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Paris Hilton first attended the Cannes amfAR Gala in 2001 while wearing a bold, bedazzled gown. Paris Hilton attends the 2001 amfAR Gala at the Cannes Film Festival. J. Vespa/Dave Hogan/Getty ImagesThe names written in crystals on her Randolph Duke dress were actually celebrity autographs from stars like Tom Cruise and Clint Eastwood, and the matching jewels on her arm spelled "amfAR." As for the gown itself, it was black and sleeveless with a round back cutout that extended to her sides.
Persons: Paris, Paris Hilton, Dave Hogan, Randolph Duke, Tom Cruise, Clint Eastwood Organizations: Paris Hilton, Cannes, Paris, Cannes Film
President Joe Biden and Democrats have tried unsuccessfully to restore nationwide abortion rights since the Supreme Court issued its landmark reversal of Roe in 2022. AdvertisementHogan's position makes him one of the few prominent Republicans to support abortion rights. When he first announced his Senate run, Hogan initially said he needed to think more about his position on abortion rights. Democrats have already placed abortion rights on the Florida ballot this November. No Republican Senate is going to make a serious effort to codify Roe, given the party's near-universal support to restrict abortion rights.
Persons: , Larry Hogan, Roe, Hogan, Wade, he's, Joe Biden, Angela Alsbrooks, Alsobrooks, David Trone, Susan Collins of, Lisa Murkowski, codifying Roe, Donald Trump, Mitch McConnell, Court's Dodds, hasn't, it's, Trump Organizations: Service, Maryland Gov, GOP, Democrats, Business, Prince, Wine, Republicans, Press, Senate, Biden, Republican Senate Locations: Prince George's County, Susan Collins of Maine, Alaska, Maryland, Florida, Arizona
Read previewWelcome to People's Exhibit 35, the single most important piece of evidence in the Donald Trump hush-money trial. People's 35 is the fulcrum for the entire case. What People's 35 does not have is Trump's fingerprints, a point that the defense is sure to press during closing arguments next week. AdvertisementProsecutors allege that Trump's payments to Cohen were falsified to conceal hush money paid to adult film star Stormy Daniels. "Yes," Cohen answered, as Trump watched from the defense table"And what, if anything, did Mr. Trump say at the time?"
Persons: , Donald Trump, Trump, Michael Cohen, Cohen, Stormy Daniels, we'll, Allen Weisselberg, Weisselberg, Cohen —, Reince, Jon Elswick, Susan Hoffinger, Daniels, Hoffinger, Todd Blanche, — Cohen, Keith Davidson, Davidson, Karen McDougal, Playboy Bunny, Trump's, Melania Trump, peddled, Charlie Sheen, Hulk Hogan, Lindsay Lohan, Tila, RedFinch, That's Allen Weisselberg's, Allen, — it's, Trump —, Mary Altaffer Organizations: Service, Business, Attorney's, Trump Organization, Trump, Prosecutors, AP, Manhattan, BI Prosecutors, Essential, Consultants, Tahoe, National Enquirer, RedFinch Solutions, RedFinch, People's, frick Locations: Manhattan, Virginia
CNN —A former employee of the Augusta National Golf Club (ANGC) in Georgia has pleaded guilty to stealing millions worth of Masters Tournament merchandise and memorabilia. A view of a Members Only sign outside of Augusta National Golf Club prior to the 2024 Masters Tournament on April 7. The 11th green is prepared prior to the 2024 Masters Tournament at Augusta National Golf Club on April 6. CNN has contacted Augusta National for further comment. Unlike the other majors, The Masters is played at the same course every year, with Augusta National hosting the event since the year it was founded.
