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☆ Kim Kardashian and Kanye West’s daughter North West to costar in ‘Lion King’ concert event at Hollywood Bowl
▼ + stars: | 2024-05-08 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

“The Lion King at the Hollywood Bowl” live concert event will take place later this month at Los Angeles’ iconic outdoor concert venue the Hollywood Bowl. Tickets are available to purchase now for “The Lion King at the Hollywood Bowl” live concert event, which will take place on May 24 and 25 in Los Angeles. The live concert will eventually be available to stream as a Disney+ Original Special at a later date. West is not the only celebrity child to be attached to the storied “Lion King” franchise in some capacity. Beyoncé and Jay Z’s 12-year–old daughter Blue Ivy Carter is part of the cast of the upcoming “Mufasa” movie – the live-action prequel to “The Lion King.”

Persons: CNN — Kim Kardashian’s, North, King, Heather Headley –, Nala, Lebo, ”, Billy Eichner, Jeremy Irons, Bradley Gibson, Nathan Lane, Jennifer Hudson, Kardashian, Kanye West, “, Jay Z’s, Blue Ivy Carter Organizations: CNN, Hollywood, Broadway, Hollywood Bowl, Los Angeles, Disney Locations: North West, Los, Los Angeles

☆ I always dreamed of working at Disney World. But after 3 months in the parks, I was ready to quit.
▼ + stars: | 2024-05-08 | by ( Jordyn Bradley | ) www.businessinsider.com time to read: +3 min

I quit after working at Disney World for three months through the Disney College Program. AdvertisementIt was always my dream to work at Disney World, and in 2019, it came true when I was hired through the Disney College Program. Most of the College Program employees were reallocated to other parts of the Disney property, even though Epcot's next festival was starting soon. Even though I only had about a month left in my College Program, I quit after a couple of days of training at Magic Kingdom. It's taken me some time to neutralize my feelings toward DisneyMy feelings toward Disney World have shifted a lot since I started working there.

Persons: —, Jordyn Bradley, Epcot's, It's, I've, I'm Organizations: Disney, Disney College Program, Service, Epcot, Wine, College Program, Magic Kingdom, Program Locations: Florida, Michigan

☆ Businesses add $90 billion in surprise 'junk fees' each year, and it's starting to backfire
▼ + stars: | 2024-05-08 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Businesses are adding $90 billion in fees to consumer's bills each year, according to one estimate. US consumers spend more than $650 a year per household on "junk fees," per the CEA. AdvertisementBusinesses are adding $90 billion in surprise "junk fees" to customers' bills each year — and it is starting to backfire. Junk fees are hidden costs that are added to product prices. Last June, President Joe Biden said his administration had taken steps to crack down on junk fees.

Persons: —, Noelle Weaver, Bradley Walker, Walker, Merrilee Bridgeman, Joe Biden Organizations: Service, White House Council, Economic Advisers, National Bureau of Economic Research, Wall Street, Democratic Locations: New Orleans, Charlotte , North Carolina

☆ Schonfeld's Asia cohead is leaving the $10 billion firm's fast-growing outpost
▼ + stars: | 2024-05-07 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +2 min

Eric To is leaving the $10 billion New York-based multi-manager, people close to the firm told Business Insider. He was the cohead of APAC and head of APAC fundamental equity. This story is available exclusively to Business Insider subscribers. A person close to the firm told Business Insider that To's cohead, Chris Antonelli, will take over as the sole head of the Asia business going forward. In the five years To was there, this person noted, Schonfeld's Asia business expanded to Japan and Australia and nearly tripled its head count in the region.

Persons: —, Eric, Sol Kumin's, Chris Antonelli, Ken Organizations: Service, Business, Schonfeld, SAC Capital, Schonfeld's, Citadel Locations: York, Hong Kong, Folger Hill, Asia, Balyasny, Schonfeld's Asia, Japan, Australia, APAC

☆ Billionaire Steve Cohen's $33.9 billion Point72 sheds stockpickers
▼ + stars: | 2024-05-07 | by ( Bradley Saacks | Alex Morrell | ) www.businessinsider.com time to read: +2 min

Billionaire Steve Cohen's Point72 has cut at least seven long-short equity portfolio managers. The firm, which is up 5.9% in 2024 through April, has dozens of portfolio managers across strategies. AdvertisementBillionaire Steve Cohen's Point72 has cut at least seven long-short equity portfolio managers, several people close to the fund told Business Insider. As of last September, the firm had 100 long-short portfolio managers. Five more macro portfolio managers joined the firm in March, Bloomberg previously reported, and the total number of macro teams now stands at more than 50.

