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☆ England's prized soccer league to face regulation and tough new ownership rules
▼ + stars: | 2023-02-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Fans of Chelsea Football Club protest against the European Super League outside Stamford Bridge on April 20, 2021 in London, England. LONDON — The U.K. government on Thursday confirmed plans to set up an independent regulator to oversee soccer clubs following a slew of controversies around acquisitions, new tournament plans and allegations of financial rule-breaking. It follows widespread fan opposition to plans for a new European Super League in 2021. Rights groups have previously insisted that potential Premier League club owners should be subjected to human rights probes. Currently, the rules prohibit prospective owners that have previous criminal convictions or breaches of major football regulations.

☆ Unilever Tries Reformulating Its Ice Cream to Survive Warmer Freezers
▼ + stars: | 2023-02-22 | by ( Katie Deighton | ) www.wsj.com time to read: +6 min

Keeping ice cream at 10 degrees as opposed to zero will reduce energy use and greenhouse gas emissions by roughly 20% to 30% per freezer, it said. Unilever’s out-of-home ice cream sales declined slightly during the fourth quarter of 2022 because, the company said, some stores unplugged their freezers sooner in the year than usual. Higher temperatures can lead to softer ice creams that stick to wrappers and slide off ice cream sticks, for example, said Andrew Sztehlo, chief research and development officer for Unilever’s ice cream division. The warming program isn’t designed to sweat competitors out of Unilever freezers, which some shopkeepers fill with an assortment of brands that don’t carry the Unilever logo, Mr. Sztehlo said. Representatives from ice cream makers Nestlé SA, Mars Inc., General Mills Inc. and Froneri International Ltd. declined to comment.

☆ After Mexican government cracked down on solar geoengineering, startup lets off balloons in Nevada
▼ + stars: | 2023-02-22 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +3 min

Essentially, solar geoengineering is mimicking what happens when a volcano erupts, and it's known to work. Solar geoengineering is not a solution to climate change, and nobody who studies it rigorously suggests it should be. Injecting sulfur dioxide into the atmosphere could damage the ozone layer, cause respiratory illness and create acid rain. The White House is coordinating a five-year research plan into solar geoengineering, the quadrennial U.N.-backed Montreal Protocol assessment report included an entire chapter addressing stratospheric aerosol injection (more colloquially called solar geoengineering), and Dustin Moskovitz, a co-founder of Facebook , is funding solar geoengineering research via his philanthropic organization, Open Philanthropy. The Nevada launch was previously detailed by Time reporters, who were there.

☆ BlockFi Seeks to Strip Sam Bankman-Fried’s Investment Vehicle of Bankruptcy Protections
▼ + stars: | 2023-02-17 | by ( Andrew Scurria | ) www.wsj.com time to read: 1 min

Crypto lender BlockFi Inc. has asked for a court ruling stripping Sam Bankman-Fried‘s offshore investment vehicle of the protections of chapter 11, citing the recent seizure of its assets by federal prosecutors. BlockFi, itself bankrupt since November, sought Thursday to dismiss the bankruptcy case of Emergent Fidelity Technologies Ltd., the offshore investment vehicle that Mr. Bankman-Fried used to purchase a 7.6% stake in Robinhood Markets Inc. The chapter 11 case serves little purpose and was only filed to undermine BlockFi’s...

☆ VC firm Counteract just reached first close on its $42 million carbon removal fund. We got an exclusive look at the 11-slide LP deck it used to secure cash from The Grantham Foundation.
▼ + stars: | 2023-02-17 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

VC firm Counteract has reached first close on its inaugural £35 million fund. It plans to back 40 global companies across all elements of carbon removal. London-based firm Counteract, founded in 2021, has just reached first close on its inaugural £35 million, about $41.9 million, fund. Direct air capture is one of the best-known carbon removal technologies thanks to Swiss company Climeworks. Isaacs stressed the importance of exploring all potential technologies as carbon removal evolves alongside policy, making it inherently risky.