Persons: CNN —, Richard Globensky, Globensky’s, Arnold Palmer, Gene Sarazen, Ben Hogan, Globensky, Bobby Jones, Andrew Redington, , Maddie Meyer, Tom Church, Scottie Scheffler Organizations: CNN, Augusta National Golf, District of Illinois Eastern, Masters, Augusta National, United States Attorney’s Office, Prosecutors, Augusta National Golf Club, PGA, U.S . Locations: Georgia, Chicago, Augusta, Florida
Senate Democrats (including independents who caucus with them) hold 23 seats up for election this year; Republicans hold 11. Positive signs for DemocratsBut is the race for the Senate really over if Republicans just win West Virginia? Democratic Senate candidates seem to be at least tied or ahead in Arizona, Michigan, Montana, Nevada, Ohio, Pennsylvania and Wisconsin. Of course, Democratic Senate candidates outrunning the top of the ticket is nothing new. For Democrats to have any chance of holding the Senate, Republicans would have to lose all these Senate races.
Persons: we’ve, Donald Trump, Trump, Democratic Sen, Joe Manchin, Simone Pathe, it’s, we’re, Joe Biden, Biden, Sens, Bob Casey of Pennsylvania, Tammy Baldwin, Kari Lake, Lake, Nevada’s, Missouri’s Todd Akin, Mehmet Oz, Mark Kelly, Larry Hogan, I’m, Organizations: CNN, White, Senate, Republicans, Democratic, Republican, Republican Senate, Democrats, Florida, GOP, West Virginia, New York Times, Siena College, Biden Locations: nonjudicial, West Virginia, Texas, West, Arizona , Michigan, Montana , Nevada , Ohio, Pennsylvania, Wisconsin, Arizona, Nevada , Pennsylvania, Senate, Maine, Arizona , Nevada , Montana and Ohio, Montana, Ohio, Michigan , Pennsylvania, Maryland –
Dow closes above 40,000 for first time ever
  + stars: | 2024-05-17 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +5 min
New York CNN —The Dow Jones Industrial Average closed above the 40,000 mark Friday for the first time in its 139-year history. To many Americans, “the Dow” simply means the stock market. Dow 100: The Dow first closed in triple digits in January 1906. Crash of 1929: The Dow fell 38 points on Oct. 28 and 31 more points the next day. Dow 30,000: Nov. 24, 2020: Covid sent the stock market plunging in the spring of 2020.
Persons: , Ryan Detrick, , Hogan, Dow, Teddy Roosevelt, Richard Nixon, Trump, Covid Organizations: New, New York CNN, Dow Jones, Federal Reserve, Bureau of Labor Statistics, Carson Group, Dow, Nasdaq, Riley Financial, CNN, Wall, Microsoft, Chevron, Federal, Woolworth, Eastman Kodak Locations: New York, Chevron —
New York CNN —The Dow Jones Industrial Average is, at best, an imperfect barometer of stock market activity among a narrow band of very large US companies. It’s clunky, and too limited in scope for any Wall Street pros to pay serious attention to it. “Mention ‘the Dow’ and, to most people, that means the stock market,” said Art Hogan, chief market strategist at B. Riley Financial, in a note to CNN. It’s just an index that tracks the stock market activity of 30 large US companies, from Amazon to McDonald’s to the Walt Disney Company. Market capitalization measures the total value of a company on the stock market.
Persons: Dow, , Hogan, It’s, “ Dow Jones ”, , Nick Colas, you’re, ” Colas, Daniel Alpert, wasn’t, Goldman Sachs, Colas, I’ve, ” Alpert Organizations: New, New York CNN, Dow Jones, Dow, Riley Financial, CNN, Walt Disney Company, Westwood Capital, Standard Oil, US Steel, Microsoft, Apple Locations: New York, Amazon, Silicon
Dow crosses 40,000 for the first time
  + stars: | 2024-05-16 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
New York CNN —The Dow broke past the 40,000 threshold Thursday morning for the first time ever, fueled by an encouraging inflation report. It also highlights a notable contrast between sentiment on Wall Street and Main Street. Dow 100: The Dow first closed in triple digits in January 1906. The Dow nearly matched that in 2017, rising 25%. Dow 30,000: Nov. 24, 2020: Covid sent the stock market plunging in the spring of 2020.
