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CNN —Golf’s power structure took a sharp shift to the players Tuesday when Tiger Woods was named as the sixth player director on the powerful PGA Tour policy board. The move gives the players a one-seat advantage on the board after the controversial merger in June between the PGA Tour and Saudi-backed LIV Golf. Five of the policy board members are independent directors, with professional backgrounds in law and business. “I am honored to represent the players of the PGA TOUR. Many elite PGA golfers accepted highly lucrative offers from LIV Golf, including Phil Mickelson, Dustin Johnson, Sergio Garcia and Bubba Watson.
Persons: Tiger Woods, LIV Golf, ” Woods, Jay, Monahan, Woods, Rory McIlroy, Webb Simpson, Patrick Cantlay, Charley Hoffman, Peter Malnati, McIlroy, LIV, , Golf, Phil Mickelson, Dustin Johnson, Sergio Garcia, Bubba Watson, Sen, Richard Blumenthal, Greg Norman, ” Monahan, Colin Neville, Neville, Ben Morse Organizations: CNN, Tour, PGA Tour, LIV, PGA, Washington Post, Saudi Public Investment Fund, Capitol Hill, Saudi, Premier Golf League Locations: Saudi, Connecticut
Tiger Woods wipes his driver grip on the 18th tee box during the first round of the PGA TOUR Champions PNC Championship at The Ritz-Carlton Golf Club on December 17, 2022 in Orlando, Florida. Ben Jared | PGA Tour | Getty ImagesThe PGA Tour on Tuesday said Tiger Woods would join its policy board, a concession meant to give players more input and oversight as negotiations continue for its controversial deal with Saudi-backed LIV Golf. Woods joins the board less than a month after former AT&T CEO Randall Stephenson resigned due to concerns regarding the Saudi investment. Until the proposed deal was announced, the PGA Tour and LIV were embroiled in antitrust lawsuits – lobbed at each other – as players left the tour for big paydays at LIV. The proposed deal has been met with ire and confusion from lawmakers, members of the tour and fans.
Persons: Woods, Ben Jared, Tiger Woods, LIV, Randall Stephenson, LIV Golf, Saudi Crown Prince Mohammed bin Salman, Patrick Cantlay, Charley Hoffman, Peter Malnati, Rory McIlroy, Webb Simpson, Monahan, Christian Petersen Organizations: PGA, PNC, Ritz, Carlton Golf Club, Saudi, Saudi Arabia Public Investment Fund, Saudi Crown, Augusta National Golf Club, Getty Locations: Orlando , Florida, Saudi, LIV, Augusta , Georgia
Woods joins PGA Tour's policy board as player director
  + stars: | 2023-08-01 | by ( ) www.reuters.com   time to read: +3 min
"Tiger's voice and leadership throughout his career have contributed immeasurably to the success of the PGA Tour, and to apply both to our governance and go-forward plan at this crucial time is even more welcomed and impactful," said PGA Tour Commissioner Jay Monahan. "I am honoured to represent the players of the PGA Tour," Woods, who is recovering from ankle surgery in April, said in a news release. The announcement comes nearly two months after the golf world was left stunned by the announcement of a framework agreement between the PGA Tour and Saudi Arabia's Public Investment Fund, which controls LIV Golf. According to the PGA Tour, the players and Monahan will work together to amend the Policy Board's governing documents to make it clear that no major decision can be made without the involvement and approval of the player directors. Reporting by Frank Pingue in Toronto Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.
Persons: Woods, Mike Blake, Patrick Cantlay, Charley Hoffman, Peter Malnati, Rory McIlroy, Webb Simpson, Jay Monahan, LIV, Monahan, Colin Neville, Scottie Scheffler, Jon Rahm, Japan's Hideki Matsuyama, Jason Day, Adam Scott, Frank Pingue, Christian Radnedge Organizations: Golf, Reuters, PGA, Saudi Arabia's Public Investment Fund, PGA Tour, PIF, Thomson Locations: Augusta , Georgia, U.S, Toronto
Dow’s Winning Streak Comes to an End
  + stars: | 2023-07-27 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones Organizations: dow
Lack of awareness, lack of diagnosisScientists have only recently begun to understand alpha-gal syndrome. Another third of respondents said they were not confident about their ability to diagnose or manage a patient with alpha-gal allergy. Diagnoses on the riseResearchers haven’t had a good idea how many Americans might have alpha-gal syndrome. This led to them to estimate that between 96,000 and 450,000 Americans may have been affected by alpha-gal syndrome since 2010. A CDC map shows the geographic distribution of suspected alpha-gal syndrome cases per 1 million population per year from 2017 to 2022.