☆ 'We are a long way from the top': Morgan Stanley’s Slimmon picks stocks to ride the rally
▼ + stars: | 2023-02-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Morgan Stanley Investment Management's Andrew Slimmon says that stocks are set to rally further. The economy is proving to be "far more resilient" than what the doomsayers had projected, says managing director and senior portfolio manager Slimmon. Stocks went through a difficult year in 2022, with the S & P 500 plummeting nearly 20%. Slimmon predicted that the U.S. Federal Reserve will raise rates a few more times, before pausing. Stock picks Although growth stocks such as tech have bounced back this year, Slimmon says the "real opportunity" is in cyclical stocks.

☆ Morgan Stanley's Slimmon says the 'real opportunity' is in this segment of stocks
▼ + stars: | 2023-02-16 | 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 EmailMorgan Stanley's Slimmon says the 'real opportunity' is in this segment of stocksMorgan Stanley Investment Management's Managing Director Andrew Slimmon says that although growth stocks have bounced back, the "real opportunity" is in cyclical stocks. He names three to buy.

☆ 'The Last of Us' is based on real science: A fungus pandemic is unlikely, but not impossible
▼ + stars: | 2023-02-16 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +11 min

"The Last of Us" on HBO Max depicts a zombie apocalypse caused by a fungus pandemic. Here's the science fact and fiction behind the show, and the possibility of a fungal pandemic. The new scenario, first realized in the video game that the show is based on, is making viewers wonder whether a fungus pandemic can happen in real life. "A fungal pandemic is definitely possible," Norman Van Rhijn, a mycologist researching fungal infections at the University of Manchester, told Insider in an email. Still, fungal infections are on the rise worldwide, and researchers are concerned that more and more people are at risk.

☆ From Nike to Nutella: Company names you have probably been mispronouncing your whole life
▼ + stars: | 2023-02-06 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +6 min

Global company names often get Anglicized or Americanized to the point where they're unrecognizable, but brands could see some benefits if their names are pronounced correctly. Allianz: al-ee-anz"Allianz " is, perhaps unsurprisingly, the German word for "alliance." It isn't pronounced like the ancient Greek herald of the gods, Hermes, unlike the U.K. delivery company of similar spelling. Moët & Chandon: mow-et ey shon-donIn contrast to typical French pronunciation, there is a hard "T" sound at the end of "Moët." Heuer is the last name of the company's founder, Edouard Heuer.

☆ There is more upside for investors in China, says Morgan Stanley's Andrew Slimmon
▼ + stars: | 2023-02-02 | 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 EmailThere is more upside for investors in China, says Morgan Stanley's Andrew SlimmonAndrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, joins 'The Exchange' to discuss recent comments by Ray Dalio, investment opportunities in China, and the implications of China's reopening.

☆ Bed Bath & Beyond Faces Debt Deadline as Bankruptcy Looms
▼ + stars: | 2023-02-01 | by ( Suzanne Kapner | Andrew Scurria | ) www.wsj.com time to read: 1 min

The clock is ticking for Bed Bath & Beyond Inc. The home-goods chain’s lenders have cut off credit and it hasn’t secured a buyer to acquire its business, leaving it with dwindling options to avoid a bankruptcy filing. With chapter 11 looking increasingly likely, the focus shifts to what’s next for the retailer and what shape it might take coming out of a restructuring. Here is what we know.

Johnson & Johnson ‘s loss in a federal appeals court over baby-powder litigation could force the health-products company to defend thousands of lawsuits case by case, just as it navigates the biggest restructuring in its 137-year history. The decision by the Third U.S. Circuit Court of Appeals rejecting J&J’s efforts to use bankruptcy proceedings to handle talc-related lawsuits means the company won’t be able to resolve the allegations as soon as it could have and in a single court, according to legal experts and analysts.

