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<keyword id="76451" type="COMPANY" weightage="100" keywordseo="Adani">Adani</keyword>'s $21.7 billion coal mine project in <keyword id="6355478" type="COUNTRY" weightage="100" keywordseo="Australia">Australia</keyword> was being targeted by a "foreign funded, highly orchestrated" group which influenced the traditional land owners and legal environmental challenges' to stop it, a new set of emails released by <keyword id="6409883" type="PERSON" weightage="20" keywordseo="wikileaks">WikiLeaks</keyword> has said. 
 According to news agency, in a series of emails, it has been disclosed that the <keyword id="3774525" type="UNKNOWN" weightage="20" keywordseo="us-based-sandler-foundation">US-based Sandler Foundation</keyword> funded Australia-based environmentalist group, the Sunrise Project, which offered "Wangan and Jagalingou people" financial support and scholarships if they opposed Adani's mine project and also boasted of its attempts to hide its funding sources from Australian parliament, according to 'The Australian' newspaper today. 
 According to report, the previously secret briefings as part of <keyword id="3043" type="PERSON" weightage="20" keywordseo="Hillary-Clinton">Hillary Clinton</keyword>'s campaign chairman <keyword id="1246082" type="PERSON" weightage="20" keywordseo="John-Podesta">John Podesta</keyword>'s emails, said Sunrise tailored its advice to indigenous communities in northern <keyword id="88075" type="COMPANY" weightage="20" keywordseo="Queensland">Queensland</keyword>, and that the "whole <keyword id="948066" type="UNKNOWN" weightage="20" keywordseo="Galilee-Basin">Galilee Basin</keyword> fossil fuel industrial complex is in its death throes". 
 It was also disclosed that an associated group, <keyword id="59430" type="ORGANIZATION" weightage="20" keywordseo="Human-Rights-Watch">Human Rights Watch</keyword>, offered to help Sunrise Project by keep its tax-exempt charity status because "the mining companies seem to own the Liberals (in Australia) and they play very dirty". 
 Human Rights Watch chief executive <keyword id="3774533" type="UNKNOWN" weightage="20" keywordseo="ken-roth">Ken Roth</keyword> further disclosed that his group received "charitable status by special parliamentary bill" in the "waning days of the <keyword id="6451308" type="ORGANIZATION" weightage="20" keywordseo="Labor">Labor</keyword> government". 
 In an email to <keyword id="3774528" type="ORGANIZATION" weightage="20" keywordseo="sandler-foundation">Sandler Foundation</keyword> last August after a decision against the Adani mine, Sunrise Project director <keyword id="3774534" type="UNKNOWN" weightage="20" keywordseo="john-hepburn">John Hepburn</keyword>, who is said to be the author of the strategy to block the mine, thanked the <keyword id="142144" type="CITY" weightage="20" keywordseo="Foundation">Foundation</keyword> for its support and wrote 'without your support none of this would have happened". 
 He wrote that he was going to buy a "few bottles of bubbly" for a celebration with "our colleagues at GetUp!!!!, <keyword id="69355" type="ORGANIZATION" weightage="20" keywordseo="Greenpeace">Greenpeace</keyword>, 350.org, Australian Youth Climate Coalition, Mackay Conservation Group, Market Forces and the brilliant and tireless Sunrise team". 
 <keyword id="657018" type="PERSON" weightage="20" keywordseo="Hepburn">Hepburn</keyword>'s email to the Foundation also mocked the coal industry for the claim "there is some kind of foreign-funded and tightly orchestrated conspiracy to systemically destroy the Australian coal industry". 
 Reacting to the latest disclosure, <keyword id="1057128" type="UNKNOWN" weightage="20" keywordseo="Adani-Australia">Adani Australia</keyword> chief executive <keyword id="2241514" type="UNKNOWN" weightage="20" keywordseo="Jeyakumar-Janakaraj">Jeyakumar Janakaraj</keyword> said the leaked emails were "evidence that these are broader well-funded activist campaigns as part of a wider anti-coal campaign that is being financially backed and influenced a long way from workers in Australia and those suffering energy poverty in India". 
 
"The leaks show, however, that the anti-coal campaign is not about the merits of the approval process at all; it's about activists motivated to stop jobs and investment,"he said. 
 The latest disclosure came days after the Queensland development minister <keyword id="2782550" type="UNKNOWN" weightage="20" keywordseo="Anthony-Lynham">Anthony Lynham</keyword> announced that the state government had invoked special powers to ensure the controversial <keyword id="110855" type="PERSON" weightage="20" keywordseo="Carmichael">Carmichael</keyword> coal and rail project starts next year. 
 
The project is now in its seventh year of the environmental approval process.

Adani's $21.7 billion coal mine
project in Australia is targeted by a "foreign funded” groups

<ul class="summary-list"><li><keyword id="12249829" type="UNKNOWN" weightage="60" keywordseo="shaquille-oneal" source="Orion">Shaquille O'Neal</keyword> jumped on stage to rap with <keyword id="12248438" type="UNKNOWN" weightage="60" keywordseo="snoop-dogg" source="Orion">Snoop Dogg</keyword> at his first ever charity gala. </li><li>The pair performed a special rendition of "Nuthin' But A G Thang."</li><li>"Never before, never seen, Snoop Dogg and Shaq," said the rapper when bringing the <keyword id="11910343" type="UNKNOWN" weightage="60" keywordseo="nba" source="Orion">NBA</keyword> icon on stage. </li></ul>Shaquille O'Neal gave the audience at his inaugural charity event a moment to remember when he jumped on stage to perform with rapper Snoop Dogg.The Shaquille O'Neal Foundation - a charity that aims to help disadvantaged youths - held its first gala at the MGM Grand Garden Arena in Las Vegas on Saturday. Hosted by Jimmy Kimmel, a number of musicians performed on the night, including Justin Bieber, Kelly Clarkson, and Snoop Dogg.The West Coast rapper was the final performer on the night and closed the show by inviting O'Neal to perform a rendition of his classic hit with Dr. Dre, "Nuthin' But A G Thang.""I wanna do something real special right now," Snoop Dogg said. "I wanna bring out somebody that means a lot to me. One of my dear friends who I feel like we got in at the same time."We been doing the same things lately and he's the man of the night. So if you don't mind, we gon' do something special for y'all. Never before, never seen, Snoop Dogg and Shaq. Let's go."The <a href="https://www.insider.com/category/nba">NBA</a> legend filled in Dre's verses on the song, while Snoop added some special Shaq references to his own."One, two, three, and to the four, Snoop Doggy Dogg and Shaq-dog is at your door," he rapped. The usual lyric is "Snoop Doggy Dogg and Dr. Dre is at your door."The event, which also featured an auction, raised $2.7 million for the Boys &amp; Girls Club and Communities in Schools.O'Neal himself contributed to the auction, bidding $90,000 for and winning a walk-on role in an upcoming Adam Sandler movie.Prior to the gala, <a href="https://www.shaqfoundation.org/a-letter-from-shaq">O'Neal released a statement on his foundation's website saying</a>: "Together we will raise funds for a great cause, but we will also have a great time doing it."Looks like he delivered on both fronts.

