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☆ Apple's buyback plan is one of the key reasons the stock is rallying, says JPMorgan's Chatterjee
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's buyback plan is one of the key reasons the stock is rallying, says JPMorgan's ChatterjeeSamik Chatterjee, JPMorgan analyst, joins 'Money Movers' to discuss Apple's share buyback plan, if a return to growth in Apple's China business is near, and more.

Persons: JPMorgan's Chatterjee Samik Chatterjee Organizations: JPMorgan Locations: China

☆ It's likely only a matter of time until Russia captures a key town in Ukraine, intel chief says
▼ + stars: | 2024-05-03 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Ukraine is likely to lose the key eastern town of Chasiv Yar to Russia, a top intelligence official said. AdvertisementUkraine likely faces the approaching loss of a key eastern town to Russia, one of the country's top intelligence officials said. Much of the town in question, Chasiv Yar, is little more than rubble after more than a year of bombardment. BAKHMUT, UKRAINE - SEPTEMBER 27: An aerial view of the city of Bakhmut totally destroyed from heavy battles on September 27, 2023 in Bakhmut, Ukraine. AdvertisementWhile Chasiv Yar holds, Russia has carved a salient about 25 miles to the southwest in the village of Ocheretyne.

Persons: Chasiv Yar, Chasiv, —, Vadym Skibitsky, Bakhmut, Serhiy Hrabsky, Vladimir Putin's, Skibitsky, Avdiivka, Putin Organizations: Service, Ukraine Patrol Police, AP, Russia, New York Times, Russian, Ukrainian, Libkos, Pentagon, Economist Locations: Ukraine, Chasiv, Russia, Donetsk, Chasiv Yar, Bakhmut, Luhansk, BAKHMUT, UKRAINE, Ocheretyne, Russian, Beijing

☆ Friday's analyst calls: Street reacts to Apple buybacks and Coinbase earnings
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +12 min

Analyst Scot Ciccarelli upgraded the retailer to buy from hold and raised his price target by $6 to $86. — Alex Harring 6: 22 a.m.: Here's what Wall Street thinks of Coinbase's earnings Coinbase's stronger-than-expected earnings have prompted analyst reactions. Barclays' Benjamin Budish (underweight, $179 price target unchanged, 21.8% downside): "The biggest question going forward is, how sustainable are these trends? — Alex Harring 6:12 a.m.: Wall Street reacts to Apple earnings Apple's buyback announcement has caught the eye of Wall Street analysts. Analyst Benjamin Nolan upgraded the railroad stock to buy from hold and increased his price target by $19 to $267.

Persons: Morgan Stanley, Jefferies, Bernstein, Aneesha Sherman, Sherman, — Alex Harring, Truist, Scot Ciccarelli, Ciccarelli, Ollie's, Estee Lauder, Dara Mohsenian, Mohsenian, Alex Harring, FactSet, Coinbase, what's, —, Goldman Sachs, Will Nance, Benjamin Budish, Oppenheimer's Owen Lau, JPMorgan's Samik Chatterjee, Morgan Stanley's Erik Woodring, Michael Ng, bullish, George Notter, Notter, We've, it's, Stifel, Benjamin Nolan, Nolan, — Alex Harring —, Michael Bloom Organizations: CNBC, Arista and Union Pacific, Apple, Arista, FactSet, Barclays, Bloomberg, ASU, Street, Services, Jefferies, Arista Networks, Nvidia, Microsoft, Meta, Pacific, Union Pacific Locations: F3Q, China, Thursday's

☆ Here's what's driving Friday's stock action in Apple, Coterra and Eli Lilly
▼ + stars: | 2024-05-03 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "This is the kind of number you need that basically says the Fed is doing their job," Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Coterra, naysayers, Eli Lilly, drugmaker Amgen, we're, Jim Cramer's, Jim Organizations: CNBC, Club, Apple, Coterra Energy, Mizuho Securities

☆ The portfolio manager whisperers
▼ + stars: | 2024-05-03 | by ( Alex Morrell | ) www.businessinsider.com time to read: +24 min

AdvertisementHistorically, a hedge fund's chief investment office or senior portfolio manager was responsible for vetting and wooing key investment hires. They can also help hedge funds save on outside recruiting costs, which can add up to tens of millions a year. Hedge funds targeted institutional salespeople at investment banks with exposure to hedge funds, as well as asset allocators with chops in portfolio-manager selection and due diligence. Assets at multimanager hedge funds have boomed since 2018. The principle may work for fictional baseball diamonds, but the reality at hedge funds is more complicated.

