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☆ UChicago Says Free Speech Is Sacred. Some Students Sees Hypocrisy.
▼ + stars: | 2024-05-06 | by ( Jeremy W. Peters | Jamie Kelter Davis | ) www.nytimes.com time to read: +1 min

The University of Chicago has built a brand around the idea that its students should be unafraid to encounter ideas or opinions they disagree with. To drum that in, the school provides incoming students with copies of its 2014 free-speech declaration, known as the Chicago statement, which states that freedom of expression is an “essential element” of its culture. That neutrality, the university argues, allows for a robust, unencumbered exchange of ideas. Many professors swell with pride talking about how the school’s commitment to these principles has endured through two world wars, Vietnam and, more recently, the tumult of the Trump administration. And more than 100 institutions have adopted or endorsed similar principles.

Persons: Trump Organizations: University of Chicago Locations: Chicago, Vietnam

☆ Morgan Stanley's new wealth boss Jed Finn shares his playbook from playing matchmaker with E-Trade clients to getting advisors to teach each other how to use AI
▼ + stars: | 2024-05-01 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +9 min

AdvertisementThe units are combining their outsourced investment services for ultra-high-net-worth wealth clients and institutional customers. The wealth management arm is there to help them pay less taxes on their windfall and manage their fortune. That said, Morgan Stanley has drawn the line in the past at some offerings like health savings accounts. AdvertisementFor Finn, those offerings are a means to an end: converting as many of these clients as possible to become fee-paying wealth management clients. The revenue and margins of the workplace channel and E-Trade, which Morgan Stanley acquired for $13 billion in 2020, are "irrelevant," he said.

Persons: —, Morgan, Jed Finn doesn't, Finn, Andy Saperstein, James Gorman's, Saperstein, Jacques Chappuis, Ben Huneke, Andy Saperstein's, Larry Lettera, Wagner, multibillion, Morgan Stanley, Finn isn't, We're, Jeff McMillan Organizations: Service, McKinsey, bank's, Business, Wall Street, Solium, OpenAI, AIMS

☆ Brexit border checks: Britain braces for less choice and higher prices on food imports
▼ + stars: | 2024-04-30 | by ( Hanna Ziady | Anna Cooban | ) edition.cnn.com time to read: +10 min

The new regime for food imports is perhaps the starkest example of the painful border bureaucracy that UK and EU businesses must contend with in the wake of Brexit. An additional cost of that scale will “significantly increase food prices and reduce choice,” the federation’s CEO Phil Pluck wrote in a letter to environment and food minister Steve Barclay earlier this month. But here too Brexit hasn’t helped, ending as it did the free movement of EU workers on whom British farmers had relied for decades. In addition to Brexit-related challenges, UK farmers have been squeezed by soaring input costs, including those of fertilizer, energy and labor. “I’m not hugely in favor of subsidies, I’m in favor of fair food prices,” Maddocks said.

Persons: Eddie Price, ”, Phil, Steve Barclay, Andrew Aitchison, Andrew Opie, “, Jack Bobo, “ It’s, Price, hasn’t, ” Tom Bradshaw, “ You’re, Chris Ratcliffe, Brexit, ” Philip Maddocks, I’m, ” Maddocks Organizations: London CNN, European Union, EU, Britain, Birmingham Wholesale, CNN, Chain Federation, British Retail Consortium, University of York, Food Systems, University of Nottingham, Birmingham Wholesale Market, Bank, National Farmers ’ Union, Bloomberg, Getty, PDM Locations: United Kingdom, Britain, France, Spain, artichokes, Italy, Birmingham, Dover, Port, Netherlands, Ireland, Germany, North Africa, England, Sandwich, Australia, New Zealand, English, Shropshire

☆ Opinion | New York Is Turning 400. We Should Celebrate. But How?
▼ + stars: | 2024-04-23 | by ( Russell Shorto | ) www.nytimes.com time to read: +1 min

This spring is the 400th anniversary of the founding of New York — or, to be precise, of the Dutch colony that became New York once the English took it over. That settlement gave rise to a city unencumbered by old ways and powered by pluralism and capitalism: the first modern city, you might say. Yes, New Netherland, the Dutch colony, and New Amsterdam, the city that became New York, created the conditions for New York’s ascent, and helped shape America as a place of tolerance, multiethnicity and free trade. But the Dutch also established slavery in the region and contributed to the removal of Native peoples from their lands. Efforts to commemorate the occasion have been slowed, in part, by controversy and confusion because we can’t agree on what our past means.

