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<keyword id="2746883" type="General" weightage="50" keywordseo="key-highlights" source="Orion">Key Highlights</keyword> for April '22: <ul><li>Room Air Conditioner category recorded an unprecedented growth of over 170%</li><li>The overall Cooling Products segment grew by more than 160%</li><li>Commercial Refrigeration category grew by 125%Voltas <keyword id="1762359" type="General" weightage="50" keywordseo="beko" source="Orion">Beko</keyword> home appliances segment grew by 75%.</li></ul> <keyword id="452495" type="General" weightage="50" keywordseo="voltas-limited" source="Orion">Voltas Limited</keyword>,, from the house of <keyword id="8555" type="General" weightage="50" keywordseo="tata" source="Orion">Tata</keyword>'s, recorded a triple-digit growth in April 2022 , due to an increase in demand for cooling products given the intense summer experienced across the country. The volumes of April 2022 in the cooling products segment has broken many records. <keyword id="6354999" type="General" weightage="100" keywordseo="voltas" source="Orion">Voltas</keyword> has been the undisputed market leader in the Room Air Conditioner category since more than a decade, consistently maintaining the No. 1 position and has steadily maintained its lead over competition, with a lead of more than 640 BPS over nearest competitor as on YTD March FY22. The brand is now gearing up to meet its business objectives for FY 23. Commenting on the performance, Mr. <keyword id="272815" type="General" weightage="50" keywordseo="pradeep-bakshi" source="Orion">Pradeep Bakshi</keyword>, Managing Director &amp; CEO, <keyword id="201377" type="General" weightage="50" keywordseo="voltas-ltd" source="Orion">Voltas Ltd</keyword> said, "The summer of April 2022, has helped us gain an unprecedented growth in comparison to the last three years. Our Room AC business has grown up by over 170% in volume. The overall cooling products business has grown by more than 160% while our Home Appliances grew by 75% in volume. In Commercial Refrigeration, the company has grown by 125% in volume in April 22. We believe that our wide presence, focus on the emerging channels, excellent distribution network, strongest brand equity and attractive consumer offers, will help the brand stay ahead of the industry" He further added, "We are well poised to meet the growing demand, and are optimistic about achieving our business objectives for the financial year FY23." Besides its 24,000 customer touch points, Voltas also has a widespread network of exclusive brand outlets (EBOs) and plans to launch many more Brand Shops and Experience Zones by the end of FY 23. The Company has recently launched a dynamic product portfolio for the summer, and several Brand Shops in Tier 1, 2, and 3 cities across the country, to meet the expectations of consumers in these markets and enable them to experience the best-in-class technologically advanced products. Disclaimer: The following press release comes to you under an arrangement with PRNewswire. PTI takes no editorial responsibility for the same.

Voltas records an unprecedented triple-digit growth in April '22

The Department of Technology (DoT) is addressing the new digital environment by sharing the <keyword id="6488171" type="ORGANIZATION" weightage="20" keywordseo="National-Digital-Communications-Policy">National Digital Communications Policy</keyword> (NDCP) 2018's <a href="http://dot.gov.in/sites/default/files/DNDCP2018.pdf" data-type="tilCustomLink">draft</a> on its website. They’re also inviting responses from stakeholders and the public to make amendments. The NDCP outlines three main action paths, namely, ‘Connect <keyword id="3658" type="COUNTRY" weightage="20" keywordseo="India">India</keyword>’, ‘Propel India’ and ‘Secure India’ in its approach to addressing issues in the digital arena. Connect India looks at broadband as a tool for socio-economic development, while Proper India has the aim of harnessing the power of new digital technologies like 5G, artificial intelligence (AI) and Big Data. And finally, Secure India will move forward to ensure the sovereignty, safety and security of digital communication in the country. 
	
	
	
	
	
	
	<div type="image" title="Highlights from the national digital communications policy (1)" msid="64016362" hostid="261"></div>















 1. Change of name Previously known as the National <keyword id="478168" type="ORGANIZATION" weightage="20" keywordseo="telecom-policy">Telecom Policy</keyword> 2012, the NDCP marks a clear shift in priorities from just telecommunications to digital infrastructure, services and security. 2. ‘<keyword id="6493830" type="UNKNOWN" weightage="20" keywordseo="broadband-for-all">Broadband for All</keyword>’ The new policy aims to make sure that every citizen has access to broadband running at least 50Mbps, while all key development institutes should be receiving at least 100Mpbs of speed by 2022. The NDCP also seeks to ensure connectivity in all areas that are currently uncovered through channelising the Universal Service Obligation Fund (USOF). 3. ‘Fibre First Initiative’ There are two parts to this. The first aspect involves the implementation collaborative models to improve infrastructure sharing between public, local and private entities to increase access to fibre optic cables in municipalities, rural areas and national highways. The second fold involves leveraging the existing infrastructure to boost connectivity, affordability and sustainability. 4. National Digital Grid A central authority, called the <keyword id="6493828" type="ORGANIZATION" weightage="20" keywordseo="national-fibre-authority">National Fibre Authority</keyword>, will be put in place to handle utility between new initiatives being launched under the NDCP. The authority would coordinate access, standardisation of costs and timelines with respect to the National Digital Grid between the centre, states and local bodies. More importantly, such a mechanism will hopefully help remove barriers to obtaining approvals. 5. Create 4 million additional jobs in the Digital arena by 2022 Although the NDCP has stated the creation of additional jobs as a primary strategic goal that needs to be achieved by 2022, no specific measures or plan outline has been presented in the draft. That being said, they do vaguely point towards ‘capacity building’ as a subset of propelling India forward. 6. Attract $100 billion foreign investment for the telecom sector by 2022 Speaking of pushing India ahead, foreign investment has been highlighted as a major aspect of the policy. The NDCP aims to catalyse investment for the digital sector through various avenues like ensuring a holistic and harmonised approach for harnessing emerging tech, as well as providing an impetus to research and development, start-ups and local manufacturing. 7. Re-train and re-skill 1 million people with ‘new-age skills’ The people who are already a part of the workforce will be further empowered with the strengthening of PSUs (Public Sector Undertakings). The existing training infrastructure that’s already available with the telecom PSUs can be used for further skill development. 8. Expand the <keyword id="970768" type="PERSON" weightage="20" keywordseo="internet-of-things">Internet of Things</keyword> (IoT) network to encompass 5 billion connected devices The NDCP envisions to achieve this by simplifying the licensing and regulatory frameworks to ensure that appropriate security frameworks are put in place for using IoT, which is one of the leading concerns as of now. Another venture to promote IoT includes earmarking unlicensed spectrum space for IoT services, which will future-proof the use of IoT devices looking ahead. 9. Review of licence fees and spectrum usage charges The DoT recognized that the spectrum is a ‘key natural resource for public benefit’. The policy draft states that it will look into the optimal pricing of the spectrum so that the process is sustainable while also providing affordable access. There’s also a clause that states that spectrum allocation requires the development of a fair, flexible, simple and transparent method system. 10. The encouragement of Next Generation Access Technologies The policy outlines a basic plan to boost the participation of licensed service providers in using next generation access technologies in order to move towards cost optimisation, service agility and new revenue streams. 11. Creating Broadband Readiness Index for States/UTs A standard measurement mechanism will help attract investments and address challenges from the rest of the world. This initiative will be supported through fiscal stimuli like depreciation and tax incentives. 12. Secure India The aim of the policy is to establish a strong, flexible and robust data protection regime so that each citizen and enterprise can operate with autonomy and be given the freedom of choice. More importantly, the NDCP wants to put forth a Telecom Testing and Security Certification (TTSC) to enforce security standards that are at par will global standards with consideration for local requirements.

