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☆ Hollywood strike may soon turn destructive for media stock investors, analysts say
▼ + stars: | 2023-07-20 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

"We're getting to a point of being very destructive to the entertainment ecosystem," said Rosenblatt Securities analyst Barton Crockett. Bazinet said to expect the walkout to last into the fourth quarter, which would mean a writers' strike lasting between around 150 and 240 days and an actors' strike in a range of 70 and 160 days. The strikes could cost the film and TV industry about $150 million per week, Citigroup's Bazinet wrote, using inflation-adjusted data from the 1980 actors' strike. "The lasting impacts are: [it] makes the streamers stronger and the traditional media companies weaker," Crockett said. JPMorgan analyst David Karnovsky downgraded movie theatre chain Cinemark shares to neutral from overweight earlier this week, citing the strike.

Persons: We're, Barton Crockett, Jason Bazinet, Bazinet, Douglas Mitchelson, Mitchelson, Goldman Sachs, Brett Feldman, Philip Cusick, Cusick, Goldman's Feldman, Citigroup's Bazinet, Rosenblatt's Crockett, Crockett, Feldman, Barbie, Oppenheimer, Stephen Laszczyk, David Karnovsky, Karnovsky, — CNBC's Michael Bloom Organizations: Screen, – American Federation of Television, Radio Artists, Alliance, Television Producers, Writers Guild of America, Rosenblatt Securities, Media, AMC, Disney, Warner Bros, Discovery, Paramount, Netflix, UFC, Endeavor, WWE, SAG, Credit Suisse, JPMorgan, AMC Networks, WBD, Covid, Comcast, CNBC

[1/2] A view of Condor Galaxy supercomputing systems for artificial intelligence work made by Cerebras Systems, in Santa Clara, California, U.S., in this undated handout photo received on July 19, 2023. Courtesy of Rebecca Lewington of Cerebras Systems/Handout via REUTERSJuly 20 (Reuters) - Cerebras Systems on Thursday said that it has signed an approximately $100 million deal to supply the first of three artificial intelligence (AI) supercomputers to the United Arab Emirates-based technology group G42. "Cerebras has what they call a 'white glove' service that made it easy for us" to build AI systems on its machines, G42 Cloud CEO Talal AlKaissi told Reuters. The contract to complete the first of the three systems announced on Thursday is worth about $100 million, Cerebras CEO Andrew Feldman said. "What we're saying is that the $100 million contract takes us through Condor Galaxy 1... That's the unit, the building block."

Persons: Rebecca Lewington, Cerebras, Talal AlKaissi, Andrew Feldman, Stephen Nellis, Krystal Hu, Rashmi Organizations: Condor Galaxy supercomputing, Cerebras Systems, REUTERS, Systems, United Arab, Nvidia Corp, Nvidia, Condor Galaxy, Mudabala, Reuters, Thomson Locations: Santa Clara , California, U.S, United Arab Emirates, Abu Dhabi, Silver, San Francisco, New York

As a historic heat wave grips much of the world and the United States, no city has become more emblematic of the crisis than Phoenix, where temperatures have exceeded 110 degrees for the past three weeks. Today, the city’s chief heat officer, David Hondula, discusses how the city is adjusting to the new reality of chronic extreme heat — and whether we are adapting to it fast enough.

Persons: David Hondula Locations: United States, Phoenix

[1/2] A view of Condor Galaxy supercomputing systems for artificial intelligence work made by Cerebras Systems, in Santa Clara, California, U.S., in this undated handout photo received on July 19, 2023. Abu Dhabi-based G42, a tech conglomerate with nine operating companies that include datacenter and cloud service businesses, says it plans to use the Cerebras systems to sell AI computing services to health care and energy companies. G42 has raised $800 million from U.S. tech investment firm Silver Lake, which has backing from Mudabala, the UAE's soverign wealth fund. "Cerebras has what they call a 'white glove' service that made it easy for us" to build AI systems on its machines, G42 Cloud CEO Talal AlKaissi told Reuters. G42 Cloud's AlKaissi declined to comment on the terms of the deal.