Persons: Ken McCullick, , , “ I’m, ” McCullick, , Scott Commins, aren’t, they’d, wasn’t, haven’t, epidemiologists, Commins, ” Commins, Johanna Salzer, CNN Salzer, ” Salzer, Salzer, McCullick, Dr, Sanjay Gupta, anaphylaxis, , , lightbulb Organizations: CNN, Alpha, US Centers for Disease Control, University of North Carolina School of Medicine, CDC, , Get CNN, CNN Health Locations: Brooksville , Florida, United States, Lenexa , Kansas, Midwest
Biotech Stocks Join AI-Fueled Rally
  + stars: | 2023-07-26 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones
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/articles/goldman-sachs-gs-q2-earnings-report-2023-abea540
Persons: Dow Jones, sachs Organizations: goldman
(Photo by Charley Gallay/Getty Images for Netflix)The main takeaway from Netflix 's second quarter earnings is business is ... good. Netflix added 1.2 million subscribers in the United States and Canada in the quarter — its largest regional quarterly gain since 2021. This is not the story for the rest of the media industry. That means Netflix will actually have even more cash than it previously expected. Next quarter, Netflix forecast subscriber gains will be about 6 million again.
Persons: Netflix Ted Sarandos, Charley Gallay Organizations: Netflix, Raleigh Studios Hollywood, Disney, Warner Bros, Paramount Global, Comcast Locations: ANGELES , CALIFORNIA, Los Angeles , California, United States, Canada
player Allisen Corpuz tapped in her final putt on the 18th hole at Pebble Beach Golf Links this month, she won the United States Women’s Open with a memorable final round, overtaking the leader and holding off a surging challenger in Charley Hull. Corpuz also cashed a $2 million first-place check, which was more than double what Annika Sorenstam won for all three of her U.S. Women’s Open victories combined. Despite losing ProMedica, the health care company, as presenting sponsor for the Open, the United States Golf Association increased the total prize purse by $1 million to $11 million this year. It’s part of a broader move in women’s professional golf to increase sponsorship for tournaments as well as for individual golfers. Over the past few years, purses have risen at tournaments, new sponsors have sought out golfers and even players who are not at the top of their careers have reaped the benefits.
Persons: Allisen Corpuz, Charley Hull, Corpuz, Annika Sorenstam Organizations: United States, Women’s, United States Golf Association
China’s Reopening Trade Is Fizzling Out
  + stars: | 2023-07-11 | by ( Charley Grant | ) 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/articles/chinas-reopening-trade-is-fizzling-out-2f63bb43
Persons: Dow Jones
Stocks Post Broad Losses After Strong Economic Data
  + stars: | 2023-07-07 | by ( Charley Grant | ) 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/articles/global-stocks-markets-dow-news-06-29-2023-254badaa
Persons: Dow Jones Organizations: dow
But a new Texas law might require her to. The law’s primary author, Republican Texas State Rep. Jared Patterson, said its aim is simple: Get sexually explicit content out of schools. Republican Texas State Rep. Jared Patterson debates HB 900, which would ban sexually explicit materials from library books in schools. Mikala Compton/Austin American-Statesman/APBut the burden of rating these books falls on book vendors. The law also applies retroactively to books sold to schools in the past, meaning that vendors must issue recalls for “sexually explicit” books still in circulation.
Persons: Charley Rejsek, they’d, “ We’re, ” Rejsek, Jared Patterson, Mikala Compton, “ We’ve, , ” Patterson, , Shirley Robinson, ” Robinson, Ben Conn, Conn, Noble, ” Conn, wasn’t, Patterson, Valerie Koehler, Mary Cate Stevenson, Noah Nofz Koehler, doesn’t, she’s, ” Koehler, Noah Nofz Richard Bailey, Greg Abbott, Bailey, ” Bailey, Lewis Parry, ” Elizabeth Jordan, ’ Patterson, ” Jordan, can’t, Jordan Organizations: CNN, Republican Texas State, Austin American, Statesman, Resources, , Texas Library Association, Media Association, Barnes, Penguin, Library Company, Education, Willow, Interabang, Dallas County, Lewis Parry Interabang, Nowhere, Texas Education Agency Locations: Texas, Austin, , Houston, Houston , Texas, Dallas, Dallas , Texas, San Antonio
In the age of remote work, employers are quiet quitting on employees. Decision-makers at family offices revealed what it's really like managing billions for the ultra wealthy. But first: It's shaping up to be a cruel summer for Airbnb and Vrbo hosts. The Airbnb hosts getting squeezedReal-estate reshapeBlake Callahan / Getty ImagesThe real-estate industry is facing an existential threat. In the age of remote work, employers are doing it, too.
