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☆ The Many Cameos of Stan Lee
▼ + stars: | 2023-06-03 | by ( George Gene Gustines | ) www.nytimes.com time to read: +2 min

Distinguished CompetitionMr. Lee and Marvel are irrevocably linked, but he was no stranger to working with superhero industry rivals DC Comics. From 2001 to 2002, DC released a “Just Imagine” series of stories written by Mr. Lee in which he reinterpreted Superman, Batman, Wonder Woman and other heroes. A cartoon version of Mr. Lee also appeared in DC’s 2018 animated film “Teen Titans Go! In one story, Mr. Lee playfully admonishes the team for recent developments, including “Alcoholic Iron Men!” and the mohawk haircut for the X-Men’s Storm. But the original, unused photo was bolder: It was a nude picture of him with a strategically placed comic book.

Persons: Lee, ”, “ Stan Lee ”, “, Brad Meltzer, Lee’s, Eliot R, Brown, “ I’m Organizations: Marvel, DC Comics, DC, Marvel Comics, Entertainment, Hero Initiative

☆ Erdogan part three would be worse and the same: podcast
▼ + stars: | 2023-05-18 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

LONDON, May 18 (Reuters Breakingviews) - The Turkish president is in a heated battle to lead the battered country. In this Viewsroom podcast, Breakingviews columnists discuss the risks Turkey faces if he stays in office, his rival’s offering and how the outcome of the election will impact the rest of the world. Listen to the podcastFollow @aimeedonnellan on TwitterSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Ukraine Downs Dozens of Drones Over Kyiv in Russian Air Assault
▼ + stars: | 2023-05-08 | by ( Isabel Coles | ) www.wsj.com time to read: 1 min

Ukraine said Monday that it shot down more than two dozen drones above Kyiv overnight, as Russia intensifies strikes that seek to degrade its rival’s air defenses ahead of an expected offensive by Kyiv. The strikes come after a recent spate of attacks on Russian soil culminating in a drone attack on the Kremlin last week that Moscow blamed on Kyiv.

☆ Ending the retailers’ crisis has a high price tag
▼ + stars: | 2023-05-02 | by ( Aimee Donnellan | ) www.reuters.com time to read: +5 min

BARCELONA, May 2 (Reuters Breakingviews) - High-street retailers are facing a heavy bill to weather the cost-of-living crisis. The cost of heating stores and staff requests for pay rises are squeezing operating margins at top players like H&M (HMb.ST) and Next (NXT.L). Shrinking disposable income is making it hard for these retailers to boost sales to protect margins. Most bricks-and-mortar retailers trade on higher multiples than they did before the war in Ukraine sparked soaring inflation. But that leaves a squeezed middle of retailers like H&M exposed to the brunt of the retail crisis.

☆ Credit Suisse mess leaves scattered Swiss debris
▼ + stars: | 2023-04-24 | by ( Lisa Jucca | ) www.reuters.com time to read: +7 min

ZURICH, April 24 (Reuters Breakingviews) - Swiss government intervention to save Credit Suisse (CSGN.S) from collapse last month may have avoided a financial market storm. SWISS “TRINITY” QUESTIONThe rescue of Credit Suisse has other consequences. The Swiss Bankers Association has called for an independent inquiry, and lawmakers gave a symbolic thumbs-down to the rescue of Credit Suisse on April 12. A Senate Finance Committee report found last month Credit Suisse had violated a 2014 deferred prosecution agreement with U.S. authorities by continuing to help rich Americans dodge taxes. Switzerland’s parliament on April 12 rejected a Credit Suisse rescue package that included 109 billion Swiss francs in financial guarantees.

☆ UBS can score a quick win with Swiss sale
▼ + stars: | 2023-04-12 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

LONDON, April 12 (Reuters Breakingviews) - Credit Suisse’s (CSGN.S) Swiss business is theoretically the jewel in the bank’s tarnished crown. Hiving off the Credit Suisse local unit could save Kelleher and his Chief Executive Sergio Ermotti a lot of grief. By contrast, UBS is paying just $3.6 billion for all of Credit Suisse, based on the buyer’s most recent share price. Kelleher could in theory just hand the Credit Suisse local division to shareholders, but that could prove destabilising if they all cash out immediately. UBS will rescue Credit Suisse in a deal worth about 3 billion Swiss francs, Swiss authorities and the two banks said on March 19.

