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☆ Rite Aid just filed for bankruptcy and could be closing more of its 2,100 stores
▼ + stars: | 2023-10-16 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +2 min

Rite Aid filed for bankruptcy in New Jersey on Sunday. AdvertisementAdvertisementRite Aid filed for voluntary Chapter 11 bankruptcy in New Jersey on Sunday — a move that could see the drugstore chain close more of its 2,100 stores. Rite Aid has received a commitment for $3.45 billion in new financing from some of its lenders. AdvertisementAdvertisementIn March, the US Justice Department sued Rite Aid, accusing the company of missing "red flags" when pharmacists filled opioid prescriptions. A company spokesperson told the Wall Street Journal: "We expect to negotiate a resolution of the opioid-related lawsuits with the various parties involved."

Persons: —, Jeffrey S, Stein, Elizabeth Burr Organizations: Service, Aid, US Justice Department, Rite Aid, Wall Street Locations: New Jersey

PHILADELPHIA (AP) — Major U.S. pharmacy chain Rite Aid said Sunday that it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits. In 2022, Rite Aid settled for up to $30 million to resolve lawsuits alleging pharmacies contributed to an oversupply of prescription opioids. The plan will “significantly reduce the company's debt” while helping to “resolve litigation claims in an equitable manner,” Rite Aid said. The Justice Department acted after three whistleblowers who had worked at Rite Aid pharmacies filed a complaint. Earlier this month, Rite Aid notified the New York Stock Exchange that it was not in compliance with listing standards.

Persons: Jeffrey Stein, Elizabeth Burr Organizations: PHILADELPHIA, —, Rite Aid, Aid, Justice Department, The, New York Stock Exchange, U.S . Securities, Exchange Locations: — Major, New Jersey

☆ Drug retailer Rite Aid files for bankruptcy, gets $3.45 bln commitment
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. The bankruptcy process will allow Rite Aid to resolve litigation claims in an "equitable manner", the company said. Rite Aid has appointed Jeffrey Stein as its new CEO and chief restructuring officer, replacing interim CEO Elizabeth Burr. Rite Aid has also reached an in-principle agreement with some of its senior secured noteholders that would significantly reduce its debt. MedImpact will serve as the 'stalking horse bidder' in a court-supervised sale process, Rite Aid said.

Persons: Lucas Jackson, Jeffrey Stein, Elizabeth Burr, Stein, Burr, noteholders, Abinaya Vijayaraghavan, Mariam Sunny, Sriparna Roy, Shweta Agarwal, Pooja Desai Organizations: REUTERS, Rite Aid Corp, U.S, Aid, Walgreens Boots Alliance, CVS Health, MedImpact Healthcare Systems, Solutions, Rite Aid, Bankruptcy, District of, Thomson Locations: New York City , New York, U.S, District of New Jersey, Bengaluru

A Rite Aid store stands in Brooklyn on August 28, 2023 in New York City. Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt. Rite Aid also said lenders agreed to provide $3.45 billion in new funding to "provide sufficient liquidity" as it embarks on its restructuring plan. During its most recent quarter ended June 3, revenue fell to $5.6 billion, down from $6.01 billion in the year-ago period. Rite Aid Chairman Bruce Bodaken said in a statement, "Jeff is a proven leader with a strong track record of guiding companies through financial restructurings.

Persons: hasn't, Jeffrey Stein, Elizabeth Burr, Bruce Bodaken, Jeff, Stein Organizations: New York City . Rite Aid, Aid, Rite Locations: Brooklyn, New York City, New Jersey

☆ Stocks making the biggest moves premarket: Pfizer, Lululemon, Manchester United, Rite Aid and more
▼ + stars: | 2023-10-16 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Pfizer , Moderna , BioNTech — Shares of Pfizer dropped 1.3% after the company slashed its full-year revenue guidance by $9 billion, noting waning demand for its Covid treatment and vaccine. Following the guidance cut, Jefferies upgraded Pfizer on Monday, citing an attractive buying opportunity. Vaccine markers Moderna and BioNTech also dropped premarket, losing 4.1% and 5%, respectively. Colgate-Palmolive — The consumer products stock gained more than 1% in premarket trading after Stifel upgraded Colgate-Palmolive to buy from hold. The firm cited the stock's attractive valuation and the rapid and profitable growth of TAL's non-academic tutoring business as catalysts.

