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☆ CNBC Daily Open: Roaring Kitty's wealth, Modi's victory
▼ + stars: | 2024-06-05 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

The S&P 500 inched up 0.15% and the Nasdaq Composite did marginally better, up 0.17%. Bath & Body Works was the worst-performing stock on the S&P 500, plunging almost 13% on disappointing guidance. With his 5 million shares of GameStop, if he were to exercise his 120,000 call options at $20 apiece, that would give him an additional 12 million shares — making him the fourth-largest shareholder in the games retailer. [PRO] June highThe S&P 500 will rally to fresh all-time high of 5,500 by the end this month, according to Fundstrat Global Advisors' Tom Lee. With the S&P 500 finishing Monday's trading session at 5,283.40 the forecast calls for upside of 4%.

Persons: Modi, Narendra Modi, Modi's, Keith Gill, Gill, Elon Musk, Tesla, Musk, Tom Lee, CNBC's Pia Singh, what's Organizations: CNBC, Dow Jones, Nasdaq, Body, Treasury, Bharatiya Janata Party, BJP, National Democratic Alliance, GameStop, Nvidia, Federal Reserve, Fundstrat Global Locations: Tesla

☆ Two major investor groups with $6 trillion at work agree these are good stocks, according to Goldman analysis
▼ + stars: | 2024-06-05 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Hundreds of mutual funds and hedge funds overlap in their investments, creating some shared favorites between the two different investment vehicles, according to Goldman Sachs. This basket of stocks—which includes Danaher , Mastercard , Vertiv and Uber —are constituents of both Goldman's Hedge Fund VIP and Mutual Fund Overweight baskets. "Hedge funds and mutual funds have boosted exposures to equities this year, with hedge fund net leverage rising near its highest level over the past year and mutual fund cash balances dropping to record lows. Visa shares are up about 4.6% for the year, lifted by stronger-than-expected earnings in the fiscal second quarter. Both stocks have had a tough quarter, however, with Visa falling 2.4% since the end of March, while Mastercard shares have lost 7.6%.

Persons: Goldman Sachs, Vertiv, Uber, David Kostin, Kostin, Goldman, Alexander Blostein Organizations: Mastercard, VIP, Mutual Fund, FactSet, KKR, Visa, Tuesday's Locations: FRE

☆ Israel Secretly Targets U.S. Lawmakers With Influence Campaign on Gaza War
▼ + stars: | 2024-06-05 | by ( Sheera Frenkel | ) www.nytimes.com time to read: +1 min

Israel organized and paid for an influence campaign last year targeting U.S. lawmakers and the American public with pro-Israel messaging, as it aimed to foster support for its actions in the war with Gaza, according to officials involved in the effort and documents related to the operation. The covert campaign was commissioned by Israel’s Ministry of Diaspora Affairs, a government body that connects Jews around the world with the State of Israel, four Israeli officials said. The campaign began in October and remains active on the platform X. At its peak, it used hundreds of fake accounts that posed as real Americans on X, Facebook and Instagram to post pro-Israel comments. The campaign also created three fake English-language news sites featuring pro-Israel articles.

Persons: Israel, Hakeem Jeffries, Raphael Warnock of Organizations: Israel’s Ministry of Diaspora Affairs, State, Facebook, Black Locations: Israel, Gaza, Tel Aviv, New York, Raphael Warnock of Georgia

☆ How a pro-Trump media outlet allegedly funneled tens of millions in an illicit money laundering scheme
▼ + stars: | 2024-06-05 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

The sophisticated scheme boosted revenue flowing into the coffers of The Epoch Times, the Justice Department said. In one year, revenue at the Trump-boosting outlet ballooned 410%, jumping from $15 million to about $62 million, the Justice Department added. But, when CNN asked for further comment on Tuesday, The Epoch Times brass chose to stay mum. The indictment said there was an entire group at The Epoch Times that took part in the alleged money laundering scheme. Notably, Tang and Fakkert declined to answer questions about whether they were aware of the alleged scheme.

