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Why are prices still so high? Corporate greed, some say.
  + stars: | 2024-03-11 | by ( Tami Luhby | ) edition.cnn.com   time to read: +7 min
While supply chain problems and high demand may have helped spur inflation early in the pandemic, Rosolino believes there’s another key reason why prices have soared and remained high: Corporate greed. It’s corporate greed.”Nick Rosolino feels businesses won't lower their prices as long as consumers keep spending. “Too many corporations raise prices to pad their profits, charging more and more for less and less,” Biden said. Companies are typically slower to reduce their prices when costs decline than they are to raise prices when their expenses jump. Corporate profits have contributed to inflation, though experts differ on the extent.
Persons: Nick Rosolino, Rosolino, there’s, , “ It’s, Nick Rosolino Reluctantly, Joe Biden, , ” Biden, Cookie Monster, Lael Brainard, Goldman Sachs, Neil Bradley, Heather Vargas, ” Vargas, ” Heather Vargas, Heather Vargas Vargas, , Kellogg, Gary Pilnick’s, Companies haven’t, Aaron Hackman, McKinley Conner, Aaron Hackman “, Hackman Organizations: CNN, America, White, Economic Council, Federal Reserve, Companies, Federal Reserve Bank of Kansas City, US Chamber of Commerce, of Labor Statistics, Locations: Maine, New Gloucester , Maine, Portland, Heights , California, Fort Lauderdale , Florida
Just last week the S&P 500 hit a new all-time high and notched its best showing in a year. But this nearly unprecedented surge in the markets is sparking some concern over what’s driving the rally and whether it can continue. The S&P 500 and Dow last week each reached record levels after blockbuster earnings from the chipmaker set off a broad market rally. The S&P 500 is up more than 6% for the year, but when you equally weigh all of the stocks in the index, it’s up just 2.5%. Last year, the S&P 500 rose by 24.2%, but the equally-weighted index was up by just 11.6%.
Persons: Sam Stovall, Tesla, Jamie Dimon, ” Dimon, CNBC’s Leslie Picker, That’s, , What’s, Warren Buffett, Berkshire Hathaway, Eva Rothenberg, Buffett, Gary Pilnick’s, WK Kellogg, Pilnick, Bran, ” Pilnick, hasn’t, Carl Quintanilla Organizations: CNN Business, Bell, New York CNN —, Nvidia, Dow, Nasdaq, Health, Tech, Deutsche Bank, Microsoft, Apple, Amazon, Google, JPMorgan, Federal Reserve, Traders, PCE, Berkshire, CNBC Locations: New York, Berkshire, Omaha , Nebraska, Omaha, United States
In an interview with CNBC last week, WK Kellogg CEO Pilnick said the company was advertising cereal for dinner to consumers looking for more affordable options. CNBC host Carl Quintanilla asked Pilnick if encouraging weary customers to eat cereal for dinner could “land the wrong way.”Pilnick thought the opposite. Cereal prices alone increased 28% since January of 2020, according to the Bureau of Labor Statistics. Food brands under fireDespite the CEO’s assurances, Kellogg’s advertisement and Pilnick’s comments have led to a backlash on social media. They note that boxes of popular cereals now cost more than $7 and cereal is not an adequate substitution for a full dinner.
Persons: New York CNN —, Gary Pilnick’s, WK Kellogg, Pilnick, Bran, ” Pilnick, hasn’t, Carl Quintanilla, Kellogg, TikTok, CorporateGreed ”, McDonald’s Organizations: New, New York CNN, CNBC, Wall Street, US Agriculture Department Food, Bureau of Labor Statistics Locations: New York, Darien , Connecticut
They expose decades of American corporate philosophy gone awry. A good American company isn’t just a vehicle for financial returns; it is first and foremost an employer, a contributor to economic and/or technological innovation, and a source of US power. But it’s clear that what Boeing — and the entire American corporate body politic — needs is nothing short of a philosophical counterrevolution. Over these three decades of plenty for Boeing’s shareholders, the company’s staff was asked to penny-pinch. Boeing’s stock cratered, and France’s Airbus , a rival once colloquially known as “Scare Bus,” started to eat the American company’s lunch .
