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When a company performs well and I interview its CEO on CNBC, I consider the stock's performance before fashioning my questions. Maybe the company had been poorly run and the guest is a new CEO who is turning it around. Once Wood picks a stock, that company can do no wrong, which is code for she can do no wrong. And take it from me, an old Mexican restaurant veteran, it travels better than any other restaurant chain. We should have just bought Dutch Bros. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)
Persons: Albert Manifold, Rather, That's, Chris Gibson, Jensen Huang, Huang, Gibson, Cathie Wood, Wood, that's, Brinker, Chipotle, Chipotle execs, Taco Bell, isn't, Yum, McDonald's, Laxman Narasimhan, Howard Schultz, let's, Narasimhan, Joe, Locker, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: CNBC, Pharmaceuticals, Nvidia, ARK, Gallup, Darden, Diageo, Brands, KFC, Taco, Taco Bell, Texas, Starbucks, Management, Bros, Dutch Bros, Jim Cramer's Charitable, Starbucks Corp, Health, Education, Labor, Bloomberg, Getty Locations: United States, U.S, Dublin, Ireland, Europe, Texas, Olive, East, Israel, Washington , DC
Bernie Sanders is running for reelection
  + stars: | 2024-05-06 | by ( Bryan Metzger | ) www.businessinsider.com   time to read: +2 min
Sen. Bernie Sanders is running for reelection in 2024. The 82-year-old is the last senator to announce his reelection plans this year. AdvertisementSen. Bernie Sanders of Vermont, the longest-serving independent in American history, will seek a 4th term in the US Senate later this year. He is the last US senator whose term ends in 2024 to announce whether or not he would seek reelection. Sanders is immensely popular in Vermont and is all but guaranteed to be reelected in November.
Persons: Sen, Bernie Sanders, , Bernie Sanders of, coy, Republican Sen, Chuck Grassley, Sanders, Hillary Clinton, Alexandria Ocasio, Cortez, Joe Biden, Long, Biden's, That's, Sanders —, he's Organizations: Service, Democratic, Republican, Democratic Party, Health, Education, Labor, Pensions Locations: Bernie Sanders of Vermont, Iowa, Vermont, Alexandria, Gaza, Israel
Howard Schultz, former chief executive officer of Starbucks Corp., drinks from a Starbucks mug during a Senate Health, Education, Labor, and Pensions Committee hearing in Washington, DC, US, on Wednesday, March 29, 2023. The answer does not lie in data, but in the stores," Schultz wrote in a letter on Sunday evening posted to LinkedIn. He appeared to offer advice to his successor as he tries to turn the chain's sales around. "Leaders must model both humility and confidence as they work to restore trust and increase performance across the organization," Schultz wrote. A year and a half ago, Schultz told CNBC that he does not plan to come back as Starbucks' chief executive again.
Persons: Howard Schultz, Schultz, Sara Senatore, Laxman Narasimhan, Reckitt Organizations: Starbucks Corp, Health, Education, Labor, Starbucks, LinkedIn, Bank of America Securities, CNBC Locations: Washington , DC, U.S, East
Bernie Sanders wants to make Ozempic cheaper
  + stars: | 2024-03-28 | by ( Geoff Weiss | ) www.businessinsider.com   time to read: +2 min
Sen. Bernie Sanders said the price of Ozempic is "outrageously high." A recent study found that Ozempic can be made for less than $5 per month — but it costs nearly $1,000. AdvertisementSen. Bernie Sanders is outraged by the price of Ozempic — so much that he wants to meet with the CEO of its maker, pharma giant Novo Nordisk, Bloomberg reports. Related stories"A new Yale study found that Ozempic costs less than $5 a month to manufacture," Sanders said in a statement. Novo Nordisk also spent $5 billion on R&D globally in 2023, the company said.