Persons: Jefferies, BioNTech, premarket, Morgan Stanley, Jim Ratcliffe, Jeffrey Stein, Dow, Charles Schwab, CNBC's Hakyung Kim, Jesse Pound, Tanaya Macheel, Michelle Fox Theobald, Lisa Han Organizations: Pfizer, Moderna, BioNTech, Colgate, Palmolive, Manchester United, Wall Street, . Rite, Dow Jones, Activision, Microsoft, TAL Education Group, UBS Locations: New Jersey

☆ An American Puzzle: Fitting Race in a Box
▼ + stars: | 2023-10-16 | by ( K.K. Rebecca Lai | Jennifer Medina | ) www.nytimes.com time to read: +18 min

1790 1850 1890 1950An American Puzzle: Fitting Race in a Box Census categories for race and ethnicity have shaped how the nation sees itself. Ever since the census began measuring the U.S. population, race has been central to the counting. Closer look at one of the pages from the 1790 census, with the race categories circled in red. Historically, some edits to census race boxes reflected changes in policy or public sentiment. 1790 census All other free persons Free white males Free white females Slaves All other free persons Free white females Free white males Slaves All other free persons Free white males Free white females Slaves Source: 1790 United States Federal Census: New YorkThe census counted each enslaved worker as three-fifths of a person, reflecting a compromise that granted enslavers more political representation.

Persons: —, Biden, ”, Roberto Ramirez, Mark X, Barack Obama, Naomi Mezey, enslavers, “, Ms, Mezey, Jeffrey S, Evan Shepard Organizations: U.S, Community, U.S . Census, Georgetown University, United, . Census, Census Bureau, Pacific Islanders, Puerto Ricans, Geographic, Pew Research Center, Latinos, Saudi Arabian, Biden administration’s, Management, Budget, Advocacy Foundation Locations: United States, America, China, Puerto Rican, U.S, Spanish, Kansas, Kenya, York, American, “, Alaska, Massachusetts, Japan, Korea, Asia, Hawaii, Mexico, Panama, Chile, Mexican, Southwest, Puerto, Northeast, Florida, Eastern, Algerian, Kurdish, Kuwaiti, Lebanese, Moroccan, North, Palestinian, Saudi, Somali, Sudanese, Syrian

☆ Exclusive: Activist hedge fund Starboard eyes Rupert Murdoch's News Corp -sources
▼ + stars: | 2023-10-13 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

The fund's plans and the size of its stake in News Corp could not be learned. News Corp declined to comment and Starboard did not respond to a request for comment. Starboard, which has pushed for changes at companies ranging from Salesforce (CRM.N) to Darden Restaurants (DRI.N), would struggle to shake up News Corp without Murdoch's consent. Irenic did succeed in drumming up investor opposition to Murdoch's proposed merger with his other company Fox Corp (FOXA.O), forcing him to abandon the plan. Reporting by Svea Herbst-Bayliss in New York Editing by Greg Roumeliotis and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Rupert Murdoch, Lachlan Murdoch, Bing Guan, Jeffrey Smith, Rupert Murdoch's, Smith, Murdoch, Dow Jones, Irenic, Murdoch's, Lachlan, Svea Herbst, Bayliss, Greg Roumeliotis, David Gregorio Our Organizations: News Corporation, News Corp, Fox, REUTERS, 13D, Investment, New York Times Co, Darden, Corp, Irenic Capital Management, Wall Street, Fox Corp, Reuters, Svea, Thomson Locations: New York, U.S

☆ Starboard Value's Jeff Smith says companies are more receptive to activists like him
▼ + stars: | 2023-10-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Starboard Value's Jeffrey Smith, one of the busiest activist investors for two decades, said companies have grown more receptive to voices like him. Smith also sought a turnaround at pizza chain Papa John's in 2019 at a tumultuous time for the company . The Starboard CEO was even active during the Covid-19 pandemic . We're simultaneously respected and feared inside companies," Smith said. "More often than not, now the conversations are highly constructive and respectful and relatively easy," Smith said.

Persons: Jeffrey Smith, Smith, …, we've, I'm, We're Organizations: CNBC's Financial, Olive, Darden, Mercury Systems, Wharton Locations: New York

☆ Morning Bid: Bond steamroller flattens all
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +5 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. That's all on top of the ongoing rethink of the Fed's long-term rate horizon and increasingly high-pressure economy. Hit from all sides, the Treasury market is simply in ructions - catalysed perhaps by technical, speculative and positioning factors too. Ten-year yields hit a whopping 4.88% early on Wednesday - an increase of 80 basis points in little over a month. And implied volatility in the bond market (.MOVE) hit its highest since May.

