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☆ Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi
▼ + stars: | 2024-04-16 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices continued to hover near record highs days after Middle East tensions flared, boosting the safe-haven appeal of bullion. Gold prices notched another record close Monday, with the most-active June contract for gold futures trading 0.37% higher to settle at $2,383 per ounce, and some say there's more room to run. "The recent gold rally has been aided by geopolitical heat and is coinciding with record equity index levels," Citi wrote in a note dated April 15. Market watchers are closely monitoring a potential retaliation by the Jewish state, which has vowed to "exact a price" from Iran.

Persons: Israel —, Bartosz, Conotoxia Organizations: Co, Citi, U.S . Locations: Bangkok, Thailand, East, Iran, Israel

☆ Middle East Crisis Global Leaders Press Iran and Israel to Avoid Escalation
▼ + stars: | 2024-04-16 | by ( Cassandra Vinograd | ) www.nytimes.com time to read: +4 min

“When rockets fly in Israel, the whole world writes about it,” said Amil Nasirov, a 29-year-old singer. “And it’s like some devaluation of Ukrainian lives.”Ukraine has begged since the outset of Russia’s full-scale invasion in February 2022 for more tools to close its sky to Russian missiles. Ukrainian officials noted the role that fighter jets played in defending Israel as a sign of their importance in air defense. “That would be a danger of escalation.”The United States remains the chief supplier of the munitions for Ukraine’s best air defense systems. In the intervening months, Ukraine’s air defenses have been critically depleted, while Russia has greater success in using air power to advance on the front line, attack Ukraine’s energy grid and inflict more casualties against civilians.

Persons: Sergiy, “, ”, Amil Nasirov, Biden, Volodymyr Zelensky, ” Mr, Zelensky, David Cameron, Cameron, Britain’s, Liubov Sholudko Organizations: United Nations, Patriot, NATO, Britain’s LBC, Ukraine Locations: Ukraine, Russia, Israel, United States, Britain, France, Iran, Washington, Russian, Moscow, Ukrainian, Kharkiv, Germany, Europe

☆ UnitedHealth beats on revenue despite impact from cyberattack
▼ + stars: | 2024-04-16 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +5 min

UnitedHealth Group reported better-than-expected revenue in its first-quarter results on Tuesday, though the company is still dealing with the fallout from the cyberattack on its subsidiary Change Healthcare. UnitedHealth reported revenue growth of close to 9% from $91.9 billion in the same period last year. Direct response efforts, like UnitedHealth's effort to restore Change Healthcare platforms, amounted to an impact of 49 cents per share in the quarter. Business disruption costs, like lost Change Healthcare revenue, amounted to 25 cents per share. In 2022, Optum completed a $13 billion merger with Change Healthcare, which offers tools for payment and revenue cycle management.

Persons: UnitedHealth, Optum, Andrew, UnitedHealthcare Organizations: UnitedHealth Group, Healthcare, LSEG, Change, U.S Locations: LSEG, Brazil

☆ Caitlin Clark wore a $17,000 Prada outfit to the WNBA draft. That's about 22% of her expected first-year salary.
▼ + stars: | 2024-04-16 | by ( Amanda Goh | ) www.businessinsider.com time to read: +4 min

Caitlin Clark showed up to the WNBA Draft dressed in Prada from head to toe. According to Business Insider's calculations, Clark's outfit costs $16,875 — or about 22% of her first-year WNBA salary. AdvertisementA close-up of the satin Prada outfit Clark wore to the WNBA Draft. A composite image of the Prada sunglasses and the patent leather Galleria bag that Clark wore to the WNBA draft. AdvertisementAccording to BI's calculations, Clark's Prada outfit totals up to $16,875 — or about 22% of her first-year salary in the WNBA.

