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Boris Johnson pulls out of race to become Britain’s next PM

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Former United Kingdom Prime Minister Boris Johnson will not take part in the contest to replace outgoing leader Liz Truss

This is despite reports that some Conservative MPs had backedJohnson for the top job and that he had told allies over the last couple of days that he would formally join the contest. With this news, the Conservative field for leadership appears to be wide open.

It is unclear what exactly changed for Johnson in the span of a few days. The U.K.’s Telegraph newspaper reported on Tuesday that he was “on the brink” of confirming his candidacy and had already started to line up support from potential donors.

But in a statement late Sunday, Johnson said it was “simply not the right time.” He added he had “cleared the very high hurdle of 102 nominations” to take part in the latter stages of the contest.

Around 60 lawmakers had publicly backed the ex-PM but there had been question marks over exactly how many nominations he had received.

Johnson mentioned his two rivals in his statement, Rishi Sunak and Penny Mordaunt, who have both officially entered the contest.

“And though I have reached out to both Rishi and Penny — because I hoped that we could come together in the national interest — we have sadly not been able to work out a way of doing this,” Johnson said.

Johnson’s office did not immediately respond to CNBC’s request for comment outside of regular office hours in London.
Truss announced her decision to step down as leader of the U.K.’s governing Conservative Party on Monday, saying she wanted to focus on her young family. An election to replace her will take place over the summer.

All eyes on Rishi Sunak

RISHI Sunak ditched his usual slick branding and snazzy campaign videos.

The runaway favourite to replace Liz Truss hoovered up almost half of Tory MPs and won over some big-name backers from the Brexit wing of the party.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Prayer app Hallow takes #1 spot on Apple App Store

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A new Catholic prayer app recently beat out major social media apps in global downloads.

The company says, Hallow passed 10-million downloads and 225-million prayers prayed around the globe, becoming the largest prayer app in the world.

Hallow has also become the first faith-based app to ever crack the top 10 apps in the App Store coming in at #3 overall–and beating Netflix, Spotify, Instagram, Amazon, Tiktok, and YouTube.

The Cofounder and CTO of Hallow Erich Kerekes joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #apps #prayerapp #socialmedia #Applestore #business

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Google’s take on AI search to shake market direction

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Search Generative Experience (SGE), is the latest innovation from Google Labs

This cutting-edge feature, recently announced by Google, is set to transform search results for a select subset of queries and a small portion of U.S. search traffic.

With SGE, instead of the traditional top-10 results, users may encounter AI-generated responses prominently displayed at the top of the page.

This shift has significant implications, as it pushes both ads and organic results further down the page. Stay tuned for updates on this groundbreaking development in search technology.

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The battery set to change Electric Vehicles and Tesla’s market share

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The world’s biggest battery maker announced this week they’re working with Tesla to making cheaper batteries.

Recent developments in the electric vehicle (EV) market raise essential questions about its trajectory.

Cost cuts by the world’s largest battery maker could impact EV prices, potentially boosting their competitiveness. Meanwhile, advancements in mileage, power, and charging times are driving increased adoption.

However, considerations about downsides like battery disposal and resource extraction are pertinent. Nonetheless, the broader implications for climate change efforts and the automotive industry underscore the transformative potential of EVs in creating a more sustainable future.

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