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☆ Trump continues his revenge tour against pro-DeSantis lawmakers
▼ + stars: | 2024-05-28 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

DeSantis and Good later endorsed Trump, who will formally receive the GOP's presidential nomination in July. Advertisement"Thank you President Trump for endorsing my campaign for Congress!" Before Trump endorsed McGuire, Good had gone to great lengths to appear close to the former president. Trump's most successful revenge tour has been against the 10 House Republicans who voted to impeach him for inciting the January 6, 2021, Capitol riot. Last month, Trump endorsed a primary challenger to one of those two, Rep. Dan Newhouse of Washington.

Persons: —, Donald Trump, Bob Good, Trump, Ron DeSantis, DeSantis, Sen, John McGuire, McGuire, Good, Matt Gaetz's, Kevin McCarthy, McCarthy, Tony Gonzales, Chip Roy, Texas, Roy, Dan Newhouse Organizations: Service, Truth, Business, Caucus, Florida, Save, Trump, Republicans, Republican, Democrats, GOP, Capitol, Dan Newhouse of Washington Locations: Virginia, New York City, Manhattan, Florida, Tony Gonzales of Texas, Dan Newhouse of

☆ SEC embrace of ether ETFs highlights cryptocurrency's shifting political fortunes
▼ + stars: | 2024-05-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The newly opened door to ether ETFs is part of a larger story that dominated cryptocurrency markets last week: the industry's political tides appear to be shifting in its favor. Expectations of an approval were low as the week began, but flipped completely and suddenly last Monday — sending ether up 20% . Many are hailing FIT 21 as a landmark victory for the industry. "I'd be surprised if FIT 21 or something like it actually becomes law this year," said Thorn. It does portend a sweeping change in [the] Democratic leadership approach to this industry, and that can only help crypto."

Persons: Biden, Donald Trump, Rachel Lin, Oppenheimer, Owen Lau, Lau, Alex Thorn, didn't, Kirsten Gillibrand, Cynthia Lummis, I'd Organizations: Securities and Exchange Commission, SEC, Representatives, SAB, Innovation, Technology, Futures Trading Commission, CNBC, Galaxy Digital, Senate, Gillibrand, Democratic

☆ Inside the Factory Supplying Half of Africa’s Syringes
▼ + stars: | 2024-05-27 | by ( Apoorva Mandavilli | Brian Otieno | ) www.nytimes.com time to read: +1 min

On the stunning Kenyan coast, about halfway between 15th-century ruins and the vibrant city of Mombasa, a small factory is helping to achieve one of Africa’s biggest health care goals: self-reliance. With fewer than 700 employees, Revital Healthcare makes 300 million syringes a year, enough to meet more than half of Africa’s routine immunization needs. In the throes of the coronavirus pandemic, when governments were faced with vaccinating millions of people amid severe shortages, Revital shipped syringes to Sri Lanka, Sweden, the United Arab Emirates and Uzbekistan — and even sent 15 million syringes to India, said Roneek Vora, the company’s director of sales and marketing. “This is the first time ever in the life of Africa that a medical industry is exporting syringes to India, when we know India is a powerhouse of syringe manufacturing,” Mr. Vora said. “This was a very big deal for us — it broke a lot of barriers,” he added.

Persons: Roneek Vora, Mr, Vora Organizations: Kenyan, Revital Healthcare, United Arab, Uzbekistan — Locations: Mombasa, Sri Lanka, Sweden, United Arab Emirates, Uzbekistan, India, Africa

☆ French Open Day 1 recap: Moutet magic, Osaka’s grit, vintage Gasquet
▼ + stars: | 2024-05-26 | by ( James Hansen | ) www.nytimes.com time to read: +6 min

