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☆ Wall Street advisors are flocking to this small law firm to claw back pay from wealth giants like Morgan Stanley and Merrill Lynch
▼ + stars: | 2024-05-21 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

For Ajamie LLP, a Houston law firm with 11 attorneys, taking on banks with billion-dollar war chests is becoming a booming business. This ruling was used by a lawyer on another case, Ohio-based Alan Rosca, to secure a $3 million judgment against Morgan Stanley on March 25. He said he has been contacted by advisors hailing from "really any financial firm that offers deferred compensation to financial advisors." During that suit, Ajamie was contacted by Matt Shafer, the lead plaintiff in the Morgan Stanley case. The Morgan Stanley suit inspired Kelly Milligan, now the named plaintiff in the Merrill Lynch class action, to reach out.

Persons: —, Jack Edwards, Edwards, Morgan Stanley, Morgan Stanley's, Alan Rosca, Merrill Lynch, Sen, Ted Cruz, Wells Fargo, Wells, Ajamie, Matt Shafer, Kelly Milligan, It's Organizations: Service, Ajamie LLP, Business, University of Virginia School of Law, Big Law, RBC Capital Markets, Financial Industry Regulatory Authority Locations: Houston, Ohio, Ajamie, Texas, Carolina

☆ Why I Quit Goldman Sachs' Rigid, Male-Dominated Culture
▼ + stars: | 2024-05-21 | by ( Lindsay Macmillan | ) www.businessinsider.com time to read: +11 min

The lack of female leadership in the financial industry is nothing new, but many companies have been making strides. But as I watch senior women continue their exodus from Goldman, I'm not sure the company actually wants to change. While many companies have modernized to embrace hybrid and remote work, Goldman has not. Rather than changing its "be in the office every day and grind it out" culture to better suit women, Goldman puts the onus on us to change ourselves to fit the model. But Goldman leadership seems to want the benefits of gender diversity without the hard work of supporting diverse leadership styles.

Persons: Goldman Sachs, —, Dina Powell McCormick, Beth Hammack, Stephanie Cohen, Goldman, I'd, It's, it's, Morgan Stanley, Jamie Dimon, David Solomon, I'm, hadn't, Julia Boorstin, — Goldman, I've, she's, Asahi Pompey, Yassaman Salas, Rebecca Anderton, Davies, Lindsay MacMillan Organizations: Street Journal, Goldman, Citi, JPMorgan, International Workplace, McKinsey, LinkedIn, CNBC, Deloitte, Asahi Locations: Canada, London, New York

☆ Trump’s new trade war would cost middle-class families at least $1,700 a year, report warns
▼ + stars: | 2024-05-21 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

New York CNN —Former President Donald Trump’s trade agenda amounts to a tripling-down of the trade war he waged during his first term in office. That’s nearly five times the total cost as a share of GDP from the 2018-2019 US-China trade war. Trump’s tariff proposals would cost the typical middle-income household at least $1,700 a year, the researchers found. Those aren’t comparable numbers,” Clausing said, referring to the amount of imports targeted by Biden and by Trump tariffs. Likewise, the US International Trade Commission found in a 2023 study that US importers “bore nearly the full cost” of tariffs.

Persons: Donald Trump’s, Trump, That’s, Kimberly Clausing, Mary Lovely, Clausing, aren’t, ”, Joe Biden, “, Biden, ” Biden hasn’t, Janet Yellen, ” Yellen, ” Clausing, Karoline Leavitt, ’, Bidenomics, ” Leavitt, Leavitt, Moody’s, Mark Zandi, ” Goldman Sachs, ” ‘, ” Chris Krueger Organizations: New, New York CNN, Trump, Peterson Institute for International Economics, Peterson Institute, UCLA School of Law, CNN, ” Biden, Biden, Treasury Department, US International Trade Commission, “, Cowen’s Washington Research Group Locations: New York, China, Frankfurt, Germany, Europe, United States, U.S, Washington

☆ Trump allied Republicans are changing the GOP's approach to labor, free markets and regulation
▼ + stars: | 2024-05-21 | by ( Eamon Javers | ) www.cnbc.com time to read: +9 min

WASHINGTON — The first Trump presidency shattered conservative economic ideology on the Republican Party's approach to free markets and tariffs. Source: AmericanCompass.org To be clear, this is not yet the dominant strain of Republican economic thinking in Washington. Cass argues that Republican economic policy has been focused on the wrong goals: lowering prices and increasing consumption. "It was absolutely black letter economic doctrine that the point of economic policy was to consume as much as possible. watch now"Spinning assets in circles creates nothing of value, and in fact creates the opposite of value," Cass said.

