DIRS.INFO The most relevant business & tech news

CNN —Abortion rights are on the ballot Tuesday as Americans head to the polls for state and local races that will set the stage for next year’s presidential election. (Both oppose abortion rights.) Abortion (literally) on the ballot in OhioThe 2022 midterm elections showed that when abortion rights are on the ballot, voters overwhelmingly favored protecting or expanding access. This is the only abortion rights ballot initiative before voters this year. Though not explicitly on the ballot, abortion has featured prominently in the campaign, with Beshear arguing that Cameron will double down on the commonwealth’s already harsh restrictions.

Persons: Roe, Wade, Tate Reeves, Democrat Brandon Presley, Reeves ’ foibles, Elvis Presley, –, Former City Councilmember Cherelle Parker, Sheila Jackson Lee, Sen, John Whitmire, Gabe Amo, Republican Gerry Leonard, David Cicilline, Glenn Youngkin, Youngkin, He’s, he’s, what’s, don’t, hasn’t, Court’s Dobbs, Mike DeWine, —, Andy Beshear, Daniel Cameron, Beshear, Cameron, John Fetterman, Mehmet Oz, Daniel McCaffery, Max Baer, Carolyn Carluccio, Brett Favre, Brandon Presley, Presley, Reeves Organizations: CNN, Democrats, Republicans, Court, Democrat, Republican Gov, Former City, Republican, Democratic, Rep, House, Virginia Gov, Senate, Delegates, PAC, Kentucky, Kentucky Kentucky Gov, GOP, Trump, Beshear, Black Republican, Pennsylvania Democrats, NFL, Mississippi Public, Black, Southern Democrats, Southern Democrat, NJ Democrats, New York GOP, New Jersey Legislature, New York City Council Locations: Kentucky , Pennsylvania, Virginia, Ohio, Ohio –, Mississippi, Pennsylvania, New Jersey, New York, Philadelphia, Houston, Rhode Island, state’s, Richmond, Kentucky Kentucky, Kentucky, Southern, Presley . Mississippi, NY, Gotham

☆ McCormick wants the US to divest from China. As a hedge fund manager, he oversaw investments in Chinese companies grow more than a thousand-fold
▼ + stars: | 2023-11-04 | by ( Em Steck | ) edition.cnn.com time to read: +5 min

However, as the head of the world’s largest hedge fund, McCormick oversaw massive investments into US exchange traded Chinese companies and holdings, according to a CNN KFile review of the hedge fund’s holdings. I held deep reservations about Bridgewater’s exposure to the moral and patriotic hazards of doing business in China,” McCormick said in September 2023 before officially launching his campaign. That amounts to a 108,000% increase in Chinese holdings over a five-year period. In 2017, Bridgewater reported investing in just one US exchange traded Chinese company; by the final quarter of 2021, its holdings included 47 Chinese companies. McCormick’s hedge fund also held an additional $779 million indirectly in Chinese companies through their investments in exchange traded funds.

Persons: David McCormick’s, McCormick, ” McCormick, Hugh Hewitt’s, CNN’s KFile, Bush, Mehmet Oz, Oz, Democrat John Fetterman, Bridgewater, Elizabeth Gregory, “, he’s, Ray Dalio –, thievery ”, ” Organizations: New, New York CNN, US, CNN, CCP, Bridgewater Associates, US Securities and Exchange, Bridgewater, Republican Party, Republican, Democrat, Chinese Communist Party, US Commerce Department Locations: New York, Pennsylvania, hardliner, China, McCormick’s, United States, Xinjiang, ”

☆ Fetterman becomes first Democratic senator to demand Bob Menendez resign over corruption charges
▼ + stars: | 2023-09-23 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +2 min

Pennsylvania Democrat John Fetterman is calling on New Jersey Sen. Bob Menendez to resign. Fetterman said his colleague, facing corruption charges, shouldn't "wield influence" in the Senate. Menendez has resisted calls to step down, saying he is "not going anywhere." "Senator Menendez should resign," Fetterman wrote in a post on social media. Other leading Democrats have called for Menendez to leave Congress, including New Jersey Gov.

