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☆ Opinion | Jan. 6 Rioters Should Not Catch a Break From the Supreme Court
▼ + stars: | 2024-04-23 | by ( Randall D. Eliason | ) www.nytimes.com time to read: +2 min

Imagine that during a Supreme Court argument, protesters angry about the case storm the court building. Has the court proceeding been obstructed or impeded? Prosecutors charge that by participating in the Capitol riot, Mr. Fischer corruptly obstructed and impeded the joint congressional proceeding to certify the election, in violation of 1512(c)(2). More than 300 other Jan. 6 rioters have faced the same charge. Because Mr. Fischer wasn’t charged with impairing the availability or integrity of any physical evidence, Judge Nichols dismissed the charge.

Persons: Fischer, Donald Trump, Joseph Fischer, Fischer corruptly, Mr, Trump, Carl Nichols, Fischer wasn’t, Judge Nichols Organizations: Capitol, Prosecutors Locations: United States, Washington

☆ Oasis launches a campaign at Kao Corp, but this battle is likely to be a difficult one
▼ + stars: | 2024-04-20 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Activist Commentary: Oasis Management is a global hedge fund management firm headquartered in Hong Kong with additional offices in Tokyo, Austin and the Cayman Islands. The hygiene and living care segment provides fabric, kitchen, home, sanitary and pet care products. Kao Corp is a global fast-moving consumer goods company with a diversified portfolio of products spanning from hair and skin care to cosmetics and chemicals. Oasis has proven to be a value-creating activist in many situations and would likely be a valuable board member here, but this is not a typical Oasis activist campaign. On the contrary, the day after Oasis launched its campaign, Kao stated that the firm lacked sufficient understanding of its portfolio management and restructuring plans.

Persons: Seth Fischer, Molton Brown, Kao, Kao's ROE, Beiersdorf, Aoki, Tsuruha, Oasis, ROE, Ken Squire Organizations: Oasis Management, Oasis, Business, Kao Corp, Tokyo Stock Exchange, onboarding, Kao, 13D Locations: Hong Kong, Tokyo, Austin, Cayman Islands, Asia, Europe, Japan

☆ Opinion | Rethinking the Ethics of Tax Deductions
▼ + stars: | 2024-04-18 | by ( ) www.nytimes.com time to read: 1 min

To the Editor:Re “Make a Difference This Tax Season,” by Matthew Desmond (Opinion guest essay, April 14):Mr. Desmond is, of course, right that tax rates and tax deductions are heavily skewed to favor the very wealthy. One of the solutions he offers, however, asks the somewhat wealthy to imitate the very wealthy: Take your deduction and give to your favorite charities. That’s how the taxpayers end up subsidizing — through deductible philanthropy — huge bequests to operas, billionaires’ alma maters, vanity art collections and other pet projects. If people just didn’t take the deductions, as Mr. Desmond also proposes, the savings could help fund main government responsibilities like schools, safety, health care and the like. The writer is a professor of sociology at the University of California, Berkeley.

Persons: Matthew Desmond, Desmond, alma, Claude S, Fischer Berkeley Organizations: University of California Locations: Calif, Berkeley

The Supreme Court's conservative majority appeared skeptical of a charge federal prosecutors have lodged against hundreds of people who attacked the US Capitol on January 6, 2021. While the court’s three-justice liberal wing signaled support for the charge, the conservative majority raised a series of skeptical questions about its potential scope and whether it would criminalize other conduct, such as protests. The charge can tack up to 20 years onto a prison sentence. Joseph Fischer, a former Pennsylvania police officer and January 6 defendant who brought the case to the Supreme Court, argued that the law at issue, created in response to the Enron scandal in 2001, was intended to stop witness tampering, not riots. During more than an hour and a half of arguments, Chief Justice John Roberts and Justices Brett Kavanaugh, Neil Gorsuch and Samuel Alito were among those who appeared to take issue with the government’s reading of the law.

