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☆ A woman with a lung condition is suing Delta after she says it gave her an empty oxygen tank on a flight
▼ + stars: | 2023-06-09 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

A Delta passenger with a lung condition says the crew gave her an empty oxygen tank on a flight. A Delta passenger with a lung condition is suing the airline, accusing it of giving her insufficient oxygen on a flight and saying she had to be taken to a hospital as a result. She says Delta instead provided her with an oxygen tank that was insufficient to last the 55-minute flight. Nash-Jackson says the cabin crew then gave her a second oxygen tank that turned out to be empty. In May, a Delta passenger filed a complaint to the Department of Transportation after suffering anaphylaxis on a flight.

Persons: Mattie Nash, Jackson, Nash, she'd, Sara Metzger, Metzger Organizations: Morning, Delta, Chicago O'Hare, Nash, Department of Transportation, Twitter Locations: Minnesota, Minneapolis, St.Paul, Chicago, Delta, Atlanta, Portland , Oregon

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

☆ Allstate Is No Longer Offering New Policies in California
▼ + stars: | 2023-06-04 | by ( Ryan Mac | ) www.nytimes.com time to read: +1 min

California property owners hoping to open new insurance policies are no longer able to do so with one of the nation’s largest homeowner insurance companies. Allstate, the state’s fourth-largest property and casualty insurance provider, has stopped selling new home, condominium or commercial insurance policies in California, according to a company statement, first reported by The San Francisco Chronicle. California’s largest homeowner insurance provider, State Farm, made a similar decision last week, pointing to “rapidly growing catastrophe exposure.” Allstate stopped accepting new policies in the state last year, according to the statement. “We paused new homeowners, condo and commercial insurance policies in California last year so we can continue to protect current customers,” Brittany Nash, an Allstate spokeswoman, said in the statement, which was shared with media outlets. “The cost to insure new home customers in California is far higher than the price they would pay for policies due to wildfires, higher costs for repairing homes and higher reinsurance premiums.”

Persons: “, Brittany Nash Organizations: Allstate, San Francisco Chronicle Locations: California

Online consumers alleged "social casino" games developed by the defendants "constitute unlawful gambling under Washington's gambling laws." International Game Technology, based in the U.K., and DoubleDown have denied any liability. Tens of thousands of class members "purchased and lost chips" by wagering at DoubleDown Casino, the plaintiffs' lawyers alleged. Logan said in the latest settlement "many class members stand to receive, individually, hundreds of thousands of dollars." The plaintiffs' lawyers had said they would seek no more than 30% for fees.

Persons: Robert Lasnik, DoubleDown, Lasnik, Todd Logan, Logan, Benson, Jay Edelson, Rafey Balabanian, Cecily Jordan, Tousley Brain Stephens, Jaime Drozd Allen, Davis Wright Tremaine, Lauren Case, Duane Morris, Adam Pankratz, Nash, Smoak, Mike Scarcella, Leigh Jones Organizations: DoubleDown Interactive, Game Technology, District, International Game Technology, U.S, Circuit, Appeals, DoubleDown, Western District of Washington, Technology, Stewart, Thomson Locations: U.S, Washington, Seattle, Edelson, Chicago, Western District

☆ Wrexham embrace surprise American fan base on the road
▼ + stars: | 2023-05-31 | by ( Amy Tennery | ) www.reuters.com time to read: +3 min

Instead, the club has become a source of intense fascination for an American fanbase often blithely ignorant of the English Football drama that unfolds each year across the Atlantic. "People are looking for reasons to be excited and feel good. And Wrexham is certainly a feel good story," said Brian Berklich, chief marketing officer at Sports Endeavors, whose Soccer.com is the retail and content partner for the tournament. "There's been a lot of heartbreak and mystery around the club for a good long time now. And what the owners have done is they galvanized the whole town and they've really brought more of a community feel," said Howard.

