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Globally, as many as 128,000 fishers face threats of violence, debt bondage, excessive overtime and other conditions indicative of forced labor, according to the U.N.'s International Labor Organization. U.S. and European companies are under increasing pressure to clean up supply chains in labor-intensive industries where worker abuse is widespread. But ZheJiang Hairong in a statement last year to the state-owned Fujian Daily claimed ownership of only five of the 10 vessels that would later appear on the Financial Transparency Coalition's list. Pingtan last year was sanctioned by the Biden administration over allegations of illegal fishing and labor abuse. The Financial Transparency Coalition scoured government reports, media accounts and complaints by advocacy groups to come up with a list of 475 individual vessels suspected of forced labor since 2010.

Persons: Joe Biden's, Beth Lowell, Pingtan, Biden, Fu Ting, Wanqing Chen Organizations: MIAMI, Financial, Coalition, D.C, Walton Family Foundation, AP, Associated Press, International Labor Organization . U.S, Force, Group, Seven, Atmospheric Administration, Ocean Fisheries Co, Pingtan Marine Enterprises, China National Fisheries Corp, Fujian Daily, New York Stock Exchange, Washington , D.C Locations: Washington, China, Russia, Spain, Thailand, Taiwan, South Korea, Myanmar, Cambodia, Laos, United States, U.S, Oceana, Panama, Belize, ZheJiang, Fujian, Washington ,, Beijing, Investigative@ap.org

For more than a year, the Environmental Protection Agency investigated whether Louisiana officials discriminated against Black residents by putting them at increased cancer risk. As attorney general, Landry fought the EPA’s investigation. Health officials, for example, wanted the unilateral power to decide if and when they had to do the EPA-proposed analysis. The AP reviewed a draft agreement edited by state health officials and sent to EPA in May, reflecting negotiations at the time. It has not reviewed any draft agreement that would show what Louisiana's environmental agency might have been willing to accept.

Persons: Biden, Eric Schaeffer, it’s, Schaeffer, Republican Jeff Landry, Landry, Deena Tumeh, Tumeh, “, ”, ” Tumeh, Kevin Litten, VI, Sharon, Lavigne, James, Michael Regan, It's, Stacey Sublett Halliday, Beveridge, Diamond, ” Sublett Halliday Organizations: Environmental Protection Agency, The Associated Press, EPA’s, Civil, Louisiana, Republican, EPA, Louisiana Department of Environmental, Louisiana Department of Health, Health, AP, Cancer, Associated Press, Walton Family Foundation Locations: Louisiana, chloroprene, St

Political Cartoons View All 1223 ImagesNow the agency is aiming to further reduce lead levels in drinking water and tighten a rule that failed to prevent recent drinking water crises in cities like Flint, Michigan and Newark, New Jersey. Bernstein said he is hopeful “that as we remove lead pipes, we’re going to see the numbers continue to fall. “CDC’s work was used in other cities with elevated water lead levels to dampen citizen concerns,” the congressional report said. Joe Cotruvo, a former director of the Drinking Water Standards Division at EPA, said the existing regulations work and should be credited with significantly reducing lead in drinking water, they just aren’t properly enforced. Lead pipes in both cities were rapidly removed and lead levels dropped.

Persons: Ronnie Levin, ” Levin, Joe Biden, ”, Levin, Flint, Aaron Bernstein, Bernstein, Mark Powell, Yanna Lambrinidou, “, Mary Jean Brown, Marc Edwards, wouldn't, Joe Cotruvo, Michael Schock, Schock, we’ve Organizations: Environmental Protection Agency, EPA, Harvard, Centers for Disease Control, Washington , D.C, D.C, Virginia Tech, CDC, Agency, Associated Press, Walton Family Foundation, AP Locations: Flint , Michigan, Newark , New Jersey, U.S, Boston, WASHINGTON, Washington ,, Washington, The Washington, Flint, Benton Harbor , Michigan, Newark, Benton, Benton Harbor

☆ If Amazon, why not Walmart?
▼ + stars: | 2023-10-25 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

Shopping habits vary widely, however, and the company’s pricing strategies are commonly used, including at Walmart (WMT.N). According to the complaint, if Amazon finds a cheaper product elsewhere, it punishes the seller by removing merchandise from the “buy box,” effectively tanking sales. Thus, the argument goes, Amazon prevents rivals from competing on price. Walmart, which bought Jet.com in 2016 for $3 billion, is also just as discerning when it comes to online pricing. The agency accuses Amazon of stifling competition on price, product selection and quality, and preventing rivals from attracting a critical mass of shoppers and sellers.

