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Ms. Daniels could take the stand to testify against Mr. Trump as early as this week. Her presence would let Mr. Trump’s defense lawyers attack Ms. Daniels as an extortionist and question her credibility. Nor can she testify about the plan for Mr. Trump to hide his reimbursements to Mr. Cohen by characterizing them as legal fees. Mr. Trump’s lawyers contend that he did not know that the checks he signed for Mr. Cohen were not for legal fees, and that Mr. Cohen and Mr. Trump’s employees were responsible for any false records. “He has never thought that the little man, or especially women, and even more, women like me, matter,” Ms. Daniels said.

Persons: Donald J, Trump, Stormy Daniels, Daniels, Alvin L, Bragg, Trump’s, Michael Bachner, Bachner, Dave Sanders, Stephanie Clifford, Barrett, “ I’m, Donald Trump, ” Ms, Norm, ”, Peacock, J., r. “ Organizations: Mr, The New York Times Locations: Manhattan, New York City, Baton Rouge, La, Texas, Florida, New York

☆ The next airport terminal lounge or club you pass may also be a bank branch
▼ + stars: | 2024-05-03 | by ( Kevin Williams | ) www.cnbc.com time to read: +9 min

"One woman wanted to rent my office to work," remembers Lisa Slocum, the airport Fifth Third Bank branch manager. Capital One closed its branch at Washington, D.C.'s Dulles International Airport in 2020, instead creating "airport lounges" for cardholders in Dulles, along with similar spots at airports in Denver and Dallas. Yet full-service airport bank branches are a relative rarity, surprising in a retail landscape that often resembles an upscale mall more than a terminal. Fifth Third BankWells Fargo operates a full-service branch in Las Vegas's Harry Reid International Airport, and according to a bank spokeswomen, has a multi-year relationship with the airport that involves both the branch and multiple ATMs throughout terminals. McAdam says ATMs and advanced-function kiosks are one thing, but a full-service branch, except maybe in the largest markets, is overkill.

Persons: Kevin Williams Nicolette Nelson, Nelson, It's, Lisa Slocum, Slocum, Hannah Thelen, Ashley Thelen, Mindy Kershner, CVG's, Marketing Brent Andersen, Andersen, that's, Chase, John Sieg, Sieg, Harry Reid, Wells Fargo, Brian Davis, Paul McAdam, Power, McAdam Organizations: Northern, Northern Kentucky International, Fifth Third Bank, Fifth, Bank, TSA, Third, Dulles, Airport, Capital One, Washington , D.C, Wings Credit Union, Paul International Airport, Wings, Marketing, JPMorgan Chase, PNC, Sky, Fifth Third Bank Wells, Harry Reid International Airport, Truist Bank, Hartsfield, Jackson Atlanta International Airport, Financial Locations: Fairbanks, Cincinnati, Northern Kentucky, Spain, Washington ,, cardholders, Dulles, Denver, Dallas, it'd, Kentucky, Minneapolis, St, Las, Vegas, New York City, New York

☆ How climate change is beginning to be built into employee pay and benefits
▼ + stars: | 2024-04-13 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +8 min

There are some companies all-in, as a brand, in fighting climate change , such as Patagonia. So-called green perks, also referred to as climate change benefits, could help to bridge that gap. A rising, though still marginal trend in the job market, employee enticement and compensation packages tied to climate change can help to make these abstractions clearer and more actionable in the workplace. "There's a nascent but growing interest in climate change benefits," Schneider said, pointing out that Google searches for commuter benefits, as an example, are trending up. Green perks are a benefits arena where the demand would seem to outstrip supply, and green commuter benefits may be the first indication of a wider adoption wave.

Persons: enticement, WTW, Caroline Mangiardi, Mangiardi, Lauren Schneider, it's, Schneider, Mercer, Lizzy Kolar, Kolar, Kolar's Organizations: Walmart, Apple, Bank of America, Compt, CSR, employee's CSA, Fortune Locations: Bentonville , Arkansas, Patagonia, Bentonville —, Bentonville, employee's

☆ For Trump and Biden, attention on North Carolina will linger well past Super Tuesday
▼ + stars: | 2024-03-02 | by ( Steve Contorno | Jeff Zeleny | ) edition.cnn.com time to read: +11 min

North Carolina, which Trump narrowly won in 2020, is emerging as a critical piece of Biden’s reelection strategy. It has been 16 years since Barack Obama delivered a North Carolina surprise in 2008. Former President Donald Trump gestures after speaking at the North Carolina Republican Party convention in Greensboro on June 10, 2023. She isn’t sure how much longer Republicans can hold the line in North Carolina. “Yes, we have had more growth in our urban communities, and it’s going to make North Carolina trend bluer in the future,” Anderson said.

