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President Biden’s trillion-dollar effort to invigorate American manufacturing and speed a transition to cleaner energy sources is colliding with a surge of cheap exports from China, threatening to wipe out the investment and jobs that are central to Mr. Biden’s economic agenda. Mr. Biden is weighing new measures to protect nascent industries like electric-vehicle production and solar-panel manufacturing from Chinese competition. On Wednesday in Pittsburgh, the president called for higher tariffs on Chinese steel and aluminum products and announced a new trade investigation into China’s heavily subsidized shipbuilding industry. “I’m not looking for a fight with China,” Mr. Biden said. “I’m looking for competition — and fair competition.”Unions, manufacturing groups and some economists say the administration may need to do much more to restrict Chinese imports if it hopes to ensure that Mr. Biden’s vast industrial initiatives are not swamped by lower-cost Chinese versions of the same emerging technologies.
Persons: Biden’s, Biden, , ” Mr Organizations: Locations: China, Pittsburgh
Leonardo DiCaprio was in talks to star in "Batman v Superman: Dawn of Justice," director Zack Snyder said. If DiCaprio had taken the role, it would have broken his "no superhero movies" rule. AdvertisementLeonardo DiCaprio was one of the actors in talks to play Lex Luthor in "Batman v Superman: Dawn of Justice," director Zack Snyder said. He followed it up with "Batman v Superman" in 2015, which pits Batman (Ben Affleck) against Superman (Henry Cavill), while Lex Luthor (Jesse Eisenberg) pulls the strings from the shadows and experiments with Kryptonian technology. I think DiCaprio, he had a lot of great ideas actually just in the meeting.
Persons: Leonardo DiCaprio, Zack Snyder, Snyder, DiCaprio, Lex Luther, , Lex Luthor, James Gunn, Peter Safran, They're, David Corenswet, Ben Affleck, Henry Cavill, Jesse Eisenberg, NME, Luthor, Timothée Chalamet, He's, Gilbert, Oscar, Max, Nicholas Hoult Organizations: Service, DC, Rotten, Justice League, British Vogue Locations: British, Hollywood
Gold futures settled at a record high above $2,400 an ounce this week. The precious metal is coming off its third straight week of gains. Gold is often used as an inflation hedge because of its limited supply. @GC.1 YTD mountain Gold Professional speculators' net-long positions in gold futures and options hovered near the highest level since 2020 as of April 9, according to the Commodity Futures Trading Commission's latest data. The hedge fund star revealed that not only did he own the popular SPDR Gold Trust fund (GLD), but he also bought physical bars.
Persons: James Steel, David Neuhauser, Neuhauser, Greenlight Capital's David Einhorn, Einhorn Organizations: Citi, Investors, HSBC Securities, Gold, Commodity, Livermore Partners, CNBC, Trust, Deutsche Bank Locations: Northbrook , Illinois
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPres. Biden recognizes the importance of investing in American manufacturing: CEA chair BernsteinJared Bernstein, President Biden’s Council of Economic Advisers chair, joins 'Squawk Box' to discuss Biden administration's calls for tripling of tariffs on Chinese-made steel and aluminum, the potential inflationary impact of the tariffs, state of the U.S. economy, and more.
Persons: Pres, Biden, Bernstein Jared Bernstein Organizations: Biden’s, Economic Advisers Locations: U.S
President Joe Biden is calling on the U.S. Trade Representative to triple the China tariff rate on steel and aluminum imports as he makes the rounds in the key battleground state of Pennsylvania. Biden's demand to raise the current 7.5% average tariff on steel and aluminum is an effort to make clear that his administration's recent warnings about China's trade practices are not empty threats. In an interview with CNBC's Sara Eisen, Yellen said that tariffs were not off the table if those overcapacity qualms went unaddressed. As China shrugs off the overcapacity concerns, the Biden administration is doubling down on what it perceives as the threat to global trade. "China's policy-driven overcapacity poses a serious risk to the future of the American steel and aluminum industry," National Economic Council Director Lael Brainard said on a call with reporters on Tuesday.
