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☆ Two market experts debate the push and pull between stocks and the economy
▼ + stars: | 2024-03-04 | 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 EmailTwo market experts debate the push and pull between stocks and the economyJames Cakmak, Partner at Clockwise Capital, and William Lee, Chief Economist at the Milken Institute, discuss the staying power of the markets' rally.

Persons: James Cakmak, William Lee Organizations: Milken Institute

☆ Inside the rocky marriage of hedge funds and top AI talent
▼ + stars: | 2024-02-27 | by ( Bianca Chan | ) www.businessinsider.com time to read: +11 min

AI researchers have struggled with hedge funds' culture around proprietary secrets, which goes against the open-source philosophy foundational to AI and academia. Some recruiters, including Michael Stover, are seeing double- and triple-digit growth in AI hiring among hedge funds and prop-trading firms. For heads of AI, he said, hedge funds are dishing out a minimum of $1.5 million in total comp. But perhaps the top reason hedge funds are interested in the technology is that AI capabilities are bait in the war for investing talent. It's one of the few large US hedge funds without an executive or centralized team dedicated to AI or machine learning.

Persons: Ken Griffin's Citadel, Li Deng, Deng, Ken, Ken Griffin, Michael Stover, Stover, ExodusPoint, Balyasny, Agni Ghosh, Stott, isn't, Sumeet Chabria, Conor Twomey, Tim Mace, Mace, May's Ghosh, it's, They're, Peter Finter, Finter, That's, Ghosh, you've Organizations: Microsoft, Business, Citadel, Milken Institute, Reuters, Millennium Management, Bloomberg, Balyasny Asset Management, Man, Bank of America, Wall, Wall Street, Tech, Google Locations: Chicago, Seattle, Beverly Hills , California, London, San Francisco, Silicon Valley, Wall

☆ Giving Big, a California Couple Gets Gratitude and Scrutiny
▼ + stars: | 2024-02-26 | by ( Robin Pogrebin | ) www.nytimes.com time to read: +1 min

Standing on the grand staircase of Lynda and Stewart Resnick's opulent Beverly Hills mansion at a party last fall — where Diane Keaton, Bob Iger and Brian Grazer were among the luminaries making small talk over crudités and Sazerac cocktails — the author Walter Isaacson took a moment to thank his hosts. Not only were the Resnicks giving the party to celebrate his new biography of Elon Musk, they had also been major supporters of his former professional home, the Aspen Institute, donating $36 million to the think tank over the years. Isaacson was not the only one in the room with reason to be grateful to them. Overall, the Resnicks — whose Wonderful Company business empire includes Pom Wonderful pomegranate juice, Wonderful Pistachios, Fiji Water, Halos mandarins and Teleflora, the flower-delivery service — have donated $1.9 billion of their estimated $13 billion fortune to academic institutions, climate change initiatives, cultural organizations and programs in California’s Central Valley. Their gifts have landed them on the Chronicle of Philanthropy’s annual list of the 50 biggest donors three times.

Persons: Stewart, Diane Keaton, Bob Iger, Brian Grazer, Walter Isaacson, Elon Musk, Isaacson, Picasso, Fragonard, Boucher, Michael Govan, Ann Philbin, Michael Milken Organizations: Aspen Institute, Angeles County Museum of Art, Milken Institute, Wonderful Company Locations: Beverly, Fiji, Central Valley

☆ Woman drops lawsuit against Leon Black alleging rape at Jeffrey Epstein mansion
▼ + stars: | 2024-02-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

FILE: Leon Black, chairman and chief executive officer of Apollo Global Management LLC, at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 1, 2018. A woman who had accused Apollo Global Management co-founder Leon Black of raping her at the New York mansion of the late sex predator Jeffrey Epstein has agreed to drop her civil lawsuit against Black. Black, in a statement provided to CNBC on Monday, said, "I have never met Ms. Pierson. Black left Apollo in March 2021, months earlier than he previously had said he would. The Wigdor law firm is continuing to pursue a separate lawsuit against Black that its attorneys filed in July, alleging that he raped a then-16-year-old girl with autism at Epstein's Manhattan home in 2002.

