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☆ Tsai Ing-wen: the leader who put Taiwan on the map and stood up to China
▼ + stars: | 2024-05-18 | by ( Wayne Chang | Nectar Gan | ) edition.cnn.com time to read: +16 min

While supporters applaud Tsai for standing up to China, defending Taiwan’s sovereignty, freedom and democracy, critics blame her for straining ties with Beijing, stoking cross-strait tensions. Beijing, which deems the tacit agreement a precondition for dialogue, has cut official contact with Taipei since Tsai took office. Taiwan President Tsai inspects reservists at a training session at a military base in Taoyuan on May 11, 2023. But under Tsai, Taiwan has sought to enhance its asymmetric defense capabilities, developing and procuring cheaper and more mobile weapon systems that could be instrumental in halting a potential Chinese invasion. Taiwanese military experts have increasingly advocated for such an approach, noting that Taiwan can never match China in military might and assets.

Persons: Taipei CNN — Tsai Ing, introvert, ” Tsai, Xi Jinping, Xi, Tsai, stoking, Taiwan’s, Lai Ching, ”, Alex Chan Tsz Yuk, Wellington Koo, “, Vanessa Hope, Ma Ying, Taiwan's, Jose Lopes Amaral, Wen, Amanda Hsiao, Nancy Pelosi, Chien Chih, Nancy Pelosi’s, Huang, Jameson Wu, ” Sung, ” Hsiao, “ Tsai, Sawayasu Tsuji, Sung, ” Tsai’s, –, Lai Organizations: Taipei CNN, Democratic Progressive Party, DPP, Kuomintang, KMT, World Health Organization, WHO, Atlantic, Trump, Biden, International Crisis, US, Getty, World Health Assembly, National Chengchi University, Getty Images, Taiwan’s Military Academy, ” Tsai’s DPP Locations: Taipei, Taiwan, China, United States, Beijing, Tsai, Asia, Wellington, Ukraine, Gaza, Japan, Czech Republic, Republic of China, Taoyuan, AFP, Washington, Hong Kong

☆ Voting this year will be harder than it is was four years ago in more than half the states, a new report finds
▼ + stars: | 2024-05-17 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +4 min

CNN —Americans in more than half of the states will face voting restrictions this year that weren’t in place four years ago during the last presidential election, a new analysis finds. Kay Ivey in March – makes it a crime in most cases to return an absentee ballot application on behalf of another voter. And it’s now a felony for a person to receive payment for distributing or collecting absentee ballot applications. At least 11 states have enacted laws this year that the Brennan Center officials say make it easier to vote. Given the changed election law landscape, she added, it’s crucial that people who plan to cast ballots this fall start to familiarize themselves with their state’s voting rules.

Persons: Brennan, ”, Sara Carter, Donald Trump, baselessly, –, Kay Ivey, ” Ivey, Grant Baldwin, Michael Swensen, ” Carter Organizations: CNN, Brennan Center for Justice, New York, Brennan Center, Republican Gov, “, Getty, Brennan, Kentucky Locations: North Carolina, Alabama, Idaho, Charlotte , North Carolina, Carolina, Louisville , Kentucky, Nebraska

☆ Judge to Rule Next Week on Whether to Dismiss Alec Baldwin Case
▼ + stars: | 2024-05-17 | by ( Julia Jacobs | ) www.nytimes.com time to read: +1 min

A judge in New Mexico will rule next week on whether to dismiss the involuntary manslaughter indictment against Alec Baldwin in the fatal shooting of a cinematographer on the “Rust” film set, after she closely questioned the lead prosecutor on Friday about her handling of grand jury proceedings. Lawyers for Mr. Baldwin — who was rehearsing with an old-fashioned revolver on the set in 2021 when it fired a live bullet, killing the cinematographer, Halyna Hutchins — had lodged numerous objections to how the case has been handled, calling the prosecution “an abuse of an innocent person whose rights have been trampled to the extreme.”The defense claimed at a hearing on Friday that the prosecution had not sufficiently shown the jurors evidence that could have supported Mr. Baldwin’s case. That included presenting witnesses who could have bolstered the defense’s contention that Mr. Baldwin had no reason to think that the gun was loaded with live ammunition and that actors are not responsible for gun safety on film sets. “The court can have no comfort in this indictment; it can have no comfort in the way it was procured,” a lawyer representing Mr. Baldwin, Alex Spiro, argued at the hearing, which took place virtually. “It cannot possibly believe it was fair and impartial.”

