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☆ Virgin Galactic launches three paying customers to space
▼ + stars: | 2023-09-08 | by ( Jackie Wattles | ) edition.cnn.com time to read: +5 min

CNN —Virgin Galactic notched its third commercial spaceflight, launching three paying customers on a roughly 90-minute flight that briefly touched the edge of space. Also on board were two Virgin Galactic pilots, commander Nicola Pecile and Michael Masucci. Virgin Galactic stock has shed more than 30% of its value over the past month despite the company’s recent successes. On its first commercial launch, Virgin Galactic carried members of the Italian air force and an Italian engineer on a science research mission. All told, Virgin Galactic has sold about 800 tickets, including 600 at earlier price points up to $250,000 and, more recently, another couple hundred at $450,000 per ticket.

Persons: Virgin Galactic’s, Ken Baxter, Timothy Nash, Adrian Reynard, Nicola Pecile, Michael Masucci, Beth Moses, Virgin Galactic, Richard Branson, Michael Colglazier, Jeff Bezos, Jon Goodwin, Baxter, “ I’ve, Sir Richard, ”, Ken Baxter's Organizations: CNN, Virgin Galactic, Virgin, VSS Unity, America Locations: Vegas, British, South Africa, United Kingdom, New Mexico, Texas, Italian, Antigua

It forecasts that Britain, with a 2030 fossil-fuel car sale ban, could be short 25,000 EV technicians by 2032. And Australia could be 9,000 EV technicians short by 2030, the Victorian Automotive Chamber of Commerce predicts. CEO Lawrence Whittaker said Warrantywise must use expensive franchise dealers to fix EVs because they more often have qualified technicians than independent shops. Customers lacking EV repair options already come from far afield. The IMI estimates 20% of UK automotive technicians have received some EV training, but only 1% are qualified to do more than routine maintenance.

Persons: Rex Nielsen, Mark Syvret, Renault Zoe, Nick Carey, Roberto Petrilli, Lawrence Whittaker, Warrantywise, Mark Darvill, Darvill, Hillclimb's, Addison Lee, Andrew Wescott, Tesla, Daniel Brown, Germany's Lucas, David Etzwiler, Etzwiler, Collin Jennings, Jennings, Steve Nash, Nicholas Wyman, you'll, Aurora Ellis Organizations: Renault, REUTERS, EV, Motor Industry, of Labor Statistics, Victorian Automotive Chamber, Commerce, Auto, Reuters, UK, Tesla, IMI, Siemens Foundation, Traders ' Association of New, MTA NSW, U.S . Institute, Workplace, Thomson Locations: Ash Vale, Britain, DETROIT, MILAN, England, Milan, Melbourne, Malibu, Italy, Hertford, China, India, Europe, United States, Australia, High Wycombe, London, Traders ' Association of New South Wales, NSW

☆ 'Robot pills' could one day help patients avoid needles. The stocks are cheap, but risky
▼ + stars: | 2023-09-03 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +7 min

That's where a number of early-stage drug delivery companies come in — and most are flying under investors' radar. Drug delivery tends to be a "roll-up sector," explained Edward Nash, an analyst at Canaccord Genuity. Nash recently looked at four companies operating in drug delivery: Rani Therapeutics , Biora Therapeutics , Avalyn Pharma and Elektrofi. At the moment, the most effective GLP-1 medications for weight loss are delivered via a subcutaneous injection. The verstility of the Rani pill also is encouraging, according to Harrison, since it could be used with a wide range of drugs.

Persons: that's, Edward Nash, Nash, Rani, FactSet, Talat Imran, Eli Lilly, Evercore, Lilly, Genuity's Nash, Julian Harrison, Rani's, Harrison, Cantor Fitzgerald, Olivia Brayer, Imran, We're Organizations: Big Pharma, Therapeutics, Biora Therapeutics, Avalyn Pharma, CNBC, Novo Nordisk, Novo, European Union, Food and Drug Administration, Celltrion Locations: —

Electric vehicle companies Lucid , Fisker and Nikola have had a tough year — and Wall Street expects these stocks have even more downside potential. Nikola, which manufactures electric trucks, has seen its short interest jump nearly 14% to 157.7 million shares, or 27.3% of its float. More than a third of Arcutis Biotherapeutics 's free-float shares have been shorted by Wall Street, or 15.5 million shares. Liver disease treatment company Intercept Pharmaceuticals also saw a 12% jump in short interest, with 9.5 million shares sold short. Below is the full list of the most shorted stocks between July 31 and August 15.

