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An Amazon worker moves boxes on Amazon Prime Day in the East Village of New York City, July 11, 2023. The Federal Trade Commission on Wednesday updated its complaint against Amazon for its "deceptive" Prime sign-up and cancellation processes, adding three senior executives as defendants. Top Amazon executives overseeing Prime downplayed employee concerns about members of the popular subscription program being enrolled without their consent, the amended complaint alleges. Subscription services revenue, which includes Prime memberships, totaled $9.8 billion in Amazon's most recent quarterly earnings report. Amazon executives and employees met in 2018 about "Project Lucent," where the primary objective was to discuss "how many Prime signups [is] Amazon .

Persons: Russell Grandinetti, Jamil Ghani, Neil Lindsay, Grandinetti, Lindsay, Andy Jassy's, Ghani, Tim Doyle, Doyle, Mark Zuckerberg, Meta, Zuckerberg Organizations: Amazon, Federal Trade Commission, Top Amazon, Lucent, FTC Locations: East, New York City, Amazon's, Arlington , Virginia

☆ Neil DeGrasse Tyson separates fact from fiction with recent UFO and alien reports
▼ + stars: | 2023-09-20 | 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 EmailNeil DeGrasse Tyson separates fact from fiction with recent UFO and alien reportsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Neil DeGrasse Tyson, Brian Sullivan, “ Organizations: CNBC

☆ Britain is tossing aside its last green trump card
▼ + stars: | 2023-09-20 | by ( Neil Unmack | ) www.reuters.com time to read: +4 min

Ahead of a likely national poll next year, the British prime minister is considering watering down the country’s targets for electric vehicles and energy efficiency. Yet the weaker targets would come at a time when the Conservative government’s lackadaisical environmental approach means that green transition momentum is stalling. Faced with these obvious policy gaps, the government’s bold targets at least gave industry and consumers a clear signal that the green transition was inevitable. Weakening them will probably lead manufacturers to delay investment in new car or battery plants, and consumers to put off buying green vehicles. I am proud that Britain is leading the world on climate change.”Editing by George Hay and Oliver TaslicOur Standards: The Thomson Reuters Trust Principles.

Persons: Sunak, Sunak’s, Goldman Sachs, –, Rishi Sunak, ” Sunak, George Hay, Oliver Taslic Organizations: Reuters, BBC News, Conservative, BBC, Thomson Locations: Germany, France, Britain

☆ UK disinflationary shock sharpens Bailey’s dilemma
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

Governor of the Bank of England Andrew Bailey speaks as he attends a press conference for the Monetary Policy Report August 2023, at the Bank of England in London, Britain, August 3, 2023. Alastair Grant/Pool via REUTERS Acquire Licensing RightsLONDON, Sept 20 (Reuters Breakingviews) - Bank of England Governor Andrew Bailey finally got some good news on Wednesday. UK annual inflation fell to 6.7% in August, from 6.8% in July, confounding market expectations of a rise to 7%. Domestic disinflationary forces offset a nearly 30% rise in oil prices to bring headline inflation to the lowest level since February 2022. Higher petrol prices did add around 0.3 percentage points to the consumer price index, according to Capital Economics.

Persons: Bank of England Andrew Bailey, Alastair Grant, Andrew Bailey, disinflation, Francesco Guerrera, Bernie Sanders’s, Neil Unmack, Streisand Neto Organizations: Bank of England, Monetary, REUTERS Acquire, Reuters, Capital Economics, CPI, Thomson Locations: London, Britain

☆ Cazoo’s debt fix points to bumpy ride
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

That’s not the fate of shareholders in UK-based and U.S.-listed Cazoo (CZOO.N), which has just announced a brutal debt restructuring. Under the deal announced on Wednesday, bondholders will swap $630 million of convertible notes for $200 million of fresh debt and a large slug of the equity. The debt cut will do little to fix Cazoo’s rickety engine. Although the company had 195 million pounds of cash at the end of June, it burnt through over 50 million pounds in the previous six months. And revenue this year is expected to fall nearly 40%, as customers racked by high interest rates tighten their belts.