Shaquille O'Neal jumped on stage to rap with Snoop Dogg, and raised $2.7 million in the process

<ul class="summary-list"><li>US stocks flirted with record highs Wednesday as investors awaited key inflation data out tomorrow. </li><li>Some investors worry that overheating inflation may nudge the Federal Reserve into rolling back its ultra-easy monetary policy.</li><li>Bitcoin recovered from its previous day's 10% slump by climbing back above $35,000.</li></ul>US stocks flirted with record highs Wednesday as investors awaited key inflation data out tomorrow. The broader market seems to be in a "holding pattern" as investors wait for Thursday's inflation report, said Craig Johnson, Piper Sandler chief market technician. Economists expect the US consumer price index to rise 4.7% year-on-year. Some investors worry that overheating inflation may nudge the Federal Reserve into rolling back its ultra-easy monetary policy.Here's where US indexes stood at the 9:30 a.m. ET open on Wednesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingestm=ingest">S&amp;P 500</a>: 4,235.36, up 0.19%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingestgest">Dow Jones industrial average</a>: 34,597.56, down 0.01% (2.26 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingestgest">Nasdaq composite</a>: 13,988.78, up 0.46%</li></ul>Reddit traders are driving rallies in a <a href="https://markets.businessinsider.com/news/stocks/wendys-clean-energy-fuels-contextlogic-new-reddit-meme-stocks-rising-2021-6-1030507701">string of new meme stocks</a> this week, including Wendy's, Clean Energy Fuels, and ContextLogic, among others.<a href="https://markets.businessinsider.com/currencies/btc-usd?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Bitcoin</a> recovered from its previous day's 10% slump by climbing 6.7% to $35,046. The digital asset was trading around $31,036 on Tuesday, partly prompted by news of US authorities' ability to use a private key to <a href="https://www.businessinsider.com/colonial-pipeline-attack-hack-ransom-recovery-us-doj-2021-6?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">retrieve some of the Colonial Pipeline ransom</a>."This current market pause is not unexpected," said Paolo Ardoino, CTO of crypto exchange Bitfinex. "Everyone needs time to assess and digest what the community has built. We're waiting for a new momentum to gather as we continue to build upon the foundations created by some of the greatest minds in fintech. I'm still extremely bullish in the long term about bitcoin and the long-term fundamentals and use cases of the technology." Meanwhile, El Salvador's congress approved a law making bitcoin legal tender. This <a href="https://newsletter.businessinsider.com/click/24095002.73364/aHR0cHM6Ly9tYXJrZXRzLmJ1c2luZXNzaW5zaWRlci5jb20vY3VycmVuY2llcy9uZXdzL2VsLXNhbHZhZG9yLWJpdGNvaW4tbGVnYWwtdGVuZGVyLWN1cnJlbmN5LWNyeXB0b2N1cnJlbmN5LTIwMjEtNi0xMDMwNTA2NTY5P25yX2VtYWlsX3JlZmVyZXI9MSZ1dG1fc291cmNlPVNhaWx0aHJ1JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NvbnRlbnQ9T3BlbmluZ19iZWxs/5d0cd4a524c17c4d6716770bBd893c1bb" target="_blank" rel="noopener">gives the cryptocurrency the same status as the US dollar</a> in the country. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingestgest">West Texas Intermediate crude</a> rose as much as 0.5%, to $70.40 per barrel.<a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestarkets&amp;utm_medium=ingest"> Brent crude</a>, oil's international benchmark, gained 0.55%, to $72.62 per barrel.<a href="https://markets.businessinsider.com/commodities/gold-price?utm_source=markets&amp;utm_medium=ingestgest">Gold</a> fell 0.1% to $1,892 per ounce.