Persons: Florence Lo, Mike Dolan, Kevin McCarthy, Michelle Bowman, Austan Goolsbee, Jeffrey Schmid, St, Louis Fed, Kathleen O'Neill Paese, Mehmet Simsek, Bernadette Baum Organizations: U.S, REUTERS, Congress, riven, Federal Reserve, Bank of, Treasury, Nasdaq, Reserve Bank of New, P Global, U.S . Federal Reserve, Chicago Fed, Kansas City Fed, Turkish, Thomson, Reuters Locations: U.S, Washington, Asia, Europe, Reserve Bank of New Zealand, Kansas, London

☆ Trade ties between China and the EU are 'at a crossroads' over Russia's war in Ukraine, senior official warns
▼ + stars: | 2023-09-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

China's relations with the EU are "at a crossroads," a senior official said. The FT reported comments from Valdis Dombrovskis on China's support for Russia's war in Ukraine. "We can choose a path towards mutually beneficial relations...or we can choose a path that slowly moves us apart." Given Beijing's support of states' territories, he said "it's very difficult for us to understand China's stance on Russia's war against Ukraine, as it breaches China's own fundamental principles." China, for its part, has deepened its trade ties to Russia over the last year.

Persons: Valdis, Valdis Dombrovskis, Dombrovskis, Jeffrey Sonnenfeld Organizations: Service, European Union, European Commission, Financial, Ukraine, Yale Locations: Ukraine, Wall, Silicon, Beijing, China, Russia

☆ A judge said he was 'flabbergasted' by a 'frankly childish' dispute between 2 New York property bosses
▼ + stars: | 2023-09-24 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

The cofounders of Arch Companies tried to fire each other amid accusations of misappropriating funds. "I'm really kind of flabbergasted by this," said a New York judge in response to their spat. "I'm really kind of flabbergasted by this," New York Judge Joel Cohen said of the firing at a recent hearing, The Real Deal reported. Nonetheless, the judge maintained in a hearing earlier this week that the two "seem to me to be frankly childish." Arch Companies did not immediately respond to a request for comment from Insider, made outside normal working hours.

Persons: Jeffrey Simpson, Jared Chassen, Simpson, Chassen, NurPhoto, Oak, JJ Arch, Joel Cohen Organizations: Arch Companies, Service, Companies, Simpson, York Locations: New York, Wall, Silicon, York, Greenwich, SoHo , Brooklyn, Queens, Toronto, Simpson

☆ Why former Goldman Sachs partners say they left the firm
▼ + stars: | 2023-09-20 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +23 min

Goldman Sachs partners are leaving — some 202 during David Solomon's five years as CEO by Insider's calculation. In particular, before Solomon, Goldman nurtured many fiefs and then spread the wealth from the most successful ones across the firm. Of the former Goldman executives that Insider interviewed, here are the most cited reasons they gave for leaving Goldman. When both men struggled, senior partners left, and Goldman stumbled in its efforts to wind down its balance-sheet investments. Goldman Sachs partners are paid well by any standard: $950,000 in base salary and often multiples of that in annual bonuses.

Persons: Goldman Sachs, David Solomon's, Solomon, Goldman, David Solomon, John Waldron, Goldman's, Adebayo Ogunlesi, Mike Mayo, Andrew Toth, Devin Ryan, Ryan, Waldron, Tony Fratto, Mike Blake, Eric Lane, Julian Salisbury, Lane, Luke Sarsfield, Sarsfield, Marc Nachmann, he's, Fratto, Stephanie Cohen, Cohen, Kathy Ruemmler, Charles Dharapak, Barack Obama's, Kenneth Lay, Jeffrey Skilling, Ruemmler, Unbeknown, Jeffrey Epstein, dealmaking, David S, Holloway, Mayo, David doesn't, GreenSky, Brendan McDermid, It's, Alison Mass, Hank Paulson, Russell Horwitz, David, it's, Emmalyse Brownstein Organizations: Wall, JPMorgan, Wells, Wells Fargo Securities, Investors, Goldman, AWM, Sarsfield, BAE Systems, Justice Department, Street Journal, Bloomberg, Employees, Partners, Federal Reserve, United Capital Financial Partners, Reuters, GreenSky Locations: New York, Wells Fargo, Salisbury, Manhattan, Texas, Plano, London, Paris, Chicago

☆ Biden plans to work with world leaders to ensure AI's use as a tool of 'opportunity'
▼ + stars: | 2023-09-19 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

"Emerging technologies such as artificial intelligence hold both enormous potential and enormous peril," Biden said at the U.N. on Tuesday. "We need to be sure they're used as tools of opportunity, not as weapons of oppression. The discussion is taking place with the backdrop of an intense competition with China, which is also seeking to be a world leader in the technology. In the meantime, several agencies have asserted their ability to rein in the abuses of AI with existing legal power. The Biden administration has also secured voluntary commitments from leading AI companies to test their tools for security before they release them to the public.

