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☆ Billions of dollars of Ukraine aid will be spent in the US. Here are the cities that could get a boost.
▼ + stars: | 2024-04-25 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

The Senate passed a $95 billion spending package that included aid for Ukraine, Israel, and Taiwan. AdvertisementOn April 23, the Senate passed a $95 billion spending package that included foreign aid for Ukraine, Israel, and Taiwan. In fact, an analysis of financial aid to Ukraine published in October by the website Breaking Defense found that a majority of the billions of dollars in Ukraine aid Congress had approved to date was ultimately spent in the US. The Ukraine aid is expected to be used to provide ammunition, artillery rounds, armored vehicles, and other weapons, the Associated Press reported. The factory, which is expected to employ 150 people when it opens, is expected to benefit from foreign aid to Ukraine.

Persons: —, Joe Biden, Biden Organizations: Service, Ukraine, Defense, Ukraine —, Associated Press, Washington, BAE Systems, New York Times, Dynamics Locations: Ukraine, Israel, Taiwan, Pennsylvania , Alabama , Illinois, Florida, Washington, California , Arizona , Alabama, Texas, Russia, Gaza, China, York , Pennsylvania, Troy , Alabama, Peoria , Illinois, Aiken , South Carolina, Elgin , Oklahoma, Niceville , Florida, Endicott , New York, Scranton , Pennsylvania, Iowa, Dallas, Mesquite

☆ The Masters is about to turn Augusta's airport into 'organized chaos.' Here's how it gears up for an influx of over 1,500 private jets.
▼ + stars: | 2024-04-10 | by ( Pete Syme | ) www.businessinsider.com time to read: +6 min

AdvertisementWith an average of 30,000 passengers a month, Augusta Regional Airport usually sees one-hundredth the number of passengers as Newark Liberty International. This year's Masters, played at Augusta National, is set to be the busiest yet for Augusta Regional Airport. "In years past, American has always given an influx of direct flights for Masters week," Smith told BI. But perhaps the most striking change from the usual day-to-day is the expected influx of private jets. Private jetsAugusta Regional Airport has two runways but closes one of them down for the Masters so that the private jets can park there.

Persons: —, Lauren Smith, Smith, It's, Barnwell, Augusta —, Uber Organizations: Augusta Regional Airport, Service, Augusta Regional, Newark Liberty International, TSA, Augusta National, American Airlines, Delta Air Lines, Delta, Private, Augusta, Atlanta —, New, Bombardier Challenger Locations: Augusta, Georgian, Washington, DC, Boston, Austin, JFK, Palm Beach, Orlando, LaGuardia, Detroit, Atlanta, Aiken, South Carolina, New York City, Toro

☆ Use of Abortion Pills Has Risen Significantly Post Roe, Research Shows
▼ + stars: | 2024-03-25 | by ( Pam Belluck | ) www.nytimes.com time to read: +2 min

Another report, published last week by the Guttmacher Institute, a research organization that supports abortion rights, found that medication abortions now account for nearly two-thirds of all abortions provided by the country’s formal health system, which includes clinics and telemedicine abortion services. The JAMA study evaluated data from overseas telemedicine organizations, online vendors and networks of community volunteers that generally obtain pills from outside the United States. Before Roe was overturned, these avenues provided abortion pills to about 1,400 women per month, but in the six months afterward, the average jumped to 5,900 per month, the study reported. The co-authors were a statistics professor at the university; the founder of Aid Access, a Europe-based organization that helped pioneer telemedicine abortion in the United States; and a leader of Plan C, an organization that provides consumers with information about medication abortion. Vendors in the study were vetted by Plan C and found to be providing genuine abortion pills, Dr. Aiken said.

