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☆ These five stocks are primed for upside, including this alternative to Nvidia, Morgan Stanley says
▼ + stars: | 2024-06-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Morgan Stanley analysts named a slate of stocks this week they think are too attractive to ignore. CNBC Pro combed through Morgan Stanley research to find stocks that are primed for growth this summer. They include Apple, Toast, Broadcom, Arista Networks and Coca-Cola. Toast "Toast demonstrated its Vertical technology leadership, detailing its ability to efficiently gain share and monetize against an expanding opportunity. … New geographies, new verticals, new products, and increasing monetization across software and FinTech, underscore the compelling growth opportunity for Toast in the years ahead.

Persons: Morgan Stanley, Joseph Moore, Moore, Josh Baer, Baer, Meta Marshall, Marshall, … Arista, … Organizations: CNBC, Apple, Broadcom, Arista Networks, VMware, Breed, Arista Networks Arista, Arista

☆ The good economic news this week was just that … good news
▼ + stars: | 2024-06-15 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

CNN —“Good news is bad news” has been a common refrain for a while now. When economic reports are released that are solid, they have all too often been clouded with concerns that good news for the economy actually means a longer wait before the Federal Reserve rolls out rate cuts. Inflation as measured by the Consumer Price Index cooled more than expected in May, with prices holding flat on the month for the first time since July 2022. The markets don’t seem to be buying the one-cut plan, especially after the Producer Price Index on Thursday showed that wholesale prices fell from April to May and the BLS’ Import and Export Price Index showed that US imports prices fell 0.4% in May after rising 0.9% in April. And more good news is likely on the way this next week and later this month, Brusuelas said.

Persons: CNN —, ”, Joe Brusuelas, —, ” Brusuelas, spoilsport, Price, ” Chris Rupkey, “, ” Rupkey, Brusuelas Organizations: CNN, Federal Reserve, RSM US, New York Fed, National Federation of Independent, Consumer, Index, BLS, Price, FwdBonds, CPI, PPI

☆ US Navy warships are stuck in a Red Sea battle they can't fight forever
▼ + stars: | 2024-06-15 | by ( Jake Epstein | ) www.businessinsider.com time to read: +11 min

Components of the Dwight D. Eisenhower Carrier Group steam in formation with the Italian navy in the Red Sea on June 7. A fighter jet parks on the deck of the USS Dwight D. Eisenhower in the Red Sea on June 11. Elements of the Eisenhower strike group have already left the Red Sea once to be rearmed and resupplied, and the Pentagon recently extended its monthslong deployment for a second time. A fighter jet is launched from the USS Dwight D. Eisenhower during a strike against Houthi military targets in Yemen on Feb. 3. A commercial ship in the Red Sea in March.

Persons: —, they've, Dwight D, Navy Carlos Del Toro, What's, Eisenhower, Bernat, National Intelligence Avril Haines, Joseph Votel, John Kirby, Jorge LeBaron, Haines, Biden, Brian Finucane, Finucane, Votel, Mohammed Hamoud, That's, Nadimi Organizations: Service, US Navy, Business, Washington, Eisenhower Carrier Group, Eisenhower Carrier Strike, Ike, Navy, Pentagon, US Central Command, AP, National Intelligence, White House National Security Council, BI, Handout, US, Crisis, US State Department, Screengrab, Ministry of Defense, Defense Intelligence Agency, Galaxy Leader, The Washington Institute for Near East Locations: Gulf of Aden, Yemen, Saudi Arabia, Israel, Western, Africa, Gaza, Persian, Bab, Red

☆ People are delaying buying new cars, creating a deflationary 'spiral' that's bad news for the auto industry
▼ + stars: | 2024-06-15 | by ( Nora Naughton | ) www.businessinsider.com time to read: +1 min

Delayed purchases can lead to a "deflationary spiral" for the automotive industry. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . High interest rates remain a big deterrent for many car shoppers, and price volatility has some car shoppers delaying their purchases in hopes they can get an even better deal in a month or two. That's creating a big problem for the automotive industry, according to one economist. This story is available exclusively to Business Insider subscribers.

