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☆ Exclusive: Irenic Capital urges Theravance to conduct review, add shareholder to board
▼ + stars: | 2023-02-27 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

NEW YORK, Feb 27 (Reuters) - Activist investor Irenic Capital Management is urging Theravance Biopharma Inc (TBPH.O) to initiate a review of strategic alternatives, including a full sale, and to add a shareholder to its board, according to a letter seen by Reuters. Irenic owns a 4.2% stake in the biotechnology company and has criticized its lagging valuation and stock-based compensation to its chief executive and board chair, Rick Winningham. Irenic also called on Theravance to use excess cash to immediately issue a $300 million special dividend to shareholders. They suggested Dodge as a director candidate but wrote in the letter that the company rejected him as a candidate. Irenic is the latest hedge fund to propose changes at poorly performing biotech companies.

☆ Trump's criminal lawyer slams ex-Manhattan prosecutor Mark Pomerantz's Trump probe book as 'inaccurate'
▼ + stars: | 2023-02-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

Trump criminal lawyer Ron Fischetti criticized a tell-all by his former law partner, Mark Pomerantz. Pomerantz is a former lead prosecutor in the DA's probe and author of "People vs. Donald Trump." "I don't think he should have written this book at all," Fischetti told Insider of former prosecutor Mark Pomerantz, whose book, "People vs. Donald Trump," was published this month. "This is a terrible, terrible book," Fischetti said, taking Pomerantz to task for criticizing Bragg's caution and for speaking publicly about a confidential probe that's still in progress. Pomerantz also should have known better than to publicly question Bragg's decision to slow the probe, Fischetti said.

☆ Manhattan DA was 'weeks' away from filing criminal charges against Trump in 2020, when he was still president, former prosecutor says
▼ + stars: | 2023-02-07 | by ( Ashley Collman | Laura Italiano | ) www.businessinsider.com time to read: +6 min

The Manhattan DA's office was weeks away from filing criminal charges against Trump at the end of 2020. Pomerantz resigned from the office when new DA Alvin Bragg decided against pursuing a Trump indictment. Pomerantz was initially brought onto the Trump investigation as a consultant at the end of 2020 by the inquiry's leading prosecutor, Carey Dunne. Investigators wanted to charge Trump for allegedly undervaluing his stake in 40 Wall Street, a building in lower Manhattan. The Manhattan DA's investigation into Trump never resulted in charges, after Alvin Bragg took over as the new DA in January 2022.

☆ Prosecutors worried they'd have to prove Donald Trump was not 'legally insane,' lawyer's memoir says
▼ + stars: | 2023-02-05 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +4 min

New York prosecutors investigating Trump feared they would have to prove that he was not "legally insane." "To rebut the claim that Trump believed his own 'hype,' we would have to show, and stress, that Donald Trump was not legally insane," lawyer Mark Pomerantz writes in the memoir, seen by The Daily Beast. "Was Donald Trump suffering from some sort of mental condition that made it impossible for him to distinguish between fact and fiction?" The Daily Beast received an advance copy of the book "People vs. Donald Trump: An Inside Account," which is due to be released on Tuesday. A lawyer for Trump recently sent Pomerantz a letter threatening legal action over the book, according to The New York Times.

☆ Health insurer Elevance's strategy is coming into focus as it goes head-to-head with giants UnitedHealth and CVS
▼ + stars: | 2023-01-25 | by ( ) www.businessinsider.com time to read: +4 min

Elevance Health, the major US health insurer formerly called Anthem, said Monday that it plans to acquire Blue Cross and Blue Shield of Louisiana in a rare merger between two Blue-affiliated health insurers. It's possible that if the merger goes through, the Louisiana Blue could flip to using Elevance's PBM. While competitors like UnitedHealth, CVS, and Humana are pushing deeper into delivering primary care, Elevance has focused on owning businesses that serve people with serious and chronic illnesses. Carelon's strategy has been to sell its services to both Elevance's own health plans and other Blue-affiliated insurers. Carelon brought in almost $41 billion in revenue in 2022, and 60% of that came from Elevance's own health plans, Boudreaux said Wednesday.

☆ Kids are pranking their parents on TikTok by telling them celebrities have died. Angela Bassett's son may have killed the trend by bluffing about her colleague, Michael B. Jordan
▼ + stars: | 2023-01-01 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +3 min

Slater Vance joined in on a TikTok trend where users lie about celebrity deaths to their parents. Many social media users have called the trend distasteful. That's what 16-year-old Slater Vance learned last week, after joining in on it using his own famous parents: actors Angela Bassett and Courtney B. Vance. The trend involves users pranking their families on camera, pretending that celebrities — usually ones beloved to their parents — have died. "Angela Bassett and Courtney B. Vance just put an end to that TikTok trend and we owe them a debt of gratitude," one user said.