Persons: Taylor Swift, Travis Kelce, Goldman Sachs, —, That's, headhunter who's, liken, Nick Saban's, Midlevel, headhunter, Ken Griffin, Michael Kovac, execs, Jennifer Blake, BD Thomas DeAngelis, Walleye Capital Paritosh Singh, Americas Michael Grad, BlueCrest Lindsay Previdi, Point72, Freestone Grove Matthew Giannini, Ken Griffin's, ExodusPoint, Brevan Howard, breakneck buildout, Michael Gelband —, Jonathan Hoffman, Alexander Phillips, ExodusPoint's, Millennium's Izzy Englander, noncompetes, Millennium Management Amanda Gordon, multimanagers, who've, Goldman, Schonfeld, Brevan Howard —, Neil Chriss, Harry Schwefel, Jonathan Brenner, Walleye's, Thomas DeAngelis, DeAngelis, Brenner, DeAngelis hasn't, Kansas City Chiefs Travis Kelce, Erick W, Rasco, Donald Trump's, America couldn't, Citadel execs Todd Barker, Daniel Morillo —, Jeff Runnfeldt, Bobby Jain, allocator Organizations: NFL, Business, Citadel, BD, University of Alabama, execs, Balyasny, Walleye Capital, Millennium, Americas, Freestone Grove, — Citadel, Walleye, BI, Costco, Millennium Management, Bloomberg, Getty, Investor, Barclays, Barclays Capital Solutions, Brookfield, Paloma Partners, Kansas City Chiefs, San Francisco 49ers, Allegiant, Getty Images, Black, Investors, ex, Fortress Locations: America, multimanagers, —, Hudson Bay, Schonfeld, Israel, multimanager, Europe, Middle East, Africa, Vegas, Balyasny

☆ This rare muscle disease play can rally more than 50%, BofA says
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Avidity Biosciences stock has more room to run thanks to the company's pipeline of multiple treatments for rare muscle disorders, according to Bank of America. Avidity has a therapeutic platform — antibody oligonucleotide conjugates — that was well-received at the time it went public in 2020, Meacham said. But shares were hurt by a clinical hold on Avidity's leading program for treating an uncommon muscle disorder, DM1. The program, tested in the Marina trial, recently saw long-term data that has "helped lift that key overhang on the stock," Meacham said. Those catalysts are tied to two other drugs in the muscle disorder space that are expected to report data this year, according to Meacham.

Persons: Geoff Meacham, Meacham Organizations: Biosciences, Bank of America Locations: San Diego, Thursday's

☆ Turn to emerging markets for investments that ‘will power the AI revolution,’ portfolio manager says
▼ + stars: | 2024-05-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

A lower rate environment this year will boost the thesis for investing in emerging markets, according to Christine Phillpotts, a portfolio manager at Ariel Investments. Phillpotts, who manages Ariel's Emerging Markets Value and Emerging Markets Value ex-China strategies, told CNBC's Mike Santoli at Berkshire Hathaway's annual shareholder meeting that there are several reasons why emerging markets should outperform in 2024 and beyond. For starters, a lower interest rate environment would mean that investors would increase flows to ex-U.S. regions, including emerging markets. The portfolio manager noted that valuation discounts for emerging market equities are at all-time lows, based on a comparison of the MSCI Emerging Markets Index versus the S & P 500. For investors interested in artificial intelligence beneficiaries, Phillpotts highlighted that key opportunities in emerging markets lay within the picks-and-shovels plays that "will power the AI revolution."

Persons: Christine Phillpotts, CNBC's Mike Santoli, She's, Ariel's, Phillpotts, Warren Buffett's Organizations: Ariel Investments, Federal Reserve, Ariel, China Locations: China, Berkshire, U.S

☆ Turkey's inflation accelerates to nearly 70% in April
▼ + stars: | 2024-05-03 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday. On a monthly basis, Turkey's inflation increased 3.18%, led by price rises in alcoholic beverages and tobacco, and hotels, cafes and restaurants. April's inflation rate marks the highest annual increase since November 2022, when inflation was around 85%. But any hopes of interest rate cuts are a long way off, economists said. Turkey's central bank has hiked its key interest rate to 50%, citing the continuing need to counter climbing inflation in the country.