Persons: Rebecca Lewington, Cerebras, Andrew Feldman, Feldman, Talal AlKaissi, Stephen Nellis, Krystal Hu, Rashmi Organizations: Condor Galaxy supercomputing, Cerebras Systems, REUTERS, Systems, United Arab, Nvidia Corp, Nvidia, Condor Galaxy, Cerebras, UAE, Mudabala, Reuters, Thomson Locations: Santa Clara , California, U.S, United Arab Emirates, Abu Dhabi, Silver, San Francisco, New York

☆ An A.I. Supercomputer Whirs to Life, Powered by Giant Computer Chips
▼ + stars: | 2023-07-20 | by ( Yiwen Lu | More About Yiwen Lu | ) www.nytimes.com time to read: +1 min

The supercomputer, which was unveiled on Thursday by Cerebras, a Silicon Valley start-up, was built with the company’s specialized chips, which are designed to power artificial intelligence products. The chips stand out for their size — like that of a dinner plate, or 56 times as large as a chip commonly used for A.I. Cerebras said it had built the supercomputer for G42, an A.I. G42 said it planned to use the supercomputer to create and power A.I. “What we’re showing here is that there is an opportunity to build a very large, dedicated A.I.

Persons: Cerebras, ”, Andrew Feldman, “ Organizations: Cerebras Locations: Santa Clara, Calif

☆ Goldman Sachs thinks its favorite media stock can rally more than 60% despite Hollywood strikes
▼ + stars: | 2023-07-18 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Goldman Sachs sees big gains ahead for Warner Bros. Analyst Brett Feldman said Warner Bros. Companies will likely continue keeping focus on profitability in streaming with subscriber growth likely nonexistent or minimal. He said those execution catalysts are largely within the company's hands, pointing specifically to the fact that Warner Bros. Warner Bros.

Persons: Goldman Sachs, Brett Feldman, Feldman, Barbie, HBO Max, — CNBC's Michael Bloom Organizations: Warner Bros . Discovery, Guild of America, American Federation of Television, Radio Artists, Hollywood, Warner Bros, Discovery, CNN, HBO

☆ This under-the-radar marketing stock can rally more than 60%, Goldman Sachs says
▼ + stars: | 2023-07-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stagwell is a stock that shouldn't be overlooked as digital marketing gains favor, Goldman Sachs said. Stagwell, which focuses on creative and digital marketing, is up about 19% this year. STGW 1D mountain Stagwell stock Stagwell is expected to benefit from long-term growth in digital advertising and marketing spend globally, Feldman said. Digital advertising spending is expected to grow faster than total spending in the space through the end of 2026. "Specifically, we expect STGW will continue to benefit from secular tailwinds to digital advertising spend," he said.

Persons: Goldman Sachs, Brett Feldman, Feldman, Stagwell, — CNBC's Michael Bloom Organizations: Digital Locations: Friday's

Supreme Court Justice Clarence Thomas, the second Black justice to sit on the court after Thurgood Marshall, has spent years opposing affirmative action. When the high court struck down the policy last month, Justice Thomas was one of the most influential figures behind the ruling. Abbie VanSickle, who covers the Supreme Court for The Times, explains the impact affirmative action has had on Justice Thomas’s life and how he helped to bring about its demise.

Persons: Clarence Thomas, Thurgood Marshall, Thomas, Abbie VanSickle Organizations: The Times

Two weeks ago, the United States Supreme Court struck down affirmative action, declaring that the race-conscious admissions programs at Harvard and the University of North Carolina were unlawful. Today, three people whose lives were changed by affirmative action discuss the complicated feelings they have about the policy.

Organizations: United States Supreme, Harvard, University of North Locations: University of North Carolina

☆ Goldman Sachs says T-Mobile is a top pick thanks to more buybacks
▼ + stars: | 2023-07-11 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Goldman Sachs still loves T-Mobile as the company continues to challenge the top players in telecommunications. The bank called the wireless carrier a top pick and reiterated its buy rating on the stock. Shares of T-Mobile have slipped roughly 1.1% in 2023. TMUS YTD mountain T-Mobile stock has slipped just above 1% this year. T-Mobile is slated to report earnings later this month.

