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☆ Opinion | If Democrats Win Back the House, They Will Have John Roberts to Thank
▼ + stars: | 2023-06-14 | by ( Thomas B. Edsall | ) www.nytimes.com time to read: +5 min

And Milligan weakens Florida’s defense for eliminating a Black opportunity district around Jacksonville, which hinges on race-conscious districting being unconstitutional. Put it all together and at least 2-3, and quite possibly more, congressional districts are likely to change hands because of Milligan. Lower courts have found already that the current maps in those states likely, or do, violate Sec. In Texas, it’s possible one or more new Hispanic VRA districts will have to be created. In that context, Roberts continued, “we are not persuaded by Alabama’s arguments that section 2 as interpreted in Gingles exceeds the remedial authority of Congress.”

Persons: Milligan, Wasserman, Cook, ”, “ Lean, Nicholas Stephanopoulos, Stephanopoulos, Richard Pildes, Pildes, John Roberts’s, Roberts Organizations: Democratic, Harvard, Republican Locations: Alabama, Louisiana, North Carolina, Washington, It’s, Georgia, Texas, Jacksonville, N.Y.U, Alabama , Louisiana, Gingles

☆ Wall Street Week Ahead: Investors rethink recession plays, boosting U.S. stock market laggards
▼ + stars: | 2023-06-09 | by ( David Randall | ) www.reuters.com time to read: +5 min

"There's reason to believe that the pessimism we saw at the start of the year is giving way to a stronger-than-expected market." Murray has increased his allocation to small-cap stocks, which tend to be among the most direct beneficiaries of economic growth. Other rebounding segments in June include the S&P 500 energy sector, which has gained 6% this month and S&P 500 industrials, up 5.7%. Ten of the 11 S&P 500 sectors are firmer for the month to date, compared to only six for the year. Stronger-than-expected jobs growth and robust consumer spending have been among the data points that have bolstered investors' economic outlook.

Persons: Tim Murray, T Rowe Price's, Murray, Russell, Dow, Howard Silverblatt, Goldman Sachs, Saira Malik, Max Wasserman, David Randall, Saqib Iqbal Ahmed, Lewis Krauskopf, Ira Iosebashvili, Richard Chang Organizations: YORK, Energy, Reuters, Apple Inc, Microsoft Corp, Inc, Amazon.com Inc, Nvidia Corp, Tesla Inc, Dow Jones, Capital Economics, Miramar Capital, Starbucks Corp, Target Corp, Thomson Locations: U.S

☆ Could Democrats Get Another Shot at Redistricting in New York?
▼ + stars: | 2023-06-08 | by ( Nicholas Fandos | ) www.nytimes.com time to read: +1 min

Whatever happens, New York promises to be perhaps the most contested state in the nation for House races next year. Republicans outperformed expectations in New York during the 2022 midterm elections, leaving their candidates positioned to defend six districts President Biden won in 2020, two by double digits. “We think our chances are good, but it’s not something we are relying on,” said Jay Jacobs, the Democrats’ state party chairman. The court case was proceeding this week as Democrats in Albany used the final days of this year’s legislative session to try to shore up their electoral prospects in other ways. Democratic supermajorities in both legislative chambers appeared poised to adopt changes weakening New York’s new publicly financed donor-matching program in ways that would benefit incumbents.

Persons: Biden, ”, Jay Jacobs, Wasserman Organizations: House, Republicans, Democratic supermajorities Locations: New York, Albany

☆ Harlan Crow says he's 'put away' his controversial Hitler paintings, even though he insists there's nothing wrong with displaying them
▼ + stars: | 2023-05-22 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +3 min

Harlan Crow said he has "put away" his two controversial Adolf Hitler paintings. Crow insisted it's obvious that Nazis are bad, even though others might misunderstand his intentions in displaying Hitler's artwork, The Atlantic reported. Crow thought that Hitler's teapot and table linens, two more items in Crow's collection of memorabilia, remained on display, The Atlantic reported. They were replaced with a note that read "not to commemorate, but to remember, in hopes that it may never happen again," The Atlantic reported. After checking in another case that turned up empty, The Atlantic reported that Crow said, "I didn't know that.

