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☆ Top Wall Street analysts pick these 3 dividend stocks for higher returns
▼ + stars: | 2024-04-21 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Enterprise Products PartnersThis week's first dividend stock is Enterprise Products Partners (EPD), a midstream energy services provider. (See EPD Technical Analysis on TipRanks)Goldman SachsLet's move to Goldman Sachs (GS), one of the leading investment banks in the U.S. In the first quarter, Goldman Sachs returned $2.43 billion of capital to shareholders through share repurchases worth $1.5 billion and dividends of $929 million. (See Goldman Sachs Stock Buybacks on TipRanks)Cisco SystemsFinally, let's look at Cisco Systems (CSCO), a networking equipment maker.

Persons: Wall, Elvira Scotto, Scotto, TipRanks, Goldman Sachs, Stephen Biggar, Tal Liani, Cisco's, Liani Organizations: Wall Street, Enterprise Products, Enterprise Products Partners, RBC Capital, U.S, Goldman, Biggar, Securities Industry, Financial Markets Association, Cisco Systems, Cisco, Bank of America Securities Locations: Delaware, industrywide

☆ US regional banks are still under pressure. That’s likely to continue
▼ + stars: | 2024-04-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Despite overcoming a crisis in 2023, the pain isn’t over for America’s regional banks. Shares of New York Community Bank have tumbled 71%, Bank OZK shares have slid 16% and Webster Financial shares have lost 11%. Regional banks reported wide losses on their profits during the first quarter. PNC projects that its net interest income will fall between 4% to 5% in 2024 from last year. “I’m worried about a handful of [regional banks],” Bair told CNBC on Tuesday.

Persons: that’s, Jerome Powell, “, ” Powell, Sheila Bair, “ I’m, ” Bair, ” Tesla, Tesla, Elon Musk, Chris Isidore, Musk, Chancellor Kathaleen McCormick, Read, Samantha Delouya, —, Maximilian Kotz, Leonie Wenz, Noah Diffenbaugh Organizations: CNN Business, Bell, New York CNN, Regional Banking, New York Community Bank, Bank OZK, Webster Financial, PNC Financial, T Bank, US Bancorp, Citizens, PNC, Valley Bank, Signature Bank, First Republic Bank, Federal Reserve, Wilson Center, Federal Deposit Insurance Corporation, CNBC, Tesla, Securities and Exchange Commission, United Nations, Potsdam, Climate, CNN, Stanford University Locations: New York, Delaware, ” Delaware

Tesla tries again on Musk’s record pay packageNearly three months ago, a Delaware court voided Elon Musk’s multibillion-dollar pay package that Tesla’s board — and most shareholders — had given him in 2018, contending that the process to decide it was “deeply flawed” and that the company didn’t properly disclose it to investors. On Wednesday, Tesla said that it would ask shareholders to vote again on that same pay package, now valued at about $47 billion, at its annual meeting on June 13. The company’s board is effectively asking shareholders, now armed with all of the information that was revealed about the negotiations in court, to make the court’s ruling moot. The vote is likely to set off a bitter battle among investors and governance experts over whether shareholders should provide Musk with the richest pay package in U.S. corporate history. It comes as Tesla faces new challenges, especially slumping sales that have erased billions off its market value in recent months.

Persons: Tesla, Elon Musk’s, — Locations: Delaware

☆ Why Tesla wants to give Elon Musk a $55 billion pay package
▼ + stars: | 2024-04-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Tesla is seeking shareholder approval for Elon Musk's pay package, which a judge previously struck down. AdvertisementWhy does Tesla's board think Elon Musk deserves a $55 billion pay package? Tesla plans to ask shareholders to vote again on Musk's $55 billion pay package after it was struck down by a Delaware Judge earlier this year. Tesla shareholders will be able to vote on the issue during the company's annual meeting in June. Musk does not receive a salary from Tesla and his pay package centered on a series of goalposts around the carmaker's financial growth, initially set in place in 2018.

