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☆ The 'biggest lie' women are told about work—and how it can hurt their careers
▼ + stars: | 2024-05-16 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

For decades, one question has fueled the debate over whether women can balance the demands of career and motherhood: can women "have it all"? The notion that women can have it all is the "biggest lie" working women are told that, if believed, can stunt their success, according to Bonnie Hammer, vice chairman at NBCUniversal. In her new book, "15 Lies Women Are Told at Work," Hammer explores the conflicting advice women are given regarding professional success. Having it all is a "wrong and dangerous" ideal for women to aspire to, the 73-year-old tells CNBC Make It. Women have reported higher levels of burnout than men for years, a gap that has more than doubled since 2019, Gallup reports.

Persons: Bonnie Hammer, Hammer Organizations: NBCUniversal, CNBC, Gallup

☆ ValueAct reveals stake in Fanduel-parent Flutter Entertainment
▼ + stars: | 2024-05-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

ValueAct Capital on Wednesday unveiled a stake in Flutter Entertainment , the Dublin-based parent company of sports betting firm Fanduel. It is possible that ValueAct previously had some other exposure to Flutter. The hedge fund previously had a position in The Stars Group, which was acquired by Flutter in 2020. While the ValueAct stake in Flutter is small, Gordon Haskett analyst Don Bilson pointed out in a note to clients that UBS also reported a stake in the gaming company. UBS has previously worked with ValueAct to build stakes in individual stocks for the hedge fund, Bilson said.

Persons: Mason Morfit, ValueAct, Walt Disney, Gordon Haskett, Don Bilson, Bilson Organizations: Capital, Walt, Securities and Exchange Commission, Stars, UBS, New York Stock Exchange, NYSE, Seagate Technology Holdings, Paycom Locations: Dublin, ValueAct

☆ Moms are flocking to use desks that have cribs attached. They say it allows them to balance motherhood with their careers.
▼ + stars: | 2024-05-16 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

"I'll try to time it so I can feed her, put her down in the play desk area, and do some work that doesn't involve calls." The work and play desk is a sort of cubicle designed for parents and children. AdvertisementMaegan Moore uses the play desk at Worplayce Courtesy of Maegan MooreMoore doesn't use the desk for long stretches of time — about an hour or two is her current limit. That setup more accurately matches the lives of many modern working parents, Crystal said. Decoupling work and kids from these arbitrary 9-to-5 work days or 9-to-3 day care days is the first step to making a life that works for you," she said.

Persons: —, Maegan Moore, Eleanor, it's, Moore, Maegan Moore Moore, That's, Bethany Crystal, Crystal, she's, I've Organizations: Service, mothering, Business, Montessori Locations: New York, Virginia, Sydney, Manhattan

☆ 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

☆ It will be even more expensive to borrow money for college this year—3 tips to cut down costs
▼ + stars: | 2024-05-15 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

The interest rate for direct federal undergraduate student loans disbursed after July 1, 2024 will be 6.53%, the Department of Education announced Tuesday. That's up from the current 5.5% interest rate, and the highest rates have been since 2008, according to ED data. New graduate student loans will have an 8.08% interest rate and parent PLUS loans will come with a 9.09% rate. Here are three ways to lower your overall college costs and reduce the amount you may need to borrow. Starting your college education at a community college or trade school is one way you may be able to cut down on costs while racking up course credits.

Persons: That's, Gabriella Carter, Ethan Nguonly, Nguonly hustled, Nguonly Organizations: Department of Education, Princeton University grad, CNBC, University of California — Locations: University of California — Berkeley

☆ TikTok’s new suitor is former Dodgers owner Frank McCourt, as lawsuit pushes back against ban
▼ + stars: | 2024-05-15 | by ( Brian Fung | Clare Duffy | ) edition.cnn.com time to read: +4 min

Frank McCourt, a real estate billionaire and the former owner of the Los Angeles Dodgers, said Wednesday he is laying the groundwork to acquire TikTok as part of a broad initiative to make a healthier internet. Still, McCourt said, the potential opportunity to acquire TikTok is a chance to rewire how social media works. “We can, and must, do more to safeguard the health and well-being of our children, families, democracy and society,” McCourt said in a statement. McCourt joins a host of other would-be suitors angling to pick up a platform used by 170 million Americans. A group of eight TikTok creators on Tuesday also filed a separate lawsuit challenging the potential ban.