Persons: Roe, ”, Abigail Aiken, Aiken Organizations: JAMA, Guttmacher Institute, University of Texas Locations: United States, U.S, Austin, Europe, India

☆ How Did Haley’s South Carolina Become Trump Country? Ask the Tea Party.
▼ + stars: | 2024-02-23 | by ( Charles Homans | ) www.nytimes.com time to read: +1 min

When Nikki Haley ran for governor of South Carolina in 2010, one of her early campaign stops was the Aiken, S.C., living room of Claude and Sunny O’Donovan. “We fell in love with her,” Mr. O’Donovan, 85, said. “She was a dynamite gal.”A digital picture frame in the O’Donovans’ home still displays a photograph of Ms. Haley at the meeting. But on Feb. 24, when Ms. Haley faces Donald J. Trump in South Carolina’s Republican presidential primary, both of the O’Donovans plan to vote for Mr. Trump. “I think he has the values of the Tea Party,” Mrs. O’Donovan, 84, said.

Persons: Nikki Haley, Aiken, Claude, Sunny O’Donovan, O’Donovan, Haley, “, ” Mr, Donald J, Trump, ” Organizations: Tea Party, Trump, Republican, Mr Locations: South Carolina, S.C, Aiken County, South

There's a history of Christmas pudding charms, to be hidden within the holiday treat. And there's an angel made of beads by an artisan in the Woza Moya collective of South Africa. The photographer behind the Instagram account Brown Girls Do Ballet has put together a celebratory essay in images of just that. More than 1,100 color images included in this broad overview, Glaser’s wit ever-present. Includes rarely seen images and recollections from Salt-N-Pepa, Public Enemy, Run-D.M.C., Mary J. Blige and more.

Persons: Slim Aarons, Shawn Waldron, Abrams, “, David Trigg, Sam Bilton, Dolph Gotelli, Moya, “ Lena Horne, Donald Bogle, Bogle, TaKiyah Wallace, McMillian, Kailyn Scales, Leventhal, Dutton, Chef Gabriel “, Kim Laidlaw, Guilbeau, Taylor Sheridan, John, Kayce, Beth, Hal Rubenstein, Mary Tyler Moore's, Laura Petrie, Dick Van Dyke, ” Moore, Rubenstein, Dawn Wells, Mary Ann, Molly Adams, Sydney Golden Anderson, Adams, Golden Anderson, “ Thom Browne, ”, Thom Browne, Andrew Bolton, Johnny Dufort, Browne's, Karida L, Brown, Charly Palmer, W.E.B, Du Bois, They've, Langston Hughes, Jenni Nuttall, Mark Seliger, Seliger, Joe Jonas, Sophie Turner, Chadwick, Will Smith, Jada Pinkett Smith, Robert De Niro, ” Abrams, Lindsey Taylor, Taylor, “ Milton Glaser, Steven Heller, Mirko Ilić, Beth Kleber, Glaser, Glaser busied, “ LL, LL Cool, Vikki Tobak, Alec Banks, Mary J, Blige, Peep Ludacris Organizations: Hollywood, Getty Images, Phaidon, Running Press, CBS, HarperCollins, Sydney, Feminist Bird, National Wildlife Federation, Princeton Architectural Press, Families, Chronicle, Exeter College, “, Wall, Rizzoli New Locations: Palm Beach, Rome, tailgaters, Aiken , South Carolina, South Africa, Brooklyn, Louisiana, Bolton, New York, Rizzoli New York

☆ Growing geopolitical conflicts have some investors feeling guilty about buying defense stocks
▼ + stars: | 2023-11-12 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

He went on to list the names and performances of defense-focused funds including the iShares U.S. Aerospace & Defense ETF (ITA) and the SPDR S&P Aerospace & Defense ETF (XAR) . As the latest geopolitical conflict escalates, these investors are ignoring defense stocks despite the market axiom that those holdings tend to perform better in times of war. Indeed, the iShares U.S. Aerospace & Defense ETF popped more than 4% in the week following Hamas' Oct. 7 attack and went on to finish October up about 3.7%. Ignoring market wisdomRetail traders poured into defense stocks and funds in the aftermath of the invasion, but inflows have since cooled, according to Vanda Research. But not everyone sees the intensifying conflict as a moment to invest in defense stocks.

