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WWE and its parent company, TKO, have said that they take Grant's allegations "very seriously." Staying in touchMcMahon has also talked to Trump, according to two of the people close to the wrestling impresario. The two billionaires have been in touch regularly, according to a person close to McMahon, although it isn't clear what they've discussed. Another person close to McMahon said that the two men don't discuss their legal problems and that Trump doesn't provide legal advice. Publicly, Johnson has thanked TKO and WWE executives regarding his addition to the TKO board earlier this year.

Persons: Vince McMahon, Donald Trump, Mark, McMahon, Janel Grant, he's, hasn't, Mark Shapiro, doesn't, McMahon hasn't, Paul, Levesque, Stephanie McMahon, wasn't, Jessica Rosenberg, Grant's, Jan, John Laurinaitis, Janel, couldn't, Ann Callis, Grant, Nicholas Biase, Linda McMahon, McMahon's, Bill Pugliano, Donald J, Trump, Dwayne, Johnson, John Cena, Cena, Howard Stern, I'm, William Morris, Cena didn't, Endeavor Group's, Ari Emanuel, Brendan Mcdermid Organizations: WWE, Austin Straubel, Getty, World Wrestling, NBC News, CNBC, Triple, Federal, U.S, Attorney's, Southern, of, Trump, WWE Hall of Fame, PAC, Trump Media, Technology Group, Street Journal, Trump Foundation, Hollywood, William, William Morris Endeavor, Endeavor Group, Endeavor, Endeavor Group's UFC, Longtime Hollywood, New York Stock Exchange Locations: Green Bay , Wisconsin, United States, Caicos, Italy, of New York, Connecticut, Manhattan, Atlantic City, Trump's, York, New York City, U.S

☆ So, can we stop calling pro wrestling 'sports entertainment' now?
▼ + stars: | 2024-04-10 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

For years, the WWE has called itself "sports entertainment" instead of pro wrestling. Since the early 2000s, back even when World Wrestling Entertainment was still called WWF, the company has carefully referred to its scripted grappling as "sports entertainment" rather than "professional wrestling." Now, it seems that the verboten phrase — "pro wrestling" — is back as part of a series of changes made after McMahon left the company. A source familiar with internal policies at WWE told Business Insider that use of the term "pro wrestling" has been relaxed in the past year. For the moment, pro wrestling did indeed win out over sports entertainment.

Persons: John Cena, —, Michael Cole, Vince McMahon, McMahon, — Ibou, Cena Organizations: WWE, Service, Undertaker, Wrestling Entertainment, XFL, Netflix, Wrestling, Sports Entertainment, Rock

☆ Trump’s campaign said it raised $50.5 million at a high-dollar Florida fundraiser
▼ + stars: | 2024-04-07 | by ( ) www.cnbc.com time to read: +6 min

Donald Trump's campaign said it raised $50.5 million on Saturday, a staggering reported haul as his campaign works to catch up to the fundraising juggernaut of President Joe Biden and the Democratic Party. Trump and the GOP announced earlier in the week that they raised more than $65.6 million in March and closed out the month with $93.1 million. Biden and the Democrats announced Saturday that they took in more than $90 million last month and had $192 million-plus on hand. Campaign fundraising reports filed with the Federal Election Commission detailing donations from Saturday's event are not expected until a mid-July filing date. But when checks of any amount are written to the combined campaign, the campaign and Save America get paid first by default.

Persons: Donald Trump, John Paulson, Melania Trump, —, that's what's, Trump, Biden, Chris LaCivita, Susie Wiles, Bill Clinton, Barack Obama, Donald Trump's, Joe Biden, Jaime Harrison, Lara Trump, Robert Bigelow, Ron DeSantis, John Catsimatidis, Linda McMahon, Steve Wynn, Georgia Sen, Kelly Loeffler, South Carolina Sen, Tim Scott, Doug Burgum, Vivek Ramaswamy —, Nelson Mandela, South Africa's, Jasmine Harris, Jesus Christ, that's Donald Trump Organizations: America, Trump, Republican, Radio City Music Hall, Democratic Party, GOP, Mar, Democratic, Federal, Commission, Republican National Committee, Save, RNC, Save America, Florida Gov, World Wrestling Entertainment, Small Business Administration, South, Tim Scott , North Dakota Gov Locations: Palm Beach , Florida, Beach , Florida, New York, Florida, Las Vegas, Georgia, South Carolina, Tim Scott , North, York