Persons: ”, Joseph Fischer, John Roberts, Brett Kavanaugh, Neil Gorsuch, Samuel Alito Organizations: Capitol, Enron Locations: Pennsylvania

The high court’s ruling could also affect the federal election subversion criminal case pending against former President Donald Trump, who was also charged with the obstruction crime. The law, Justice Elena Kagan said, could have been written by Congress to limit its prohibition to evidence tampering. Unless the court rules broadly in a way that undermines the charge entirely, the case against Trump may still stick even if Fischer wins his case. The Fischer case has prompted some liberal critics of the court to demand that Thomas recuse himself. “There have been many violent protests that have interfered with proceedings,” Thomas asked Prelogar, pressing on a theme he returned to repeatedly during the arguments.

Persons: Critics, ”, Donald Trump, Joseph Fischer, Trump, “, Fischer, Brett Kavanaugh, Elizabeth Prelogar, John Roberts, ’ ” Roberts, it’s, Prelogar, Kavanaugh, ‘, ” Prelogar, Neil Gorsuch, Jamaal Bowman, Bowman, Samuel Alito, ” Alito, rioter, Elena Kagan, ” Kagan, Sonia Sotomayor, Ketanji Brown Jackson, Jeffrey Green, Jackson, Jack Smith, Department’s, Smith, Clarence Thomas, Thomas, That’s, Thomas ’, Ginni Thomas, ” Thomas, “ I’m Organizations: CNN, Justice Department, Justice, Capitol, Court, Department, Riot, ”, New York Democrat, House, Hamas, Trump Locations: Pennsylvania, Gaza, Virginia, DC, Colorado, ”

☆ Live Updates: Justices to Hear Obstruction Case That Could Bar Charges Against Trump
▼ + stars: | 2024-04-16 | by ( Adam Liptak | ) www.nytimes.com time to read: +6 min

Still, in an earlier case involving a different provision of the law, the Supreme Court said it should be tethered to its original purpose. Mr. Fischer is accused of entering the Capitol around 3:24 p.m. on Jan. 6, 2021, with the counting of electoral ballots having been suspended after the initial assault. But the question for the justices is legal, not factual: Does the 2002 law cover what Mr. Fischer is accused of? Indeed, the judges in the majority in an appeals court ruling against Mr. Fischer could not agree on just what the word meant. By a 5-to-4 vote, the Supreme Court agreed.

Persons: Donald J, Trump, Joseph W, Fischer, Trump’s, “, Mr, Judge Florence Y, Pan, Fischer’s, Justin R, Walker, Judge Walker, corruptly ’, ”, Judge Gregory G, Katsas, ” Judge Katsas, Ruth Bader Ginsburg, Elena Kagan, Kagan, Seuss Organizations: Sarbanes, Oxley, Enron, Capitol, Mr, ” Prosecutors, Yates, Supreme Locations: United States

☆ Justices question obstruction charge in Jan 6 rioter prosecution, which could affect Trump's case
▼ + stars: | 2024-04-16 | by ( Lawrence Hurley | Ryan J. Reilly | ) www.cnbc.com time to read: +4 min

Some justices expressed similar sentiments during Tuesday's arguments, asking whether the statute in question could be used to prosecute peaceful protesters, including people who at times have disrupted Supreme Court proceedings. Trump himself faces charges of violating the same law, as well as conspiracy to obstruct an official proceeding. Fischer faces seven criminal charges, only one of which is the focus of the Supreme Court case. He also faces charges of assaulting a police officer and entering a restricted building, among others. Conservative Justice Brett Kavanaugh questioned why the Justice Department needed to charge Fischer using the obstruction statute, noting that he faces the six other charges.