Persons: —, It's Organizations: Service, Business

☆ Nelson Peltz’s Trian has a stake in Rentokil. Here’s how the activist might boost shareholder value
▼ + stars: | 2024-06-15 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Rentokil offers a complete range of pest control services, from rodents to flying and crawling insects, to other forms of wildlife management. Trian, managed by Nelson Peltz, takes very few positions, but is very active in its positions. Rentokil Initial is a United Kingdom-based global provider of pest control, hygiene and well-being services for residential, commercial and industrial customers. However, when it has engaged with UK companies, the firm has consistently been able to create shareholder value. Shifting the listing to the U.S. is the low-hanging fruit of value creation and potentially divesting the European business could create additional value.

Persons: It's, Trian, Nelson Peltz, Peltz, Rentokil, Janus Henderson, Ferguson, Ecolab, Rio, Pearson, Ken Squire Organizations: Rentokil's, Unilever, Ferguson, New York Stock Exchange, Rollins, Janus, 13D Locations: United Kingdom, North America, Europe, Saharan Africa, France, U.S, Pentair, London, Rio Tinto, New York

☆ My husband was a stay-at-home dad for a year. I learned about the double standards that exist for working dads and moms.
▼ + stars: | 2024-06-15 | by ( Marylou Costa | ) www.businessinsider.com time to read: +6 min

The financial freedom to have just one parent working for an entire year is not something I have taken lightly. That's why, when my husband made the choice to be a stay-at-home dad, I didn't want to just be unavailable all day, buried in work. MaryLou Costa pitched in while her husband was a stay-at-home dad. Courtesy MaryLou CostaI learned a lot about double standards while my husband was a stay-at-home dadWhile my husband was a stay-at-home dad, it opened my eyes to double standards. It's something dads are often congratulated for, yet it's expected of working moms.

Persons: wasn't, it's, We've, —, we're, We're, MaryLou Costa, Costa, we've, MaryLou, Costa It's, that's Organizations: Service

☆ Cocoa prices are soaring. Candy makers will need to get creative
▼ + stars: | 2024-06-15 | by ( Amelia Lucas | ) www.cnbc.com time to read: +7 min

Prices of cocoa have more than tripled over the last year, creating a big headache for candy makers and other food companies that use the ingredient to make chocolate. The price surge has since eased off slightly, but the crop is still commanding well above what food companies are used to paying. This season's cocoa crop is expected to experience the largest deficit in at least six decades, according to a Rabobank report from May. A YouGov survey conducted in October found that 72% of U.S. respondents had noticed shrinkflation in food products. J&J Snack Foods CEO Daniel Fachner has been keeping an eye on cocoa and chocolate prices.

Persons: Ferley Ospina, Hershey, Kinder, Ferrero, they'll, Steve Rosenstock, Mondelez, shrinkflation, Daniel Fachner, Fachner, Justin Sullivan, Nik Modi, Modi, shea, Rosenstock Organizations: Bloomberg, Getty, Cadbury, Clarkston Consulting, Rabobank, Reuters, Mondelez, Consumers, Snack, CNBC, RBC Capital, Jumbo Locations: Ragonvalia, Norte de Santader, Colombia, . West Africa, Ghana, U.S, Novato , California, West

☆ Travelers are going to extreme lengths to avoid scrolling and notification anxiety on vacation
▼ + stars: | 2024-06-15 | by ( Sarah Wood | ) www.businessinsider.com time to read: +7 min

Related storiesAccording to Cappel, their first two trips were filled, and all guests expressed interest in another "phone-free" trip. AdvertisementShe acknowledged that tech-free travel hasn't become completely mainstream, "People are still a little intimidated by the idea." The reasons for going phone-free when traveling varyOne popular motivation is for couples to spend quality time with their partners. Phone-free travel can also help with burnoutLast summer, nonprofit strategist Izzy Doonan did a tech-free week-long trip in the Cascades with her partner and another couple. FTLO provides the trip leaders' phone numbers and full itineraries with contact information to travelers to share with whoever might need it.