Persons: John Fetterman, New Jersey Sen, Bob Menendez, Fetterman, Menendez, Jersey Sen, corruptly, Andy Kim, Phil Murphy, Kevin McCarthy Organizations: New, Senate, Service, Democratic, , New, , New Jersey Rep, New Jersey Gov, Republican, Senate Foreign Relations Locations: New Jersey, Wall, Silicon, Jersey, Pennsylvania, ,, , New Jersey, Egypt

☆ Former Bridgewater CEO Dave McCormick would get big money backing for Pennsylvania U.S. Senate run
▼ + stars: | 2023-09-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

Dave McCormick, Republican U.S. Senate candidate from Pennsylvania , greets supporters during a campaign event with Sen. Ted Cruz, R-Texas, at Lehigh Valley Sporting Clays in Coplay, Pa., on Tuesday, January 25, 2022. The last time McCormick ran for Senate, his chief rival in the Republican primary was TV host Dr. Mehment Oz. Christian Ferry, who previously worked for Republican Sen. Lindsey Graham and late GOP Sen. John McCain, said, "Every cycle these totals continue to go up." McCormick has reportedly been promised the support of the Senate Leadership Fund, a super PAC aligned with Republican Senate Minority Leader Mitch McConnell of Kentucky. Burch paid approximately $16 million for the estate, according to Newsday.

Persons: Dave McCormick, Sen, Ted Cruz, Dave McCormick's, Tory Burch, McCormick, Goldman Sachs, Lloyd Blankfein, Steven Mnuchin, Gary Cohn, David Solomon, Bob Steel, Perella Weinberg, Mnuchin, Donald Trump, Cohn, Bob Casey, Paul Singer, Steve Schwarzman, Burch, Mnuchin Cohn, Singer, Schwarzman, Steel, Dave, agains Casey, Dina Powell McCormick, Dina, Democrat John Fetterman, Mehment Oz, OpenSecrets . Oz, Donald Trump . Oz, Casey, Oz, Alex Conant, Republican Sen, Marco Rubio, It's, Lindsey Graham, GOP Sen, John McCain, Mitch McConnell of Organizations: Republican U.S, Lehigh Valley, U.S, Senate, Bridgewater Associates, Democratic, Elliot Investment Management, Blackstone, CNBC, Steel, NBC News, Associated Press, McCormick, Keystone, Bush, Treasury, Pennsylvania Senate, Democrat, Republican, GOP, PAC, Bridgewater, Pennsylvania Democratic Party, Fund, Prosperity, that's, Koch Industries, Hamptons, Newsday Locations: Republican, Pennsylvania, Texas, Coplay, Pa, Connecticut, Pittsburgh, Trump, OpenSecrets ., Mitch McConnell of Kentucky, Southampton, Long, , New York, Palm Beach

HARRISBURG, Pa. (AP) — Republican David McCormick is expected to announce Thursday that he will enter Pennsylvania's U.S. Senate race and make his second bid for the office, this time to take on Democratic Sen. Bob Casey after losing in last year’s crowded Republican primary. McCormick's aides have sent invites to a “special announcement” by McCormick at the Heinz History Center in Pittsburgh at 5 p.m. McCormick, 58, was heavily recruited to run again by the party establishment and, thus far, has a clear GOP primary field. He is a stalwart of Pennsylvania’s Democratic Party — the son of a former two-term governor and Pennsylvania's longest-ever serving Democrat in the Senate. McCormick, who grew up near Bloomsburg, is the son of Pennsylvania’s first state university system chancellor.