Persons: Goldman Sachs, Goldman, Brett Feldman, Feldman, TMUS, they're, — CNBC's Michael Bloom Organizations: Verizon, AT, Mobile Locations: Monday's

☆ Kingsessing, Philadelphia mass shooting: 4 people killed and 2 children injured in southwest neighborhood, police say
▼ + stars: | 2023-07-03 | by ( Michelle Watson Jennifer Feldman | Michelle Watson | Jennifer Feldman | ) edition.cnn.com time to read: +1 min

CNN —Four people were killed and two minors – ages 2 and 13 – were injured in a shooting Monday evening in southwestern Philadelphia, police said. A second person – who may have picked up someone’s gun and returned fire – also was in custody, Outlaw said. About 50 spent shell casings litter the shooting scenes, Outlaw said. At least 339 mass shootings have happened in the US so far this year, according to the Gun Violence Archive. The archive, like CNN, defines a mass shooting as one in which four or more people are shot, not including the shooter.

Persons: –, Danielle M, Outlaw, don’t Organizations: CNN, Philadelphia Police Locations: Philadelphia

☆ Inside the Shed’s Sonic Sphere
▼ + stars: | 2023-07-02 | by ( Zachary Woolfe | ) www.nytimes.com time to read: +2 min

The xx remix did nicely separate the bass, coming up palpably but not too heavily out of the bottom of the sphere, from the voices around and above. For all the souped-up spiffiness of the Sonic Sphere, the programming on Saturday felt like a retread of artists who were more interesting when Alex Poots, the Shed’s artistic director, presented them during his stint at the Park Avenue Armory uptown. Levit, the following year, played Bach as part of an ornate concentration exercise orchestrated by Marina Abramovic. Both of them on Saturday were under 40 minutes, but I found myself getting antsy well before time was up. Perhaps the audiences at Burning Man, the techno-hippie hedonist bonanza in the Nevada desert where a Sonic Sphere was built last year, were more engrossed, experiencing it on harder drugs than the Coke Zero I’d had with dinner.

Persons: Mari ”, Rirkrit Tiravanija, Alex Poots, Bach, Marina Abramovic Organizations: Armory, Perelman Performing Arts Center Locations: Levit, Nevada

☆ Takeaways from the latest controversial and contentious Supreme Court term
▼ + stars: | 2023-07-01 | by ( Ariane De Vogue | ) edition.cnn.com time to read: +17 min

In his opinion blocking the student debt program, Roberts insisted he is concerned about criticisms of the court. “Make no mistake: Supreme Court ethics reform must happen whether the Court participates in the process or not,” he warned. In June, the court sided with a cement mixing company that sought to bypass federal labor law and sue a union in state court for the destruction of property caused by striking workers. On Tuesday, when Roberts announced the court’s opinion in Moore v. Harper, liberals and even some conservatives exhaled, relieved that the court was rejecting a controversial Trump-backed election law theory. “Justice Jackson has a different view,” he said at one point.

Persons: John Roberts, Roe, Wade, ” Roberts, Roberts, Samuel Alito, Clarence Thomas, he’d, Joe Biden’s, Roberts –, –, It’s, Donald Trump’s, ”, Gorsuch, Neil Gorsuch, Bostock, Lorie Smith, ” Alito, Alito, Dobbs, Jackson, Brett Kavanaugh’s, hadn’t, Paul Singer, Singer, ProPublica, “ we’d, “, ” ProPublica, Thomas, Dick Durbin, Elena Kagan, KBJ, Ketanji Brown Jackson, Dr, Adam Feldman, ” Feldman, Sonia Sotomayor, Kagan, Barrett, Thomas couldn’t, ” Jenny Hunter, ” Jackson, ‘, Harper, exhaled, Barack Obama, Rick Hasen –, Hasen, Moore, Thomas Long, Kevin Merida, Michael Fletcher, “ Justice Jackson, Thomas ’ “, ” Thomas Organizations: CNN, Civil, Creative, Politico, Wall Street Journal, Street, GOP, Illinois Democrat, pounced, University of North, National Labor Relations, Independent, Trump, Federal, “, UNC Locations: Colorado, Washington , DC, United States, “, Rome, Illinois, American, Moore, North Carolina

The liberal justices, including Biden's appointee Ketanji Brown Jackson, found themselves in the role of the dissenting minority in some of the nine-month term's biggest cases. The conservative justices invoked the "major questions" doctrine, a muscular judicial approach that gives judges broad discretion to invalidate executive agency actions of "vast economic and political significance" unless Congress clearly authorized them. In those cases, the conservative justices were unified in the majority and the liberal justices dissented. In that case, the liberal justices were joined by one conservative justice, Trump appointee Brett Kavanaugh, in dissenting on the new test. The justices on Friday agreed to decide whether a 1994 federal law that bars people under domestic violence restraining orders from possessing firearms violates the Constitution's Second Amendment.

