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☆ US State Dept OKs potential sale to Australia of HIMARS for $975 mln - Pentagon
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Aug 18 (Reuters) - The U.S. State Department has approved a possible sale to Australia of M142 High Mobility Artillery Rocket Systems (HIMARS) for $975 million, the Pentagon said on Friday. The principal contractors will be Lockheed Martin (LMT.N), L3Harris (LHX.N), Leonardo DRS, and Oshkosh (OSK.N), the Pentagon said in a statement. Reporting by Paul Grant and Kanishka SinghOur Standards: The Thomson Reuters Trust Principles.

Persons: Lockheed Martin, Leonardo, Paul Grant, Kanishka Singh Organizations: U.S . State Department, High, Artillery Rocket Systems, Pentagon, Lockheed, Leonardo DRS, Thomson Locations: Australia, Oshkosh

Moscow's actions have deprived many foreign investors of the ability to trade in Russian securities, including depositary receipts. Investors are worried about future copycat actions by other governments who might look to reduce foreign influence over their leading companies. Depositary receipts, or DRs, are certificates issued by a bank representing shares in a foreign company traded on a local stock exchange. But events in Russia have forced many investors to write down the value of depositary receipts of Russian companies to zero, given their inability to trade them. CONSEQUENCESLoss of confidence in DRs could drain needed foreign capital from firms in emerging economies, for instance.

Persons: Dado Ruvic, Peter C, Earle, Christopher Day, Michael Ashley Schulman, Goldman Sachs, III, Detsky Mir, Goldman, Otkrytie, Schulman, Grzegorz Drozdz, Malcolm Dorson, Sinead Cruise, Carolina Mandl, David Gregorio Our Organizations: REUTERS, Global, American Institute for Economic Research, Reuters, Citigroup, Companies, Citi ., Reuters Graphics, DR, Investors, Doliver Advisors, Running, Capital Advisors, Conotoxia, Russian, Thomson Locations: Moscow, Ukraine, Brazil, China, Russia, GDR, GDRs, United States, Britain, London, Carolina, New York

☆ Max Verstappen one win away from another F1 record after eighth race victory in a row at Belgian GP
▼ + stars: | 2023-07-30 | by ( Ben Morse | ) edition.cnn.com time to read: +1 min

CNN —Max Verstappen is now within one race from another Formula One record after winning his eighth race in a row at the Belgian Grand Prix on Sunday. The dominant victory was his 10th of the season and his eighth in a row. The record for the most consecutive race wins is held by Sebastian Vettel with nine. Dan Mullan/Getty ImagesAt one point during the race, Verstappen felt so comfortable that he even suggested he do a pit stop practice. “I could also push on and do another stop – a bit of pit stop practice,” Verstappen could be heard saying to his team on their radio.

Persons: Max Verstappen, Verstappen, Red, Sergio Pérez, Charles Leclerc, Sebastian Vettel, Red Bull, “, ”, – Sunday’s, Dan Mullan Organizations: CNN, Belgian, Prix, Red, Sky Sports, DRS

According to JPM's circular, the shares currently unaccounted for are estimated to be less than 1% of the shares held in custody at another financial institution. This meant Deutsche was unable to reconcile the company shares held at another custodian bank with the depositary receipts on its own books. The Bank of Russia did not immediately respond to a request for comment on JP Morgan's search for the potentially missing Magnit shares. More than 60% of Magnit's shares are free-float, with shareholders including major global asset managers, Refinitiv data shows. When first announcing the plans, Magnit said its voluntary tender offer was also addressed to JPM, regarding shares held in its DR program custody account.

Persons: Morgan Chase, Mike Segar, Morgan, JPM, Deutsche, Russia's, Magnit, Sinead Cruise, Alexander Marrow, Jane Merriman Organizations: Co, New York City, REUTERS, Reuters, Deutsche Bank, Deutsche Bank . Lawyers, Deutsche, Bank of Russia, Settlement Depository, NSD, Kremlin, Thomson Locations: New York, Ukraine, Moscow, Russian, Krasnodar, Russia, Uzbekistan, Euroclear

☆ Clearstream suspends processing of new Russian share conversions after EU sanctions
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +2 min

June 29 (Reuters) - European clearing giant Clearstream has suspended processing new client instructions to convert or cancel their American and Global Depository Receipt holdings in Russian companies after the latest round of European Union sanctions against Moscow. Investors globally are facing challenges in recovering stranded Russian investments in a saga that is spilling over to implicate Western depositories. Deutsche Bank (DBKGn.DE) has told clients it can no longer guarantee full access to Russian stocks that belong to them. Clearstream previously halted DR conversions in June 2022, only to resume processing in October. "The new rules quite strictly limit the conditions for the conversion of Russian securities for residents and citizens of the European Union," Grzegorz Drozdz, market analyst at investment company Conotoxia said.