Persons: David McCormick, Democratic Sen, Bob Casey, McCormick's, McCormick, Casey, West Virginia —, Republican Sen, Pat Toomey, Donald Trump, Mehmet Oz, John Fettermanbeat Oz, —, Joe Biden, Scranton . McCormick, Pennsylvania’s, George W, ___, Marc Levy Organizations: —, Pennsylvania's, Senate, Democratic, Republican, Heinz, Center, Associated Press, White, West Virginia, Democratic Party —, Star, FreeMarkets, Bridgewater Associates, Twitter Locations: HARRISBURG, Pa, Pennsylvania's U.S, Pittsburgh, Pennsylvania, — Montana , Ohio, West, Pennsylvania's, Scranton ., Bloomsburg, Connecticut

HARRISBURG, Pa. (AP) — Republicans trying to recapture the U.S. Senate majority have the candidate they want in Pennsylvania. Almost since the moment he lost last year's Senate GOP primary, McCormick has floated the possibility that he would again seek the party's nomination for the U.S. Senate, this time to challenge three-term Democratic Sen. Bob Casey. “At this point, if Dave McCormick doesn't run, it'll be the biggest head fake in Pennsylvania political history,” said Vince Galko, a Republican campaign strategist based in northeastern Pennsylvania. For a party that has struggled — both nationally and in Pennsylvania — with nominating polarizing and badly flawed candidates for Senate, some in Pennsylvania worry that another fringe candidate could capture the nomination and embarrass the party anew if McCormick doesn’t run. If McCormick doesn't run, some party officials worry about the caliber of available alternatives at this relatively late stage.

Persons: David McCormick, McCormick, Democratic Sen, Bob Casey, Dave McCormick doesn't, it'll, ”, Vince Galko, Donald Trump, Joe Biden, —, “, Rob Gleason, Mitch McConnell —, “ That’s, Sam DeMarco, Dave, Dave McCormick, he's, Mehmet Oz, Oz, Democrat John Fetterman, Biden, Casey, Trump, lustily, ” McCormick, ‘, Gleason, DeMarco, Linley Sanders, Marc Levy Organizations: —, U.S, Senate, GOP, U.S . Senate, Democratic, Republican, White, Labor, National Republican Senatorial Committee, Fund, McCormick, Allegheny County GOP, Republican Party of Pennsylvania, Trump, Democrat, Publicly, Associated Press, NORC, for Public Affairs Research, Trump Republicans, Twitter Locations: HARRISBURG, Pa, Pennsylvania, Allegheny County, U.S, Washington

WASHINGTON, March 13 (Reuters) - U.S. Senate Republican leader Mitch McConnell was released from a hospital and will continue receiving treatment at a rehabilitation facility, his office said on Monday after one of Washington's most powerful figures suffered a fall last week. His continued treatment means McConnell will not be present when the Senate returns to Washington on Tuesday. A senior Senate Republican aide suggested McConnell could be in rehab for up to two weeks. As Senate minority leader, McConnell has taken a back seat to Biden and Republican House Speaker Kevin McCarthy on the debt ceiling issue. McConnell served as Senate majority leader from 2015 to 2021 and as Senate minority leader since then.

☆ Top U.S. Senate Republican Mitch McConnell hospitalized after fall
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, March 9 (Reuters) - U.S. Senate Republican leader Mitch McConnell has been hospitalized after tripping and falling at a hotel in Washington on Wednesday, his spokesperson said in a statement. "This evening, Leader McConnell tripped at a local hotel during a private dinner. Currently serving his seventh term, which runs through 2026, McConnell is the third U.S. senator to be hospitalized in recent weeks. He served as the Senate majority leader from 2015 to 2021, and has been the Senate minority leader since then. Senate Republicans, by contrast, easily reelected McConnell.