Persons: North Carolina CNN — Donald Trump, Nikki Haley, Joe Biden, ”, Paul Shumaker, “ It’s, Haley, Kamala Harris, ” Harris, Barack Obama, Biden, Donald Trump, Chuck Burton, Sarah Reidy, Jones, Charlotte ” –, “, Trump, ” Haley, Lisa Murkowski, Susan Collins of, Will Trump, Haley’s, Harris, Peter Zay, scoff, Billy Ward, ” Trump, Susie Wiles didn’t, battlegrounds “, ” Wiles, Michael Whatley, Ronna McDaniel, Whatley, MAGA, Thom Tillis, Mark Robinson, Robinson, Roy Cooper, Ben McKeown, Anderson Clayton, ” Clayton, we’ve, ” Anderson, CNN’s Alayna Treene Organizations: North Carolina CNN, Republican, Trump, Democratic, North Carolina Republican Party, GOP, South, Biden, White, College, Duke University, University of North, Getty, Wake County Republican Party, CNN, North, North Carolina GOP, Republican National Committee, Republicans, Gov, state’s Democratic Party, Conservative, “ Locations: Raleigh, North Carolina, Michigan, “ North Carolina, Durham, Wake County, Mecklenburg County, Charlotte, Wake, Mecklenburg, –, Greensboro, Seattle, South Carolina, Alaska, Susan Collins of Maine, Carolina, University of North Carolina, Durham , North Carolina, Anadolu, GOP’s, Raleigh , North Carolina, Russia, Ukraine, Southern

☆ Suspect Don Steven McDougal in Texas girl’s death is family friend who was supposed to take her to bus stop, authorities say
▼ + stars: | 2024-02-20 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +6 min

The suspect is already in custody after being arrested Friday night on unrelated aggravated assault charges, according to the sheriff’s office. McDougal, a friend of Audrii’s father, lived in a trailer on the family’s property and sometimes took the girl to catch her school bus in the neighborhood, according to Lyons. Investigators located Audrii’s remains using cell phone records, video analysis and information from McDougal, Lyons said. In 2007, he was convicted of enticing a child in Brazoria County, Texas. Amid the anxiety and uncertainty of Audrii’s disappearance, her mother said she now understands the pain of the parents of missing children who she had only ever heard about on the news.

Persons: Audrii Cunningham, Audrii’s, Don Steven McDougal, McDougal, Shelly Sitton, Byron Lyons, Lyons, Lyons doesn’t, ” Lyons, Audrii, “ I’m, ”, “, ” McDougal, ” Elic Bryan, Bryan, ” Bryan, Brent Hawkins, “ There’s, ” Matthews, didn’t, Matthews, ” CNN’s Caroll Alvarado, Andy Rose, Jillian Sykes, Rosa Flores, Sara Weisfeldt, Holly Yan Organizations: CNN, Prosecutors, Livingston –, Livingston Independent School, Facebook, KPRC Locations: Texas, Polk County, Trinity, Harris County, Livingston, Houston, Don Steven McDougal Polk, McDougal, Lake Livingston, Brazoria County , Texas

☆ Former high-ranking FDIC attorney Mark Black pleads guilty in child sex exploitation case
▼ + stars: | 2024-01-23 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

A former high-ranking lawyer at the Federal Deposit Insurance Corporation pleaded guilty Tuesday in federal court to conspiring to sexually exploit multiple children and now faces a mandatory minimum prison sentence of 15 years. "Black and his co-conspirators would covertly record this conduct and share the videos with each other," the DOJ said. Black pleaded guilty Tuesday in U.S. District Court in Alexandria, Virginia, to one count of conspiracy to produce child pornography and one count of coercion and enticement. He faces a mandatory minimum sentence of 15 years in prison and a maximum sentence of life behind bars. The FDIC said Black's criminal activity "had nothing whatsoever to do with the FDIC," and did not involve the use of agency computers or other devices.

