019-5">3 top Evercore execs share the exact career tips that made them dealmaking legends on Wall Street</a></li><li><a href="https://www.businessinsider.com/lilium-70-air-taxi-rides-will-be-a-reality-by-2025-2019-5">This futuristic flying taxi startup took a giant leap toward making $70 rides a reality within 6 years</a></li><li><a href="https://www.businessinsider.com/chick-fil-a-would-consider-work-lgbt-charity-2019-5">Chick-fil-A's head of charity reveals his strategy behind donations, how he responds to backlash, and why he believes Christian faith requires inclusivity</a></li></ul>

Evercore is going after JPMorgan and Goldman; WeWork's CEO explains why he thinks his $47 billion company is recession-proof

<div class="image-container float_right" style="width:400px"><div class="image"><img src="http://static5.businessinsider.com/image/516e97cbeab8ea553a000024-726-544/yahoo-ceo-marissa-mayer-at-the-world-economic-forum-in-davos-1.jpg?maxX=400" border="0" alt="Yahoo CEO marissa mayer at the world economic forum in davos" width="400" /></div><a href="http://www.flickr.com/photos/worldeconomicforum/8412861981/sizes/l/in/photostream/">World Economic Forum</a><keyword id="319703" type="PERSON" weightage="60" keywordseo="Marissa-Mayer">Marissa Mayer</keyword>.</div>Good morning, AdLand. Here's what you need to know today: 
<keyword id="6363100" type="CITY" weightage="60" keywordseo="Yahoo">Yahoo</keyword> revealed in its quarterly earnings call that its <a href="http://www.adweek.com/news/technology/yahoo-ad-revenue-slides-amid-mobile-gap-reduced-inventory-148633">display advertising fell 11% to $455 million</a>. Mayer said that the decline was in large part due to consumers going to Yahoo on their mobile devices, which simply have lower ad rates.
Volvo is <a href="http://www.adweek.com/news/advertising-branding/volvo-makes-luxury-play-new-campaign-148634">going for the luxury market with its new campaign</a>, led by Arnold.
Ad Age lists <a href="http://adage.com/article/digital/things-cpg-mobile-advertising/240903/">five things you didn't know about CPG advertising</a>.
Corey Booker <a href="http://adage.com/article/special-report-digital-conference/newark-mayor-cory-booker-write-tweets/240908/">writes his own incredible tweets.</a>
USA Today talks about <a href="http://www.usatoday.com/story/money/2013/04/13/ad-agency-entrepreneur-small-business/2019445/">agencies embracing entrepreneurship.</a>
Kenneth Parks was promoted from EVP/executive managing director <a href="http://www.mediabistro.com/agencyspy/parks-assumes-north-american-cmo-role-at-digitas_b47146">to North American CMO at Digitas.</a>
The IAB says that mobile ads took up 9% of online ad spending in 2012. That's $3.4 billion. 
Previously on Business Insider <keyword id="35666" type="COMPANY" weightage="100" keywordseo="advertising">Advertising</keyword>:
<ul>
<li><a href="http://www.businessinsider.com/mark-zuckerberg-ignore-dinner-guests-check-your-phone-2013-4" class="title">Mark Zuckerberg Says It's Totally OK To Ignore Dinner Guests While Checking Your Phone</a></li>
<li><a href="http://www.businessinsider.com/ad-of-the-day-uk-first-aid-psa-2013-4" class="title">AD OF THE DAY: The Sudden Twist In This Cliched Ad Will Make You Cry At Your Desk</a></li>
<li><a href="http://www.businessinsider.com/most-creative-people-in-mobile-advertising-2013-4" class="title">The 30 Most Creative People In Mobile Advertising</a></li>
<li><a href="http://www.businessinsider.com/linkedin-job-candidates-2013-4">How To Ace Your Job Interview With LinkedIn's Ad Sales Department</a></li>
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<li><a href="http://www.businessinsider.com/music-video-sources-its-viewers-cursors-2013-4">This Music Video Uses Your Computer Cursor To Create Itself</a></li>
<li><a href="http://www.businessinsider.com/german-parenting-mag-ad-has-teens-sexting-2013-4">German Parenting Magazine Uses Photos Of Sexting Teens In New Ad Campaign</a></li>
<li><a href="http://www.businessinsider.com/google-to-developers-no-ads-on-google-glass-2013-4">Google: Developers Can't Use Google Glass For Advertising</a></li>
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You Searched For "Corey Booker" and got 4 results

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