Persons: That’s, Cazoo, Aimee Donnellan, Bernie Sanders’s, Neil Unmack, Oliver Taslic Organizations: Reuters, Thomson Locations: U.S

☆ Doug Burgum and Asa Hutchinson May Miss the Cut for the Next G.O.P. Debate
▼ + stars: | 2023-09-20 | by ( Neil Vigdor | More About Neil Vigdor | ) www.nytimes.com time to read: +1 min

have stepped up calls for the party’s bottom-tier candidates to leave the crowded race, consolidating support for a more viable alternative to the former president. Lance Trover, a spokesman for the Burgum campaign, contended in an email on Wednesday that Mr. Burgum was still positioned to qualify for the debate. Emma Vaughn, a spokeswoman for the R.N.C., said in an email on Wednesday that candidates have until 48 hours before the debate to qualify. announced it was raising its polling and fund-raising thresholds to qualify for the second debate, which will be televised by Fox Business. Candidates must now register at least 3 percent support in a minimum of two national polls accepted by the R.N.C.

Persons: Lance Trover, Burgum, Hutchinson’s, Emma Vaughn Organizations: Fox Business Locations: Iowa , New Hampshire , Nevada, South Carolina

☆ Opinion: Hunter Biden is hardly the first ne’er-do-well presidential son
▼ + stars: | 2023-09-20 | by ( Opinion Alexis Coe | ) edition.cnn.com time to read: +7 min

CNN —Presidential history is lousy with ne’er-do-well sons. American history tells us a different story: Bad presidential sons are as old as the nation itself, yet political opponents have never thought weaponizing them would win an election. If there is evidence that a sitting president, a former president, a presidential candidate, a presidential heir or anyone else, has committed a crime, he or she should be held accountable. “I never did in my Life know a Youth so exceedingly indolent, or so surprisingly voluptuous,” Jack’s tutor, Reverend Jonathan Boucher, wrote to George Washington. Devoted students of history would object to wasting precious time and resources on a nothingburger scandal about a president’s unelected son.

Persons: Alexis Coe, George Washington, John Quincy Adams, Beau Biden, Alexis Coe Sylvie Rosokoff, Joe Biden’s, Hunter, “, Sisyphus, John, Jacky, Custis, ”, Jonathan Boucher, Jack’s, Wash, — Thomas Jefferson, James Madison, James Monroe, Washington, —, John Payne Todd, Brother Madison, ” John Adams, Thomas Jefferson, Robert Lincoln, Abraham Lincoln, Mary, Abraham Lincoln’s, Robert, Mary —, George H.W, Bush, George W, Neil Bush, Mark Reinstein, ’, ” Theodore Roosevelt, Alice Roosevelt, ” Patti Davis, Ronald Reagan’s, It’d, Hunter Biden, Donald Trump, it’ll, Trump, can’t, Biden, Joseph P Organizations: New, CNN, Justice Department, Washington, Silverado Banking, Savings, House Banking, Finance, Urban Affairs, Washington DC, Playboy, Republican, Department, & $ Locations: New America, America’s, America, Washington, Madison, Illinois, Loan, United States

☆ Iowa evangelical voters are 'exhausted' by Trump and could 'upend' his run for the presidency, a prominent Iowa conservative says
▼ + stars: | 2023-09-19 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Conservative leader Bob Vander Plaats said that the road to the GOP nomination goes through Iowa. And Vander Plaats told CNN that evangelical voters are both "appreciative" and "exhausted" of Trump. Trump recently said the six-week abortion ban in Fla. signed by DeSantis was a "terrible mistake." "It showed a character thing with Trump that he cast the blame on the pro-life movement," he told the newspaper. DeSantis on Monday blasted Trump's remarks during an interview on Radio Iowa, questioning the former president's anti-abortion credentials.

