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• China Evergrande founder's fortune plunged to $979 million, from its peak of $42 billion in 2017.
• The wealth plunge follows a tumble in Evergrande's share price.
• Once China's second-largest property developer, Evergrande has been mired in a debt crisis since 2021.

Hui Ka Yan, the founder and chairman of embattled Chinese property developer

• Oregon State University issued a safety bulletin telling students to "avoid all robots" on campus. 
• The company who makes the robots told Insider that the chaos was the result of a student prank.
• The person who made the bomb threat was apprehended, an OSU spokesperson told Insider. 

Oregon State University stud

• ABC News and Bloomberg reported Mark Meadows was granted immunity in Jack Smith's election-interference probe.
• Meadows testified before a grand jury earlier this year, the reports said.
• It would make Meadows the latest Trump

• Stephen Schwarzman said remote workers "don't work as hard regardless of what they tell you."
• The founder and CEO of Blackstone was speaking at Saudi Arabia's Future Investment Initiative. 
• Schwarzman added that remote workers profit because they save on commuting and meals.

Billionaire Stephen Schwarzman said on Tuesday that people benefited from remote work because they can save on commuting and meals while not having to work as hard.

"It was actually more profitable for them to stay at home because, one, they didn't work as hard regardless of what they tell you. And the second is they don't spend money to commute," Schwarzman, the founder and CEO of global private equity firm Blackstone, said during a panel discussion at Saudi Arabia's Future Investment Initiative. 

"You know, they can make their lunch at home. They don't have to buy expensive clothes. And so their incomes are higher," Schwarzman added.

Blackstone confirmed to Insider that the company's investment team staff work in the office five days a week.

Insider previously reported in May 2021 that Blackstone spent $20 million on COVID-19 safety precautions, including covering employee cab fares for commuting, to ease the initial return to the office.  

During Tuesday's panel discussion, Schwarzman said the prevalence of remote working could result in more vacant office buildings. 

"So you're looking at office buildings that basically are 40% unused. So I expect when those leases roll-off, the companies will cut back the amount of space," Schwarzman said. 

This, he said, would mean that "those office buildings are not survivable, you know, as economic entities."

Schwarzman, whose remarks were first reported by Bloomberg on Tuesday, isn't the only business executive who's criticized remote work.

In July, JPMorgan CEO Jamie Dimon told The Economist in an interview that while he could understand why employees might not want to commute for hours daily, it "doesn't mean they have to have a job" at JPMorgan either. 

Last week, Tesla CEO Elon Musk said the remote working crowd was "detached from reality" during Tesla's third-quarter financial results call.   

"How detached from reality does the work-from-home crowd have to be? While they take advantage of those who cannot work from home," Musk said then.

Nearly two-thirds of bosses expect a total return to office by 2026, according to last month's KPMG CEO Outlook survey. In addition, 87% of respondents told KPMG that they are more likely to dole out promotions and increments to staff who opt to return to the office.

• Pichai was asked about Search Generative Experience and Google Bard during the Q3 earnings call. 
• The CEO said subscription business models are "a possible path" for Google's AI products.
• Revenue from YouTube's subscription offerings is growing strongly.

Google CEO Sundar Pichai suggested the company could embrace subscription business models for some of its new AI

Millions of Americans and their doctors are in the dark when it comes to early cognitive decline, according to new research from the University of Southern California. A study out this week suggests that most general physicians vastly under-diagnose mild cognitive impairment among their patients, following another…

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• Elon Musk's current custody battle with Grimes hinges on where his children with the musician live.
• At a Formula 1 event in Texas, Musk was pictured waving to the crowd with his son X on