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☆ F/m Investments: Consumers will eventually run out of steam
▼ + stars: | 2023-11-27 | 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 EmailF/m Investments: Consumers will eventually run out of steamAlex Morris, president and CIO of FM Investments, discusses the factors that "will start to tighten some purse strings."

Persons: Alex Morris Organizations: Investments, Consumers, FM Investments

☆ Formerly Philip Morris-backed foundation severs ties with nicotine industry
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 27 (Reuters) - A research foundation originally set up by Philip Morris International (PMI) (PM.N) will no longer accept any funding from the nicotine industry as it seeks to win credibility with tobacco control advocates, its CEO said. The foundation will now rebrand and find new funders from outside of the industry, Cliff Douglas said in an interview. Douglas, a long-time tobacco control advocate who joined the foundation in October, said he wants to see it re-established as a credible actor in ending smoking. Douglas pointed to a number of tobacco control advocates who have sounded positive about the foundation's new direction. The World Health Organisation says vapes, for example, are harmful to health.

Persons: Philip Morris, Cliff Douglas, Douglas, Deborah Arnott, Yolonda Richardson, Emma Rumney, Kirsten Donovan Organizations: Philip Morris International, PMI, Campaign, Tobacco, World Health, Thomson

PHILADELPHIA (AP) — Joel Embiid had 30 points, 11 rebounds and 11 assists to help the Philadelphia 76ers rout LeBron James and the Los Angeles Lakers 138-94 on Monday night. The reigning NBA MVP, Embiid notched his sixth career triple-double with 2 minutes left in the third quarter. James scored 18 points in 29 minutes but nothing he did could make a dent in the 76ers' lead. Best of luck, Paul,” Lakers coach Darvin Ham said. 76ers: Hit the road for games Wednesday at New Orleans and Friday at Boston.

Persons: — Joel Embiid, LeBron James, Embiid, Embiid's, James, Tyrese Maxey, Anthony Davis, Maxey, Patrick Beverley, Marcus Morris Sr, Jalen, Davis, Paul Reed, ” Reed, “, Paul, ”, Darvin Ham, Nick Nurse, “ I’m, Kelly Oubre Jr, Oubre, ___ Organizations: PHILADELPHIA, Philadelphia 76ers, Los Angeles Lakers, NBA, 76ers, Lakers, Eagles, ” Lakers, UP NEXT, Detroit, Oklahoma City . 76ers, New, Boston Locations: shootaround, UP, New Orleans

SEATTLE (AP) — Denis Bouanga scored his fourth goal of the MLS Cup playoffs in the 30th minute, goalkeeper Maxime Crepeau made seven saves, and defending champion Los Angeles FC advanced to the Western Conference final with a 1-0 win over the Seattle Sounders on Sunday night. Bouanga got one chance at goal and didn’t miss, scoring in his sixth straight game and sending LAFC home for the conference championship game against the Houston Dynamo next Saturday. Bouanga was the Golden Boot winner during the regular season with 20 goals and he added three more in LAFC’s opening round victory over Vancouver. His goal came despite Seattle controlling play for most of the first half and having two great chances in the opening five minutes that were denied by Crepeau. Bouanga’s shot was the only attempt LAFC put on goal in the first half and it finished with only two shots on target in the match.

Persons: — Denis Bouanga, Maxime Crepeau, Bouanga, didn’t, LAFC’s, Bouanga’s, LAFC, Josh Atencio’s, Jordan Morris outran Giorgio Chiellini, Crepeau, Morris, Alex Roldan, Joao Paulo, Albert Rusnak’s, ___ Organizations: SEATTLE, MLS, Los Angeles FC, Western, Seattle Sounders, Houston Dynamo, LA Galaxy, Vancouver, Seattle, Crepeau, Sounders, Portland Locations: Seattle

☆ Meta Designed Products to Capitalize on Teen Vulnerabilities, States Allege
▼ + stars: | 2023-11-25 | by ( Jeff Horwitz | ) www.wsj.com time to read: +1 min

Meta says it didn’t design its products to be addictive for teens. Photo: David Paul Morris/Bloomberg NewsMeta Platforms sought to design its social-media products in ways to take advantage of known weaknesses of young users’ brains, according to newly unredacted legal filings citing internal company documents. An internal 2020 Meta presentation shows that the company sought to engineer its products to capitalize on the parts of youth psychology that render teens “predisposed to impulse, peer pressure, and potentially harmful risky behavior,” the filings show. References to the documents were initially redacted in the suit, which was filed in late October by members of a coalition of 41 states and the District of Columbia, alleging that Meta has intentionally built Facebook and Instagram with addictive features that harm young users. Meta approved the filing of an unredacted version on Wednesday.

