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That's how Los Angeles Times owner Patrick Soon-Shiong summed up the "cultural vision" that he shares with his new editor Kevin Merida. And compete for people who would not have thought about the LA Times before." The biotech billionaire acquired the LA Times three years ago. The WSJ reported in February that he was "exploring a sale of the Los Angeles Times." Who is the LA Times for?
Persons: Patrick Soon, Shiong, Kevin Merida, hasn't, Merida, I've, HBO Max Organizations: CNN, Los Angeles Times, Times, American, LA Times, Netflix, Google, Facebook, Big Tech, HBO Locations: Merida, California, Asia, Mexico, Canada
Ohio ends vaccine lottery with state still below 50 percent threshold
  + stars: | 2021-06-24 | by ( ) + 0.00   time to read: +5 min
COLUMBUS, Ohio — Ohio, the state that launched the national movement to offer millions of dollars in incentives to boost vaccination rates, planned to conclude its program Wednesday — still unable to crack the 50% vaccination threshold. Mike DeWine’s May 12 announcement of the incentive program had the desired effect, leading to a 43 percent boost in state vaccination numbers over the previous week. Multiple other states followed Ohio's lead, including Louisiana, Maryland, and New York state, with the impact on vaccinations hard to pin down. California awarded $116.5 million in prizes — the country’s largest pot of vaccine prize money — and Democratic Gov. The state is offering five residents the chance to win $1 million each in weekly lottery drawings from June 4 until July 7.
Persons: Mike DeWine’s, ” DeWine, Ohio's, Max ”, , Gavin Newsom, Newsom, Jim Justice, Sunday’s, Kate Brown, Oregonians, Brown, Jared Polis, Polis, Johnson, Ohioans, Jonathan Carlyle of, y’all, Esperanza Diaz, Sydney Daum, DeWine Organizations: Republican Gov, Democratic Gov, Sacramento Bee, Pfizer, Gov, Republican, Oregon Gov, Oregonian, Democrat, Moderna, Thomas Worthington High School Locations: COLUMBUS , Ohio — Ohio, Louisiana , Maryland, New York, California, West Virginia, May, Oregon, Oregonians, Colorado, Ohio, Jonathan Carlyle of Toledo, Cincinnati, Brecksville, Cuyahoga County, Columbus
4,368 Episodes Later, Conan O’Brien’s Late-Night Run Ends
  + stars: | 2021-06-24 | by ( John Jurgensen | ) + 0.94   time to read: +2 min
Conan O’Brien’s farewell to late-night TV has reached its finale. His show “Conan” has been chockablock with his famous friends and staff members trotting out fan-favorite characters in recent weeks. “Conan” has been on cable channel TBS since 2010, but this send-off is effectively for Mr. O’Brien’s entire run as a late-night host, which started in 1993 and included two previous shows on NBC. As former “Saturday Night Live” star Bill Hader said when he appeared on Mr. O’Brien’s show this week, “It was the first thing in comedy that was mine. It was the first thing that, like, my parents didn’t understand.”Among countless sketches on the 4,368 episodes that Mr. O’Brien and his collaborators produced, here are five examples that mark the evolution of his late-night run:
Persons: Conan O’Brien’s, Conan ”, Jack Black, we’d, Jeff Ross, O’Brien’s, HBO Max, Coco, O’Brien, , Bill Hader Organizations: Los, Largo, TBS, Mr, NBC, HBO Locations: Los Angeles
Trump boasts of 'big crowds' for a rally that hasn't happened yet
  + stars: | 2021-06-24 | by ( Thomas Colson | ) sentiment -0.98   time to read: +2 min
Donald Trump boasted of 'big crowds' for an Ohio rally that hasn't happened yet. It will be the first rally Trump has spoken at since the January 6 "Stop the Steal" event in Washington. Former US President Donald Trump on Wednesday boasted of "big crowds" in Ohio for his first post-presidential rally that is not due to take place until Saturday. "Big crowds in the Great State of Ohio this weekend for the Trump rally," Trump said in a statement issued Wednesday. The statement said the Ohio rally was to support Max Miller, a congressional candidate who is challenging Rep. Anthony Gonzalez, an incumbent Republican who voted in January to impeach Trump.
