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☆ Merck tops earnings estimates on strong demand for Keytruda, new drugs even as HPV vaccine sales fall
▼ + stars: | 2024-10-31 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

Merck on Thursday reported third-quarter revenue and adjusted earnings that topped expectations as the company saw strong sales from its top-selling cancer drug Keytruda, recently launched treatments and its animal health business. But Merck's vaccine that prevents cancer from HPV, the most common sexually transmitted infection in the U.S., posted another quarter of lighter-than-expected sales. Revenue from the shot, Gardasil, fell 11% compared to the year-earlier period, mainly due to lower demand in China. The company booked $16.66 billion in revenue for the third quarter, up 4% from the same period a year ago. The loss of exclusive rights to the medicine will likely cause sales to fall, forcing the company to draw revenue from elsewhere.

Persons: Keytruda, Curon, Merck Organizations: Merck, LSEG Locations: Rahway , New Jersey, U.S, China

☆ China's navy flexed new muscles in the South China Sea with its first dual aircraft carrier drills
▼ + stars: | 2024-10-31 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

China's navy conducted its first dual-carrier drills this month in the South China Sea. Photos from the recent exercise showed China's two operational aircraft carriers, escort ships, and fighter jets in the South China Sea. People's Liberation ArmyRecent training occurred in the Yellow Sea and East and South China Seas. The Liaoning and Shandong, China's first two aircraft carriers, feature ski jumps for launching aircraft. People's Liberation ArmyThe Shandong is China's first domestically produced aircraft carrier, although it's still based on Liaoning's design.

Persons: —, China's, Kuznetsov, wasn't, it's, hasn't Organizations: Service, Liberation Army Navy, PLAN, People's Liberation Army, South China Seas, Ford, US, US Department of Defense Locations: South China, Liaoning, Shandong, China, South, Taiwan, East, Shenyang, Soviet, Fujian

☆ Chinese smartphone company Honor gets new investors as it gears up for IPO
▼ + stars: | 2024-10-31 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Chinese smartphone company Honor has released devices that fold up to be nearly as thin as an iPhone. BEIJING — Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering. Honor said earlier this year it planned to start changing its shareholder structure in the fourth quarter, after which it would start the IPO process "at a suitable time." Honor spun off from Chinese telecommunications giant Huawei in November 2020 after the parent company was hit by U.S. sanctions. The company on Wednesday released its new Magic7 series of phones that can use the AI features in China.

Persons: Xingyao, — CNBC's Arjun Kharpal Organizations: Huawei, China Telecom —, Cornerstone, Wednesday Locations: BEIJING, Shenzhen, China

☆ Treasury Department announces new Series I bond rate of 3.11% for the next six months
▼ + stars: | 2024-10-31 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Mandel Ngan | AFP | Getty ImagesHow I bond rates workI bond rates have a variable and fixed rate portion, which the Treasury adjusts every May and November. You can see the history of both parts of the I bond rate here. The variable rate is based on inflation and stays the same for six months after your purchase date, regardless of the Treasury's next announcement. How I bond rate changes affect current holdersIf you currently own I bonds, there's a six-month timeline for rate changes, which shifts depending on your original purchase date. But your fixed rate would remain at 1.30%.

Persons: Mandel Ngan, there's Organizations: US Department of Treasury, AFP, Getty, Treasury Locations: Washington ,

☆ Boeing, union reach sweetened contract offer in bid to end strike, vote scheduled for Monday
▼ + stars: | 2024-10-31 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Boeing and its machinists' union have agreed on a new negotiated offer to raise worker pay and potentially end a crippling strike that began almost seven weeks ago with a vote on the new proposal set for Monday. The union urged workers to approve the contract. Boeing said Thursday at the end of the contract, average machinist pay will average $119,309. "We encourage all of our employees to learn more about the improved offer and vote on Monday, Nov. 4," Boeing said in a statement. The Boeing strike is expected to dent Friday's U.S. jobs report.