Persons: Steve Cohen's Point72, —, Brevan Howard, Schonfeld, Point72, Mo Grimeh Organizations: Service, Business, Bloomberg, Millennium

☆ Space Force Guardians became the first 'space cowboys' after completing the Army's rigorous spur ride challenges
▼ + stars: | 2024-05-07 | by ( Thomas Novelly | ) www.businessinsider.com time to read: +6 min

Three Space Force Guardians earned their spurs after finishing a series of rigorous combat tests. They completed the Army Cavalry Spur Ride, becoming the US military's first 'space cowboys.' AdvertisementA US Space Force spur ride candidate hydrates during a spur ride at Fort Bliss, Texas. AdvertisementUS Space Force spur ride candidates move a litter with a BGM-71 TOW, low crawling through the sand at Fort Bliss, Texas. A US Space Force spur ride candidate takes a breather before continuing through an obstacle during a spur ride at Fort Bliss, Texas.

Persons: —, Bliss, Bradley Evans, Military.com, Evans, David Poleski, Jordan Savage, Savage, Jackson Jennings, Dan Reynolds, there's, It's, I'm Organizations: Space Force Guardians, Army Cavalry, US, Service, Stetson, Army, Space Force, White, Guardians, Spc, Space Systems Command, Garmin, Force, US Space Force, Fort, Space Force Guardian, Ranger, — Locations: West Texas, El Paso , Texas, Fort Bliss , Texas, Los Angeles, rucking, Fort Jackson, South Carolina

☆ Amgen, newer rivals could threaten Novo Nordisk and Eli Lilly's weight loss drug dominance
▼ + stars: | 2024-05-07 | by ( Scott Olson | Getty Images | ) www.cnbc.com time to read: +10 min

Amgen is among the leaders of a pack of drugmakers racing to join the market with their own weight loss treatments. Amgen's drug, MariTide, is taken less frequently than Novo Nordisk's Wegovy and Eli Lilly's Zepbound, and may cause longer-lasting weight loss than the market leaders' injections. Novo Nordisk and Eli Lilly are also working on new weight loss drugs. The competition for a slice of the weight loss market has only grown more fierce in recent months. An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023.

Persons: NOVO.B, Scott Olson, Eli Lilly, Nordisk's Wegovy, Eli Lilly's Zepbound, Amgen, William Blair, Matt Phipps, Bob Bradley, Boehringer Ingelheim, Phipps, Zepbound, Chris Schott, MariTide, Mario Tama, he's, Eli Lilly drugs, CagriSema, Eli Lilly’s, Brendan McDermid, Boehringer, Ingelheim, survodutide, Pascal Soriot, Christopher Furlong, dealmaking, David Denton Organizations: New, Halstead Pharmacy, Getty, Novo Nordisk, Nordisk's, William Blair & Company, CNBC, Therapeutics, AstraZeneca, Zealand Pharma, MariTide, Reuters, GLP, Pfizer, Eccogene Locations: Chicago , Illinois, Novo, Amgen, Thousand Oaks , California, New York City, U.S, Zealand, Macclesfield

☆ Pentagon races to prop up Ukraine's hard-fighting 47th Mechanized Brigade that's exhausted, report says
▼ + stars: | 2024-05-05 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

The Pentagon plans to replenish the powerhouse brigade with Bradley fighting vehicles, Forbes said. AdvertisementUkraine's hard-fighting 47th Mechanized Brigade is battle-weary and urgently needs US support, Forbes reports. Trained by NATO instructors, the 47th Brigade all-volunteer unit is one of Ukraine's powerhouse brigades. Russia's 30th Motor Rifle Brigade took advantage of the rotational lapse as the 47th Brigade withdrew and attacked, capturing a large swathe of territory. AdvertisementBeyond material support and tactical adjustments, the 47th Brigade needs a reprieve from the relentless cycle of conflict.