Persons: Alec Baldwin, Baldwin —, Halyna Hutchins —, Baldwin, ”, Alex Spiro Organizations: Mr Locations: New Mexico

☆ Putin’s China Visit Highlights Military Ties That Worry the West
▼ + stars: | 2024-05-17 | by ( David Pierson | ) www.nytimes.com time to read: +1 min

President Vladimir V. Putin attended a trade fair on Friday in a northeastern Chinese city and toured a state-backed university famous for its cutting edge defense research, highlighting how economic and military ties between the countries have grown despite, or perhaps because of, Western pressure. Mr. Putin’s visit to Harbin, a Chinese city with a Russian past, is part of a trip aimed at demonstrating that he has powerful friends even as his war against Ukraine — a campaign that he is escalating — has isolated him from the West. The visit followed a day of talks between him and President Xi Jinping of China that seemed orchestrated to convey not only the strategic alignment of the two powerful, autocratic leaders against the West, but a personal connection. State media showed Mr. Putin and Mr. Xi, neck ties off after formal talks on Thursday, strolling under willow trees and sipping tea at a traditional pavilion on the sprawling grounds of Zhongnanhai, the walled leadership compound in Beijing, with only their interpreters. As Mr. Xi saw Mr. Putin off in the evening, he even initiated a hug — a rare expression of affection for the Chinese leader.

Persons: Vladimir V, Putin, Putin’s, Ukraine —, Xi Jinping, Xi Organizations: Ukraine Locations: Harbin, Russian, China, Zhongnanhai, Beijing

☆ FIFA to take legal advice on calls to suspend Israel Football Association
▼ + stars: | 2024-05-17 | by ( Zayn Nabbi | ) edition.cnn.com time to read: +3 min

The Palestinian Football Association (PFA) had called for a vote to ban Israel before Infantino made the announcement over accusations that the IFA had violated FIFA rules during the continued war in Gaza. “Due to the obvious sensitivity of these matters, FIFA will mandate, as of now, independent legal expertise to analyse and assess the three requests made by the Palestinian Football Association and ensure that the statutes and regulations of FIFA are applied in the correct way,” Infantino said. “As I speak to you today, the Palestinian people, including the Palestinian football family, are enduring an unprecedented humanitarian catastrophe. Manan Vatsyayana/AFP/Getty ImagesRajoub went on to call for FIFA “to temporarily suspend the IFA as a member of FIFA with immediate effect.”Jordan Football Association general secretary Samar Nassar backed Rajoub, saying: “We are not here to deliberate on the human tragedy. And like anyone else, I was extremely, extremely shocked, and am extremely shocked at what’s happening in Gaza.”“I pray for all those people who suffer the unimaginable … and I want, like all of you, just one thing: peace.”

Persons: Gianni Infantino, Infantino, ” Infantino, “, Jibril Rajoub, ” Rajoub, Shino Moshe Zuares, Manan Vatsyayana, Rajoub, ”, Samar Nassar, ” Nassar Organizations: CNN, FIFA, Israel Football Association, IFA, Palestinian Football Association, Israel, FIFA Council, PFA, Getty, FIFA “, ” Jordan Football Association, “, Palestinian Association, UEFA Locations: Bangkok, Thailand, Gaza, AFP, Yugoslavia, Russia, Africa, Israel

☆ Mercedes-Benz workers in Alabama vote against unionizing in blow to big UAW push
▼ + stars: | 2024-05-17 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

Out of the valid votes counted, 56% of workers voted “no,” while 44% voted “yes” for unionization, according to Mercedes-Benz. Under relatively new UAW president Shawn Fain, the UAW had shifted its strategy for a membership push in non-unionized factories, many of which are located in the American South. David Johnston, right, a worker at Mercedes, thanks UAW President Shawn Fain following a press conference in Tuscaloosa, Alabama on May 17, 2024, after workers at two Alabama Mercedes-Benz factories voted overwhelmingly against joining the United Auto Workers union. Alabama is not Michigan, and we are not the Sweet Home to the UAW,” Ivey said in the statement. People react as the result of a vote comes in favour of the hourly factory workers at Volkswagen's assembly plant to join the United Auto Workers (UAW) union, at a watch party in Chattanooga, Tennessee, U.S., April 19, 2024.

