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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
The Biden administration's decision to impose tariffs on $18 billion worth of imports from China could help a handful of stocks break out, according to Morgan Stanley. Stocks that are poised to benefit include U.S. automakers Ford and General Motors , as well as solar panel manufacturer First Solar . Morgan Stanley maintains an overweight rating on First Solar stock. GM YTD mountain General Motors stock. Morgan Stanley maintains an overweight rating on both Ford and GM.
Persons: Morgan Stanley, Laura Sanchez, Sanchez Organizations: Biden, White, U.S, Ford, General Motors, Wall, Department of Commerce and International Trade Commission, GM Locations: China, Cambodia, Malaysia, Thailand, Vietnam
Netflix and the N.F.L. Sign a Three-Season Deal
  + stars: | 2024-05-15 | by ( Nicole Sperling | ) www.nytimes.com   time to read: +1 min
On Wednesday, the streaming giant announced a three-season deal with the National Football League that will include showing two Christmas Day games on its service this year. It’s the first time Netflix has become partners with a major sports league, and it likely won’t be the last. The move follows Netflix’s increasingly aggressive push into the business of live events. “There are no live annual events, sports or otherwise, that compare with the audiences N.F.L. football attracts.”The streaming business has matured in the United States, and though Netflix is the dominant service, it still needs to keep growing.
Persons: Tom Brady ”, John Mulaney, Katt Williams, Foke ”, , Bela Bejaria Organizations: Netflix, National Football League Locations: Los Angeles, United States, America
Lawrence Wong was sworn in on May 15 as Singapore's new prime minister, after Lee Hsien Loong stepped down following two decades in office. Edgar Su | Afp | Getty ImagesSINGAPORE — Singapore's Lawrence Wong was inaugurated as the city-state's fourth prime minister on Wednesday, taking over from former prime minister Lee Hsien Loong, who has led Singapore for 20 years. Trade and industry minister Gan Kim Yong will be promoted to deputy prime minister and work alongside current DPM Heng Swee Keat. Lee, the eldest son of Singapore's founding Prime Minister Lee Kuan Yew, announced last month he will hand over power to the new prime minister in mid-May. Wong also served as principal private secretary to then prime minister Lee Hsien Loong from 2005 to 2008.
Persons: Lawrence Wong, Lee Hsien Loong, Edgar Su, Singapore's Lawrence Wong, Lee, Gan Kim Yong, Heng, Kim Yong, Swee Keat, Wong, Gan, Ong Ye Kung, helming, Singapore's, Lee Kuan Yew Organizations: Afp, Getty, SINGAPORE, Trade, Monetary Authority of, Party Locations: Singapore, Monetary Authority of Singapore, Gan
Read previewNoelia Voigt was crowned Miss USA in September 2023 in a moment full of celebratory tears and confetti. On May 9, the organization announced Miss Hawaii Savannah Gankiewicz will be taking over as Miss USA for the remainder of Voigt's tenure. AdvertisementGankiewicz was the first runner-up in the 2023 Miss USA pageant, and she won the costume contestGankiewicz competed in the Miss USA pageant after being crowned Miss Hawaii in January 2023. As of Wednesday, Miss USA had yet to announce who will replace Srivastava as Miss Teen USA. AdvertisementHer reign as Miss Hawaii technically ended in April when Breea Yamat was crowned Miss Hawaii USA 2024.
Persons: , Noelia Voigt, Voigt, Gankiewicz, Miss Teen USA UmaSofia Srivastava, Claudia Michelle, Miss Colorado Arianna Lemus, Laylah Rose, Rose, Miss USA, Srivastava, Stephanie Skinner, Lifestyle.Inq's Carl Martin Agustin, Lifestyle.Inq, Breea Yamat Organizations: Service, Miss USA, Miss, Business, Miss Hawaii, Savannah Gankiewicz, Miss Teen USA, Savannah Miss, Miss Teen, Teen New, American, Pacific Islander Heritage, Mutya ng Pilipinas, Miss Overseas Communities Locations: Miss USA, Savannah, Hawaii, USA, Savannah Miss USA, Oahu, Maui, Virginia, Bali, Gankiewicz, Philippines, Miss Hawaii USA
Trump is soliciting support from Silicon Valley donors to cut into Biden's cash edge. Trump is discussing a fundraiser with two high-profile venture capitalists, Bloomberg reported. The ex-president finds himself trailing the incumbent president in the fundraising race. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump is turning to Silicon Valley and ex-donors of onetime rival Ron DeSantis to boost his campaign coffers and cut into President Joe Biden's hefty fundraising edge.
