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☆ We're entering advertising's new era
▼ + stars: | 2024-05-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

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 . In today's big story, we're looking at the biggest topic at this year's TV upfronts , and how it's a sign of advertising's new era. What's on deck:Markets: Morgan Stanley's new wealth boss outlines the bank's playbook for hitting $10 trillion in client assets. Andy Kiersz/Business InsiderYou might be wondering what retail data has to do with television advertising.

Persons: —, Morgan, Don Draper's, Burton, Jenny Chang, Rodriguez, Business Insider's Lara O'Reilly, Lucia Moses, Andy Kiersz, Andy Jassy, hasn't, Finn, Morgan Stanley, Michael M, Tyler Le, Jed Finn, Andy Saperstein, there's, Joseph Stiglitz, Jerome Powell, Justin Sullivan, Wells Fargo, Kevin Scott, Satya Nadella, Bill Gates, Pablo Declan, Shari Redstone's, tanked, BI's Peter Kafka, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Tech, Wall, Getty, Google, Amazon, Disney, Kroger, Walmart, Big Tech, US Department of Labor, Apple, Department, Paramount, Trump Media Locations: China, OpenAI, New York, London

☆ Perry, a Far-Right Incumbent, Faces Shifting Political Ground in Pennsylvania
▼ + stars: | 2024-04-26 | by ( Robert Draper | ) www.nytimes.com time to read: +1 min

Like other Republicans in the House Freedom Caucus, Representative Scott Perry of Pennsylvania, the group’s former leader, carries a pungently far-right portfolio. He has been an unswerving loyalist of former President Donald J. Trump. He has voted against aid to Ukraine and against keeping the government open. Such stances are not especially controversial to Republican primary voters. But among archconservative House members, only Mr. Perry must sell those same views to voters in a politically competitive district this November.

Persons: Scott Perry, Scott Perry of Pennsylvania, Donald J, Trump, archconservative, Perry, Janelle Stelson Organizations: Caucus, Republican, Democratic, Congressional District Locations: Scott Perry of, Ukraine, Pennsylvania’s

☆ In Latest Gambling Scandal, Some See Glimpse of Sports’ Future
▼ + stars: | 2024-04-21 | by ( Kevin Draper | Tania Ganguli | ) www.nytimes.com time to read: +1 min

Bill Bradley, the basketball Hall of Famer and former United States senator known as a staunch opponent of legalized sports betting, was speaking about the topic back in January. But he might as well have been predicting the future. “Well there hasn’t been a scandal, yet,” he said, discussing how professional sports has become ever more entwined with the gambling industry in recent years. The league said Mr. Porter wagered money on his own team to lose, pretended to be hurt for betting purposes and shared confidential information with gamblers. competition for our fans, our teams and everyone associated with our sport,” Adam Silver, the league’s commissioner, said in announcing Porter’s punishment.

Persons: Bill Bradley, ”, Jontay Porter, Porter wagered, Adam Silver Organizations: of Famer, United, National Basketball Association, Toronto Raptors Locations: United States

☆ Opinion: It’s time to change the way we think about sociopaths
▼ + stars: | 2024-04-20 | by ( Opinion Sara Stewart | ) edition.cnn.com time to read: +7 min

CNN —This piece contains mild spoilers for the Netflix series “Ripley” and a scene in the movie “Civil War.”Are we finally ready to take another look at why we love to hate sociopaths so much? But his rendition of Ripley – highly capable, chameleonic, but never what you’d call charming — represents a refreshing take on one of the most famous sociopaths in literature and film. Gagne feels Hollywood’s nearly always gotten it wrong with portrayals of sociopaths, reducing them to a collection of cartoonish, villainous traits. In fact, I found one of film’s most recent sociopaths to be singularly chilling because of his very plausibility. He’s in Alex Garland’s “Civil War,” the polarizing film about a vaguely-sketched conflict set in the modern-day United States.

