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☆ Risking their lives for the truth
▼ + stars: | 2024-05-03 | by ( Jessie Goodson | ) edition.cnn.com time to read: 1 min

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☆ Gold set for second weekly fall; U.S. payrolls on investors' radar
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices were poised for a second straight weekly decline, although bullion held steady on Friday as investors remained cautious ahead of the U.S. non-farm payrolls data that could provide cues on the Federal Reserve's rate cut timeline. Spot gold held its ground at $2,306.84 per ounce by 0457 GMT but lost more than 1% this week. Softer U.S. payrolls print could provide support for gold but a better report may weigh on prices, Wong added. The non-farm payrolls report is due at 1230 GMT.

Persons: Christopher Wong, Wong, Wang Tao, Fawad Organizations: Co, U.S ., Fed, City Index Locations: Bangkok, Thailand, Egypt, Israel

☆ Portfolio manager discusses South Korea's 'value-up' program and proposed guidelines
▼ + stars: | 2024-05-03 | 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 EmailPortfolio manager discusses South Korea's 'value-up' program and proposed guidelinesCaroline Cai, Pzena Investment Management CEO and portfolio manager, discusses South Korea's recently proposed guidelines for companies that choose to participate in the government's reform program.

Persons: Caroline Cai Organizations: South, Pzena Investment

☆ Taiwan says Chinese planes crossed median line, China carries out landing drills
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: +2 min

Taiwan's defense ministry said on Friday it had detected a renewed incursion by Chinese military aircraft across the sensitive Taiwan Strait, as China reported its navy had carried out combat drills with landing craft. Taiwan's defense ministry said on Friday it had detected a renewed incursion by Chinese military aircraft across the sensitive Taiwan Strait, as China reported its navy had carried out combat drills with landing craft. The median line is used to serve as an unofficial border between the two sides, but Chinese military aircraft now regularly cross it. Taiwan said on Thursday that China had carried out a "joint combat readiness patrol" near the island for the second time in a week. China's defense ministry did not answer calls seeking comment on Friday, the country being in the middle of its Labor Day holiday.

Organizations: Labor, Eastern Theatre Command, Liberation Army Locations: Taiwan, China, Beijing, Taipei, Keelung

☆ Here's how much it costs to rent a 1-bedroom apartment across 10 major cities in Asia
▼ + stars: | 2024-05-03 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: 1 min

Here's the median price to rent a 1-bedroom across 10 cities in Asia. Renting a place is a big financial decision, especially when choosing to live in a major city where price tags are particularly hefty. The general rule of thumb is to spend no more than approximately 30% of your pre-tax income on rent, according to financial experts. Based on data gathered in April from various government websites and large real estate marketplaces in each country, researchers at the Global Property Guide compiled a list of median rental prices across several major cities in Asia. The numbers listed below are based on the median buying price per square meter and the median monthly rental price for a 1-bedroom apartment in the most expensive region within each respective city:

Organizations: Global Locations: Asia

☆ Japan's yen had a rollercoaster week amid suspected intervention. Here's what you need to know
▼ + stars: | 2024-05-03 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

An undated photographic illustration of Japanese yen and the U.S. dollar bank notes. The yen touched 160.03 against the greenback on Monday, for the first time since 1990, but strengthened to 156 levels later that day amid speculation about an intervention by Japanese authorities. Japanese authorities are yet to issue an official statement confirming their role in propping up the currency. In the last few decades, while other global central banks have tightened their policies, Japan had maintained its ultra-loose policy, leading to concentrated carry trades in the Japanese yen. Market participants believe Japanese authorities will intervene further to prop up the currency.

Persons: Glowimages, they've, Nicholas Smith, Kazuo Ueda, Edward Yardeni Organizations: U.S, Glowimages, CNBC, Bank of America Global Research, Bank of Japan, Bank of, Federal Reserve, Yardeni Research Locations: propping, Japan, U.S, Bank of Japan

☆ Donald Trump says he wasn't sleeping in court but simply closing his 'beautiful blue eyes' so that he could 'listen intensely'
▼ + stars: | 2024-05-03 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewFormer President Donald Trump says he didn't fall asleep during his hush-money trial. Trump has been regularly appearing in a Manhattan court since the trial kicked off on April 15. "I simply close my beautiful blue eyes, sometimes, listen intensely, and take it ALL in!!!" Related storiesHaberman, however, did acknowledge that there were times where Trump really was just closing his eyes. Besides the case in Manhattan, Trump has been charged in three other criminal cases, including a state criminal case in Georgia over accusations that he attempted to overturn the 2020 election results.