Persons: Caitlin Clark, Prada, —, Clark, Sarah Stier, Prada's, Adri Zgirdea Toth, Marie Claire, Caitlin, Toth, Clark's Prada, Spotrac, Julia Marino, LVMH, Moët Hennessy Organizations: WNBA, Service, Prada, Indiana Fever ., GQ Sports, NBA, Iowa Hawkeyes, Nike, Gatorade, Olympics, Team USA, Linea, women's national football team Locations: Paris

☆ Climate Change’s Hidden Costs Are the Most Damaging - The New York Times
▼ + stars: | 2024-04-16 | by ( R. Jisung Park | ) www.nytimes.com time to read: +2 min

Many of us realize climate change is a threat to our well being. Recognizing these hidden costs will be essential as we prepare ourselves for the warming that we have ahead of us. Responsibility for mitigating climate change on the local level lies in part with public institutions — not only in encouraging emissions reductions, but also in facilitating adaptation. Research shows that record-breaking heat waves are only part of the story. In California, our research shows that heat may have routinely caused 20,000 workplace injuries per year, only a tiny fraction of which were officially recorded as heat-related.

Organizations: Research Locations: United States, California

☆ Morgan Stanley names global ‘alpha’ stock ideas for April — and gives one nearly 30% upside
▼ + stars: | 2024-04-16 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Looking ahead, those searching for pockets of opportunities in the region can look to Morgan Stanley's selection of "alpha" stocks. Among the "notable top-ranked stock ideas" on its list is South Korean commercial bank Hana Financial Group. "Our Korea Financial analyst, Joon Seok ... believes large-cap banks are key beneficiaries of the corporate reform theme," Morgan Stanley's analysts said. Here are 10 stocks from Morgan Stanley's full list of top overweight-rated stocks for April. Notable bottom-ranked stocks Morgan Stanley named its "notable bottom-ranked stock ideas."

Persons: India's, Morgan Stanley's, Joon Seok, Morgan, Joon, Morgan Stanley, Santos, — CNBC's Michael Bloom Organizations: Japan's Nikkei, CSI, Alpha, Japan, Hana Financial, Korea Financial, Financial Services, Novatek Microelectronics, Analysts, Morgan, Berger Paints Locations: India, Japan, China, Asia, Pacific, Korean

Until inflation slows further and the Federal Reserve is able to start lowering the federal funds rate, mortgage rates are likely to remain elevated. If the latest PCE numbers support the narrative that inflation is remaining stubbornly high, mortgage rates could inch up further. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 15-Year Fixed Mortgage Rates Essentially Flat (+0.01%)The average 15-year mortgage rate is 6.12%, just a single basis point higher than last week. Mortgage rates also rose dramatically in 2023, though they started trending back down toward the end of the year.

Persons: you'll, It's, refinance Organizations: Federal Reserve, US, of, Fed, Zillow, FHA Locations: Chevron

☆ Amazon Prime Video viewers have been ditching shows because of its error-plagued catalog system, leaked docs show
▼ + stars: | 2024-04-16 | by ( Eugene Kim | ) www.businessinsider.com time to read: +8 min

Amazon has invested billions of dollars in Prime Video to secure original content and live-streaming rights. CEO confidenceIn Amazon's recent annual shareholder letter, CEO Andy Jassy showed his continued support for Prime Video. "We have increasing conviction that Prime Video can be a large and profitable business on its own," he wrote. Among the top "catalog quality issues" were incomplete or inconsistent titles, as well as a "Season Integrity" problem. Multiple posts about wrong movie titles on Prime Video can also be found on Amazon's forum and Reddit.

Persons: Amazon, Andy Jassy, Video's headcount, they're, Anthony Palomba, Palomba, It's Organizations: Amazon, Business, MGM, BI, Prime, Citadel, House, Amazon's, University of Virginia

☆ January 6 rioters want the Supreme Court to let them off the hook from obstruction charge
▼ + stars: | 2024-04-16 | by ( John Fritze | Hannah Rabinowitz | ) edition.cnn.com time to read: +10 min

Now, the Supreme Court will consider whether the prosecutors’ interpretation of the law can be used against the rioters and whether the convictions already secured will stick. The charge at issue in the Supreme Court case stems from a law Congress enacted in response to a series of corporate accounting scandals, including the 2001 Enron debacle. The case before the Supreme Court involves only that last charge. All three defendants appealed to the Supreme Court, but the justices granted only Fischer’s case. In a filing last week at the Supreme Court in Trump’s immunity case, Smith argued the obstruction charge should stick against Trump even if Fischer wins.