Persons: Western, Clearstream, Grzegorz Drozdz, Conotoxia, Alexander Marrow, Sinead Cruise, Emelia Sithole Organizations: Global, Union, Moscow, Deutsche Bank, Deutsche, EU, Clearstream Banking, European Union, Thomson Locations: Russia, Europe

The shares have been held in Russia by a different depositary bank. DRs are certificates issued by a bank representing shares in a foreign company traded on a local stock exchange. Swapping DRs for shares in the Russian company is a first step towards an effort to recover their money. Deutsche Bank is now allowing investors to swap DRs for shares as part of its plans to exit all Russia business, one source said. JPMorgan & Chase (JPM.N), Citigroup (C.N) and BNY Mellon (BK.N) act as depositary banks for most other Russian depositary receipt programs, according to Clearstream.

Persons: Mechel, underscoring, Irina Tsukerman, Grigory Marinichev, Morgan Lewis, BNY Mellon, Sinead Cruise, Alexander Marrow, Elisa Martinuzzi, Megan Davies, Hugh Lawson Organizations: Moscow LONDON, Deutsche Bank, Reuters, Deutsche, Aeroflot, LSR, Novolipetsk, The Central Bank of Russia, Depository, JPMorgan, Chase, Citigroup, BNY, Commission, Control, Foreign Investments, Thomson Locations: Moscow, Ukraine, Russia, Russian, Washington, London, Carolina, New York

☆ TipRanks reveals the top 10 Wall Street industrial sector analysts
▼ + stars: | 2023-06-18 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

TipRanks used its Experts Center tool to find the analysts sporting a high success rate. TipRanks' algorithms calculated the statistical significance of each rating, analysts' overall success rate, and the average return. Top 10 analysts from the consumer goods sectorThe image below shows the most successful Wall Street analysts from the industrial goods sector. The buy recommendation generated a return of 134.8% from May 14, 2020 to May 14, 2021. Christopher Glynn - OppenheimerChristopher Glynn has the 10th spot on the list, with a success rate of 60%.

Persons: CARR, Spencer Platt, TipRanks, Kenneth Herbert, Herbert, Leonardo, Stephen Volkmann, Jefferies Stephen Volkmann, Parker Hannifin, Seth Weber, Weber, Benoit Poirier – Desjardins Benoit Poirier, Keith Hughes, Stanley Elliott, Stifel Nicolaus, Andrew Kaplowitz, Julian Mitchell –, Julian Mitchell, Mitchell, Gautam Khanna —, Cowen Gautam Khanna, Christopher Glynn, Oppenheimer Christopher Glynn Organizations: New York Stock Exchange, Getty, RBC, Leonardo DRS, DRS, Wells, Herc Holdings, TFI, Truist, Caterpillar, Citi Citigroup, Julian Mitchell – Barclays, Barclays, Carrier, Johnson Locations: New York City, Wells Fargo Wells, Symbotic, Generac

☆ Rahane helps India hang tough against Australia onslaught
▼ + stars: | 2023-06-09 | by ( Pritha Sarkar | ) www.reuters.com time to read: +3 min

Australia will be eager to tighten their grip on the match as they lead India by 196 runs, with Usman Khawaja batting on 13 along with Marnus Labuschagne on eight. While Thakur lived dangerously, Rahane went about rescuing India's hopes with his mix of delectable shot selection in the 109-run partnership for the seventh wicket. While he fell 11 runs short of scoring a century in the second over after lunch, the 35-year-old crossed 5000 test runs during his 129-ball knock which included 11 fours and a six. Following Rahane's departure, Thakur steered India past the follow-on target before bringing up his 50 with a sumptuous four. Blinking rapidly, he hurriedly grabbed his bat to make his way to the crease and made sure Australia reached tea without losing any further wickets.

Persons: Pat Cummins, Usman Khawaja, Marnus Labuschagne, Ajinkya Rahane, Shardul Thakur, Scott Boland, Srikar, Bharat, Thakur, Cummins, Cameron Green, Rahane, India's, Alex Carey, Rohit Sharma's, Umesh Yadav, Mohammed Shami, Labuschagne, David Warner, napping, Warner, Pritha Sarkar, Ken Ferris, Toby Davis Organizations: India, Australia, DRS, Cummins, ICC, WTC, Thomson Locations: India, Australia, London

☆ A body odor buffet reveals which scents attract mosquitoes
▼ + stars: | 2023-05-19 | by ( Kate Golembiewski | ) edition.cnn.com time to read: +7 min

CNN —Anyone who has spent a summer evening swatting away mosquitoes, or a summer day scratching mosquito bites, can agree: Mosquitoes stink. In a scientific report published Friday, scientists helped pinpoint the different chemicals in body odor that attract these insects by building an ice-rink size testing arena and pumping in the scents of different people. Hundreds of mosquitoes in the main 20-by-20-meter facility were then treated to a buffet of the sleeping subjects’ scents. The researchers found what many who have been on a picnic would attest to: Some people attract more mosquitoes than others. (Vosshall said that even scrubbing with unscented soap doesn’t get rid of the natural scents that attract mosquitoes.)