Persons: Sen, Bernie Sanders, , Sanders, Lars Fruergaard Jørgensen, Sanders — Organizations: Novo Nordisk's, Bloomberg, Service, pharma, Novo Nordisk, Health, Education, Labor, Yale, Nordisk Locations: Novo, GLP, Canada, Germany, U.S, America
Sen. Bernie Sanders and Senate Democrats cited advances in artificial intelligence and automation Thursday as they argued for a new bill that would mandate a 32-hour federal workweek. "The sad reality is Americans now work more hours than the people of any other wealthy nation," the Vermont independent later said. The bill introduced by the committee chair Sanders and Sen. Laphonza Butler, D-Calif., would gradually reduce the standard workweek from 40 hours to 32 hours over four years. Sanders and Democrats at Thursday's hearing said that reducing the workweek would allow people to spend more time with family and on hobbies. "This would be napalm upon the fire of inflation," said Sen. Bill Cassidy of Louisiana, and the ranking Republican on the Health, Education, Labor and Pensions Committee.
Persons: Bernie Sanders, Sen, Bill Cassidy, Sanders, Laphonza Butler, Mark Takano, Jamie Dimon, Bill Gates, Chris Murphy, Conn, Bill Cassidy of, Mike Braun, Juliet Schor, Schor, Jon Leland, Leland, Liberty Vittert, Vitter, Vittert, St . Louis, Cassidy, They're Organizations: Health, Education, Labor, Pensions, Employers, Representatives, JPMorgan, Microsoft, Republican, Boston College, Washington University Locations: Dirksen, Washington , DC, Vermont, D, Bill Cassidy of Louisiana, Indiana, St .
Many older Americans are financially vulnerable, with over half living on incomes of $30,000 or less a year. And, as Sanders' report notes, about 10% of older Americans live in poverty, according to an analysis from the Center on Budget and Policy Priorities. Without Social Security income, around 38% of Americans 65 and older would be living below the poverty line. Even so, America's Social Security benefits lag behind many other wealthy countries; benefits amount to, on average, 51.8% of workers' earnings across the OECD. All of that comes as older Americans see their adult children leaning on them financially, as Gen Zers and millennials weather their own economic storms.
Persons: Bernie Sanders, , Sanders, Zers, I'm, Jane, you'll Organizations: Service, Health, Education, Labor, Wall, Survey, Federal Reserve's Survey, Consumer Finance, Budget, Security, OECD, Social Security Locations: Japan
At least three providers in Alabama, including the state’s largest health system, have halted some in vitro fertilization services since the court’s ruling. Republicans hold a majority in both the Alabama House and Senate. “Any legislation that gets passed is ultimately up to interpretation by the Alabama Supreme Court,” O’Conner said. A trial court initially dismissed the claims, but the state Supreme Court ruling reversed that decision. The clinic involved in the lawsuit, The Center for Reproductive Medicine in Mobile, is among those that have halted some IVF services.
Persons: Steve Marshall, Katie O’Connor, ” O’Conner, Anthony Daniels, Kay Ivey’s, Daniels, Bill, Republican Terri Collins, Tim Melson, “ I’m, , Democratic Sen, Tammy Duckworth, Savannah Koplon, Butch Dill, ” Dr, Janet McLaren Bouknight, Katherine Kraschel, , ” Kraschel, Greg Abbott, Trump, ” Abbott, CNN’s Dana, Abbott, Richard Drew, ” O’Connor, Sen, Erin Grall, Kraschel, Trip Smalley, Smalley Organizations: CNN, Republican, National Women’s Law, Alabama, Democratic, Alabama House, Gov, Alabama Republicans, Senate, Republicans, Alabama Supreme, University of Alabama, Alabama Legislature, The University of Alabama, Birmingham, Infant Center, Alabama Fertility Specialists, Facebook, , Alabama Fertility, Northeastern University School of Law, Texas Gov, Union, AP Lawmakers, Tampa Bay Times, Center, Reproductive Medicine Locations: Alabama, Montgomery, state’s, House, Birmingham, Birmingham , Alabama, Texas, “ State, Florida, Republican Florida, Mobile,
Senators will question the CEOs of Johnson & Johnson , Merck and Bristol Myers Squibb on U.S. drug prices at a hearing Thursday, as lawmakers on both sides of the aisle work to rein in high health-care costs for Americans. Prescription drug prices in the U.S. are also more than 2.5 times as high as those in other high-income nations, another federal report showed. The Senate Health, Education, Labor and Pensions Committee says that's especially true for some of the top drugs from J&J, Merck and Bristol Myers Squibb. ET and include testimony from J&J CEO Joaquin Duato, Merck CEO Robert Davis and Bristol Myers Squibb CEO Chris Boerner. A spokesperson for Bristol Myers Squibb did not immediately respond to a request for comment ahead of the hearing.
