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Vance, another potential vice presidential pick, and Alabama Sen. Tommy Tuberville joined Trump in the courtroom on Monday. Both Vance and Tuberville spoke to reporters outside of the courthouse and attacked Cohen, trying to undermine his credibility during his first day of testimony. Florida Sen. Rick Scott joined Trump in court last week, and Texas Attorney General Ken Paxton made the trip the week before. In the weeks ahead, more of Trump’s allies are expected to join Trump in court, according to a Trump campaign official. Trump has pleaded not guilty to the 34 felony criminal charges of falsifying business records in the New York case.
Persons: Donald Trump’s, Mike Johnson, Trump, Michael Cohen, , Doug Burgum, Byron Donalds, Cory Mills, Vivek Ramaswamy, Ohio Sen, J.D, Vance, Alabama Sen, Tommy Tuberville, Tuberville, Cohen, ” Vance, , Nicole Malliotakis, Steve Marshall, Brenna Bird, Florida Sen, Rick Scott, Ken Paxton, Eric Trump, “ It’s, Mark Serrano, Judge Merchan, Donald Trump, ” Serrano, Stormy Daniels, CNN’s Manu Raju, Kristen Holmes Organizations: CNN, Republican, GOP, Trump, , North Dakota Gov, Florida Rep, Alabama, Tuberville , New York, Iowa, Texas Locations: Manhattan, Trump, ,, Florida, Ohio, Tuberville ,, Alabama, New York
A livestream portal installed in Dublin and New York had to temporarily close after reports of inappropriate behavior. Some enjoyed the portal: they shared videos of themselves dancing and uniting with loved ones. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA large circular video portal opened up on May 8 in Dublin and New York City. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Business Locations: Dublin, New York, New York City
Discovery said that they would bundle their streaming services, selling users a package that included Disney+, Hulu and Max. For years, the company has offered services like Netflix and Apple TV+ as add-ons to its existing television bundle, acting as a vendor for those companies. Comcast, which has millions of broadband and cable television customers across the United States, has different incentives to bundle streaming services together than many of its competitors do. Many other internet providers have sold bundles that include streaming services. When the short-lived short-form streaming service Quibi launched, T-Mobile offered to bundle its wireless offering with that service.
Persons: Quibi Organizations: Warner Bros, Discovery, Fox, Disney, National Basketball Association, National Football League, Max, Comcast, Netflix, Apple, Verizon, Mobile Locations: Xfinity, United States
Schneider told Denberg that he should have been the one to have that conversation. "I feel like that is the first time he preyed on me," Denberg told Business Insider. "Nobody thinks it is their responsibility" to protect the people working at Nickelodeon, Denberg said. According to Denberg, Schneider would refuse to write her jokes for the segment until the last minute, forcing her to perform live without rehearsing. Denberg said she cheered up Bynes, then told Schneider that he couldn't change "the little girl's lines on the spot."
Persons: Lori Beth Denberg, Dan Schneider, Nickelodeon's, Denberg, Schneider, Drake, Josh, Jenny Kilgen, Lori Beth, it's, she's, Albie Hecht, Brian Robbins, Amanda Bynes, costars, Jeff Kravitz, Farah Alvin, Denberg's, It's, Robbins, Angelique Bates, Bates, Bynes, Dan, gaunt, Alvin, Amanda, Gioncarlo Valentine, Schneider hadn't, Schneider's, Hecht, SpongeBob, Kate Taylor, Mimi Meyer Organizations: Business, Nickelodeon, Schneider, BI, Robbins Productions, Nickelodeon's, Nickelodeon Entertainment, New York Times, Paramount, Paramount Global, Maxine Productions, Sony Pictures Locations: Orlando, Los Angeles, York
Known as the "King of the B Movies," the legendary filmmaker Roger Corman died on May 9 at the age of 98. Corman specialized in making low-budget genre movies with titles like "The Wasp Woman," "Attack of the Crab Monsters," and "Teenage Caveman." Corman hired these directors in the early stages of their careers to helm low-budget features that the filmmakers have acknowledged as learning experiences they applied in their later larger-scale productions. In fact, many of these directors hired Corman in small acting roles in movies like "The Godfather Part II," (Coppola), "The Silence of the Lambs" (Demme), and "Apollo 13" (Ron Howard). In the interview, Corman shares myriad lessons learned while working in the film industry for more than 60 years.