Persons: Nikola, Fisker, Arcutis, scPharmaceuticals, Jerry Durso Organizations: EV, IGM Biosciences, Intercept Pharmaceuticals, U.S . Food, Drug Administration, NASH, Intercept, New York Stock Exchange Locations: FactSet, U.S

☆ This biotech stock can rally more than 70% with its fatty liver disease treatment, UBS says
▼ + stars: | 2023-08-28 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Akero Therapeutics could be a winner in the race to treat non-alcoholic steatohepatitis, a potentially life-threatening liver disease. Nash is a severe form of fatty liver disease which can cause inflammation of the liver and fibrosis, or scarring, of the liver. The disease can also lead to cirrhosis, in which the liver is permanently damaged. Individuals with Nash are part of the 20% of adults in the U.S. who have NAFLD, or non-alcoholic fatty liver disease. AKRO YTD mountain Akero Therapeutics stock.

Persons: steatohepatitis, Eliana Merle, Akero, Nash, NASH, Merle, NASH cirrhotics, — CNBC's Michael Bloom Organizations: U.S . Food, Drug Administration, Therapeutics Locations: U.S, Nash

☆ Boehringer to test obesity drug in three late-stage trials
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

The logo of German pharmaceutical company Boehringer Ingelheim is seen at its building in Shanghai, China February 1, 2019. REUTERS/Stringer/File Photo Acquire Licensing RightsAug 17 (Reuters) - Germany's Boehringer Ingelheim said on Thursday it would conduct three late-stage studies for its obesity drug candidate after it showed up to 19% weight loss after 46 weeks in a mid-stage trial. The private company plans to start enrollments for the trial of the drug, survodutide, which it co-invented with Danish biotech company Zealand Pharma (ZELA.CO), before the end of the year. Boehringer and Zealand are among global drugmakers racing to grab a share of the potential $100 billion market for obesity treatments within a decade. Survodutide works by mimicing a gut hormone called glucagon-like peptide-1 (GLP-1), which suppresses appetite, as well as imitating another gut hormone called glucagon that helps break down fat.

Persons: Stringer, Boehringer Ingelheim, Boehringer, NASH, Leroy Leo, Sriraj Organizations: REUTERS, Zealand Pharma, Thomson Locations: Shanghai, China, Zealand, Bengaluru

☆ Three ways Covid changed the restaurant industry
▼ + stars: | 2023-08-13 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +7 min

Now, over three years later, the restaurant industry is back. In the early days of the pandemic, people got used to eating their restaurant food at home. Too many jobs, too few workersEarly in the pandemic, many restaurant workers got laid off. Now, over three years since the pandemic hit the US, some restaurant jobs remain unfilled. But many of these have at the same time vehemently opposed proposed legislation that could raise the minimum wage for fast food workers.

Persons: Anderson Cooper, Bobby Flay, Esther Choi’s, we’re, ” Choi, Mŏkbar, ”, Choi, Esther Choi, Masaharu Morimoto, Roy Rochlin, Joe Pawlak, Carbone, Covid, Chris Kempczinski, Taco, Spencer Platt, “, Uber, Doordash, Bonnie Morales, Leah Nash, Israel Morales, Flay, ” Donna, ” Pawlak Organizations: CNN, New, New York CNN, National Arts Club, Getty, National Restaurant Association, Washington Post, Bonnie Locations: New York, Manhattan, New York City, Israel, Kachka, Portland , Oregon, Portland

☆ Trucking firm Yellow extends bankruptcy loan talks until next week
▼ + stars: | 2023-08-11 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

Yellow filed for bankruptcy on Sunday with a loan offer for that amount from private equity firm Apollo, a senior lender to the company before its bankruptcy. The trucking company said earlier this week it was seeking alternative financing from MFN Partners, an investment firm that owns 41% of Yellow's stock, and Estes Express Lines, a rival in freight trucking. Yellow intends to use its bankruptcy to sell all of its assets, including 12,000 trucks and over 300 shipping service centers. The union, which represents about 22,000 laid-off Yellow employees, said the Nashville, Tennessee-based company "mismanaged" its way to bankruptcy. Yellow owes the U.S. Treasury over $700 million on a pandemic bailout loan approved by former President Donald Trump's administration in 2020.