Persons: Sen, Bernie Sanders, Ed Markey, Joaquin Duato, Robert Davis, Chris Boerner, Duato, Davis, Bristol Myers, Eli Lilly's, J Organizations: Capitol, Johnson, Merck, Bristol Myers Squibb, U.S, Health, Education, Labor, Pensions, Bristol Myers, CNBC, J, Bristol Locations: U.S
The chief executives of three major pharmaceutical companies are set to appear in front of the Senate health committee on Thursday to defend how much they charge for drugs in the United States, drawing them further into a confrontation with lawmakers and the Biden administration over the cost of some of the most widely used prescription medications. The three executives scheduled to testify — Joaquin Duato of Johnson & Johnson, Robert M. Davis of Merck and Christopher Boerner of Bristol Myers Squibb — are expected to clash with the health committee’s chairman, Senator Bernie Sanders of Vermont, an independent who has made reining in drug prices a signature cause of his late-career years in Congress. Mr. Sanders plans to focus the hearing on why drug prices are higher in the United States than in other wealthy countries. His staff has singled out several widely used drugs, including Eliquis, a blood thinner made by Bristol Myers Squibb, and Januvia, a diabetes drug from Merck, that can be bought for much less in Canada and Europe than in the United States.
Persons: Biden, — Joaquin Duato, Johnson, Robert M, Davis, Christopher Boerner, Bernie Sanders of, Sanders Organizations: Merck, Bristol Myers Squibb Locations: United States, Bernie Sanders of Vermont, Canada, Europe
Sen. Bernie Sanders, I-Vt., holds his news conference with Sen. Ed Markey, D-Mass., in the Capitol on Thursday, January 25, 2024, on issuing subpoenas for pharmaceutical company CEOs to testify regarding drug prices. The CEOs of Merck and Johnson & Johnson have voluntarily agreed to testify at an upcoming Senate hearing on high drug prices in the U.S., Sen. Bernie Sanders announced Friday, as lawmakers ramp up efforts to rein in health-care costs for Americans. Meanwhile, Bristol Myers Squibb CEO Chris Boerner and another unnamed pharmaceutical CEO agreed to initial invitations to testify. The push to cut drug prices is one of the rare issues that has united both major political parties in recent years — though they have often backed different approaches to doing so. Last year, the Senate Health Committee similarly heard testimony from the CEOs of Moderna , Eli Lilly , Novo Nordisk and Sanofi on high drug prices.
Persons: Sen, Bernie Sanders, Ed Markey, Johnson, Joaquin Duato, Robert Davis, Chris Boerner, Sanders, Januvia, Bristol Myers, Joe Biden's, J, Eli Lilly Organizations: Merck, Johnson, Health, Education, Labor, Pensions, Bristol Myers, Bristol, J, Moderna, Novo Nordisk, Sanofi Locations: U.S
Political Cartoons View All 1274 ImagesNew Jersey's law banning smoking in public businesses specifically exempts Atlantic City's casinos. “I feel extremely confident that people will lose their jobs” under a total smoking ban. Support for a casino smoking ban is widespread among New Jersey lawmakers, with a bipartisan majority in both chambers, and Democratic Gov. Shreveport, Louisiana ended a smoking ban in its casinos in June. The casino industry opposes a smoking ban, saying it would lose customers and revenue if smoking were banned while still being allowed in casinos in nearby states.
