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☆ Election Updates: Trump wins Pennsylvania primary, but remains haunted by Haley
▼ + stars: | 2024-04-24 | by ( Chris Cameron | Anjali Huynh | ) www.nytimes.com time to read: +6 min

That exceeds the margin of 81,660 votes by which Mr. Biden won the state in the 2020 election. Tomorrow, Mr. Biden will head to Syracuse, N.Y., for a White House event, while Mr. Trump will head back to court. It remains unclear whether his decision to bypass any reconciliation with Ms. Haley will matter as November approaches. Mr. McCormick won an unopposed Republican primary for Senate in Pennsylvania, pitting him against Mr. Casey, the Democratic incumbent. Mr. Trump helped sink Mr. McCormick’s first run when he backed a rival candidate, the celebrity physician Dr. Mehmet Oz.

Persons: Biden, Donald J, Trump, Nikki Haley, Trump’s, Mr, Kamala Harris, Drew Barrymore, David McCormick, Bob Casey, Summer Lee, ‘ Scranton Joe ’ Biden, Haley holdouts, Dean Phillips, Haley, Lee, Bhavini Patel, Lee’s, Alexandria Ocasio, Cortez, Jeff Swensen, McCormick, Casey, McCormick’s, Mehmet Oz, Dr, Oz, Oz eked Organizations: Republican, North, Unions, Democratic, South, Credit, The New York, Trump, Senate, Mr Locations: Manhattan, New York, Syracuse, N.Y, Pennsylvania, Gaza, Scranton, Pa, South Carolina, G.O.P, Wisconsin , Rhode Island , Connecticut, Michigan, Pittsburgh, Cortez of New York, Israel

☆ This G.O.P. Senate Candidate Says He Grew Up on a Family Farm. Not Exactly.
▼ + stars: | 2024-04-19 | by ( Katie Glueck | Hannah Beier | ) www.nytimes.com time to read: 1 min

David McCormick’s origin story goes something like this: He grew up in rural Pennsylvania, southwest of Scranton. He baled hay, trimmed Christmas trees and otherwise worked on his family’s farm. And from those humble beginnings, he rose to achieve the American dream. “I spent most of my life in Pennsylvania, growing up in Bloomsburg on my family’s farm,” Mr. McCormick, now a Republican candidate for Senate, told Pittsburgh Quarterly in 2022. “I’ve truly lived the American dream,” he wrote in a fund-raising appeal in October.

Persons: David McCormick’s, “, ” Mr, McCormick, “ I’ve, ”, — Organizations: Republican, Senate, Pittsburgh Quarterly, West, 82nd Airborne Division Locations: Pennsylvania, Scranton, Bloomsburg, West Point, Pittsburgh

The weeklong Koyukon Athabascan burial ceremony in September was traditional in all ways but one: McCormick died in 1931. The 2,500-mile (4,000 km) journey ended at Morningside Hospital. For more than 15 years, volunteers in Fairbanks and in Portland have been working to identify the people who were committed to the hospital. Most records at the private hospital were lost in a 1968 fire, and territorial officials didn’t document those who were committed. McCormick died within weeks from a post-surgery infection.

Persons: — Lucy Pitka, McCormick, “, ”, Lucy, Wally Carlo, Karen Perdue, Niesje Steinkruger, Meg Green, Ellen Ganley, Robin Renfroe, Eric Cordingley, Ganley, Perdue, Gilford Kriska, Kriska, Henry Waldo Coe, Steinkruger, Cordingley, “ I’m, Baby Louise Haven, Lucy McCormick’s, —, Fairbanks, Helen Callahan, Carlo, Grandma Lucy, they’re Organizations: Morningside Hospital, Interior, National Archives, Alaska Natives, Morningside Locations: ANCHORAGE, Alaska, Fairbanks, Portland , Oregon, Valdez, Portland, Morningside, Oregon, College Park , Maryland, Nulato, Juneau, www.findagrave.com, Rampart

Elon Musk’s brain implant company Neuralink has moved its legal corporate home from Delaware to Nevada after a Delaware judge struck down Musk's $55.8 billion pay package as CEO of Tesla. Neuralink, which has its physical headquarters in Fremont, California, became a Nevada company on Thursday, according to state records. Delaware records also list the company's legal home as Nevada. “Never incorporate your company in the state of Delaware,” he wrote in one post after the court ruling. Musk, a co-founder of the privately held Neuralink, is listed as company president in Nevada documents.