☆ I'm an 83-year-old doctor who still works 50-hour weeks. I never give any thought to retirement — I still have things to contribute.
▼ + stars: | 2024-03-04 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +6 min

I'm working just as much now as I was when I was doing surgery. I still feel I could operate, but think patients might question it at my age. The work I'm doing now can potentially touch thousands of patients. The work that I'm doing, as well as exercising, is allowing me to use my brain, which develops neuroplasticity. I feel very fulfilled with what I'm doing now.

Persons: —, Dr, Joseph Maroon, I'd, I've, I'm, Chuck Noll, Maroon, Joseph Maroon I've, they're, There's, you've, there's, Joe Biden, Trump's, Joe, . Maroon Organizations: Service, University of Pittsburgh, Business, Pittsburgh Steelers, World Wrestling Entertainment, National Science Advisory, Chuck Noll Foundation, WWE, Air Locations: Pittsburgh

☆ Kansas City shooting: At least half of the victims of Kansas City mass shooting were children
▼ + stars: | 2024-02-16 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +8 min

Killed in the Kansas City shooting was radio DJ Lisa Lopez-Galvan, her employer KKFI 90.1 FM said. “You know it happens, but you never expect it to happen to you.”Where the investigation standsCleanup underway at Union Station in Kansas City, Missouri, on Thursday. The boy, who suffered a bullet graze to the leg, tracked down a Kansas City police officer. People hold candles during a vigil in Kansas City on Thursday. Kansas City Chiefs offensive lineman Trey Smith said he took cover in a closet with others at the event when he heard the gunfire, pulling a child to safety with him.

Persons: –, Stacey Graves, ” Graves, Mercy Children’s, Lisa Lopez, Galvan, Lopez, Beto Lopez, CNN’s Anderson Cooper, Graves, Jacob Gooch, CNN’s Erin Burnett, Gooch, he’d, ”, “, ” Gooch, Emmalee Reed, Alayna Gonzalez, ” Gonzalez, it’s, Cash Adams, Chris Jones, I’d, ” Cash, Cash, Samuel Arellano, KSHB, ” Samuel, Trey Smith, —, ’ ” Smith, Smith, ’, L’Jarius Sneed, ESPN’s Hannah Storm, Everything’s Organizations: CNN —, Kansas City Chiefs, Chiefs, CNN, Denver, NBA’s Nuggets, Kansas City, CNN Police, Alcohol, Tobacco, Firearms, Explosives, KMBC, CNN NFL, NFL, ABC, Wrestling Entertainment, ’ ” Kansas City Chiefs, ESPN Locations: Kansas City , Missouri, Mercy, Kansas City, United States, Kansas, “, ’ ”

☆ How Vince McMahon built an empire on fakery and taught Donald Trump to control a crowd
▼ + stars: | 2024-02-13 | by ( Allison Morrow | ) edition.cnn.com time to read: +9 min

New York CNN —Netflix recently bet $5 billion on the idea that pro wrestling is due for a renaissance. The potential liability for Netflix, though, lies with World Wrestling Entertainment’s longtime puppet master and promoter, Vince McMahon. CNN: Vince McMahon has been a powerful force in American culture over the last 40 years, but I think that’s hard to convey to non-wrestling fans. Riesman: For about 40 years, Vince McMahon was the central actor and gravitational point for the American and Canadian professional wrestling industry. There’s kayfabe, and then there’s what Vince really pioneered, which is neokayfabe, a term I made up.

