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☆ Drena De Niro says fentanyl killed her son
▼ + stars: | 2023-07-06 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —Drena De Niro has shared the cause of death for her 19-year-old son. Leandro De Niro Rodriguez, the grandson of Oscar-winning actor Robert De Niro, recently died after ingesting fentanyl, his mother wrote on social media. “It is with immeasurable shock and sadness that we say goodbye to our beloved son Leo,” Drena De Niro posted Monday in a statement on her verified social media. “Someone sold him fentanyl laced pills that they knew were laced yet still sold them to him so for all these people still f**king around selling and buying this sh*t, my son is gone forever,” De Niro wrote in response. “I’m deeply distressed by the passing of my beloved grandson Leo,” Robert De Niro said in a statement to CNN.

Persons: Drena De Niro, Leandro De Niro Rodriguez, Oscar, Robert De Niro, Leo, ” Drena De Niro, –, ” De Niro, “, ”, De Niro, ” Robert De Niro, “ We’re, ” Leandro De Niro Rodriguez, Bradley Cooper, Lady Gaga, Maxime ” Organizations: CNN, US Centers for Disease Control Locations: “

☆ 4 things making it harder for Janet Yellen to repair the US-China relationship
▼ + stars: | 2023-07-06 | by ( Laura He | ) edition.cnn.com time to read: +9 min

The global economy stands to gain if Washington and Beijing can mend fences, but analysts say this appears unlikely. Here are four things likely to make it harder for Yellen to repair US-China ties, and one thing keeping the relationship going. Sequoia’s executives said in a statement that it has become “increasingly complex” to run a decentralized global investment business. On Wednesday, US pharmaceutical firm Moderna (MRNA)signed a deal to make its first major investment in China. “Both sides are ramping up commercial restrictions in the name of national security and national interests,” she said.

Persons: Janet Yellen, China, ” Wei Jianguo, ”, Anna Ashton, Biden, Beijing’s, Wei, Capvision, Xi Jinping’s, “, Li Qiang, Xi, Alex Capri, ” Ashton, —, Jennifer Hansler, Wayne Chang, Bryan Mena Organizations: Hong Kong CNN, Eurasia Group, Micron Technology, China Daily, Analysts, China, Capvision, Bain & Company, Group, Forrester Research, Ontario, Republicans, Hawks, Shanghai Cooperation Organization, Xinhua, US Commerce Department, “, National University of Singapore Business School, Moderna Locations: Hong Kong, Beijing, United States, China, Chinese, Washington, Japan, Europe, Shanghai, New York, decouple, Moscow, Ukraine, Russia, Taiwan, Tianjin

☆ Trump’s dominance of GOP field has America bracing for a toxic campaign
▼ + stars: | 2023-07-05 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

But the raucous event in Pickens also showed the enduring power of his personality and feral political appeal to GOP base voters. The state of the raceAs early as it is, some of the big questions that will decide the 2024 GOP primary are beginning to be answered. Even with his support among GOP voters appearing to soften in CNN’s post-indictment poll, there’s little sign it’s affecting his position in the race. While this may reinforce perceptions among GOP primary voters that he’s a victim, it could remind other voters of the possibility of a convicted felon serving as president. Still, Kennedy’s appeal shows that a distrust of Washington institutions, experts and a political system many voters fear has failed them, is no longer exclusively reserved for Republican primary voters.

Persons: Donald Trump, Pickens, ” Trump, Trump, ” Steve Cortes, DeSantis, Mike Pence, Obama, Clinton, Biden, it’s, —, Sen, Lindsey Graham –, –, Chris Christie, Asa Hutchinson, Will Hurd, Lindsey Graham, president’s, — DeSantis, he’s, I’ll, ” Cortes, “, Buttigieg, Still, — Biden, Robert Kennedy’s, didn’t Organizations: CNN, America, Republican, GOP, DeSantis, ”, Trump, NBC, Labor, FBI, Justice Department, New, New Jersey Gov, Arkansas Gov, Texas Rep, PAC, White, Democratic Locations: South Carolina, Florida, Iowa, New Hampshire, New Jersey, Arkansas, Manhattan, Washington

☆ LVMH owner Bernard Arnault reportedly visits China after luxury spending rebound
▼ + stars: | 2023-06-28 | by ( Laura He | ) edition.cnn.com time to read: +4 min

LVMH reported its first-quarter sales surged 17% from a year ago, beating analyst expectations, driven by a rebound in China’s luxury market from the downturn it experienced during the pandemic. Luxury goods spending bounced back more quickly than any other sector in the first quarter. Although the economic momentum has lost steam in the past couple of months, growth in luxury goods sales has accelerated. China was one of the world’s largest luxury goods markets before Covid hit. Bain & Co. estimated earlier this year that Chinese consumer spending accounted for around 17% of the global luxury market in 2022.

