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☆ More public healthcare companies will be taken private. Here's what PE firms are betting on.
▼ + stars: | 2024-08-12 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +7 min

Read previewRevenue cycle management company R1 RCM just announced its acquisition by two private equity firms for a whopping $8.9 billion — signaling a long-awaited resurgence of big healthcare deals. Private equity's return to the sceneThe debt market is finally correcting for the types of deals healthcare companies have been waiting for. Revenue cycle management has long been a hot area for private equity firms. AdvertisementSpringer said she thinks private equity firms are "very unlikely to buy a care delivery company in this environment." Sen. Markey introduced the Health Over Wealth Act in July that would limit private equity investment in healthcare providers.

Persons: —, Augmedix, Altaris, hasn't, dealmakers, David Marks, They're, Thad Davis, haven't, Davis, Tanay Tandon, Commure, Athelas, it's, Rebecca Springer, we'll, Shiv Rao, Abridge Springer, she'd, Springer, Steward, Sen, Markey, Brian Snyder, Knight's Marks, I've, Marks Organizations: Service, Business, Holland &, Leerink Partners, Epic, Mayo Clinic, Reuters, Holland, FTC

COLUMBUS, Ohio (AP) — Ohio State fired seventh-year basketball coach Chris Holtmann on Wednesday with the Buckeyes mired in yet another subpar season. Ohio State is 14-11, 4-10 in the Big Ten, and has lost nine of the last 11. None of Holtmann's Ohio State teams won a regular season title or conference tournament. “I want to express my appreciation toward Chris for the first-class program, and the well-respected program, he has run here at Ohio State,” Ohio State athletics director Gene Smith said. In 2022, Ohio State gave Holtmann a three-year contract extension that pushed his salary to about $3.5 million per season.

Persons: Chris Holtmann, Jake Diebler, Thad Matta, Holtmann, Chris, Gene Smith Organizations: — Ohio State, Ohio State, Big, Buckeyes, NCAA, Holtmann's Ohio State, ” Ohio State, AP Locations: COLUMBUS , Ohio, Butler, Columbus, Holtmann

(AP) — Jahmyl Telfort matched his season high with 26 points, DJ Davis added 22 and Butler held off No. Boden Kapke, who has played sparingly in six games before Friday, made two 3s and hit key free throws late. Creighton got the ball right back when Butler’s inbound pass following Kalkbrenner’s free throws went off DJ Davis’ leg and out of bounds. Davis was unable to shoot the free throws, with Kapke taking his place and making both with 6.4 seconds left for a three-point lead. Alexander was fouled immediately and made two free throws to make it 99-98 with 5.8 seconds left.

Persons: Telfort, DJ Davis, Butler, Creighton, “ We've, we’ve, ” Butler, Thad Matta, “, ” Baylor Scheierman, Steven Ashworth, Trey Alexander, Ryan Kalkbrenner, Finley, ” Telfort, Bizjack, Boden Kapke, Kalkbrenner, Alexnader, Francisco Farabello, Davis, Kapke, Alexander, ” Creighton, Greg McDermott, Posh Alexander, Landon Moore, Francis, it’s, ___ Organizations: Bulldogs, East, NCAA, Big, Boden, DJ, St, Butler, Providence, AP Locations: OMAHA, Neb, Connecticut

☆ Workers are paying to get part of their paychecks early. It's 'payday lending on steroids,' one expert says
▼ + stars: | 2024-01-28 | by ( Greg Iacurci | ) www.cnbc.com time to read: +12 min

Fotostorm | E+ | Getty ImagesMillions of American workers are paying for early access to their paychecks. So-called "earned wage access" programs, which operate either directly to the consumer or through employers, let workers tap a portion of their wages before payday, often for a fee. Earned wage access has gotten more popularEarned wage access goes by various names: daily pay, instant pay, accrued wage access, same-day pay and on-demand pay, for example. "It's another version of payday loans," Monica Burks, policy counsel at the Center for Responsible Lending, a consumer advocacy group, said of earned wage access. However, a recent study by the U.S. Government Accountability Office found that earned wage access products "generally cost less than typical costs associated with payday loans."