Persons: —, they're, Hector Hughes, Hughes, Tara Cappel, We're, Cappel, haven't, it's, Elena Mnayarji, Elena, Izzy Doonan, Doonan, wasn't, Mnayarji Organizations: Service, Business, Pew Research Center, Group, Berkeley, Logistics Locations: Thailand, Scottish, Mallorca, FTLO

☆ Eight Israeli soldiers killed in Gaza in one of the deadliest single incidents for Israeli forces since October 7
▼ + stars: | 2024-06-15 | by ( Lauren Izso | Ibrahim Dahman | ) edition.cnn.com time to read: +2 min

CNN —Eight Israeli soldiers were killed in southern Gaza on Saturday, the Israel Defense Forces says, in one of the deadliest single incidents involving its troops since October 7. Ahmed Radwan, the media officer of Rafah Civil Defense, said they had received appeals to collect bodies and the injured but it was difficult for civil defense crews to access the area. Elsewhere, at least 14 people were killed, including seven children, in Israeli strikes on central Gaza, the Civil Defense Directorate in Gaza said. The conflict in Gaza began after the Hamas attacks of October 7, which killed around 1,200 people. Since then at least 37,296 people have been killed in Israel’s offensive in Gaza, according to the latest figures from the Ministry of Health in Gaza.

Persons: Al Qassam, “, Israel Katz, ”, Ahmed Radwan Organizations: CNN, Israel Defense Forces, IDF, Al, Al Qassam Brigades, Rafah Civil Defense, Hamas, Civil Defense, Ministry of Health Locations: Gaza, Tal al, Rafah, ”, Israel

☆ Germany sets aside unease over its military to celebrate first Veteran’s Day
▼ + stars: | 2024-06-15 | by ( Sophie Tanno | Nadine Schmidt | ) edition.cnn.com time to read: +6 min

CNN —Germany is marking its first Veterans’ Day since World War Two on Saturday, a once unthinkable move that sets aside long-standing unease over the honoring of its soldiers. “We on the left reject this Veterans’ Day,” he told CNN in a statement. The commemorations, modeled on Armed Forces Day in the UK and Veterans Day in the US, will honor all Germans who have worn military uniform – not only those wounded or killed in combat. But the biggest spur to creating a Veterans’ Day has been Ukraine. He played a prominent role in forming the new Veterans’ Day bill.

Persons: Ates Gürpinar, ”, “, Boris Pistorius, ” Johannes Kiess, Johannes Arlt, Arlt, ” Arlt, Andreas Eggert, ” Eggert, Andreas Eggert “, Pistorius, Stefan Huss Organizations: CNN, Veterans ’, Veterans, Linke, Armed Forces Day, UK, Defense, National People’s Army, Bundeswehr, University of Leipzig, Social Democrats Locations: Germany, ”, Ukraine, Soviet, East Germany, Kosovo, Afghanistan, Mali, Berlin, Europe

Many forms of help are tied to the federal poverty line, which is calculated using a formula that has largely not been updated since the 1960s. The poverty line is calculated in an outdated wayThe current federal poverty line for the 48 contiguous states and Washington, DC, is $15,060 a year for one person, $20,440 for a family of two, and $31,200 for a family of four. Courtesy of Melissa HeddenMuch of the resistance to changing the federal poverty line could stem from the government's desire not to inflate the number of people in poverty overnight. AdvertisementRep. Kevin Mullin, a Democrat from California, has introduced legislation — called the Poverty Line Act— that would modernize the federal poverty line, taking into account actual costs of goods and how prices differ across regions. Do you make above the poverty line but not enough to meet your daily needs?

