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CNN —Hunter Biden is once again trying to delay his fast-approaching trial on felony gun charges, which is scheduled to begin in two weeks. In addition to the gun case, Biden is facing a federal tax indictment in California. He is also pursuing appeals in that case and trying to delay that trial, which is scheduled to begin in late June after the expected conclusion of the gun trial. The saga put President Biden in an uncomfortable spot, and he publicly acknowledged his granddaughter for the first time last summer. In addition, they want to ask whether potential jurors have ever bought a gun and how they feel about various restrictions on gun possession.
Persons: CNN — Hunter Biden, , he’s, Robert Hunter Biden, Biden, David Weiss, Joe Biden’s, Weiss, General Merrick Garland, Hunter Biden, , Maryellen Noreika, Lunden Roberts, Clint Lancaster, Hunter, Lancaster, Roberts, Biden’s Organizations: CNN, Monday, Trump, Biden, Lawyers, Arkansas Democrat, Gazette Locations: Wilmington , Delaware, California, Delaware, Arkansas, United States
A long-shot effort by left-leaning New York state lawmakers to curtail financial support for Israeli settlements has drawn a big-name backer — but she doesn’t have a vote in Albany. Representative Alexandria Ocasio-Cortez, who rarely wades into state politics, publicly backed a bill on Monday that could strip New York nonprofits of their tax-exempt status if their funds are used to support Israel’s military and settlement activity. Her involvement underscores the extent to which the war in Gaza and Israel’s treatment of Palestinians more broadly have animated the left flank of the Democratic Party as a pivotal election approaches. “It is more important now than ever to hold the Netanyahu government accountable for endorsing and, in fact, supporting some of this settler violence that prevents a lasting peace,” Ms. Ocasio-Cortez said at a news conference. It was widely criticized by Albany lawmakers and declared a “nonstarter.” Now its sponsors say they plan to revise the bill to prohibit “aiding and abetting” the resettling of the Gaza Strip or providing “unauthorized support” for Israeli military activity that violates international law.
Persons: , Representative Alexandria Ocasio, Cortez, Netanyahu, ” Ms, Ocasio, Zohran Mamdani, Jabari Brisport, Organizations: Representative, Democratic Party, West Bank, Albany Locations: New York, Albany, York, Gaza, New York State
Read previewIranian President Ebrahim Raisi has died after a helicopter crash in northwestern Iran, multiple news agencies reported, citing Iranian state media. Interior Minister Ahmed Vahidi told IRNA, Iran's state-run news agency, that a helicopter carrying Raisi and other senior Iranian officials was forced to make a "hard landing" on Sunday, without providing further details. Related storiesIran's foreign minister, the governor of Iran's East Azerbaijan province, and other officials were also on board the helicopter. Raisi is considered a "hard-liner" and a "protégé" of Iranian Supreme Leader Ayatollah Ali Khamenei. Raisi has led Iran through heightened tensions in the region, including the conflict between Israel and Hamas in Gaza.
Persons: , Ebrahim Raisi, Ahmed Vahidi, IRNA, Mohammad Mokhber, Al, Mokhber, Raisi, Ayatollah Ali Khamenei Organizations: Service, Business, Raisi, Associated Press, Iranian, United, United States Institute of Peace Locations: Iran, Iran's, Iran's East Azerbaijan province, Azerbaijan's, Al Jazeera, Israel, Gaza, Iranian, Damascus, United States, Russia, Ukraine
CNN —Saudi Arabia’s King Salman bin Abdulaziz Al-Saud has a lung inflammation and is receiving treatment, Saudi news agency SPA said, prompting the country’s Crown Prince to postpone a scheduled trip to Japan. King Salman, 88, was diagnosed with the inflammation after undergoing medical tests, and is being treated with antibiotics in Jeddah, SPA reported on Sunday. His son Mohammed bin Salman, the Crown Prince and de facto leader of Saudi Arabia, scrapped plans to travel to Tokyo due to his father’s condition. Earlier on Sunday, bin Salman met with US National Security Adviser Jake Sullivan in the eastern city of Dhahran, SPA reported. King Salman underwent surgery in 2020 to remove his gallbladder.