Persons: Leon Black, Jeffrey Epstein, Cheri Pierson, Pierson, Black, Danya Perry, Wigdor, Epstein, Wigdor . Black, Jane Doe Organizations: Apollo Global Management, Milken Institute Global Conference, Black, Manhattan Supreme, Epstein's, CNBC, Wigdor LLP, U.S . Virgin, Wigdor, Manhattan Locations: Beverly Hills , California, U.S, York, Florida, Manhattan, Wigdor .

Fran Horowitz, Abercrombie & Fitch CEO: The future of retail is small, efficient, omni stores, and they're located where the customer tells us. I get really, really excited about what this means in the operations of the business, using predictive analytics to help us forecast demand. They're worldwide, a zillion stores, and their operations and execution, aside from their merchandising, I think they're always on top of the game. I think you're going to see an interaction with someone in a setting that doesn't look like retail, but looks like a fantastic experience. Nicholas of Sam's Club: Another retail standard that is really going to be important beyond the customer is energy.

Persons: Christina Locopo, Fran Horowitz, Abercrombie, Patrick MacLeod, WWD, Michelle Gass, Levi Strauss, they're, Jens Grede, Geoffroy van Raemdonck, Neiman Marcus, there'll, Trina, Patrick T, Fallon, Chris Nicholas, Kara Trent, Levi's Gass, Tom Ward, Erin Black, CNBC Abercrombie's Horowitz, Marc Lore, Mickey Drexler, TikTok, Adam Jeffery, Dave Kimbell, It's, Scott Mlyn, CNBC Neiman's van, you've, Yael Cosset, —, Ulta's, Arturo Holmes, Trent, That's, we've, Kroger's, Abercrombie's Horowitz, I've, Dia Dipasupil, Neiman's van, who's, Lulu, Drexler, Armour's, Dior, Louis Vuitton, Hermes, Armour Levi's Gass, Emma Grede, Kardashian, Kim, Geoffroy van Raemdonck Patrick Mckleod, Nicholas of Organizations: CNBC, Abercrombie, Fitch, Abercrombie & Fitch Co, Penske Media, Getty, Milken Institute Global Conference, AFP, Sam's, Technology, Walmart U.S, Walmart, New York Times, Navy, WWD, Young, Nike, TJX, Zara, Armour's Trent, Americas, Nicholas of Sam's, Sam's Club Locations: they're, Beverly Hills , California, New York City, America, New York, U.S, Skims, Inditex, Kara, Walmart's

☆ 11 US cities with the best mix of jobs, pay, and affordability
▼ + stars: | 2024-02-07 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Raleigh and Boise also placed high for large cities, while Idaho Falls ranked first for small cities. Per the rankings, only 11 large cities and seven small cities were classified as Tier 1, placing high among many metrics. Big cities also saw their tech sectors grow much faster than small cities. Philadelphia jumped 130 places between 2023 and 2024 in the large cities list, while Manhattan, Kansas, rose 160 places for small cities. AdvertisementFour of the top seven small cities were in Idaho, exemplified by Coeur d'Alene, Twin Falls, and Pocatello.