Persons: Bradley, Forbes, —, Putin, Bradley IFVs, Bradley IFV, ince Organizations: Pentagon, Service, Mechanized Brigade, Forbes, NATO, 47th Brigade, M1, Bradley, Ministry of Defense, 47th Mechanized Brigade, ust Locations: Ukraine, Stepove, Avdiivka

☆ Graduations Are Flashpoints for Campus Protests: Latest Updates
▼ + stars: | 2024-05-05 | by ( Emily Cochrane | Yan Zhuang | ) www.nytimes.com time to read: +3 min

Pro-Palestinian protesters dismantled their encampment at Vassar College in Poughkeepsie, N.Y., on Saturday after reaching an agreement with the institution that requires administrators to review a divestment proposal. Student demonstrators pitched dozens of tents on Vassar’s campus, starting on Tuesday. The divestment language did not mention Israel or the war in the Gaza Strip, as the protesters had in their demands. The Vassar agreement is one of several in which student protesters have agreed to clear camps in exchange for commitments to discuss institutional investment policies around Israel. They said they would donate the roughly $7,000 they had raised since launching their encampment to families in Gaza, and redistribute any donated supplies to people and organizations in Poughkeepsie.

Persons: Elizabeth H, Bradley, Vassar, we’ve, “ Organizations: Vassar College, Student, Palestinian, Vassar, Hamas, Students for Justice, Israel Locations: Poughkeepsie, N.Y, Israel, Gaza, “, ”, Palestine

☆ This solar stock is poised for 50% upside as demand strengthens on data center surge, Goldman says
▼ + stars: | 2024-05-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

First Solar is poised for growth as demand continues to improve with surging electricity consumption from data centers acting as a catalyst for the manufacturer, according to Goldman Sachs. The firm raised its stock price target to $268 after First Solar reported another stronger quarter, which suggests the shares could log 50% upside from Wednesday's close of $177.58. First Solar CEO Mark Widmar told analysts during the company's earnings call that he is seeing a "meaningful increase in demand expectations driven in part by data center load growth." Apple , Google, Meta , and Microsoft are committed to carbon-free energy as they hyperscale data centers, Widmar said. "We'll be ready to go as quickly as possible," Widmar told analysts.

Persons: Goldman Sachs, Brian Lee, Morgan, Mark Strouse, Strouse, Wall, Mark Widmar, Widmar, Alexander Bradley Organizations: First, Google, Microsoft

☆ Citadel's stock-pickers lead the way in April — here's how hedge fund competitors fared
▼ + stars: | 2024-05-02 | by ( Bradley Saacks | Alex Morrell | ) www.businessinsider.com time to read: +1 min

Ken Griffin's $61 billion Citadel is leading multistrat funds in performance this year. The firm's flagship fund returned 2% in April, bringing 2024 gains to 7.8%. Firms such as Walleye, Millennium, and Schonfeld are also off to a strong start this year. Despite equity markets tumbling in April, Ken Griffin's teams of stockpickers helped lead his firm to a 2% return in its $61 billion flagship fund. A person close to Griffin's Citadel told Business Insider that Wellington's year-to-date returns rose to 7.8% following April's gains.

Persons: Ken Griffin's, stockpickers Organizations: Citadel, Walleye, Griffin's Citadel, Business Locations: Miami

☆ China hedge fund Pinpoint is bouncing back in 2024 after years of poor performance
▼ + stars: | 2024-05-02 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +2 min

Pinpoint Asset Management is a Hong Kong-based hedge fund with offices in Shanghai and Singapore. According to HSBC's Hedge Weekly report, the firm's China fund gained more than 2% through the first two weeks of April to bring its year-to-date returns to just under 8%. The firm's multi-strategy fund was up 1.8% for the month through April 15, to bring its 2024 gains to 6%. The China fund had a run of poor performance given the country's economic slowdown. The performance so far in 2024 has beaten out other funds focused on the region — Hedge Fund Research's China index was up just 0.43% through the end of March.

Persons: —, Wang Qiang Organizations: Service, HSBC's, HSBC, Citadel Locations: Hong Kong, Shanghai, Singapore, China, Asia

☆ Photos show Russia flaunting its war spoils, including a Howitzer, Leopard 2, Bradley, and other modern weapons from over a dozen NATO countries
▼ + stars: | 2024-05-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

Russia's monthlong open-air exhibition features more than 30 vehicles captured in the Ukraine war. Many of them are NATO-made, including the US Bradley and Abrams, as well as the German Leopard 2. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: Abrams, — Organizations: NATO, US Bradley, Service, Russia's International Workers, Business Locations: Ukraine, Russia

☆ Snapchat avoided 'AI' and leaned into real experiences in its annual pitch to brands
▼ + stars: | 2024-05-02 | by ( Dan Whateley | Sydney Bradley | ) www.businessinsider.com time to read: +6 min

During the Snap-owned app's pitch to brands at its NewFronts presentation on Wednesday in New York, the company emphasized the value of real-world experiences, or IRL, over social-media scrolling. Sharing became contrived, and social media as a whole began feeling like an inauthentic version of our lives rather than a source of genuine connection." It's plastered ads on competitive social media platforms and billboards with its "Less Social Media. Related storiesSnapchat executives mentioned AI just once during the NewFronts presentation, saying the company had used AI models to build augmented-reality lenses. Snap is not the only social platform addressing lonelinessSnapchat's war against social media taps into a broader trend.