Persons: Joe Biden, Biden, Chuck Schumer, Elon Musk, Mark Zuckerberg, Schumer, Jeffrey Sachs Organizations: United Nations General Assembly, European Union, National Institute of Standards, Technology, U.S . Department of Commerce Locations: United States, U.S, China, Russia

It marked the longest a genetically modified pig kidney has ever functioned inside a human, albeit a deceased one. “Two months is a lot to have a pig kidney in this good a condition. Political Cartoons View All 1160 ImagesSo-called xenotransplantation attempts have failed for decades — the human immune system immediately destroyed foreign animal tissue. Montgomery gambled that maintaining Miller's body on a ventilator for two months to see how the pig kidney worked could answer some of those questions. She recently got a card from a stranger in California who's awaiting a kidney transplant, thanking her for helping to move forward desperately needed research.

Persons: gurney, Maurice “ Mo ” Miller, “, Dr, Robert Montgomery, Montgomery, ”, Mary Miller, Duffy, Miller, ” Miller, Sue Duffy, Montgomery’s, immunologist Massimo Mangiola, Jeffrey Stern, Karen Maschke, Mangiola Organizations: NYU Langone, Food and Drug Administration, Associated Press, University of Maryland, FDA, NYU, Hastings Center, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Newburgh , New York, California

LONDON, Sept 14 (Reuters) - Russia said on Thursday it was expelling two U.S. diplomats whom it accused of working with a Russian national charged with collaborating with a foreign state. "The named people conducted illegal activity, maintaining contact with Russian citizen R. Shonov, accused of 'confidential cooperation' with a foreign state," the Russian statement said. In its statement, the Russian Foreign Ministry said Shonov had been paid to complete tasks aimed at damaging Russia's national security. Relations between Russia and the United States have plunged to their worst point for more than 60 years because of the war in Ukraine. The United States is providing advanced weaponry to Ukraine and has hit Russia with sanctions in response to its invasion in February 2022.

Persons: Lynne Tracy, Jeffrey Sillin, David Bernstein, Shonov, Robert Shonov, Sillin, Bernstein, Tracy, Andrew Heavens Organizations: Foreign Ministry, State Department, U.S . Consulate, United, Russian Foreign Ministry, Thomson Locations: Russia, Russian, U.S, Washington, Vladivostok, Ukraine, United States, Moscow

☆ Everything you need to know about UAW's targeted strike plans – and possible lockouts
▼ + stars: | 2023-09-14 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

Targeted, or bottleneck, strikes are an alternative to national actions in which the union only strikes select plants. Targeted strikes typically focus on key plants that can then cause other plants to cease production due to a lack of parts. They include initiating targeted strikes at select plants and then potentially increasing the number of strikes based on the status of the negotiations. "We will strike all three companies, a historic first, initially at a limited number of targeted locations that we will be announcing. While "historic," the targeted strikes could have unintended ripple effects.

Persons: Shawn Fain, Rebecca Cook, Fain, Dennis Devaney, Clark, Devaney, Plant, Jeffrey S, Kopp, Lardner, everything's, UAW hasn't, Ben Dictor, Dictor Organizations: United Auto Workers, Sterling Heights Assembly, Reuters DETROIT, Ford, General Motors, UAW, NLRB, GM, Exxon Mobil, Foley, Detroit, National Labor Relations Board Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Texas, Michigan

☆ Capital flow is key to deliver development agreements reached at G20
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCapital flow is the key to deliver all the development agreements that were reached at G20 summit:Jeffrey Sachs of Columbia University says "hard work needs to be done" after the G20 Summit concluded in India with promises to help poorer countries to develop.

Persons: Jeffrey Sachs Organizations: Columbia University Locations: India

☆ US is 'leaning hard' on Italy to leave the BRI, not because it is bad for Italy: Jeffrey Sachs
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUS is 'leaning hard' on Italy to leave the BRI, not because it is bad for Italy: Jeffrey SachsJeffrey Sachs of Columbia University weighs in on U.S.-China tensions and says the newly-announced trade corridor linking India, the gulf region and Europe is not about countering China.

