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☆ Indy500: How to watch ‘the biggest sporting event in the world’ where Katherine Legge will be the only woman on the start line
▼ + stars: | 2023-05-28 | by ( Thomas Schlachter Don Riddell | Thomas Schlachter | Don Riddell | ) edition.cnn.com time to read: +7 min

After two weeks of testing, practice and qualifying, the drivers are now ready to start their engines and step on the gas ahead of the 2023 Indy 500. “It is the biggest sporting event in the world, right?” British driver Katherine Legge told CNN Sport’s Don Riddell. Katherine Legge is taking part in her third Indy 500 this weekend. Darron Cummings/APHow to watchHeld on Sunday May 28, the Indy 500 is broadcast live from 9:00 a.m. Legge called the achievement “awesome.”The driver set an incredible average speed of 231.07 miles per hour when racing for the Rahal Letterman Lanigan Racing team.

☆ Milk prices in the world's dairy powerhouse India have spiked 15%
▼ + stars: | 2023-05-25 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

India is facing an increase in milk prices, and it's not expected to ease up until November. Matthew Lloyd | Bloomberg | Getty ImagesIndia, the world's dairy powerhouse, is facing an increase in milk prices, and it's not expected to ease up until November. India, the world's leading producer of milk, accounts for 22% of global milk production and followed by the U.S. China, Pakistan and Brazil. Higher feed costsHigher cattle feed prices that coincide with the peak demand season are feeding into the spike in milk prices. India is facing an increase in milk prices, and it's not expected to ease up until November.

☆ Lower cholesterol with a plant-based diet, study says
▼ + stars: | 2023-05-24 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +5 min

In study particpants, LDL levels dropped 10% and total cholesterol declined 7% for people following a plant-based diet when compared with those who eat both meat and plants, the study found. A plant-based diet can help reduce LDL cholesterol, a new study said. Statin treatment is superior to plant-based diets in reducing fats and cholesterol levels, Frikke-Schmidt said in a statement. In addition, people who transition to a plant-based diet should still be mindful about the kinds of foods they’re consuming. “Not all plant-based diets are equal,” said Aedin Cassidy, professor and director for interdisciplinary research at the Institute for Global Food Security in Queen’s University Belfast, in a statement.

☆ The Colorado River Is Shrinking. See What’s Using All the Water.
▼ + stars: | 2023-05-22 | by ( Elena Shao | ) www.nytimes.com time to read: +6 min

This week, the states that rely on water from the Colorado River reached a temporary deal with the Biden administration on sharing what’s left. Within agriculture, livestock feed is the largest water user, at 55 percent. A limited resourceThe Colorado River system stretches across seven states in the Southwest and Mexico, and a complicated set of decades-old laws determines who gets water from the river, and how much. “But that’s not the reality.”The chart above captures both river water and groundwater withdrawals, but river water makes up the vast majority (about 87 percent) of water use in the basin, according to the study’s authors. About that alfalfaThirty-seven percent of the water used in the Colorado River basin goes toward growing alfalfa and hay used largely to feed dairy cattle.

☆ Mosquitoes are most attracted to a chemical compound present in butter, cheeses and yogurts. Their deterrents can be a chemical found in plants, including cannabis.
▼ + stars: | 2023-05-20 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Researchers conducted a study to find out how different human body odors can attract mosquitoes. The research used a 20-meter by 20-meter screened cage that contained hundreds of African malaria mosquitoes, according to the study. Despite the name, the mosquitoes were not infected with malaria, according to CNN, which first reported on the study. These tents are connected to the cage in a way that the human body odor can be safely fed to the mosquitoes. Researchers found that mosquitoes gravitated to human body odor with "increased relative abundances of the volatile carboxylic acids," including butyric acid.

☆ I’m a nutritionist from Japan, home to the world’s longest-living people—here are 6 American foods I never eat
▼ + stars: | 2023-05-19 | by ( Michiko Tomioka | ) www.cnbc.com time to read: +3 min

What I eat instead: When I want something high in protein but low in salt and preservatives, I opt for tofu. What I eat instead: Tofu burgers are surprisingly tasty. What I eat instead: My favorite refreshing, low-calorie beverages are green teas, like an iced matcha or hojicha (which contains less caffeine). What I eat instead: My go-to healthy breakfast alternative is natto, a Japanese dish made from fermented soybeans, with some multigrain rice. What I eat instead: My favorite flavorful spread is kinako, which is made from soy flour and sesame paste.