☆ Here’s What’s Next for Bed Bath & Beyond as Bankruptcy Looms and Stores Close
▼ + stars: | 2023-01-31 | by ( Suzanne Kapner | Andrew Scurria | ) www.wsj.com time to read: 1 min

☆ Here’s What’s Next for Bed Bath & Beyond as Bankruptcy Looms
▼ + stars: | 2023-01-31 | by ( Suzanne Kapner | Andrew Scurria | ) www.wsj.com time to read: 1 min

☆ A fungus pandemic is unlikely, but not impossible. There's real science behind the mushroom zombies in HBO's new series 'The Last of Us.'
▼ + stars: | 2023-01-29 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +11 min

The new HBO Max series "The Last of Us" depicts a zombie apocalypse caused by a fungus pandemic. Here's the science fact and fiction behind the show, and the possibility of a fungal pandemic. The new scenario, first realized in the video game that the show is based on, is making viewers wonder whether a fungus pandemic can happen in real life. "A fungal pandemic is definitely possible," Norman Van Rhijn, a mycologist researching fungal infections at the University of Manchester, told Insider in an email. Still, fungal infections are on the rise worldwide, and researchers are concerned that more and more people are at risk.

☆ Tyre Nichols video showed how ‘culture of policing’ and ‘ancient’ procedures were on display, ex-officers say
▼ + stars: | 2023-01-28 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +8 min

Memphis authorities on Friday released videos from multiple vantage points showing the aftermath of the traffic stop. Five Memphis police officers were fired and charged with second-degree murder, and other crimes, including aggravated assault and kidnapping. Georgetown Law professor and NBC News legal analyst Paul Butler appeared on MSNBC Saturday to discuss the release of the Nichols video. Video shows Nichols escaped while on the ground and an officer shot a stun gun at him. “The bottom line is there were sufficient number of officers to do as such and to get him corralled and handcuffed at that traffic stop.

Bed Bath & Beyond Inc.’s path to restructure its business in bankruptcy is narrowing, as the home-goods retailer struggles to find financial support to keep its operations funded and avoid liquidation, people familiar with the matter said. The company, which is expected to file for bankruptcy soon, faces limited options to reorganize as a going concern, these people said: Its lenders have cut off credit, it hasn’t secured a buyer to acquire its business, it is struggling to raise financing to survive chapter 11 even in shrunken form and many vendors have stopped shipping goods to the retailer. Discussions are continuing and a financing deal could still materialize, these people said.

☆ Under West Virginia bills, exposing minors to transgender people could be a crime
▼ + stars: | 2023-01-20 | by ( Jo Yurcaba | Jo Yurcaba Is A Reporter For Nbc Out. | ) www.nbcnews.com time to read: +5 min

Two West Virginia bills aim to protect minors from obscene performances and materials, which the bills define, in part, as anything that includes exposure to or performances by transgender people. People who violate the bill regulating venues and performances, SB 278, could face a misdemeanor, a fine of up to $1,000 and/or jail time. Advocates in the state say the bills declare transgender people’s existence as inherently sexual and harmful to children. In West Virginia, legislators have introduced at least 10. Another West Virginia bill would allow 15% of voters in a city to recall “any ordinance or city code provision previously enacted by the governance.” Schneider said this bill, though it doesn’t explicitly name LGBTQ issues or people, could be used to repeal local nondiscrimination protections for LGBTQ people, which have passed in 18 cities in West Virginia.

☆ Morgan Stanley’s Slimmon says stocks will surprise Wall Street in 2023 — and names two he likes
▼ + stars: | 2023-01-19 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

Wall Street strategists expect this year to end on a much better note than 2022 — but they still warn that the path ahead looks volatile. However, Morgan Stanley's Andrew Slimmon said he believes stocks are going to do "far better" than most expect. Slimmon also likes Pool Corp , a Louisiana-based company that sells swimming pool supplies. Fed pivot in the works His relatively positive read on the economy is a big reason for his optimism about the market. But Slimmon said he believes the bond market is signaling that the U.S. Federal Reserve will pivot "sooner than it expects."

☆ Mexico cracks down on solar geoengineering, forcing startup to pause operations
▼ + stars: | 2023-01-18 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +6 min

The sun sets behind power lines near homes during a heat wave in Los Angeles, California on September 6, 2022. On Friday, the government of Mexico issued a statement that it plans to "prohibit and, where appropriate, stop experimentation practices with solar geoengineering in the country." Both Wanser and Make Sunsets both indicated their support for thorough and detailed study of sunlight reflection technologies. But it's not known whether the damage caused by sunlight reflection technology — possibly including damage to the ozone layer, increased respiratory illness, and acid rain — could be worse than the future effects of global warming. Understanding its risks and benefits through research is critical for the world's most climate-vulnerable people," she said in a statement.