Persons: CNN Business ’, ”, Hulk Hogan, That’s, Wrestling Entertainment’s, Vince McMahon, McMahon, didn’t, Abraham Josephine Riesman, “, ” Riesman, Dwayne “, ” Johnson, Steve Austin, Donald Trump, Riesman, Vince, Donald Trump’s, Vince’s, Donny Trump, Trump, Linda, I’m, It’s, There’s, You’re, you’re, Vince McMahon’s, Mr, McMahon ”, Sammy Stein — Organizations: CNN Business, New York CNN, Netflix, Wrestling, WWE, Wall Street, CNN, American, Trump, Trump . CNN, Endeavor Locations: New York, America, Canadian, Queens, United States

☆ Shares of UFC and WWE parent company are primed to rally 40%, Jefferies says
▼ + stars: | 2024-02-12 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Jefferies thinks investors should buy up TKO Group , calling the company a "knockout combo" of two major entertainment giants. That price target suggests shares could jump more than 39 % from Friday's close. The company is 51% owned by Endeavor Group Holdings, which owns UFC and Hollywood talent agency WME, and 49% owned by WWE shareholders. That price target suggests shares could jump more than 39% from Friday's close. Kronos Worldwide Inc KRO ANALYST CONSENSUS 3 Ratings Hold 0 Strong Buy 0 Strong Buy 1 Buy 1 Buy 0 Hold 0 Hold 2 Underperform 2 Underperform 0 Sell 0 Sell Current Price ( ) 11.00 Highest Price Target Upside (-4.3%) 8.67 Average Price Target 7.00 Lowest Price Target

Persons: Jefferies, Randal Konik, WME, Ari Emanuel, Konik, Dana White, Vince McMahon, Ariel Emanuel, Mark Shapiro, Michelle Farsi, Kronos Organizations: World Wrestling Entertainment, Endeavor Group Holdings, UFC, Hollywood, WWE, Endeavor, New York Stock Exchange, Getty, Inc Locations: Friday's, New York City

☆ Former W.W.F. Wrestler Arrested in Wife’s Murder
▼ + stars: | 2024-02-11 | by ( Orlando Mayorquin | More About Orlando Mayorquin | ) www.nytimes.com time to read: 1 min

William Albert “Billy Jack” Haynes Jr., who in the 1980s competed in the World Wrestling Federation, was arrested in the killing of his wife at a home in Portland, Ore., on Thursday after a standoff with police. The authorities publicly identified Mr. Haynes, 70, on Saturday, days after the police said he shot and killed his wife, Janette Becraft, 85, in the Lents neighborhood of southeast Portland. At the peak of his career, wrestling as Billy Jack Haynes, he faced Randy “Macho Man” Savage and in 1987 went against Hercules Hernandez in WrestleMania III. After his arrest, the Portland Police Bureau said Mr. Haynes was taken to a hospital to get treatment for a medical condition that was “unrelated to the homicide or his contact with law enforcement,” adding that his stay could last “days.”

Persons: William Albert “ Billy Jack ” Haynes Jr, Haynes, Janette Becraft, Billy Jack Haynes, Randy “, ” Savage, Hercules Hernandez, ” Organizations: World Wrestling Federation, WrestleMania III, Portland Police Locations: Portland ,, Lents, Portland

☆ Dementia and sport: These rugby players represented their country in their 20s, by their 40s, they had early onset dementia
▼ + stars: | 2024-02-05 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +17 min

Popham’s wife, Mel, would have a conversation with her husband and an hour later he would have “no recollection,” he tells CNN Sport. Richard Boardman, the lawyer representing the claimants, told CNN Sport that this is causing an “existential threat” to the game. “As far as the brain is concerned, it doesn’t matter what sport is played,” Michael Grey, a neuroscientist at the University of East Anglia, told CNN Sport. Nowinski, a WWE wrestler turned neuroscientist, told CNN Sport that head injury protocols need to go beyond treating concussion. The paper, which looked at 412 Scottish former international male rugby players aged 30 and above and 1,236 members of the public who had been matched for age, sex and socioeconomic status, found that the rugby players’ risk of a dementia diagnosis over time was just over twice as high.