Persons: —, Jason Hopkins, Hopkins, he's, He's, doesn't, ALICE —, Nyx, Beth Jarosz, Kyle Ross, ALICE, Mollie Orshansky, Jarosz, Stephanie Hoopes, United For ALICE, they've, Melinda Binkley, Ryan Arbuckle, Louis, Oleg Parubin, Parubin, Melissa Hedden, Melissa, Ross, Biden, Kevin Mullin, Mullin, Michael Tubbs, Tubbs Organizations: Service, Business, America, Center for American Progress, Bureau of Labor Statistics, of Health, Human Services, Assistance, Women, Children, United For, SNAP, Bills, Senate Locations: Illinois, Washington, DC, Stillwater , Minnesota, St, Manhattan, Airbnbs, North Carolina, California, Stockon , California, Illinois —

☆ I stayed at an all-inclusive Margaritaville for $350 a night. I left convinced it's the best resort in Mexico — and I'm not even a Jimmy Buffett fan.
▼ + stars: | 2024-06-15 | by ( Simone Paget | ) www.businessinsider.com time to read: +1 min

I'm not really a Jimmy Buffett fan, but Margaritaville Cancún is my favorite all-inclusive resort. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI've never really been a fan of Jimmy Buffett's music, and the late musician's Margaritaville hotels and restaurants have always struck me as a little cheesy. This story is available exclusively to Business Insider subscribers.

Persons: I'm, Jimmy Buffett, —, I've, Jimmy Buffett's Organizations: Service, Marriott, Business Locations: taco, Carretera Tulum, Hyatt

☆ What Mitch McConnell's truce with Trump means
▼ + stars: | 2024-06-15 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Read previewFormer President Donald Trump and Senate Minority Leader Mitch McConnell have decided to play nice, again. According to reports at the time and since then, the longest-serving GOP Senate leader came close to voting to convict Trump of inciting the violence. Now, the longest-serving Senate leader in history, McConnell has said he will step down from the role after the election. AdvertisementAmid his pique, Trump pushed Sen. Rick Scott of Florida to challenge McConnell for the right to lead Senate Republicans. "Well, as the Republican leader of the Senate, it should not be a front-page headline that I will support the Republican nominee for president," McConnell said.

Persons: —, Donald Trump, Mitch McConnell, Trump, Kevin McCarthy, McConnell, McCarthy, Alex Burns, Jonathan Martin's, Biden, Sen, Mitt Romney, @realDonaldTrump, Ky, Tim Scott, Doug Mills, There's, Axios, he's, Marjorie Taylor Greene, Elaine Chao, Chao, Joe Biden, Rick Scott of, 5Z2RX4DTbI — Jonathan Swan, Jonathan Swan Organizations: Service, Capitol, Business, America's, Republican, GOP, Politico, National Republican, Democratic, Trump, US, Republicans, Senate GOP, Labor Locations: Trump, Utah, Milwaukee, Ukraine, Israel, Taiwan, Montana and Ohio, Georgia, Rick Scott of Florida

☆ Taylor Swift's longtime ex-boyfriend Joe Alwyn breaks his silence a year after their split, asks for empathy
▼ + stars: | 2024-06-15 | by ( Lauren Edmonds | Katie Balevic | ) www.businessinsider.com time to read: +1 min

Joe Alwyn spoke about his relationship with Taylor Swift to The Sunday Times. Swift and Alwyn dated for six years before breaking up in 2023. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJoe Alwyn, speaking openly about his breakup with Taylor Swift for the first time, urged fans to have some empathy. Alwyn, 33, and Swift, 34, dated for six years before their split in April 2023.