12 key highlights from India’s new National Digital Communications Policy

<div class="KonaFilter image-container display-table"><div><div class="image on-image">AP/Elaine ThompsonSeattle has an Amazon-branded streetcar.</div></div></div><ul><li><a href="https://www.businessinsider.com/category/amazon">Amazon</a> made a $1.5 million investment in bus infrastructure in Seattle.</li><li>The investment will increase bus frequency on some routes that Amazon employees use to get to work.</li><li>Public transit has been a big sticking point for cities as they fight for the chance to host Amazon's second headquarters, <a href="https://www.businessinsider.com/category/amazon-hq2">HQ2</a>.</li></ul><a href="https://markets.businessinsider.com/stocks/amzn-stock">Amazon</a> is making another major investment in public transit.King County, Washington, announced last Wednesday that the online <keyword id="6354851" type="UNKNOWN" weightage="100" keywordseo="retail">retail</keyword> giant would be investing $1.5 million in increasing bus frequency in the area. The money will help to add 22 more weekday bus trips for a period of two years on some of the city's busiest routes. That's equal to room for 1,700 more riders."Adding 12,000 hours of additional bus service across the county and city's busiest routes will benefit all King County and Seattle residents," John Schoettler, head of real estate at Amazon, said in a statement. "More than half of our employees get to work in ways other than a single occupant vehicle - including more than 20 percent that take the bus. We are excited to see the increased capacity, and will continue to work with Metro and the City of Seattle to find innovative solutions that provide long-term transit options for the region."Amazon has paid for $60 million worth of public transit for its employees since 2014. The company previously supported public transit in the region by investing $5.5 million in Seattle's <a href="https://www.seattletimes.com/seattle-news/amazon-plan-adds-more-streetcar-trips/">streetcar in 2012.</a>The company has stated that public transit is one of its priorities for selecting a location for its second headquarters. Earlier this year, <a href="https://www.axios.com/amazon-hq2-shorlist-shows-that-jeff-bez-1516308780-e87b39b5-f4b2-4f46-9cd1-3b2bca6598d8.html">Axios reported</a> that Amazon "froze out cities with poor public transit" when the company selected its <a href="https://www.businessinsider.com/amazon-reveals-hq2-candidates-2018-1">shortlist of potential cities</a>.Amazon <a href="https://www.businessinsider.com/amazon-myth-leads-cities-to-scramble-for-hq2-2018-1">has been blamed for contributing to traffic congestion</a> in Seattle as it has grown rapidly in the city. The company clearly wants to avoid a repeat of the problem as it makes a fresh start in a new city. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/cactus-store-nyc-why-this-cactus-listed-250000-2018-6">Why this cactus is listed for $250,000</a></h3> <div> </div> </div>

Amazon made an important investment in Seattle, and it highlights a key issue for HQ2