Persons: Jeffrey Sachs Jeffrey Sachs Organizations: Columbia University Locations: Italy, U.S, China, India, Europe

KANSAS CITY, Mo. (AP) — The Kansas City Chiefs signed Chris Jones to a new one-year contract Monday, which should end the All-Pro defensive tackle's holdout and could mean he will be back on the field when they visit the Jacksonville Jaguars for Week 2. The Chiefs did not disclose terms, but a source told The Associated Press no years were added to his four-year, $80 million deal, which was due to expire. In his only public statement, Jones said: "Hopefully it gets worked out. It's always been my goal to be a Kansas City Chief for life.

Persons: Chris Jones, Jones, Chris, he’s, Brett Veach, “ He’s, Veach, Jason, Michael Katz, Andy Reid, ” Veach, Katz, ” Jones, Nick Bosa, Micah Parsons, Ronald McDonald, It's, I’ve, Aaron Donald, Dexter Lawrence, Daron Payne, Jeffrey Simmons, Quinnen Williams, “ I’ve, “ I’ll, ” Organizations: KANSAS CITY, The Kansas City Chiefs, Jacksonville Jaguars, Chiefs, Associated Press, ” Chiefs, Super Bowl, Kansas City, Detroit, 49ers, Cowboys, Charities, Kansas City Chief, Rams, Giants, Titans, Jets Locations: KANSAS, Mo, The, Kansas, Miami

☆ Russia will sell natural gas to China at almost a 50% discount compared to European buyers
▼ + stars: | 2023-09-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Russia expects to sell gas to China at almost half the price compared to European buyers, Bloomberg reported. Gas for China will average $271.6 per 1,000 cubic meters in 2024, versus $481.7 for buyers in Europe and Turkey. Buyers in Europe and Turkey, on the other hand, will face an average price of $481.7. AdvertisementAdvertisementThis year, meanwhile, Russia expects to sell gas to China at an average of $297.3 per 1,000 cubic meters, while the remaining clients in Europe and Turkey will pay an average of $500.6. Meanwhile, Moscow anticipates state-run energy giant Gazprom to supply natural gas to China on a $400 billion contract, via the Power of Siberia connection.

Persons: Mikhail Mishustin, Vladimir Putin, —, Jeffrey Sonnenfeld Organizations: Bloomberg, Service, Buyers, Gazprom, Yale Locations: Russia, China, Gas, Europe, Turkey, Wall, Silicon, Moscow, Siberia, Ukraine

CLEVELAND (AP) — Supreme Court Justice Brett Kavanaugh told a judicial conference on Thursday he hopes there will be “concrete steps soon” to address recent ethics concerns surrounding the court, but he stopped short of addressing calls for justices to institute an official code of conduct. We’re working on that,” Kavanaugh told the conference attended by judges, attorneys and other court personnel in Ohio. He said all nine justices recognize that public confidence in the court is important, particularly now. Kavanaugh, 58, is one of three justices nominated by former President Donald Trump who have reshaped the court in recent years. Kavanaugh took questions from Jeffrey Sutton and Stephanie Dawkins Davis, chief judge and judge, respectively, of the 6th U.S.

Persons: Brett Kavanaugh, ”, ” Kavanaugh, Roe, Wade, “, Clarence Thomas, Harlan Crow, ProPublica, Samuel Alito, Sonia Sotomayor, Kavanaugh, Donald Trump, Dobbs, Jeffrey Sutton, Stephanie Dawkins Davis, They’re Organizations: CLEVELAND, —, Republican, Associated Press, AP, U.S, Circuit Locations: Ohio, America, Alaska, Alabama

Emergency sirens on Maui, part of Hawaii's decades-old early warning system, never sounded. But authorities are finding existing emergency alert systems insufficient for these new threats - sometimes with deadly results. NEW CHALLENGESAcross much of the world, warning systems for natural disasters have not evolved in response to climate change, according to Schlegelmilch. While each locality faces a distinctive threat landscape and needs a unique warning system, disaster management experts see some solutions that can be applied everywhere. The county also acquired a warning system that can send alerts to cellphones, fixed phone lines, emails - and even fax machines.

