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Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

• Long-haul aircraft come with compartments in which bunks are available for flight attendants to rest and sleep.
• The hostel-like setup can be a second home for cabin crew on ultra-long-haul flights.
• Flight attendants will take turns servicing the cabin while the others rest.
• See more stories on Insider's business page.

Next-generation aircraft are flying further than ever before and airlines are constantly adjusting their products and offerings to ensure passengers are comfortable. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

Read More: The 10 longest routes flown by airlines in 2019

The Airbus A350 family of aircraft, for example, flew four of the 10 longest routes in the world before the pandemic. It currently flies the longest flight in the world between New York and Singapore, operated by Singapore Airlines. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

Read More: Inside the new world's longest flight: What it's like to fly on Singapore Airlines' new route between Singapore and New York

But while flyers are lounging out in plush lie-flat seats to endure the long journeys, flight attendants don't have that same luxury. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

Rather, they don't even stay in the passenger cabin for their breaks and retreat to a hidden hideaway above their passengers. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

Take a look at where flight attendants go when they need to rest onboard this SAS Scandinavian Airlines Airbus A350-900XWB. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

The extreme back of the plane is where passengers will find the rear galley. It's just one of the main workstations for a flight attendant where drinks, food, and other items are kept. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

Just opposite the galley, however, is a small set of stairs that appears to lead to nowhere. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

A door marked "crew only" with a red no entry symbol hides the compartment above. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

Open the door, and the crew rest area reveals itself. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

It's a narrow space and climbing up and down the stairs takes some getting used to. But long-haul flight attendants have plenty of opportunities to practice as they routinely spend countless hours in the air. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

The compartment is completely separate from the passenger cabin so it's not like the crew can look down on passengers from above. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

Once inside, six bunks comprise the crew rest area. There's not much headspace and some crouching is required to navigate the compartment. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

Each bunk has the essentials including a pillow, blanket, and mattress pad so flight attendants can get a good sleep. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

But beyond that, they're quite bare save for a few storage pockets. While passengers below have access to thousands of hours of in-flight entertainment, flight attendants don't. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

That's because these areas are meant solely for rest and the bare-bones setup reflects that. Flight attendants can choose to do other things like read books or go on their phones but that's not the intended purpose. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

A personal reading lamp provides the only light in the bunks as otherwise, it gets quite dark in the space. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

Flight attendants can close the curtains for privacy and block any ambient light coming from the galley and main entryway. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

Seatbelts are installed so resting flight attendants can sleep while safely strapped in during turbulence or any other time the seatbelt sign is on. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

Smaller storage areas line the aisle and an emergency exit is available that will see flight attendants pop out from overhead bins in case of trouble. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

Hangars are also available for the crew to hang up their uniforms. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

The narrow passageways are reminiscent more of a spaceship than an airplane. That said, it would've been easier to maneuver had there been no gravity. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

Crew rest is mandatory on longer journeys and flight attendants will take turns servicing their cabins while others rest. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

Pilots have a separate rest area that's closer to the cockpit, with this rest area solely for cabin crew. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

The crew rest area is connected to the cabin below via an intercom, allowing flight attendants to keep in communication. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

On some of the longer flights of which aircraft like the Airbus A350 are capable, this can become a second home for hours on end. The flight from New York to Singapore is scheduled at 18 hours and 50 minutes in duration, for example. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

Read More: Singapore Airlines says 6 unique seats always sell out on the world's longest flight — here's why

All the while, the average passenger will likely never realize that flight attendants are resting just feet above their heads. It's one of the closely kept secrets of an airplane. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

But if a flight attendant disappears for a few hours, that's likely where they're going. Touring SAS Scandinavian Airlines' Airbus A350-900 XWB.

Thomas Pallini/Insider

Not all crew rest areas are as secluded, however. On smaller aircraft, a crew rest area can be a single-row in economy, often the very last row. Retreating to the last row.

Thomas Pallini/Business Insider

JetBlue, for example, is flying to London in August and blocking one of the last rows in economy for its flight attendants to rest on the journeys. Inside JetBlue Airways' new Airbus A321neoLR.