Persons: —, Colleen DeCourcy, Cipriani, DeCourcy, TikTok, Dan Whateley, NewFront, Meta's, Mervana Parekh, Snapchat, Patrick Harris, Piper Sandler Organizations: Service, Facebook, Meta, Business, NFL, NBA, NBC, Entertainment, Media, Snap's, Acrew, Big Tech Locations: New York, Manhattan, Americas

☆ New photos show the US Army's latest version of the Bradley fighting vehicle that's proven itself in Ukraine
▼ + stars: | 2024-05-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewThe US Army has released photos of the newest and most advanced version of its Bradley infantry fighting vehicle, combat-proven armor that Ukraine has been using against Russia. AdvertisementThe new M2A4E1 Bradley infantry fighting vehicle. "The Army received funding to procure the M2A4E1 for every Bradley donated to Ukraine," the PEOGCS said this week. AdvertisementA M2 Bradley Infantry Fighting Vehicle drives during a live fire exercise at Fort Cavazos, Texas. The Bradley, initially built as a response to Soviet infantry fighting vehicles, entered service in the 1980s and was deployed to the Gulf War the following decade before being sent to Iraq in the 2000s.

Persons: —, Bradley, Bradley IFV, Elbit, Glenn Dean, It's, Washington, David Dumas, The Bradley Organizations: Service, US Army, Bradley, Russia, Army's, Business, Environmental Control Unit, Army, Israel's Elbit Systems, Breaking Defense, Abrams, Bradley Infantry Fighting, Spc, Army Ukrainian, US Locations: Ukraine, Maine, Maj, Kyiv, Fort Cavazos , Texas, The, Iraq

☆ My dad died when I was 14. I'm jealous of all the people who got to spend more time with him.
▼ + stars: | 2024-05-01 | by ( Jordyn Bradley | ) www.businessinsider.com time to read: +1 min

My dad adopted me when I was 4, but to me he was always my father. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. My dad adopted me on April 27, 2004, when I was 4. But one of the things they don't teach in the Dead Dad Club™ is that as kids of deceased parents, we have to deal with the fact that we might not have been around for the majority of these memories. This story is available exclusively to Business Insider subscribers.

Persons: —, He's, ™ Organizations: Service, Dad, Business

☆ New VC fund 'Intuition' plans to invest $16 million in consumer startups. Here are the details.
▼ + stars: | 2024-04-30 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +1 min

Hugo Amsellem and Etienne Boutan are launching Intuition, a VC fund eyeing consumer startups. The €15 million (about $16 million) fund will invest in early-stage consumer startups in Europe and the US. Intuition plans to host a "Consumer Tour" to connect founders and investors across seven cities. Hugo Amsellem and Etienne Boutan, two French investors behind the new VC fund Intuition, are on the hunt for "slightly delusional" consumer tech founders. "When you're a consumer founder, you're trying to target millions of users, and you're trying to provide them something that they don't know that they want yet," Amsellem, a former founder himself and startup advisor, told Business Insider.

Persons: Hugo Amsellem, Etienne Boutan Organizations: Business Locations: Europe

☆ Cyberattack on UnitedHealth firm forces doctors to dig into personal savings to stay afloat
▼ + stars: | 2024-04-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +19 min

Change Healthcare offers payment and revenue cycle management tools, and other solutions such as electronic prescription software. On Feb. 21, UnitedHealth Group , which owns Change Healthcare, discovered that hackers compromised part of the unit's information technology systems. UnitedHealth told CNBC earlier this month that there is "no evidence of any new cyber incident at Change Healthcare." It's just one of the ways Change Healthcare touches cash flow within the health-care sector. A controversial mergerSheldon Cooper | Sopa Images | Lightrocket | Getty ImagesUnitedHealth's ownership of Change Healthcare has raised eyebrows from the outset.