Persons: Tesla, —, Elon, Robyn Denholm, Denholm, Kathleen St, J, McCormick, Musk Organizations: Elon, Service, Delaware Judge, Securities and Exchange Commission, Delaware Court, Tesla, The New York Times Locations: Delaware, Texas

☆ Tesla gives Delaware the cold shoulder and pitches a move to Texas
▼ + stars: | 2024-04-17 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Elon Musk has disapproved of Delaware ever since a judge there ruled against his massive pay package. 2024 is the year that Tesla should move home to Texas," the proxy statement reads. "We have received letters from thousands of Tesla stockholders — large and small — supporting a move home to Texas. The proxy statement also asks shareholders to re-approve Musk's pay package, which is now valued at $47 billion. Shareholders are scheduled to vote on both proposals — the move and the pay package — in June.

Persons: Tesla, Elon Musk, —, Musk Organizations: Elon, Service, SEC Locations: Delaware, Texas

☆ Tesla asks shareholders to vote again on Musk's $56 billion payout
▼ + stars: | 2024-04-17 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Tesla said Wednesday it will ask shareholders to reinstate CEO Elon Musk's $56 billion pay package, which a Delaware judge voided earlier this year after ruling that the record-setting compensation deal was "deeply flawed." Tesla said the court decision created a "fundamental problem for the company." Tesla has not hired Innisfree since 2018, when it first asked shareholders to vote on Musk's pay package. Musk's pay package was invalidated after a shareholder won a lawsuit against the company earlier this year. The company also noted that "dozens of institutional stockholders" have told Tesla that they disagree with the Tornetta decision.

Persons: Elon Musk, Lola, Tesla, Elon Musk's, Musk, Innisfree, Musk's, Chancellor Kathaleen McCormick, Richard Tornetta, McCormick Organizations: Regency Bruin Theatre, Twitter, Board, Delaware Court Locations: Los Angeles , California, U.S, Delaware, Texas

☆ Elon Musk says in email that Tesla sent 'incorrectly low' severance packages to some laid-off employees
▼ + stars: | 2024-04-17 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Tesla CEO Elon Musk sent an internal email on Wednesday, telling staffers that the company sent out some severance packages that were too low to a number of laid-off workers this week. "As we reorganize Tesla it has come to my attention that some severance packages are incorrectly low," Musk wrote in the brief email. His earlier CEO pay plan, worth $56 billion, was voided in a ruling by Delaware chancery court judge Kathaleen McCormick, who decided that, as CEO, Musk controlled Tesla, and the board's compensation committee wasn't independent, among other factors. Tesla shares have dropped about 37% this year as of Wednesday, closing at $155.45. WATCH: This is a 'fork in the road' period for Musk and Tesla

Persons: Elon Musk, Porte, Musk, Tesla, Kathaleen McCormick Organizations: Twitter, Viva Technology, Porte de, Reuters Locations: Paris, France, Delaware

☆ Biden says Trump 'doesn't deserve to be the Commander-in-Chief for my son'
▼ + stars: | 2024-04-17 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

President Joe Biden on Wednesday choked up as he blasted Donald Trump, saying the presumptive Republican presidential nominee "doesn't deserve to be the Commander-in-Chief for my son." "They asked him to go visit American grave sites. Because they were all suckers and losers," Biden said, citing the reports about Trump's rationale. That man doesn't deserve," Biden said, pausing for several seconds as he choked up before adding, "to be the Commander-in-Chief for my son." Beau Biden died in 2015, when his father was vice president in the administration of former President Barack Obama.