Persons: Donald Trump, Brendan Mcdermid, Eamon Javers, WASHINGTON —, Trump, Trump's, Sohrab Ahmari, Ahmari, elitists, Bud Light, Oren Cass, Cass, Michael Wayland, CNBC Cass, –, Biden, Pennsylvania Republican Sen, Pat Toomey Organizations: Reuters, WASHINGTON, Trump, Republican, GOP, Wall Street, Amazon, Starbucks, U.S . Chamber of Commerce, Block, Development Bank, Environmental, American, Bronco, Ford's, Ford's Michigan Assembly, CNBC, Wall, Pennsylvania Republican Locations: Freeland , Michigan, U.S, America, Washington, China, Block, Ford's Michigan, Cass, Pennsylvania

☆ How Free School Meals Went Mainstream
▼ + stars: | 2024-05-21 | by ( Susan Shain | ) www.nytimes.com time to read: +1 min

At those schools, all students get free breakfast and lunch, regardless of their family’s income. “We’ve done a lot of good things to feed kids here in Butte,” Mr. Marthaller said. But introducing universal free meals, he added, was “probably the best thing we ever did.”Advocates for free school meals have pushed for them to be offered to every student for a long time, but saw significant progress in the last decade and a half. Their first big win came quietly, in 2010, when Congress passed an under-the-radar policy called the community eligibility provision, which made it easier for schools to serve free meals to all. Then, during the Covid-19 pandemic, the federal government let every public school student eat for free, rapidly transforming the nation’s thinking around school meals.

Persons: Kurt Marthaller, fuming, “, ” Mr, Marthaller Locations: Butte, Mont

☆ Nickelodeon star Danny Tamberelli on how his growing up both on set and off has shaped his parenting
▼ + stars: | 2024-05-21 | by ( Kelly Burch | ) www.businessinsider.com time to read: +6 min

Read previewRecently Danny Tamberelli was dropping his 4-year-old son Alfie off at preschool when one of the teachers pulled him aside. Yet Tamberelli's mom had taught him to always engage with fans, asking them about themselves and forming a genuine connection. AdvertisementCourtesy of Danny Tamberelli"I want to teach my children about fame through communication," Tamberelli said. Tamberelli's mom was always on set with himMost recently, Tamberelli has done that by indulging in the nostalgia that his fellow 90s kids love so much. Tamberelli declined to comment on the film but said his mother was always a protective force on set.

Persons: —, Danny Tamberelli, Alfie, She'd, Arnold, Tamberelli, he'll, he's, Penelope, There's, Kate, Peter Detweiler, Tamberelli's, that's, Little Pete, Danny Organizations: Service, School, Business, Ducks, Con, Hollywood

☆ Microsoft announces new PCs with AI chips from Qualcomm
▼ + stars: | 2024-05-20 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Copilot+ PCs with AMD and Intel chips will follow, Microsoft said during a press keynote address on its campus in Redmond, Washington. AI models will be able to generate images based on written descriptions as well as drawings. Microsoft is banking on Qualcomm's energy-efficient Arm -based chips that can handle AI models to defend its Windows franchise. The new PCs can run some AI models locally without an internet connection. Microsoft has had little success in getting people to adopt Arm-based Windows computers, which haven't always performed as well as PCs running Intel or AMD chips.

Persons: Satya Nadella, Snapdragon, haven't, Morgan Stanley Organizations: Microsoft Corp, Microsoft, Windows, Qualcomm, Lenovo, Dell, HP, Asus, Acer, Samsung, AMD, Intel, Apple Locations: Jakarta, Indonesia, Redmond , Washington

☆ Why BORG drinks are dangerous for you
▼ + stars: | 2024-05-20 | by ( Terry Ward | ) edition.cnn.com time to read: +6 min

CNN —If you’ve been to a party lately and haven’t seen someone drinking a BORG, you’re likely not partying with college students. As the drink’s name suggests, “it’s intended to get you extremely drunk.”What Lembke calls the BORG’s “social contagion factor” makes it even more dangerous. BORG posts starring gallon jugs with punny names such as Captain Borgan, Our Borg and Savior, Borgan Donor and Borgan Wallen proliferate on TikTok. Thinking along those lines is part of what makes BORGs potentially dangerous to the people turning to them as a party drink, Lembke said. The fact that BORGS are usually sweetened with a diluting agent such as electrolyte drinks or water flavor enhancers only makes them more dangerous, she said.