Persons: Joe Alwyn, Taylor Swift, Alwyn, Swift, —, Swifties Organizations: Sunday Times, Service, Department Locations: London

CNN —Six people have died from heatstroke during the Hajj pilgrimage to Mecca, amid warnings from Saudi officials that temperatures during the annual gathering could reach 48 degrees Celsius (118 degrees Fahrenheit) this year. More than 1.8 million people are taking part in Hajj this year, according to the Saudi General Authority for Statistics. The Hajj is one of the biggest religious gatherings in the world and the largest annual event in Saudi Arabia. This year, Saudi Arabia is expected to experience extreme heat over the five-day pilgrimage, with temperatures reaching 48 degrees Celsius (118 degrees Fahrenheit) in Mecca. A Muslim pilgrim splashes water on his head to cool off at the base of Saudi Arabia's Mount Arafat during the Hajj pilgrimage on June 15, 2024.

Persons: Mount Arafat, Ramadan, Fadel Senna, Muhammad Al, Abdulaali, Jordan, Hajj – Organizations: CNN, Saudi, Saudi General Authority, Statistics, Getty Locations: heatstroke, Mecca, Jordanian, Jeddah, Jordan, Arafat, Saudi Arabia, Hajj, Saudi, AFP

☆ Investors are hoarding cash, a tidal wave of non-tech earnings is quietly rising, and 3 other fascinating takeaways from JPMorgan Asset Management's mid-year outlook
▼ + stars: | 2024-06-15 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Since then, those technology titans have crushed the rest of the market in earnings growth and returns. By contrast, the other 493 stocks in the S&P 500 saw their earnings fall in 2023. The firm is calling for 17% earnings growth in the fourth quarter, both for stocks in and out of the Magnificent 7. All 11 market sectors will enjoy earnings growth in Q4 for the first time since Q2 of 2021, according to JPMAM's projections. That includes healthcare, energy, and materials, which saw earnings decline earlier this year.

Persons: Tesla, Stocks, Santos, JPMAM Organizations: Asset Management, Apple, Meta, Microsoft, Nvidia

☆ A famed economist who called the 2008 recession shares 3 ways stocks resemble some of the biggest bubbles in history — and warns 2 'bona fide' recession signals showed up in May's jobs data
▼ + stars: | 2024-06-15 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Investors are currently reveling in the 'better', as an ongoing eight-month melt-up once again pushed the S&P 500 to fresh highs this week. But sooner or later, the 'worse' will come, warns David Rosenberg, the founder of Rosenberg Research, who famously called the 2008 recession while working as Merrill Lynch's chief economist. AdvertisementAnother sign the market is out over its skis is the performance divergence between the market cap-weight and the equal-weighted S&P 500 indexes. On June 12, the Dow underperformed the S&P 500 by 0.94%, one of only 71 trading days since 1982 where that's happened, according to Rosenberg's technical analysis consultant, Walter Murphy. AdvertisementIn addition to concerning market technicals, fundamentals could also be in a troubling place in the form of labor market weakness, Rosenberg said.

Persons: —, David Rosenberg, Merrill Lynch's, Rosenberg, Bob Farrell, Walter Murphy, Murphy, — Rosenberg, it's, Louis Fed, Piper Sandler Organizations: Service, Rosenberg Research, Business, Tech, Dow Jones, Dow, Nvidia, Microsoft, Apple, Federal Locations: lockstep

☆ 3 Supercommuters who travel across multiple states for work share how they manage it and why it's worth it
▼ + stars: | 2024-06-15 | by ( Manseen Logan | ) www.businessinsider.com time to read: +4 min

Read previewOver the last few years, many US workers have found themselves traveling farther to get to work but going into the office less often, thanks to hybrid work models. Business Insider spoke with three commuters who have traveled through multiple states to get to work each week. Flying to Michigan weekly for work gave this New Yorker the best of both worldsMiller on the University of Michigan football field. AdvertisementLiving in the Delaware suburbs on an NYC salary made this four-state commute worth itKyle Rice. Courtesy of Kyle RiceKyle Rice started traveling from Wilmington, Delaware, to NYC every morning for work in February.

