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☆ Inside the Growing Alarm Over Blackstone's BREIT Real-Estate Fund
▼ + stars: | 2024-05-07 | by ( Bethany Mclean | ) www.businessinsider.com time to read: +23 min

Investors in Blackstone's real-estate fund asked for their money back in droves — more than $15 billion to date. Unless the real-estate market comes roaring back, analysts warn, BREIT could end up shrinking to a fraction of its current size, leaving the fund's investors holding the bag. Only 3% of BREIT's holdings are in office buildings, which have been ground zero for commercial real estate pain. Advertisement"Not all real estate is created equal," BREIT boasted in a recent letter to stockholders, "and where you invest matters." "Commercial real estate is a slow burn," Brian Moynihan, the CEO of Bank of America, recently observed.

Persons: Blackstone, —, BREIT, REITs, Steve Schwarzman, Jeenah, Nate Koppikar, Craig McCann, BREIT's, Chilton, McCann, McCann, Horacio Villalobos, That's, Donald Trump, Robert Chang, Schwarzman, Michael Blackshire, Phil Bak, Stephen Schwarzman, Shannon Stapleton, Brian Moynihan, it's, It's Organizations: BREIT, Orso Partners, Securities Exchange Commission, Blackstone, SEC, Chilton Capital Management, SLCG Economics Consulting, Publicly, University of California, Regents, Armada Investors, Reuters, Bank of America Locations: BREIT, Lisbon, Fideres

☆ Inside the investing strategy of Hunterbrook Capital, the news-driven hedge fund. Can it succeed in a ruthless industry?
▼ + stars: | 2024-04-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

Small team, limited scopeThe hedge fund makes trades based solely on news from Hunterbrook Media, its media sister company, sometimes getting advanced copies of the articles and placing trades before publication. AdvertisementThe hedge fund, however, has just one sole full-time employee. Before a story is published on Hunterbrook Media, the firm's general counsel reviews it to make sure there's not any insider information — such as leaked earning figures — in it. AdvertisementIf the general counsel and the executives green light the story to be shared, then it goes to the hedge fund — in other words, Dunlevie and Horwitz — prepublication. Opportunities few and far between so farInvestigations from Hunterbrook Media so far have less than a 50% hit rate on turning into trades for the hedge fund.

Persons: —, Nate Anderson's Hindenburg, Carl Icahn's, Nathaniel Horwitz, Matt Murray, Paul Steiger, Bethany McLean, That's, Courtney Dunlevie, Horwitz, Sam Koppelman, Brian Koppelman, Dunlevie, Horwitz — prepublication, isn't, It's Horwitz, Matt, Pulitzer, Tony Horwitz, Geraldine Brooks, Cash, Hunterbrook, Marc Lasry, David Fialkow, Matt Cherwin, we're, " Horwitz Organizations: Service, Business, Hunterbrook, Hunterbrook Media, Wall Street, Barclays, Commonstock, Phoenix Suns, Avenue Capital, Catalyst, JPMorgan Locations: Italian, Korean, Brazil

☆ Special Education, Inc.
▼ + stars: | 2024-04-21 | by ( Meghan Morris | ) www.businessinsider.com time to read: +34 min

AdvertisementNate Smallwood for BITo some, private equity's business model appears antithetical to special education. (The average public school district in Pennsylvania, where New Story operates the most schools, spends about $23,000 per child across all types of public education. "Private equity has no place in education — especially special education," Sen. Sherrod Brown of Ohio told BI. For instance, two Pennsylvania education directors left in spring 2023, according to records obtained by BI — one after just months in the role. AdvertisementNickie Coomer, a Colorado College education professor who has written about the privatization of special education, told BI that this data gap is a major regulatory hole, one that private-equity companies are happy to exploit.