Persons: Joe Biden, Xi Jinping, Janet Yellen, CNBC's Sara Eisen, Yellen, China shrugs, Biden, Lael Brainard Organizations: Economic Cooperation, U.S . Trade, United Steelworkers, Economic Locations: Asia, San Francisco, China, Pennsylvania, Pittsburgh
The tariffs Mr. Biden will propose raising on Wednesday were initially imposed by Mr. Trump when he was president. Mr. Biden’s stop in Pittsburgh is part of a three-day swing through Pennsylvania, a crucial battleground state that he narrowly won in 2020 and has visited more than any other. The president’s campaign is hoping to mobilize support from organized labor, a traditionally Democratic constituency from which Mr. Trump has pulled some support. On Tuesday, Mr. Biden spoke at the local union of the United Brotherhood of Carpenters and Joiners in Scranton, Pa., his hometown. “Donald Trump looks at the world differently than you and me,” Mr. Biden said in a speech that signaled his campaign’s intention to make the 2024 election a referendum on Mr. Trump.
Persons: Biden, Katherine Tai, Mr, ” Lael Brainard, Janet L, Yellen, , Lloyd J, Austin III, Biden’s, Donald J, ” Mr, Trump, “ Donald Trump, ” Alan Rappeport, Michael D, Shear Organizations: United Steelworkers Union, U.S, Economic Council, International Monetary Fund, Trump, CNBC, Mr, Democratic, United Brotherhood of Carpenters Locations: China, Pittsburgh, U.S, Mexico, America, Beijing, United States, Biden’s, Japan, Philippines, South China, Pennsylvania, Joiners, Scranton, Pa, Mar
President Biden on Wednesday will call on his trade representative to more than triple some tariffs on steel and aluminum products from China, as part of a series of moves meant to help cushion American manufacturers from a surge of low-cost imports. Speaking to the United Steelworkers Union in Pittsburgh, Mr. Biden will ask the U.S. trade representative, Katherine Tai, to increase tariffs to 25 percent on certain Chinese products that currently face tariffs of 7.5 percent — or no tariffs at all — U.S. officials said. Mr. Biden will also announce a new trade representative investigation into China’s aggressive support for shipbuilders and other related industries, in response to a union complaint. And he will announce new initiatives to work with Mexican officials to block China from evading American steel tariffs by routing its exports through Mexico. The moves represent an escalating effort by Mr. Biden and his aides to stop a flood of low-cost Chinese exports from undermining made-in-America products — and jeopardizing a central focus of Mr. Biden’s economic agenda.
Persons: Biden, Katherine Tai, Mr Organizations: United Steelworkers Union, U.S Locations: China, Pittsburgh, U.S, Mexico, America
Travelers — Shares fell nearly 5% after the insurance company reported an earnings and revenue miss for its first quarter. Revenue was $10.18 billion compared with the $10.51 billion expected. J.B. Hunt Transport Services — Shares sank 8% a day after the transportation and logistics company reported an earnings and revenue miss for its first quarter. ASML Holding — U.S.-listed shares sank 5% after the Dutch semiconductor company posted revenue and new bookings that came in below consensus estimates. Omnicom — The stock added nearly 3% a day after the communications company reported an earnings and revenue beat for its first quarter.
Persons: Eli Lilly, ResMed, Eli Lilly's, Zepbound, J.B, Hunt, Joe Biden, TD Cowen, Ferrari, Bernstein, , Dealbook, Kate Spade, Jesse Pound, Hakyung Kim, Sarah Min, Fred Imbert Organizations: LSEG, Revenue, Travelers, United Airlines, Hunt Transport, ASML, Urban, Jefferies, Autodesk, Alcoa, United Steelworkers, Ferrari, Abbott, Abbott Laboratories, New York Times, Federal Trade Commission Locations: J.B, China, Pittsburgh
CNN —President Joe Biden called on his administration to ratchet up pressure on the Chinese steel industry as he brings his economic competition pitch to Pittsburgh, the heart of the American steel industry, on Wednesday, part of a three-day campaign trail swing through battleground Pennsylvania. The trip comes after Biden last month publicly opposed a controversial $14 billion deal for Japan’s Nippon Steel to purchase US Steel. President Biden will not impose ineffective, across-the-board tariffs that would increase costs and harm hundreds of thousands of jobs,” the official said. The United Steelworkers, a key union representing workers in the steel industry, endorsed Biden’s reelection campaign last month. Trump made tariffs against China a central feature of his global economic strategy, and Biden has largely maintained them, despite external criticism.