Persons: Omar Marques, Dr, Angeli Maun Akey, Akey, she's, UnitedHealth, I've, Andrew, Mike Bradley, Barbara McAneny, McAneny, Sarah Carlson, Carlson, Sheldon Cooper, Optum, Michael Nagle, Tyler Kisling, Kisling, he's, There's, it's, Purvi, Parikh hadn't, they've, Amit Phull, Phull, Igor Golovniov Organizations: Lightrocket, CNBC, Healthcare, UnitedHealth, U.S . Securities, Exchange Commission, Change, Inc, Bloomberg, Getty, U.S, American Medical Association, AMA, U.S . Department of Justice, DOJ, U.S . Department of Health, Human Services, Wall Street, New York Stock Exchange, Change Healthcare Locations: Gainesville , Florida, U.S, Minnetonka , Minnesota, UnitedHealth's, New Mexico, Boulder , Colorado, California, New York City, UnitedHealth

☆ Biden administration faces onslaught of lawsuits as business groups claim regulatory overreach
▼ + stars: | 2024-04-29 | by ( Megan Cassella | In | ) www.cnbc.com time to read: +2 min

They argued that the FTC lacked the authority to impose it in the first place. The playbook is becoming a familiar one: The Biden administration finalizes a new rule regulating business, and the Chamber and industry lobbying groups immediately sue to stop it by arguing that the agency has overstepped its authority. So far this year, the administration has finalized seven rules, addressing everything from independent contractors to credit card late fees and climate disclosure requirements, only to see them met with near-immediate lawsuits by the Chamber and other groups. Officials at both the Chamber and ABA emphasize that litigation is always a last resort. But they see it as a necessary step when agencies issue regulations that go outside the scope of their authority.

Persons: WASHINGTON, Biden, finalizes, Joe Biden's, Trump, Obama's, It's, Neil Bradley Organizations: Federal Trade Commission, U.S . Chamber of Commerce, FTC, Chamber, American Bankers Association, ABA, CNBC Locations: U.S, Washington

☆ Inside the investing strategy of Hunterbrook Capital, the news-driven hedge fund. Can it succeed in a ruthless industry?
▼ + stars: | 2024-04-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

Small team, limited scopeThe hedge fund makes trades based solely on news from Hunterbrook Media, its media sister company, sometimes getting advanced copies of the articles and placing trades before publication. AdvertisementThe hedge fund, however, has just one sole full-time employee. Before a story is published on Hunterbrook Media, the firm's general counsel reviews it to make sure there's not any insider information — such as leaked earning figures — in it. AdvertisementIf the general counsel and the executives green light the story to be shared, then it goes to the hedge fund — in other words, Dunlevie and Horwitz — prepublication. Opportunities few and far between so farInvestigations from Hunterbrook Media so far have less than a 50% hit rate on turning into trades for the hedge fund.

Persons: —, Nate Anderson's Hindenburg, Carl Icahn's, Nathaniel Horwitz, Matt Murray, Paul Steiger, Bethany McLean, That's, Courtney Dunlevie, Horwitz, Sam Koppelman, Brian Koppelman, Dunlevie, Horwitz — prepublication, isn't, It's Horwitz, Matt, Pulitzer, Tony Horwitz, Geraldine Brooks, Cash, Hunterbrook, Marc Lasry, David Fialkow, Matt Cherwin, we're, " Horwitz Organizations: Service, Business, Hunterbrook, Hunterbrook Media, Wall Street, Barclays, Commonstock, Phoenix Suns, Avenue Capital, Catalyst, JPMorgan Locations: Italian, Korean, Brazil

☆ Influencer-marketing startup Grin has laid off staffers in a new round of cuts
▼ + stars: | 2024-04-25 | by ( Amanda Perelli | Sydney Bradley | ) www.businessinsider.com time to read: +2 min

The influencer-marketing platform Grin has laid off "many" staffers — in the company's third round of layoffs in recent months — a spokesperson confirmed to Business Insider. As the company grew, "a distance also grew" between the platform and its customers, the Grin spokesperson said in a statement. First, in November 2022, the company laid off 60 staffers, mostly in Grin's sales department, the company confirmed to BI at the time. Then, in March 2023, the company laid off several staffers across multiple departments, sources close to the company told Business Insider. The impacted staffers in this latest round of cuts will receive a three-month severance package and extended healthcare benefits, the Grin spokesperson said.