Persons: Emily, Sarah, Nate Smallwood, Sarah didn't, —, Mergermarket, Shanon Taylor, Taylor, Sen, Sherrod Brown, Bob Casey of Pennsylvania, Casey, Paul Volosov, Volosov, Jim Grinnen, Rachel Wisniewski, Christina Spielbauer, Spielbauer, Nathaniel Garnick, Garnick, sully, Craig Richards, He's, Richards, they're, " Richards, Judith McKinney, Grinnen, Donnell McLean, McLean, Natalie Stoup, Blackstone, haven't, Biden, of Education spokespeople, Nickie, …, that's, didn't, Hill, Amy Hall Kostoff, Kostoff, Green, she'd Organizations: Business, State College ,, New, BI, Audax Group, Kentucky, Pennsylvania State Employees, Schools, Audax, Rock Academy, University of Nevada, Ohio, Pennsylvania Department of Education, Rock, Reading School District, River Rock Academy, Virginia's Department of Education, Green Tree, Pay, Tree, Autism, Forbes, NBC News, Federal Trade Commission, of Education, Colorado College, Tree School, Pennsylvania's Department of Education, Pennsylvania, In State College Locations: State College , Pennsylvania, Boston, Pennsylvania, Reno, —, Ohio, New Story's, Rock, Virginia, , Ohio, New Jersey , Pennsylvania, New Story's New Cumberland , Pennsylvania, CARD's Virginia, Philadelphia, Rochelle Park , New Jersey

☆ Who’s coming to the White House’s Japan state dinner: the Clintons, De Niro, Bezos
▼ + stars: | 2024-04-10 | by ( Betsy Klein | ) edition.cnn.com time to read: +4 min

The guest list also includes Director of National Intelligence Avril Haines, US Trade Representative Katherine Tai, US Ambassador to the United Nations Linda Thomas-Greenfield and White House chief of staff Jeff Zients. NBC News White House correspondent Kelly O’Donnell, who is the president of the White House Correspondents Association, will attend, as well as Washington Post columnist Josh Rogin. First lady Jill Biden chose Simon to perform at the state dinner because Kishida also “shares an appreciation” for his work, a White House official said. The state dinner for South Korean President Yoon Suk Yeol featured a Broadway star’s performance of Don McLean’s “American Pie” – a personal favorite of Yoon. It led to one of the iconic state dinner moments of the Biden presidency – Yoon picking up a microphone to serenade guests with a few lines from the song.

Persons: Bill Clinton, Hillary Clinton, Robert De Niro, Jeff Bezos, Fumio Kishida, Joe Biden, Kristi Yamaguchi, Tim Cook, Laurence Fink, Jamie Dimon, Brad Smith, Shawn Fain, Cecile Richards, Antony Blinken, Janet Yellen, Alejandro Mayorkas, Jennifer Granholm, Gina Raimondo, National Intelligence Avril Haines, Katherine Tai, United Nations Linda Thomas, Jeff Zients, CQ, Jerome Powell, Bill Nelson, Biden, Donald Trump, De Niro, Nelson, ” Nelson, Sen, Bill Hagerty, Trump, Rahm Emanuel, Kelly O’Donnell, Josh Rogin, Kamala Harris, Doug Emhoff, Kathy Hochul, Josh Shapiro, Tony Evers, Roy Cooper of, Mazie, Jeff Merkley, Ashley Biden, Howard Krein, Finnegan Biden, Naomi Biden Neal, Peter Neal, Paul Simon, Jill Biden, Simon, Kishida, ”, It’s, Yoon Suk, Don McLean’s, Yoon, – Yoon, CNN’s Arlette Saenz Organizations: CNN, Amazon, White, Japan’s, Apple, BlackRock, JPMorgan, Microsoft, United Auto Workers, Planned, Biden, Homeland, Senate, Energy, National Intelligence, US, United Nations, White House, Joint Chiefs, Staff, Federal, NASA, Tennessee Republican, NBC, White House Correspondents Association, Washington, Democratic, Gov, Pennsylvania, South Korean Locations: Japanese American, Greenfield, Cleveland , Ohio, Japan, New York, Tony Evers of Wisconsin, Roy Cooper of North Carolina, Hawaii, Oregon

☆ Turkey restricts exports to Israel, saying its request to airdrop aid to Gaza was denied
▼ + stars: | 2024-04-09 | by ( Scott Mclean | Caitlin Danaher | ) edition.cnn.com time to read: +3 min

Istanbul/London CNN —Turkey has announced restrictions on exports to Israel after the Turkish foreign minister accused Israel of denying a request to airdrop aid to Gaza. Speaking at a press conference in Ankara late Monday, the Turkish foreign minister said Turkey was taking “a series of new measures against Israel” after Israel had denied its request to join a Jordanian aid operation. “Today we learned that our request, which was welcomed by the Jordanian authorities, was rejected by Israel,” Hakan Fidan said. Along with the United Arab Emirates, Turkey is the biggest donor of aid to Gaza, according to Israel’s Coordinator of Government Activities in the Territories. In a statement Tuesday, the CHP criticized the Turkish government for continuing to trade with Israel despite publicly condemning its attacks on Gaza.