Persons: Lina Khan, Andy Jassy, Walton, Jeffrey Goldfarb, Aditya Sriwatsav Organizations: Reuters, U.S . Federal Trade Commission, Walmart, Amazon, FTC, eBay, Amazon.com, Thomson Locations: United States

But of 72 companies ranked by a sustainability nonprofit over the past year, few are close to achieving their 2030 targets. Last year, Ceres launched an effort to press companies with large water footprints to protect those resources and address related financial risks. On Wednesday, the group released an analysis that found most of the assessed companies — including such powerhouses as Coca-Cola, General Mills and Amazon — have set targets but aren't close to meeting them. “There’s no doubt that companies need to do better,” said Kirsten James, senior program director for water at Ceres. Ceres said the companies were chosen from the four sectors based on factors including size and their impact on water.

Persons: Ceres, General Mills, “, ”, Kirsten James, Michael Goltzman, Apple didn't, Mills, Mary Jane Melendez, Melendez, Michael Kiparsky, ” Kiparsky, Kiparsky, James Organizations: WASHINGTON, —, Amazon, Coca Cola, Cola Foundation, Cola Company, Tech, Apple, Wheeler Water Institute, University of California, Associated Press, Walton Family Foundation, AP Locations: Ceres, —, U.S, Berkeley

Tiny but bountiful, Antarctic krill make up one of the planet’s largest biomasses, nourishing everything from fish to marine mammals and seabirds. At Steinberg’s lab, researchers are examining how warming oceans — Antarctic krill need water colder than 4 degrees Celsius (39 Fahrenheit) to survive — are altering krill’s life cycle. However, a leading marine biologist the industry once relied on to burnish its environmental credentials has since denounced krill fishing. She accepted with the hope that she could help mitigate the effects of krill fishing on the Antarctic ecosystem. Today, she believes that krill fishing should be banned.

Persons: “ What’s, ”, Alistair Allan, Bob, it’s, Santa Cruz, Deborah Steinberg’s, ” Steinberg, Emma Cavan, Steinberg, Claire Christian, “ It’s, aren’t, Dirk Welsford, Matts Johansen, ” Johansen, Kjell Inge Røkke, Brett Glencross, “, Jesse Trushenski, Trushenski, Johansen, William Harris, he’s, Javier Arata, Helena Herr, CCAMLR, Ari Friedlaender, ” Friedlaender, Peter Hammarstedt, JoNel, Helen Wieffering, Fu Ting Organizations: Bob Brown Foundation, Soviet Union, Associated Press, Shepherd, Walton Family Foundation, AP, University of California, Virginia Institute of Marine Science, World Wildlife Fund, Imperial College London, Commission, Conservation, Antarctic Marine Living Resources, Antarctic, Southern Ocean Coalition, U.S, United Nations, Antarctic Provider, Aker BioMarine, Aker, Aker ASA, National Institutes of Health, University of South, Association, Pew, University of Hamburg, Foods, Amazon, Wildlife Fund, LCA, Sea Shepherd, Washington , D.C Locations: Antarctica, Chilean, Alaska, U.S, Soviet, Russia, China, South America, Orkney, Norwegian, Santa, Cavan, Tasmania, It’s, Washington, Moscow, Beijing, Texas, Australian, Montevideo, Uruguay, dwarfing, Norway, American, Europe, Canada, Australia, Houston, Aker, Oslo, Brussels, Boise , Idaho, University of South Dakota, Salt Lake City , Utah, Santa Cruz, Virginia, Peruvian, Ski, Los Angeles, Washington ,, Investigative@ap.org

☆ Gen Z vs. Millennials: What a new study reveals about mental health concerns
▼ + stars: | 2023-09-14 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +5 min

CNN —A smaller share of Gen Z is thriving compared to millennials at the same age, and members of Gen Z are far less likely to describe their mental health as “excellent,” according to a new study. The study, released Thursday, aims to reflect the voices of Gen Z on key issues the generation faces. According to the study, both millennials and members of Gen X “report far lower mental health ratings” today than they did a decade ago. “This generation may be more tuned in to recognizing issues with their mental health than older generations,” psychologist Walter Evans said. Another characteristic of Gen Z: optimismThe picture members of Gen Z paint of their lives is far from bleak.