Persons: —, Miller, Susan Miller, Kyle Rice, Kyle Rice Kyle Rice, Rice, I'd, Mercier, Malick Mercier, Manseen Logan Organizations: Service, Business, Yorker, University of Michigan, University of Michigan Ross School of Business, Amtrak, BI, New York, Los Angeles International Airport Locations: Michigan, New York City, Ann Arbor , Michigan, New, City, Delaware, Wilmington , Delaware, Wilmington, Newark , New Jersey, Newark, LA, New York, Los Angeles, mlogan@businessinsider.com

☆ We bought a home by the ocean for $212K in Laguna Beach, CA
▼ + stars: | 2024-06-15 | by ( Lauren Shamo | Gene Kim | ) www.cnbc.com time to read: 1 min

Unlocked is a home tour series focused on how much people across the globe spend on their housing, what they get for the money and what they had to sacrifice to make it happen.

☆ I dropped out of a group vacation—do I still have to pay for the hotel?: Tips from travel experts
▼ + stars: | 2024-06-15 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

Historically, I'm not a fan of group trips. Someone always ends up inexplicably crying or taking personal offense to not every single person wanting to do an overpriced brewery tour. But one of the most stressful parts of traveling in a herd, to me, happens before the vacation even starts: when one person drops out last minute. There is a right way to handle this, though, says Lee Thompson, co-founder of Flash Pack, a company that plans group trips for solo travelers in their 30s and 40s. "You should always offer to pay your share of a trip that's already been booked — accommodations, rental cars, planned excursions etc.

Persons: Lee Thompson, Thompson Organizations: Flash

☆ China wants a fleet of aircraft carriers for pride and power, and it's building it at a breakneck pace
▼ + stars: | 2024-06-15 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Read previewChina is building a fleet of aircraft carriers, making technological and capability jumps at a breakneck pace. An aerial drone photo taken on May 1, 2024 shows China's third aircraft carrier, the Fujian, during its maiden sea trials. The aircraft carrier USS Gerald R. Ford transits the Strait of Gibraltar, Jan. 5, 2024. For China, having aircraft carriers allows it to enjoy many of those perks. A composite image shows the American flag flying near the bridge of the US Navy's first-in-class aircraft carrier USS Gerald R. Ford and the Chinese flag flying near China's aircraft carrier Shandong.

Persons: —, Pu, would've, Matthew Funaiole, Xi Jinping, Kyle Amonson, Dane Egli, Xi, Funaiole, Gerald R, Navy Petty, Jacob Mattingly, Trenton, Li Gang, Cmdr, Michael Dahm, Peter W, Singer, Guy Snodgrass Organizations: Service, Business, Ford, Getty, China Power, Center for Strategic, International Studies, Jiangnan Shipyard, Getty Images, People's Liberation Army, Communist Party, US Coast Guard, Pacific Affairs, Chinese Communist Party, US Navy, Navy, DoD Aircraft, South China Seas, Pacific, Communication, Trenton Edly, US, New America, Defense, PLA Navy's Locations: China, Fujian, Shandong, Liaoning, Xinhua, Getty Images China, Taiwan, People's Republic of China, Gibraltar, Jan, South, Beijing

☆ Top doctor warns against taking weight loss drugs such as Ozempic to get 'beach body ready' for summer
▼ + stars: | 2024-06-15 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewOne of the UK's top doctors has warned people against taking weight loss drugs such as Ozempic to get "beach body ready" for summer, saying they should not be seen as a "quick fix." "Drugs including Ozempic and Wegovy should only be used by people prescribed them for obesity or diabetes. Nevertheless, weight loss drugs such as Ozempic and Wegovy have soared in popularity over the last year. AdvertisementThere are currently three semaglutide products approved by the US Food and Drug Administration — Ozempic injection, Wegovy injection, and Rybelsus tablets.