Persons: Hong Kong CNN — Bernard Arnault, Elon Musk, Morgan, Jamie Dimon, Musk, Caijing, Christian Dior, LVMH didn’t, LVMH, ”, Jean, Jacques Guiony, “, Li Qiang, ” Li Organizations: Hong Kong CNN, LVMH, WF, CNN, Consumers, Bain & Co Locations: Hong Kong, China, Beijing, ” Beijing

☆ Spain’s new $185m Royal Collections Museum is finally opening
▼ + stars: | 2023-06-23 | by ( Al Goodman | ) edition.cnn.com time to read: +6 min

There are just three works, among the 650 on display, signed by female artists, Leticia Ruiz, director of the Royal Collections, told CNN via phone. Luisa Roldan's 1692 sculpture “Saint Michael the Archangel Defeating the Devil (El Arcángel San Miguel venciendo al demonio)" will be on display for the first time at the Royal Collections Gallery in Madrid, Spain. The exhibit starts with the Hapsburg monarchs’ royal collections — located near the old city wall exhibit — and then one level below, the Bourbon dynasty collections. On a floor below that are the temporary exhibitions, which start with carriages from the Royal Collections and some on loan from other institutions, Ruiz said. A third of the museum’s 650 items will be rotated annually back to the royal palaces and other Patrimonio sites and replaced with other items from their collections.

Persons: Frank, Emilio Tuñon, Luis Mansilla, Velazquez, Caravaggio, Goya, Cervantes ’ “ Don Quixote, ”, Ana De la Cueva, Saint Michael the Archangel, Luisa Roldan, Leticia Ruiz, Ruiz, —, Luisa Roldan's, Miguel venciendo al, Roldan, ” Ruiz, “ It’s, Diego Velazquez’s “, “, Caravaggio’s, Salome, Saint John the Baptist, de la Cueva, De la Cueva, Isabel the Organizations: Madrid CNN —, Guggenheim Museum Bilbao, Patrimonio Nacional, CNN, Royal Collections, Royal, Spain’s, Patrimonio Locations: Madrid, Spain, Spanish, Campo, Miguel, Bourbon, Royal Palace

Lina Khan takes on her longtime targetIn 2017, Lina Khan, then a 29-year-old law student, shot to fame with an academic article about why Amazon should be contained. Cutting against prevailing trends in antitrust law, Khan argued that the e-commerce giant was unfairly dominating huge swaths of the American economy. Now the chair of the F.T.C., Ms. Khan has finally taken on Amazon, though her agency’s new lawsuit against the company isn’t focused on antitrust. “Amazon tricked and trapped people into recurring subscriptions without their consent,” Ms. Khan said. wants the courts to stop Amazon from engaging in those practices and impose a financial penalty.

Persons: Lina Khan, Khan, “, ” Ms

But beneath those positive signals, the two-day visit to Beijing from US Secretary of State Antony Blinken highlighted another reality: a wide and dangerous gulf between the two powers. The timing of the visit, which followed two close encounters between Chinese and American armed forces in Asia in recent weeks, underscored the urgency of talking. In the same vein, the United States needs to respect China and must not hurt China’s legitimate rights and interests,” he said. We don’t want to look up to the United States, at the very least we should look at each other at eye level,” he said. Baby stepsIn the lead-up to and during Blinken’s visit, China made clear who it thinks is responsible for the problems in the relationship.

Persons: Antony Blinken, –, Xi Jinping, Blinken, Xi, ”, “, Bonnie Glaser, China …, Nancy Pelosi’s, Yang Tao, ” Yang, Li Shangfu, Shen Dingli, Wang Yi, Joe Biden, ” Blinken, Dexter, Roberts Organizations: Hong Kong CNN, Washington, China, China’s Communist Party, German Marshall Fund of, United, Pacific, Military, US, Chinese Defense, Minister of Defense, Beijing, Economic Cooperation, Atlantic Council Locations: Hong Kong, China, Beijing, Asia, ”, United States, Washington, Taiwan, American, South China, America, Shanghai, “ China, Bali, “

☆ Al Pacino is a new dad again at 83
▼ + stars: | 2023-06-15 | by ( Dan Heching | ) edition.cnn.com time to read: 1 min

CNN —Actor Al Pacino and girlfriend Noor Alfallah have welcomed a baby boy, a representative for Pacino told CNN. Pacino, 83, and Alfallah, 29, a film producer, named their child Roman Pacino. When news broke earlier this month that Pacino was set to become a father again, his friend and fellow actor Robert De Niro, who at 79 welcomed his seventh child last month, shared his excitement. “Go Al, God bless him,” De Niro said. Pacino’s most recent feature film credit was 2021’s “House of Gucci,” in which he played Aldo Gucci opposite Adam Driver and Lady Gaga.