Persons: Israel, Israel ”, ” Hakan Fidan, Gazans, ”, Israel Katz, Recep Tayyip Erdogan, “, ” Katz, ” “, ” Volkan Demir, Lauren Izso, Anna Cooban Organizations: London CNN, Turkish Ministry of Trade, Israel, United Arab, Republican People’s Party, CHP Locations: Istanbul, London, Turkey, Israel, Gaza, Ankara, Jordanian, Territories, United States, ” “ Israel, United Arab Emirates, CHP’s, Tel Aviv

☆ Why older adults drinking more poses problems, according to experts
▼ + stars: | 2024-04-05 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +5 min

The percentage of older adults who drink each month is increasing — particularly for women, Koob said. And older adults who do drink do so more frequently than people younger than 65 years old, he added. The impacts of alcohol on things such as driving performance, reaction time, memory and balance are bigger in older adults than younger drinkers, he added. Combining alcohol and medication is also risky, and almost 90% of older adults are taking at least one medication regularly, Collier said. “One study found that older adults are more likely to experience depressed breathing than young adults following a combination of alcohol and opioids,” Koob said.

Persons: George F, Koob, ” Koob, ”, “, Stephanie Collier, Collier Organizations: CNN, National Institute, Alcohol, McLean Hospital, Westend61 Locations: Massachusetts, Belmont , Massachusetts, Michigan

☆ Turkey’s main opposition party wins major cities in elections blow to Erdogan
▼ + stars: | 2024-04-01 | by ( Scott Mclean | Mohammed Tawfeeq | ) edition.cnn.com time to read: +3 min

Istanbul CNN —Turkey’s local elections on Sunday marked a major defeat for President Recep Tayyip Erdogan and his ruling Justice and Development (AK) Party, as the main opposition party claimed victory in key cities including Istanbul and Ankara. After his presidential victory, Erdogan had his sights on reclaiming cities lost to the opposition in 2019. Preliminary official results showed the opposition Republican People’s Party (CHP) had won 49 out of 81 municipalities including 14 out of 30 urban areas in the country, Turkey’s High Electoral Council said. The AK Party lost 10 Istanbul districts to rivals in the latest election. “Unfortunately, we could not get the result we wanted and hoped for in the local election test,” Erdogan said in a speech delivered Monday at AK Party headquarters in Ankara.

Persons: Recep Tayyip Erdogan, Erdogan, Kemal Kilicdaroglu, Ekrem, Mansur Yavas, Tugay, ” Imamoglu, ”, Beyoglu, ” Erdogan Organizations: Istanbul CNN —, Development, Party, Republican People’s Party, Electoral, CHP, TRT, Nationwide, “, Erdogan, Welfare Party, AK Party –, AK Party Locations: Istanbul, Ankara, Turkey, Izmir, “ Istanbul, Sunday’s

☆ As Relations Thaw, China Lifts Tariffs on Australian Wine
▼ + stars: | 2024-03-28 | by ( Natasha Frost | ) www.nytimes.com time to read: +1 min

In a sign of easing tensions between Australia and China, China said Thursday that it would lift the tariffs it placed on Australian wine more than three years ago. The tariffs, which were first imposed in 2020 amid a nasty diplomatic spat between Australia and China, had all but vaporized the country’s biggest overseas market, worth 1.2 billion Australian dollars or around $800 million at its peak. The decision to lift the tariffs was announced by China’s Ministry of Commerce. “That’s going to take some time to be depleted,” said Lee McLean, the chief executive of Australian Grape & Wine. “And China is not going to solve that on its own.”