Persons: Kelly Ortberg Organizations: International Association of Machinists, Aerospace Workers, Boeing, Workers, Microsoft, — Locations: Renton , Washington , U.S, Seattle

☆ Bristol Myers Squibb tops earnings estimates and hikes outlook, helped by Eliquis and new drugs
▼ + stars: | 2024-10-31 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, US, on Wednesday, Dec. 27, 2023. Bristol Myers Squibb on Thursday reported third-quarter earnings and revenue that blew past Wall Street's expectations thanks to its blockbuster blood thinner Eliquis and a portfolio of drugs it expects to deliver long-term growth. Bristol Myers previously said it expected sales to rise in the "upper end" of the low single-digit range. The results come as Bristol Myers moves to cut $1.5 billion in costs by 2025 and funnel that money into key drug brands and research and development programs. Notably, the Food and Drug Administration approved Bristol Myers Squibb's highly anticipated schizophrenia drug Cobenfy during the quarter.

Persons: Bristol Myers, Joe Biden's, Bristol Myers Squibb's Organizations: Bristol Myers Squibb, LSEG, Food and Drug Administration, Bristol Locations: Cambridge, Cambridge , Massachusetts, Eliquis

☆ As Diwali begins, these 4 Indian stocks are set to rise over 30%, analysts say
▼ + stars: | 2024-10-31 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

The new year is commencing with most sectors — and stocks — being overvalued, according to Kotak's analysts. Here are four buy-rated Indian stocks with over 30% potential upside that analysts are betting on this Diwali. Kotak has a 12-month target price of 2,140 Indian rupees ($25.45) on the stock, implying around 40.8% potential upside. Other factors in its favor include regulatory tailwinds promoting recycling and the formalization of reverse charge mechanism on metal scrap, Kotak's analysts wrote in a Sept. 30 note. "SHK['s] tiny relative to global majors, but its technical capabilities are reputable," Kotak's analysts wrote in their Sept. 30 re-initiation report.

Persons: Kotak, Kelkar, Gabriel India, — Organizations: South, Kotak Securities, Bombay Stock Exchange, Industries Fiem Industries, India's National Stock Exchange, Company, BSE, Anand, Gabriel Locations: India, automotives

☆ CNBC Sport: ESPN Chairman Jimmy Pitaro on the most important bet in media
▼ + stars: | 2024-10-31 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +19 min

ESPN President Jimmy Pitaro , who I spoke with this week in an exclusive interview, doesn't shy away from that. Other media companies buy sports rights too, but ESPN buys more, and its entire existence is predicated on it. Yes, ESPN+ has existed since 2018, but ESPN+ has always been ESPN Lite, as I discussed in a CNBC documentary we put out earlier this year. "If that deal delivers for us in terms of growing our ratings, growing our reach – we got Flagship rights. "If that deal delivers for us in terms of growing our ratings, growing our reach – we got Flagship rights.

Persons: Alex Sherman, Jimmy Pitaro, doesn't, Pitaro, That's, it's, There's, Pitaro hasn't, Venu, Fubo, –, He's, Shams Charania, Pat McAfee, he's, Zach Lowe, Max Kellerman, Suzy Kolber, Robert Griffin III, Steve Young, Jalen Rose, We're, Alex, you've, Morgan, Cooper Flagg, Flagg, CNBC's Jess Golden, hasn't, Erik, Hag, Ruud van Nistelrooy, Ruben Amorim, Shohei, — Dwyane Wade, Wade, Michelangelo's David, Dwyane Wade Organizations: CNBC, ESPN, Walt Disney Company, Cable, Warner Bros . Discovery, Paramount Global, Disney, ESPN –, Monday, Football, NBA, WNBA, NHL, MLB, College Football, ACC, Masters, Wimbledon, UFC, Revenue, Flagship, CNBC Sport, Morgan Stanley Wealth Management, Gatorade, Manchester United, archrival Manchester City, English Premier League, Sky Sports News, Los Angeles Dodgers, Major League Baseball, Kaseya, Union of European Football Associations, The, Pickleball, CBS, Fox Sports, December's APP, ESPN Headquarters, Washington Post, The Washington Post Locations: Duke, Los Angeles, Dallas, Atlanta, Portuguese, Japan, Miami, Europe, Fort Lauderdale , Florida