Persons: Donald Trump, Trump, Joe, Trump's, MAGA, Max Miller, Anthony Gonzalez, Miller, Ohio Organizations: Trump, Wednesday, Save America PAC, Fairgrounds, Capitol, Daily Mail, Republican, White, Marine Veteran Locations: Ohio, Washington, Great State of Ohio, Tulsa, Lorain, Wellington , Ohio
Nike's China sales in spotlight after Xinjiang backlash
  + stars: | 2021-06-24 | by ( Nivedita Balu | ) + 0.00   time to read: +2 min
An Air Max shoe made by Nike Inc is shown in this illustration photograph taken in Encinitas, California, U.S. June 27, 2016. Research firm Cowen's data showed that sales in China were weakening into June, and product sales on e-commerce platform Tmall declined as search trends for "guochao", Mandarin for homegrown fashion, gained popularity. "We could see near-term sales volatility in Greater China, the brunt of which is likely to be felt in the next 1 to 2 quarters," BTIG analyst Camilo Lyon said. WALL STREET SENTIMENT* The current average analyst rating on NKE shares is "buy" and the breakdown of recommendations is 27 "strong buy" or "buy", 4 "hold" and 1 "strong sell"* The median price target is $163.30. The stock closed at $133.10 on WednesdayReporting by Nivedita Balu in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.
Persons: Air Max, Mike Blake, Jordan, Nike, Camilo Lyon, Nivedita Balu, Saumyadeb Organizations: Air, Nike Inc, REUTERS, Nike, Air Max, Adidas, Dow, Thomson Locations: Encinitas , California, U.S, China, Xinjiang, Greater China, Bengaluru
"Titans" (HBO Max)DC UniverseTimes more in demand than average show: 26.1Description: "'Titans' follows young heroes from across the DC Universe as they come of age and find belonging in a gritty take on the classic Teen Titans franchise. Dick Grayson and Rachel Roth, a special young girl possessed by a strange darkness, get embroiled in a conspiracy that could bring Hell on Earth. Rotten Tomatoes critic score (Season 2): 81%What critics said: "Bruce, Deathstroke, and Rose so far form an impressive trio of new characters that breathe life into the show. They seem to be well cast, and open up the story up to many possible new plot-lines." — Forbes (Season 2)Season 3 premieres on HBO Max on August 12.
Persons: HBO Max, Dick Grayson, Rachel Roth, Rotten, Bruce, Deathstroke, Rose, — Forbes Organizations: HBO, DC, Times, Teen Titans
Consumers will be reevaluating their subscription streaming services as pandemic restrictions ease. 75% of the respondents said that they subscribe to a streaming service, up from 71% the same time last year. Netflix had 207 million subscribers worldwide, 67 million of which are in the US, as of its April Q1 earnings report (in which it missed its growth target by 2 million subscribers). While survey respondents can overstate their willingness to cancel subscriptions, the report does give a sense of which platforms could be most at risk when consumers evaluate subscription spending. Here's each streaming service included in the survey and the percentage of respondents who indicated they were likely to churn:
Persons: HBO Max, ViacomCBS, Max Organizations: UBS, Showtime, Netflix, HBO, Disney, Street, Paramount, Starz, CBS, Apple
For the first time since 1993 (aside from a brief period in 2010), Conan O'Brien will not have a late-night television show. The last edition of "Conan" rolls out on TBS Thursday night. He does have something new planned for TV — a series on WarnerMedia's HBO Max that is being labeled a variety-style show. On one occasion, I had seen an especially enthused guy wearing a T-shirt that read: "I took Conan for my Confirmation name!" And then I saw many of those same fans swarm the concession stands to buy "Team Coco" merchandise — hats, T-shirts, posters.