Persons: Anthony Albanese, “ That’s, ”, Lee McLean Organizations: China’s Ministry of Commerce, Rabo Bank, Australian Locations: Australia, China

The decision scraps duties as high as 218% on Australian wine exports to China, its largest overseas market once worth more than 1 billion Australian dollars ($653 million). The Australian government said it welcomed Beijing’s decision “which comes at a critical time for the Australian wine industry.”“Since 2020, China’s duties on Australian wine effectively made it unviable for Australian producers to export bottled wine to that market,” the statement read. “There are a lot of people in the Australian wine industry who will be reaching out for a good glass of wine tonight and feeling a whole lot happier about their future,” Bruce Tyrrell, managing director of Tyrrell’s Wines in New South Wales, told CNN. Annual wine production hit its lowest point in more than 15 years during 2022-2023, Wine Australia said. Lee McLean, head of national association of grape and wine producers Australian Grape & Wine, said industry groups were working with the Australian government to “ensure a coordinated re-entry” into the market.

Persons: ”, “, that’s, ” Bruce Tyrrell, Lee McLean, ” McLean, Anthony Albanese’s, Albanese, Wang Yi, Penny Wong, Yang Hengjun, Wong Organizations: Sydney CNN, China’s Ministry of Commerce, Canberra, World Trade Organization, Tyrrell’s, CNN, Wine Australia, Global, Wine, China’s Foreign, Anthony Albanese’s Labor, China’s, Ministry, Australian Locations: Hong Kong, Sydney, China, Australia, Beijing, New South Wales, Wine Australia, United Kingdom, Europe, China’s

☆ These are the 10 top-paying U.S. cities where women outearn men
▼ + stars: | 2024-03-27 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

Nationwide, women outearn men in just 42 U.S. cities out of an analysis of some 1,800 cities, according to a new GoBankingRates report using Census Bureau data. : Women earn a median $69,983 a year Oakland, Calif.: Women earn a median $68,260 a year Goleta, Calif.: Women earn a median $65,030 a year Laurel, Md. : Women earn a median $65,008 a year Monrovia, Calif.: Women earn a median $62,016 a year Hackensack, N.J.: Women earn a median $60,237 a year Newark, Del. : Women earn a median $58,769 a year Chamblee, Ga.: Women earn a median $58,590 a yearIn each of these cities, women outearn men by a share of .14% to 18.95% of what men earn. However, men outearn women in each of these cities by a rate of 60% to 70%.

Persons: Bowie, Andrew Murray, Murray, San Organizations: Washington D.C, CNBC, Research, Department of Defense, Calif Locations: U.S, Md, Clinton, Fort Washington, Oakland, Calif, Goleta, Laurel, Monrovia, Hackensack, N.J, Newark, Del, Washington, Jacksonville, N.C, Los Altos, Saratoga, McLean, Va, San Carlos, Wellesley, Mass

The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea in this photo released November 20, 2023. The large numbers mean Filipinos are disproportionately exposed to the dangers posed by Houthis targeting ships in the Red Sea. Two Filipino crew members remain in Djibouti to receive medical treatment. Most of the Filipino crew members on board returned to Manila on Tuesday, reuniting with their families after their ordeal at sea. It’s very painful for us, especially for the families,” Mark Dagohoy, one of the ship’s crew members, told journalists after their return.

Persons: It’s, “ There’s, ”, Eduardo de Vega, Israel, Houthis, “, Al, ” Houthi, Nasr Al, Din Amer, De Vega, de Vega, They’re, Mohammed Al, it’s, Ray Car, Abraham Ungar, Eloisa Lopez, Houthi, Yahya Sarea, ” Mark Dagohoy, Celine Alkhaldi, Paul P, Murphy Organizations: CNN, Galaxy Leader, Houthi Military Media, Reuters, Philippines, Yemeni, Nippon, Ray, Ray Car Carriers, Ambrey Analytics, Ambrey, Indian Navy, Manila International Airport, “, Liberian, Financial Times, Oaktree Locations: Filipino, Gaza, Red, Romanian, Iran, Yemen, Cairo, Philippines, Aden, Saudi, Hodeidah, Suez, Africa, Bab, Mandab, United States, Britain, Djibouti, Manila

☆ Open Arms ship carrying aid to Gaza departs from Cyprus, World Central Kitchen
▼ + stars: | 2024-03-12 | by ( Scott Mclean | ) edition.cnn.com time to read: +3 min