Persons: Joe Biden, Donald Trump, doesn't, Beau Biden —, Trump, Biden, Beau Biden, General's, Barack Obama, Trump's, John Kelly, Jeffrey Goldberg, Goldberg Organizations: Wednesday, Delaware Army National Guard, Democrat, United Steelworkers, General's Corp, National Guard, Guard, White House, CNN, U.S . Locations: Pittsburgh, Paris, Iraq, Aisne

☆ Tesla Seeks to Revive Musk’s $47 Billion Pay Deal After Judge Says No
▼ + stars: | 2024-04-17 | by ( Jack Ewing | ) www.nytimes.com time to read: +1 min

Facing criticism that it is overly beholden to Elon Musk, Tesla’s board of directors said on Wednesday that it would essentially give him everything he wanted, including the biggest pay package in corporate history. If setbacks in court and the car market have induced any soul searching among Tesla’s board, there was no sign of it in the latest announcement. If anything, the board doubled down on backing Mr. Musk, Tesla’s chief executive, risking riling up activist investors and more litigation. The board’s decision to ask shareholders to endorse a compensation plan for Mr. Musk that is worth about $47 billion came less than three months after a Delaware judge voided the same pay package. In addition, Mr. Musk has not presented much of a plan to restore the company’s momentum.

Persons: Elon Musk, Tesla, Musk Locations: Delaware

☆ Tesla will ask shareholders to vote again on Elon Musk's mammoth $47 billion pay package months after it was voided in court
▼ + stars: | 2024-04-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Elon Musk's mega pay packet will be taken back to Tesla shareholders for another vote. The $47 billion package, first approved in 2018, was voided by a Delaware court in January. A statement filed with the SEC Wednesday says Musk hasn't been paid for his work at Tesla in six years. AdvertisementTesla will ask shareholders to vote again on Elon Musk's enormous pay package, which was previously overturned by a court. The carmaker announced its plans for another vote in a proxy statement filed with the Securities and Exchange Commission on Wednesday.

Persons: Elon, hasn't, —, Tesla Organizations: SEC Wednesday, Service, Elon, carmaker, Securities and Exchange Commission, Delaware Court, Business Locations: Delaware

☆ Trump defends 'respected' company behind his $175M civil fraud bond
▼ + stars: | 2024-04-16 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Trump's lawyers defended his $175M civil fraud bond — and Knight Specialty — in court filings. AdvertisementLawyers for Donald Trump are defending the "respected" insurers behind his $175 million civil fraud bond in a series of new court filings. Trump's bond was underwritten by Knight Specialty Insurance Company, based in Los Angeles, run by billionaire Trump supporter Don Hankey, a so-called king of subprime car loans. "KSIC is a respected, well-capitalized, Delaware-domiciled insurer that has long underwritten surety bonds and other types of insurance placed around the country," Trump's lawyers wrote. Beyond that, the insurer "has access to more than $2 billion in assets and $1 billion in equity" through its parent company, Knight Insurance Company," the filings say.

Persons: Trump, —, Donald Trump, general's, Charles Schwab, KSIC, Letitia James, Knight, Arthur Engoron, Engoron, Don Hankey, Trump's Schwab, Read, Christopher Kise, Alina Habba, Clifford Robert Organizations: Service, underwriters, New York, Knight Specialty Insurance, Knight Insurance Company, Trump, Associated Press Locations: Manhattan, KSIC, New, Los Angeles, Delaware, Engoron

☆ Biden administration partners with states to protect airline customers
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: +2 min

And while state attorneys general receive consumer complaints, airlines are not legally required to respond to their inquiries. The Biden administration has been aggressively pushing measures to expand consumer rights for airline passengers. The latest move comes as passenger traffic in the United States is projected to reach an all-time high this year. It includes 18 states such as California, New York, Nevada and Colorado that have some of the busiest U.S. airports. The DOT said seven more states - Delaware, Massachusetts, Minnesota, Oregon, Tennessee, Vermont, and Washington – are interested in joining the initiative.

Persons: Transportation Pete Buttigieg, Francis Scott Key, Pete Buttigieg, Biden, Buttigieg, Washington – Organizations: Transportation, White, . Transportation, U.S . Department of Transportation, Transportation Department, Southwest Airlines, Republican, Democratic Locations: Baltimore, Washington , U.S, United States, California , New York , Nevada, Colorado, Delaware , Massachusetts, Minnesota , Oregon , Tennessee , Vermont, Washington

☆ The income everyday Americans earn in every U.S. state—see how your salary measures up
▼ + stars: | 2024-04-14 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

The Northeast and Western regions tend to have higher-earning populations compared with the South and some states in the Midwest. Massachusetts tops the rankings with the highest median wage of $60,690 for individual workers, while Mississippi has the lowest median wage in the country at $37,500. In Wyoming, workers have the 26th highest median wage, but the 18th lowest cost of living. Florida, similarly, has the 14th lowest median wage, but is only the 29th cheapest state to live in, according to MERIC. Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.