Persons: Meta, David Paul Morris Organizations: Bloomberg, Meta, District of Columbia

☆ 5 essential books and articles that are required reading for Hollywood up-and-comers, according to a top TV agent at WME
▼ + stars: | 2023-11-24 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

In the end, though, motivated by his fascination with the business side of entertainment, he'd choose a different path: to become an agent at WME, the powerhouse Hollywood talent agency he joined through its storied mailroom training program. Singer advises industry newcomers to read as much as they can to get ahead. WME partner Bradley Singer maintains a list of must-read books and articles for industry newcomers. "When Hollywood Had a King by Connie Bruck" (2004): "You can't understand modern Hollywood without understanding Lew Wasserman, who revolutionized both the talent agency business and the studio business between MCA and Universal. "The Agency: William Morris and the Hidden History of Hollywood" is one of WME partner Bradley Singer's must-read book recommendations.

Persons: Bradley Singer, he'd, Singer, Lydia Barry, Kaitlin Collins, Symone Sanders, Linsey Davis, Sunny Hostin, Ana Navarro, hadn't, — Singer, Read, William Morris, Frank Rose, Connie Bruck, Lew Wasserman, Connie Bruck's, EJ Kahn, Abe Lastfogel, Lastfogel, Sue, Peter Biskind, Sue Mengers, Gene Hackman, Barbra Streisand, Sue …, Mark McCormack —, Swift, McCormack, Wasserman, Ovitz, Emanuel, Bradley Singer's Organizations: Carnegie Mellon University, Bradley, Hollywood, WME, Business, CNN, MSNBC, ABC News, Street Journal Studios, Bloomberg Media, Puck, —, MCA, Universal, Lindy's, Yorker, East, Sports, IMG Locations: WME, New York City, Hollywood

[1/3] Richard Teng, head of the Middle East and North Africa for crypto firm Binance gestures as he speaks during an interview with Reuters in Dubai, United Arab Emirates, March 30, 2022. Teng faces an especially tough task in transforming the culture of Binance, four of the people said. Still, leading a cultural shift at Binance - a firm shaped by Zhao in his own image - would be "hugely difficult," she said. For years it dominated the crypto market, but this year has rapidly lost market share. Last month it controlled 32% of crypto spot and 50% of derivatives trading, according to crypto firm CCData, down from 55% and 62% respectively in January.

Persons: Richard Teng, Abdel Hadi Ramahi, Teng, Changpeng Zhao, Janet Yellen, Binance, Carol Alexander, Zhao, Yi He, Binance's, Simon Matthews, Richard, Matthews, FinCEN, John Reed Stark, Rajeev Bamra, OKX, Joseph Edwards, Tom Wilson, Elizabeth Howcroft, Elisa Martinuzzi, Louise Heavens Organizations: Reuters, United Arab Emirates, REUTERS, U.S . Securities, Exchange Commission, SEC, U.S, Treasury, University of Sussex, Investors, Treasury's, Internet Enforcement, Singapore, Abu, Abu Dhabi Global, Singapore Exchange, Moody's Investors Service, Securities, Thomson Locations: East, North Africa, Dubai, United Arab, U.S, Abu Dhabi, France, Seychelles, London

☆ Susan Sarandon was dropped by her talent agency in the wake of comments about the Israel-Hamas war
▼ + stars: | 2023-11-22 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

The oscar-winning actress Susan Sarandon has been dropped by United Talent Agency. She drew criticism for comments made at a pro-Palestinian rally in New York City. AdvertisementSusan Sarandon has been dropped by her talent agency over comments she made at a pro-Palestinian rally in New York last week, a spokesperson from the agency told Deadline. The Oscar-winning actress, who has been represented by United Talent Agency (UTA) since 2014, has attended several rallies about the Israel-Hamas war, but drew criticism for comments she made during a speech at Union Square. In another clip of the rally Sarandon says being anti-Palestinian is the result of "brainwashing and conditioning for years and years."