US stocks hover near record highs as investors brace for inflation data

Hello, and welcome to Power Line, a weekly clean-energy newsletter from Business Insider. What you need to know: <ul><li><a href="http://newsletter.businessinsider.com/join/4np/power-line">Sign up here</a> to get Power Line in your inbox every Friday.</li><li>Most of our coverage is available exclusively to BI Prime subscribers. If you're looking for a discount on a subscription to BI Prime, <a href="https://www.businessinsider.com/subscription/prime-discount?r=birefer-bjoneshttps://www.businessinsider.com/subscription/prime-discount?r=birefer-bjones">click here</a>. </li><li>Have a tip or feedback to share? Reach out to <a href="mailto:energy@businessinsider.com">energy@businessinsider.com</a>. </li></ul><h2>We're looking for the rising stars of clean energy</h2>Think: Lynn Jurich, <a href="https://www.businessinsider.com/sunrun-strategy-rooftop-solar-batteries-to-aid-grid-avoid-blackouts-2020-2">before Sunrun was dominating residential solar</a>. Or Lizzo five years ago - but, you know, in the very-different business of energy. The details: Business Insider is looking for up-and-comers who are set to transform the clean-energy industry.<ul><li>Maybe they founded a startup or are rising fast within a big renewable power company. Or maybe they're doing groundbreaking research in an academic lab.</li><li>These are the people who everyone in the business will be talking about in the next few years.</li><li>Do you know someone who fits that description? If so, <a href="https://forms.gle/Uv2XCbsXiHB1yXk96">please fill out our nomination form</a>. (It's very short.) </li></ul>Now, let's get to it. <h2><a href="https://www.businessinsider.com/sense-raises-50-million-to-track-energy-use-from-appliances-2020-2">This hot piece of tech that has investors buzzing listens to the hum of your home appliances</a></h2>There's a constant chatter among your toaster and oven and fridge. But you can't hear it because it's in the language of … electricity.Each appliance in your home <a href="https://www.businessinsider.com/sense-raises-50-million-to-track-energy-use-from-appliances-2020-2">emits a unique signal</a> as it sucks down energy. The startup Sense has a <a href="https://www.businessinsider.com/sense-raises-50-million-to-track-energy-use-from-appliances-2020-2">$299 device that can listen in</a> - and it says it can save you money when it does. Here's how it works:<ul><li>The device sits inside your electrical panel and analyzes the energy your home is using in real time.</li><li>It applies a machine-learning algorithm to identify subtle differences in current and voltage, which it then tries to match with the signal of appliances in a growing reference database.</li><li>The sensor feeds that data to the homeowner through an app. It shows them how much electricity different devices are using, and when.</li></ul>This comes with a lot of potential benefits - especially for those who fear they may accidentally burn down their homes. <a href="https://www.businessinsider.com/sense-raises-50-million-to-track-energy-use-from-appliances-2020-2">You can read about those here.</a> Investors are piling inSense has raised $50 million from big backers including Shell and Schneider Electric, and here's why:<ul><li>Sense is among a rare group of startups that give customers more control over their energy.</li><li>Arcadia, which <a href="https://www.businessinsider.com/arcadia-helps-you-buy-renewable-energy-save-money-utility-bill-2020-2">I wrote about last week</a>, is another example.</li><li><a href="https://www.businessinsider.com/why-energy-impact-partners-fund-is-investing-in-consumer-tech-2020-1">Some investors think these startups are ushering in a paradigm shift in the way we think about energy.</a></li><li>They're also gaining valuable access to homeowners and acquiring new consumer data.</li></ul><h2>A financial analyst bought Tesla solar panels to see how well they work. Then he sent the company's share price soaring. </h2>Although Tesla acquired one of the country's leading residential solar companies back in 2016, the electric vehicle giant hasn't exactly focused on its solar business.<ul><li>Tesla's battery and solar-panel segment accounted for only <a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-new-biggest-bull-analysts-upgrade-solar-business-2020-2-1028919524">6% of sales in 2019</a>. </li><li>Tesla is being crushed by competitors - namely, Sunrun, which installed more than twice as many megawatts of residential solar in the first nine months of 2019.</li></ul>Will that change? A top financial analyst certainly thinks so. <ul><li><a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-new-biggest-bull-analysts-upgrade-solar-business-2020-2-1028919524">As Markets Insider's Ben Winck reported on Wednesday</a>, the research firm Piper Sandler boosted its Tesla price target, causing <a href="https://markets.businessinsider.com/stocks/tsla-stock" target="_blank" rel="noopener">Tesla's stock</a> to surge on Wednesday.</li><li>The firm believes that customers who buy Teslas will increasingly opt for solar panels as well. </li><li>"In the coming years we think Tesla will replicate its success in Energy Generation and Storage," the note said. </li><li>Alex Potter, an analyst at Piper Sandler, bought solar panels for his home in Minnesota to charge his Model X. "The results have been illuminating so far, and we're upping our price target accordingly," the note said.</li></ul>Do you have tips about Tesla's solar business? Please email <a href="mailto:energy@businessinsider.com">energy@businessinsider.com</a>. <h2><a href="https://www.businessinsider.com/billion-dollar-race-to-develop-a-breakthrough-lithium-ion-battery-2020-2">Venture capitalists have dumped $1 billion into a new kind of lithium-ion battery</a></h2>OK, so I'm into battery content! That's because <a href="https://www.businessinsider.com/billion-dollar-race-to-develop-a-breakthrough-lithium-ion-battery-2020-2">the science is really neat</a>, and it has MAJOR implications for all of our tech - and, increasingly, our cars. The news: <a href="https://www.businessinsider.com/billion-dollar-race-to-develop-a-breakthrough-lithium-ion-battery-2020-2">A raft of startups is working on batteries made with silicon anodes</a>, which promise 20-40% improvements in energy storage. That means longer lasting phones and more mileage for EVs. Tell me about silicon-anodes: <a href="https://www.businessinsider.com/billion-dollar-race-to-develop-a-breakthrough-lithium-ion-battery-2020-2">You can get the full rundown here.</a> But basically, anodes hold the charge inside a battery. Most lithium-ion batteries are made with graphite anodes, which does a decent job at holding charge. Silicon can do better - it can hold about 3x more energy.<ul><li>Of course, there's a catch. Silicon isn't easy to work with for a whole host of reasons, and that's where startups come in.</li><li>Companies like the billion-dollar <a href="https://www.businessinsider.com/list-top-clean-energy-startups-disrupting-energy-industry-2020-1#sila-nanotechnologies-1-billion-18">Sila Nanotechnologies</a> and Peter Thiel-backed <a href="https://www.businessinsider.com/battery-startup-advano-raises-185-million-from-fadell-thiel-2020-2">Advano</a> are developing a handful of different approaches to tame silicon, <a href="https://www.businessinsider.com/billion-dollar-race-to-develop-a-breakthrough-lithium-ion-battery-2020-2">which you can read about in the story</a>. </li></ul>Over silicon that fast? <a href="https://www.businessinsider.com/billion-dollar-race-to-develop-a-breakthrough-lithium-ion-battery-2020-2">There's another battery in the works</a> - solid-state cells made with lithium-metal. It promises even greater increases in energy storage. <h2><a href="https://www.businessinsider.com/top-wind-energy-companies-us-market-ge-vestas-2020-2">The top 5 companies dominating the US wind industry </a></h2>More like the only 5, amirite?There are nearly <a href="https://www.businessinsider.com/top-wind-energy-companies-us-market-ge-vestas-2020-2">60,000 wind turbines spinning across the US</a>, and most of them are made by just five companies. <ul><li>In 2019, the industry deployed an eye-popping 9.3 gigawatts of wind energy in the US, according to new data from BloombergNEF. </li><li><a href="https://www.businessinsider.com/top-wind-energy-companies-us-market-ge-vestas-2020-2">The data show just how consolidated the industry is</a>, with two companies controlling nearly 80% of the turbine manufacturing market.</li><li>That consolidation is one reason why<a href="https://www.businessinsider.com/hedge-fund-lansdowne-partners-is-investing-in-wind-vs-solar-2020-1"> some big-name investors are betting on wind over solar</a>. </li></ul><a href="https://www.businessinsider.com/prime">See the full list here.</a> <h2>2 big stories I didn't cover</h2><ul><li>Jeff Bezos is planning to spend $10 billion to fight climate change, or about 8% of his estimated net worth, which he announced in ... an Instagram post.</li><ul><li>This is a lot of money. The Hewlett Foundation, the largest climate funder in the US, "spends $120 million per year on climate projects," <a href="https://www.theatlantic.com/science/archive/2020/02/jeff-bezos-will-struggle-spend-10-billion-climate-change/606733/">the Atlantic's Robinson Meyer reports</a>. </li></ul><li>New study alert: <a href="https://www.nature.com/articles/s41586-020-1991-8">It's a big one</a>, revealing that the oil and gas industry may be responsible for "25-40% more of the total share of methane emissions than previously estimated," <a href="https://www.technologyreview.com/f/615263/humans-are-producing-a-far-larger-share-of-methane-emissions-than-we-thought/">per MIT Technology Review</a>. </li><li>US solar jobs have risen by 167% in the last decade, according to the <a href="https://www.thesolarfoundation.org/national/">Solar Foundation's latest census report</a>. Women make up a quarter of the workforce. </li></ul><h2>Finally, here are this week's top updates</h2><ul><li>Carbon Clean Solutions, a carbon-capture company focused on point-source emissions, <a href="https://carboncleansolutions.com/media-center/news/article/2020/02/carbon-clean-solutions-attracts-16-million-growth-capital-from-a-consortium-of-global-investors-">raised $16 million</a> from investors including Chevron.</li><li>Sustainable lithium mining startup Lilac Solutions <a href="http://www.lilacsolutions.com/news/lilac-solutions-raises-series-a">raised $20 million</a> in a round led by Breakthrough Energy Ventures, a fund spearheaded by Bill Gates.</li><li>Google's parent company Alphabet <a href="https://medium.com/makani-blog/a-long-and-windy-road-3d83b9b78328">is no longer supporting</a> the airborne wind upstart Makani. Shell still backs the company, which generates energy through small wind turbines attached to kites.</li></ul>That's it! Have a great weekend. - Benji<a href="https://www.businessinsider.com/intelligence/bi-intelligence-daily?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_subscription&amp;itm_content=tesla&amp;itm_campaign=bi-intelligence-daily"></a>