Persons: Bob Vander Plaats, Vander Plaats, DeSantis, upend Trump, Trump, — Neil Gorsuch, Brett Kavanaugh, Amy Coney Barrett —, Roe, Wade, Ron DeSantis, Trump's Organizations: GOP, CNN, Trump, Service, Republicans, Hawkeye State, New York Times, underperformed, Times, Florida Gov, Radio Iowa Locations: Iowa, Fla, Wall, Silicon

☆ China's ex-Foreign Minister Qin Gang was ousted after alleged affair, WSJ reports
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +1 min

Chinese Foreign Minister Qin Gang attends a press conference after talks with his Dutch counterpart Wopke Hoekstra in Beijing, China, May 23, 2023. REUTERS/Thomas Peter/Pool/file photo Acquire Licensing RightsSept 19 (Reuters) - China's former Foreign Minister Qin Gang, who was ousted from his position in July, had an extramarital affair while he was ambassador to the United States, the Wall Street Journal reported on Tuesday, citing people familiar with a briefing. The report said Qin was cooperating with the investigation, which was now focused on whether the affair or Qin's conduct had compromised China's national security. Senior Chinese officials were told that an internal Communist Party investigation found Qin engaged in the affair throughout his tenure as China's ambassador to the United States, the report said. Qin was replaced by veteran diplomat Wang Yi in July as the foreign minister after a mysterious one-month absence from duties barely half a year into the job.

Persons: Qin Gang, Wopke Hoekstra, Thomas Peter /, Qin, spokeperson Mao Ning, Wang Yi, Shubham, Neil Fullick, Michael Perry Organizations: Foreign, REUTERS, Wall Street, Senior, Communist Party, Beijing, Thomson Locations: Beijing, China, United States, U.S, Washington, Bengaluru

☆ Pennsylvania Will Start Automatic Voter Registration
▼ + stars: | 2023-09-19 | by ( Neil Vigdor | More About Neil Vigdor | ) www.nytimes.com time to read: +1 min

Pennsylvania, a battleground state that could play an outsize role in the 2024 presidential election, will begin to automatically register new voters as part of its driver’s license and state ID approval process, officials said on Tuesday. Voters must meet certain eligibility requirements, which include being a U.S. citizen and a Pennsylvania resident for at least 30 days before an election. They also must be at least 18 years old on the date of the next election. “Automatic voter registration is a common-sense step to ensure election security and save Pennsylvanians time and tax dollars,” Mr. Shapiro said in a statement. — all the information required to register to vote — so it makes good sense to streamline that process with voter registration.”

Persons: Josh Shapiro, Mr, Shapiro, ” Organizations: Gov, Democrat, District of Columbia, National Conference of State Legislatures, “, Commonwealth Locations: U.S, Pennsylvania

☆ S4 misery offers reality check on tech exuberance
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +2 min

LONDON, Sept 18 (Reuters Breakingviews) - Is the technology sector bouncing back? The tech-heavy Nasdaq Composite Index (.IXIC) is up 31% this year, and chip designer Arm enjoyed a 25% first-day pop on its listing. S4 on Monday downgraded its 2023 like-for-like net revenue growth forecast to “down on last year”. The news still sent S4 shares down 25% on Monday morning. Any recovery will require Sorrell to show he can keep winning business in an era of tech uncertainty.

Persons: Martin Sorrell, That’s, Publicis, Sorrell, Oliver Taslic, Neil Unmack, Streisand Neto Organizations: Reuters, Nasdaq, S4, Nvidia, Meta, X, Thomson

☆ Harvard Law's Sharon Block: Getting a fair contract is best both for the economy & Biden's politics
▼ + stars: | 2023-09-18 | 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 EmailHarvard Law's Sharon Block: Getting a fair contract is best both for the economy & Biden's politicsSharon Block, Harvard Law School professor and former National Labor Relations Board member member, and Neil Bradley, U.S. Chamber of Commerce EVP and chief policy officer, join 'Squawk Box' to discuss the latest in UAW strike, what the key sticking points are for both sides, and more.