Persons: Susan Sarandon, they've, —, Sarandon, Pink, Roger Waters, He's, Aaron Sorkin, William Morris, William Morris Endeavor Entertainmnet, she's, Melissa Barrera Organizations: United Talent Agency, Service, UTA, The New, The New York Post, Aviva, UN, Guardian, Israel, New York Times, Palestine, Pacific Press, CAA, William Morris Endeavor Locations: New York City, Hollywood, Israel, New York, The New York, Manhattan

☆ Climate: The UAE is hosting the world’s biggest annual summit. It’s also planning a massive fossil fuel expansion
▼ + stars: | 2023-11-22 | by ( Angela Dewan | ) edition.cnn.com time to read: +14 min

The flurry of forest conservation deals with Zimbabwe, Zambia, Kenya, Liberia and Tanzania were announced in the months ahead of the annual United Nations’ COP28 climate summit, being hosted this year in December by the United Arab Emirates. The annual climate summit is where global leaders and negotiators from nearly 200 countries will convene to decide how and when to ramp down fossil fuel use. Its parent company, Global Carbon Investments, has already agreed to transfer $1.5 billion to Zimbabwe in “pre-financing for carbon credits.” That’s more than the country spends on education and childcare, which combined are Zimbabwe’s biggest national expense. Minimum Emissions” slogan is a viable climate solution, even as global temperatures soar and scientists press for rapid fossil fuel cuts. Ironically, COP28 could be the arena that transforms ADNOC into a global oil major.

Persons: CNN —, Sheikh Ahmed Dalmook Al Maktoum, —, Sultan Al Jaber —, Al Jaber, ”, Sultan Al Jaber, Callaghan O'Hare, Reuters Al Jaber, ADNOC, Jamie Henn, It’s, Henn, “, Philip Morris, ” Henn, Renat Heuberger, Zinyange Auntony, Julia Jones, ’ ” Justin Kenrick, ” Patrick Galey, “ ADNOC, COP28, Bethlehem Feleke Organizations: CNN, Carbon, United Nations, United, Blue, US Department of Commerce, Abu Dhabi National Oil Company, US, Reuters, Free Media, Climate Watch, UN, COP28, Global Carbon Investments, Mucheni conservancy, Getty, “, Bangor University, Peoples, Forest Peoples Programme, Shell, BP, Global, Energy Locations: Dubai, United Kingdom, Zimbabwe, Zambia, Kenya, Liberia, Tanzania, United Arab Emirates, UAE, Abu Dhabi, Houston, UN, COP28, Africa, “, Swiss, Mucheni, Binga, AFP, Wales, Azerbaijan, Nairobi

☆ GM’s Driverless Taxis Need to Slow Down
▼ + stars: | 2023-11-21 | by ( Stephen Wilmot | ) www.wsj.com time to read: 1 min

A Cruise autonomous taxi in San Francisco, California, earlier this year. Photo: David Paul Morris/Bloomberg NewsStep on the accelerator with driverless vehicles and you scare off regulators and the public, but hit the brakes and you lose financial backers. It won’t be an easy balance for Cruise to strike as it looks for a route out of today’s crisis. The autonomous-taxi venture 80%-owned by General Motors has lost both its co-founders since Sunday, including Chief Executive Officer Kyle Vogt . The resignations, which capped a tumultuous few weeks since the suspension of Cruise’s autonomous-driving permit by the California Department of Motor Vehicles, might make it easier to convince regulators that the business can make a fresh start.