Power Line: The billion-dollar battery race, top wind companies, and seeking nominations for the rising stars of clean energy

Associated PressTravelers wear face masks as they walk outside of the Beijing Railway Station in Beijing, Monday, Jan. 20, 2020. China reported Monday a sharp rise in the number of people infected with a new coronavirus, including the first cases in the capital. The outbreak coincides with the country's busiest travel period, as millions board trains and planes for the Lunar New Year holidays. (AP Photo/Mark Schiefelbein)<ul class="summary-list"><li>The biotech Moderna said Thursday it is working with the National Institutes of Health to develop a coronavirus vaccine, as the deadly virus has spread beyond China in recent days.</li><li>The effort is funded by the <a href="https://cepi.net/news_cepi/cepi-to-fund-three-programmes-to-develop-vaccines-against-the-novel-coronavirus-ncov-2019/">Coalition for Epidemic Preparedness Innovations</a>, a group started by Norway and India, the Bill &amp; Melinda Gates Foundation, the Wellcome Trust, and the World Economic Forum. </li><li>CEPI is also supporting vaccine-development efforts from the biotech Inovio and the University of Queensland</li><li>Moderna said the NIH will soon run early studies to allow for human testing, with plans to start a clinical trial in the US. Moderna did not specify a development timeline.</li><li><a href="https://www.businessinsider.com/">Visit Business Insider's homepage for more stories.</a></li></ul>As the deadly Wuhan coronavirus has spread around the world, some biotech companies have announced early work to look for a vaccine that could prevent the disease.Moderna, a $7 billion biotech, <a href="https://www.businesswire.com/news/home/20200123005458/en/">on Thursday</a> announced a collaborative effort with the National Institutes of Health to use its genetic drug development platform to produce an experimental vaccine. The biotech Inovio is also working on a vaccine, as are researchers at the University of Queensland, <a href="https://cepi.net/news_cepi/cepi-to-fund-three-programmes-to-develop-vaccines-against-the-novel-coronavirus-ncov-2019/">according to the Coalition for Epidemic Preparedness Innovations</a>, which is funding the efforts.None of them have said how long it might take to make a vaccine.The Wuhan cornoavirus has infected about 600 people in China and killed 17. It's been spreading around the world, and a patient in the US is <a href="https://www.businessinsider.com/china-wuhan-coronavirus-washington-patient-small-room-robot-doctor-2020-1">currently being quarantined</a> in Everett, Washington.Vaccines often require difficult testing in thousands of people before being allowed on market. For instance, an Ebola vaccine developed by Merck &amp; Co., one of the largest drugmakers in the world, <a href="https://www.statnews.com/2020/01/07/inside-story-scientists-produced-world-first-ebola-vaccine/">required years of clinical testing on top of about two decades of research to gain FDA approval, accoding to Stat News.</a> The agency approved the vaccine in December 2019, more than five years after a major outbreak of the Ebola virus in Africa.<h2>Human testing of potential vaccines</h2>An NIH division focused on infectious diseases will soon begin studies that would allow for the first human testing of the vaccine, Moderna said. Moderna said it plans to eventually run an early-stage human trial in the US, which would primarily test the safety of the potential vaccine.The Food and Drug Administration reviews drugs for safety and efficacy, typically requiring companies to run multiple trials in humans that show a treatment works.Moderna's vaccine work is being funded by CEPI a public-private partnership launced in 2017 that focuses on quickly developing vaccines to halt potential epidemics.CEPI was started by Norway and India, the Bill &amp; Melinda Gates Foundation, the Wellcome Trust, and the World Economic Forum.<h2>Several biotechs are working on vaccines</h2><a href="http://ir.inovio.com/news-and-media/news/press-release-details/2020/Inovio-Selected-by-CEPI-to-Develop-Vaccine-Against-New-Coronavirus/default.aspx">CEPI committed up to $9 million</a> to fund Inovio's work on a Wuhan coronavirus vaccine, on top of the $56 million it previously gave the biotech for other vaccine work. The news helped send Inovio's stock up 6.1%.Christopher Raymond, an analyst at Piper Sandler, said investors should be cautious about betting on the vaccine work, because vaccines can take a long time to develop."An approval and stockpile order is likely years out," he wrote.Novavax, a small clinical-stage biotech in Maryland, also announced plans to develop a cornoravirus vaccine earlier this week. Shares in the company spiked more than 70%, and Novavax subsequently filed plans to raise $100 million from investors in a secondary offering.In a statement, the company said it "expects to develop a vaccine candidate from the genetic sequence of the Wuhan coronavirus."<a href="/intelligence/digital-health?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_subscription&amp;itm_content=health&amp;itm_campaign=digital-health"></a>Featured Digital Health Articles: - <a href="/telehealth-industry-explained">Telehealth Industry: Benefits, Services &amp; Examples</a> - <a href="/value-based-care-pay-for-performance-healthcare-model">Value-Based Care Model: Pay-for-Performance Healthcare</a> - <a href="/senior-care-market-trends">Senior Care &amp; Assisted Living Market Trends</a> - <a href="/wearable-technology-healthcare-medical-devices">Smart Medical Devices: Wearable Tech in Healthcare</a> - <a href="/artificial-intelligence-healthcare">AI in Healthcare</a> - <a href="/remote-patient-monitoring-industry-explained">Remote Patient Monitoring Industry: Devices &amp; Market Trends</a> <h3>NOW WATCH: <a href="https://www.businessinsider.com/health-science-myth-marathon-2019-12">Insider brought 13 experts into our studios to debunk 100 health-related myths, ranging from weight loss to pregnancy</a></h3>

A coalition backed by Bill Gates is funding biotechs that are scrambling to develop vaccines for the deadly Wuhan coronavirus