Persons: Mark Black, Black Organizations: Federal Deposit Insurance Corporation, Arlington Aquatic, FDIC, Justice, DOJ, CNBC, FBI, U.S . Center, SafeSport, U.S, Olympic Locations: Arlington, Virginia, Arlington ., U.S, Alexandria , Virginia

☆ Here's why the U.S. stock market and economy don't need or even miss China
▼ + stars: | 2023-11-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +16 min

Yet, the Fed chief was roundly criticized for avoiding tightening because the economy wouldn't slow down; nor would inflation. The country adopted a strict Covid policy that prevailed through 2022 causing its GDP to fall to 3% way below the Chinese government's 5.5% target. Meanwhile, Chinese President Xi Jinping acted as if nothing had weakened and only strengthened his hold on lifetime power. The S&P 500 advanced 14% over the next two years, but China's market sank nearly 1.5% during the same period. Meanwhile, Chinese President Xi Jinping acted as if nothing had weakened and only strengthened his hold on lifetime power.

Persons: Jerome Powell, couldn't, Powell, Donald Trump, Joe Biden, Nancy Pelosi, Pelosi, Biden, Xi Jinping, Xi, It's, China hasn't, Trump, Jim Cramer's, Jim Cramer, Jim, Tasos Katopodis, Brendan Smialowski Organizations: Federal Reserve, Fed, Initiative, Taiwan Semiconductor Manufacturing Company, Nike, Apple, Starbucks, Trump, Nvidia, United Auto Workers, UAW, Pfizer, CNBC, Federal, Financial, Treasury Department, Capitol, Reuters, Economic Cooperation, Afp, Getty Locations: U.S, China, United States, Taiwan, San Francisco, Mexico, Washington , U.S, Asia

The negotiations, meant to provide a way out of Venezuela's long-running political and economic crisis, will take place in Barbados. The U.S. State Department celebrated the announcement of the return to talks but did not mention sanctions relief. Some members of the opposition said on Monday that they doubted Maduro would follow through on his promises. But with no substantial investment in Venezuela's oil sector for over a decade, any real oil output increase will take time, according to analysts. The return to talks between Maduro's government and the opposition was announced in a statement published by Norway, an observer.

Persons: Elvis Hidrobo Amoroso, Jesus Maria Casal, Venezuela's, Leonardo Fernandez Viloria, Nicolas Maduro, Joe Biden's, Donald Trump's, Maduro, Maria Corina Machado, Maurel, PDVSA, Maduro's, Washington, Biden, John Barrasso, Mayela Armas, Matt Spetalnick, Marianna Parraga, Julia Symmes Cobb, David Gregorio Our Organizations: Electoral Council, Primary Commission, REUTERS, Rights, U.S . State Department, Reuters, U.S, Republican U.S, United Nations, Thomson Locations: Caracas, Venezuela, Rights CARACAS, WASHINGTON, HOUSTON, Washington, U.S, Maduro, Barbados, United States, Venezuelan, The U.S, Qatar, China, Russia, Cuba, Ukraine, OPEC, America, Norway, Houston

On Saturday, the sheer magnitude of the ancient Hopewell culture's reach was lifted up as enticement to a new set of visitors from around the world. Four other sites within the historical park — Hopewell Mound Group, Seip Earthworks, Highbank Park Earthworks and Hopeton Earthworks — join Fort Ancient Earthworks & Nature Preserve in Oregonia and Great Circle Earthworks in Heath to comprise the network. “Now is the time, and to have our traditional, our ancestral sites acknowledged on a world scale is phenomenal,” she said. “We need it culturally, we need it economically, we need it socially," she said. You can't take this away, and so, therefore, it draws us all together in a very unique way,” she said.