<ul class="summary-list"><li>Russia's economy is facing challenges despite resilience and high liquidity, says Rosneft's CEO.</li><li>He said the central bank's 16% interest rate to curb inflation hampers borrowing and investment.</li></ul>Russia's wartime economy appears to be humming along over two years into its war with Ukraine. But doing business is hard, according to the boss of a Russian oil giant."Despite a record 103 trillion ruble of liquidity within the perimeter of the Russian banking system, the industry is unable to raise financing," <a target="_blank" href="https://www.rosneft.com/press/news/item/219917/">said</a> Igor Sechin, the CEO of Rosneft — Russia's largest oil producer — at the <a target="_blank" href="https://www.businessinsider.com/russia-economy-politics-putin-nepo-baby-daughters-st-petersberg-forum-2024-6">St. Petersburg International Economic Forum</a> on Saturday. That's about $1.2 billion of liquidity.The country's top central banker, Elvira Nabiullina, has hiked interest rates up to 16% over the last year to tame inflation.The high rates discourage borrowing and investment, "which are necessary for sustainable development," said Sechin.It wasn't the first time Sechin griped about high interest rates.Last month, after Rosneft's first-quarter results, <a target="_blank" rel="noopener" class="media-ui-Link_link-tVkXhPLPofs-" href="https://www.rosneft.com/press/releases/item/219651/">Sechin said</a> that "market conditions in Russia have already resulted in a significant incremental cost of debt.""The Company's average quarterly debt service cost reached its maximum in the 21st century," Sechin added.On Friday, <a target="_blank" href="https://www.cbr.ru/eng/press/keypr/">Russia's central bank </a>kept its key interest rate at 16% for the fourth straight month. But the bank said in a statement that it "holds open the prospect of increasing the key rate at its upcoming meeting" on July 26 should high inflation continue.<a target="_blank" rel=" nofollow" href="https://tass.com/economy/1798675">Russia's inflation rate</a> stood at 8.17% from May 28 to June 3 — up from 8.07% a week earlier. This is double the central bank's 4% inflation target.<h2 id="baa7bab9-2d82-477a-b58d-fb615b79663e">Russia's overheated economy masks risks</h2>Sechin's comments highlight the challenges in Russia's sanctions-hit economy, which has appeared resilient despite the Ukraine war.Russia posted 3.6%<a target="_blank" rel=" nofollow" href="https://www.reuters.com/world/europe/russian-2024-gdp-growth-seen-matching-2023-36-finance-minister-says-2024-04-19/"> GDP growth last year</a> and unemployment rate hit a record low 2.6% in April. Meanwhile, real wages jumped nearly 13% in March from a year ago due to an ongoing labor crunch.It's so hot that Herman Gref, the CEO of Sberbank — Russia's largest bank by asset value — said last week the <a target="_blank" href="https://www.businessinsider.com/russias-economy-definitely-and-strongly-overheated-sberbank-ceo-2024-6">country's economy</a> is "definitely and strongly overheated." Nabiullina herself warned in December the country's economy was at <a target="_blank" rel="" href="https://www.businessinsider.com/russia-economy-central-bank-governor-nabiullina-warns-overheating-inflation-interest-2023-12">risk of overheating.</a>Reports from Russia suggest the country's economy is <a target="_blank" rel="" href="https://www.businessinsider.com/russia-economy-how-moscow-pays-war-economy-afloat-sanctions-ukraine-2024-2">primarily driven by</a> wartime activities that generate demand for military goods and services, subsidies that steady the economy, and sharp policy-making.But rosy GDP figures alone are not a good measure of economic performance during wartime. The main production — weapons and munitions — doesn't better the quality of life for Russians or contribute to future economic growth, Sergei Guriev, a former chief economist at the European Bank for Reconstruction and Development, <a target="_blank" href="https://daviscenter.fas.harvard.edu/insights/russias-economy-war-ukraine-and-hopes-post-putin-liberalization">said</a> in January.

A key Russian CEO just highlighted the clash between stabilizing the economy and growing business in wartime

"The sanctity of the Constitution, it is our responsibility. We must not forget that people give us power when we move together in consensus... Consensus is more important than majority rule…." After a long time, we saw Prime Minister <keyword id="6354477" type="PERSON" weightage="100" keywordseo="Narendra-Modi">Narendra Modi</keyword> move away from launching scathing attacks on the Opposition and rise beyond petty politics to talk of the sanctity of the Indian Constitution. On Friday, as he addressed the <keyword id="6355187" type="ORGANIZATION" weightage="100" keywordseo="Lok-Sabha">Lok Sabha</keyword> on the <keyword id="3152186" type="UNKNOWN" weightage="100" keywordseo="Constitution-Debate">Constitution debate</keyword>, he was seen reaching out to the Opposition like never before amid discussions being held to commemorate the 125th birth anniversary of Dr <keyword id="116616" type="ORGANIZATION" weightage="100" keywordseo="BR-Ambedkar">BR Ambedkar</keyword>. Here are some of the key takeaways from his speech: 
 
His ‘Idea of India’ 
 Prime Minister Narendra Modi said <keyword id="6354914" type="ORGANIZATION" weightage="100" keywordseo="Democracy">democracy</keyword> gains strength when consensus is built and no party can impose its will no matter how big majority it possesses. In his one-hour long speech, Modi said 'India first' is the only religion of government and Constitution is its only scripture. 
 
Rising above politics to laud all the previous governments 
 
Modi said that all past Prime Ministers and governments deserve credit for the country's growth and no one can say that past governments did not do anything. "The growth of this country is because of all the Prime Ministers and all governments. We can never say that past government has done nothing. It is the demand of time that we make people aware of the sanctity and strength of our Constitution," he said. 
 
Saluting Dr BR Ambedkar for the Constitution: 
 
Lauding Dr. BR Ambedkar for his contribution to the making of the Indian Constitution, the Prime Minister said that Babasaheb consumed all the poison and gave India 'amrit' in the form of the Constitution. He added that the spirit of the parliamentary debates and Constitution is not about one or two individuals, but about the entire country. 
 
Envisaging the need to follow constitutional measures for maintaining democracy: 
 
"If Constitution simply becomes a document to be followed by the government then democracy will suffer, that's why it needs to reach the roots. To strengthen our democracy, it is important for people to know about all the aspects of our Constitution. If we wish to maintain democracy, we must maintain and uphold constitutional measures. Constitution's purpose is not just to define three organs of the state, but also limit their authority," the Prime Minister said.

'India first is the only religion of govt and Constitution is its only scripture': Key highlights from PM Modi's speech in Parliament