☆ Breakingviews: EV double-SPAC provides only weak recharge
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

Electric-van developer Arrival just unveiled a merger with a special-purpose acquisition company, valuing it at $524 million. The twist: It already went public via a blank-check deal in 2021, at a valuation some 10 times higher. Arrival’s fall mirrors other EV hopefuls like Canoo (GOEV.O), Faraday Future Intelligent Electric (FFIE.O) and Lordstown Motors (RIDE.O). Arrival’s latest merger promises $283 million of it from Kensington Capital Acquisition Corp. V’s (KCGI.N) trust account. British startup Wejo (WEJO.O)tried a similar second-SPAC gambit, though it anticipates backing its transaction with private investment.

☆ UBS salvages most value from Credit Suisse wreck
▼ + stars: | 2023-03-19 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

Meanwhile the government will cover up to 9 billion Swiss francs of losses, such as markdowns on Credit Suisse assets, past a certain threshold. A UBS takeover is preferable to the Swiss government nationalising Credit Suisse or winding it down. Follow @liamwardproud on TwitterCONTEXT NEWSUBS will rescue Credit Suisse in a deal worth about 3 billion Swiss francs, Swiss authorities and the two banks said on March 19. Shareholders in Credit Suisse will get one new UBS share for every 22.48 shares they currently hold. Based on UBS’s closing price on March 17 the offer values Credit Suisse shares at 0.76 Swiss francs each, well below the last closing price of 1.86 Swiss francs.

☆ TFI Stake in Trucker ArcBest Sparks Acquisition Speculation
▼ + stars: | 2023-02-22 | by ( Liz Young | Paul Berger | ) www.wsj.com time to read: +4 min

TFI in 2021 became one of the top carriers in the U.S. less-than-truckload sector when it bought United Parcel Service Inc.’s freight business for $800 million. TFI CEO and President Alain Bédard said on the Feb. 6 earnings call that TFI is looking for opportunities to work with ArcBest. TFI executives said they see ways to save money working together with ArcBest, analysts at Cowen wrote in a Feb. 14 note summarizing a meeting they had with TFI management. The Cowen analysts wrote TFI is well placed to take over ArcBest’s unionized workforce because it already works with the Teamsters union at TForce Freight. ArcBest shares are up about 14% since TFI disclosed its stake.

☆ K-pop stocks soar after agency behind BTS announced it would become its rival’s top shareholder
▼ + stars: | 2023-02-10 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

South Korean girl group aespa at the 2022 KBS Song Festival at Jamsil Arena on Dec. 16, 2022, in Seoul, South Korea. The K-pop agency behind BTS is set to become the largest shareholder of SM Entertainment — the legacy company known to have kickstarted the wave of popularity around Korean pop culture. That would make Hybe a top shareholder in SM Entertainment. Shares of SM Entertainment soared on Friday, rising more than 16% at the open in Seoul. Hybe rose 6% and JYP Entertainment rose 2.5%, while YG Entertainment gained 3.8%.

☆ Trump Is the GOP’s Albatross
▼ + stars: | 2023-02-02 | by ( Karl Rove | ) www.wsj.com time to read: 1 min

There’s a lot of skepticism about former President Donald Trump’s campaign launch for the 2024 Republican nomination. His rambling, hour-long mid-November announcement was widely panned. He’s trailing Gov. However, Mr. Trump could still be the Republican nominee. He’s been underestimated before by many—including by me on numerous occasions.

☆ Arsenal Brushes Aside Tottenham and Keeps Its Title Bid Rolling
▼ + stars: | 2023-01-16 | by ( Joshua Robinson | ) www.wsj.com time to read: 1 min

Arsenal’s Bukayo Saka and manager Mikel Arteta celebrate a 2-0 win against rival Tottenham, solidifying the young team’s surprising place at the top of the Premier League with the season nearly half over. LONDON—For nearly a decade, Arsenal made its annual trip across North London to the home of rival Tottenham Hotspur and returned without a victory. So when the streak ended on Sunday afternoon with a 2-0 win for Arsenal at the Tottenham Stadium, the result could have stood as a milestone on its own. But as the players celebrated in front of the small contingent of traveling fans, they understood that they had claimed something far more surprising. By the time Arsenal left its hated rival’s home, it was a genuine contender in the Premier League title race.