Persons: Donald Trump, Jack Smith, Trump, ”, Claire Finkelstein, ” Trump, Fischer, Stormy Daniels, “, Joe Biden’s, Critics, Joseph Fischer, texted, ” Fischer, Nicholas Smith, Smith, Randall Eliason, Clarence Thomas, Ginni Thomas, Thomas, Ruth Bader Ginsburg, Samuel Alito, Eliason, Antonin Scalia, ” Eliason Organizations: CNN, Capitol, ” Prosecutors, Trump, Justice Department, University of Pennsylvania Carey Law School, Enron, Prosecutors, Appeals, DC Circuit, George Washington University, White Locations: Pennsylvania, New York, ”, Colorado

☆ Mauricio Pochettino laments ‘sad situation’ after Chelsea players squabble over penalty during 6-0 win against Everton
▼ + stars: | 2024-04-16 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Chelsea manager Mauricio Pochettino said it was a “sad situation” seeing his players squabble over who was going to take a penalty during an otherwise impressive 6-0 win against Everton. Nicolas Jackson and Noni Madueke both felt that they should have responsibility, as did Palmer, Chelsea’s regular penalty taker. The striker then calmly rolled the ball into the bottom-left corner to give Chelsea a 5-0 lead at Stamford Bridge. “And then if Palmer wants to give the ball to another he can, but not in this way. “Maybe it was a bit over the top, the argument and stuff, but everyone just wants to win [and] help, it’s nothing major.

Persons: Mauricio Pochettino, Cole Palmer, Nicolas Jackson, Noni, Palmer, Chelsea’s, Conor Gallagher, ” Pochettino, Glyn Kirk, “, It’s, ”, Everton –, Jordan Pickford, Pochettino, Justin Setterfield, Alfie Gilchrist, Victory, West Ham Organizations: CNN, Chelsea, Everton, Monday’s Premier League, Stamford, Sky Sports, Getty, Premier League’s, England, Premier League, Newcastle , Manchester United, Nottingham Forest, Manchester City, FA Locations: Madueke, AFP, Newcastle ,, West

☆ Why a $100,000 income no longer buys the American Dream in most places
▼ + stars: | 2024-04-16 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +1 min

"The benchmark of a six-figure salary used to be the gold standard income," Sabrina Romanoff, a clinical psychologist, told CNBC. "It represented the tipping point of finally earning a disposable income and building savings and spending based on your wants, not just your needs." "It becomes increasingly hard for many families to be able to attain that sort of middle-class lifestyle, that American Dream," Gould said. Consumers using the popular 50-30-20 budget guideline aim to spend 50% of their income on essential expenses, with another 30% for discretionary spending and the remaining 20% for savings. Using that framework, GoBankingRates found that all 50 states require more than a $100,000 annual income, according to the report, with 38 states needing more than $140,000.

Persons: Sabrina Romanoff, haven't, Elise Gould, Gould, GoBankingRates, Jason Reginato Organizations: CNBC, SurveyMonkey, Economic Policy Institute, Consumers

The firm initiated coverage on the stock with a buy rating and $60 price target, implying 37.2% upside from where shares closed on Monday. Analyst Mark Lipacis has a target price of $1,160 on shares, suggesting around 35% upside from where shares closed on Monday. However, it kept its $9 price target, which implies upside of just 7.7% over the next 12 months. The stock price now better considers some of our midterm concerns," worte analyst Joseph Spak. Analyst Frank Lee also raised his price target to $225 from $180, implying shares rallying nearly 38% from Monday's close.