☆ This former Tesla developer is reinventing the home electrical panel
▼ + stars: | 2023-05-02 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

One major component of that, however, is not very smart at all: the electric panel. The Span panel is capable of measuring every circuit in your home and giving you, as the homeowner, control over the dials. "The Span panel is increasingly becoming a default solution when paired with resiliency products." Buyers of the Span panel are eligible for tax incentives that apply to both the product and its installation. Some homebuilders are adopting the Span panel because it reduces the costs for new builds.

☆ Wall St Week Ahead- Tech earnings to test markets' 'most crowded' trade
▼ + stars: | 2023-04-21 | by ( David Randall | ) www.reuters.com time to read: +4 min

NEW YORK, April 21 (Reuters) - A blistering rally in megacap growth and technology shares has buoyed markets this year, and earnings reports in coming weeks could help investors determine if those gains are justified. Technology earnings are seen falling 14.4%. Earnings will show "whether this is really a safe haven if you are worried about recession." Still, gains could fizzle if the Fed does not cut interest rates this year, as widely expected. Growth stocks are especially vulnerable to high borrowing costs, which threaten to erode the value of their longer-term cash flows.

☆ Top market watchers on why there may be a few cracks, the consumer is still not acting like a recession is coming
▼ + stars: | 2023-04-19 | 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 EmailTop market watchers on why there may be a few cracks, the consumer is still not acting like a recession is comingDelano Saporu of New Street Advisors and Max Wasserman of Miramar Capital discuss whether the markets are fully pricing in a potential slowdown in consumer spending and a looming recession.

☆ Congressional Democrats bash Ron DeSantis for alienating Florida job creator Disney World in service of a 'flailing presidential campaign'
▼ + stars: | 2023-04-18 | by ( Warren Rojas | Kimberly Leonard | ) www.businessinsider.com time to read: +7 min

Ron DeSantis's Tuesday swing through DC, calling it ill-timed, his political resume goofy, and his ongoing fight with Walt Disney World a devastating vanity project. Walt Disney World has roughly 80,000 employees in Florida and is the state's biggest tourist attraction. The Florida governor wasn't being offered much cover by Florida Republicans on Capitol Hill. When another reporter asked whether DeSantis had gone too far by threatening Disney with state prisoners for neighbors, Scott claimed ignorance. "Ron DeSantis is out campaigning outside of the state of Florida and picking fights with Mickey Mouse," Fried said.

☆ US FDA approves first OTC opioid overdose reversal drug
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] A box of NARCAN nasal spray is photographed at an outpatient treatment center in Indiana, Pennsylvania, U.S. on August 9, 2017. The approval for OTC use of the naloxone-based nasal spray will help align the federal government's stance with states that have provisions to offer the drug without prescription at pharmacies. Drug-related overdose deaths in the United States rose about 15% year-over-year to more than 100,000 in 2021, as per official data. While the approval puts Emergent ahead in the OTC product race, analysts have said it is not likely to derive significant sales from the approval. Benchmark analyst Robert Wasserman said ahead of the approval that Narcan sales peaked in 2020 and have declined since.

☆ Ron DeSantis will spend up to $4 billion on school vouchers for Florida families to challenge 'woke' public schools
▼ + stars: | 2023-03-29 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +5 min

Ron DeSantis is waging a war against 'woke' public schools. On Monday, the governor signed universal school vouchers into law, which both conservatives and liberals expect to hurt public schools. Public school enrollment has only dropped a few percentage points, from 89.6% to 87.2%, since Republican Gov. Now, however, DeSantis' move to broaden the voucher program to all Florida families could meaningfully threaten funding for public schools. Spar fears universal vouchers "will literally siphon money away" from public schools because it's all under the same education budget.