Persons: Shawn Fain, Fain, ”, ” “, ” Fain, David Johnston, Kim Chandler, “, Kay Ivey, Vance, ” Ivey, Mercedes, Tesla, Seth, Wheaton, Mercedes plant’s, It’s, Mercedes Benz, ” Wheaton, “ It’s, Chris Isidore, Nathaniel Meyersohn Organizations: New, New York CNN, United Auto Workers, Mercedes, Benz, The National Labor Relations Board, UAW, Alabama, Big Three, Volkswagen, International, Team, Workers, Alabama Gov, Benz US International, Member, ” CNN, US, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Toyota, Volvo, Seth Herald, Reuters, Chattanooga, Volkswagen didn’t, Cornell University School of Industrial and Labor Relations ’, CNN, P Global Market Intelligence Locations: New York, Benz, Alabama, United States, Chattanooga , Tennessee, American, Tuscaloosa , Alabama, MBUSI, Alabama , Georgia , Mississippi, South Carolina , Tennessee, Texas, Michigan, U.S, Cornell University School of Industrial and Labor Relations ’ Buffalo

☆ A 16-year-old took home $75,000 for her award-winning discovery that could help revolutionize biomedical implants
▼ + stars: | 2024-05-17 | by ( Morgan Mcfall-Johnsen | Jenny Mcgrath | ) www.businessinsider.com time to read: +6 min

The high schooler from Lexington, Kentucky, developed a new technique to improve organic electronic devices. The technology could someday make medical implants significantly more compatible with human bodies and far less invasive. Long days in a university labGrace Sun holds an OECT device that helped her win the ISEF science fair. It took long hours, and much of it needed to be done in a lab at the University of Kentucky. AdvertisementSun engineered a new technique to improve the devices' performance and take them closer to commercial use.

Persons: —, Sun, hasn't, she's, Grace, haven't, They're, they're, Christopher Gould, George D, Ian Jandrell, it's, ISEF, Jandrell, Grace Sun, Chris Ayers, Society for Science Sun, OECTs Organizations: Service, Business, Regeneron, Science, Engineering, Society for Science, Research, Nature, University of Kentucky, Sun Locations: Lexington , Kentucky, Los Angeles

☆ Neither Russia nor China wants the Ukraine war to end, but for different reasons
▼ + stars: | 2024-05-16 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Read previewRussian President Vladimir Putin is on a two-day visit to China, and he's bringing along a large trade delegation. But Russia has also become increasingly reliant on China since it started the war in Ukraine. For instance, Russia is now "exporting raw materials to China while China sends finished goods, especially cars, to Russia — the latter at the expense of Russia's indigenous auto industry," she added. However, some analysts say China has more to gain from a continuing war. China and Russia are forging a partnership increasingly reminiscent of a great power alliance," wrote Michta.

Persons: —, Vladimir Putin, It's, Putin, Xi —, Michta, Russia —, Europe —, China's Organizations: Service, Business, Center for, Bilateral, West, Center, Global Energy, Columbia University, Kyiv —, US Army Locations: China, Russia, Ukraine, Moscow, Siberia, Europe, Beijing

☆ Kevin Spacey receives star support as he fights to get his career back
▼ + stars: | 2024-05-16 | by ( Lisa Respers France | ) edition.cnn.com time to read: +4 min

CNN —Kevin Spacey is pushing back on the “rush to judgment” against him and is being backed by some big names as he seeks to reclaim his acting career. Sharon Stone and Liam Neeson issued statements of support for Spacey in a story by The Telegraph. Kevin Spacey in 2023. Wiktor Szymanowicz/Future Publishing/Getty ImagesThe timing of the interview comes after the release of “Kevin Spacey Unmasked,” a two-part docuseries that examines Spacey’s career and subsequent fall over the allegations of inappropriate sexual behavior. There’s a proper channel to handle allegations against me and it’s not Channel 4,” Spacey wrote.