☆ The CEO of Elon Musk's Boring Company who reportedly slept at Twitter HQ with his wife and baby once owned a bar called 'Thomas Foolery'
▼ + stars: | 2022-12-24 | by ( Aaron Holmes | Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Elon Musk's Boring Company aims to build a network of road tunnels under major cities. Davis reportedly slept at Twitter HQ with his wife and baby after Elon Musk sought his help. Musk also owns The Boring Company, which has built a reputation for offbeat stunts. Before working for Musk, Davis founded a frozen yogurt shop and a bar that accepts bitcoin, among other ventures. Boring Company has faced scrutiny, especially in Chicago and Las Vegas, where it aimed to build its first tunnels.

The victims of the shooting at the LGBTQ-friendly Club Q in Colorado Springs include two bartenders, the mother of an 11-year-old girl and two other clubgoers who were enjoying a carefree night before a lone gunman started firing indiscriminately. "He lit up a room, always smiling, always happy and silly," said his mom, Sabrina Aston, who lives in Colorado Springs. We’re mad, angry.”Paugh, who is not part of the LGBTQ community, spent Saturday in Colorado Springs with a female friend. Jessica Fierro said she was at Club Q with her husband, their daughter and friends to celebrate a friend’s birthday. Daniel Arkin reported from New York; Deon J. Hampton reported from Colorado Springs, Colorado.

☆ Republicans did not perform well among independent voters, says Sen. Rob Portman
▼ + stars: | 2022-11-10 | 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 EmailRepublicans did not perform well among independent voters, says Sen. Rob PortmanSenator Rob Portman (R-Ohio) joins CNBC's 'Squawk Box' to weigh in on the midterm election results, including J.D. Vance's victory to take his seat.

☆ Republican J.D. Vance defeats Democrat Tim Ryan in Ohio Senate race, NBC News projects
▼ + stars: | 2022-11-08 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

US Senate Republican candidate JD Vance speaks to attendees the stage at a rally held by former U.S. president Donald Trump in Youngstown, Ohio, September 17, 2022. Vance and Ryan were vying for the seat made vacant by retiring two-term Republican Sen. Ohio has shifted to be more reliably Republican in recent elections, voting for former President Donald Trump in both 2016 and 2020. Republican J.D. In the final weeks of the campaign, Ryan received little support from Democrats on the national level.

Vance is facing off against Democratic Rep. Tim Ryan in Ohio. Vance faced off against Democratic Rep. Tim Ryan in Ohio to represent the state in the US Senate. 2022 General EmbedsOhio's US Senate race candidatesVance is a venture capitalist, veteran, and author who rose to prominence following the publication of his book, "Hillbilly Elegy," which delves into Vance's childhood and upbringing in Ohio. In 2020, prior to running for the Senate, Ryan ran for the Democratic presidential nomination. Vance raised $12 million, spent $9 million, and had $2.9 million of cash left on hand as of October 19.

☆ Tim Ryan doubles down on his go-it-alone strategy in Ohio's crucial Senate race as Democratic leaders campaign elsewhere: 'They don't need to rescue me. I need to rescue them'
▼ + stars: | 2022-11-05 | by ( Warren Rojas | ) www.businessinsider.com time to read: +4 min

Democratic Senate hopeful Tim Ryan is facing off against Trump-backed challenger JD Vance in Ohio. He added, somewhat defiantly, "They don't need to rescue me. Fans of Democratic Ohio Senate hopeful Rep. Tim Ryan chat in front of his campaign bus during a rally in Xenia, Ohio on November 4, 2022. "We don't need people from the outside coming in to sell us something, because his message is so strong," Saul added. Matheny said, adding that it "shows working-class people that you don't need all that extra money in your pocket."

ATLANTA — Trailing in the polls, Stacey Abrams is attempting to tie her GOP rival, Georgia Gov. Vance and his allies are taking the same approach with voters who are considering supporting GOP Gov. In the case of Fetterman, “It’s saying a vote for Oz is a vote for Mastriano,” Horwitt said. In Georgia, Walker’s internal polling and other GOP polls shared with NBC News show Warnock doing better among Democratic voters than Walker is among Republican voters. “There is a concerted effort to target Republican households where someone voted in 2018 but another family member didn’t.