Persons: —, Donald Trump, Trump, Stormy Daniels, Hunt, Maggie Haberman, CNN's Kaitlan Collins, Haberman, It's, UBLPJEbA0y, Jon Stewart Organizations: Service, New York Times, CNN, Washington Post, Business, Times, Independent, Trump Locations: Manhattan, Georgia, Lago

☆ Treasury yields inch higher ahead of April jobs report
▼ + stars: | 2024-05-03 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

One basis point is equivalent to 0.01%. ET, the yield on the 10-year Treasury was up by more than one basis point to 4.5814%. The 2-year Treasury yield was last over one basis point higher to 4.8891%. U.S. Treasury yields were slightly higher on Friday as investors awaited key labor market data that could provide hints about the state of the economy. Investors looked ahead to the April jobs report, which investors will be scanning for clues about whether the labor market is easing or remaining resilient.

Persons: Dow Jones Organizations: Treasury, U.S, Investors, Federal Reserve

☆ Ukraine war live updates: Conflict reaches day 800, Russia says it curbed Ukrainian attacks overnight
▼ + stars: | 2024-05-03 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +1 min

The Russia-Ukraine war reached day 800 on Friday, crossing another milestone in the ongoing conflict as the battle continues with no resolution appearing imminent. A spokesperson for the Russian foreign ministry late on Thursday reiterated that Russia would not take part in the peace summit that is set to be held in June in Switzerland. The Swiss government said Thursday that Russia has not been invited. Meanwhile, Russia's defence ministry on Friday said it had thwarted attacks from Ukraine overnight, with its air defence systems destroying six drones, according to a post by the ministry on Telegram. Five drones were intercepted over the Belgorod region at the border of Russia and Ukraine, while one was destroyed over Russian-occupied Crimea on the Black Sea, according to a Google-translation of the post.

Persons: Maria Zakharova Organizations: CNBC Locations: Russia, Ukraine, Switzerland, Swiss, Belgorod, Crimea

☆ Societe Generale's investment bank limits first-quarter profit plunge
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: +1 min

French bank Societe Generale reported a smaller-than-expected 22% slide in first-quarter net income on Friday, as profits on equity derivative sales offset more weakness at its retail bank and in fixed-income trading. France's third-biggest listed lender, whose CEO Slawomir Krupa is seeking to end several years of lackluster performance and trim costs, said group net income over the first three months of the year was 680 million euros ($729.30 million). Sales slipped 0.4% to 6.65 billion euros, above the 6.46 billion-euro analyst average estimate. SocGen's investment banking division saw its earnings jump 26.4% to 690 million euros, beating forecasts, while revenues weakened 5.1% to 2.62 billion euros for the quarter. Equity derivatives sales, an area where SocGen has historically been strong, did well, the bank said, as did corporate financing services and its advisory business.

Persons: Slawomir Krupa Organizations: Societe Generale, Equity

☆ Tim Cook gets real about China
▼ + stars: | 2024-05-03 | by ( Aaron Mok | ) www.businessinsider.com time to read: +2 min

Still, CEO Tim Cook believes there's still "work to do" in bolstering sales to its major market. "I think it has been and is the most competitive market in the world," Cook said regarding China. AdvertisementApple CEO Tim Cook says there's still more work to do on the China front. While overall iPhone sales were down 10% year-over-year, CEO Cook noted that Apple "still saw some growth" on iPhone in China, specifying that "two best-selling smartphones in urban China" are the iPhone 15 and iPhone 15 Pro Max. "I feel good about China, I think more about long term than to the next week or so," Cook told CNBC in an interview before earnings.