Persons: it’s, could’ve, William Lazonick, , It’s, won’t, William McGee, T.A, Wilson, Frank Shrontz, Max, Peter Robison, , , Dave Calhoun, we’ve, Scott Kirby, hasn’t, “ We’re, Lazonick, wasn’t, Milton Friedman, Michael Jensen, Jensen, nary, Jack Welch, Welch, Wall, ” Lazonick, We’ve, Mary Barra, ” McGee Organizations: Alaska Airlines, Boeing, Investments, University of Massachusetts, , NASA, Airbus, Alaska Airlines Max, Wall, United Airlines, Federal Aviation Administration, CNBC, Washington, University of Chicago, Electric, Wall Street, GE, Dow Jones, Securities and Exchange Commission, Reality Labs, Deutsche Bank, Business, General Motors, United Auto Workers, Companies, GM, & $ Locations: Washington, America
HENDERSON, Nev. (AP) — Nick Bosa has been making a high-profile impact for the San Francisco 49ers on Sundays ever since entering the league as the No. "Nick’s gotten really good at it. I’m not as nervous anymore.’"He is really good at it. Nick doesn’t waste words because he doesn’t use many of them.”The speeches aren't long, lasting just a few minutes. “But once I get it down what I’m thinking what I’m going to say, I’ll be fine.”___
Persons: HENDERSON, Nick Bosa, Bosa, , John Lynch, Kyle Shanahan, Bosa's, Shanahan, hasn't, ” Shanahan, Nick’s, I’ve, I’m, Nick doesn’t, he's, “ It’s, , ” Lynch, Tony Dungy, Kyle, doesn’t, ” Bosa, Charvarius Ward Organizations: San Francisco 49ers, Niners, of Fame Locations: Nev, Tampa Bay
New York CNN —Football’s youngest fans will be able to watch Super Bowl LVIII announced by SpongeBob SquarePants and the rest of the gang from Bikini Bottom. Characters from the cartoon SpongeBob SquarePants will join the telecast live. Sandy Cheeks (voiced by Carolyn Lawrence) will make her sideline reporting debut during the Super Bowl LVIII telecast live "Super Bowl LVIII Live from Bikini Bottom". But fans of the long-running show will recognize a 2001 classic next Sunday — there will be a “Sweet Victory” performance in the Super Bowl telecast. In the 2019 Super Bowl, halftime act Maroon 5 paid tribute to the song that the SpongeBob characters sang in a 2001 episode (in the episode, the characters of the Bikini Bottom were performing in the Bubble Bowl, a spoof of the Super Bowl.)
Persons: New York CNN —, SpongeBob SquarePants, SpongeBob, Sandy Cheeks, Carolyn Lawrence, Paramount SpongeBob, Tom Kenny, Patrick Star, Bill Fagerbakke, Nate Burleson, Noah Eagle, Larry, Lawrence, Slimetime ”, Dylan Gilmore, Nick, Gen Z, Alpha, Taylor Swift’s, Travis Kelce, ” Sean McManus, Chris Nowinski, Stephen Hillenburg, Travis Scott, , Organizations: New, New York CNN, New York CNN — Football’s, Nickelodeon, CBS Sports, Super, Kansas City Chiefs, San Francisco 49ers, Paramount Global, CBS, Paramount, Allegiant, NFL, New Orleans Saints, Chicago Bears, Nick NFL, Chiefs, NFL Nickelodeon, Saints, Bears Locations: New York, Las Vegas
Harry Connick Sr., a long-serving district attorney in New Orleans whose office gained national notoriety for prosecutorial overreach that eventually resulted in many reversed convictions, died on Thursday at his home in New Orleans. His death was announced by his son, the singer Harry Connick Jr., in a statement. The older Mr. Connick was a singer himself and became locally renowned for his nightclub performances in the French Quarter. But his national reputation as a district attorney was much darker, particularly after a 2011 dissent by Supreme Court Justice Ruth Bader Ginsburg that blasted the Orleans Parish district attorney’s office, under his leadership, for singular incompetence and misconduct. Justice Ginsburg found that Mr. Connick’s subordinates systematically hid evidence that could aid the defense, in violation of the Constitution.
Persons: Harry Connick Sr, prosecutorial, Harry Connick Jr, Connick, Ruth Bader Ginsburg, Ginsburg, , Mr Organizations: Supreme, Orleans Parish ” Locations: New Orleans, Orleans Parish
PLACERVILLE, Calif. (AP) — A lawsuit filed by the family of a man who died after being held in a Northern California jail alleges he contracted a preventable viral infection there when its medical staff denied him critical HIV medication for two months. His mother, Lesley Overfield, a plaintiff in the lawsuit, handed the arresting officers her son's prescribed medication but he was never administered it, the filing says. "Medical records show that he was denied his prescribed HIV medication for the entire two months he was detained," the lawsuit alleges. Overfield's health deteriorated rapidly as his HIV “devolved into AIDS" and he was eventually released from jail and hospitalized, according to court documents. Overfield's death certificate said he died of encephalitis “and indicated that Nick contracted this virus two months prior to his death,” while he was in custody, according to court documents.