Persons: Sharon, Sharon Block, Neil Bradley Organizations: Harvard, Harvard Law School, National Labor Relations, Chamber, Commerce, UAW Locations: U.S

Importantly, the site is near Wright-Patterson Air Force Base and the headquarters of the U.S. Air Force Research Laboratories. With this announcement, that aspiration has been realized.”Political Cartoons View All 1163 ImagesThe Wright brothers, Orville and Wilbur, lived and worked in Dayton. Joby CEO JoeBen Bevirt told the AP that the company chose Ohio after an extensive and competitive search. 3 in the nation on manufacturing jobs — and that depth of manufacturing prowess, that workforce, is critical to us as we look to build this manufacturing facility. That included the loss of tens of thousands of auto and auto parts manufacturing jobs in the early 2000s and the loss of ATM maker NCR Corp.'s headquarters to an Atlanta suburb in 2009.

Persons: Wright, Mike DeWine, Jon Husted, ” Husted, Orville, Wilbur, Orville Wright's, Hawthorn Hill, Joby, JoeBen Bevirt, Bevirt, J.P, Nauseef, that’s, —, ” Bevirt, DeWine —, John Glenn, Neil Armstrong Organizations: Joby Aviation Inc, ” Republican Gov, Associated Press, Intel, Dayton International, Republican, Gov, Patterson Air Force Base, U.S . Air Force Research Laboratories, “, U.S, Hawthorn, Wright Model B, Toyota, Delta Airlines, Air Force, U.S . Department of Energy, AP, Boeing, Airbus, NCR Corp, U.S . Air Force’s, . Space Command, Space Force Locations: COLUMBUS , Ohio, Ohio, Wright, Dayton, Santa Cruz , California, “ Ohio, Atlanta, Springfield, Marina , California

☆ Lonza’s CEO churn adds to company’s ailments
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Denis Balibouse Acquire Licensing RightsLONDON, Sept 18 (Reuters Breakingviews) - Lonza’s (LONN.S) new broom will face even more challenges than its old one. Since he was appointed CEO in 2020, the Swiss group has increased capital expenditure as a percentage of revenue from 20% to 30% last year. Even before Monday’s fall, the stock was trading at 32 times its forward earnings, around the same level as before its pandemic surge. The disruption of another CEO exit, without a clear explanation, means that the hoped-for growth will take even longer to arrive. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Denis Balibouse, Pierre, Alain Ruffieux, Albert Baehny, Aimee Donnellan, Neil Unmack, Streisand Neto Organizations: REUTERS, Reuters, Swiss, X, Thomson Locations: Lonza, Visp, Switzerland, Swiss

☆ The ‘Mandela Effect’: How a psychological phenomenon took over the internet
▼ + stars: | 2023-09-18 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +10 min

But you might also be experiencing the so-called Mandela Effect. Ken Drinkwater, a fellow researcher at Manchester Metropolitan, added that the effect might be connected to a condition called false memory syndrome. Jon Elswick/AP; Scott Olson/Getty ImagesSome common examples of the Mandela Effect have perhaps logical explanations, such as Mr. “Advocates of the Mandela Effect think it’s a genuine effect. These people had this false memory right after learning about the characters!

Persons: Ash, Fiona Broome, Nelson Mandela, Mandela, Broome, “ Luke, ”, Wilma Bainbridge, hadn’t, Deepasri Prasad, Bainbridge, Prasad, Stan, Jan Berenstain, ” Bainbridge, Neil Dagnall, Dagnall, “, ” Dagnall, Roediger, McDermott, Ken Drinkwater, they’ve, Drinkwater, they’d, you’ve, Jon Elswick, Scott Olson, David Adkins, Sinbad, Dennis Van Tine, Shaquille O’Neal, Clara Nellist, Lionel Flusin, hasn’t, ” Drinkwater, University of Chicago’s Bainbridge Organizations: CNN, “, Bears, University of Chicago’s, Science, UChicago, Dartmouth College, Manchester Metropolitan University, Manchester Metropolitan, Monopoly, Fox Television Network, European Organization for Nuclear Research, CERN, Collider Locations: South Africa, “, Hanover , New Hampshire, United Kingdom, New York City, Switzerland —, Geneva