Persons: Sara Stewart, Ripley ”, Sara Stewart Todd Thompson, Andrew Scott’s, Tom Ripley, Patricia Highsmith’s, Scott, who’s, Ripley –, Steven Zaillian’s, “ Ripley, Jennifer Rubin, ”, Rubin, Tony Soprano, Walter White, Patrick Bateman, Dexter Morgan, Don Draper, I’ve, Emily Nussbaum, Norman Lear’s “, Archie Bunker, Carroll O’Connor, Penn Badgley, Joe Goldberg, Sociopath, Patric Gagne, Gagne, Hollywood’s, vilify, Jenna Ortega, Alex Garland’s “, Jesse Plemons —, —, Owen Gleiberman’s, “ Garland, ” Gleiberman, Ripley, sociopathy, we’ll Organizations: CNN, Netflix, Washington, Vogue Locations: Pennsylvania, ”, United States, America

☆ Inside the world of flying cars, or eVTOLs, which are moving closer to reality
▼ + stars: | 2024-04-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +6 min

Source: Alef AeronauticsWhat if flying around in an electric vehicle is a key part of the way you travel in the future? EVTOLs, or electric vertical take-off and landing vehicles, popularly known as flying cars or air taxis, are being developed by firms in the U.S. to Europe and Asia. Four of the most common eVTOLsAn eVTOL aircraft can take off and land vertically. From the technologies they use to take off and land to the fact they're electric, eVTOLs are trying to distinguish themselves from helicopters. While some wealthy individuals may own their electric aircraft, they will more likely be operated in fleets by an operator, as is the case with airlines.

Persons: Lilium, Jim Dukhovny, Tim Draper, EHang Organizations: Aeronautics, JPMorgan, CNBC Tech, Aviation, European Union Aviation Safety Agency, Federal Aviation Administration, Civil Aviation Administration of China, eVTOLs, Alef Aeronautics Alef Aeronautics, Alef Aeronautics, SpaceX, Theranos Locations: U.S, Europe, Asia, —, eVTOLs, United States, China, Munich, Germany, Spain

An Augusta National Golf Club green jacket hangs on the wall, and 81 televisions show the theatrics and athletic brilliance unfolding on the emerald grounds that host the Masters Tournament. Entrance to this particular sanctum, christened Map & Flag in a nod to the Masters’s storied logo, runs $17,000 per person for the week of golf’s first major tournament. And Map & Flag is not even perched on the 18th green. It is across the street from Augusta National. The hope is that refined appeals to deep-pocketed fans will result in over-the-top spending, bigger profits and lasting loyalty.

Organizations: Augusta National Golf, Augusta National Locations: Paris, Southern, Augusta

☆ Where Kamala Harris Lives, a Little Known History of Enslavement
▼ + stars: | 2024-04-12 | by ( Robert Draper | ) www.nytimes.com time to read: +1 min

Three years ago this month, Vice President Kamala Harris moved into her official residence in northwest Washington, a quiet 73-acre enclave where the U.S. Navy keeps an observatory as well as the nation’s master clock. Near the villa, the team had found something else: A brick foundation of a smokehouse used to cure meat. Ms. Harris did not have to be told who had used it. Well before moving to the new residence, the nation’s first Black vice president had been told by aides about the 34 individuals who once lived on the property against their will. A subsequent opinion essay for CQ Roll Call was the first mention of it in the news media.

Persons: Kamala Harris, Harris, Peter, Mary, Ellen Jenkins, Chapman, Sarah, Henry, Joseph, Louisa, Daniel, Eliza Toyer, Towley, Judah, Andrew Yates, Kitty, William, Gilbert, Phillip Silas, Susan, Dennis, Ann Maria, William Carroll, Becky, Milly, Margaret, Mortimer Briscoe, Richard Williams, Mary Young, John Thomas, Mary Brown, John Chapman, William Cyrus Organizations: U.S . Navy Locations: Washington

☆ Inside Alef Aeronautics, the company trying to build a car you can both drive and fly
▼ + stars: | 2024-04-04 | by ( Deirdre Bosa | Cristy Garratt | ) www.cnbc.com time to read: +2 min

Alef Aeronautics is in the early stages of developing a vehicle it hopes will both drive on roads and fly above them. We're trying to build a car which can vertically take off and fly efficiently," Jim Dukhovny, Alef Aeronautics' co-founder and CEO, told CNBC Tech: The Edge in an interview. In 2015, the team behind Alef met for the first time in a coffee shop, where Dukhovny scribbled the idea for his flying car down on a napkin. Dukhovny told CNBC there are currently 3,000 customers on its waitlist. Watch the video above for the rest of CNBC Tech: The Edge's interview with Alef Aeronautics' Jim Dukhovny and Director of R&D Oleg Petrov.