Persons: Mike Blake, Pat Nash, Craig Goldblatt, Nash, Dennis Dunne, Donald Trump's, Dietrich Knauth, Mark Porter, Andrea Ricci, Alexia Garamfalvi, Richard Chang Organizations: U.S, Yellow Corp, MFN Partners, Estes Express, Apollo, U.S . Treasury Department, International Brotherhood of Teamsters, U.S . Treasury, Thomson Locations: Mexico, San Diego , California, U.S, Wilmington , Delaware, Nashville , Tennessee

☆ As weight loss drug stocks rallied on a landmark study, these stocks were over sold, analysts say
▼ + stars: | 2023-08-11 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +8 min

However, the pharmaceutical companies are making the case that weight loss can improve health, and possibly lower health-care costs over time. But analysts have said the news isn't all bad for such stocks, and many were fell too low on Tuesday. Deutsche Bank analyst Imron Zafar estimated Thursday that bariatric surgery accounts for about 5% of Intuitive Surgical's U.S. robotic surgery business, but has been driving much of the company's growth. Some of the surgeons Zafar spoke with said any drop off in bariatric surgery was likely to be offset by increased use of the robot for other procedures. But they expect the drugs will remain necessary because GLP-1 drugs have yet to show they improve fibrosis, which is associated with NASH.

Persons: nonalcoholic steatohepatitis, NASH, Abbott, Robbie Marcus, Marcus, Marcus doesn't, Goldman Sachs, Goldman, Stryker, Smith, Zimmer Biomet, Bariatric, Imron Zafar, Zafar Organizations: Novo Nordisk, Abbott Laboratories, CNBC, JPMorgan, Companies, Inspire Medical Systems, Resmed, Philips, Nephew, Deutsche Bank, Madrigal Pharmaceuticals, Sagimet Biosciences, Akero Therapeutics, Terns Pharmaceuticals, Viking Therapeutics, Madrigal Locations: U.S

☆ Trucking firm Yellow explores alternate bankruptcy loans
▼ + stars: | 2023-08-09 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

Semi truck trailers are pictured at freight trucking company Yellow’s terminal near the Otay Mesa border crossing between the U.S. and Mexico in San Diego, California, U.S., August 7, 2023 after the company filed for bankruptcy protection. REUTERS/Mike BlakeNEW YORK, Aug 9 (Reuters) - Bankrupt trucking company Yellow Corp (YELL.O) will not seek court approval to borrow $142.5 million from private equity firm Apollo Global Management as planned on Wednesday, instead seeking time to explore alternate loan offers, an attorney for the company said. Yellow is weighing those offers while negotiating with Apollo on how those loans would impact Apollo's collateral rights on a pre-existing $501 million loan. Yellow plans to return to court on Friday with more clarity on which loan it will choose. The union, which represents about 22,000 Yellow employees, said the Nashville, Tennessee-based company "mismanaged" its way to bankruptcy despite concessions made by workers.

Persons: Mike Blake NEW, Pat Nash, Craig Goldblatt, Nash, Goldblatt, Dietrich Knauth, Chris Reese, Richard Chang Organizations: U.S, Yellow Corp, Apollo Global Management, MFN Partners, Estes Express, Apollo, International Brotherhood of Teamsters, Thomson Locations: Mexico, San Diego , California, U.S, Wilmington , Delaware, Nashville , Tennessee

☆ Goldman says this little-known biotech stock could more than double
▼ + stars: | 2023-08-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Clinical-stage biopharmaceutical company Sagimet Biosciences could see its treatments reach a breakout stage, which could send its share price soaring, according to Goldman Sachs. The stock has been publicly traded since July 14, and it's trading slightly below its IPO level. Investors are focused on upcoming biopsy results of the second phase of the denifanstat study on liver fat levels, said Tan. Positive results from this phase would support advancement into a pivotal phase three study, she added. The "role of FASN in other indications could offer upside," Tan noted.