Persons: Kemal Ataturk, April's, Liam Peach Organizations: Turkish, Turkish Statistical Institute, Economics Locations: Turkish, Sisli, Istanbul, Turkey, London

☆ Here are Friday's biggest analyst calls: Apple, Target, Coinbase, Berkshire Hathaway, Estee Lauder & more
▼ + stars: | 2024-05-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

JPMorgan upgrades Williams-Sonoma to neutral from underweight JPMorgan said in its upgrade of the stock that the home furnishings category is stabilizing. "We are downgrading shares of EXPE to Mkt Perform from OP with a target price of $145 vs. $165 previously." JPMorgan upgrades Joby to neutral from underweight JPMorgan said its bear thesis has largely played out for the aviation company. Guggenheim reiterates Target as buy Guggenheim said investors should buy the dip in shares of Target . Morgan Stanley downgrades Estee Lauder to equal weight from overweight Morgan Stanley said it sees a slower recovery for shares of Estee Lauder .

Persons: Stifel, Wells, Truist, OLLI, Guggenheim, Tim Cook, William Blair, Amgen, Jefferies, We've, Ari sta, it's, Morgan Stanley downgrades Estee Lauder, Morgan Stanley, Estee Lauder, TD Cowen, Parsons, Bernstein, Oppenheimer, CFRA, Berkshire Hathaway Organizations: RBC, FTAI Aviation, Pacific, Union Pacific, JPMorgan, Williams, WSM, BMO, Bank of America, Apple, Kiniksa Pharmaceuticals, JOBY, Guggenheim, Target, Citi, MCW, Arista, PSN, Avidity, ~$ Locations: Sonoma, EXPE, GEICO

☆ Richard Branson shares the simple mindset that's key to his success: 'I don't ever think of myself as a businessperson'
▼ + stars: | 2024-05-03 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Richard Branson doesn't think of himself as a businessman — and he believes that helped him build Virgin Group into what it is today. "I don't ever think of myself as a businessperson, or even really an entrepreneur," Branson tells CNBC Make It. "I just see myself as somebody that loves to create things that I can be proud of." "There's many things that we've done that we wouldn't have done if we'd listened to accountants," says Branson. Perhaps ironically, the strategy has proved lucrative for Branson, whose current net worth is estimated at $2.5 billion, according to Forbes.

Persons: Richard Branson doesn't, —, Branson, we'd Organizations: Virgin Group, CNBC, Virgin Atlantic, Virgin Galactic, Branson, Forbes Locations: Branson

☆ Key focus for Berkshire's meeting this year will be succession plans, says Chris Marangi
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKey focus for Berkshire's meeting this year will be succession plans, says Chris MarangiChris Marangi, Co-CIO of Value at Gabelli Funds, discusses Berkshire Hathaway's annual meeting.

Persons: Chris Marangi Chris Marangi Organizations: Funds Locations: Berkshire

☆ Asia markets higher as Wall Street gains ahead of key U.S. jobs report
▼ + stars: | 2024-05-03 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

A gong inside the Hong Kong Stock Exchange. China Vanke's subsidiary Onewo and EV maker Zhejiang Leapmotor Technology began trading on the Hong Kong market on Thursday. Asia-Pacific markets rose on Friday, tracking Wall Street gains ahead of key U.S. employment data. Economists polled by Dow Jones expect to see 240,000 job gains in the U.S. April nonfarm payrolls report due Friday at 0830a.m. Stock markets in Japan and mainland China were shut for public holidays.

Persons: Dow Jones, nonfarm Organizations: Hong Kong Stock Exchange, China Vanke's, Zhejiang Leapmotor Technology, Apple, Investors, U.S . Federal Reserve, Stock, U.S Locations: China, Hong Kong, Asia, Pacific, U.S, 0830a.m, Taiwan, South Korea, South, Japan

☆ Paris 2024: Ukrainian athletes urged to avoid Russians and Belarusians at Olympics
▼ + stars: | 2024-05-03 | by ( Radina Gigova | Svitlana Vlasova | ) edition.cnn.com time to read: +3 min

CNN —Ukrainian athletes have been urged by the country’s National Olympic Committee (NOC) to avoid contact with Russians and Belarusians during the 2024 Olympics in Paris so that possible “provocative actions” can be prevented. Ukrainian athletes are also asked “not to communicate or discuss on social media with individual neutral athletes from Russia and Belarus” and not to share or respond to their content. Ukrainian athletes are also urged to refrain from “participating in press conferences, live broadcasts, interviews and other promotional events with individual neutral athletes of the Russian Federation and Belarus before and after the competition,” according to the recommendations. The International Olympic Committee (IOC) announced in December that Russian and Belarusian athletes will only be eligible to compete as individual neutral athletes at this year’s Paris Games. Teams of Russian and Belarusian athletes will not be considered, while athletes who actively support the war against Ukraine will also be ineligible.

