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☆ The ex-Twitter director who went 'hardcore' for Elon Musk and slept on the floor of X's office is now working for his Meta nemesis, Mark Zuckerberg
▼ + stars: | 2024-04-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewA former top lieutenant at Elon Musk's Twitter says she's working for Mark Zuckerberg at Meta now. AdvertisementBesides lauding "the exceptional quality of the people" working at Meta, Crawford said she was attracted by Zuckerberg's "vision and intensity." Crawford's latest career move could be an indicator of big moves Zuckerberg may be making in his bid to vanquish Musk's X. "I do plan to keep using both X and Threads," she said in an email to BI on Monday. Representatives for Meta and X didn't immediately respond to requests for comment from BI sent outside regular business hours.

Persons: —, Mark Zuckerberg, I've, Esther Crawford, Crawford, he's, Zuckerberg, Elon Musk's, Elon, Musk's, hasn't, X didn't Organizations: Service, Elon, Twitter, Meta, Business, BI

☆ Hong Kong transgender activist gets new male ID after yearslong legal battle
▼ + stars: | 2024-04-30 | by ( Chris Lau | ) edition.cnn.com time to read: +5 min

On Monday, Tse finally picked up a new ID card that registered his gender as male at Hong Kong’s immigration office. The 33-year-old activist, who holds both British and Hong Kong passports, identifies as a man and has lived as a man for years. His British passport identifies him as male but Hong Kong authorities refused to make that change for the city’s identity card, which is compulsory for all residents. So in 2017, Tse took legal action against the Hong Kong government, which fought the case all the way. LGBTQ activists in Hong Kong have long questioned why they must keep fighting through the courts to gain recognition and equality, but they have nonetheless seen repeated successes.

Persons: Henry Tse, Tse, –, ” Tse, Hong, ”, Xi Organizations: Hong Kong CNN, British, Hong, Appeal, CNN, Kong’s Immigration Department, Reuters Locations: Hong Kong, Hong, East Asia, Kong’s, Tse’s, China, Taiwan, Asia, Japan

☆ Exclusive: French VC firm Ventech has exited digital music company Believe and launched its 6th fund
▼ + stars: | 2024-04-30 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Read previewVenture capital firm Ventech has sold its stake in digital music company Believe, saying the company's lack of liquidity has led to it being "chronically undervalued" on the Paris Stock Exchange. "It wasn't really possible to use the Believe stock to accelerate its build-up," he added. Related stories"The management wanted to size the company, but the stock price and liquidity wasn't allowing that," he said. Ventech has raised an initial closing for its sixth fund, targeted at around €225 million ($241 million). Ventech has made initial deals from its sixth fund, backing French startup Firecell and German real-estate management company Einwert.

Persons: —, Ventech, Jean Bourcereau, Thomas Bravo, Bourcereau Organizations: Service, Paris Stock Exchange, Business, London Stock Exchange Locations: Ventech, €, Europe, Stockholm

☆ Family offices are looking beyond the stock market for higher returns, new report finds
▼ + stars: | 2024-04-29 | by ( Robert Frank | ) www.cnbc.com time to read: +5 min

The family offices covered by the survey had 26% of their assets invested in publicly traded stocks. The study surveyed 190 single family offices around the world, with an average of $1.4 billion in assets. In the U.S., only 49% of family offices have a long-term target return for their portfolio. Still, family offices use various benchmarks for their investment portfolios, with more than three-quarters of those surveyed using some benchmark to evaluate performance. Increasingly, family offices are looking to outsource more functions to reduce costs, especially among smaller family offices of under $500 million.

Persons: William Sinclair, Sinclair, cybersecurity, Robert Frank Organizations: JPMorgan Private Bank Global, Family, JPMorgan Private Bank, JPMorgan Locations: U.S

☆ Arizona Rancher Accused of Killing Migrant Won’t Be Retried After Mistrial
▼ + stars: | 2024-04-29 | by ( Jesus Jiménez | More About Jesus Jiménez | ) www.nytimes.com time to read: +1 min

Prosecutors in Arizona said on Monday that they would not retry a rancher who was charged with murdering an unarmed migrant on his property last year after a mistrial was declared last week. Judge Thomas Fink of Santa Cruz County Superior Court declared a mistrial on April 22. The Santa Cruz District Attorney’s Office said in a statement on Monday that “because of the unique circumstances and challenges surrounding” the case, Mr. Kelly would not be retried. “However, our office’s decision in this case should not be construed as a position on future cases of this type,” the office said. “Our office is mandated by statute to prosecute criminal acts, and we take that statutory mandate seriously.”