Persons: Goldman Sachs, NASH, Andrea Tan, Tan, Denifanstat, FASN, — CNBC's Michael Bloom Organizations: Sagimet Biosciences

☆ Stocks making the biggest moves premarket: UPS, Lucid, Beyond Meat, Novo Nordisk and more
▼ + stars: | 2023-08-08 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

The company reported an adjusted $2.11 per share on revenue of $8.31 billion, while analysts polled by Refinitiv forecasted $1.98 and $7.58 billion. Analysts surveyed by Refinitiv had penciled in a loss of 33 cents per share on $175 million of revenue. Palantir Technologies — Palantir Technologies slid 3.4% after the data analytics company reported its second-quarter results. Beyond Meat reported an adjusted loss of 83 cents per share on $102.1 million in revenue, while Refinitiv forecasted 86 cents and $108.4 million. Paramount Global — The media conglomerate's shares climbed more than 2% in premarket trading after the company reported a quarterly earnings and revenue beat.

Persons: Goldman Sachs, NASH, Banks, Moody's, Eli Lilly, EchoStar, Charlie Ergen, Refinitiv, Lucid, Palantir, Hims, Simon & Schuster, Yun Li, Samantha Subin, Sarah Min, Pia Singh, Jesse Pound Organizations: Sagimet, Goldman, T Bank, Citizens Financial, Bank of New York Mellon, Truist, JPMorgan Chase, Telsey, Refinitiv, Novo Nordisk —, Dish, United Parcel Service, behemoth, UPS, Palantir, Paramount Global, Paramount, KKR Locations: New York, Banks —

☆ In New York, Covid Cases Are Rising, Slightly, Officials Warn
▼ + stars: | 2023-08-02 | by ( Joseph Goldstein | More About Joseph Goldstein | ) www.nytimes.com time to read: +1 min

So far New York City has seen seven waves of Covid-19, with four occurring since the Omicron variant first appeared at the end of 2021. Dr. Nash estimates that more than 20 percent of New Yorkers have now had Covid-19 three or more times, a group that now includes him. New York City’s vast testing apparatus has largely closed, and many people don’t bother with at-home tests anymore. In New York City, the daily average count of new cases stood at only 363, as of July 24. “As we once again see an increase in cases of Covid-19 in the state, I urge all New Yorkers to remember Covid is a treatable disease,” Dr. McDonald said, urging people to consider seeking antivirals such as Paxlovid, if infected.

Persons: Nash, “, James McDonald, Dr, McDonald Organizations: Yorkers Locations: New York City, York

☆ A 26-year-old who's helped women of color earn more than $3.5 million in the stock market answers the 2 most common investing questions she gets
▼ + stars: | 2023-07-21 | by ( Sheryl Nance-Nash | Read More | Read Less | ) www.businessinsider.com time to read: +6 min

Our experts answer readers' investing questions and write unbiased product reviews (here's how we assess investing products). Start investing with one of the best investing apps for beginners »Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. That was my introduction to investing," Brookes told Insider. Modern Blk Girl has grown its community to more than 150,000 members, and helped women of color earn more than $3.5 million in the stock market. Start investing with one of the best investing apps »This article was originally published in May 2022.

Persons: Sharlea Brookes, Brookes, Tiffany James, Patience, they'll, didn't, It's, Brookes doesn't, MBG's Organizations: Service, Teen University, Invest, Yahoo, Wall Street Journal, CNBC, Industry Locations: Wall, Silicon

☆ How Thai food became so popular in the US — and how today’s chefs are going beyond pad thai
▼ + stars: | 2023-07-12 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +11 min

CNN —When Anajak Thai opened in 1981, most people who walked into the Los Angeles restaurant weren’t familiar with Thai cuisine. Thai food became so popular among Americans that the Thai government took notice. Thai food in the US reaches new heightsToday, the Thai restaurant scene in the US is perhaps the most exciting that it’s ever been. And Thai American chefs like Pichetrungsi are continuing to defy stereotypes and misconceptions of what constitutes Thai food. He wants to show diners just how innovative Thai cuisine can be, but he’s hesitant to take familiar comforts like pad thai off the menu altogether.