Persons: Jim Dukhovny, Dukhovny, Tim Draper, Draper, Tim, Oleg Petrov Organizations: Aeronautics, Alef Aeronautics, CNBC Tech, Alef, Federal Aviation Administration, FAA, National, Traffic Safety Administration, SpaceX, CNBC Locations: Theranos

☆ SpaceX-backed startup says preorders for its $300,000 futuristic flying car have reached 2,850
▼ + stars: | 2024-03-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

watch nowBARCELONA, Spain — Alef Aeronautics, a SpaceX-backed flying car firm, says it has reached 2,850 preorders for its futuristic electrical vertical takeoff and landing (eVTOL) vehicle. Dukhovny calls Alef's vehicle the "first flying car in history." "But we always had the idea that it has to be a car, a physical car, a regular car, as you can see it's an eVTOL, an electric car. Alef's car is mainly designed to be driven on the road, but will be able to take to the skies, too. To drive on the road, the car uses four small engines in each of the wheels, and will drive similar to a normal electric car.

Persons: Jim Dukhovny, Dukhovny, David Zorrakino, Tim Draper, Elon Organizations: Spain — Alef Aeronautics, SpaceX, Alef Aeronautics, Boeing, Airbus, Joby Aviation, CNBC, Mobile, Europa Press, Getty, SKTelecom Locations: BARCELONA, Spain, San Mateo , California, Alef, Germany, Korean

☆ A Nerve Center for the Right Wing Rises in Washington
▼ + stars: | 2024-02-20 | by ( Robert Draper | ) www.nytimes.com time to read: +1 min

In the lobby of the grand Biltmore Hotel in Coral Gables, Fla., where a sprawling new force in Washington’s right-wing ecosystem, the Conservative Partnership Institute, was holding its winter conference, the former Trump legal adviser Cleta Mitchell was exultant. “Did you hear the ‘War Room’ today? Bannon was on fire!” she said to a friend. She was referring to the podcast hosted by Stephen K. Bannon, the former Trump White House senior adviser who had been condemning Republican senators for supporting billions of dollars in aid to Ukraine and Israel earlier that day. Ms. Mitchell was among some 150 conservative donors and activists who gathered in Coral Gables earlier this month to celebrate the ascendancy of a group that has become a well-paying sinecure for Trump allies and an incubator for the policies the former president could pursue if elected.

Persons: Trump, Cleta Mitchell, Bannon, Stephen K, Mitchell, Ben Carson, Byron Donalds, Florida — Organizations: Conservative Partnership Institute, Trump White House, Trump, Housing, Urban Development Locations: Coral Gables, Fla, Washington’s, “, Ukraine, Israel, Florida

Two teenagers were charged with resisting arrest and “gun-related” offenses in connection with a shooting that left one person dead and nearly two dozen others injured during a Super Bowl victory celebration in Kansas City, Mo., the authorities said on Friday. Additional charges are expected to be filed, according to a spokeswoman for the Office of the Juvenile Officer in Jackson County, Mo. The teenagers, who have not been publicly identified, remained in custody on Friday. The authorities have said that the shooting stemmed from a dispute among several people, and erupted on Wednesday afternoon outside the city’s Union Station, where thousands of Kansas City football fans were gathered for a rally. Twenty-two people were injured, and at least half of them were younger than 16, officials have said.

Organizations: Kansas City Locations: Kansas City, Mo, Jackson County, city’s

☆ Kansas City Grappled With Shootings Long Before the Super Bowl
▼ + stars: | 2024-02-16 | by ( Kevin Draper | Julie Bosman | ) www.nytimes.com time to read: 1 min

Across the country, Americans were shocked and horrified by the images on Wednesday from Kansas City, Mo., after shots were fired into a crowd of jubilant parade-goers celebrating the city’s Super Bowl win. To people intimately aware of the entrenched violence in Kansas City, the shooting was painfully familiar. There were 182 people killed in Kansas City last year, according to police data, surpassing a previous high in 2020. With a population of just over 500,000, Kansas City has one of the highest murder rates in the nation. Rosilyn Temple, who founded the Kansas City chapter of Mothers in Charge after her son, Antonio, was killed in 2011, was at the scene of two separate shootings on Tuesday, the night before the Super Bowl celebration.