Organizations: New, York Historical Society Locations: New York, New Netherland, New Amsterdam, Independence

☆ Opinion | Oct. 7 Shattered Netanyahu’s Legacy. The War Saved Him — for Now.
▼ + stars: | 2024-04-02 | by ( Joshua Leifer | ) www.nytimes.com time to read: +2 min

The moment Israel’s devastating war in the Gaza Strip ends, the unfinished conflict within Israel over its future will begin again. After almost six months, this war is already Israel’s longest since Israel’s war of independence. Even Mr. Netanyahu’s most vociferous critics seek to avoid being painted as treasonous during a time when massive banners declaring “Together We Will Win” hang from skyscrapers. In the weeks following Hamas’s gruesome Oct. 7 incursion, Mr. Netanyahu’s political future looked bleak. And, in another recent poll, by Israel’s Channel 13, most Israelis said they did not trust Mr. Netanyahu’s handling of the war.

Persons: Benjamin Netanyahu, Netanyahu’s, Win, Netanyahu, ”, Israel Organizations: Israel’s, Likud Locations: Gaza, Israel, United States

☆ Katherine Woodward Thomas Looks Back at 10 Years of Conscious Uncoupling
▼ + stars: | 2024-03-23 | by ( Katherine Woodward Thomas | ) www.businessinsider.com time to read: +8 min

When Gwyneth Paltrow and Chris Martin named their separation a "conscious uncoupling" 10 years ago, I was in Costa Rica on a writing retreat. What the heck is a "conscious uncoupling"? Within one day, conscious uncoupling was listed in an online dictionary as "redefining divorce in the 21st century." Katherine Woodward Thomas, the founder of Conscious Uncoupling Laura ReochYet Mark and I were determined to protect our daughter and resolved to not put her in the middle. Katherine Woodward Thomas, a licensed marriage and family therapist, is the New York Times bestselling author of "Conscious Uncoupling: 5 Steps to Living Happily Even After."

Persons: Gwyneth Paltrow, Chris Martin, she'd, Gwyneth, uncoupling, I'd, Mark, Katherine Woodward Thomas, Laura Reoch, That's Organizations: Hollywood, Disney, New York Times Locations: Costa Rica, goop, Star, Venice, Italy

☆ India’s Adani Green Energy Limited is building world’s biggest clean energy plant five times the size of Paris
▼ + stars: | 2024-03-19 | by ( Diksha Madhok | ) edition.cnn.com time to read: +8 min

Its clean energy unit AGEL is building the sprawling solar and wind power plant in the western Indian state of Gujarat at a cost of about $20 billion. But the tycoon has since bounced back and the group is now pouring billions into the clean energy sector. It plans to invest $100 billion into energy transition over the next decade, with 70% of the investments ear-marked for clean energy. A worker walking past rows of solar panels at the Khavda Renewable Energy Park. “[Gautam] Adani continues to walk both sides of the street,” said Tim Buckley, director of Sydney-based think tank Climate Energy Finance.

Persons: can’t, ” Sagar Adani, Adani, He’s, Gautam Adani, Punit Paranjpe, AGEL, ”, haven’t, Hindenburg’s, Gautam, Narendra Modi, Modi, Tim Buckley, ” Buckley, Paranjpe, “, that’s, ” Adani Organizations: New, New Delhi CNN —, CNN, Adani Green Energy, Adani, Khavda, Energy, Hindenburg, AGEL, Getty, International Energy Agency, Sydney, Climate Energy Finance Locations: New Delhi, Paris, Switzerland, India, Gujarat, Indian, Mundra, AFP, Pakistan, American, China, Europe, London, Africa, Australia

☆ SpaceX is poised to make rocket launches 10 times cheaper with Starship, experts say
▼ + stars: | 2024-03-18 | by ( Marianne Guenot | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

With its recent Starship mission, SpaceX is poised to cut launch costs 10-fold, said an expertThe firm flew its flagship mega-rocket to space without exploding on Thursday for the first time. AdvertisementSpaceX's Starship launch on Thursday didn't only look cool. SpaceX has already shaved launch costs downStarship-Super Heavy is the biggest launch system ever developed. AdvertisementA picture shows Starship fully stacked on its launchpad. "Lowering launch costs has always been the first step to unlocking broader, deeper sources of value from space," he said.