Persons: Joe Biden, TikTok, Frank McCourt, McCourt, ” McCourt, Kirkland, Ellis, Sir Tim Berners, Lee, Steven Mnuchin, Kevin O’Leary, “, ”, Topher Townsend, ” TikTok Organizations: New, New York CNN, Los Angeles Dodgers, TikTok, Guggenheim Securities, Former, O’Leary Ventures, US Department of Justice Locations: New York, United States, China

☆ Average annual child care costs twice as much as rent in 11 states and the District of Columbia
▼ + stars: | 2024-05-15 | by ( Tami Luhby | ) edition.cnn.com time to read: +3 min

CNN —If you think the rent is too damn high, wait until you get the bill for child care. And the tab exceeded annual typical mortgage payments in 45 states, plus the District of Columbia, according to Child Care Aware. Nationwide, the average annual cost of care rose to $11,582 per child last year, up 3.7% from the prior year. Further exacerbating the shortage was the continued disappearance of licensed child care providers who operate out of their homes. Also, another $15 billion federal pandemic infusion for child care and development block grants, which states use to subsidize child care for working families, will expire this coming September.

Persons: that’s, Sandra Bishop, ”, Anne Hedgepeth Organizations: CNN, District of Columbia, of Columbia, Care, Nationwide, US Department of Health, Human Services, Care Aware’s, Century Foundation Locations: Illinois , Indiana , Iowa , Kansas , Massachusetts, Minnesota , Nebraska , Pennsylvania, Rhode Island , Vermont, Wisconsin

☆ Breastfeeding in public used to fill me with anxiety. A kind stranger changed my perspective
▼ + stars: | 2024-05-15 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +7 min

I was proud to be a mom and loved feeding my daughter, so why was I acting so ashamed? I hadn’t brought my nursing cover, the tasteful shawl I made a point of wearing while feeding her in public. And besides, I was proud to be a mom and loved feeding my daughter, so why was I acting so ashamed? And once I started breastfeeding in public myself, most people didn’t really notice — or at least, they acted like they didn’t. But once she reached our stretch of the sidewalk, this stranger didn’t ask any of those questions.

Persons: Read, CNN —, I’d, you’d, hadn’t, Long, who’d, Catherine Shoichet, —, “, ”, It’s, we’d Organizations: CNN Locations: Virginia

☆ Americans have been driving these Chinese-built cars for years — and Biden's tariffs likely won't impact them
▼ + stars: | 2024-05-15 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +2 min

Read previewOf the more than 15 million cars sold in the US last year, none wore the badge of a Chinese car brand. With the government's existing 27.5% tariffs on Chinese-made cars and Tuesday's new 100% tariffs on Chinese-made EVs imported to the US, the situation isn't likely to change anytime soon. AdvertisementAccording to Automotive News data, US consumers purchased more than 104,000 Chinese-made vehicles in 2023, up 45% from 2022. Americans bought another 28,000 Chinese-made cars during the first quarter of 2024. Here's a closer look at the Chinese-made cars on sale in the US.

Persons: —, Volvo's, Here's Organizations: Service, EV, SAIC, Business, Buick's, Automotive News, Buick, Lincoln, Volvo, Geely Automotive, Biden Locations: China, Polestar, South Carolina

☆ How MSNBC’s Leftward Tilt Delivers Ratings, and Complications
▼ + stars: | 2024-05-15 | by ( Jim Rutenberg | Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

MSNBC placed a big bet on becoming comfort TV for liberals. Time slots on the cable network once devoted to news programming are now occupied by Trump-bashing opinion hosts. On Super Tuesday, when producers aired a portion of a live speech by former President Donald J. Trump, Rachel Maddow chastised her bosses on the air. But MSNBC’s success has had unintended consequences for its parent company, NBC, an original Big Three broadcaster that still strives to appeal to a mass American audience. Local NBC stations between the coasts have demanded, again and again, that executives in New York do more to preserve NBC’s nonpartisan brand, lest MSNBC’s blue-state bent alienate their red-state viewers.