Persons: David Paul Morris, Cruise, Kyle Vogt Organizations: Bloomberg, General Motors, California Department of Motor Vehicles Locations: San Francisco , California

☆ One dead, three injured in shooting at Ohio Walmart - local media
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

Nov 20 (Reuters) - At least one person was killed and three people were injured on Monday in a shooting at a Walmart store in Beavercreek, Ohio, WHIO television reported, citing its reporters on the scene, as witnesses told media a man opened fire with an assault rifle. Three patients from the shooting being treated at a nearby trauma center, a hospital spokesperson said. Beavercreek police said they responded to the shooting and that there was no was longer any threat to the public. The building was cleared and secured and "there is no active threat at this time," police said on the social media platform X, without releasing any details about possible casualties. Another witness on social media described the shooter as a "tall, young white guy" carrying an Army bag.

Persons: WHIO, Catherine Morris, We're, what's, Daniel Trotta, Gerry Doyle Organizations: Walmart, Dayton Daily, Soin, Kettering Health, Police, Thomson Locations: Beavercreek , Ohio, Dayton, Beavercreek, , Ohio

Zhao Changpeng, founder and chief executive officer of Binance greets the audience during an event in Athens, Greece, November 25, 2022. "Today, I stepped down as CEO of Binance," Zhao tweeted. Binance became the world's biggest crypto exchange within six months. As Binance hired more widely from traditional financial and regulatory worlds, Zhao's tight control over his company was undiminished. Richard Teng, a senior Binance executive who joined in 2021, is the new CEO, Zhao posted on social media on Tuesday.

Persons: Zhao Changpeng, Binance, Costas Baltas, Changpeng Zhao, Zhao, Prosecutors, Tuesday's, General Merrick Garland, Yi, Richard Teng, Teng, Tom Wilson, Lisa Shumaker, Bill Berkrot Organizations: REUTERS, Justice Department, Binance, New York Times, U.S, Reuters, Futures Trading Commission, Thomson Locations: Athens, Greece, Binance, Binance ., Shanghai, China, Canada, Tokyo, New York, London

Three-time All-Star relief pitcher Willie Hernández, who won the 1984 AL Cy Young and Most Valuable Player awards for the World Series champion Detroit Tigers, has died. He is among just 11 pitchers to win the Cy Young and MVP in the same year, edging Kansas City's Dan Quisenberry for Cy Young in 1984 and Minnesota's Kent Hrbek for MVP. “I will never forget our team’s celebration together on the mound after he recorded the final out of the 1984 World Series. He will always be remembered as a World Series champion. He was traded to Philadelphia during the 1983 season and pitched four scoreless innings in that year's World Series as the Phillies lost to Baltimore.

Persons: Willie Hernández, Cy Young, Chad Crunk, Hernández, Alan Trammell, Lou Whitaker, Jack Morris, Dan Quisenberry, Minnesota's Kent Hrbek, coaxing, Hall, Hall of Famer Tony Gwynn, Tigers haven't, “, ” Guillermo Hernández, couldn't, Dave Bergman, Glenn Wilson, John Wockenfuss, Hernandez, Mitch Albom, Frank Tanana, Guillermo, ___ Organizations: Cy, Detroit Tigers, Tigers, AL, Kansas City, San Diego, Kansas, Hall of Famer, ”, Chicago Cubs, Phillies, Detroit, Detroit Free Press Locations: Florida, Kansas, San, Aguada , Puerto Rico, Philadelphia, Baltimore

☆ Unions are the strongest in decades. Nearly a million Americans got double-digit raises as a result
▼ + stars: | 2023-11-21 | by ( Chris Isidore | ) edition.cnn.com time to read: +12 min

New York CNN —Nearly 900,000 Americans sitting down to Thanksgiving dinner this week will have unions – and the double-digit pay increases they won – to thank. The strike lasted more than six weeks before the union won contracts it was seeking from all three unionized US automakers. The unions won significant pay increases and job protections they were seeking. And even with some of the contracts that pass, some union members offer significant opposition, believing they could have negotiated for even more. The union won a contract approved by 86% of membership who voted on ratification.