Organizations: Bureau of Labor Statistics, Rhode, Missouri Economic Research, Information Center, for Community, Economic Research, CNBC Locations: Midwest . Massachusetts, Mississippi, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, Hampshire, Jersey, Mexico, York, Carolina, Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming, . Massachusetts, U.S

☆ Activists helped shut down an oil refinery after a series of explosions. The consequences weren’t what they expected
▼ + stars: | 2024-04-14 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +17 min

Philadelphia CNN —Bilal Motley, utilities manager at a former Philadelphia oil refinery, was working the graveyard shift when a massive explosion broke out in the early morning hours of June 21, 2019. “This oil refinery was talked about and passed down through generations,” Sanders said. Rachael WarrinerPES is no longer functioning as a refining company, but Sunoco, whose subsidiary Evergreen owned the former PES site, did not respond to requests for comment. The PES refinery complex was the largest source of particulate air pollution in Philadelphia. Hilco Redevelopment PartnersBut UPenn’s Neises said given the scale and history of the property, Hilco will need to take its time to redevelop the area of redevelopment.

Persons: Philadelphia CNN — Bilal Motley, I’m, ” Motley, ’, ”, Motley, trekked, Hilco, Ellen Neises, they’ll, Sonya Sanders, Sanders, ” Sanders, “, Rachael Warriner, Rachel Ramirez, Phil Rinaldi, Matt Rourke, Mike Smith, ” Roberto Perez, Amelia Chasse Alcivar, UPenn’s Neises, Neises, she’s, you’re, Philly Thrive’s Sanders, there’s Organizations: Philadelphia CNN, Philadelphia Energy Solutions, US Chemical Safety, Hazard Investigation, Hilco, Partners, CNN, University of Pennsylvania’s Weitzman, of Design, longtime, Evergreen, PES, Environmental Protection Agency, Drexel University, University of Pennsylvania’s School of Medicine, Philadelphia International Airport, City of, City of Philadelphia Refinery Advisory, Hilco Redevelopment Partners, Industrial Realty, ., Philadelphia Energy Solutions Refining, United Steelworkers Union, Oil Bargaining, EPA, “ Locations: Philadelphia, East, Schuylkill, New York City, Chicago, longtime South Philadelphia, South Philadelphia, Grays Ferry, Breeze, City of Philadelphia, New York, Delaware, Pennsylvania, Bellwether District, ”, Bellwether

☆ Donald Trump appears to endorse pro-Palestine 'genocide Joe' chant at rally: 'They're not wrong'
▼ + stars: | 2024-04-14 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

At a Pennsylvania rally, Donald Trump appeared to endorse his supporters, chanting, "Genocide Joe." "Genocide Joe" was coined by Pro-Palestine supporters to protest US support for Israel's Gaza siege. AdvertisementAt a rally in Schnecksville, Pennsylvania, on Saturday, Donald Trump appeared to endorse some of his supporters who were chant "genocide Joe," in reference to President Joe Biden's handling of the Middle East conflict. However, at the rally, Trump also expressed his support for the Jewish state. All I can do is tell the truth; the truth is they have no case," he said.