Persons: Joe Biden, ” Biden, Biden, Donald Trump, Katherine Tai, , Tai, Lael Brainard, ” Brainard, “ They’re, ” , , Biden’s, he’s, Trump, Xi Jinping, Lloyd Austin, CNN’s Chris Isidore, Arlette Saenz, Kevin Liptak Organizations: CNN, United Steelworkers, United States Trade, National Economic, of, Japan’s Nippon Steel, US Steel . US Steel, Justice Department, Foreign Investment, US Steel, , American, steelworkers, Biden, Trump Locations: Pittsburgh, Pennsylvania, China, America, Scranton, Philadelphia, New York City, United States, American
Quarterly revenue came in at $12.54 billion, topping an LSEG estimate of $12.45 billion. Travelers said it generated $4.69 in earnings per share on $10.18 billion in revenue. Interactive Brokers — Shares popped 3% after Interactive Brokers posted quarterly results that came in slightly ahead of Wall Street's expectations. J.B. Hunt posted earnings of $1.22 per share on $2.94 billion in revenue. Alcoa is set to report earnings after the bell.
Persons: LSEG, Eli Lilly, ASML, Hunt, Kate Spade, Abbott, Joe Biden's, Jefferies, , Jesse Pound, Hakyung Kim, Pia Singh, Michelle Fox, Alex Harring, Sarah Min Organizations: United Airlines —, Travelers Companies, Travelers, U.S, Interactive, Hunt Transport Services, The New York Times, Federal Trade Commission, Versace, Capri Holdings, Autodesk —, Autodesk, Bancorp — U.S, Bancorp, Abbott Laboratories, FactSet, Alcoa Locations: China
President Biden on Wednesday called for major increases to some tariffs on steel and aluminum products from China, speaking to members of a national steelworkers union in Pittsburgh as he vies with former President Donald J. Trump for votes in Northern industrial states. “These are strategic and targeted actions that are going to protect American workers and ensure fair competition,” Mr. Biden told a crowd of about 100 union members at the United Steelworkers, which endorsed him last month. “Meanwhile, my predecessor and the MAGA Republicans want across-the-board tariffs on all imports, from all countries, that could badly hurt American consumers.”The Biden administration has argued that a flood of low-cost exports from China is undermining American-made products — jeopardizing Mr. Biden’s push to expand U.S. manufacturing, a central focus of his economic agenda. In his speech, Mr. Biden said he would ask the U.S. trade representative, Katherine Tai, to increase tariffs to what White House officials said would be 25 percent on certain Chinese products that now face tariffs of 7.5 percent, or none at all, pending the outcome of an administration review of the China tariffs initially imposed under Mr. Trump.
Persons: Biden, Donald J, Trump, ” Mr, MAGA, , Biden’s, Katherine Tai Organizations: steelworkers union, United Steelworkers, MAGA Republicans, White, Mr Locations: China, Pittsburgh, Northern, American, U.S
Valdis Dombrovskis, Vice-President of the European Commission for the Euro & Social Dialogue, photographed at the Renaissance Harbour View Hotel in Wan Chai. 02DEC17 SCMP/ Xiaomei Chen (Photo by Chen Xiaomei/South China Morning Post via Getty Images)The European Union's trade chief on Wednesday warned against the "weaponization" of trade amid the latest ratcheting up of tensions between the U.S. and China. EU trade commissioner Valdis Dombrovskis told CNBC that he did not believe trade "protectionism" was the answer to heightened geopolitical tensions, but insisted that the bloc was willing to defend itself in the new trade environment. "The geopolitical landscape is changing, it's getting more fragmented, it's getting more conflictual, we see the weaponization of trade. So we need to equip ourselves also as the European Union to function in this more conflictual world," Dombrovskis told CNBC's Karen Tso.
Persons: Valdis Dombrovskis, 02DEC17, Xiaomei Chen, Chen Xiaomei, Dombrovskis, Karen Tso, Mario Draghi, Joe Biden, Katherine Tai Organizations: European Commission, South China Morning, Getty, U.S, CNBC, European Union, European Central Bank, U.S . Trade Locations: Wan Chai, South, China, EU, Pennsylvania, U.S
United Airlines : Shares surged more than 10% after the airline reported a smaller-than-expected quarterly loss and offered upbeat guidance for the second quarter. It wants them to be able to raise a lot, and that's what you got," Jim Cramer said. J.B. Hunt : Shares tumbled more than 9% after the company missed Wall Street expectations on the top and bottom lines. "One of the absolute few situations where the Fed is winning, but that's because there's too much supply," Cramer said. Tapestry owns the Coach, Kate Spade and Stuart Weitzman brands.