Persons: Rivian, Goldman, DraftKings, Goldman Sachs, Ben Miller, Miller, — Hakyung Kim, Joe Ritchie, Ritchie, Nvidia isn't, it's, Mark Lipacis, Lipacis, Hakyung Kim, hasn't, Nicole DeBlase, DeBlase, Joseph Spak, we'd, Fred Imbert, Frank Lee, Lee, Nvidia's GB200 Organizations: CNBC, UBS, HSBC, AMD, US Online Gaming, GE, GE Vernova, General Electric, Nvidia, ISI, Honeywell, Deutsche Bank, Deutsche, Rivian Automotive Locations: NVDA, Monday's

☆ Camels evolved from a cold-weather ancestor. We could learn from their remarkable transformation
▼ + stars: | 2024-04-16 | by ( Bill Weir | ) edition.cnn.com time to read: +11 min

“Gentoo penguins are big climate change winners in the Antarctic,” Heather Lynch told me. Conversely, the more flexible gentoo penguins keep moving farther and farther south, chasing new prey, and even abandoning nests to increase the odds of long-term survival. Julian Quinones/CNNThe gentoo population has exploded by as much as 30,000% in just a few years. Bill Weir/CNNHere lieth the lesson of the camel and the gentoo: Heat will move us, one way or another. I just know River won’t be satisfied without a magic plot twist that somehow saves all creatures great and small.

Persons: Bill Weir, —, “, ”, Bill, CNN's, Julian Quinones, Camels, CNN Bill, I’d, ” Heather Lynch, penguins, we’ve, it’s, Xiulin Ruan, CNN Julian Quinones, “ Don’t, Energy's Organizations: CNN, Brooklyn, Central Park Zoo, CNN Penguins, Stony Brook University, gentoo, Purdue, International Energy Agency, Global Locations: Canada, North America, dromedaries, Sudanese, Egypt, Southern Ocean, Antarctica, Manhattan, British Columbia, Yorkshire, England, Phoenix, Japan, Seville, Spain, Miami, Los Angeles, Angeles, Olivia, Colombia, CNN Seville, China, India, Maine

If you live in one of America’s cities, you probably see homeless people all the time. That’s what Mark Horvath discovered firsthand in 1995, when he lost his job and wound up homeless for eight years. On April 22, the Supreme Court is set to hear the case of Johnson v. Grants Pass, the most significant case in decades about homeless people’s rights. The case will determine whether cities can arrest or fine the homeless — even if there’s no other shelter. As the homeless plaintiffs wrote, this would be “punishing the city’s involuntarily homeless residents for their existence.”

Persons: Mark Horvath, Johnson, ” Organizations: YouTube

☆ A person was taken to hospital after a gallon of ammonia was spilled in a Gordon Ramsay restaurant
▼ + stars: | 2024-04-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A gallon of ammonia was spilled in the basement of a Gordon Ramsay restaurant in Illinois, local emergency services said. AdvertisementA person was taken to hospital in a "stable" condition after about a gallon of ammonia spilled in the basement of a Gordon Ramsay restaurant in a city in the suburbs of Chicago, local emergency services said. Business Insider did not immediately receive a response to a request for comment from Gordon Ramsay Restaurants North America, sent outside regular US working hours. The Scottish TV chef originally opened most of his North American restaurants in partnerships with Caesar's Entertainment, but began opening some through Gordon Ramsay North America in 2019. AdvertisementSquatters have recently taken over one of Ramsay's restaurants in London and turned it into what they described as a community art café.