Persons: George Kelly, Gabriel Cuen, Cuen, Buitimea, Judge Thomas Fink, Kelly, “, ” Organizations: Santa, Superior Court, Attorney’s Locations: Arizona, Kino Springs, Ariz, Mexico, Santa Cruz

☆ Why an Immunity Ruling in Trump’s Favor Might Not Alter the Shape of His Trial
▼ + stars: | 2024-04-29 | by ( Charlie Savage | ) www.nytimes.com time to read: +1 min

If the Supreme Court rules that Donald J. Trump is immune from being charged with crimes over official actions he took as president, it would be a momentous decision for the future of executive power and American-style democracy. But it is far from certain that such a ruling would derail the election subversion case against him. Mr. Trump faces four criminal counts over his efforts to overturn his loss of the 2020 election, but none are exclusively centered on conduct Mr. Trump undertook in his capacity as president. Rather, the indictment tells a story that mixes both official acts with private ones, meaning actions Mr. Trump took in his role as a candidate for office. It then declares that each charge arises from the entire picture.

Persons: Donald J, Trump, Jack Smith, Rather

☆ Jeffries’s Hint of a Lifeline Bolstered Johnson on Ukraine. Will He Need It?
▼ + stars: | 2024-04-29 | by ( Carl Hulse | ) www.nytimes.com time to read: +1 min

When Representative Hakeem Jeffries, the House Democratic leader, was in Munich in mid-February for the annual international security conference, Representative Michael R. Turner, the Ohio Republican and chairman of the Intelligence Committee, quietly sought him out with a request. Mr. Turner, according to those familiar with the private conversation, told Mr. Jeffries that he was committed to funding Ukraine’s war effort and believed that Speaker Mike Johnson would ultimately put an aid package on the floor, in defiance of right-wing Republicans opposed to doing so. Mr. Jeffries said he would take the idea under advisement. About 10 days later, after a Feb. 27 Oval Office session with President Biden and congressional leaders, Mr. Jeffries made his move. At a luncheon the next day at the Washington bureau of The New York Times, Mr. Jeffries responded to a question that he believed “a reasonable number” of Democrats would bail out Mr. Johnson if he put the aid package to a vote and faced ouster because of it.

Persons: Hakeem Jeffries, Michael R, Turner, Mr, Jeffries, Mike Johnson, Johnson, ultraconservatives, Kevin McCarthy, Biden Organizations: Democratic, Ohio Republican, Intelligence Committee, Republicans, The New York Times Locations: Munich, Washington

☆ Policy continuity is key if India wants to see strong economic growth in the next 5 years, Nomura says
▼ + stars: | 2024-04-29 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

Optimism in India's growth shows little signs of slowing, but policy continuity will be crucial if it wants to see strong growth in the next five years, Rob Subbaraman, Nomura's chief economist and head of global markets research Asia ex-Japan, said. India's elections are underway and Modi is widely expected to win a strong mandate for a third term in office. That projection is much higher than Nomura's growth outlook for China (3.9%), Singapore (2.5%) and South Korea (1.8%) in the same period. "With China's economy slowing, India is likely to be the fastest growing Asian economy this decade," Nomura said in a recent note. "Irrespective of the election outcome, policy continuity and a focus on macroeconomic stability are important growth underpinnings," the bank's analysts added.