Persons: Donald Trump’s, Weidong Guan, Guan, MAGA, Gong, Mark Zuckerberg, Trump, ”, “, Department’s, Guan —, John Tang, Jasper Fakkert, Tang, Fakkert, It’s Organizations: New York CNN, Department of Justice, Times, Epoch Times, Justice Department, Trump, Department, Fox News, New York Times, Facebook, NBC News, Epoch, CNN, Outfront, PayPal, Justice Locations: New York, ”, China

☆ Police Arrest 13 Protesters Who Occupied Stanford President’s Office
▼ + stars: | 2024-06-05 | by ( Heather Knight | More About Heather Knight | ) www.nytimes.com time to read: +1 min

Police officers arrested 13 pro-Palestinian protesters on Wednesday who had barricaded themselves in the office of the president of Stanford University and demanded that administrators meet several demands, including a vote by the university trustees on whether to divest from companies that are said to support Israel's military. The protesters had entered the building around 5:30 a.m. on Wednesday, and university police officers arrived at the scene after they were alerted of the occupation, according to Ms. Mostofi. The building houses the offices of the university’s president, Richard Saller, and provost, Jenny Martinez, among others. Wednesday is the final day of classes for the spring quarter at Stanford. An encampment that Pro-Palestinian protesters established in late April remains on a campus quad.

Persons: Dee Mostofi, Mostofi, Richard Saller, Jenny Martinez Organizations: Stanford University, Stanford Locations: Stanford, Israel

☆ Pro Skier and Partner Fall to Their Deaths in the Italian Alps
▼ + stars: | 2024-06-05 | by ( Victor Mather | More About Victor Mather | ) www.nytimes.com time to read: +1 min

A professional skier and his girlfriend fell more than 2,000 feet to their deaths while mountain climbing in the Italian Alps, sports officials in the country said. As is common in climbs of this kind, they were tied together. They were alone, so it is not known precisely how or why they fell. When family members reported them missing, rescuers began a search. The Italian television channel TG3 reported that the pair were almost at the summit when they fell.

Persons: Jean Daniel Pession, Elisa Arlian, FISI, Mr, Pession, Arlian Organizations: TG3 Locations: Italian, Monte Zerbion

☆ Jack Smith moved to gag Trump from claiming the FBI plotted his assassination. The motion could strategically reveal Judge Aileen Cannon's alleged bias.
▼ + stars: | 2024-06-05 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSpecial counsel Jack Smith and lawyers for Donald Trump are fighting over a proposed gag order that would prevent the former president from claiming the FBI plotted to assassinate him during their August 2022 raid on Mar-A-Lago. This story is available exclusively to Business Insider subscribers. "Judge Cannon has issued — or not issued — some very bizarre orders, but given that Judge Cannon has seemingly sided with Trump at every possible turn, I wouldn't be surprised if she did not issue this order." Representatives for Smith's office and lawyers for Trump did not respond to requests for comment from Business Insider.

Persons: —, Jack Smith, Donald Trump, Smith, Aileen Cannon, Cannon, Trump, George Conway, Kellyanne Conway, Ty Cobb, Tracy Pearson, Kevin McMunigal, McMunigal, Neama, Rahmani, Judge Cannon, Pearson, that's Organizations: Service, Trump, Business, Circuit, Washington Post, Trump White House, CNN, New York Times Locations: Mar

☆ Crypto billionaire Michael Novogratz says bitcoin will surge above $100,000 this year as politicians warm up to it
▼ + stars: | 2024-06-05 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Crypto bull Michael Novogratz says bitcoin could top $100,000 by year-end. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBitcoin could break past $100,000 by the end of this year as political roadblocks come down, Galaxy Digital CEO Michael Novogratz told Bloomberg TV. There's been about 150 million on its way to $250 million in these crypto Super PACs," he said. As political obstacles clear, Novogratz expects it will lead to legislation that can spur crypto upside.

Persons: Crypto, Michael Novogratz, bitcoin, —, Novogratz, he's, We're, it's, There's, Donald Trump Organizations: Bloomberg, Service, Galaxy Digital, Securities and Exchange Commission, Innovation, Technology, Century

☆ The super-rich are moving cash to one city, wealth manager says, revealing how they're investing
▼ + stars: | 2024-06-05 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

"A lot of wealth, especially from ultra-high-net-worth individuals, is moving to Dubai," Dhruba Jyoti Sengupta, CEO of Wrise Private Middle East, told CNBC Pro on May 31. Sengupta — whose firm serves ultra-high-net-worth and high-net-worth individuals across Asia, the Middle East and Europe — said he regularly receives inquiries from individuals about investing in Dubai. The consultancy firm, which tracks private wealth and global investment migration trends, ranked it as the 21st wealthiest city in the world. "In fact, the super-wealthy do a lot of diversification and invest in different geographies and assets using Dubai as a gateway." Portfolio allocation Sengupta also revealed how individuals with around $10 million to invest typically allocate funds: $3 million (30%) in wealth accumulation.