Persons: Gordon Ramsay, —, Phil Giannattasio, Giannattasio, Ramsay Organizations: Staff, Service, Disease Control, Business, Gordon Ramsay Restaurants North, DuPage County Health Department, Scottish, Caesar's Entertainment, Gordon Ramsay North America Locations: Illinois, Chicago, Gordon Ramsay Restaurants North America, DuPage County, Europe, North America, Asia, Chelsea, London, American, Naperville, Wellington, British

☆ Johnson & Johnson tops quarterly profit estimates as medical device sales jump
▼ + stars: | 2024-04-16 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

An entry sign to the Johnson & Johnson campus shows their logo in Irvine, California on August 28, 2019. Johnson & Johnson on Tuesday reported first-quarter adjusted earnings that topped Wall Street's expectations as sales in its medical devices business surged. The company reported $21.38 billion in total sales for the first three months of 2024, up more than 2% from the same quarter in 2023. The company now expects sales of $88 billion to $88.4 billion. Separately on Tuesday, J&J said it will increase its quarterly dividend to $1.24 per share, up 4.2% from $1.19 per share.

Persons: Johnson, J Organizations: Johnson, J's, Humana, UnitedHealth, Elevance, LSEG, & $ Locations: Irvine , California

☆ U.S. economy will see 'more things break' in 2025 if rates stay high, strategist says
▼ + stars: | 2024-04-16 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., March 20, 2024. The U.S. economy could be headed for stormy waters in 2025 if the Federal Reserve does not take action soon on interest rates, State Street's head of investment strategy in EMEA said Tuesday. "The traditional transmission policy mechanism has broken, or doesn't work as well," Kassam told "Squawk Box Europe." As such, the impact of, for example, sustained higher interest rates may not be felt until further down the line when they come to refinance. "For now, consumers and corporates aren't feeling the pinch of higher interest rates," he added.

Persons: Jerome Powell, Altaf Kassam, Kassam Organizations: Federal, Committee, Federal Reserve, CNBC, Fed Locations: Washington , U.S, U.S

☆ Commerce Sec. Raimondo on Samsung award: Goal is to make 20% of the world's semiconductors
▼ + stars: | 2024-04-15 | 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 EmailCommerce Sec. Raimondo on Samsung award: Goal is to make 20% of the world's semiconductorsU.S. Commerce Secretary Gina Raimondo joins 'Power Lunch' to discuss Samsung's award of $6.4 billion to boost semiconductor output at its facility in Texas.

Persons: Raimondo, Gina Raimondo Organizations: Commerce, Samsung Locations: Texas

☆ Faith Ringgold Perfectly Captured the Pitch of America’s Madness
▼ + stars: | 2024-04-15 | by ( Holland Cotter | ) www.nytimes.com time to read: +1 min

Faith Ringgold, who died Saturday at 93, was an artist of protean inventiveness. Painter, sculptor, weaver, performer, writer and social justice activist, she made work in which the personal and political were tightly bonded. And much of that work gained popularity among audiences that didn’t necessarily frequent galleries and museums. But the art establishment, as defined by major museums, big-bucks auction houses and a few talent-hogging galleries, never knew quite what to do with it, or with her. In 2016, the Museum of Modern Art finally brought Ringgold into its collection with the acquisition of several pieces from early in her career.

Persons: Faith Ringgold, Painter, Ringgold Organizations: Museum of Modern Art Locations: Venice

☆ Narendra Modi: India’s popular but controversial leader seeking a transformative third term
▼ + stars: | 2024-04-15 | by ( Rhea Mogul | ) edition.cnn.com time to read: +26 min

Varanasi and New Delhi CNN —Indian Prime Minister Narendra Modi once famously made a simple election promise: “good days are coming”. India's Prime Minister Narendra Modi addresses his supporters during an election campaign rally in Pushkar on April 6, 2024. India's Prime Minister Narendra Modi speaking during a rally in Sydney, Australia, on May 23, 2023. Kalpit Bhachech/Getty Images Narendra Modi, then BJP secretary is welcomed at Ahmedabad Railway Station by the party's followers on January 31, 1992. Brent Lewin/Bloomberg/Getty Images India's Prime Minister Narendra Modi addresses Congress at the US Capitol in Washington, DC, on June 22, 2023.