Persons: Antonio Organizations: Kansas, Bowl, Kansas City Locations: Kansas City, Mo, Rosilyn, Kansas

☆ REDs: These young athletes were bound for stardom until a mysterious condition derailed their running careers
▼ + stars: | 2024-02-15 | by ( Issy Ronald | ) edition.cnn.com time to read: +14 min

CNN —They were two exceptionally promising athletes, seemingly bound for track and field stardom, when their careers were derailed by a condition that doctors and researchers say they are only now beginning to understand. ‘Instituional buy-in’REDs’ symptoms can affect anyone, particularly athletes training in a culture that celebrates overtraining and undereating – or that has an unhealthy relationship with weight. Eventually, her blog morphed into Project RED-S – a site filled with resources for athletes, coaches and supporters. Access to “dietician input … and appropriate psychological support if it’s needed,” can also help prevent and treat REDs, Dr. Jawad says. Woolven’s Project RED-S aims to provide that support she lacked and initiatives like this allow Cain to envision a future that “looks really bright.”“I’m hopeful,” Cain says.

Persons: CNN —, Mary Cain, Pippa Woolven, Martin Rickett, ” Dr, Farrah Jawad, wouldn’t, Dr, Kathryn Ackerman, Cain, Woolven, you’re, ”, “, Eric Draper, marathoner Alberto Salazar, “ It’s, you’re undereating, Salazar, Women’s, ” Salazar, Jessica Rinaldi, ” Cain’s, Dave Thompson, ” accidently, ‘ Instituional, Ackerman, ‘, Nobody, Jawad, Matt Dunham, “ it’s, ” Cain Organizations: CNN, Championships, Florida State University, REDs, British Universities, Colleges Sports, Pure Sports, CNN Sport, IOC, Harvard Medical School, Sports Medicine Division, Boston Children’s Hospital, Nike Oregon Project, Reuters, The New York Times, Nike, Oregonian, Oregon Project, Sports, Doping Agency, New York Times, Florida State, ’ REDs, Health, New, National Trust, Atalanta NYC Locations: London, British, Tallahassee, “, America, ”

Investigators in Kansas City, Mo., were seeking help from the public as they searched on Thursday for answers in a shooting that upended the city’s Super Bowl victory celebration and left one person dead and at least 21 others wounded by gunfire. The shooting, which erupted on Wednesday afternoon as thousands of football fans had crowded into downtown Kansas City, sharply turned a day of revelry into one of chaos and confusion. Nine of them had suffered gunshot wounds, the authorities said. It was uncertain who was responsible for the shooting, which took place near the city’s Union Station, a hub that draws tourists to the city each year. By Wednesday night, three people had been detained, the Kansas City police chief said, but no charges had been announced, and officials said they were uncertain of the motive.

Organizations: Kansas City Locations: Kansas City, Mo, revelry, city’s

The victims of the shooting at a celebration for the Kansas City Chiefs on Wednesday included some of the team’s youngest fans. Eleven children, ages 6 to 15 years, were treated for injuries at Children’s Mercy, a hospital in Kansas City, Mo., said Stephanie Meyer, a senior vice president and chief nursing officer at the hospital. Nine of the children had gunshot wounds, she said, while the others had “incidental injuries.” None were in critical condition, and all were expected to recover. “The one word I would use to describe what we saw, and how they felt when they came to us,” she said of the children, “was fear.”

Persons: Stephanie Meyer, ”, “ Organizations: Kansas City Chiefs Locations: Kansas City, Mo

Fleeing after shots were fired near the Super Bowl victory celebration for the Chiefs in Kansas City, Mo., on Wednesday. The parade on Wednesday to celebrate the Kansas City Chiefs’ Super Bowl victory brought hundreds of thousands of people to the city’s streets, a sea of fans clad in the team’s trademark red. Only when fans started running — some of them took shelter under his hot dog tent — did he realize that a shooting was underway. Adrian Robinson had traveled to Kansas City from Gary, Ind., to sell T-shirts. Quinton Lucas, the mayor of Kansas City, had also been downtown for the celebration.