Persons: —, Grin, Brandon Brown Organizations: Business, Red, BI Locations: France

☆ Donna Kelce shares that Travis Kelce and Taylor Swift double dated with Bradley Cooper and Gigi Hadid
▼ + stars: | 2024-04-25 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Mama Kelce is loving Taylor Swift’s new album. Donna Kelce, mother to Swift’s boyfriend Travis Kelce as well as Jason Kelce, was a part of QVC’s Age of Possibility summit held in Las Vegas, Nevada this week. “Didn’t stay up till midnight [Swift dropped the new album last week at that time], but I did listen to it,” Donna Kelce said. I really do.”Mama Kelce went on to say that Swift is, “very respectful,” “very generous.”“I really realy like her,” she said of Swift. The publication reported Kelce learned that Bradley Cooper and his mother, Gloria, would also be attending the QVC event after Travis Kelce texted her a picture of him and Swift enjoying a double date on the beach in Carmel, California with Cooper and model Gigi Hadid.

Persons: Kelce, Taylor, Donna Kelce, Travis Kelce, Jason Kelce, “ Didn’t, Swift, “, Mama Kelce, ” “, ”, Bradley Cooper, Gloria, Cooper, Gigi Hadid, Hadid Organizations: CNN, YouTube, Poets Department, People, QVC Locations: Las Vegas , Nevada, Carmel , California

☆ New data reveals the top ways influencers get brand deals, how long they last, and how many are needed to make a living
▼ + stars: | 2024-04-24 | by ( Marta Biino | Sydney Bradley | ) www.businessinsider.com time to read: +4 min

Read previewInfluencers secure brand deals in many ways — some go right to the DMs of brands or even use Slack, while others rely heavily on talent managers or agents. AdvertisementNearly 55% of respondents listed social-media marketplaces as one of the three primary sources they use to secure brand deals. The data, however, does not account for the types of brand deals creators would require. For instance, some brand deals could be multi-channel sponsorships, while others could be affiliate links — which can vary in pay. Most creators said their partnerships with brands last a monthAbout 31% of creators reported that their brand deals typically last one month.

Persons: —, Qianna Smith Bruneteau, We're, Smith Bruneteau, that's Organizations: Service, American Influencer Council, Business, AIC, influencer, LinkedIn

☆ FTC bans employers from using noncompete clauses
▼ + stars: | 2024-04-23 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

New York CNN —The Federal Trade Commission on Tuesday voted to ban for-profit US employers from making employees sign agreements with noncompete clauses. And – with one exception – it makes currently existing noncompete agreements unenforceable after the rule’s effective date, which is set at 120 days from the rule’s publication in the Federal Register. The rule, however, does allow currently existing noncompete agreements for senior executives to remain in force. The ban would apply nationwide, overriding state laws regarding noncompete agreements. In December of last year, New York State Governor Kathleen Hochul vetoed a bill passed by the state legislature to completely ban noncompete agreements in that state.

Persons: Joe Biden, “ won’t, ”, Stefanie Camfield, Daryl Joseffer, “, ” Joseffer, Neil Bradley, Kathleen Hochul, Anne Clark, Vladeck, Raskin, Clark P.C, Amanda Wait, DLA Piper, Clark Organizations: New, New York CNN, Federal Trade Commission, FTC, of Commerce, Federal Register, Washington , D.C, Engage, Chamber’s Litigation, New York Locations: New York, California, North Dakota, Oklahoma, Washington ,, Colorado , Maryland , Oregon, Rhode

☆ New US military aid package to Ukraine expected to be worth around $1 billion
▼ + stars: | 2024-04-23 | by ( Natasha Bertrand | Alex Marquardt | ) edition.cnn.com time to read: +4 min

CNN —The Biden administration is preparing a new aid package for Ukraine that is expected to be worth around $1 billion, multiple sources familiar with the matter told CNN, and is set to be approved by President Joe Biden after the Senate passes a new foreign aid funding bill as soon as Tuesday afternoon. In briefings to Congress in recent weeks, administration officials have indicated that the US will likely send Ukraine long-range ATACMS, or Army Tactical Missile Systems, for the first time as part of the new aid package, three of the sources said. Ukrainian officials have been asking the US both in private and in public for the long-range missile to target deeper behind Russian lines. Broadly, Russia has maintained a “significant quantitative advantage” over Ukraine in terms of munitions, manpower and equipment, a NATO official said earlier this month. The military aid will be sourced from the US’ own stockpiles through a funding mechanism known as presidential drawdown authority, or PDA, and will be the first PDA package for Ukraine since March.

Persons: CNN —, Biden, Joe Biden, Bill Burns, Chris Cavoli, Sen, Mark Warner, we’ve, ” Warner, Bradley, ” Celeste Wallander Organizations: CNN, Senate, Army Tactical Missile Systems, US, CIA, NATO, Senate Intelligence, CBS, Pentagon, White, Command Locations: Ukraine, Moscow, Europe, Russia

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