Thomas Pallini/Insider

A Mint business class seat is also reserved for flight attendants to use transatlantic flights. Inside JetBlue Airways' new Airbus A321neoLR.

Thomas Pallini/Insider

So while the average traveler may never know if flight attendants dream of flying sheep, they'll now have a better idea of where they sleep. Flying Delta Air Lines in first class from Phoenix to Minneapolis.

Thomas Pallini/Insider

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Landslide victory tightens leader’s hold on power as conflict continues in Tigray region

Used car and truck dealers have bought models for more than their original sticker price.

Jim Watson / AFP via Getty Images

• Used-car prices have skyrocketed over the last year.
• A supply crunch in new cars is spurring demand for used models.
• Prices may not return to normal for at least a year, one expert told Insider.
• See more stories on Insider's business page.

If you're looking to get a sweet deal on a used car to take advantage of the warm summer weather, it's not going to happen.

The market for secondhand cars is absurdly and unprecedentedly hot right now. Used vehicles went for a whopping 40% more in June than they did before the pandemic in February of 2020, according to data from JPMorgan.

The average nine-year-old car changed hands for $13,250 in June, according to automotive research site Edmunds. That's a 30% hike over the same month in 2020, while a five-year-old vehicle will run you a staggering $24,000 - up more than $6,000 from a year ago.

The insanity all comes down to simple economics: demand for used cars far outweighs their supply, pushing prices higher and higher. But the reasons for scant inventories and such high interest in used cars get a bit more complicated.

Why are used cars so expensive right now?

The market for used cars is deeply intertwined with the market for new ones, says Kayla Reynolds, an analyst at Cox Automotive. The latter is going through a rough patch, and those troubles are trickling down into the used market.

A devastating shortage of microchips - which are necessary for all manner of critical electrical components - is slowing car production worldwide, choking the supply of new models and driving their prices skyward. High dealer markups and a lack of options are forcing more buyers to shop secondhand, chipping away at used-car inventories, Reynolds said.

To put the magnitude of this shortage into perspective, new-car inventory in the US was down 54% in June as compared to the same month in 2019, according to Cox. Dealer incentives have plummeted and transaction prices for new cars have hit all-time highs as a result.

That's bringing a whole new set of customers to the used market, people who were prepared to spend serious money on a brand-new set of wheels and are, in turn, driving up used-car prices, says Ivan Drury, senior manager of insights at Edmunds.

Read more: Meet 9 former Tesla execs who left Elon Musk to become power players at rivals like Apple and Rivian

A drop in new cars rolling off assembly lines has upended the flow of vehicles to and from rental agencies, which are typically a major source of used inventory. Rental companies, which sold off cars en masse during the pandemic, usually buy some 2 million new cars every year and turn them over every 1-2 years, Drury said.

With travel surging back, they've resorted to snatching up used cars - and they're not giving them up.

Moreover, with new-car prices through the roof, people are holding onto their aging vehicles longer instead of trading them in, cutting off the flow of cars onto the used market. For the same reason, they're opting to buy their leased vehicles at the end of the term, rather than swap them in for a new lease.

When will the madness end?

There is good news. Prices seem to have peaked in May and are heading back to Earth.

Between May and June, wholesale car prices declined for the first time since December, suggesting that demand and supply are on a path toward some kind of equilibrium, Cox's Reynolds said.

She expects that retail prices will soon follow, and that shoppers will start to notice prices on car lots gradually dropping by the fall. The pandemic-induced car-buying frenzy tapering off partially explains the shift, she said.

But the supply crunch brought on by the chip shortage isn't going away anytime soon, meaning it could be quite a while before shoppers see used-car prices they're accustomed to. Even once new models are back in stock, the secondhand market won't snap back to normal overnight, Drury said.

His advice to car buyers: "I'd say give it at least six months. And in all honesty, if you can hold off for an entire year, you're better off with that."

Are you a car dealer, buyer, or private seller with a story to share about what it's like to buy and sell cars in this red-hot market? Contact this reporter at tlevin@insider.com

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Amazon cofounder and former CEO Jeff Bezos.

