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☆ We're encouraged by an activist's willingness to buy an Abbott rival, look past baby formula suits
▼ + stars: | 2024-05-21 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Baby formula suits : Activist investor group Eminence Capital has built a stake of at least 0.5% in Reckitt Benckiser, according to the Financial Times. Eminence's reported position follows Reckitt's selloff to an all-time low in March on concerns about baby formula litigation. Abbott makes a competing baby formula and faces similar lawsuits, alleging the companies failed to warn about the risks of their products. ABT YTD mountain Abbott YTD Abbott's next baby formula event is a state trial in St. Louis that begins in July. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Eminence's, Reckitt's, Abbott, we've, Reckitt, ABT, YTD Abbott's, Louis, we're, We're, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Blackwell, Eminence, Financial Times, Abbott Labs, TJX, Target, Devices, Jim Cramer's Charitable Locations: Reckitt Benckiser, Illinois, Reckitt, St, Maxx, Williams, Sonoma

☆ Dartmouth, Northwestern, Rice and Vanderbilt settle financial aid lawsuit
▼ + stars: | 2024-02-24 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +4 min

New York CNN —Four more private universities have agreed to settle a lawsuit which alleged they violated antitrust laws in determining financial aid amounts for admitted students, according to court documents filed Friday. Dartmouth College, and Rice, Vanderbilt and Northwestern universities agreed to pay a total of $166 million to settle claims filed in a 2022 class action lawsuit alleging the schools colluded on the amount of financial aid awarded to students, while favoring applicants from wealthier families. In 2022, the University of Chicago agreed to settle for $13.5 million. “Nearly 15% of this year’s first-year class is attending Dartmouth without responsibility for paying tuition, housing, meals and many other fees, and more than half of the class receives some form of financial aid. Meanwhile, Dartmouth, Rice, Vanderbilt and Northwestern’s settlements range from $33.75 million to $55 million each.

Persons: Brown, Emory, ”, “, Robert Gilbert Organizations: New, New York CNN, Dartmouth College, Vanderbilt, Yale, University of Chicago, CNN, University, Dartmouth, ” Rice University Locations: New York, Rice, Northwestern, Columbia, Duke, Dartmouth

☆ My name is so common my husband even dated someone with the same name before meeting me
▼ + stars: | 2024-02-18 | by ( Emily Grosvenor | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Call it the John Smithification of naming: What was once a distinctive, literary-leaning name with nuanced shades of meaning has started to feel common and empty. AdvertisementEmily may mean “industrious, eager, ” but what I took from her is that to be an Emily (Emily Ratjakowski excluded) is to be a rule follower — at least publicly. AdvertisementMy husband dated an Emily before meBut once I joined the media world, they were everywhere — on all the magazine mastheads, in my ear as NPR reporters, sitting behind news desks, getting nominated for Oscars (Emma Stone is actually Emily, by the way). So, I’ve tasked myself with identifying a plural form for that moment when I discover several Emilys in one room.

Persons: —, Emily, “, It’s, John Smithification, I’ve, Susan, Emily Jean, ”, Karen, Emilys, Emily Dickinson, Emily Bartlett, Beverly Cleary’s, Emily Post’s, Emily Ratjakowski, Emily Good, Goods, Emma Stone, Smith ”, Em Henderson, Charitably, you’re Organizations: Service, LinkedIn, Facebook Locations: United States, America

☆ The Grammys Aim for a Big Tent, but Not Everyone Feels at Home
▼ + stars: | 2024-02-05 | by ( Jon Caramanica | ) www.nytimes.com time to read: +1 min

Sunday night at the 66th annual Grammy Awards, Jay-Z accepted the Dr. Dre global impact award, a sort of éminence grise prize. He’s previously won 24 Grammys, but he did not treat the moment like a homecoming. At least get it close to right.” He mentioned his wife, Beyoncé, winner of the most Grammys ever, yet never a winner for album of the year. By this point, the room seemed to understand what was happening — Jay-Z was rinsing the Grammys on its own stage. Over the past few years, several Black artists have effectively been boycotting the Grammys by declining to submit their music for consideration, frustrated with how hip-hop and R&B are treated, particularly in the biggest all-genre categories.