Persons: Kenneth Suna, Suna, Vanda, Sow, Andrew Behar, it's, Behar, Hannah Beier, Jason Aiken Organizations: Raytheon, U.S . Aerospace & Defense ETF, P Aerospace & Defense ETF, D.C, CNBC, U.S . Aerospace & Defense, Vanda Research . Defense, Trust, Scranton Army, Plant, Getty, General, Funds Locations: Israel, U.S, Washington, Scranton, Scranton , Pennsylvania, Russia, Ukraine

☆ New Mexico State basketball: 3 former players charged with sex crimes in case of alleged hazing
▼ + stars: | 2023-11-10 | by ( Jason Hanna | Joe Sutton | ) edition.cnn.com time to read: +3 min

CNN —Three former New Mexico State University basketball players have been charged with felony sex crimes and other offenses over allegations they were hazing teammates and student staff members – accusations that helped prematurely end the team’s 2022-23 season – the state attorney general said Thursday. The offenses are alleged to have happened from August to November 2022, grand jury indictments released by Torrez’s office say. Washington, a junior guard last season, and Bradley, then a sophomore forward, each face five counts of false imprisonment and criminal sexual contact. CNN has sought comment from the attorney general’s office and New Mexico State University. The Aggies resumed their men’s basketball program under a new coach, and the team played its first two games of the 2023-24 regular season this week.

Persons: Deshawndre, Doctor Bradley, Kim Aiken Jr, “, General Raúl Torrez, ” Torrez, Bradley, Aiken, ”, Dan E, Arvizu, KOAT Organizations: CNN, New Mexico State University, New, KOAT, New Mexico State University Police Department, KVIA, The Aggies Locations: Deshawndre Washington, New Mexico, Washington, Las Cruces

☆ Ukraine war orders starting to boost revenues for big US defense contractors
▼ + stars: | 2023-10-27 | by ( Mike Stone | ) www.reuters.com time to read: +4 min

WASHINGTON, Oct 27 (Reuters) - The Russian invasion of Ukraine in 2022 is starting to boost defense contractors' revenues, as customers such as the U.S. government restock supplies shipped to Ukraine and countries around Europe arm themselves with an eye on Moscow's aggressions. New contracts to supply Ukraine directly - or backfill U.S. weapons sent to Ukraine - were signed late last year, and now revenue is flowing to the big defense contractors. "We've gone from 14,000 (artillery) rounds per month to 20,000 very quickly. The General Dynamics' Combat Systems unit, which makes armored vehicles, tanks and the artillery Ukraine uses, saw its revenue rise almost 25% versus the same period a year ago. Third-quarter sales for Northrop Grumman's (NOC.N) Defense Systems segment rose 6% on high demand for ammunition and rocket motors used in guided multiple-launch rocket systems (GMLRS), which play a crucial role in supporting Ukraine's defense efforts against Russian forces.

Persons: Lockheed Martin, We've, Jason Aiken, Northrop Grumman's, Sweden's, Joe Biden, Biden, Dynamics's Aiken, Mike Stone, Rod Nickel Organizations: Lockheed, General Dynamics, Patriot, Palestinian, Hamas, Wall, Dynamics ', Systems, Wall Street, Russian, Sweden's Saab, Rheinmetall, Thomson Locations: Ukraine, Europe, aggressions ., U.S, Israel, Arizona, Pennsylvania, Ohio, Texas, Washington

In the 12 months after the Dobbs decision in June 2022, there were on average 82,298 abortions a month, compared with 82,115 in the two months before Dobbs, WeCount found. The new data, released Tuesday, included 83 percent of known providers, and researchers estimated the remainder based on historical trends and abortion data from states. The report does not include abortions outside the U.S. medical system — such as ordering abortion pills from abroad or traveling across the border. The biggest increases in legal abortions occurred in states that border those with bans, suggesting that many patients traveled across state lines. In Florida, which bars abortions after 15 weeks of pregnancy but is surrounded by states with stricter bans, abortions were up 28 percent, to 7,705.