Persons: Micki Witthoeft, Ashli Babbitt, Fischer, WASHINGTON, Donald Trump, Joseph Fischer, Joe Biden's, Trump, Neil Gorsuch, Clarence Thomas, Brett Kavanaugh, Ginni Thomas, Trump's Organizations: U.S ., Appeals, District of Columbia, WASHINGTON —, U.S . Capitol, State, Trump, Conservative, Justice Department, Sarbanes, Oxley, Capitol, Prosecutors Locations: Washington ,, U.S, Washington, New York, Trump's

☆ Justices to Hear Obstruction Case That Could Bar Charges Against Trump
▼ + stars: | 2024-04-16 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

The Supreme Court will hear arguments on Tuesday in a case that could eliminate some of the federal charges against former President Donald J. Trump in the case accusing him of plotting to subvert the 2020 election and could disrupt the prosecutions of hundreds of rioters involved in the Capitol attack. The law figures in two of the federal charges against Mr. Trump in his election subversion case, and more than 350 people who stormed the Capitol have been prosecuted under it. If the Supreme Court sides with Mr. Fischer and says the statute does not cover what he is accused of having done, Mr. Trump is almost certain to contend that it does not apply to his conduct, either. The law, signed in 2002, was prompted by accounting fraud and the destruction of documents, but the provision is written in broad terms. Still, in an earlier case involving a different provision of the law, the Supreme Court said it should be tethered to its original purpose.

Persons: Donald J, Trump, Joseph W, Fischer Organizations: Sarbanes, Oxley, Enron, Capitol, Mr

☆ January 6 rioters want the Supreme Court to let them off the hook from obstruction charge
▼ + stars: | 2024-04-16 | by ( John Fritze | Hannah Rabinowitz | ) edition.cnn.com time to read: +10 min

Now, the Supreme Court will consider whether the prosecutors’ interpretation of the law can be used against the rioters and whether the convictions already secured will stick. The charge at issue in the Supreme Court case stems from a law Congress enacted in response to a series of corporate accounting scandals, including the 2001 Enron debacle. The case before the Supreme Court involves only that last charge. All three defendants appealed to the Supreme Court, but the justices granted only Fischer’s case. In a filing last week at the Supreme Court in Trump’s immunity case, Smith argued the obstruction charge should stick against Trump even if Fischer wins.

Persons: Donald Trump, Jack Smith, Trump, ”, Claire Finkelstein, ” Trump, Fischer, Stormy Daniels, “, Joe Biden’s, Critics, Joseph Fischer, texted, ” Fischer, Nicholas Smith, Smith, Randall Eliason, Clarence Thomas, Ginni Thomas, Thomas, Ruth Bader Ginsburg, Samuel Alito, Eliason, Antonin Scalia, ” Eliason Organizations: CNN, Capitol, ” Prosecutors, Trump, Justice Department, University of Pennsylvania Carey Law School, Enron, Prosecutors, Appeals, DC Circuit, George Washington University, White Locations: Pennsylvania, New York, ”, Colorado

☆ Jan. 6 Obstruction Case at Supreme Court Could Help Trump and Many Others
▼ + stars: | 2024-04-14 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

At first blush, the case the Supreme Court will hear on Tuesday seems technical, requiring the justices to parse a decades-old statute mainly concerned with the destruction of business records. But the case has the potential to knock out half of the federal charges against former President Donald J. Trump for plotting to subvert the 2020 election, entangle hundreds of Jan. 6 prosecutions and help adjudicate the very meaning of the attack on the Capitol. The immediate question for the justices is whether a federal law aimed primarily at white-collar crime, the Sarbanes-Oxley Act of 2002, can be used to prosecute members of the mob who stormed the Capitol, including the defendant in the case, Joseph W. Fischer, a former Pennsylvania police officer. More than 300 people have been prosecuted under the law, which makes it a crime to obstruct an official proceeding. But its language is broad, and prosecutors say its plain terms cover Mr. Fischer’s conduct.

Persons: Donald J, Trump, Joseph W, Fischer, Fischer’s Organizations: Capitol, Sarbanes, Oxley, Enron Locations: Pennsylvania

☆ Inside Andy Jassy's plan for Amazon in the generative AI era
▼ + stars: | 2024-04-12 | 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. By the way, we're wrapping up voting for the championship matchup in our business, tech, and innovation bracket. In today's big story, we're looking at Amazon CEO Andy Jassy's letter to shareholders, which details the tech giant's plan in the age of generative AI . What's on deck:AdvertisementBut first, Amazon, AI, and a letter. The big storyAmazon in the AI ageMichael M. Santiago/Getty Images; Chelsea Jia Feng/BIThe generative AI revolution is coming, and Amazon wants in on the ground floor.