Match of the day: Corentin Moutet vs Nicolas JarryOne normal day of Corentin Moutet, that’s all we ask. 🇬🇧 Andy Murray, 6-4, 6-4, 6-2🇬🇧 Andy Murray, 6-4, 6-4, 6-2 🇺🇦 Marta Kostyuk (18) def. 🇺🇸 JJ Wolf, 6-1, 6-2, 6-1🇺🇸 JJ Wolf, 6-1, 6-2, 6-1 🇺🇦 Dayana Yastremska (30) def. 🇨🇱 Alejandro Tabilo, 3-6, 7-6(5), 6-2, 6-2🇨🇱 Alejandro Tabilo, 3-6, 7-6(5), 6-2, 6-2 🇱🇻 Jelena Ostapenko (9) def. 🇷🇴 Jaqueline Cristian, 6-4, 7-5🇷🇴 Jaqueline Cristian, 6-4, 7-5 🇫🇷 Richard Gasquet def.

Persons: Roland Garros, Mathieu, Nicolas Jarry, Corentin, Jerry Shang, Mathieu —, Chilean Nicolas Jarry, Moutet, Dimitar Dilkoff, Jarry, He’s, he’s, Daniel Altmaier’s, Laslo, Altmaier, topsy turvy, Lucia Bronzetti, Naomi Osaka, Lucia Bronzetti’s, Philippe, Chatrier, Bronzetti, Frey, Kei Nishikori, Gabriel Diallo, Diallo, Nishikori, Novak Djokovic, Dan Istitene, Barbora, Golubic, Richard Gasquet, Andy Murr, goss, 6-3,, 7-5, 🇷 Rich, vs 🇺🇸, Philipp e, (15) Ben S helton Organizations: Jarry, Getty, Lucia, Osaka Locations: Madrid, Chilean, Santiago, Paris, AFP, Osaka, Bor

☆ Former SEC chief Jay Clayton breaks down approval of spot ether ETF applications
▼ + stars: | 2024-05-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer SEC chief Jay Clayton breaks down approval of spot ether ETF applicationsJay Clayton, former SEC chairman, joins 'Squawk Box' to discuss the SEC's decision to approve spot Ether ETF applications, what's different about this round of the ETF applications, and if the SEC's news is related in any way to the crypto bill passed in the House of Representatives.

Persons: Jay Clayton Organizations: Former SEC, SEC

☆ Trump’s Pattern of Sowing Election Doubt Intensifies in 2024
▼ + stars: | 2024-05-24 | by ( Karen Yourish | Charlie Smart | ) www.nytimes.com time to read: +8 min

Trump’s Pattern of Sowing Election Doubt Intensifies in 2024Former President Donald J. Trump has baselessly and publicly cast doubt about the fairness of the 2024 election about once a day, on average, since he announced his candidacy for president, according to an analysis by The New York Times. A line chart shows the number of times Donald J. Trump cast doubt on the fairness or integrity of the election during the 2016, 2020, and 2024 election cycles. Mr. Trump first raised questions about the 2016 election in August of that year, about 100 days before the election. About six weeks before Election Day in 2020, Mr. Trump refused to commit to a peaceful transfer of power. “We want to make sure that the election is honest, and I’m not sure that it can be,” Mr. Trump said.

Persons: Donald J, Trump, Trump’s, —, Long, Biden, “ weaponizing, ”, ” Mr, General Merrick B, we’re, “, TRUMP, “ You’ve, Hillary Clinton, Mr, I’m, ” —, I’ll, it’s Organizations: The New York Times, Trump, Mr, United States Capitol, White, Justice Department, Republican, Democratic, Electoral College, House, Milwaukee Journal Sentinel Locations: Florida, Georgia, Manhattan, Ukraine

☆ Newsmax denies destroying evidence in 2020 defamation case after Smartmatic alleges ‘cover-up’
▼ + stars: | 2024-05-24 | by ( Marshall Cohen | ) edition.cnn.com time to read: +5 min

Smartmatic and Newsmax have since been embroiled in the years-long defamation case, which is slated to go to trial this September in Delaware Superior Court, barring an out-of-court settlement. Smartmatic further accused Newsmax of intentionally “destroying relevant evidence” by deleting texts and emails from senior officials. Fox News famously paid more than $787 million to Dominion Voting Systems to settle a case last year over similar 2020 election lies on its airwaves. A trial could put Newsmax’s financial future in peril, but there is one major difference between the Newsmax and Fox cases. The network denies wrongdoing and maintains that its 2020 election coverage is protected by the First Amendment.