Persons: Austin, —, Milken, hasn't, Richmond , Virginia —, Paso Robles, El Centro Organizations: Milken Institute, Raleigh, Idaho Falls, Service, Boise, Bureau of Labor Statistics, Idaho National Laboratory, Obispo Locations: Boise, Austin, Raleigh, Los Angeles, Long, Glendale and New York, Jersey, White, Sunbelt, Provo, Orem, Utah, Salt Lake City, Elgin , Illinois, Houston, , Texas, Richmond , Virginia, Charleston, North Charleston, South Carolina, Philadelphia, Manhattan , Kansas, Wichita, Lawrence, Kansas, Idaho, Coeur d'Alene, Twin Falls, Pocatello . Idaho, California, San Luis, Arroyo Grande, Modesto, El

☆ Byron Allen, offering $14 billion for Paramount, has a long history of media bids that haven't materialized
▼ + stars: | 2024-01-31 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +4 min

Byron Allen, founder, chairman and CEO of the Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Byron Allen, the media mogul offering $14 billion for Paramount Global , told CNBC on Wednesday that he has the money to finance a deal, despite skepticism around his deal-making. Allen told CNBC he hasn't received a response from Paramount to his most recent offer. Paramount reported in its third-quarter earnings report that its streaming platform, Paramount+, increased its subscriber count to 63 million. Allen told CNBC he wants to buy Paramount for its linear networks, what he says is the most challenging part of the company.

Persons: Byron Allen, Allen, hasn't, Shari Redstone, David Ellison's, Tegna Allen, of Famer Babe Ruth, Babe Ruth, Ruth, Paramount's, — CNBC's Alex Sherman, Julia Boorstin Organizations: Allen Media Group, Milken Institute Global Conference, Paramount Global, CNBC, Federal Communications Commission, Street, Paramount, CBS, Showtime, Nickelodeon, Media, Paramount Pictures, Warner Bros, Black Entertainment Television, VH1, Bloomberg, Scripps, ABC, Disney, National Football League's, The Weather, of Famer, Netflix, CNBC PRO Locations: Beverly Hills , California, U.S, E.W

☆ What makes lead poisoning so dangerous? A doctor explains
▼ + stars: | 2023-12-05 | by ( Deblina Chakraborty | ) edition.cnn.com time to read: +8 min

CNN: Why are high lead levels so dangerous, and why is it that children are most at risk for lead poisoning? This screening is essential, given the adverse outcomes of lead poisoning and because high lead levels are often asymptomatic. There are some therapies that exist for acute lead poisoning if a child has ingested a large quantity of lead-containing substances. A major source of lead exposure is through lead paint. Lead poisoning is a preventable tragedy, and we can all take steps to reduce its harm.

Persons: Biden, Leana Wen, Wen, laxatives Organizations: CNN, US Environmental Protection Agency, George Washington University Milken Institute School of Public Health, US Centers for Disease Control, CDC, US Food and Drug Administration Locations: United States

☆ Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
▼ + stars: | 2023-12-05 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. Wells Fargo CEO Charlie Scharf said Tuesday that low staff turnover means the company will likely book a large severance expense in the fourth quarter. That expense is an accrual for worker layoffs that Wells Fargo expects to make next year, according to a bank spokeswoman. Wells Fargo needs to get "more aggressive" managing headcount because employee attrition has slowed this year, Scharf added. Wells Fargo shares fell more than 1% on Tuesday.

Persons: Charlie Scharf, Wells, Scharf, Goldman Sachs, Wells Fargo, Morgan Stanley, James Gorman, Read Organizations: Milken Institute Global Conference, Street, U.S, Workers, Wells Locations: Wells Fargo, Beverly Hills , California, New York, U.S

☆ Wells Fargo CEO expects severance expenses to exceed $750 million
▼ + stars: | 2023-12-05 | by ( Nupur Anand | Thomson Reuters | Nupur Anand Is A U.S. Banking Correspondent At Reuters In New York. She Focuses On Jpmorgan Chase | ) www.reuters.com time to read: +2 min

Charlie Scharf, CEO, Wells Fargo, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNEW YORK, Dec 5 (Reuters) - Wells Fargo (WFC.N) CEO Charlie Scharf told investors on Tuesday he expects to book higher-than-anticipated severance expenses between $750 million to a little less than $1 billion in the fourth quarter. The bank has reduced its workforce since the third quarter of 2020 and it stood at 227,363 at the end of third quarter of this year. Wells Fargo set aside $359 million for potential credit losses on office real estate in the third quarter, bringing total allowances to $2.6 billion for the first nine months of 2023. Wells Fargo has reduced its origination in auto loans and has also been reducing the size of its mortgage servicing portfolio.

