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"Biden needs to step aside to allow a vigorous Democratic leader to beat Trump and keep us safe and prosperous," Hastings said in an email to the Times. While he's the first to call for Biden to step aside, he's not the first big Democratic donor from Hollywood to express concern. It's unclear if more Hollywood donors will follow Hastings and call for Biden to step aside. We will fight, and we will win," Harris told Biden's campaign staff in a call, according to The Times. A Biden campaign spokesperson did not address Hastings's public call in their statement to BI.
Persons: , Reed Hastings, Joe Biden, Donald Trump, Biden, Hastings, he's, Ari Emmanuel, Tina Brown, Trump, Barack Obama, George Clooney, Julia Roberts, Biden's, Kamala Harris, Karine Jean, Pierre, Harris, Noah Mamet, Obama, Mamet, Nancy Pelosi, Chuck Schumer, Patty Quillin Organizations: Service, Democratic, The New York Times, Trump, Times, Business, Netflix, Endeavor, Aspen Ideas, Hollywood, Hastings, Washington Post, Biden, Press, The Times, Democratic Party Locations: Hollywood, Los Angeles, Chicago, Argentina
President Joe Biden is facing an uprising from some his own party's wealthy donors, including an heiress to the Disney family fortune, who say they will no longer fund the Democratic Party until Biden drops out of the presidential race following his disastrous debate performance. The president has said he has no plans to withdraw from the race, despite calls for him to do so. "I intend to stop any contributions to the party unless and until they replace Biden at the top of the ticket. Disney pointed to Vice President Kamala Harris as a solid alternative to Biden, arguing she'd be able to defeat Trump. Jurvetson is among the top 50 donors this cycle across the country, donating over $5 million to Democrats, according to OpenSecrets.
Persons: Joe Biden, Donald Trump's, Disney, Biden, Abigail Disney, Roy O, Donald Trump, Lloyd Doggett, Jane Fonda, Kamala Harris, she'd, quibbling, Gideon Stein, he's, Stein, I've, Karla Jurvetson, Jurvetson Organizations: U.S, Supreme, Republican, White, Democratic Party, Walt Disney Company, CNBC, Trump, New York Times, Sienna, Representatives, Disney, Biden, Democratic, FEC Locations: Washington , U.S, Texas
I’m not leaving,” Biden declared to spooked campaign staff on a phone call on Wednesday as he searched for an elusive comeback. And even a far more competent damage control effort than the White House and the Biden campaign have mounted so far would have struggled to erase that impression. On Wednesday for instance, the White House picked up Biden’s line that he was jet lagged after two trips to Europe in early June. And Biden had the Democratic governors to the White House. The White House and the campaign said the reports were false.
Persons: CNN —, Joe Biden, Biden, Donald Trump, , ” Biden, , CNN’s MJ Lee, Raúl, The New York Times he’d, Lloyd Doggett, Trump, squandering, Karine Jean, Pierre, ” — Biden, Chuck Schumer, Hakeem Jeffries, Nancy Pelosi, James Clyburn, Delaware Sen, Chris Coons, Minnesota’s Tim Walz, Wes Moore, Moore, – Gavin Newsom, Joe Biden’s, there’s, Gretchen Whitmer, Kamala Harris, Annie Grayer, Chris LaCivita, Susie Wiles, Joe, Copilot Kamala Harris, , — Biden’s, he’ll, Jeff Zeleny, Jamie Raskin, Debbie Dingell Organizations: CNN, White House, Independence, Democratic, White, ABC News, Democratic Party, Trump, Biden, The New York Times, Texas Rep, New York Times, Siena College, South Carolina Rep, House, Michigan Gov, , Michigan Locations: Atlanta, Europe, Arizona, Grijalva, Siena, Wisconsin, Pennsylvania, California
CNN —Democratic Rep. Raúl Grijalva of Arizona has become the second sitting Democrat in Congress to call on President Joe Biden to drop out of the presidential race, according to an interview with The New York Times. “If he’s the candidate, I’m going to support him, but I think that this is an opportunity to look elsewhere,” Grijalva told the Times. “What he needs to do is shoulder the responsibility for keeping that seat — and part of that responsibility is to get out of this race.”Grijalva joins Rep. Lloyd Doggett of Texas as just one of two elected Democrats on Capitol Hill to call for Biden to step down from the ticket. CNN has reached out to Grijalva’s office for comment.