☆ Rolling Stone’s Jann Wenner Ousted From Rock & Roll Hall of Fame Board
▼ + stars: | 2023-09-17 | by ( Neil Shah | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/arts-culture/music/rolling-stones-jann-wenner-ousted-from-rock-roll-hall-of-fame-board-ceede938

Persons: Dow Jones, wenner

☆ After 2023 wraps up, get ready for a spike in wedding proposals
▼ + stars: | 2023-09-17 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

This trend then created an “engagement gap” since couples get engaged, on average, about 3.25 years after they begin dating, according to Signet’s proprietary data. About 2.8 million couples, on average, get engaged every year in the United States, said Drosos. Last year, the number slipped to 2.5 million. In 2024, Signet expects engagements will reach 2.4 to 2.5 million. Courtesy of Zales/KAY JewelersDrosos said Signet is able to closely track the yearly engagement cycle because of its customer data platform.

Persons: Jared, Kay Jewelers, “ Covid, Covid, ”, Virginia Drosos, Kay, Neil Lane, KAY Jewelers Drosos, Signet, “, ” Drosos, Drosos Organizations: New, New York CNN, Signet Jewelers, Signet, Diamonds, Goldman, Global Retailing Conference, ” Locations: New York, United States, Nile, Texas, Florida, California

NEW YORK (AP) — “The Drew Barrymore Show” will begin airing fresh episodes on Monday but a lot of off-air controversy will be clinging to its typically bubbly host. That's because talk shows are covered under a separate contract — the so-called Network Code — from the one actors and writers are striking. People do not forget it.”Viewers who tune into new episodes of daytime talk shows these days will find a changed landscape. Guests aren’t always the A-listers with blockbuster TV shows or films to promote. But Bill Maher and Drew Barrymore and the hosts of ‘The View’ are not just getting by.

Persons: — “, Drew Barrymore, ”, Barrymore —, “, it’s, Michael H, LeRoy, Kelly, Ryan ” —, —, Jennifer Hudson, don’t, they're, Barrymore, It’s, Zayd Ayers Dohrn, Dohrn, Alyssa Milano, I'm, ” LeRoy, aren’t, Neil deGrasse Tyson, Ryan ”, Cedric, Matthew McConaughey, ” Bill Maher, ” Dohrn, Bill Maher, We’re, They’re, Krysta Fauria, ___ Mark Kennedy Organizations: University of Illinois, ABC, of America, Screen, American Federation of Television, Radio Artists, Alliance, Television Producers, Disney, Netflix, Northwestern University, WGA, SAG, MTV, Writers Guild, Major League Baseball Locations: Urbana, Champaign, “

☆ Liverpool beat Wolves 3-1 in late comeback
▼ + stars: | 2023-09-16 | by ( Andrew Cawthorne | ) www.reuters.com time to read: +3 min

SummaryCompanies Wolves take early lead, but Reds storm back with late goalsAndy Robertson scores on 200th Premier League appearanceLiverpool temporarily top league, Man City to play laterWOLVERHAMPTON, Sept 16 (Reuters) - Liverpool beat Wolverhampton Wanderers 3-1 away on Saturday thanks to two late goals in a scintillating comeback that put the Reds - at least temporarily - top of the Premier League. However, Liverpool came out transformed in the second half, drawing level in the 55th minute when Mohamed Salah set up fellow striker Cody Gakpo for a tap-in. "I thought the second half performance was impressive and we got what we deserved," said Robertson. Second half, we controlled it completely and it was a really good game then. "It looks like a comfortable win for Liverpool but it wasn't comfortable for most of the afternoon," said Wolves manager Gary O'Neil.