☆ Trump fan in a ruby red slice of Ohio still furious about the 2020 election finds JD Vance's closing pitch lacking: 'I'm definitely not voting for him'
▼ + stars: | 2022-11-03 | by ( Warren Rojas | ) www.businessinsider.com time to read: +4 min

GOP Senate hopeful JD Vance is racing across Ohio ahead of the midterms. A Trump fan at a recent rally criticized Vance for moving on from the 2020 election challenges. Vance and Ohio's GOP leaders are pushing election deniers aside, but Trump's base won't budge. "I think it was stolen," Drenan told Insider about the last election. But we've moved on," Fawcett told Insider at the Zanesville rally.

☆ Ohio Democratic Senate candidate Tim Ryan avoids talking about Trump on the trail as he paints GOP opponent JD Vance as extreme
▼ + stars: | 2022-11-03 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +12 min

Insider spent a day following Rep. Tim Ryan across Ohio as campaigned for US Senate. He's running a tight race against GOP nominee JD Vance, despite Trump winning Ohio twice. "You are grounded, go to your room," Ryan mock-replies, before drawing his story back to the reality of his Senate campaign. Republican Senate candidate JD Vance at a GOP unity event in Canton, OH on October 27, 2022. Democratic Sen. Sherrod Brown of Ohio at a rally for Ryan in Cleveland, OH on October 27, 2022.

☆ Republican author J.D. Vance faces off against Democratic Rep. Tim Ryan in Ohio's US Senate election
▼ + stars: | 2022-11-02 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

Vance is facing off against Democratic Rep. Tim Ryan for an open US Senate seat in Ohio. Vance faces off against Democratic Rep. Tim Ryan in Ohio to represent the state in the US Senate. Vance won the Republican nomination in a crowded seven-candidate GOP primary race, winning 32.2% of the overall vote. Ryan handily defeated the two other Democratic candidates in Ohio's primary election, bringing in 69.6% of the overall vote. In 2020, prior to running for the Senate, Ryan ran for the Democratic presidential nomination.

☆ Republican gains in key states signal bad news for Democrats ahead of midterms, new polls show
▼ + stars: | 2022-10-24 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Republican candidates appear to be making gains in the final sprint to the November midterms, with new election forecasts in key swing states and partisan strongholds flashing warning signs for Democrats. Republican Senate hopeful J.D. Even in reliably blue states, Democrats' slim congressional majorities are under threat. The pollster surveyed 649 likely Texas voters between Oct. 16 and Oct. 19, and carries a plus or minus 5.1 percentage point margin of error. Accordingly, Democrats' chances of holding the Senate now look much tighter, according to FiveThirtyEight's tracker.

☆ J.D. Vance, Tim Ryan in dead heat in Ohio U.S. Senate race with two weeks until the election, new polls show
▼ + stars: | 2022-10-24 | by ( Emma Kinery | ) www.cnbc.com time to read: +3 min

This combination of photos shows Ohio Democratic Senate candidate Rep. Tim Ryan, D-Ohio, on March 28, 2022, in Wilberforce, Ohio, left, and Republican candidate JD Vance on Aug. 5, 2022, in Dallas. Vance and Democrat Tim Ryan are neck and neck in Ohio's U.S. Senate race with about two weeks until Election Day, two new polls released Monday show. A separate poll from Marist found Vance and Ryan tied at 47% apiece among likely voters. The Senate race in Ohio is one of a handful of contests that will decide whether Democrats keep control of a Senate split 50-50 by party. But inflation was top of mind for voters in the Marist poll, as 40% said it was the most important issue for them in this election.

☆ Elevance raises annual profit forecast after quarterly beat
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +1 min

Oct 19 (Reuters) - Health insurer Elevance Health Inc (ELV.N) on Wednesday raised its annual profit forecast after beating estimates for quarterly earnings on lower-than-expected medical costs and strong performance of its Medicaid business. Last week, larger rival UnitedHealth Group Inc (UNH.N) raised its annual profit forecast for the third straight quarter and said the direct impact of COVID-19 was expected to ease next year. The lower the ratio, the better it is for a health insurer as it indicates a tight rein on costs. Elevance, which was previously known as Anthem, now expects annual adjusted earnings to be higher than $28.95 per share, compared with its prior forecast of more than $28.70 per share. Excluding items, the company reported earnings of $7.53 per share, above analysts' estimates of $7.15, according to IBES estimates from Refinitiv.