Persons: Dhruba Jyoti Sengupta, Sengupta —, Europe —, Sengupta Organizations: Wrise, CNBC Pro, United Arab, Henley & Partners, Citibank Locations: India, South Korea, Dubai, Asia, East, Europe, Indonesia, United Arab Emirates, Africa

☆ Millennium org chart: The 47 executives behind Izzy Englander's $64 billion hedge-fund behemoth
▼ + stars: | 2024-06-05 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

A decade ago, Millennium Management managed $21.1 billion and had 18 senior people — all a part of the executive committee — listed on its website. Now the $64 billion multistrategy manager has 47 names on its leadership page split among divisions like the relatively new Office of the CIO. Executive teams are often just a firm's founder and a few trusted lieutenants. Many departures from the firm's top level have been executives launching their own funds or joining Millennium colleagues starting their own funds. Michael Gelband and Hyung Lee, who once ran fixed income and equities, respectively, brought the business-development pro Peter Hornick and the risk executive Dev Joneja with them when they launched ExodusPoint.

Persons: —, Izzy Englander, hasn't, Englander, Bobby Jain, Ajay Nagpal, Michael Chung, Peter Santoro, Izzy, Jain, Stephen Haratunian, Michael Gelband, Hyung Lee, Peter Hornick, Dev Joneja, Kurt Baker, Jonathan Xiong Organizations: Millennium Management, Business, Fidelity, Bloomberg, Citadel, Millennium Locations: BlackRock, New York, Asia

☆ How to sleep like a millionaire: a 5-part guide
▼ + stars: | 2024-06-05 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +5 min

Longevity investor and XPrize founder Peter Diamandis uses a relatively elaborate multi-part system for getting better sleep. Martine Paris"The Oura ring doesn't help me sleep better," Diamandis said. "It helps me remain true to my commitment," by encouraging him to get at least seven hours of sleep per night. Carlina Teteris/Getty ImagesThe most important element of Diamandis' sleep routine is the timing. Sticking to this strict sleep schedule is the only way he can guarantee he gets close to eight hours of sleep each night.

Persons: —, Peter Diamandis, it's, Diamandis, you'll, Kim Kardashian, Prince Harry, Mark Zuckerberg, Gwenyth Paltrow, Lance Armstrong, Martine Paris, Oura, Elon Musk, Mark Zuckerburg, Tim Ferriss, Carolyn Van Houten, he's Organizations: Service, Business, Washington, Getty

☆ Columbia Law Review website is down after publishing a story criticizing Israel
▼ + stars: | 2024-06-05 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —The website for the Columbia Law Review is no longer accessible following the publication of an article critical of Israel that the publication’s board said did not go through the proper review process. At issue is the publication of an article that said Palestinians are living under a “brutally sophisticated structure of oppression” by Israel. The Columbia Law Review Association is an independent nonprofit organization with its own board of directors, and it is not governed by Columbia University or its law school. The piece was published Monday, despite the board saying it had asked for a delay in publishing until June 7 pending more review. “The attempt to silence my legal scholarship on the Nakba by shutting down the entire Columbia Law Review website is not only reflective of a pervasive and anti-intellectual Palestine exception to academic freedom but is also a testament to a culture of Nakba denialism,” Eghbariah said in a statement to CNN.

Persons: “, ”, Rabea Eghbariah, ” Eghbariah Organizations: New, New York CNN, Columbia, CNN, Association, Columbia University, Harvard University Locations: New York, Israel, ”, Gaza

A gas stock and an e-commerce giant were among the stocks being talked about by analysts on Wednesday. The introduction of 2nm, a new generation of chips that are faster and consume less power than previous chips, should lead demand higher for the global semicap industry, analyst Simon Coles wrote in a note. The analyst said Amazon will continue to see growth ahead, however, as it views the e-commerce giant as a strong AI beneficiary. He added that Amazon should see continued OI expansion as Amazon Web Services accelerates and has a multi-billion-dollar AI revenue run-rate. — Pia Singh 5:46 a.m.: JPMorgan upgrades Sunoco Sunoco's recent acquisition will drive a rebound in the stock, according to JPMorgan.