Persons: Andy Robertson, Hwang Hee, Pedro Neto, Mohamed Salah, Cody Gakpo, Salah, Hugo Bueno, Harvey Elliott, Robertson, Virgil van Dijk, Trent Alexander, Arnold, Alexis Mac Allister, Luis Diaz, Darwin Nunez, Juergen Klopp, Neto, dink, Matheus Cunha, stooping, Gary O'Neil, Andrew Cawthorne, Hugh Lawson Organizations: Reds, Premier League, Liverpool, Man, WOLVERHAMPTON, Wolverhampton Wanderers, Molineux, Wolves, 200th Premier League, Manchester City, WOLVES RUE, Thomson Locations: Man City, West Ham, Argentina, South America, Liverpool

That's odd, she thought, then toggled over to Facebook to search for clues about the issue on a group for MGM Resorts International loyalty members. There, she learned that the largest casino owner in Las Vegas had fallen victim to a cybersecurity breach. The situation entered its sixth day on Friday, with booking capabilities still down and MGM Resorts offering penalty-free room cancelations through Sept. 17. The security attacks that triggered an FBI probe shatter a public perception that casino security requires an “Oceans 11”-level effort to defeat it. It's true, Kim said, that casino giants like MGM Resorts and Caesars are protected by sophisticated — and expensive — security operations.

Persons: Dulce Martinez, Martinez, “ It’s, ”, Brian Ahern, Yoohwan Kim, Kim, ” Kim, Tony Anscombe, ESET, cybercriminals, ” Anscombe, “, ” ___ Parry, Ty O'Neil Organizations: LAS VEGAS, Facebook, MGM Resorts International, MGM Resorts, Associated Press, Entertainment, University of Nevada, Caesars, San, Las, MGM, UNLV, Associated Locations: Las Vegas, Los Angeles, San Diego, Atlantic City

Rahm Emanuel, Washington's outspoken ambassador to Japan, wrote in a post on X: "1st: Defense Minister Li Shangfu hasn't been seen or heard from in 3 weeks. China's defence ministry did not immediately respond to requests for comment. On the trip, Wat met with China's navy commander, Dong Jun and other navy leaders, Singapore's defence ministry said on its website. Singapore's defence ministry did not immediately respond to a request for comment. Military observers and diplomats are closely watching whether China will go ahead with plans to hold the Beijing Xiangshan Forum - an annual international security summit normally hosted by China's defence minister - in late October.

Persons: Li Shangfu, Li, Rahm Emanuel, Washington's, Li Shangfu hasn't, Mao Ning, Qin Gang, Qin, Emanuel, Barack Obama, Matthew Miller, Sean Wat, Wat, Dong Jun, Lloyd Austin, Yew Lun Tian, Laurie Chen, Martin Pollard, Yukiko Toyoda, Xinghui, John Geddie, Neil Fullick, Lincoln, Gerry Doyle Organizations: Defence, Financial Times, U.S, Street Journal, Defense, Navy, Liberation, Rocket Force, . State Department, Reuters, Military, Beijing Xiangshan, U.S . Defence, Australian National University, Thomson Locations: BEIJING, TOKYO, U.S, Beijing, Japan, Vietnam, Tokyo, States, China, Singapore, United States, Xinghui Kok

☆ Toshiba's top investor to sell stake in JIP offer, source says
▼ + stars: | 2023-09-15 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +2 min

REUTERS/Androniki Christodoulou/File Photo Acquire Licensing RightsTOKYO, Sept 15 (Reuters) - Toshiba's (6502.T) largest shareholder Effissimo Capital Management has decided to tender its 9.9% stake in the $14 billion takeover offer by Japan Industrial Partners (JIP), a source said on Friday, raising the odds of the bid succeeding. The offer, which will end on Sept. 20, needs at least two-thirds of shareholders to tender their shares for it to succeed. Other major shareholders, Elliott Management and Farallon Capital Management, both have their executives on Toshiba's board which has unanimously approved the JIP takeover. Singapore-based fund 3D Investment Partners, previously Toshiba's second-largest shareholder, revealed in a filing in March that it had cut its stake to 4.90% from 7.20%. Sources have said top activist shareholders were eager to exit, even though the offer price was unsatisfactory.