Persons: King Salman bin Abdulaziz Al, Saud, Prince, King Salman, Mohammed bin Salman, bin Salman, Jake Sullivan, King Abdullah, Mohammed bin Nayef Organizations: CNN, Saudi, Japanese Foreign Ministry, US National Locations: Saudi, Japan, Jeddah, Saudi Arabia, Tokyo, Dhahran, Gaza
That was the promise of Cerner, the medical-records company Oracle bought in 2021 for $28.3 billion — Oracle's biggest acquisition. At the time, Cerner managed the electronic health records for a quarter of all American hospitals, including those run by the Pentagon and the Department of Veterans Affairs. Larry EllisonCerner's electronic records, in short, were a deadly disaster for the VA. Never mind the futuristic, AI-driven healthcare system Ellison envisioned. In 2015, it beat out Epic, its main competitor, for a $4.3 billion contract to handle electronic health records for the Defense Department. It had agreed to process tens of millions of crucial medical records, but it couldn't handle the subsequent deluge of data.
Persons: Larry Ellison's, Ellison, Cerner, I'm, Larry Ellison, Neal Patterson, Cerner's, Patterson, Ellison's, they're, David Shulkin, Margaret Albaugh, Cerner couldn't, Charlie Bourg, , Larry, Marc Benioff, Ellison protégé, Mike Wilson, David Agus, oncologist, Agus, he'd, Steve Jobs, Sensei, We've, Georges De Keerle, Cerner —, hadn't, Mike Sicilia, Sicilia, Oracle, Anthony Jones Jr, Jones, Donald Remy, didn't, Seema Verma, Neil Evans, Sara Vaezy, Ed Meagher, haven't, Charlie Monroe —, it's, Charlie Bourg —, Bourg, Charlie Monroe, Monroe, Cathy McMorris Rodgers, grandkids, We're, there's Organizations: Oracle's, Oracle, Pentagon, Department of Veterans Affairs, Cerner, RAND Corporation, RAND, Big Tech, GE, Siemens, Cerner Corporation, Defense Department, Department of Defense, Business, Spokane, Ellison Institute of Technology, Microsoft, Agency, Health, Amazon, Veterans ' Affairs, Oracle Health, Navy, Columbus VA, BI, Life Sciences, Intermountain Health, UPMC, DOD, Seabees Locations: Las Vegas, antiaging, Silicon Valley, Spokane , Washington, Cerner, VistA, Bourg, Washington, Sicilia, Ohio, Columbus, Providence, Spokane, Monroe, CloudWorld
A British court is set to make a final decision on Monday on whether Julian Assange, the WikiLeaks founder, will be granted the right to appeal an extradition order to the United States, where he faces charges under the Espionage Act. Mr. Assange has been held in a London prison since 2019, accused by the United States of violations in connection with obtaining and publishing classified government documents on WikiLeaks in 2010. His case has slowly wound through the courts since his extradition was ordered by a London court in April 2022. Priti Patel, Britain’s home secretary at the time, approved the extradition two months later. In February, the High Court heard Mr. Assange’s final bid for an appeal, and in March, the judges asked the U.S. authorities to provide specific assurances about his treatment if extradited.
Persons: Julian Assange, Assange, Priti Patel, Britain’s, Assange’s Organizations: WikiLeaks Locations: United States, U.S
My family recently returned from a vacation with my mom, and to say things didn't quite go as planned would be an understatement. After three nights at Gardaland, we would head back to Arezzo for another two nights before heading back home. The kids (our 5-year-old daughter and 7-month-old son) were behaving beautifully and my mom, husband, and I were enjoying the historical sights. We managed to have fun on our less-than-traditional vacation, even with the unplanned hospital stay and worrying about my husband. My mom was a big help emotionally since we were all concerned about my husband and keeping the kids happy.