Persons: Roger Corman, Corman, He's, Graham Flanagan, Jack Nicholson, Martin Scorsese, James Cameron, Francis Ford Coppola, Jonathan Demme, Coppola, Demme, Ron Howard Organizations: Lambs, Universal Pictures, Business Locations: Los Angeles
Senator Robert Menendez arrives at the federal courthouse in Manhattan, New York, United States on May 13, 2024. A judge on Monday admonished attorneys for playing legal games shortly after they convened for the start of the federal bribery trial of Sen. Robert Menendez, D-N.J."There's been too much gamesmanship here," Judge Sidney Stein told prosecutors and defense attorneys before jury selection began for the trial in federal court in Manhattan. His wife, Nadine Menendez, is also charged in the corruption case, but her trial was severed from her husband's due to what her lawyers said were medical issues. Prosecutors from the U.S. Attorney's Office for the Southern District of New York told Stein that they expect to lay out their case in four-and-a-half to six-and-a-half weeks. The trial itself could last around six to seven weeks, Stein told dozens of prospective jurors before giving them a rough outline the 18-count indictment against Menendez and his co-defendants.
Persons: Robert Menendez, Sen, There's, Sidney Stein, Stein, I'm, Menendez, Wael Hana, Fred Daibes, Jose Uribe, Prosecutors, Nadine Menendez, Donald Trump, Stormy Daniels Organizations: New, Senate Foreign Relations, Prosecutors, Attorney's, Southern, of, of New York, Manhattan Supreme Locations: Manhattan , New York, United States, Manhattan, New Jersey, Egypt, Qatar, of New
How Ozempic Is Changing Diabetes Treatment
  + stars: | 2024-05-13 | by ( Dani Blum | ) www.nytimes.com   time to read: +1 min
Day in and day out, she carefully calibrated the doses needed to keep her Type 2 diabetes in check. “Every meal, and every morning and every night — it controls your life,” she said. In late 2021, she started on the diabetes drug Ozempic. She still uses a continuous glucose monitor to track her blood sugar, meticulously watching for slumps and spikes — but even as she took less insulin, she said, Ozempic has helped keep her glucose levels more under control. Millions of Americans rely on some form of insulin, a lifesaving drug that has long been a mainstay of diabetes treatment.
Persons: Betsy Chadwell, , Ozempic, Chadwell, , Scott Hagan Organizations: University of Washington
Michael Cohen is on the witness stand at Donald Trump's hush-money trial in New York. Cohen, Trump's personal-attorney-turned-nemesis, told jurors that Trump gave the warning in 2015, before he announced his presidential run. AdvertisementThat's the story Cohen told jurors after taking the stand at Trump's hush-money trial on Monday. When Trump asked him to work as his attorney at the Trump Organization, "I was honored," testified Cohen, who once boasted he'd take a bullet for the GOP-frontrunner. "It was fantastic," Cohen testified Monday of his decade working for Trump, calling the Trump Organization "a big family."
Persons: Michael Cohen, Donald Trump's, Cohen, , Donald Trump, Trump, " Cohen, Trump's, Donald, Von ShitzInPants, bestie, David Pecker, Stormy Daniels, Roy Cohn, Jeff McConney, McConney, Hope Hicks, Hicks, Prosecutors Organizations: Service, Trump Organization, GOP, Trump, Prosecutors, National Enquirer, Trump Tower, Tahoe, FBI Locations: New York, Manhattan, Trump
Editor’s Note: This article was originally published by The Business of Fashion, an editorial partner of CNN Style. The design was upcycled from vintage Chanel scarves by stylist Logan Horne, whose brand, J. Logan Home, specializes in refashioning heritage luxury accessories. Fashion brands' legal claims are varied but ultimately boil down to concerns that third parties are free-riding on brands’ valuable IP in ways that could risk confusing consumers, eroding primary sales and tarnishing or diluting carefully cultivated marks. Some big brands, like Prada, Gucci and indeed Levi’s, have already dabbled with upcycling collections and programs of their own. These days, she says she’s having about a conversation a week with brands interested in exploring collaboration, but the industry moves slowly.