Persons: —, Elon, Brendan Rosseau, Abhi Tripathi, Elon Musk, Starship's, George Nield, Harvard's Rosseau, Tripathi Organizations: SpaceX, Service, Harvard Business School, Super, Mission, University of California, Space Sciences Laboratory, Space Shuttle, Space Transportation

Sitting atop its stainless steel Super Heavy booster, Starship stood taller than the Statue of Liberty at the company's new orbital launchpad in South Texas. As the booster fell back to Earth, Starship continued to climb toward the heavens, then shut off its engines to glide through space. Once fully operational, Starship will be able to carry up to 150 metric tonnes (165 US tons) to space, per SpaceX. Illustration of SpaceX Starship human lander design that will carry NASA astronauts to the Moon's surface during the Artemis mission. NASA's new moon rocket, SLS, could send 46 tons into orbits beyond the moon.

Persons: —, Elon, Musk, Dan Huot, Marianne Ayala, Morgan Stanley, Artemis, Artemis III Organizations: Service, SpaceX, Business, SpaceX's, Texas launchpad, X, NASA, Super, Saturn, Morgan, SLS, SpaceX SLS, Apollo Locations: South Texas, Texas

☆ Elon Musk was nowhere to be seen at Starship's first successful launch to orbit
▼ + stars: | 2024-03-14 | by ( Morgan Mcfall-Johnsen | Ellyn Lapointe | ) www.businessinsider.com time to read: +3 min

Elon Musk finally achieved Starship's first successful flight to orbit early Thursday morning. Musk was seen in the launch control room at both previous launches, making his latest absence unusual. AdvertisementElon Musk was nowhere to be seen as SpaceX's Starship mega-rocket finally flew into orbit, cruised above Earth, and plummeted back through the atmosphere on Thursday. Elon Musk sat in the control room watching the first orbital launch of Starship, which exploded about four minutes after liftoff. Starship will make life multiplanetary pic.twitter.com/Ul7ksiAHBZ — Elon Musk (@elonmusk) March 14, 2024By all accounts, this successful launch was a dream come true for Musk.

Persons: Elon Musk, wasn't, Musk, —, Kimbal Musk, Elon, multiplanetary, Ul7ksiAHBZ — Elon Organizations: SpaceX, Service, X, SpaceX's South Texas launchpad, Twitter Locations: SpaceX's South Texas, New Jersey

☆ Viktor Orbán meeting offers preview of Trump’s 2nd-term strongman idealizations
▼ + stars: | 2024-03-08 | by ( Stephen Collinson | ) edition.cnn.com time to read: +5 min

Trump sees Orbán as the kind of strongman – unencumbered by legal and political restraints – that he’d like to be. Ahead of his meeting with the former president, Orbán endorsed Trump’s views on Ukraine, in what will have been music to Putin’s ears and will have added to alarm in Kyiv about what a second Trump term would mean. “It is not gambling but actually betting on the only sensible chance, that we in Hungary bet on the return of President Trump,” Orbán told an economic forum on Monday, Reuters reported. In a statement, Biden’s campaign rebuked Trump for meeting “Hungarian dictator Viktor Orbán, notorious for eroding his own country’s democracy and cozying up to Vladimir Putin (sound familiar? Much of Europe is already recoiling in horror over the possibility of a second term for Trump.

Persons: Viktor Orbán, Donald Trump, isn’t, Biden, CNN’s Betsy Klein, Trump, – unencumbered, Orbán, Vladimir Putin –, laud Orbán, he’s, ” Trump, –, ” Orbán, “, ”, Joe Biden’s, Putin, castigate Trump, ’ ” Biden, didn’t, ” Biden, Vladimir Putin Organizations: CNN, Biden, GOP, Trump, Conservative Political, NATO, European, EU, Reuters, Republicans, Republican Locations: Hungarian, United States, Orbán, Florida, Russian, Ukraine, New Hampshire, Hungary, Sweden, Kyiv, Russia, American, Europe, Budapest

Opinion SoleAuthority Forty-five feet underground in a command center near Omaha, there’s an encrypted communications line that goes directly to the American president. Buried below is a military command headquarters constructed in case of a missile attack amid a national emergency. Yet regardless of who wins this election, or the next one, the American president’s nuclear sole authority is a product of another era and must be revisited in our new nuclear age. The jet’s crew can contact the president, verify his or her identity and relay a nuclear attack order to bomber squadrons, submarines and intercontinental ballistic missile silos. It is, however, unacceptable for an American president to have the sole authority to launch a nuclear first strike without a requirement for consultation or consensus.

