DIRS.INFO The most relevant business & tech news

☆ Starbucks shares get a lift on one-two punch of activist moves. More upside should be ahead
▼ + stars: | 2024-08-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Activist involvement is heating up at Starbucks , increasing the likelihood that the coffee chain makes changes necessary to boost its languishing stock price. This one-two punch of activist news is sending shares of Starbucks higher by more than 2% Monday, to nearly $77 each. We upgraded our rating on Starbucks' stock to a buy-equivalent rating last month on hopes that Elliott's presence would lead to positive changes inside the company. Board seats aside, Elliott's exact plan to lift Starbucks' stock is not known. This is not the first time Elliott and Starboard have been in a Club stock at the same time.

Persons: Jeff Smith's, It's, John's, Elliott Management —, Jesse Cohn, Cohn, Satya Nadella, Elliott, Jim Cramer, Jim, That's, Laxman Narasimhan, Wells Fargo, Jim Cramer's, Beata Zawrzel Organizations: Street Journal, Olive Garden, Darden, CNBC, Microsoft, Starbucks, Club, Constellation Brands, Nurphoto, Getty Locations: China, North America, Salesforce, Krakow, Poland

Several prominent Democratic figures are set to speak at the Democratic National Convention in Chicago this month, two sources familiar with the plans told NBC News. President Joe Biden, former presidents Barack Obama and Bill Clinton and former Secretary of State Hillary Clinton have been confirmed as speakers at the convention. The Harris campaign last week announced Minnesota Gov. Harris, who is the first Black woman and first Indian American in U.S. history to secure a major party’s presidential nomination, will formally accept the Democratic Party’s nomination at the convention. The Harris campaign raised a historic $310 million last month, and $36 million in the 24 hours after she announced Walz as her running mate.

Persons: Joe Biden, Barack Obama, Bill Clinton, Hillary Clinton, Obama, Jimmy Carter’s, Jason Carter, Donald Trump, Kamala Harris, Biden, Harris, Tim Walz, Walz Organizations: Democratic, Democratic National Convention, NBC News, Biden, Minnesota Gov, United Center Locations: Chicago, Covid

☆ I quit Goldman Sachs to be a stay-at-home dad. More men should look after the kids so women can have careers.
▼ + stars: | 2024-08-11 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a transcribed conversation with Pranshu Dwivedi, 35, from New Delhi, about quitting his job at Goldman Sachs to be a stay-at-home dad. Business Insider verified his employment at Goldman Sachs with documentation. I joined Goldman Sachs as an intern in 2011, and in 2012 I got a full-time job as an analyst working in their Bengaluru office. AdvertisementI loved my experience at Goldman Sachs. I joined Goldman Sachs full-time in 2012, working on the equity research team.

Persons: —, Pranshu Dwivedi, Goldman Sachs, Goldman, I've, Hong Kong Goldman, We'd, wouldn't, She's, I'm, there's Organizations: Service, Goldman, Business Locations: New Delhi, Bengaluru, Hong Kong, Delhi, India

☆ China stocks escaped much of the latest sell-off. Signals for whether to buy
▼ + stars: | 2024-08-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

The latest global market volatility has reinforced China's status as a distinct market, even if its growth has slowed recently. While U.S. tech stocks plunged and Japanese stocks swung wildly in a historic two days of price action , Chinese stocks suffered less . The investors remained net buyers of Chinese stocks for the third quarter so far as of Aug. 6, the data showed. Finally, the low correlation of the China stock market with the U.S. stock market could provide investors with diversification benefits." Chinese stocks, especially those traded on the mainland, have historically been less correlated to global market moves due to Beijing's capital controls and other restrictions.

Persons: Matt Wacher, William Yuen, Invesco, That's, Steven Sun, Paul Christopher, Morningstar's Wacher, it's, Wacher Organizations: Nasdaq, Nikkei, Morningstar Investment Management, U.S, HSBC, Technology, Shanghai —, Bank of, Federal Reserve, Treasury, HSBC Qianhai Securities, National Bureau, Statistics, Wells, Wells Fargo Investment Institute, Index Locations: Asia, U.S, Shanghai, China, Pacific, EPFR, Hong Kong, Bank of China, Wells Fargo

☆ Joe Rogan walks back RFK Jr. support after MAGA meltdown
▼ + stars: | 2024-08-10 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Read previewJoe Rogan wants you to know that calling Robert Kennedy Jr. "the only" presidential candidate who "makes sense" wasn't an endorsement. On Rogan's post, Trump allies continued to insult Rogan's intelligence and trustworthiness. Mike Madrid, a Republican political consultant, told The New York Times that Rogan's support of Kennedy Jr "takes straight from the Trump base." However, a potential deal between the two — in which Kennedy Jr. would receive a cabinet position in exchange for his endorsement — fell through. Representatives for Kennedy, Trump, and Rogan did not immediately respond to requests for comment from Business Insider.

