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☆ Amazon adds generic prescription perk for Prime members
▼ + stars: | 2023-01-24 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

The Amazon Pharmacy home screen on a laptop computer arranged in the Brooklyn Borough of New York, U.S., on Tuesday, Nov. 17, 2020. Amazon on Tuesday announced a new prescription perk for U.S. Prime members, hoping to boost subscriptions and attract users to its pharmacy service. Amazon introduced, then shuttered, a telehealth service called Amazon Care, and announced in July it would acquire boutique primary care provider One Medical. Amazon also offers a Prime prescription savings benefit, which offers a discount of up to 80% on generic medications and up to 40% on brand-name prescriptions. An August report from Morgan Stanley found Amazon Pharmacy didn't rank as a top perk for Prime members, based on a survey of users, according to Business Insider.

☆ U.S. asks judge to hold Shkreli in contempt for allegedly flouting pharma industry ban -filing
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] Former drug company executive Martin Shkreli exits U.S. District Court after being convicted of securities fraud, in the Brooklyn borough of New York City, U.S., August 4, 2017. REUTERS/Carlo AllegriWASHINGTON, Jan 20 (Reuters) - The U.S. Federal Trade Commission (FTC) asked a federal judge on Friday to hold Martin Shkreli in contempt for allegedly impeding its efforts to determine whether he flouted a ban on working in the pharmaceutical industry. Shkreli was released early from prison last May. U.S. District Judge Denise Cote imposed the lifetime drug industry ban and $64.6 million penalty last February, related to Shkreli's efforts to keep generic Daraprim rivals off the market. Reporting by Diane Bartz and Jon Stempel; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

☆ FTC asks judge to hold 'pharma bro' Martin Shkreli in contempt of court for forming new drug firm
▼ + stars: | 2023-01-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

The Federal Trade Commission on Friday asked that notorious "pharma bro" Martin Shkreli be held in contempt of court for forming a new drug company in violation of a judge's ban on the convicted fraudster from working in the pharmaceuticals industry. In its court filing Friday, the FTC noted that Shkreli in July announced the formation of a new company, Druglike, "that appears to be involved in the drug industry." The FTC said Shkreli is required by Cote's order to provide the agency with that information. Benjamin Brafman, a lawyer for Shkreli, declined to comment on the FTC filing. Shkreli was driven back to New York from his prison in Pennsylvania by a friend, Edmund Sullivan, who had previously served on the board of Retrophin.

☆ Teachers are adapting to concerns about a powerful new AI tool
▼ + stars: | 2023-01-19 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

Some teachers said they’ve also heard of students being required to film short videos that elaborate on their thought process. Public schools in New York City and Seattle, meanwhile, have already banned students and teachers from using ChatGPT on the district’s networks and devices. Reid, the professor at Coastal Carolina University, believes teachers should work with ChatGPT and teach best practices in the classroom. Reid said teachers could encourage students to plug an assignment question into the tool and have them compare that result to what they personally wrote. “Like with other new technologies, this could be a tool instructors use to help students express their ideas,” she said.

☆ Investing Club: The week in review, the week ahead — Jan. 14, 2023
▼ + stars: | 2023-01-14 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Also, earnings season is just kicking off, when we'll learn much more about what companies are seeing on the ground. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. People shop at the Pioneer Supermarkets on January 12, 2023 in the Flatbush neighborhood of Brooklyn borough in New York City.

☆ How FTX 'death spiral' spelled doom for BlockFi, according to bankruptcy filing
▼ + stars: | 2022-11-28 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

The former FTX CEO bailed out and took over crypto firms as cryptocurrency markets withered with Terra's spring crash. Today, BlockFi filed for bankruptcy in New Jersey, after weeks of speculation that the FTX collapse had fatally crippled it. The FTX "death spiral," as BlockFi advisor Mark Renzi put it, has now spread to another crypto entity. According to Renzi, exposure to two successive hedge fund failures, the FTX rescue, and broader market uncertainty all conspired to force BlockFi into bankruptcy. Both firms have already collected millions in fees from BlockFi in preparation work for the bankruptcy, according to court filings.

☆ Stocks making the biggest moves midday: Oatly, Amazon, Hasbro and more
▼ + stars: | 2022-11-14 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Oatly – Shares of the oat-based drinks maker tumbled 11% after the company reported a larger-than-expected quarterly loss and revenue that fell short of consensus. Oatly cited China Covid restrictions, production challenges and a stronger U.S. dollar for the weakness in its performance. Amazon – Amazon fell 1.4% following a report that it plans to lay off about 10,000 employees as soon as this week. The cuts would be the largest in the company's history, and would primarily affect Amazon's devices organization, retail division and human resources, according to The New York Times. Cloud stocks – Cloud stocks slipped Monday as investors took gains off the table.