Persons: Alix Popham, Mel, ”, Popham, ” Popham, I’ve, Alix Popham of Wales, Pat Riordan of, Stu Forster, Lenny Woodard, Woodard, “, “ I’d, I’d, ” Woodard, Brook Joyner, Richard Boardman, ” Michael Grey, Chris Nowinski, Scott McIntyre, Nowinski, ” Ann McKee, ” Boardman, Roger Goodell, University of East Anglia Boardman, Grey, –, ” Steve Borthwick of, Alun Wyn Jones, Paul Harding, ” Grey, McKee, it’s, aren’t, we’re, shouldn’t, weren’t, ” Alix Popham Organizations: CNN, CNN Sport, rugby, Rugby, Alix Popham of Wales offloads, Pat Riordan of Canada, Wales, Getty, World Rugby, Rugby Football Union, RFU, Welsh Rugby Union, WRU, Springer, University of East, National Football League Players, Wrestling Entertainment, WWE, Washington Post, Boston University CTE Center, British Medical, Exercise, NFL, NFL.com, University of East Anglia, RBS, Nations, University of Glasgow, Boston University, University of Sydney, Scottish, ’, “ Rugby, England Rugby, Boston University’s CTE, CTE Locations: France, Wales, England, Canada, Nantes, Europe, University of East Anglia, American, Woodward, Boston

Last week, the company, McMahon and a former WWE executive were sued by a former employee alleging those crimes. McMahon has also discussed being under federal investigation and having a phone seized by federal officials, a senior-level WWE executive and another personal friend told NBC News. Representatives for McMahon, TKO Group and WWE did not immediately respond Friday to requests for comment on the federal investigation. McMahon is no stranger to allegations of sexual assault — and has survived several during his reign at the company. McMahon also faced federal conspiracy charges alleging orchestrated steroid use among WWE wrestlers, and he was found not guilty by a jury in 1994.

Persons: Vince McMahon, McMahon, Nicholas Biase, Janel Grant, John Laurinaitis, Laurinaitis, Rita Chatterton Organizations: MetLife, Former, Wrestling Entertainment, NBC News, WWE, U.S, Attorney's Locations: East Rutherford , New Jersey

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

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

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

☆ Paul ‘Triple H’ Levesque makes public comments after WWE employee’s sex trafficking accusations against Vince McMahon
▼ + stars: | 2024-01-28 | by ( Elisabeth Buchwald | Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —Paul “Triple H” Levesque, the chief content officer at World Wrestling Entertainment, made his first public comments after Vince McMahon resigned Friday from the board of WWE’s parent company, TKO Group Holdings, in the wake of a former employee’s lawsuit accusing McMahon of sex trafficking, sexual assault and physical abuse. The horrifying allegations against McMahon were brought forward by Janel Grant, who worked at WWE’s headquarters. Grant alleged McMahon promised a job — and later promotions — at WWE in exchange for sex. Grant’s lawsuit also includes allegations McMahon trafficked her to other men inside and outside the company, including John Laurinaitis, a former wrestler who worked in the company’s talent relations department. The deal valued the newly combined company at over $21 billion, with WWE shareholders owning 49% of the combined company.

Persons: New York CNN — Paul “, New York CNN — Paul “ Triple H ” Levesque, Vince McMahon, McMahon, WWE’s, Levesque, McMahon’s, ” Levesque, he’s, Janel Grant, Grant, —, John Laurinaitis, Laurinaitis, Ari, Cody Rhodes, Dwayne “, ” Johnson, Samantha Delouya, Elizabeth Wagmeister, Jordan Valinsky Organizations: New, New York CNN, New York CNN — Paul “ Triple, World Wrestling Entertainment, Holdings, WWE, Endeavor, UFC, Netflix Locations: New York, St . Petersburg , Florida, WWE’s, Laurinaitis, Hollywood

☆ Sex Assault Claims Against McMahon Shadow a W.W.E. Trying to Move Forward
▼ + stars: | 2024-01-28 | by ( Kevin Draper | ) www.nytimes.com time to read: +1 min

It was a bombastic end to one of the most consequential, and tumultuous, weeks in W.W.E.’s history. In the days between the Netflix deal and “Royal Rumble,” however, came a stark reminder of how sordid legal entanglements from the company’s recent past could reverberate in the present. employee, Janel Grant, sued Vince McMahon — the co-founder of what would become W.W.E. and the executive chairman of the board of TKO Group — and accused him of sexual assault and sex trafficking. Mr. McMahon called the lawsuit, which was filed in U.S. District Court in Connecticut, a “vindictive distortion of the truth,” but on Friday he resigned from the TKO board.