Persons: “, ”, Wheaton, Emily Elconin, David Paul Morris, Stellantis, Kate Andrias, Mike Blake, It’s, Greg Regan, ” Regan, Heidi Shierholz, union’s, Cornell’s Wheaton, That’s, EPI’s Organizations: New, New York CNN, CNN, Cornell University’s School of Industrial and Labor Relations, United Auto Workers, General Motors, Ford, Kaiser Permanente, Ford Motor Co, Michigan Assembly, Bloomberg, Getty, Writers Guild, SAG, Teamsters, UPS, Culinary, Los, Pilots, American, United, Southwest, The, Professional, American Airlines, FedEx, United Airlines, San Francisco International Airport, Detroit, MGM Entertainment, UAW, Big, GM, Labor, Columbia Law, Motors, Workers, AFL, Economic Policy Institute, Labor Department, Union, Toyota, Honda, Hyundai, Starbucks, Starbucks Workers United, ” Locations: New York, Buffalo, Kaiser, Michigan, Wayne , Michigan, DisneyWorld, Los Angeles, Vegas

The market reaction reflects an expectation that a $4 billion payment would be manageable for Binance, four crypto investors and market participants said. Its status has for years left investors wary of risks to the wider market from a string of regulatory and legal headaches facing Binance. Any resolution of the DOJ probe would remove the risk to the crypto market of Binance's sudden collapse, said Sui Chung, CEO of crypto index provider CF Benchmarks. "Binance disappearing overnight remains a potential systemic risk to the crypto market," Chung said. Other investors cited the personal wealth of Zhao as being sufficient to cover any settlement with the DOJ.

Persons: Dado Ruvic, Bitcoin, Binance, Anatoly Crachilov, Crachilov, Changpeng Zhao, Zhao, Sui Chung, Chung, Tom Wilson, Elizabeth Howcroft, Susan Fenton Organizations: REUTERS, U.S . Justice Department, Bloomberg, Reuters, London, Asset Management, DOJ, U.S . Securities, Exchange Commission, Assets Fund, Thomson Locations: Binance, London

☆ OpenAI Says Sam Altman Is Out as CEO: ‘Board No Longer Has Confidence’
▼ + stars: | 2023-11-20 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

OpenAI Says Sam Altman Is Out as CEO: ‘Board No Longer Has Confidence’OpenAI said co-founder Sam Altman is leaving as chief executive. Mira Murati, chief technology officer at the artificial-intelligence company, will serve as interim CEO. Photo: David Paul Morris/Bloomberg News

Persons: OpenAI, Sam Altman, Mira Murati, David Paul Morris Organizations: Bloomberg

In a post on his Facebook page, Lai said he would formally present Hsiao as his running mate on Monday afternoon. "Bi-khim's relationships in D.C. will be invaluable to a President Lai, if he is elected, she's going to bring all of those relationships into his government and he doesn't have those," he told Reuters. The United States, as with most countries, has no formal ties with Taiwan, but is the island's most important international supporter and arms supplier. 'INDEPENDENCE ACT'Like Lai, Hsiao is despised by China, which has twice placed sanctions on her, most recently in April, saying she was an "independence diehard". The DPP champions Taiwan's separate identity from China.

Persons: Hsiao, khim, Morris Chang, Carlos Barria, Lai Ching, Lai, Democratic Progressive Party's, Rupert Hammond, Chambers, Chen Shui, Ben Blanchard, Yimou Lee, Muralikumar Anantharaman Organizations: APEC, Economic Cooperation, REUTERS, Rights, Democratic Progressive, U.S ., Taiwan Business Council, Reuters, The, ACT, Taiwan Affairs Office, DPP, Kuomintang, KMT, Taiwan People's Party, Facebook, Thomson Locations: U.S, Asia, San Francisco , California, Rights TAIPEI, United States, January's, Washington, Beijing, Taiwan, China, The United States, Japan

☆ Bob Iger has been 'fixing' Disney and putting the company in a position to grow: Guggenheim's Morris
▼ + stars: | 2023-11-20 | 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 EmailBob Iger has been 'fixing' Disney and putting the company in a position to grow: Guggenheim's MorrisMichael Morris, Guggenheim Securities media and entertainment analyst, joins 'Squawk on the Street' to discuss why Morris would give Iger a B grade in his first year back as Disney CEO, Morris' expectations for fixing the general entertainment business, and how the analyst would judge Disney's position relative to peers.