<ul class="summary-list"><li>One of <keyword id="82818" type="CITY" weightage="60" keywordseo="Montreal">Montreal</keyword>'s iconic foods is the Montreal-style <keyword id="608906" type="PERSON" weightage="60" keywordseo="BAGEL">bagel</keyword>. It's subtly sweet and baked in a wood-fire oven.</li><li><a href="https://www.stviateurbagel.com/">St Viateur</a> is considered one of the city's most iconic destinations to get one.</li><li>The store distinguishes itself from its competitors through its dedication in the craft of making the bagel.</li></ul>Below is a full transcript of the <keyword id="21654" type="COMPANY" weightage="60" keywordseo="video">video</keyword>:Herrine: One of Montreal's culinary emblems is the Montreal-style bagel. It's poached in honey, then baked in a wood-fired oven to give it its distinctively sweet taste and chewy texture.In a city spotted with numerous bagel shops, St. Viateur stands out for its masterfully crafted artisanal bagels.Customer: For me, it's not just a great bagel, but it's also the institution itself that's really fantastic. Once you have it once, you just can't stop, and I haven't stopped for 50 something years.Saul Restrepo: St. Viateur Bagel was founded in 1957 by Myer Lewkowicz. Myer was Polish, Jewish born in Poland. He came to Canada after the war and he learned the trade here in Montreal.Herrine: Lewkowicz's bagels continue to be popular for a variety of reasons. For starters, the authentic recipe has remained unchanged for over 60 years. The bagels are also made 24/seven, ensuring customers get a fresh bagel day and night.Saul Restrepo: We produce a thousand dozen a day.Customer: St. Viateur Bagel is very famous. I think personally what makes it so great is no matter when I come here, whether it's alone or with friends, there's always just this atmosphere and you're always getting a great product, and it's just kind of amazing.Herrine: And perhaps one of the biggest reasons why St. Viateur has upheld its iconic reputation is because the team's dedication to the bagel's foundation, the art of hand rolling. Many employees have been perfecting the craft for over 25 years.Saul Restrepo: Let's say a guy comes in and he wants to do our job. So usually it takes about six months to practice to be good at it.Herrine: Mastering this technique takes practice because the bagels have to be consistent in size, shape, and texture.Saul Restrepo: You're going to see it's going to have that chewy taste inside, and that ma that's because of the malt flour.Herrine: Once made, it's the baker's turn to finish off the bagels. Working with the long wood panels called sheeba, It's no easy task and takes equally long to master.Saul Restrepo: They go in the hot water, in the boiling water, for five minutes, water and honey. And then they go 15 to 20 minutes in the wood oven.Herrine: What does the wood oven do to the taste or texture?Saul Restrepo: Our oven has a dome. So the smoke, if you look inside, you see the smoke in the dome. So it gives all that smokey flavor, I believe. Still, we always like came up first, best bagel than Montreal, us and Fairmount. But I think we have more times to be number one than them. I don't know if you knew, but there's always like a friendly, a friendly battle between St. Viateur And Fairmount bagel.Herrine: And while I'd be remiss not to mention the standing debate between which place has the tastier bagel, St. Viateur has technically been the longest running bagel shop in the city.Saul Restrepo: We've been making bagels for a longer time because they closed for so many years. Anyways, I don't want to get in there.Herrine: Regardless, the bakery has been a keystone destination on the Mile End for locals and tourists. Even celebrities like Adam Sandler, Justin Trudeau, and Leonard Cohen have frequented. In fact, the flagship store has a huge hall of fame. And when it comes to which bagel flavor is the most popular, the answer is very clear.Saul Restrepo: I will recommend to have sesame and I recommend the first time, just eat it as is.Herrine: Oh wow. This tastes great on its own. I saw other people dipping this in a tub of cream cheese, so I'm going to try that.Saul Restrepo: Usually a family comes in, so they buy six bagels. They can have a cream cheese tub, Liberte, not Philadelphia. Liberte, from here.Herrine: So this is Canadian cream cheese and a Montreal style bagel. Let's see if Canada does it better. Oh yeah, the cream cheese wins by far.Saul Restrepo: And then I will try the poppy and the all dress. The all dress too, it's very popular. The all dress, we call it, is the sesame, poppy, onion and garlic seed on it. And then you can do it with the cream cheese, and with salmon is the classic. Yeah.Herrine: Maybe this is a very like exclusive thing to St. Viateur, but the sesame here is so toasty and nutty that even with the all dressed combination, the sesame flavor is a lot more pronounced. And because the salmon isn't like actual filet, or like cuts of salmon, this one's like creamier and silkier. They have a lot more depth in flavor and a lot more textural contrast than a New York style bagel, just because that crunchy exterior contrasts so well with that plushy inside and that sweetness from the dough and how it's not so dense. So, I'm leaving kind of sad because up until now, I thought New York style bagels would be incomparable, and this would honestly come in second place, but now I'm going to go back to New York and I'm going to miss this. I can see why this place is iconic. It's so simple, but it's so good.

The most iconic bagel in Montreal is St. Viateur

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">John Lamparski/Getty ImagesNasdaq CEO Adena Friedman.</div></div></div><a href="http://markets.businessinsider.com/stock/ndaq-quote">Nasdaq</a> has launched a new cloud-based portal for the C-Suite, and it points to a broader shake-up within the company.On Monday, Nasdaq's Corporate Solutions unit unveiled Nasdaq Boardvantage, a cloud-based platform to support broader collaboration between corporate executives and board members.Corporate Solutions, a legacy business for the exchange-operator, is Nasdaq's weakest source of profit with estimated margins of 11% to 12%, according to Richard Repetto, an analyst at Sandler O'Neill. Margins across the entire Nasdaq business were 41%, in contrast.The business falls under the umbrella of its larger Corporate Services branch, which also includes its most well-known US equities listings venue. <a href="http://business.nasdaq.com/intel/Boardvantage/index.html">Nasdaq Boardvantage</a> seeks to build on the capabilities of previous products by Nasdaq and Boardvantage, which Nasdaq acquired in 2016, by addressing the need to collaborate and share confidential information between teams via modern day platforms like iPads.Corporate Solutions covers an array of businesses for Nasdaq, ranging from newswire services to investor relations tools, but the company appears to be shifting its focus to products targeting corporate executives, such as Nasdaq Boardvantage."We intend to use our strengths in advanced marketplace technology and information analytics, coupled with our deep understanding of market dynamics, to provide actionable intelligence to corporate executives and boards, through our world-leading <span style="background-image: none; background-repeat: repeat; background-attachment: scroll; background-clip: border-box; background-origin: padding-box; background-position: 0% 0%; background-size: auto auto;">Investor Relations and Governance intelligence and collaboration tools," CEO Adena Friedman said.Here's Stacie Swanstrom, executive vice president and head of Nasdaq Corporate Solutions on the Boardvantage news:"Our board portal and team collaboration solutions are a critical foundation of the Nasdaq Corporate Solutions product offering as well as any company's governance framework."Meanwhile, the future of the unit's other businesses appears less certain. Nasdaq on Thursday said it would evaluate "<a href="http://www.nasdaq.com/press-release/nasdaq-announces-exploration-of-strategic-alternatives-for-public-relations-solutions-and-digital-20170928-00434">strategic alternatives</a>" for the public relations and media aspects of the business, for instance. "[Nasdaq] announced that it has begun to evaluate potential strategic alternatives for its Public Relations Solutions and Digital Media Services units within the Corporate Solutions business," Repetto wrote in a recent note to clients."[Nasdaq] noted that it has not set a timeline for the process but that it remains committed to all contracts and services of the businesses throughout the process."<div class="KonaFilter image-container display-table float_left"><div><div class="image on-image">NasdaqNasdaq is diversifying and increasing investment in strong growth areas.</div></div></div>Nasdaq's strategy in its Corporate Solutions unit represents a broader company-wide shift.Nasdaq is focusing its resources on those businesses that present the greatest profit opportunity for the firm. As such, it is putting more capital behind non-traditional businesses in data and analytics to drive growth, according to a <a href="http://files.shareholder.com/downloads/NDAQ/5095471038x0x955625/04F8706B-F84A-4E0E-957C-8B74C965264A/ndaqeVestment_Investor_Deck_FINAL.pdf">recently released presentation on its updated strategy</a>."Nasdaq has stated its objective to allocate more capital and human resources to faster growing, higher margin strategic businesses (Market Technology &amp; Information Services and other businesses within the remaining segments)," Repetto said of the strategy.Since Friedman took over the company at the beginning of the year, Nasdaq has pushed into a number of non-traditional markets - outside its marquee stock trading and listings businesses - through acquisitions. For instance, Nasdaq acquired <a href="http://www.nasdaq.com/press-release/nasdaq-to-acquire-evestment-20170905-00445">eVestment</a>, an analytics provider, for over $700 million, and Sybenetix, a software company, this year. Investors have responded positively to this strategy. The stock is up more than 16% since the beginning of the year. <div class="KonaFilter image-container display-table"><div><div class="image on-image">MI</div></div></div> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/the-world-according-to-a-2-trillion-dollar-investment-chief-2017-9">The world according to a $2 trillion investment chief</a></h3> <div> </div> </div>