Persons: Boreham, Rob McElhenney, Ryan Reynolds, Jon Mugar, Mugar, Brian Berklich, Steve Nash, Cesc Fabregas, Mark Howard, Andy Morrell, Lee Trundle, We've, Howard, There's, they've, They've, Amy Tennery, Toby Davis Organizations: Soccer Football, National League, Wrexham, League, English Football League, English Football, Dallas Cowboys, Sports, Spain, Reuters, Chelsea, LA, Manchester United, Thomson Locations: Wrexham, Britain, U.S, American, Cary , North Carolina, TST, Como, Chapel Hill , North Carolina, Los Angeles, New York

☆ Investors are losing hope for a Fed pause and bracing for another interest-rate hike instead. Here's what 8 experts have predicted.
▼ + stars: | 2023-05-31 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +6 min

Investors are losing hope that the Federal Reserve will pause its interest-rate hikes in June. For example, several market experts have warned the commercial real estate industry is at risk if the Fed keeps raising borrowing costs. "But I do think it's possible they're going to raise a little more. Ed Yardeni, market veteran"The market has been remarkably resilient, mostly because the economy has been remarkably resilient," Yardeni said in a CNBC interview. "So I think they're where they want to be – and I think they're going to keep it here."

Persons: They're, —, Mohamed El, David Solomon, Goldman Sachs, Solomon, It's, Jamie Dimon, Dimon, Ed Yardeni, Yardeni, Doom, Roubini, Mark Zandi, Zandi, Mark Nash, Nash Organizations: Federal, Service, Bank, Signature Bank, First Republic, Fed, Erian, Allianz, CNBC's, JPMorgan, CNBC, Bloomberg, NYU Stern, Jupiter Asset Management

☆ See NYC's charmless supertall skyscrapers, which one critic is calling a showy display of billionaires' stranglehold on America
▼ + stars: | 2023-05-29 | by ( Dan Latu | ) www.businessinsider.com time to read: 1 min

Billionaires' Row. C. Taylor Crothers/Contributor/Getty ImagesIn "Sky-High: A Critique of NYC's Supertall Towers from Top to Bottom," out from PA Press on June 27 and with photography by Bruce Katz, writer Eric P. Nash dives into the current state of Manhattan development, in which the supertall reigns supreme. It's a generation of architecture he is less than impressed with. He gamely takes turns explaining New York City's new skyline by plucking out its newest additions and dunking on what architect Steven Holl called "profane spires." Nash argues this moment's infatuation with supertalls has choked resources for civic buildings and affordable low-rise housing, and turned big-name architects' attention away from projects that would benefit a larger population because they lack the prestige that supertalls offer.

☆ UFC maintains links with Russian fighters and fighters connected to sanctioned Chechen warlord despite Ukraine invasion
▼ + stars: | 2023-05-17 | by ( Ben Morse | ) edition.cnn.com time to read: +17 min

We have been saying for some time that these sports organizations need to prohibit Kadyrov’s fighters to perform,” he said. There’s also its decision to allow Russian fighters in general to compete in the world’s premium mixed martial arts organization. Some critics have suggested Russian fighters in general should be suspended, like has happened in some other sports, for the country’s involvement in the invasion of Ukraine. Chris Unger/Zuffa LLC/Getty ImagesUFC’s primary focusThere are 20 active Russian fighters currently competing in their organized events, according to the UFC website. CNN approached all 20 of those Russian fighters, only two responded initially and ultimately none of them agreed to an interview.

☆ US FDA staff flag 'serious' safety risks for Intercept's NASH treatment
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +2 min

The U.S. Food and Drug Administration's (FDA) briefing document highlighted increased risk of diabetes and liver injury from using the obeticholic acid (OCA) oral tablets for the treatment of nonalcoholic steatohepatitis (NASH). "During the course of our review, FDA identified modest benefits and serious risks of OCA for treatment of NASH," the staff said in the document and listed increased risk of sludge formation in the gall bladder and imbalance of certain lipids. The staff asked the regulator's panel of outside advisors, who are meeting on Friday, to consider whether the modest benefits from using the drugs for NASH treatment outweigh the serious risks associated with it. The panel's meeting on Friday is the first such meeting for a NASH treatment. However, due to risks of serious liver injury, FDA restricted its usage in 2021 to primary biliary cholangitis patients with advanced cirrhosis, or severe liver scarring.