Persons: Rob Subbaraman, Modi, Subbaraman, Nomura Organizations: Modi, CNBC, Bharatiya Janata Party Locations: Asia, Japan, China, Singapore, South Korea, India

☆ After Mulling Resignation, Spain’s Leader Says He’ll Stay On
▼ + stars: | 2024-04-29 | by ( Jason Horowitz | Rachel Chaundler | ) www.nytimes.com time to read: +1 min

The decision by Mr. Sánchez, who has repeatedly astonished his supporters and frustrated his conservative critics with his knack for political survival, is a momentous one for him, his country and all of Europe. Mr. Sánchez inspired anxiety, bewilderment and right-wing hopes last week when he responded to the opening of a judicial investigation into his wife by canceling his public schedule and issuing an emotional public letter. He wrote that harassment against his family had become intolerable and that he was considering quitting. But on Monday he walked back from the precipice after days of apparent reflection out of the public eye. Spain’s public prosecutor’s office had already sought to have the complaint against his wife dismissed for lack of evidence.

Persons: Pedro Sánchez, Sánchez Locations: Spain, Europe

☆ A man was arrested after Mint Butterfield, whose dad cofounded Slack and mom cofounded Flickr, was found in the back of a van
▼ + stars: | 2024-04-29 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

Butterfield's parents cofounded Flickr, and their father later cofounded Slack. Their parents, Caterina Fake and Stewart Butterfield, cofounded Flickr in 2004, and Stewart Butterfield went on to cofound Slack. Their disappearance resulted in an extensive search effort in Tenderloin, an area in San Francisco known for homelessness, crime, and drugs. Butterfield's parents, Stewart Butterfield and Caterina Fake, were married from 2001 until 2007, the New York Post reported. Stewart Butterfield cofounded Slack in 2013 with Cal Henderson.

Persons: Butterfield, Slack, —, Mint Butterfield, Caterina Fake, Stewart Butterfield, cofound Slack, Christopher, Kio, Dizefalo, Adam Schermerhorn, Schermerhorn, Jyri Engeström, Cal Henderson Organizations: Flickr, Service, Saturday, Police, Marin County Sheriff's, San Francisco, Office, New York Post, Yahoo Locations: San Francisco, Tenderloin, Marin County, Marin

☆ My Investment Banking Job Nearly Destroyed Me
▼ + stars: | 2024-04-29 | by ( Christine Ji | ) www.businessinsider.com time to read: +9 min

I hadn't expected to be lying on the office floor thinking that I needed to quit my investment banking job — yet there I was. The allure of an investment banking job is seductive. Being an investment banking analyst was much sexier in theory than practiceI knew banking would be intense from the internship, but nothing could've prepared me for just how intense the full-time role was. There's very little advice out there on how to quit your investment banking job. I can't say I loved investment banking to that degree, so I walked away.

Persons: could've, nauseous, there'd, Ji Organizations: Business, Ivy League, Wall

☆ Tank Dell: Houston Texans wide receiver injured in shooting, teen arrested
▼ + stars: | 2024-04-29 | by ( Paradise Afshar | ) edition.cnn.com time to read: +1 min

CNN —Tank Dell, a wide receiver for the NFL’s Houston Texans, was injured Sunday during a shooting in Sanford, Florida, the team has confirmed. Dell, 24, is in good spirits after he sustained minor injuries from the shooting, the team said in a statement posted on X, formerly known as Twitter. At least 10 people were injured in the shooting and were taken to the hospital. Dell is from Daytona Beach, Florida, according to the NFL. Daytona Beach is about 40 miles from Sanford.

Persons: Dell Organizations: CNN, NFL’s Houston Texans, Twitter, WESH, Police, Daytona, NFL Locations: Sanford , Florida, Sanford, Seminole, Daytona Beach , Florida

☆ We Are Talking About the Manhattan Case Against Trump All Wrong - The New York Times
▼ + stars: | 2024-04-29 | by ( Rebecca Roiphe | ) www.nytimes.com time to read: +1 min

Now that the lawyers are laying out their respective theories of the case in the criminal prosecution of Donald Trump in New York, it would be understandable if people’s heads are spinning. On the one hand, some legal experts claim that the conduct charged in New York was the original election interference. On the other hand, some critics think the criminal case is a witch hunt, and others claim it is trivial at best and at worst the product of selective prosecution. As someone who worked in the Manhattan district attorney’s office and enforced the laws that Mr. Trump is accused of violating, I stand firmly in neither camp. In time, after the smoke created by lawyers has cleared, it will be easy to see why the prosecution is both solid and legitimate.