Persons: Cody Rhodes, ”, Dwayne Johnson, —, Janel Grant, Vince McMahon, McMahon, Mr Organizations: Netflix Locations: W.W.E, U.S, Connecticut

☆ Vince McMahon resigns from WWE parent company board following sex abuse lawsuit
▼ + stars: | 2024-01-27 | by ( Hannah Getahun | Associated Press | ) www.businessinsider.com time to read: +3 min

According to a statement released late Friday, McMahon stepped down from the board of directors at WWE's parent company, TKO Group Holdings. The WWE board began investigating allegations that McMahon paid off accusers for their silence following his resignation as CEO. TKO Group Holdings referred Business Insider to McMahon's statement. Advertisement"Mr. McMahon does not control TKO nor does he oversee the day-to-day operations of WWE," TKO Group said earlier this week. Representatives for Grant did not immediately respond to a request for comment from Business Insider.

Persons: —, Vince McMahon, McMahon, Janel Grant, Grant, Nick Khan Organizations: Service, Business, Holdings, WWE, World Wrestling Federation Locations: Connecticut

McMahon stepped down from the his position as executive chairman of the board of directors at WWE’s parent company, TKO Group Holdings, according to a statement released late Friday. McMahon's statement said that he was leaving the board “out of respect” for WWE and TKO Group. McMahon does not control TKO nor does he oversee the day-to-day operations of WWE,” TKO Group said earlier this week. According to the lawsuit, McMahon lived in the same building as Grant and in 2019 offered to get her a job at WWE after her parents died. “WWE benefited financially from the commercial sex act venture orchestrated by McMahon, including by having wrestling talent, such as WWE Superstar, sign new contracts with WWE after McMahon presented Plaintiff as a sexual commodity for their use,” the lawsuit states.

Persons: Vince McMahon, McMahon, Janel Grant, Grant, ”, “, ” McMahon, “ Mr, ” Grant, John Laurinaitis, Laurinaitis, McMahon lavished, —, Ms, Ann Callis Organizations: WWE, AP, World Wrestling Federation, Holdings, “ WWE Locations: STAMFORD, Conn, Connecticut

☆ Vince McMahon Cuts W.W.E. Ties After Sex Trafficking Accusation
▼ + stars: | 2024-01-26 | by ( Kevin Draper | ) www.nytimes.com time to read: +1 min

Vince McMahon, the longtime chairman and former chief executive of World Wrestling Entertainment, resigned from the board of W.W.E.’s parent company on Friday, one day after a former employee accused him of sexual assault and sex trafficking in a lawsuit. Mr. McMahon, 78, was the executive chairman of TKO Group, the parent company of W.W.E., where he no longer held a formal position. “He will no longer have a role with TKO Group Holdings or W.W.E.,” Mr. Khan wrote in the email, a copy of which was obtained by The New York Times. The lawsuit, filed on Thursday in U.S. District Court in Connecticut, accuses Mr. McMahon of trafficking the employee, Janel Grant, as well as physically and emotionally abusing her. executive, and the company itself as defendants, says that Mr. McMahon and Mr. Laurinaitis had once taken turns raping Ms. Grant, among numerous other allegations.

Persons: Vince McMahon, McMahon, Nick Khan, “, ” Mr, Khan, Mr, Janel Grant, John Laurinaitis, Laurinaitis, Grant Organizations: World Wrestling Entertainment, The New York Times Locations: Connecticut

A former WWE employee filed a federal lawsuit Thursday accusing executive Vince McMahon and another former executive of serious sexual misconduct, including offering her to a star wrestler for sex. Grant also names as defendants in the lawsuit the WWE and John Laurinaitis, the company's former head of talent relations and general manager. McMahon does not control TKO nor does he oversee the day-to-day operations of WWE," TKO Group said in a statement. According to the lawsuit, McMahon lived in the same building as Grant and in 2019 offered to get her a job at WWE after her parents died. “WWE benefited financially from the commercial sex act venture orchestrated by McMahon, including by having wrestling talent, such as WWE Superstar, sign new contracts with WWE after McMahon presented Plaintiff as a sexual commodity for their use,” the lawsuit states.

