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Social media company Reddit is looking to raise almost $750 million in an initial public offering of its common stock. The company said in a regulatory filing that the IPO will include 22 million shares of Class A common stock. Reddit is offering approximately 15.3 million shares, while the selling stockholders are offering about 6.7 million shares. The underwriters were also given the right to buy up to an additional 3.3 million shares to cover any overallotments. The agreement will also give Reddit access to Google AI models for improving its internal site search and other features.

Persons: Reddit, Steve Huffman Organizations: underwriters, Securities and Exchange Commission, Google, New York Stock Exchange Locations: San Francisco

☆ Jim Cramer: Why a successful Reddit IPO would be bad news for this bull market
▼ + stars: | 2024-03-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

There's nothing like a moribund IPO market to create a pleasant backdrop for a bull run. Hot on the heels of the Reddit deal is the expiration of the IPO lockup period for Arm Holdings on March 12. I thought it might occur after the successful Arm deal, but like so many nascent attempts to revive the IPO market there was nothing worth following up with until the Reddit deal. This brings me back to the IPO market. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: We've, It's, Reddit, Sam Altman, Conde Nast, Rene Haas, Steve Huffman, Reddit's, —, isn't, Morgan Stanley, Goldman Sachs, Uber, Jim Cramer's, Jim Cramer, Jim, Mateusz Slodkowski Organizations: Advance Magazine Publishers, Arm Holdings, Company, Nvidia, Employees, GameStop, Supply, Amazon, Walmart, Securities and Exchange Commission, Investors, Fidelity, ICE, Costco, Rite Aid, Tech, Microsoft, Meta, Federal Trade Commission, White House, Jim Cramer's Charitable, CNBC, Getty Locations: British, TheStreet.com, Reddit, POLAND

Reddit is seeking a valuation of up to $6.5 billion in its upcoming IPO, according to a person familiar with the matter. The Wall Street Journal was first to report on the expected range and valuation. Employees will be allowed to sell Reddit stock during the offering, the source added. Reddit had a private market valuation of $10 billion when it last raised a funding round of $1.3 billion in 2021, according to PitchBook. Reddit's IPO will represent the first major tech offering of the year and the first social media IPO since Pinterest's Wall Street debut in 2019.

Persons: Reddit, Sam Altman's, he'd, Altman, Condé Nast, Alexis Ohanian, Steve Huffman, Airbnb, OpenAI's, John Tuttle Organizations: New York Stock Exchange, Tencent, Advance Magazine Publishers, Securities and Exchange Commission, Google, Reddit Locations: Los Angeles , California, Reddit

☆ No, Sam Altman doesn't actually own half a billion dollars of Reddit stock
▼ + stars: | 2024-02-29 | by ( Madeline Berg | Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Reddit filed for an IPO, revealing nearly 10% of its shares are owned by entities related to Sam Altman. AdvertisementLast week, not long after Reddit made moves toward a public listing, headlines began to appear about an unexpected figure: Sam Altman. For example, Hydrazine Capital II is listed as owning nearly 9.9 million shares of Reddit. But Altman, at most, owns 5% of Hydrazine Capital II's holdings, or 492,720 of its Reddit shares. AdvertisementThe various entities point to a side of Altman — Altman the investor — that has receded from view since he has become known to the public as OpenAI's CEO.

Persons: Reddit, Sam Altman, Altman, —, tech's, Reddit's, that's, he's, Chris Harvey, Altman — Altman, ADVs, Peter Thiel, Cruise, Steve Huffman, Alexis Ohanian Organizations: Service, Business, Securities and Exchange Commission, Harvey, Apollo, Apollo Projects, SPV, SEC, Investors, University of Michigan, Helion Energy, Facebook, Google Locations: Altman

☆ Wait. Why is Reddit losing so much money?
▼ + stars: | 2024-02-27 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Last year, according to Reddit's newly filed IPO documents, the company generated $804 million in revenue and lost nearly $91 million. But it's still a lot of money to lose selling a free product. AdvertisementOne big, obvious answer: It has been hiring a lot of engineers and spending a lot of money on their salaries. (Note: There are some dumb stories floating out there about Reddit CEO Steve Huffman getting paid $193 million last year. The best argument I can make in their defense is that Reddit is still adding a lot of users and that more users equals more ad money.