Persons: —, Anthony Cotton, Biden, Donald Trump, Harry Truman, Truman, Truman’s, Jake Sullivan, ” Mr, Sullivan, “, Richard Nixon, wasn’t, Trump, Henry Kissinger, Nixon, Mark Milley, Nancy Pelosi, Bob Woodward, Robert Costa, Kissinger, Milley, Robert Kehler, Stratcom, Kehler, we’ve, That’s Organizations: U.S . Strategic Command, North American Aerospace Defense Command, NORAD, Joint Chiefs, Staff, American, White House, Strategic Command, White, North, Democrats, Chiefs, Air Force, Senate, U.S ., United Locations: United States, Omaha, U.S, America, Hiroshima, Nagasaki, Soviet, North Korea, Trump’s

☆ E. Jean Carroll's lawyers demand Trump ponies up $83.3 million verdict and say he needs to prove he has the money
▼ + stars: | 2024-02-29 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

E. Jean Carroll's lawyers demanded Trump pay the $83.3 million defamation verdict against him. Carroll's lawyers say he needs to prove he has the money to pay. After that case, Trump put the funds in a court-controlled account while he appealed the case. Advertisement"In support of his position, he fails to cite a single controlling (or even persuasive) case," Kaplan wrote. "He provides no demonstration that any of these assets are readily collectible and will remain readily collectible throughout the pendency of an appeal," Kaplan wrote.

Persons: Jean Carroll's, Trump, —, Jean Carroll, Donald Trump's, Carroll, Roberta Kaplan, defaming Carroll, Donald Trump, Michael M, Kaplan Organizations: Trump, Service, E, Carroll, New, New York, Getty Locations: New York, York

☆ Why Eva Longoria is ‘addicted’ to padel
▼ + stars: | 2024-02-06 | by ( Amanda Davies | Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —At first glance, padel might seem like an unusual investment for a Hollywood star like Eva Longoria. ElevenEleven Team USA, a team owned by Longoria, was participating at the event. Unlike tennis, padel is generally played in a doubles format, although the same scoring system is used in both sports. Some of the world's best padel players competed at the Hexagon Cup in Madrid. “The ownership team behind Angel City was born of that gender parity in pay,” Longoria recalled.

Persons: Eva Longoria, Andy Murray, Rafael Nadal, Robert Lewandowski, Longoria, – padel, ”, Amanda Davies, ” Longoria, Guillermo Gutierrez Carrascal, Gabrielle Solis, Oscar, Natalie Portman, Angel City, “ Natalie Portman, doesn’t, “ We’re Organizations: CNN, ElevenEleven, USA, Angel City FC, Liga MX, Club Necaxa, Angel Locations: Madrid, Mexico, padel, pickleball, Los Angeles, Angel

☆ The first step you need to take when changing careers—it's the 'best thing' to do, says Yale expert
▼ + stars: | 2024-01-17 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

If you've ever thought about quitting your job and exploring a new path, now is a great time to switch careers. Businesses typically refresh their hiring budgets at the start of the year, meaning there are more job opportunities to explore, and with travel slowing down after the holidays, more people are unencumbered and willing to network, making it easier to strike up meaningful connections. Conversations with close friends won't yield the most valuable insights, says Lipman, who is also the bestselling author of "NEXT! "You can post a networking request on LinkedIn or Instagram, or if you have a list of industries you're interested in, you can text people and just say, 'Hey! I'm looking to transition careers, and am interested in learning more about working in tech (or whatever the industry is), do you know anyone I can chat with?'"

Persons: Joanne Lipman, Lipman, Erin McGoff Organizations: Yale University Locations: New York

☆ Why California Officials Killed Cedar, a Little Girl's Pet Goat
▼ + stars: | 2024-01-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +15 min

Usually, when a child sells an animal at the county fair, some local macher buys it for more than its market value. All they were waiting for, apparently, was approval from the Shasta County district attorney. "More important for livestock producers is how the Shasta County Fair and the Shasta County sheriff — both unencumbered by intelligence — created a bonanza for animal rights zealots." Cedar was livestock, and many people can't even conceive that livestock like Cedar can be something more than food. (The California Department of Food and Agriculture, the Shasta fair, and the county sheriff all declined my requests for comment.)