Persons: —, Stephen Powis, Powis, I'm, Vicky Price Organizations: Service, National Health Service, Business, NHS Confederation, Society for Acute, Novo Nordisk, Europe's, Statistics, US Food and Drug Administration Locations: England, London, Danish, Statistics Denmark

☆ This nutrition scientist is on a mission to make ultra-processed foods healthier. Can he succeed?
▼ + stars: | 2024-06-15 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +9 min

Read previewIt's been five years since nutrition scientist Kevin Hall made a startling discovery that changed the way we view ultra-processed foods. It was the first randomized controlled study of its kind, and it changed the way we view ultra-processed foods. Aleksandr Zubkov/Getty ImagesHe wants to understand precisely why ultra-processed foods do what they do and what—if anything—we can do to make them healthier. Ultra-processed foods attack our brainsPaul Bradbury/Getty ImagesWe've known for a long time that ultra-processed foods are associated with all kinds of bad health outcomes, from more early death, to extra strokes, and additional heart attacks. Related storiesBut whether the entire category — all packaged, ultra-processed foods are inherently bad for us by nature — is still an open question.

Persons: —, Kevin Hall, Hall, Stephanie Chung, Jennifer Rymaruk, Aleksandr Zubkov, he's, we'll, Paul Bradbury Organizations: Service, National Institutes of Health, Business, Getty, Washington Post, National Institutes, NIDDK, Nestle Locations: NIDDK, Bethesda , Maryland, veggies

☆ Supreme Court’s abortion pill ruling puts new focus on conservative Trump judge in Texas
▼ + stars: | 2024-06-15 | by ( John Fritze | Tierney Sneed | ) edition.cnn.com time to read: +9 min

In the mifepristone case, Kacsmaryk’s initial ruling was notable not just for its sweeping nature but in how he embraced the anti-abortion movement’s sensational rhetoric about the procedure. The groups fighting mifepristone argue that the Supreme Court’s decision shouldn’t affect the states’ ability to sue. Both the FDA and several medical groups, including the American Medical Association, told the Supreme Court that mifepristone is safe. But the Supreme Court knocked that argument aside, noting that federal law already allows doctors to avoid performing procedures that violate their conscience. Adam Unikowsky, a veteran Supreme Court litigator who has closely followed the mifepristone case, predicted it will be hard for the states to get the issue back before the Supreme Court.

Persons: Matthew Kacsmaryk, Donald Trump, ”, Carrie Flaxman, Brett Kavanaugh, mifepristone, ” Kavanaugh, Roe, Wade, Kansas –, Andrew Bailey, Kacsmaryk, Joe Biden’s, Biden, it’s, ” Julia Kaye, Erin Hawley, “, –, Adam Unikowsky, litigator, Unikowsky, They’re, ” Jaime Santos, Goodwin, “ that’s, Kavanaugh, isn’t Organizations: CNN, Trump, mifepristone, Supreme, Food, Democracy Forward, and Drug Administration, Republican, Alliance for Hippocratic, Biden, ACLU, Defending, FDA, American Medical Association Locations: Texas, Amarillo, – Missouri, Idaho, Kansas, Missouri, Texas ’, Mexico, Missouri , Idaho

☆ Welcome to the age of geriatric millionaires
▼ + stars: | 2024-06-15 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

While it makes sense that time is often a crucial ingredient to accruing savings and assets, the average age of millionaires in the US has been rising faster than the average age of the overall population over the last three decades. How millionaires are changingSince 1992, the average age of the country's millionaires has been going up. That means that younger millionaires aren't joining their ranks fast enough to keep the average age steady. Millionaires are overrepresented beginning around age 50, but track pretty cleanly with the cohort in their 40's. What does it mean to have so many older millionaires?

Persons: —, Chuck Collins, inequality.org, Collins, America's, aren't, Garrett Watson, that's, Watson, Xers, Gen Xers, they've, haven't, That's, It's, Ed Yardeni, They're, Redfin, King Charles, King Charles III of, it's, You've Organizations: Service, Business, Policy Studies, Forbes, Consumer, Millionaires, Tax, Security, Labor, Institute for Policy Studies Locations: United Kingdom

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