Persons: —, it's, Condé Nast, that's, Steve, Greg Doherty, Steve Huffman, Elon Musk, Reddit, they're, Alex Heath Organizations: Service, Facebook, Business, Twitter, Google

☆ Reddit aims to ride the AI wave by going public
▼ + stars: | 2024-02-23 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

The platform's listing, expected next month, would be the largest IPO by a social media company since Pinterest in 2019. That means some are wondering why Reddit has waited until now to make its move, but AI might have something to do with it. Reddit also listed data licensing and AI training as part of its income streams. "We are going public to advance our mission and become a stronger company," he said in a founder's letter included in the prospectus. AdvertisementRepresentatives for Reddit did not immediately respond to a request for comment from BI, made outside normal working hours.

Persons: Reddit, Sam Altman, Steve Huffman, Huffman, Fortune, Katie Notopoulos Organizations: New York Stock Exchange, Facebook, Twitter, Business, Securities and Exchange Commission, Google, University, Virginia, GameStop, AMC Locations: Reddit

☆ Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway
▼ + stars: | 2024-02-23 | by ( Clare Duffy | John Towfighi | ) edition.cnn.com time to read: +6 min

The move would make Reddit the first major social media company to go public since Snapchat in 2017. In its 18 years as an online social hub, Reddit has seen enormous growth, occasional controversy and even market-shifting stunts. Reddit users often post anonymously in these forums, discussing everything from memes to major news events. Steve Huffman, CEO of Reddit attends Variety & Reddit An Evening With Future Makers at Wynn Las Vegas on January 05, 2023 in Las Vegas, Nevada. Still, the incident helped draw attention to the power of Reddit communities.

Persons: New York CNN — Reddit, Reddit, ”, Steve Huffman, ” Huffman, Condé Nast, Alexis Ohanian, Huffman, Sam Altman, Ohanian, TheFacebook, Greg Doherty, ” Reddit Organizations: New, New York CNN, San Francisco, New York Stock Exchange, Securities and Exchange Commission, Advance, University of Virginia, Facebook, YouTube, Twitter, Wynn Las, Variety, GameStop, Google Locations: New York, San, Wynn Las Vegas, Las Vegas , Nevada

☆ OpenAI CEO Sam Altman stands to net millions as Reddit goes public
▼ + stars: | 2024-02-22 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

OpenAI CEO Sam Altman will be in a position to make millions after Reddit goes public, thanks to a series of bets on the online discussion board company that go back to 2014. Altman will hold 9.2% of voting power after Reddit's initial public offering, according to information in the company's prospectus. In 2014 Altman led Reddit's $50 million Series B funding round, after using the service every day for nine years, he wrote in a blog post. In the first half of 2021, Reddit was raising a Series E round, and Altman invested $50 million. He went on to say that investors in the Series B round would give 10% of shares to Reddit users.

Persons: Sam Altman, Reddit, Altman, OpenAI, Reddit's, It's, Steve Huffman, that's, FirstMark's Organizations: Microsoft, New York Stock Exchange, Nasdaq, Silicon

☆ Reddit files to list IPO on NYSE under the ticker RDDT
▼ + stars: | 2024-02-22 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +6 min

Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up. The company plans to trade on the New York Stock Exchange under the ticker symbol "RDDT." The social networking company's core business is reliant on online advertising sales stemming from its website and mobile app. Reddit said the current addressable advertising market is $1.0 trillion, sans China and Russia. Reddit said that its non-employed moderators, known as Redditors, can participate in the company's IPO offering through its "directed share program."

Persons: Reddit, Pinterest, Alexis Ohanian, Steve Huffman, It's, DAUq, Condé Nast Organizations: Securities and Exchange Commission, New York Stock Exchange, P Global Market Intelligence, Google, eBay, . Publishing, Condé Locations: U.S, Reddit's U.S, China, Russia, Ukraine

☆ Sam Altman secretly owned way more Reddit stock than we thought
▼ + stars: | 2024-02-22 | by ( Grace Eliza Goodwin | Lauren Steussy | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWe learned a new detail about Sam Altman Thursday: just how much he supports Reddit. The filing revealed that Altman, the CEO of OpenAI, owns an 8.7% stake in the company. Reddit is the first social media company to submit an initial public offering since Pinterest in 2019, and it's the first major tech company to file for an IPO in 2024. The concept of working this closely with AI companies hasn't gone over great with some Reddit users, who have criticized the idea of profiting off users' data without their consent.