Persons: Narendra Modi, Modi, Himanshu Sharma, Getty Images Modi, –, ”, Saba Naqvi, “, Vajpayee, Naqvi, Dileep Patel, John Mees, Akash Jaiswal, “ We’ve, ” Jaiswal, isn’t, Matthew Abbott, Hiraben, Damodardas, Dipam Bhachech, Lal Krishna Advani, Subhas Chandra Bose, Kalpit Bhachech, Kalpit, Negi Yasbant, Amit Dave, Ajit Solanki, Kevin Frayer, Saurabh Das, AP Modi, Manish Swarup, Lucas Jackson, Barack Obama, Adrien Helou, Reuters Modi, Adnan Abidi, Stringer, Mark Zuckerberg, David Paul Morris, Marco Longari, Angela Merkel, Tobias Schwarz, Emmanuel Macron, Charles Platiau, Saudi Arabia's Crown Prince Mohammed bin Salman, India's, Jair Bolsonaro, Vladimir Putin, Xi Jinping, Amit Shah, Money Sharma, Boris Johnson, Phil Noble, Anthony Albanese, Brent Lewin, Pedro Ugarte, Joe Biden, Doug Mills, Paul Mashatile, Jacoline, Imtiyaz Khan, Amr Alfiky, Patel, India’s, Jawaharlal Nehru, Indira Gandhi, Rajiv, Rahul Gandhi, Nilanjan Mukhopadhyay, “ Narendra Modi, ” Mukhopadhyay, Mukhopadhyay, ” Modi, Keshav Baliram, “ Modi, BJP Modi, Lord Ram, ” Naqvi, Critics, Christophe Jaffrelot, Karan Thapar, ” Jaffrelot, Modi’s, it’s, —, Raj, India Narendra Modi, Kenny Hoston, Ram, ” Raniva, That’s Organizations: New Delhi CNN, Indian, Bharatiya Janata Party, BJP, India's, Getty Images, Pew, CNN, World Health Organization, New York Times, Rashtriya Swayamsevak Sangh, Getty, Modi, Hospital, Narendra, India Today, Indian National Congress, AP, Madison, Garden, Reuters, Washington , D.C, French National Space Agency, of Yoga, Meta, Facebook, Bloomberg, European, Saudi Arabia's Crown, Rashtrapati Bhavan, Kyodo, British, Summit, Qudos Bank, White, Anadolu Agency, Anadolu, United, United Arab Emirates, Cambridge, today’s Congress Party, Harvard, The Times, Muslim, Australia Locations: Varanasi, New Delhi, Gujarat, Pushkar, India, “ India, United States, Brazil, “, Sydney, Australia, Ahmedabad, Ahmadabad, Washington, Washington ,, Toulouse, France, Xian, AFP, Menlo Park , California, U.S, Pretoria, South Africa, China, Berlin, Paris, Rashtrapati, Russian, Brasilia, Glasgow, Red, Ayodhya, Uttar Pradesh, Abu Dhabi, United Arab, Oxford, Vadnagar, Babri, Kadi, Kashmir, United Kingdom, Russia, Ukraine, Israel, Ghaziabad, Meerut, Jama

☆ Lessons From a 20-Person Polycule
▼ + stars: | 2024-04-15 | by ( Interviews Daniel Bergner | ) www.nytimes.com time to read: +17 min

Relationships With More Than One PersonKatie I started by dating somebody on an ENM app who was in a different polycule who was connected to someone in this polycule. He’s married, and his wife and I are metamours, which is simply a word for my partner’s partner. Resources always help, books like “The Ethical Slut” and “Polysecure.” But undoing the monogamous script, the socialization, is really, really difficult. One of their husbands is one of my best friends and occasional sexual partner, and I do have sex with my wives, but we’re not romantically involved. It’s, I’m doing these things, I’m going to be gone for these two weeks, what do you need from me?