Alex Wong/Getty Images

• It turns out that Amazon Prime isn't necessary, even if you're ordering from Amazon frequently.
• I canceled my subscription in May 2020, and it has had zero impact on order speed or pricing.
• On the plus side, I'm saving at least $120 annually on the expensive membership fee.
• Visit the Business section of Insider for more stories.

In April 2020, just as the pandemic lockdowns were taking effect in New York City, I canceled the Amazon Prime subscription my wife and I shared.

In the year-plus since that subscription ended, I've not missed it a single time - and we're saving $130 annually, plus tax, by not paying for the service.

We aren't anti-Amazon crusaders by any means: This year so far, I've placed 15 separate orders for products delivered through Amazon. Last year, the total was 20 orders.

How much were my shipping costs for all of those orders? A grand total of $17.57 for 2020, and a whopping $12.26 in 2021 so far.

That includes two air conditioners (with free shipping), two large Tommy Bahama beach chairs (again, free shipping), and a variety of gifts sent to a relatively remote town in Pennsylvania.

In the email confirming my Amazon Prime cancelation there is a massive button to re-join Amazon Prime, naturally.

Ben Gilbert/Insider

While it's true that some of those items we purchased would've come with a slight discount through Prime, or that some would've been delivered the very next day (rather than two or three days later), it's extremely unlikely that those discounts would add up to the over $100 difference between what we're paying in shipping now versus what we were paying for a Prime membership.

Moreover, even without a Prime membership, most items we buy through Amazon are delivered shockingly fast.

Living in Brooklyn, not too far from a major Amazon distribution center on Staten Island, assuredly doesn't hurt! But I've had similarly positive experiences sending gifts through Amazon to family in Pennsylvania and Ohio, where packages arrived days ahead of projected arrival times.

But what about Prime Video? Frankly, we weren't using it, and we're already paying for Netflix, Hulu, and HBO Max. I can name specific reasons for those subscriptions - shows, movies, or entire libraries that justify the ongoing subscription fee. With rare exception, that didn't happen with Prime Video for us.

More often than not, the video we did want to watch on Prime Video still required a rental fee. That happened enough times that we stopped turning on the service altogether.

My context isn't everyone else's context, of course. My wife and I don't have kids, we live in a major city, and we own a car. Frankly, there weren't a lot of good reasons for us specifically to pay for Amazon Prime.

Do we really need the Frankie's Spuntino cookbook delivered the next day, or is it okay if we wait a few days? I kinda think we'll survive.

But maybe you're a new parent and you need diapers tomorrow, no matter what? Or you've got a job that keeps you from getting errands done during normal business hours? Or any other number of perfectly reasonable situations? I get it!

There is more to the calculation here than strictly financials, and the decision depends on a lot. For $120 annually, though? It's a decision worth considering.

Got a tip? Contact Insider senior correspondent Ben Gilbert via email (bgilbert@insider.com), or Twitter DM (@realbengilbert). We can keep sources anonymous. Use a non-work device to reach out. PR pitches by email only, please.

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Set Jet.

Set Jet

• Set Jet is a private airline offering private jet flights for similar prices as domestic first class.
• A monthly membership costs $99.95 and flights on wide-cabin Bombardier jets start at $449.95 one-way.
• A total of 11 year-round routes are offered with a New York-Los Angeles route coming in the next year.
• See more stories on Insider's business page.

One company is bridging the price gap between flying first class and flying private and opening up the glitzy side of aviation to those that were traditionally priced out of it.

Set Jet is a membership-based private airline offering seats on a true private jet for as low as $449.95 one-way. Members pay a monthly fee of $99.95 and are given access to flights on 11 year-round routes throughout the American West.

The Scottsdale, Arizona-based company isn't the first to sell seats on shared private aircraft but its founders say they've found a way to make the business model sustainable, and open up private flying to a larger audience. Having the monthly fee also discourages those that truly aren't able to fly private from signing up, for which companies like JetSmarter were infamous.

How it works

Only Set Jet members can fly on Set Jet aircraft and a limited number of memberships are available in each market so flyers can get a seat when they want. Anyone can sign up for a membership and the only initiation fee is a one-time "security fee" of $99.95.