☆ New rule may make it easier to switch banks and transfer your financial data
▼ + stars: | 2024-10-31 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

A new regulatory rule finalized this month by the Consumer Financial Protection Bureau aims to reduce that hassle and make it easier, more secure and always free for customers to switch accounts or to simply transfer or share their financial data from their banks, credit card issuers and other financial service providers upon request. “The problem the CFPB (rule) is addressing is the paperwork required of consumers to change accounts. Financial providers must make this information available without charging fees.”The rule will also restrict how third parties may use and retain the data consumers request be shared. Banks push backThe banking industry wasted no time in expressing its displeasure with the new rule — known as the personal financial data rights rule. “Dodd-Frank only requires banks to provide financial data to consumers.

Persons: it’s, ”, Adam Rust, Rohit Chopra, ” Rust, “, That’s, ” Chopra, Banks, Rob Nichols, —, ” Jaret, “ Dodd, Frank, ” Seiberg, Chopra, they’ve Organizations: CNN, Consumer Federation of America, Consumer Financial, Federal Reserve Bank of Philadelphia, American Bankers Association, Bank Policy Institute, Kentucky Bankers Association and, Cowen Washington Research Group Locations: Kentucky Bankers Association and Kentucky, Las Vegas

☆ 20 interesting things you probably didn't know about the 'Scream' movies
▼ + stars: | 2024-10-31 | by ( Andrew Lasane | Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

Dimension FilmsIn 2011, Craven said that when he started talking to Williamson about going back to Woodsboro, it wasn't for a one-off. "He had an idea for a new trilogy," the director told Movieweb in a 2011 interview. In a 2016 Entertainment Tonight interview, Williamson said he was unsure about another trilogy. "Now without Wes, I feel like you have to sort of answer the questions of how and why, and I don't know how to do it without Wes and I don't know why to do it," he explained. But writers Guy Busick, James Vanderbilt, and directors Matt Bettinelli-Olpin and Tyler Gillett found a way to continue the franchise with 2022's "Scream" and 2023's "Scream VI."

Persons: Emma Roberts, Craven, Williamson, Movieweb, Bob Weinstein, Wes, Guy Busick, James Vanderbilt, Matt Bettinelli, Tyler Gillett, ComicBook.com Organizations: Entertainment Locations: Woodsboro

☆ America’s oldest tombstone has new origin story, according to study
▼ + stars: | 2024-10-31 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +8 min

Historical evidence then pointed the study authors to a Belgian tombstone export business thriving at the time, where they theorize the tombstone began its journey. Burial within a church was typically saved for high-status individuals and clergy, and Yeardley was one of two knights to die while the Jamestown church was in use, according to Jamestown Rediscovery. Colonial period cemeteries have suffered neglect and vandalism, with the Knight’s Tombstone likely surviving for as long as it did because vegetation concealed it, she added. It seems to be pretty inherent there in nature, but most (colonists) didn’t have the resources to import a nice carved stone,” Key said. “There were a lot of people being buried in the church, but only one of them had a big old black (limestone) tombstone from Belgium.”

Persons: ”, Marcus Key, Joseph Priestley, Sir George Yeardley, England, Marcus, Mary Anna Hartley, Hartley, Yeardley, Weeks, —, ” Hartley, “, Queen Elizabeth II’s, King George VI, George’s, didn’t Organizations: CNN, Tombstone, International, Philosophy, Dickinson College, Key, Dickinson College Geosciences, General Assembly, First Peoples Locations: United States, Jamestown , Virginia, North America, Europe, Belgian, Carlisle , Pennsylvania, Belgium, London, Jamestown, Ireland, Virginia, England, Tombstone, America, British, St, Windsor

☆ Inside the Yankees’ grisly fifth inning that proved one of the most costly in World Series history
▼ + stars: | 2024-10-31 | by ( Tyler Kepner | ) www.nytimes.com time to read: +8 min

Never before had a team rallied to win the World Series after losing the first three games. These Yankees made history, but not the way they wanted – they are the only team to blow a five-run lead while facing elimination from the World Series. Then came something that’s always trouble: a little roller along first by a guy named Mookie in a World Series game in New York. AdvertisementIt was only the seventh game in World Series history in which a team lost after leading by five or more runs. And that no team in 54 years had won even once after losing the first three games of a World Series.