Persons: Amy Coney Barrett, Neil M, Gorsuch, Brett M, Kavanaugh, Ketanji Brown Jackson, Sonia Sotomayor, Clarence Thomas, John G, Roberts, Jr, Samuel A, Alito, Elena Kagan, Read, Joe Biden's, Donald Trump's, Erwin Chemerinsky, Trump's, Chemerinsky, Trump, Brett Kavanaugh, Ruth Bader Ginsburg, Roe, Wade, Jackson, Justice Jackson, Adam Feldman, Biden's, John Kruzel, Andrew Chung, Will Dunham Organizations: Supreme, U.S, Republican, Harvard University, University of North, University of California Berkeley Law School, U.S . Environmental, Alabama, Senate, Consumer, Thomson Locations: Washington , U.S, WASHINGTON, University of North Carolina, U.S, Texas

In a San Francisco courtroom, federal regulators are fighting to block one of the biggest deals in the history of Silicon Valley. David McCabe, who covers technology policy for The New York Times, talks about Lina Khan, the F.T.C. chair who is the architect of the lawsuit, and the growing campaign to finally rein in big tech.

Persons: David McCabe, Lina Khan Organizations: The New York Times Locations: San Francisco, Silicon Valley

[1/3] Judge Ketanji Brown Jackson listens to U.S. According to legal scholar Adam Feldman, who tracks court data, Jackson spoke more during oral arguments than any of the other current justices during their first terms. "She's just showed up from day one," said Terry Maroney, a Vanderbilt Law School professor who studies judicial decision-making and behavior. "She knows what she's doing, she's not shy, she's posing uncomfortable hypotheticals - and she's not afraid to do those things even if it's causing discomfort." Last year, rulings powered by the conservative justices ended recognition of a constitutional right to abortion and widened gun rights.

Persons: Ketanji Brown Jackson, Cory Booker, Elizabeth Frantz, Jackson, Lorie Smith, Smith, Santa Claus, Kristen Waggoner, Joe Biden, Adam Feldman, She's, Terry Maroney, she's, Stephen Breyer, Kent Greenfield, Greenfield, Sonia Sotomayor, Elena Kagan, Roman Martinez, John Roberts, Jackson's, Neil Gorsuch, Martinez, " Maroney, Andrew Chung, John Kruzel, Will Dunham Organizations: U.S . Senate, U.S, Supreme, Capitol, REUTERS, WASHINGTON, Democratic, Vanderbilt Law, Environmental Protection Agency, Boston College, Thomson Locations: Washington , U.S, Colorado, United States, California, New York, Washington

☆ ‘No Hard Feelings’ Review: Jennifer Lawrence’s Crash Course in Adulthood
▼ + stars: | 2023-06-23 | by ( Kyle Smith | ) www.wsj.com time to read: 1 min

Jennifer Lawrence and Andrew Barth Feldman Photo: Columbia PicturesThere’s a solid comic foundation underneath “No Hard Feelings,” and it isn’t the labored series of bawdy jokes centered on the film’s star, Jennifer Lawrence , which form the movie’s marketing strategy. Much more interesting is her sexy character’s foil, a 19-year-old virgin so unsure of himself that he whines it’s time to call an adult when things take a turn for the strange. “You are an adult,” she reminds him.

Persons: Jennifer Lawrence, Andrew Barth Feldman Organizations: Columbia Pictures

☆ Mariana Trench and Challenger Deep: 6 facts about the oceanic chasm
▼ + stars: | 2023-06-23 | by ( Jackie Wattles | Amaya Mcdonald | ) edition.cnn.com time to read: +8 min

‘Titanic’ director James Cameron is one of the few people who have visitedFew human expeditions have ventured to the Challenger Deep. Explorer and Texas investor Victor Vescovo said he saw a plastic bag and candy wrappers at the bottom of the Mariana Trench. A trip to the Challenger Deep can put a vessel under pressure that is “equivalent to 50 jumbo jets,” Feldman noted. In 2005, tiny single-celled organisms called foraminifera, a type of plankton, were discovered in the Challenger Deep,” according to NOAA. Given high interest in the Mariana Trench, however, researchers have made several efforts to give increasingly detailed pictures of its features.