Persons: Glenna Wallace, ” Wallace, Bruce Lombardo, Julius Caesar, Mike DeWine, ” Nita Battise, ”, “, ” Kathy Hoagland, ” Hoagland, Chuck Sams Organizations: UNESCO, Heritage, Republican Ohio Gov, Park Service Locations: CHILLICOTHE , Ohio, North, Ohio, Shawnee, Oklahoma, Hopewell, North America, Chillicothe, ”, Columbus, Machu Picchu, China, Mound City, Scioto, ., Fort, Oregonia, Heath, Ross County, United States, Alabama, Texas, Frankfort , Ohio, American, America

☆ R. Kelly and Universal Music Group must pay over $500,000 in music royalties to his victims, judge rules
▼ + stars: | 2023-08-25 | by ( Minyvonne Burke | ) www.cnbc.com time to read: +3 min

Disgraced musician R. Kelly and Universal Music Group must pay more than $500,000 in music royalties to his sexual abuse victims, a New York judge ruled. As part of his sentencing in the case, Kelly, Universal and Sony Music Entertainment were ordered to pay his half-million dollar debut. Universal Music Group is holding at least $567,444.19. Universal Music Group did not immediately respond to a request for comment on Friday. Kelly, 56, was found guilty in September 2021 on nine counts of sex trafficking and racketeering in a high-profile sex trafficking case.

Persons: Kelly, Ann Donnelly, Robert Sylvester Kelly, — Daniel Arkin, Adam Reiss Organizations: Universal Music Group, U.S, Eastern, of New, Universal, New, Sony Music Entertainment, Prosecutors, Sony, Universal Music, Attorney's, Hennepin County Attorney's Locations: Leighton, Chicago, New York, of New York, Brooklyn, U.S, York, Minnesota, Hennepin County

☆ Movie Theaters Are Essential. We Need to Treasure Them Before They’re Gone. - The New York Times
▼ + stars: | 2023-07-30 | by ( Mark Jacobson | ) www.nytimes.com time to read: +2 min

I was there with 200 or so other patrons, a gloriously mixed crowd, to see “Oppenheimer,” one half of the Barbenheimer cultural moment. For a moment, it was possible to forget the grim realities that still linger for the cinema business, circling like vultures. So is Regal, which narrowly avoided having to close its theater in Union Square. On the day before the blockbuster weekend, the Regal UA in Staten Island, one of the last remaining theaters in that borough, closed its doors for good. In the time of streaming and 146-inch TV screens, the simple act of going out to the movies feels contrarian, even subversive.

Persons: “ Oppenheimer, ”, beheld, we’d, tellingly Organizations: AMC, Regal UA, Paris, Netflix, Radio City Music Hall, Machine, Union Locations: New Mexico, Union, Staten Island, Manhattan, York

July 24 (Reuters) - Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, launched on Monday. Blockchains can store the World IDs in a way that preserves privacy and can't be controlled or shut down by any single entity, co-founder Alex Blania told Reuters. The project says World IDs will be necessary in the age of generative AI chatbots like ChatGPT, which produce remarkably humanlike language. Altman told Reuters Worldcoin also can help address how the economy will be reshaped by generative AI. Since only real people can have World IDs, it could be used to reduce fraud when deploying UBI.

Persons: Sam Altman, Alex Blania, Altman, Reuters Worldcoin, ”, UBI, Anna Tong, Juby Babu, Elizabeth Howcroft, Kenneth Li, Navaratnam, Philippa Fletcher Organizations: Humanity, Reuters, Thomson Locations: San Francisco, Berlin

☆ Worldcoin: OpenAI's Sam Altman launches crypto project
▼ + stars: | 2023-07-24 | by ( ) edition.cnn.com time to read: +2 min

Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, launched on Monday. Blockchains can store the World IDs in a way that preserves privacy and can’t be controlled or shut down by any single entity, co-founder Alex Blania told Reuters. The project says World IDs will be necessary in the age of generative AI chatbots like ChatGPT, which produce remarkably humanlike language. Altman told Reuters Worldcoin also can help address how the economy will be reshaped by generative AI. Since only real people can have World IDs, it could be used to reduce fraud when deploying UBI.