☆ Astronomically high regional bank yields are safe (for now), Goldman Sachs says
▼ + stars: | 2023-05-09 | by ( Scott Schnipper | ) www.cnbc.com time to read: +1 min

And the list of regional banks with sky-high dividends goes on and on. But Goldman Sachs is out Monday with a note from analysts led by Ryan Nash saying that although regional banks as a group yield 6.5% — the most since the Global Financial Crisis of 2008-2009 — not to worry. Examining bank dividends and bank capital "suggests companies should be able to maintain their current payout: Dividend payouts totaled ~40% of EPS in 1Q23 and are expected to remain around those levels for the remainder of 2023 (~39%) and 2024 (~41%) by consensus," Goldman said. KEY (~53%) and TFC (46%) screen as having the highest payouts," as a percentage of earnings in 2023, the investment bank said. Capital One (~24), M & T Bank (~29%) and Zions Bancorp (30%) have among the lowest payout ratios.

☆ World leaders gather in London for King Charles' coronation
▼ + stars: | 2023-05-05 | by ( Michael Holden | ) www.reuters.com time to read: +4 min

Summary King Charles to host reception for world leadersRoyal fans gather on The Mall for coronationAcross Britain, preparations underwayPolls show many apathetic, question cost of lavish eventLONDON, May 5 (Reuters) - King Charles will hold a reception on Friday for world leaders gathered in London for his coronation this weekend, the biggest ceremonial event to be staged in Britain for 70 years. She will be among the world leaders attending the reception at Buckingham Palace on Friday evening which the king and queen will host along with other senior members of the royal family. The leaders of Australia and New Zealand will pledge their allegiance to King Charles at his coronation on Saturday even though both are life-long republicans who do not shy away from making their positions clear. The St Edward's Crown, which weighs about 2.2 kg (4 lb 12 ounces) and dates back to 1661 and the reign of his namesake King Charles II, will be placed on his head during the ceremony. Buckingham Palace said it expected it would provide an economic lift for Britain's struggling economy.

☆ Novo Nordisk rivals see room to compete in $100 billion weight-loss drug market
▼ + stars: | 2023-05-04 | by ( Michael Erman | ) www.reuters.com time to read: +6 min

The company has two oral GLP-1 drugs in mid-stage trials, and aims to choose one for a late-stage trial this year. He forecasts GLP-1s or similar drugs topping $100 billion in annual sales early in the 2030s, with Lilly's product accounting for more than $50 billion in sales. Smaller biotechs are also vying for a piece of the obesity market and hope large pharmaceutical companies will pay up for partnerships. "I don't know if it's $90 billion or $80 billion or $50 billion. The current GLP-1 drugs can cause nausea and vomiting.

☆ Here's what's next for bank stocks after the failure of First Republic
▼ + stars: | 2023-05-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

First Republic's demise was the third regional bank failure since early March, when Silicon Valley Bank and Signature Bank folded within days of each other. There is cautious optimism on Wall Street that First Republic will be the last failure of this period. However, reports from other regional banks weren't nearly as dire, with many reporting that deposits had stabilized and were growing again. However, the failure of First Republic could cause some more turbulence, at least in the short-term, for both deposits and bank stocks. "We don't believe that regional banks are completely out of the woods," Wolfe Research chief investment strategist Chris Senyek said in a note to clients on Monday.

☆ Universal Music reiterates AI concerns as quarterly profit slumps
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +2 min

April 26 (Reuters) - Universal Music Group (UMG.AS), the label representing Drake and Taylor Swift, on Wednesday posted a slump in first-quarter core profit due to compensation expenses, and reiterated concerns over AI-made music. Core profit, or earnings before interest, taxes, depreciation and amortisation (EBITDA), slumped 43.4% in constant currency to 261 million euros ($288.04 million), due to non-cash, share-based compensation expenses, part of an equity compensation plan announced last year. Excluding these expenses, adjusted EBITDA was 522 million euros, up 13.0% on the same basis, and beating a consensus cited by Credit Suisse which had expected 513 million euros. UMG's CEO, Lucian Grainge, has come under shareholder pressure over an "excessive" $100 million pay deal, The Financial Times reported on Wednesday. Labels now face challenges like slowing global revenue growth in recorded music, particularly in established markets like the U.S, while the emergence of AI-generated music adds to their concerns, as many laws do not currently deem the replication of artists' voices as strictly illegal.