Persons: Trump, , Donald Trump, Ron DeSantis, Joe Biden's, David Sacks, Chamath Palihapitiya, Sacks Organizations: Trump, Bloomberg, Service, Business Locations: Silicon, Silicon Valley, San Francisco
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
Her relationship with her mother came to a tipping point when Bettencourt Meyers initiated a decade-long family feud over her inheritance. A photographer named François-Marie Banier was the subject of a disagreement between Bettencourt Meyers and her mother. In a 2008 letter to Banier, Bettencourt described their relationship to him, writing: "With you, I am like a mother, a lover, all the feelings pass through me. Bettencourt Meyers told a French news magazine in 2009 that Mr. Banier's "objective is clear: break away my mother from our family to profit from her. He was sentenced to two and half years in prison and told to pay Bettencourt 158 million euros in damages.
Persons: Bettencourt Meyers, Marie Banier, François, Liliane Bettencourt, Bettencourt, Banier, Bainer, Butler Organizations: New York Times, Banier, Netflix
OpenAI co-founder Ilya Sutskever said Tuesday that he's leaving the Microsoft -backed startup. The departure comes months after OpenAI went through a leadership crisis involving co-founder and CEO Sam Altman. In November, OpenAI's board said in a statement that Altman had not been "consistently candid in his communications with the board." OpenAI has announced new board members, including former Salesforce co-CEO Bret Taylor and former Treasury Secretary Larry Summers. In 2015, Altman and Tesla CEO Elon Musk, another OpenAI co-founder, wanted Sutskever, then a research scientist at Google , to become the budding startup's top scientist, according to the lawsuit Musk filed against OpenAI in March.
Persons: Sam Altman, Ilya Sutskever, OpenAI, he's, Sutskever, OpenAI's, Altman, Helen Toner, Tasha McCauley, Adam D'Angelo, Ilya, Jakub Pachocki, Bret Taylor, Larry Summers, WilmerHale, Sue Desmond, Hellmann, Melinda Gates, Nicole Seligman, Fidji Simo, Greg, Sam, Greg Brockman, Mira Murati, Murati, Elon Musk, Musk, Dr Organizations: Tel Aviv University, Microsoft, Street, OpenAI's, Sony, Sony Entertainment, Tesla, Google, OpenAI Locations: Tel Aviv, OpenAI
24. Carbon Robotics
  + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com   time to read: +4 min
In a sign of how the ties between the deepest players in the field of artificial intelligence and other sectors of the economy are growing, Nvidia just announced a venture investment in Carbon Robotics in May. Carbon Robotics is a pioneer in AI-powered agricultural robotics designed to help farmers cut costs, boost production and improve crop yield. In 2023, Carbon Robotics opened two new facilities: Carbon Robotics North and its Richland, Washington-based laser refurbishing and manufacturing facility, allowing the company to increase production rates — it says demand tripled year over year in 2023. Carbon Robotics has also added seven European languages to the LaserWeeder's iPad operator app. To continue its growth, Carbon Robotics raised $43 million in new capital in 2023, just over half of the $80 million it has raised since its founding.
Persons: it's, Paul Mikesell Organizations: Monsanto, Syngenta, BASF, Nvidia, Carbon Robotics, NBC, Deere, Robotics, AndNowUKnow, Stout Industrial Technology, Bear Flag Robotics, Technology Locations: Richland , Washington, Europe, Australia
Maryland U.S. Senate Primary Election Results
  + stars: | 2024-05-14 | by ( ) www.nytimes.com   time to read: 1 min
Larry Hogan, a former two-term Maryland governor and an unabashed G.O.P. critic of Donald J. Trump, is the favorite in a crowded Republican primary for a U.S. Senate seat being vacated by Benjamin L. Cardin, a longtime Democratic incumbent. In the Democratic primary, Angela Alsobrooks, the Prince George’s County executive, is facing Rep. David Trone, a third-term congressman and owner of Total Wine & More, an alcohol retailer.