Persons: you’ve, haven’t, you’re, BORG, ”, Anna Lembke, Sabrina Grimaldi, ” Grimaldi, “ it’s, “, Grimaldi, Kelly Xiong, Zers, Kelly, ” Xiong, Virginia, Borgan, Borg, Lembke, ” Lembke, It’s, who’s, Terry Ward Organizations: CNN, Capital Poison Center, Stanford University in, University of Pittsburgh, University of Massachusetts Amherst, National Institutes of Health, NIH Locations: Washington ,, Stanford University in California, millennials, Virginia, Tampa , Florida, United States, ” Florida, Tampa

☆ Here's how much money you need to make to be middle class in each US state
▼ + stars: | 2024-05-20 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

A Business Insider analysis of US Census Bureau data reveals that while 52.7% of Utah's population falls in the middle class, just 42.3% of New Yorkers are middle class. Pew Research Center defines being middle class as earning between two-thirds and double each state's median income. Still, the median income per state can be as high as $101,000 and as low as $52,700, meaning that being middle class in one state could be either lower or upper class in another state. Many on the lower end of the middle class are particularly worried about having enough to meet all their daily needs while also saving for retirement. Do you feel middle class?

Persons: — Organizations: Service, Pew Research, Business, Census Locations: In Texas, Minnesota, Utah , Idaho, Alaska, States, Delaware , Wisconsin, Wyoming, Midwest, New York , Louisiana, Massachusetts, New Jersey , Maryland, New Hampshire, . New York , California , Connecticut, Virginia, Alaska , Utah, Idaho, Washington , DC . Mississippi, West Virginia, . New York, Massachusetts , Montana, Hawaii, Colorado, nsheidlower@businessinsider.com

☆ I upgraded to first class on Amtrak. Here are 12 things that surprised me about the trip.
▼ + stars: | 2024-05-20 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

I took a first-class train trip on an Amtrak Acela for the first time in 2022. Some things surprised me about the cabin, like the abundance of drink options yet limited food. AdvertisementIn 2022, I booked a first-class ticket on an Amtrak Acela train traveling from New York City to Baltimore. It was my first time in first class on an Amtrak train. From booking my ticket to taking the journey, several things surprised me about the two-and-a-half-hour trip, and I ultimately thought the perks weren't worth the higher price tag.

Persons: — Organizations: Amtrak Acela, Service, Amtrak, Metropolitan, Penn Locations: New York City, Baltimore

☆ OpenAI puts flirty ChatGPT voice that sounds like ScarJo in ‘Her’ on hold
▼ + stars: | 2024-05-20 | by ( Brian Fung | Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —OpenAI says it’s hitting the pause button on a synthetic voice released with an update to ChatGPT that prompted comparisons with a fictional voice assistant portrayed in the quasi-dystopian film “Her” by actor Scarlett Johansson. “We’ve heard questions about how we chose the voices in ChatGPT, especially Sky,” OpenAI said in a post on X Monday. A spokesperson for the company said that structure would help OpenAI better achieve its safety objectives. OpenAI President Greg Brockman responded in a longer post on Saturday, which was signed with both his name and Altman’s, laying out the company’s approach to long-term AI safety. “We have raised awareness of the risks and opportunities of AGI so that the world can better prepare for it,” Brockman said.

Persons: New York CNN — OpenAI, Scarlett Johansson, OpenAI, “ We’ve, ” OpenAI, “, Desi Lydic, ”, ” Lydic, Joaquin Phoenix, Everett, Sam Altman, Johansson, Jan Leike, Ilya Sutskever, Altman, Leike, Greg Brockman, ” Brockman Organizations: New, New York CNN, Daily, Warner Bros ., White, CNN Locations: New York, ChatGPT, OpenAI

☆ Palo Alto Networks tumbles on earnings once again. It's another chance to buy the cyber stock
▼ + stars: | 2024-05-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