☆ Will the Internet Democratize Art or Destroy It?
▼ + stars: | 2023-04-21 | by ( Walker Mimms | ) www.nytimes.com time to read: 1 min

A mock-up of the first page of the Artist’s Contract, written by the gallerist Seth Siegelaub and the lawyer Robert Projansky in 1971.Credit... Seth Siegelaub and Robert Projansky, via Rizzoli and Stichting Egress Foundation, Amsterdam, Estate of Seth Siegelaub and MarjaBloem. Photo: Nash Baker

☆ The viral new ‘Drake’ and ‘Weeknd’ song is not what it seems
▼ + stars: | 2023-04-19 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

CNN —One of the buzziest songs recently circulating on TikTok and climbing the Spotify charts featured the familiar voices of best-selling artists Drake and the Weeknd. But there’s a twist: Drake and the Weeknd appear to have had nothing to do with it. The viral track, “Heart on my Sleeve,” comes from an anonymous TikTok user named Ghostwriter977, who claims to have used artificial intelligence to generate the voices of Drake and the Weeknd for the track. The original TikTok video has seemingly been taken down, and the song has since been removed from streaming services including YouTube, Apple Music and Spotify. Taryn Southern’s debut song “Break Free,” which was composed and produced with AI, hit the Top 100 radio charts back in 2018, and VAVA, an AI music artist (i.e.

☆ Bob Marley and the Wailers’ ‘Catch a Fire’ Turns 50
▼ + stars: | 2023-04-15 | by ( Marc Myers | ) www.wsj.com time to read: 1 min

Jamaican music was hardly foreign to American ears or the U.S. pop charts in 1973. Starting with Harry Belafonte ’s recording of “Day-O (The Banana Boat Song)” in 1956, singles became hits using Jamaica’s brassy ska and mellow rocksteady styles. These included Millie Small’s “My Boy Lollipop” (1964), Johnny Nash ’s “Hold Me Tight” (1968) and “I Can See Clearly Now” (1972), the Beatles’ “Ob-La-Di, Ob-La-Da” (1968) and Desmond Dekker & the Aces’ “Israelites” (1968). Then, in February 1973, the Jamaican crime film “The Harder They Come,” starring singer Jimmy Cliff , was released in the U.S. along with the soundtrack album. Many Americans were exposed for the first time to reggae—a bass-heavy rhythmic style that emerged in 1968 with the Maytals’ “Do the Reggay.”

☆ CarMax speeds past quarterly profit estimates on cost cuts
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +1 min

Companies Carmax Inc FollowAutoNation Inc FollowApril 11 (Reuters) - CarMax Inc (KMX.N) on Tuesday posted fourth-quarter profit above analysts' estimates as cost cutting measures helped the pre-owned car retailer soften the blow from a slowdown in demand for vehicles. Demand for used cars was dented over the past year due to higher borrowing costs and soaring commodity and gasoline prices, weighing on CarMax's results. That demand for vehicles and related services helped auto retailer AutoNation Inc (AN.N) post a better-than-expected quarterly profit when it reported earnings in February. CarMax's adjusted fourth-quarter profit came in at 44 cents per share, ahead of Refinitiv IBES estimates of 24 cents per share. Its quarterly revenue came in at $5.72 billion, below analysts' estimates of $6.04 billion, as affordability concerns impacted sales.

☆ U.S., European Police Shut Down Hacker Marketplace, Make 119 Arrests
▼ + stars: | 2023-04-05 | by ( Kim S. Nash | ) www.wsj.com time to read: +4 min

The international action conducted Tuesday and Wednesday against Genesis Market, one of the largest so-called initial access brokers in the world, resulted in 119 arrests. The dismantling of Genesis Market follows the arrest last month of a man U.S. prosecutors say ran BreachForums, a site for buying and selling stolen data. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. The Treasury Department on Wednesday sanctioned Genesis Market, a so-called initial access broker in operation since 2018. Genesis Market data was provided to the website Have I Been Pwned, so individuals can check whether their credentials have been compromised.