Persons: Justin Pichetrungsi, Pichetrungsi’s, Rick Pichetrungsi, Anajak, ” Pichetrungsi, Pichetrungsi, he’s, It’s, Mark Padoongpatt, Padoongpatt, Marie Wilson, ” Padoongpatt, Justin, “, ”, Saipin Chutima, Bill, Isabella Vosmikova, Andy Ricker, Chiang, Leah Nash, Chiang Mai, Hong Thaimee, Rather, ” Thaimee, Leela Punyaratabandhu, Punyaratabandhu, mok, We’ve, James Beard, it's, Mariah Tauger Organizations: CNN, Sherman Oaks, Disney, University of Nevada, Thai, Food, Lotus, White, Washington Post, Pichetrungsi, Los Angeles Times Locations: Los Angeles, L.A, Thailand, Asia, Las Vegas, Thai America, United States, Angeles, Central Thailand, Thai, Siam, Northern Thailand, White American, Portland , Oregon, Chiang Mai, Bangkok, America, New, Chicago, Heart, Malaysian, California

☆ Pfizer makes equity investment in Caribou Biosciences
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

July 6 (Reuters) - Pfizer (PFE.N) has invested $25 million to buy a minority stake in Caribou Biosciences (CRBU.O), making it the latest small biotechnology firm to attract the pharmaceutical giant's interest. The news lifted shares of Caribou more than 61% in early trade. Pfizer purchased nearly 4.7 million Caribou shares at $5.33 per share, Caribou said on Thursday, representing a premium of about 30% over Caribou's previous close price. This represents 7.64% of outstanding shares in Caribou, according to Reuters' calculation based on Refinitiv IBES data. It also made a $25 million equity investment in Akero Therapeutics (AKRO.O) last year.

Persons: Caribou, NASH, Jennifer Doudna, Raghav Mahobe, Leroy Leo, Maju Samuel Organizations: Pfizer, Caribou Biosciences, Biohaven Pharmaceutical, Akero Therapeutics, Thomson Locations: Caribou, California, Bengaluru

☆ Aura Sells Cybersecurity to Regular People
▼ + stars: | 2023-07-05 | by ( Kim S. Nash | ) www.wsj.com time to read: +5 min

Hari Ravichandran, chief executive of Aura, wants families—from children to their grandparents—to take charge of their personal cybersecurity. Ravichandran spoke with WSJ Pro about Aura’s challenges, and how it uses artificial intelligence to make cybersecurity invisible. With cybersecurity, people don’t think about a lot of the basic views from which your data can get exploited. In a grandparent scam, for example, somebody calls pretending to be your grandson or a granddaughter saying, “Hey, I’ve been kidnapped. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors.

Persons: Hari Ravichandran, Aura, —, Jeffrey Katzenberg, Robert Downey Jr, Ravichandran, Jack Plunkett, it’s, “, I’ve, Kim S, Nash Organizations: Federal Bureau of Investigation, Hollywood, DreamWorks, Southwest Locations: kim.nash

☆ Why Iran and Cuba Turned Their Back on the U.S. - The New York Times
▼ + stars: | 2023-07-03 | by ( Peter Beinart | ) www.nytimes.com time to read: +3 min

One reason Cuba still needs Beijing’s money is that the Biden administration has kept key Trump sanctions in place. When the two countries signed the 2015 nuclear deal, Iran’s foreign minister at the time, Mohammad Javad Zarif, called it “not a ceiling but a solid foundation. We must now begin to build on it.” Iran’s leaders, like Cuba’s, hoped better relations with the United States would spur Western investment. Mr. Trump canceled the nuclear deal and reimposed harsh sanctions. This isn’t the first time the United States has driven smaller nations into the arms of its superpower adversaries.