Persons: Smartmatic, “, ”, Newsmax, Donald Trump, Joe Biden, Rudy Giuliani, Mike Lindell, Chris Ruddy, ” Smartmatic, hadn’t, Biden, Ruddy, isn’t, Fox, Eric Bolling, Greta Van Susteren, Sebastian Gorka, Clinton, Dick Morris, ” Newsmax Organizations: Delaware CNN, Newsmax, Trump, Fox News, Delaware Superior Court, ”, Dominion Voting Systems, Fox, Trump White House, Dominion Locations: Wilmington, Delaware, Delaware Superior

☆ Microsoft’s UAE deal could reportedly involve transfer of key U.S. chips and AI technology abroad
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: +3 min

U.S. officials have said that AI systems could pose national security risks, for example by making it easier to engineer chemical, biological and nuclear weapons. The Biden administration in October required the makers of the largest AI systems to share details about them with the U.S. government. Microsoft executives said the agreement has safeguards to protect Microsoft's technology and prevent it from being used by Chinese entities to train AI systems. The Commerce Department already requires notifications and, in several regions, export licenses to send AI chips abroad. Microsoft executives said the company welcomes a debate on a new legal framework governing the transfer of AI technology and that the deal with G42 requires the UAE firm to comply with U.S. regulations as they evolve.

Persons: Brad Smith, Smith, Biden, Michael McCaul, we're Organizations: Microsoft, United Arab, Reuters, U.S ., U.S . Department of Commerce, U.S . House, Commerce Department Locations: Madrid, Spain, United Arab Emirates, U.S, UAE

☆ Is Modi Worried? India’s Long-Deflated Opposition Finds Some Momentum.
▼ + stars: | 2024-05-23 | by ( Mujib Mashal | Pragati K.B. | ) www.nytimes.com time to read: 1 min

Prime Minister Narendra Modi entered India’s general election projecting supreme confidence. “Ab ki baar, 400 paar” went his party’s slogan, meaning this time his side aimed to surpass 400 seats in the lower house of Parliament, a staggering majority. But as the seven-week voting period enters its final stretch, with results expected on June 4, India is witnessing something unusual from its powerful leader. As Mr. Modi crisscrosses the country for rallies in 100-degree heat, he has often appeared on the defensive, and sometimes rattled. He has resorted to stoking anti-Muslim sentiments to fend off attempts to split his Hindu support base, only to deny his own words later.

Persons: Narendra Modi, paar ”, Modi, — Locations: India

☆ Opinion: What Alito’s flag controversies say about the Supreme Court
▼ + stars: | 2024-05-23 | by ( Julian Zelizer | ) edition.cnn.com time to read: +6 min

CNN —If Chief Justice John Roberts is really an institutionalist — someone deeply concerned about the integrity of the Supreme Court and public perceptions about it — then he has a big problem on his hands. The discovery also comes at a time when the Supreme Court will be making a decision about Trump’s claims of sweeping presidential immunity, his get-out-of-jail-free card for the federal cases he faces. The notion that the Supreme Court can be trusted to be an arbiter above partisan politics has suffered major blows in recent years. Supreme Court decisions have not been the only issue. The Alito flag controversy is another blow to the image of the court.