Persons: Sam Altman, Alex Blania, Altman, Reuters Worldcoin, ”, ” Altman, UBI Organizations: Humanity, Reuters Locations: San Francisco, Berlin

☆ Green shoots for the IPO market? More companies are looking at going public
▼ + stars: | 2023-06-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The Great IPO Drought has gone on for 18 months, but some are hopeful that may be ending. It still is a mid-sized deal, but it's getting more attention than usual because there is some hopes the Great IPO Drought may have a shot at ending. "A market rise is a necessary precursor for a rebound in IPOs," Matt Kennedy, senior IPO market strategist for Renaissance Capital, told me. Kennedy would know: Renaissance Capital runs the Renaissance Capital IPO ETF, a basket of recent IPOs. It's a long slog back to a 'normal' IPO market As bad as it has been in 2023, it's better than it was in 2022.

Persons: Matt Kennedy, Santosh Rao, Kennedy, DoorDash, Kenvue, Johnson, It's, it's, Cava, Rao Organizations: NYSE, Renaissance Capital, Manhattan Venture Partners, Capital, ARM, Foods, Saks Locations: Cava, IPOs, Snowflake, Palantir, Chao

CNN —A Michigan teen who used a slingshot to ward off a kidnapper from his sister told CNN he “grabbed anything I could get” to save her. Shane Smith told CNN Saturday. Owen spotted the attack from inside his home and used his slingshot to hit the attempted kidnapper twice. The kidnapper then fled into the woods, taking a well-used trail used by the community, police said. Owen said he got his first slingshot when he was “probably seven or eight.”Owen said the community in Alpena has been showing support for him.

☆ There's a cheat code out there to help businesses cut supply-chain emissions — but hardly anyone uses it
▼ + stars: | 2023-05-05 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

That's because they'll travel on different models of ships and likely at different speeds — maybe even with different fuel. The toy giant Hasbro, for example, has pledged to reach net-zero emissions by 2050 — with a 40% reduction by 2030. Eventually, they'll have to wade into their supply chains — where 90% of most companies' emissions come from — and transportation is a key element. When companies look closer, they often find they're producing fewer emissions than they think, and identifying places to reduce gets even easier. Saving money equals reduction," Eric Rempel, the chief innovation officer of Redwood Logistics, said.

CNN —Disgraced R&B singer and convicted sex trafficker R. Kelly has been transferred to a federal prison in North Carolina. R. Kelly, whose full name is Robert Sylvester Kelly, was moved to FCI Butner Medium I, a “medium security federal correctional institution,” according to the Federal Bureau of Prisons website. The Butner complex sits north of the Raleigh-Durham area and includes two medium security facilities, a low-security facility and a medical facility. He was already serving a 30-year sentence on racketeering and sex trafficking charges after being convicted in New York in September 2021. “Numerous seated jurors were either familiar with accusations that Defendant had a history of sexually abusing underage girls, had previously faced legal problems, and/or had seen the highly unflattering docuseries, Surviving R. Kelly, in which several government witnesses had appeared,” a brief filed last Wednesday said.

☆ R. Kelly is appealing his 2021 sex trafficking and racketeering convictions in New York and wants a new trial
▼ + stars: | 2023-04-20 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

CNN —Disgraced R&B singer R. Kelly is appealing one of his two federal convictions – his September 2021 guilty verdicts on sex trafficking and racketeering charges in New York – and is seeking a reversal of that conviction or a new trial, court documents show. In a brief filed Wednesday, the singer’s attorneys argue at least four seated jurors in the New York case were already familiar with the sex trafficking accusations raised against R. Kelly prior to trial, with some having seen a documentary series about him. R. Kelly was sentenced to 30 years in prison in a New York federal court after a jury convicted him of nine counts, including one charge of racketeering and eight counts of violations of the Mann Act, a sex trafficking law. His attorneys allege the prosecution failed to show there was a “collective of individuals who shared any common purpose other than to promote” R. Kelly’s music. The singer’s attorneys are also seeking to vacate those orders and return the funds confiscated from his trust account.

☆ Meta launches a tool to proactively prevent sextortion of teens
▼ + stars: | 2023-02-27 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

CNN —Meta is taking steps to crack down on the spread of intimate images of teenagers on Facebook and Instagram. To create a hash of an explicit image, a teen can visit the website TakeItDown.NCMEC.org to install software onto their device. Meanwhile, President Biden demanded in his latest State of the Union address more transparency about tech companies’ algorithms and how they impact their young users’ mental health. Meta recommends teens who have multiple copies of the image or edited versions make a hash for each one. “There’s no one panacea for the issue of sextortion or the issue of the non-consensual sharing of intimate images,” Davis said.