CNN —A ship carrying humanitarian aid to Gaza has departed the port city of Larnaca in Cyprus, according to World Central Kitchen, a non-profit which said it is the first maritime shipment of aid to the war-torn strip. The non-profit said it had partnered with the United Arab Emirates, Cyprus and the Spanish charity Open Arms to coordinate the dispatch. The aid dispatch comes as Cyprus, the European Commission, the United States, the United Arab Emirates, and the United Kingdom are working to establish a maritime corridor to deliver aid assistance directly to Gaza. World Central Kitchen says it has served more than 35 million meals in Gaza since October, and is working with almost 400 locally-hired staff. Humanitarian workers and government officials working to deliver urgently needed aid for Gaza say a clear pattern has emerged of Israeli obstruction.

Persons: ” WCK, Konstantinos Letymbiotis, WCK, Jose Andres, Kamal Adwan Organizations: CNN, Arms, United Arab, Spanish, European Commission, UN, Food, Kamal Locations: Gaza, Larnaca, Cyprus, United Arab Emirates, United States, United Kingdom, Cypriot

☆ How Wealthy Investors Got Rich Looting America's Needy Hospitals
▼ + stars: | 2024-03-11 | by ( Bethany Mclean | ) www.businessinsider.com time to read: +21 min

That added to the massive debt burdens already placed on the hospitals by their for-profit owners, deepening their financial woes. In January, MPT reported that its biggest tenant, a nationwide chain of 32 hospitals called Steward, could no longer pay its rent. The core idea was simple: to buy hospital real estate, pocket the lease payments, and use the money to reward investors. The more hospital real estate that MPT buys, the more money it makes in rent payments from the hospitals. But that doesn't mean that MPT's leaders didn't get rich off its hospital deals.

Persons: Leonard Green, Sherman Cahal, Rob Simone, Hedgeye, MPT, Steward —, Justin Simon, Jasper Capital, they've, Ed Aldag, Eddie Lampert's, Eileen Appelbaum, Rosemary Batt, MTP, Marc Rowan, Richard Mortell, Leonard Green couldn't, they'd, Stephen Feinberg, Ralph de la Torre, Steward, Simone, Cerberus, Chandan Khanna, That's, de la, de la Torre, la Torre, Amaral, Aldag, Apollo, Eileen O'Grady, Moody's, didn't, Sen, Chuck Grassley Organizations: Northside Regional Medical Center, Ohio Valley Medical, East Ohio Regional Hospital, Luke's Medical, Glenwood Regional Medical Center, Medical Properties Trust, Jasper, Sears, Bain Capital, Affordable, Cornell University, Business, Third Coast Real Estate Capital, Cerberus, Health Care, Boston Globe, Bloomberg, Getty, Easton Hospital, Local, de la Torre, la, MediaNews, Boston Herald, Prospect, Private, Yale New Haven Health, Yale, Apollo, MPT, SEC, Republican, Senate Finance Locations: Youngstown , Ohio, Ohio, Wheeling , West Virginia, Martins Ferry , Ohio, St, Luke's, Phoenix, Massachusetts, West Virginia, California , Pennsylvania, Texas, Pennsylvania, Louisiana, America, Alabama, MPT, Greater Boston, Steward, Easton, Lehigh, Elizabeth's, Boston, Connecticut, it's

☆ Gabriel García Márquez’s Last Book Is an Unsatisfying Goodbye
▼ + stars: | 2024-03-10 | by ( Michael Greenberg | ) www.nytimes.com time to read: +2 min

UNTIL AUGUST, by Gabriel García Márquez. Billed as a “rediscovered” novel, “Until August” is likely to be the last published book of fiction by the Colombian master and Nobel laureate Gabriel García Márquez. Reading it may provoke unhealthy levels of frustration in those familiar with García Márquez’s most indelible creations. Readers’ inevitable disappointment with “Until August” may be directed partly at García Márquez’s two sons and literary executors, who permitted its publication even though their father had made his wishes clear. And to his sons he said: “Memory is at once my source material and my tool.