Persons: Mike Blake, Jeffrey Schlegelmilch, Chris Gregg, Adam Weintraub, Bill Parker, Parker, Mike Chard, Chard, Laura Brewington, Julia Harte, Brad Brooks, Paul Thomasch, Jonathan Oatis Organizations: REUTERS, National Center for Disaster Preparedness, Climate, East Tennessee State University, Hawaii Emergency Management Agency, U.S . National Weather Service, Boulder Office, Disaster, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Canada, Vermont, United States, Columbia, Jackson , Mississippi, Colorado's, Boulder, Boulder . Boulder, Chard, Boulder County, Pacific

☆ Hedge funds are embracing these near-term AI beneficiaries, according to Goldman
▼ + stars: | 2023-08-22 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Hedge funds showed great enthusiasm toward tech stocks tied to artificial intelligence during the second quarter, including Nvidia , according to Goldman Sachs. Goldman equity analysts then identified 11 stocks as near-term AI beneficiaries. The smart money hedge funds continued to load up on Nvidia at a rapid pace last quarter following the chipmaker's blowout forecast. Hedge funds also piled into Big Tech names Microsoft , Meta and Amazon, which all have recently made developments surrounding AI. Several hedge funds also added a lesser-known semiconductor name, Credo Technology , last quarter.

Persons: Goldman Sachs, Management's David Tepper, Meta, Goldman, Value's Jeffrey Smith, there's, — CNBC's Michael Bloom Organizations: Nvidia, Big Tech, Microsoft, Meta, OpenAI, Technology, Semiconductor, Marvell Technology

☆ Goldman Sachs: Is David Solomon on his way out? The CEO whisperer weighs in
▼ + stars: | 2023-08-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —David Solomon, CEO and president of Goldman Sachs, is getting bad press — a lot of bad press. And while shares of Goldman Sachs (GS) may be down by more than 5% this year, they’re still up by about 40% since he took over in 2018. Goldman Sachs did not respond to requests for comment for this article. Before the Bell: What is going on at Goldman Sachs? There have been articles purporting that former Goldman CEO Lloyd Blankfein isn’t happy with the job David Solomon has done and that he has offered to step in to help.

Persons: David Solomon, Goldman Sachs, Marcus, Solomon, they’re, Bell, Jeffrey Sonnenfeld, Lloyd Blankfein isn’t, that’s, Lloyd, he’s, That’s, David, ‘, Juliana Liu, Michelle Toh, ” Julian Evans, Pritchard, Zichun Huang, Hang, Lehman, Hillary, Eva Rothenberg, Harry Reid, Hilary Organizations: CNN Business, Bell, New York CNN, Financial Times, Yale School of Management’s, Leadership Institute, Nokia, BlackBerry, Microsoft, Goldman, People’s Bank of China, Reuters, Capital Economics, Hang Seng, The Bank of Korea, Bank Indonesia, country’s National Bureau of Statistics, Harry, Harry Reid International, San Diego International Locations: New York, Lloyd, China, Hong Kong, Shanghai, Asia, Las Vegas, California, Nevada, Southern California, Idaho

☆ How Ron DeSantis Joined the ‘Ruling Class’ — and Turned Against It
▼ + stars: | 2023-08-20 | by ( Nicholas Confessore | More About Nicholas Confessore | ) www.nytimes.com time to read: +4 min

In January, Pinellas school district officials yanked Toni Morrison’s classic novel “The Bluest Eye” from high schools after a parent complained about a two-page rape scene. But in counties like Pinellas, his policies and rhetoric have already had what his critics believe is their intended effect. She objected to parts of the syllabus Mr. Robinson had distributed to his class on African-American history, which her son had briefly enrolled in. “I don’t stop my class and ask my white kids, ‘Hey, how are you feeling?’ What kind of teacher would do that?” Mr. Robinson said. In January, someone reported Mr. Robinson for a TikTok mentioning that he had taught students in his Dunedin sociology class about the Black thinker W.E.B.

Persons: DeSantis, yanked Toni Morrison’s, Ruby, ”, Jeffrey Sachs, Diaz, Laura Hine, Renee Chiea —, —, Brandt Robinson, Robinson, Chiea, Nell Irvin Painter, DeSantis’s, Mr, “ It’s, Robinson’s, W.E.B, Du Bois Organizations: Republican, Liberty, Disney, Acadia University, Dunedin High School, Princeton, America, Mr, The Times, Black Locations: Pinellas County, Pinellas, ”, New Orleans, Nova Scotia, Tallahassee ’, Florida, Dunedin

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