Members can then initiate or buy seats on flights throughout Set Jet's network, which covers four states and Mexico. Flyers can book a seat up to 30 minutes before a flight's scheduled departure time.

Not all routes are operated daily, though, and some are offered as little as twice-weekly. Once a flight is initiated, Set Jet will perform it even if there's just one person onboard paying that's paying $449.95.

Set Jet's flagship jet is the Bombardier Challenger 850 that rivals in size to wide-cabin Gulfstream or Dassault aircraft. The cabin is tall enough for most to stand up in and as many as 19 people can be seated comfortably.

Set Jet.

Set Jet

It's open seating onboard the plane but there are no bad seats, as Insider found on a demonstration flight from Scottsdale to San Diego, California. A cabin attendant welcomes passengers onboard the aircraft and offers complimentary snacks and drinks, with in-flight WiFi also available.

Private terminals are used at all destinations to complete the private jet experience. Security checkpoints are non-existent and flyers can arrive just minutes before the flight's scheduled departure.

How Set Jet makes money

Set Jet has the heart of a low-cost airline that's offering an incredibly luxurious product, and its choice of aircraft is the perfect example. Buying parts for Challenger 850s is cheaper because of the aircraft's second life as an airliner known as the CRJ200.

"If you go to buy a set of brakes for a Challenger 604 and you tell them you're buying them for a Challenger 604, it's going to be a $55,000 set of brakes," Trey Smith, Set Jet's chief operating officer, told Insider. "You go to buy a set of brakes for a CRJ200 - same brakes, same part, different part number - it's $5,000."

Flying on private jet firm Set Jet.

Thomas Pallini/Insider

Thousands of memberships offset the cost per passenger and memberships have skyrocketed during the pandemic. "We did see a lot of new memberships that were from people who normally would never have flown with us but they were looking for alternatives to commercial travel because of COVID," Smith said.

Read More: Private jet industry CEOs say business will boom as the wealthy abandon airlines and reveal what they're doing now to take advantage

Smith says that it's easy for wealthier clients to purchase one and forget about it, attributing to a low attrition rate during the pandemic.

Set Jet is eyeing new markets like the Texas triangle and the Northeast. One route launching in the next year will be between New York and Los Angeles.

A higher membership tier will be required, costing $1,000 per month, and the price of a one-way fare will be $3,500. The Embraer Lineage 1000, the private jet version of the Embraer E190, will fly that route.

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Co-founder of &pizza Steve Salis (left) and CEO Michael Lastoria (right).

Katherine Frey/The Washington Post via Getty Images

• The CEO of restaurant chain &pizza says there's no labor shortage, only a wage shortage.
• He's been paying employees $16/hr since before the pandemic and says he's fully staffed.
• He said he'd received more than 100 applications for each job this year.
• See more stories on Insider's business page.

Business owners say they're struggling to find staff. Not so the CEO of &pizza, a restaurant chain in Washington, DC, who claims that he's been bombarded with job applications.

Michael Lastoria told Insider that business was booming at the pizza chain's 51 locations and all were fully staffed. He said that the secret was paying staff a proper wage.

The crippling US labor shortage has been felt in all corners of the economy, including hospitality and ride-hailing. It's caused some businesses to slash opening hours, cut production, and raise prices. Nearly half of US restaurant owners said they struggled to pay their rent in May because staffing shortages hurt their revenues.

But it hasn't knocked &pizza, Lastoria said.

While opening 12 new locations this year, Lastoria said he'd received well over 100 applications for each job. "Our new locations are fully staffed and we plan to open another 15 by the end of the year," he said.

Lastoria said he'd been able to dodge the labor shortage by leveraging an employee-centric business model that involves paying staff $16 an hour on average, among other benefits.

"We are living proof that the claims that business owners are making about the impossibility of paying people enough money to live on are false," Lastoria said. Those claims were designed to protect the old corporate mindset that permits shockingly high executive pay and staff exploitation, he said.

Employees working at &pizza are entitled to benefits such as paid leave for activism and healthcare, Lastoria said. "We built this company around taking care of workers because without them we wouldn't exist," he said.