Persons: it's, Marshall Lux, Lux, hasn't, Cherie Chung, EarnIn, MoneyLion, Monica Burks, —, Thad Peterson, There's, EWA, Peterson, Harvard's, we're, Stacy Greiner, Dave, Ben LaRocco, Miranda Margowsky, Margowsky, Atif Siddiqi, Siddiqi, Safwan Shah, Shah, doesn't, Harvard's Chung Organizations: Harvard University, Finance, Harvard Kennedy School, Lux, Harvard, Hilton, Uber, Walmart, Companies, Center for, California Department of Financial Protection, Center for Responsible, U.S, Government, Office, GAO, Datos, Commerce, Economic, Financial Technology Association Locations: Kroger, McDonald's, California, Vermont

☆ OpenAI's nonprofit arm showed revenue of $45,000 last year, even though company is worth billions
▼ + stars: | 2023-12-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +6 min

That's from the nonprofit parent's 990 filing with the Internal Revenue Service, a form that has to be filled out by organizations wishing to maintain their tax-exempt status. Thad Calabrese, a professor of public and nonprofit financial management at New York University, said OpenAI's current status is confusing, and is unlike anything he has seen in the nonprofit world. He said OpenAI could give up its nonprofit status, and he cited the Blue Cross Blue Shield Association, which in 1994 allowed associated nonprofit medical insurance plans to switch into for-profit entities. An OpenAI spokesperson didn't respond to a question about whether the organization is considering giving up its nonprofit status. Unlike OpenAI, Mozilla never raised money from venture and corporate investors, who expect returns on their investments.

Persons: Sam Altman, OpenAI's financials, OpenAI, That's, PlainSite, Altman, Helen Toner, Tasha McCauley, Ilya Sutskever, Thad Calabrese, Calabrese, didn't, Mark Surman, Surman, Altman's, hasn't, Bret Taylor Organizations: Internal Revenue Service, CNBC, New York University, Shield Association, Mozilla Foundation, Mozilla Corporation, Mozilla, Microsoft, Duke University Locations: California

The countersuit comes months after the institution sued him and others over the scandal. “These two statements fortified Defendant’s belief that the 25 paintings were authentic Basquiats,” said the former museum CEO. Political Cartoons View All 1247 ImagesDe Groft is seeking more than $50,000 for wrongful termination, defamation and breach of contract. An email seeking comment was sent Tuesday evening to a spokeswoman for the Orlando Museum of Art. Basquiat, who lived and worked in New York City, found success in the 1980s as part of the neo-Expressionism movement.

Persons: —, Jean, Michel Basquiat, Aaron De Groft, De Groft, ”, Groft, Basquiat, Thad Mumford, Mumford, Michael Barzman, Mike Schneider Organizations: FBI, Orlando Museum of Art, American Alliance of Museums, FedEx Locations: ORLANDO, Fla, Florida, Orlando , Florida, tatters, New York City, Los Angeles

The state hasn't wavered as a conservative stronghold in the modern era, and its last Democratic governor was denied a second term 20 years ago. A former mayor of tiny Nettleton, Presley is wrapping up his fourth term as a state utility regulator for northern Mississippi. One of the most famous Black Mississippi residents, Oscar-winning actor Morgan Freeman, recently joined him at a campaign event. Presley has raised more campaign cash than Reeves this year, and he's attracting larger and more diverse crowds than any Democrat running for Mississippi governor in a generation. Presley says the new method of electing a governor gives him a better chance than the old one.

Persons: Brandon Presley, Tate Reeves, “ They’re, ” Presley, murmurs, “, Elvis Presley, Reeves, Presley, Bennie Thompson, Morgan Freeman, Theresa Hall, ”, we’ll, ” Reeves, Sen, Chuck Younger, “ It’s, ” Younger, it’d, Bruce Springsteen, don’t, William Barber, Barber, —, Nick Bain, Medgar Evers, Vernon Dahmer, Fannie Lou Hamer, it's, Democrat Jim Hood, Joe Biden, Mike, Republican Sen, Cindy Hyde, Smith, Thad Cochran, Jim Crow, Eric Holder, Gwendolyn Gray Organizations: Democratic, Republican, U.S . Rep, Mississippi, Tate, Liberal, Black, Democratic Party, Poor, Waffle, Trump, Mississippi Freedom Democratic Party, Democratic National Convention, Democrats, Democrat, U.S . Senate, Mississippi voters, U.S, “, Tougaloo College Locations: NATCHEZ, Miss, Mississippi, Natchez, Jackson, Issaquena County, Los Angeles, Columbus, Alabama, U.S, Gulfport, Biloxi, “, Black, Atlantic City

☆ The WNBA Finals brought a surge of engagement for advertisers, new data shows
▼ + stars: | 2023-10-25 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +4 min

This year's WNBA Finals brought in more spectators than ever before and the most viewers watching from home in 20 years. Compared to last year's WNBA Finals, fans were 30% more likely to engage online with a brand they saw advertised than they were in 2022, EDO data show. Michelob Ultra ran the most effective ad series during the Finals, tracking 211% above the average Finals engagement rate over its six ads, per EDO. Both the WNBA Finals and playoffs metrics sit well above the average primetime broadcast and cable effectiveness for advertisers, EDO shows. Bosley Hair Restoration and Old Spice were 341% and 134% more effective than 2023 WNBA average, respectively, EDO data show.