☆ Slimmed-down DeChambeau savouring solid start to PGA Championship
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +3 min

[1/5] May 18, 2023; Rochester, New York, USA; Bryson DeChambeau tees off on the 14th hole during the first round of the PGA Championship golf tournament at Oak Hill Country Club. It was all water weight," DeChambeau told reporters at Oak Hill. So nice to come back and start to finally figure out what's going on with my golf swing," said DeChambeau, who missed last year's PGA Championship while recovering from hand surgery. Entering this week, DeChambeau's average position after 18 holes of a major championship was 52nd. It was more just frustrated and disappointed, like I've achieved this why can't I just do it every day," said DeChambeau.

☆ PGA Championship: Eric Cole soars but Jon Rahm sinks in frost-delayed first round
▼ + stars: | 2023-05-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —American golfer Eric Cole raced into an early PGA Championship lead following a scintillating start at Oak Hill Country Club on Thursday. Now, on his PGA Championship debut and only his second major appearance, the 34-year-old is enjoying a look at the leaderboard. 1 is bidding to become only the fourth golfer – and the first since Jack Nicklaus in 1975 – to win both the Masters and the PGA Championship in the same season. Jordan Spieth will need a strong response if he is to achieve golfing immortality come Sunday, as the three-time major champion opened with a three-over 69. The American is a PGA Championship title away from becoming only the sixth men’s golfer to win all four majors in the modern era.

☆ Meet the Pro Athlete Who Is Thrilled to Be in His 50s
▼ + stars: | 2023-05-17 | by ( Alan Blinder | ) www.nytimes.com time to read: +1 min

THE WOODLANDS, Texas — Just past a Dairy Queen near Houston last month, Steven Alker’s new status was aloft: His name and face were on a lamppost banner. Championship tee box as the man who surged from nearly-never-in-first to toast of the PGA Tour Champions, as the senior circuit is known. He is not exactly the betting favorite, not in a field largely headlined by men in their 20s and 30s. He knows he may not even make the cut and finish the tournament, where a victory would make Alker, 51, the oldest major champion in history. But Alker has been defying the clock that has often been the etiology of agony for professional athletes.

☆ Explainer: Why El Nino is a concern for Indian monsoon rains?
▼ + stars: | 2023-05-16 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +4 min

However, a 90% likelihood of an El Nino weather pattern developing during the June-September monsoon season raises the possibility of less than normal rain. WHAT IS EL NINO? As a result, the Indian monsoon tends to be weaker and less reliable during El Nino years. HOW CLOSE IS THE CORRELATION BETWEEN EL NINO AND MONSOON RAIN? The correlation between El Nino and Indian monsoon rainfall is significant, despite occasional instances when India gets normal or above-normal rain during El Nino years.

☆ Got milk? Not chocolate, as USDA considers banning flavored milk options in school cafeterias
▼ + stars: | 2023-05-16 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

Flavored milk, like chocolate milk, could be limited to high schoolers under the new guidelines. A second proposed rule change would allow allow flavored milk for all grade levels, but the added-sugar levels would be limited. "I feel very strongly that flavored milk should continue to be offered in all grades k-12. Chocolate milk has been banned in San Francisco for elementary and middle schoolers since 2017. Correction: May 16, 2023 — An earlier version of this story misstated which organization published a study regarding added sugar.

☆ Novartis names Sandoz board members ahead of spin-off
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

ZURICH, May 15 (Reuters) - Novartis (NOVN.S) on Monday named the intended new board members of Sandoz, the generics business it plans to spin off to shareholders later this year. The Basel company approved the recommendations of Sandoz Chairman-designate Gilbert Ghostine for the 10 members of the board, which will start preparatory work in June. Others to be appointed to the board include former Novartis executive Karen Huebscher, Aarti Shah, who worked at Eli Lilly (LLY.N), and Deutsche Lufthansa (LHAG.DE) CFO Remco Steenburgen. Unilever (ULVR.L) Chief Legal Officer Maria Varsellona, and former Procter & Gamble (PG.N) executive Yannis Skoufalos, complete the nominations to the committee. "The Sandoz Board of Directors will start preparatory work from June onwards and will be effective following the planned spin-off of Sandoz in the second half of 2023, subject to Novartis Board of Directors and shareholder approval," Novartis said on Monday.

☆ Elon Musk is giving Tesla shareholders reason for bullishness after his big Twitter announcement
▼ + stars: | 2023-05-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Wedbush maintained its outperform rating for Tesla, and shared a 12-month price target of $215, or about 27% higher than the current share price. The long wait times for vehicles, according to Piper Sandler, is a bullish sign because it means demand is robust. "The answer is complex, because wait times don't solely reflect consumers' appetite for buying Teslas vs. other cars." In effect, the lengthy wait times should be "interpreted favorably," in Potter's view. Piper Sandler's price target for Tesla is $280 a share, or more than 65% higher from current levels.