Persons: Dow, stoking, , Gary Pzegeo, John Williams, Tom Barkin, ” Tyler Schipper, Thomas, Hogan, Teddy Roosevelt, Richard Nixon, Trump, Covid Organizations: New, New York CNN, Markets, Federal Reserve, Bureau of Labor Statistics, CIBC Private Wealth, , Walmart, Airlines, Big Tech, York Fed, Reuters, Richmond Fed, Dow, University of Michigan, CNN, CPI, University of St, Riley Financial, Wall, Microsoft, Chevron, Traders, New York Stock Exchange, Getty, Federal, Woolworth, Eastman Kodak Locations: New York, United States, Minnesota, Chevron —, AFP
NOW PLAYINGExplaining the Surprising Patterns of Fatal Shootings2:47Michael Cohen Says Trump Discussed Reimbursement in Oval Office2:23Getting Ready for the Westminster Dog Show1:47Cohen Testifies That Trump Directed Hush-Money Payment1:38Will Congestion Pricing Change the City? 1:33Judge Says Michael Cohen Must Stop Taunting Trump2:08Trump’s Lawyers Clash With Stormy Daniels and Are Rebuffed by Judge2:53Why Donald Trump Is Frustrated With His Lawyers2:58Have You Made an A.I. Friend Yet? 2:40Stormy Daniels Tells Her Story of Sex With Trump1:50Jury Sees Trump’s Checks in Hush-Money Case1:59
Persons: Michael Cohen Says Trump, Cohen, Michael Cohen, Stormy Daniels, Judge, Donald Trump, Daniels Organizations: Westminster, Trump
Read previewRep. David Trone, one of the wealthiest members of Congress, spent over $60 million of his own fortune to try to win a Democratic Senate primary. With nearly 40% of all votes in, Prince George's County Executive Angela Alsobrooks is projected to have defeated Trone in Maryland's Democratic US Senate primary, according to Decision Desk HQ. Schumer can't afford to lose the Senate seat if he wants to keep the party's slim majority in the chamber. Related storiesAnd Alsobrooks — who was endorsed by Maryland Democratic heavy hitters including Gov. Republicans see Montana and Ohio as their top Democratic Senate targets this year, while also looking to compete in Arizona, Michigan, Nevada, Pennsylvania, and Wisconsin.
Persons: , David Trone, Angela Alsobrooks, Trone, Alsobrooks, Larry Hogan, Hogan, Chuck Schumer, Schumer, Alsobrooks —, Wes Moore, Sen, Chris Van Hollen, Steny Hoyer —, Maryland doesn't, West Virginia Sen, Joe Manchin's Organizations: Service, Democratic Senate, Associated Press, Democratic, Senate, Republican, Business, GOP, Democrat, Wine, Democratic Party, Maryland, CNN, Republicans, Maryland Democratic, Gov, CBS, WUSA9, The Washington Post, West Virginia, Maryland — Locations: Prince George's, Maryland, Trone, Washington, Montana and Ohio, Arizona , Michigan, Nevada , Pennsylvania, Wisconsin
And what about those zombie campaigns in both parties’ presidential races? Nikki Haley had a pretty good night for a candidate who long ago dropped her campaign for the Republican presidential nomination. Here are four takeaways:In Maryland, a potential history maker beats the money. In a showdown between money and history, history won. Democrats initially were happy to have Mr. Trone as their nominee, knowing they wouldn’t have to spend a dime for him in the general election.
Persons: Nikki Haley, David Trone, Angela Alsobrooks, Ben Cardin, Larry Hogan, Trone Organizations: Republican, Democratic, Maryland Locations: Maryland, West Virginia, Nebraska
Maryland U.S. Senate Primary Election Results
  + stars: | 2024-05-14 | by ( ) www.nytimes.com   time to read: 1 min
Larry Hogan, a former two-term Maryland governor and an unabashed G.O.P. critic of Donald J. Trump, is the favorite in a crowded Republican primary for a U.S. Senate seat being vacated by Benjamin L. Cardin, a longtime Democratic incumbent. In the Democratic primary, Angela Alsobrooks, the Prince George’s County executive, is facing Rep. David Trone, a third-term congressman and owner of Total Wine & More, an alcohol retailer.