Persons: —, Sam Altman, Altman, Newhouse, Tencent, Reddit, Reddit doesn't, Steve Huffman, hasn't Organizations: Service, Securities and Exchange Commission, Business, Altman, Advance, Hollywood, Bloomberg, Google, OpenAI, SEC Locations: Reddit

☆ 'Desperate Housewives' star Felicity Huffman says her 'old life died' after the college admissions scandal
▼ + stars: | 2024-02-07 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

"Desperate Housewives" star Felicity Huffman says her "old life died" after the college admissions scandal. The 61-year-old actor spoke to The Guardian about how her life has changed since the scandal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"Desperate Housewives" star Felicity Huffman says her "old life died" after the 2019 college admissions scandal. Sort of like your old life died and you died with it," Huffman, 61, said.

Persons: Felicity Huffman, proctor, —, Huffman, It's, William Singer, Huffman hasn't, Taylor Mac's, Paige Organizations: Guardian, Service, ABC Locations: London

☆ Reddit may be targeting a $5 billion valuation for its upcoming IPO
▼ + stars: | 2024-01-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

The success of the IPO is contingent in part on the state of the IPO market, which has struggled in recent years. When Reddit first began preparing to go public in late 2021 — a record-breaking year for venture capital — some thought the company could be valued as high as $15 billion in an IPO. Investors are hoping that 2024 will be a more active year for the IPO market. This year's IPO market may also be helped by the Fed's promised rate cuts and a weak M&A market. The last time a social media company went public was in 2019.

Persons: Reddit, —, IPOs, Klaviyo, Steve Huffman, Alexis Ohanian, Aaron Swartz, Condé Nast, Ohanian, Huffman Organizations: Service, Bloomberg, Business, Investors, University of Virginia

☆ Reddit reportedly seeks to launch IPO in March
▼ + stars: | 2024-01-18 | by ( ) www.cnbc.com time to read: +3 min

Social media platform Reddit has drawn up detailed plans to launch its initial public offering (IPO) in March, moving forward with a listing it has been eyeing for more than three years, according to people familiar with the matter. The offering would also test the willingness of some Reddit users to back the company's stock market debut. Reddit, which filed confidentially for its IPO in December 2021, is planning to make its public filing in late February, launch its roadshow in early March, and complete the IPO by the end of March, two of the sources said. It will decide on what IPO valuation it will pursue closer to the time of the listing, according to the sources. The company held back from pulling the IPO trigger until it came closer to profitability.

Persons: Steve Huffman, Alexis Ohanian, Reddit, Huffman Organizations: Facebook, GameStop, AMC Entertainment Holdings Locations: San Francisco

☆ As Groundwater Dwindles, Powerful Players Block Change
▼ + stars: | 2023-11-24 | by ( Christopher Flavelle | Mira Rojanasakul | ) www.nytimes.com time to read: +19 min

They serve on the board of Groundwater Management District 3, which since 1996 has overseen the pumping of 16.2 trillion gallons of groundwater — enough to fill Lake Mead, the country’s largest reservoir, twice over. From Maryland to Hawaii groundwater levels are falling, often the result of overpumping and underregulation, made worse by climate change. Groundwater Levels at Goldstrike Mine Observation wells at Goldstrike show a pattern of immense groundwater withdrawals. “And money talks.”Kansas City Groundwater Management District 3 KANSAS Wichita KANSAS Groundwater Management District 3 Kansas City Groundwater Management District 3 KANSAS WichitaGrowing corn in the Kansas drylandsIn Kansas, the power of the men who run Groundwater Management District 3 is enormous. Groups like Groundwater Management District 3 have until 2026 to come up with plans to sustain groundwater.