Persons: Arezzo, that's, Caroline Chirichella's, Caroline Chirichella, Daddy Organizations: Service Locations: Arezzo, Tuscany, Gardaland
Brent crude futures extended gains on Monday, inching up amid political uncertainty in major producing countries after Iran's president died in a helicopter crash and the Saudi crown prince cancelled a Japan trip, citing health issues with the king. Brent gained 10 cents, or 0.1%, to $84.08 a barrel by 0454GMT, after rising to $84.30 earlier, its highest since May 10. He added that WTI prices may rebound further toward $83.50 after rising above the 200-day moving average of $80.02. Despite the volatility in the region, oil prices moved only slightly. "Continuity in Saudi strategy is expected regardless of this health issue," he added.
Persons: Brent, Ebrahim Raisi, Saudi Arabian Crown Prince Mohammed bin Salman, King Salman, Yoshimasa Hayashi, Tony Sycamore, Sycamore, Warren Patterson, Patterson, Saul Kavonic, Prince Mohammed Bin Salman's Organizations: Brent, . West Texas, Saudi, Saudi Arabian Crown, Iranian, IG, ING, The, of, Petroleum, Petroleum Reserve Locations: Fort Stockton , Texas, Saudi, Japan, East Azerbaijan, Saudi Arabian, China, U.S, United States, Washington
Photo: Oliver Weiken/dpa (Photo by Oliver Weiken/picture alliance via Getty Images)Saudi King Salman will undergo treatment at Al Salam Palace in Jeddah for a lung inflammation, the state news agency said on Sunday, hours after he underwent medical tests. Citing the royal court, the state news agency said the 88-year-old king would be treated with antibiotics until the inflammation subsides. Earlier on Sunday, King Salman underwent medical tests at the royal clinics at Al Salam Palace due to "high temperature and joint pain", the Saudi state news agency said. King Salman, the custodian of Islam's holiest sites, became ruler of the world's top oil exporter in 2015 after spending more than 2-1/2 years as the crown prince and deputy premier. Saudi Arabia's embassy in Japan did not immediately respond to a request for comment about the crown prince's cancelled trip.
Persons: Abdel Fattah el, Saudi King Salman bin Abdulaziz Al Saud, Jean, Claude Juncker, Oliver Weiken, Saudi King Salman, King, Prince Mohammed bin Salman, Yoshimasa Hayashi, King Salman of, Prince Mohammed's, Hayashi, King Salman, Jake Sullivan, Emperor Naruhito, Fumio Kishida Organizations: Arab League, European Union, of Arab, Getty Images, Al Salam, Saudi, Al, U.S . National Locations: Egypt, Sharm El, Saudi King, Sharm, Saudi, Jeddah, Japan, Saudi Arabia, King Salman of Saudi Arabia, Tokyo, Washington, Riyadh, Saudi Arabia's
Warren Buffett's Berkshire Hathaway has been a net seller of stocks for six straight quarters despite the recent disclosure of a headline-making purchase of a stake in insurer Chubb . In fact, Berkshire hasn't been a net buyer of stocks since the third quarter of 2022, according to an analysis of filings. The bulk of the first quarter selling came from trimming Berkshire's massive Apple bet by 13% after reaping enormous gains. "If I saw one of those now, I'd do it for Berkshire," Buffett told shareholders, referring to his Japanese investment. Berkshire's cash hoard reached a record $189 billion in the first quarter, up from almost $168 billion in the fourth quarter.
Persons: Warren, Berkshire Hathaway, Chubb, Berkshire hasn't, Buffett, hasn't, I've Organizations: Berkshire, HP, Paramount, Treasury, Federal Reserve Locations: The Omaha, Berkshire, Omaha, Zurich, Louisiana, Pacific
Kharkiv, Ukraine CNN —Thirty miles to the north, Russian forces are invading again. 00:41 - Source: CNNHotel manager Olha SokolenkoOlha Sokolenko, director of Kharkiv Palace Hotel, was in the hotel at the moment of the strike. This is my homeland.”Kharkiv’s mayorKharkiv's mayor, Ihor Terekhov, was elected just a few months before the Ukraine war broke out. To send signals both to Kharkiv residents who stay here that life goes on, and signals to those outside of Kharkiv that Kharkiv is a Ukrainian city and people live here.”Lomako explains that he and his partners traveled across the country to collect local recipes and techniques. Kharkiv theater goes undergroundThis theater in Kharkiv is one of several city institutions forced underground by the war.