☆ Job cuts, a sole CEO, and AI bets: How Bridgewater is shaking itself up after the Ray Dalio era
▼ + stars: | 2023-03-01 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +8 min

The firm's CEO, Nir Bar Dea, said in a memo that it would lay off employees and restructure. Bar Dea had been a rising star at Bridgewater, which has transitioned leadership in recent years. Former co-CEO Mark Bertolini is also stepping out of the role and returning to Bridgewater's board as an independent director, leaving Bar Dea as sole CEO. "Over time, we expect this platform to produce the next round of growth in the business," Bar Dea wrote. 'Finding a home'As far as high finance executives go, Bar Dea has an unexpected background.

☆ How Trump’s legacy became ‘pure poison’ for independents
▼ + stars: | 2022-12-06 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +16 min

Among female independents, Trump’s ratings were even worse: just 23% favorable and 72% unfavorable, according to previously unpublished exit poll results provided by the CNN polling unit. Trump’s unfavorable rating hit a comparable 69% among independents with at least a four-year college degree. That was a significantly smaller advantage than the double-digit lead among independents Democrats enjoyed in both the 2020 presidential race and the 2018 contest for the House. While Democrats held the presidency, Republicans won independents by double-digits in House elections in the midterms of 2014, 2010 and 1994. Gretchen Whitmer won 59% of the independents with degrees and 56% of women independents.

☆ The effort to ban members of Congress from trading stocks is mostly dead — at least for now
▼ + stars: | 2022-12-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +9 min

Time has largely run out in this Congress to ban lawmakers from trading stocks. On Monday, he told Insider in a statement that he would "keep pushing to get this debated on the floor and get it passed." Democratic senators formed a working group, with Senate Majority Leader Chuck Schumer's blessing, to draft legislation to ban stock trading among lawmakers. In the Senate, Democratic Sen. Elizabeth Warren of Massachusetts told Insider that it was "not yet" time to declare the effort dead, pointing to ongoing discussions. "I support a stock ban for members of Congress," he told reporters in September.

☆ Washington lawmakers hold on to crypto holdings despite calls for new laws in wake of FTX collapse
▼ + stars: | 2022-12-01 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

Another lawmaker, Republican Sen. Tommy Tuberville of Alabama, disclosed at a Senate Agriculture Committee hearing about FTX on Thursday that he, too, holds some crypto assets. Tuberville's most recent disclosure reports from this year reviewed by CNBC do not show any crypto stock purchases. Out of all ten offices contacted, only one said they sold their crypto stock holdings after FTX imploded. Rep. Marie Newman, D-Ill., who lost her bid for reelection owned crypto stock up until last week, recently sold her digital token stocks as the industry took a hit. Toomey told CNBC "HODL" when asked about whether he plans to sell his crypto stock following FTX's collapse.

☆ Trump's Senate candidate in Alaska lost to Lisa Murkowski, the latest in a string of failures for his endorsees
▼ + stars: | 2022-11-24 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

GOP Sen. Lisa Murkowski held onto her Senate seat in Alaska, despite opposition from Trump. Unlike most Senate races, the contest in Alaska was mainly fought between two Republicans — Murkowski and the Trump-backed candidate Kelly Tshibaka, who lost. But during the 2022 midterms several high-profile candidates that he backed lost their races. Former TV doctor Mehmet Oz, backed by Trump, narrowly lost his Senate race in the swing seat of Pennsylvania to progressive Democrat John Fetterman. Meanwhile, the fate of Herschel Walker, running for Georgia's Senate seat, is in the balance as the race heads to a runoff in December.

Those were among the driving questions leading up to the midterm elections about Latino voters. Latino voters have long had themes attached to them for elections. Greg Abbott, who declared he would get more than half of Texas' Hispanic vote, finished with 40 percent, 2 percent less than in his last election. That helped create a "bridge opportunity" with Latino voters, said Sanchez, also a University of New Mexico political science professor. George W. Bush was elected with 35% of the Latino vote and did even better in getting re-elected with 40% of the Latino vote.