Persons: —, Joe Rogan, Robert Kennedy Jr, Rogan, Kennedy, Donald Trump, Kamala Harris, Bob Gymlan, Robert F Kennedy, MAGA stans, Kennedy Jr, Trump, I'm, Trump's, Lex Fridman's, Ron DeSantis, hasn't, Mike Madrid, James Carville, Kyle Rittenhouse, Rittenhouse, he'd Organizations: Service, Business, Trump, Florida Gov, Republican, New York Times, Biden, Democratic, BBC Locations: Kenosha , Wisconsin

☆ 48-year-old founded 'Moms on Mushrooms' to share the practice of microdosing for mental health
▼ + stars: | 2024-08-10 | by ( Renée Onque | ) www.cnbc.com time to read: +10 min

Tracey Tee founded Moms on Mushrooms, a platform where moms can discuss, both online and in person, their interest and experiences with microdosing psilocybin mushrooms. "Some girlfriends invited me to a camping trip that summer [in 2020] to just camp out with some moms," Tee says. She lives in Colorado where psilocybin mushrooms are legal to grow, use and share. So, Tee sought out an alternative solution for managing her mental health as she began to wean herself off the SSRI: microdosing psilocybin mushrooms. Moms on Mushrooms is the platform Tee created for moms to discuss their interest and experiences with psilocybin mushrooms.

Persons: Tracey Tee, Tee, that's, wean, Tee wasn't, Microdosing, microdosing, Louis, Joshua Siegel, Siegel Organizations: Lancet, Facebook, CNBC, Washington University School of Medicine, Washington University, NYU Langone Health, Center, Psychedelic Medicine, Psychedelic Locations: Colorado, St

☆ This industry is defying America’s slowing job market
▼ + stars: | 2024-08-10 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Enter America’s top job creator: The mighty health care industry. Demand for health care workers remains red hot, according to recent government data on job openings. In June, the health care and social assistance industry had the highest seasonally adjusted job openings rate of any industry, at 7.6%, well above the total rate across the job market of 5.5% that month. That has translated into fatter paychecks for health care workers compared to the general private sector. “Virtually every nurse or health care tech in the country has a job,” Girard said.

Persons: Washington CNN —, there’s, ”, Julia Pollak, ZipRecruiter’s, ” David Mafe, Mafe, it’s, “ We’ve, ” Mafe, “ We’re, Sebastien Girard, Girard, ” Girard, “, Pollak, ” Pollak, “ She’s, She’s Organizations: Washington CNN, Employers, Labor Department, CNN, “, Novant Health Locations: UCHealth, Denver, North Carolina, “, California

The S&P 500 advanced 0.47% to finish at 5,344.16. This week marked the most volatile week of 2024 for the market. The Dow on Monday tumbled 1,000 points, while the S&P 500 lost 3% for its worst day since 2022. At the Monday lows, the S&P 500 was down nearly 10% from its recent all-time high. It is not just equity markets that have had a volatile week.

Persons: Stocks, Spencer Platt, Jay Hatfield, ” Hatfield Organizations: Nasdaq, Dow Jones, Dow, Federal Reserve, New York Stock Exchange, Wall, Treasury, Capital Locations: U.S, unwind, Hatfield, “

The U.S. is in what may end up being its biggest summer wave of Covid, with no end yet in sight. This year’s summer wave also began earlier than last year’s, Jha said. “Besides that, there’s not much that we can sort of put our finger on to say this is what’s driving this summer surge," Pekosz said. Jha said that what happens this winter is impossible to predict but that there could be a silver lining to a large summer wave. “A big summer wave tends to lead to a little bit of a smaller winter wave and vice versa, just because there’s a little bit more immunity in the population,” he said.