The fact that the average minimum wage worker has to work 79 hours a week to afford rent for a one-bedroom apartment is the real crisis, Lastoria said. "There isn't a labor shortage, there is a shortage of business owners willing to pay a living wage.

"The idea that wages couldn't possibly rise even once over the past 12 years while prices went up, while inflation went up and while the cost of living went up, has resulted in the 'shortage' [business owners] are experiencing today.

"Higher wages lead to greater consumer spending and greater workforce productivity, things every company benefits from."

A competitive labor market has led to workers "rage-quitting" their jobs to protest poor pay and working conditions. A former employee at Dollar General recently told Insider how she rage-quit her job in the spring of 2021 because of the fraught work environment. Similar incidents have occurred at McDonald's, Chipotle, Hardee's, and Wendy's locations around the US.

Lastoria said: "If you aren't paying your employees enough to cover basic survival costs, what possible incentive could a person have to take that job?"

Read the original article on Business Insider

Their massive long-term outperformance occurred despite world wars, the Depression and the global financial crisis

An aerial view shows former docks on the beach at Salton Sea in California.

Aude Guerrucci/Reuters

• An extreme drought in California is drying up lakes and reservoirs and straining electrical grids.
• Agriculture and tourism could be severely impacted, and wildfires are likely to rage this summer.
• Aerial photographs show how much the drought has already devastated California's landscape.
• See more stories on Insider's business page.

Boats sit on dry land. Once-lush palm trees are now brown and shriveled. And waterways that were formerly deep and flowing have been reduced to puddles of toxic residue.

This is the landscape in parts of California, which is experiencing a historic mega-drought that is expected to strain the state's electrical grid and dry up water supplies - water levels are 50% lower than normal at more than 1,500 reservoirs statewide, Jay Lund, codirector of the Center for Watershed Sciences at University of California, Davis, told Morning Brew. Given that 25% of the nation's food is grown in California, extreme droughts could decimate crops like avocados and almonds.

The drought has also made is harder for ranchers to supply water to their livestock, the state's boating industry is taking a hit, and tourism, which supports roughly 2 million jobs in California, could be severely impacted by the dangerous heat waves.

As of Friday, more than 85% of the state was classified as being in "extreme drought," according to the National Integrated Drought Information System, and experts say this is only the beginning: The dry conditions make California even more susceptible to deadly wildfires, which burned more than 4 million acres last year.

Read more: Meet the West Coast entrepreneurs founding startups to fight wildfires, combat the effects of climate change, and tap into a market potentially worth billions

"This current drought is potentially on track to become the worst that we've seen in at least 1,200 years. And the reason is linked directly to human-caused climate change," Kathleen Johnson, a paleoclimatologist at the University of California, Irvine, told The Guardian.

On Thursday, California Gov. Gavin Newsom asked residents to cut back on their water usage by 15% by taking shorter showers and running dishwashers and washing machines more sparingly.

Amid the devastating conditions, Reuters photographer Aude Guerrucci captured aerial photos of the impacts of the drought on California's landscape. Take a look:

Inside Shadow Lake Estates in Indio, California, an artificial lake glistens despite the scorched landscape surrounding it. Reservoirs and lakes are drying up statewide, with some turning completely to dust with no rain expected until later this year.

Aude Guerrucci/Reuters

Source: Insider, Insider

Elsewhere, dropping water levels have forced houseboat owners to remove their vessels from the water. These boats are anchored in Laka Oroville, the second-largest reservoir in the state, which is at less than 40% of its normal capacity.

Aude Guerrucci/Reuters

Source: The Weather Channel

This canal in Salton City, California, is almost completely evaporated, leaving being only toxic residue. Salmon that typically swim in rivers and canals like this one between California's Central Valley and the Pacific Ocean have had to be transported to the ocean via truck as those waterways become shallower and shallower.

Aude Guerrucci/Reuters

Source: The Guardian

The dried up bodies of water are visible from space. Here, boat pillars that used to be submerged in the Salton Sea in Southern California are exposed by the receding water levels.