Persons: —, We've, Andy Jassy's, Michael M, Chelsea Jia Feng, Andy Jassy, Ana Altchek, Jassy, that's, Andy Jassy Mike Blake, Eugene Kim, Jassy's, Phillip Faraone, Gregor Fischer, Noam Galai, Here's, it's, Morgan Stanley, Ben Bergman, Rebecca Zisser, Adam Neumann, Neumann, Samantha Lee, Bon Appétit, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Amazon, Getty, AWS, Bridgewater Associates, Pfizer, Reuters, Prime, TechCrunch, Games, New York Times, Visual China, BI, JPMorgan Chase, Citigroup, Coachella Locations: Wells Fargo, New York, London

☆ Republican megadonor Jeff Yass, inner circle give millions to shape schools, courts
▼ + stars: | 2024-04-09 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

The firm and the foundation are twin enterprises of Republican megadonor Jeff Yass, and a small group of allies. The foundation is run by Yass and other veteran Susquehanna executives, according to the documents that are current through 2022. The Susquehanna Foundation is one of two foundations that Yass and his closest friends have funded and led. The other foundation is even less well known: the Claws Foundation. Similar to Susquehanna, Claws is the charitable arm of one person: Arthur Dantchik, a co-founder of Susquehanna International Group with Yass, is the sole listed donor to Claws Foundation.

Persons: Jeff Yass, Arthur Dantchik, Dantchik, Brendan Fischer, Summer Lee, Donald Trump, Jeffrey Yass Organizations: Republican, Susquehanna Foundation, Susquehanna International Group, Susquehanna, Claws Foundation, Susquehanna International, Sterling Foundation Management, CNBC, Cato Institute, Institute for Justice, Supreme, Atlas Network, Competitive Enterprise, Competitive Enterprise Institute, Susquehanna Growth Equity Fund III, Moderate PAC, Democratic Rep, Politico, Democratic Locations: Yass, Bala Cynwyd, Pennsylvania, Susquehanna, Virginia, Dantchik, Washington, Pitchbook

☆ Google sues crypto scammers for allegedly uploading fake apps to Android app store
▼ + stars: | 2024-04-04 | by ( Talia Kaplan | ) www.cnbc.com time to read: +2 min

Google filed a lawsuit on Thursday against a group of crypto scammers, alleging they defrauded more than 100,000 people across the globe by uploading fraudulent investment and crypto exchange apps to Google Play. Google says it's the first tech company to take action against crypto scammers, and is doing so as a way to set a legal precedent to establish protections for users. The lawsuit claims the defendants made "multiple misrepresentations to Google in order to upload their fraudulent apps to Google Play, including but not limited to misrepresentations about their identity, location, and the type and nature of the application being uploaded." Sun, Cheung and their agents designed the apps to appear legitimate, showing users that they were maintaining balances on the app and earning returns on their investments, the lawsuit said. However, users couldn't withdraw their investments or purported gains.

Persons: Halimah DeLaine Prado, Sun, Alphonse Sun, Hongnam Cheung, Zhang Hongnim, Stanford Fischer, Cheung, couldn't Organizations: Google, CNBC Crypto, of Locations: Southern, of New York, U.S, Canada

The 2024 Sohn Investment Conference took place in New York took place Wednesday, with a slew of hedge fund managers highlighting their top ideas. Here are some of the top picks mentioned: Vijay Shilpiekandula, Dilation Capital Investment Idea: ASML Vijay Shilpiekandula of Dilation Capital, who was named the Sohn Idea Contest Winner, presented ASML as his best stock idea. Jesse Cohn, Elliott Investment Management Investment Idea: Etsy E-commerce platform Etsy is an undervalued company, according to Elliott Investment Management managing partner Jesse Cohn. Seth Fischer, Oasis Management Investment Idea: Kao There's an underappreciated buying opportunity in Japanese global chemicals company Kao, according to Seth Fischer, founder and CIO at Oasis Management. David Einhorn, Greenlight Capital Investment Investment idea: Solvay Greenlight's David Einhorn unveiled Solvay as his top investment idea , saying the European chemicals company is a market leader with an attractive valuation.