Persons: Dobbs, WeCount, Abigail Aiken, Alexia Rice, Henry Organizations: Society of Family, Guttmacher, University of Texas, ARC Locations: Austin, New Mexico, Illinois, Florida

☆ How a California hedge fund bulldozed the state's labor laws to impose some of the harshest noncompetes on Wall Street
▼ + stars: | 2023-10-03 | by ( Alex Morrell | ) www.businessinsider.com time to read: +23 min

That's partly why so few quantitative trading firms reside in California, whose labor-friendly laws have long favored employee mobility and competition. Exhibit A: The Voleon Group, a prominent quantitative-trading firm based in Berkeley, California, that manages about $5 billion in assets. The hedge fund has bulldozed past state prohibitions to not just impose noncompetes, but impose some of the harshest noncompetes in the entire industry, according to seven former employees, industry experts, and documents detailing the firm's restrictive covenants. Like so many other quant-trading firms, Voleon took care to protect its edge. Other employees Insider spoke with have a less generous view, with several describing the company as stingy — a third ex-employee bemoaned the company as "notoriously cheap" on compensation.

Persons: Kathy Hochul's, haven't, Michael Kharitonov, Jon McAuliffe, Shaw, — Kharitonov, McAuliffe, Voleon, —, Harry Lipman, Rottenberg Lipman Rich, Lipman, bemoaned, noncompetes, Martin Wainwright, Howard Aiken, Wainwright, hasn't, It's, Jessica Riggin, Rukin Hyland, Riggin, specter, James Hannaway, Sanford Heisler Sharp, Hochul, Rob Bonta, Sen, Anna Caballero, foisting, Caballero, Voleon's Organizations: New, Gov, University of California, Stanford, UC Berkeley, Wall Street, Google, Citadel, Sigma, That's, Big Tech, Darwin, MIT, Berkeley, California, Labor Locations: New York, California, Berkeley , California, University of California Berkeley, Berkeley, Voleon, Delaware, Washington ,

☆ Gold has held up better than anticipated: Cape Cod Five's Rachael Aiken
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGold has held up better than anticipated: Cape Cod Five's Rachael AikenRachael Aiken, senior investment officer at Cape Cod Five Wealth Management, Peter Boockvar, Bleakley Financial chief investment officer, and CNBC's Bob Pisani join 'Power Lunch' to discuss bonds and gold as alternatives to stocks.

Persons: Rachael Aiken Rachael Aiken, Peter Boockvar, Bob Pisani Organizations: Cape, Five Wealth Management, Bleakley Financial

☆ Watch CNBC's full interview with Cape Cod Five's Rachael Aiken and Bleakley's Peter Boockvar
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Cape Cod Five's Rachael Aiken and Bleakley's Peter BoockvarRachael Aiken, senior investment officer at Cape Cod Five Wealth Management, Peter Boockvar, Bleakley Financial chief investment officer, and CNBC's Bob Pisani join 'Power Lunch' to discuss bonds and gold as alternatives to stocks.

Persons: Rachael Aiken, Bleakley's Peter Boockvar Rachael Aiken, Peter Boockvar, Bob Pisani Organizations: Cape, Five Wealth Management, Bleakley Financial

BMO, which bought U.S. regional lender Bank of the West earlier this year, said provision for credit losses rose to C$492 million ($361.42 million), compared with C$136 million a year ago. The bank's earnings were also affected by severance costs of C$162 million and C$83 million in legal provisions at its capital markets unit. At Bank of Montreal, net interest income for the quarter rose to C$4.91 billion, compared with C$4.20 billion last year. At Scotiabank net interest income fell to C$4.58 billion, from $4.68 billion a year ago, largely hurt by lower corporate lending and lower loan fees. At Scotiabank, net income came in at C$2.23 billion, compared with C$2.61 billion.