Persons: Yuriy Sapronov, Sapronov, Chasiv Yar, , Yuriy, Daria Tarasova, ” Sapronov, Olha Sokolenko, Sokolenko, Olha, , Kolotay, Cristiano Ronaldo, Matviy, Mikhaylo Galushko, ” Galushko, Ihor Terekhov, Volodymyr Zelensky, ” Terekhov, Borys Lomako, “ It’s, ” Lomako, Lomako, Dmytro Gurov’s, Dmytro Gurov, CNN Gurov, Gurov, it’s, Oksana Stetsenko, ” Stetsenko, Neda Nezhdana Organizations: CNN, Ukraine CNN, Emergency Service, Soviet, Kharkiv, CNN Hotel, Hotel, ” FC Metalist Kharkiv Matviy Kolotay, FC Metalist Kharkiv, Hirnyk Sport, Coaches, FC Metalist, English, Everton, UEFA, Kharkiv's, Russia, Hyundai, Russian, Employees, Schools Locations: Kharkiv, Ukraine, Russian, Ukraine’s, Che, Russia, , Kaliningrad, Soviet Union, Soviet, Kyiv, Kremenchuk, Uzhhorod, Poltava, Ukrainian, Dnipro
Read previewLegal challenges by conservative lawmakers and activists against guaranteed basic income programs are heating up nationwide. Guaranteed basic income programs differ from their idealistic cousin — a universal basic income. AdvertisementWhile localized guaranteed basic income programs are tiny compared to a nationwide universal basic income, they are the subject of no less conservative opposition. Local politicians in places like South Dakota and Arizona have moved to block basic income programs for this reason alone. AdvertisementWhile these arguments appear to support giving basic income payments to a broader group of people, it's unlikely many conservatives would actually support a universal basic income.
Persons: , Andrew Yang, Sam Altman, Republican Sen, John Wiik, Kathryn Blankenberg, Ken Paxton, Paxton, It's Organizations: Service, Business, Republican, Judicial Watch, American Civil Rights, Texas Locations: South Dakota, Arizona, Dakota, San Francisco, Texas, Houston, Harris County
John Mills enjoyed working security at Valhalla Golf Club, his family says. 1 golfer Scottie Scheffler was handcuffed by police Friday morning. When Scheffler exited the vehicle, the officer shoved Scheffler against the car and immediately placed him in handcuffs.”Darlington attempted unsuccessfully to intervene. “The police officers around the patrol car in which Scottie Scheffler was in had no idea he was even Scottie Scheffler,” Darlington said on air. He was proceeding as directed by another traffic officer and driving a marked player’s vehicle with credentials visible,” Romines said in a statement, referring to Scheffler.
Persons: Scottie Scheffler, Scheffler, didn’t, John Mills, , , ” Scheffler, Mills, Craig Greenberg, ” Mills, Collin Morikawa, Bryan Gillis, Gillis, ” Scheffler “, abrasions, Jeff Darlington, Scheffler “, ” Darlington, Darlington, , , Steven Romines, Romines, Scottie, Josh Abner, Mike O’Connell, Andrew Redington, “ Let’s, ’ ” Scheffler Organizations: CNN, PGA, Valhalla Golf, Louisville Metro Police Department, WDRB, Valhalla Golf Club, Lexus, ESPN, Police, Locations: Louisville , Kentucky, Shelbyville, Valhalla, ” Darlington, Louisville, , Jefferson County
The trick to getting ahead at work isn't being the fastest learner or the smartest in the room — it's having a positive attitude, says Amazon CEO Andy Jassy. Jassy, who took the top job at Amazon after Jeff Bezos stepped down in 2021, shared his "best career advice" in a new interview with LinkedIn CEO Ryan Roslansky. "I think an embarrassing amount of how well you do, particularly in your 20s, has to do with attitude," Jassy, 56, said. Having a positive attitude means you work well on a team and honor deadlines, among other strengths. Regardless of where you're at in your career, having a positive attitude can help you build stronger relationships in the workplace.