Persons: it’s, Katie, Ann It’s, Ashley, Nico, we’re, Katie It’s, Alex, Chris, Bine, He’s, I’d, Nico I, nonmonogamy, aren’t, Ann I’m, I’ve, forevermore, bro, We’d, Robert, Ann’s, I’m, Ann, Let’s, ”, Katie There’s, Fred, Robert We, —, I’ll, She’ll, Ann I, They’re, They’ve, Katie Last, We’re, It’s, they’re, Daniel Bergner, ” Anne Vetter Organizations: Resources, Partners Locations: Boston, Cambridge, Ann, Somerville, Los Angeles

☆ Chinese Company Under Congressional Scrutiny Makes Key U.S. Drugs
▼ + stars: | 2024-04-15 | by ( Christina Jewett | ) www.nytimes.com time to read: +1 min

A Chinese company targeted by members of Congress over potential ties to the Chinese government makes blockbuster drugs for the American market that have been hailed as advances in the treatment of cancers, obesity and debilitating illnesses like cystic fibrosis. WuXi AppTec is one of several companies that lawmakers have identified as potential threats to the security of individual Americans’ genetic information and U.S. intellectual property. A Senate committee approved a bill in March that aides say is intended to push U.S. companies away from doing business with them. The Congressional spotlight on the company has rattled the pharmaceutical industry, which is already struggling with widespread drug shortages now at a 20-year high. Some biotech executives have pushed back, trying to impress on Congress that a sudden decoupling could take some drugs out of the pipeline for years.

Organizations: New York Times Locations: WuXi, U.S

☆ 20 decomposed bodies found in boat off coast of Brazil
▼ + stars: | 2024-04-15 | by ( Anneclaire Stapleton | ) edition.cnn.com time to read: 1 min

CNN —At least 20 severely decomposed bodies have been found in a boat off the coast of northeastern Brazil, officials say. The boat was found on the coast of Bragança, northeast of Pará, on April 13, the Brazilian Federal Public Ministry announced Sunday. Officials said at least 20 bodies had been found in the boat, but due to the decomposition of the remains it’s unknown how many died on the boat. The deceased are not thought to be from Brazil but possibly from the Caribbean, investigators told CNN Brasil. Police deploy at Vila do Castelo port in Braganca, Brazil, on April 14, after fishermen reported spotting a boat laden with decomposing corpses off the coast of Para state on Saturday.

Persons: Raimundo Pacco Organizations: CNN, Brazilian Federal Public Ministry, CNN Brasil, Local, Police Locations: Brazil, Bragança, Pará, Caribbean, Vila, Castelo, Braganca, Para

☆ Apple iPhone first-quarter shipments sink as Chinese challengers rise; Samsung regains top spot
▼ + stars: | 2024-04-15 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Apple shipped 50.1 million units In the first quarter, down 9.6% from the 55.4 million shipments in the same period a year earlier, according to the IDC report. Among the top five smartphone brands in the report, Apple recorded the sharpest decline year on year. Its market share was 22.5% in the first quarter of 2023. Apple, which surpassed Samsung as the largest smartphone maker in 2023, saw its market share drop to 17.3% from 20.7% a year earlier. Xiaomi's shipments rose 33.8% to 40.8 million units in the first quarter, while Transsion saw an 84.9% jump to 28.5 million units.

Persons: Patrick T, Fallon, PATRICK T, FALLON, Xiaomi, Apple, Ryan Reith, Transsion Organizations: Apple, Grove Apple, Getty, International Data Corporation, IDC, Samsung, Huawei, IDC Worldwide Mobility Locations: Los Angeles , California, AFP, China, Xiaomi

☆ Mark Cuban is ‘proud to pay’ $275.9 million in taxes: 'It’s crazy and unreal in so many ways'
▼ + stars: | 2024-04-15 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

"I pay what I owe," Cuban wrote on social media site X on Sunday. Long-term capital gains taxes apply to the sale of assets held for more than a year before they are sold. Capital gains rates are based on total taxable income and are generally lower than ordinary income rates. Paying more than a quarter of a billion dollars is "crazy and unreal in so many ways," Cuban wrote on X. "Some people might find it distasteful to pay taxes," Cuban wrote.

Persons: Mark Cuban Organizations: CNBC, Dallas Mavericks, Capital Locations: U.S, Cuban

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