Persons: Larry Hogan, Donald J, Trump, Benjamin L, Cardin, Angela Alsobrooks, Prince George’s, David Trone Organizations: Republican, U.S, Senate, Democratic Locations: Maryland, Prince George’s County
German Air Force Eurofighter Typhoon fighter jets fly during a media day. Piroschka van de Wouw/ReutersDespite their generational differences, the F-22 Raptor and Eurofighter Typhoon actually have a number of things in common. A German air force Eurofighter Typhoon taxis toward the runway at Eielson Air Force Base in Alaska before departing for a combat-training mission, June 11, 2012. So what's the verdict between the F-22 Raptor and Eurofighter Typhoon? A composite image showing a German air force Eurofighter Typhoon jet and a US Air Force F-22 Raptor.
Persons: , Valerie R, David Cenciotti's, Piroschka van de Wouw, it's, Randy Gordon, Sam Eckholm, doesn't, Rich Wells, Thomas Wiegold, John P, Michael Holzworth, It's, Marc Gruene, haven't, Gruene, isn't, Jens Stoltenberg, Bernd Wüstneck, Eurofighters, Chris Jung, That's, Eric Wicklund, Erich Hartmann, He's, Alex Muller, Andreas Pfeiffer, who's, Thomas Bergeson, Wade Tolliver, we're, Dirk Smith, Mike, Bertie Simmonds, Micheal Jordan, Chesty Puller Organizations: Service, EA, German Eurofighter Typhoons, Business, Eurofighter, Spangdahlem Air Base, US Air Force, Tactical Air Force, America's Raptors, BFM, Germany's Eurofighter, Farnborough, Air, Germany's, German Air Force Eurofighter, Reuters, Typhoon, MIT, RAF, Breaking Defense, AIM, Air Force, Staff, Raptors, Eielson Air Force Base, Tech, Germany's Air Force, Combat Aircraft, TVC, Raptor, NATO, Tactical Air, Getty, Typhoons, Seoul International Aerospace, Defense, Eurofighters, 4th, US Navy, KC, Red Flag, Navy SEAL, ISIS, Qaeda, Flag, FS, Eurofighter Typhoon Locations: Germany, Alaska, Red, Estonia, Vietnam, Flag Alaska, gun's, American
"We're like the engine room of the company," Hassabis told CNBC, speaking about his newly integrated AI unit within Google. Last month, Alphabet CEO Sundar Pichai merged Hassabis' DeepMind with Google Brain, a separate AI team, and selected Hassabis to lead the group. DeepMind CEO Demis Hassabis at a 2017 event in China. During his career at DeepMind and then at Google, Hassabis dominated the field of AI. Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.
Persons: He's, Hassabis, Sundar Pichai, It's, Demis Hassabis, Geoffrey Hinton, Hinton, DeepMind, Elon Musk, OpenAI, Satya Nadella, Sam Altman, Justin Sullivan, Critics, they've, ChatGPT, AlphaFold, Eli Lilly Organizations: Google, CNBC, Microsoft, Elixir Studios, Hassabis, Washington Post, Employees, Novartis, TED Locations: China, DeepMind, San Francisco, ChatGPT, LLMs
Editor’s Note: This article was originally published by The Business of Fashion, an editorial partner of CNN Style. The design was upcycled from vintage Chanel scarves by stylist Logan Horne, whose brand, J. Logan Home, specializes in refashioning heritage luxury accessories. Fashion brands' legal claims are varied but ultimately boil down to concerns that third parties are free-riding on brands’ valuable IP in ways that could risk confusing consumers, eroding primary sales and tarnishing or diluting carefully cultivated marks. Some big brands, like Prada, Gucci and indeed Levi’s, have already dabbled with upcycling collections and programs of their own. These days, she says she’s having about a conversation a week with brands interested in exploring collaboration, but the industry moves slowly.