Persons: ”, “, Dmytro Kuleba, ” Kuleba, Alexander Lukashenko, Vladimir Putin Organizations: CNN, country’s, Olympic Committee, Ministry of Youth, Sports, Belarus ”, Russian Federation, Paris, Games, IOC Locations: Paris, Russia, Belarus, Belarusian, Ukraine

☆ Treasury yields inch higher ahead of April jobs report
▼ + stars: | 2024-05-03 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

One basis point is equivalent to 0.01%. ET, the yield on the 10-year Treasury was up by more than one basis point to 4.5814%. The 2-year Treasury yield was last over one basis point higher to 4.8891%. U.S. Treasury yields were slightly higher on Friday as investors awaited key labor market data that could provide hints about the state of the economy. Investors looked ahead to the April jobs report, which investors will be scanning for clues about whether the labor market is easing or remaining resilient.

Persons: Dow Jones Organizations: Treasury, U.S, Investors, Federal Reserve

☆ Top 10 most livable small to midsize cities where the median home price is $500,000 or less
▼ + stars: | 2024-05-03 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

Livability, a media and marketing company that ranks places based on how livable they are, released its annual list of the 100 most livable small to midsize cities in the US this week. AdvertisementThe list is limited to cities with populations under 500,000 people that also have median home values under $500,000. Livability's list of 100 cities is not ranked in order, as you are able to filter and rank the list based on your top priorities. All one 100 cities can also be viewed on a US map, so you can easily search by region or state. AdvertisementThe following ranking of the top 10 best small to midsize cities to live in is based on the overall livability scores.

Persons: — Organizations: Service, Business, Census, of Labor Statistics Locations: Los Angeles and New York, Montana, Miami, Oakland

☆ The husband and wife team behind 'The Fall Guy' reveal how their own love affair inspired stars Emily Blunt and Ryan Gosling
▼ + stars: | 2024-05-03 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +8 min

Their latest film, "The Fall Guy," looks to continue that streak of success. 'The Fall Guy' evolved from film noir to action rom-comRyan Gosling plays stuntman Colt Seavers in "The Fall Guy." Eric Laciste/Universal Pictures"The Fall Guy" movie adaptation had been bouncing around Hollywood for decades, with everyone from Nicolas Cage to Dwayne "The Rock" Johnson attached to star. AdvertisementIn "The Fall Guy," Gosling's Colt must clear his name after footage appears to implicate him in the death of another stuntman. AdvertisementThe Taylor Swift song "All Too Well" wasn't originally in the movieRyan Gosling and Emily Blunt in "The Fall Guy."

Persons: —, David Leitch, Kelly McCormick, they've, Shaw, Guy, it's, Lee Majors, Colt Seavers, Ryan Gosling, Jody Moreno, Emily Blunt, Leitch, McCormick, who's, Brad Pitt, McCormack, Gosling, Blunt's, Eric Laciste, Nicolas Cage, Dwayne, Johnson, David, Blunt, Jody, Emily, " Leitch, Ryan, Leitch David Leitch, Kiss, Yungblud, I'm, Tom Cruise's, Taylor, Colt, Harry Nilsson's, Taylor's Organizations: Service, Business, Pictures, Universal, Colt, deepfakes, Hollywood Locations: Hollywood

Daring, wild, and over-the-top designs are a key part of Met Gala fashion. In 2023, Leto arrived at the Met in a full-body catsuit in homage to Karl Lagerfeld's cat. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe Met Gala is one of the most outrageous fashion events of the year thanks to its elaborate themes and corresponding dress codes. Ahead of this year's Met Gala on Monday, May 6, here's a look back at 60 of the most outrageous looks celebrities have worn to fashion's biggest night.