☆ How to make your own salad dressing
▼ + stars: | 2023-05-15 | by ( Casey Barber | ) edition.cnn.com time to read: +6 min

Here are my favorite methods and tips for homemade salad dressing from my years of experimentation. Try any of these recipes to get you going:• Creamy Italian dressing with mayonnaise (regular or vegan)• Avocado green goddess dressing• Lime tahini dressing• Miso ginger dressing• Spicy cashew butter dressing, just like Trader Joe’sAs for ranch dressing, I’ll admit: Even though I have a recipe for homemade ranch in my cookbook “Classic Snacks Made From Scratch,” sometimes I can’t resist the craving for the bottled version. However, if you do want to make homemade ranch dressing, it’s not too difficult. Homemade dressing tips and tricksMake your dressing with a blender or food processor to emulsify the oil evenly with the acid. Tetiana Strilchuk/iStockphoto/Getty ImagesTo get a creamier, thicker texture for any homemade dressing, make it in a blender or food processor.

☆ Warren Buffett's businesses are battling historic inflation, hefty interest rates, and tighter lending. 5 Berkshire Hathaway CEOs break down why they're thriving despite a brutal economic backdrop.
▼ + stars: | 2023-05-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +8 min

Warren Buffett's Berkshire Hathaway faces inflation, higher interest rates, and tighter credit. Its subsidiaries are also seeing signs that their customers, suppliers, and partners are being pinched by higher prices, steeper interest rates on their debts, and perhaps even reduced access to credit. "You just kind of have to take it," Egan said about some of the higher costs. Moreover, longstanding suppliers who refrained from passing on their higher costs to See's in 2021 have been forced to charge it more. The fast-food chain's franchisees face much higher costs for equipment, building materials, and construction work than they did a few years ago.

☆ Chinese baby product firms seek to age up, sell more abroad as population falls
▼ + stars: | 2023-05-10 | by ( Farah Master | Thomson Reuters | Farah Master Is A Senior Correspondent At Reuters Where She Focuses On Health | ) www.reuters.com time to read: +5 min

HONG KONG, May 11 (Reuters) - For many of China's manufacturers of baby and children's products, painful reverberations from last year's historic decline in the country's population are already upon them. Hong Kong-listed Health and Happiness (H&H) (1112.HK), which gains nearly half of its revenue from baby products such as infant formula, food and diapers, is one such company. China's market for baby food and diapers is the world's largest at $37.9 billion, accounting for around a third of global sales annually, according to research from Euromonitor. Adult diaper revenue, however, shot up 13% - highlighting how China's rapidly ageing population is prompting shifts in consumer spending. Reuters GraphicsShares for the three firms now trade between a third and a fifth of their all-time highs.

☆ Here’s what’s getting cheaper at the grocery store
▼ + stars: | 2023-05-10 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

Those menu prices went up by 0.6%. Shoppers started seeing relief in the grocery store in March, when grocery prices fell for the first time since September 2020. In the year through April, food prices went up by 7.7%, with grocery prices jumping 7.1% and menu prices increasing 8.6%. Ham got 6.5% more expensive, poultry prices rose 5%, and fish and seafood rose 2%. Prices in AprilEven though prices food prices overall have been high this year, April was an easier month for shoppers.

☆ Oatly Names Jean-Christophe Flatin as New CEO and Narrows Quarterly Loss
▼ + stars: | 2023-05-09 | by ( Jesse Newman | ) www.wsj.com time to read: 1 min

Oat milk took the dairy aisle by storm after Swedish brand Oatly overhauled its marketing. But the company has struggled to keep up with production as demand grows, leaving room for rivals to take market share. Illustration: Reshad MalekzaiOatly Group is shaking up leadership of the oat-milk company, naming a successor to Chief Executive Toni Petersson as it continues to post quarterly losses. Oatly said Jean-Christophe Flatin , the company’s global president, will become CEO effective June 1.

CNN —Federal prosecutors have filed criminal charges against New York Rep. George Santos, the Republican lawmaker whose astonishing pattern of lies and fabrications stunned even hardened politicos, according to three sources familiar with the matter. Santos is expected to appear as soon as Wednesday at federal court in New York’s eastern district, where the charges have been filed under seal. Spokespeople for the Brooklyn US Attorney’s Office, the Justice Department and the FBI declined to comment. House Speaker Kevin McCarthy said he will look at the charges before determining if he thinks Santos should be removed from Congress. But as Santos’ past came under closer scrutiny, with large chunks of his official biography revealed to be conjured from nothing, he increasingly adapted the persona of a right-wing troll.