Persons: Biden’s, Jen Psaki, Donald J, Trump, Rachel Maddow Organizations: MSNBC, Trump, White, CNN, Fox News, NBC, Local NBC Locations: New York

☆ Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years
▼ + stars: | 2024-05-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Cisco reported earnings and revenue for the fiscal third quarter that topped Wall Street's estimates, even with sales dropping from a year earlier. Net income fell 41% to $1.89 billion, or 46 cents per share, from $3.21 billion, or 78 cents per share, a year earlier. The deal lowered Cisco's adjusted earnings per share by a penny but provided $413 million in additional revenue. Cisco bumped up its fiscal 2024 revenue guidance to a range of $53.6 billion to $53.8 billion, from $51.5 billion to $52.5 billion in February. WATCH: Cisco CEO Chuck Robbins: $28 billion Splunk deal will be a significant financial growth driver

Persons: Chuck Robbins, Robbins, LSEG, Gary Steele, Jeff Sharritts Organizations: Cisco, Bloomberg, Economic, Networking Locations: Davos, Switzerland, 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

☆ Sophie Turner says split from Joe Jonas ‘were the worst few days of my life’
▼ + stars: | 2024-05-15 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —Sophie Turner is now the happiest she’s been in “a really long time,” but she went through struggle to get there. In an interview with British Vogue, the “Game of Thrones” actress talked bout her split last year with singer Joe Jonas after four years of marriage. Turner was the subject of some negative headlines after their breakup, which painted her as a party girl and Jonas a the more responsible parent. “I mean, those were the worst few days of my life,” she told British Vogue. “Now that I’m back home, I’m actually the happiest I’ve been in a really long time.

Persons: Sophie Turner, Joe Jonas, Turner, Jonas, ”, “, Joan, you’ve, ’ ”, Joan ”, it’s, ” Turner, hadn’t, I’m, she’s, I’ve Organizations: CNN, British Vogue, I’m Locations: “

☆ Viking Global shifts Big Tech holdings in first quarter
▼ + stars: | 2024-05-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Ole Andreas Halvorsen's Viking Global appeared to relocate money within megacap technology in the first quarter. Viking Global zeroed out a position of nearly 3.3 million shares in Alphabet during the first three months of 2024, regulatory fillings show. It's nearly 1.6 million shares at a total value of more than $670 million. With that increase, Viking Global holds more than 1.9 million shares, or more than $1.2 billion. Outside of tech, Viking Global began holding Clorox , Dollar Tree , Skechers and Las Vegas Sands during the period.

Persons: Ole Andreas Halvorsen's, Halvorsen, Julian Robertson Organizations: Big Tech, Viking, Microsoft, Tiger Management, Viking Global, Las Vegas Sands, U.S . Bancorp, MetLife, Deere Locations: Ole Andreas Halvorsen's Viking, Viking, Apple, Las, U.S, Stryker

☆ Tom Brady says his appearance on ‘The Greatest Roast of All Time’ has ‘affected’ his children
▼ + stars: | 2024-05-15 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Former American football star Tom Brady has said he regrets how some of the jokes in Netflix show “The Greatest Roast of All Time” affected his children. Brady and Giselle Bündchen, pictured here in May 2018, announced their split in October 2022. Brady said he had a moment of realization that the roast hadn’t turned out the way he thought it would. “It makes you in some ways a better parent going through it because sometimes you’re naïve,” added Brady. At the end of the roast, Brady finally had the chance to defend himself, saying people had asked him why he agreed to do the event.