Persons: Jay, Z, He’s, Beyoncé, ”, — Jay, ” Jay, “, Blue Ivy Organizations: Recording Academy

☆ Three Ideas to End Tent Cities
▼ + stars: | 2023-10-30 | by ( Andy Kessler | ) www.wsj.com time to read: 1 min

Images: AFP/Getty Images/Zuma Press Composite: Mark KellySan FranciscoWhy are FBI agents raiding homeless tents in San Francisco? Despite the city’s spending billions on homelessness, the number of “unhoused”—as progressives say—has continued to soar alongside crime and opioid deaths. The tent encampments littering its streets have made the city a laughingstock. Los Angeles, San Jose, San Diego, Seattle, Portland, Ore., and others also have tent cities. How can this be in the world’s wealthiest country?

Persons: Mark Kelly San, — Organizations: Getty, FBI Locations: United States, Mark Kelly San Francisco, San Francisco, Los Angeles, San Jose, San Diego, Seattle, Portland, U.S

The tiny Mediterranean country is home to Hezbollah, a Shiite Muslim political party with an armed wing of the same name. Hezbollah has reported the deaths of 24 of its militants since Hamas' bloody Oct. 7 rampage in southern Israel. Hezbollah has vowed to escalate if Israel begins a ground invasion of the Gaza Strip, which is likely, and Israel said it would aggressively retaliate. “If Hezbollah decides to enter the war, it will miss the Second Lebanon War. Israel sees Iran-backed Hezbollah as its most serious threat, estimating it has some 150,000 rockets and missiles aimed at Israel.

Persons: Benjamin Netanyahu, Israel, Jonathan Conricus, ”, Conricus, Hassan Nasrallah, Hassan Fadlallah, Fadlallah Organizations: —, Palestinian, Hamas, National News Agency, Sunday Locations: BEIRUT, Lebanon, Israel, Gaza, Lebanese, Aitaroun, Avivim, Blida, Iran, Dov, Syria

☆ Opinion | Why We Should Fear China More Than Middle Eastern War
▼ + stars: | 2023-10-21 | by ( Ross Douthat | ) www.nytimes.com time to read: +5 min

And since we don’t actually want to be at war with China, it makes a certain sense to avoid lumping Beijing in with Moscow and Tehran. It makes sense to talk about China, Iran and Russia as a loose alliance trying to undermine American power, but it is not a trio of equals. But the threat China poses to Taiwan, in particular, has different implications for American power from the threat Russia poses to Ukraine or Hamas poses to Israel. Whatever misery Iran and its proxies may inflict upon the Middle East, they are not going to conquer Israel or drive American power out of the Levant. But we have no experience being defeated in straightforward combat, not guerrilla war, by a great-power rival and ideological competitor.

Persons: Joe Biden, don’t, ”, “, Biden, Putin, pseudodemocracy, Xi, Vladimir Putin Organizations: NATO Locations: Israel, Ukraine, America, United States, China, Russia, Iran, Beijing, Moscow, Tehran, Taiwan, East Asia, Crimea, —, Vietnam, Afghanistan

☆ The Man Who Wrote Everything
▼ + stars: | 2023-09-17 | by ( Alexandra Jacobs | More About Alexandra Jacobs | ) www.nytimes.com time to read: +1 min

BARTLEBY AND ME: Reflections of an Old Scrivener, by Gay TaleseGay Talese has a tic. I want to get this out of the way because in general I have such tremendous admiration for the man: that debonair eminence of ye olde New Journalism who is both a living landmark of Manhattan and his own best character. It’s a writerly tic, the retro habit of referring to women by the color of their hair, but as noun rather than adjective. If occasionally feeling as if you’re trapped in a Peter Arno cartoon is the price of admission to a new work by Talese, sign me up. But only one chunk of his latest book, “Bartleby and Me,” from which the above quotations are drawn, can fairly be called new.