Persons: Vijay Shilpiekandula, Vijay, ASML, Shilpiekandula, Jesse Cohn, Etsy, Cohn, Seth Fischer, Kao, Fischer, David Einhorn, Solvay, Einhorn, Michael Buckley, Natera, Buckley, Mohammed Anjarwala, Carpenter, Anjarwala Organizations: Elliott Investment Management Investment, Elliott Investment Management, Body, Oasis Management Investment, Oasis Management, Nikkei, Greenlight Capital Investment Investment, Solvay, Duquesne Family, Duquesne Family Office, Global, Technology Carpenter Technology, Boeing, Airbus Locations: New York, Europe, Bath

☆ Betty Cole Dukert, Top ‘Meet the Press’ Producer, Dies at 96
▼ + stars: | 2024-04-01 | by ( Richard Sandomir | ) www.nytimes.com time to read: +1 min

Betty Cole Dukert, who began her career in Washington as a secretary in the 1950s and later became the top producer of the weekly NBC News public affairs program “Meet the Press,” died on March 16 at her home in Bethesda, Md. Her late husband’s niece Barbara Dukert Smith said the cause was complications of Alzheimer’s disease. “She was the main point of contact on Capitol Hill for the show,” said Betsy Fischer Martin, who started on “Meet the Press” as an intern and became the program’s executive producer in 2002. “She worked the phones constantly. It wasn’t an era when you could send off an email to book someone.”

Persons: Betty Cole Dukert, ”, Barbara Dukert Smith, Dukert, Betsy Fischer Martin, “ Organizations: NBC News, Press, “, NBC, Capitol Locations: Washington, Bethesda, Md

☆ Opinion: Trump videos send wildly different messages
▼ + stars: | 2024-03-31 | by ( Richard Galant | ) edition.cnn.com time to read: +19 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. In a video promoting the Bible, Trump said, “Religion and Christianity are the biggest things missing from this country. … we need to bring them back.”On Good Friday, Trump posted a very different kind of video. It showed an image of President Joe Biden lying sideways and tied up in the bed of a pickup truck. “Robert F. Kennedy Jr.’s independent presidential campaign can’t win, but it could swing the presidency to former President Donald Trump,” Begala wrote.

Persons: Matthew Arnold, Homer, King James, Donald Trump, ”, Lee Greenwood’s, AJ Willingham, Trump, Joe Biden, Drew Sheneman, MAGA, Biden, Fareed Zakaria, ” Zakaria, Candida Moss, he’ll, he’s, Barack Obama, Bill Clinton, Julian Zelizer, ” “, …, ” Clay, “, Obama, “ Obama, CNN Trump, —, Attorney Alvin Bragg, “ Trump, Stormy Daniels, ” Norman Eisen, Andrew Warren, James Antle III, stoked, Letitia James, Dali, Francis Scott Key, Tasos Katopodis, Richard Timme, ” Timme, Salvatore R, Mercogliano, ’, Jalal Baig, Catherine, Princess of Wales, Baig, Paul Hockenos, “ It’s, Robert F, Kennedy Jr, Nicole Shanahan, Eric Risberg, Paul Begala, Ross Perot, George H, Bush, “ Robert F, can’t, ” Begala, ” Shanahan “, Sergey Brin, Hillary Clinton, Pete Buttigieg, Ro Khanna, Lee Drutman, Mark Osler, Jill Filipovic, Lisa Murkowski, Obeidallah, Johnson Ronna, Ronna McDaniel, Justin Sullivan, McDaniel, ” McDaniel, David Zurawik, Jack Ohman, Walt Handelsman, Tim Hubbard, Dennis Muilenburg —, Max, David Calhoun, ‘, ” Hubbard, Annelle, ” Sheline, ” Don’t, Frida Ghitis, Putin, Howard Fischer, Keith O’Brien, Pete Rose, Nick Anderson, Agency Sara Stewart, Mary Ziegler, Patrick T, Brown, shouldn’t, Emma Firth, Carter ’ Parkwood, Roxanne Jones, Cowboy Carter, Beyoncé, ” Jones Organizations: CNN, Oxford University, New, Trump, Nasdaq, NYPD, Hollywood, Biden, Cupp, Obama, Manhattan, Attorney, Democratic, US Coast Guard, Baltimore, Federal Highway Administration, RFK Jr, RFK, Google, The New York Times, Republican National Committee, NBC News, “, Press, NBC, MSNBC, Content Agency Boeing, Notre Dame, Boeing, US State Department, Israel, Tribune, Agency, Sony, AP Locations: Independence, New York City, America, New, Manhattan, Queens, New York, Baltimore, Coast, Suez, Port, China, Argentina, Red, Gaza, Wales, Northern California, California, Israel, Columbia