Persons: Elon, Neuralink, Musk, Tesla, ”, “, Erik Gordon, Kathaleen St, Jude McCormick, McCormick, ‘, ’ ” McCormick, Musk’s, shouldn’t Organizations: Tesla, Austin, University of Michigan, Delaware, Musk, Forbes Locations: Delaware, Nevada, Fremont , California, Texas, “ Delaware, —

☆ Who can rein in Elon Musk? Someone you’ve probably never heard of
▼ + stars: | 2024-01-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

But this week, a Delaware state judge handed down a message that Musk and other powerful men in America seldom hear: Nope. The outcome of Musk’s pay package dispute is the latest instance of a towering, brash business leader getting put in his place by the one institution powerful enough to do so: US courts. Kathaleen McCormick struck down Elon Musk’s 2018 Tesla pay package after an investor challenged it as excessive. Kathleen Flynn/ReutersAmong the threads connecting Musk, Trump and McMahon is a history of evading negative consequences. “And if that’s the case, let that be a message to other people: The litigation system actually does work.”The pay package dispute wasn’t McCormick’s first rodeo with Musk.

Persons: CNN Business ’, New York CNN — Elon Musk, Kathaleen McCormick, who’d, Donald Trump, Trump, Vince McMahon, McMahon, Elon, Kathleen Flynn, Eric Talley, Talley, ”, Musk, McCormick, McCormick didn’t, “ We’ve, ‘, ’ ” Talley, “, Katie McCormick Organizations: CNN Business, New York CNN, Bloomberg, World Wrestling Entertainment, Reuters, Trump, Columbia, Twitter Locations: New York, Delaware, America

Even when compared with other CEOs, who routinely get paid roughly 200 times more than their typical employees, Elon Musk’s pay package was eye-opening. Critics have argued for years that CEO pay packages are exorbitant. Under Musk’s pay plan, he received a chunk of stock options each time Tesla’s market value rose by $50 billion. General Motors, for example, considers executive salaries at 3M, Boeing, Ford, IBM and other huge companies, and uses complex formulas to determine CEO compensation. Corporate law experts say any new compensation package for Musk will likely be challenged in court unless Tesla's board either resigns en masse or follows a meticulous process to protect shareholders by passing a substantially smaller package.

Persons: Tesla, Kathaleen St, Jude McCormick, Musk, Bernard Arnault, Critics, Blackstone’s Steven Schwarzman, “, ‘, ’ ” McCormick, Musk’s, shouldn’t, Mary Barra, Jim, Mark Zuckerberg, Tim Cook, they’re, ”, Charles Elson, ” Elson, Elson Organizations: Elon, Musk, Forbes, General Motors, 3M, Boeing, Ford, IBM, Big Tech, University of Delaware, Lawyers Locations: Delaware, —, Barra, U.S

Casino magnate Steve Wynn spent the night of the New Hampshire primary alongside Trump. Ron DeSantis’ biggest financial backers and donated $20 million to the super PAC backing DeSantis’ presidential bid. While some of these high-dollar financiers are coming around to Trump, others have shifted to former South Carolina Gov. Her fundraising swing through New York City is expected to bring in $1.5 million in new donations, according to a Haley campaign official. We are anywhere and everywhere in South Carolina.

Persons: Donald Trump, Steve Wynn, Robert Bigelow, Las Vegas businessman Don Ahern, Trump, Ahern, Bigelow, Ron DeSantis, DeSantis, Rebekah Mercer, Nikki Haley, MAGA, Haley – Trump’s, –, Haley, Charles Koch, Susie Wiles, Ken Griffin, Paul Singer, Ricketts, Griffin, Haley’s, ”, “, ” Griffin, Zia Ahmed, Ahmed, Dave McCormick’s, Tim Sheehy’s, Ken Langone, Cliff Asness, Stanley Druckenmiller, Nikki, ” Asness, “ We’ve, CNN’s Ebony Davis Organizations: CNN, Casino, New, Trump . Aerospace, Las Vegas businessman, Trump, Florida Gov, GOP, Mercer, Politico, South Carolina Gov, Inc, South Carolina, Republican, Prosperity, American Opportunity Alliance, Chicago Cubs, Citadel, U.S . House, ”, Republicans, Wall, AQR Capital Management, South, CBS News Locations: Lago, New Hampshire, Las, Trump’s, Nevada, Palm Beach , Florida, Florida, Trump, Kansas, Palm Beach, Pennsylvania, Montana, New York, New York City, ”, South Carolina

America’s weak.”Neither Casey nor McCormick are likely to face serious opposition in Pennsylvania's April 23 primary before facing off against each other in November's general election. The Biden administration's support for Israel has been complicated politically in other states the president is counting on in his reelection bid. “Israel needs America's firm and unequivocal support,” McCormick wrote. Jewish voters typically vote overwhelmingly Democratic, and Democrats right now are trying to balance their interest in protecting Israel with that of younger voters, who have been sympathetic to Palestinians, he said. “Jewish voters have been one of their most loyal supporter groups.