Persons: , , Lamont White, Nicole Vitola, Sen, Richard Codey, Joseph Vitale, ” Vitale, Fred Madden, ” Madden, Mark Giannantonio, Phil Murphy, Chris Moyer, “ We're, Christina Renna, ___, Wayne Parry Organizations: Democratic, Capitol, Democrat, Casino Association of New, New, Democratic Gov, Atlantic City, Chamber of Commerce Southern, Gaming, Washington , D.C, Resorts — Locations: TRENTON, N.J, Atlantic City, Casino Association of New Jersey, New Jersey, Pennsylvania, Rhode Island , Virginia , Kansas , Michigan, Nevada, Shreveport , Louisiana, Chamber of Commerce Southern New Jersey, Vegas, Washington ,, Boston, Maryland, Ocean, www.twiter.com
The federal government is delaying a new rule that could make it easier for millions of workers to unionize after business groups challenged it in court. The National Labor Relations Board said Thursday that the rule — which was scheduled to go into effect in December — will now be effective Feb. 26. The rule sets new standards for determining when two companies should be considered “joint employers" in labor negotiations. But the new rule would expand that definition, saying companies may be considered joint employers if they have the ability to control — directly or indirectly — at least one condition of employment. But the NLRB says the current rule makes it too easy for companies to avoid their legal responsibility to bargain with workers.
Persons: McDonald's isn't, National Retail Federation —, Sen, Bill Cassidy, Cassidy, Democratic Sen, Joe Manchin, Joe Biden Organizations: National Labor Relations Board, Republican, U.S . Chamber of Commerce, American, Lodging Association, International Franchise Association, National Retail Federation, NLRB, U.S, Louisiana Republican, Health, Education, Labor, Pensions, Federal, Democratic, House Locations: , Texas, Louisiana, West Virginia
REUTERS/Elizabeth Frantz Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - An Oklahoma senator challenged Teamsters President Sean O'Brien to a fight during a Senate hearing on Tuesday rising from his seat, before the committee chair stepped in defuse the confrontation. The verbal sparring began after Republican Senator Markwayne Mullin paraphrased from a June tweet posted by O'Brien about the Senator: "...What a clown, a fraud. Mullin then rose for his seat after O'Brien said "You stand your butt up, big guy" as the two traded further barbs. At that point Sanders, who was chairing the hearing with union presidents, said to Mullin: "You're a United States senator, sit down." Mullin again later in the hearing challenged O'Brien to fight for charity in April.
Persons: Sean M, Elizabeth Frantz, Sean O'Brien, Markwayne Mullin, O'Brien, Mullin, Sanders, Chris Sanders, Nick Zieminski Organizations: Brotherhood of Teamsters, Health, Education, Labor, REUTERS, Rights, United, Thomson Locations: Washington , U.S, An Oklahoma, United States
A Republican senator and the president of the Teamsters union nearly got in a fistfight Tuesday in the middle of a Senate hearing, until Vermont Sen. Bernie Sanders stepped in and broke it up. The exchange began when Sen. Markwayne Mullin, Okla., read a tweet that Teamsters President Sean O'Brien had posted in June. We can be two consenting adults, we can finish it here," Mullin said to O'Brien, who was testifying at a hearing on labor unions in America. Mullin, dressed in a white shirt and no jacket, then stood up and began to move toward O'Brien. shouted Sen. Bernie Sanders, the Vermont independent and chairman of the Senate Health, Education, Labor, and Pensions CommitteeMullin and O'Brien continued to trash talk each other in the hearing room.
Persons: Vermont Sen, Bernie Sanders, Sen, Markwayne Mullin, Okla, Sean O'Brien, Mullin, O'Brien Organizations: Republican, Teamsters, United, Health, Education, Labor Locations: Vermont, America, United States
UAW President Shawn Fain takes the stage with Dawn Simms, UAW Local 126 Member, during a United Auto Workers (UAW) union members in Belvidere, Illinois, U.S., November 9, 2023. REUTERS/Leah Millis Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - United Auto Workers President Shawn Fain will tell a Senate Committee on Tuesday the union plans to aggressively organize non-union U.S. auto plants after winning new contracts with the Detroit Three automakers. "For decades, non-union auto companies have used fear, uncertainty, and division to break union drives in our industry," Fain will tell the Senate Health, Education, Labor and Pensions Committee, according to written testimony seen by Reuters. The UAW for decades has unsuccessfully sought to organize auto factories operated by foreign automakers. The hearing will also include testimony from Teamsters President Sean O'Brien and Association of Flight Attendants President Sara Nelson.