Persons: Vince McMahon, Janel Grant, McMahon, Grant, John Laurinaitis, Ann Callis, ”, “ Mr, Laurinaitis, McMahon lavished, — Organizations: WWE, AP, “ WWE, World Wrestling Federation, Holdings Locations: U.S, Connecticut

“The Rock” is a name is derived from Johnson's father, WWE Hall of Famer Rocky Johnson, who was the first Black champion in WWE history (alongside partner Tony Atlas), according the WWE. “I am thrilled to partner with Dwayne and welcome his immense talent to TKO’s Board," TKO CEO Ariel Emanuel said in a prepared statement. He has recently appeared on World Wrestling Entertainment Inc.'s “Smackdown” and “Raw” television programs, with rumors swirling that he may compete at this year's WrestleMania. "I’ve been there, I’m still there and this is for them.”TKO also announced Tuesday that Brad Keywell will become a board member. The additions of Johnson and Keywell will increase TKO's board from 11 to 13 members.

Persons: Dwayne Johnson, Johnson, WWE Hall of Famer Rocky Johnson, Tony Atlas, “, Dwayne, Ariel Emanuel, ” Johnson, I’ve, I’m, ” TKO, Brad Keywell, Keywell Organizations: WWE, UFC, WWE Hall of Famer, Seven Bucks, Energy, United Football League, TKO’s Board, Holdings Inc, Wrestling Entertainment Inc, Echo Global Logistics

WWE's weekly television show “Raw” will move to Netflix next year as part of a major streaming deal. “Raw,” which debuted in 1993, has produced 1,600 episodes to date and features wrestlers such as Cody Rhodes, Becky Lynch, Seth Rollins and Rhea Ripley. “We are excited to have WWE Raw, with its huge and passionate multigenerational fan base, on Netflix,” Chief Content Officer Bela Bajaria said in a prepared statement. WWE, which is part of TKO Group Holdings Inc., said Tuesday that “Raw” will air on Netflix starting in January 2025. This will be the first time that WWE will air on the network in prime time.

Persons: “, Cody Rhodes, Becky Lynch, Seth Rollins, Rhea Ripley, Bela Bajaria, Mark Shapiro, ”, Dwayne “, ” Johnson, Johnson Organizations: Netflix, USA Network, WWE, Punk, Holdings Inc, World Wrestling Entertainment Inc, NBCUniversal, NBC Locations: U.S, Canada, America, Fox

☆ Jim Cramer says a Chinese market rescue package probably won’t help our China-tied stocks
▼ + stars: | 2024-01-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Procter bucking the trend: However, inflation at Club holding Procter & Gamble has gone down with input costs coming in lower. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, It's, Johnson, DR Horton, Jim, hasn't, Procter, Gamble, Ford, Morgan Stanley, Estee Lauder, Stanley Black, Decker, Salesforce, Baird, it's, Jim Cramer's Organizations: CNBC, Procter, Gamble, Verizon, GE Healthcare, 3M, DR, Club, Meta, Citi, DR Horton, Disney, Netflix, World Wrestling Entertainment, Costco, Jim Cramer's Charitable Locations: Wells, China

☆ Dwayne ‘The Rock’ Johnson scores mega payday to join the WWE’s board
▼ + stars: | 2024-01-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

He also secures full ownership of his stage name, “The Rock,” as part of the deal. I’ve been there, I’m still there and this is for them.”The TKO board now has 13 members, following Tuesday’s appointment of Groupon co-founder Brad Keywell as well. “Very few people on the planet understand the convergence of sports, entertainment, media, and business like Rock,” Vince McMahon, executive chairman of TKO’s board said. The show will begin streaming live January 2025. WWE had an early foray into the streaming business but largely failed to win enough subscribers to support itself.