Persons: Raúl, Joe Biden, ” Grijalva, Lloyd Doggett, Biden Organizations: CNN — Democratic, The New York Times, Times, Capitol, CNN Locations: Arizona, Texas
Every effort the president and his White House and campaign teams make to fix the problem end up exacerbating it. She said that while Biden had a cold at the debate, he hadn’t taken medication but was now feeling better. But she declined to go beyond Biden’s already released annual physical results that found him fit for duty in February. Democratic Sen. Peter Welch from Vermont said Tuesday: “The big question going into that debate was the age question. One of those governors, Kentucky’s Andy Beshear, said in a remarkably candid interview with CNN on Tuesday that Biden’s debate was “rough” and that whatever the polls say, it will damage his campaign.
Persons: Joe Biden, Donald Trump, Lloyd Doggett, Biden, , parry, Karine Jean, Pierre, Trump, Biden’s, ” Jean, Jean, Democratic Sen, Peter Welch, , , ” Welch, CNN’s Abby Phillip, statesmanlike Biden, George Stephanopoulos, he’ll, Kentucky’s Andy Beshear, “ Joe Biden, ” Beshear, who’s, Pamela Brown, Beshear, Nancy Pelosi, Mike Quigley, CNN’s Kasie Hunt, Doggett, CNN’s Brianna Keilar, Kamala Harris, James Clyburn –, ” Clyburn, Miss Harris, it’s, ” Sen, Laphonza Butler, ” Butler, Beshear –, Harris, he’d, Joe Biden’s Organizations: Washington CNN, Democratic, Texas Rep, White, Trump, Biden, CNN, Democratic Party, ABC, MSNBC, Republican, Illinois, House Democrats, Democratic National Convention, South Carolina Rep, CBS News Locations: Europe, Biden’s, Vermont, Chicago, America, Trump, Washington
U.S. Vice President Kamala Harris gives the commencement address at the commencement ceremony for graduates of the U.S. Air Force Academy in Colorado Springs, Colorado, U.S., May 30, 2024. There's also discussion among Harris confidants about the need to begin scheduling meetings for the vice president with some of the biggest donors in the Democratic Party if Biden drops out, these people explained. A White House spokeswoman for Harris and Biden campaign representatives did not return requests for comment. "To be clear, Vice President Harris is a badass. PredicIt, which allows people to make bets on political events, now puts the vice president in a close second to Biden.
Persons: Kamala Harris, Harris, Julie Chavez Rodriguez, Biden, Joe Biden, There's, Harris confidants, Donald Trump's, Bill Barr, Jeff Sessions, Brett Kavanaugh, Trump's, Kamala, Trump, Dmitri Mehlhorn, Reid Hoffman, Mark Kelly, Andy Beshear, Roy Cooper, Josh Shapiro, Andrew Bates, Susan Lowenberg's, there's, Lloyd Doggett, Nancy Pelosi, Jim Clyburn, Pelosi, PredicIt, PredictIt, Gavin Newsom Organizations: U.S . Air Force Academy, Commission, Democratic National Convention, Biden, Democratic, White, Democratic Party, Black, Ukraine, Trump, CNBC, New York Times, CNN, NBC News, San Francisco, Former, MSNBC, California Gov Locations: Colorado Springs , Colorado, U.S, Chicago, Germany, Iowa, California, San Francisco, Texas
Under the University of Virginia Center for Politics' current projections, there are five true toss-up states: Michigan, Wisconsin, Pennsylvania, Arizona, and Nevada. The reality is that if Biden is stuck playing defense in states Democrats usually win, Trump's return to the White House will be a foregone conclusion. The only question then will be how many Electoral College votes would the former president win. "If Biden's position gets worse, that's when you see maybe a Virginia or New Mexico get in play," Kondik said. Virginia, New Hampshire, New Mexico, or Minnesota are not going to be the states that put Trump over 270.