Persons: Kevin Spacey, Sharon Stone, Liam Neeson, Spacey, Kevin, ” Stone, ” Neeson, “ Kevin, ”, Anthony Rapp, Rapp, Ridley Scott, Christopher Plummer, “, Wiktor, “ Kevin Spacey, ” Spacey, “ Spacey, Rapp . Spacey, ‘, we’d, ’ Organizations: CNN, The Telegraph, ”, Netflix, Publishing, Max, ” CNN, Old, ” Corporations Locations: London, New York

☆ A millennial who's been applying to jobs for a year says he's encountered ghost jobs and scammers in his struggle to find a remote role
▼ + stars: | 2024-05-16 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

Martins said that in the 12 months since his layoff, he'd been actively looking and applying for jobs but hadn't had much luck. In recent years, the rise of remote work and historically high job openings have helped more people with health issues find employment. But remote jobs aren't as common as they used to be — and there's competition to land one. AdvertisementThe share of US remote job postings on LinkedIn fell from more than 20% in April 2022 to about 10% in December 2023. AdvertisementIn part because of his upcoming move, Martins said, he'd focused his job search on remote roles.

Persons: —, Felipe Martins, Martins, He'd, didn't, he'd, hadn't, he's, scammers Organizations: Service, Business, Bureau of Labor Statistics, Federal Reserve Bank of San, Social, BLS, LinkedIn, scammers, Federal Trade Commission Locations: Utah, Federal Reserve Bank of San Francisco, Washington

☆ How Google CEO Sundar Pichai shook up his leadership team for the AI era
▼ + stars: | 2024-05-16 | by ( Hugh Langley | ) www.businessinsider.com time to read: +11 min

It came almost 12 months after Google combined two key AI groups, DeepMind and Google Brain. Google's AI MVPGoogle DeepMind CEO Demis Hassabis GoogleDemis Hassabis might be the most important person at Google right now. Then, in April last year, Pichai announced he would merge DeepMind with Google's in-house AI unit, known as Brain, into a supergroup named Google DeepMind. Reid reports directly to Raghavan, the ads and search senior vice president, and is shepherding a dramatic transition of Google Search. Fears of chatbots eating into Google's search dominance have yet to be realized, giving Google time to reinvent its most hallowed product.

Persons: —, Sundar Pichai, Pichai, Susan Wojcicki, Demis, Hassabis, Larry Page, DeepMind, OpenAI, it's, accrues, ED JONES, Rick Osterloh, Sameer Samat, he'll, Hiroshi Lockheimer, Osterloh, Prabhakar Raghavan, Siri, Tim Cook, Hiroshi, SAJJAD HUSSAIN, Liz Reid, Reid, Raghavan, Pandu Nayak, Venkatachary, It's, chatbots, Bernstein, Mark Shmulik Organizations: Service, Google, Business, Google's, BI, Research, Hassabis, Android, Apple, Apple's Vision, CNBC, Google Local Locations: Raxium

☆ Zelenskyy canceled all his foreign trips, a sign things are critically bad for Ukraine right now
▼ + stars: | 2024-05-16 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +6 min

This has given Russian forces the chance to make small but steady gains. It's one of 30 settlements that have seen heavy bombardment by Russian forces, Kharkiv Governor Oleh Syniehubov said on Monday. AdvertisementHolding on until Western aid comesMeanwhile, chronic delays in Western support has left Ukraine badly under-supplied in ammunition. Advertisement"This year represents a window of opportunity for Russia," military analyst Michael Kofman told the Times. "But if the Russian military is not able to turn these advantages into battlefield gains and generate momentum, there's a fair chance that this window will begin to close as we enter 2025."