Persons: Scrivener, Gay Talese Gay Talese, It’s, ”, you’re, Peter Arno, Nicholas Bartha Organizations: olde New Journalism Locations: Manhattan, Romanian

☆ China is eroding Russia's influence over old allies as the alliance it leads crumbles over Ukraine, expert says
▼ + stars: | 2023-09-07 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +6 min

Russian influence is waning despite formal alliances and the old ties of the Soviet Union. It is also home to most members of the Collective Security Treaty Organization (CSTO): Russian President Vladimir Putin's equivalent of NATO. Russia's influence on them is also being weakened by more countries competing for their attention, Graham said. AdvertisementAdvertisementHe said that "Russia's operation in Ukraine is undermining, eroding its ability to maintain its influence across the former Soviet space." "You're seeing the slow erosion of Russian influence."

Persons: Thomas Graham, Vladimir Putin's, Graham, Vladimir Putin, Xi Jinping, Stanislav Zas, Nikol Pashinyan, Alexander Lukashenko, Kassym, Tokayev, Sadyr Japarov, Emomali Rakhmon, Anton Novoderezhkin Organizations: Service, Yale, Collective Security, Organization, NATO, Moscow REUTERS, Russia, Armenian, Kazakh, Kremlin, Sputnik, REUTERS, Central, AFPTV, Getty Locations: Central Asia, Russia, Soviet Union, Ukraine, Wall, Silicon, China, Turkey, East, Caucasus, Moscow, Armenia, Kazakhstan, Belarus, Kyrgyzstan, Tajikistan, Central, Europe, Iran, Russian, Belarusian, Bakhmut, AFP, Azerbaijan, Soviet

☆ How to Live a Happy Life, From a Leading Atheist
▼ + stars: | 2023-08-27 | by ( David Marchese | ) www.nytimes.com time to read: +4 min

“I want people to see what a meaningful, happy life I’ve had with these beliefs,” says Dennett, who is 81. They’ve got trillions of motor proteins, and motor proteins are not alive. Motor proteins aren’t alive. Life couldn’t exist without these little molecular machines — by the trillions — that are working in your body right now. Human life and human consciousness are made possible by these incredibly brilliant consortia of little robots.

Persons: Daniel C, Dennett, Christopher Hitchens, Richard Dawkins, Sam Harris, “, ” Dennett, I’ve, ”, ” Daniel C, Beata Zawrzel, It’s, They’ve, She’s, That’s, Susan, David Marchese, Emma Chamberlain, Walter Mosley Organizations: Tufts University, Getty, Congregational Church, United Church of Christ, YouTube, Cal Newport Locations: Poland, what’s, America

☆ Eric Adams and the Self-Imposed Crisis of a Sanctuary City
▼ + stars: | 2023-08-14 | by ( Allysia Finley | ) www.wsj.com time to read: 1 min

Wonder Land: The United States is often described as a 'nation of immigrants,' but with Biden’s open river or another Trump wall, the clock on American pre-eminence could stop, as illegal immigration taints the legal path to citizenship. Images: AFP/Getty Images/Zuma Press Composite: Mark KellyNew York politicians often believe the rest of the country cares about their problems. But the only time most people give a thought to the Empire State’s largely self-inflicted woes is when they relish the schadenfreude of seeing progressives pay for misguided policies. The Big Apple ’s migrant mess is a case in point.

