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Pedestrians cross a street past traffic in the Midtown neighborhood of New York, US, on Saturday, June 17, 2023. New York City’s congestion pricing plan for the central business district is expected to get final approval this month.

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After New York City was cleared late last week to move forward with a congestion pricing plan, Governor Kathy Hochul on Tuesday said the largest U.S. city is leading the way to “achieve cleaner air, safer streets and better transit.”

The Federal Highway Administration, a division of the U.S. Department of Transportation, on Friday gave the green light for New York to go ahead with a plan to manage congestion, primarily through tolls in parts of Manhattan.

The measure could go into effect as soon as the spring of 2024, and would be the first of its kind in the U.S., according to New York’s Metropolitan Transportation Authority. State agencies have 310 days to stand up the tolling program and associated infrastructure.

“We are going to be the very first state in the nation, the very first city in America, to have a congestion pricing plan,” Hochul said in a press conference on Tuesday. “Others will look at us. Other cities are paying attention. How is it going to work here? Well, we’re going to show them. We’re going to show them how you do this.”

While it’s a new model for the U.S., congestion pricing plans have previously been implemented in London, Stockholm, and Singapore.

The cost of the toll is still being decided. A six-member Traffic Mobility Review Board is tasked with determining the specific pricing structure.

A report last August on the environmental impact of the plan included toll rates that ranged from $9 to $23 at peak times, $7 to $17 at off-peak times, and $5 to $12 during overnight hours.

Pedestrians cross a street past traffic in the Midtown neighborhood of New York, US, on Saturday, June 17, 2023. New York City’s congestion pricing plan for the central business district is expected to get final approval this month.

Bloomberg | Bloomberg | Getty Images

The toll area covers much of central Manhattan’s surface roads. Cars will be tolled at 60th Street and south, but not on FDR Drive along the East Side or the West Side Highway. There also won’t be tolls in the Battery Park Underpass or on any surface roadway portions of the Hugh L. Carey Tunnel connecting to West Street, according to the MTA.

Tolls will be collected via E-ZPass. For cars that don’t have E-ZPass, a bill will be mailed to the address of the registered vehicle, MTA says.

The congestion pricing plan, formally called the Central Business District Tolling Program, was put together by MTA, the New York State Department of Transportation, and the New York City Department of Transportation. It aims to reduce congestion in Manhattan, improve air quality and raise money to invest in the city’s public transportation system.

Before the Covid pandemic, approximately 700,000 vehicles entered the central business district per day, according to data from the New York Metropolitan Transportation Council shared by the MTA. In 2020, traffic dropped to just 10% of normal volume, but has since rebounded to more than 90% of pre-pandemic levels, a more robust recovery than mass transit ridership, the MTA says.

The MTA Reform and Traffic Mobility Act passed in April 2019 called for the traffic congestion plan, and included certain limits, including making sure passenger vehicles can only be charged once per day for entering the area. Residents of those neighborhoods who make less than $60,000 will be eligible for a state tax credit. The act also requires that overnight toll rates be lower than peak costs and that a discount be available to low-income drivers.

Janno Lieber, the CEO of the MTA, said at Tuesday’s press conference that the plan required a 4,000-page environmental assessment to get federal government to sign off.

“They studied it to death,” Lieber said. “And we studied every intersection almost all the way to Philadelphia. And they studied the air quality, and they studied all it means, and they said that this initiative — this dramatic historic initiative — will not have a significant impact on the 28 million people in the region under federal environmental law. That’s what this means.”

Some New Jersey Democratic lawmakers, however, are upset by the move and the associated costs.

“This is nothing more than a cash grab to fund the MTA,” Representatives Josh Gottheimer and Bill Pascrell and Senator Bob Menendez said in joint written statement published Tuesday.

They wrote that the plan represents an attempt by New York “to balance its budget on the backs of hard-working New Jersey families.”

WATCH: The $52.6 billion plan to save the NYC region from climate change

The $52.6 billion plan to save the NYC region from climate change

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Week in review: The Nasdaq’s worst week since April, three trades, and earnings

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Week in review: The Nasdaq's worst week since April, three trades, and earnings

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Too early to bet against AI trade, State Street suggests 

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Too early to bet against AI trade, State Street suggests 

Momentum and private assets: The trends driving ETFs to record inflows

State Street is reiterating its bullish stance on the artificial intelligence trade despite the Nasdaq’s worst week since April.

Chief Business Officer Anna Paglia said momentum stocks still have legs because investors are reluctant to step away from the growth story that’s driven gains all year.

“How would you not want to participate in the growth of AI technology? Everybody has been waiting for the cycle to change from growth to value. I don’t think it’s happening just yet because of the momentum,” Paglia told CNBC’s “ETF Edge” earlier this week. “I don’t think the rebalancing trade is going to happen until we see a signal from the market indicating a slowdown in these big trends.”

Paglia, who has spent 25 years in the exchange-traded funds industry, sees a higher likelihood that the space will cool off early next year.

“There will be much more focus about the diversification,” she said.

Her firm manages several ETFs with exposure to the technology sector, including the SPDR NYSE Technology ETF, which has gained 38% so far this year as of Friday’s close.