Persons: Tom Brady, Kevin Hart, Brady, Gisele Bündchen, “ Deflategate ”, Giselle Bündchen, Matt Winkelmeyer, Fred Taylor, Ryan Clark, Channing Crowder, “, ’, ” Brady, – Benjamin, Vivian, –, hadn’t, ”, I’ve Organizations: CNN, Former, Netflix, New England Patriots, Tampa Bay Buccaneers, Bucs Locations: Former American

☆ CNN and ABC Snag the TV Coups of the Year
▼ + stars: | 2024-05-15 | by ( Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

All of a sudden on Wednesday morning, the TV booking of the year was up for grabs. But President Biden’s shock announcement that he would skip this fall’s preplanned matchups in favor of debates sponsored by individual news outlets sent network executives into a scramble. He began rewriting his remarks after aides confirmed over the phone that both candidates had agreed to a CNN debate on June 27. Mr. Thompson took out his reading glasses to deliver the announcement onstage, reading from a script scrawled across a creased notecard. Debra OConnell, the head of ABC News, was deep into an annual meeting with regional affiliates when word came in.

Persons: Biden’s, Biden, Donald J, Trump, Mark Thompson, Thompson, Debra OConnell Organizations: CNN, ABC News, Garden, Disney, ABC

☆ Opinion: America vowed to desegregate its schools. This is what happened instead
▼ + stars: | 2024-05-15 | by ( Opinion Keith Magee | ) edition.cnn.com time to read: +8 min

CNN —A few weeks ago, I gave the keynote speech at an inaugural conference on Black literacy exploring what the organizers called an “alarming literacy gap” between Black students and their peers. The White students even had their prom at the local country club while the Black students’ prom was held in the school gym. And since schools with high numbers of poor Black and Brown students tend to be drastically underfunded the correlation between poverty and lower academic achievement is hardly surprising. More than two-thirds attend schools in which only a minority of students are eligible for FRPL, schools where better funding and opportunities mean better outcomes. Research shows that integration raises the attainment levels of all students — not just those who are Black, Brown and poor.

Persons: Keith Magee, Keith Magee Arron Dunworth, sleepovers, Angela Davis, Brown, backpedaling, —, Martin Luther King, Jr, Beverly Daniel Tatum, ” Organizations: University College London Institute for Innovation, Newcastle University Law School, CNN, of Education of, Civil Rights, Stanford, University of Southern, Pacific, Research, Twitter, Facebook, Brown v, of Education Locations: America, Brown, of Education of Topeka, Louisiana, University of Southern California, Black

☆ I'm a CEO who microdoses magic mushrooms to feel like my best self at work
▼ + stars: | 2024-05-15 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +5 min

For as long as I can remember, I've been on a quest to feel my very best. Even with my wellness routine, I had this sense of overwhelm as I tried to juggle so many responsibilities. My work in the wellness industry means I can try innovative brands at the forefront of plant medicine from trusted sources. Related storiesThey were simply another addition to my whole-body wellness routine. AdvertisementI don't see it as a magic pill but as part of my wellness routine that helps optimize my mind and body.

Persons: —, Kiana, Anvaripour, I've, I'm, microdosing, it's Organizations: Service, Business Locations: Los Angeles, LA, California, Cali

☆ Opinion: Restricting and monitoring social media won’t protect kids — here’s what will
▼ + stars: | 2024-05-15 | by ( Opinion Michal Luria | Aliya Bhatia | ) edition.cnn.com time to read: +9 min

But the bills mentioned by policymakers at a congressional hearing last month to address the problem — specifically, the Kids Online Safety Act (KOSA) and the Protecting Kids on Social Media Act — may do more harm than good. The Senate Commerce, Science and Transportation Committee will be considering the Protecting Kids on Social Media Act on Thursday. Both KOSA and the Protecting Kids on Social Media Act also propose parental monitoring tools to help guardians observe their children’s online activities. Join us on Twitter and FacebookBut that’s not enough — social media platforms should continue taking active steps toward more thoughtful designs for young people. A parent might talk to their child about what they are doing online or respond to something they post on social media.