☆ Fact Check-Most Democrat wins for U.S. Senate races were called by Nov. 9; Dems did not ‘only’ win in states with mail in voting
▼ + stars: | 2022-11-16 | by ( Reuters Fact Check | ) www.reuters.com time to read: +6 min

For the midterm election on Nov. 8, there were 35 states that had Senate races. Delays were seen in Arizona and Nevada, where the Senate races were called for Democrats on Nov. 11 and Nov. 12 respectively. All four projected Democrat wins for the Senate races on election night, after the polls closed. In Illinois and Maryland, known as “Solid Democratic” states, the Senate race was called on election day. Only two of 14 U.S. Senate races resulting in Democrat wins in states that allow mail-in voting were not called by Nov 9.

☆ Adam Laxalt concedes in Nevada race that tipped the balance of the Senate
▼ + stars: | 2022-11-15 | by ( Natasha Korecki | Natasha Korecki Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Adam Laxalt, the former Nevada attorney general who called the 2020 presidential election “rigged,” conceded his loss on Tuesday in a contest that tipped the balance of the Senate to Democrats. The concession comes days after multiple news outlets on Saturday, including NBC News, had declared his opponent, Sen. Catherine Cortez Masto, the winner. The race margin was razor-thin, with the latest tally showing Cortez Masto with 48.8 percent of the vote and Laxalt with 48 percent. In the end, Cortez Masto eked out the win by vastly outperforming Laxalt in mail-in ballots. Laxalt noted Cortez Masto and allies spent a "staggering" amount of money against him and he still came within half a percentage point of victory.

☆ Mehmet Oz and 15 other candidates together spent over $223 million of their own money — and lost their 2022 midterm races anyway
▼ + stars: | 2022-11-14 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Mehmet Oz spent nearly $27 million on his failed US Senate run. According to an Insider review of federal and state campaign spending, 16 out of the 22 top-spending candidates in the midterm elections lost their races. Combined, the 16 also-rans spent over $223 million of their own money — just over half of the nearly $443 the top self-funding candidates spent this cycle. They are Rep. David Trone of Maryland (roughly $12.6 million); Gov. Read Insider's entire list of the 22 largest self-funders in the 2022 midterm elections.

Nationally, 32% of voters in 2022 said their vote was “to oppose Joe Biden.” But 28% said their vote was “to oppose Donald Trump,” even though Trump was out of office. About 30% of Pennsylvanians said their vote was to oppose Biden, while 26% said their vote was to oppose Trump. Only 6% of Biden 2020 voters supported Oz, while 8% of Trump 2020 voters backed Democrat John Fetterman. Nationally, 92% of Biden voters supported Democrats, while 7% peeled off to support Republicans. And 96% of Trump voters backed Republicans, while 3% broke for Democrats, the exit polls showed.

☆ Democrats maintain control of Senate, NBC News projects, defeating many Trump-backed Republicans
▼ + stars: | 2022-11-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +6 min

Democratic Sen. Mark Kelly of Arizona won his re-election contest in Arizona, NBC News projected Friday evening, directing all eyes to Nevada. Because so many people worried — I did — about this democracy," Senate Majority Leader Chuck Schumer said at a news conference late Saturday. A Walker win would keep the Senate 50-50, where Vice President Kamala Harris casts the tie-breaking vote for Democrats. Build something new," Missouri Republican Sen. Josh Hawley tweeted after it became clear his party had lost hope of retaking the Senate. Ballot measures to support abortion rights won in Michigan, California and Vermont, while an anti-abortion measure on the ballot in Kansas was defeated, NBC News projects.

☆ Fact Check-Why a ‘mostly red’ PA election map showing wins by counties needs context
▼ + stars: | 2022-11-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

The post shows a map of Pennsylvania mostly covered in red with some counties in blue. Maps showing votes by county can create optical distortions, as rural counties tend to represent a high volume of land mass but do not have as many people as urban counties. For example, with over 99% of expected votes counted at the time of writing, Oz won Bradford County with 15,946 to Fetterman’s 6,563. By contrast, Fetterman won the more populous county, Philadelphia, with 382,848 to Oz’ 76,129 and Allegheny County with 352,940 to Oz’ 196,879 (here). Election maps showing votes by county can be misleading as rural counties represent a lot of land mass but do not have as many people as urban counties.