Persons: Donald Trump, Joe, Trump, —, Joe Biden's, Biden, Lloyd Austin, Jordan, — Simon Ateba, Stormy Daniels, I'm Organizations: Pro, Palestine, Gaza, Service, Israel Defense Forces, Israel, US Defence, TRUMP, Biden, White, Trump, Mar Locations: Israel, Schnecksville , Pennsylvania, Gaza, Iran, Iranian, Damascus, Tehran, France, Delaware

☆ These are the most overbought and oversold stocks on Wall Street after a wild week of trading
▼ + stars: | 2024-04-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

The stock market ended the volatile week lower, but there could still be opportunities for plenty of companies' shares to rebound. CNBC Pro used its stock screener tool to find the most overbought and oversold stocks on Wall Street as measured by their 14-day relative strength index, or RSI. Stocks with a 14-day RSI above 70 are considered overbought, which indicates that shares might soon turn lower. Devon Energy made the list of overbought stocks, dominated by oil and gas producers, with an RSI of 82. On the other hand, Texas-based life insurer Globe Life , with an RSI of just 3, is among the most oversold stocks on Wall Street.

Persons: Roger Read, Devon, Wells, Deere, Lamb Weston, FactSet, —, Fred Imbert Organizations: Dow Jones, CNBC Pro, Devon Energy, Exxon Mobil, Barclays, Exxon, Truist Securities, Deere, Globe, Research, Securities Locations: Devon, Wells, Delaware, Illinois, Texas, Lamb, Idaho

☆ As Iran attacks Israel, Biden confronts an escalating Middle East crisis he had hoped to avoid
▼ + stars: | 2024-04-13 | by ( Kevin Liptak | Mj Lee | ) edition.cnn.com time to read: +5 min

CNN —For President Joe Biden, an attack on Israel launched from Iranian soil amounts to a scenario he’d greatly sought to avoid since the start of the current Middle East conflict. In the immediate aftermath of Iran’s attacks, American officials acknowledged they were entering uncharted territory, with the extent of Iran’s attacks initially unclear. One significant question mark is how proxies might potentially join Iranian efforts to target Israel and add a new layer of unpredictability. Administration officials saw Iran’s attacks on Israel Saturday as disproportionate to Israel’s strikes in Damascus that prompted the retaliation, a US official told CNN. As Iran’s plans to attack Israel grew clearer, American officials increasingly assessed that Tehran was not seeking direct conflict with the United States.

Persons: Joe Biden, Biden —, Biden, areexpected, Benjamin Netanyahu, Lloyd Austin, Yoav Gallant, Netanyahu, Erik Kurilla, Israel, CNN’s Oren Liebermann Organizations: CNN, Israel, United, White, Israeli, Iran, US Central Command, US Locations: Israel, United States, Gaza, Delaware, Damascus, Syria, Iran, Tehran, Jordan

☆ Sirens and blasts sound across Israel after Iran launches drone attack
▼ + stars: | 2024-04-13 | by ( ) www.cnbc.com time to read: +3 min

Explosions are seen in the skies of the capital, following the attack from Iran in Tel Aviv, Israel on April 14, 2024. Iran launched a swarm of explosive drones and fired missiles at Israel late on Saturday in its first-ever direct attack on Israeli territory, risking a major escalation as the United States pledged "ironclad" backing for Israel. Sirens wailed and Reuters journalists in Israel said they heard distant heavy thuds and bangs from what local media called aerial interceptions of explosive drones. Israel's Channel 12 TV cited an unnamed Israeli official as saying there would be a "significant response" to the attack. British maritime security company Ambrey said in a statement that drones were also reportedly launched against Israel by Yemen's Iran-aligned Houthi group.

Persons: Joe Biden, Ambrey Organizations: United, Israel, Israel's, United Nations, Hamas, British, U.S Locations: Iran, Tel Aviv, Israel, United States, Iraq, Jordan, U.S, Damascus, Delaware, Gaza, Lebanon, Syria, Yemen, British, Egypt

☆ Trump Media director accused of 'hacking' files in attempted corporate 'coup': lawsuit
▼ + stars: | 2024-04-10 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

That blank-check company last month completed a merger to take Trump Media & Technology Group Corp. public, allowing it to trade on the Nasdaq. Those co-founders have sued Trump Media in Delaware Chancery Court over their stake in the company. Trump Media did not immediately respond to CNBC's requests for comment on the lawsuit. Trump Media in an April 1 regulatory filing reported that ARC II owns 6.9%, or about 9.5 million shares, of the post-merger company. To access the account, which "stores the lifeblood" of both investment firms, Swider allegedly enlisted Cano, Orlando's former assistant.