Persons: Jared Leto, Rihanna, Kim Kardashian, Leto, Karl Lagerfeld's, — Organizations: Met, Service

☆ Yen poised for best week in over a year; dollar waits on U.S. jobs data
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: +3 min

Elsewhere, the dollar lost ground against most of its peers and was headed for its worst week in nearly two months, in part due to the sharp rise in the yen this week. The euro ticked up 0.05% to last trade at $1.0730, and was eyeing a weekly gain of 0.35%. "Recent Fed speech has acknowledged the lack of progress on inflation and the desire to maintain the current level of policy rates for longer. Down Under, the Australian dollar edged 0.07% higher to $0.6570, and was on track to gain nearly 0.6% for the week. The New Zealand dollar tacked on a marginal 0.03% to $0.5963, and was eyeing a 0.4% weekly gain.

Persons: Tokyo's, Vishnu Varathan, Jerome Powell, Sterling steadied, Tai Hui Organizations: Traders, Bank of Japan, Ministry of Finance, Mizuho Bank, Federal, Fed, Morgan Asset Management, New Zealand Locations: Asia, tenterhooks, Tokyo, Japan

☆ Stocks' bull run will end in a bubble or recession, says Bank of America strategist
▼ + stars: | 2024-05-03 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Stocks are in a "late secular bull market," BofA's Michael Hartnett said in a Friday research note. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe bull market that's pushed stock prices higher for the past year and a half will probably end in tears, Bank of America's Michael Hartnett warned. Equities are in a "late secular bull market" that likely "ends with [a] bubble and/or recession," the bank's chief investment strategist wrote in a Friday research note seen by Business Insider. Hartnett's bearish stance clashes with the view held by BofA's head of US equity and quantitative strategy, Savita Subramanian, who has predicted that stocks' bull market will last.

Persons: BofA's Michael Hartnett, —, of America's Michael Hartnett, Hartnett's, Hartnett, Marko Kolanovic, BofA's, Savita Subramanian, stagflation Organizations: Service, of America's, Business, JPMorgan

☆ Buffett disciple Bill Stone shares key lessons he's learned after going to 20 annual meetings
▼ + stars: | 2024-05-03 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Bill Stone, chief investment officer at Glenview Trust, has attended 20 Berkshire Hathaway annual shareholder meetings in Omaha, Nebraska. A longtime Warren Buffett disciple and a Berkshire shareholder since 1999, Stone's own investing style has been inspired by the "Oracle of Omaha" — a value-oriented approach with an emphasis on the so-called margin of safety. "You look at stocks, not as pieces of paper, but as businesses," he said in CNBC's latest Pro Talks . Can I possibly forecast that they'll continue to earn these profits?" Ahead of this year's "Woodstock for Capitalists" Saturday, Stone shared what he's learned from Buffett's investing philosophy and what he expects from the annual meeting without the late Charlie Munger.

Persons: Bill Stone, Warren Buffett, Stone, he's, Charlie Munger, Charlie Munger . Stone, Dominic Chu, Yun Li, Salomon Brothers Buffett Organizations: Glenview Trust, Berkshire Hathaway, Charlie Munger ., CNBC's Locations: Glenview, Omaha , Nebraska, Berkshire, Omaha, Woodstock

☆ America's big stagflation scare is over
▼ + stars: | 2024-05-03 | by ( Filip De Mott | ) 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 previewThe US economy looks to have steered clear of danger after the specter of stagflation spooked markets and put analysts on edge in recent weeks. Further, average hourly earnings unexpectedly declined to 0.2%. And since elevated labor costs are part of the stagflation equation, the dip in average hourly earnings also signaled a period of languid growth will be avoided. It sent alarm bells ringing around stagflation, which occurs when inflation stays high despite a cooling economy.

Persons: —, specter, Marko Kolanovic, Mohamed El, Bank of America's Michael Harnett —, Harnett Organizations: Service, Business, Bank of America, Bloomberg, Bank of America's

☆ Why Wall Street is so happy to see the job market slowing down
▼ + stars: | 2024-05-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks soared on Friday after a light April jobs report gave investors hope of a rate cut sooner than later. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The market is currently in a situation where negative economic news is positive for risk assets like stocks. Advertisement"The April jobs report was just what the market ordered," Russell Price, chief economist at Ameriprise, wrote in a client note. Today's jobs report was the "first material 'downside surprise' in over two years," added Key Wealth CIO George Mateyo in comments to Business Insider.