Persons: Julian Zelizer, ”, John Roberts, —, Samuel Alito —, Donald Trump, Alito, Alito hasn’t, Trump, SCOTUS, “, Dobbs, Roe, Wade, Clarence Thomas ’, Virginia Thomas, Thomas ’, Roberts, George W Organizations: CNN, Princeton University, Twitter, Supreme, New York Times, Jackson, Health, Annenberg Public, Center, Pew Research Center, Republican Locations: New Jersey, Virginia, Vietnam, Florida

☆ A key ether ETF deadline arrives, but SEC's Gensler won't tip his hand on approval or denial
▼ + stars: | 2024-05-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Circuit ruled against the SEC's denial of spot bitcoin ETFs, the regulatory agency "pivoted" and approved those funds in January. The bill sets up a regulatory framework for crypto assets. Gensler said crypto assets — and exchanges in particular exchanges — do not meet this test: "This field is not decentralized. He said crypto exchanges are "operating in ways that are conflicted in ways that traditional exchanges [are not]. Gensler says he is not against financial innovation The SEC chairman pushed back against the claim he was against financial innovation.

Persons: Gary Gensler, Eric Pan, Gensler, Joe Biden's, Pan, We'd Organizations: SEC, U.S . Securities, Exchange Commission, Investment Company, ICI Leadership Summit, U.S ., Appeals, Representatives, Innovation, Technology, Century, Futures

☆ Senate Democrats launch investigation into alleged Trump ‘quid pro quo’ with oil executives
▼ + stars: | 2024-05-23 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +3 min

CNN —Senate Democrats have launched an inquiry into recent reports that Donald Trump offered oil executives the reversal of some of President Joe Biden’s climate policies upon the former president’s reelection in exchange for campaign contributions. The committees are seeking “descriptions of policy proposals discussed” and “materials distributed to any attendees” at the event. “Time and time again, both Mr. Trump and the U.S. oil and gas industry have proved they are willing to sell out Americans to pad their own pockets,” Sens. In his first term, Trump overturned more than 100 environmental rules and actions put in place by the Obama administration. Trump has vowed that if he’s reelected he will reverse those actions and boost fossil fuels, and oil and gas drilling.

Persons: Donald Trump, Joe Biden’s, Trump, Sens, Ron Wyden, Sheldon Whitehouse, Biden, ”, ” Trump, Karoline Leavitt, Obama, he’s, CNN’s Morgan Rimmer, Kate Sullivan, Ella Nilsen, Jeremy Herb Organizations: CNN, Democrats, Senate Finance, ExxonMobile, Chevron, Oregon, Big, The Washington Post, Trump Locations: U.S, Rhode, The, Lago

☆ House passes first crypto bill: Here's what you need to know
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHouse passes first crypto bill: Here's what you need to knowRep. Patrick McHenry (R-N.C.) joins 'Squawk Box' to discuss the House of Representatives' latest passage of a first-of-its-kind cryptocurrency bill, the odds of the bill's passage in the Senate, and more.

Persons: Patrick McHenry Organizations: Email House, Senate

☆ Abortion Pills May Become Controlled Substances in Louisiana
▼ + stars: | 2024-05-22 | by ( Pam Belluck | Emily Cochrane | ) www.nytimes.com time to read: +1 min

Louisiana could become the first state to classify abortion pills as dangerous controlled substances, making possession of the pills without a prescription a crime subject to jail time and fines. A bill that would designate the abortion pills mifepristone and misoprostol as Schedule IV drugs — a category of medicines with the potential for abuse or dependence — passed the state’s Republican-controlled House of Representatives on Tuesday by a vote of 63 to 29. The measure — which would put abortion pills in the same category as Xanax, Ambien and Valium — contradicts the way the federal government classifies mifepristone and misoprostol. The federal Food and Drug Administration does not consider abortion pills to be drugs with the potential for dependence or abuse, and decades of medical studies have found both to be overwhelmingly safe. Pregnant women would be exempt from those penalties; most abortion bans and restrictions do not punish pregnant women because most voters oppose doing so.