Persons: Nicholas Overfield, Lesley Overfield, Jan, Wellpath didn't, , , Nick Organizations: Court Locations: PLACERVILLE, Calif, Northern California, U.S, El Dorado County
Kyle Juszczyk remembers the different feel when he took the field for the first time in the playoff rivalry between his San Francisco 49ers and the Green Bay Packers. That rivalry of San Francisco and Green Bay is always a big one. Favre followed with two quick touchdown passes as Green Bay rolled to a 27-17 win. Green Bay won the first playoff matchup 23-10 against Mariucci the following year as the frustration mounted in San Francisco. Kaepernick braved the cold of Green Bay the following year and played without long sleeves or gloves.
Persons: Kyle Juszczyk, , ” Juszczyk, , Aaron Rodgers, Mike Holmgren, Steve Young, Brett Favre, Favre, Holmgren, Reggie White, Adam Walker, Francisco’s, Craig Newsome, Desmond Howard, Young, Sean Jones, George Seifert, Steve Mariucci, “ It’s, ” Young, Terrell Owens, Owens, ” Owens, ” Favre, Rodgers, Alex Smith, Colin Kaepernick, Smith, Charles Woodson, SHANAHAN, LAFLEUR, Kyle Shanahan, Matt LaFleur, Shanahan, Raheem Mostert's, Robbie Gould, Deebo Samuel Organizations: San Francisco 49ers, Green Bay Packers, Packers, 49ers, NFC, Niners, Super, Candlestick Park, Dallas, , , Green Bay, Mariucci, Favre, didn’t, San Francisco, Super Bowl Locations: San Francisco, Green, warmups, Atlanta, Francisco’s, Francisco, Green Bay
But ghost kitchens are now crashing. Ghost kitchens are stripped-down commercial kitchens with no dine-in option. Sometimes called cloud kitchens, dark kitchens or virtual kitchens, ghost kitchens fulfill online orders from delivery apps like Grubhub and Uber Eats. Ghost kitchens also offered big chains a way to test new menu concepts, items and brands at lower rents and with less labor. So restaurants have shut down their ghost kitchens and funding for the concept has dried up.
Persons: Uber, Pat Greenhouse, , John Gordon, ” Wendy’s, Travis Kalanick, Applebee’s, , Stephen Zagor, ” John Gordon, Tiffany Hagler, Wendy’s, Kalanick’s CloudKitchens, ” Gordon Organizations: New, New York CNN, Big, Kroger, Reef Technology, Boston Globe, Technology, Wings, Columbia Business School, National Restaurant Association, Geard, Bloomberg, Getty, Butler Locations: New York, South Boston, Dobbs Ferry , New York, U.S
Nvidia is the stock of the year. Can it last?
  + stars: | 2023-12-05 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +10 min
New York CNN —It would be an understatement to say that it’s been a good year for Nvidia. The California-based chipmaking giant has seen its shares soar about 220% this year, making it the top performing S&P 500 stock in 2023. What’s happening: Just before Thanksgiving, Nvidia crushed doubts that its star was fading by reporting gangbuster third quarter earnings. By Sosnick’s count, Nvidia executives mentioned AI at least 70 times on their most recent earnings call. Historically, Nvidia has had hard falls after missteps — between 2021 and 2022, shares of the stock fell by 66%.