Persons: Larry Hogan, Donald J, Trump, Benjamin L, Cardin, Angela Alsobrooks, Prince George’s, David Trone Organizations: Republican, U.S, Senate, Democratic Locations: Maryland, Prince George’s County
The best in show competition, essentially a doggie beauty pageant, is the culmination of a multiday canine extravaganza here at Westminster. The winner, with a blink-and-you’d-miss-it time of 28.76 seconds, was an All-American dog named Nimble. Nimble was the first All-American dog — the dog show word for mutt — to take the top spot in the 11 years that agility has been part of Westminster, and he was also the first dog from the 12-inch division to win the competition. Perhaps the best example is Kratu, a rescue dog who has appeared several times at the Crufts dog show in England. Miles, an All-American rescue dog from Erie, Pa., who defeated the odds to become an agility champion and whose unlikely road to Westminster was described in The Times, competed on Saturday in the 20-inch division.
Persons: mutt —, Lark, Hogan, Miles, Christine Longnecker, Organizations: The Times Locations: Westminster, England, Erie, Pa
In February 2021, weeks after Jan. 6, Larry Hogan, who was then the Republican governor of Maryland and a frequent critic of Donald Trump, told Katie Couric that a battle for the soul of their party was underway — and that Trump’s influence was really, finally, diminishing. “I guess I’m not as smart as I thought I was,” Hogan told me this morning. Hogan knows that his side of the party — what he calls “the Republican wing of the Republican Party” — lost that battle. He knows that many of his fellow Never Trumpers have lost re-election, decided to retire or changed their tune. “I do feel a little bit like I’m running toward the burning building,” Hogan said.
Persons: Jan, Larry Hogan, Donald Trump, Katie Couric, , ” Hogan, Hogan, , Republican Party ” —, Organizations: Republican, Republican Party, Trump Republicans Locations: Maryland
It’s an unfamiliar question for deep-blue Maryland, which hasn’t had a Republican senator in nearly four decades. But the state’s typically sleepy Senate race has heated up this year after Larry Hogan, the popular former two-term Republican governor, decided to run. Now Democrats across the state are wringing their hands trying to figure out which of their candidates has a better shot at defeating Mr. Hogan. Perhaps because of the heightened stakes, the contest has turned increasingly negative as it has tightened, splitting Democrats in Congress and beyond. While congressional leaders have endorsed Mr. Trone, all but one Democrat in the state’s congressional delegation are backing Ms. Alsobrooks.
Persons: Chuck Taylor, Angela Alsobrooks, hasn’t, Larry Hogan, Hogan, Alsobrooks, Prince George’s, David Trone, Trone Organizations: United States Senate, Republican Locations: Maryland
At Indiana University, protesters say they've been met with a militarized response from police. AdvertisementOn April 25, a day after Indiana University made a controversial change to its protest policies, students built an encampment on the school's Dunn Meadow. Isabella Volmert/AP PhotoShe joined the campus protests on April 25 alongside her husband, an IU staff member. From Vietnam to the Israel-Hamas WarWhen Dunn Meadow was established in 1969, official university policy dictated that overnight encampments were not allowed. AdvertisementThe Indiana University Police Department did not immediately respond to a request for comment from BI.
