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☆ Short seller alleges Oddity Tech is misleading investors
▼ + stars: | 2024-05-21 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

A short seller on Tuesday alleged that beauty and wellness company Oddity Tech has been misleading investors and isn't the online-only retailer it's claimed to be. Ningi has a short position in Oddity but didn't disclose the size of that position. Oddity Tech, the parent company of makeup brand Il Makiage and skincare brand Spoiled Child, sold investors on the premise that it's disrupting the legacy beauty industry by changing the way people buy makeup online. Ningi Research is alleging that Oddity is not a purely digital company and that its Il Makiage brand has more than 40 stores in Israel, where the company is based. Oddity previously told CNBC that more than half of its business is from repeat customers.

Persons: it's, Ningi, didn't, ODDITY's, they've, Oran Holtzman, Holtzman, authorizations, We'll, we've Organizations: Tech, CNBC, Ningi, U.S . Ningi, Better Business Locations: Israel, U.S

☆ Nikki Haley goes after Trump and Biden as ‘grumpy old men’ even as she courts older voters in South Carolina
▼ + stars: | 2024-02-06 | by ( Aaron Pellish | Kylie Atwood | ) edition.cnn.com time to read: +16 min

But the Haley campaign is also courting the support of South Carolina retirees, a growing portion of the Republican primary voter pool. She said on Twitter that this was her first Christmas card when she announced she would be running for the South Carolina state legislature. Nikki Haley/Twitter Haley celebrates with her family after being elected governor of South Carolina in November 2010. Chip Somodevilla/Getty Images Haley and her family walk back into the South Carolina State House after her inauguration in 2011. Demetrius Freeman/The Washington Post/Getty Images Haley visits a farm during a campaign stop in Grand Mound, Iowa, in September 2023.

Persons: Hilton, Nikki Haley, ” Haley, Donald Trump’s, Trump, Joe Biden, Haley, Maureen Bulger, intently, ” Bulger, “, ”, Biden, NBC’s, Ron DeSantis, Anna Memmo, it’s, ” Memmo, Ray Makalous, he’s, ” Makalous, Laura Holtzman, “ Trump, ” Holtzman, ” ‘, ’ Haley, aren’t, Larry Greenwold, ” Greenwold, Greenwold, he’d, Travis Dove, Michael, Nalin, Rena, Twitter Haley, Gerry Melendez, AP Haley, Chip Somodevilla, Tim Dominick, Getty Images Haley, Mitt Romney, Justin Sullivan, Alex Wong, Michael Haley, Rainier Ehrhardt, Jaswinder Singh, Narinder Nanu, Bobby Jindal, Jindal, Win McNamee, Sean Rayford, Saul Loeb, Mike Pence, Drew Angerer, State Rex Tillerson, Matthew Rycroft, Boris Johnson, Bryan R, Smith, Raad Adayleh, Brendan Smialowski, Spencer Platt, Evan Vucci, Kevin Lamarque, Don Bolduc, Brian Snyder, Jonathan Ernst, Jake Tapper, Will Lanzoni, Demetrius Freeman, Rachel Mummey, Jonathan Newton, Ed Spears, Spears, ” Spears, Carol Carty, ” Carty, “ It’s, that’s, “ I’ve, Trumper Organizations: , South Carolina CNN, South, Republican, Census Bureau, Biden, Hilton Head, New, Democratic, Republican Party, Trump, Florida Gov, Washington Post, Monmouth University, United Nations, CNN, State House, New York Times, Twitter, AP, Capitol, South Carolina State House, Getty Images, Conservative Political, Conference, Army National Guard, Getty, Louisiana Gov, National Governors Association, Emanuel African Methodist Episcopal Church, United Nations Security Council, UN, State, British, Norwegian Refugee Council, Gali Tibbon, UN Security, West Bank, The United States, Anadolu Agency, Republican National Convention Locations: , South Carolina, South Carolina, New Jersey, United States, New Hampshire, Trump, Iowa, Virginia, Hilton Head, Kansas, New York, CNN’s New Hampshire, Columbia , South Carolina, Afghanistan, Amritsar, India, AFP, Charleston , South Carolina, Columbia, State, Syrian, Jerusalem, Gali, Kuwait, Gaza, Londonderry , New Hampshire, Des Moines , Iowa, Grand Mound , Iowa, Miami

☆ The Collapse of Newspapers Puts Democracy in Peril - The New York Times
▼ + stars: | 2023-11-26 | by ( Serge Schmemann | ) www.nytimes.com time to read: +2 min

The News Tribune was an afternoon paper, which was typical for northern New Jersey, where the big New York papers dominated the mornings. The veteran editors had time to go over articles, and reporting on local scandals, strikes or council meetings offered a crash course on accuracy and fairness. Young reporters usually didn’t stay long — not because of the chiles but because a local paper was the classic starting rung, the apprenticeship, for a career in reporting. But the training was invaluable and the experience unforgettable, especially for the power of reporting to get things done. The candidates in local elections or speakers at school board meetings dealt with matters that made a tangible and immediate difference to readers.