Persons: Jim Cramer's, Jim Cramer, J.B, Cramer, Michael Kors, Kate Spade, Stuart Weitzman, Joe Biden Organizations: CNBC, Club, United Airlines, ASML, Federal Trade Commission, Capri Holdings, The New York Times . Tapestry, Alcoa Locations: Pittsburgh
Wes Moore swiftly leaned on his military training when he learned about the Key Bridge collapse. The bridge collapse has led to the temporary closure of the critical Port of Baltimore. Wes Moore of Maryland received a call with news that seemed unthinkable. Advertisement"When I got the call, it immediately kicked you into your training," Moore said of his reaction to news of the bridge collapse. When discussing the bridge collapse that triggered the temporary closure of the Port of Baltimore, Moore told me that he held onto the mindset of expecting the unknown.
Persons: Wes Moore, , Francis Scott Key, Moore Organizations: Service, Gov, Maryland, Democratic, Army Locations: of Baltimore, Patapsco, Port of Baltimore, Afghanistan
Read previewHenry Cavill has moved past his scrapped Superman return and onto new projects, but he can still crack jokes about what could have been. In his introductory remarks before a screening of his new Guy Ritchie movie "The Ministry of Ungentlemanly Warfare" attended by Business Insider, Cavill made a subtle dig at his Man of Steel drama with DC Studios and WB. While praising his collaboration with Ritchie, Cavill noted that he'd worked with the director before, when he had a lead role in the 2015 spy film "The Man from U.N.C.L.E." I will, after all, not be returning as Superman," Cavill wrote. He also reunited with Ritchie already for the director's upcoming 2025 film "In the Grey," which will also re-team him with his "Ministry of Ungentlemanly Warfare" costar Eiza González.
Persons: , Henry Cavill, Guy Ritchie, Cavill, Ritchie, he'd, Armie Hammer, Alicia Vikander, King Arthur :, Charlie Hunnam, who'd, King Arthur, he's, Adam, Dwayne, Johnson, Zack Snyder's, James Gunn, Peter Safran, Henry, Gunn, Safran, James, Peter, Cavill hadn't, Gus March, Phillipps, Eiza González Organizations: Service, Business, DC Studios, WB, Ungentlemanly, Hollywood, renegades, Ministry, Lionsgate
In an unprecedented trial, Mr. Trump is spending most of this week, and much of the coming month or two, in a Manhattan courtroom facing criminal charges. In 2020, he narrowly defeated Mr. Trump in Pennsylvania by about 80,000 votes. “I went to school here, right?” Mr. Trump, a graduate of the Wharton School of the University of Pennsylvania, reminded his audience. They say it is imperative that Mr. Biden campaign in western Pennsylvania, as well as swing areas like Erie County, which Mr. Biden flipped in 2020. Mr. Trump said last week that he would not, reversing a position he held during his term in the White House.
Persons: Biden, Donald J, ” Michael Tyler, Trump, Mr, , Trump’s, Michael Gold Organizations: Trump, Biden, Affordable, Mr, Wharton School, University of Pennsylvania, Scranton, Pittsburgh, United Steelworkers . Unions, Democrats, U.S . Steel, steelworkers, Democratic National Committee, Democratic Locations: Pennsylvania, Scranton, Manhattan, Israel, Michigan, Wisconsin, Philadelphia, Erie County, Arizona, Schnecksville, Pa
Read previewHenry Cavill and his girlfriend Natalie Viscuso are gearing up for a major milestone in their relationship: parenthood. October 27, 2022: Cavill and Viscuso make their red carpet debut at the world premiere of 'Enola Holmes 2'Henry Cavill and Natalie Viscuso at the world premiere of "Enola Holmes 2" at The Paris Theater on October 27, 2022, in New York. Advertisement"Partnering with Natalie Viscuso at Vertigo has been a blessing beyond words, without her we might not have found the perfect home at Amazon," he added. June 28, 2023: Viscuso supports Cavill at the season 3 premiere of 'The Witcher'Henry Cavill and Natalie Viscuso at the world premiere of season three of "The Witcher" on June 28, 2023, in London. January 24, 2024: Viscuso supports Cavill during the press tour for 'Argylle'Henry Cavill and Natalie Viscuso at the world premiere of the film "Argylle" on January 24, 2024, in London.