Persons: Ian Johnson, Courtney Brown, “, ”, Adrian Robinson, Christopher Smith, Dominick Williams, Mr, Robinson, Zachary Dial, Quinton Lucas, ” Traci Angel, Colbi Edmonds Organizations: Chiefs, Kansas City Chiefs, Kansas City, The New York Times, Union Station, Kansas Locations: Kansas City, Mo, Union, Independence, Kansas, Gary, Ind, Richmond

☆ Deflation: Here's where prices fell in January 2024, in one chart
▼ + stars: | 2024-02-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

These are the big deflationary factors"A lot of factors have come together to push goods prices down," said Mark Zandi, chief economist at Moody's Analytics. In addition to normalizing supply-demand dynamics, a historically strong U.S. dollar relative to other global currencies has also helped rein in goods prices, Zandi said. Falling energy prices have also put downward pressure on goods prices, due to lower transportation and energy-intensive manufacturing costs, economists said. Lower energy prices also put downward pressure on the transportation of food to store shelves. Consumers get more for roughly the same amount of money, which shows up as a price decline in the CPI data.

Persons: RC Willey, George Frey, Jay Bryson, there's, Mark Zandi, Zandi, rebalancing, J.P, Hopper Organizations: RC, Bloomberg, Getty, U.S . Bureau of Labor Statistics, Wells, Wells Fargo Economics, Moody's, U.S . Federal, Services, Finance, Morgan's, Investment, Group, of Labor Statistics Locations: Draper , Utah, Wells Fargo, U.S, Salinas, California

The biggest upcoming football event for many of the N.F.L. owners and business executives who will populate luxury boxes at the Super Bowl this weekend is not, perhaps surprisingly, the game. It actually won’t take place until six weeks later, in Orlando, Fla., when football executives gather for the National Football League’s annual meeting — an event that has particular significance this year. Major League Baseball, the National Basketball Association and the National Hockey League have already relaxed their ownership rules. But the N.F.L.

Persons: Arthur Blank, Greg Penner Organizations: National Football, Major League Baseball, National Basketball Association, National Hockey League, Atlanta Falcons, Home Depot, Walmart, Denver Broncos Locations: Orlando, Fla, Florida

☆ Super Bowl Broadcast Is a Crossroads for CBS Sports
▼ + stars: | 2024-02-09 | by ( John Koblin | Kevin Draper | ) www.nytimes.com time to read: +1 min

On the one hand, Sunday will be a joyous occasion for CBS Sports. The sports division will broadcast its 22nd Super Bowl, the most of any network. The storied CBS Sports division, the broadcasting home of marquee events like the Masters and March Madness, is confronting a wave of change. It all leaves CBS Sports facing a number of challenges — which company leaders say they can handle by sticking to what they know. “No matter what happens in the future to the company, sports will increasingly be more important each and every year,” Mr. McManus said.

Persons: Sean McManus, —, ” Mr, McManus Organizations: CBS Sports, CBS, Paramount, Southeastern Conference, Netflix

A lawyer for the chief witness against Representative Matt Gaetz, Republican of Florida, said on Friday that the witness was cooperating with a House Ethics Committee investigation into whether Mr. Gaetz had sex with an underage girl while he was serving in Congress. Fritz Scheller, a lawyer for Mr. Gaetz’s former friend and political ally Joel Greenberg, said he provided documents to the committee that he said backed up his client’s claims that he witnessed Mr. Gaetz having sex with a 17-year-old girl. Greenberg has and will cooperate with any congressional request,” Mr. Scheller said in an email on Friday. Mr. Greenberg, who pleaded guilty in May 2021 to charges including sex trafficking, is serving an 11-year prison sentence. He had previously cooperated with a Justice Department investigation into whether Mr. Gaetz had engaged in sex trafficking of a minor, a federal offense that carries a minimum of 10 years in prison.

Persons: Matt Gaetz, Gaetz, Fritz Scheller, Gaetz’s, Joel Greenberg, “ Mr, Greenberg, ” Mr, Scheller, Mr Organizations: Republican, Justice Department Locations: Florida

☆ How Mark Meadows Became the Least Trusted Man in Washington
▼ + stars: | 2024-02-08 | by ( Robert Draper | ) www.nytimes.com time to read: +2 min

Even without the knowledge that his annual salary as a senior partner at C.P.I. is $847,000, and that he purchased his house overlooking Lake Keowee for $1.6 million six months after the Trump administration came to an end, it would be natural to conclude that Meadows, the 64-year-old former White House chief of staff, is doing very well for himself. The Mark Meadows they know has always been a peerless escape artist, ever ascending over the bridges he has burned. In August, a grand jury in Fulton County, Ga., indicted Meadows on charges related to his alleged participation in a racketeering scheme to overturn Georgia’s 2020 presidential election results and keep Trump in office. Two months later, Katherine Faulders of ABC News broke the story that Meadows had been furtively speaking with prosecutors in the federal case being pursued against Trump by the Department of Justice special counsel Jack Smith.