Persons: EDO's, Laura Grover, Ultra, Jimmy Butler, Nneka Ogwumike, Oofos, Michelle Cardinal's, Dawn Staley, Darren Brown, Cardinal, Ally, Stephanie Marciano, thad, Bosley Organizations: Las Vegas Aces, EDO, NBA, WNBA, Growth Agency, Brands, Gatorade Locations: York

He is helping organize a free one-day, online “church mental health summit” on Tuesday that already has about 9,000 registrations from over 100 countries. Chris Adams, who leads the Mental Health and the Church Initiative at Biola University. Instead, parents asked her advice on how to share similar struggles with their own children’s faith leaders. He’s been increasing workshops and retreats for Catholic seminarians as well as priests to help overcome the isolation that many clergy feel, especially as their numbers decline. Thad Austin, who started the Common Table Collaborative to help integrate mental health resources for mostly Protestant clergy.

Persons: Karna Moskalik, “, ”, Moskalik, Jamie, Chris Adams, Adams, Kay Warren, Rick Warren, You’re, Warren, they’re, Alex Lang, I’m Alex Lang, Lang, Katie O’Dunne, O’Dunne, Mark Dance, Steven Sandage, Laura Howe, Paul Ruff, He’s, Rae Jean Proeschold, Bell, Duke, God, Left, Thad Austin, –, ” Warren Organizations: Wheaton College, Mental Health, Initiative, Biola University, “, Saddleback, United Church of, Southern Baptist, Boston University, Saint Paul Seminary, United Methodist, Health Initiative, Lilly Endowment Inc, AP Locations: STILLWATER, Minn, U.S, California, Atlanta, Southern, Toronto, Minnesota, –

☆ We bought a 9,000-square-foot mansion in Kansas that dates to 1885 and have found antique jewelry, silver coins, and Civil War memorabilia. We still have so much more to explore.
▼ + stars: | 2023-06-13 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +7 min

Thad and Robin Krasnesky bought a 140-year-old Victorian mansion in Kansas in 2021. They document their explorations on their Facebook page, Krasnesky Manor For Wayward Cats. He and his wife Robin, 49, document their adventures at the house on their Facebook page, Krasnesky Manor For Wayward Cats. A peek inside the Krasneskys' home, which they chronicle on their Facebook page, Krasnesky Manor For Wayward Cats. We've got 14,000 people on our Facebook page now.

Persons: Thad, Robin Krasnesky, —, Thad Krasnesky, Robin, we'd, A.J, Angell, there's, There's, Robin's, Rachel, we've, We've Organizations: Wayward, Service, Broadway, Union, Facebook Locations: Kansas, Texas, Leavenworth , Kansas, It's, England

☆ Dianne Feinstein can't be recalled and she almost certainly won't be expelled from the Senate
▼ + stars: | 2023-05-18 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

A new report raises even more concerns about Sen. Dianne Feinstein's health. True, Feinstein's health is the topic du jour in Washington. Byrd, Thurmond, and Cochran all faced unflattering stories that virtually mirror what's been written about Feinstein. The last time the Senate actually expelled a member was in 1862 when it booted out 14 senators for supporting the Confederacy. The biggest power Feinstein's colleagues and critics can wield is shame.

☆ Inside the scramble to evacuate a US embassy surrounded by the chaos of street fighting, gunfire, and explosions
▼ + stars: | 2023-05-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +13 min

US forces evacuated the American embassy in Sudan days after violence erupted in its capital. As the situation deteriorated, the Pentagon dispatched Special Operations Forces to evacuate US diplomatic staff in a dramatic helicopter operation. Foreign governments began efforts to pull out their diplomatic staff and, in some cases, also moved to evacuate their civilians. People walk by a house hit in recent fighting in Khartoum, Sudan, Tuesday, April 25, 2023. US Marine Corps courtesy photoWith the embassy staff gone, questions remained over whether Washington would move to evacuate US citizens, as some other Western nations had been doing.

☆ ON Semiconductor mulls $2 bln investment in electric vehicle chip production
▼ + stars: | 2023-05-16 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

May 16 (Reuters) - ON Semiconductor Corp (ON.O) is considering investing $2 billion in boosting production of silicon carbide chips that are widely used to help extend the range of electric vehicles, company executives said on Tuesday. The company makes more than half of its own chips internally and has invested in a full supply chain for energy efficient silicon carbide chips, making both the raw materials and finished chips in-house. Trent said that increased silicon carbide production would happen at one of the company's existing sites, rather building a new factory, to save costs. At a financial analyst day on Thursday, executives said they aim to capture 40% of the silicon carbide automotive chip market by 2027. Over the same time period, ON Semiconductor expects to expand free cash flows from $1.6 billion in 2022 to $3.5 billion to $4 billion by 2027.