Persons: Travis Kelce, Logan Horne, Logan, Webster, They’ve, Chanel, Horne, , Susan Scafidi, J, Logan Home’s, Christian Vierig, Louis Vuitton, Levi’s, Jeremy Moeller, Irene Calboli, ” Chanel, des, Batsheva Hay, Monica Schipper, , Hay, upcycling, I’m, Prada, Gucci, Anna Foster, Gabriela Hearst Organizations: The, Fashion, CNN, NFL, Dua, Law, Paris Fashion, Business of, , Getty, Logan Home, Texas, M University, Fashion Trust, Business of Fashion, Industry Locations: New York, Texas, Beverly Hills , California, India, Europe
Nearly two weeks after a pro-Palestinian encampment at the University of California, Los Angeles, was attacked by counterprotesters, university officials still have not explained why security officers stood by for hours while the attack was underway, nor have they arrested any of those who swarmed in wielding metal rods, water bottles and firecrackers in one of the worst outbreaks of violence in the college protests that have rocked the country. The extent of the policing failure has become clearer in recent days, as witnesses have come forward to describe a chaotic night of violence on April 30, in which students and bystanders repeatedly called 911 and nonemergency lines, finding little help and calls that were disconnected. A dispatcher told one caller pleading for help that they were ending the call because “I have actual emergencies to handle.”One man was filmed by a local television station on the phone with emergency dispatchers, alerting them that people were getting hurt. “Security has abandoned this encampment,” he could be heard saying before lowering his phone and looking at it. “They just hung up on me again,” he said incredulously.
Persons: , , incredulously Organizations: University of California, counterprotesters Locations: Los Angeles
CNN's documentary examines the details leading to Reeva Steenkamp’s murder Rikki Hibbert Photography/Courtesy of StimuliiPistorius shot Steenkamp four times through the bathroom door of his house. Why did he do it?” Steenkamp’s mother, June, asked in the documentary. Very clever, and she was always laughing.”“She would have done amazing things,” said Tania Koen, CEO of the Reeva Steenkamp Foundation. The world was a better place with Reeva in it.”Pistorius, now 37 years old, was released on parole on January 5 this year. Steenkamp’s mother has been vocal in her criticism of his release and expressed her concern for the safety of other women.
Persons: Oscar Pistorius, Pistorius, Steenkamp, LeBron James, Leonardo DiCaprio, , Scott Roder, Jesse L, Martin, Steenkamp’s, Reeva, Rikki Hibbert, , Tania Koen, ” Pistorius, Oscar, ” “ Oscar Pistorius Organizations: CNN, Games, South, Appeal, Reeva, Locations: South, Pretoria, South Africa,
In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTVisitors inspect a Tesla Model Y car during the 40th Thailand International Motor Expo at the Impact Challenger hall in Nonthaburi. A Trump reelection is not even necessary: the Biden administration may introduce 100% tariffs on Chinese EVs next week, according to reporting on Friday. Chinese EV makers, including BYD, have earmarked $1.44 billion in new production facilities in Southeast Asia's second-largest economy. Tesla Thailand recently rolled out a special financing program to spur more sales. Southeast Asia is a growing auto market, and Thailand is already the region's biggest car producer and exporter, with Toyota, Honda, Nissan, Ford, GM and Mercedes-Benz having already embraced Thailand as a regional headquarters.
Persons: Goldstein, Donald Trump, Trump, Biden, There's, Tu Le, Tesla, Le, Steven Dyer, AlixPartners, Frank, Walter Steinmeier Organizations: Tesla, Getty, Auto, Nurphoto, Nikkei, Krungsri Securities, Nikkei Asia, Ford, Toyota, Honda, Nissan, GM, Mercedes, Benz Locations: Thailand, Nonthaburi, U.S, Southeast Asia, Beijing, Detroit, China, Trump, Bangkok, Nonthaburi Province, Nikkei Asia, Southeast Asia's, Shanghai
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen Kari Lake jumped into the Arizona GOP Senate primary last October, many conservatives were thrilled with the decision, confident she'd energize base voters in the general election. It's still early in the campaign, but the numbers are a sign that she has so far not consolidated GOP support around her candidacy. "Ultimately, the Republican Senate committee is probably going to realize before too long that there's far better opportunities for victories in other parts of the country," he added. But in addition to Arizona, they're angling to flip seats in Montana, Ohio, Maryland, Michigan, Nevada, Pennsylvania, and Wisconsin.