Persons: ”, Ashish Jha, “ It’s, ” It's, There's, Maria Van Kerkhove, Van Kerkhove, Rosem Morton, Jha, Andrew Pekosz, “, there’s, Pekosz, Michael Phillips, epidemiologist, ” Phillips Organizations: Brown University School of Public Health, White, Covid, World Health Organization, Centers for Disease Control, The Washington, Getty, Food and Drug Administration, CDC, Johns Hopkins Bloomberg School of Public Health, didn't, NYU Langone Health Locations: U.S, Europe, Washington, Western U.S, Texas, California, Florida, North Carolina, Covid, New York City

☆ An options strategy that will win during a market comeback, while withstanding more volatility
▼ + stars: | 2024-08-09 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

The massive resurgence in volatility (as measured by the Cboe Volatility Index - VIX ) has revealed market vulnerability coupled with significant uncertainty. With the VIX hitting a multi-year high of 65 this week, elevated options premiums offer higher risk/reward scenarios. .VIX YTD mountain Cboe Volatility Index, YTD The VIX, also known as Wall Street's "fear gauge", vaulted above 60 earlier this week, the highest since pandemic induced volatility back in March 2020. In the event you disagree with my bullish view, feel free to take the other side of this trade. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Lehman Organizations: Lehman Brothers, CNBC, NBC UNIVERSAL

☆ How JPMorgan's crackdown on private-equity recruiting could play out for junior bankers, PE firms, and more
▼ + stars: | 2024-08-09 | by ( Emmalyse Brownstein | Reed Alexander | ) www.businessinsider.com time to read: +9 min

JPMorgan's message has become the talk of Wall Street as everyone from recruiters to junior bankers tries to figure out what it might mean for them. Here are 4 ways JPMorgan's missive could impact Wall Street, from private-equity recruiting to junior bankers who fear of losing their jobs and more. But JPMorgan's warning that coming forward could get one fired leaves junior bankers in a damned-if-you-do-damned-if-you-don't scenario. Advertisement"I think probably the biggest impact is going to be on current bankers and prospective bankers," he said. Do you work on Wall Street?

Persons: —, Chase, it's, JPMorgan, It's, Anthony Keizner, who's, Keizner, Goldman Sachs, Morgan Stanley, I'd, Emmalyse, Reed Alexander Organizations: Service, Business, JPMorgan, Wall, Search, Bankers, BI, Citigroup, Bank of America, Deutsche Bank, Barclays Locations: Instagram, New York

☆ I landed a job in venture capital at 24 after changing my career path twice. Here's how I got the coveted job with a varied résumé.
▼ + stars: | 2024-08-09 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +6 min

My first job out of university was at a tech PR firm. I've always liked wearing different hats, and these threads led me to join Playfair, a generalist VC fund. I was so surprised at how relevant my PR experience wasI was so surprised at how relevant my PR experience was because so much of VC is investor relations. If your background is generalist and diverse, that kind of VC fund would likely suit you. But if you started your career with a technical background, you'd perhaps be suited to a deep tech fund.

Persons: Lucia Polverino, —, Piper Sandler, I've, I, Playfair, It's, it's, that's, grads Organizations: Service, Business, KKR, LexisNexis Locations: London, American

☆ My great-aunt is 96 and still lives independently. Here are her 8 secrets to a long and healthy life.
▼ + stars: | 2024-08-09 | by ( Rebecca Strong | ) www.businessinsider.com time to read: +7 min

Read previewMartin Luther King, Jr. once said: "The quality, not the longevity, of one's life is what is important." But at 96 years old, my great-aunt Mary Selby Ferrari is living proof that you can have both — a long and full life. Ferrari, meanwhile, still lives on her own in the independent-living section of a retirement community. She makes it a point to stay informed"I used to be a great reader," Ferrari told me. And she hit the genetic jackpotIt would be impossible to talk about Ferrari's long life without addressing her mother's centenarian status.

Persons: —, Martin Luther King, Jr, Mary Selby Ferrari, Ferrari, COVID, Mary Ferrari, Dan Buettner, who's, hasn't, Barbara Cavalieri, The New York Times she'll Organizations: Service, Business, College of New, Catholic, Blue, Ferrari, MSNBC, The New York Times Locations: College of New Rochelle, New York City, Manhattan

☆ The unemployment insurance program is unprepared for a recession, experts say
▼ + stars: | 2024-08-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

However, the system that workers rely on to collect unemployment benefits is at risk of buckling — as it did during the Covid-19 pandemic — if there's another economic downturn, experts say. Unemployment insurance provides temporary income support to laid-off workers, thereby helping prop up consumer spending and the broader U.S. economy during downturns. There's also wide variation among states — which administer the programs — relative to factors like benefit amount, duration and eligibility, according to the report, authored by more than two dozen unemployment insurance experts. Why the unemployment insurance program buckledJoblessness ballooned in the pandemic's early days. Claims for unemployment benefits peaked at more than 6 million in early April 2020, up from roughly 200,000 a week before the pandemic.