Persons: Hannah de Wolf, Colette Kress, There’s, , Steve Sosnick, we’ve, Nvidia …, Dan Ives, Goldman Sachs, Piper Sandler, Harsh Kumar, Sarat Sethi, DCLA, Sethi, it’s, missteps, hasn’t, Matt Egan, Robert Jackson Jr, Joshua Mitts, , Mitts, it’s “, ” Mitts, Jackson, Catherine Cortez Masto, Biden, Cortez Masto, “ I’m, Todd Young, Tim Kaine, Mark Warner, Rand Paul, Mitch McConnell, Bill Hagerty, Marsha Blackburn ,, Joe Manchin, Roger Marshall, Katie Britt Organizations: CNN Business, Bell, New York CNN, Nvidia, Revenue, Nvidia can’t, Washington Service, Interactive, CNBC, Columbia University, New York University, Israel, Fund, SEC, NYU, , CNN, US, EU, Indiana Locations: New York, California, China, Wedbush, Israel, Gaza, Columbia, Nevada, American, Virginia, Kentucky, Tennessee, Marsha Blackburn , West Virginia, Joe Manchin , Kansas, Alaska
The central bank also doesn’t have any incentive to restrict the economy through elevated interest rates if inflation is already under control. The US central bank has raised interest rates 11 times since March 2022 to their highest level in 22 years. The US Commerce Department reports new home sales in September. The US Commerce Department reports third-quarter gross domestic product along with September figures on new durable-goods orders. The US Labor Department reports the number of new applications for jobless benefits in the week ended October 21.
Persons: Jerome Powell, ” Gregory Daco, ” Diane Swonk, Donald Trump, Colin Kaepernick’s, Bud Light’s, Elliott Gotkine, , Jeffrey Sonnenfeld, , Satya Nadella, ” Sundar Pichai, ​ ​, Sherwin, Williams, Clark, General, Hess, Rowe Price Organizations: CNN Business, Bell, DC CNN, The Commerce Department, Federal Reserve, Treasury, KPMG, BlackRock, America, Nike, Yale School of Management, Microsoft, ” Disney, Sonnenfeld, Tottenham Hotspur, Whirlpool, Verizon, General Electric, Barclays, 3M, General Motors, Spotify, Quest Diagnostics, Mobile, Boeing, General Dynamics, Old Dominion, Hilton, Meta, IBM, US Commerce Department, Mastercard, Merck, Comcast, UPS, Myers Squibb, Northrop Grumman, Valero, The Hershey Company, Amazon, Intel, European Central Bank, US Labor Department, National Association of Realtors, Exxon Mobil, Chevron, Colgate, Palmolive, Phillips, University of Michigan Locations: Washington, EY, Israel, United States, United Kingdom, London, Gaza, Kimberly, Haliburton, Old, Bristol, AbbVie
DETROIT (AP) — The family foundation of NBA team owner Dan Gilbert will give nearly $375 million for a 72-bed rehabilitation center for stroke patients in Detroit and a research institute that will focus on a genetic disease that afflicted his son, officials announced Wednesday. Gilbert, the billionaire owner of the Cleveland Cavaliers and founder of Detroit-based Rocket Companies, had a stroke in 2019 and received extensive care in Chicago. He said his foundation would create a $10 million fund to help low-income residents who get care at the new Detroit rehab center. Gilbert's foundation is also creating the Nick Gilbert Neurofibromatosis Research Institute with Henry Ford Health and Michigan State University. "Today, we double down on our commitment and honor Nick’s passion for a future without neurofibromatosis,” his mother, Jennifer Gilbert, said.
Persons: Dan Gilbert, Gilbert, “ I’m, Shirley Ryan AbilityLab, Henry Ford, Nick Gilbert, , Jennifer Gilbert Organizations: DETROIT, NBA, Cleveland Cavaliers, Detroit, Companies, Henry, Henry Ford Health, Nick Gilbert Neurofibromatosis Research, Michigan State University Locations: Detroit, Chicago
While the soccer star was not the only US player to do so, she has a contentious history with the former president. In a speech introducing the star soccer player, the president praised Rapinoe’s role in securing equal pay for the US women’s soccer team and her advocacy for LGBTQ+ rights. “For nearly 40 years, the US Women’s National Soccer Team has epitomized what it means to be a champion. Biden and his wife have also repeatedly championed this Women’s World Cup team and were among several big names who helped announce the lineup back in June. As the World Cup got underway, the Bidens placed a billboard on the White House North Lawn cheering on the team.
Persons: Donald Trump, Megan Rapinoe, , Joe Biden, ” Trump, Crooked Joe Biden, Megan, MAGA, , “ I’m, Megyn Kelly, Kelly, Rapinoe, it’s, Trump, ” Rapinoe, Colin Kaepernick’s, Sue Bird, Biden, Rapinoe’s, Jill Biden Organizations: Sydney CNN —, US women’s, U.S, Women’s Soccer Team, Fox News, CNN, WIN, ESPN, US, National Soccer Team, , White, Lawn Locations: Sweden, America, USA, United States
“I was an old-school hacker, doing it for intellectual curiosity,” Mitnick told Wired magazine in a 2008 interview. Mitnick and federal prosecutors agreed to a plea deal in 1999 to seven criminal counts, including wire fraud and causing damage to computers. Mitnick published a memoir on his hacking career, “Ghost in the Wires: My Adventures as the World’s Most Wanted Hacker,” in 2011. Following his prison term, Mitnick became a white-hat hacker, using his expertise to legally help businesses track people trying to break into their systems. “I made some really stupid mistakes in the past as a younger man that I regret,” Mitnick told CNN in a 2005 interview.