Persons: Trump, Jordan’s, Meadows, Mark Meadows, Georgia’s, Katherine Faulders, Jack Smith, — Organizations: White House, Capitol, peerless, Trump, ABC News, Department of Justice, White Locations: Lake Keowee, North Carolina, Fulton County ,

☆ What Sports Fans Need to Know About a New Streaming Service
▼ + stars: | 2024-02-07 | by ( Kevin Draper | ) www.nytimes.com time to read: +1 min

Discovery announced on Tuesday that they would join together and sell access to all of the sports they televise through a new streaming service. It will be available this fall, but many other details, like price or who would run the service, are not yet known. The subtext of the agreement — and of most decisions media companies make — is that the cable bundle is collapsing. Media companies know that young adults no longer sign up for cable, and that their best customers are also their oldest. So how do media companies get from where they are today to where they are going to be?

Organizations: Disney, Fox, Warner Bros . Discovery, Media Locations: United States

☆ Disney, Fox and Warner Bros. Join Forces for Sports Streaming Service
▼ + stars: | 2024-02-06 | by ( Benjamin Mullin | Kevin Draper | ) www.nytimes.com time to read: +1 min

On Tuesday, Disney, Fox and Warner Bros. The companies announced a streaming service that will feature games from the major professional leagues and college conferences, which they hope will attract sports fans who have abandoned cable. The service will offer streaming subscribers all the channels owned by those companies that show sports, like ESPN, TNT and FS1, but also ABC and Fox. Subscribers will have access to 14 channels in total, as well as ESPN’s existing streaming service, ESPN+. The price, name and executive team behind the service have not yet been determined.

Organizations: Disney, Fox, Warner Bros, Discovery, ESPN, TNT, ABC

☆ Sex Assault Claims Against McMahon Shadow a W.W.E. Trying to Move Forward
▼ + stars: | 2024-01-28 | by ( Kevin Draper | ) www.nytimes.com time to read: +1 min

It was a bombastic end to one of the most consequential, and tumultuous, weeks in W.W.E.’s history. In the days between the Netflix deal and “Royal Rumble,” however, came a stark reminder of how sordid legal entanglements from the company’s recent past could reverberate in the present. employee, Janel Grant, sued Vince McMahon — the co-founder of what would become W.W.E. and the executive chairman of the board of TKO Group — and accused him of sexual assault and sex trafficking. Mr. McMahon called the lawsuit, which was filed in U.S. District Court in Connecticut, a “vindictive distortion of the truth,” but on Friday he resigned from the TKO board.

Persons: Cody Rhodes, ”, Dwayne Johnson, —, Janel Grant, Vince McMahon, McMahon, Mr Organizations: Netflix Locations: W.W.E, U.S, Connecticut

☆ Vince McMahon Cuts W.W.E. Ties After Sex Trafficking Accusation
▼ + stars: | 2024-01-26 | by ( Kevin Draper | ) www.nytimes.com time to read: +1 min

Vince McMahon, the longtime chairman and former chief executive of World Wrestling Entertainment, resigned from the board of W.W.E.’s parent company on Friday, one day after a former employee accused him of sexual assault and sex trafficking in a lawsuit. Mr. McMahon, 78, was the executive chairman of TKO Group, the parent company of W.W.E., where he no longer held a formal position. “He will no longer have a role with TKO Group Holdings or W.W.E.,” Mr. Khan wrote in the email, a copy of which was obtained by The New York Times. The lawsuit, filed on Thursday in U.S. District Court in Connecticut, accuses Mr. McMahon of trafficking the employee, Janel Grant, as well as physically and emotionally abusing her. executive, and the company itself as defendants, says that Mr. McMahon and Mr. Laurinaitis had once taken turns raping Ms. Grant, among numerous other allegations.

Persons: Vince McMahon, McMahon, Nick Khan, “, ” Mr, Khan, Mr, Janel Grant, John Laurinaitis, Laurinaitis, Grant Organizations: World Wrestling Entertainment, The New York Times Locations: Connecticut

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