☆ Investors fear inflation, higher yields may make U.S. equities 'dead money'
▼ + stars: | 2023-03-09 | by ( David Randall | ) www.reuters.com time to read: +5 min

Jonathan Golub, managing director at Credit Suisse, is among those with a bleak outlook for equities. "A six-month (Treasury) yield effectively guaranteed at 5.25% changes the dynamics for investors when the stock market looks shaky," he said. "You would need to get risk-adjusted returns in equities of at least 1 or 2 percentage points more than that, so in that environment stocks are not worth the effort and are dead money. Still, stocks have managed to hold onto their year-to-date gains so far even as bond yields have risen, with the S&P 500 up 4% and the Nasdaq Composite up nearly 11%. "You no longer have to hold your nose and invest in stocks because there's no other alternative," he said.

☆ George Santos signs onto abortion, guns, term limits, and impeachment bills as he attempts to make friends on Capitol Hill
▼ + stars: | 2023-02-08 | by ( Nicole Gaudiano | Warren Rojas | ) www.businessinsider.com time to read: +5 min

Freshman Rep. George Santos is still finding his way on Capitol Hill after a rough start. In his first off-the-rails month on Capitol Hill, Santos has signed onto bills dealing with abortion rights, guns, the global social media phenomenon TikTok, congressional term limits, and even articles of impeachment. He signed onto bills promoting term limits and calling for the impeachment of Homeland Security Secretary Alejandro Mayorkas, a top priority for the MAGA wing. "The congressman seeks to work with everyone, and has developed relationships with Republican members, as well as those across the aisle," a Santos spokesperson said. Republican Rep. Mike Waltz of Florida introduced that legislation to block Americans from doing business with Venezuela.

☆ Invest like 'Queen of Stonks' Nancy Pelosi and other members of Congress with new Republican and Democrat ETFs
▼ + stars: | 2023-02-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Subversive Capital Advisor and Unusual Whales launched ETFs that track the portfolios of Democratic and Republican lawmakers. On Tuesday, investment firm Subversive Capital Advisor and the data hub Unusual Whales launched two ETFs: the Unusual Whales Subversive Democratic ETF and Unusual Whales Subversive Republican ETF. Despite a historically poor stock market, both parties ended 2022 in the green, according to an Unusual Whales report. Meanwhile, Cruz has blasted the Pelosi stock trades and previously vowed to back legislation that would ban members of Congress from trading stocks. The launch of the ETFs coincides with recent calls for a new bill to ban lawmakers from stock trades.

☆ Brittney Griner's return could be the unlikely catalyst that forces the WNBA to relent on its most contentious policy
▼ + stars: | 2023-01-29 | by ( Meredith Cash | ) www.businessinsider.com time to read: +10 min

WNBA free agency is underway, with teams receiving the green light to recruit stars as of this weekend. Top free agent Breanna Stewart has reportedly made charter flights a key issue for teams wooing her. Private flights are not covered by the league's CBA, but Brittney Griner's return may force policy changes. The 2018 MVP took to Twitter to announce that she's prepared to help "subsidize charter travel for the entire WNBA" by offering her "NIL, posts + production hours." Several current WNBA players, including Nneka and Chiney Ogwumike, Elena Delle Donne, Napheesa Collier, Alysha Clark, Erica Wheeler, Kahleah Copper, and Natalie Achonwa, offered their support in the comments.

☆ John Durham Finds Russiagate’s Rosetta Stone
▼ + stars: | 2023-01-28 | by ( Holman W. Jenkins | ) www.wsj.com time to read: 1 min

Throw in a few real names and places to make your inventions believable and people will believe them. This is the method of many a disgraced journalist such as the New York Times ’s Jayson Blair and the Washington Post’s Janet Cooke . It was the method of the Steele dossier fabulists Igor Danchenko and his boss Christopher Steele . It was also the method of the most consequential fabricator of all, whoever dreamed up the presumably fake email exchange between then-Democratic Party chief Rep. Debbie Wasserman Schultz and activist Leonard Benardo of the Open Society Foundation. This imaginary exchange may have made Donald Trump president.