Persons: Bernstein, Simon Coles, TSMC, Coles, — Pia Singh, Adrian Yanoshik, Yanoshik, Stellantis, Fadi, ODFL, Fadi Chamoun, Chamoun, Mark Shmulik, Shmulik, Sunoco, Jeremy Tonet, Tonet, Fred Imbert Organizations: CNBC, Wednesday, JPMorgan, Barclays, Taiwan Semiconductor, BMO Capital Markets, Old Dominion, Dominion Freight, Amazon, Amazon Web Services, NuStar Energy, SUN, NS Locations: U.S, Netherlands

☆ Will the AI spending boom pay off? One tech fund manager says it looks 'compelling' for some firms
▼ + stars: | 2024-06-05 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Many companies are in the AI infrastructure buildout phase right now. That's because, in order to enable AI applications, companies have to make the switch from "general purpose computing to accelerated computing," she said. "You can't run AI on traditional compute, it would be prohibitively expensive, and far too energy intensive," said Pleydell-Bouverie. That's a 35% increase from last year, she said, and all this incremental investment is being directed to AI initiatives. And the world is "only in the first five minutes of this AI infrastructure buildout," she added.

Persons: Clare Pleydell, Bouverie, Meta Organizations: Nvidia, Microsoft, Meta, Liontrust Asset Management, CNBC Pro, Google, Apple, JPMorgan, Liontrust Global Technology Fund, Technology

☆ Opinion | Will A.I. Be a Creator or a Destroyer of Worlds?
▼ + stars: | 2024-06-05 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +4 min

— artificial intelligence — is spurring curiosity and fear. paper, Acemoglu contended that artificial intelligence has the potential to improve employment prospects rather than undermine them:It is quite possible to leverage generative A.I. as an informational tool that enables various different types of workers to get better at their jobs and perform more complex tasks. Think of a generative A.I. To turn generative A.I.

Persons: Will A.I, Daron Acemoglu, David Autor, Simon Johnson, Johnson, Acemoglu, ” Acemoglu, — Tyna Eloundou, Pamela Mishkin, Sam Manning, Daniel Rock Organizations: Machines, of, World Trade Association, A.I, OpenAI, Centre, University of Pennsylvania, Labor Locations: M.I.T, United States, Autor, China, A.I

☆ Snap up gold ETF ahead of potential interest rate cuts as deficits persist, market pro says
▼ + stars: | 2024-06-04 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

It's likely to further appreciate due to a lack of progress in narrowing the deficit, Tentarelli said. Historically, gold prices have been inversely correlated with real bond yields, meaning when yields decline, gold should rally further. "Even if there's no rate cuts, I like gold based on the macro of deficit spending," the Merrill Lynch alum said. In that event, investors will want to hold the SPDR Gold Shares (GLD) ETF, Tentarelli said. But, for most, the "smartest way" to play gold is through the ETF, Tentarelli said.

Persons: Larry Tentarelli, Tentarelli, Merrill Lynch Organizations: Federal Reserve, Costco, Treasury, @HG, Copper Miners Locations: yawning, Freeport, McMoRan, Monday's

☆ How AI could supercharge the Vision Pro
▼ + stars: | 2024-06-04 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

It could also boost sales of the pricey Vision Pro, which has reportedly and unexpectedly received a production cut. During its most recent earnings call, CEO Tim Cook said more than half of the Fortune 100 companies have already bought an Apple Vision Pro. But while it’s unclear when generative AI will come to the Vision Pro, Nygugen said: “It’s only a matter of time.”That’s because the Vision Pro is merely just another interface – much like a tablet, laptop, or watch, that touches Apple’s ecosystem. The Vision Pro, the tech giant's $3,499 headset, is its first major release since the Apple Watch nine years ago. “Vision Pro just came out a few months ago and it needs to get its feet under it before it really starts to take off,” Llamas said.