Persons: might've, let's, wouldn't, E, reenacted, It's, Jessica Long, Bobo, Megan Dahle, Sen, Brian Dahle, Gavin Newsom, Cedar, Dahle, Long, Agriculture —, didn't, wasn't, —, we'll, Leslie Irvine, Irvine, Irving, they've, Ryan Gordon, Colter Ellis, Charlie Thieriot, Jessica Long's, Gordon, they'll, Adam Rogers Organizations: Fair, Animals Cedar, Republican, California ., California Department of Food, Agriculture, Twitter, Hearts, University of California, Animals, Business Locations: Shasta, Northern California, America, California, Napa, Sonoma, Shasta County, Irvine, Seco, Texas, Mississippi

☆ OpenAI's nonprofit arm showed revenue of $45,000 last year, even though company is worth billions
▼ + stars: | 2023-12-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +6 min

That's from the nonprofit parent's 990 filing with the Internal Revenue Service, a form that has to be filled out by organizations wishing to maintain their tax-exempt status. Thad Calabrese, a professor of public and nonprofit financial management at New York University, said OpenAI's current status is confusing, and is unlike anything he has seen in the nonprofit world. He said OpenAI could give up its nonprofit status, and he cited the Blue Cross Blue Shield Association, which in 1994 allowed associated nonprofit medical insurance plans to switch into for-profit entities. An OpenAI spokesperson didn't respond to a question about whether the organization is considering giving up its nonprofit status. Unlike OpenAI, Mozilla never raised money from venture and corporate investors, who expect returns on their investments.

Persons: Sam Altman, OpenAI's financials, OpenAI, That's, PlainSite, Altman, Helen Toner, Tasha McCauley, Ilya Sutskever, Thad Calabrese, Calabrese, didn't, Mark Surman, Surman, Altman's, hasn't, Bret Taylor Organizations: Internal Revenue Service, CNBC, New York University, Shield Association, Mozilla Foundation, Mozilla Corporation, Mozilla, Microsoft, Duke University Locations: California

☆ After strong e-commerce sales during Black Friday, Jim Cramer explains how new technology enables success of smaller businesses
▼ + stars: | 2023-11-27 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday lauded the success of e-commerce merchants during Black Friday, suggesting that new technology and online services has helped small and medium-sized businesses turn profits. Cramer cited data from Shopify President Harley Finkelstein, who said the e-commerce platform saw $4.1 billion in sales on Black Friday, up 22% from last year. Shopify helps merchants build online stores, offering a variety of services, including shipping and inventory management, for around $39 per month. Owners are are empowered by new, fairly accessible tools that help them succeed despite an economy burdened by the Federal Reserve's rate hikes, Cramer said. There are a number of companies that allow small businesses compete with larger ones by offering services at reasonable prices, such as website designer Wix.com , Cramer said.

Persons: CNBC's Jim Cramer, Cramer, Harley Finkelstein, Wix.com, Twilio Organizations: Federal, Intuit, Social Locations: Black

☆ I Tried Meta’s Ad-Free Instagram Subscription. This Is What It Was Like.
▼ + stars: | 2023-11-19 | by ( Nicole Nguyen | ) www.wsj.com time to read: 1 min

Earlier this year, I visited a washable rug’s website and decided it wasn’t for me. Then its relentless pursuit of me began—especially on Instagram. So when an option popped up to get rid of all ads on the social network, I jumped at the chance to try it. I paid a fee, about $14 in the app, eager to see a feed unencumbered by lurking rugs and other junk ads.

☆ I Paid $14 for a Month of Ad-Free Instagram—Was It Worth It?
▼ + stars: | 2023-11-19 | by ( Nicole Nguyen | ) www.wsj.com time to read: 1 min

☆ Astra defaults on debt agreement, warns it may not be able to raise needed cash
▼ + stars: | 2023-11-03 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Struggling space company Astra disclosed in a securities filing late Friday that it defaulted on a recent debt agreement and may not be able to raise needed cash as funds dwindle. Astra twice last month failed to meet minimum cash reserve requirements associated with a $12.5 million note issuance to New Jersey investment group High Trail Capital. The debt raise first required that Astra have "at least $15.0 million of cash and cash equivalents" on hand. That liquidity requirement was adjusted after Astra failed to prove compliance a first time, to require "at least $10.5 million of unrestricted, unencumbered cash and cash equivalents." The company performed a 1-for-15 reverse stock split in September to avoid a Nasdaq delisting, which temporarily brought Astra stock above $1 a share.