Persons: isn't, Andy Jassy, Jassy, Jeff Bezos, Ryan Roslansky, It's, Jeff Organizations: Amazon, Research, CNBC
There, a startup called Conceivable Life Sciences is automating the IVF lab from start to finish. Conceivable Life SciencesEleven women so far have become pregnant with help from one or more of these Conceivable robots. Conceivable Life Sciences"No baby, no fee"Today, IVF demand is surging, despite the treatment being slow, uncertain, and expensive. Conceivable's future IVF lab. Conceivable Life SciencesFrom prayer to AIHalf a continent away, a physician was growing frustrated by the constraints of his job.
Persons: , robotically, embryologist Jacques Cohen, Cohen, Joshua Abram, Conceivable's, Abram, Lora Shahine, Emma wasn't, Emma, Alan Murray, Murray, — embryologists, that's, Alejandro Chávez, Badiola, REI, didn't, Conceivable's cofounders, Dr, REIs, What's, Langham, Conceivable's cofounders tinker, Tesla, Brian Bixon, Gerardo Mendizabal, Ruiz, Bixon, Carla Patricia Barragan Álvarez, OBGYNs, aren't, Eduardo Hariton, Hariton Organizations: Service, Business, Sciences, BI, New York City, pipettes, Life Sciences, San, Langham Hotel, Quest Diagnostics Locations: Guadalajara, Mexico, New York, Seattle, pipettes, Petri, San Francisco, London, Abram, Mexico City
CNN —The 2024 Paris Olympics are creeping ever closer and for female US gymnasts, including global superstar Simone Biles, the Core Hydration Classic on Saturday represents the first step towards qualifying for the Summer Games. Gabby Douglas is attempting to qualify for the Paris Olympics after eight years away from competition. Alex Livesey/Getty ImagesNow, Biles begins the qualifying road to Paris at the Core Hydration Classic. ET on Saturday May 18, alongside other gymnasts who have competed at the Olympics or World Championships. Fans can watch the first senior session live on the USA Gymnastics YouTube channel, before the second session – featuring Biles, Douglas and Lee – begins on CNBC and Peacock.
Persons: Simone Biles, Gabby Douglas, Sunisa Lee –, , Biles, Douglas, Lee, Vitaly Scherbo’s, Alex Livesey, Sunisa Lee, Andy Lyons, Jade Carey, Shilese Jones, Lee –, Peacock Organizations: CNN, Summer, Paris, Tokyo, Games, Olympics, Paris Olympics, Olympic, US, NBC News, Getty, Reuters, Pan American, Tokyo Olympic, USA, YouTube, CNBC, NBC Locations: Paris, Hartford , Connecticut, Tokyo, Biles, Douglas
Much of it ends up at a plant operated by the Warsan Waste Management Company. “Around 45% percent of Dubai’s total waste comes to this facility,” says Tim Clarke, the company’s CEO. Operational since March of this year, the Warsan plant will use 2 million metric tons of trash annually to produce electricity, enough to power approximately 135,000 homes, according to the company. However, since the plant produces power, replacing the burning of fossil fuels, Warsan Waste Management believes the overall result is positive. But some environmental groups, such as Zero Waste Europe, argue that burning waste to generate electricity discourages efforts to cut waste and initiatives to increase recycling.
Persons: , Tim Clarke, Clarke, , Bryan Staley, Staley Organizations: Dubai CNN, CNN, Warsan Waste Management Company, , United Nations Environment, Waste Management, Energy, Research, Education Foundation Locations: Dubai, Europe, Japan, China, UAE
Now, Zyn users are buzzing about another purported side effect: Some claim that their habit has triggered weight loss. Andrea Hernández, author of consumer trend newsletter Snaxshot, pointed out this craze this week, sharing a collection of social media posts about Zyn and weight loss. "I've used Zyn nicotine pouches occasionally over the past few years but have started to use them regularly because they help me focus and curb my hunger," a Reddit user wrote in r/intermittentfasting. While nicotine pouches circumvent the health effects of cigarettes that are caused by tobacco, they still do a number on your body. She worries that "we don't fully understand how nicotine works to regulate appetite in people, specifically with obesity."