☆ R. Kelly Sentenced to 20 Years in Chicago Sex Case, Extending Prison Time by One Year
▼ + stars: | 2023-02-23 | by ( Associated Press | ) www.wsj.com time to read: 1 min

A Chicago judge sentenced R. Kelly to 20 years in prison in a nearly simultaneous sentence with a prior conviction. R. Kelly was sentenced on Thursday to 20 years in prison for child pornography and enticement of minors for sex. He will serve all but one of those years simultaneously with a 30-year sentence on racketeering and sex trafficking convictions. U.S. District Judge Harry Leinenweber ordered that Mr. Kelly serve one year in prison following the racketeering sentence, imposed last year in New York.

☆ Frozen Afghan Funds Have Done Little to Sway Taliban
▼ + stars: | 2023-02-08 | by ( Daniella Cheslow | ) www.wsj.com time to read: 1 min

The U.S. wants Kabul’s central bank, the Da Afghanistan Bank, to show it is independent and ready to counter money-laundering and terrorism financing. When the Biden administration seized $7 billion of Afghanistan’s central bank reserves two years ago, it set aside half for victims of the Sept. 11 attacks, and deposited the rest in a Swiss-based fund that it said would benefit the Afghan people. Today, that $3.5 billion remains frozen. The Taliban-controlled central bank says it wants the money to stabilize its crippled financial sector. In the U.S., officials close to the situation say the money hasn’t been enough of an enticement to dissuade the Islamist regime from policies the U.S. and the West find objectionable.

☆ Biden's Cabinet is sticking around, bucking the turnover trend of his predecessors
▼ + stars: | 2023-01-23 | by ( Peter Nicholas | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Carol-Lee-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +7 min

By early 2019, Trump had cycled through seven of 15 Cabinet secretaries and was on his third chief of staff. A White House official said Mayorkas would fight any such attempt and has no wish to step down. The durability of Biden’s Cabinet is something of a surprise. Going back decades, presidents have steadily concentrated power in the White House, at the Cabinet’s expense, historians say. Some Cabinet secretaries have felt marginalized as presidents stocked the West Wing with trusted advisers and usurped the prerogatives of Cabinet members who had thought they were brought in to run things.

☆ Over 3,000 minor victims were targeted in ‘sextortion’ crimes in the past year, U.S. law enforcement says
▼ + stars: | 2022-12-20 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

Federal law enforcement officers are cracking down on a scheme that aims to extort sexual imagery from children and teens after a dramatic increase in incidents over the past year. Sometimes, a predator shares imagery regardless of whether a victim meets payment demands, according to federal officials. Law enforcement officials say prevention is the best weapon against sextortion. The sextortion cycle generally ends when a victim tells an adult or the offender is discovered by law enforcement. "We will continue to partner with federal, state and local law enforcement to protect children from sexual exploitation in all its despicable forms."

☆ Move over kiddo. Teens and grownups want their own teddy bears
▼ + stars: | 2022-12-07 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNNBusiness —We know young kids love teddy bears and cute cuddly stuffed animals. But Build-A-Bear Workshop says older consumers can’t resist them, either. Shoppers can stuff a teddy bear or another furry animal and personalize it with clothes, accessories and their own voice-recorded message. Among the older shoppers are collectors and gift buyers. Courting teens and older customers has benefits.

☆ How Elon Musk’s Twitter Faces Mountain of Debt, Falling Revenue and Surging Costs
▼ + stars: | 2022-11-21 | by ( Mark Maurer | ) www.wsj.com time to read: +10 min

Elon Musk says his $44 billion Twitter takeover might result in a bankruptcy filing. To make the deal work, Mr. Musk has been trying to add subscription revenue and reassure advertisers about the platform’s future. What’s more, the company’s debt stack now includes floating-rate debt, meaning that interest costs are set to rise as the Federal Reserve continues to increase interest rates. Twitter’s credit ratings, which were below investment grade before the transaction with Mr. Musk, have deteriorated further. For that, Mr. Musk would need to persuade potential investors that he has a viable long-term business plan, he said.

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