☆ Face masks are still a good idea at the doctor’s office, study says
▼ + stars: | 2023-05-15 | by ( Jen Christensen | ) edition.cnn.com time to read: +5 min

But they remain in many medical offices, and a study published Monday says they might still be a good idea. The study, published in the journal the Annals of Internal Medicine, also found that there wasn’t a significant difference in protection between surgical masks and N95 respirators in a health care setting. Because gold standard evidence about their protectiveness is not available, they say, masks for patients and health care personnel should be considered a good safety measure. Lab studies show that surgical masks and respirators are good at limiting the spread of aerosols and droplets from people who are sick with the flu, coronaviruses and other respiratory viruses. “We all realize the importance and utility of a mask,” Madad said.

☆ US debt ceiling: How to trade off it
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +5 min

BlackRock says (BLK.N) it's been buying Treasuries in anticipation of an economic slowdown and a protracted debt ceiling fight. 2/ RAINY DAY DEFAULT PROTECTIONCredit default swaps (CDS), which work like insurance against a debt default, are seeing strong demand. "If debt ceiling concerns grow we think markets will price in more Fed rate cut expectations, which means 5-year yields would fall," said Miyairi. 5/ ALL THAT GLITTERSDeutsche Bank strategist Robin Winkler says a good hedge may be buying gold against the dollar, as it has the tightest relationship with newsflow around the debt ceiling. In August 2011, as a debt ceiling crisis prompted a U.S. credit rating downgrade, gold rose 11% that month alone.

☆ SES's first-quarter results beat expectations as it progresses on projects
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

May 4 (Reuters) - Satellite firm SES (SESFg.LU) on Thursday reported first-quarter earnings above market expectations, and said it is on track to deliver on its full-year outlook. It also confirmed its schedule for both the O3b mPOWER and U.S. C-band projects. One of the world's biggest commercial satellite operators, the Luxembourg-based company said first-quarter adjusted core earnings (EBITDA) fell 3.2% year-on-year to 265 million euros ($293.57 million), but that still above 255 million euros seen in a company-compiled consensus. "Solid EBITDA performance underscores our continued focus on execution across the business," Chief Executive Steve Collar said in the earnings statement. SES' quarterly revenue grew 9.6% to 490 million euros, slightly above the 484 million euros expected by analysts, driven by contribution from its DRS GES acquisition.

☆ Team by team analysis of the Azerbaijan Grand Prix
▼ + stars: | 2023-04-30 | by ( ) www.reuters.com time to read: +4 min

He passed Leclerc for the second time at the safety car restart on lap 14. He went side by side with Russell in the pitlane during the safety car and was passed by Hamilton on lap 20. Hamilton started fifth but pitted a lap before the safety car was deployed, dropping to 10th. Leclerc, second in the Saturday sprint, started on pole position and took his team's first podium finish of the season. Norris started seventh, lost out when he pitted before the safety car but managed to pass Hulkenberg to move into the points.

☆ Sergio Perez wins sprint race at Azerbaijan Grand Prix as Max Verstappen and George Russell argue on track
▼ + stars: | 2023-04-29 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

Behind them, Perez’s teammate Max Verstappen came to blows with Mercedes’ George Russell in the first three corners of the race as Russell overtook Verstappen before the Red Bull’s pace told later on and the Dutchman reclaimed his podium spot. “No, it’s not clarified,” Verstappen said afterwards, according to F1, when asked about his talk with Russell. Cameras captured Max Verstappen and George Russell's heated exchange. I’m not just going to wave him by because he’s Max Verstappen in a Red Bull. Once racing resumed on the sixth lap, Perez enabled his DRS and cruised past Leclerc in a further display of just how much extra pace the Red Bull carries.

☆ Taiwan has to improve its defenses through its own will: Ex-U.S. deputy secretary of defense
▼ + stars: | 2023-04-14 | 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 EmailTaiwan has to improve its defenses through its own will: Ex-U.S. deputy secretary of defenseBill Lynn, Leonardo DRS CEO and former U.S. deputy secretary of defense, discusses U.S.-China ties and Taiwan tensions.