☆ BHP’s shinier $6 bln OZ bid stays within reality
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, Nov 18 (Reuters Breakingviews) - BHP (BHP.AX) boss Mike Henry’s apparent nonchalance about buying OZ Minerals (OZL.AX) always smacked of play-acting. No sooner had the metals miner rejected its larger rival’s A$8.3 billion ($5.8 billion) all-cash overture in August than Henry was fobbing it off as a “nice-to-have, not a must-have” business. Yet on Friday, the target disclosed BHP recently upped its offer 13%, and says it will agree in principle to the revised bid. Henry is now dangling a 49% premium to OZ’s undisturbed share price. Cutting around a third of OZ’s annual expenses would, taxed and capitalised, cover the A$3.1 billion premium.

Two of his revenge picks to knock off House Republicans who voted to impeach him lost critical general election races in Michigan and Washington. To Mr. Trump, none of that had any bearing on his desire to return to power. “A perfect call.” Absconding with classified documents from the White House? “I think the question is who is the current leader of the Republican Party. In light of what unfolded at Mar-a-Lago, that felt more like the wishful thinking of a born optimist than the judgment of a seasoned student of Mr. Trump.

It culminated on Wednesday, with Binance pulling out of its deal and throwing FTX's future into uncertainty. Bankman-Fried told Reuters on Tuesday that "I'll probably be too swamped" to do interviews. Voyager filed for bankruptcy protection the following month, with FTX's U.S. arm paying $1.4 billion for its assets in a September auction. Daily withdrawals normally totaled tens of millions of dollars, Bankman-Fried told his employees. Bankman-Fried signed a non-binding letter of intent for Binance to buy FTX’s non-U.S. assets.

☆ Adidas scoops up CEO who turned around rival Puma
▼ + stars: | 2022-11-08 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN Business —Adidas has appointed the head of Puma to succeed outgoing CEO Kasper Rorsted, betting on his ability to replicate its crosstown rival’s comeback. Norwegian Bjørn Gulden, 57, will become CEO of Adidas (ADDDF) on January 1, 2023, the German sportswear brand said in a statement on Tuesday. “As CEO of Puma, he re-invigorated the brand and led the company to record results,” Rabe added. Gulden takes over amid a deepening slump in Adidas’ home market of Germany and as inflation begins to weigh heavily on consumer spending globally. Chief financial officer Harm Ohlmeyer will lead Adidas until Gulden takes over.

☆ In Nevada, Cortez Masto taunts Laxalt with new ads boasting his family endorsed her
▼ + stars: | 2022-11-05 | by ( Natasha Korecki | Natasha Korecki Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

In the final days of a bitterly fought Senate campaign, Nevada Democratic Sen. Catherine Cortez Masto wants voters to know that 14 members of her rival’s family have chosen to endorse her — not him. “Today we, the undersigned members of the Laxalt family, are writing in support of the re-election of Sen. Catherine Cortez Masto for the U.S. Senate. Cortez Masto’s campaign, in statewide television ads, accused Adam Laxalt of cashing in on his family name even though he was raised in the East Coast. In October, Laxalt responded to the letter from his 14 family members, tweeting: "It’s not surprising that once again a handful of family members and spouses, half of whom do not live in Nevada, and most of whom are Democrats, are supporting a Democrat,"It's the second time Laxalt family members have endorsed his opponent. Former President Barack Obama at a rally for Cortez Masto and other Nevada Democrats this week poked fun at the Laxalt family dynamic.

☆ ByteDance might deserve its most-watched status
▼ + stars: | 2022-10-07 | by ( ) www.reuters.com time to read: +2 min

It’s a good show despite a stalled initial public offering plan, a global tech rout, and a politically difficult reception for its popular short-video streaming app. The company eked out an operating profit, too, in the first three months this year. ByteDance might be eating its rival’s lunch in more ways than one. (By Yawen Chen)Register now for FREE unlimited access to Reuters.com RegisterFollow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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