☆ Ohio Democratic Senate nominee Tim Ryan told Republican JD Vance to 'move back to San Francisco' if he wanted to 'run against Nancy Pelosi': 'You're running against me'
▼ + stars: | 2022-10-18 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Tim Ryan blasted JD Vance for repeatedly invoking Nancy Pelosi during their Senate debate on Monday. Ryan at one point told Vance to "move back to San Francisco" and run against the House Speaker. "JD, you keep talking about Nancy Pelosi. If you want to run against Nancy Pelosi, move back to San Francisco and run against Nancy Pelosi," the Democratic lawmaker said. "Yet he votes and agrees with Nancy Pelosi 100% of the time.

WisconsinDemocrats see Republican Sen. Ron Johnson as a vulnerable incumbent. Barnes has espoused progressive views in office, but his Senate campaign has focused more on pocketbook issues such as inflation and taxes. Vance appears locked in a tight Senate race against Democratic Rep. Tim Ryan, despite running in a red-leaning state that Trump won handily in 2020. Incumbent Democratic Sen. Maggie Hassan's approval ratings have fallen, including among unaffiliated voters who make up a major chunk of the state's electorate. FloridaFormer Orlando police chief and Democratic Rep. Val Demings aims to unseat incumbent Republican Sen. Marco Rubio.

☆ Elon Musk would get 'really angry' when employees at his first company Zip2 weren't still working at 9 o'clock at night, an ex-colleague told a BBC documentary
▼ + stars: | 2022-10-13 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Elon Musk would get very angry when staff at his first company, Zip2, weren't working after 9 p.m.A former Zip2 worker, Jim Ambras, told a new BBC documentary that Musk's face "would turn red." The Elon Musk Story uses interviews with his family, friends, employees – and enemies – to explain his rise to become the world's richest man. It was bought by Compaq four years later to boost its AltaVista search engine and netted Elon and Kimbal $22 million and $15 million respectively, according to Ashley Vance's 2015 book "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future." Branden Spikes, a systems engineer at Zip2 also interviewed for the documentary, described Musk as an "unusual fellow" who would work late and then sleep under his desk. Elon Musk's mother, Maye, who also appears in the BBC documentary, said that when he was young she would struggle to wake him up in the morning because he would stay up all night reading books.

☆ Factbox: Eight U.S. Senate races to watch in November's midterm elections
▼ + stars: | 2022-09-27 | by ( Moira Warburton | ) www.reuters.com time to read: +6 min

Pennsylvania Lieutenant Governor and U.S. Senate candidate John Fetterman speaks during a rally in Philadelphia, Pennsylvania, U.S., September 24, 2022. The chamber is currently split 50-50 between Republicans and Democrats, who are able to control the agenda thanks to Vice President Kamala Harris' tie-breaking vote. The state is a former Republican stronghold where Democrats have made surprise gains in recent elections - Biden won the state by 0.3% in 2020. Masters' struggles have led Republicans to pull funding and analysts have shifted their predictions for the race in Kelly's favor. National groups have been pouring in money, and the topic of abortion is front and center since the state's Republican legislature banned all abortions after six weeks.

☆ Goldman Sachs says this biotech working on a Botox rival drug could rally nearly 30%
▼ + stars: | 2022-09-22 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +5 min

Revance Therapeutics , a biotechnology company working on a Botox competitor set to soon launch in the U.S. is a solid bet, according to Goldman Sachs. Even if the U.S. falls into recession in the coming months, the company is poised to outperform, according to Goldman. U.S. and global growth Given these things, Goldman Sees Daxxify garnering 21% of the U.S. cosmetic neuromodulator market by 2025 and 35% by 2030. Even if the U.S. falls into recession in the coming months, the company is poised to outperform, according to Goldman. While pricing for Revance's Botox competitor has not yet been disclosed, Goldman estimates it will have a roughly 30% premium to competitors.

☆ Trump compared his relationships with JD Vance and Kim Jong Un, saying both men 'fell in love' with him
▼ + stars: | 2022-09-19 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +2 min

Donald Trump says JD Vance, like Kim Jong Un, "fell in love" with him. While introducing Vance at the Youngstown rally, Trump said Vance has warmed up to him after getting to know him. And then he fell in love," Trump continued, drawing laughter and applause from the crowd. And they said, 'Oh, Trump is saying he fell in love,'" Trump said. "JD is kissing my ass, he wants my support so bad," Trump quipped.

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