Persons: Obama, Conan O’Brien, Andrew Cuomo, Steve Nash, Michael J, Bustamante, ’, Donald Trump, Evan Ellis, Biden, Mohammad Javad Zarif, ”, Zarif, Hassan Rouhani, Trump, ” Fredrik Logevall, Ho, Ho Chi Minh, Viet Minh Organizations: University of Miami, White, Wall Street, Cuban, U.S . Army, College, Trump, National Security, Strategic Services, Japan Locations: Cuban, Havana, University of Miami Cuba, Cuba, America, China, Iran, United States, Moscow, Russia, Ho Chi, France, Viet

These themes have become a common thread in his sermons and interviews, especially since Uganda’s Anti-Homosexuality Act was signed into law last month. Nowhere is safe for any queer person living in Uganda,” Joan Amek, co-founder of Rella Women’s Foundation, told CNN. At least 300 human rights violations against suspected homosexuals have been reported in Uganda arising from the Anti-Homosexuality Act of 2023, the SRT told CNN. ‘My life is hell’Nash Wash Raphael, a 30-year-old transgender man, says he was attacked on the night Museveni signed the Anti-Homosexuality Act. The Church of Uganda openly defied the Archbishop of Canterbury, Justin Welby, and supported the Anti-Homosexuality Act, accusing the global head of the Anglican Church of misinterpreting the Bible.

Persons: Canon John Awodi, ”, Yoweri Museveni, ” Joan Amek, didn’t, ’, “, ” Amek, Joan Amekis, Asuman Basalirwa, ‘, Nash, Raphael, Museveni, Nash Wash Raphael, Fabien Muhire, ” Raphael, couldn’t, We’ve, they’ll, Anglican Church Amek, Amek, of Canterbury, Justin Welby, Welby, Bill Organizations: Uganda CNN, Saints ’ Cathedral, CNN, Rella, Foundation, Bethlehem Feleke, SRT, Anglican Church, Anglican, of Locations: Kampala, Uganda, Rev, Bethlehem, Dubai, Saudi Arabia, Africa, Ugandan

☆ Eli Lilly's weight loss drugs trounce sky-high expectations, boosting the stock
▼ + stars: | 2023-06-27 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +5 min

What's more, some showed no signs their weight loss was leveling off, suggesting they could continue to shed pounds. (Both use semaglutide, but Ozempic is marketed as a type 2 diabetes treatment, while Wegovy is primarily for weight loss.) Bank of America's Geoff Meacham said retatrutide "exceeded expectations" for weight loss. "This is important, as while the overall 22.4% weight loss was impressive, looking at men and women separately, weight loss was 21.9% and 28.5%, respectively, with the slope in females not yet plateauing. Schott also described the weight loss as "impressive" and said it will likely compare favorably with Novo's next-generation drug CagriSema, which is expected to show weight loss of more than 25% when it releases its next update.

Persons: Eli Lilly, What's, Lilly, Lilly's, Carter Gould, Gould, orforglipron, Bank of America's Geoff Meacham, retatrutide, Meacham, Chris Schott, Schott, Novo's, Evan David Seigerman, Seigerman, Morgan Stanley, Terence Flynn, — CNBC's Michael Bloom Organizations: American Diabetes Association, Wall, Novo Nordisk, Barclays, Bank of America's, JPMorgan, Lilly, BMO Capital, Indianapolis, ~$ Locations: Novo

☆ CarMax beats profit estimates powered by cost-cuts; shares jump
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +1 min

Shares of the pre-owned car retailer were up about 8% before the bell. Auto retailer AutoNation (AN.N), in April, missed Wall Street estimates for first-quarter revenue as higher new vehicle and after-sales demand was offset by weakness in used vehicle and customer financial service businesses. On Friday, CarMax reported an adjusted profit of $1.16 per share, compared with average analysts' expectation of 79 cents per share, as per Refinitiv data. Net revenue came in at $7.69 billion, compared with analysts' estimates of $7.53 billion. Reporting by Kannaki Deka and Nathan Gomes in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Bill Nash, CarMax, Kannaki Deka, Nathan Gomes, Shailesh Organizations: CarMax, Auto, Thomson Locations: Bengaluru

☆ A war between 2 billionaire hedge-fund founders spilled out into the open in an alarming filing
▼ + stars: | 2023-06-20 | by ( Matt Turner | ) www.businessinsider.com time to read: +3 min

John Overdeck and David Siegel created hedge-fund giant Two Sigma, amassing billions in wealth. Here's the relevant section of the filing:There have been a variety of management and governance challenges at the Adviser. These disagreements can affect the Adviser's ability to retain or attract employees (including very senior employees) and could continue to impact the ability of employees to fully implement key research, engineering, or corporate business initiatives. Nor can it agree on the org chart, the management structure, corporate governance, or succession plans. These disagreements might hurt Two Sigma's ability to retain and attract star employees, and those employees' ability to actually implement research, tech, or business initiatives.