<ul><li><keyword id="577854" type="PERSON" weightage="60" keywordseo="Chris-Sacca">Chris Sacca</keyword> highlighted the risks to amateur investors of backing <keyword id="6362513" type="UNKNOWN" weightage="60" keywordseo="startups">startups</keyword>.</li><li>The billionaire venture capitalist pointed out that professionals often lose money.</li><li>Sacca advised casual investors to spread their bets, avoid debt, and expect to fail.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">See more stories on Insider's business page</a>.</li></ul>Investor Chris Sacca praised new rules allowing more people to bet on startups in a <a href="https://twitter.com/sacca/status/1371886011597254657">Twitter thread</a> this week. However, he told amateur investors to exercise caution given the significant risks."Mom &amp; Pop shouldn't be shut out anymore," Sacca said, after regulators <a href="https://www.sec.gov/news/press-release/2020-191">expanded the definition</a> of "accredited investor" and <a href="https://www.sec.gov/news/press-release/2020-273">loosened restrictions</a> on how much people can invest in <a href="https://www.businessinsider.com/gumroad-sahil-lavingia-opens-5m-crowdfunding-round-new-sec-rule-2021-3?r=US&amp;IR=TIR=T">crowdfunding rounds</a>.Yet early-stage companies rarely succeed, the <keyword id="2881636" type="COMPANY" weightage="60" keywordseo="Lowercase-Capital">Lowercase Capital</keyword> founder and former "<keyword id="1417364" type="COMPANY" weightage="60" keywordseo="Shark-Tank">Shark Tank</keyword>" star warned."Most startups shit the bed," he said. "Don't invest money that you can't afford to lose."Sacca - an early investor in Uber, Twitter, and Instagram - pointed out professional investors back dozens of businesses to boost their chances of finding a winner."The real danger is when everyday folks put money into one of these companies, but can't afford to place multiple bets," he said. "Letting it all ride on one venture stacks the odds against you."Amateurs shouldn't get cocky and expect to outsmart the pros either, Sacca cautioned."I've shattered the market, put up silly numbers, and have an insanely high hit-rate," he said. "Yet I'm here to tell you that we still have companies go to zero."Angel investors and venture capitalists stomach losses even though they can help their portfolio companies find a buyer, execute a turnaround, or raise more money, Sacca continued."We have the paddles and can yell 'Clear!" he said. "And yet, we still have patients flatline on the table."Sacca dismissed the idea that betting on startups should be "reserved for the rich." Yet he felt compelled to offer some tips to help casual investors avoid being the "inevitable horror story.""Only invest what you can lose. Don't borrow," he said. "Spread it around multiple investments. And, overall, assume you are going to lose your money and be pleasantly surprised if you get back more than you put in. Good luck."Sacca offered <a href="https://markets.businessinsider.com/currencies/news/billionaire-investor-chris-sacca-mocks-robinhood-bros-trading-reckless-stonks-2021-1-1029928519">similar advice</a> to <a href="https://markets.businessinsider.com/news/stocks/chris-sacca-shark-tank-cheers-gamestop-traders-warns-dangers-debt-2021-1-1030015728">day traders</a> earlier this year. He warned them not to borrow money to make trades, highlighting his experience of turning his student loans into $12 million, only to wake up $4 million in debt after his debts soured.

Venture capitalist Chris Sacca highlights the key risks of betting on startups - and offers 3 tips for amateur investors

Ray Dalio/YouTubeRay Dalio and Sean "Diddy" Combs embrace in front of Diddy's California home.<ul class="summary-list"><li>Billionaire Ray Dalio, founder and co-chairman of Bridgewater Associates, released a recent mentoring session he had with rap mogul Sean "Diddy" Combs.</li><li>Dalio <a href="https://twitter.com/RayDalio/status/1204445469713326080">publicized the interview on Twitter</a> and <a href="https://www.youtube.com/watch?time_continue=2&amp;v=SCCfk2a2O5o&amp;feature=emb_title">released it on YouTube</a>.</li><li>Diddy sought Dalio's mentorship "to help take his great success to another level," <a href="https://twitter.com/RayDalio/status/1204445640937418752">according to Dalio</a>.</li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary" target="_blank" rel="noopener">Click here for more BI Prime stories</a>.</li></ul><h3>You can watch the full interview here:</h3>Dalio-Diddy is the pairing you never knew you needed.Billionaire hedge funder Ray Dalio gave viewers an inside look into a recent mentoring session he had with his new protégé, none other than the rap mogul Sean "Diddy" Combs.This unlikely pairing took center stage in a thoughtful interview Dalio <a href="https://twitter.com/RayDalio/status/1204445469713326080">publicized on Twitter</a> and <a href="https://www.youtube.com/watch?time_continue=2&amp;v=SCCfk2a2O5o&amp;feature=emb_title">released on YouTube</a>.A representative for Dalio confirmed for Business Insider that the pair met at the Forbes 100 Greatest Business Minds Summit. "I'm thankful that my last name ends in a C and yours ends in a D, because that's how we met," Diddy told Dalio in the video. "I was in front of you when we went to take the big picture." Diddy asked Dalio a few key questions based on Dalio's best-selling book "<a href="https://go.skimresources.com/?id=35871X943606&amp;isjs=1&amp;jv=13.25.1-stackpath&amp;sref=https%3A%2F%2Fwww.businessinsider.com%2Fbridgewater-ray-dalio-personal-app-principles-2019-4&amp;url=https%3A%2F%2Fwww.amazon.com%2FPrinciples-Life-Work-Ray-Dalio%2Fdp%2F1501124021%2Fref%3Dtmm_hrd_swatch_0%3F_encoding%3DUTF8%26qid%3D%26sr%3D%26dpID%3D41FTdFjrceL%26preST%3D_SY291_BO1%2C204%2C203%2C200_QL40_%26dpSrc%3Ddetail%26tag%3Dbisafetynet2-20&amp;xguid=01DQ0GXKT6QCHCRGMDVMMM9F7A&amp;xs=1&amp;xtz=300&amp;xuuid=f1e7fc28d821780831634d98b8f61e6c">Principles</a>," which outlines the Bridgewater founder's integral success ideas. Dalio even released <a href="https://www.businessinsider.com/bridgewater-ray-dalio-personal-app-principles-2019-4">a free app</a> based on the book. Diddy sought Dalio's mentorship "to help take his great success to another level," <a href="https://twitter.com/RayDalio/status/1204445640937418752">according to Dalio</a>.Here's what Dalio candidly told Diddy he had to do to make this happen.<h2>Ask: Am I harvesting the best?</h2>In defining radical transparency, Dalio advised Diddy to be open-minded, yet assertive at the same time."Don't give up your assertiveness, but be curious," Dalio said. "Am I harvesting the best?"This involves the ability to hear other peoples' ideas (harvest them, if you will), and then place them through the rigorous filter of your own mind. Dalio says the biggest problem people have is that they become so tied or blocked by their own opinions that they can't take in those of others."The worst problem, the worst tragedy of mankind, almost any individual, is that they're attached to opinions that are wrong, and they don't want them to be stress-tested," Dalio said.Radical transparency means going to the brightest minds with what you know and asking them to stress test your beliefs so that you can move forward with some level of confidence.Dalio told Diddy that this was important for him to move to the next level in his career."The key is to find out what you're not good at," Dalio said, adding, "then you get the people who are good at those things, and then you get the great leverage, right?" <h2>Finding the right people</h2>Diddy brought up the point that in searching for talent, some people interview well, but actually lack the essential qualities needed to do the job. He asked Dalio how to find the right people.Dalio uses personality profile testing, background checks, and resumes to filter through candidates, but the key process is what he calls "reverse-360." This involves finding out about the candidate from everybody who knew them in the past.Then, within the specs sheet, the focus shouldn't just be on skills, according to Dalio - in fact, he identifies it as the least important thing. The other two qualities that take precedence are values and abilities. "First, what are their values?" Dalio said. "If you're not values-aligned, you're gonna have a problem. How are you going to be with each other?"Then comes differentiating by the abilities that people have innately, like creative thinking or dependability. "Each person has a natural ability and abilities that they've gone on to develop," Dalio said. "Those are the things that make you excel or bad at things."Last comes skills, which are learned.When the candidate comes in for the interview, they're tested, and the testing continues every day they're on the job.<h2>Getting personal</h2>Diddy brought Dalio's advice on team-building home when he got personal and shared his own situation with Dalio:Dalio told Diddy that he should "absolutely" not compromise on excellence.However, at the same time, finding the right path is about finding the right partners and having them fill in the gaps in your own skillset. Dalio told Diddy that once he found the right people, it would be a "kick," or a joy, to work with them. "Whatever you want in your life, you have to ask, 'Who's going to be capable of giving it to me?'" Dalio said.The mindset transition should be from that of player to captain - and the leader doesn't have to do everything themselves. "That right there is the definition of a mentor-mentee relationship for me," Diddy said, responding to Dalio's advice. "I have my marching order, I know what to do with that."<h3> </h3> <h3>NOW WATCH: <a href="https://www.businessinsider.com/deepak-chopra-how-to-unleash-your-happiness-creativity-productivity-2019-11">Deepak Chopra explains how to unlock your natural happiness, creativity and productivity</a></h3>