Persons: Tim Cook, there's, Cook, —, Max Organizations: Apple, Service, Counterpoint Research, Huawei, CNBC, Business Locations: China, Shanghai

☆ Oil steadies, heads for weekly drop on U.S. economy worries
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: +1 min

Oil prices edged up in early trade on Friday on the prospect of OPEC+ continuing output cuts, but the crude benchmarks were headed for weekly losses on U.S. economic uncertainty and limited crude supply disruptions caused by the Israel-Hamas war. Brent headed for a 6.3% weekly decline, while and WTI moved towards a loss of 5.6% on the week. The market is now looking towards U.S. economic data and indicators of future crude supply from the world's top producer. Higher rates typically weigh on the economy and that can reduce oil demand. Also on Friday, energy services firm Baker Hughes is due to release its weekly count of oil and gas rigs, an indicator of future crude output.

Persons: Brent, WTI, Baker Hughes Organizations: Brent, . West Texas, Organization of, Petroleum, U.S . Bureau of Labor Statistics, Federal Reserve Locations: Israel, U.S, Russia

☆ Blockbuster weight loss drug Wegovy's sales just doubled — and could heat up even more with a price cut
▼ + stars: | 2024-05-03 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewDanish drugmaker Novo Nordisk will lower prices of its weight loss drug Wegovy as it plans to raise sales volumes and navigate tough competition. Prices for the blockbuster drug fell in the first quarter. Sales of Wegovy more than doubled in the first quarter year-on-year, to 9.4 billion Danish crowns, or $1.3 billion, according to the company's earnings. They did not specify how much Novo plans to cut Wegovy's prices. AdvertisementThe Danish pharmaceutical maker, which also produces viral weight loss drug Ozempic, reported better-than-expected sales of 65 billion Danish crowns, or $9.4 billion, in the first quarter.

Persons: —, Karsten Munk Knudsen, Knudsen, Lars Fruergaard Jorgensen, Ozempic, Eli Lilly, Wegovy, Bernie Sanders, Goldman Sachs, Oprah Winfrey, Elon Musk, Charles Barkley Organizations: Service, Nordisk, Business Locations: Danish, Novo

☆ Sex tapes! Celebrity rehab! Trump hush-money trial goes full National Enquirer as Hulk Hogan, Lindsay Lohan, Charlie Sheen are name-dropped.
▼ + stars: | 2024-05-03 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

Charlie Sheen, Hulk Hogan, Lindsay Lohan, and Tila Tequila were all name-dropped. Charlie Sheen, Hulk Hogan, Lindsay Lohan, Floyd Mayweather, Tila Tequila — all were name-dropped in morning testimony. Bove asked. Bove asked Davidson. Advertisement"I've represented several clients who had claims against Charlie Sheen," Davidson answered carefully.

Persons: Stormy Daniels, Keith Davidson, Charlie Sheen, Hulk Hogan, Lindsay Lohan, Tila Tequila, —, Donald Trump's, Floyd Mayweather, Playboy Bunny Karen McDougal, Trump, Daniels, Davidson, Emil Bove, Donald Trump, Jane Rosenberg Bove, You've, Bove, you've, shakedowns, McDougal, lister, Hogan, Kevin Winter, Terry Bollea, Bollea, Hulk, Amy Sussman, Lindsay Lohan Davidson, Betty Ford, Lohan, Valerie Macon, Kevin Blatt, Tequila, Charlie Sheen's, Jamie McCarthy, Sheen, Blatt, I've, Anderson, Heidi Gutman, Capri Anderson, I'm Organizations: Service, National Enquirer, Manhattan, Enquirer, Trump, Reuters, Hulk Hogan's, TMZ, Morning America Locations: Manhattan, Sheen, Capri, Anderson

Britain’s Conservative Party suffered striking early setbacks on Friday in local elections that are viewed as a barometer for how the party will perform in a coming general election and a key test for the embattled prime minister, Rishi Sunak. Only a minority of the results had been announced by early Friday, but already the signs were ominous, if not unexpected, for Mr. Sunak’s Conservatives, who have trailed the opposition Labour Party by double digits in national polls for 18 months. The Conservatives have lost more than 120 seats so far, including six in Hartlepool, in northeast England, where the Conservatives had made inroads after Brexit but have more recently lost ground to the resurgent Labour Party. Labour also won a special election for a parliamentary seat in Blackpool South, a seaside district, in a huge swing of votes away from the Conservatives, who had held the seat but narrowly missed finishing third, behind Reform U.K., a small right-wing party. The previous Tory member of Parliament, Scott Benton, resigned in March after becoming embroiled in a lobbying scandal.