Persons: Joe Biden's, Nate Silver, Biden, hadn't, Trump, Crystal Ball, Kyle Kondik, Kondik, Ball, hasn't, George H.W, George H.W . Bush, Robert F, Kennedy Jr, Jen O'Malley Dillon, O'Malley Dillon, There's, Trump's, Harry Enten, Biden's, 8KhJEsd8Dc —, Kamala Harris, Gretchen Whitmer, Gavin Newsom, Lloyd Doggett, we're Organizations: Service, Nebraska, Trump, Business, Sun, Lean, University of Virginia Center, Politics, Electoral College, Republican, Saint Anselm College, Biden, Independent, Granite, Democratic National Convention, California Gov Locations: Michigan , Wisconsin, Omaha, Midwest, Arizona, Georgia, Michigan, Minnesota, Michigan , Wisconsin , Pennsylvania, Nevada, Virginia, New Mexico, Maine, Nebraska, George H.W ., New Hampshire, Granite State, Florida, Texas, Virginia , New Hampshire , New Mexico
The 10 best movies on Netflix in July
  + stars: | 2024-07-03 | by ( Jason Guerrasio | ) www.businessinsider.com   time to read: 1 min
"Back to the Future" (July 1)(L-R) Christopher Lloyd and Michael J. Fox in "Back to the Future." Universal PicturesIt's one of the greatest adventure movies of all time. The visionary direction by Robert Zemeckis, the fantastic chemistry between Fox and Christopher Lloyd as Doc Brown, the amazing score by Alan Silvestri — this is the closest thing to a perfect blockbuster movie. And make a night of it and watch the sequels, which are also available.
Persons: Christopher Lloyd, Michael J, Fox, Robert Zemeckis, Doc Brown, Alan Silvestri — Organizations: Fox
If Not President Biden, Then Who?
  + stars: | 2024-07-03 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +1 min
Plan B talks get louderThe Biden campaign’s attempts to soothe panicked Democrats and donors after the president’s calamitous debate appear to have cratered. One Democratic lawmaker has openly called on President Biden to withdraw from the race, while others are sharply criticizing his campaign’s response. And many party backers remain as nervous about sticking with him as they were last week — but also worry about the alternatives. The latest: Representative Lloyd Doggett of Texas became the first sitting Democrat to demand that Biden step aside. Democrats and foreign allies worry that Biden has increasingly seemed confused or listless, The Times reports.
Persons: Biden, Lloyd Doggett, Jim Clyburn, , ” Barack Obama Organizations: Biden, Democratic, South Carolina, The Washington Post, Times Locations: Texas, South, NewsNation
On Tuesday, Mr. Biden suffered his first formal call to resign from the race from a Democratic member of Congress. At the White House press briefing on Tuesday, Karine Jean-Pierre, the White House press secretary, faced a nearly hourlong barrage of questions about the president’s abilities, medications and physical examinations, including whether he had received a neurological test. But he also preemptively announced whom he would endorse if Mr. Biden departed the ticket. Period.”Image Many Democrats worry that Mr. Biden has moved too slowly to confront fears about his mental fitness and stamina. “I came back and nearly fell asleep onstage,” Mr. Biden said.
Persons: Biden, wringing, Mr, Biden “, Nancy Pelosi, Puck, Biden’s, George Stephanopoulos, Kamala Harris, David Walter Banks, Hakeem Jeffries, Chuck Schumer, Jeffries, Tim Walz, Karine Jean, Pierre, , Jean, Trump, Jeff Zients, Jen O’Malley Dillon, James E, Harris, preemptively, , ” Mr, Clyburn, Ms, Joe Biden’s, Joe Biden, Haiyun Jiang, Jared Golden of, Marie Gluesenkamp Perez, Washington —, Sheldon Whitehouse, Lloyd Doggett of, Doggett, Privately, Dan Sena, Gavin Newsom, Pete Buttigieg, Gretchen Whitmer, David Walters of, David, Katie Glueck, Nicholas Nehamas Organizations: Democratic Party, Democratic, Biden, PAC, Republicans, White, ABC News, Credit, The New York Times, Gov, Democratic Governors Association, White House, Mr, MSNBC, CBS News, Trump, House Democratic, CNN, Transportation, Former Gov, Democratic National Committee, Locations: New Mexico , New Hampshire, Virginia, Pennsylvania, Wisconsin, Washington, Minnesota, South Carolina, San Francisco, Rhode, Lloyd Doggett of Texas, Austin, Trump, California, Michigan, David Walters of Oklahoma, McLean , Va, Europe
Read previewPresident Joe Biden is set to meet with Democratic governors on Wednesday as he tries to fend off growing concern about his ability to beat Donald Trump. Related storiesFormer Democratic House members, party strategists, and candidates have also issued similar calls, some urging Vice President Kamala Harris to replace Biden on the Democratic ticket. President Biden should withdraw from this race." Meanwhile, an anonymous House Democratic aide told Reuters that 25 Democratic members of the House are preparing to urge Biden to pull out of the race if he appears shaky in the coming days. AdvertisementPresident Lyndon B. Johnson dropped out of the race in 1968, and his vice president, Hubert Humphrey, entered the Democratic primary but went on to lose the election to former Vice President Richard Nixon.