Persons: Bill Carter, Conan O'Brien, HBO Max, Conan, , Coco, Read Organizations: CNN, The New York Times, TBS, HBO, Drang, Beacon Theatre Locations: Manhattan, Eugene , Oregon
Doximity sold 19 million shares for $26 a piece Wednesday night, above its projected range of $20 to $23, and an existing investor sold another 4.3 million. Meanwhile, telehealth company MDLive was acquired by Cigna in February for an undisclosed amount and two venture-backed health-tech companies, Grand Rounds and Doctor on Demand, merged in March, creating a multibillion-dollar business. For Doximity, telehealth is a new business. As part of the offering, Doximity reserved 15% of the shares for doctors in the network. Assuming doctors maxed out their participation, they purchased about $91 million worth of Doximity stock.
Persons: Jeff Tangney, Doximity, Amwell, Teladoc, MDLive, Doximity's, Tangney, maxed Organizations: New York Stock Exchange, Doximity, . Investors, Teladoc, Cigna, InterWest Partners Locations: Doximity, U.S
Southwest Airlines CEO Gary Kelly doesn't think his airline has enough planes to continue its current business model in 2022 and 2023. New Boeing 737 Max aircraft are scheduled to enter the fleet as part of a modernization program. Southwest Airlines is coming out of the pandemic in growth mode. The focus for the nation's largest low-cost carrier is on a fleet standardization centered on the Boeing 737 Max. Southwest's aircraft woes show how quickly the domestic travel landscape has changed since the vaccine rollout began.
Persons: Gary Kelly doesn't, Gary Kelly, CNBC's Squawk, that's, Kelly, Jim Kramer, Read, Max, Henry Harteveldt, Harteveldt Organizations: Southwest, New Boeing, Max, Southwest Airlines, Boeing, Wall Street Journal, Airlines, Atmosphere Research Locations: New, North, South America, Canada, American, Southwest's Fort Lauderdale , Florida, Ecuador, Brazil, Bolivia, Florida, New Haven , Connecticut
Howling, moaning, wailing, hopping, but well within the song’s generous contours and, somehow, in control of themselves. The ducts simply gave way, and the mask I wore at the theater where I sat was eventually covered in runny, viscous salt. Their sound was light and round and reliant upon strings and harmonies that were commercial for 1969 but not cool. In this film, among Simone and Max Roach and Hugh Masekela, the Fifth Dimension don’t at all seem like outsiders. A passage about the national climate of ’69, for instance, is mixed in with the Chambers Brothers’ festival performance.
Persons: Staples, Jackson, — Jackson, lacy, you’re, plumb, Reverend Jackson, It’s, Thompson, Mahalia Jackson, Mavis Staples, Sheila E, Marilyn McCoo’s, Simone, Max Roach, Hugh Masekela, Chambers, you’d, , D.J.s Organizations: Chambers Brothers
Conan O'Brien says goodbye to late night
  + stars: | 2021-06-24 | by ( Frank Pallotta | Cnn Business | ) + 0.00   time to read: +9 min
New York (CNN Business) After nearly 30 years and a lot of hilariously bizarre moments, Conan O'Brien said goodbye to late night on Thursday night. Photos: Conan O'Brien's late-night career Conan O'Brien is seen backstage on the set of his show "Conan" in 2019. Hide Caption 1 of 25 Photos: Conan O'Brien's late-night career Conan O'Brien is seen backstage on the set of his show "Conan" in 2019. Hide Caption 5 of 25 Photos: Conan O'Brien's late-night career O'Brien warms up the crowd at one of his "Late Night" tapings. Hide Caption 24 of 25 Photos: Conan O'Brien's late-night career O'Brien's last "Conan" show will air on June 24, 2021.