Persons: Gabriel García Márquez, Anne McLean, “, ”, Solitude Locations: Colombian, Italy, “

☆ Woman Could Have Prevented Great Recession; Ignored by Wall Street Men
▼ + stars: | 2024-03-04 | by ( Josie Cox | ) www.businessinsider.com time to read: +21 min

The story of Brooksley Born is not only the tale of a remarkable regulator whose Cassandra-like warnings — if heeded — could've prevented the great financial crisis from exploding into raging, ruinous enormity. Not long after she assumed chairmanship of the CFTC, Born started to feel a lingering unease with the rapidly expanding derivatives market. So to Rubin, Born was more of an inconvenience than anything, and she certainly wasn't in his club. Not long after, Treasury officials lobbied Congress to pass legislation preventing the CFTC from being able to regulate the OTC derivatives market. In the months and years that followed, it became increasingly hard to deny that the multi-trillion-dollar OTC derivatives market was the root cause of the great financial crisis.

Persons: Lehman Brothers, jolting, — could've, It's, Potter Stewart, Henry Edgerton, Porter, she'd, Bill Clinton, Clinton, Janet Reno, Brooksley, Michael Greenberger, Born, Gibson, weren't, Robert Rubin, Goldman Sachs, Rubin, Michael Hirsh, Alan Greenspan, Greenspan, Ayn Rand, Hirsh ., Hirsh, Greenspan didn't, braggadocian machismo, lauding Rubin, Lawrence Summers, Arthur Levitt, Josie Cox, Levitt, Summers, Jim Leach, Richard Lugar, —, Bethany McLean, Joe Nocera, Bob Rubin, Born's Cassandra, George W, Bush, Lauren Rivera, Christine Lagarde, Lehman, ABRAMS Organizations: Stanford University, Stanford Law School, Stanford, Appeals, District of Columbia Circuit, Arnold, Futures Trading Commission, American, CFTC, Bankers Trust, Procter, Gamble, Sumitomo, Federal Reserve, Fed, Securities and Exchange Commission, Financial Markets, Abrams, Term Capital Management, Enron, SEC, Born, Northwestern's Kellogg School of Management, Financial, International Monetary Fund, Lehman Brothers, Reuters, Street, The Washington Post, Guardian, Abrams Press Locations: California, Vietnam, United States, Washington, America, ABRAMS , New York

☆ Waiting on Supreme Court, States Go It Alone in Trump Ballot Cases
▼ + stars: | 2024-02-29 | by ( Mitch Smith | ) www.nytimes.com time to read: +1 min

When the U.S. Supreme Court agreed in January to hear an appeal of a Colorado ruling that disqualified former President Donald J. Trump from that state’s primary ballot, many thought the court would soon resolve the issue for the entire country. That sense only grew after oral arguments in early February, when justices across the ideological spectrum appeared skeptical of the reasoning used to disqualify Mr. Trump. The uncertainty from the Supreme Court has left states to go it alone, with divergent results that have left some voters confused. On Wednesday in Illinois, a Democratic state judge disqualified Mr. Trump from the state’s primary ballot, a decision that she stayed until Friday to give Mr. Trump time to appeal. After all, early balloting in the March primary was already underway.

Persons: Donald J, Trump, Mr Organizations: U.S, Supreme, Republican, Super, Democratic Locations: Colorado, Illinois, McLean County

☆ Nvidia names Huawei a top competitor in major areas including AI chips
▼ + stars: | 2024-02-23 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Nvidia has named Huawei a top competitor in a number of areas, including in the crucial production of processors that power artificial intelligence (AI) systems. Other companies also listed as its rivals in some areas include AMD, Amazon (AMZN), Microsoft (MSFT) and Broadcom (AVGO). In October 2022, the Biden administration imposed sweeping curbs designed to curtail China’s access to advanced computing chips. In July, it imposed export controls on two strategic raw materials, gallium and germanium, that are critical to the global chipmaking industry. Data centers, which includes the graphics cards that are widely use in generative AI, are Nvidia’s biggest source of revenue.