Persons: —, Volodymyr Zelenskyy, Zelenskyy's, Sergii Nykyforov, Nykyforov, EFE, King Felipe VI of Spain, Zelenskyy, Hamish de Bretton Gordon, Bretton Gordon, Vladimir Putin, George Barros, Chasiv Yar, Kyryo Budanov, Oleh Syniehubov, Ann Marie Dailey, Russia's, Emmanuel Macron's, de Bretton Gordon, Michael Kofman Organizations: Service, Business, Telegraph, British, Institute, Associated Press, New York Times, BBC, Kharkiv, RAND, Fleet, Russian, Politico, Times Locations: Ukraine, Russia, Spanish, Portugal, Ukrainian, Donetsk, Kharkiv, Chasiv Yar, Vovchansk, Russian, Ukraine's, prevarication, it's

☆ Opinion | The Authoritarians Have the Momentum
▼ + stars: | 2024-05-16 | by ( David Brooks | ) www.nytimes.com time to read: +1 min

The central struggle in the world right now is between liberalism and authoritarianism. In this contest, we liberals should be wiping the floor with those guys! Modi seems to be on the verge of re-election. Over the last two centuries liberalism has evolved into a system that respects human dignity and celebrates individual choice. As other moral systems, like religion, have withered in many people’s lives, liberalism itself has expanded to fill the hole in people’s souls.

Persons: Donald Trump, Viktor Orban, Narendra Modi, Tayyip Erdogan, Vladimir Putin, Xi Jinping, Trump, Modi, ” Alexandre Lefebvre, isn’t Locations: Iran, Russia

AdvertisementWarning: Spoilers for the first four episodes of "Bridgerton" season 3 and the book "Romancing Mr. Bridgerton" ahead. AdvertisementHannah Dodd as Francesca Bridgerton on season three, episode two of "Bridgerton." Season 3 should've built on 'Queen Charlotte' moreQueen Charlotte and Lady Danbury are underutilized so far in season three. Cressida's story is one of the best parts of the season so farCressida Cowper is given more depth in "Bridgerton" this season. "Bridgerton" season three, part two premieres June 16 on Netflix.

Persons: —, Caralynn Matassa, Palmer Haasch, Adekaiyero —, Bridgerton, Penelope, Colin, schtick, Luke Newton doesn't, Luke, Caralynn, Jonathan Bailey, Palmer, that's, I'm, Eloise, Cressida, Debling, Lord Debling doesn't, Polin, they've, he's, Liam Daniel, Netflix Palmer, — they're, Kanthony, Anthony, Kate, Anthony didn't, Daphne, Simon, Benedict whoring, Benedict, Lady Tilley Arnold, Lady Tilley, Francesca, John, Kilmartin, Hannah Dodd, Francesca Bridgerton, Fran, Hannah, Violet, Claudia Jessie, I've, Charlotte, Lady, Laurence Cendrowicz, Lady Danbury, Queen Charlotte, Golda Rosheuvel, they'd, Danbury, Lord Marcus, Lady Danbury haven't, Lady Featherington, Lord Debling, Featherington, Polly Walker, it's, Will Mondrich, Mondrich, Jean Page's, Alice, Will, doesn't, Cressida Cowper, Lady Whistledown, we've Organizations: Service, Business, —, Netflix Locations: Polin's, Lady Danbury, Queen, Lady, India

☆ A millennial who got laid off says he's encountered ghost jobs and scammers in his struggle to find a remote role
▼ + stars: | 2024-05-16 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

In the 12 months since his layoff, Martins said he's been actively looking and applying for jobs but hasn't had much luck. In recent years, the rise of remote work and historically high job openings have helped more people with health issues find employment. But remote jobs aren't as common as they used to be — and there's competition to land one. AdvertisementThe share of US remote job postings on LinkedIn fell from over 20% in April 2022 to about 10% in December 2023. But without a job, he's had to deal with some financial stresses.