Persons: Matt Turner, Read, Brian Chesky, Charley Gallay, Vrbo, That's, Blake Callahan, Jonathan Ernst, Consuelo Vanderbilt Costin, Bryan Griffin, Insider's Ben Bergman, Arantza Pena Popo, It's, Satya Nadella, Hallam Bullock, Lisa Ryan Organizations: luxe, Reuters Workers aren't, Stanford University, The Vanderbilt, Waltons, Microsoft Locations: Silicon, Airbnb, New York
Travel Stocks Charge Higher Ahead of Peak Season
  + stars: | 2023-06-29 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones
CNN —On June 6, a shocking announcement was made by the PGA Tour sending reverberations around the golf world. On Monday, multiple news outlets started to circulate the framework agreement that had been quietly made by those groups. CNN has since obtained a copy of the framework agreement. The document was sent to Congress on Monday, according to a source with knowledge of the framework agreement. Lawmakers are inviting Monahan, Al-Rumayyan and LIV Golf CEO Greg Norman to testify at the hearing.
Persons: LIV, , ” PIF, Prince Mohammed bin Salman, “ NewCo, OWGR’s criterial, LIV Golf, Jay Monahan, Yasir Al, Keith Pelley, Monahan, Greg Norman, Patrick Cantlay, Rory McIlroy, Charley Hoffman, Peter Malnati, Webb Simpson Organizations: CNN, PGA, Public Investment Fund, LIV Golf, US Department of Justice, PGA Tour, Wall Street, Investigations, Rocket, , Management, TOUR’s Locations: Saudi, NewCo, Al, Detroit
Stocks Post Losing Week After Signs of Cooling Economy
  + stars: | 2023-06-24 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones Organizations: dow
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/articles/hopes-rise-for-rally-in-small-stocks-after-historic-underperformance-b15a1d20
Persons: Dow Jones
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/articles/nvidia-is-still-a-buy-on-wall-street-as-analysts-race-to-boost-price-targets-964e6ec7
Persons: Dow Jones
Don Bateman, an engineer who invented a cockpit device that warns airplane pilots with colorful screen displays and dire audible alerts like “Caution Terrain!” and “Pull Up!” when they are in danger of crashing into mountains, buildings or water — an innovation that has likely saved thousands of lives — died on May 21 at his home in Bellevue, Wash. His daughter Katherine McCaslin said the cause was complications of Parkinson’s disease. The ground proximity warning system that Mr. Bateman began working on in the late 1960s, and continued to improve until he retired from Honeywell International in 2016, warns pilots against accidentally slamming into land or water because of poor visibility and bad weather, once the most common cause of airline deaths. That category of plane crash has nearly been eliminated. “Don Bateman and his team have probably saved more lives through safety system technologies than anyone else in aviation history,” Charley Pereira, a former senior aerospace engineer with the National Transportation Safety Board, wrote in an email, estimating the number in the thousands.
Persons: Don Bateman, , Katherine McCaslin, Bateman, “ Don Bateman, ” Charley Pereira Organizations: Honeywell International, Boeing, National Transportation Safety Locations: Bellevue, Wash
(AP Photo/Universal Pictures) Photo Credit: Universal Pictures/Tippett StudioAfter spending years amassing streaming subscribers at great cost, media companies now need to make some profits. Look no further for proof of that than the most recent annual Upfronts, the events where media companies like Fox Corp ., Warner Bros. During Disney's earnings call earlier this month, CEO Bob Iger put new emphasis on ad-supported streaming. 'We need ads'There's been an uptick of consumers signing up for ad-supported streaming subscriptions. But media companies are struggling with the question of whether ad-tier subscriptions make up for other losses.
ChatGPT Is Causing a Stock-Market Ruckus
  + stars: | 2023-05-09 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
The rise of artificial intelligence is taking the tech world by storm. The technology is also making waves on Wall Street. It is early days for so-called generative AI, a form of artificial intelligence that can conjure original ideas in the form of text, video or other media. But the tool has caused a stir in companies, schools, governments and the general public for its ability to process massive amounts of information and generate sophisticated content in response to prompts from users.
S&P 500 Starts Week Lower, Short of Bull Market Territory
  + stars: | 2023-05-06 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones Organizations: dow
In 2022, Amazon bought 10.9 gigawatts of clean power, making it the largest corporate buyer of renewable power in the world, according to data from the market research company BloombergNEF. It's also more than four times the amount of clean energy that the second-largest purchaser of clean power, Facebook parent company Meta , bought in 2022. Since 2019, Amazon has scaled from having one gigawatt of renewable energy to more than 20 gigawatts of publicly announced renewable power. Amazon is focused on building new wind and solar projects, Daitch told CNBC. But that's really more of a bridging solution and not our core strategy, which is around enabling new wind and solar projects," Daitch said.
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First Republic Bank recently unveiled a number of changes, including a plan to win deposits from new consumers. Photo: Thalia Juarez for The Wall Street JournalFirst Republic Bank shares lost about half their value Tuesday, a day after the bank reported first-quarter results that showed a deposit hemorrhage in March that was worse than expected. The stock shed 49% to close at $8.10, a new low. Trading in First Republic shares was halted several times Tuesday afternoon after the stock tumbled.
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