Persons: , Henry Cavill, Natalie Viscuso, Clark Kent, Viscuso, Natalie, Henry, he's, Cavill, Enola Holmes, Evan Agostini, Sherlock Holmes, Millie Bobby Brown, James Cameron's, Jordan Strauss, James Cameron, Scott Garfitt, Viscuco, Viscuso's, Scott A, Matthew Vaughn's, Argylle, Matthew Vaughn, Guy Ritchie's, Gus, Phillips Organizations: Service, Vertigo Entertainment, Legendary Entertainment, Business, Daily Mail, Hollywood, Paris Theater, The Paris Theatre, Dolby Theatre, Netflix, NYC, Ungentlemanly Locations: London, New York, New York City, Los Angeles, Rivia, South Korea
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpposition to Nippon Steel buyout of U.S. Steel '100% because of the election': Research firmTimna Tanners, managing director at Wolfe Research, discusses U.S. lawmakers' opposition to the proposed $14.9 billion acquisition of U.S. Steel by Japan's Nippon Steel, saying "in a normal year, I think this would've been approved, it would've gone through, we wouldn't be talking about this." U.S. Steel shareholders have voted in favor of the takeover bid.
Persons: Timna Tanners Organizations: Opposition, Nippon Steel, U.S . Steel, Research, Wolfe Research, U.S, Steel, Japan's Nippon Steel Locations: U.S
Final Trades: Shell, Freeport-McMoran and Steel Dynamics
  + stars: | 2024-04-15 | 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 EmailFinal Trades: Shell, Freeport-McMoran and Steel DynamicsThe Investment Committee give you their top stocks to watch for the second half.
Organizations: Shell, Steel Dynamics The Investment Locations: Freeport, McMoran
But life at an American school was only a part-time gig for me. Related storiesIn Texas, a good education meant moving into the "good" neighborhoods to be zoned for the "good" schools. In Saudi, it meant succumbing to private school tuition, as only international private schools taught in English. My schedule was packed in Saudi ArabiaMy backpack was jam-packed with thick books from the sheer number of subjects we had to juggle in Saudi schools. I missed the posters stapled on tops of posters with dangling flyers that colored the walls of my American schools.
Persons: , didn't Organizations: Service, West University, Houston, Business, Saudi Locations: Texas, Saudi Arabia, Houston, Cowboy, Saudi
Philadelphia CNN —Bilal Motley, utilities manager at a former Philadelphia oil refinery, was working the graveyard shift when a massive explosion broke out in the early morning hours of June 21, 2019. “This oil refinery was talked about and passed down through generations,” Sanders said. Rachael WarrinerPES is no longer functioning as a refining company, but Sunoco, whose subsidiary Evergreen owned the former PES site, did not respond to requests for comment. The PES refinery complex was the largest source of particulate air pollution in Philadelphia. Hilco Redevelopment PartnersBut UPenn’s Neises said given the scale and history of the property, Hilco will need to take its time to redevelop the area of redevelopment.
Persons: Philadelphia CNN — Bilal Motley, I’m, ” Motley, , , Motley, trekked, Hilco, Ellen Neises, they’ll, Sonya Sanders, Sanders, ” Sanders, , Rachael Warriner, Rachel Ramirez, Phil Rinaldi, Matt Rourke, Mike Smith, ” Roberto Perez, Amelia Chasse Alcivar, UPenn’s Neises, Neises, she’s, you’re, Philly Thrive’s Sanders, there’s Organizations: Philadelphia CNN, Philadelphia Energy Solutions, US Chemical Safety, Hazard Investigation, Hilco, Partners, CNN, University of Pennsylvania’s Weitzman, of Design, longtime, Evergreen, PES, Environmental Protection Agency, Drexel University, University of Pennsylvania’s School of Medicine, Philadelphia International Airport, City of, City of Philadelphia Refinery Advisory, Hilco Redevelopment Partners, Industrial Realty, ., Philadelphia Energy Solutions Refining, United Steelworkers Union, Oil Bargaining, EPA, Locations: Philadelphia, East, Schuylkill, New York City, Chicago, longtime South Philadelphia, South Philadelphia, Grays Ferry, Breeze, City of Philadelphia, New York, Delaware, Pennsylvania, Bellwether District, , Bellwether
Raul Rubiera | Miami Herald | Getty ImagesWhen Carolyn Lamb saw news of Cuban spy Victor Manuel Rocha's arrest on the news last December, she recognized him immediately. The lower the value of the claims, the less the Cuban government would have to pay in any future negotiated settlement. Ashby assumed Rocha's paranoia about eavesdropping was in response to the George W. Bush administration's opposition to the Cuba claims buying business. But according to the Justice Department, by that point Rocha was already in his third decade as a Cuban agent. File photo of former US ambassador to Bolivia, Manuel Rocha, talking to the press on the 11th of July 2001.