Persons: Rishi Sunak, Scott Benton Organizations: Britain’s Conservative Party, Sunak’s Conservatives, Labour Party, Conservatives, Labour, Blackpool, Reform Locations: Hartlepool, England

☆ Sofia Vergara doesn't want more kids at 51: 'There is a reason why nature is doing that'
▼ + stars: | 2024-05-03 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Sofia Vergara, 51, says she doesn't want more kids due to her age and lifestyle. "There's things in life that might sound like good ideas, but they're not," Vergara told People. AdvertisementSofia Vergara, 51, says she doesn't want more kids at her age because she can't give them her all. AdvertisementIn January, Vergara told Spanish newspaper El País their marriage ended because Manganiello wanted kids, but she didn't. "I had a son at 19, who is now 32, and I'm ready to be a grandmother, not a mother," Vergara said.

Persons: Sofia Vergara, they're, Vergara, Griselda, Joe Manganiello, —, I'm, Manolo, Joe Gonzalez, Gonzalez, Manganiello, " Vergara Organizations: Service, Spanish, El

☆ From Australia to the UK: Where pro-Palestinian university protests are happening around the world
▼ + stars: | 2024-05-03 | by ( Helen Regan | ) edition.cnn.com time to read: +10 min

Here’s a look at some of the pro-Palestinian campus protests around the world. AustraliaOver the past few weeks, pro-Palestinian protest camps have appeared in at least seven universities across Australia. FranceIn Paris, pro-Palestinian protests erupted at the Sciences Po university and the Sorbonne university in late April. At McGill University in downtown Montreal, pro-Palestinian student protesters have set up an encampment on the front lawn. On May 2, a Quebec Superior Court judge rejected an injunction request that would have forced the pro-Palestinian protesters to leave their encampment.

Persons: Hilary Whiteman, ”, Owen Humphreys, Miguel Medina, Emmanuel Macron, ” Louise, ” Samuel Lejoyeaux, “ I’ll, “, India Eric Garcetti, Christinne, Oliver Marsden, ” Ali Organizations: CNN, New York’s Columbia University, Portland State, UCLA, United Nations, The University of Queensland, Students for Palestine, Palestine, University of Sydney, Sydney, United, United Kingdom Pro, Newcastle University, Newcastle University’s, ”, Sciences Po, Sorbonne, . Riot, Sorbonne University, Getty Images Sciences, Columbia University, Columbia, Harvard, Yale, UNC, Vanderbilt, “, Union of Jewish Students of France, Le Monde, CRS, Jawaharlal Nehru University, Jamia Milia Islamia University, BJP, Bharatiya Janata Party, Communist Party, ’ Federation of India, At McGill University, Palestinian, Israel . Mounted, McGill University's, University of Toronto’s, University of British, CBC News, Reuters, American University of Beirut, American University of, Getty Locations: Gaza, United States, Europe, Asia, Israel, Gaza’s Rafah, Australia, Brisbane, United Kingdom, Newcastle, England, Leeds, Bristol, Warwick, Britain, France, Paris, Palestine, AFP, de, India, New Delhi, Columbia, Jamia, Canada, Montreal, Quebec, University of British Columbia, Vancouver, Lebanon, American University of Beirut, Beirut

☆ The portfolio manager whisperers
▼ + stars: | 2024-05-03 | by ( Alex Morrell | ) www.businessinsider.com time to read: +24 min

AdvertisementHistorically, a hedge fund's chief investment office or senior portfolio manager was responsible for vetting and wooing key investment hires. They can also help hedge funds save on outside recruiting costs, which can add up to tens of millions a year. Hedge funds targeted institutional salespeople at investment banks with exposure to hedge funds, as well as asset allocators with chops in portfolio-manager selection and due diligence. Assets at multimanager hedge funds have boomed since 2018. The principle may work for fictional baseball diamonds, but the reality at hedge funds is more complicated.