Persons: CNN —, Trench, James Cameron, Jacques Piccard, Don Walsh, Gene Feldman, Saeed Khan, ”, Victor Vescovo, Vescovo, Mariana Trench, Mariana, ” Feldman, That’s Organizations: CNN, NASA, Getty, Mariana Trench, Atlantic Productions, Discovery Channel, National Oceanic, Atmospheric Administration, NOAA, Marianas Trench Locations: Everest, Trieste, Sydney, AFP, Texas, Chamorro, Mariana

☆ Opinion: ‘No Hard Feelings’ with Jennifer Lawrence is a sex worker romcom that won’t admit it
▼ + stars: | 2023-06-23 | by ( Opinion Noah Berlatsky | ) edition.cnn.com time to read: +7 min

Friday’s debut of “No Hard Feelings,” a sex work romcom that doesn’t want to admit to its own subgenre, is very much of our era. Noah Berlatsky Noah BerlatskyThe Jennifer Lawrence vehicle from Sony Pictures revolves around a sex worker who, like the film, doesn’t want to admit what she’s doing. In sex worker romcoms, you’re supposed to be scandalized at the sordidness — but in a fun way. Anti-sex and anti-porn advocates have put a lot of effort into (falsely) conflating sex work and sex trafficking. Every film, sex worker romcom or otherwise, doesn’t have to be enthusiastically political, or, for that matter, sexual.

Persons: Noah Berlatsky, we’re, Noah Berlatsky Noah Berlatsky, Jennifer Lawrence, Maddie, Lawrence, Uber, Laird, Matthew Broderick, Allison, Laura Benanti, Percy, Andrew Barth Feldman, ” Percy, romcoms, Billy Wilder’s “ Irma La Douce, Ron Howard’s, Vivian Ward, Julia Roberts, Edward Lewis, Richard Gere, Stock, Pixie “, Richard Gere’s Edward isn’t, Rebecca De Mornay’s Lana isn’t, revel, ”, you’re, Rebecca de Mornay, Lana, she’s, Irma La Douce, Barbara Stanwyck, Leo Grande ”, Nancy, Emma Thompson, Leo Grande, Daryl McCormack Organizations: CNN, Sony Pictures, Pictorial Press, Library, Twitter Locations: Chicago, Montauk , New York

☆ The cult of Emily Oster
▼ + stars: | 2023-06-22 | by ( Sarah Todd | ) www.businessinsider.com time to read: +30 min

Emily Oster is sitting in the back of a car, checking her Garmin watch as we lurch through rush-hour traffic toward the Holland Tunnel. A self-described expert in data, Oster uses her economics training to dig into studies on things like circumcision and screen time and translate them for popular consumption. There doesn't seem to be much of a gap between the way Oster presents herself in her books and newsletters and the way she conducts her life. Unsurprisingly, economics informs every aspect of the way Oster sees the world. When Oster was a toddler, her mother told a Yale colleague that Oster often talked to herself before falling asleep.

Persons: Emily Oster, doesn't, Oster, Taylor Swift, Spock, —, Mandy Moore, Emily DiDonato, Amy Schumer, " Oster, Emily, Aisha McAdams, Claudia Goldin, who's, Lori Feldman, " Feldman, Winter, It's, reopenings, Timothy Caulfield, Oster's Brown, OSTER, She's, Sheryl Sandberg's, Brown, Denis Tangney Jr, graham, Eminem, Sharon Oster, Ray Fair, Jesse Shapiro, Katherine Nelson, Carl, Choate Rosemary Hall, John F, Kennedy, Glenn Close, Ivanka Trump, Goldin, Steven Levitt —, Oster —, Paul Farmer, Steven Levitt, Oster's, Levitt, Robert Barro, demographer Monica Das Gupta, Joseph Delaney, she'd, I've, Matt Notowidigdo, Chicago Booth, hadn't, Udo Salters, Patrick McMullan, Shapiro, Jessica Calarco, Dr, Anthony Fauci, Donald Trump, Calarco, Rochelle Walensky, Delaney, University of Manitoba epidemiologist, Abigail Cartus, Justin Feldman, Delivette Castor, they're, COVID, Castor, Notowidigdo, Carter, you'd, she's, there's Organizations: Garmin, Brown University, New York Times, American Academy of Pediatrics, Yorker, Yale School of Management, Yale, Harvard, Connecticut, Choate, University of Chicago, Forbes, Wall, Publicly, University of Manitoba, Getty, Oster, Centers for Disease Control, Columbia University, Harvard Business School Locations: Holland, Montclair , New Jersey, Montclair, Harvard, Providence , Rhode Island, New Haven , Connecticut, China, Canada, Chicago, Ohio, New Jersey