Persons: —, Russell Price, George Mateyo Organizations: Service, Federal Reserve, Treasury, Ameriprise, Business

Britain’s Conservative Party suffered striking early setbacks on Friday in local elections that are viewed as a barometer for how the party will perform in a coming general election and a key test for the embattled prime minister, Rishi Sunak. Only a minority of the results had been announced by early Friday, but already the signs were ominous, if not unexpected, for Mr. Sunak’s Conservatives, who have trailed the opposition Labour Party by double digits in national polls for 18 months. The Conservatives have lost more than 120 seats so far, including six in Hartlepool, in northeast England, where the Conservatives had made inroads after Brexit but have more recently lost ground to the resurgent Labour Party. Labour also won a special election for a parliamentary seat in Blackpool South, a seaside district, in a huge swing of votes away from the Conservatives, who had held the seat but narrowly missed finishing third, behind Reform U.K., a small right-wing party. The previous Tory member of Parliament, Scott Benton, resigned in March after becoming embroiled in a lobbying scandal.

Persons: Rishi Sunak, Scott Benton Organizations: Britain’s Conservative Party, Sunak’s Conservatives, Labour Party, Conservatives, Labour, Blackpool, Reform Locations: Hartlepool, England

☆ Biden presents Medal of Freedom to key political allies, civil rights leaders, celebrities and politicians
▼ + stars: | 2024-05-03 | by ( Michael Williams | Sam Fossum | ) edition.cnn.com time to read: +6 min

Washington CNN —President Joe Biden on Friday honored 19 Americans with the nation’s highest civilian honor, the Presidential Medal of Freedom - a diverse list that includes some high-profile Biden political allies, celebrities, civil rights leaders and even one of his former political rivals-turned-financial backer. The list included two of Biden’s core allies in the House of Representatives: former House Speaker Nancy Pelosi and South Carolina Rep. Jim Clyburn. President Joe Biden awards the Medal of Freedom to Democratic Rep. James Clyburn during a ceremony in the East Room of the White House on May 3, 2024 in Washington, DC. President Joe Biden presents the Presidential Medal of Freedom to Olympic swimmer Katie Ledecky during a ceremony at the White House in Washington, DC, on May 3, 2024. They are the pinnacle of leadership in their fields,” the White House said in the statement.

Persons: Joe Biden, Biden, Nancy Pelosi, Jim Clyburn, Pelosi, Donald Trump, “, ” Biden, “ Nancy, Paul, ” Clyburn, coalescing, Clyburn, James Clyburn, Kevin Dietsch, Jim, ”, Michael Bloomberg, Michelle Yeoh –, Barack Obama, Sen, Elizabeth Dole, Bob Dole, Al Gore –, John Kerry, George W, Bush, Gore “, Donald Trump’s, Kerry, Opal Lee, Medgar Evers, Frank Lautenberg, Jim Thorpe, Clarence B, Jones, Martin Luther King’s, Juneteenth, Judy Shepard, Matthew, Jane Rigby, Ellen Ochoa, Katie Ledecky, Phil Donahue, Greg Boyle, United Farm Workers Teresa Romero, Evelyn Hockstein, Simone Biles, John McCain, Gabby Giffords Organizations: Washington CNN, South Carolina Rep, Democratic, Representatives, Democratic Rep, White, New York, Bloomberg, Republican, Getty, Jesuit Catholic, United Farm Workers, Reuters “ Locations: South Carolina, Washington , DC, Florida, United States, North Carolina, Massachusetts, American, Delaware, Washington ,

☆ Baltimore bridge: An Italian company that helped rebuild Genoa’s Morandi bridge offers to build new Key Bridge
▼ + stars: | 2024-05-03 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —The Italian company that helped rebuild a bridge that collapsed in Genoa in 2018 says it is ready to do the same in Baltimore. The bridge replaced the Morandi bridge, which collapsed in August 2018. Mauro Ujetto/NurPhoto/Getty ImagesThe Morandi bridge in Italy’s port city of Genoa collapsed in August 2018 after heavy rainfall, killing 43 people. WeBuild Group was among the companies that built the Genoa San Giorgio bridge in just 15 months to replace the Morandi bridge. The project, completed in 2020, cost a total of €290 million ($312 million), including the cost of demolishing the remains of the collapsed bridge.

Persons: Francis Scott Key, ” Carlo Ratti, Genoa's, Mauro Ujetto, Joe Biden, “ I’ve, ” Biden, “ Organizations: London CNN, WeBuild, Massachusetts Institute of Technology, Maryland Transportation, Port, Maryland Department of Transportation, CNN Locations: Genoa, Baltimore, United States, Genoa's San Giorgio, Italy’s, Genoa San Giorgio, Port of Baltimore

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