Persons: Travis Kelce, Logan Horne, Logan, Webster, They’ve, Chanel, Horne, , Susan Scafidi, J, Logan Home’s, Christian Vierig, Louis Vuitton, Levi’s, Jeremy Moeller, Irene Calboli, ” Chanel, des, Batsheva Hay, Monica Schipper, , Hay, upcycling, I’m, Prada, Gucci, Anna Foster, Gabriela Hearst Organizations: The, Fashion, CNN, NFL, Dua, Law, Paris Fashion, Business of, , Getty, Logan Home, Texas, M University, Fashion Trust, Business of Fashion, Industry Locations: New York, Texas, Beverly Hills , California, India, Europe
He called it the Prove Mike Wrong challenge. He entered the Prove Mike Wrong challenge with low confidence he would win the exorbitant pot, estimating he had a 0.5% chance of disproving Lindell's "evidence." He had indeed Proven Mike Wrong, and now Mike must pay. In March, during a rally in Wisconsin, Trump praised him as "the great, legendary Mike Lindell." Jared Bartman for BIUnder deposition in the arbitration proceedings over his refusal to pay Zeidman, Lindell was a tornado of evasion and contradiction.
Persons: Joe Biden's, Mike Lindell, Donald Trump, Lindell, Trump, Bob Zeidman, Zeidman chafed, Mark Zuckerberg, Zeidman, Dennis Montgomery, Montgomery, Lindell's, Mike, Carrie, I've, Jared Bartman, George W, Bush, Mitt Romney's, Barack Obama, Romney, God, Lara Trump, Trump's, MyPillow, Zeidman's, Brian Glasser, Glasser, Zeidman pities Lindell, Biden, He's, he'll Organizations: Trump, Democrats, Oracle, Google, CIA, US, Zeidman, BI, Cleveland Jewish, Republican, Democratic Party, White, Republican National Committee, Lindell, Voting Systems, eTreppid Technologies, Trump International, bewilderment, Lindell Management Locations: Sioux Falls , South Dakota, Sioux Falls, Al Jazeera, Las Vegas, Vegas, Minnesota, Sumerlin, Israel, Trump, Wisconsin, Nevada, Montgomery, Sin City, America
CNN —A mass celebrating a group of children’s first communion at a church in southern Louisiana was interrupted Saturday when a 16-year-old boy armed with a gun walked in, the church and police said. The incident happened in Abbeville at the St. Mary Magdalen Church when a “suspicious person” opened the back door of the church while mass was underway, the church said in a statement. Parishioners immediately confronted the person, took him outside and called the police, the church said in a message to its community. Some parishioners in the front pews appeared concerned and were turning around to look toward the back of the church, the video shows. CNN also reached out to St. Mary Magdalen Church for more information.
Persons: Mary Magdalen, , Father Nicholas DuPré, DuPré, Go, He’s, Mike Hardy, , “ Grant, Grant, Mary Magdalen Parish, CNN’s Rafael Romo, Yan Kaner Organizations: CNN, Mary Magdalen Church, Authorities, Abbeville Police Department, Mary Magdalen Catholic, Abbeville Police, FBI, Facebook, National Register of Historic Places Locations: Louisiana, Abbeville, St, ” St, Vermilion Parish, Lafayette
Here’s what prosecutors say the senator and his wife got:Gold barsProsecutors say Hana and Daibes gave Menendez and his wife gold bars, which were seized by the FBI from the Menendez residence. After returning from a trip to Egypt and getting a ride home from the airport from Daibes’ driver, prosecutors say Menendez searched online for the price of a gold bar. Nadine Menendez needed a new car, apparently after hitting and killing a jaywalker in Bogota, New Jersey, in December 2018. There is a long list of actions prosecutors say Menendez undertook in exchange for all of these alleged bribes. The envelopes of cash prosecutors say bore Daibes’ fingerprints may be more difficult to explain.
Persons: CNN — Democratic Sen, Bob Menendez, Mercedes, Menendez, CNN’s Manu Raju, , , Nadine, Wael Hana, Fred Daibes, Jose Uribe, Daibes, Nadine Menendez’s, Nadine Menendez, Uribe, Hana, , , Qataris, retry Menendez, Salomon Melgen, Melgen, Donald Trump Organizations: CNN — Democratic, Bob Menendez of New, Senate Foreign Relations Committee, Capitol, FBI, Court Southern District of, Prosecutors, Court Southern District of New York Prosecutors, Court Southern District of New York, Menendez, Uribe, Mercedes, Benz, Senate Foreign Relations, US Department of Agriculture, New York, of Justice Locations: Bob Menendez of, Bob Menendez of New Jersey, Egypt, Qatar, New Jersey, Daibes, Court Southern District of New York, Bogota , New Jersey, New
If Donald Trump wins a second term in the White House in November, NATO may fall apart, a recent wargame found. "What Donald Trump can do is just really hollow out what NATO does," Grimble told Business Insider. The UK has traditionally backed a transatlantic, America-Europe alliance rather than a purely European defense bloc. Yet in the game, it could neither persuade Trump to ease his demands, nor the European NATO members to spend more on defense. "Many NATO members — except for France mainly — thought post-Trump it could be salvageable," Grimble said.