Persons: Gen, ”, Gen Z, millennials, Gen X, Walter Evans, Pollsters, they’ll, Z’s “ Organizations: CNN, Gallup, Walton Family Foundation, Pew Research, US Centers for Disease Control, Prevention, American Psychological Association, Gen Locations: U.S

A favorable vote would ask the Mississippi River Cities and Towns Initiative to pursue a new river compact, according to a draft copy of the motion. “People are aware of how those low levels on the Mississippi River affect commerce and the communities,” she said. The Upper Mississippi River Basin Association has existed for decades to foster cooperative management of the river. Jennifer Gimbel, senior water policy scholar at Colorado State University, said the obstacles to a pipeline are high. Dorothy said a compact would be a good way to say “this is our water.”“If you want the Mississippi River water, you can move here," she said.

Persons: Colin Wellenkamp, ”, “, hasn’t, Asia “, David Strifling, Strifling, ” Wellenkamp, Melissa Scanlan, John Fleck, Jennifer Gimbel, Gimbel, Olivia Dorothy, Dorothy Organizations: LOUIS, —, Towns Initiative, Great, Marquette Law, Water, Initiative, Center for Water, University of Wisconsin -, “, Basin, University of New Mexico School of Law, Colorado State University, Associated Press, Walton Family Foundation, AP Locations: Mississippi, Cities, United States, Minnesota, Louisiana, Gulf of Mexico, Wisconsin, Iowa , Illinois , Missouri , Kentucky , Tennessee , Arkansas, Canadian, Great, Asia, Great Lakes, University of Wisconsin - Milwaukee, Upper Mississippi, “

☆ Zara's billionaire founder – one of the world's richest people – has just bought a $232 million luxury Chicago apartment tower
▼ + stars: | 2023-08-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Amancio Ortega has purchased a 45-story Chicago apartment tower. Ortega, founder of Zara parent company Inditex, splashed out $232 million on the property. Pontegadea, Ortega's family office, bought the 45-story 727 West Madison property, a company spokesperson told Insider. AdvertisementAdvertisementPrices start at $2,166 a month for a studio, rising to $6,083 for the most expensive apartment available, a three-bed. Ortega is the world's 14th richest person, with an estimated net worth of around $75.2 billion, the Bloomberg Billionaires Index shows.

Persons: Amancio Ortega, Ortega, there's, Charles Koch, Michael Dell, Walton, Inditex Organizations: Seattle HQ, Toronto's Royal Bank, Service, Madison, Chase Bank, Bloomberg, Pontegadea, Meta's Seattle, Royal Bank Plaza Locations: Chicago, Zara, Manhattan, Wall, Silicon, Cook County, Meta's, Toronto

☆ Billionaires and corporate execs have dumped $9 billion worth of stock this year amid the market's latest rally
▼ + stars: | 2023-07-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Billionaires and CEOs have dumped $9 billion in stock this year. Many of those sales have been concentrated in the tech sector amid Wall Street's frenzy over AI. Executives have cashed in on the rally as the S&P 500 recovers from a dismal 2022 performance. Meanwhile, AirBnB co-founder Joe Gebbia sold off $893 million of his company's stock during the first half. Oracle CEO Safra Catz also trimmed her holdings of the company, selling $470 million worth of the company's stock.

Persons: Walton, AirBnB, Joe Gebbia, Larry Ellison, Safra Catz, Salesforce's Marc Benioff, Stephane Bancel, Josh Harris Organizations: Service, CNBC, Walmart, Sam's, Oracle, Moderna, Apollo, Vanda Research Locations: Wall, Silicon

☆ These rich and famous people got burned by investing hundreds of millions in Elizabeth Holmes' Theranos
▼ + stars: | 2023-06-04 | by ( Ryan Hogg | Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Here are some who got burned by Theranos, from the Walton family to Rupert Murdoch. Rupert Murdoch invested $125 million in Theranos. Julio Cortez/APThe DeVos familyThe DeVos family, who are heirs to the Amway empire and includes former US Secretary of Education Betsy DeVos, poured $100 million into Theranos. Joshua Roberts/ReutersThe Cox familyTheranos also got $100 million from the Atlanta-based billionaire Cox family, which owns the media and automotive company Cox Enterprises. The Cox family was the eight-wealthiest in the US as of 2020, with a net worth of $34.5 billion at the time, according to Forbes.