☆ Trump's deals to sell Bibles, sneakers and perfume are unprecedented for a presidential candidate, experts say
▼ + stars: | 2024-03-29 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

"I can't think of any other modern example of a presidential candidate hawking an array of goods for their private benefit," Fischer said. The website for the Bibles says it has no link to Trump's campaign. It instead uses Trump's name, likeness and image under paid license from a company called CIC Ventures LLC. Lessig noted that Trump's business moves do not appear to be violating campaign ethics or financial rules. A Trump campaign spokesman did not immediately respond to CNBC's request for comment.

Persons: Donald Trump, hawking, Joe Biden, Trump, Lawrence Lessig, Brendan Fischer, Fischer, Lee Greenwood's, Greenwood, Republican nominee's, Lessig Organizations: Trump, Trump —, White, Harvard Law School, CNBC, Republican, New York Times, Ventures, CIC Ventures Locations: Florida, West Palm Beach , Florida, Philadelphia

☆ Sam Bankman-Fried faces sentencing this week. Here’s what to expect
▼ + stars: | 2024-03-27 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Sentencing is a much more fluid process, with both sides allowed to make sweeping arguments to try to make their case to the judge. But instead, his life in recent years has been one of unmatched greed and hubris; of ambition and rationalization; and courting risk and gambling repeatedly with other people’s money,” prosecutors wrote in a memo. In a letter to the court, Marc Mukasey, the lawyer Bankman-Fried retained for sentencing, called the government’s memo “disturbing” and accused the government of trying to “break” Bankman-Fried. His behavior may come back to haunt Bankman-Fried in sentencing, Fischer said. But legal experts say that even if 100% of FTX customers get their money back, it’s not necessarily going to sway the judge to go easy on Bankman-Fried.

Persons: Sam Bankman, Judge Lewis Kaplan, ”, Kaplan, Howard Fischer, Moses Singer, Prosecutors, Fried, Marc Mukasey, Bankman, ” Mukasey, “, Sam, ’, Caroline Ellison, Fischer, ” Ellison, Bernie Madoff, it’s, ’ ”, John Ray, ” Ray Organizations: New, New York CNN, Southern, of, Prosecutors, Bankman, MIT, Detention, ” Prosecutors, Alameda Research Locations: New York, Manhattan, of New York, Palo Alto , California, Brooklyn, Bankman, FTX, Alameda

☆ Activist Oasis may turn to a preferred playbook to help build value at Greencore
▼ + stars: | 2024-03-23 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Business: Greencore Group is an Ireland-based manufacturer of convenience foods. Premier Foods has generated a total return of nearly 300%, while Greencore is down 41.5% in that time. It is hard to believe there is another investor more qualified to create shareholder value at Greencore than Oasis. In addition, at The Restaurant Group and Premier, Oasis pushed for the sale of non-core assets, which is consistent with streamlining operations and creating shareholder value. One Greencore director who Oasis knows well is Alastair Murray, the former CFO and once-interim CEO of Premier Foods.