Persons: Lake Mead, —, Catherine Hospital —, we’re, ”, Lindsay Vaughn, David Robert Elliott, Joe Newland, Nevada Adam Sullivan, Christina Erling, Erling, Adam Sullivan, Emily Najera, Kim Raff, Julie Pazina, ” Barrick, Michael McCarthy, Barrick, ” Mr, McCarthy, Michael H, Taylor, Patrick Donnelly, don’t, Helena Billings, it’s, Galt, Wylie Galt, Bill Galt, Dutton, Wylie, Errol Galt, Galt’s, Matthew Hamon, The New York Times Eugene Graf, Montana homebuilders, The New York Times Montana, Brad Dundas, Dundas, Mr, John Tubbs, Tubbs, The New York Times Errol Galt, Eugene Graf, Graf, Guy Alsentzer, “, Lucas Bessire, Vaughn, Newland, Mark Rude, Kan, The New York Times Mark Rude, Ms, Lall, Ali Zaidi, Biden, Jared Huffman, Huffman Organizations: Groundwater Management, Walmart, State, The New York Times, Kansas Farm Bureau, New York Times, NEVADA Carson City Las, Barrick, Carson City Las, NEVADA Carson City, North, Barrick Gold Corporation, Nevada Gold Mines, Nevada, of Water, University of Nevada, Center for Biological Diversity, Republican, Representatives, The Times, Galt, state’s Department of Natural Resources, The New York, Montana Fish, Montana Building Industry Association, KANSAS, KANSAS Wichita KANSAS Groundwater Management, KANSAS Wichita, Kansas drylands, Management, Kansas City Topeka, Kansas City, Topeka Wichita, Survey, University of Oklahoma, Groundwater, Kansas, Columbia Water Center, Columbia University, Natural Resources Defense Council, Marin Municipal Water District, Fisheries Locations: United States, Garden City, Kan, America, Lake, Kansas, Maryland, Hawaii, Barrick, NEVADA Carson, Carson, Nevada, Canada, Goldstrike, North America, Barrick’s, ” MONTANA, Helena, Bozeman MONTANA, Helena Billings Bozeman, Montana, Galt, ”, Broadwater County, Elk, Confederate, Sulphur Springs, Mont, Upper Missouri, Townsend, ” Kansas, Groundwater Management District, KANSAS Wichita KANSAS, KANSAS Wichita KANSAS Groundwater Management District, KANSAS, Kansas drylands In Kansas, District, Wichita, Kansas City Topeka, Management District, Topeka, Kansas City, Arkansas, Washington, California, Marin

COLUMBUS, Ohio (AP) — Ohio’s new constitutional projections for abortion access and other reproductive rights are supposed to take effect Dec. 7, a month after voters resoundingly passed them. It was the seventh straight victory in statewide votes for supporters of abortion access nationally since the U.S. Supreme Court overturned constitutional protections. At least three other Ohio abortion laws also have been on hold in the courts. “The (Ohio) Constitution specifically says reigning in out-of-control courts is the legislators' job," the anti-abortion group Faith2Action argues in a recently released video. “That means that many Ohio laws would probably be invalidated ... and others might be at risk to varying degrees,” he wrote.

Persons: —, resoundingly, ”, Laura Hermer, We’re, Beth Liston, Allison Russo, Sharon Kennedy, Michael Barrett, Faith2Action, Roe, Wade, Brett Kavanaugh, Donald Trump, Kavanaugh, Jason Stephens, Matt Huffman, Dave Yost, Yost, “, Hermer Organizations: Supreme, Republican, Mitchell Hamline School of Law, Republicans, Ohio, Ohio House, ”, District, GOP, U.S, Constitution, Republican Ohio Locations: COLUMBUS , Ohio, U.S, Ohio, St, Paul , Minnesota, U.S ., Roe

COLUMBUS, Ohio (AP) — The statewide battles over abortion rights since the U.S. Supreme Court overturned a constitutional right to abortion have exposed another fault line: the commitment to democracy. "We spoke.”Gross told Jackson she wasn't ignoring voters but rather was reflecting opponents' concerns that Ohio voters were led astray. Anti-abortion lawmakers and advocates already have pushed back in a handful of states where voters sided generally with abortion rights. Republican state legislative leaders initially pledged that the fight to restrict abortion rights wasn't over after voters had spoken. Florida’s Republican attorney general is attempting to keep a proposed abortion rights amendment off the 2024 ballot.