Persons: Elias Holtzman, Young, chiles, George Santos Organizations: News Tribune, North Shore Leader Locations: New Jersey, York, Caribbean, America

The United States Supreme Court building is seen as in Washington, U.S., October 4, 2023. The Supreme Court in 2019 forbade federal courts from intervening in cases involving gerrymandering done for partisan advantage. A group of Black voters sued to block the use of the reconfigured district. "What these plaintiffs in these cases are doing is basically bringing partisan gerrymandering claims and trying to dress them up as if they're racial gerrymandering claims," Torchinsky said. A HEAVY BURDENPlaintiffs in racial gerrymandering cases long have borne a heavy burden.

Persons: Evelyn Hockstein, Leah Aden, Jason Torchinsky, Holtzman Vogel, Nacy Mace, Torchinsky, David Gans, that's, Gans, Nicholas Stephanopoulos, John Gore, Elena Kagan, Kagan, John Kruzel, Will Dunham Organizations: United States Supreme, REUTERS, Rights, U.S, Supreme, Republican, U.S . House, Republicans, Democratic, NAACP Legal Defense Fund, Black, Constitutional, Center, South, Harvard Law, Thomson Locations: Washington , U.S, South Carolina's, Legislative, United States, Carolina's, South Carolina, Stephanopoulos, Gore

☆ Oddity will start trading after pricing IPO above range — here's what the beauty and tech company does
▼ + stars: | 2023-07-19 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

In the three months ended March 31, the company saw $165.7 million in revenue, up from $90.4 million in the year-ago period. It reported net income of $19.6 million, or 35 cents a share, compared with about $3 million, or 5 cents a share, a year earlier. In fiscal 2022, Oddity brought in $324.5 million in sales and saw net income of $21.7 million, or 39 cents a share. In the year prior, the retailer saw $222.6 million in revenue and net income of $13.9 million, or 26 cents a share. In 2020, it saw $110.6 million in sales and net income of $11.7 million, or 22 cents a share.

Persons: Oran Holtzman, Holtzman, Shiran Holtzman, Lindsay Drucker Mann, Goldman Sachs Organizations: Tech, Nasdaq, CNBC, Goldman, Israeli Defense Forces Locations: U.S

☆ AI hype embellishes Il Makiage IPO
▼ + stars: | 2023-07-06 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +3 min

NEW YORK, July 6 (Reuters Breakingviews) - Oddity Tech has a sparkly foundation for its upcoming initial public offering. The Israeli beauty company home to the Il Makiage and SpoiledChild brands is highlighting the artificial intelligence behind its makeup and machine learning algorithms that help consumers pick the right shades. These features should help put a dewy gloss on the valuation before the hype eventually fades. His company sells concealers and eye shadows directly to shoppers online and touts that its technology teams account for 40% of headcount. AI also powers Revela, a biotechnology firm it bought in April that develops new molecules for cosmetics and skincare.

Persons: Boss Oran Holtzman, Revela, It’s, Estee Lauder, Child, Goldman Sachs, Morgan Stanley, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, Nasdaq, Coty, Tech, Allen, Co, Thomson Locations: Israeli, Cava

☆ Beauty and tech company Oddity, which runs Il Makiage, files to go public
▼ + stars: | 2023-06-23 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

Beauty and tech company Oddity, which runs the Il Makiage and Spoiled Child brands, filed to go public Friday as the once-frozen IPO market warms up. In the three months that ended March 31, the company saw $165.65 million in revenue, up from $90.41 million in the year-ago period. In fiscal 2022, Oddity brought in $324.52 million in sales and saw a net income of $21.73 million, or $5.94 a share. In 2020, it saw $110.64 million in sales and a net income of $11.71 million, or $3.45 a share. E.L.F., a multibrand beauty company, saw $144.94 million in sales in fiscal 2014 and a net loss of $2.88 million.