Persons: Donald Trump, Trump, Finley Grimble, Grimble, John Bolton, , SACEUR, Jens Stoltenberg, NICHOLAS KAMM, hadn't, I'm, Florian Gaertner, Russia doesn't, God's, Michael Peck Organizations: Service, House, NATO, EU, US, Business, US National Security, Allied, Europe, Washington, Nato, Getty, European Union, Joint Expeditionary Force, Northern, , European NATO, Trump, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Europe, Russia, NATO, Ukraine, China, American, United States, Finland, Romania, Poland, Baltic, France, Germany, French, America, Italy, Estonia, British, Turkey, Baltic States, Ukraine stalemated, Moscow, Russian, Kyiv . Europe, Beijing, Taiwan, Japan, Australia, South Korea, Iran, Saudi Arabia, European, Forbes
The virtual meeting was attended by several hundred members of the Senate, which includes all faculty members who meet certain criteria. A vote of no confidence in Mr. Block would have been the harsher of the two measures. Mr. Block, 75, did not comment on the resolutions on Friday. Medical school faculty members described hearing from medical students and residents who had been attacked as they tried to treat injured protesters. will join a list of universities whose faculty and staff have united with protesters to rebuke their administrators’ handling of pro-Palestinian demonstrations.
Persons: Counterprotesters, Gene Block, , Carlos Santos, U.C.L.A, Block, Tom Jackson Jr, counterprotesters, Mark Abramson, , Matt Barreto, Mr, Barreto Organizations: Senate, University of California, Legislative Assembly, Luskin School of Public Affairs, Medical, University of Southern, The University Senate, California State Polytechnic University, Humboldt, Police, California, Patrol, The New York Times, Jewish Federation Los Angeles Locations: U.C.L.A, Los Angeles, University of Southern California
CNN —About 50,000 opponents of a “foreign agents” bill marched peacefully in heavy rain through the Georgian capital on Saturday, after the United States said the country had to choose between the “Kremlin-style” law and the people’s Euro-Atlantic aspirations. “Georgian parliamentarians face a critical choice – whether to support the Georgian people’s Euro-Atlantic aspirations or pass a Kremlin-style foreign agents’ law that runs counter to democratic values,” he said. Demonstrators protest against the foreign agents bill in Tbilisi, Georgia, on May 11, 2024. Georgian Dream says the bill will promote transparency and Georgian national sovereignty. Demonstrators protest against the foreign agents bill in Tbilisi, Georgia, on May 11, 2024.
Persons: , , Jake Sullivan, Irakli Gedenidze, Nino, Vladimir Putin’s, Reuters Bidzina, Sullivan Organizations: CNN, House, Georgian, European, Reuters, Union, Vladimir Putin’s Kremlin, European Union, EU, NATO Locations: States, backsliding, Georgia, European Union, Tbilisi , Georgia, , Russia, Europe, , Georgian, Tbilisi, United States
Read previewSome Instacart shoppers are the targets of a scam centered on gift cards. "Within 30 seconds, I got a message about buying the Vanilla Visa gift card," she said. Instacart forbids shoppers from adding gift cards to orders, a screenshot of the company policy seen by BI indicates. "Customers are not able to order gift cards through the Instacart platform or place a special request for a gift card via chat," an Instacart spokesperson told BI. AdvertisementInstacart also tells shoppers not to purchase gift cards for customers, the spokesperson added.
Persons: , they've, Instacart, Jim, itsjwest, Heidi Bleau, Bleau Organizations: Service, Business, Walgreens, BI Locations: Massachusetts, cologne
London CNN —Two supporters of the climate activism group Just Stop Oil have smashed the glass protecting the Magna Carta, an iconic British manuscript from the 13th century, on Friday. The protesters targeted the protective enclosure around the historic Magna Carta document with a hammer and chisel. Just Stop OilThe British Library announced on X that its Treasures Gallery, where the Magna Carta is displayed, was temporarily closed on Friday morning. “Instead of acting, our dysfunctional government is like the three monkeys: ‘see nothing, hear nothing, say nothing,’” protester Judy Bruce said. “We must get off our addiction to oil and gas by 2030 – starting now.”