☆ Disney wants you to focus on revenue and profit instead of streaming subscribers — just not this quarter
▼ + stars: | 2022-11-08 | by ( Alex Sherman | ) www.cnbc.com time to read: +1 min

The biggest companies in media and entertainment are telling investors to focus on revenue and profit instead of streaming subscriber growth — that message backfired on Disney Tuesday. Disney added 12.1 million Disney+ subscribers and 14.6 million total direct-to-consumer customers in its fiscal fourth quarter. A year ago, the robust streaming growth numbers may have pushed Disney shares higher. But media and entertainment executives are pushing investors to value their companies on profit and revenue instead of purely subscriber growth. Total quarterly Disney revenue of $20.1 billion missed the average analyst estimate by nearly $1 billion, based on Refinitv consensus estimates.

☆ Here are the states voting on marijuana legalization on Election Day
▼ + stars: | 2022-11-07 | by ( Stefan Sykes | ) www.cnbc.com time to read: +5 min

A recreational marijuana smoker indulges in smoking weed on April 14, 2020 in the Bushwick section of the Brooklyn borough of New York City. Arkansas, Maryland, Missouri, North Dakota and South Dakota could join 19 other states and the District of Columbia, which have already legalized recreational marijuana. A 6% sales tax on recreational marijuana would go toward facilitating automatic expungements for people with certain non-violent marijuana offenses on their records, veterans' health care, substance misuse treatment and the state's public defender system. North DakotaMarijuana legalization failed to pass in North Dakota when it appeared on ballots in 2018, losing by a margin of 41% to 59%. This election, New Approach North Dakota got a revised proposal back on the ballot.

☆ A lunar eclipse will bring a blood red moon on Election Day — the last one for 3 years
▼ + stars: | 2022-11-04 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

That paints the full moon red, raising a blood moon into the skies on Election Day morning. The next total lunar eclipse won't happen until 2025. It's a total lunar eclipse, often called a "blood moon," and there won't be another one until 2025. The blue light from the sun scatters away, and longer-wavelength red, orange, and yellow light pass through, turning our moon red. Then wait until March 14, 2025, for the next total lunar eclipse.

Migrants who have been bused to New York City in the thousands are finding themselves in a fruitless hunt for work while they try to build lives in the United States. It’s already been about a month, a month and a half in New York and we need to find work,” Yorvin Mateus, 24, said. Yet, with work hard to come by, the trio planned to try their luck in Chicago, another city that has been taking in migrants. The dormitory at the Randall's Island relief center in New York City on Oct. 18. Jan Rojas, a migrant from Venezuela, with his wife and four children in New York City.

☆ Kevin Durant is the latest athlete to buy a Major League Pickleball team
▼ + stars: | 2022-10-20 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Brooklyn Nets star Kevin Durant is the latest celebrity athlete taking his love of pickleball big league. In recent weeks, Major League Pickleball has signed on a number of big-name athlete owners, including basketball legend LeBron James and NFL stars Tom Brady and Drew Brees. In September, a viral video showed Durant playing pickleball at a local recreation center, declaring that he's "getting the hang of it." Kleiman told CNBC that by acquiring a team, owners also get equity in the league. Similar to his work with 35V's "Build It and They Will Ball" initiative, which has refurbished basketball courts globally, Durant plans to bring pickleball to underserved communities.

☆ Analyst says buy Constellation Brands, makes a bullish case we can agree on
▼ + stars: | 2022-10-11 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Even earlier in the session, when all three major U.S. stock indexes were in the red, STZ shares were slightly in the green. "Pricing optionality" — jargon that really just means raising prices to help offset rising costs — is another part of Wedbush's bullish case. The Club's take Wedbush's positive note comes less than a week after Constellation released its very solid second-quarter results . Just as we saw little to nitpick in the company's numbers and guidance, we see little to disagree with in Wedbush's STZ thesis. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Gabby Jones | Bloomberg | Getty ImagesBenefits of bundlingFor consumers that buy many streaming services already, purchasing a bundle of them for a discount would be an instant money saver. For corporations, pushing together streaming services reduces the number of people who cancel each month, known in the industry as churn. But those companies also offer their own competing streaming services – The Roku Channel, Prime Video and Apple TV+, respectively – which could deter broader partnerships. Wireless companies already offer promotional pricing to streaming services as sign-up bonuses. From the standpoint of niche services, Peacock hasn't come to them with a coherent strategy, according to several people familiar with the talks.

☆ Disney reaches deal with activist investor Third Point, will add former Meta executive to its board
▼ + stars: | 2022-09-30 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. On Friday, Disney said in a public filing that, with Third Point's support, it would add Everson to its board ahead of its board meeting in November. The deal comes weeks after Third Point took a new stake in Disney representing about 0.4% of the company and urged the media company to spin out its sports property, ESPN. Disney has reached a deal with activist investor Dan Loeb's Third Point, which includes adding former Meta executive Carolyn Everson to its board of directors, the companies said on Friday. With Everson, who will officially take her seat on November 21, Disney will have 12 board members.

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