Persons: Jeff Landry, — Organizations: Republican, Gov, Food and Drug Administration Locations: Louisiana

The tornado had just hit Greenfield, Iowa, and residents were already using skid loaders to clear streets. With the hospital damaged, they took the wounded to a medical triage center at the local lumberyard. And across western Iowa, paramedics and police officers were speeding toward the small town to help. “Everybody became little makeshift ambulances,” said Ray Sorensen, a member of the Iowa House of Representatives who lives in Greenfield, and who said he helped with the rescues after racing back to town shortly after the storm hit on Tuesday afternoon. Kim Reynolds said some areas had been “flattened into debris,” and the National Weather Service reported “at least EF-3 damage” in the town, using the 0-to-5 rating system for tornado severity.

Persons: ”, Ray Sorensen, Kim Reynolds Organizations: Iowa, Gov, National Weather Service Locations: Greenfield , Iowa, Iowa, Greenfield, Des Moines

☆ New York Times: Another controversial flag spotted outside an Alito property
▼ + stars: | 2024-05-22 | by ( John Fritze | ) edition.cnn.com time to read: +3 min

Citing photographs and interviews with neighbors, the Times reports that the “Appeal to Heaven” flag was seen on display at his property last summer. It’s the second revelation in as many weeks about a controversial display outside Alito’s property. Like the inverted US flag, the Appeal to Heaven flag – also known as the Pine Tree flag – was seen during the attack on the Capitol. House Speaker Mike Johnson faced blowback for displaying the same flag outside his office last year before assuming the leadership post. An "Appeal to Heaven" flag is seen outside Speaker Mike Johnson's personal office in the Cannon House Office Buiding on Wednesday, May 22.

Persons: Samuel Alito’s, Donald Trump, ”, Alito, Shay Horse, –, Mike Johnson, Johnson, “, George Washington’s, I’ve, ” Johnson, Mike, Trump, Texas Sen, Ted Cruz, CNN’s Kaitlan Collins, Jim Jordan, Judge Thomas –, Judge Kavanaugh, ” Jordan, CNN’s Manu Raju, CNN’s Piper Hudspeth Blackburn, Morgan Rimmer, Manu Raju Organizations: CNN, Capitol, New York Times, Times, Trump, Capitol ., Cannon, Texas, ” Locations: New Jersey, Virginia, Washington , DC

☆ Craig Mackinlay, UK lawmaker who lost four limbs to sepsis, returns to Parliament
▼ + stars: | 2024-05-22 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

London CNN —British lawmaker Craig Mackinlay has received a standing ovation in Parliament as he returned to the House of Commons after undergoing a quadruple amputation following a sepsis infection. The life-threatening condition requires urgent medical care to prevent organ damage and death. Mackinlay’s wife, Kati Mackinlay, told GB News that doctors told her he had only a 5% chance of survival, but she remained hopeful. “I always knew that Craig would pull through and he did.”The operation, in which his arms were amputated from the elbow and his legs from the knee, took around 4-5 hours, Mackinlay told GB News. “Get back into the saddle, get back into Parliament, get back doing the things I enjoy,” he told GB News.

Persons: Craig Mackinlay, Victoria Jones, ”, Mackinlay, Jessica Taylor, it’s, he’s, Kati Mackinlay, “, Craig Organizations: London CNN, Conservative, BBC, US Centers for Disease Control, Reuters Locations: South Thanet, England

☆ Kenyan President’s State Visit: An Antidote to U.S. Troubles in Africa?
▼ + stars: | 2024-05-22 | by ( Declan Walsh | ) www.nytimes.com time to read: +1 min

As other African nations move away from the United States, disillusioned with democracy or lured by rival powers, President William Ruto of Kenya arrives in Washington on Wednesday for a three-day state visit intended to showcase a stalwart American ally on the continent. Relations with once-firm American allies like South Africa and Ethiopia are decidedly cool. Mr. Ruto, the Biden administration hopes, is the antidote to those troubles. Since he came to power two years ago, Mr. Ruto, 57, has pulled Kenya, the economic powerhouse of East Africa, ever closer to the United States. His visit is just the sixth state visit hosted by the Biden administration, and the first for an African president since 2008.