Aude Guerrucci/Reuters

Source: Insider

Heat waves are sending temperatures into the triple digits. As another heat wave arrives, the Central Valley could see temperatures as high as 113 degrees Fahrenheit, while Southern California, where this boat became beached, could reach 117 degrees.

Aude Guerrucci/Reuters

Source: The New York Times

These heat waves are occurring more often, starting earlier, and continuing later into the year now than they did in the 1960s, according to Environmental Protection Agency records. At the Salton Sea, docks sit on dry land, hundreds of feet from the water.

Aude Guerrucci/Reuters

Source: Insider

The extra-dry, extra-hot conditions are obliterating vegetation like these palm trees, and taxing power grids. As temperatures rise, people tend to turn up air conditioning units, increasing the potential for rolling blackouts.

Aude Guerrucci/Reuters

Source: Insider

In Mecca, California, in the Coachella Valley, agricultural fields reside amid a parched landscape. Agriculture is a roughly $50 billion business in California, and the severe drought could hamper the industry for years to come.

Aude Guerrucci/Reuters

Source: Insider

The conditions mean this year's wildfire season could surpass the record-breaking devastation of 2020. "Much of the western United States will continue the trend of hot and dry weather, much like the summer of 2020," Brandon Buckingham, a meteorologist at AccuWeather, recently told Insider. "Each and every western heat wave throughout the summer will only heighten wildfire risks."

Aude Guerrucci/Reuters

Source: Insider

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Bill and Melinda Gates head up the Gates Foundation.

LUDOVIC MARIN/AFP via Getty Images

• Gates Foundation staff are "freaking out" about its future, a former exec told the Financial Times.
• Staff worry that "the credibility and standing of the foundation is in jeopardy," they said.
• Bill Gates and Melinda French Gates will continue as co-chairs for at least two years.
• See more stories on Insider's business page.

A former top executive at the Bill & Melinda Gates Foundation has said that staff are "freaking out" about the nonprofit's future, according to a report in the Financial Times.

"I think people are freaking out a little bit," the unnamed former insider told the newspaper. "People are really worried that the credibility and standing of the foundation is in jeopardy now, especially in areas like gender empowerment."

Bill Gates and Melinda French Gates, who co-chair the foundation, announced their divorce in May after 27 years of marriage. An investigation by Insider later found that Bill Gates, the Microsoft co-founder, was an office bully who pursued sexual affairs.

The Financial Times on Sunday reported hearing "murmurs of dissent and doubts" about the organization's future.

Insider has reached out to the foundation for comment.

On Wednesday, the foundation announced that it would add trustees, saying those new voices would help drive its "strategic direction." Bill Gates and Melinda French Gates also committed another $15 billion to the foundation.

"These new resources and the evolution of the foundation's governance will sustain this ambitious mission and vital work for years to come," Gates said Wednesday.

French Gates said: "I believe deeply in the foundation's mission and remain fully committed as co-chair to its work."

However, the release also signaled a shaky bond at the foundation's highest level, with Gates and French Gates agreeing to only a two-year committement as co-chairs.

The press statement said the decision for both to remain was to "ensure the continuity of the foundation's work."

But, it said that "if after two years either decides they cannot continue to work together as co-chairs, French Gates will resign her position as co-chair and trustee."

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Vaccines minister cites ‘expectation’ for people to wear face coverings indoors and on public transport

Vaccines minister cites ‘expectation’ for people to wear face coverings indoors and on public transport

The world’s largest crypto exchange has no headquarters, making it difficult for disgruntled traders to complain about the May crash.

Plaintiffs allege that the billionaire entrepreneur led Tesla to overpay for SolarCity in 2016. Mr. Musk has defended the deal.

Authorities wary as stricken travel industry welcomes crowds fleeing summer heat to mountain retreats

Consumer class action alleges that online retailer used fake promotions to mislead shoppers

Some executives argue bank must reward performance while others fear losing staff to rivals

Some executives argue bank must reward performance while others fear losing staff to rivals

Observers will be watching to see whether companies trounce Wall Street’s expectations and, with stock valuations sitting above long-term norms, seeking clues on what the future holds for company profits.