Persons: Carlos Osorio, Tayfun Tuzun, BMO's, Scott Thomson, Thomson, John Aiken, BMO's Tuzun, Nivedita Balu, Pritam Biswas, Sri Hari, Shweta Agarwal, Bernadette Baum, Mike Harrison, Jonathan Oatis Organizations: Bank of Montreal, REUTERS, Bank of Nova, Bank of Canada's, BMO, Bank, Scotiabank, Barclays, Bank of, Analysts, Thomson Locations: Toronto , Ontario, Canada, Bank of Nova Scotia, Toronto, U.S, Mexico, Bank of Montreal, Bengaluru

The country's second-largest bank Toronto-Dominion Bank (TD.TO), however, missed Bay Street estimates for quarterly profit hurt by higher expenses and rainy day funds to cover for unpaid loans. The bank's earnings were also impacted by a C$306 million charge related to the termination of its First Horizon acquisition. "The higher interest rate would put pressure on the consumer. The banks set aside more money for bad loans compared to the prior quarter as consumers struggle to make payments amid high costs of living. RBC set aside C$616 million for credit losses, up from C$340 million a year ago, and TD set aside C$766 million, a jump from C$351 million.

Persons: Mark Blinch, Dave McKay, John Aiken, Kelvin Tran, Nivedita Balu, Sri Hari, Pritam Biswas, Shilpi Majumdar, Mark Potter Organizations: Royal Bank of Canada, REUTERS, RBC, Barclays, Dominion Bank, The Bank of Canada, Thomson Locations: Toronto, Canada, Sri, Bengaluru

"We are seeing evidence of slowing labor markets as evidenced by slowing wage growth, lower job postings and an increase in Canadian unemployment. The country's second-largest bank Toronto-Dominion Bank (TD.TO), however, missed analysts' estimates for quarterly profit, which was hurt by higher expenses, rainy day funds to cover for unpaid loans and weakness in its U.S. business. RBC reported adjusted earnings of C$2.84 per share, beating analysts' estimates of C$2.71 per share, according to Refinitiv data. The bank's earnings were also impacted by a C$306 million payment related to the termination of its First Horizon acquisition. RBC and TD together account for half of the market share among the big six Canadian banks with a market capitalization of C$168 billion and C$151 billion respectively.

Persons: Dave McKay, McKay, May, John Aiken, Kelvin Tran, TD, Nivedita Balu, Manya Saini, Sri Hari, Pritam Biswas, Shilpi Majumdar, Mark Potter, Sharon Singleton Organizations: Royal Bank of Canada, RBC, Barclays, Dominion Bank, Bank of Canada, Thomson Locations: China, Toronto, Canada, Bengaluru

[1/3] U.S. Secretary of Energy Jennifer Granholm delivers a speech during the CERAWeek energy conference in Houston, Texas, U.S., March 8, 2023. REUTERS/Callaghan O'Hare/File PhotoWASHINGTON, July 28 (Reuters) - The largest U.S. solar power site and other clean energy projects could be built on lands owned by the Department of Energy, including where components for Cold War-era atomic bombs were developed, the agency said on Friday. The administration wants the U.S. grid to run on clean energy by 2035. The event included developers of renewable power and nuclear power, involving participants with experience implementing clean electricity projects generating at least 200 megawatts. Reporting by Timothy Gardner and Laura Sanicola in Washington Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Energy Jennifer Granholm, Callaghan O'Hare, Jennifer Granholm, Granholm, Joe Biden's, Hanford, Timothy Gardner, Laura Sanicola, Marguerita Choy Organizations: Energy, REUTERS, WASHINGTON, Department of Energy, DOE, U.S . Energy, Washington , D.C, Idaho National Laboratory, Nevada Nuclear Security, Manhattan, Thomson Locations: Houston , Texas, U.S, Washington ,, Hanford, Richland , Washington, Idaho, Idaho Falls , Idaho, Nye County , Nevada, Savannah, Aiken , South Carolina, Carlsbad , New Mexico, Washington

