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☆ Op-ed: Here’s why a sale of Bausch + Lomb could lead to a windfall for Bausch Health investors
▼ + stars: | 2024-09-17 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Bausch + Lomb parent company Bausch Health is spinning off the eye-care company with an upcoming IPO which will list on the New York Stock Exchange and TSX with the ticker symbol “BLCO”. This would greatly benefit BLCO stockholders, of which Bausch Health is the largest. As an 88% owner of BLCO, Bausch Health's value derived from such a sale would be $12.32 billion. Adding the value of the proceeds from BLCO sale, the Xifaxan cash flows and RemainCo yields a total value of $25.93 billion for Bausch Health. After subtracting 100% of the Bausch Health debt, that would yield an equity value of $10.49 billion or $28.19 per share.

Persons: Bausch, Scott Olson, Richard Mulligan, John Paulson, Brett Icahn, Steven Miller, Carl Icahn, BLCO, Goldman Sachs, Bausch Health's, Peers, InMode, Takeda, Gary Hu, Brent Saunders, Ken Squire Organizations: Bausch Health, New York Stock Exchange, TSX, U.S . Securities, Exchange, Financial Times, Cooper Companies, BLCO, Products, Takeda Pharmaceuticals, Ironwood Pharmaceuticals, Health, 13D Locations: CHICAGO , ILLINOIS, Chicago , Illinois, BLCO

☆ K-pop is more popular than ever, but that isn't helping agency stock prices
▼ + stars: | 2024-09-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

Hybe Corporation is the largest and listed on the blue-chip Kospi, while SM Entertainment, JYP Entertainment and YG Entertainment are on the small-cap Kosdaq. Physical sales have historically accounted for the lion's share of a label's revenue, Kim said, and has also been the most profitable segment. High physical sales, she explained, represent the number of fans, which, by extension, quantifies the addressable market for a company. watch nowDeclining physical album sales not only hits earnings, but also raises questions about whether the investment thesis of "continual high growth" has collapsed. "A physical album is useless and even a burden because it occupies space.

Persons: Jimmy Fallon, Hybe, Yoon Suk Yeol, Danielle, Hyein, NewJeans, Gary Miller, Blackpink, Kim Gyuyeon, Lisa, Jennie, Emma McIntyre, Emma Mcintyre, Kim, Simply, Mirae's Kim Organizations: NBC, NBCUniversal, Getty, Hybe, SM Entertainment, JYP Entertainment, YG Entertainment, SM, YG, YouTube, Spotify, CNBC, Park, Filmmagic, Coachella, London's, Big, Mirae Asset Securities, BTS, Valley Music, Arts Festival, JYP, Seoul Economic, South Locations: United States, Southeast Asia, Korean, CHICAGO , ILLINOIS, Chicago , Illinois, South, U.K, INDIO , CALIFORNIA, Indio , California, Seoul

☆ K-pop stocks have sold off this year, but Goldman sees a turnaround
▼ + stars: | 2024-04-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

Goldman Sachs, however, expressed optimism for the industry in a March 14 report, saying the K-pop sector is "misunderstood." Nonetheless, Goldman Sachs said it sees a "high potential for valuation re-rating," as companies still continue to deliver multi-year earnings growth. Goldman pointed out that Japan's top talent agency Johnny & Associates has been mired in a major scandal, leading to the industry turning more favorable to K-pop artists. In 2023, Kouhaku Uta Gassen, the largest music show in Japan, invited five K-pop artists and two localized groups produced by K-pop companies. It was the first time the show has featured male K-pop artists since 2011 and the largest number of K-pop groups ever featured in its line up.

Persons: Danielle, Hyein, NewJeans, Gary Miller, Goldman Sachs, Karina, Goldman, Kouhaku Uta Gassen Organizations: Park, Filmmagic, JYP, YG Entertainment, SM Entertainment, Hybe, SM, Johnny, Associates Locations: CHICAGO , ILLINOIS, Chicago , Illinois, Japan, U.S

☆ Pilots got their payday. Now flights attendants are pushing airlines for higher wages
▼ + stars: | 2024-02-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

CHICAGO, ILLINOIS - JANUARY 24: American Airlines workers picket at O'Hare International Airport on January 24, 2023 in Chicago, Illinois. The workers, mostly flight attendants with the Association of Professional Flight Attendants (APFA), were picketing to demand better working conditions as their contract negotiations continue. (Photo by Scott Olson/Getty Images)Airline pilots won pay raises worth billions of dollars in new labor deals last year. Flight attendants from United Airlines , American Airlines , Southwest Airlines , Alaska Airlines and others picketed Tuesday at dozens of airports around the U.S., demanding higher wages and a better quality of life. American and other carriers told CNBC they are optimistic that they will reach agreements with their flight attendants in the coming months.