Persons: didn't, Oran Holtzman, Shiran Holtzman, Lindsay Drucker Mann, Goldman Sachs, Child's, Holtzman Organizations: Nasdaq, Goldman, CNBC, Israeli Defense Forces, Technologists Locations: Israel, U.S, Canada, Europe, Australia

☆ Il Makiage parent Oddity buys biotech startup Revela to design new molecules for beauty products
▼ + stars: | 2023-04-27 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +2 min

Oddity is buying startup Revela for $76 million, its largest acquisition to date, and is putting another $25 million toward building Oddity Labs in Boston. The merger will bring to Oddity a team of scientists tasked with creating brand-new molecules, using artificial intelligence, that can be used in its cosmetics brands and future lines. AI-based molecule discovery is a common tool used in the pharmaceutical industry to create new drugs, but it isn't widely used in the beauty and wellness industry. Legacy brands have long relied on building products using proprietary formulations with a similar set of active ingredients, such as retinol, hyaluronic acid and peptides. "With this acquisition, we are using biologics to bring game-changing, science-backed beauty and wellness products to the market and to our users.

☆ This startup found success using A.I. to build beauty products. But can it keep making money?
▼ + stars: | 2023-03-01 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +7 min

Oddity Il Makiage Coutesy: OddityOddity — the direct-to-consumer beauty and wellness platform known for its ubiquitous Il Makiage social media ads — is making money and growing in an environment that's increasingly risky for purely digital retailers. Since its U.S. launch in 2018, Oddity has achieved profitability, the company said, making $380 million in gross sales in 2022. In Spoiled Child's first year on the market, the new brand brought in $48 million in gross sales. Oddity builds out new products and brands by using its tech to figure out what customers are looking for. Oddity is in the process of integrating the tech into its Il Makiage powermatch quiz to improve accuracy.

☆ Trump Org is battling prosecutors over 3 little words that could swing the New York tax-fraud trial
▼ + stars: | 2022-11-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

It's not enough, they'll be told, for Trump Org executives to get caught selfishly stuffing their pockets. Prosecutors, meanwhile, find the three words so worrisome, they asked the judge — unsuccessfully — to strike them from the case entirely. In defense of their love or hate of the three words, the sides have cited a gamut of arcane case law and other source material. Holtzman — who, as a US Congresswoman, voted to impeach Richard Nixon — is the author of "The Case For Impeaching Trump." Much of the case law being cited, the judge said, was not quite on point, including the bilge and thermometer decisions.

The jury in Kevin Spacey's sexual abuse trial found that the Oscar-winning actor is not liable for battery against “Star Trek: Discovery star” Anthony Rapp. Rapp alleged that Spacey climbed on top of him at a party in New York City in 1986, when Rapp was 14 and Spacey was 26. “I didn’t ask for him to do that,” he told jurors, referring to Spacey’s alleged sexual advance. Rapp alleged that sometime after that evening, Spacey invited him to a party at his apartment. Rapp testified that he did not recognize anyone at the party, so he went into a bedroom to watch television.

☆ Kevin Spacey denies Anthony Rapp's allegation and testifies about 'terrifying' upbringing as the son of a 'neo-Nazi'
▼ + stars: | 2022-10-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Daniel Arkin | ) www.nbcnews.com time to read: +5 min

In a significant development Monday, the judge overseeing the trial tossed out Rapp's claim for intentional infliction of emotional distress. Judge Lewis A. Kaplan said that claim "repeats and re-alleges" Rapp's allegation of battery. The actor testified that he "certainly had a degree of shame" about being gay because he grew up with his father's hateful views. Spacey is expected to rebut Rapp's allegation of sexual misconduct on Monday afternoon following a roughly hour-long lunch break. Rapp testified that Spacey invited him to a party at his apartment.

☆ The dirty little secret on how congressional staff thrive in the always-on world of modern politics is doing moonlight work like 80-hour weeks, including unpaid Saturdays and Sundays
▼ + stars: | 2022-06-04 | by ( Kimberly Leonard | Warren Rojas | Camila Dechalus | ) www.businessinsider.com time to read: +21 min

Some tasks included connecting with local reporters and coordinating messaging with partner political outfits such as EMILY's List and the Democratic Congressional Campaign Committee. That helped her boss' official congressional office save money it could then spend elsewhere, but it did nothing to help her own financial situation. Congressional staffers have used social-media accounts such as Dear White Staffers to spotlight professional burnout, inadequate pay, long hours, diversity failings, and caustic bosses. For example, one of the rules says a congressional staffer working in a congressional office must step outside the office to do campaign work. Or, if there is compensation offered — which isn't guaranteed — they may desperately need the additional money to supplement the low pay for congressional staff."

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