Persons: Shawn Fain, Dawn Simms, Leah Millis, Fain, Sean O'Brien, Sara Nelson, Nelson's, Joe Biden, unionize Tesla, David Shepardson, Deepa Babington Organizations: UAW, United Auto Workers, REUTERS, Rights, U.S, Detroit Three, Health, Education, Labor, Pensions, Reuters, Hyundai, nonunion, General Motors, Ford Motor, Chrysler, Toyota, Honda, Association of Flight, Illinois, Detroit, Thomson Locations: Belvidere , Illinois, U.S, KS, Korean
WASHINGTON (AP) — The Biden administration on Monday announced a White House initiative to improve how the federal government approaches and funds research into the health of women, who make up more than half of the U.S. population but remain understudied and underrepresented in health research. The White House Initiative on Women's Health Research will be led by first lady Jill Biden and the White House Gender Policy Council. Bertagnolli gave a broad answer in which she said far too little is known about women's health through all stages of life. Biden's memorandum directs members to report back within 45 days with “concrete recommendations" to improve the prevention, diagnosis and treatment of women's health issues. Mazure joined the first lady's office from the Yale School of Medicine, where she created its Women's Health Research Center.
Persons: , Biden, Jill Biden, Joe Biden, he's, , Maria Shriver, Joe, ” Jill Biden, Shriver, ” Shriver, ” Jennifer Klein, Monica Bertagnolli's, Bertagnolli, Carolyn Mazure, Mazure, Lauran Neergaard Organizations: WASHINGTON, Monday, Biden, White, Initiative, Women's Health, Gender, Democratic, Gender Policy, of Health, Human Services, Veterans Affairs , Defense, National Institutes of Health, Yale School of Medicine, Health Research Center, AP Locations: California, Delaware
Bloomberg | Bloomberg | Getty ImagesWhy Labor Department wants to raise protectionsIn 2020, about 5.7 million Americans rolled a total $618 billion into IRAs, according to most recent IRS data. IRAs held about $11.5 trillion in 2022, almost double the $6.6 trillion in 401(k) plans, according to the Investment Company Institute. Here's the problem, in the eyes of the Labor Department: 401(k) investors have certain protections that don't generally extend to IRA investments or the advice to move money to IRAs. "ERISA fiduciary duties are the highest fiduciary duties under U.S. law," said Josh Lichtenstein, partner at law firm Ropes & Gray. That advice typically generates compensation like a commission for the broker or agent, and the Labor Department is concerned those incentives may bias recommendations for certain investments that pay them more but aren't in an investor's best interests.
Persons: IRAs, Josh Lichtenstein, Pew, Julie A, Su, Tom Williams, David Levine Organizations: Bloomberg, Getty, Labor Department, Investment Company Institute, ICI, Gray, Investors, Pew, Trusts, Labor, Health, Education, Washington , D.C, CQ, Inc, The Labor Department, White House Council, Economic Advisers, Groom Law Locations: rollovers, IRAs, Washington ,
The Senate on Tuesday confirmed Dr. Monica M. Bertagnolli, a cancer surgeon who currently leads the National Cancer Institute, as the next director of the National Institutes of Health, overriding the objections of Senator Bernie Sanders of Vermont, the chairman of the Senate health committee. The vote was 62 to 36, with Mr. Sanders voting no. on a permanent basis, after Dr. Bernadine P. Healy, who served under President George H.W. She will take over an agency that has been the target of political attacks by Republicans, who have accused its scientists of intentionally downplaying the possibility that Covid-19 was the result of a laboratory leak. “I think no one wants to know what the true origin of the last Covid pandemic was more than the biomedical research community,” Dr. Bertagnolli told Senator Bill Cassidy of Louisiana, the top Republican on the health committee, during her confirmation hearing last month.