Persons: William Ruto, Ruto, Biden Locations: United States, Kenya, Washington, American, Russia, China, Niger, South Africa, Ethiopia, Senegal, East Africa

☆ In the House of Psychiatry, a Jarring Tale of Violence
▼ + stars: | 2024-05-21 | by ( Ellen Barry | ) www.nytimes.com time to read: +1 min

The annual gathering of the American Psychiatric Association is a dignified and collegial affair, full of scholarly exchanges, polite laughter and polite applause. Then his wrists and ankles were cuffed to the sides of a stretcher, and his pants were yanked down. They gave him injections of Haldol, an antipsychotic medication he had repeatedly tried to refuse, as he howled in protest. One recent study, using 2017 data from the Centers for Medicare and Medicaid Services, estimated the number of restraints per year at more than 44,000. Researchers who surveyed patients about restraint and seclusion have found that a large portion, 25 to 47 percent , met criteria for post-traumatic stress disorder.

Persons: Jacob K, Matthew Tuleja Organizations: American Psychiatric Association, Javits Convention, Division, Centers, Medicare, Services Locations: Manhattan

☆ Trump removes video referencing ‘unified Reich,’ but his Nazi allusions are long-standing
▼ + stars: | 2024-05-21 | by ( Stephen Collinson | ) edition.cnn.com time to read: +6 min

CNN —Donald Trump dabbles in Nazi allusions too often for it to be a coincidence. But the term “Reich,” which means a kind of empire, is also synonymous with the later Third Reich of Adolf Hitler’s Nazi Germany. Some of Trump’s rhetoric suggests an ignorance of history and his own self-obsession. Some of Trump’s rhetoric seems designed to get a rise from his opponents and the media. And as extreme as a second Trump term might be, the Nazi Germany comparison feels extreme.

Persons: Donald Trump dabbles, Reich, Adolf Hitler’s, Trump, Joe Biden, Hitler, Mein, hasn’t, Donald Trump’s, Donald J, Trump Trump, John Kelly, CNN’s Jim Sciutto, Powers, ” Kelly, “, ’, ” Sciutto, Kelly, Steven Cheung, John Bolton, He’s, Biden, ”, Viktor Orbán, Vladimir Putin’s Organizations: CNN, GOP, Trump, Truth, White House, Nazi, Baby Boomers Locations: Adolf Hitler’s Nazi Germany, Gestapo, United States, Charlottesville , Virginia, Boston, Nazi Germany, Hungarian, Russian, Ukraine, Israel, Gaza, Eastern Europe, Nazi, Normandy

☆ South Carolina Bans Gender Transition Care for Minors
▼ + stars: | 2024-05-21 | by ( Adeel Hassan | ) www.nytimes.com time to read: +2 min

The state now joins about two dozen others that have passed laws restricting or banning what doctors call gender-affirming care for minors. BackgroundSouth Carolina lawmakers tried to pass similar legislation in 2021 and 2022 but failed to get them through the State House of Representatives. In 2022, the clock ran out on a broader bill banning transition care for minors, but lawmakers put a clause in the state budget that banned a pediatric clinic at a public hospital from using state funds on transition care for people under 16. The measure, known as House Bill 4624, was passed by the legislature earlier this month. She added that gender-transition surgery was currently not being performed in South Carolina, and that transition care was being done only after much deliberation between doctors, parents and children.

Persons: Henry McMaster, McMaster, Elizabeth Mack, ” Organizations: South Carolina’s Republican, State, of, Republicans, South, American Academy of Pediatrics Locations: Carolina, South Carolina

☆ Can Republicans Embrace Voting by Mail? Pennsylvania Offers a Test.
▼ + stars: | 2024-05-21 | by ( Michael Wines | ) www.nytimes.com time to read: 1 min

When voters turned out in February to fill a vacant seat in the Pennsylvania House of Representatives, the stakes were nothing less than control of the chamber, which Democrats held by a single seat. But as Election Day dawned, a nor’easter dumped several inches of snow, stranding would-be voters at home. Bad luck dogged others: One woman backing Ms. Cabanas skipped the polls after she fell ill and was rushed to the hospital. Ms. Cabanas’s Democratic opponent faced similar hurdles but had one advantage: More than 3,300 of his voters had mailed in their ballots early. Ms. Cabanas could count only 532.