Persons: Dr, Sue Parfitt, Judy Bruce, , , ” Parfitt, , Organizations: London CNN —, Magna Carta, British Library, British, Library’s Security, London’s Metropolitan Police, CNN, United Kingdom’s Locations: London, London’s
Dollar nurses losses after another set of soft jobs data
  + stars: | 2024-05-10 | by ( ) www.cnbc.com   time to read: +4 min
Against the Japanese yen, the dollar was trading at 155.39 yen , down from highs of 155.95 hit in the previous session. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, was flat at 105.25. "We note jobless claims are weekly data that can be very volatile from week to week," Commonwealth Bank of Australia's Joseph Capurso, said in a note. "The BoE's urgency and willingness to cut ahead of the Fed will continue to weigh on the currency," Goh said. Being added to the list makes it harder for U.S. suppliers to ship to the targeted entities.
Persons: Commonwealth Bank of Australia's Joseph Capurso, Shunichi Suzuki, Rong Ren Goh, Sterling, BoE, Goh Organizations: U.S, Federal Reserve, dovish Bank of England, Commonwealth Bank of Australia's, Tokyo, Japan's Finance, Eastspring Investments, Bank of England, Monetary, Committee, Fed, Treasury, Traders, PPI, Federal Locations: U.S, United States
Mumbai, India CNN —As Indians head to the polls in a massive ongoing nationwide election, much attention has focused on the country’s explosive growth under Prime Minister Narendra Modi’s leadership. There is expected to be 740 million active smartphone users in India by 2030, according to EY India. “I wanted to make similar shoes that were printed with ‘Made in India,’” Shah says. After four years of trial and error, Shah Shoes was born. Some 17 years on, Shah Shoes has helped support his family back in Bihar, including six siblings.
Persons: Narendra Modi’s, — Modi, Javed Khatri, Noemi Cassanelli, he’d, Khatri, , , , , Apoorva Mukhija, , Instagram, Mukhija, ” Mukhija, That’s, she’s, she’d, Jameel Shah, CNN Jameel Shah, Shah, wasn’t, CNN Shah, Kylie Minogue, ” Shah, , ’ ” Shah, Shah Shoes, Priyanka Chopra, Katrina Kaif, He’s, Modi’s Organizations: India CNN, Bharatiya Janata Party, BJP, CNN, EY, World Bank, Facebook Locations: Mumbai, India, , Bangalore, Silicon, , EY India, Dubai, London, California, , Delhi, Bihar, India’s, Dharavi, Australian
Wedbush reiterates Apple as outperform Wedbush said it's standing by its outperform rating on shares of Apple . Bank of America reiterates Palantir as buy Bank of America said it's standing by its buy rating on shares of Palantir. Bank of America initiates Apogee Therapeutics at buy Bank of America said the biotech company has best-in-class potential. Bank of America upgrades Bumble to buy from neutral Bank of America sees "multiple expansion" for the dating app company. Bank of America reiterates Walmart as buy Bank of America said it's bullish heading into Walmart earnings on May 16.
Persons: Bernstein, Wedbush, Palantir, Wells, CRNC, Stifel, TD Cowen, Morgan Stanley, Raymond James, it's, Bumble, Lear, Tesla, Oppenheimer, Guggenheim Organizations: Nvidia, Citi, Cheesecake, Apple, Worldwide, " Bank of America, Bank of America, Mizuho, Apogee Therapeutics, Warner Brothers Discovery, HSBC, TPG, of America, Dominion, underperform Bank of America, Dominion Energy, Barclays, Nike, Walmart, Supercenters, Moffett Locations: WWDC, Palantir, OW, U.S
India’s half-hour zone dates back to colonial rule of India and the era when ever-faster steamships and trains were shrinking the world. The start of the 20th century saw some push from scientific associations to calibrate India’s time to GMT. That recommendation was rejected by the colonial government, which opted for a unified time that sat squarely in the middle: five and a half hours ahead of GMT. In 2015, North Korea moved out of sync with South Korea by creating “Pyongyang Time,” putting the country eight and a half hours ahead of GMT instead of nine. India’s colonial-era time zone decision making, however, reflected a chorus of political, scientific and commercial voices both from within the government and outside of it, Gordon says.