Persons: Taylor Swift, Travis Kelce, Goldman Sachs, —, That's, headhunter who's, liken, Nick Saban's, Midlevel, headhunter, Ken Griffin, Michael Kovac, execs, Jennifer Blake, BD Thomas DeAngelis, Walleye Capital Paritosh Singh, Americas Michael Grad, BlueCrest Lindsay Previdi, Point72, Freestone Grove Matthew Giannini, Ken Griffin's, ExodusPoint, Brevan Howard, breakneck buildout, Michael Gelband —, Jonathan Hoffman, Alexander Phillips, ExodusPoint's, Millennium's Izzy Englander, noncompetes, Millennium Management Amanda Gordon, multimanagers, who've, Goldman, Schonfeld, Brevan Howard —, Neil Chriss, Harry Schwefel, Jonathan Brenner, Walleye's, Thomas DeAngelis, DeAngelis, Brenner, DeAngelis hasn't, Kansas City Chiefs Travis Kelce, Erick W, Rasco, Donald Trump's, America couldn't, Citadel execs Todd Barker, Daniel Morillo —, Jeff Runnfeldt, Bobby Jain, allocator Organizations: NFL, Business, Citadel, BD, University of Alabama, execs, Balyasny, Walleye Capital, Millennium, Americas, Freestone Grove, — Citadel, Walleye, BI, Costco, Millennium Management, Bloomberg, Getty, Investor, Barclays, Barclays Capital Solutions, Brookfield, Paloma Partners, Kansas City Chiefs, San Francisco 49ers, Allegiant, Getty Images, Black, Investors, ex, Fortress Locations: America, multimanagers, —, Hudson Bay, Schonfeld, Israel, multimanager, Europe, Middle East, Africa, Vegas, Balyasny

☆ NATO says Russia is carrying out 'malign activities' like sabotage on its member states and will address them
▼ + stars: | 2024-05-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

NATO is accusing Russia of "malign activities" in its member states, including Germany and the UK. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe North Atlantic Treaty Organization on Thursday singled out Russia in a statement condemning "recent malign activities" in its member states. The treaty organization said these individuals' actions were part of an "intensifying campaign of activities" carried out by Russia. Amid the heightened tensions, NATO members have increasingly highlighted what they say are Russian clandestine activities in their own governments and institutions.

Persons: —, Emmanuel Macron Organizations: NATO, North Atlantic Council, Service, Atlantic Treaty Organization, North Atlantic, Moscow, Russia's Ministry of Foreign Affairs, Business Locations: Russia, Germany, Czechia, Estonia, Latvia, Lithuania, Poland, Moscow, Ukraine, —, Kyiv, Russian, London, China

☆ I was Ryan Gosling's stunt double on 'The Fall Guy.' Filming car crashes was dizzying, but I broke a Guinness World Record.
▼ + stars: | 2024-05-03 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

Holladay was driving the cars during the early car crash scene and the final car jump scene. He recalled breaking the Guinness World Record for most cannon rolls performed in a car to Business Insider. When I was hired as Ryan Gosling's stunt driver for "The Fall Guy," the film's stunt coordinator gave me one big objective. Although we had other stunts and cannon rolls to perform for other scenes, completing this big stunt felt like a real victory. A side-by-side picture of the car jump.

Persons: Logan Holladay, Ryan Gosling's, Guy, Holladay, —, Adam Kirley, Daniel Craig's, Eric Laciste, we'd, Ryan Gosling, David Leitch, Colt, Tom Ryder, Aaron Taylor, Johnson, Emily Blunt, Chris O'Hara, Ryder Organizations: Business, Service, Guinness, Universal Pictures Locations: Sydney, Australia

☆ Fed and ECB divergence on rate cuts could spell trouble for the euro, economist says
▼ + stars: | 2024-05-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

The prospect of the European Central Bank diverging from the Federal Reserve on interest rate cuts is likely to be "particularly negative" for the 20-nation euro zone, according to one economist. The ECB appears on course to cut interest rates in June, barring any major surprises, and recent inflation data has since bolstered the case for an imminent reduction in borrowing costs. It leaves the ECB firmly on track to cut interest rates before the Fed. "The problem of cutting rates right now is that the ECB takes for granted the strength of the euro . Lacalle said a June rate cut from the ECB was not going to make German, French or Spanish businesses take more credit "because a small rate cut is not the driver of credit demand."