Persons: Monica M, Bernie Sanders of, Sanders, Bertagnolli, , Dr, Bernadine, Healy, George H.W, George H.W . Bush, , Bill Cassidy of Organizations: National Cancer Institute, National Institutes of Health, Republican Locations: Bernie Sanders of Vermont, George H.W ., Bill Cassidy of Louisiana
Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Biden administration is cracking down on so-called "junk fees" in retirement accounts. The "hidden costs" of financial conflicts in retirement plans amount to "junk fees," Lael Brainard, director of the White House National Economic Council, said during a press call Monday evening. watch now"It's time to get junk fees out of the retirement savings market," said Julie Su, acting secretary of the Labor Department, during the call. However, the Labor Department can regulate them if sold in a retirement account, according to a Biden administration official speaking on background. It's time to get junk fees out of the retirement savings market.
Persons: Julie A, Su, Tom Williams, Biden, There's, Lael Brainard, Julie Su, Sen, Bill Cassidy, Virginia Foxx, Anna Moneymaker, Obama Organizations: Labor, Health, Education, Washington , D.C, CQ, Inc, Getty, U.S . Department of Labor, Finance, Securities and Exchange Commission, Congressional Research Service, White, National Economic Council, Labor Department, Rep, Economic, SEC, Biden, Department of Labor Locations: Washington ,
Attendees purchase DNA kits at the 23andMe booth at the RootsTech annual genealogical event in Salt Lake City, Utah, U.S., February 28, 2019. REUTERS/George Frey/File Photo Acquire Licensing RightsWASHINGTON, Oct 20 (Reuters) - The top Republican on the U.S. Senate's health committee has called on the chief executive of 23andMe (ME.O) to provide the panel with details after data from the family genetics website was advertised for sale on the dark web. Senator Bill Cassidy, the ranking member on the Senate Health, Education, Labor, and Pensions Committee, expressed concerns in a letter to CEO Anne Wojcicki, and asked for more information. A hacker advertised 23andMe data earlier this month, but 23andMe said in a statement that the company itself had not been breached. Reporting by Susan HeaveyOur Standards: The Thomson Reuters Trust Principles.
Persons: George Frey, Bill Cassidy, Anne Wojcicki, 23andMe, Susan Heavey Organizations: REUTERS, Rights, Republican, 23andMe, Senate Health, Education, Labor, Pensions, Thomson Locations: Salt Lake City , Utah, U.S
Schultz had met with a group of employees from Starbucks locations in Long Beach, California, to discuss concerns about working conditions. Lawyers for Starbucks Workers United, which is organizing the company's workers and filed a complaint on behalf of Hall, did not immediately respond to a request for comment. Starbucks and Schultz have faced allegations of widespread illegal union-busting from workers, labor groups and Democratic lawmakers. Hall then asked Schultz about allegations of illegal labor practices in complaints pending at the NLRB, according to the filings. SenatorsStarbucks must disclose spending on response to union campaign, judge rulesReporting by Daniel WiessnerOur Standards: The Thomson Reuters Trust Principles.
Persons: Howard Schultz, Julia Nikhinson, barista, Brian Gee, Schultz, Hall, ” Gee, Gee, Jonathan Levine, Littler Mendelson, Gabe Frumkin, Barnard Iglitzin, Lindsay Parker Read, rehire, Daniel Wiessner Organizations: Starbucks, Health, Education, Labor, Capitol, REUTERS, Former Starbucks Corp, National Labor Relations, Madison Hall, Starbucks Workers, Workers, Democratic, NLRB, U.S . Department of Labor, Starbucks Corp, National Labor Relations Board, U.S, Senators Starbucks, Thomson Locations: Washington ., California, Los Angeles, Long Beach , California, U.S, Long Beach
New York CNN —Starbucks violated federal labor law when it increased wages and offered new perks and benefits only to non-union employees, a National Labor Relations Board judge found Thursday. The decision is the latest in a series of NLRB rulings finding that Starbucks has violated labor law in its efforts to stop unions from forming in its coffee shops. Last year, Starbucks announced that it would raise wages for non-union employees, and offer them other new benefits. Starbucks should also post a notice in its cafes telling workers that the NLRB found Starbucks had violated federal labor law, and detailing employee rights, she said. Thursday’s decision was “a massive victory for Starbucks workers,” Starbucks Workers United, which has been leading the union charge, said in a statement to CNN.