Persons: Aaron Boone, ”, Tommy Kahnle, “, Gerrit Cole, Aaron Judge, Anthony Volpe, Cole, that’s, Mookie Wilson’s dribbler, Bill Buckner, We’ll, Buckner, Bob Stanley, Wilson, – Betts, I’ve, Garry Maddox, Judge, Freddie Freeman, hadn’t, Judge couldn’t, Will Smith, Volpe, Jazz Chisholm, Freeman, ” Freeman, Kiké, ” Cole, Anthony Rizzo, ” Rizzo, Balls, You’ve, Betts, Chisholm, Rizzo, Mickey Owen’s, Fred Snodgrass ’, Don Denkinger’s, Mariano Rivera’s, Wally Skalij Organizations: York Yankees, Yankees, Los Angeles Dodgers, Dodgers, Mets, Boston Red Sox, Philadelphia Phillies, Jazz, Brooklyn Dodgers, Los Angeles Times, Getty Locations: New York, Los Angeles

☆ Friday's jobs report is expected to show the slowest pace of hiring in years
▼ + stars: | 2024-10-31 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Goldman Sachs estimates that Helene could shave as much as 50,000 off the payrolls count, though Hurricane Milton probably happened too late to impact the October count. The Boeing strike, meanwhile, could lower the total by 41,000, added Goldman, which is forecasting total payrolls growth of 95,000. Data has been solidYet indicators leading up to the much-watched jobs report show that hiring has continued apace and layoffs are low, despite the damage done from the storms and the strikes. Still, the White House is estimating that the events cumulatively may hit the payrolls count by as many as 100,000. The "disruptions will make interpreting this month's jobs report harder than usual," Jared Bernstein, chair of the Council of Economic Advisers, said Wednesday.

Persons: Angus Mordant, Dow Jones, Milton, Michael Arone, Arone, Goldman Sachs, Helene, Hurricane Milton, Goldman, Jared Bernstein Organizations: Bloomberg, Getty, of Labor Statistics, Hurricanes, Boeing, State Street Global Advisors, of Economic Advisers Locations: Catskill , New York, U.S, Hurricane

☆ At 18, she dreamed about moving to Japan. When she turned 50, she quit her job and bought an abandoned home near Osaka.
▼ + stars: | 2024-10-31 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

Chani Japan. Chani Japan. Chani Japan. Chani Japan. Chani Japan.

Persons: Chani, —, you've, I've, she'd, hadn't, Lawrence Covian, Eric McAskill Organizations: Service, Chani, Japan, YouTube, US Army, BI Locations: Australia, Japan, Brisbane, Chani Japan, Shikoku, Wakayama, Osaka, Europe, I'm, akiya, Iwakuni

☆ Friday’s jobs report just might disprove right-wing conspiracy theories
▼ + stars: | 2024-10-31 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

But they may ditch their argument Friday morning, when the October jobs report is set to be released — just days before Election Day. Groshen disagreed, saying that initial estimates of the monthly change in hiring are “noisier than they used to be” because of the lower response. However, that gets smoothed out in later revisions as response rates improve with the additional time. That exacerbates the funding shortfall at the BLS, where inflation-adjusted funding has steadily declined over the past decade, she said. That would help improve, for instance, Federal Reserve officials’ ability to make interest rate decisions that hinge on the latest labor market data, Groshen told CNN.