Persons: Donald Trump, Stefani Reynolds, Donald Trump's, Eric Swider, Patrick Orlando, Swider, Orlando, Alexander Cano, DWAC's, he's, Cano, Orlando's, Brendan Mcdermid Organizations: AFP, Getty Images Investment, Benessere Investment Group, ARC Global Investments, Digital, Swider, Trump Media & Technology Group Corp, Nasdaq, Trump, DWAC, Securities and Exchange Commission, Trump Media, Wired, Orlando, collude, ARC II, ARC, Benessere, Truth Social, Trump Media & Technology Group Locations: Washington ,, South Florida, Orlando, Florida, Delaware Chancery, New York City, U.S

☆ These 10 retail brands are the fastest growing in the U.S., Yelp says
▼ + stars: | 2024-04-10 | by ( Amelia Lucas | ) www.cnbc.com time to read: +6 min

Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to a new Yelp report. Of the 50 fastest-growing chains in Yelp's report, 35 were restaurant brands. Jack in the Box, First Watch and Dutch Bros were among the public restaurant chains included in the report, but they didn't crack the top 10. Popeyes' higher sales have encouraged franchisees to open more locations and led new operators to join the brand, Restaurant Brands executives have previously said. In 2023, Popeyes surpassed KFC as the second-most popular chicken chain in the U.S. by sales, trailing only Chick-fil-A.

Persons: Jack, Levi Strauss, Cava CAVA, Cava, Zachary Lucy, Scott Olson, Darden, Yum, Stephanie Dhue, Tim Hortons, Burger King, Randy Risling, Popeyes, Michael Siluk, Freddy's, Kyle Rivas, It's, Justin Sullivan Organizations: Dutch Bros, Publicly, Nordstrom, Costco, New York Stock Exchange, Pacific Coast League, Omaha Storm, Memphis Redbirds, AP, LongHorn, Getty, Darden, steakhouse, Parent, Yum Brands, Taco Bell, KFC, East, CNBC, Wawa, Toronto Star, Brands, Restaurant Brands, UCG, Thompson, Capital Partners, Rally House, Kansas City Chiefs, Tampa Bay Buccaneers, Subs Locations: U.S, Cava, Werner, Omaha , Nebraska, Nebraska, Skokie , Illinois, California, West, Wawa, Bethany Beach , Delaware, Philadelphia, It's, Louisiana, Lansing , Kansas, Kansas City , Missouri, Midwest, Pennsylvania, Arizona, Olive, Lincolnwood , Illinois, Jersey, Petaluma , California

☆ Things keep getting worse for Tesla
▼ + stars: | 2024-04-09 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Tesla might be facing another difficult quarter, Baird analysts warn. The carmaker reported a drop in its delivery numbers for the first time since 2020 last week. "We think Q1 results will be messy due to several one-time items and continue to believe Q2 estimates are likely still high," Kallo wrote, according to MarketWatch. "We speculate Tesla likely unveils both a robotaxi and a $25k vehicle," Kallo wrote. Tesla's stock dipped more than 5% on the day the delivery numbers were released and it's down more than 29% year to date.

Persons: Tesla, Baird, —, Robert W, Ben Kallo, Kallo, Elon Musk's, Musk, Tesla's Organizations: Service, MarketWatch, Bloomberg, Reuters, Tesla Locations: Delaware, Berlin

☆ Dali container removal will take weeks, a key to Port of Baltimore reopening
▼ + stars: | 2024-04-08 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

A Key Bridge Response 2024 Unified Command image of response crews remove shipping containers using a floating crane barge after the cargo ship Dali struck and collapsed the Francis Scott Key Bridge, on April 7, 2024 in Baltimore, Maryland. CSX was the first rail to start a rail service for diverted containers resulting from the accident and closure of the Port of Baltimore. Once the Dali is refloated and no longer listing, tugs will move the vessel to the CSX terminal at the Port of Baltimore. "Once you see plans of moving the Dali away from the port, that's when you know the channel is ready to be open," Roth said. The size of vessels the Coast Guard is allowing is 96 feet in length, compared to the 984-foot-long Dali, the vessel that struck the Francis Scott Key Bridge after losing navigational control and destroyed the key piece of infrastructure.