What lies at the bottom of the oceanWhile what’s considered the deep ocean extends from 3,280 feet to 19,685 feet (1,000 meters to 6,000 meters) beneath the surface, deep-sea trenches can plunge to 36,000 feet (11,000 meters), according to the Woods Hole Oceanographic Institution in Massachusetts. Alessandro Mancini/Alamy Stock PhotoWhy mapping the ocean is so challengingFrom a strictly scientific perspective, touristic trips to the ocean floor do little to advance our understanding of the ocean’s mysteries. “We want to go to the highest, the lowest, the longest.”But only a “very small percentage of the deep ocean, and even the middle ocean, has been seen by human eyes — an infinitesimal amount. “However, 150 years of modern oceanography have led to better understanding of many aspects of the ocean such as the life it contains, its chemistry and its role in the Earth system.”Mapping the ocean “helps us to understand how the shape of the seafloor affects ocean currents, and where marine life occurs,” Rogers added. Researchers say the ocean and the life it contains could provide answers to some of medicine’s biggest challenges, such as antibiotic drug resistance.

Persons: ”, Gene Feldman, Jamie Pringle, Pringle, Cornelis Drebbel, Auguste Piccard, Feldman, ” Feldman, Jacques Piccard, Don Walsh, what’s, “, Robert Ballard, Alvin, Ballard, Alessandro Mancini, Alamy, Alex Rogers, ” Rogers Organizations: CNN, National Oceanic, Atmospheric Administration, Oceanographic, NASA, OceanGate Expeditions, England’s Keele University, bathyscaphe, Keystone, Hulton, NOAA, Bluegreen, Sea Ventures, of Ocean Exploration, Research, University of Oxford Locations: Cape Cod , Massachusetts, Washington, Dutch, Trieste, bathyscaphe Trieste, Italy, Massachusetts, Japan, United Kingdom

☆ Drugmakers aim to strike down Medicare drug-price negotiations at Supreme Court
▼ + stars: | 2023-06-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +10 min

And Bristol Myers Squibb is trying protect its blood thinner Eliquis, which brought in $11.8 billion in sales last year, or about 25% of the company's $46 billion total revenue for 2022. Long legal battle aheadMerck, the chamber and Bristol Myers Squibb filed their lawsuits ahead of two key deadlines. Bristol Myers Squibb did not either. If circuit court decisions on the matter contradict one another, the Supreme Court would step in to decide the issue, Bagby said. Bristol Myers Squibb made an identical argument in its complaint.

Persons: Richard A, Gonzalez, Pascal Soriot, Giovanni Caforio, Jennifer Taubert, Johnson, Kenneth C, Frazier, Albert Bourla, Olivier Brandicourt, Win Mcnamee, Drugmaker Merck, Drugmaker, Bristol Myers Squibb, PhRMA, Eli Lilly, Merck, Bristol Myers, Robin Feldman, Nicholas Bagley, Bagley, Gretchen Whitmer, Chris Meekins, Raymond James, Antonin Scalia, Brett Kavanaugh, Neil Gorsuch, Meekins, Long, Xavier Becerra, Randolph Daniel Moss, Barack Obama, Judge Thomas M, Rose, George W, Bush, Kelly Bagby, Bagby, Amgen, Donald Trump, Karine Jean, Pierre, Biden, Jean, we'll, Becerra, Feldman Organizations: Senate, AbbVie Inc, AstraZeneca, Myers Squibb Co, Janssen Pharmaceuticals, Johnson, Merck & Co, Inc, Pfizer, Sanofi, Getty, U.S . Chamber of Commerce, Bristol Myers Squibb, Washington , D.C, Southern, Southern District of, Democratic Party, U.S, Merck, Bristol, Pharmaceutical Research, Manufacturers of America, CNBC, Medicare, University of California College of, Justice Department, Michigan Gov, Bristol Myers, Human Services, Centers, Services, AARP Foundation, HHS, AARP, Specialty Pharmacy, Reuters, Supreme, Appeals, Democratic, U.S . Sixth, Republican, Third, White Locations: America, Washington , DC, Bristol, U.S, Washington ,, Southern District, Southern District of Ohio, New Jersey, Commerce's Dayton , Ohio, San Francisco