Persons: Mark Kelly Organizations: Getty, Mark Kelly New, Apple Locations: United States, Mark Kelly New York

☆ Here's the 14-page pitch deck that 40Seas, a fintech looking to bring "buy now pay later" to the trade industry, used to raise $16 million
▼ + stars: | 2023-08-02 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

It raised an $11 million seed round in January and raised an additional $6 million in an extension. Here's the pitch deck the startup used to fundraise, which attracted investors like QED Investors. Even though his startup 40Seas only launched seven months ago, for Eyal Moldovan, the business has been decades in the making. 40Seas raised its seed round in January as investors funneled $11 million into the fledgling startup. Here's the 14-page pitch deck 40Seas used to raise its seed and seed extension.

Persons: Eyal, Igor Zaks, Gil Shiff, Suki Gao, Camila, Saruhashim, 40Seas Organizations: QED, Eyal Moldovan, Moldovan, ZIM, Eminence Ventures Locations: Israel, China, India, Tel Aviv, Canada, Europe, Asia Pacific, Australia, New Zealand, Moldovan

July 31 (Reuters) - New Relic (NEWR.N) said it has agreed to be taken private by TPG (TPG.O) and Francisco Partners in a $6.5 billion all-cash deal amid stiff competition in the application performance monitoring space from rival software companies Datadog and Dynatrace. New Relic's shares rose about 13% to $83.85 on Monday following the deal involving the private equity firms. New Relic reported annual revenue growth of about 18% compared with Dynatrace's (DT.N) 25% jump. New Relic on Monday reported first-quarter revenue of $242.6 million, compared with analysts' estimates of $239.2 million, according to Refinitiv IBES data. Qatalyst Partners is the company's financial adviser, while Morgan Stanley is the lead financial adviser for Francisco Partners and TPG.

Persons: Kingsley Crane, Genuity, Jana, Morgan Stanley, Akash Sriram, Zaheer Kachwala, Sriraj Kalluvila, Shounak Organizations: TPG, Francisco Partners, Francisco, New, Jana Partners, Eminence Capital, Qatalyst, Thomson Locations: ., Bengaluru

☆ What Does Biden Have Against Israel?
▼ + stars: | 2023-07-14 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Wonder Land: The United States is often described as a 'nation of immigrants,' but with Biden’s open river or another Trump wall, the clock on American pre-eminence could stop, as illegal immigration taints the legal path to citizenship. Images: AFP/Getty Images/Zuma Press Composite: Mark KellyWhy does President Biden go out of his way to snub, criticize and give marching orders to the government of Israel? At least rhetorically, the President and his Administration treat Prime Minister Benjamin Netanyahu and his governing coalition worse than they do the ruling mullahs in Iran.

Persons: Mark Kelly, Biden, Benjamin Netanyahu Organizations: Getty Locations: United States, Israel, Iran

☆ When Character Mattered in Washington
▼ + stars: | 2023-07-13 | by ( Joseph Epstein | ) www.wsj.com time to read: 1 min

Wonder Land: The United States is often described as a 'nation of immigrants,' but with Biden’s open river or another Trump wall, the clock on American pre-eminence could stop, as illegal immigration taints the legal path to citizenship. Images: AFP/Getty Images/Zuma Press Composite: Mark KellyI admire my friends who no longer watch cable news. I doubtless take in too much of it, typically switching among the three main networks: Fox, CNN and MSNBC. I watch most of it with a book or magazine in my lap, but stories about the seemingly endless lawsuits against Donald Trump and accounts of the skullduggery of Hunter Biden and his father (“the Big Guy”) get my attention.

Persons: Mark Kelly, Donald Trump, Hunter Biden, Guy ” Organizations: Getty, Fox, CNN, MSNBC Locations: United States

☆ WSJ Opinion: The Great Migrant Mess
▼ + stars: | 2023-07-13 | by ( Wsj Opinion | ) www.wsj.com time to read: 1 min