Persons: Conan O'Brien, O'Brien, Homer, Marge, I've, Conrad, O'Brien's, David Letterman, Jay Leno, it's, HBO Max, Conan O'Brien's, He's, Leno, Andy Richter, Richter, Bill Gates, Tarja Halonen, Halonen, Stephen Colbert, Jon Stewart, Mike Tyson, Max Weinberg, Jay, Barack Obama, Michelle Obama, Steve Martin, Jorge Ramos, Shaquille O'Neal, Turner, O'Brien goofs, Homer wasn't, Will Ferrell, Ferrell, Jack Black, Black, Jack Organizations: CNN Business, TBS, HBO, CNN, Microsoft, Consumer, Triumph, NBC, White, Correspondents, Association, MTV, Al Locations: York, H.R, Cuba, Armenia, Helsinki, Finland, Qatar, American, Mexico City, Mexico, Japan, Ghana, Al Jazeera
Southwest Airlines CEO Gary Kelly, 66, will step down from his position and "transition roles" to become executive chairman, the company announced Wednesday. Robert Jordan, Southwest's executive vice president for corporate services will become the next CEO, starting Feb. 1 next year. Kelly has served as Southwest CEO since 2004, overseeing the airline's first international routes, the acquisition of AirTran Airways and bringing the Boeing 737 Max into its fleet. "I'm humbled, honored, and excited to be asked to serve as the next CEO," Jordan said. "The Heart of Southwest is our People; they make the difference for our Customers, and I look forward to serving them."
Persons: Gary Kelly, Robert Jordan, Bob, Kelly, Jordan, I'm Organizations: Southwest, AirTran Airways, Boeing, Max
Baseball’s Goofy New Job: Belt Inspector
  + stars: | 2021-06-23 | by ( Jason Gay | ) sentiment -1.00   time to read: +1 min
You want me to take off my belt? I haven’t gotten my Starbucks yet, and I’m going to miss my 7 a.m. flight to Fort Lauderdale, but so what! The first occurred during a heated NL East game between the Washington Nationals and the Philadelphia Phillies. Umpires checked Nationals ace Max Scherzer once, then a second time, and then Phillies manager Joe Girardi requested a third check, apparently after watching Scherzer run a hand through his hair. This ticked off Scherzer, who responded to the ump by theatrically ditching his cap and glove, and unbuckling his belt.
Persons: It’s, Max Scherzer, Joe Girardi, Scherzer Organizations: Major League Baseball, ump, Washington Nationals, Philadelphia Phillies, Phillies Locations: Fort Lauderdale
Russia’s Defense Ministry said its armed forces fired warning shots at a British destroyer that was violating its territorial waters near Crimea, but the U.K. government denied that such events took place. The Russian ministry said Wednesday that its Black Sea Fleet and the border patrol of the nation’s Federal Security Service had to fire shots to stop HMS Defender from further violating Russia’s territorial waters. But the U.K. government denied the report, saying the ship was “innocently” passing through Ukrainian waters. U.K. Defense Secretary Ben Wallace said in a statement posted on Twitter that the destroyer entered an internationally recognized traffic separation corridor before exiting. He later told a parliamentary committee that the ship was “hailed” by Russian authorities and informed of a Russian training exercise nearby, and added that the British ambassador in Russia hadn’t been summoned.
Persons: , Ben Wallace, , Russia hadn’t Organizations: Russia’s Defense Ministry, Fleet, Federal Security Service, Defense, Twitter Locations: British, Crimea, , Russia
Inside Comcast’s Plan to Become a Streaming Giant
  + stars: | 2021-06-23 | by ( Lillian Rizzo | ) + 0.00   time to read: +17 min
Mr. Roberts wants NBCUniversal to be more aggressive with the streaming app. The goal is to turn Comcast, known as a regional U.S. cable company, into a player beyond its traditional cable footprint. Comcast founder Ralph Roberts, left; Brian Roberts, center; and Steve Burke, then president of Comcast Cable, in 2001. Others said it is a sign of discipline and said Mr. Roberts is a sharp and prudent leader. Mr. Roberts considered WarnerMedia an ideal partner but didn’t want to make the first move, the people close to him said.