Persons: , Kari Lake, Katie Hobbs, Donald Trump's, Lake, Ruben Gallego, It's, Sen, John Barrasso of, Matt Salmon, Todd Young, Democratic Sen, Joe Manchin, Young, he'd Organizations: Service, Arizona GOP, Republicans, Business, Emerson College Polling, Democratic, GOP, Senate Republican Conference, Politico, Washington Republicans, National Republican Senatorial, Arizona Rep, Lake, Republican, Todd Young of Locations: Arizona, John Barrasso of Wyoming, Todd Young of Indiana, West Virginia, Montana , Ohio, Maryland , Michigan, Nevada , Pennsylvania, Wisconsin
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The recent quip on Blind came from a worker at a large tech company commenting on word of more job cuts at Google. There's little doubt that for some tech workers, this gallows humor feels spot-on after waves of layoffs at some of the industry's biggest names — including Google, Microsoft, and Tesla. Elon Musk told staff last month that Tesla will lay off 10% of its workers. Advertisement"They think that their brand is bulletproof," Cascio said, referring to big-name tech companies.
Persons: , Elon Musk, Tesla, Sundar Pichai, Pichai, Sandra Sucher, Harvard Business School who's, Wayne Cascio, who's, Cascio, Rich Otto, he'd, Harvard's Sucher, Zers, Caroline Ogawa, Ogawa, That's, Gartner's Ogawa Organizations: Service, Google, Microsoft, Tesla, Business, Bloomberg, Harvard Business School, University of Colorado, LinkedIn, Gartner, Social Locations: University of Colorado Denver, Silicon
The virtual meeting was attended by several hundred members of the Senate, which includes all faculty members who meet certain criteria. A vote of no confidence in Mr. Block would have been the harsher of the two measures. Mr. Block, 75, did not comment on the resolutions on Friday. Medical school faculty members described hearing from medical students and residents who had been attacked as they tried to treat injured protesters. will join a list of universities whose faculty and staff have united with protesters to rebuke their administrators’ handling of pro-Palestinian demonstrations.
Persons: Counterprotesters, Gene Block, , Carlos Santos, U.C.L.A, Block, Tom Jackson Jr, counterprotesters, Mark Abramson, , Matt Barreto, Mr, Barreto Organizations: Senate, University of California, Legislative Assembly, Luskin School of Public Affairs, Medical, University of Southern, The University Senate, California State Polytechnic University, Humboldt, Police, California, Patrol, The New York Times, Jewish Federation Los Angeles Locations: U.C.L.A, Los Angeles, University of Southern California
Xavier Gutierrez, CEO of the Arizona Coyotes and CEO of ImpactX Sports Group (L), and Pedro Guerrero, CEO of Guerrero Media. Gutierrez had previously been a managing director at private equity firm Clearlake Capital Group and knew Meruelo for about a decade before becoming the NHL's first-ever Latino CEO. It took a Latino owner to hire a Latino CEO, Gutierrez explained in an interview, because Hispanics are not well-represented in leadership positions in professional sports. Gutierrez, who is technically still CEO of the Arizona Coyotes even though the franchise is inactive, says he is the only non-owner Latino CEO. Gutierrez and Pedro Antonio Guerrero, the CEO of executive advancement company Guerrero Media, introduced Latinos in Sports at an event in Miami last week.