Persons: Kevin Mitnick, Matthew Broderick, Mitnick, , ” Mitnick, , Stu Sjouwerman, ” “ Kevin, ” Sjouwerman, Kevin, Kimberley Organizations: CNN, North American Aerospace Defense Command, Digital Equipment Corporation, Wired Locations: KnowBe4, Las Vegas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCertain sectors are already in their own earnings recession: Kayne Anderson Rudnick’s Julie BielGregory Branch, Veritas Financial Group managing partner, and Julie Biel, Kayne Anderson Rudnick portfolio manager and senior research analyst, join 'Squawk Box' to discuss the latest market trends, earnings season so far, the Fed's inflation fight, and more.
Persons: Anderson, Julie Biel Gregory Branch, Julie Biel, Kayne Anderson Organizations: Veritas Financial Group
Uber’s next CFO has one simple task
  + stars: | 2023-07-11 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, July 11 (Reuters Breakingviews) - Uber Technologies (UBER.N) boss Dara Khosrowshahi has an opening to shift into higher gear. His eventual replacement can dial back on spending even more and really open up a spigot of cash flow. And this year, Uber might finally start making profit, with analysts polled by Refinitiv expecting full-year earnings of some $26 million. Uber shares have nearly doubled over the year, handily beating the S&P 500 Index (.SPX), as profit pulls into view. Ensuring that Uber keeps its eyes on that prize is a worthy task for future executives.
Persons: Dara Khosrowshahi, Nelson Chai, Travis Kalanick’s, Uber, Refinitiv, Tesla, Jennifer Saba, Jonathan Guilford, Sharon Lam Organizations: YORK, Reuters, Technologies, , Twitter, Thomson Locations: U.S, China
Why Do Couples Tie Cans to Wedding Cars?
  + stars: | 2023-07-08 | by ( Alix Strauss | ) www.nytimes.com   time to read: +1 min
Weddings are steeped in tradition, but where did those rituals come from? “Traditions,” a new column, explores the origins of various wedding customs from around the world. “The cans were my idea,” said Ms. Frye, 38, an actress. “I wanted a visual that symbolized the joy of our relationship.”She added that “the car was a chance to honor my dad. The cans spoke to my marriage, Nick’s last name, Andy Warhol and our passion for art.” Mr. Campbell, 36, is the founder of two art consultancy businesses, Narcissus Arts and Campbell Art Advisory.
Persons: Kelly Frye, Nick Campbell, , Frye, , Nick’s, Andy Warhol, Mr, Campbell Organizations: Rothko, Hudson, Narcissus Arts, Campbell Art Locations: Houston, Austin , Texas
As a coach, de la Rosa champions the work of Steve Magness, whose book “Do Hard Things” focuses on how athletes can use positive self-talk when experiencing discomfort. De la Rosa now shows his clients that they need self-love to build resilience and mental toughness. After struggling with depression and extreme exhaustion following Barkley, and with encouragement from Belzberg, de la Rosa has accepted that he cannot participate in multiday events and more extreme 100-mile races. For now, de la Rosa, who is a sponsored runner, will continue to work on his mental health and focus on single-day events. One of their funniest memories is when de la Rosa paced Belzberg in one of her first 100-mile races and the couple hallucinated that they were seeing an aid station serving pancakes.
Persons: de, Steve Magness, De la Rosa, Barkley, de la Rosa, la Rosa, Rosa, Belzberg, I’ve, , Organizations: de la Rosa, de la, Lifeline Locations: Belzberg
There ain’t no party like a Jay Gatsby party — in “The Great Gatsby,” F. Scott Fitzgerald’s debonair poster boy of American ambition and the nouveau riche never lets the festivities stop. Neither does Immersive Everywhere’s “The Great Gatsby: The Immersive Show,” a jovial feast for the senses that never, in its lagging two-and-a-half-hour running time, truly rises above the status of a mere attraction. Gatsby’s neighbor, Nick Carraway, narrates Gatsby’s tragic — and, ultimately, fatal — fall from the world of the rich and famous. Gatsby hopes to woo Nick’s cousin Daisy, with whom he had a love affair that he’s never forgotten. Main plot points, including major introductions and confrontations, are played as set scenes that everyone witnesses together in the main space.