Persons: Dali, Francis Scott Key, JIC, Aaron Roth, Roth Organizations: Bethlehem Steel, Unified Command, Synergy Marine, U.S . Coast Guard, U.S . Army Corps of Engineers, Maryland Department of, Environment, Maryland Transportation Authority, Maryland State Police, Center, CNBC, Port, CSX, Coast Guard, Chertoff Group, Guard, Francis Scott Key Bridge, Department of Defense, Dover Air Force Base Locations: Baltimore , Maryland, Baltimore Harbor, Baltimore, Port of Baltimore

☆ Why 2024 will be a year of fits and starts for dealmaking on Wall Street
▼ + stars: | 2024-04-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Dealmaking is big business on Wall Street. That made Goldman responsible for nearly a third of the total global M&A advisory market last year. But there are fits and starts to today’s market. What do the fits and starts mean? I go back to fits and starts with good underlying trends that momentum builds, but it’s not going to be a straight line.

Persons: New York CNN —, Goldman Sachs, Goldman, Stephan Feldgoise, we’re, we’ve, it’s, Jamie Dimon, ”, Dimon, JPMorgan Chase Organizations: CNN Business, Bell, New York CNN, Retail, JPMorgan Chase, International Monetary Fund, Industries, Nvidia, Microsoft, JPMorgan, Software, New Locations: New York, Oregon, Michigan, Arizona , Delaware, Florida , Iowa , Massachusetts, Wyoming

☆ Powerball: A ticket sold in Oregon has won the nearly $1.33 billion Powerball jackpot
▼ + stars: | 2024-04-07 | by ( Dalia Faheid | ) edition.cnn.com time to read: +2 min

CNN —A Powerball ticket sold in Oregon has won the nearly $1.33 billion jackpot – the fourth-largest jackpot in the history of the game, according to Powerball. It’s now the eighth largest among US lottery jackpot games, Powerball said in a news release. The jackpot was previously won on New Year’s Day when a ticket in Michigan scored an $842.4 million jackpot. The largest Powerball jackpot – and the largest US lottery prize – ever won was $2.04 billion by a ticket purchased in California in November 2022, according to the lottery. Winning the Powerball jackpot means a ticket matched all five white balls plus the red Powerball.

Persons: It’s, – Organizations: CNN, Powerball, New, of Columbia, Virgin Islands Locations: Oregon, Arizona , Delaware, Florida , Iowa , Massachusetts, Michigan, Wyoming, California, of Columbia , Puerto Rico, Virgin, Tallahassee , Florida

☆ Sanofi to settle 4,000 Zantac cancer lawsuits in US state courts
▼ + stars: | 2024-04-05 | by ( ) edition.cnn.com time to read: +3 min

Sanofi has reached an agreement in principle to settle 4,000 US lawsuits linking the discontinued heartburn drug Zantac to cancer, the company said on Wednesday. Sanofi still faces about 20,000 lawsuits over Zantac in Delaware state court. That judge concluded that the opinions of the plaintiffs’ expert witnesses that Zantac can cause cancer were not supported by sound science. “We are pushing forward aggressively against GSK and Boehringer Ingelheim and are preparing for multiple trials in California state court this year,” Moore said. Lawsuits began piling up from people who said they developed cancer after taking Zantac.

Persons: Sanofi, “ Sanofi, Boehringer, Boehringer Ingelheim, Jennifer Moore, Brent Wisner, ” Moore, Zantac, ranitidine Organizations: Court, Sanofi, GSK, Pfizer, Boehringer, US Food and Drug Administration Locations: Delaware, Zantac, Wilmington, Florida, California

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