Persons: they've, , Dunn, Pamela Whitten, Whitten, Barbara Dennis, Isabella Volmert, Dennis, Jia Wu, haven't, Z Bryce Greene, Greene, Jeremy Hogan Organizations: Indiana University, Service, Business, Indiana University's School of Education, Occupy, IU, New York Times, Columbia, City College of New, Hamilton Hall, Columbia University, Getty, College, Kent State University, Ohio National Guard, Indiana University Police Department, Palestine Solidarity Committee, Naval Surface Warfare, University, Indiana University's, Faculty, UNICEF Locations: Israel, Vietnam, Gaza, Dunn, Iraq, City College of New York, New York City, AFP, Kent, Palestine, Crane , Indiana, Indiana
Silver Spring, Maryland CNN —The farmers market in this suburb of Washington, DC, was a ripe crowd for Angela Alsobrooks, who’s locked in an increasingly contentious Senate Democratic primary on Tuesday. “I would really like to see a Black woman in the Senate. If elected in November, Alsobrooks, the executive of Prince George’s County, could become only the third Black woman ever elected to the Senate. (The one Black woman currently serving — California’s Laphonza Butler — was appointed and isn’t running to stay beyond this year.) “Electing women is not just good for Maryland,” Alsobrooks told supporters assembled outside her campaign office.
Persons: Angela Alsobrooks, who’s, , Kathy Pruitt, California’s Laphonza Butler —, Alsobrooks, David Trone, , Mileah Kromer, Trone, Larry Hogan, ” Pruitt, Hogan, Brian Snyder, “ I’ve, ” —, it’s, ” Alsobrooks, ” Ellen Malcolm, , Maryland’s Barbara Mikulski, Wes Moore, Sen, Ben Cardin, Barbara Lee, Lisa Blunt Rochester, Pamela Luckett, “ It’s, that’s, he’ll, Alsobrooks hasn’t, doesn’t, Joanne Benson, Donald Trump, It’s, Prince, Krystal Oriadha, you’re, — who’s, — doesn’t, ” Benson, She’s, Glynda Carr, Black, ” Carr, hasn’t, Pruitt Organizations: Maryland CNN, Democratic, Takoma Park, Prince, Senate, Goucher College Poll, Maryland, House Democratic, GOP Gov, Maryland Gov, Saint Anselm College, Reuters, Bowie, Democrats, PAC, Washington Post, Gov, California Rep, Spring, Republicans, NBC, CNN, Capitol, , GOP, AFI, NRA, Higher Locations: Maryland, Washington, Alsobrooks, Prince George’s County, George’s, Manchester , New Hampshire, Black, America, who’s, Delaware, Prince George’s, Higher Heights
In Donald Trump’s felony trial last week, we heard about Hulk Hogan’s sex tape, and we watched Hope Hicks cry. So far this week, we heard all about ledgers, invoices and accounts payable stamps. We watched as a loyal Trump accountant authenticated Allen Weisselberg’s handwriting. The same documents with different dates popped up not once or twice but over and over again. The documents were validated today by a former senior vice president of the Trump Organization, Jeffrey McConney, and an accounts payable supervisor, Deborah Tarasoff, both of whose legal fees are being paid by the company.
Persons: Donald Trump’s, Hope Hicks, Allen, Trump, Michael Cohen, Jeffrey McConney, Deborah Tarasoff Organizations: Trump, Trump Organization
Charlie Sheen, Hulk Hogan, Lindsay Lohan, and Tila Tequila were all name-dropped. Charlie Sheen, Hulk Hogan, Lindsay Lohan, Floyd Mayweather, Tila Tequila — all were name-dropped in morning testimony. Bove asked. Bove asked Davidson. Advertisement"I've represented several clients who had claims against Charlie Sheen," Davidson answered carefully.