Persons: Candace Cabanas, Cabanas, Cabanas’s Organizations: Republican, Cabanas’s Democratic Locations: Pennsylvania

☆ FDIC chairman Martin Gruenberg to resign following investigations into sexual harassment at the bank regulator
▼ + stars: | 2024-05-21 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

The report also probed FDIC chairman Martin Gruenberg's strong temper. Staying in office would prevent FDIC vice chairman Travis Hill, a Republican, from becoming the agency's acting chairman. The White House said that President Joe Biden would soon nominate a new FDIC chairman and that it expects the Senate to move quickly to confirm the nominee. "I accept the findings of the reports and as chairman, I take full responsibility to anyone who has experienced sexual harassment, discrimination or other misconduct at the FDIC," Gruenberg said at the hearing. Investigators said they set up a hotline in mid-January and received more than 500 complaints — largely from current employees — about sexual harassment, discrimination, and other issues.

Persons: —, Martin Gruenberg's, Gruenberg, Travis Hill, Joe Biden, Cleary Gottlieb Steen, Hamilton Organizations: Service, Federal Deposit Insurance Corporation, Business, Democratic, Wall Street, Republican, Journal, Senate, FDIC

☆ WBD's streaming chief JB Perrette reveals the plan to get Max growing
▼ + stars: | 2024-05-21 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Discovery's Max was supposed to become a Netflix killer when it rolled out a year ago. It combined HBO Max's prestige originals with Discovery+'s reality TV fare to capture viewers as they migrate away from WBD's bedrock traditional TV business. Related storiesGiven its low penetration, it's possible that Max can add tens of millions of subscribers, he said. WBD execs hope the crackdown will encourage people to subscribe to the three-in-one bundle of Max, Disney+, and its sister app, Hulu. While the overlap between Netflix and Disney+ is high, about half of Disney+ subscribers don't subscribe to Max, and vice versa, so each has a chance to significantly increase its audience.

Persons: —, Discovery's Max, WBD, Max, hasn't, JB Perrette, Perrette, We're Organizations: Service, Warner, Netflix, HBO, Disney, Hulu, Business, Nielsen, Vodafone, Amazon, Paris Olympics, Cartoon Network Locations: WBD, Orange

☆ Over 100 basic-income pilots have run in US cities. Now states are getting creative to fund no-strings-attached cash payments.
▼ + stars: | 2024-05-21 | by ( Allie Kelly | ) www.businessinsider.com time to read: +12 min

Basic income has become a trending strategy to combat poverty in cities nationwide. ARPA funds have been used to partially or fully fund most US basic-income pilots so far, but funds are set to expire. While philanthropy and nonprofit work have been central to basic-income pilots, they are not always a long-term or large-scale funding solution. More GBI programs are electing to focus on specific groups of participants, like low-income parents with children and foster youth. The program is funded through the Temporary Aid to Needy Families Program (TANF), an existing federal cash assistance program for low-income families.

Persons: —, Michael Tubbs, Tubbs, It's, Tubbs —, GBI —, Marcela Díaz, let's, Díaz, Teri Olle, Olle, John Gillette, Ken Paxton, Dustin Palmer, GiveDirectly, Palmer, Shafeka Hashash, Hashash, Hashah, GBI Organizations: Service, Business, SNAP, Medicaid, Somos Un, Somos Un Pueblo Unido, Economic Security, New, New Mexico House, California Senate, Republican, South Dakota Republicans, ARPA, Pew Charitable Locations: Stockton , California, Durham , North Carolina, Birmingham, Chicago, Antonio, San Antonio, Denver, Seattle, California, New Mexico, State, Mexico, Somos, Somos Un Pueblo, Economic Security California, Arizona, Iowa, Harris County , Texas, Flint , Michigan

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