☆ Pentagon leak is "devastating" for U.S. allies, former U.S. Deputy Secretary of Defense says
▼ + stars: | 2023-04-14 | 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 EmailPentagon leak is "devastating" for U.S. allies, former U.S. Deputy Secretary of Defense saysBill Lynn, Leonardo DRS CEO and former U.S. deputy secretary of defense explains the impact of the Pentagon leak that has stunned the U.S. government and its allies.

Bill Clark | CQ-Roll Call Group | Getty ImagesAn embarrassing leak of highly classified Pentagon documents has endangered intelligence methods, exposed American strategy and undermined trust among U.S. allies, former defense department officials and intelligence experts tell CNBC. America's control over its most valuable secrets has been thrust into question amid the fallout from the most damaging intelligence leak since Edward Snowden's breach more than a decade ago. 'Devastating' for American alliesThe major security breach also contained intelligence gathering on American allies, including South Korea and Israel. "Our allies can't trust us … That's why the Middle East, they're talking to the Chinese. one American defense industry executive told CNBC, speaking anonymously due to professional restrictions.

☆ Team by team analysis of the Australian Grand Prix
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +4 min

ASTON MARTIN (Fernando Alonso 3, Lance Stroll 4)Alonso's third third-place finish in three races for the team he joined this season from Renault-owned Alpine. The Spaniard started fourth, dropped to fifth but was third by the second red flag. Russell pulled up with his car flaming at the rear on lap 18, triggering a virtual safety car. He had fought back from 11th after pitting during the second safety car period, just before the first red flag. The German was fourth at the final red flag but the positions were reset to the previous grid because no sector had been completed.

☆ This Isn't What Millennial Middle Age Was Supposed to Look Like - The New York Times
▼ + stars: | 2023-03-14 | by ( Jessica Grose | ) www.nytimes.com time to read: +25 min

Things have been difficult for her family, she says, but one thing she isn’t worried about: a midlife crisis, looming just over the horizon. One of our questions was about whether they had experienced a midlife crisis and how they would define the term. Many people said they felt they couldn’t be having a midlife crisis, because there was no bourgeois numbness to rebel against. “Who has midlife crisis money?”The traditional midlife crisis, as presented in popular culture, at least, unfolds amid suburban ennui. We just increase our Lexapro.”Was the midlife crisis ever even real?

☆ Formula One rewrites the rule on shortened races
▼ + stars: | 2023-02-21 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

LONDON, Feb 21 (Reuters) - Formula One has rewritten a rule to ensure reduced points are given for shortened races after Red Bull's Max Verstappen clinched his second title in confusing circumstances last October. A statement of key decisions -- to be rubber-stamped by the FIA's World Motor Sport Council -- included a change of wording "to ensure that shorter races have reduced points even if they don’t finish with a suspended race." It turned out to be full points, enough for Verstappen to clinch the title with four races to spare. The FIA explained at the time that the reduced points rule only applied to grands prix that were suspended and could not be resumed. The meeting was chaired by Formula One Chief Executive Stefano Domenicali and FIA single-seater director Nikolas Tombazis.

☆ 2023 Zero DSR/X: An ‘Adventure’ Bike That’s More Appropriate for Commuters
▼ + stars: | 2022-12-10 | by ( Dan Neil | ) www.wsj.com time to read: 1 min

LOST WEEKEND The 2023 Zero DSR/X is the California-based company’s dual-sport variant, set up for on-road and soft-road terrain. The DRS/X has a stated highway range of 85 miles (at 70 mph) and up to 180 miles in the city. WHEN THE representative for Zero Motorcycles pinged to ask if I wanted to ride their new trail-ready electric motorcycle, the DSR/X, he had me at hello. I’ve been watching a lot of solo winter camping videos on YouTube, with growing envy. The Zero offer sounded like they were asking if I wanted to drop everything, pack a tent and ride off into the sunset.

☆ Biden’s granddaughter Naomi ties knot in White House wedding
▼ + stars: | 2022-11-19 | by ( The Associated Press | ) www.nbcnews.com time to read: +6 min

It’s the first White House wedding with a president’s granddaughter as the bride, and the first one ever on the South Lawn. Naomi Biden walks to the White House in Washington, D.C. with first lady Jill Biden and President Joe Biden on Oct. 11, 2021. The couple, who have been living at the White House, was set up by a mutual friend about four years ago in New York City and have been together ever since, the White House said. The White House announced the wedding in a statement following the small, private wedding in the Rose Garden. The White House Correspondents Association, which advocates for press access to the White House and the president, said it was “deeply disappointed” that the White House declined its request for press coverage of Naomi Biden’s wedding.

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