Persons: Donald Trump, Hurricanes Helene, Milton, Republican Sen, Marco Rubio, ”, Harris, ” Rubio, Rubio, Erica Groshen, Trump, Karoline Leavitt, Kamala Harris “, Laura Kelter, Groshen, “ Organizations: New, New York CNN, Bureau of Labor Statistics, BLS, Hurricanes, Republican, Biden, Trump, Cornell University School of Industrial and Labor Relations, Department of Labor, Census Bureau, Management, CNN, Biden Administration, Employment, Federal Locations: New York, Florida, America

☆ Worst drought in decades develops after one of driest months in US history
▼ + stars: | 2024-10-31 | by ( Mary Gilbert | ) edition.cnn.com time to read: +6 min

CNN —One of the driest months in United States history is coming to a close after causing the worst drought in more than 20 years in parts of the East as temperatures soar well above average there. As of October 25, the average precipitation across the Lower 48 was less than an inch. Only five months in the 129 years of records have ended with less than an inch of average precipitation over the Lower 48. Flash drought happens when drought conditions increase quickly, rather than over a multi-month or yearly timeframe, according to NOAA. It’s the state’s worst drought level since 2002.

Persons: haven’t, hadn’t, hasn’t, Hurricane Helene, Milton Organizations: CNN, National Oceanic, Atmospheric Administration, New, York, East, NOAA, Associated Press, New Jersey Forest Fire, National Interagency Fire Center Locations: United States, New York City, Philadelphia, Atlanta, Central, Hurricane, Florida, Hurricane Milton, Tampa, Midwest, New Jersey, Delaware, Pennsylvania, Mississippi, Ohio, Essex County , New Jersey, Michigan , New Jersey, Massachusetts, West Coast

☆ Carvana CEO on Q3 earnings beat: In the last two years we've found a new gear in operations
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCarvana CEO on Q3 earnings beat: In the last two years we've found a new gear in operationsErnest Garcia, Carvana CEO, joins CNBC's 'Money Movers' to discuss third-quarter earnings, used car demand, and more.

Persons: we've, Ernest Garcia

☆ Early SpaceX workers got stuck overnight on an ocean barge with a toxic spaceship, new book reports
▼ + stars: | 2024-10-31 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

SpaceX workers got stuck on a barge with a spaceship full of toxic fuel in 2010, a new book reports. After the Dragon spaceship's first flight, a SpaceX crew retrieved it from the ocean. A Dragon spaceship approaches the International Space Station with astronauts on board in 2021. That's why SpaceX workers immediately checked for leaks, according to the book. The Dragon spaceship went on to become a staple of NASA's programming, transporting supplies and astronaut crews to and from the International Space Station.

Persons: —, Eric Berger, Elon Musk, Berger, Musk, Kevin Mock, Keegan Barber, Mock, Roger Carlson, Berger's, It's Organizations: SpaceX, Service, NASA, Ars Technica, International, International Space

☆ Bronny James scores first points of his NBA career, 21 years and one day after LeBron’s first in the league
▼ + stars: | 2024-10-31 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

Lakers head coach JJ Reddick finally obliged and put Bronny into game in the fourth quarter to a loud ovation from the Cleveland crowd. With just over two minutes remaining, the younger James gave the crowd the moment they had been waiting for and scored his first career NBA points with a step-back jump shot. The pair made history on the opening day of the season when they became the first father-son duo to appear together in an NBA game. It was a special moment for me for sure.”It was fitting James' first points came against his hometown team. Lynne Sladky/APJalen Brunson had 22 points and nine assists for the Knicks, while Josh Hart had a double-double with 10 points and 14 rebounds.