Persons: Charlie Scharf, Wells, Mike Blake, Scharf, Goldman Sachs, " Scharf, Wells Fargo, Nupur Anand, Lananh Nguyen, Chizu Organizations: Milken, Global Conference, REUTERS, San, . Financial Services Conference, U.S, Thomson Locations: Wells Fargo, Beverly Hills , California, U.S, San Francisco, Wells

☆ Op-ed: Europe is leaving a void in a multipolar world
▼ + stars: | 2023-11-30 | by ( Kevin Klowden | Chief Global Strategist At The Milken Institute | ) www.cnbc.com time to read: +5 min

The Russian invasion of Ukraine only three months later served to provide an immediate driver for greater political unity within Europe. China, Russia and even the United States under Donald Trump have expressed dissatisfaction with institutions such as the World Trade Organization, the G7 and the United Nations. watch nowThe void is particularly apparent at the WTO, where the lack of European leadership on trade as the U.S. turned inward is particularly felt. Perhaps nothing shows the consequences of the lack of European strength in preserving these institutions than the Russian invasion of Ukraine. However, the combination of a split over Ukraine, and internal divisions within Europe, have prevented any way for Europe to play a key role with China.

Persons: Emmanuel Macron, Ursula von der Leyenââ, Pedro Sanchez Perez, Klaus Iohannis, Chancellor, Germany, Olaf Scholz, Charles Michel, Dursun, Angela Merkel, Donald Trump, Vladimir Putin, Merkel, Ursula von der Leyen, Xi Jinping Organizations: European Commission, European, European Union, Anadolu Agency, Getty, World Trade Organization, United Nations, WTO, EU, NATO, APEC Locations: Spain, Romania, Brussels, Belgium, United States, China, Europe, Russia, Ukraine, Israel, U.S, Germany, Moscow, India, Southeast Asia, EU, East, Africa

☆ GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes
▼ + stars: | 2023-11-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

General Motors is seeking to regain Wall Street's confidence leading into 2024 with several investor-focused initiatives Wednesday following a tumultuous year of labor strikes and setbacks in its plans for electric and autonomous vehicles. GM's reinstated 2023 guidance also includes:Net income attributable to stockholders of $9.1 billion to $9.7 billion, compared to a previous outlook of $9.3 billion to $10.7 billion. Adjusted EBIT of $11.7 billion to $12.7 billion, compared to the previous outlook of $12.0 billion to $14.0 billion. Adjusted earnings per share of roughly $7.20 to $7.70 including the stock buyback, compared to the previous outlook of $7.15 to $8.15. Before the UAW strikes, CFO Paul Jacobson said the company was on track to achieve "toward the upper half" of its earnings forecast.

Persons: Mary Barra, General Motors, GM's, Paul Jacobson Organizations: General Motors Company, Milken Institute Global Conference, General, Detroit, United Auto Workers, GM, UAW Locations: Beverly Hills , California

☆ How concerning is the spike in respiratory illnesses in China? A doctor explains
▼ + stars: | 2023-11-28 | by ( Deblina Chakraborty | ) edition.cnn.com time to read: +7 min

CNN —Hospitals in northern China and Beijing have reported a surge in the number of children with respiratory illnesses, including pneumonia. Why might there be a surge in respiratory illnesses? CNN: How concerning is the spike in respiratory illnesses being reported in China? Dr. Leana Wen: Thus far, based on what we know from WHO, I don’t think the spike in respiratory illnesses should cause global concern. It’s very possible that other areas, especially those with previously strict virus mitigation measures, will see a rise in respiratory illnesses this winter.