☆ Republicans who questioned the 2020 results are bringing back an old norm: Admitting defeat
▼ + stars: | 2022-11-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +7 min

WASHINGTON — The losers of this year’s midterm elections are winning praise for doing something that would be entirely unremarkable in another era — admitting defeat. Of course, dozens of Republican candidates who questioned the legitimacy of President Joe Biden’s election won on Tuesday and will end up in Congress, including Ohio’s J.D. This year, Trump helped Cox defeat a well-connected moderate in the GOP primary to run for governor of Maryland. “I will pray for them and their new role for all of us.”Most losing Republican candidates followed scripts more like Cox’s than Trump’s. Michigan gubernatorial candidate Tudor Dixon initially said Tuesday night that she wanted to see more results before admitting defeat.

☆ U.S. Senate up for grabs as Republicans move toward House majority
▼ + stars: | 2022-11-10 | by ( Joseph Ax | ) www.reuters.com time to read: +5 min

(Live election results from around the country are here.) But Democrats were able to avoid the major defeat that Republicans had anticipated and were holding on in the close Senate battles in Nevada and Arizona. Even a slim House majority would allow Republicans to shape the rest of Biden's term, blocking priorities such as abortion rights and launching investigations into his administration and family. A White House official said Biden spoke by phone with Republican House leader Kevin McCarthy, who announced earlier in the day his intention to run for speaker of the House if Republicans control the chamber. Control of the Senate, meanwhile, would give Republicans the power to block Biden's nominees for judicial and administrative posts.

☆ Trump insists that the midterm results were a success for him, even as other Republicans brand them a failure
▼ + stars: | 2022-11-10 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Trump on Thursday tried to spin the GOP's disappointing midterm results as a success story. High-profile candidates Trump endorsed were beaten or underperformed. Republicans on Wednesday started blaming Trump for the absence of a "red wave." Trump endorsed more than 200 candidates elections, many of whom were running in safe seats where GOP candidates were expected to win regardless of who endorsed them. Overall, the Republican "red wave" of sweeping gains in the election that some analysts were anticipating did not arrive, and some Republicans moved to blame Trump.

☆ Republicans close in on U.S. House majority, Senate still up for grabs
▼ + stars: | 2022-11-10 | by ( Joseph Ax | ) www.reuters.com time to read: +4 min

A split would mean the Senate majority would come down to a runoff election in Georgia for the second time in two years. Even a slim House majority would allow Republicans to shape the rest of Biden's term, blocking priorities such as abortion rights and launching investigations into his administration and family. A White House official said Biden spoke by phone with Republican House leader Kevin McCarthy, who announced earlier in the day his intention to run for speaker of the House if Republicans control the chamber. Control of the Senate, meanwhile, would give Republicans the power to block Biden's nominees for judicial and administrative posts. MIXED RESULTSThe party in power historically suffers heavy casualties in a president's first midterm election, and Biden has struggled with low approval ratings.

☆ AOC says 'it's so out of touch to imply that abortion isn't an economic issue' after reproductive rights were at the top of voters' minds in the midterms
▼ + stars: | 2022-11-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Reproductive rights got big wins in the midterms as voters chose to protect abortion access in five states. As the GOP sought to block abortions, AOC said it's "out of touch" to consider the issue separate from the economy. She referred to the lack of guaranteed healthcare and childcare that often comes alongside stripping abortion rights. At the midterm elections, abortion was a key concern for voters after the bombshell Supreme Court decision overturning Roe v. Wade this summer. Even in Republican and swing states, it was clear protecting the right to an abortion was a major concern for voters.

Search resuls for: "Democrat John Fetterman"

25 mentions found