Yes, billionaire Ray Dalio is mentoring hip-hop mogul Sean 'Diddy' Combs - and these are the key highlights from their unexpectedly personal meeting

<ul class="summary-list"><li>Bill Ackman poked at Carl Icahn, called out the debt-ceiling chaos, and touted his Alphabet wager.</li><li>The Pershing Square chief talked up his other bets, including Lowe's, Hilton, and Howard Hughes.</li></ul>Bill Ackman took aim at Carl Icahn, complained about the debt-ceiling debacle, and trumpeted his hedge fund's new <a href="https://markets.businessinsider.com/stocks/googl-stock">Alphabet</a> wager on Wednesday.The billionaire investor and Pershing Square chief also touted several of his firm's other holdings, including Lowe's, Hilton, and Howard Hughes. Here are the highlights from Ackman's first-quarter investor call and critical tweet on Wednesday.<h2>1. Targeting an old foe</h2>Ackman and Icahn famously <a href="https://www.businessinsider.com/icahn-has-won-the-war-with-ackman-over-herbalife-2016-7">clashed over</a> Herbalife, a nutritional-supplement company, in the mid-2010s. The Pershing Square chief opened fire at his former adversary, who is currently <a href="https://markets.businessinsider.com/news/stocks/carl-icahn-wealth-net-worth-billionaire-investor-short-seller-hindenburg-2023-5">fending off</a> short seller Hindenburg Research, <a href="https://twitter.com/BillAckman/status/1661464270255603713" target="_blank" rel="noopener">on Twitter</a> this week.He compared Icahn's strategy of borrowing heavily against his <a href="https://markets.businessinsider.com/stocks/iep-stock">Icahn Enterprises</a> stock to fund his investments to Archegos — <a href="https://markets.businessinsider.com/news/stocks/who-is-bill-hwang-archegos-tiger-cub-christian-insider-trading-2021-3-1030255723">Bill Hwang's family office</a> that relied massively on margin debt and blew up in 2021.Ackman also questioned whether Icahn, who's been labeled a "corporate raider" for his activist-investing style, has any genuine friends.<h2>2. Brushing off debt fears</h2>The US could potentially <a href="https://www.businessinsider.com/debt-ceiling-brinkmanship-can-have-dangerous-effects-on-the-economy-2023-5">default on its debt</a> within weeks if the White House and Congress fail to strike an agreement to raise the federal-borrowing limit.Ackman suggested a deal will most likely be reached, but cautioned there's still the possibility of disaster, according to a conference-call transcript provided by AlphaSense/Sentieo."The elephant in the proverbial room are the debt ceiling talks that remain unresolved," he said. "It's just not a good for America moment, and it could lead to a permanent increase in the cost of our debt."Pershing Square holds some <a href="https://markets.businessinsider.com/news/stocks/bill-ackman-pershing-square-portfolio-hedges-pandemic-crash-interest-rates-hikes-10">interest-rate hedges</a> that could benefit if the US defaults and 30-year borrowing rates go up, but Ackman said he's hoping an agreement is reached instead.<h2>3. Betting on Alphabet</h2>Pershing Square's first-quarter <a href="https://markets.businessinsider.com/news/stocks/bill-ackman-pershing-square-reveals-over-1-billion-stake-alphabet-2023-5">portfolio update</a> showed that it scooped up 10.3 million Alphabet shares in the first quarter. Ackman revealed his firm's stake is actually 20% to 25% larger than that, but it bought the additional shares using forward contracts that didn't have to be included in its <a href="https://www.sec.gov/Archives/edgar/data/1336528/000117266123002303/0001172661-23-002303-index.htm" target="_blank" rel="noopener">13F filing</a>.Ackman and his team built the position at an average cost of about $94 a share, he said. Both Alphabet's "A" and "C" shares traded around $121 as of Wednesday's close, suggesting they've already scored an almost 30% gain on the stock.Include the extra 2 million-odd shares mentioned by Ackman, and Pershing Square holds about 12.3 million shares in total. That position was worth about $1.5 billion at the last count, representing a roughly $330 million gain for Ackman and his team on their wager.Ackman also outlined why he's bullish on Google's parent company. Alphabet's earnings are tempered by losses on certain bets that might eventually pay off big, its cloud-computing division is at a scale where Amazon was able to make a substantial profit, and the tech giant has plenty of cash, he said."We're looking at it in a very conservative way, and we think it's a secular winner in advertising and <a href="https://www.businessinsider.in/stock-market/news/alphabet-stock-has-more-upside-as-google-search-still-has-advantages-over-chatgpt-bank-of-america-says/articleshow/100427465.cms" target="_blank" rel="noopener">likely AI as well</a>," Ackman said.<h2>Lowe's, Hilton, and Howard Hughes</h2>Ackman underlined the strengths of some of Pershing Square's other holdings. Unlike most retailers, <a href="https://markets.businessinsider.com/stocks/low-stock">Lowe's</a> owns most of its stores so it doesn't have to worry about rising rents or losing control of attractive locations, he said."When you think of a 14 multiple in the context of owning the real estate, it makes it an even cheaper story," he said, referring to the current valuation of Lowe's stock.Ackman also highlighted <a href="https://markets.businessinsider.com/stocks/hlt-stock">Hilton</a>'s expertise in creating credible, successful brands. Moreover, he shrugged off worries about a downturn in commercial real estate, which have weighed on shares of <a href="https://markets.businessinsider.com/stocks/hhc-stock">Howard Hughes</a> — a property developer that owns a bunch of office assets."We take the long view, and we're very happy to own more of the company at an attractive price," he said.