Another earnings report, another sell-off in extended trading for Palo Alto Networks . Palo Alto Networks Why we own it: We believe cybersecurity is a secular growth market as bad actors are relentless and companies simply cannot afford to not invest in defense. We believe Palo Alto Networks, in particular, is uniquely positioned to win due to its best-in-class tools and broad product portfolio that allows it to provide an all-encompassing "platform" solution to cybersecurity. This transaction was the largest in the history of Palo Alto Networks at nearly $150 million" of total contract value. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

Persons: —, Nikesh, billings, we'd, Arora, I'm, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Palo Alto Networks, Revenue, LSEG, billings, Palo Alto, Alto Networks, Cisco Systems, Billings, Palo, Healthcare, CNBC, Bloomberg, Getty Locations: Palo, billings, Palo Alto, Santa Clara , California, U.S

☆ Class of 2024: How’s your job search going?
▼ + stars: | 2024-05-20 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +1 min

New York CNN —By many measures, the US economy is in great shape. There are millions of job openings and the unemployment rate is low. That may include the onset of the pandemic, the Great Recession or any time the job market looked worse on paper than it does now. That’s why CNN wants to hear from the class of 2024 about your job searches, for possible inclusion in an upcoming story. We will not include anything in an upcoming article without first reaching out to you and interviewing you.

Persons: there’s Organizations: New, New York CNN, CNN Locations: New York

☆ It's shaping up to be a tough summer for the stock market, but Nvidia could help salvage things
▼ + stars: | 2024-05-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we examine how this summer is shaping up to be tough for the stock market . Stocks are on track to either remain flat or turn negative going forward , according to two market vets Jennifer spoke to. The pessimism about stocks' future is due to a few factors. Some Nvidia employees are considered to be millionaires SOPA ImagesThere is, however, one company that could salvage things: Nvidia. As the key chipmaker in the space, a win for Nvidia is a win for everyone betting on AI being the future.

Persons: —, Jenny Chang, Rodriguez, Jennifer Sor, Stocks, Jennifer, It's, Jerome Powell, BI's Linette Lopez, Warren Buffett Scott Morgan, Warren, Berkshire Hathaway, Goldman Sachs, Michael Burry, John Paulson, Alyssa Powell, Gen Zers, Instagram, Vincent Sandoval, Getty, Henrik Sorensen, Tyler Le, Larry Ellison, it's, aren't, Cash, Bill Lee, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, New York Knicks, NBA, Business, Getty, Fidelity, Hamptons, Nvidia, Reuters, Berkshire, JPMorgan, Meta, Sciences, Apple, The Locations: Montauk, Berkshire, New York, London

☆ Gold earring found in burned Iron Age village may reveal ‘moment in time,’ archaeologists say
▼ + stars: | 2024-05-20 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +7 min

The inferno consumed the wooden structure, situated in an Iron Age settlement, killing six animals penned in the stable. The presence of a horse in the stable suggested that these people were wealthier than some of their neighbors, Olesti Vila said. The site provides important insights into the daily lives of Iberian Iron Age populations in the Pyrenees at this pivotal time in history, Arnold said in an email. During the Iron Age, when people lived in wooden homes heated by fires, buildings often accidentally burned. “This is also an indication of some kind of conflict or some kind of violent aggression,” Olesti Vila said.

Persons: Oriol Olesti Vila, Baltarga, Francesc Riart, Olesti Vila, “, weren’t, ”, Bettina Arnold, Arnold, ” Arnold, ” Mindy Weisberger Organizations: CNN, Autonomous University of Barcelona, University of Wisconsin -, Scientific Locations: Iberia, Spain, Tossal, Baltarga, Iron, Hannibal, Roman Republic, University of Wisconsin - Milwaukee, Pyrenees, “, Europe

☆ United Airlines flight with 157 passengers got diverted to Ireland after a laptop became stuck in a business-class seat
▼ + stars: | 2024-05-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

A United Airlines flight was 500 miles over the Atlantic Ocean when it turned around. A passenger's laptop became stuck in their business class seat, Paddle Your Own Kanoo reported. The 157 passengers had to stay overnight in Ireland because the flight crew timed out. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA transatlantic United Airlines flight had to turn around after a business class passenger's laptop got stuck in their seat, travel news site Paddle Your Own Kanoo reported.