Persons: Seth Fischer, Greencore, Daniel Wosner, Oasis, Gavin Darby, Darby, Wosner, Wosner's reappointment, Dalton Philips, Catherine Gubbins, Alastair Murray, Murray, Ken Squire Organizations: Greencore, Convenience Foods, Ireland, Oasis Management, Oasis, Premier Foods, Apollo, Premier, Group, 13D Locations: Ireland, United Kingdom, Hong Kong, Tokyo, Austin, Cayman Islands, Asia, Europe

☆ World's first-ever global emissions tax takes a step closer to reality
▼ + stars: | 2024-03-22 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Countries at the meeting of the United Nations' International Maritime Organization in London signed a deal for shipping emissions to reach net zero "by or around" 2050. Ucg | Universal Images Group | Getty ImagesTwo weeks of talks at the United Nations shipping agency concluded in London on Friday, with a clear majority of countries emerging in favor of introducing the world's first-ever global emissions levy. The UN is on the edge of adopting the world's first-ever global emissions price, but the policy will only be as successful as countries make it to be. "The UN is on the edge of adopting the world's first-ever global emissions price, but the policy will only be as successful as countries make it to be," said Sandra Chiri, shipping emissions international outreach manager at the Ocean Conservancy, a U.S.-based advocacy group. Other proposals include a push to combine a price on shipping emissions with an international emissions standard for maritime fuel.

Persons: Sandra Chiri, Chiri, Gregor Fischer Organizations: United Nations, International Maritime Organization, Ucg, Getty, UN, Ocean, Ocean Conservancy, EU, Marshall Locations: London, Caribbean, U.S, Pacific, Africa, Canada, decarbonize, Fiji, Marshall Islands, Vanuatu, Barbados, Jamaica, Grenada, Belize

☆ These 4 GOP senators voted to rip away millions of dollars in federal funding that they had secured for their home states
▼ + stars: | 2024-03-09 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Seventeen GOP senators had secured funding for specific projects in their home states in the bill. Four of them voted to strip all those projects out, and Sen. Tuberville voted against the entire bill. AdvertisementFour GOP senators voted for a provision on Friday that would have ripped away millions of dollars in federal funding that they had worked to secure for their home states. Known colloquially as "earmarks," the CDS process allows lawmakers to request federal funding for individual projects in their home states. Forty House Republicans did the same thing on Wednesday, voting against the government funding bill despite the fact it secured millions in earmarks funding for their districts.

Persons: Sen, Tuberville, —, Joe Biden, Republican Sen, Rick Scott, Scott, Deb Fischer, Nebraska John Thune of, Nebraska John Thune of South Dakota Thom Tillis, North Carolina Tommy Tuberville, Alabama Fischer, Thune, Tillis, nonbinding, Democratic Sen, Chris Murphy of Connecticut, — Chris Murphy 🟧, ake, hough Organizations: GOP, Service, Republican, CDS, Republicans, Nebraska John Thune of South Dakota, North, Democratic, ust Locations: Florida, Nebraska John Thune of South, North Carolina

☆ How the fortune of one of America’s biggest pharmaceutical families has quietly funded conservative causes
▼ + stars: | 2024-03-03 | by ( Casey Tolan | ) edition.cnn.com time to read: +21 min

From The Searle Freedom TrustThis year, the Searle trust is poised to play an even bigger role as it empties out its coffers. Researchers who study political nonprofits say that the Searle trust has had a major impact, even as the Searle family has stayed under the radar compared to more well-known conservative benefactors. The Searle trust is one of the most prolific funders of conservative groups among all private foundations, according to a CNN analysis of nonprofit tax data. The Searle trust has given millions to the Foundation for Government Accountability, which has worked behind the scenes to push conservative policies such as stricter voting laws. Dennis, the CEO of the Searle trust, is also the chair of DonorsTrust.