Persons: , Tucker Carlson, Carlson, Andrea Hernández, I've, Carolyn Bramante, Bramante, vapes, Slim, Apple AirPods, Philip Morris, Forget, I'm, Elon Musk, Charles Barkley, Hernández, Michael M, Beverly Tchang, Tchang, Iuliia Burmistrova Organizations: Service, Business, University of Minnesota, FDA, Lucky, Samsung, Getty, Weill, Philip Morris International, Swedish Locations: New York
Advertisement“I pulled up the local news station trying to figure out what was going on, and the first thing I saw was Scottie (Scheffler) had been put in handcuffs,” he said. Sitting in bumper-to-bumper traffic, the Dallas native said he received word that Scheffler’s arrest caused the stoppage. Play eventually was delayed one hour and 20 minutes, to 8:35 a.m.Brian Harman, right, shakes Scottie Scheffler’s hand during their round Friday. “I was a bit shook about what happened on both the scenarios,” Min Woo Lee said of Scheffler’s arrest and Mills’ death. Fans may have focused on Scheffler, but many of the players were equally concerned about Mills and his family.
Persons: — Austin Eckroat, , , Scheffler, John Mills, Bryan Gillis, Gillis, ” Harris, Scottie, , you’ve, Will Zalatoris, Zalatoris, Eckroat, Cameron Young, They’re, ” Zalatoris, Brian Harman, Scottie Scheffler’s, Michael Reaves, Collin Morikawa, Min Woo Lee, Mills, Lee, ” Morikawa, ” Said Mark Hubbard, I’m, That’s, ” Hubbard Organizations: Valhalla Golf, PGA, Rover, Dallas, America, ESPN, Louisville Locations: LOUISVILLE, Ky, Valhalla
Scheffler faces charges of second-degree assault of a police officer, third-degree criminal mischief, reckless driving and disregarding traffic signals from an officer directing traffic. Scheffler’s arraignment is scheduled for Tuesday at 9 a.m., according to online court records, two days after the PGA Championship is scheduled to end. The PGA of America and Louisville Mayor Craig Greenberg said in separate statements that their primary concern was with Mills’ family. AdvertisementWhen Scheffler stopped the car, an officer opened the door to arrest him, Darlington reported. Scheffler, the defending Masters champion and winner of four of his last five starts, entered Friday tied for 12th place.
Persons: — Scottie Scheffler, Scheffler, ” Scheffler, John Mills, Louisville Mayor Craig Greenberg, Mills, ” Greenberg, , , ESPN’s Jeff Darlington, Scheffler “, Bryan Gillis, Gillis, Darlington, ” John Bradley, ‘ I’m, I’m, Steven Romines, teed, — Ben Burrows, Michael Reaves Organizations: PGA, Golf, Louisville Metro Police, America, Louisville Mayor, ” Police, Louisville Police Department, Louisville Metropolitan Department of Corrections, Louisville, Louisville police Locations: LOUISVILLE, Ky, Louisville, Valhalla
Read previewAs World War II ended and the Iron Curtain fell over Eastern Europe, relations deteriorated between the Soviet Union and its Western allies. Zhukov had developed an intense liking for Coca-Cola, a drink now illegal in the Soviet Union. PH/Sherman Montrose ACMECoca-Cola's steadfast support for the Allied war effort helped make it both distinctly American and recognizable worldwide. CORBIS/Corbis via Getty ImagesAt Zhukov's request, the new beverage wasn't put in the usual Coke bottles but instead in unmarked, straight-edged bottles. Its rival Pepsi eventually gained a virtual monopoly in the Soviet Union, which the Soviets maintained — once trading several warships for $3 billion worth of Pepsi — until 1985.