Persons: Stormy Daniels, Keith Davidson, Charlie Sheen, Hulk Hogan, Lindsay Lohan, Tila Tequila, , Donald Trump's, Floyd Mayweather, Playboy Bunny Karen McDougal, Trump, Daniels, Davidson, Emil Bove, Donald Trump, Jane Rosenberg Bove, You've, Bove, you've, shakedowns, McDougal, lister, Hogan, Kevin Winter, Terry Bollea, Bollea, Hulk, Amy Sussman, Lindsay Lohan Davidson, Betty Ford, Lohan, Valerie Macon, Kevin Blatt, Tequila, Charlie Sheen's, Jamie McCarthy, Sheen, Blatt, I've, Anderson, Heidi Gutman, Capri Anderson, I'm Organizations: Service, National Enquirer, Manhattan, Enquirer, Trump, Reuters, Hulk Hogan's, TMZ, Morning America Locations: Manhattan, Sheen, Capri, Anderson
Without saying so specifically, the upshot from Trump’s attorney was that the Trump deals followed a pattern that bordered on extortion. The upshot from Trump’s attorney was that the Trump deals followed a pattern that bordered on extortion. After the lunch break, Trump attorney Susan Necheles said Trump’s legal team feels the gag order is ambiguous about whether Trump can repost article written by lawyers analyzing the trial. During Tuesday’s session, Davidson testified that he ended up getting involved with the Daniels deal because Cohen was being so difficult. “The moral of the story was: No one wanted to talk to Cohen,” Davidson said.
Persons: Donald Trump’s, Stormy Daniels, ” Trump, Emil Bove, Keith Davidson, – Hulk Hogan, Lindsay Lohan, Charlie Sheen, Tila Tequila –, Davidson, Michael Cohen, Daniels, Judge Juan Merchan, Trump, Karen McDougal, Bove, Cohen, McDougal, ” Davidson, Hulk Hogan, , , Hogan, ” Bove, Joshua Steinglass, ” Merchan, Merchan, Chris Conroy, David Pecker, “ He’s, ” Conroy, Conroy, Trump “, Todd Blanche, Blanche, Susan Necheles, “ I’m, Trump’s, , ’ ” Cohen, Daniels “, they’d, ” Prosecutors, Daniels ’, Witnesses, Michael Cohen Davidson, Cohen –, , , I’m, I’ve, ’ ” Davidson, Cohen’s, Pecker, he’s, Hunt Organizations: CNN, Trump, AMI, Bove, Democratic, Locations: Washington
Rumors that the Hollywood star Lindsay Lohan was in rehab. A lawsuit by Hulk Hogan, the former pro wrestler, against the gossip website Gawker for publishing a tape of him having sex. Testimony on Thursday at former President Donald J. Trump’s criminal trial in Manhattan dove deeply into the celebrity-obsessed digital media environment of the past fifteen years or so that helped fuel Mr. Trump’s rise to political prominence. In his testimony, particularly as he was cross-examined, Mr. Davidson and a defense lawyer, Emil Bove, together led the jurors on a whirlwind tour of several gossipy and tawdry deals he had a hand in. Prosecutors say that the former president’s efforts to continue to keep the story hidden were criminal.
Persons: Charlie Sheen, Lindsay Lohan, Hulk Hogan, Donald J, Keith Davidson, Davidson, Emil Bove, Karen McDougal, Stormy Daniels, Trump, Michael D, Cohen Organizations: Hollywood, Prosecutors Locations: Manhattan, Los Angeles
Read previewPlenty of context is required to understand why Taylor Swift and Kim Kardashian are paired in new headlines this week — especially since, to the public's knowledge, they haven't interacted in years. It all started when Kardashian released clips of a phone call between Swift and Ye, without Swift's knowledge or permissionTaylor Swift, Kanye West, and Kim Kardashian at the 2015 Grammys. Kardashian's footage shows the rapper reading Swift the original line, "I feel like Taylor Swift might owe me sex," which she approvingly described as "obviously very tongue-in-cheek." Swift also liked a BuzzFeed headline that argues, "Everyone Owes Taylor Swift An Apology," among others, including a fan-made "Taylor told the truth mood board." AdvertisementIn 2024, Swift's song Thank You Aimee' reignited interest in her fued with KardashianTaylor Swift and Kim Kardashian.