Persons: Michal Luria, Aliya Bhatia, Aliya Bhatia Tim Hoagland, — Organizations: Center for Democracy & Technology, CNN, US, American Psychological Association, Pew Research Center, Social Media, Senate Commerce, Science, Transportation, Research, Global, American Privacy, APRA, Federal Trade Commission, Social, Twitter

☆ Inside the life and career of Larry Page, Google's co-founder and first CEO
▼ + stars: | 2024-05-15 | by ( Avery Hartmans | Lakshmi Varanasi | ) www.businessinsider.com time to read: +13 min

AdvertisementSo who is Larry Page and how did he get to where he is today? AdvertisementPage and Sergey Brin create GoogleGoogle co-founders Sergey Brin and Larry Page met as students at Stanford. Google's parent company, Alphabet, has developed self-driving cars through Waymo, the company formerly known as the Google Self-Driving Car project. Page's personal lifeGoogle cofounder Larry Page and his wife, the scientist Lucinda Southworth C Flanigan/FilmMagicThroughout it all, Page has kept information about his personal life closely guarded. Life after GoogleGoogle cofounder Larry Page bought Cayo Norte, an island in Puerto Rico.

Persons: —, Larry Page, Sergey Brin, Page, Sundar Pichai, Gloria, Carl Page —, Larry, what's, Nikola Tesla, he's, Brin's, BackRub, Brin, Eric Schmidt, Schmidt, Andy Rubin's, he'd, Andrew Kelly, Sergey, Lucinda Southworth C, Lucinda Southworth, Richard Branson, Page's, Carl Victor Page, Carl Page, He's, Hugh Langley Organizations: Service, Google, Business, Michigan State University . Education, Getty, Michigan State University, The, Montessori, Google Google, Stanford, Associated Press, University of Michigan, Labs, Reuters Page, Virgin Group, Investments, Carl Victor Page Memorial Foundation, Zee Aero, Pacific, Virgin Island, Atomic Locations: Michigan, Waymo, Toronto, Stanford, Caribbean, Palo Alto, Cayo Norte, Puerto Rico, Koop, Tavarua, Fiji

☆ Trump Media Stock Rises Again, Adding Billions to Former President’s Stake
▼ + stars: | 2024-05-15 | by ( Matthew Goldstein | ) www.nytimes.com time to read: 1 min

Shares of former President Donald J. Trump’s social media company have been on a wild ride since making their debut on Wall Street in March: soaring, crashing and then climbing again. The rally has pushed the value of Mr. Trump’s majority stake in the company to some $6 billion, a major windfall as he ramps up his presidential campaign and faces steep legal bills tied to the multiple cases against him. On Wednesday, the share price of Trump Media & Technology Group traded at around $53, approaching where the parent company of Truth Social ended its first day of trading on March 26, at just under $58. Mr. Trump owns nearly two-thirds of the company, but he is not allowed to sell his shares or use them as collateral for a few months. Trump Media’s multibillion-dollar market valuation has put it in the same league as established companies like American Airlines and Hasbro.

Persons: Donald J, Trump Organizations: Trump Media & Technology Group, Truth Social, American Airlines, Hasbro, & $

☆ Mothers of Miss USA and Miss Teen USA Speak Out on Resignations
▼ + stars: | 2024-05-15 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +15 min

A rocky startVoight was the first Miss Utah to win the Miss USA crown since 1960. Miss USARose, a fashion designer, bought the Miss USA license after a turbulent year that included rigging allegations and a sexual harassment cover-up. Hector Vivas/Getty ImagesIn her Miss USA resignation letter, Noelia detailed the "detrimental mental and emotional toll" of her time at Miss USA and how it "greatly impacted" her physical health. Noelia and UmaSofia's reigns as Miss USA and Miss Teen USA would have officially ended in August, but their mothers said it became too much. The network — which signed a three-year deal in April to air both the Miss USA and Miss Teen USA competitions — said on Monday that it's now "evaluating its relationship with both pageants," according to USA Today.

Persons: Noelia Voigt, Jackeline Voigt, Noelia's, Jackeline, Barbara Srivastava —, Miss Teen USA UmaSofia Srivastava, Noelia, UmaSofia, Barbara, Miss USA's, Laylah Rose, aren't, Rose, Voight, We're, we're, Brian Ach, Miss USA, Thom Brodeur, UmaSofia Srivastava, Barbara Srivastava Barbara, didn't, Stephanie Skinner, Skinner, Teen USA — Barbara, Rose hadn't, USA's, Kenya Moore, Olivia Culpo, they're, Voigt, Hector Vivas, —, — Noelia, Rose weaponized, Claudia Michelle —, Michelle, Colorado Arianna Lemus, Laylah, she's, Barbara Srivastava, it's, Brodeur Organizations: Miss USA, Business, Miss Teen USA, Miss, ABC News, New York, Christmas, Teen USA, Miss Universe, El, ., BI, USA, Miss Teen, Noelia, CW Network Locations: Venezuelan American, Miss Utah, Miss USA, Noelia's, USA, El Salvador