Persons: , Joe Biden, Donald Trump, Biden, Lloyd Doggett, Doggett, Kamala Harris, Tim Ryan, Harris, Adam Frisch, James Carville, Lyndon B, Johnson, Hubert Humphrey, Richard Nixon, David Muir Organizations: Service, Democratic, White, Reuters, Business, Trump, Democratic House, Democrat, CNN, Democratic Party, ABC News Locations: Texas, Biden's
CNN —The US announced a new $2.3 billion military aid package for Ukraine on Wednesday, one day after Defense Secretary Lloyd Austin said the US would soon provide Kyiv with more air defense interceptors and critical munitions. The $2.2 billion in USAI funding for Ukraine is one of the largest such packages the US has announced, though it is dwarfed by the $6 billion USAI package announced in late-April. This is also the fifth military aid package for Ukraine since the passage of a $95 billion supplemental aid package in April, which included $61 billion in aid for Ukraine. In opening statements before their meeting, Austin said the US would soon be announcing the $2.3 billion security package. The US has provided approximately $53.6 billion in security assistance to Ukraine since the beginning of the war.
Persons: Lloyd Austin, , Biden, Austin, Rustem Umerov Organizations: CNN, US, Ukraine, Pentagon, Presidential, Ukraine Security Assistance Initiative, Kyiv, Biden Administration, Ukrainian Defense Locations: Ukraine
U.S. President Joe Biden delivers remarks on the Middle East in the State Dining room at the White House in Washington, U.S., May 31, 2024. For likely voters, Trump led Biden by a slightly smaller 6-point margin, though that was 3 points higher than before the debate. The New York Times poll surveyed 1,532 registered voters across the country from June 28 to July 2. While Biden's campaign continues its blitz, pressure mounts for the president to consider bowing out of the 2024 race. In response, the White House and the Biden campaign have rolled out a slate of events for the coming week to reassure the public.
Persons: Joe Biden, Biden, Donald Trump, Kamala Harris, Nancy Pelosi, Chuck Schumer, Jim Clyburn, Hakeem Jeffries, Sen, Chris Coons, Earl Ingram, Andrea, Sanders, Karine Jean, Pierre, Trump, Pelosi, Clyburn, Lloyd Doggett, Jared Golden, Jean Organizations: White, White House, Democratic, NBC, Capitol Hill, Civic Media Network, WURD Radio, NBC News, Trump, New York Times, Siena, Biden, CNN, ABC, Democrat, ABC News, NATO Locations: Washington , U.S, D, U.S, Texas, Wisconsin, Pennsylvania
Read previewPresident Joe Biden has offered a new explanation for his disastrous debate performance: jet lag. On debate night, a Biden campaign source told The Wall Street Journal that Biden had a cold going into the event. The Biden blame gamePost-debate, Biden critics and supporters alike have been speculating whether his age might kill the Democratic ticket's chances of winning in 2024. A House Democratic aide told Reuters that 25 Democrats are preparing to call Biden to quit the race. AdvertisementRepresentatives for Biden didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: , Joe Biden, Donald Trump, Biden, Trump, prepped Biden, Anita Dunn, Bob Bauer, Ron Klain, Karine Jean, Pierre, John Morgon, Dunn, Bauer, Morgan, Whitney Tilson, Tilson, Lloyd Doggett, Kamala Harris, Gavin Newsom, Gretchen Whitmer, Sen, Amy Klobuchar, Biden didn't Organizations: Service, Business, Biden, Wall Street Journal, Politico, CNN, Democratic, White, Trump, Democratic Party's, Reuters, Texas Rep, Gov, Business Insider Locations: North Carolina, California, Michigan, Minnesota
President Biden should do the same,” Doggett said in his statement Tuesday. “There’s a large and increasing group of House Democrats concerned about the president’s candidacy, representing a broad swath of the caucus,” another House Democratic lawmaker told CNN on condition of anonymity to speak candidly. They have held off going to Biden directly, hoping he would make the decision himself, but patience is wearing thin, multiple Democrats told CNN, amid signs that Biden has taken no steps to seriously consider the mounting concerns. President Joe Biden, first lady Jill Biden, and their granddaughters Finnegan and Natalie Biden head to Camp David on June 29, 2024. House Democrats are deep into their own polling, assessing how much damage has been done.