Persons: Bob Iger, Guggenheim's Morris Michael Morris, Morris Organizations: Disney, Guggenheim Securities

OpenAI said co-founder Sam Altman is leaving as chief executive. Mira Murati, chief technology officer at the artificial-intelligence company, will serve as interim CEO. Photo: David Paul Morris/Bloomberg NewsOpenAI ’s investors are making efforts to bring back Sam Altman , the chief executive officer who was ousted Friday, the latest development in a fast-moving chain of events at the artificial-intelligence company behind ChatGPT. Altman is thinking about returning but has told investors that if he does return, he wants a new board and governance structure, people familiar with the matter said. He has separately discussed starting a company that would bring on former OpenAI employees, including several who quit in protest over his ouster.

Persons: OpenAI, Sam Altman, Mira Murati, David Paul Morris, Altman Organizations: Bloomberg, ChatGPT

☆ Joe Biden Turns 81 Years Old
▼ + stars: | 2023-11-18 | by ( The Editorial Board | ) www.wsj.com time to read: +1 min

President Joe Biden during an Asia-Pacific Economic Cooperation (APEC) leaders retreat, San Francisco, Nov. 17. Photo: David Paul Morris/Bloomberg NewsIf President Biden’s birthday Monday is anything like his last one, he’ll eat a cake quietly with family and hope nobody else notices. Mr. Biden’s granddaughter was wed on the South Lawn. Regardless, voters have managed to notice that Mr. Biden is showing his years. And who says Mr. Biden hasn’t united the country?

Persons: Joe Biden, David Paul Morris, Biden’s, Biden, Biden hasn’t, muttered sotto Organizations: Economic Cooperation, Bloomberg, CNN Locations: Asia, San Francisco

Taiwan's APEC envoy Morris Chang attends a press conference during the APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco, California, U.S. November 17, 2023. REUTERS/Carlos Barria Acquire Licensing RightsSAN FRANCISCO, Nov 17 (Reuters) - Taiwan's APEC envoy Morris Chang said on Friday that he had informal interactions with U.S. President Joe Biden and discussions with Secretary of State Antony Blinken at a summit in San Francisco, but none with Chinese President Xi Jinping. The White House has not elaborated on those conditions, but Biden asked Xi to respect Taiwan's presidential election process next year, according to a U.S. official. Taiwan's envoy Chang said he supported those U.S. export controls on China. Reporting by Michael Martina in San Francisco and Ben Blanchard in Taipei; Editing by Chris Reese, Kim Coghill and Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Morris Chang, Carlos Barria, Joe Biden, Antony Blinken, Xi Jinping, Chang, Kamala Harris, Xi, Biden, Blinken, Fumio Kishida, Wang Wentao, Michael Martina, Ben Blanchard, Chris Reese, Kim Coghill, Tom Hogue Organizations: APEC, Economic Cooperation, REUTERS, FRANCISCO, U.S, Japanese, Biden, China's, Thomson Locations: Asia, San Francisco , California, U.S, San Francisco, Taiwan, Taipei, Beijing, Thailand, China, United States, Washington

☆ Heart-shaped beds and champagne hot tubs: Inside America’s adults-only hotels
▼ + stars: | 2023-11-17 | by ( Francesca Street | ) edition.cnn.com time to read: +12 min

CNN —Heart-shaped hot tubs surrounded by rose petals, circular beds with ceilings that replicate a starry night sky and jaw-dropping, seven-foot-tall champagne-glass whirlpools for two. Margaret and Corey Bienert/Courtesy Artisan BooksThe Cove Pocono Resorts premiered its heart-shaped hot tub in 1963. For Margaret and Corey, these images of the champagne tub became the thesis statement of their hotel project. Not all the hotels Margaret and Corey frequent are 20th century relics. Margaret and Corey Bienert/Courtesy Artisan BooksWhile most of the hotels Margaret and Corey highlight are in the US, the book also spotlights a few elsewhere in the world.