Persons: Androniki, JIP, Effissimo, Elliott, Makiko Yamazaki, Kantaro Komiya, Neil Fullick Organizations: Toshiba Corporation, REUTERS, Rights, Effissimo Capital Management, Japan Industrial Partners, Toshiba, Elliott Management, Farallon Capital Management, Major Toshiba, Partners, Investment Partners, Westinghouse, Thomson Locations: Kawasaki, Japan, Singapore

☆ AstraZeneca succession sickness demands urgent fix
▼ + stars: | 2023-09-15 | by ( Aimee Donnellan | ) www.reuters.com time to read: +3 min

LONDON, Sept 15 (Reuters Breakingviews) - Can a CEO be worth $9 billion? That’s the question posed by the 4% fall in AstraZeneca’s (AZN.L) shares following an article stating boss Pascal Soriot may soon resign. The company has played down the report, and its stock has recovered, but the episode highlights its uncertain position were 64-year-old Soriot to leave. Without a clear succession plan, investors should prepare for further swings. Small wonder investors and analysts wonder whether AstraZeneca will be able to find a successor capable of replicating his success.

Persons: Pascal Soriot, AstraZeneca’s, Ivan Menezes, Debra Crew, Soriot, Susan Galbraith, David Fredrickson, Luke Miels, Soriot’s, Neil Unmack, Streisand Neto Organizations: Reuters, Pfizer, pharma, Novartis, Sanofi, GSK, AstraZeneca, Diageo, Thomson Locations: AstraZeneca’s, Swedish

☆ Michael McGrath, Tony Winner and ‘Spamalot’ Veteran, Dies at 65
▼ + stars: | 2023-09-15 | by ( Neil Genzlinger | More About Neil Genzlinger | ) www.nytimes.com time to read: +1 min

Michael McGrath, who won a Tony Award in 2012 for his work in the musical “Nice Work if You Can Get It” and was a regular on Broadway, Off Broadway and regional stages, known especially for comedic roles and for his ability to conjure the likes of Groucho Marx, George M. Cohan and Jackie Gleason, died on Thursday at his home in Bloomfield, N.J. His family announced the death through the publicist Lisa Goldberg. No cause was provided. Mr. McGrath was one of those stage actors who might rarely be recognized on the street yet worked steadily for decades, drawing good notices throughout. He did much of his early work at Theater by the Sea in Matunuck, R.I., where he appeared regularly from 1977 to 1991, including in the title role of a 1989 production of “George M!,” the musical about Cohan, the famed song-and-dance man.

Persons: Michael McGrath, Groucho Marx, George M, Cohan, Jackie Gleason, Lisa Goldberg, McGrath, “ George M, ” Michael Burlingame, “ McGrath, Luciano Pavarotti, “, Mel Gussow, ” Organizations: New York Times Locations: Bloomfield , N.J, Matunuck, London, Conn, New York

☆ Deliveroo lacks tasty recipe for takeover call
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

LONDON, Sept 14 (Reuters Breakingviews) - Deliveroo’s (ROO.L) valuation makes it a plausible takeover target, but Chief Executive Will Shu has a weak hand in negotiating any deal. Activist investor Sachem Head Capital Management has built a stake in the London-listed food delivery company, Bloomberg reported late on Wednesday. Share prices of Deliveroo rose nearly 5% on Thursday morning. That’s below the 1.5 times average of rivals Delivery Hero (DHER.DE), Just Eat Takeaway.com (TKWY.AS), HelloFresh (HFGG.DE) and DoorDash (DASH.N). Lastly, Delivery Hero and Amazon’s 5% and 12.5% stakes could complicate any deal.

Persons: Will Shu, LSEG, Uber, Karen Kwok, BoE, Neil Unmack, Streisand Neto Organizations: Reuters, Head Capital Management, Bloomberg, X, Treasury, Thomson Locations: London

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