Persons: V, Manuel Rocha, Steel Hector, Davis, Raul Rubiera, Carolyn Lamb, Victor Manuel Rocha's, Rocha, Lamb, Lamb's, Castro, Justin Solomon, CNBC Castro didn't nationalize, of Rocha, Fidel Castro's, It's, Jason Poblete, Poblete, John Kavulich, Sears Roebuck, Timothy Ashby, Ashby couldn't, Ashby, George W, Bush, Little, Covert, Gonzalo Espinoza Organizations: Miami Herald, Steel, Cuban, US State Department, National Security, Cuban Telephone Company, " Beverage Company, CNBC, Pepsi, General Electric, Century Fox, Cuba Trade, Economic Council, Justice Department, Citizen, State Department, National Security Council, DOJ, Cubans, FBI, AFP, Getty Locations: America, Omaha, Bolivia, Cuba, Havana, United States, Cuban, Rocha, Columbia, Dominican Republic, Honduras, Mexico, Argentina, Miami, Chile
Dr. Martin Luther King Jr. was stabbed with a seven-inch steel letter opener. The woman who stabbed him was named Izola Ware Curry. The many Izola Ware Currys in New York today are far more likely to find themselves in jail, or relegated to street corners and subway stations, than they are to receive comprehensive treatment. This disconnect can set the stage for people with mental illness to be both victims and perpetrators of real violence. Mental illness isn’t a crime, and jail isn’t the answer for those experiencing it.
Persons: Martin Luther King Jr, Izola Ware Curry, King, , Ware Locations: Harlem, New York
Diptych, dyad, dialectic: The relationship between the first pair of buildings Philip Johnson designed for his estate in New Canaan, Conn., has taxed the metaphorical imaginations of critics and architectural historians since the structures were completed, just months apart, in 1949. On one side, the Glass House, transparent and entirely self-possessed, a work of modernist daring framed in steel and inspired, as Johnson was only too happy to admit, by the designs of his hero, the German architect Ludwig Mies van der Rohe. On the other, the Brick House, sometimes called the Guest House, hiding behind its inscrutable exterior the bedroom Johnson called his “sex room,” as well as the mechanical equipment serving its more glamorous relative 105 feet away. Point, counterpoint. You could write a book about the Freudian relationship between the two buildings, linked by a tunnel carrying water and power — a connection Johnson called the “umbilical cord.” And in fact somebody has: Adele Tutter, associate clinical professor of psychiatry at Columbia University, whose 2016 study “Dream House: An Intimate Portrait of the Philip Johnson Glass House” observes that the architect, fully exposed “in his transparent house, nevertheless remained ever-connected to a source of warmth and sustenance, hidden behind a forbidding and impenetrable facade, in a house of earthen brick.”
Persons: Philip Johnson, Johnson, Ludwig Mies van der, Adele Tutter Organizations: Glass, Brick, Columbia University, Philip Johnson Glass Locations: New Canaan, Conn, Ludwig Mies van der Rohe
Nearly three years after a series of suicides shut down the Vessel, the 150-foot-tall centerpiece of the Hudson Yards complex in Manhattan, the project’s developer said on Friday that it would reopen this year with new safety measures. The beehive-shaped sculpture, with a labyrinth of about 2,500 steps and 80 landings, opened in 2019, along with much of the rest of Hudson Yards, a gleaming development in Midtown West. Not long after, in February 2020, a 19-year-old, Peter DeSalvo III, died by suicide there. The attraction will reopen once “floor-to-ceiling steel mesh” has been installed on several staircases, said Kathleen Corless, a spokeswoman for Related Companies, the developer of Hudson Yards. The measure will preserve the “unique experience that has drawn millions of visitors from around the globe,” the company said in a statement.
Persons: Peter DeSalvo III, Kathleen Corless Organizations: Hudson, Related Companies, Hudson Yards Locations: Manhattan, Hudson, Midtown West
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