Persons: Elizabeth Holmes, Theranos, Walton, Rupert Murdoch, Holmes, Ramesh, Sunny, Balwani, Forbes —, Murdoch, Julio Cortez, Betsy DeVos, they're, Joshua Roberts, Cox, Carlos Slim Carlos Slim, América, Andreas Dracopoulos, Stavros Niarchos, Robert Kraft, It's, Kraft, Tom Brady, Matt Slocum, Alan Eisenman Alan Eisenman, Eisenman Organizations: Morning, Wall Street, Walmart, Forbes, Rupert Murdoch Media, Street, Amway, Cox Enterprises, Stavros Niarchos Foundation, Robert Kraft New England Patriots, Bloomberg, New England Patriots, CBS Locations: Theranos, Atlanta, Latin America, Mexico, FTX

☆ CNBC Daily Open: Consumer demand is flagging
▼ + stars: | 2023-05-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Both the Dow and the S&P were badly affected by Home Depot's weak earnings report and lackluster forecast. Home Depot's disappointing performance suggests that consumer demand is flagging. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Inflation weighed on consumer spending
▼ + stars: | 2023-05-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Indeed, retail sales in April rose a weaker-than-expected 0.4% for the month, according to an advanced sales report. Moreover, the figure isn't adjusted for inflation — which rose 0.4% in April — so consumers' spending just kept up with the pace of inflation, CNBC's Jeff Cox noted. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ What Home Depot's poor outlook means for the stock market and economy
▼ + stars: | 2023-05-16 | by ( Robert Hum | ) www.cnbc.com time to read: +1 min

Photographer:Just an awful earnings report from the stock market's most important retailer on Tuesday: Home Depot. Bottom line – the broader-market implications of Tuesday morning's post-earnings stock move for Home Depot are going to be significant. And don't expect much improvement from the home improvement retailer any time soon. That's worth about 100 points on the Dow Jones Industrial Average and should take a bite out of the S&P 500 too. Remember, it's the most impactful retailer in the price-weighted Dow – having almost double the weight of Walmart (since it is almost double the price).

The Walmart heirs' combined worth is roughly $234 billion, according to Bloomberg. The family grants money and resources to support education, environmental efforts, and their home community through the Walton Family Foundation. In public, the Waltons live pretty modest lifestyles despite their wealth. Sam Walton, the original man behind the company that now encompasses both Walmart and Sam's Club, set his family up for financial success when he divided the ownership before he died. He wasn't a man of flashy luxury, but you can see how his children are living a slightly more lavish life now.

☆ Washington Commanders near a deal to sell to 76ers owner for almost $6 billion
▼ + stars: | 2023-04-13 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

The Washington Commanders are nearing a sale to an ownership group led by Philadelphia 76ers and New Jersey Devils Owner Josh Harris at just under $6 billion, a person familiar with the deal told CNBC. Harris' ownership group includes Washington D.C.-based billionaire Mitchell Rales and NBA legend Magic Johnson. Amazon founder and Washington Post owner Jeff Bezos was exploring the sale process, but decided not to make an offer, according to ESPN. For Commanders fans and former employees, progress in the sale process is welcome news. Commanders owner Dan Snyder announced in November of 2022, that he was putting the Commanders up for sale.

☆ Dan Snyder Agrees to Sell Washington Commanders for $6 Billion
▼ + stars: | 2023-04-13 | by ( Ken Belson | Katherine Rosman | ) www.nytimes.com time to read: +1 min

continues its second investigation into allegations of widespread sexual harassment made against executives at the team, including Snyder, as well as potential financial improprieties. Once the Harris group submits its deal, the sale would have to be approved by the league’s finance committee and by at least three-quarters of the 31 other team owners, which could occur within weeks. Harris’s group includes Mitchell Rales, a billionaire from the Washington, D.C., area, and a group of limited partners that includes Magic Johnson. The owners will next meet in person as a group in Minneapolis on May 22 and 23. Last June, the Walton family, founders of Walmart, bought the Denver Broncos for $4.65 billion, about twice as much as the previous record high for an N.F.L.

☆ Elizabeth Holmes wants to delay her 11-year prison sentence
▼ + stars: | 2023-03-02 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Elizabeth Holmes, the former CEO of Theranos convicted of defrauding investors, is seeking to delay the start of her 11-year prison sentence because she has “two very young children” to be with. The court filing last week represents the first public acknowledgment that Holmes gave has given birth to her second child. Her lawyers laid out several reasons to delay the prison sentence pending an appeal of her conviction, arguing that she’s not a flight risk or a danger to the community. Last year, Holmes was sentenced to more than 11 years in prison for defrauding investors while running the failed blood testing startup Theranos. Instead, Theranos was relying on third-party manufactured devices from traditional blood testing companies.