Persons: Searle, Daniel C, Trump, Donald Trump, ”, Galen Hall, who’s, Kimberly Dennis, ” Searle, “, Sarah Scaife, doesn’t, Michael B, Thomas, SPN, They’ve, ” Brendan Fischer, Brendan Fischer, “ They’ve, ” Hall, Caleb Rossiter, ” Galen Hall, movement’s MAGA, It’s, Mike Pence, that’s, Dennis, Henry Ford, John D, Rockefeller, ” Fischer, Gideon, Michael Searle, ” Dennis, “ We’re, Dan, Gideon Daniel Searle, Daniel Searle, Jonathan Eig, Jack Searle, Daniel Searle’s, Gregory Pincus, John Rock, Pincus, weren’t, –, Sue, Eig, Margaret Marsh, Enovid, misoprostol, Searle –, Pfizer –, ” Daniel Searle, Donald Rumsfeld, Searles, Biden, Wade, Dobbs, Kristen Batstone Organizations: CNN, Searle Freedom Trust, University of Michigan, Sarah Scaife Foundation, Searle, American Enterprise Institute, Reason Foundation, Tax Foundation, Manhattan Institute, Cato Institute, Foundation, Government, State Policy Network, American Legislative Exchange Council, Fair, Pacific Legal Foundation, Federalist Society, Competitive Enterprise Institute, Environment Research Center, CO2 Coalition, Heartland Institute, ”, CO2, Heartland, Republican Party, movement’s, America, Policy Institute, Trump, American Freedom Foundation, Everett, FDA, Rutgers University, Pfizer, Monsanto, Heritage Foundation, Reason, Affordable, New Civil Liberties Alliance, Public Policy Center, Claremont, National Women’s Health Network, Trust, IRS Locations: Missouri, St, Louis , Missouri, California, judgeships, ”, Omaha, Metamucil, Dramamine, Puerto, Brazil, Diet Coke, America

☆ VC Dick Costolo dishes on the new startup funding frenzy and valuations coming back to earth. 'The world now is much more sane.'
▼ + stars: | 2024-02-26 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

He prefers getting to know founders long before they decide to raise money so he can pounce on the right opportunity. Investors, including hedge funds, hurtled term sheets at founders to beat the competition, skipping the usual diligence along the way. Flush with cash, the partners are seeing a flood of hyper-growth startups come to market for funding after a two-year dry spell. The funding blockage is also softening as valuations come back to earth, Costolo said. "Prices are a lot more sensible now," Costolo said, noting the exception of valuations in artificial intelligence.

Persons: Dick Costolo, Costolo, Costolo isn't, Adam Bain, Twitter's, Dario Amodei, Kimberly White, Getty Costolo, they're, Bain, David Fischer Organizations: Twitter, Business, Advisors, Software, Carta, TechCrunch, Google, Nvidia, Fund, Health Locations: Jackson Hole , Wyoming, Detroit

☆ Last Chance Lake: A ‘soda lake’ in North America could point to the origin of life on Earth
▼ + stars: | 2024-02-17 | by ( Ayurella Horn-Muller | ) edition.cnn.com time to read: +9 min

Last Chance LakeLast Chance Lake is no more than 1 foot deep. Haas displays a piece of dry-season lake crust taken from Last Chance Lake in September 2022. Last Chance Lake isn’t 4 billion years old — in fact, it’s estimated to have been around less than 10,000 years. Past studies suggest a primordial version of the soda lake may very well have included the substance. “Understanding how life originated on Earth has this importance for our search for life outside of Earth,” Haas told CNN.

Persons: —, David Catling, “, ” Catling, It’s, Sebastian Haas, Haas, David C, isn’t, ”, ” Haas, Catling, Charles Darwin, Matthew Pasek, Pasek, they’re, Woodward Fischer, Ayurella, Muller Organizations: CNN, British Columbia, University of Washington, geosciences, University of South, California Institute of Technology, “, Climate Central Locations: Canadian, British, British Columbia, Chance, Yellowstone, University of South Florida, Axios, ”

☆ Amy Schumer responds to criticism of her 'puffier than normal' face and explains that she's dealing with medical issues
▼ + stars: | 2024-02-16 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAmy Schumer has responded to comments speculating on her appearance during recent interviews, explaining that her face is "puffier than normal" due to endometriosis. And you're right it is puffier than normal right now." "There are some medical and hormonal things going on in my world right now, but I'm okay," Schumer added. In September 2021, Schumer underwent surgery to remove her uterus and appendix as a treatment for endometriosis.

Persons: —, Amy Schumer, I've, Schumer, Jimmy Fallon, Gene David, Chris Fischer Organizations: Service, Business, World Health Organization, WHO, American College of Obstetricians, endometriosis

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