Persons: Leana Wen, Wen, It’s, ”, it’s Organizations: CNN, World Health Organization, George Washington University Milken Institute School of Public Health, WHO, People's, Wen, US Centers for Disease Control Locations: China, Beijing, Fuyang, Covid, United States

☆ Apple is trying to unwind its Goldman Sachs credit card partnership
▼ + stars: | 2023-11-28 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

It would also mean that Apple would need to find a new financial partner for its popular credit card, Apple Card, and its high-yield savings accounts under the Apple brand. While Apple offers both its credit card and savings account through the wallet app on iPhones, the banking backend is handled by Goldman Sachs. When Apple first launched the Apple Card in 2019, Goldman Sachs CEO David Solomon was in attendance at a glitzy Apple launch event at its California campus. But the partnership has been rocky in recent years as Goldman Sachs, under CEO David Solomon, has retreated from its previous consumer banking ambitions as costs stacked up. Earlier this year, Goldman Sachs said that it would "consider strategic alternatives" for its consumer banking business.

Persons: David Solomon, Goldman Sachs, The Beverly Hilton, CNBC's Leslie Picker, Goldman, It's, Apple, Steve Kovach Organizations: Milken Institute Global, The Beverly, The Beverly Hilton Hotel, Apple, CNBC, Wall Street Locations: Beverly Hills , California, California

☆ Gaza’s economy is in ruins as Israel-Hamas war sets development back decades
▼ + stars: | 2023-11-24 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +5 min

Mahmud Hams | Afp | Getty ImagesWar-battered Gaza's already fragile economy lies in ruins, much like its buildings, following more than a month of bombings by Israel after Hamas militants attacked the country in October. "Gaza's economy is 100% dependent on two sources of revenue: foreign aid and access to Israel's labor market. According to the United Nations, during the 1970s and 1980s, the Palestinian economy saw relatively strong capital inflows, largely due to remittances from Palestinian workers in Israel and the Gulf countries. Things changed after Hamas gained power in Gaza in 2006 when Israel relinquished its control of the enclave. The U.N. classifies Israel as an occupier state over the Palestinian territories of the West Bank and Gaza.

Persons: Khan Younis, Mahmud Hams, Gazans, Marko Papic, Kevin Klowden Milken, Kevin Klowden, Israel, Raja Khalidi, Klowden, Khalidi Organizations: Afp, Getty, United Nations, Food, Clocktower, CNBC, West Bank, Economic Policy Research, International Labor Organization, United Nations Development, Milken Institute, Palestine Economic Policy Research Institute, Hamas, Palestinian Authority Locations: Gaza, Mahmud, Israel, Ramallah, West, Santa Monica , California, Egypt, Palestine, Saudi, Palestinian

☆ How to share a meal without sharing germs? A doctor explains
▼ + stars: | 2023-11-22 | by ( Deblina Chakraborty | ) edition.cnn.com time to read: +7 min

The first is respiratory illnesses, like the flu, RSV and the common cold. Or they touch their nose, then touch a surface, and then you touch that surface and then your nose or mouth. A subcategory under foodborne infections are infections that result from ingesting the food itself — for example, if it’s undercooked or spoiled. CNN: Finally, what symptoms should people watch out for — how do they know when they need to seek medical care? Wen: Symptoms of respiratory illnesses include fever, cough, sneezing and body aches.

Persons: Leana Wen, Wen, it’s, buffets Organizations: CNN, George Washington University Milken Institute School of Public Health, US Centers for Disease Control

COVID-19 vaccine uptake this fall is perhaps not what many had hoped it would be. The rates appear to be on track with the rollout of the previous updated COVID-19 shot but fall significantly short of the flu vaccine coverage so far this season. A couple other factors have probably affected vaccine uptake to a smaller extent. Smith says that it is surprising how the COVID-19 vaccination rates compare to flu shot uptake. Combination flu and COVID-19 vaccines are in the works but aren’t expected to be available to the public until 2025.