Nasdaq is shaking up one of its legacy units

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Thomson ReutersPreet Bharara, U.S. Attorney for the Southern District of New York, speaks during a news conference in New York</div></div></div>Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.Andy Davenport, the CEO of Philidor, the <a href="http://www.businessinsider.com/leaked-valeant-documents-show-philidor-strategy-2016-11">secret pharmacy</a> whose discovery led to a crisis at Valeant Pharmaceuticals, has been arrested and charged with <a href="http://www.businessinsider.com/criminal-probe-into-valeants-philidor-could-lead-to-charges-soon-2016-11">"engaging in a multimillion-dollar fraud and kickback scheme."</a>Gary Tanner, a former Valeant executive who went on to work for Philidor, was also arrested Thursday morning. You can <a href="http://www.businessinsider.com/criminal-probe-into-valeants-philidor-could-lead-to-charges-soon-2016-11">read about the charges here</a>, and you can stay up to date with the <a href="http://www.businessinsider.com/clusterstock">latest news on the case here</a>. In Wall Street news, Wells Fargo has seen a <a href="http://www.businessinsider.com/wells-fargo-new-accounts-cratered-after-accounts-scandal-2016-11">dramatic decrease in the number of new accounts opened at the bank in the aftermath of its fake-accounts scandal</a>. Goldman Sachs just <a href="http://www.businessinsider.com/goldman-sachs-marcus-ads-2016-11">ran a series of groundbreaking advertisements</a>.And here's <a href="http://www.businessinsider.com/wall-street-revenues-according-to-coalition-2016-11">a</a><a href="http://www.businessinsider.com/wall-street-revenues-according-to-coalition-2016-11"> definitive breakdown of the gloomy state of Wall Street investment banking revenues</a>.A French <a href="http://www.businessinsider.com/philippe-couvrecelles-im-square-invests-in-dolan-mceniry-2016-11">startup is betting on a $5.8 billion Chicago fund</a>. And a $19 billion <a href="http://www.businessinsider.com/quant-hedge-fund-man-ahl-launches-coding-contest-for-students-2016-11">hedge fund is trying to recruit tech talent with a coding contest</a>In central bank news, an <a href="http://www.businessinsider.com/yellen-says-interest-rate-hike-is-coming-relatively-soon-2016-11">interest rate hike is coming "relatively soon,"</a> according to Federal Reserve Chair Janet Yellen. Yellen also said she<a href="http://www.businessinsider.com/yellen-congress-joint-economic-committee-trump-election-2016-11"> isn't leaving her job before her term is up in 2018</a>. President Trump means economic policy via presidential decree, <a href="http://www.businessinsider.com/president-trumps-impact-on-the-fed-2016-11">according to Pedro Da Costa at the Peterson Institute for International Economics</a>. And the Bank of Japan <a href="http://www.businessinsider.com/bank-of-japan-announces-unlimited-bond-buying-program-2016-11">unleashed an unlimited bond-buying program</a>.In tech news, Apple has a <a href="http://www.businessinsider.com/apple-integrating-augmented-reality-iphone-camera-app-2016-11">secret team working to make the iPhone's camera a portal to augmented reality</a>. AOL <a href="http://www.businessinsider.com/aol-layoffs-2016-11">is about to lay off around 500 people</a>. And America has the technology to go cashless, <a href="http://www.businessinsider.com/america-too-paranoid-go-cashless-2016-10">but nobody trusts it enough to use it</a>.In earnings news, Best Buy knocked <a href="http://www.businessinsider.com/best-buy-q3-2016-earnings-2016-11">earnings out of the park and the stock is surging</a>. Walmart <a href="http://www.businessinsider.com/walmart-earnings-beat-as-ecommerce-grows-2016-11">beat on earnings, thanks to the internet</a>.Lastly, <a href="http://www.businessinsider.com/david-blaine-freaked-out-drake-dave-chappelle-frog-magic-trick-2016-11">David Blaine freaked out Drake and Dave Chappelle with an insane magic trick</a>.Here are the top Wall Street headlines at midday<a href="http://www.businessinsider.com/slow-ventures-closes-third-fund-2016-11">A VC firm made up of early Facebook employees just closed a $145 million fund - and added another Facebooker to the team</a> - When Kevin Colleran, Dave Morin, and Sam Lessin decided to form Slow Ventures, they had one mission: to give the founders in their portfolio time to build sound companies with a strong foundation.<a href="http://www.businessinsider.com/initial-jobless-claims-november-17-2016-2016-11">Initial jobless claims plunge to their lowest level since 1973</a> - Initial claims, which count people applying for unemployment insurance for the first time, fell to 235,000.<a href="http://www.businessinsider.com/us-protectionist-anti-globalization-similar-to-great-depression-2016-11">The US has revived a disturbing economic ideology that helped cause the Great Depression</a> - Globalization has been one of the dominant economic trends for over 100 years.<a href="http://www.businessinsider.com/inequality-in-new-york-photo-2016-11">Here's a perfect picture of inequality in New York</a> - Richard Sandler's new <a href="https://www.amazon.com/Eyes-City-Richard-Sandler/dp/1576877876?tag=bisafetynet-20">book</a> of <a href="http://www.businessinsider.com/new-york-70s-80s-richard-sandler-2016-10">New York photography from the 1970's to 2001</a> is full of striking juxtapositions. One, taken in the East Village in 2001, is pretty unforgettable.<a href="http://www.businessinsider.com/goldman-sachs-research-on-post-brexit-economic-scenarios-2016-11">Goldman Sachs just presented its doomsday Brexit scenario</a> - Since Britain voted to leave the European Union, the economy has held up far better than almost every single economist and forecaster predicted. <a href="http://www.businessinsider.com/trumps-policies-cant-stop-emerging-markets-from-growing-2016-11">Trump's policies can't stop the fastest growing economies in the world</a> - Emerging economies, among the biggest beneficiaries of globalization, are watching with trepidation as the self-styled architect of 'Brexit-plus-plus-plus' threatens to undermine a rules-based international system of trade and investment that took decades to build. <a href="http://www.businessinsider.com/all-nippon-airways-ana-experience-class-steve-aoki-2016-11">Japan's largest airline wants America to know why it's awesome</a> - All Nippon Airways or ANA is Japan's largest airline with a fleet of more than 250 aircraft flying more than 50 million passengers a year.