☆ Opinion: Trump, the hoarder in chief
▼ + stars: | 2023-06-18 | by ( Richard Galant | ) edition.cnn.com time to read: +13 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Photos included in the 38-count indictment of former President Donald Trump and his aide Walt Nauta show bankers boxes stacked in a bathroom and other parts of Trump’s Mar-a-Lago club. Trump has always hung onto news clippings, documents and other mementos,” The New York Times reported. “Trump is chaotic and unpredictable in a way that could lead other Republicans to believe that there is a chance he won’t make it to the convention. As Zelizer noted, “Trump has denied wrongdoing, claiming he is being unfairly targeted.”But “given this unusual context, Republicans have legitimate reasons to think that there could be an upset.

Persons: Harry Fellowes, Fellowes, Harry Fellowes couldn’t, Donald Trump, Walt Nauta, Trump, Kim Jong, Mr, Jack Smith’s, Peter Bergen, ” Bergen, Nick Anderson, David Zurawik, “, ” Zurawik, ” Clay Jones, ” Trump, Jill Filipovic, ” Dana Summers, John Avlon, MAGA hasn’t, Gautham Rao, Donald Trump’s, Dean Obeidallah, Hillary Clinton, Phil Hands, Miami Mayor Francis Suarez, Julian Zelizer, “ Trump, ”, Facebook Trump, Zelizer, Republican Alice Stewart, Joe Biden, Mike, Pence, Agency Stewart, I’m, that’s, Chris Christie, Christie, Cupp, ’, Frida Ghitis, Mucutuy, –, Cristin, Tien Ranoque, ” Ghitis, David Andelman, Ruth Ben Ghiat, Brett Bruen, Sébastien Roblin, Michael Bociurkiw, Father’s, Edward S, Feldman, Harrison Ford, David G, Allan, Tom Hanks, ” Allan, I’ve, Ford, Indiana Jones, Steve Majors, Young, Joyce M, Davis, Pete Buttigieg, ” Davis, Buttigieg, Don’t, Tom Stiglich, Syndicate David Culver, Opal Lee, Dion Sims, Black, Juneteenth Scott Hodge, Roxanne Jones, LeBron James, NBA Joshua Douglas, Samuel Huneke, Jere Hester, they’re, Sir Paul McCartney, John Lennon’s, Yoko Ono, Lennon’s, McCartney Organizations: CNN, White, The New York Times, West Wing, Tribune, Agency, US, Trump, Miami Mayor, Republican, Twitter, Facebook, intel, New, New Jersey Gov, Paramount Pictures, “, Syndicate, NBA, Central Press, Hulton, Beatles, BBC Locations: Trump’s, Mar, Miami, New Jersey, China, Philadelphia, Atlanta , Georgia, Harrisburg , Pennsylvania, Jamaica

Shares of the retailer, which had consistently raised its outlook over the past two years, fell 4.5% to $45.07 after the dull forecast. Last month, rival Walmart raised its annual forecasts as more Americans shopped for its lower-priced groceries and other essentials. However, Kroger's gross margins rose 21 basis points, compared to a fall a year earlier, benefiting from lower supply chain costs as well as its efforts to source some products closer to its distribution centers. It also profited from shoppers - including higher-income consumers looking for more economical options amid persistent inflation - preferring its store-label brands to pricier national brands. Reporting by Granth Vanaik in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Joseph Feldman, Kroger, Rodney McMullen, Kroger's McMullen, Arun Sundaram, Granth, Shinjini Organizations: Kroger, Investors, Walmart, Albertsons, CFRA, Thomson Locations: Bengaluru

Last week, golf’s premier circuit, the PGA Tour, announced it was partnering with its rival circuit LIV Golf, an upstart league backed by Saudi Arabia, giving the country a powerful new seat at the table of international sports. Alan Blinder, who covers golf for The New York Times, explains what was behind the deal and what it means for the business of sports.

Persons: LIV, Alan Blinder Organizations: PGA Tour, The New York Times Locations: Saudi Arabia

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