Persons: it’s, Tim Cook, It’s, Siri, “, Tuong, ”, Nygugen, ” Nygugen, Angela Weiss, Ming Chi, Kuo, Jeremy Bailenson, Bailenson, Ramon Llamas, Apple, ChatGPT – Organizations: CNN, Developers, Google, Samsung, Vision, Fortune, Apple Vision, Gartner, Apple, Apple Watch, Getty, Vision Pro, Stanford, VR, IDC, Microsoft, “ Locations: Cupertino , California, New York City

☆ Watch Tuesday's full episode of the Halftime Report — June 04, 2024
▼ + stars: | 2024-06-04 | 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 EmailWatch Tuesday's full episode of the Halftime Report — June 04, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ Columbia University settles with Jewish student who sued over hostile environment on campus
▼ + stars: | 2024-06-04 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Columbia University has settled with a Jewish student who sued in late April, claiming the Ivy League university failed to provide a safe environment. As part of the settlement, Columbia said it is providing 24/7 walking escorts and safe entrances to campus. Columbia also created a “Safe Passage Liaison,” who will manage and coordinate the safe passage escorts. Columbia president Minouche Shafik acknowledged in a statement in April that many Jewish students and other students have “found the atmosphere intolerable in recent weeks.”“Many have left campus, and that is a tragedy. Title VI of the Civil Rights Act says universities and K-12 schools have a responsibility to provide all students with an environment free from discrimination.

Persons: ”, we’ve, Minouche Shafik, “, ” Shafik, CNN’s Matt Egan Organizations: New, New York CNN — Columbia University, Ivy League, Hamilton Hall, Columbia, US Department of Education’s, Civil Rights, Civil Locations: New York, Israel, Gaza, Columbia, Palestine

☆ House passes International Criminal Court sanctions bill after prosecutor seeks Netanyahu warrant
▼ + stars: | 2024-06-04 | by ( Clare Foran | ) edition.cnn.com time to read: +3 min

CNN —The House voted Tuesday to pass a bill to sanction International Criminal Court officials – House Republicans’ response to the court seeking an arrest warrant for Israeli Prime Minister Benjamin Netanyahu. It is unlikely that the Senate will take up the sanctions bill. The House passed the bill in a 247 to 155 vote, with 42 Democrats joining Republicans in support. A decision to seek arrest warrants doesn’t immediately mean an individual is guilty, but is the first stage in a process that could lead to a lengthy trial. “The Administration is deeply concerned about the ICC Prosecutor’s heedless rush to apply for arrest warrants for senior Israeli officials.

Persons: Benjamin Netanyahu, Netanyahu, Joe Biden, Karim Khan, CNN’s Christiane Amanpour, Yahya Sinwar, “, doesn’t, Mike Johnson, Biden, ” Josh Ruebner Organizations: CNN, –, Republicans, Israeli, Democrats, ICC, GOP, The Hague, Hamas, Administration, Congressional Democrats, Institute for Middle Locations: Israel, Gaza, United States, The, Netherlands

☆ Bill Ackman is probably about to get a lot richer. And much louder
▼ + stars: | 2024-06-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

The funding announced Monday puts a $10 billion price tag on Pershing Square, which manages about $16 billion worth of assets. The benefit of going public is you get to make money, obviously, so it’s not hard to see why Pershing Square would want to do it. For Ackman, in particular, being at the helm of a publicly traded company could be a particularly jarring shift. Pershing Square officially hung up its activist megaphone in 2022, opting to work with a small group of companies behind the scenes. Many of those followers are the kinds of retail investors Ackman could hope to attract to a publicly traded fund.

Persons: CNN Business ’, Bill Ackman, who’s, Ackman, ”, Lawrence J ., White, “, I’ve, ” White, he’s, I’m, he’ll, —, Elon Musk, Pershing, Musk, ” NYU’s White, Tesla Organizations: CNN Business, New York CNN, Pershing, Securities, Exchange, NYU Stern School of Business, Herbalife, Twitter, Hamas, MIT, Trump, SEC, Bloomberg Locations: New York, Pershing, Israel

☆ An elite bodybuilder says he doesn't use protein shakes to build muscle. Here's what he eats instead.
▼ + stars: | 2024-06-04 | by ( ) www.businessinsider.com time to read: +4 min

Read previewPro bodybuilder Nick Walker doesn't rely on protein shakes to build muscle. Instead, he eats whole foods like chicken and steak to sculpt his award-winning physique for bodybuilding's biggest stage. Experts say the optimal amount of protein to build and maintain muscle is at least 0.7 grams per pound of body weight daily. His go-to protein sources include steak and chickenWalker said that his diet is boring, even stereotypical for a bodybuilder, with a lot of chicken or steak and rice. Walker said his nutrition and supplement routine helps support his overall health, along with regular medical check-ups.