WSJ Opinion: The Great Migrant Mess Henninger: "The Biden do-nothing policy has let some 1.6 million migrants into the U.S. illegally since 2020. Meanwhile, the number of foreigners waiting for a green card to work legally in the U.S. is 9 million." By WSJ Opinion Jul 12, 2023 11:33 pm Wonder Land: The United States is often described as a 'nation of immigrants,' but with Biden’s open river or another Trump wall, the clock on American pre-eminence could stop, as illegal immigration taints the legal path to citizenship. Images: AFP/Getty Images/Zuma Press Composite: Mark Kelly Read: A Great, Destructive Migrant Mess

Persons: Mark Kelly Read Organizations: Getty Locations: U.S, United States

☆ ChatGPT Made a Guest Appearance at the Marc Jacobs Three-Minute Fashion Show
▼ + stars: | 2023-06-27 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

When did Marc Jacobs, erstwhile downtown darling turned New York fashion éminence grise, become a philosopher of the modern condition? And, on Monday, in a show at the New York Public Library, a three-minute meditation on the abbreviated attention span generated by our digital lives and the looming future of A.I. Thirty seconds for the models — 29 of them — to march in one direction. Thirty more seconds to march out again in the other direction. And then a minute or so at the beginning and end for people to realize what had just gone on.

Persons: Marc Jacobs, Bergdorf Goodman, Vivienne Westwood Organizations: New York Public Library Locations: York

The goal was to restore one of the Ozarks’ rarest ecosystems, a type of dry, rocky grassland known as a glade. To bring back the grass, we had to clear it of trees. Under the trees’ dense canopy, the native grassland species couldn’t thrive. If the glade had remained covered in trees for a couple more decades, it might have been too late. But with the tree cover gone and sunlight pouring in, woodland species are now giving way to the grassland species.

Persons: Neal Humke Locations: greenbrier, ragweed

☆ Second Thoughts on ‘Gender-Affirming Care’
▼ + stars: | 2023-06-06 | by ( Leor Sapir | ) www.wsj.com time to read: 1 min

As protests erupted outside a Glendale, Calif., school board meeting discussing LGBTQ+ issues in the classroom on June 6, 2023, opponents highlighted their concerns about teachers discussing sexual orientation and gender identity with children. Images: The Orange County Register via AP/Zuma Press Composite: Mark KellyThe American Academy of Pediatrics said last week that it will commission a systematic review of the evidence for pediatric sex-trait modification, known euphemistically as “gender-affirming care.” This marks a turning point in the battle over the controversial medical protocol. To those who favor evidence-based rather than eminence-based medicine, it is a step in the right direction.

Persons: Mark Kelly Organizations: AP, Zuma, Mark Kelly The American Academy of Pediatrics Locations: Glendale, Calif, Orange

☆ Jacinda Ardern made a dame in New Zealand
▼ + stars: | 2023-06-05 | by ( Jessie Yeung | ) edition.cnn.com time to read: +3 min

CNN —Former New Zealand leader Jacinda Ardern, who stepped down from her post earlier this year, has been made a dame in one of the country’s highest honors. “Having served as Prime Minister from 2017 to 2023, Dame Jacinda Ardern is recognized for her service to New Zealand during some of the greatest challenges our country has faced in modern times,” Hipkins said in a statement. The move grants Ardern the title of Dame Grand Companion of the New Zealand Order of Merit. In a statement to CNN affiliate Radio New Zealand (RNZ), Ardern said she was “incredibly humbled” by the accolade. Within a year, she had become only the second world leader to give birth in office.

Persons: Jacinda Ardern, Chris Hipkins, Dame Jacinda Ardern, ” Hipkins, Dame, ”, Ardern, “ Organizations: CNN, Former New Zealand, Labour Party, Merit, Radio New Zealand, Kiwis, United Nations General Assembly, Harvard University, Harvard Kennedy School, New Locations: New Zealand, Zealand, Christchurch, Wellington

☆ Chinese tech entrepreneurs keen to 'de-China' as tensions with US soar
▼ + stars: | 2023-05-30 | by ( David Kirton | ) www.reuters.com time to read: +7 min