Persons: , Taylor Swift, Kim Kardashian, Swift, Aimee, aIMee, Kardashian, Kardashian's, Kanye West, Ye, Kanye, Larry Busacca, Pablo, Taylor, Beyoncé should've, Beyoncé, Tree Paine, KimExposedTaylorParty, egged, — Kim Kardashian, Rolling Stone, Kardashian Taylor Swift, Kevin Mazur, Dave J Hogan, Dimitrios Kambouris, WireImage, It's, I'm, you've, didn't, Nobody, Paine, Cassandra, Jeff Kravitz, Steve Granitz, FilmMagic Swift, KIM Organizations: Service, Department, Business, Swift, Guardian, Kanye, YouTube, WHO, World Health Organization, America, Poets Department
Her image shifted in 2008 after she launched her eponymous fashion brand, which has since shown regularly at London, New York and Paris Fashion Weeks. While her wardrobe today tends to skew more subtle, there’s still nothing Victoria can’t style out — including, most recently, a pair of crutches to support her broken ankle. LBDs and all-black looks were a mainstay of Victoria's wardrobe as Posh Spice, demonstrated here at Grosvenor House in London during the Ivor Novello Awards in 1997. Andreas Rentz/Getty ImagesHer penchant for color-blocking, particularly in bright reds and oranges, have become a signature feature of Victoria's look — shown here during a visit to New York in 2017. Raymond Hall/GC Images/Getty ImagesShadows of her '90s style are still visible in her wardrobe today.
Persons: Victoria Beckham, David Beckham, Victoria, , ” Victoria, , Ivor Novello, Dave Benett, Dave Hogan, Mick Hutson, Redferns, Jade, David, Chris Eades, Shutterstock, Marc Piasecki, Victoria's, Birkin, Robyn Beck, Suhaimi Abdullah, forgoing, Andreas Rentz, Raymond Hall, Pascal Le Segretain Organizations: CNN, Spice Girl, burberry, Paris, Vogue, Grosvenor House, Spice, Wembley Arena Victoria, VH1, Hulton, Burberry, LA Galaxy, Cannes Locations: England, London , New York, Victoria, Grosvenor, London, Ibiza, Paris, California, AFP, Singapore, New York
The Federal Trade Commission is preparing to sue to block a luxury fashion mega merger, Tapestry’s $8.5 billion takeover of Capri Holdings, two people with knowledge of the matter said. The F.T.C.’s five commissioners are expected to meet next week to discuss the case, a move that could precede a formal vote on whether to file a lawsuit, the people said. The people, who were not authorized to discuss the deliberations, said that it was still possible that the agency could opt not to sue. Monopoly cases in the fashion industry are rare, because there is no shortage of new labels looking to undercut legacy brands. “It is the paradigmatic part of the economy where there is ample competition,” said Howard Hogan, the chair of the fashion, retail and consumer practice at the law firm Gibson Dunn.
Persons: , Kate Spade, Capri’s Versace, Michael Kors, Louis Vuitton’s, , Howard Hogan, Gibson Dunn Organizations: Federal Trade Commission, Capri Holdings, Gucci, Monopoly Locations: American
Read previewLarry Hogan has made $157,000 from paid speeches since the end of his term as Governor of Maryland, according to financial disclosure documents filed on Sunday. Terry McAuliffe at the Self Storage Association's National Spring Conference — came after he launched his GOP Senate campaign on February 9. This story is available exclusively to Business Insider subscribers. AdvertisementRicci told Business Insider on Monday that Hogan does not plan to give any more paid speeches while campaigning for Maryland's US Senate seat. Related storyIndeed, plenty of figures in both parties have given — and faced scrutiny — for paid speeches in the past, the most famous case being Hillary Clinton.
Persons: , Larry Hogan, Terry McAuliffe, Spring Conference —, Governor Hogan, Hogan, Michael Ricci, Ricci, Jordan Libowitz, Hillary Clinton, Mike Rogers, Tom Suozzi Organizations: Service, Virginia Gov, Spring Conference, GOP Senate, Business, Maryland's, Citizens, Responsibility, Washington, GOP Michigan, Democratic, American, Casualty Insurance, National, Housing, LG Ad, Business Council of Canada, Republican, Senate, Senate Republicans Locations: Maryland
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