Persons: New York CNN — Dwayne “, ” Johnson, , Johnson, Johnson’s, I’ve, I’m, Groupon, Brad Keywell, ” Vince McMahon, ”, Mark Shapiro Organizations: New, New York CNN, Holdings, WWE, UFC, Netflix, ZOA Energy, Seven Bucks, United Football League, World Wrestling Entertainment, Endeavor Group, Endeavor, Comcast’s USA, NBC Locations: New York

☆ ‘Subway Mania’ Brings the Cartoonish World of Pro Wrestling to Commuters
▼ + stars: | 2023-11-18 | by ( Joshua Needelman | ) www.nytimes.com time to read: +1 min

For many New Yorkers, the city’s subways are the performance spaces they encounter most often. Everyday, dancers and musicians put on a subterranean revue that uses mass transit as a stage. In recent years, this moving festival has included “Subway Mania,” an homage to one of professional wrestling’s most popular period: the late 1990s to early 2000. The scene caught the attention of Shyama Venkateswar, 57, who was on her way home to Forest Hills, Queens. Her sons, now young adults, had watched World Wrestling Entertainment shows growing up, she said, so she followed the wrestlers aboard the train and abandoned her trip home.

Persons: ”, Kane, Stone, Steve Austin, Shyama Venkateswar Organizations: Lexington, Wrestling Entertainment Locations: Manhattan, Forest Hills, Queens

☆ Vince McMahon plans to sell a big chunk of his shares in WWE parent TKO
▼ + stars: | 2023-11-09 | by ( Mike Calia | ) www.cnbc.com time to read: +2 min

World Wrestling Entertainment Inc. Chairman Vince McMahon appears in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada. Vince McMahon plans to sell a substantial chunk of his stake in TKO , the parent company of WWE, the wrestling empire founded by his father, TKO said in a release ThursdayTKO's stock fell 5% after the closing bell Thursday. McMahon intends to sell 8.4 million of his shares, worth about $700 million. He owned more than 28 million shares as of August, according to a regulatory filing. The company said it and several executives are looking to buy shares from McMahon.

Persons: Vince McMahon, TKO, McMahon, honcho, Dwayne, Johnson, John Cena, Ari Emanuel, hasn't Organizations: Entertainment Inc, WWE, Thomas &, Forbes, UFC, Endeavor Group, Endeavor, Endeavor's Locations: Las Vegas , Nevada, McMahon, Silver

☆ Ari Emanuel’s Endeavor is considering the sale of some of its assets
▼ + stars: | 2023-10-25 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

New York CNN —Endeavor Group Holdings, led by the high-power agent to the stars, Ari Emanuel, said that it is considering a sale of some of its assets. Earlier this year, Endeavor, which owns mixed martial arts company UFC, merged with World Wrestling Entertainment to create TKO Holdings. Shares of TKO Holdings, which is a separate publicly traded company apart from Endeavor, climbed nearly 2% in after-hours trading Wednesday. Correction: A previous version of this story incorrectly identified the assets Endeavor is considering selling as well as IMG's function. Endeavor is considering strategic options for its companies but did not identify any particular asset for sale.

Persons: Ari Emanuel, ” “, ”, Ariel Emanuel, Endeavor’s, Dwayne “, ” Johnson, Matt Damon, Emanuel, Francois, Henri Pinault Organizations: New, New York CNN — Endeavor Group Holdings, Wednesday, Endeavor, Company, IMG, Holdings, UFC, World Wrestling Entertainment, CAA Locations: New York

☆ Bud Light becomes UFC official beer in Anheuser-Busch mega deal
▼ + stars: | 2023-10-25 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Bud Light might be experiencing a knockout of its own, but this time it’s on purpose. The multiyear sponsorship, which begins on January 1, 2024, makes Bud Light the “official beer partner” of the UFC, with the beer branding having a “highly visible presence” during fights and weigh-ins. The new agreement is a reunion for Bud Light and the UFC, after a previous sponsorship ended in 2017. Bud Light replaces Modelo as UFC’s beer sponsor, the Mexican lager that has dethroned Bud Light from its title of America’s top-selling beer. Sales of Bud Light are still sinking, with volumes down 30% year-over-year for the four weeks ending on October 7, according to NIQ data given to Beer Business Daily newsletter.

Persons: Bud, ”, Bud Light’s, weren’t, Crypto.com, Bud Light, “, Dana White, Travis Kelce Organizations: New, New York CNN, Anheuser, Busch, UFC, Bloomberg, CNN, ” UFC, Coors, Bud Light, NFL, Beer Business, Endeavor, World Wrestling Entertainment Locations: New York

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