Persons: Xavier Gutierrez, Pedro Guerrero, Alex Meruelo, Gutierrez, Jorge Mas, haven't, Pedro Antonio Guerrero, Vianni Lubus, Mike Valdes, Fauli, José Feliciano Organizations: Arizona Coyotes, ImpactX Sports, Guerrero Media, Hockey League's Arizona Coyotes, Arizona team's, Coyotes, Clearlake Capital Group, NHL, National Football League, National Basketball Association, Major League Baseball, Major League Soccer, MLS, Inter Miami CF, Sports, CNBC, Chemistry Cultura, Clearlake Capital, Premier League's Chelsea Football Club Locations: Utah, Arizona, Guadalajara, Mexico, Cuban, American, U.S, Canada, Miami
Ambassador to the United Nations Nikki Haley (L) and Former U.S. President and Republican presidential candidate Donald Trump, campaigning in New Hampshire on Jan. 23rd, 2024. Donald Trump on Saturday made it clear that former Republican presidential candidate Nikki Haley is not on his running mate shortlist, quieting rumors that his campaign had been considering her as an option. The comment came several hours after Axios reported that Haley was in the Trump campaign's vice president conversation, citing two anonymous sources. Haley's wealthy donor base could help Trump make up his fundraising problems, which are compounded by legal fees related to several ongoing lawsuits. "Now when I say that, that probably means that she's not going to be chosen as the vice president."
Persons: Nikki Haley, Donald Trump, Axios, Haley, Trump, Joe Biden's, Elise Stefanik, Sen, Tim Scott, Marco Rubio, Doug Burgum, Kristi Noem, Kim Jong, Trump's Organizations: U.S, United, Former U.S, Republican, Jan, Trump campaign's, Trump, GOP, North Dakota Gov, Doug Burgum . South Dakota Gov, North, Wisconsin Locations: New Hampshire, Doug Burgum ., North Korean
Donald Trump appeared to close the door on Nikki Haley as a potential vice president. Trump's remark came after an earlier report that Haley was in the mix for VP. AdvertisementFormer President Donald Trump on Saturday threw cold water on any speculation that he was considering ex-presidential rival Nikki Haley as his running mate, saying she was "not under consideration." Just hours after the article was published, Trump went online to set the record straight on his vice presidential search. AdvertisementWhen Haley left the race, she did not throw her support behind Trump's reelection bid and gave no timeline for a potential endorsement.
Persons: Donald Trump, Nikki Haley, Trump's, Haley, , Trump, Ron DeSantis, Chris Christie, Biden Organizations: Service, Saturday, UN, Trump, GOP, Florida Gov, New, New Jersey Gov Locations: South Carolina, New Jersey, exurban
Read previewFormer President Donald Trump could face a $100 million tax bill after the IRS said he twice sought to write off the same losses on his struggling 92-story Chicago skyscraper, according to a New York Times and ProPublica report. In the IRS inquiry, acquired by The Times and ProPublica, the agency said Trump tried to claim tax benefits from financial losses associated with the project and that he practically wrote off those losses twice. Trump's first tax write-off for the Chicago tower came in his 2008 tax return, when sales at the building faltered below expectations. AdvertisementIn that year's tax return, Trump noted that he lost up to $651 million on the project, according to The Times and ProPublica. AdvertisementAfter looking at the inquiry, The Times and ProPublica — and tax experts — concluded that the revision pursued by the IRS would give Trump an updated tax bill exceeding $100 million, excluding any additional penalties.
Persons: , Donald Trump, Trump, Trump's, ProPublica, Eric Trump, Jean Carroll, Carroll Organizations: Service, New York Times, Trump International, Tower, Chicago Sun, Times, Business, The Times, IRS, Trump, Trump Organization, Chicago, Prosecutors Locations: Chicago, Tower Chicago, New York
John F. Kirby, a White House national security spokesman, said President Biden is concerned that an Israeli assault on Rafah would strengthen Hamas. Smashing into Rafah, in his view, will not advance that objective, will not get to that sustainable, enduring defeat of Hamas. But Mr. Biden has grown increasingly wary of a major assault in the densely populated city of Rafah in southern Gaza. Credit... Abir Sultan/EPA, via ShutterstockMr. Kirby also tried to assuage concerns that the United States was breaking with its closest ally in the Middle East. Mr. Biden’s decision to pause certain weapons shipments to Israel underscored brewing frustrations between Mr. Biden and Prime Minister Benjamin Netanyahu of Israel.
Persons: John F, Kirby, Biden, Israel “, ” Mr, Israel —, Israel, Mr, CNN’s Erin Burnett, Abir, Biden’s, , Benjamin Netanyahu, Netanyahu, God’s, Organizations: White House, ., American, Congress Locations: Rafah, Israel, Gaza, United States, , I’m, Israeli, Abir Sultan, Egypt
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