☆ Broad Pay Ranges Can Hamper Cybersecurity Hiring
▼ + stars: | 2023-04-04 | by ( Kim S. Nash | Catherine Stupp | ) www.wsj.com time to read: +3 min

Companies that list wide pay ranges in cybersecurity job descriptions risk setting false expectations and kindling unrest among existing staff. Seven other states have required pay transparency for the past few years. In cyber recruiting, in particular, broad scales can hamper hiring, said Joyce von Seldeneck, founder and chair of Philadelphia-based Diversified Search Group. The last thing a company wants is to go bring candidates through an entire process and disappoint them at the end.”Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. While some management consultants say pay transparency can light a fire under employees to work harder for higher compensation, Matthias Muhlert, chief information security officer at gummy-bear maker Haribo GmbH & Co., isn’t so sure.

☆ Beep! The barcode turns 50, who invented it?
▼ + stars: | 2023-04-04 | by ( Dayun Park | ) edition.cnn.com time to read: +4 min

The barcode, that rectangle of thick and thin parallel lines seen on seemingly every grocery product, package, prescription bottle and piece of luggage is turning 50 years old. There’s hardly any products now that don’t use a barcode for identification.”Who got there first? A replica of a package of Wrigley's Juicy Fruit Chewing Gum used in a Smithsonian museum exhibition. The Wall Street Journal, in a 2022 obituary of Collins, gives the nod of inventing the barcode to him. Years later, the Smithsonian had a replica of that Wrigley’s gum installed in a museum exhibition on the history of the barcode.

☆ He Saved His Father’s Rare Car From the Junkyard, and Built a Museum Around It
▼ + stars: | 2023-04-01 | by ( A.J. Baime | Photographs David Williams For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Terry Gale , 62, a retired restaurant and maintenance company owner living in Elizabeth, Colo., on his 1954 Nash Ambassador, as told to A.J. When I was growing up, my dad worked at a Nash car dealership in Price, Utah, where our family lived. In 1971, he traded in his car for a Nash Ambassador, paying an additional $50. He drove the car for a few years, then, one day, my sister-in-law was driving it and the oil pump went out. We had the car towed to our farm and it sat there for 18 years.

☆ Drug developer 89Bio soars as NASH drug succeeds in mid-stage study
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

March 22 (Reuters) - Drug developer 89Bio Inc <ETNB.O> said on Wednesday its experimental treatment for liver disease NASH met the main goals of a small mid-stage study, sending its shares 30% higher. The drug, pegozafermin, helped reduce liver scarring known as fibrosis as measured on two different scales in patients with NASH, or nonalcoholic steatohepatitis, trial data showed. 89Bio said the drug, administered both weekly and every two weeks in the trial, had a safety profile similar to older trials. In the trial, the drug helped significantly reduce fibrosis or liver scarring without the worsening of NASH, compared to a placebo. NASH, a form of non-alcoholic fatty liver disease, is characterized by the organ developing fibrosis or scarring, which can progress to cirrhosis and liver failure.

☆ ChatGPT Helped Win a Hackathon
▼ + stars: | 2023-03-20 | by ( Kim S. Nash | ) www.wsj.com time to read: +3 min

The ChatGPT AI bot has spurred speculation about how hackers might use it and similar tools to attack faster and more effectively, though the more damaging exploits so far have been in laboratories. In its current form, the ChatGPT bot from OpenAI, an artificial-intelligence startup backed by billions of dollars from Microsoft Corp., is mainly trained to digest and generate text. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. PREVIEWTwo security researchers from cybersecurity company Claroty Ltd. said ChatGPT helped them win the Zero Day Initiative’s hack-a-thon in Miami last month. At the contest, Mr. Moshe and his partner succeeded all 10 times they tried, winning $123,000.

☆ Wall Street analysts say $30 billion lifeline to First Republic should temper future bank runs, boost confidence in sector
▼ + stars: | 2023-03-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The move by major banks on Thursday to extend a much needed lifeline to First Republic should help reignite confidence in the sector after a difficult week, Wall Street says. "We view the move by the industry as a positive step to stem contagion amid the regional bank crisis," wrote Evercore ISI's John Pancari in a Thursday note. "We believe the move sends a message of broader stability for the sector and should help further temper depositor fears," and enables the "bank to fight another day." First Republic shares have plummeted 58% this week, after the failure of Silicon Valley Bank triggered a massive selloff among regional bank stocks and panic deposit flight from customers. "It is also a sly vote of confidence in the contributing banks," he said.

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