What you need to know on Wall Street right now

<div class="KonaFilter image-container display-table"><div><div class="image on-image">STX Entertainment"Bad Moms."</div></div></div>To be successful in the movie studio system, the conventional wisdom is that you have to own incredible intellectual properties that have the potential of raking in billions of dollars over multiple platforms.But there's a studio that has been holding its own for the last two years, without the help of superhero movies and franchises. Now they're looking to branch into other mediums with the hopes of becoming the one-stop-shop for stars when they want to develop a project.STX Entertainment laid its foundation through its movie studio, which has released a remarkable six titles since its start in 2014 (it will be ten by the time 2016 ends), but with the recent news that the company has received significant strategic investments from two major players in Hong Hong, it has suddenly become a powerful mini-major that plans to spend as much yearly in the making and marketing of its content as the big conglomerates like Disney, Sony, and Warner Bros.If you're not familiar with the company name, you've likely come across the titles it's released. First out of the gate was the thriller "The Gift" in August of 2015, which took in <a href="http://www.boxofficemojo.com/movies/?id=blumhousejuly2015.htm" target="_blank">over $58 million worldwide</a> at the box office (its budget was $5 million). What's followed has been continued success in the genre realm with "The Boy" (over <a href="http://www.boxofficemojo.com/movies/?id=boy2016.htm" target="_blank">$64 million worldwide</a>) but there's also been disappointments like "Hardcore Henry" (<a href="http://www.boxofficemojo.com/movies/?id=hardcorehenry.htm" target="_blank">$14.3 million worldwide</a>) and "Free State of Jones" (<a href="http://www.boxofficemojo.com/movies/?id=freestateofjones.htm" target="_blank">$20.8 million</a>).However, the company believes it has hit its groove with its summer release "Bad Moms," which has become its most successful release thus far with over <a href="http://www.boxofficemojo.com/movies/?id=untitledlucasmoore.htm" target="_blank">$85 million worldwide</a> to date and only an 18% drop in domestic box office in its third weekend.The decision-maker on the studio side is former head of Universal Adam Fogelson, who, before <a href="http://www.hollywoodreporter.com/news/source-universal-execs-blindsided-by-624710" target="_blank">being let go in 2013</a>, green lit the projects that would go on to give the studio its <a href="http://www.businessinsider.com/universal-record-breaking-box-office-2015-8">record-breaking box office in 2015</a> (including over $1 billion worldwide grosses from "Furious 7," "Jurassic World," and "Minions").<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Alberto E. Rodroguez/GettyAdam Fogelson, chairman of STX movie picture group division.</div></div></div>The way Fogelson sees it, the STX model was tailor-made for what catches his eye."I was roughly at Universal for 15 years, and it's pretty much the only studio in town that could not rely on franchises and existing IP to drive its own slate," Fogelson told Business Insider. "So the very types of films STX was in the business to make, I knew from experience could be incredibly profitable."STX founder Robert Simonds launched the company after a career producing memorable comedies that included the Adam Sandler classics, "The Waterboy," "The Wedding Singer," and "Happy Gilmore." Knowing that Fogelson had spent over a decade molding the releases of such unlikely hits for Universal like "American Pie," "Bring It On," "The Bourne Identity," and "The Fast and the Furious," he quickly snatched up Fogelson to run his movie studio in hopes of bringing those types of titles to STX.In other words, the titles that big studios no longer want to make."The reality is in the franchise game there are only two options, meet the incredibly high bar of expectations and financial rewards or get killed," said Fogelson.All but extinct are the star-driven movies, where a name alone can carry a title to box office glory. Taking their place are comic book characters and superheroes, however, STX hopes to fill that void in not just the feature film space, but on TV, the internet, and virtual reality."I hadn't anticipated the sheer demand for these mid-range movies with major stars," STX president Sophie Watts told Business Insider.Fogelson agrees."The level of interest is even greater than I anticipated," he said, referring to the marquee actors and directors who want to develop projects through STX.<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">STX Entertainment/YouTube"Hardcore Henry."</div></div></div>But not all the projects have been home runs.Their first major TV series, "State of Affairs," was canceled by NBC after just one season. It was a project Watts said they rushed into. Then there's the release of the first-person action movie "Hardcore Henry," which the studio released on an eye-popping 3,015 screens its opening weekend only to earn $5.1 million. Fogelson said not to expect any more big gambles like that on the feature film side anymore."['Hardcore Henry'] did not work at all the way we thought it might, and the fact that the type of storytelling was so experimental, I certainly think we are going to be very careful going forward to make sure that we are spending our time and energy on more down-the-middle propositions."The company is using these growing pains to refine what makes the most sense to back.Learning from their lackluster return on adult-themed "Free State of Jones," STX recently <a href="http://deadline.com/2016/08/barbra-streisand-gypsy-movie-loses-distributor-stx-1201798250/" target="_blank">parted ways</a> with the musical "Gypsy," which had Barbra Streisand attached, after a financier who was in for a third of the budget dropped out. Looking to be left with a bigger stake in a long gestated project with a budget north of $50 million, the company cut ties.On the TV side, they have 22 non-scripted shows already secured at numerous networks.<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Frazer Harrison/GettySophie Watts, STX president.</div></div></div>And with her background working with the likes of Paul McCartney, Elton John, and U2, Watts said a music division at the company is "inevitable."STX's initial backing came from Chinese private equity firm Hony Capital, a good partner to have as the Chinese entertainment market is skyrocketing. Now they have doubled-down on their relationship in the region with the news late last week that STX has received significant strategic investments from Hong Kong's largest pay-TV service, PCCW, and China's leading provider of online services, Tencent Holdings.Though no figures were disclosed, a source close to the deal told Business Insider that this gives STX a valuation of $1.5 billion."The deal with Tencent and PCCW should give STX the financial backing to move into these other media in a significant way," Lindsay Conner, entertainment industry lawyer and partner in the firm Manatt, Phelps &amp; Phillips, told Business Insider. "The deal makes a lot of sense on both sides of the Pacific - STX gets the funding it needs for a strategic expansion, and two valuable distribution partners in China; Tencent and PCCW get an investment in a top-notch Hollywood content production team, which should soon have the capacity to distribute television and digital content in the US and elsewhere."Going forward, STX will continue to be aggressive. Fogelson plans to release between 12-15 movies in 2017, all ranging in budgets between $20 million and $80 million.Anticipated titles include this year's Toronto International Film Festival closing night film, "The Edge of Seventeen" (opening November 18); their first Chinese co-production, the Jackie Chan movie "The Foreigner" (along to open in November), an Adam Sandler animated movie that's in the works, and the titles they purchased at Cannes: the Aaron Sorkin-directed "Molly's Game" (which starts production soon) and the highly anticipated Martin Scorsese movie "The Irishman," which is to star Robert D Niro, Al Pacino, and Joe Pesci.This continues Watts' mission of being a home for the biggest stars."I think that we live in a very changed landscape and my belief is that the world's best storytellers, the world's biggest stars, spend too much time trying to move their ideas forward in what is typically a very frustrating and inefficient system," she said. "So what keeps my up at night is building a system where in a 21st century world you can access your stars in ways that practically are very very difficult to what a traditional studio can embrace.""If you get it right it's something that will go down in the history of the business as a major achievement," adds Fogelson. "That's pretty rare to make that kind of impact." <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/star-wars-rogue-one-trailer-breakdown-2016-8">7 things you missed in the new Star Wars Rogue One trailer</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="13OGJhNTE68Cc5L60LaA3y_6wCo2nCYF" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