Persons: Christine Lagarde, Daniel Lacalle, Gestion, CNBC's, Lacalle Organizations: European Central Bank, ECB, Federal Reserve, CNBC Locations: Frankfurt, Germany, U.S

☆ 4 Americans charged with ammunition offenses in Turks and Caicos
▼ + stars: | 2024-05-02 | by ( Amanda Musa | ) edition.cnn.com time to read: +5 min

CNN —Four Americans are charged with possession of ammunition offenses in the tropical Atlantic getaway of Turks and Caicos, according to a post from the Turks and Caicos Islands Government. Carrying firearms in Turks and Caicos is prohibited, according to the TCI Government. Another man visiting Turks and Caicos from Pennsylvania is set to appear before a TCI court Friday on similar charges, according to CNN affiliate WPXI. Two additional Americans – a 31-year-old from Virginia and a 72-year-old from Texas – are also facing lengthy prison sentences for possessing ammunition, according to the TCI Government. Firearms, ammunition (including stray bullets), and other weapons are not permitted in the Turks and Caicos Islands (TCI).

Persons: Ryan Watson, Watson, Valerie, “, Valerie Watson, ”, Bryan Hagerich, Hagerich, Ashley, ” Ashley, WPXI, ” Hagerich, CNN’s Michael Rios, Tanika Gray, Forrest Brown Organizations: CNN, Turks, Caicos, Caicos Islands Government, TCI Government, British Overseas Territory, Embassy, Howard Hamilton International Airport, TCI, TSA, Will Rogers, Airport, WPXI, “, Transportation Security Administration, US State Department, British Overseas, State Department, United States, Firearms, Caicos Islands Locations: Caicos, Caicos Islands, Bahamas, Providenciales, Oklahoma, America, Oklahoma City, Turks, Pennsylvania, Virginia, Texas, United States, United

☆ ‘Bare-adise’ adventure: This nude cruise is due to set sail from Miami in 2025
▼ + stars: | 2024-05-02 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +2 min

CNN —What do you need to pack for a cruise? When it comes to this upcoming cruise from tour and travel company Bare Necessities, the answer appears to be very little. The nudist cruise specialist is teaming up with Norwegian Cruise Line to launch an 11-day voyage from Miami to the Caribbean, scheduled to set sail onboard the 295-meter Norwegian Pearl in February 2025. The “11-Day adventure back to Bare-adise” is scheduled to depart from Miami on February 3 and return on February 14. “Our mission is to provide relaxing, entertaining and health-conscious vacation opportunities that offer non-threatening, natural environments where the appreciation, wonder and compatibility of nature and the unadorned human form can occur,” say Bare Necessities.

Persons: Norwegian Pearl, “ Organizations: CNN, Cruise Line, St Locations: Miami, Caribbean, Bahamas, Puerto Rico, Maarten, Norwegian

☆ Moderna first quarter cost of sales correction
▼ + stars: | 2024-05-02 | by ( ) www.cnbc.com time to read: 1 min

Moderna's cost of sales was $96 million for the first quarter. An earlier version misstated the time period.

☆ Urris: Irish moonshine and the village that declared itself an outlaw republic
▼ + stars: | 2024-05-02 | by ( Yolanda Evans | ) edition.cnn.com time to read: +8 min

Back in the 19th century, however, this county was at the center of an illegal trade in poitín – or Irish moonshine. Inishowen in particular was such a hive of illegal activity that the area was jokingly referred to as the Urris Poitín Republic. Fed up with the heavy fines, the people of Urris declared themselves the independent nation of the “Urris Republic of Poitín” and sealed themselves in by collapsing the pass in 1812, McLaughlin-Doherty explains. The townspeople were able to be self-sufficient because of their farmlands and fishing, thus allowing the Urris Republic of Poitín to last for three years before the coup was ended in 1815. The Catholic Church, a stronghold in Ireland, was instrumental in the eventual curbing of illegal poitín production.

Persons: there’s, Malin, –, uisce, Innis Murray, Martin Hegarty, Jennifer McLaughlin, Doherty, “, Urris, McLaughlin, Poitín, ”, Pat Doherty, poitín, Clara Molden, Aengus King, Pádraic Ó Griallais, Poitin, Ó Griallais Organizations: CNN, Donegal, distillers, Irish Ancestral Tours, Research, “, Catholic, Camera, Drinks, Micil Distillery, Revenue, Department, Agriculture Locations: Inishowen, Ireland’s, There’s, Clonmany, Lenan, poitín, Republic, Ireland, Sligo, Urris, Poitín Republic, Poitín, Urris Republic, Republic of Urris, Ireland’s Shannon, Dublin, Drinks Ireland, Galway, “, Britain

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