☆ Prosecutor appointed by Trump Justice Department used claims from Russian intelligence to obtain emails from a George Soros aide: NYT
▼ + stars: | 2023-01-26 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +4 min

John Durham used Russian intelligence claims to obtain a US citizen's emails, per The New York Times. Durham was appointed by former Attorney General Bill Barr to examine the origins of the Trump-Russia investigation. But Durham pursued a dubious claim from Russia involving Hillary Clinton and an aide to George Soros. They "were said to make demonstrably inconsistent, inaccurate or exaggerated claims," the Times reported, "and some US analysts believed Russia may have deliberately seeded them with disinformation." As Russian intelligence analysts themselves had told it, Moscow had hacked Leonard Benardo, executive vice president of Soros' Open Society Foundations, and in doing so uncovered a plot at the highest level to sway the 2016 election.

☆ Trump and lawyer sanctioned almost $1 million for 'frivolous' lawsuit against Hillary Clinton
▼ + stars: | 2023-01-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

A federal judge on Thursday imposed nearly $1 million in sanctions on former President Donald Trump and his lawyer for filing a since-dismissed "frivolous" lawsuit against Hillary Clinton and many others, which had claimed they tried to rig the 2016 presidential election in her favor by smearing Trump. Middlebrooks in his order Thursday noted that "Mr. Trump is a prolific and sophisticated litigant who is repeatedly using the courts to seek revenge on political adversaries." "He knew full well the impact of his actions ... As such, I find that sanctions should be imposed upon Mr. Trump and his lead counsel, Ms. Trump, who is seeking the 2024 GOP presidential nomination, filed his suit in March against Clinton, who was the 2016 Democratic presidential nominee. Middlebrooks earlier dismissed the lawsuit against Clinton and all other defendants "with prejudice," which bars Trump from refiling the complaint.

☆ U.S. FDA to review Emergent's OTC opioid overdose drug on priority
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +2 min

Dec 6 (Reuters) - Contract drugmaker Emergent Biosolutions (EBS.N) said on Tuesday its over-the-counter nasal spray as a treatment for suspected opioid overdose would be reviewed on a priority basis by the U.S. health regulator. Emergent is seeking the U.S. Food and Drug Administration's approval for a prescription-free sale of its nasal spray, Narcan, which is already cleared for the treatment of opioid overdose in the country. The agency will make its decision by March 29 and its priority review status puts Narcan on track to become the first naloxone-based drug to be sold over the counter, Benchmark analyst Robert Wasserman said. If approved, Narcan could face competition from generic versions of the drug, pressuring margins for Emergent, Cowen analyst Boris Peaker said. Rival Opiant Pharmaceuticals' (OPNT.O) drug nalmafene is also under the FDA's review and could pose additional risk to Narcan sales, as it provides better protection against an opioid overdose, Peaker added.

In the House, Republicans have 212 members and need to add six to guarantee a majority. Here’s a guide to some of the competitive races in which polls close early, which election forecasters say will carry a larger significance in reading the direction of the political environment. Virginia's three crystal ballsThe fates of three House Democrats first elected in the 2018 blue wave will tell a bigger story when Virginia’s polls close at 7 p.m. And in Florida, where polls close at at 7 p.m. Red wave sirensNew Hampshire is one of the earliest competitive Senate contests where polls close at 8 p.m.