Persons: We.Are.Not.Done, Jennifer Gross, Gross, Dobbs, Roe, Wade, Douglas Keith, Brennan, “, ” Keith, Emily Jackson, Jackson, ” Gross, ”, Rick Santorum, Brandon Prichard, Ohio, Sophia Jordán Wallace, Myrna Perez, Andrew Whitehead, God, ” Whitehead, Mike DeWine, Dave Yost, Jason Stephens, Matt Huffman, Stephens, Huffman, State Jay Ashcroft, Kara Gross Organizations: Supreme, Justice’s, AP VoteCast, Associated Press, NORC, for Public Affairs Research, Republican, Rep, University of Washington, Ohio University, Indiana University – Purdue University Indianapolis, Kentucky Republicans, “, Ohio, State, AP Locations: COLUMBUS , Ohio, U.S, ” Ohio, Ohio, Montana and Utah, Alaska and Kansas, Pennsylvania, North Dakota, Montana, ”, In Missouri, Michigan, Florida

☆ Confessions of a startup founder's wife
▼ + stars: | 2023-11-15 | by ( Melia Russell | ) www.businessinsider.com time to read: +20 min

I wished I had told Kyle that I would understand if he wanted to quit. That's as apt a description of Kyle's startup as it is of our relationship. I'm not sure Kyle has found as many perks to being a startup founder married to a startup reporter. Now Kyle's startup has pivoted a third time. The truth is, I don't know if Kyle's startup will make it.

Persons: Kyle, Kyle shrugged, pang, I'd, hadn't, Scott Belsky, It's, messier, I've, he'd, Jillian, Chris Dixon, Andreessen Horowitz, Jeff Bezos, MacKenzie Scott, Schulze, TikTok, Josh Cochran, Marc Andreessen, I'm, He'd, Eric Paley, Steve Jobs, —, Playbyte, he's, Rohan Seth, Paul Davison, Steve Huffman, hasn't, Instagram, it's, Zelda, That's, cradling, Melia Russell Organizations: Apple Watch, Steam, Francisco's Mission, University of California, TechCrunch, White House, YouTube, Labor Locations: Champagne, Francisco's, Berkeley, San Francisco, New York, America, Playbyte, Kyle, Boston, Bay, sobs

☆ Reddit co-founder Alexis Ohanian: If you want more success than most people, trick your brain into the 'surfer mindset'
▼ + stars: | 2023-10-28 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

The most successful people in life can recognize a window of opportunity, and know when and how to seize it. It's not unlike surfing, according to Reddit co-founder Alexis Ohanian. A "surfer's mindset" can help you succeed in both life and business, Ohanian told students in a keynote address at his alma mater, the University of Virginia, last week. Afterward, you might "paddle back out ... and wait five hours for another good wave," he continued. "That mindset is the right mindset for a life well-lived," he said.

Persons: Reddit, Alexis Ohanian, Ohanian, You've, Patrón —, you've, Bill Gates, Steve Jobs, Steve Huffman, Huffman, Y Combinator Organizations: University of Virginia, CNBC, Global

It’s being promoted on the official government website of the Republican-controlled Ohio Senate. Republican Senate President Matt Huffman shied away from labeling “On the Record” a news service when questioned by reporters shortly after its launch. As of Friday, the blog was the only link available under the “News” tab for the Ohio Senate. In comparison, the website for the Republican-led Ohio House features press releases on its signature bills, and awards and activities related to both Republican and Democratic lawmakers. The blog they spearhead is maintained by Legislative Information Services, an IT office for both of Ohio's legislative chambers with a $13 million annual budget.