Persons: “ It's, ”, Camille Kotton, ” Kotton, “, they've, haven’t, they're, Kotton, didn't, Emily Smith, Smith, it's, it’s Organizations: Massachusetts General Hospital, Centers for Disease Control, CDC, George Washington University Milken Institute School of Public Health, U.S . Locations: Massachusetts, COVID, U.S

☆ Billionaire Asness says he is 'more a bond guy' at this moment
▼ + stars: | 2023-11-16 | by ( Carolina Mandl | ) www.reuters.com time to read: +2 min

Cliff Asness, Co-Founder, Managing Principal and Chief Investment Officer of AQR Capital Management, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsNEW YORK, Nov 16 (Reuters) - Billionaire quant investor Cliff Asness said on Thursday that he currently favors bonds over equities, given the returns that U.S. Treasuries are offering. "I'm more of a bond than a stock guy at this point," the founder principal of AQR Capital Management said when asked about his asset preferences at a virtual event hosted by Brazilian bank Banco Bradesco. "Bonds are starting to look pretty, pretty reasonable. Asness added he believes U.S. stocks are unlikely to repeat the same valuation growth they posted in the last 30 years.

Persons: Cliff Asness, Lucy Nicholson, Bonds, Asness, Carolina Mandl, Jonathan Oatis, Nick Zieminski Organizations: AQR Capital Management, Milken Institute Global Conference, REUTERS, Banco Bradesco, Treasury, Reserve, Carolina, Thomson Locations: Beverly Hills , California, U.S, Banco Bradesco . U.S, New York

☆ It will take a while for the economy to shift, says Milken Institute's William Lee
▼ + stars: | 2023-11-16 | 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 EmailIt will take a while for the economy to shift, says Milken Institute's William LeeWilliam Lee, chief economist at the Milken Institute, joins 'The Exchange' to discuss whether the economy is headed for a soft landing or a recession, the direction of Fed policy, and more.

Persons: Milken, William Lee William Lee Organizations: Milken Institute

☆ Investors are still unsure about getting into China's market, says Milken Institute's William Lee
▼ + stars: | 2023-11-16 | 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 EmailInvestors are still unsure about getting into China's market, says Milken Institute's William LeeWilliam Lee, chief economist at the Milken Institute, and CNBC’s Michelle Caruso-Cabrera join 'Power Lunch' to give their takes on the latest with the meeting between the U.S.-China.

Persons: Milken, William Lee William Lee, CNBC’s Michelle Caruso, Cabrera Organizations: Investors, Milken Institute, U.S . Locations: China

☆ Watch CNBC’s full interview with Milken Institute's William Lee
▼ + stars: | 2023-11-16 | 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 EmailWatch CNBC’s full interview with Milken Institute's William LeeWilliam Lee, chief economist at the Milken Institute, and CNBC’s Michelle Caruso-Cabrera join 'Power Lunch' to give their takes on the latest with the meeting between the U.S.-China.

Persons: Milken, William Lee William Lee, CNBC’s Michelle Caruso, Cabrera Organizations: Milken Institute, U.S . Locations: China

SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line during their ongoing strike outside Walt Disney Studios in Burbank, California, U.S., August 22, 2023. Striking writers and actors slashed spending, burned through savings and piled up debt to survive. Sets for movies and TV shows are lighting up again as studios rush to resume filming. Still, Hollywood is unlikely to return to the frenzied production pace of the streaming wars, when studios competed for subscribers and cachet. Hollywood actors won similar gains in a tentative agreement reached with the studios on Nov. 8.