Persons: John Overdeck, David Siegel, Juliet Chung, Gregory Zuckerman, Chung, Zuckerman, Jamie Nash, Kleinberg Kaplan, I've Organizations: Sigma, Bloomberg, Wall Street, Management, Management Committee, Chief Investment Officers

LONDON, June 15 (Reuters) - Hawkish central banks have sent a resounding "no" to markets betting recession would force rate cuts soon, leaving money managers scrambling for direction as the second half of the year approaches. "Markets have been wrong not only in their interpretation of the data but of the central bank reaction," he added. "Even though inflation is coming down, you are still getting that phase were the central banks think they need to talk hawkishly about this." Canada last week restarted rate hikes, Australia has come off a pause and Norway may have to accelerate hikes next week. BofA now expects two 25 bps interest rate hikes from the Fed this year, JPMorgan sees only one more and Morgan Stanley sees none.

Persons: Jason Simpson, Shorter, BofA, Morgan Stanley, Mark Nash, Nash, Kaspar Hense, Michael Michaelides, Shamik, BoE, they're, Dhar, Naomi Rovnick, Dhara Ranasinghe, Conor Humphries Organizations: U.S . Federal Reserve, European Central Bank, Bank of England, State, Bank of Japan, Treasury, JPMorgan, BlueBay Asset Management, BNY Mellon Investment Management, Thomson Locations: U.S, Canada, Australia, Norway, Shamik Dhar

☆ Opinion: This TV mom changed everything
▼ + stars: | 2023-06-14 | by ( Opinion Raakhee Mirchandani | ) edition.cnn.com time to read: +7 min

Raakhee Mirchandani Kim Lorraine PhotographyI never searched for either of us on TV. I’m grateful NHIE gave Indian moms — Brown moms, Desi moms, South Asian moms — the crown we deserve. (L to R) Poorna Jagannathan as Nalini Vishwakumar, Maitreyi Ramakrishnan as Devi in episode 410 of "Never Have I Ever." But now, among the cohort of timeless TV mothers, there’s Devi’s mom — and let me tell you: Nalini, as realized by the inimitable Jagannathan, certainly has got it going on. (And anyone with a Brown mom knows the eyes; one look is all it takes.)

Persons: Kalpana Chawla, ”, Brady, Roseanne, Angela Bower, Clair Huxtable, Aunt Viv, Raakhee Mirchandani Kim Lorraine, Desi, Vishwakumar, Poorna Jagannathan, I’m, NHIE, — Brown, Mindy Kaling, Lang Fisher, Maitreyi Ramakrishnan, Jessica Brooks, —, Brown, there’s, Devi, Nalini, wasn’t, Will, Jamie Ryan, Niecy Nash, let’s, She’s, she’s Organizations: CNN, Netflix, Princeton, Twitter, Facebook

Republican hopefuls have alleged, without evidence, that the investigation into Trump, who is running to unseat Biden from the White House in 2024, is politically motivated. As the charges against Trump were unsealed, Biden was in North Carolina, where he was discussing his economic agenda and had plans to meet with military members. BIDEN, TRUMP IN SWING STATENorth Carolina is a key political swing state that Republicans are courting this weekend during a state convention. North Carolina, with 15 electoral votes, is an important political swing state that Trump won, though only with a slim margin, in 2020. He leads the North Carolina Republican field with 44% of the vote, followed by DeSantis at 22%, the poll shows.

Persons: ROCKY, Joe Biden, General Merrick Garland, Department's, Donald Trump, I’m, Biden, White, Olivia Dalton, Garland, Jack Smith, Trump, BIDEN, Jill, Ron DeSantis, DeSantis, Nandita Bose, Jeff Mason, Sarah Lynch, Jarrett Renshaw, Heather Timmons, Alistair Bell, Daniel Wallis, Diane Craft Organizations: Trump, White House, DOJ, Air Force, FBI, TRUMP, Nash Community College, Fort Liberty, Diagnostics, North Carolina Republican, White, Liberty, Thomson Locations: N.C, North Carolina, Carolina, Rocky Mount, Florida, Philadelphia . North Carolina, Fort Bragg

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