The fund, however, pulled back more than 4% over the past week as investors took profits in AI-linked names. The fund’s second top holding as of Friday’s close is Palantir Technologies, according to State Street’s website. Its stock tumbled more than 11% this week after the company’s earnings report on Monday.

Despite the decline, Paglia reaffirmed her bullish tech view in a statement to CNBC later in the week.

Meanwhile, Todd Rosenbluth suggests a rotation is already starting to grip the market. He points to a renewed appetite for health-care stocks.

“The Health Care Select Sector SPDR Fund… which has been out of favor for much of the year, started a return to favor in October,” the firm’s head of research said in the same interview. “Health care tends to be a more defensive sector, so we’re watching to see if people continue to gravitate towards that as a way of diversifying away from some of those sectors like technology.”

The Health Care Select Sector SPDR Fund, which has been underperforming technology sector this year, is up 5% since Oct. 1. It was also the second-best performing S&P 500 group this week.

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People with ADHD, autism, dyslexia say AI agents are helping them succeed at work

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People with ADHD, autism, dyslexia say AI agents are helping them succeed at work

Neurodiverse professionals may see unique benefits from artificial intelligence tools and agents, research suggests. With AI agent creation booming in 2025, people with conditions like ADHD, autism, dyslexia and more report a more level playing field in the workplace thanks to generative AI.

A recent study from the UK’s Department for Business and Trade found that neurodiverse workers were 25% more satisfied with AI assistants and were more likely to recommend the tool than neurotypical respondents.

“Standing up and walking around during a meeting means that I’m not taking notes, but now AI can come in and synthesize the entire meeting into a transcript and pick out the top-level themes,” said Tara DeZao, senior director of product marketing at enterprise low-code platform provider Pega. DeZao, who was diagnosed with ADHD as an adult, has combination-type ADHD, which includes both inattentive symptoms (time management and executive function issues) and hyperactive symptoms (increased movement).

“I’ve white-knuckled my way through the business world,” DeZao said. “But these tools help so much.”

AI tools in the workplace run the gamut and can have hyper-specific use cases, but solutions like note takers, schedule assistants and in-house communication support are common. Generative AI happens to be particularly adept at skills like communication, time management and executive functioning, creating a built-in benefit for neurodiverse workers who’ve previously had to find ways to fit in among a work culture not built with them in mind.

Because of the skills that neurodiverse individuals can bring to the workplace — hyperfocus, creativity, empathy and niche expertise, just to name a few — some research suggests that organizations prioritizing inclusivity in this space generate nearly one-fifth higher revenue.

AI ethics and neurodiverse workers

“Investing in ethical guardrails, like those that protect and aid neurodivergent workers, is not just the right thing to do,” said Kristi Boyd, an AI specialist with the SAS data ethics practice. “It’s a smart way to make good on your organization’s AI investments.”

Boyd referred to an SAS study which found that companies investing the most in AI governance and guardrails were 1.6 times more likely to see at least double ROI on their AI investments. But Boyd highlighted three risks that companies should be aware of when implementing AI tools with neurodiverse and other individuals in mind: competing needs, unconscious bias and inappropriate disclosure.

“Different neurodiverse conditions may have conflicting needs,” Boyd said. For example, while people with dyslexia may benefit from document readers, people with bipolar disorder or other mental health neurodivergences may benefit from AI-supported scheduling to make the most of productive periods. “By acknowledging these tensions upfront, organizations can create layered accommodations or offer choice-based frameworks that balance competing needs while promoting equity and inclusion,” she explained.

Regarding AI’s unconscious biases, algorithms can (and have been) unintentionally taught to associate neurodivergence with danger, disease or negativity, as outlined in Duke University research. And even today, neurodiversity can still be met with workplace discrimination, making it important for companies to provide safe ways to use these tools without having to unwillingly publicize any individual worker diagnosis.

‘Like somebody turned on the light’

As businesses take accountability for the impact of AI tools in the workplace, Boyd says it’s important to remember to include diverse voices at all stages, implement regular audits and establish safe ways for employees to anonymously report issues.

The work to make AI deployment more equitable, including for neurodivergent people, is just getting started. The nonprofit Humane Intelligence, which focuses on deploying AI for social good, released in early October its Bias Bounty Challenge, where participants can identify biases with the goal of building “more inclusive communication platforms — especially for users with cognitive differences, sensory sensitivities or alternative communication styles.”

For example, emotion AI (when AI identifies human emotions) can help people with difficulty identifying emotions make sense of their meeting partners on video conferencing platforms like Zoom. Still, this technology requires careful attention to bias by ensuring AI agents recognize diverse communication patterns fairly and accurately, rather than embedding harmful assumptions.

DeZao said her ADHD diagnosis felt like “somebody turned on the light in a very, very dark room.”

“One of the most difficult pieces of our hyper-connected, fast world is that we’re all expected to multitask. With my form of ADHD, it’s almost impossible to multitask,” she said.

DeZao says one of AI’s most helpful features is its ability to receive instructions and do its work while the human employee can remain focused on the task at hand. “If I’m working on something and then a new request comes in over Slack or Teams, it just completely knocks me off my thought process,” she said. “Being able to take that request and then outsource it real quick and have it worked on while I continue to work [on my original task] has been a godsend.”

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