Persons: It’s, “, ”, that’s, Laura Manley, “ I’ve, Sen, Bill DeMora, Matt Huffman shied, John Fortney, it’s, Garth Kant, Britt Bischoff, Fortney, ” Mary Ruth Ziegler, Ziegler, ” ___ Fernando, Samantha Hendrickson Organizations: Republican, Ohio Senate, Ohio, Shorenstein Center, Media, Harvard Kennedy School, ”, The Associated Press, Supreme, Democratic, GOP, Ohio House, Buckeye Institute, Legislative Information Services, Red Wine, Google, Republicans, University of California, Davis School of Law, Associated Press, AP Locations: COLUMBUS , Ohio, Ohio, U.S, “, Chicago, Columbus

In some states, higher-income families can now use taxpayer money to cover private school tuition -- and more people than projected are taking the offer, which might force scrambles to shore up state budgets. It's especially an issue in states like Arizona and Iowa, where at least some families whose children were already in private school can now take advantage of public funding. Her state has a new education savings account program — which is paying for students from families of any income to switch from public to private school and for many already in private school to remain there. Opponents of the programs are bracing for lawmakers to attempt to make up for the higher costs by further cutting public school funding, even though lawmakers have not publicly threatened to do so. The plans are in doubt because of opposition from Democrats and some Republicans who live in rural areas where private schools are scarce and public schools are some of the most important institutions.

Persons: ”, Josh Cowen, it's, Ryan Cantrell, ” Aaron Galaz, “, Heather Stessman, Stessman, Beth Lewis, Katie Hobbs, Hobbs, Ben Toma, ” Toma, Greg Abbott, Matt Huffman, Hannah Fingerhut, Samantha Hendrickson, Isabella Volmert, Paul Weber Organizations: Michigan State University, American Federation for Children, Catholic, Our Schools, Arizona Gov, Republican, Republican Gov, Columbus Dispatch, Ohio, Associated Press, America Statehouse News Initiative, America Locations: Arizona, Iowa, — Arizona, Florida , Iowa, Ohio, Indiana, Arkansas, West, Phoenix, Waterloo , Iowa, Our Schools Arizona, Texas, Des Moines , Iowa, Columbus , Ohio, Indianapolis, Austin , Texas

To win, he'll need support from nearly every House Republicans, having few votes to spare in a chamber they only narrowly control. “One person says disruption," Jordan told The Associated Press in 2017. That helped him land a coaching job at Ohio State University before his election to the Ohio legislature in the mid 1990s. I never saw, never, heard of, never was told about any kind of abuse,” Jordan told Fox News in 2018, suggesting that the allegations against him were politically motivated. Jordan repeatedly cast doubt on the outcome of the contest while organizing the House Republican response.

Persons: Jim Jordan, John Boehner, he'd, Boehner, Jordan, Donald Trump, Kevin McCarthy, Jordan speakership, Liz Cheney, ” Cheney, ” Jordan, “, Bob Taft, —, Richard Strauss, Strauss, ” Adam DiSabato, DiSabato, “ Jim Jordan, “ He’s, Polly, I’m, ’ ”, Matt Huffman, Joe Biden, Biden, corruptly, Trump, Scott Perry, Bryan Cutler, Mike Pence, Cassidy Hutchinson, Mark Meadows, ” Trump, Hutchinson Organizations: WASHINGTON, —, Republican Party, Republican, Republicans, Capitol, Ohio State University, Associated Press, University of Wisconsin, GOP, Republican Gov, Caucus, Ohio State, Fox News, Congress, Trump, White, Committee, House Intelligence, ” Locations: “, Dayton, Ohio, Columbus, Congress, Washington, Russia, House, Pennsylvania

WASHINGTON (AP) — Efforts by the Biden administration to limit pollution from automobile tailpipes — a major source of planet-warming emissions — face a crucial test as legal challenges brought by Republican-led states head to a federal appeals court. The U.S. Court of Appeals for the District of Columbia Circuit will hear arguments Thursday and Friday on three cases challenging Biden administration rules targeting cars and trucks. The cases before the appeals court will test a 2021 Environmental Protection Agency rule that strengthened tailpipe pollution limits and a 2022 EPA decision that restored California’s authority to set its own tailpipe pollution standards for cars and SUVs. The court cases come as the Biden administration pushes the auto industry to quickly adopt electric vehicles as part of its climate agenda. “Far from doing something unexpected or novel'' in the tailpipe pollution rule, "EPA merely tightened existing standards,'' Kim wrote.