Persons: Margaret, Corey Bienert, –, ” Margaret, Corey, Morris Wilkins, Wilkins, upping, they’re, Don, aren’t, Toledo , Iowa –, Trixie Mattel, ”, “, Don Q, Margaret Bienert, they’ve, honeymooned, we’ve, “ It’s, it’s, “ There’s, there’s, hadn’t, “ I’ve, Diego Calvo Organizations: CNN, Resorts, CNN Travel, Artisan Books, Miami Princess Hotel, Pocono Resorts, “ Owners, Mon Chalet Locations: Pennsylvania, Pocono, Miami , Florida, Wisconsin, South Amboy New Jersey, Idaho and Utah, Toledo , Iowa, Galena , Illinois, Wildwood, Florence , Kentucky, swingers, Colorado, Idaho, Ibiza, Spain, Spanish

Chang said the Biden-Xi meeting was a “good” one, pointing to their agreement to resume high-level military communications. “It should help reduce the tensions between the U.S. and China, and it should increase stability of Taiwan Strait,” Chang said. Washington has a security pact with Taiwan to deter any armed attack from Beijing and has stepped up its support for the island. Xi sought assurances from Biden that the U.S. would not support Taiwan's independence and requested that Washington support China’s peaceful reunification with Taiwan. Sun Yun, director of the China program at the Washington-based Stimson Center think tank, said Washington won’t accept Beijing’s new demand to support peaceful reunification.

Persons: Joe Biden, China's Xi, Morris Chang, ” Chang, Chang, Biden, Xi, Nancy Pelosi, ” Biden, Sun Yun, Washington won’t, Sun, Tsai Ing, Tsai, Kamala Harris, Antony Blinken, Lael Brainard, Fumio Kishida Organizations: FRANCISCO, Taiwan Semiconductor Manufacturing Company, Asia Pacific Economic Cooperation, U.S, Washington, Stimson, APEC, Japanese Locations: Taiwan, Asia, Pacific, San Francisco, China, Taiwan Strait, Beijing, Washington, The U.S, U.S, “ China

☆ Lightning Round: I like Mastercard and Visa over Block, says Jim Cramer
▼ + stars: | 2023-11-16 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I like Mastercard and Visa over Block, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Archer Aviation, Phillip Morris, Block, Solaredge, Liberty Media and more.

Persons: Jim Cramer, Phillip Morris Organizations: Mastercard, Visa, Archer Aviation, Liberty Media

☆ Exclusive: Jacobs poised to merge government consulting unit with Amentum
▼ + stars: | 2023-11-16 | by ( David Carnevali | ) www.reuters.com time to read: +3 min

REUTERS/Joe Skipper/File Photo Acquire Licensing RightsNov 16 (Reuters) - Engineering consultant Jacobs Solutions Inc (J.N) is in advanced talks to merge its government consulting arm at a valuation of more than $4 billion with private equity-owned Amentum Services Inc, people familiar with the matter said on Thursday. Under the terms discussed, Amentum would merge with Jacobs' Critical Mission Solutions (CMS) business to create a new publicly traded company that would be majority-owned by Jacobs' shareholders, the sources said. Jacobs, Amentum, Lindsay Goldberg and American Securities did not immediately respond to requests for comment. The deal with Amentum would free up resources for Jacobs to focus on its people and places solutions division, which provides transportation and environmental consulting to government entities and private sector clients, and PA Consulting, a management consulting business advising across several sectors. Amentum provides technical and advisory services to government clients including the Air Force and NASA, as well as commercial clients such as ExxonMobil (XOM.N) and Caterpillar (CAT.N).

Persons: Joe Skipper, Amentum, Jacobs, Lindsay Goldberg —, Lindsay Goldberg, Robert Pragada, Artemis, Aecom, PAE, David Carnevali, Lisa Shumaker Organizations: Kennedy Space Center, REUTERS, Engineering, Solutions Inc, Amentum Services Inc, Jacobs, American Securities, NASA, PA Consulting, Air Force, ExxonMobil, Caterpillar, Thomson Locations: Cape Canaveral , Florida, U.S, New York

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