☆ Amazon's appearance at Upfronts highlights push beyond digital ads and into traditional media
▼ + stars: | 2024-05-15 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +4 min

But it's no longer just about digital ad dollars, and Amazon's inaugural presence at this year's Upfronts events is the clearest indication that the e-commerce giant is prepared to take on traditional media. Amazon's Prime Video and other streamers would historically be featured at Newfronts, which is digital media's take on Upfronts. This year, they're projected to spend roughly $18.8 billion on traditional TV ads during Upfronts, an increase of 1% from a year earlier, according to eMarketer. 1 question all of you asked was, 'When are you going to show ads on Prime Video?'" He showed how the business has evolved to include digital video ads on Prime Video.

Persons: they're, Cowen, Alan Moss, we've, Reese Witherspoon, Jake Gyllenhaal, Paul Kotas, We've, Kotas, we're, — CNBC's Lillian Rizzo, Alex Sherman Organizations: Meta, Google, Amazon, Disney, Comcast, Netflix, Google's YouTube, Prime, Revenue, National Football League, CNBC Locations: Amazon, U.S

☆ One of the wealthiest members of Congress spent over $60 million just to lose Maryland's messy Democratic Senate primary
▼ + stars: | 2024-05-15 | by ( Brent D. Griffiths | John L. Dorman | ) www.businessinsider.com time to read: +4 min

Read previewRep. David Trone, one of the wealthiest members of Congress, spent over $60 million of his own fortune to try to win a Democratic Senate primary. With nearly 40% of all votes in, Prince George's County Executive Angela Alsobrooks is projected to have defeated Trone in Maryland's Democratic US Senate primary, according to Decision Desk HQ. Schumer can't afford to lose the Senate seat if he wants to keep the party's slim majority in the chamber. Related storiesAnd Alsobrooks — who was endorsed by Maryland Democratic heavy hitters including Gov. Republicans see Montana and Ohio as their top Democratic Senate targets this year, while also looking to compete in Arizona, Michigan, Nevada, Pennsylvania, and Wisconsin.

Persons: —, David Trone, Angela Alsobrooks, Trone, Alsobrooks, Larry Hogan, Hogan, Chuck Schumer, Schumer, Alsobrooks —, Wes Moore, Sen, Chris Van Hollen, Steny Hoyer —, Maryland doesn't, West Virginia Sen, Joe Manchin's Organizations: Service, Democratic Senate, Associated Press, Democratic, Senate, Republican, Business, GOP, Democrat, Wine, Democratic Party, Maryland, CNN, Republicans, Maryland Democratic, Gov, CBS, WUSA9, The Washington Post, West Virginia, Maryland — Locations: Prince George's, Maryland, Trone, Washington, Montana and Ohio, Arizona , Michigan, Nevada , Pennsylvania, Wisconsin

☆ Trump Media says it will delay quarterly filing due to auditor change
▼ + stars: | 2024-05-15 | by ( ) edition.cnn.com time to read: +1 min

Trump Media & Technology Group filed a notice to the US Securities and Exchange Commission on Wednesday that it would delay its quarterly filing, just days after the regulator charged its former auditor with fraud. Former US President Donald Trump’s media company said it was unable to complete the review of its financial statement for the quarter ended March 31 due to the timing of its appointment of Semple, Marchal & Cooper as the new auditor. The company dismissed previous auditor BF Borgers, after the SEC charged the accounting firm with “massive fraud” earlier this month. The stock has since then cut its gain to about 5%, giving it a market value of about $7 billion. Truth Social’s revenue was $4.13 million last year, up from $1.47 million in 2022.

Persons: Donald Trump’s, Semple, Cooper, BF, Trump Organizations: Trump Media & Technology Group, US Securities and Exchange Commission, Marchal, SEC, Nasdaq

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