Persons: Donald Trump, It’s, Trump Locations: New York, Manhattan

☆ Pedro Sanchez stays on as Spain's prime minister after weighing exit
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: +1 min

Spain's Prime Minister Pedro Sanchez said on Monday he had decided to continue in office, days after abruptly announcing he was considering his future following the launch of a corruption investigation against his wife. The centre-left prime minister, 52, had surprised foes and allies alike when he said on Wednesday he was taking time from public duty to consider quitting. He had been encouraged to stay by widespread expressions of support over the weekend, Sanchez said. "I have decided to go on, if possible even stronger as prime minister. "As a leader he has shown a weakness and it's something that the opposition will exploit a lot."

Persons: Pedro Sanchez, Begona Gomez, Sanchez, King Felipe VI, Ignacio Jurado, Carlos Organizations: Spain's, Carlos III University

☆ Paramount’s Chief Executive, Bob Bakish, Steps Down
▼ + stars: | 2024-04-29 | by ( Benjamin Mullin | Lauren Hirsch | ) www.nytimes.com time to read: +1 min

Bob Bakish, the chief executive of Paramount, is stepping down effective immediately, the company announced on Monday, a stunning shake-up in the top ranks of the company as it considers a major merger. Mr. Bakish, 60, will be replaced by an “office of the C.E.O.” run by three executives: Brian Robbins, head of the Paramount movie studio; George Cheeks, chief executive of Paramount’s CBS division; and Chris McCarthy, chief executive of Showtime and MTV Entertainment Studios. Like many media companies, Paramount has struggled in recent years to get its streaming business off the ground as audiences for its cable channels have diminished. In recent months, the company has been in discussions to merge with Skydance, a media company run by the tech scion and Hollywood executive David Ellison. Shari Redstone, Paramount’s controlling shareholder, has already signed off on a potential deal for her stake, but the company’s directors have yet to reach an agreement for the whole company.

Persons: Bob Bakish, Bakish, Brian Robbins, George Cheeks, Chris McCarthy, Bakish’s, David Ellison, Shari Redstone Organizations: Paramount, Paramount’s CBS, Showtime, MTV Entertainment Studios

☆ How CEOs are preparing for possible employee protests
▼ + stars: | 2024-04-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

You can always choose to move on, but remember you don’t have a right to work at most companies. We can’t keep re-litigating when we also have a business to runYou speak with CEOs every day. Most of the CEOs I’ve talked to said they haven’t seen their employees protest, but they’re bracing for it. But I will say that I don’t think it will become that widespread because of how swiftly and unapologetically Google addressed it. I don’t think it will become a thing.

Persons: Sundar Pichai, Bell, Johnny C, Taylor Jr, that’s, we’re, We’re, we’ve, I’m, You’d, They’re, I’ve, Royce, Peter Valdes, “ We’re, ”, Martin Fritsches, “ That’s, Brian Fung, Sean Lyngaas, Satya Nadella, Sam Altman, Northrop Grumman, Alejandro Mayorkas Organizations: CNN Business, Bell, New York CNN, Google, Tech, Society for Human Resource Management, Companies, Royce, BMW, OpenAI, Microsoft, Department of Homeland Security, Delta Air Lines, DHS, “, Amazon Web Services, IBM, Cisco, ’, Civil Locations: New York, Israel, Chichester , England

☆ A Small Campus in the Redwoods Has the Nation’s Most Entrenched Protest
▼ + stars: | 2024-04-29 | by ( Jonathan Wolfe | ) www.nytimes.com time to read: +1 min

When university administrators across the nation worry about the potential fallout from campus protests, they may have Siemens Hall in mind. The building at California State Polytechnic University, Humboldt, includes the campus president’s office and has been occupied for a week by pro-Palestinian protesters who barricaded themselves inside and fought off an early attempt by the police to remove them. Protesters have since tagged walls and renamed it “Intifada Hall” by ripping off most of the signage on the brick exterior. The school, situated more than 275 miles north of San Francisco among the ancient coastal redwoods that drip with fog mist, is the site of the nation’s most entrenched campus protest. It has gone well beyond the encampments on student quads elsewhere; at Cal Poly Humboldt, protesters took over the power center of the campus and have rejected increasingly desperate entreaties from officials for them to vacate the premises.