☆ Earnings have been mostly good. Just avoid the tech wreck
▼ + stars: | 2022-10-26 | by ( Paul R. La Monica | Cnn Business | ) edition.cnn.com time to read: +4 min

Corporate earnings have actually been, to quote "Curb Your Enthusiasm's" Larry David, pretty, pretty good. The Dow was up more than 300 points, or 1%, while the S&P 500 gained 0.6%. what used to be dubbed FAANG stocks before name and ticker changes) make up a big chunk of the weighting of the S&P 500. Nearly three-quarters of the S&P 500 companies that have reported earnings so far have topped forecasts. So the weaker earnings are more a function of higher costs as opposed to a significant slowdown in sales.

☆ Thinking about getting personal on LinkedIn? Ask yourself these 2 questions first
▼ + stars: | 2022-10-14 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

Posts chronicling personal failures, the tedious day-to-day life of being a new parent or one's journey to more confidence used to be reserved for Facebook. Over the last couple years, though, they have made their way to the networking platform LinkedIn. During the pandemic, the line between work and life was all but erased for many workers around the world. If you want to share more personal stories on LinkedIn, you might want to consider where you are in your career and exactly what you're trying to accomplish. Here are two questions Wasserman says you should ask yourself before posting that selfie.

☆ House Democratic leadership finally released the text of their bill to ban members of Congress from trading stocks. Here's what's in it.
▼ + stars: | 2022-09-28 | by ( Bryan Metzger | Dave Levinthal | ) www.businessinsider.com time to read: +7 min

The text comes after months of back-and-forth between Pelosi and lawmakers, and a vote may come this week. Interest in lawmakers' stock trades rose after Insider's "Conflicted Congress" investigation. House Minority Leader Kevin McCarthy, who himself does not trade stocks, said earlier this year that he'd consider barring members of Congress from trading stocks if the GOP wins the House in November. Here's what the bill includes:The bill would ban top officials across all three branches — as well as the spouses and dependent children of members of Congress — from owning or trading stocks, as well as cryptocurrencies. Members of Congress would also be required to file financial disclosures electronically, eliminating a long-standing problem with lawmakers submitting illegible information about their personal finances.

Keep up to date on the latest of Trump's legal travails, both criminal and civil, with this guide to the ever-evolving Trump docket. The Issues: Trump's real estate and golf resort business is accused of giving its executives pricey perks and benefits that were never reported as income to taxing authorities. The issues: They say Donald Trump sicced his security guards on their peaceful, legal protest outside Trump Tower in 2015. Donald Trump, right, sits with his children, from left, Eric Trump, Donald Trump Jr., and Ivanka Trump during a groundbreaking ceremony for the Trump International Hotel on July 23, 2014, in Washington. The Issues: Donald Trump is accused of promoting a scam multi-level marketing scheme on "The Celebrity Apprentice."

Ron DeSantis overpowered his own Legislature to pass a map that adds an additional four GOP seats. Nationally, Republicans are likely to net three to four House seats from new maps alone — most of the five seats they need to regain the majority. There are 36 House Democrats not running for re-election, mostly because many opted to retire rather than risk serving in the wilderness of the minority. And there’s state Sen. Jen Kiggans, a nurse practitioner and former Navy pilot challenging Democratic Rep. Elaine Luria in Virginia Beach. MAGA primary takeoversIn a handful of races, Republicans have nominated hardcore pro-Trump candidates who could jeopardize their ability to win swing seats.

☆ How the creators of 'The Starters' built a hit NBA podcast for The Athletic after losing their TV show
▼ + stars: | 2022-09-19 | by ( Colin Salao | ) www.businessinsider.com time to read: +7 min

"No Dunks'' is an NBA podcast from the creators of "The Basketball Jones" and "The Starters." In 2019, after their NBA TV show contract ended, the creators signed a deal with The Athletic. The quintet is a far cry from the 20-man team and TV studio that Turner Sports' NBA TV provided during their six-year run with the network. How 'The Starters' became 'The Free Agents'"The Starters" got off in 2013 to a rough start on NBA TV as they struggled to translate their hour-long podcast to TV. Wasserman said the show is The Athletic's biggest NBA podcast and one of its highest-rated out of 77 podcasts.

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