Bill Ackman jabbed at Carl Icahn, touted his new Alphabet wager, and bemoaned the debt-ceiling debacle this week. Here are the key highlights.

<div class="KonaFilter image-container display-table"><div><div class="image on-image">GettyWalmart failed to keep some basic items in stock over the holiday period.</div></div></div><ul><li><a href="http://markets.businessinsider.com/stocks/wmt-stock">Walmart's</a> online sales grew 23% in the most recent quarter, down from 50% growth in the previous period. </li><li>The company said it failed to keep some basic items in stock over the holidays, as it tried to manage higher demand of seasonal items like televisions and toys. </li></ul> Walmart's online sales growth sharply slowed over the critical holiday period, falling to 23% growth from a staggering 50% jump in the previous quarter. <a href="http://markets.businessinsider.com/stocks/wmt-stock">Walmart</a> CEO Doug McMillon said Tuesday that most of the slowed growth was "expected and planned."But some of it was because of operational issues. Specifically, Walmart failed to keep some basic items in stock during peak sales periods, McMillon said on a call with investors Tuesday. Walmart had to stock more seasonal items in its warehouses like toys, televisions, and other electronics, which are in high demand during the holiday period, he explained.In-stock levels on other non-seasonal items were "harmed" as a result, he said."We're learning how to deal with higher volumes," McMillon said on a call with analysts on Tuesday. The fact that demand exceeded Walmart's expectations is a good sign for the business. But its inability to properly respond to that higher demand is concerning. Walmart shares fell nearly more than 7% in early trading on Tuesday.Walmart assured investors that it would eventually fix the problem, saying it expects online sales growth to bounce back to 40% for the full upcoming year. "We're not expecting the first quarter to go all the way to 40%" growth, McMillon said, hedging the company's prediction a bit. Instead, growth will ramp up gradually over the next four quarters and reach an average of 40% for fiscal 2019, he said.<div id="categorypromo" style="border:1px solid silver; min-height:90px; padding:10px;vertical-align:top;box-sizing: content-box;"><a href="http://read.bi/retail-2018"></a>EXCLUSIVE FREE SLIDE DECK: The Future of <keyword id="6354851" type="ORGANIZATION" weightage="100" keywordseo="Retail">Retail</keyword> 2018 by the BI Intelligence Research Team. <a href="http://read.bi/retail-2018">Get the Slide Deck Now »</a></div> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/review-verdict-diet-coke-four-new-flavors-soda-2018-1">Diet Coke has released four new flavors - here's what our resident Diet Coke fans have to say</a></h3> <div> </div> </div>

Walmart's online sales growth has sharply slowed - and it highlights a key weakness in its battle with Amazon