Persons: Mario Anzuoni, caterers, Wall, Celia Finkelstein, ” Finkelstein, “, Serena Kashmir, ”, Fran Drescher, Kevin Klowden, ” Klowden, Long, Marc Meyer Jr, I’ve, Meyer, Guy Bisson, Neil Begley, Ampere, Dawn Chmielewski, Danielle Broadway, Lisa Richwine, Mary Milliken, David Gregorio Our Organizations: Writers Guild of America, Walt Disney Studios, REUTERS, Companies Comcast Corp, Fox, Netflix, Hollywood, Reuters, WGA, SAG, Milken Institute, Sony Pictures, Disney, Global, Ampere, Moody’s, Companies, “, Thomson Locations: Burbank , California, U.S, California, Georgia, New Mexico, Hollywood, ” Kashmir, Kashmir, Colorado, North Hollywood, Los Angeles

☆ Zepbound: The newest obesity medication explained by an expert
▼ + stars: | 2023-11-14 | by ( Katia Hetter | ) edition.cnn.com time to read: +8 min

CNN —The US Food and Drug Administration approved the medication Zepbound last week to treat chronic obesity. Tirzepatide joins a similar medication called semaglutide that was also initially developed for diabetes treatment under the name Ozempic and has since been approved to treat obesity under the name Wegovy. Studies on both have shown high effectiveness in treating diabetes and obesity. The injectable medication Zepbound, manufactured by Eli Lilly, was approved by the FDA on November 8 to treat chronic obesity. Note that technically, the versions of the medicines someone needs for obesity treatment are Zepbound and Wegovy.

Persons: Eli Lilly, Tirzepatide, —, Leana Wen, Wen, Zepbound, Ozempic Organizations: CNN, Food and Drug Administration, George Washington University Milken Institute School of Public Health, FDA, The New England, of Medicine, JAMA, Novo Nordisk, semaglutide, BMI Locations: The, tirzepatide, Wegovy

Peng Zhao, CEO, Citadel Securities speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. If Citadel Securities were to obtain a licence, it would be the first foreign firm to formally foray into market-making in China outside interbank and foreign exchange market making. "We are pleased to see the introduction of the market-making program in China," Zhao told Reuters in an interview in Hong Kong. Citadel Securities in July appointed Tony Tang, the former head of BlackRock's China business, to helm its China operations. This year, Citadel Securities also launched an investment-grade corporate bond market-making business in the United States.

Persons: Peng Zhao, Mike Blake, Zhao, Ken, Tony Tang, Summer Zhen, Selena Li, Sumeet Chatterjee, Edwina Gibbs Organizations: Citadel Securities, Milken, Global Conference, REUTERS, Reuters, Beijing Stock Exchange, Nasdaq, China's Stock, Treasuries, Asia, Thomson Locations: Beverly Hills , California, U.S, HONG KONG, China, interbank, Hong Kong, United States, Beijing, Asia

☆ Exclusive: Exxon aims to begin lithium production by 2026 in Arkansas
▼ + stars: | 2023-11-11 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +4 min

For Exxon and other oil companies, lithium production offers the prospect of selling a new product with relatively little added cost. OTHER ACREAGESeparate from its Tetra partnership, Exxon also controls more than 100,000 acres in Arkansas from which it plans to begin lithium production by 2027, according to the source. It was not clear whether Exxon plans to expand lithium operations outside Arkansas. Like all oil producers, Exxon extracts water containing traces of lithium as part of fossil fuel production. The Arkansas Oil and Gas Commission, which overseas lithium operations in the state, has said it plans to hold hearings on the matter.

Persons: Darren Woods, Mike Blake, Albemarle, Ernest Scheyder, Caroline Humer, David Gregorio Our Organizations: ExxonMobil, Milken, Global Conference, REUTERS, Exxon Mobil, Exxon, Tetra Technologies, EV, Reuters, Tetra, Chevron, Battery Metals, EnergySource Minerals, Energy, Arkansas Oil and Gas Commission, Benchmark Minerals, Thomson Locations: Beverly Hills , California, U.S, Arkansas, Florida, Texas, Albemarle, Louisiana, Los Angeles

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