Persons: — Organizations: United Airlines, Service, Boeing, Business Locations: Ireland, Zurich, Chicago, Shannon

☆ He fell in love with Thailand while traveling in his 20s. Now 40, he's back and has built his dream 'James Bond' luxury villa.
▼ + stars: | 2024-05-20 | by ( Amanda Goh | ) www.businessinsider.com time to read: +6 min

Read previewThe first time Johnny Ward went to Chiang Mai, Thailand, he was 22. Johnny Ward on a scooter in front of his house in Chiang Mai, Thailand. But after traveling the world, Ward realized that Chiang Mai still had his heart. Johnny Ward/onestepforwardWard said he spent 13 million Thai baht building the home and another 3.5 million Thai baht furnishing it, or about $460,000 in total. It would have been difficult for him to have all the things he wanted if he had bought an existing home in Chiang Mai, Ward said.

Persons: —, Johnny Ward, Chiang, Ward, Chiang Mai, James Bond, onestepforward, Jaa, he's, onestepforward Ward, hadn't, I'm, She's, it's Organizations: Service, Business, Homes, James Edition Locations: Chiang Mai, Thailand, Asia, Australia, Miami, Ibiza, Ireland, Homes Thailand, onestepforward

☆ How Biden is winning over corporate America behind closed doors
▼ + stars: | 2024-05-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden departs the White House in Washington, U.S., for a campaign fundraiser in California, May 9, 2024. President Joe Biden has had it out for corporate America for much of his term. This kind of rhetoric has left some in the corporate community with a sour taste. In response, the business community has repeatedly sued the Biden administration for its regulatory action. "Rich special interests are pushing back to protect their abuses and junk fees," Bates added in the Monday memo, nodding to those lawsuits.

Persons: Joe Biden, Biden, Andrew Bates, Neil Bradley, Bates Organizations: America, Big Pharma, U.S . Chamber of Commerce, CNBC, Commerce, Federal Trade Commission Locations: Washington , U.S, California

☆ An artist reckons with the dangerous power of advertising and iconography
▼ + stars: | 2024-05-20 | by ( Abigail Glasgow | ) edition.cnn.com time to read: +8 min

The artist Hank Willis Thomas is pointing to one of the images: of two well-dressed, neatly coiffed men standing atop a cliff. "She's Somewhat of a Drag," a 1959 advertisement Thomas repurposed in his series "Unbranded: A Century of White Women." Across his work, Thomas reframes iconic and mundane imagery to connect viewers to historical moments of resistance and reshape our understanding of who counts in society. Here, a pro-football player appears to face off with an enslaved cotton picker, in Thomas' work "From Cain't See in the Mornin' Til Cain't See at Night." His body of work work reflects the observation — and, perhaps, a warning — that we have moved toward “existing in a society of branded consciousness."

Persons: Hank Willis Thomas, Thomas, Aaron Wessling, Jordan, “, Thomas ’, Drummond, —, ” Thomas, mascara, Jordan Schnitzer, ” Schnitzer, ” Thomas ’, Thomas reframes, Barack Obama, ”, “ I’ve, doesn’t Organizations: CNN, Art, White, White Women, Family, Cotton, Corporate America, Civil Rights, American Express Locations: ”, Oregon, United States, Gorée

☆ An Ohio power company wants data centers to pay their fair share of electricity use as demand surges amid the AI boom
▼ + stars: | 2024-05-20 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +5 min

In a filing on Monday, AEP Ohio asked the state's public utilities commission to approve its proposals to create a new customer class and a set of tariffs specifically for data centers. On the other hand, data centers have created roughly "less than one" full time job per megawatt of energy consumed, the filing said. AEP Ohio's new service queue has been paused since March while the company assesses its response to the 30,000 megawatts of requests from data centers. "We believe some of that queue is speculative, but we want the real customers and counterparties to commit to Ohio," Reitter said. AdvertisementSome states, including Ohio, have a statute that allows power companies and data centers to seek approval for agreements that give the data centers heavily discounted electricity.

Persons: —, Marc Reitter, Reitter, counterparties Organizations: Service, AEP Ohio, Business, American Electric, AEP, —, AEP Ohio's, ratepayers Locations: Ohio, Columbus , Ohio, New York

☆ US Navy warships in the Red Sea are fighting off missiles new to combat that are 'way faster' than anything else, destroyer captain says
▼ + stars: | 2024-05-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Since then, the Iran-backed rebels have fired dozens of anti-ship ballistic missiles into the Red Sea and Gulf of Aden. An anti-ship ballistic missile "is just way faster than anything else, Cmdr. Jeremy Robertson, captain of the guided-missile destroyer USS Carney, told reporters during a media event on Monday. The Houthis maintain a sizable arsenal of anti-ship ballistic missiles, according to an analysis by the the International Institute for Strategic Studies think tank. US Navy guided-missile destroyer USS Carney defeats a combination of Houthi missiles and drones in the Red Sea on October 19, 2023.