Persons: —, Felipe Martins, Martins, He'd, didn't, he's, hasn't, he'd, He's, doesn't, scammers Organizations: Service, Business, Bureau of Labor Statistics, San Francisco Fed, Social, BLS, LinkedIn, scammers, Federal Trade Commission Locations: Utah, Washington

☆ Biden’s trade chief walks back comments contradicting Biden on tariffs and inflation
▼ + stars: | 2024-05-16 | by ( Matt Egan | Kayla Tausche | ) edition.cnn.com time to read: +8 min

Research shows that former President Donald Trump’s tariffs on China did indeed raise prices on consumers and businesses — despite his claims otherwise. The study found tariffs imposed by former President Donald Trump did not meaningfully contribute to inflation. “The new Biden tariffs, like the more extensive ones that Trump has promised, will worsen US inflation. It is fair to debate how much the Biden tariffs will impact inflation because they are not nearly as widespread as what Trump imposed and what Trump is promising if he’s reelected. Trump enacted sweeping tariffs on $300 billion in Chinese imports, setting off a trade war between the world’s two biggest economies.

Persons: Katherine Tai, Joe Biden’s, ” Tai, —, Donald Trump’s, Tai, Angela Perez, Donald Trump, Goldman Sachs, Tai’s, “ Trump, ” Biden, “, Alex Durante, Tai’s “, Maury Obstfeld, Biden, ”, Trump, he’s, ” Perez, White, Morgan, Daleep Singh, Jen Psaki, Jared Polis, ” Polis, Ed Mills, Raymond James, David Kelly, ” Kelly Organizations: New, New York CNN, US, White, Research, CNN, US International Trade Commission, “, China, Tax, Obama, Peterson Institute for International Economics, Biden, Atlantic Council, Bretton, Committee, ”, Colorado Gov, Republicans, Asset Management Locations: New York, China, Ukraine, EVs, Europe

☆ Netflix is rebuilding the cable bundle, but there’s one conspicuous topic it is avoiding
▼ + stars: | 2024-05-16 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —Netflix is rebuilding the cable bundle, sans one important ingredient: news. The company, having blown up the decades-old linear television business and ushered in the costly and destabilizing era of streaming, is inching closer and closer to resembling the entertainment behemoths of yesteryear. Netflix has shown little-to-no interest in investing in either live-news or pre-taped programming (a la, a show akin to “Vice News Tonight” or “60 Minutes”). Rebuilding the traditional cable package without news is akin to putting together a meal that includes steak, potatoes and ice cream, but not the broccoli. The vegetables might not be the tastiest, most popular item on the menu, but neglecting them would not be healthy.

Persons: Tom Brady, John Mulaney’s “, “, Bela Bajaria, ”, — Organizations: New York CNN, Netflix, NFL, WWE, Meta, Republicans, Journalists, Warner Bros, Discovery, CNN, Comcast, NBC, Disney, ABC News, Paramount, CBS, SPAN Locations: New York

☆ What you need to know about skin cancer and how to prevent it, according to a doctor
▼ + stars: | 2024-05-16 | by ( Katia Hetter | ) edition.cnn.com time to read: +8 min

CNN —Skin cancer is by far the most common form of cancer in the United States, according to the American Cancer Society. As we head into summer, what do we need to know about the chance of developing skin cancer? In addition, those who are at increased risk for skin cancer should ask a dermatologist if they should receive regular skin exams. These include personal or family history of skin cancer, history of precancerous lesions such as actinic keratoses, certain genetic disorders such as xeroderma pigmentosum and history of immunosuppression. And it’s not only people who are fair-skinned who can have skin cancer; individuals of all colors, including those with brown and Black skin, can develop skin cancer.

Persons: Leana Wen, Wen, Anastasiia Organizations: CNN, American Cancer Society, Northern, George Washington University, Getty, Preventive Services Task Force, immunosuppression Locations: United States

☆ Here are Wednesday's biggest analyst calls: Nvidia, Netflix, Dell, GM, SunPower, Alphabet, Nio, Tesla, Exxon & more
▼ + stars: | 2024-05-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Wednesday: UBS reiterates Nvidia as buy UBS said it's standing by its buy rating heading into Nvidia earnings next week. Wells Fargo names Natera a top pick Wells said the fertilizer company is a new top pick at the firm. Morgan Stanley resumes Exxon as overweight Morgan Stanley resumed coverage of the stock and says it has "attractive growth at a compelling valuation." Morgan Stanley reiterates Palo Alto as overweight Morgan Stanley said it's bullish on shares of Palo Alto heading into earnings next week. Morgan Stanley names Dell a top pick Morga Stanley raised its price target on the stock and says it remains a best idea.