Persons: Brian Roberts, Roberts, Walt, Roku, Peter Kramer, Peacock, Brian, , Ted Harbert, NBCUniversal, Trian, Barry Diller, , Ralph Roberts, Steve Burke, Richard Drew, Dave Watson, Evan Shapiro, Shapiro, ” Mr, Seeso, “ Brian, Harbert, HBO Max, ViacomCBS, Viacom wasn’t, Andy Samberg, Melissa Fumero, NBC Matt Strauss, he’s, Jeff Bezos, Mr, we’ve, ” — Benjamin Mullin, Joe Flint, Lillian Rizzo Organizations: Comcast Corp, Comcast, titans, T Inc, Discovery Inc, ViacomCBS Inc, Walt Disney Co, Inc, Roku Inc, Walmart Inc, Bank, Getty, Amazon’s, Amazon, Netflix, Disney, NBC, Trian, Cable, Walt Disney, Walt Disney Netflix, Communications Inc, Media, University of Pennsylvania, U.S, Comcast Cable, Fox, Sky PLC, Wall, Sky, NBCUniversal, New York University, Fordham University, streaming’s titans, HBO, Paramount, Viacom, CBS, Hulu, Peacock, WarnerMedia’s HBO, Comcast’s Universal, Bravo, Amsterdam ”, Brooklyn, ‘ Brooklyn, Roku, Apple Locations: NBCUniversal, U.S, Hulu, Amsterdam
A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. For Boeing Chief Executive David Calhoun, that means seeing profits and market share slip to European rival Airbus SE (AIR.PA). But politics, practical problems such as visa and quarantine issues, and the Chinese aviation regulator's intense scrutiny have gradually sapped U.S. hopes of a quick solution, industry sources say. Boeing said it continued to work closely with CAAC and other regulators to return the MAX to service worldwide but declined to respond to specific questions from Reuters. CAAC, however, is known in the industry as the most conservative of the world's major aviation regulators.
Persons: Karen Ducey, Biden, David Calhoun, Bernstein, Calhoun, Scott Kennedy, CAAC, Feng Zhenglin, Norihiko Shirouzu, Stella Qiu, Jamie Freed, Eric M, Johnson, Tim Hepher, Gerry Doyle Organizations: Boeing, Boeing Field, REUTERS, BEIJING, West, MAX, Airbus, world's, Western, Commercial Aircraft Corporation of China, Seven, Communist, 20th Party Congress, Center for Strategic, International Studies, Civil Aviation Administration, China's, Reuters, U.S . Federal Aviation Administration, Thomson Locations: Seattle , Washington , U.S, China, United States, Europe, Beijing, U.S, Seattle, Western, Sydney
It's outlandish, slightly nightmare-inducing, and it might be exactly what the platform needs if it wants to keep HBO Max and Disney+ from gaining on it. "Sexy Beasts" is the latest example of Netflix dropping a new release and immediately taking over the world of pop culture. Netflix defines original content as anything offered exclusively on its platform. That's been the company's strength in the streaming market as it competes with Disney+, HBO Max, and Amazon instead of, for example, rounding out its movie selection. Of course, other platforms have had a similar cultural effect, such as Disney+ with every new Marvel release and HBO Max with its DC content.
Persons: it's, wilder, That's, HBO Max Organizations: Netflix, HBO Max, Disney, HBO, Marvel, Star Wars, Pixar
(Refiles to show in paragraph five that date of Lion Air crash was in 2018 not 2019)WASHINGTON (Reuters) -A $500 million U.S. fund to compensate relatives of 346 people killed in two fatal Boeing 737 MAX crashes has opened, the claim administrators told Reuters on Tuesday. The fund, which opened on Monday, is part of a settlement with the U.S. Justice Department. The settlement allowed Boeing to avoid criminal prosecution but did not impact civil litigation by victims’ relatives that continues. The 737 MAX was grounded for 20 months after the two fatal crashes. Last month, Boeing agreed to pay a $17 million FAA fine after it installed equipment on more than 700 Boeing 737 MAX and NG aircraft that contained sensors that were not approved.