Persons: , Georgy Zhukov, Zhukov, Truman, Robert Woodruff, Dwight Eisenhower, Richard Bong, Henry, Hap, Arnold, Coke, Eisenhower, Getty Images Zhukov, Mark W, Clark, Harry Truman, James Farley, It's Organizations: Service, Soviet Union, Business, Sherman, Sherman Montrose ACME, US, US Army, Army Air Forces, Allied, Keystone, Getty Images, Cola Export Corporation, Getty, Cola, Pepsi Locations: Eastern Europe, Soviet, Soviet Union, Cassino, Italy, Sherman Montrose, North Africa, Coke, Montgomery, Frankfurt, Germany, France, American, Austria, Dehradun, India, Vienna, East
In clinical trials, Amgen's drug has been shown to reduce tumor growth and help people with small-cell lung cancer live significantly longer. Of the more than 2.2 million patients who are diagnosed with lung cancer worldwide each year, small-cell lung cancer comprises 15%, or 330,000, of those cases, Amgen said. There are around 35,000 patients with small-cell lung cancer in the U.S., Dr. Jay Bradner, Amgen's chief scientific officer, told CNBC. Small-cell lung cancer usually starts in the airways of the lung and grows rapidly, creating large tumors and spreading throughout the body. Maida Mangiameli, a small-cell lung cancer advocate and patient mentor from Naperville, Illinois, is also a survivor of the devastating disease.
Persons: Amgen, Jay Bradner, Bradner, Lynne Bell, Amgen's, Bell, I'm, Maida, Mangiameli, Amgen's Bradner Organizations: Drug Administration, of Cancer, CNBC, American Cancer Society Locations: U.S, Atlanta , Georgia, Naperville , Illinois
After a period of steady underperformance, investors should pick up shares of biotech Prime Medicine as regains the market's favor, according to Citi. Analyst Samantha Semenkow upgraded the preclinical-stage company to buy from neutral and kept her price target of $10 per share, which implies 47.9% potential upside from the stock's latest close. To be sure, Semenkow said she remains cautious on Prime's cash position and expects the Cambridge-based company to need to raise again in the next 12 to 18 months. Ongoing [business development] efforts could provide a source of non-dilutive cash and potential upside to her target price, she added. The company also had significantly more cash and cash equivalents on hand at the end of the previous quarter compared to the end of last year.
Persons: Samantha Semenkow, Semenkow Organizations: Prime Medicine, Citi, and Drug Administration, Cambridge, Research Locations: hematology
In the 12 months since his layoff, Martins said he's been actively looking and applying for jobs but hasn't had much luck. In recent years, the rise of remote work and historically high job openings have helped more people with health issues find employment. But remote jobs aren't as common as they used to be — and there's competition to land one. AdvertisementThe share of US remote job postings on LinkedIn fell from over 20% in April 2022 to about 10% in December 2023. But without a job, he's had to deal with some financial stresses.
Persons: , Felipe Martins, Martins, He'd, didn't, he's, hasn't, he'd, He's, doesn't, scammers Organizations: Service, Business, Bureau of Labor Statistics, San Francisco Fed, Social, BLS, LinkedIn, scammers, Federal Trade Commission Locations: Utah, Washington
Warren Buffett's purchase of a 6.4% stake in Chubb makes perfect sense as the insurer checks all the boxes of the Oracle of Omaha's investment criteria, according to Deutsche Bank. "We believe that Chubb is an ideal fit for Warren Buffett's investment philosophy, characterized by high-quality business with strong [returns on equity], a robust economic moat, a proven track record of compounding returns, and a distinguished management team," Deutsche Bank analyst Cave Montazeri wrote in a note to clients. Buffett's Berkshire Hathaway unveiled a $6.7 billion stake in Zurich-based Chubb in a new regulatory filing, ending months of speculation over the identity of the secret stock pick. Deutsche Bank said Chubb has a disciplined approach to underwriting and capital allocation and, in the near term, should benefit from earned pricing above loss costs, strong investment income and growth in its international operations. CB ALL mountain Chubb Deutsche Bank has a buy rating on Chubb and a 12-month price target of $278, implying a 10% gain from Wednesday's close of $252.97.
Persons: Warren Buffett's, Chubb, Warren, Cave Montazeri, Berkshire Hathaway, Montazeri, — CNBC's Michael Bloom Organizations: Oracle, Deutsche Bank, Berkshire, Securities and Exchange Commission, Chubb Deutsche Bank, ISI, Alleghany Corp Locations: Zurich, U.S, Omaha, Berkshire
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