Persons: CNN —, James, LeBron James, JJ Reddick, LeBron –, LeBron, Bronny, ” Bronny, ”, Ken Blaze, Reuters Bronny, LeBron’s, ” “ I’ve, “, he’s, Indiana’s, Pascal Siakam, Marc Lebryk, Reuters Siakam, Bennedict Mathurin, Tyrese, Jayson Tatum, Jaylen Brown, Derrick White, KAT, Karl, Anthony Towns, Lynne Sladky, AP Jalen Brunson, Josh Hart, Tyler Herro, Jimmy Butler, Bam Adebayo Organizations: CNN, Cleveland Cavaliers, Los Angeles Lakers, Lakers, NBA, Cavaliers, hometown Cavaliers, Golden State Warriors, LeBron, USA, Sports, Reuters, ” Pacers, Celtics, Indiana Pacers, Boston Celtics, Eastern, Boston, Pacers, Toronto Raptors, Knicks, New York Knicks, Miami Heat, Minnesota Timberwolves, AP, Cleveland Cavaliers Boston Celtics, Indiana Pacers New York Knicks, Miami Heat Atlanta Hawks, Washington Wizards Detroit Pistons, Philadelphia 76ers Toronto Raptors, Charlotte Hornets Brooklyn Nets, Memphis Grizzlies Orlando Magic, Chicago Bulls San Antonio Spurs, Oklahoma City Thunder New Orleans Pelicans, Golden State Warriors Portland Trail Blazers, Los Angeles Clippers Locations: Cleveland, Akron, Boston, Indiana, Tyrese Haliburton

☆ What Wall Street expects from Amazon, Apple earnings after the bell
▼ + stars: | 2024-10-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Wall Street faces another key litmus test Thursday with results from megacap technology giants Apple and Amazon . For Apple, Wall Street also wants to see its latest iPhone pick up steam, and investors seek more insight into when the company's AI initiative will begin lifting sales. For Apple, Wall Street expects EPS of $1.60 on $94.58 billion in revenue. Amazon's retail business also remains top of mind for Wall Street ahead of the busy holding shopping period. Apple For Apple, Wall Street is eagerly searching for signs of strong demand for its latest iPhone model and updates on its AI strategy.

Persons: Jason Helfstein, Brent Thill, Bank of America's Justin Post, Doug Anmuth, Goldman Sachs, Eric Sheridan, Ronald Josey, Morgan Stanley, Erik Woodring, Jefferies, Edison Lee, Samik Chatterjee, Davidson's Gil Luria, Wamsi Mohan, Tim Long, AAPL, Long Organizations: Apple, Nasdaq, Microsoft, Wall, LSEG, Amazon, StreetAccount, Jefferies, Bank of America's, Apple Intelligence, " Bank of America, Barclays Locations: Amazon

☆ OpenAI is taking a page out of Big Tech's playbook by reportedly building its own chips
▼ + stars: | 2024-10-31 | by ( Tom Carter | ) www.businessinsider.com time to read: +6 min

OpenAI is reportedly teaming up with Broadcom and TSMC to build custom AI chips, per Reuters. OpenAI could have its custom chips by 2026 but is reportedly dropping plans to build its own fabs. AdvertisementBuilding custom AI chips has long been the preserve of a select few tech companies — but OpenAI might be about to join the party. AdvertisementOpenAI's move, which will also reportedly see it incorporate AMD chips into its supply mix, means it would reduce its dependency on Nvidia, the market leader for AI chips. While it's unclear how much OpenAI's reported chip-building push will cost, creating custom AI chips doesn't come cheap.

Persons: OpenAI, —, Kate Leaman, Rahul Kulkarni, Maia, Meta, Mark Zuckerberg, Gil Luria, Davidson, Luria, Edward Wilford, Sam Altman, Altman, Pierre Ferragu Organizations: Broadcom, Meta, Google, Service, Reuters, BI, Microsoft, Apple, Tech, Amazon Web, AWS, Nvidia, Big Tech, Street, New, Research, New York Times

☆ Dodgers win World Series in 5 games, overcome 5-run deficit with help of errors to beat Yankees 7-6
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +1 min