Persons: Biden, Ken Paxton, Joe, ”, Paxton, Dave Yost, Peter Zalzal, ″, Pete Huffman, Todd Kim, “, Kim, Zalzal Organizations: WASHINGTON, Republican, U.S, Appeals, District of Columbia, Biden, Transportation, Supreme, Environmental, Agency, EPA, National Highway Transportation Safety Administration, Texas, GOP, Texas Senate, Environmental Defense Fund, Natural Resources Defense Council, NHTSA, Justice Department's, Natural Resources, General Motors, Ford, GM, Alliance, Automotive Innovation, EV, Auto Innovators, Department, EDF Locations: U.S, California, Russia, Ukraine, Texas, Ohio, West Virginia

☆ Is Travel Insurance Worth It?
▼ + stars: | 2023-09-05 | by ( Kat Tretina | ) www.wsj.com time to read: +12 min

Trip cancellation and interruption coverage is the most common form of travel insurance, making up nearly 90% of travel protection plans sold. Travel medical: When you travel to another country, typical health insurance plans — including Medicare — don’t cover you. Like all forms of insurance, travel insurance policies don’t cover every event that can impact your vacation. “When you travel using airline miles and hotel points, most credit card travel insurance policies won’t cover the trips,” says Huffman. “If you do not get travel insurance, you are rolling the dice,” says Hines, who adds she always recommends travel insurance to her clients.

Persons: Kat, we’ve, it’s, ”, Tiffany Hines, Mark Friedlander, ” What’s, Friedlander, Lee Huffman, Huffman, Kevin Payne, Payne, Hines, “ We’ve, won’t Organizations: Global, Travel, Insurance Information Institute, Disease Control, Prevention, World Health Organization, Spirit Airlines, Delta, Allianz Travel Locations: Athens , Georgia, Europe, U.S

[1/2] William McGlashan Jr., a former Executive at TPG private equity firm facing charges in a nationwide college admissions cheating scheme, leaves the federal courthouse in Boston, Massachusetts, U.S., March 29, 2019. REUTERS/Brian SnyderCompanies TPG Capital Management LP FollowBOSTON, Aug 14 (Reuters) - A U.S. appeals court on Monday upheld the conviction of a former senior executive at the private equity firm TPG Capital for participating in a vast U.S. college admissions fraud scheme by paying $50,000 to rig his son's college entrance exam results. Carter Phillips, McGlashan's lawyer, said his "deeply disappointed" client was evaluating next steps, adding it was clear that ACT test scores were not "property," a necessary element of the fraud statute. More than 50 people pleaded guilty, including the actors Lori Loughlin and Felicity Huffman, who were among Singer's clients. Reporting by Jonathan Stempel in New York and Nate Raymond in Boston Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: William McGlashan Jr, Brian Snyder, William McGlashan's, McGlashan, Jeffrey Howard, William, Rick, Singer, Carter Phillips, McGlashan's, Lori Loughlin, Felicity Huffman, John Wilson, Gamal Aziz, Wilson, Jonathan Stempel, Nate Raymond, Matthew Lewis Organizations: TPG, REUTERS, Brian Snyder Companies TPG Capital Management, BOSTON, TPG Capital, U.S, Circuit, ACT, Yale, University of Southern, University of Southern California . Singer, Varsity, Thomson Locations: Boston , Massachusetts, U.S, Boston, Georgetown, University of Southern California, California, New York

☆ Ohio Dems. chair mocks Republican who complained they didn't have enough time to push their effort to stymie abortion rights: 'You picked the date dude'
▼ + stars: | 2023-08-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Ohio Democrats Chairwoman Elizabeth Walters mocked a Republican who complained about Issue 1. Ohio Senate President Matt Huffman had complained proponents didn't have enough time to campaign. But it was Ohio Republicans who pushed for the amendment to stymie abortion rights to be on the August ballot. "Like, saying the obvious thing out loud, you picked the date dude," Walters said during a call with reporters. Ohio Republicans hastily set the special election after previously moving to outlaw most August elections, citing low turnout.

Persons: Elizabeth Walters, Matt Huffman, Walters, Matt Huffman's, Frank LaRose, Huffman, Brian Stewart, Huffman's, John Kasich, Bob Taft Organizations: Ohio, Ohio Republicans, Service, Policy Ohio Democratic, Republican, GOP, Ohio Capital Journal . Ohio Republicans, Capital, Republicans Locations: Wall, Silicon

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