☆ Valuations at the index level look stretched, says Cape Cod Five's Rachael Aiken
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailValuations at the index level look stretched, says Cape Cod Five's Rachael AikenRachael Aiken, senior investment officer at Cape Cod Five Wealth Management, joins 'Power Lunch' to discuss if equity markets have gotten ahead of themselves, if Aiken would be surprised by an equity market pullback, and more.

Persons: Rachael Aiken Rachael Aiken, Aiken Organizations: Cape, Five Wealth Management

☆ What reset? DeSantis defiant while campaign braces for reality of his struggles
▼ + stars: | 2023-07-20 | by ( Steve Contorno | ) edition.cnn.com time to read: +8 min

DeSantis’ remarks Monday in Tega Cay, South Carolina, were a near carbon copy of the speech he has delivered at campaign stops for weeks. Over the weekend, a spokesperson for DeSantis’ campaign confirmed to CNN it let go of some staffers, after Politico reported that “fewer than 10 staffers” in event planning were cut on Thursday. Over six weeks, DeSantis had spent $686,000 on travel including expenses for private jets, according to campaign finance records, and his payroll topped $1 million. “In the second quarter, we were a candidate for about five and a half weeks, our campaign raised $20.1 million dollars. Lu Aiken, a member of Republican Women Rising in South Carolina, said she was undecided but DeSantis was at the top of her list.

Persons: Ron DeSantis, Joe Biden, ” DeSantis, ’, CNN’s Jake Tapper, –, Donald Trump’s, DeSantis, Trump, we’ll, I’ll, Tapper, “, ”, Kim Reynolds, “ We’re, Donald Trump, Rupert Murdoch’s, Lu Aiken, we’ve, Ron, ” Jonathan Sievers Organizations: CNN, Florida Gov, Politico, GOP, Trump, Iowa Republican Gov, Republican, Fox News, Disney, ” Republican, Republican Women Rising Locations: South Carolina, Delaware, Tega Cay, kickstart, Carolina, Iowa, Florida, Utah, Park City , Utah, “, United States, DeSantis, Trump, Weddington , South Carolina

☆ Microsoft, Google strategy to test AI search ads irks some brands
▼ + stars: | 2023-06-08 | by ( Sheila Dang | ) www.reuters.com time to read: +6 min

[1/2] Google, Microsoft and Alphabet logos and AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. Microsoft is testing ads in the Bing AI chatbot, which began rolling out to users in February, by relocating some traditional search ads and inserting them into the AI responses, the company said. In a May interview, Google’s general manager of ads, Jerry Dischler, said the tech company would also use existing search ads to experiment with ad placements within the AI search snapshots, an early-test feature called Search Generative Experience that first became available last month. Microsoft and Google said existing guard rails on their search engines, including lists of blocked keywords to prevent ads from appearing on those queries, would also apply to their AI search features. Three ad buyers said they were concerned about Microsoft’s lack of transparency reporting, or reports that can show what search terms triggered a brand’s ads to appear in generative AI experiences, or how the ads performed versus traditional search ads.

Persons: Dado Ruvic, Google’s, Jerry Dischler, Jason Lee, Wells, Wells Fargo, Lynne Kjolso, Bing, ”, Samantha Aiken, Max, can’t, Kjolso, Sheila Dang, Kenneth Li, Matthew Lewis Organizations: Google, Microsoft, REUTERS, Reuters, MAGNA, Bing, Horizon Media, Thomson Locations: Anthropic, Corona, Wells Fargo, Dallas

☆ Canadian banks see earnings risk from commercial property loans, TD in focus
▼ + stars: | 2023-05-22 | by ( Nivedita Balu | ) www.reuters.com time to read: +4 min