Members of the Los Angeles Dodgers celebrate on the field after winning Game 5 to win the 2024 World Series presented by Capital One between the Los Angeles Dodgers and the New York Yankees at Yankee Stadium on Oct. 30, 2024. The Los Angeles Dodgers won their second World Series championship in five seasons, overcoming a five-run deficit with the help of three Yankees defensive miscues and rallying on sacrifice flies from Gavin Lux and Mookie Betts in the eighth inning to beat New York 7-6 in Game 5 on Wednesday night. Aaron Judge and Jazz Chisholm Jr. hit back-to-back home runs in the first inning, Alex Verdugo's RBI single chased Jack Flaherty in the second and Giancarlo Stanton's third-inning homer against Ryan Brasier built a 5-0 Yankees lead. But errors by Judge in center and Anthony Volpe at shortstop, combined with pitcher Gerrit Cole failing to cover first on Betts' grounder, helped Los Angeles score five unearned runs in the fifth. After Stanton's sixth-inning sacrifice fly put the Yankees back ahead 6-5, the Dodgers loaded the bases against loser Tommy Kahnle in the eighth before the sacrifice flies off Luke Weaver.

Persons: Gavin Lux, Mookie Betts, Aaron Judge, Jazz Chisholm, Alex Verdugo's, Jack Flaherty, Giancarlo Stanton's, Ryan Brasier, Anthony Volpe, Gerrit Cole, Betts, grounder, Stanton's, Tommy Kahnle, Luke Weaver Organizations: Los Angeles Dodgers, Capital, New York Yankees, Yankee, Yankees, New York, Dodgers Locations: Los Angeles

☆ Morgan Stanley is launching an investing index tied to sports teams
▼ + stars: | 2024-10-31 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Morgan Stanley is introducing a new portfolio for investors tied to the most prominent sports leagues. Morgan Stanley is hoping to change that. The idea for the new offering first came about when a Morgan Stanley client asked the bank to design a portfolio made up of the companies that support a specific sport. "This one person represents many, and multiples of many that are looking to invest in sports as a fan looking to get engaged." Morgan Stanley says the portfolio will mimic the risk characteristics of the S&P 500.

Persons: Morgan Stanley, Sandra Richards, Morgan Stanley's, Richards Organizations: Thursday, League, Sports, Morgan Stanley's Global Sports, Entertainment, Nielsen Sports

☆ Peloton brings in Ford exec who helped create Apple Fitness+ to lead its turnaround effort
▼ + stars: | 2024-10-31 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +1 min

The struggling fitness company is in the midst of a turnaround effort. Stern was most recently president of Ford Integrated Services and previously held a VP role at Apple. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The struggling fitness company said Thursday that Peter Stern, currently president of Ford Integrated Services and previously a VP at Apple, will be taking the helm on January 1. AdvertisementPeloton said in a statement announcing the news on Thursday that Stern was cofounder of Apple Fitness+, a subscription service for workout videos.

Persons: Peter Stern, Stern, —, Barry McCarthy Organizations: Ford Integrated Services, Apple, Service

☆ 7 ways that Starbucks CEO Brian Niccol plans to change the coffee chain
▼ + stars: | 2024-10-31 | by ( Amelia Lucas | ) www.cnbc.com time to read: +8 min

Niccol wants to change that. Cutting back an 'overly complex' menuSpain, Barcelona, Plaza de Francesc Macia, Starbucks, coffee shop customer ordering. While the changes may disappoint some customers, Niccol said he thinks that they'll appreciate faster, more consistent service in the long run. Bringing back the condiment barsStarbucks brown sugar sachets are seen in Starbucks Coffee in Krakow, Poland on November 4, 2022. Better staffing in cafesMerida, Mexico, Zona Paseo Montejo Centro, Starbucks Coffee shop, baristas and cashier at work smiling.

Persons: Brian Niccols, Brian Niccol, Rachel Ruggeri, Niccol, Lindsey Nicholson, Macia, Jeff Greenberg, Etienne Laurent, we've, Beata Zawrzel, baristas, Taco Bell, Chipotle, Tressie Lieberman, Almond Organizations: Starbucks, CNBC, Mobile, UCG, Getty, Plaza, Universal, AFP, Nurphoto, Zona Paseo, Centro, Starbucks Rewards, Procter & Gamble, Yum Brands Locations: U.S, Queens , New York, Spain, Barcelona, Manhattan Beach , California, Starbucks Coffee, Krakow, Poland, Merida, Mexico

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