Persons: , , Mara, Louise Anzalone, Lindsay DeDario, Howard Schultz, Anzalone, Justin Sullivan, Rachel Wall, Bernie Sanders, Schultz, ” Howard Schultz, Anna Moneymaker Organizations: New, New York CNN, National Labor Relations, Starbucks, Reuters, ” Workers, NLRB, CNN, Health, Education, Labor, Getty, Starbucks Workers Locations: New York, Buffalo , New York, , San Francisco , California, Dirksen, Washington , DC
Former Starbucks CEO Howard Schultz testifies before the Senate Health, Education, Labor, and Pensions Committee in the Dirksen Senate Office Building on Capitol Hill on March 29, 2023 in Washington, DC. Former Starbucks CEO Howard Schultz is stepping down from the coffee chain's board, the company said Wednesday. Schultz previously stepped down from Starbucks' board in June 2018 to prepare for a potential presidential run, before deciding against a bid. Zhang also previously held roles at News Corp China, CNBC China, Bain and General Electric. She is the third woman on Starbucks' nine-person board, which includes chair Mellody Hobson and Land O'Lakes CEO Beth Ford.
Persons: Howard Schultz, Schultz, Laxman Narasimhan, Kevin Johnson, Wei Zhang, Zhang, Alibaba, Bain, Ralph Lauren's, Mellody Hobson, Beth Ford Organizations: Starbucks, Health, Education, Labor, Washington , DC, CNBC, Alibaba Pictures, News Corp China, General, Land Locations: Dirksen, Washington ,, China, U.S, CNBC China
NEW YORK (AP) — Longtime Starbucks leader Howard Schultz is stepping down from the company's board of directors, the coffee chain announced. Schultz is credited for transforming the Seattle-based business into the coffee giant it's known as today. His departure from the board is “part of a planned transition,” the company said Wednesday. In recent months, Starbucks and Schultz also came under fire over allegations that the company violated labor laws amid workers' unionization efforts. The National Labor Relations Board previously charged Starbucks with hundreds of labor law violations, including firing labor organizers and illegally closing unionized stores.
Persons: , Howard Schultz, Schultz, Laxman Narasimhan, Wei Zhang, Sen, Bernie Sanders Organizations: , Starbucks, Alibaba Group, Vermont Independent, Health, Education, Labor, Pensions, National Labor Relations Board Locations: Seattle, China, American, Vermont
REUTERS/Tom Brenner/Pool/File Photo Acquire Licensing RightsAug 30 (Reuters) - The U.S. Department of Health and Human Services (HHS) has recommended easing restrictions on marijuana, a department spokesperson said on Wednesday, following a review request from the Biden Administration last year. Nearly 40 U.S. states have legalized marijuana use in some form, but it remains completely illegal in some states and at the federal level. The scheduling recommendation for marijuana was provided to the Drug Enforcement Agency (DEA) on Tuesday as part of President Biden's directive to HHS, the spokesperson said. "As part of this process, HHS conducted a scientific and medical evaluation for consideration by DEA. DEA will now initiate its review," a DEA spokesperson said.
Persons: Rachel Levine, Tom Brenner, Biden, Biden's, Karine Jean, Pierre said, Cannabis, George Archos, Sourasis Bose, Mrinalika Roy, Shilpi Majumdar, Shounak Dasgupta, Shailesh Organizations: Department of Health, Human Services, Health, Education, Labor, Capitol, REUTERS, U.S . Department of Health, Drug Enforcement Agency, HHS, DEA, Marijuana, Department of Justice, House Press, Tilray Brands, Cronos, Verano Holdings, Thomson Locations: Washington , U.S, U.S, United States, Canada, North America, Bengaluru
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