Persons: Ken Feinberg, Camille Biros, Feinberg, Biros, , Steve Dickson Organizations: Lion, Boeing, Reuters, U.S . Justice Department, Boeing Co, Lion Air, Ethiopian Airlines, Justice Department, Department, MAX, DOJ, FAA, NG Locations: WASHINGTON, Chicago
Amazon Prime Day 2021 is finally here. During the Prime Day sales event, Prime members can take advantage of sitewide savings in categories ranging from tech and kitchenware to clothing and skin care. As part of Prime Day, Amazon also offers limited-time deals called Lightning Deals on certain items — once they’re gone, they’re gone. To help you make the most of the fleeting shopping holiday, we compiled some of the best Prime Day Lightning Deals during the second day of the sale. More Prime Day 2021 Lightning Deals live nowCatch up on the latest from NBC News Shopping guides and recommendations and download the NBC News app for full coverage of the coronavirus outbreak.
Persons: they’re, Honey, Mili Godio Organizations: Amazon, Target, Walmart, PHILIPS, MAX, Amazon Works, NBC
REUTERS/Paulo Whitaker/File PhotoSEATTLE/WASHINGTON, June 21 (Reuters) - Boeing Co (BA.N) announced on Monday that veteran lobbyist and political strategist Tim Keating, who helped navigate the U.S. planemaker through its worst-ever crisis following fatal 737 MAX crashes, has left the company but gave no reason. The U.S. planemaker came under intense scrutiny from lawmakers and regulators following fatal crashes of its 737 MAX jetliners in 2018 and 2019. The crashes plunged the company into its worst-ever crisis, one long-since compounded by the coronavirus pandemic. Keating is a forceful Washington insider whose deep knowledge of congressional process and politics helped him push through numerous campaigns since joining Boeing in 2008. Before Boeing, Keating was senior vice president of global government relations at Honeywell (HON.O), and chairman of the board at Washington lobbying firm Timmons and Company.
Persons: Paulo Whitaker, Tim Keating, Dave Calhoun, Marc Allen, Calhoun, planemaker, Loren Thompson, Keating, Thompson, Timmons, Bill Clinton, Eric M, Johnson, David Shepardson, Andrea Shalal, Muralikumar Organizations: Boeing, American Business Aviation Conference, Airport, REUTERS, SEATTLE, Boeing Co, Defense, Hornets, Navy, Marines, Air Force, Lockheed Martin Corp, U.S, Air, Airbus, KC, Honeywell, Company, Thomson Locations: Sao Paulo, Brazil, WASHINGTON, U.S, Washington, Seattle
MLB roundup: D-backs snap 17-game losing streak
  + stars: | 2021-06-22 | by ( ) + 0.00   time to read: +5 min
Ketel Marte contributed two hits, an RBI and a run as the Diamondbacks recorded their first victory since June 1. Milwaukee was held to five hits and lost for the sixth time in its past eight games. Brandon Bielak entered in the eighth and lost the no-hitter when Maikel Franco hit a two-run homer with one out. Atlanta's Kyle Muller made his first career start, and he allowed one run on one hit in four innings. Kyle Gibson (5-0) tossed 5 1/3 strong innings to help the Rangers snap a six-game losing skid.
Persons: Merrill Kelly, Rick Scuteri, Ketel Marte, Yu Darvish, Manny Machado, Jake Cronenworth, Darvish, Steven Souza Jr, Mookie Betts, Jake Odorizzi, Cristian Javier, Yordan Alvarez, DJ Stewart, Javier, Brandon Bielak, Maikel Franco, Jacob deGrom, Dominic Smith, Ozzie Albies, Atlanta's Kyle Muller, Ronald Acuna Jr, Ian Anderson, Will Smith, Smith, Kevin, Brandon Drury, Miguel Sano, Sano socked, Heath Hembree, Andrelton Simmons, Nelson Cruz, Max Kepler, Alex Kirilloff, Luis Arraez, Sano, Eugenio Suarez, Aristides Aquino, Jonathan India, Bobby Bradley, Josh Naylor, Aaron Civale, Bryan Shaw, Andy Ibanez, Jose Trevino, Adolis Garcia, Nate Lowe, Kyle Gibson Organizations: Arizona Diamondbacks, Milwaukee Brewers, Chase, Arizona, Diamondbacks, Milwaukee, Padres, Dodgers, San, Los, Los Angeles, Astros, Orioles, Houston, Baltimore, The Astros, Mets, Braves, New York, Atlanta, Reds, Twins, The Reds, Cubs, Cleveland, Chicago, Rangers, Athletics, Oakland, Texas, A's, Thomson Locations: Phoenix , Arizona, USA, Phoenix, San Diego, Los Angeles, Atlanta, New York, Minnesota, Minneapolis, Texas, Arlington , Texas
Russians' return boosts Turkish tourism prospects
  + stars: | 2021-06-22 | by ( Ceyda Caglayan | ) + 0.00   time to read: +3 min
Russian tourists pause as they visit Ayasofya-i Kebir Camii or Hagia Sophia Grand Mosque amid the coronavirus disease (COVID-19) outbreak in Istanbul, Turkey January 29, 2021. Russian tourists are very keen to come to Turkey," TUI Fun&Sun Hotels CEO Volkan Simsek told an online tourism meeting on Monday evening. "Similarly daily reservations that we are getting from the German market are encouraging. The Russian market is going well, the German market is going well," he said, with Germans expected to arrive from the start of July. Some 2.13 million Russians visited Turkey last year, the highest level of any country but down from 7 million in 2019.