☆ The 10 fastest-growing jobs in the U.S. right now—many pay over $100,000 a year
▼ + stars: | 2023-01-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

Here are the top 10 fastest-growing jobs in 2023, according to LinkedIn; you can read the full list of the top 25 jobs here. Salary range: $41,600-$122,000Top locations hiring: New York City, San Francisco, Washington, D.C.-Baltimore area3. Salary range: $60,000-$145,000Top locations hiring: New York City, Washington D.C.-Baltimore area, Boston4. Salary range: $55,000 - $125,000Top locations hiring: New York City, San Francisco, Los Angeles6. Salary range: $60,000-$132,000Top locations hiring: New York City, San Francisco, Los Angeles9.

☆ Volkswagen announces changes to Mexico, Canada supervisory boards
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: 1 min

Companies Volkswagen AG FollowFRANKFURT, Jan 12 (Reuters) - German car company Volkswagen Group (VOWG_p.DE) announced on Thursday promotions in its North American operations, CFO and COO Arno Antlitz posted on LinkedIn. Volkswagen of America President and CEO Pablo Di Si will take on the role of chairman of the company's Mexican supervisory board, and Andrew Savvas, Chief Sales & Marketing Officer at Volkswagen of America, will become chairman of its Canadian supervisory board. Both appointments take effect immediately, in a region Antlitz describes as "a cornerstone of the group's strategy." Reporting by Emma-Victoria Farr, editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

☆ List of FTX Backers Expands to Include Kraft Group, Other Family Offices
▼ + stars: | 2023-01-11 | by ( Andrew Scurria | ) www.wsj.com time to read: 1 min

FTX raised equity capital before its collapse from Robert Kraft‘s Kraft Group and entertainment giant Endeavor Group Holdings Inc., among other newly-identified backers who now face the loss of their investments in the once-highflying exchange. The crypto firm’s chapter 11 administrators disclosed a new roster of its financial backers that listed affiliates of Kraft Group and entertainment giant Endeavor as holding common and preferred stock. FTX also disclosed that it raised capital from affiliates of investment offices including Daniel Och‘s Willoughby Capital LLC and Blue Pool Capital, a Hong-Kong office backed by Alibaba Group co-founder Joseph Tsai, according to the shareholder list, filed in bankruptcy court on Tuesday.

☆ Know what's in your ETFs: Wild divergence in retail funds to start 2023
▼ + stars: | 2023-01-11 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

At the same time, several online retail stocks have boomed, thanks in part to China abandoning its zero Covid policy. That has created a large gap between some retail ETFs, with broader funds lagging behind those with an e-commerce focus. For example, the Amplify Online Retail ETF (IBUY) and ProShares Online Retail ETF (ONLN) gained 7.7% and 8.1%, respectively in the first five trading days of the year. IBUY YTD mountain Online retail ETFs like IBUY are off to a fast start in 2023. Any reversal there could push retail ETFs that also hold more traditional "brick-and-mortar" stores, back into the lead.

☆ BlackRock's mighty tech unit is a silver lining in an awful market. But competition and a recession could test its momentum.
▼ + stars: | 2023-01-09 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +7 min

In a tumultuous year for BlackRock, its powerful Aladdin business won record new mandates. "2022 was a good litmus test for the BlackRock model vis-a-vis Aladdin," said Cathy Seifert, a senior equity analyst at CFRA Research. Now Sudhir Nair, the longtime BlackRock executive who runs the Aladdin business globally, and his sprawling business face a test: Keeping that momentum. "To get new business, Aladdin may have to sharpen their pencils, despite the fact that I do think they still retain a best-in-class position," Seifert said. Influential rival money managers like Two Sigma, Pimco, State Street, and Amundi have been putting resources behind their own proprietary tech platforms.

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