Persons: Tom Jackson Jr Organizations: Siemens, California State Polytechnic University, Humboldt, “, Gaza, Cal Poly Humboldt Locations: San Francisco

☆ Paramount CEO Bob Bakish is officially out
▼ + stars: | 2024-04-29 | by ( Paul Squire | ) www.businessinsider.com time to read: +2 min

CEO Bob Bakish will step down and be replaced by a trio of senior executives. David Ellison has been itching to strike a deal with Shari Redstone to buy Paramount. AdvertisementParamount announced Monday that its president and CEO Bob Bakish is out and will be replaced by a trio of execs. Bakish is stepping down from the entertainment studio as major shareholder Shari Redstone inches closer to a possible sale of her controlling stake in the company. In the statement, Shari Redstone (who also serves as the chair of the board) said she has "tremendous confidence" in the new leadership.

Persons: Bob Bakish, David Ellison, Shari Redstone, —, Shari, David Ellison's Skydance, Larry Elison, George Cheeks, Chris McCarthy, Brian Robbins, Bakish, David Ellison's Organizations: Paramount, Service, Oracle, Bloomberg, — CBS, Showtime, MTV Entertainment Studios, Paramount Media Networks, Nickelodeon, Board, Paramount Global, Hollywood

☆ Delay, Delay, Delay
▼ + stars: | 2024-04-29 | by ( David Leonhardt | ) www.nytimes.com time to read: +1 min

And he directed state election officials to “find” him votes. Even so, Congress did not sanction him, and neither of the criminal trials related to his actions may even start before the 2024 election. Republican senatorsThe simplest path for addressing Trump’s attempts to overthrow an election was always in Congress. Congress has the power to impeach officials and bar them from holding office again, and it has used this power before. Most criminal convictions, by contrast, do not prevent somebody from holding office.

Persons: Donald Trump, Trump, Trump’s Organizations: Capitol, Republican, Democratic, Congress

☆ Adam Neumann got cut out of WeWork's restructuring deal
▼ + stars: | 2024-04-29 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

WeWork has a new plan to get out of bankruptcy — and it doesn't involve Adam Neumann. Neumann is seeking to acquire the company he created for more than $500 million. AdvertisementWeWork has a new plan to get out of bankruptcy — and it doesn't involve Adam Neumann, who wants to acquire the flexible office provider he created. AdvertisementBut Neumann, who has recently expressed interest in purchasing WeWork for more than $500 million, doesn't plan to go down without a fight. The company filed for bankruptcy in November 2023 after the pandemic dealt a massive blow to its business model.

Persons: WeWork, Adam Neumann, Neumann, —, Cupar Grimmond, SoftBank, Yardi Organizations: Service, Bloomberg

☆ A D.A. Was Caught Speeding. Her Outburst Earned Her More Than a Ticket.
▼ + stars: | 2024-04-29 | by ( Claire Fahy | ) www.nytimes.com time to read: +1 min

being driven 20 miles per hour over the speed limit on Phillips Road. Officer Crisafulli put on his lights and sirens, signaling to the driver to pull over. I was going 55 coming home from work,” Ms. Doorley said angrily, getting out of the car as Officer Crisafulli approached her garage. He reminded her that the speed limit on Phillips Road was 35 m.p.h. In the footage, Ms. Doorley can be heard using expletives, calling the officer vulgar names and repeatedly escalating the situation.