Organizations: NASA, Astra, High Locations: Florida's Cape Canaveral, New Jersey

☆ Opinion: Matthew Perry wanted to escape being Chandler Bing
▼ + stars: | 2023-11-02 | by ( Jane Carr | Opinion Holly Thomas | ) edition.cnn.com time to read: +6 min

Commentators have paid tribute to Perry and to Chandler in equal measure. As Perry made clear in his 2022 autobiography, “Friends, Lovers, and the Big Terrible Thing,” it did not. Chandler, Perry insisted, was a front. Three weeks before his audition for “Friends,” Perry said he fell to his knees and prayed “God, you can do whatever you want to me. Though Perry wanted to escape Chandler, he kept him around, because heaven forbid anyone saw what he was hiding.

Persons: Holly Thomas, Katie Couric, Matthew Perry, Chandler Bing, Holly Thomas Holly Thomas, Perry, Chandler, they’d, ”, he’d, , ” Perry, “, Perry’s, unencumbered, Monica, Jennifer Aniston, George Clooney, Michael J, ’, couldn’t, Roger Organizations: Katie Couric Media, CNN, “, Fox Locations: London, Los Angeles, New York, Canada

☆ Opinion | A Tech Billionaire’s Case for Why Tech Billionaires Should Rule the World
▼ + stars: | 2023-10-28 | by ( Elizabeth Spiers | ) www.nytimes.com time to read: +2 min

It takes a certain kind of person to write grandiose manifestoes for public consumption, unafflicted by self-doubt or denuded of self-interest. In this vision, wealthy technologists are not just leaders of their business but keepers of the social order, unencumbered by what Mr. Andreessen labels “enemies”: social responsibility, trust and safety, tech ethics, to name a few. But the real problem with Mr. Andreessen’s manifesto may be not that it’s too outlandish, but that it’s too on-the-nose. In the case of ordinary individuals, however, debt is regarded as not just a financial failure but a moral one. (If you are successful and have paid your student loans off, taking them out in the first place was a good decision.

Persons: Marc Andreessen, Andreessen Horowitz, ” Organizations: Netscape

☆ Opinion: Why GOP’s impeachment impulse will backfire with independents
▼ + stars: | 2023-09-13 | by ( John | ) edition.cnn.com time to read: +5 min

With a five-vote margin in the House — and 18 House GOP members representing districts President Joe Biden won — the math just doesn’t work. The impeachment of President Andrew Johnson during Reconstruction and the impeachment inquiry into President Richard Nixon for Watergate were separated by more than a century. The impeachment of President Bill Clinton and the double impeachment of President Donald Trump were separated by a little more than 20 years. The only silver lining in this dark cloud over the Biden White House comes from independents’ take on the alternative. As our colleague Harry Enten points out, just 33% of independents think Biden did something illegal, according to a recent Fox News poll.

Persons: John Avlon, “, Matt Gaetz, Marjorie Taylor Greene, Kevin McCarthy, McCarthy, Joe Biden, Trump, Biden, Andrew Johnson, Richard Nixon, Bill Clinton, Donald Trump, Hunter, Biden’s, “ Trump, ”, Harry Enten, Nikki Haley, Haley, Cornel West, lionize Organizations: CNN, GOP, Republicans, Reconstruction, Biden, ’, Trump, ” Independent, Fox, Twitter, Green, Party Locations: “ Lincoln, America, CNN’s

☆ This health-care stock is set to complete another spin-off. Here's what it means for our position in the stock
▼ + stars: | 2023-09-08 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

Veralto will consist of two primary divisions – water quality and product quality & innovation – which generated nearly $5 billion in combined sales in 2022 under the Danaher roof. The water quality unit contributed about 60% of that figure. Bottom line We expect to stay invested in both Danaher and Veralto once the spin-off is completed and the tax-free share distribution occurs on Sept. 30. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: we're, Jennifer Honeycutt, Melissa Aquino, –, Sameer Ralhan, Ralhan, Danaher, Veralto, they're, Jim Cramer's, Jim Cramer, Jim, Joe Raedle Organizations: Wall Street, Veralto's, CNBC, Miami, Getty Locations: Danaher, Veralto, New York, U.S, . New York City

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