Persons: —, Nick Walker doesn't, Walker Organizations: Service, Mr, New York Pro, Business, YouTube, Health

☆ EU elections: How Russian trolls are meddling in the world’s second-biggest democratic vote
▼ + stars: | 2024-06-04 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +11 min

There is a focus on fake stories to influence attitudes on subjects like the wars in Ukraine and Gaza. But for the past year, the climate crisis has been the second-most targeted subject, according to the European Digital Media Observatory (EDMO). Official statistics, however, tell a different story: In 2022, renewables accounted for 23% of the energy consumed in the EU. The EU is considered a global leader in tackling planet-heating pollution, but climate disinformation could undermine the bloc’s ambitious goal to reduce carbon emissions by 90% by 2040, compared with 1990 levels. Its community standards policy in the past had only targeted video, but in April, it was expanded to include audio.

Persons: Morgan Wright, “, streetlights, Paula Gori, ”, Gori, EU DisinfoLab, Wright, Gaizka Iroz, they’ve, “ They’ve, ” Gori, Pallavi Sethi, ’, —, Facebook —, ” Wright Organizations: CNN, European Union, EU, Guardian, Bild, European Digital Media, Facebook, Getty, West, Grantham Research, London School of Economics, stoke, Services, European, Meta Locations: European, Russia, United States, United Kingdom, American, Europe, Germany, Ukraine, Gaza, EU, Spain, France, Biriatou, AFP, Africa, Asia, industrializing, Gori, Italy, Croatia, Poland, England, Grantham, Prague, Russian, Slovakia, Moscow

☆ Is the climate your top issue? Here's a guide to each candidate's stance.
▼ + stars: | 2024-06-04 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

From the protection of lakes and streams to the battle to curb greenhouse gas emissions, many voters in the upcoming US presidential election want to see the federal government play an active role in climate issues. One thing is clear though: the lion's share of voters believe that climate change is real. AdvertisementThe latest quarterly survey from the Yale Program on Climate Change Communication revealed that 72% of Americans believed that climate change was occurring, while only 15% disagreed. Related storiesHere's a look at President Joe Biden and former President Donald Trump's positions on climate — which is poised to be a defining issue for Gen Z and millennial voters this fall. But President Donald Trump withdrew from the plan while in office, blasting it as detrimental to the US economy.

Persons: Joe Biden, Donald Trump's, Gen Z, Biden, Barack Obama, Obama, Donald Trump, Trump Organizations: Service, Business, Yale, GOP, US, Keystone XL, Trump, Alaska National Wildlife, Environmental Protection Agency, Mar, The Washington, of Energy Locations: Paris, Alaska, Michigan

☆ How Roaring Kitty's wealth went from $53,000 to nearly $300 million — and could one day top $1 billion
▼ + stars: | 2024-06-04 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Pavlo Gonchar | Lightrocket | Getty ImagesAlmost five years ago, GameStop champion Keith Gill revealed a $53,000 bet in his favorite video game retailer. By the end of the jaw-dropping episode in April 2021, Gill exercised his call options position to have 200,000 common shares. Put another way: If the stock closes above $20 that day, Gill could exercise the options at $20 apiece, leaving him owning an additional 12 million shares. A total of 17 million shares would make him the fourth-biggest shareholder in GameStop, coming in behind Vanguard, BlackRock and Ryan Cohen's RC Ventures, according to FactSet. Zoom In Icon Arrows pointing outwardsThe notional value, if exercised, would be $240 million worth of stock bought at $20.

Persons: Keith Gill, Pavlo Gonchar, Gill, Michael Khouw, Khouw, Morgan Stanley's, Ryan Cohen's Organizations: GameStop, Lightrocket, Street Journal, CNBC, Vanguard, BlackRock, Ryan Cohen's RC Ventures

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