Persons: Joe Raedle, Michele Evermore, There's, Andrew Stettner, NASI, Stettner, haven't, Indivar Dutta, Gupta Organizations: Getty, The Century Foundation, U.S . Labor Department's, National Academy of Social Insurance, Labor, Labor Department, Roosevelt Institute Locations: Florida, Sunrise , Florida, U.S

☆ The hedge fund trade unwind that jolted Wall Street this week may continue to agitate markets
▼ + stars: | 2024-08-09 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

The recent unwinding of the yen "carry trade" could remain a long-term headwind amid already turbulent markets. JPY= YTD mountain The Japanese yen's appreciation against the U.S. dollar marked the unwinding of the so-called carry trade. "There's still quite a significant yen short position out there," Osborne said. He estimates that there is still a roughly $15 billion yen short position through July 30, still to be covered. In other words, that short position could drive more strength in the yen as that position is covered.

Persons: —, Shaun Osborne, Osborne, Everyone's, Rob Ginsberg, Ginsberg, FedWatch, Ben Emons Organizations: Bank of, U.S, Scotiabank, U.S . Federal Reserve, Bloomberg, Wolfe Research, Swiss Locations: Bank of Japan, Japan

☆ Goldman sees nothing 'sinister' ahead like past times market volatility reached these kinds of levels
▼ + stars: | 2024-08-09 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Global markets reached levels of turbulence rarely seen this week, but traders at Goldman Sachs are unfazed and don't believe it is a sign of a big danger lurking. The S & P 500 and Dow Jones Industrial Average on Monday suffered their biggest one-day declines since 2022. The market then roared back with the S & P 500 posting its biggest gain since 2022 on Thursday. After the late-week comeback, the S & P 500 is only down for the week by about half a percent. .VIX 5D bar Wild week for VIX Goldman traders expect gains going forward, but they see the path higher as a "choppy" one.

Persons: Goldman Sachs, Wall Street's, Goldman, VIX Goldman, Morgan Stanley, Eli Lilly, LLY Organizations: Goldman, Dow Jones, Monday, JPMorgan, pharma

☆ I had a remote tech job at Amazon, but then RTO kicked in. I quit after they asked me to move to another city.
▼ + stars: | 2024-08-09 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

In July 2022, three months after graduating, I started a full-time software engineering job at Amazon after applying and interviewing for the role. I enjoyed working remotely at AmazonWhen I started working at Amazon, the job was fully remote. I went into the Toronto office a couple of times, but it was super empty. I visited the Vancouver office twice when the company flew me out for social events. Amazon asked employees to RTO and, in some cases, relocate to a new cityI liked remote work and not having to waste time commuting.

Persons: —, Gazi Jarin, I'd Organizations: Service, Business, Amazon, Toronto Locations: Vancouver, Toronto, COVID, Seattle

☆ A 68-year-old cofounded a biotech business instead of retiring. He's not getting paid for his work but values staying 'mentally engaged.'
▼ + stars: | 2024-08-08 | by ( John Towfighi | ) www.businessinsider.com time to read: +5 min

Two years ago, when he was 68, that opportunity arose: McCaman cofounded Orion Therapeutics, a small company developing new ways for RNA medicine to reach specific areas of the human body. AdvertisementMcCaman, now 70, is the vice president and chief strategy officer at Orion Therapeutics. McCaman is passionate about staying engaged with his interests and said remote work has enabled him to extend his career. McCaman and Fischer launched Orion with Deidra Mountain, a University of Tennessee professor, and Jennifer Zachry, a graduate student. Are you a baby boomer who founded a small business?

Persons: —, Michael McCaman, McCaman, It's, Davis, Intellia, Trey Fischer, Fischer, Jennifer Zachry, there's, John Deere Organizations: Service, Orion Therapeutics, Business, University of California San, University of California, Intellia Therapeutics, University of Tennessee, Orion, University of Tennessee Research Foundation, Launch Locations: Frederick , Maryland, Knoxville , Tennessee, University of California San Diego, California, Lonza, Maryland, Launch Tennessee

Michael Bloomberg’s organization Bloomberg Philanthropies is announcing a $600 million gift to the endowments of four historically Black medical schools. Xavier University of Louisiana, which is opening a new medical school, will also receive a $5 million grant. The donations will more than double the size of three of the medical schools’ endowments, Bloomberg Philanthropies said. The four historically Black medical schools are still deciding with Bloomberg Philanthropies how the latest gifts to their endowments will be used, said Garnesha Ezediaro, who leads Bloomberg Philanthropies’ Greenwood Initiative. Dr. Yolanda Lawson, president of the National Medical Association, said she felt “relief,” when she heard about the gifts to the four medical schools.