Persons: Joe Biden’s, Lloyd Doggett of, Lyndon Johnson, Biden, ” Doggett, , , ” Biden, George Stephanopoulos, Camp David, Obama, Barack Obama’s, Mitt Romney, Mike Quigley, Kasie Hunt, who’s, Nancy Pelosi, ” Pelosi, Donald Trump, Trump, Kamala Harris, Hakeem Jeffries, Jeffries, Jill Biden, “ Joe isn’t, , Delaware Sen, Chris Coons, George W, Sen, Sheldon Whitehouse, Joe Biden, Finnegan, Natalie Biden, Haiyun Jiang, , Jen O’Malley Dillon, Andrew Weinstein, Phil Murphy, ” Murphy, CNN’s Brianna Keilar, Jake Tapper, Annie Grayer Organizations: CNN, Democratic, House Democrats, Biden, ABC News, Camp, Republican, Capitol Hill Democratic, , House, Senate, MSNBC, California Democrat, Monday, , Trump, Democratic National Convention, Democratic Party, Hamptons, Saturday, ABC, White, New York Times, Minnesota, New York Times Editorial, Democratic National Committee, campaign’s National Finance Committee, New Locations: Delaware, Lloyd Doggett of Texas, California, North Carolina, Virginia, New Jersey, Rhode Island, Wilmington, , Michigan, Ukraine
Rep. Lloyd Doggett, a Texas Democrat, just called on President Joe Biden to drop out of the race. He's the first sitting Democratic member of Congress to do so. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFollowing President Joe Biden's disastrous debate performance last week, Rep. Lloyd Doggett of Texas has become the first Democratic sitting member of Congress to call on the commander in chief to drop out of the presidential race. In a statement released on Tuesday, the Austin-area lawmaker praised Biden's record of accomplishments but said an "authoritarian takeover" would come if former President Donald Trump won.
Persons: Lloyd Doggett, Joe Biden, , Joe Biden's, Lloyd Doggett of, Biden's, Donald Trump Organizations: Texas Democrat, Democratic, Trump, Service, Business Locations: Texas, Lloyd Doggett of Texas, Austin
Iran and Israel traded threats Saturday of what Iran said would be an "obliterating" war over Hezbollah. Attacks intensified this month after Israel killed a top Hezbollah commander and Hezbollah responded with some of its biggest missile barrages. "Such a war would be a catastrophe for Lebanon," Defense Secretary Lloyd Austin said as he met recently with Israeli Defense Minister Yoav Gallant at the Pentagon. "Another war between Israel and Hezbollah could easily become a regional war, with terrible consequences for the Middle East." Israeli Foreign Minister Israel Katz responded by pledging his country would move against Hezbollah with "full force" unless it stopped attacks.
Persons: , Gerald Feierstein, Israel, Martin Griffiths, Lloyd Austin, Yoav Gallant, Gallant, Susan Walsh, Feierstein, Iran's U.N, Israel Katz, CQ Brown Organizations: Marine, Hezbollah, Israeli, Pentagon, Israel, Joint Chiefs, Staff Locations: Khiam, Lebanon, Israel, Lebanon's Iran, Iran, Gaza, United States, Lebanese, U.S, Washington, Israeli
Boeing earlier reached a deferred prosecution deal with the DOJ for two fatal crashes in 2018 and 2019. The DOJ now plans to charge Boeing with fraud after officials found Boeing violated that deal. The new plea deal doesn't hold Boeing accountable for the deaths, an attorney for the families told BI. AdvertisementFamilies of the victims of the two fatal Boeing 737 Max crashes are denouncing a plea deal the Justice Department is preparing to offer the airplane manufacturer, an attorney representing some of those families told Business Insider. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Boeing, DOJ, Service, Justice Department, Business, Federal, Bloomberg
Read previewAfter President Joe Biden's disastrous debate performance on Thursday night against former President Donald Trump, The New York Times Editorial Board has declared that it's seen enough: Biden should step aside. "The president appeared on Thursday night as the shadow of a great public servant," the editorial board wrote. The Times' editorial board, which typically leans left on issues, has previously called on Biden to take voters' concerns about age seriously. Related storiesAnd Thursday's debate only cemented those concerns that the editorial board argued won't be dispelled through more public appearances. "That is how much of a danger Mr. Trump poses," the board wrote.