But he's dismayed by the U.S.-China trade spats and the restrictions on a growing number of Chinese companies that have been imposed, or are being proposed, by U.S. lawmakers. "It's very unfair," he said, lamenting that competitors from other countries did not face similar issues when trying to expand into the United States. Reuters spoke to seven tech entrepreneurs from mainland China, most of them educated overseas, who would like to expand their businesses in the United States. Geopolitical tensions have meant a far less friendly atmosphere for mainland Chinese companies wanting to operate or gain funding in the United States, the entrepreneurs and consultants say. The U.S. Commerce Department did not respond to a request for comment on attitudes towards Chinese companies within the United States.

Persons: Florence Lo, Ryan, Trump, Joe Biden, Major flashpoints, James McGregor, Xi, Wilson, Chris Pereira, Shein, PDD, Pereira, Tommy, David Kirton, Eduardo Baptista, Casey, Brenda Goh, Edwina Gibbs Organizations: REUTERS, Huawei, U.S ., U.S, Micron Technology, Washington DC, Chinese Communist Party, Greater, APCO Worldwide, U.S . Commerce Department, Reuters, of Information, American Ecosystem Institute . Companies, PDD Holdings, U.S . Customs, Border Protection, Casey Hall, Thomson Locations: China, SHENZHEN, U.S, Washington, United States, Shenzhen, East Asia, North America, Hong Kong, Canada, Japan, Singapore, Montana, Greater China, Beijing, China's, Shanghai, Dublin

The demise of the deal negotiations underscores the challenges facing private equity firms seeking to put together leveraged buyouts. New Relic has been negotiating with potential acquirers since last year, Reuters has reported, and it's possible that deal talks resume some time in the future, the sources added. New Relic and Francisco Partners did not immediately respond to requests for comment, while TPG declined to comment. San Francisco-based New Relic develops cloud-based software to help websites and application owners track the performance of their services. New Relic has previously been targeted by several activist hedge funds including Jana Partners, Engaged Capital and Eminence Capital.

☆ Striking Writers Find Their Villain: Netflix
▼ + stars: | 2023-05-11 | by ( John Koblin | Nicole Sperling | ) www.nytimes.com time to read: +1 min

Just over a week after thousands of television and movie writers took to picket lines, Netflix is feeling the heat. Late Wednesday night, Netflix abruptly said it was canceling a major Manhattan showcase that it was staging for advertisers next week. Instead of an in-person event held at the fabled Paris Theater, which the streaming company leases, Netflix said the presentation would now be virtual. He was scheduled to be honored alongside the “Saturday Night Live” eminence Lorne Michaels. In a statement, Mr. Sarandos explained that he withdrew because the potential demonstrations could overshadow the event.

☆ The story behind Einstein's most iconic photo and how it was almost lost to history
▼ + stars: | 2023-03-25 | by ( Mike Rucker | ) www.businessinsider.com time to read: +3 min

Albert Einstein's most iconic photo of him sticking out his tongue was almost lost to history. Author Mike Rucker explains how Einstein's fun and curious nature played to his greatness. The photo was taken by Arthur Sasse, on March 14, 1951, Einstein's 72nd birthday. Einstein rarely let others get in the way of his fun. According to Walter Isaacson's biography, "Einstein: His Life and Universe," the personality traits that contributed most to Einstein's greatness were curiosity and nonconformism.

One hedge fund manager described trades in the financial sector as being "all over the map", with nobody agreeing on anything. Some breathed a sigh of relief that a competitor stepped in with a rescue offer for Credit Suisse. Others worried that the $3.2 billion UBS will pay is far less than the $9.5 billion Credit Suisse was valued at on Friday, and one investor said the market may not consider this to be a positive. loadingLater, short seller Jim Chanos tweeted his shock that $17 billion of Credit Suisse bonds would be wiped out, asking "What are the Swiss doing here…?!" There was also little agreement on how investors would be positioning themselves in smaller U.S. banks, including First Republic.

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