Persons: Jensen Huang, Biden, ” Colette Kress, CNN’s Rob McLean, David Goldman Organizations: Hong Kong CNN, Nvidia, Huawei, AMD, Microsoft, Broadcom, CNN, Micron, “ Locations: China, Hong Kong, Santa Clara, Singapore, Shenzhen, Beijing, Washington, Japan, Netherlands, ”, “

☆ What is in vitro fertilization, or IVF, and why does it include freezing eggs? Experts explain
▼ + stars: | 2024-02-21 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +5 min

Over 8 million babies have been born using this technology.”Another technology important to the IVF process is cryopreservation of embryos — or freezing after the egg is fertilized. As infertility experts warned about the impact on assisted reproduction, experts spoke to CNN to share what people should know about IVF and freezing eggs. Freezing embryos is helpful for genetic testing, Feinberg said. Freezing the eggs in the meantime keeps the eggs viable while health care providers look into genetic factors. If one cycle of IVF can result in multiple embryos, freezing the embryos can keep those that were not implanted viable for future use, McLean said.

Persons: Zev Williams, ”, Pempel, Eve Feinberg, Mamie McLean, Feinberg, McLean, ” McLean, Williams, ” Feinberg Organizations: CNN, Columbia University Fertility, “, Alabama, Northwestern University’s Feinberg School of Medicine, Alabama Fertility, Physicians Locations: United States, Birmingham

☆ All the celebrities we spotted at the 73rd NBA All-Star Game, from Lil Wayne to Ivanka Trump
▼ + stars: | 2024-02-19 | by ( Amanda Goh | ) www.businessinsider.com time to read: +4 min

The 73rd NBA All-Star Game took place on Sunday at Gainbridge Fieldhouse in Indianapolis. AdvertisementThe 73rd NBA All-Star Game took place on Sunday in Indianapolis, and it was a star-studded affair. Jared Kushner and Ivanka Trump attend the 73rd NBA All-Star Game. Lil Wayne sits courtside during the 73rd NBA All-Star Game. AdvertisementDylan Wang attends the 73rd NBA All-Star Game.

Persons: Lil Wayne, Guy Fieri, Jared Kushner, Ivanka Trump, —, LeBron James, Giannis Antetokounmpo, East —, Antetokounmpo —, Kevin Mazur, Jennifer Hudson preforms, Justin Casterline, Jennifer Hudson, David Daniel Otunga Jr, Chris Tucker, Destin Christopher Tucker, Anthony Wilson, Sabrina Ionescu, Ionescu, Stephen Curry, Curry, Spike Lee, Jackson Lee, Bill Murray, Chainz, Babyface —, AJ McLean, Donnie Wahlberg, Jenny McCarthy, Dylan Wang, Wang, Shannon, Team Stephen A Organizations: NBA, Gainbridge Fieldhouse, Service, East, West, Gainbridge, New York Liberty, WNBA, Getty, Lucas Oil, Team Locations: Gainbridge, Indianapolis

☆ Warren Buffett's Berkshire keeps new stock pick secret — again. Here's what it means
▼ + stars: | 2024-02-18 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

A new stock pick from the 93-year-old Buffett almost always leads some investors to follow suit, quickly moving the share price. Berkshire has been a longtime shareholder in credit rating agency Moody's , and bought a big stake in Citigroup in early 2022. The last financial stock Berkshire bought was Capital One Financial in the first quarter of 2023. If the new stake ever exceeds 5% of whatever stock it is, Berkshire would be required to report its holding with the SEC. Buffett might be asked to reveal the identity of the mystery stock at Berkshire's annual shareholder meeting in early May.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, Todd Combs, Ted Weschler, Berkshire's, Goldman Sachs, David Kass, University of Maryland's Robert H, Jamie Dimon, Kass, there's Organizations: Berkshire, The Securities, Exchange, Chevron, Verizon, Apple, Buffett, Bank of America, American Express, Citigroup, Mastercard, Visa, JPMorgan, U.S . Bancorp, Bank of New York Mellon, University of Maryland's, Smith School of Business, outperforming Bank, SEC Locations: Omaha, Berkshire, McLean, Va, Wells, outperforming

☆ Bethany McLean on X eventually launching payment service: 'Consumer behavior is hard to change'
▼ + stars: | 2024-02-15 | 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 EmailBethany McLean on X eventually launching payment service: 'Consumer behavior is hard to change'Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Bethany McLean, X, Brian Sullivan, “ Organizations: CNBC

She lost her mother and brother when the building collapsed in the earthquake. Damage from the earthquake is still visible in Antakya, Hatay province. Scott McLean/CNNSearch for the missingLast year’s earthquake killed more than 50,000 people in Turkey, and thousands more in neighboring Syria. “If I can’t find his body, then I will be waiting for him my whole life.”Smoke billows from the scene of collapsed buildings on February 7, 2023 in Hatay, Turkey. Smoke billows from the Iskenderun Port as rescue workers work at the scene of a collapsed building on February 7, 2023 in Iskenderun, Turkey.