TORONTO, May 22 (Reuters) - Canadian banks are expected to report a rise in bad debt provisions and highlight risks from commercial property loans when they report earnings this week, with the country's No.2 bank TD (TD.TO) in focus after its acquisition of First Horizon (FHN.N) failed. Bay Street analysts have lowered their second quarter earnings expectations for Canadian banks, anticipating higher expenses and slowing loan growth as turmoil south of the border weighs on the broader banking sector. Still, investors view Canadian banks as safer bets than their U.S. counterparts due to their strong capital levels. BMO and Scotia Bank (BNS.TO) are due to report earnings on Wednesday, while TD, Canadian Imperial Bank of Commerce (CM.TO) and Royal Bank of Canada (RY.TO) report on Thursday. Canadian bank stocks have largely underperformed TSX Canadian bank stocks have largely underperformed TSXEmpty offices in big cities have raised concerns among investors about banks' commercial property loan exposure, since about 10% of the lending portfolio of the Big-6 banks is tied to commercial real estate.

May 4 (Reuters) - Canadian lender Toronto-Dominion Bank Group (TD.TO) has called off its deal to acquire First Horizon Corp (FHN.N) for $13.4 billion on Thursday, sending the U.S. bank's shares down 44.5% in premarket trading. As part of the termination, TD will pay $200 million to First Horizon in addition to a $25 million fee reimbursement, the banks said. TD first agreed to buy First Horizon in February last year to expand its presence in the United States. Since then, the lender has acquired New York-based boutique investment bank Cowen Inc for $1.3 billion this year. ORTEX data from early last month showed the second-largest Canadian lender was the world's most shorted banking stock.

First Horizon and TD said in a statement they had mutually decided to end the deal because there was no clarity on when they would get regulatory approvals. TD will pay $200 million to First Horizon, in addition to a $25 million fee reimbursement. 2 lender came under pressure from some investors to scrap the purchase after the U.S. regional banking crisis. TD agreed to buy First Horizon in February last year to expand its presence in the United States. Average deposits at First Horizon fell 4% to $62.2 billion in the first quarter, compared to the end of last year.

☆ US bank run victims were bailed out in 3 days. In China, many have been waiting a year
▼ + stars: | 2023-04-21 | by ( Selina Wang | ) edition.cnn.com time to read: +9 min

CNN is not revealing the identities of the bank victims in order to protect their safety. Bank victims protest in Henan in July 2022. Experts say small banks in other parts of China could face the same crisis, as the world’s second largest economy faces a longer term structural slowdown. Some Chinese bank victims even say they’re living in fear of violent reprisals. CNN interviews bank victims in China.

☆ Inside the Online Market for Overseas Abortion Pills
▼ + stars: | 2023-04-13 | by ( Allison Mccann | ) www.nytimes.com time to read: +17 min

A selection of abortion pill kits available online from overseas sellers. A chart of the estimated number of abortion pills provided outside the U.S. health care system from July through December 2022. For most patients, the cost of the service remains the most important factor in deciding where to get pills online. A chart showing the minimum, average and maximum cost of abortion pills from overseas providers: Aid Access, Las Libres and for-profit online sellers. A chart showing the minimum, average and maximum delivery speeds of abortion pills from overseas providers: Aid Access, Las Libres and for-profit online sellers.

☆ Cash-strapped Chinese cities are cutting medical benefits for seniors
▼ + stars: | 2023-03-31 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Censors removed hashtags for “Wuhan health insurance” from Weibo’s hot topics section after the demonstrations began in January. State media reported at the time that some other regions had already spent public money on mass testing. CFOTO/Future Publishing/Getty ImagesCovering the shortfallChina’s health insurance scheme is a key part of its limited social safety net. To protesters, however, it looked like local governments were dipping into their individual accounts to cover the shortfalls of the collective pool. “There has to be some resolution of the financial capacity of local governments to meet current, and prospective, age-related costs,” Magnus said.

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