Persons: —, Jeremy Robertson, Carney, MCS2 Aaron Lau, Robertson, we've, Dwight D, Eisenhower, Petty, Bill Dodge, The Carney, Lisa Franchetti, Franchetti Organizations: Service, Navy, Business, US Navy, International Institute for Strategic Studies, Central Command, AP, Israel, Naval, Fleet Locations: American, Iran, Gulf of Aden, Suez, Yemen, Tehran, Washington, Pacific, China, Souda Bay, Greece, Mayport , Florida

☆ Target is cutting prices on up to 5,000 items to lure back inflation-wary shoppers
▼ + stars: | 2024-05-20 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Target has slashed prices on more than 1,500 popular items beginning immediately, ranging from butter to laundry detergent, as the retailer attempts to attract inflation-wary shoppers turned off by high prices. Prices have dropped effective Monday, with “thousands more price cuts” — amounting to 5,000 items — being reduced over the summer, the retailer announced. Retail sales growth has taken a hit because of high prices: Last month, retail sales were unchanged from March, when spending increased by a downwardly revised 0.6%, the Commerce Department recently reported. By comparison, a year ago, retail sales surged by 3%. In response, Target recently created a new house brand called Dealworthy to take on dollar stores and Walmart.

Persons: Sarah Wyeth Organizations: New, New York CNN — Target, Ikea, Aldi, Shoppers, CNN, Commerce Department, Target, Walmart Locations: New York

☆ Creating an income-producing portfolio
▼ + stars: | 2024-05-20 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

A lot goes into creating and managing an income-producing portfolio that works for you. Knowing your expenses will give you a good sense of the income you’ll need. Ways to generate incomeTake the income you think you’ll need and subtract from that the income you expect. For example, if you need $65,000 a year but will only bring in $40,000, you’ll need to generate the other $25,000. • For money you’ll need in three to five years, use short-term corporate bonds as well as longer-term CDs.

Persons: it’s, Will, David Seufer, you’ll, Marguerita Cheng, ”, David Edmisten, Edmisten, Cheng, ” Seufer, “, ” Edmisten, Seufer, they’re, ” Cheng Organizations: New, New York CNN, Gravitas, Social Security, Blue, ” Capital, Social Locations: New York

Digital pharmacy startup Hims & Hers Health is introducing access to compounded GLP-1 weight loss injections, the company announced Monday. The company, which offers a range of direct-to-consumer treatments for conditions like erectile dysfunction and hair loss, launched a weight loss program in December. But GLP-1 medications — the class of drugs like Ozempic and Wegovy that have skyrocketed in popularity — were not previously offered as part of that program. Customers can access the compounded GLP-1 medications via a prescription from a licensed healthcare providers on the Hims & Hers platform. The company's oral medication kits start at $79 a month, and its compounded GLP-1 injections will start at $199 a month.

Persons: Andrew Dudum, Dudum Organizations: Novo Nordisk, FDA, U.S . Food, Drug Administration, CNBC, & $ Locations: U.S

☆ There’s more than one way to access this asset offering tax-free income. How to make the right choice
▼ + stars: | 2024-05-20 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Muni bonds are beloved by wealthy investors because they offer income that's free of federal taxes. Muni bond ETFs and mutual funds, meanwhile, don't have a definite maturity date and their price can fluctuate while the investor is holding them. Liquidity needs are also a major factor, with individual bonds potentially being hard to sell if an investor has a cash need. Since these funds offer a fixed number of shares, they trade at a discount or premium to their net asset value. Some of these funds hold municipal bonds and are trading at sharp discounts to their net asset value, potentially making them an attractive purchase.

Persons: Kathleen McNamara, there's, muni, he'll, Beth Foos, James Ritzema, Baird, Jon Browne Organizations: Federal Reserve, UBS, tradeoffs Investors, SEC, Investors, Morningstar, RiverNorth Locations: Americas, –

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