Persons: —, Biden, hasn't, David McCormick, Joe Biden, Democratic Sen, Bob Casey, McCormick, Casey, Donald Trump, West Virginia Sen, Joe Manchin, persuadable, Hillel, “, ” McCormick, Barack Obama, Israel's, ’ ” Casey, Israel, Israel ”, George W, Bush, Christopher Borick, ” Borick, it’s, Marc Levy Organizations: U.S . Senate, Democratic, Israel, Biden, Trump, Senate, West, Republicans, Hamas, CBS, American Israel Public Affairs Committee, Foreign, Jewish Community Center, Army, Pennsylvania, Jewish, Muhlenberg College Institute of Public Locations: HARRISBURG, Pa, Pennsylvania, Israel, Gaza, Iran, U.S, Afghanistan, Pennsylvania's, Michigan, Wisconsin, Rust, West Virginia, Pittsburgh, Philadelphia, Allentown

The House passed a GOP-led resolution on Tuesday to censure Rep. Rashida Tlaib over comments critical of Israel and in support of Palestinians amid Israel’s war against Hamas. The vote was 234 to 188 with four Republicans voting against and 22 Democrats voting in support of the censure resolution. Both censure resolutions reference the chant. But those reports were contradicted by American intelligence, which subsequently concluded that the Israel Defense Forces were not responsible for the explosion. Greene’s resolution accuses Tlaib of “lying about Israel’s responsibility for the attack.”In a statement on the two censure resolutions, Tlaib said, “It’s a shame my colleagues are more focused on silencing me than they are on saving lives, as the death toll in Gaza surpasses 10,000.

Persons: Rashida, Rich McCormick, Tlaib, it’s, “, ”, Ilhan Omar, Minnesota, Marjorie Taylor Greene, Greene, ” Tlaib, Hakeem Jeffries, “ Joe Biden, Biden, McCormick, It’s, Julie Singleton, McCormick’s, Tlaib “, Israel, ” “, ” CNN’s Manu Raju, Sam Fossum Organizations: GOP, Hamas, Michigan Democrat, Georgia GOP, Democratic, GOP Rep, Capitol, Defamation League, CNN, Capitol Police, Israel Defense Forces, “ Media, Gaza Ministry of Health, United Nations, United, American Locations: Israel, Palestinian, Tlaib, Palestine, ”, Cumming , Georgia, Gaza, United States

☆ House Censures Rashida Tlaib, Citing ‘River to the Sea’ Slogan
▼ + stars: | 2023-11-07 | by ( Kayla Guo | More About Kayla Guo | ) www.nytimes.com time to read: +6 min

The House voted on Tuesday to censure Representative Rashida Tlaib, Democrat of Michigan, formally rebuking the sole Palestinian American in Congress for her statements regarding the Israel-Hamas war. Four Republicans voted against censuring Ms. Tlaib, while one Democrat and three Republicans voted “present,” declining to take a position. After the gavel fell, Democratic lawmakers, mostly progressives, surrounded Ms. Tlaib on the floor and embraced her. Ms. Tlaib has been by far the most vocal member of Congress to do so. The debate pitted mainstream Democrats against the most progressive lawmakers in the House, many of them women of color who surrounded Ms. Tlaib on the floor as the censure was considered.

Persons: Rashida Tlaib, Tlaib, ”, censuring Ms, “, Rich McCormick, Israel —, — “, Tlaib’s, Ms, Biden, Ilhan Omar, Ayanna S, Pressley, Republicans “, Hakeem Jeffries, Brad Schneider of Illinois, Mr, Schneider, “ Tlaib, Marjorie Taylor Greene, Israel, Greene, Ken Buck, “ It’s, Karoun Demirjian Organizations: Palestinian American, Republicans, Democratic, Republican, Defamation League Locations: Michigan, Israel, Gaza, Georgia, Palestinian, Jordan, Minnesota, Massachusetts, New York, Colorado

☆ 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, ”

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

☆ ‘Playing for the Man at the Door’ Review: Mack McCormick’s Musical Discoveries
▼ + stars: | 2023-08-10 | by ( Barry Mazor | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/playing-for-the-man-at-the-door-review-mack-mccormicks-musical-discoveries-cc304817

Persons: Dow Jones, mack

☆ McCormick's red-cap bottles are getting a makeover
▼ + stars: | 2023-03-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —McCormick, the top-selling maker of seasonings and spices, is giving its iconic red-cap bottles their first makeover in more than 40 years. Shoppers will soon see newly designed bottles that feature updated labeling and a new “snap” cap that the company says keeps spices and seasonings fresher compared to its previous design. McCormick’s new sleeker bottles, which have already begun rolling out in the United States, will first contain its most popular herbs and spices, including cinnamon, garlic powder and crushed red pepper. The inside is getting a makeover, too. “This is a winning proposition from top to bottom and we have tons of consumer research to validate that,” she said.

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