Persons: Karabas, Sengul, Rukiye, Mehmet, “, ” Karabas, Scott McLean, Guray Ervin, Recep Tayyip Erdogan, Ismail Demir, ”, Sema Gulec, DEMAK, Gulec, Weeks, Batuhan, –, can’t, Burak Kara, Nur, She’s, Khaled Kassar, Kassar, Anwar, Jamal, ” Kassar, Mustafa Kara Ali, Erdogan, Yasin Akgul, Ekrem Imamoglu, Imamoglu, “ Banks Organizations: Southern, Southern Turkey CNN —, CNN, Hatay, Gulec’s, Interior Ministry, CHP, Getty, Development Party Locations: Southern Turkey, Turkey, Syria, Gaziantep province, Islahiye, Antakya, Hatay province, Iskenderun, Hatay, morgues, Syrian, Homs, Gaziantep, Turkish, AFP, Turkey’s, Istanbul, Istanbul’s, Kocaeli

McLEAN, Va. (AP) — A Virginia Senate committee on Tuesday rejected legislation that would have allowed a referendum on a casino in the wealthy suburbs of the nation’s capital. The committee rejected a motion to kill the bill outright, instead opting to carry the bill over to 2025 for future consideration. A study commissioned in 2019 by the Joint Legislative Audit and Review Committee found that a northern Virginia casino could generate $155 million annually in tax revenue, more than any of the other casinos built in Virginia. Virginia voted in 2020 to allow locations in five cities, subject to referendum. Bristol, Danville, Portsmouth and Norfolk all voted for a casino; Richmond voters twice rejected a proposed casino in that city.

Persons: Sen, Louise Lucas, Lucas, ” Sen, Jennifer Boysko, David Marsden, Marsden, ” Marsden, “, Scott Surovell, Connie Hartke, ”, “ We're Organizations: Senate Finance, Assembly, Fortune, Fairfax, Audit, MGM, Reston Citizens Association, Richmond Locations: McLEAN, Va, Virginia, Fairfax County, Tysons, ”, National Harbor, Potomac, Reston, Petersburg, Bristol, Danville, Portsmouth, Norfolk, Richmond

☆ Istanbul church shooting victim was a Muslim, says local official
▼ + stars: | 2024-01-29 | by ( Scott Mclean | ) edition.cnn.com time to read: +2 min

CNN —The lone victim of Sunday’s ISIS-claimed shooting at the Santa Maria Catholic Church in Istanbul was a Muslim, according to a local official. “During the attack, a citizen from Bayburt at the entrance, a Muslim citizen, lost his life,” said the mayor. A funeral ceremony for Tuncer Murat Cihan, the victim of the shooting, is held on Monday. Dilara Senkaya/Reuters“According to the priest, he was constantly going to church and the priest knew this person and referred to him as ‘a good person,’” added Genc. ISIS has claimed responsibility for a shooting, according to a statement from the ISIS-affiliated Amaq news agency, citing a security source from the terror group.

Persons: Sukru Genc, ”, Ali Yerlikaya, Tuncer Murat Cihan, Dilara Senkaya, ” Genc, BirGün, Genc, Witold Lesniak, Recep Tayyip Erdogan’s, “, ” Erdogan, Davut Gul, Anadalou Organizations: CNN, ISIS, Santa Maria Catholic Church, Turkish, Reuters, Polish Locations: Istanbul, Sariyer, Bayburt, Turkish, Tajikistan, Russia, Turkey

☆ Vanity Fair's Bethany McLean talks California's proposed Journalism Preservation Act
▼ + stars: | 2024-01-24 | 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 EmailVanity Fair's Bethany McLean talks California's proposed Journalism Preservation ActHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Bethany McLean, California's, Brian Sullivan, “ Organizations: CNBC

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