Persons: Michael Bloomberg’s, Bloomberg Philanthropies, ” Bloomberg, Charles Drew, Garnesha Ezediaro, Ezediaro, ” Ezediaro, Valerie Montgomery Rice, we’ve, ”, Ronda Stryker, William Johnston, Denise Smith, Spelman, Smith, MacKenzie Scott’s, ” Smith, Yolanda Lawson, Utibe Organizations: Bloomberg, New, New York City, National Medical Association, Associated Press, Howard University College of Medicine, Meharry Medical College, Morehouse School of Medicine, Charles, Charles Drew University of Medicine & Science, Xavier University of Louisiana, Johns Hopkins University, Greenwood Initiative, Democratic, United Negro College Fund, Spelman College, Greenleaf Trust, The Century Foundation, David Geffen School of Medicine, UCLA, NBC Locations: New York, Tulsa , Oklahoma, Atlanta, Ronda

Stock futures pointed to a mild market bounceback following a significant sell-off Monday that left major indexes with their worst day in nearly two years. ET Tuesday, Dow Jones Industrial Average futures, S&P 500 futures, and and Nasdaq futures were each up about 0.4%. The recovery comes as Japan's Nikkei stock index, which saw its worst day in a generation Monday, rallied for its best day since 2008, surging 10.2%Still, Tuesday's gains are unlikely to make up for the losses stocks suffered Monday. Torsten Slok, chief economist at Apollo Global Management, said in a note Tuesday that the economy remains in decent shape. "If the economy were crashing, default rates would be spiking higher, and that is not what the data shows.” he wrote.

Persons: Dow, Goldman Sachs, Torsten Slok, ” Organizations: Dow Jones Industrial, Nasdaq, Nikkei, Federal, Citibank, Federal Reserve, Citi, Fed, Apollo Global Management Locations: U.S

☆ They moved from the US to Italy to save their marriage. Here’s how that worked out
▼ + stars: | 2024-08-06 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +8 min

Christina Sobolev, pictured, and her husband Pete bought and renovated a home in Santa Domenica Talao, Italy back in 2009. Chris Sobolev“A little over 15 years ago, Pete and I made the decision to purchase a property in Italy,” Christina Sobolev tells CNN. They then moved to Santa Domenica Talao, a village they’d first visited in 2009, and spent three to four years renovating the two-bedroom home. “Santa Domenica was initially a town with many abandoned houses falling into disrepair. “Once we had Santa Domenica Talao up and rolling, real estate agents in the area contacted us and wanted to work with us.

Persons: Christina, Pete Sobolev, who’ve, Pete, they're, Sobolev, Christina Sobolev, “, Santa Domenica, ”, Chris Sobolev, they’ve, Domenica, Casa, They’ve, ‘, what’s Organizations: CNN, Vita, Super, European Union Locations: San Jose , California, Santa Domenica, Scalea, Calabria, Italian, Italy, California, Santa, ”, Puglia, Tuscany, Latvian, Latvia, Aieta

☆ The Zombie Pharmacies That Are Holding Back New York City Retail
▼ + stars: | 2024-08-06 | by ( Stefanos Chen | Lucía Vázquez | ) www.nytimes.com time to read: +1 min

Over a million square feet of retail space is empty in vacant chain-drugstore locations across New York City. Aug. 6, 2024An empty Duane Reade, steps from Wall Street, darkens a landmark office building. Scores of chain drugstores that once anchored shopping hubs across New York City remain shuttered even as much of the city’s storefront real estate has bounced back from the Covid-19 pandemic. The result is over a million square feet of prime real estate collecting dust in some of the busiest commercial districts, according to a new analysis of the city’s pharmacy market. And critics say the stores have become neighborhood eyesores that attract illegal activity and detract from nearby businesses.