<ul class="summary-list"><li>Adderall supply issues, which began in October 2022, are making the medication more expensive. </li><li>The Biden Administration said it's focused on strengthening manufacturing supply chains for Adderall.</li></ul>It's been 18 months since the US Food and Drug Administration announced an <a target="_blank" href="https://www.businessinsider.com/guides/health/mental-health/what-does-adderall-do">Adderall</a> shortage. Since then, many Americans have <a target="_blank" href="https://www.businessinsider.com/ai-adderall-targeted-advertising-opioid-crisis-cerebral-purdue-pharma-2023-7">struggled to access</a> their necessary medications due to supply and cost issues.<a target="_blank" href="https://www.axios.com/2022/11/15/adderall-shortage-adhd-diagnosis-prescriptions">Forty-one million Americans</a> were prescribed Adderall in 2021 to manage attention deficit hyperactivity disorder, narcolepsy, and other conditions. The shortage and increased costs could impact who many Americans vote for in the upcoming presidential election.Fifty-five percent of US adults said they worry about being able to <a target="_blank" href="https://www.businessinsider.com/healthcare-costs-lead-financial-worries-voting-presidential-election-biden-trump-2024-2">afford prescription drug costs</a>, according to a survey of 1,309 people performed between January and February by <a target="_blank" href="https://www.kff.org/affordable-care-act/poll-finding/kff-health-tracking-poll-february-2024-voters-on-two-key-health-care-issues-affordability-and-aca/?utm_campaign=KFF-Health-Costs&amp;utm_medium=email&amp;_hsmi=295044909&amp;_hsenc=p2ANqtz-9YLOFwxmJDu2FSq9a51XObKPML65p1r_Vs9lj2U4rDKgFXp6WQp3xgw1uueVFNks2eKg2Mp8H9paxMfHabwU7aOIPi3Q&amp;utm_content=295044909&amp;utm_source=hs_email">KFF</a> (formerly known as Kaiser Family Foundation).<a target="_blank" href="https://www.hhs.gov/about/news/2024/04/02/hhs-releases-white-paper-focused-preventing-drug-shortages.html">In light of the shortage</a>, the Biden administration told Business Insider it is focused on strengthening manufacturing supply chains for Adderall and similar drugs, but did not give specifics as to how to accomplish these goals.<h2>White House is working to strengthen pharmaceutical supply chains</h2>The FDA and Drug Enforcement Administration called on manufacturers to <a target="_blank" href="https://www.fda.gov/media/170736/download?attachment">increase the production</a> of ADHD medications in order to meet the quota in a letter published in August 2023.Because of Adderall's high potential for abuse, the DEA enacts quotas on how much can be produced in the US at one time — but many manufacturers have been producing under quota, contributing to the shortage and higher prices."This work to strengthen pharmaceutical supply chains is a continuation of the work that began on day 1 of President Biden's Administration to ensure Americans can access the medicine they need when they need it," The White House said in a statement to BI.The Biden administration is also <a target="_blank" href="https://www.whitehouse.gov/briefing-room/statements-releases/2023/11/27/fact-sheet-president-biden-announces-new-actions-to-strengthen-americas-supply-chains-lower-costs-for-families-and-secure-key-sectors/">working with</a> the Department of Health and Human Services on medical manufacturing policy to <a target="_blank" href="https://www.hhs.gov/about/news/2024/04/02/hhs-releases-white-paper-focused-preventing-drug-shortages.html">prevent future shortages</a>, and has enhanced some pharmaceutical production under the <a target="_blank" href="https://www.hhs.gov/about/news/2023/11/27/biden-harris-administration-announces-actions-bolster-medical-supply-chain.html#:~:text=President%20Biden%20will%20issue%20a,President%20as%20essential%20to%20the">Defense Production Act</a>.This comes as healthcare access is a leading part of <a target="_blank" href="https://www.businessinsider.com/bidens-state-of-the-union-abortion-access-prescription-drug-cost-2024-3">President Joe Biden's reelection campaign</a>. The administration has taken steps to negotiate lower prices with major pharmaceutical companies, <a target="_blank" href="https://www.businessinsider.com/insulin-price-cap-costs-diabetes-supplies-pump-monitor-tiktok-2024-2">make insulin more affordable</a>, and expand <a target="_blank" href="https://www.businessinsider.com/healthcare-for-veterans-expands-toxins-harzards-pact-act-va-2024-2">healthcare for veterans</a> and <a target="_blank" href="https://www.businessinsider.com/boomers-medicare-part-d-prescription-drug-costs-biden-inflation-reduction-2024-2">Medicare</a> and Medicaid recipients. However, Adderall is not currently on Biden's <a target="_blank" href="https://www.whitehouse.gov/briefing-room/statements-releases/2023/08/29/fact-sheet-biden-harris-administration-announces-first-ten-drugs-selected-for-medicare-price-negotiation/">list of drug price negotiations</a>.<h2>FDA says current Adderall supply does not meet demand</h2>In October 2022, <a target="_blank" href="https://www.fda.gov/drugs/drug-safety-and-availability/fda-announces-shortage-adderall">the FDA posted</a> that amphetamine mixed salts — which are commonly referred to as the brand-name Adderall — did not have "sufficient supply to continue to meet US market demand."Demand for ADHD medications has also spiked since the beginning of the pandemic, <a target="_blank" href="https://www.cnn.com/2023/03/30/health/adhd-stimulant-prescriptions-increasing/index.html">per CNN</a>, with women and people in their 20s and 30s receiving the highest increase in prescriptions.Meanwhile, with limited amounts of Adderall available, pharmacy prices are increasing.<a target="_blank" href="https://www.usatoday.com/story/news/investigations/2023/12/21/adhd-drug-prices-increase-nationwide-shortage/71746194007/">USA Today reported</a> in December 2023 that retail community pharmacies are struggling to stock the medication. The <a target="_blank" href="https://data.medicaid.gov/dataset/99315a95-37ac-4eee-946a-3c523b4c481e">cost of Adderall</a> to pharmacies has doubled, and in some cases tripled, since the shortage began — outpacing inflation.USA Today reported that pharmacies are then charging consumers higher prices for the prescription. Some people must switch to alternative stimulants, which may or may not be covered by insurance, or choose to forgo their prescription altogether.The DEA recently announced a <a target="_blank" href="https://www.federalregister.gov/documents/2023/10/03/2023-22059/adjustment-to-the-aggregate-production-quota-for-methylphenidate-for-sale-for-2023">quota increase</a> for the ADHD medication methylphenidate, and the FDA approved the use of several <a target="_blank" href="https://www.fda.gov/media/176440/download?attachment#:~:text=In%202023%2C%20FDA%20approved%20multiple,disorder%20(BED)%20in%20adults.">generic forms of Adderall</a> in hopes of increasing the overall availability of medication.<h2>Some Americans with ADHD aren't getting the medication they need</h2>A study released on April 2 by <a target="_blank" href="https://www.truveta.com/blog/research/research-insights/adderall-shortage/?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=newsletter_axiosvitals&amp;stream=top">Truveta, a health data platform</a>, shows that 1 in 10 Americans who take Adderall have been impacted by the shortage.The study calculated the monthly rate of prescription fills for 336,355 people taking prescription stimulants between 2018 and 2023. The groups were split into categories of people over 18 and under 18.The prescription fill rate for ADHD medications fell from 44.5% in December 2022 to 40.7% in February 2023, the study found. Refill rates were also 11.4% lower in the first five months of 2023 compared to the first five months of 2022.Individuals with ADHD <a target="_blank" href="https://www.usatoday.com/videos/news/health/2023/12/15/adderall-shortage-impacting-adhd-sufferers-nationwide/71935442007/">told USA Today</a> that the continued scarcity and high costs of Adderall and related medications have caused them to skip prescription refills or ration doses."If the insurance dictates where you get your pills, and that pharmacy doesn't have the pills or that pharmacy chain in your area doesn't have those pills, you're out of luck," Dr. David Goodman, an assistant professor of psychiatry and behavioral sciences also at Johns Hopkins University, <a target="_blank" href="https://www.medscape.com/viewarticle/no-end-sight-national-adhd-drug-shortage-2024a10004me?form=fpf">told Medscape Medical News</a>.Like opioids, Adderall use can also <a target="_blank" href="https://www.businessinsider.com/guides/health/treatments/adderall-side-effects">lead to addiction</a>, and the federal government is taking steps to make it more difficult to obtain the drug <a target="_blank" href="https://www.axios.com/2023/02/25/biden-ban-telehealth-prescriptions-controlled-drugs-narcotics">without an in-person doctor's visit</a>. The proposed legislation isn't contributing to the shortage, but it could <a target="_blank" href="https://www.washingtonpost.com/business/2023/03/14/adderall-shortage-telehealth-prescriptions/">limit access</a> for people who rely on telehealth for prescriptions if enacted.Government agencies do not manufacture medications, nor can they require that manufacturers produce or distribute more Adderall. Still, the <a target="_blank" href="https://www.fda.gov/media/170736/download?attachment">FDA and DEA said</a> they continue to work with manufacturers to resolve current supply issues and prevent shortages going forward. It's not yet clear when the shortage will be resolved.Have you been impacted by the Adderall shortage or high prescription drug costs? Are you open to sharing your story? Reach out to this reporter at <a target="_blank" href="mailto:allisonkelly@insider.com">allisonkelly@businessinsider.com</a>.