Persons: it's, Cantor Fitzgerald, Tesla, Canto, Tesla's, Wells, CTVA, KeyBanc, TD Cowen, Janus Henderson, Morgan Stanley, Palo, Bernstein, Mills, Campbell, underperform Bernstein, Wolfe, SunPower, Dell, Morga Stanley, Stephens, Truist, Oppenheimer, Will, DA Davidson Organizations: UBS, Nvidia, " Bank of America, Bank of America, Alphabet's, Google, JPMorgan, China, Deutsche Bank downgrades, Deutsche, Fair, Six, Sciences, NTR, Netflix, Energy, Palo Alto, Palo, Food, Tech, Barclays, General Motors, Holdings, ALC, Apple, Apple's Worldwide Developer's Conference, Will Apple, Walmart, D.A Locations: OW, Palo Alto, U.S

☆ Royal Mail owner IDS set to agree $4.4 bln Kretinsky takeover bid
▼ + stars: | 2024-05-15 | by ( ) www.cnbc.com time to read: +2 min

IDS owns UK's Royal Mail, which is loss making, and international parcels network GLS. Royal Mail was privatised in 2013 in one of Britain's biggest state sell-offs in decades. It is expected the commitment to offer these contractual undertakings to the British government would be reflected in the cooperation agreement between the parties if a firm offer is made, it added. EP Group now has until May 29 to make a formal offer or walk away. EP is a 100% shareholder in VESA Equity investment which owns Kretinsky's IDS stake of nearly 28%.

Persons: Daniel Kretinsky, Keith Williams Organizations: International, Services, IDS, Royal Mail, UK's, Royal, National Security and Investment, Reuters, Equity Locations: Czech, London, Britain, British

☆ Menendez defense lawyer denies bribery scheme and says gold bars found at senator’s home belonged to his wife
▼ + stars: | 2024-05-15 | by ( Holmes Lybrand | Gregory Krieg | ) edition.cnn.com time to read: +7 min

Menendez is not running for reelection in next month’s Democratic primary but has said he would consider an independent bid should he be exonerated. “Evidence will show Nadine’s family had a lot of gold,” Weitzman said, asserting that she did not discuss money with the senator and kept financial problems she had from him. Weitzman also said the gold bars were found in Nadine’s locked closet, which the senator didn’t have access to. The potential jurors – an array of New Yorkers, including pastors, a standup comedian and amateur musicians – were pressed on whether they could be unbiased and fairly consider testimony from law enforcement officers or convicted criminals. One potential juror spoke about being a “news junkie” who couldn’t sit on the trial because “I’ve learned about the case significantly.

Persons: CNN — Sen, Bob Menendez’s, “, ” Menendez, Avi Weitzman, Nadine, Menendez, Wael Hana, Fred Daibes, Donald, Lara Pomerantz, “ Robert Menendez, ” Pomerantz, Nadine Menendez, Weitzman, ” “, ”, ” Weitzman, Menendez “, ” Nadine, didn’t, Hana, whittle, “ I’ve, Sidney Stein, they’ve, ” Stein, Bob Menendez, Stein, Robert F, Kennedy Jr, I’m Organizations: CNN, New, New Jersey Democrat, Jersey businessmen, Democratic, United, White House, Egypt’s Ministry of Foreign Affairs Locations: Manhattan, New Jersey, Egypt, Qatar, Jersey, Egyptian American, United States, Lebanon, Paris

Six Flags stock has ticked up nearly 7% in 2024. The analyst reiterated an overweight rating on the stock as well as a $1,200 per share price target, implying more than 31% upside from Tuesday's close. The analyst has a buy rating on Nvidia with a $1,150 per share price target, or about 26% upside ahead. He also raised his price target on U.S.-listed shares to $5.40 per share from $4.80, though the new forecast calls for a 6% decline over the next year. NIO YTD mountain NIO YTD Lai had downgraded Nio to underweight in February due to slowing sales momentum.