Persons: Hulton, , Geoff Gordon, Gordon, , it’s, Wong Maye, Hugo Chávez, Nicolas Maduro, Terry Gilliam, Rube Goldberg, Maulik Jagnani, Jagnani Organizations: CNN, East India Company, Hulton Deutsch, University of Amsterdam, Madras, Washington D.C, Greenwich Meridian, Greenwich Observatory, Meridian, Royal Society, Prime Meridian, Physical Laboratory, Tufts University, NPL Locations: New York, London, Tokyo, Iran, Myanmar, Australia, India, British, Madras, Chennai, , Bombay, Kolkata, Washington, London ., Greenwich, North Korea, South Korea, Korea, Pyongyang, Brazil, , Greenwich , London, China, Assam, Arunachal Pradesh, Gujarat
But Murdoch was an anomaly, to a large degree, in the right-wing media universe. While Murdoch’s power has waned in recent years, his empire continues to serve as the source of gravity in the right-wing media universe. Without Murdoch Media joining the chorus and denouncing Johnson, Greene’s efforts failed to gain enough momentum to actually jeopardize Johnson’s leadership. Instead, Murdoch — invisibly — helped Johnson escape what could have been a dire situation. After all, elsewhere in right-wing media, Johnson was portrayed as a turncoat.
Persons: Rupert Murdoch, , Mike Johnson, Marjorie Taylor Greene, Johnson, Greene, MOSCOW MARJORIE ”, Murdoch, Tucker Carlson, Steve Bannon, Charlie Kirk, Breitbart, Donald Trump, Ted Shaffrey, vlogs, Trump, Murdoch — invisibly — Organizations: New York CNN, Republican Party, Fox News, Street Journal, New York, MAGA Media, Republican, Democratic Party, GOP, CNN, MSNBC, Murdoch Media, Trump Locations: New York, Ukraine, Johnson
It’s easy to think of a colloquial definition — hatred and bigotry directed against Jews — but it’s much harder than you might think to define it legally. This legal ambiguity is especially problematic when our nation is facing what President Biden called a “ferocious surge” in antisemitism. Last week, the Antisemitism Awareness Act, a bill intended to protect Jewish students from discrimination on campus, passed with broad bipartisan support. The law is motivated by good intentions in support of a necessary purpose, but the bill itself is deeply flawed. To understand what’s good about the act, it’s necessary to understand the legal ambiguities that now exist on campus.
Persons: Biden, , Organizations: Defamation League, ADL, Civil Locations: United States
Onstage with her group the Mamas & the Papas at the Monterey International Pop Festival in June 1967, Cass Elliot, the grand doyenne of the Laurel Canyon scene, bantered with the timing of a vaudeville comedian. “Somebody asked me today when I was going to have the baby, that’s funny,” she said, rolling her eyes. The unspoken punchline — if you could call it that — was that she had already given birth to a daughter six weeks earlier. July 29 is the 50th anniversary of her untimely death at 32, a tragedy that still spurs unanswerable questions. Might Elliot, who was one of Johnny Carson’s most beloved substitutes, have become the first female late-night talk show host?
Persons: Cass Elliot, , , , Owen Elliot, Kugell, ” Elliot, Elliot, Johnny Carson’s Organizations: Mamas, Monterey, Pop Festival, Sunset Locations: Laurel, Los Angeles
There's a split internally at $65 billion Marshall Wace. The 27-year-old London-based hedge fund, founded by Paul Marshall and Ian Wace, has prided itself on its collaborative culture. Multi-strategy mightThe culture shift at Marshall Wace is just the latest ripple effect to come from the vast expansion of power, assets, and clout of the largest multi-strategy hedge funds. For Marshall Wace, that looks like a charge that can be up to 0.75% of the $22.4 billion Eureka fund's value — more than $150 million — on top of the set management fees and variable performance fees the firm already charges. A person close to the firm said that certain people still have access to aggregated positions, but the restriction helps Marshall Wace manage "complexity and confidentiality" as the manager continues to grow.
Persons: Marshall Wace, Paul Marshall, Ian Wace, Marshall, George Soros, It's, Marshall Wace's, You've, Dan Schatz, Ruchit, Jaime Brandwood, Derek Rosenthal, Marshall's Organizations: Business, BNP, Eureka, Citadel, Ruchit Puri Locations: London, Citadel, New York, Singapore, Shanghai, Hong Kong, Eureka
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