Persons: Sophia Grand, Murad Sezer, Volkan Simsek, Max Kownatzki, Bilgihan Yilmaz, Daren Butler, Dominic Evans Organizations: REUTERS, Anadolu, Sun Hotels, Thomson Locations: Istanbul, Turkey, COVID, Russia, ISTANBUL, Moscow, Antalya, Fraport
Government spending 'fatigue' is a risk worth watching
  + stars: | 2021-06-22 | by ( Julia Horowitz | Cnn Business | ) + 0.00   time to read: +8 min
What's happening: President Joe Biden's infrastructure proposal — part of $4 trillion in potential spending — is a priority in Washington this week . "We got a sense of Congressional spending fatigue when we visited Washington a few weeks back," Tobias Levkovich, Citi's chief US equity strategist, told clients this week. The battle lines: White House officials — which put up a $2 trillion infrastructure package in April — remain optimistic about a bipartisan agreement. A bipartisan group of 58 moderate House members pitched a $1.25 trillion infrastructure package earlier this month, though Republicans and Democrats in both the House and Senate are still negotiating how to pay for it. Meanwhile, Sen. Bernie Sanders said Sunday that Democrats need to work toward a larger infrastructure package that addresses the climate crisis and other issues.
Persons: Joe Biden's, Tobias Levkovich, , Sen, Bernie Sanders, Goldman Sachs, Isabel Stockton, Jerome Powell, Powell, John Williams, Netflix NFLX, Steven Spielberg, Spielberg, HBO Max, it's Organizations: CNN Business, Bell, CNN, White, Democrats, United, National Statistics, Institute for Fiscal Studies, Investors, Organization, Economic Cooperation, Development, Fed, New York Fed, Netflix, Hollywood's, Raiders, Amblin Partners, ITV News, New York Times, Disney, HBO Locations: London, Washington, United States, United Kingdom, Paris
Formula One extends deal with Fanatics after surge in sales
  + stars: | 2021-06-22 | by ( ) + 1.00   time to read: +1 min
Formula One has extended a partnership with sports merchandise retailer Fanatics after a U.S.-led surge in sales, the Liberty Media-owned sport said on Tuesday. Formula One said sales on its official online store had grown 40% globally in 2020. "This strong performance has accelerated in the first six months of 2021, with sales on the official online F1 store growing by triple digits compared to the same period in 2020," it added. Florida-based Fanatics operates online stores and sells products for more than 300 teams, brands and leagues from Manchester United and Nike to the National Football League. Formula One said the partnership with Fanatics had increased sales by almost 200% since 2017.
Persons: Max Verstappen, RB16B, Circuit Paul Ricard, Mercedes, Lewis Hamilton, Red, Ben Pincus Organizations: Red, RB16B Honda, of France, Circuit, Formula, Liberty Media, United, Netflix, Manchester United, Nike, National Football League Locations: Netherlands, Le Castellet, France, U.S, United States, Miami, Max Verstappen . Florida, China
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