The Adderall shortage highlights a key issue for voters in 2024. Here's what the Biden Administration is doing about it.

<ul class="summary-list"><li>A new survey found that 20% of EV drivers visited a charging station without charging their car, due to issues with charging hardware.</li><li>Range anxiety and the hassle of charging pose major roadblocks to EV adoption.</li></ul>Electric cars are getting <a href="https://www.businessinsider.com/gas-prices-buy-electric-car-ev-ukraine-russia-2022-3">more popular</a>, but lackluster charging options could turn some drivers away.A new <a href="https://www.jdpower.com/business/press-releases/2022-us-electric-vehicle-experience-evx-public-charging-study">survey</a> from J. D. Power found that one in five electric car owners that visited a charging station ended up not charging their vehicle. Of the drivers that didn't charge their EVs, 72% said the station was out of service or malfunctioning.The survey included 11,554 electric and hybrid car owners who responded to the study between January and June of this year. The executive director of global automotive at J.D. Power, Brent Gruber, said that the survey showed that public charging continues to hobble the EV market."Not only is the availability of public charging still an obstacle, but EV owners continue to be faced with charging station equipment that is inoperable," Gruber said in the press release.J. D. Power's study, which was conducted with EV data firm PlugShare, lines up with recent reporting on the EV market. On Tuesday, <a href="https://www.nytimes.com/2022/08/16/business/energy-environment/electric-vehicles-broken-chargers.html?mc_cid=a3ad4338e6&amp;mc_eid=e20e13237e">The New York Times reported</a> that some EV drivers are second-guessing their decision to buy an electric car amid a slew of broken and malfunctioning charging stations. Earlier this year, a reporter from The Wall Street Journal <a href="https://www.businessinsider.com/electric-car-road-trip-highlights-issues-driving-cross-country-charging-2022-6">said</a> she took an electric car on a cross-country road trip and often ended up waiting hours on end for the car to charge due to buggy chargers.Range anxiety has been <a href="https://www.businessinsider.com/ev-experts-reveal-2-key-issues-fueling-range-anxiety-2021-5">consistently identified</a> as a key barrier to EV adoption. Last year, <a href="https://www.businessinsider.com/electric-car-owners-switching-gas-charging-a-hassle-study-2021-4">Insider's Dominick Reuter reported</a> that one in five electric car owners had switched back to gas-powered cars due to the hassle of charging.J. D. Power's Gruber says the study shows that public chargers have room for improvement, especially when it comes to competing with the ease of fueling up at a gas station."Everyone knows that the landscape of gas stations is focused on convenience — readily available, fast fueling and quick convenience items," Gruber said. "Although fast charging is seemingly getting faster by the day, to expedite the charging process vehicles will need to accommodate the newest ultra-fast chargers. Currently, only a handful of vehicles can take advantage of the fastest charging speeds. And no matter how fast their vehicle charges, EV owners still indicate they need more options for things to do during each charging session to enhance convenience and fill the down time."The survey found that satisfaction with Level 2 charging stations, which make up the majority of stations in the US, has dropped over the past year. Meanwhile, customer satisfaction levels with faster direct-connect (DC) charging stations like Tesla's Supercharger have remained stagnant.In fact, the study highlighted a key advantage Tesla has over its competitors. Survey respondents consistently ranked Tesla Level 2 and DC charging station higher than its competitors.Tesla stations are none to include more amenities — a feature that the company plans to expand. In May, it was <a href="https://www.businessinsider.com/tesla-plans-supercharger-station-restuarant-drive-in-theater-2022-5">revealed</a> that Tesla is planning to build a Supercharger station with a 24-hour diner and drive-in theater. Earlier this month, a Tesla pool <a href="https://www.businessinsider.com/tesla-pool-solar-powered-supercharger-station-germany-2022-8">opened</a> at one of the company's stations in Germany.While increasing charging infrastructure is a <a href="https://www.businessinsider.com/biden-electric-car-charging-stations-national-network-plan-tesla-2022-2">top priority</a> for the Biden administration, Gruber says the survey shows the US has a long way to go.

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