☆ These bankers got deals done despite a dismal environment
▼ + stars: | 2023-02-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Top M&A bankers of 2022. That's why you could argue that this year's edition of "The Rainmakers" — Insider's annual list of the 20 M&A bankers who handled the largest deals of the year in North America — is more impressive than previous editions. What's interesting about this year's list is how it was made up of bankers almost entirely from the bulge-bracket. Check out our list of the top-20 M&A bankers who made the most during a difficult year for dealmaking. Jeff Bezos' $500 million yacht finally hit the open water.

☆ The overturn of Roe v. Wade has been a catastrophe for Republican attempts to win over Gen Z
▼ + stars: | 2023-02-06 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

The GOP win in getting the Supreme Court to strip abortion rights didn't sit well with young voters. For the survey, Murmuration polled 3,227 15 to 25-year-olds (members of Gen Z) and 1,036 adults aged 26 or older. The Gen Z survey had a 1.7% margin of error, while the survey of adults aged 26 years or older had one of 3%. Aside from "other," which also garnered 29%, abortion access was by far the most pressing issue amongst Gen Z. Since the Supreme Court punted abortion rights back to a state-to-state basis, referendums and constitutional amendments restricting abortion access will continue to pop up.

☆ Here's what mattered in hedge funds and asset and wealth management in 2022
▼ + stars: | 2022-12-28 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +4 min

To be sure, some big investors like macro hedge funds have been notable exceptions to the market gloom. As we do our own account settling for the year, here is some of our best reporting on the buy-side: hedge funds, asset managers, and wealth management. Tiger, Tiger burning bright. Four years later, the hedge fund, founded by two former Millennium executives, has yet to live up to the lofty expectations for it. Among the money managers benefiting from these political moves are Bank of New York Mellon and Federated Hermes.

☆ 10 money managers who quietly control the vast fortunes of Jeff Bezos, Sergey Brin, the Waltons, and other big-name billionaires
▼ + stars: | 2022-12-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +24 min

Many über-rich people don't outsource their wealth — they hire their own chief investment officers. He left SAC in 2005 for Dune Capital Management, but stayed in touch with Steve during his five-year term at the investment firm. Andrew oversees CPV's portfolio, which primarily comprises direct private investments such as Collectors Universe, a collectibles-authentication company, and the New York Mets. In 2011, Wildcat Capital Management was launched with Potter as president and chief investment officer. Since November 2021, Carland has also served as the interim chief investment officer for Builders Vision's asset arm.

☆ Elizabeth Holmes scheduled to be sentenced on Friday
▼ + stars: | 2022-11-18 | by ( Rachel Metz | ) edition.cnn.com time to read: +5 min

CNN —Elizabeth Holmes, the founder of failed blood testing startup Theranos who was convicted of fraud earlier this year, is scheduled to be sentenced on Friday morning by a judge in court in San Jose, California. The list includes Holmes’ partner, Billy Evans, many members of Holmes’ and Evans’ families, early Theranos investor Tim Draper, and Sen. Cory Booker. Elizabeth Holmes (L), founder of Theranos, and her partner, Billy Evans (R), leave the Robert F. Peckham Federal Building and US Courthouse in San Jose, California, on October 17, 2022. “The effects of Holmes and Balwani’s fraudulent conduct were far-reaching and severe,” federal prosecutors wrote in a November court filing regarding Holmes’ sentencing. “Elizabeth Holmes is never going to run a big company again,” he said.

☆ Jeff Bezos is interested in bidding for the NFL's Washington Commanders, reports say
▼ + stars: | 2022-11-03 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

Jeff Bezos is interested in bidding for the NFL's Washington Commanders, multiple news outlets reported Thursday. The Washington Post is owned by Jeff Bezos. People reported Bezos' interest earlier Thursday. The reports came a day after current owner Dan Snyder hired Bank of America to explore a sale of the team. Bezos has a home in Washington, D.C., which is near the Commanders' stadium in Maryland.

☆ Inside the $4 billion family office of Walmart Heir Lukas Walton
▼ + stars: | 2022-09-19 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Lukas Walton, the billionaire grandson of Walmart founder Sam Walton, is reinventing the family office — building a multi-billion-dollar funding machine that powers charities, tech start-ups, public companies and activists seeking global change. Walton, 36, last year launched Builders Vision, a one-stop-shop of impact investing based in Chicago with more than $4 billion in assets. While most family offices separate philanthropy and investing, Walton has stitched them together into an impact-investing superstore – funding social and environmental causes through start-ups, public companies or charities. The Builders Vision venture capital fund, called S2G, is in the top quartile of venture capital funds by returns, according to Cambridge Associates benchmarks. Climate change, the food supply and ocean health are, after all, also investment risks, he said.

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