Persons: Scott Olson, Sara Nelson Organizations: American Airlines, Association of Professional, United Airlines, Southwest Airlines, Alaska Airlines, Association of Flight, CWA, United, autoworkers, UPS, haven't, CNBC, Labor Locations: CHICAGO , ILLINOIS, Chicago , Illinois, United, U.S

☆ New tests confirm antiquity of ancient human footprints in New Mexico
▼ + stars: | 2023-10-05 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

A 2021 study by these researchers also dated the footprints, based on tiny plant seeds embedded in the sediment alongside them, to about 21,000 to 23,000 years ago. This paper is that corroborative exercise," added study co-lead author Kathleen Springer, also a USGS research geologist in Denver. Scientists believe our species entered North America from Asia by trekking across a land bridge that once connected Siberia to Alaska. The researchers also used optically stimulated luminescence dating to determine the age of quartz grains within the footprint-bearing sediments. "And just like today, if anyone walks in a similar setting, their footprints are preserved if they are covered with another layer of sediment," Springer added.

Persons: Jeff Pigati, Kathleen Springer, sapiens, Matthew Bennett, Bennett, Pigati, Springer, Will Dunham, Rosalba O'Brien Organizations: Sands, U.S . Geological Survey, Scientists, North America, Bournemouth University, Thomson Locations: North America, New Mexico, Illinois, Denver, Africa, Asia, Siberia, Alaska, North, England

☆ Tight supply is driving home values up. Here are the price and inventory changes by state over last year, according to a real-estate analytics company.
▼ + stars: | 2023-06-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

National median closing prices for single-family homes have been on the rise for the last 13 weeks. The major contributor to the upward price pressure is a lack of inventory, says Brandon Lwowski. Below are two tables that demonstrate the inventory and price changes by state. The major contributor to the upward price pressure is low inventory. Supply of single-family homes has been slipping since the 2008 financial crisis.

Persons: Brandon Lwowski, we're, Price, Lwowski Organizations: MLS, HouseCanary, Dakotas, New, District of Columbia, Alabama, South Carolina Locations: HouseCanary, Wyoming, Dakotas . State, New Mexico, Texas, Florida, Oklahoma, Louisiana, Arkansas, Mississippi, Tennessee, Arizona, Carolina, Utah, Georgia, Nebraska, Michigan, Oregon, Indiana, Hawaii, Delaware, Virginia, Maine, Nevada, Iowa, Kentucky, Pennsylvania, Washington, Ohio, Maryland, Vermont, York, Minnesota, Massachusetts, California, Illinois, Hampshire, Wisconsin, Idaho, Colorado, Missouri, Connecticut, Jersey, Alaska, Kansas, Montana, Arkansas , Wyoming

Some living above Navigator's proposed sequestration site are also worried that carbon dioxide stored 5,800 feet underground could seep upward and contaminate their groundwater with carbonic acid, which is formed when carbon dioxide meets water. This came two months after a senior ICC engineer recommended that the commission deny the company's application because it had not secured the necessary sequestration site, the commission's docket shows. The company did not share the number or percent of easements it has secured over its proposed sequestration sites. The two other major carbon pipeline projects are working to secure underground carbon storage space. Summit has negotiated easements with landowners for more than 85% of its sequestration site in North Dakota, the company told Reuters.

☆ D'Arcy Carden reveals what it was like living with her 'Shotgun Wedding' co-star Jennifer Coolidge: She's 'America's sweetheart'
▼ + stars: | 2023-01-28 | by ( Esme Mazzeo | ) www.businessinsider.com time to read: +5 min

D'Arcy Carden said Jennifer Coolidge is even "smarter and funnier" than people think. D'Arcy Carden attends the 28th Annual Critics Choice Awards in Janurary 2023. Carden watched 'Die Hard' to prepare for her roleJennifer Lopez, D'Arcy Carden, and Cheech Marin in "Shotgun Wedding." "The Good Place" star D'Arcy Carden attends the 2019 Emmys in Los Angeles on Sunday. Frazer Harrison/Getty ImagesShe described being the center of the "Shotgun Wedding" twist as "so fun" and "delicious."

☆ Democrats' risky midterm strategy to elevate election deniers appears to pay off
▼ + stars: | 2022-11-09 | by ( Andy Sullivan | ) www.reuters.com time to read: +5 min

The gamble appears to have worked: All eight Democratic candidates who benefited from the strategy were projected to win their races as of Wednesday morning. Democrats also defended two competitive House of Representatives seats in New Hampshire and picked up one in Michigan, as their candidates held wide leads over Republican election deniers. And Democratic gubernatorial candidates in four states -- Pennsylvania, Michigan, Maryland and Illinois -- easily dispatched Republican candidates after running ads in the Republican primaries earlier this year. Democratic groups spent at least $51.5 million in Republican primaries this year, according to a Reuters tally. The DGA also ran ads amplifying the conservative credentials of Republican election deniers in Maryland and Michigan who won their primaries but lost the general election.

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