Persons: Duane Reade, Murray Hill Organizations: Walgreens Locations: New York City, darkens, Murray, Astoria

☆ UK riots: Rotherham residents despair after riot at hotel housing asylum seekers
▼ + stars: | 2024-08-06 | by ( Christian Edwards | ) edition.cnn.com time to read: +12 min

Ninzr said he had lived in the Rotherham hotel since he arrived, but was at another processing center when the riot broke out. Several passers-by referenced unfounded rumors that hotel residents have abused local women. CNN asked South Yorkshire police if they have received complaints about the behavior of the hotel residents, but have not yet received a response. With more demonstrations planned for this week, do the residents near the Rotherham hotel fear more violence? “After seeing our community come out today, no,” said the man who lived through the London riots.

Persons: “, ”, –, Keir Starmer, Starmer, ’, Conservative government’s, Ninzr, Danny Lawson, I’ve, Rachel Reeves, They’ve, they’ve, They’d, they’re, she’d, “ I’ve, Elliott Nuttall, ‘, you’re, CNN Ibrar, Javid, Henry Nicholls Organizations: Rotherham, England CNN, CNN, Reuters, AFP, Conservative, South, South Yorkshire police, Facebook, Stringer, National, Mosque, Downing, Southport, Police, Labour, PA Media Locations: England, Rotherham, British, London, Southport, Afghanistan, Herod, France, Rwanda, Birmingham, Rotherham , South Yorkshire, South Yorkshire, Sheffield

☆ Harris set to name running mate as global turmoil rocks an already surreal campaign
▼ + stars: | 2024-08-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

In the final hours of her search after a compressed vetting period, Harris narrowed in on two candidates — Pennsylvania Gov. Tim Walz, 60, sources told CNN, although Arizona Sen. Mark Kelly remained in the running as of Monday afternoon. But perception is often as important as reality in a presidential race. A critical choiceThe choice of a running mate is the first, most critical decision a party nominee makes. Still, Harris’ strong start appears to have restored the election to a neck-and-neck race, according to recent surveys.

Persons: Kamala Harris, Donald Trump flailing, Harris, Joe Biden’s, Josh Shapiro, Tim Walz, Arizona Sen, Mark Kelly, Shapiro, Walz, Trump, Biden, Harris ’, White, Barack Obama, Republican John McCain, Ismail Haniyeh, Israel’s, Benjamin Netanyahu, Jake Auchincloss, “, CNN’s Kasie Hunt, Harris Trump, Kamala, ”, it’s, Ohio Sen, JD Vance, Sarah Palin, —, don’t Organizations: CNN, Republican, Minnesota Gov, Democratic, Trump, Dow Jones, US, Federal Reserve, Biden, United States ., Israeli, Massachusetts Democrat, Ohio, Democratic National Convention, White Locations: Philadelphia, Arizona, Wisconsin, Michigan, Israel, United States, Iraq, Iran, Tehran, Gaza, Massachusetts, Chicago, Atlanta, Pennsylvania

☆ Bloomberg gives $600 million to 4 Black medical schools’ endowments
▼ + stars: | 2024-08-06 | by ( Associated Press | ) edition.cnn.com time to read: +6 min

NEW YORK AP —Michael Bloomberg’s organization Bloomberg Philanthropies is announcing a $600 million gift to the endowments of four historically Black medical schools. Xavier University of Louisiana, which is opening a new medical school, will also receive a $5 million grant. The donations will more than double the size of three of the medical schools’ endowments, Bloomberg Philanthropies said. The four historically Black medical schools are still deciding with Bloomberg Philanthropies how the latest gifts to their endowments will be used, said Garnesha Ezediaro, who leads Bloomberg Philanthropies’ Greenwood Initiative. Dr. Yolanda Lawson, president of the National Medical Association, said she felt “relief,” when she heard about the gifts to the four medical schools.

Persons: Michael Bloomberg’s, Bloomberg Philanthropies, ” Bloomberg, Charles Drew, Garnesha Ezediaro, Ezediaro, ” Ezediaro, Valerie Montgomery Rice, we’ve, ”, Ronda Stryker, William Johnston, Denise Smith, Spelman, Smith, MacKenzie Scott’s, ” Smith, Yolanda Lawson, Utibe Organizations: Bloomberg, New, New York City, National Medical Association, Associated Press, Howard University College of Medicine, Meharry Medical College, Morehouse School of Medicine, Charles, Charles Drew University of Medicine & Science, Xavier University of Louisiana, Johns Hopkins University, Greenwood Initiative, Democratic, United Negro College Fund, Spelman College, Greenleaf Trust, The Century Foundation, David Geffen School of Medicine, UCLA Locations: New York, Tulsa , Oklahoma, Atlanta, Ronda

Search resuls for: "COVID-19"

25 mentions found