Persons: Chris Woronka, Woronka, Brian Evans, John Vinh doesn't, NVDA, Vinh, Timothy Arcuri, Arcuri, — Brian Evans, Goldman Sachs, Alphabet's, Eric Sheridan, Sheridan, Oppenheimer, Jason Helfstein, GOOG, Helfstein, Brent Thill, Jefferies, Nick Lai, YTD Lai, Fred Imbert, ~$ ( ~$) Organizations: CNBC, JPMorgan, Deutsche Bank downgrades, Flags Entertainment, Deutsche Bank, Fair, Nvidia, Blackwell, UBS, Google, Gemini

☆ Supreme Court allows second majority-Black district in Louisiana over liberal dissents
▼ + stars: | 2024-05-15 | by ( John Fritze | Fredreka Schouten | ) edition.cnn.com time to read: +8 min

The ruling will have an impact beyond the Louisiana district, which likely explains the vote count, said CNN Supreme Court analyst Steve Vladeck. The Supreme Court has never defined what constitutes a “last-minute” election decision that should bar courts from weighing into such disputes. In a brief dissent, Justice Ketanji Brown Jackson said it was premature for the Supreme Court to intervene in the case. Louisiana came to the Supreme Court caught between two lower court orders. Two years ago, the Supreme Court allowed that map to be used in the midterm even though a lower court said it was likely illegal.

Persons: Sen, Cleo Fields, “, ”, Liz Murrill, –, Steve Vladeck, Vladeck, Purcell, Justice Ketanji Brown Jackson, Purcell “, ” “, ” Jackson, Jackson, ” Vladeck, “ Today’s, Garret Graves, Jeff Landry’s, ” Michael McClanahan, ” Edward Greim, Paul Hurd Organizations: CNN, Democrats, Representatives, Democrat, Republican, US, CNN Supreme, Black, University of Texas School of Law, Louisiana Gov, Court, Supreme, White Republicans, White, NAACP Louisiana State Conference, “ Locations: Black, Louisiana, Shreveport, Baton Rouge, Rep, Bayou, Republican Louisiana

☆ Danaher's rally shows how sticking with a troubled stock of a good company can pay off
▼ + stars: | 2024-05-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Market talk : The S & P 500 and Nasdaq jumped to new intraday highs Wednesday, extending the gains from the prior session's late-day rally. In fact, the S & P 500 broke above 5,300 for the first time ever. The one thing we're staying guarded about in this rally is how overbought the stock market has become. You have to go back to last December to find a time when the S & P 500 Short Range Oscillator was this overbought. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Dow, Jan, Danaher, prudently, Cramer, we're, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Bank of America Healthcare, Disney, Cisco Systems, Walmart, Deere, Baidu, Jim Cramer's Charitable Locations: China

☆ What to Know About the Summit Between Putin and Xi in China
▼ + stars: | 2024-05-15 | by ( David Pierson | ) www.nytimes.com time to read: +1 min

When China’s top leader, Xi Jinping, hosts President Vladimir V. Putin of Russia this week, the two leaders are expected to present a united front. Mr. Putin is trying to escalate his war in Ukraine before Ukrainian forces can receive a replenishment of arms from the United States, and likely wants to know he can rely on China. Mr. Xi will seek to bolster his strategic partner and “old friend,” but is also under pressure to avoid further alienating the West over his support for Russia. Mr. Putin will most likely seek more help from Beijing, which has provided a lifeline to the Kremlin ever since Western sanctions were imposed on Russia for its invasion of Ukraine more than two years ago. China purchases huge quantities of Russian oil and provides technologies that help Moscow withstand its economic isolation and sustain its war machine.

Persons: Xi Jinping, Vladimir V, Putin, Mr, Xi, Putin’s Organizations: West, Russia, Kremlin Locations: Russia, Ukraine, Ukrainian, United States, China, Beijing, Harbin

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