☆ New York will demolish and elevate a waterfront park to fight floods, angering some neighbors
▼ + stars: | 2023-03-25 | by ( Emma Newburger | ) www.cnbc.com time to read: +10 min

A waterfront area in Battery Park City, which is at the center of a major climate resilience project. Emma Newburger | CNBCWagner Park, a cherished waterfront greenspace in Battery Park City, boasts unobstructed views of the Statue of Liberty and New York Harbor. Wagner Park will soon be demolished and built ten feet higher as part of the Battery Park City Resiliency Project. "The Wagner Park plan has gotten some critical attention from a few, but it's also gotten a lot of support." "This community is going to be fine one way or the other," Pawlowski said of Battery Park City.

☆ Biden was at his 'quintessential best' in State of the Union Address, professor says
▼ + stars: | 2023-02-08 | 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 EmailBiden was at his 'quintessential best' in State of the Union Address, professor saysThad Kousser, professor of political science at University of California San Diego, says U.S. President Joe Biden was "connecting with centrist voters on real kitchen table issues."

☆ Ron and Casey DeSantis danced to the governor's campaign song 'Sweet Florida' at the state's inaugural ball, in final event of 2-day 'DeSantis-Palooza'
▼ + stars: | 2023-01-04 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +7 min

Casey DeSantis wore a gold embellished gown. Songs included "My Girl" and "(I Can't Get No) Satisfaction," two guests leaving the event told Insider. Bill Diamond of Palm Beach told Insider the food was "very good and very inventive" and raved about the lamb. "I have had clients coming back and saying that was very Kennedy-ish," one source who attended multiple inauguration events told Insider. Casey DeSantis and the couple's son, Mason, were also present, he said, as were Lieutenant Governor Jeanette Nuñez and her husband Adrian Nuñez.

☆ Special elections are confusing, chaotic messes that bleed taxpayers — and could often be avoided if politicians quit before leveling up, flaming out, or dropping dead
▼ + stars: | 2022-09-18 | by ( Grace Panetta | ) www.businessinsider.com time to read: +23 min

Young's death triggered an unprecedented series of three statewide votes — a special primary, a special general election held along with a regular primary, and a regular general election — within five months. The Alaska special election is just one of the more than 120 congressional special elections conducted over the past two decades, an Insider analysis found. Special elections bombard votersSpecial elections routinely attract special attention. Rebecca Blackwell/APIn 2022, special elections are 'a perfect storm of confusion'Special congressional elections are, on balance, less democratic than regular elections. "We knew from the beginning that it would be harder to win a special election," McCready said of his September 2019 special election.

☆ What it's like working for lawmakers whose golden years are clouded by power struggles, rumors of senility, and constant second-guessing
▼ + stars: | 2022-09-13 | by ( Warren Rojas | ) www.businessinsider.com time to read: +25 min

Doug Heye, a Republican strategist, told Insider that some political maneuvering is more tactical. Emanuel, now the US's ambassador to Japan, didn't refute that the exchange took place but told Insider he didn't remember it. It serves the institution," the former GOP aide told Insider, adding that seasoned dealmakers are preferable to partisan bomb-throwers "with some agenda that they're driving." Paul Morigi/Getty ImagesWhite, now the executive director of the Mississippi Department of Transportation, told Insider his boss always had the final word. 'Preserving their dignity'Convincing career lawmakers to hang it up before they tarnish their respective legacies is tricky business, a veteran GOP leadership aide told Insider.

☆ Opioid Crisis Fast Facts
▼ + stars: | 2017-09-18 | by ( Cnn Editorial Research | ) edition.cnn.com time to read: +15 min

March 29, 2017 - Trump signs an executive order calling for the establishment of the President’s Commission on Combating Drug Addiction and the Opioid Crisis. April 9, 2018 - The US surgeon general issues an advisory recommending that Americans carry the opioid overdose-reversing drug, naloxone. The settlement will be used to fund addiction research and help cities and counties with the opioid crisis. Cleveland County District Judge Thad Balkman orders Johnson & Johnson to pay $572 million for its role in the state’s opioid crisis. November 15, 2022 - Walmart agrees to the framework of a $3.1 billion settlement, which resolves allegations from multiple states’ attorneys general that the company failed to regulate opioid prescriptions contributing to the nationwide opioid crisis.

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