Persons: Jay Gatsby, , Scott Fitzgerald’s, riche, Gatsby, Nick Carraway, Daisy, he’s, Tom Buchanan, Alexander Wright, Rob Brinkmann, Joél Acosta, Nick Locations:
The twilight golden years of the Golden Age of musical theater, which archaeologists date from about 1959 to 1981, produced three great lyricists. One, of course, was Stephen Sondheim, setting words to his own music with a neurotic complexity that defined that time and ours. Sondheim called his lyrics “impeccable.”As models of humor, elegance and compassion, they could stand to be more widely studied and imitated. That they aren’t is partly the result of the strange bifurcation of Harnick’s career into Bock and post-Bock eras. Another handful of his shows with Bock (“The Apple Tree,” “The Rothschilds,” “Tenderloin”) are just as pleasurable, if less profound.
Persons: Stephen Sondheim, Fred Ebb, John Kander, Sheldon Harnick, , Jerry Bock, Sondheim, Bock, Harnick, , “ Fiorello
It pitted Mr. Bayless, a journalist who helped popularize the daytime sports talk format on ESPN with a show called “First Take,” against Mr. Sharpe, a Hall of Fame tight end who won two Super Bowls with the Denver Broncos and one with the Baltimore Ravens. In an early episode of the show in 2016, Lil Wayne appeared to discuss the national anthem protests led by Colin Kaepernick and other N.F.L. This is not a perspective that has much cultural purchase on NPR or CNN, but it is shared by millions of Americans. Throughout their exchange, Mr. Bayless asked occasional questions but seemed mostly content to listen. A self-described “God and country guy,” Mr. Bayless is often considered a mouthpiece for older, tradition-minded sports fans, but his own views are somewhat less predictable.
Persons: LeBron James, Michael Jordan, , Bayless, Sharpe, Lil Wayne, , Covid, George Floyd, Colin Kaepernick, Mr, Ruth Bader Ginsburg’s, Justice Ginsberg Organizations: ESPN, Fame, Denver Broncos, Baltimore Ravens, YouTube, Lakers, Cleveland Browns, NPR, CNN Locations: African American, Georgia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMajor components of inflation failing to decelerate quickly, says Morgan Stanley's Michael KushmaKayne Anderson Rudnick’s Julie Biel, Morgan Stanley’s Michael Kushma and The Wall Street Journal's Greg Ip join 'Power Lunch' to discuss the Fed's upcoming rate decision, the case for the Fed to raise rates again, and uneven momentum in the market.
Persons: decelerate, Morgan Stanley's Michael Kushma Kayne Anderson, Julie Biel, Morgan Stanley’s Michael Kushma, Greg Ip Organizations: Fed
As a budding writer with a knack for shrewd description, Nate spends the length of Paul Rudnick’s life-filled rom-com trying to find ways to describe that man, Farrell Covington: He is a “blinding sun god,” a “blank check,” an “unhinged cipher” and more. In so doing, Nate also reaches for a new way of seeing himself and what he believes to be possible for two men in love. To Nate’s surprise, Farrell returns his gaze with an even stronger intensity. It supersedes the look of a crush — it’s an appraisal, a reverie. And of the pair, Farrell is the one with an eye for beauty.
Persons: FARRELL COVINGTON, Paul Rudnick Nate Reminger, Nate, Paul Rudnick’s, Farrell Covington, Farrell, aesthete Organizations: Yale University Locations: New Jersey
The “Ray” actor’s message follows an announcement from FOX network, also shared on Wednesday, that Nick Cannon will be filling in as guest host on “Beat Shazam,” a music-related game show that Foxx hosts with his daughter Corinne. The network also announced that Kelly Osbourne will be filling in as guest DJ on the show. “Everyone at FOX Entertainment wishes Jamie well as he continues his recovery, and we greatly appreciate Nick’s willingness to jump in and help this summer,” the statement read. Foxx had been in Atlanta filming the Netflix movie “Back in Action” with Cameron Diaz when he experienced the medical emergency resulting in his hospitalization. A source previously told CNN that the incident did not happen on set, and indicated that filming was expected to wrap in April.
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