☆ Buffett says people would rather give up a second car than an iPhone. Here's why Apple's business is so stellar
▼ + stars: | 2023-05-08 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

"If they had to give up a second car or give up their iPhone, they'd give up their second car. AAPL .SPX mountain 2016-05-16 Apple's stock performance versus the S & P 500 since May 16, 2016, the day Berkshire's stake in the iPhone maker was first disclosed. Buffett's comments Saturday were "very bullish on Apple," Jim said Monday during the Club's "Morning Meeting." Free cash flow is generally defined as operating cash flow minus capital expenditures or cash spent on purchases of plant, property and equipment (PP & E). Berkshire currently owns about 5.66% of the 15.82 billion Apple shares outstanding, according to FactSet.

☆ Berkshire Hathaway shares rise as investors cheer earnings beat and Geico's quick turnaround
▼ + stars: | 2023-05-08 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. Berkshire's B shares climbed 1.5% in premarket trading, set to add to their 5% gain so far this year. — Berkshire Hathaway shares rose on Monday as Warren Buffett's conglomerate wooed investors with a strong earnings report and an insightful "Woodstock for Capitalists" over the weekend. The strong performance was driven by a rebound in Berkshire's insurance business, especially auto insurer Geico. Geico's surprise recoveryGeico, the crown jewel of Berkshire's insurance empire and Buffett's favorite child, saw a big turnaround in the quarter, returning to an underwriting profit of $703 million.

[1/9] Investors and guests arrive for the Berkshire Hathaway annual shareholders' meeting in Omaha, Nebraska, U.S. May 6, 2023. Speaking at Berkshire's annual shareholder meeting, Buffett criticized how politicians, regulators and the press have handled the recent failures of Silicon Valley Bank, Signature Bank and First Republic Bank, saying their "very poor" messaging has unnecessarily frightened depositors. At the meeting, Berkshire shareholders reelected all directors and rejected shareholder proposals concerning climate change, diversity and political activities. LIGHTED MATCHBuffett said regulators were right to guarantee depositors of Silicon Valley Bank, saying that not doing so "would have been catastrophic." He also said bank shareholders and executives should bear the risks of mismanagement, with Munger criticizing executives concerned more with getting rich than with customers.

Speaking at the annual meeting of his conglomerate Berkshire Hathaway Inc (BRKa.N), criticized how politicians, regulators and the press have handled the recent failures of Silicon Valley Bank, Signature Bank and First Republic Bank, saying their "very poor" messaging has unnecessarily frightened depositors. The meeting featured Buffett, 92, who is Berkshire's chairman and chief executive, and Vice Chairman Charlie Munger answering five hours of shareholder questions. LIGHTED MATCHBuffett said regulators were right to guarantee depositors of Silicon Valley Bank, saying that not doing so "would have been catastrophic." Buffett defended the size of Berkshire's $151 billion Apple investment, saying consumers are less likely to shed their $1,500 iPhones than, for example, their $35,000 second cars. Many recognized it could be one of their last chances to see Buffett and Munger, given their ages.

Buffett spoke hours after Berkshire posted a $35.5 billion quarterly profit and said it bought back $4.4 billion of its own stock, a sign it considered the shares undervalued. The meeting features Buffett, 92, who is Berkshire's chairman and chief executive, and Charlie Munger, 99, a vice chairman, answering five hours of shareholder questions. Many recognized it could be one of their last chances to see Buffett and Munger, given their advanced ages. Yongsheng Zhao, who lives in Shanghai and is a researcher for an asset management firm, said he showed up at midnight to attend his eighth Berkshire meeting. "I am inspired by their passion and normalcy," he said, referring to Buffett and Munger.

☆ Berkshire posts $35.5 billion profit, sells over $13 billion in stocks
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +3 min

Berkshire also sped up repurchases of its own stock, buying back $4.4 billion, while paring its investments in other stocks such as Chevron Corp CVX.N, which is still a major holding. MORE CASHNet income equaled $24,377 per Class A share and rose from $5.58 billion, or $3,784 per share, a year earlier. That in part reflected a 27% jump in Apple's AAPL.O stock price, leaving Berkshire with a $151 billion stake in the iPhone maker. Quarterly operating profit increased 13% to $8.07 billion, or about $5,561 per Class A share, from $7.16 billion. Berkshire's cash hoard grew $2 billion in the quarter to $130.6 billion, as the company sold $13.3 billion of stocks and bought just $2.9 billion.

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