Persons: Cameron Crisafulli, Crisafulli, Sandra Doorley, “, ” Ms, Doorley, ” Organizations: Police, Webster Police Department Locations: Webster, N.Y, Rochester, Monroe County

☆ Gérard Depardieu Ordered to Stand Trial in Sexual Assault Case
▼ + stars: | 2024-04-29 | by ( Aurelien Breeden | ) www.nytimes.com time to read: +1 min

Gérard Depardieu was ordered on Monday to stand trial on criminal charges that he sexually assaulted two women during a 2021 film shoot in France, deepening the French actor’s legal woes and further tarnishing his global reputation as he faces a growing number of accusations of sexual violence. The Paris prosecutor’s office announced that Mr. Depardieu, 75, would be tried in October over allegations that he sexually assaulted the two women on the set of “Les Volets Verts,” or “The Green Shutters,” a movie by the French director Jean Becker that was released in 2022. The prosecutor’s office did not identify the two women or provide any details about the alleged assaults. Lawyers for Mr. Depardieu did not immediately respond to requests for comment on Monday evening, but the actor has repeatedly denied any sexual misconduct in the past. The order to stand trial was a serious development for Mr. Depardieu — one of the most prominent men in France to face accusations of sexual wrongdoing, especially since a new wave of allegations swept through the French movie industry in recent months.

Persons: Gérard Depardieu, Depardieu, Jean Becker Organizations: Mr Locations: France, Paris, French

☆ Billy Vunipola: England rugby player fined for resisting arrest at Mallorca nightclub, court says
▼ + stars: | 2024-04-29 | by ( George Ramsay | Al Goodman | ) edition.cnn.com time to read: +2 min

CNN —England international rugby player Billy Vunipola has been fined and handed a suspended four-month prison sentence after resisting arrest at a nightclub in Mallorca, a Spanish court said on Monday. He was charged with serious disobedience to an authority and resisting arrest, according to the court sentence document seen by CNN. “The accused admitted that he was in a nightclub in Palma where some police officers came because of a fight,” the court statement said. The 31-year-old also confirmed that he had been charged with resisting the law and had paid a €240 fine. According to the three-page court sentence document, Vunipola admitted that he had not followed police orders and subsequently caused an injury to an officer’s right wrist and hand, requiring medical attention.

Persons: Billy Vunipola, Vunipola, “, ”, won’t, “ unreservedly Organizations: CNN, England, Court, Justice, Spanish National Police, Saracens, Bath Locations: Mallorca, Palma, Palma ., Spain, France

☆ Stocks making the biggest moves premarket: Tesla, Paramount, Domino's, Southwest Airlines and more
▼ + stars: | 2024-04-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Paramount — The entertainment company saw shares climb more than 5% in premarket trading after reports that its board is preparing to fire CEO Bob Bakish as soon as Monday morning. Domino's Pizza — Shares of the pizza chain jumped more than 5% after a first-quarter earnings beat. Domino's reported $3.58 in earnings per share versus the $3.39 expected by analysts polled by LSEG. Southwest Airlines — The airline stock dipped 1.2% after Jefferies downgraded shares to underperform from hold. The company also said it expects box office performance for the second quarter to remain pressured by last year's strikes.

Persons: Bob Bakish, Domino's, Jefferies, Sheila Kahyaoglu, Bernstein, Toni Sacconaghi, —, Sarah Min, Yun Li, Michelle Fox, Pia Singh, Jesse Pound Organizations: Paramount, LSEG, Southwest Airlines —, Apple, Barclays, AMC Locations: LSEG ., China

☆ Election Deniers Are Still Shaping Arizona Politics
▼ + stars: | 2024-04-29 | by ( Jess Bidgood | ) www.nytimes.com time to read: +1 min

Two years ago, a group of election deniers ran for office in Arizona, with Kari Lake’s campaign for governor topping the ticket. It turned out, though, that the small matter of losing was not going to keep election deniers out of the spotlight, nor away from key roles in the Arizona Republican Party and beyond. Last week, the Democratic attorney general of Arizona charged 17 people with counts including conspiracy, fraud and forgery, alleging they made efforts to overturn former President Donald Trump’s narrow loss in the 2020 election that amounted to a crime. Eleven of the people charged cast fake electoral votes in support of Trump. (While their names were redacted in the indictment, detailed descriptions contained in the charging documents made it easy to tell who they are.)

Persons: Kari Lake’s, Donald Trump’s, Trump, Rudolph Giuliani, Mark Meadows, Boris Epshteyn Organizations: Arizona Republican Party, Democratic, Trump, White House Locations: Arizona, New York

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