How the star-powered movie studio behind the summer hit 'Bad Moms' is competing with the Hollywood establishment

<div class="KonaFilter image-container display-table"><div><div class="image">Courtesy Paramount Pictures</div></div></div>"Transformers: Age of Extinction" is currently dominating at theaters. 
The Michael Bay-directed sequel is now the <a href="http://www.businessinsider.com/transformers-age-of-extinction-highest-grossing-movie-2014-2014-7">top-grossing movie of the year</a> with more than $750 worldwide, and that's only after two weeks of release.
It's one of a few Hasbro brands that has been adapted to the big screen alongside G.I. Joe and Battleship. 
With several more brands set to get the movie treatment in the next few years, we spoke with Hasbro Chief Marketing Officer John Frascotti to find out exactly how the company selects which of its toy lines get adapted to the big screen and how you can possibly turn a board game into a movie.
"We look for those brands that have story and character at their foundation because inevitably for any type of storytelling format, whether it's a movie, a television show, a digital comic ... it has to have great story and great characters at it's foundation," says Frascotti.
<div class="KonaFilter image-container display-table"><div><div class="image">Hasbro/Composite: Mike Nudelman</div></div></div>That's why Hasbro has chosen brands like Transformers, G.I. Joe, and My Little Pony which have all resonated with audiences for generations. 
All together, the "Transformers" franchise has brought in more than $2.5 billion worldwide. The two <a href="http://boxofficemojo.com/franchises/chart/?id=hasbro.htm">"G.I. Joe" movies</a> combined have generated more than $600 million at the box office.
"When you look at brands like Transformers and G.I. Joe they actually have a lot of lore and storytelling behind them already. So, in the case of Transformers, it's a 30-year-old brand and it had a long history of storytelling," said Frascotti. "Very similar, G.I. Joe who was founded in the '60s. Since then there's been a lot of storytelling and development in terms of comic books and television shows and movies and all types of rich storytelling. In those cases, where there's already a lot of storytelling in place, I think the roadmap is a little more evident."
After the success of "Transformers" in 2007, Frascotti says Hasbro continued to pitch other brands while studios began approaching them as well.
<a href="http://www.huffingtonpost.com/2012/05/03/battleship_n_1475380.html">According to Reuters</a>, it's low risk strategy for Hasbro. The toy company pays around $1 million to develop script ideas and if a studio wants to go through with a film, Hasbro gets paid back the developing fee. After the film is in theaters, Hasbro reportedly receives 5% of the money a studio makes from theaters.
"We talk to our many relationships in Hollywood about ideas that we have for our brand and we also get approached by many creative stewards for ideas that they have for our brands," says Frascotti. "What's most important; however, is that we work collaboratively once that initial contact is made so the creative process is very much a collaborative process between our brand people and creatives here along with the creatives in Hollywood."
<div class="KonaFilter image-container display-table float_right click-to-enlarge"><div><div class="image"><a title_source="The Hub/YouTube" title_caption="1980s kids' series " Jem="" will="" be="" made="" into="" a="" movie="" next="" year.="" Re-runs="" of="" the="" series="" currently="" air="" on="" The="" Hub.="" class="zoomin" href="https://static-ssl.businessinsider.com/image/53c576636bb3f78c442bfcdb-960/jem-hasbro-1980s-cartoon.png"></a><a href="https://www.youtube.com/watch?v=m6G_o1MYECg">The Hub/YouTube</a>1980s kids' series "Jem" will be made into a movie next year. Re-runs of the series currently air on The Hub.</div></div></div>Since joining the company in 2008, Frascotti says he can't recall a Hasbro movie idea a studio has turned down. 
Next in line is a live-action adaptation of '80s children television series "Jem" which will be directed by Jon Chu. Hasbro is also working on bringing its popular card game <a href="http://magic.wizards.com/">Magic the Gathering</a> to the big screen.
Of course, that doesn't mean the company is just pitching whatever brands come to mind. 
"We're very selective. It's not a shotgun approach," he says. "We don't throw a bunch of things at a wall and see what sticks. We do a lot of creative development ourselves before we even have discussions with third parties." 
Not all of Hasbro's blockbuster ideas have churned out box-office gold. Just look at 2012 board game adaptation "Battleship." Despite a huge cast of characters in Liam Neeson, Alexander Skarsgard, and singer Rihanna along with a well-known game, the <a href="http://www.forbes.com/sites/johngaudiosi/2012/05/20/220-million-battleship-flop-sinks-not-only-universal-pictures-but-activision-game/">$220 million movie</a> (without ad costs) made $300 million at the box office, receiving mostly poor reviews.
While "Battleship" sunk the reality of other board game adaptations for a while, it hasn't halted them all together. Hasbro has plans to bring at least two more of its board games to life: Ouija, with Universal which has continued to get its release date pushed back, and Candy Land at Sony with Adam Sandler. <div class="KonaFilter image-container display-table"><div><div class="image"><a href="https://www.youtube.com/watch?v=gnjLVCqnm4s">Hasbro/YouTube</a></div></div></div> 
The idea of bringing a board game to life may not seem like a hit movie, but Frascotti points out how inspiration for films can come from just about anywhere. 
"In cases like Ouija for example, what's essential is that there's a brand beneath it that has a lot of potential for storytelling," says Frascotti. "So you have brands like Harry Potter that come from books. You have other brands that are founded in movies like James Bond. You have 'Pirates of the Caribbean' which started out as a theme park ride and you have other properties that come from either comics or brands. 
"It really is a wonderful opportunity to give our fans yet another opportunity to experience the brand in another format," he adds. "Today's generation of consumers expect multi-platform multi-screen opportunities to go deeper in the brands they love."

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