Persons: , Joe Biden's, Donald Trump, it's, Biden, Trump, Mr, aren't Organizations: Service, The New York Times, Business, Times, New York Times, The Times, White, Trump, Republican Locations: United States
Read previewFormer President Donald Trump, 78, may have lied throughout the first presidential debate of the 2024 election, but the evening still may have provided a lift for his campaign as President Joe Biden, 81, struggled to find his footing during the debate. Trump and Biden had their first face-off on Thursday evening, breaking with election norms by holding a debate months before voters head to the polls in November. CNN's fact-checker, Daniel Dale, estimated that Trump said false or misleading statements 30 times during the debate. Throughout the Thursday debate, Biden's voice sounded raspy as the president struggled at moments to hold in a cough. "That's a question we can't answer because we've never had a debate this early," Siegfried told BI.
Persons: , Donald Trump, Joe Biden, Trump, Biden, Evan Siegfried, Daniel Dale, Robert Hur, he's, Siegfried, Obama White, David Axelrod, we've, Obama, Mitt Romney Organizations: Service, Business, CNN, GOP, Biden, Associated Press, The New York Times, Obama Locations: Mexico, China, Denver
Melania Trump has largely remained out of the public eye since Donald Trump left office. She was absent for the entirety of Trump's hush-money trial and will not be at the debate. Melania Trump will be reportedly be making select appearances during her husband's campaign trial. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer first lady Melania Trump didn't attend the first 2024 presidential debate, according to multiple reports.
Persons: Melania Trump, Donald Trump, , Melania, Jill Biden Organizations: Service, CNN, ABC News, Trump's, Business Locations: Atlanta, Lago, Manhattan
While healthcare and food constitute the majority of pet owner expenses, a new trend has emerged: dedicated pet wash stations. Related storiesDepending on the level of luxury, pet wash stations can cost homeowners between $400 and $2,000 to DIY, according to home-maintenance site The Spruce. The materials that will be used in a pet shower being developed by Highland Homes. Therefore, it's not surprising that many are enhancing their appeal by incorporating tailored features like pet wash stations into their builds. AdvertisementA dog spa in a Highland Homes property.
Persons: , Sanju, Surtani, We've, that's, DINKWAD, homebuilders, it's Organizations: Service, Business, Highland Homes, National Association of Real Estate, Homes, American Pet Products Association, Highland Locations: Highland, Highland Homes
Ari Emanuel, CEO of media conglomerate Endeavor, called for guardrails on artificial intelligence. But he said OpenAI CEO Sam Altman can't be trusted and the government needs to step in. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAri Emanuel, CEO of Endeavor, the sports and entertainment conglomerate, called OpenAI CEO Sam Altman a "con man" who can't be trusted with artificial intelligence.
Persons: Ari Emanuel, Sam Altman, , Altman, Emanuel, Elon Musk Organizations: Endeavor, Aspen Ideas, Service, Ideas, Business
Jefferies highlighted its best global stock picks as the second half of the year approaches, representing the firm's highest-conviction stocks with a buy rating. With its price target at 1,260 euros, he sees about 22.6% upside from Thursday's close. BofA also raised its price target by $193, or 146 euros, and maintained its buy rating on the stock. Petersen anticipates stock upside due to a stronger growth rate of data center chip sales. On Wednesday, the firm upgraded the stock to outperform from market perform and raised its price target by $26 to $170.
Persons: Jefferies, Janardan Menon, Menon, BofA, Lloyd Byrne, Jonathan Petersen, Petersen Organizations: Bank of America, Union semicaps, ConocoPhillips, Marathon, Digital Realty, BMO Capital Markets, Microsoft, Nintendo Locations: United States, Latin America, Europe, Middle East, Africa, Asia
Read previewA Delaware judge still wants to consider a $6-billion request in legal fees from lawyers who shot down Elon Musk's multibillion-dollar pay package at Tesla regardless of the recent shareholder vote, court documents show. In January, Chancellor Kathleen McCormick of the Delaware Chancery Court ruled against Elon Musk's pay package that would've awarded the Tesla CEO more than $55 billion in stock at the time. With the outcome, lawyers representing Richard Tornetta, the Tesla shareholder who objected to the compensation plan, argued that they provided a valuable service in getting Musk's package rescinded. But Musk received some good news in June after shareholders voted to re-approve the CEO's pay package and maintain the current board structure with Kimbal and James Murdoch. Chancellor McCormick will have to decide on the fate of the package and whether the plaintiff's attorneys do deserve about $6 billion in legal fees.
Persons: , Elon Musk's, Kathleen McCormick, McCormick, Richard Tornetta, Musk, James Murdoch, doesn't, Chancellor McCormick, James, Park Organizations: Service, Elon, Business, University of California, Tesla Locations: Delaware, Los Angeles
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