Persons: Al Pacino, Noor Alfallah, Pacino, Roman Pacino, Beverly D’Angelo, Jan Tarrant, Robert De Niro, ” De Niro, Gucci, Aldo Gucci, Adam Driver, Lady Gaga, ” costarring Logan Lerman Organizations: CNN, Amazon

☆ Folarin Balogun: What to expect from the 21-year-old who outscored Lionel Messi last season ahead of his USMNT debut
▼ + stars: | 2023-06-15 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +9 min

Folarin Balogun recently committed to representing the United States men’s national team (USMNT), ending years of speculation about whether the 21-year-old would choose to play for the US or England on the international stage. Here’s all you need to know about the prodigious striker ahead of his potential USMNT debut against Mexico. Stu Forster/Getty ImagesOn the pitch, Balogun has refined his game over the past two seasons. After the Arsenal man’s haul last season, Barker also believes this could be just the beginning for the striker. “I’m not sure he will be an elite, world class player,” Barker said, “but you certainly wouldn’t bet against him.”

Persons: Lionel Messi, Ballon d’Or, Folarin Balogun, Gregg Berhalter’s, Jesus Ferreira, Josh Sargent, Haji Wright, “, James Williamson, Flo, unforthcoming, Balogun, Art de, Charles McQuillan, ” de Roché, it’s, Roché, de Roché, he’s, Stu Forster, “ He’s, ”, Alex Barker, ” Barker, Oliver Giroud, Roberto Firmino, Messi, Germain, Francois Nascimbeni, Balogun’s, Barker, John Dorton, who’s, that’ll, De Roché, Xavier Laine, “ I’m Organizations: CNN, Inter Miami, France’s Ligue, United, United States men’s national, Mexico, Arsenal, Premier League club’s, Middlesbrough, Ligue, Reims, CNN Sport, Millwall, Stade Vélodrome, Marseille, West Brom, EFL Championship, Twitter, ”, Paris Saint, “, Getty, USSF, US, USSF ‘ Locations: USA, Argentine, Brooklyn, United States, England, Qatar, Netherlands, New York, Millwall’s, Reims, Ligue, AFP, Canada, Mexico, France

☆ China e-commerce shipments would lose US tariff exemption under proposed law
▼ + stars: | 2023-06-14 | by ( Katherine Masters | ) www.reuters.com time to read: +2 min

The bill would ban such shipments from China immediately upon enactment, sponsor Republican Senator Bill Cassidy said. Ecommerce sellers such as China-founded, Singapore-based Shein and Temu, a rival owned by PDD Holdings Inc (PDD.O) that operates the Chinese ecommerce site Pinduoduo, are big beneficiaries of the exemption. De minimis shipments have drawn attention at least since 2019, when the U.S. Consumer Product Safety Commission reported it struggled to catch unsafe imports because of the heavy volume of low-value packages. Such shipments rose to 685.5 million in 2022 compared with 410.5 million in 2018, U.S. customs data showed. Under the bill, countries other than China and Russia could keep the exemption by adopting the $800 threshold for their own tariff-free imports.

Persons: Dado Ruvic, Bill Cassidy, minimis, Temu, De, J.D, Vance, Tammy Baldwin, Earl Blumenauer, Katherine Masters, Cynthia Osterman Organizations: REUTERS, PDD Holdings, U.S . Consumer Product Safety, Democratic, FedEx, UPS, DHL, Thomson Locations: U.S, China, Singapore, Xingiang, Xinjiang, Russia

☆ El espía que me llamó
▼ + stars: | 2023-06-10 | by ( Nicholas Casey | ) www.nytimes.com time to read: +3 min

Dijo que tenía algunas cartas de amor, pero nada que equivaliera a un archivo de los secretos del rey. Villarejo siguió insistiendo, pero Zu SaynWittgenstein volvía una y otra vez a su frustración por su relación con el antiguo rey. Recordé que un editor bien relacionado en Madrid me había dicho una vez que por cada verdad que Villarejo decía, también decía cinco mentiras. Yo le había contado a Bautista que me reuniría con el espía, pero le di órdenes estrictas de que no se lo dijera a nadie más y las había cumplido. La agenda era más útil, ya que ofrecía una forma de cruzar referencias de muchas de las reuniones que Villarejo afirmaba haber tenido.

☆ Climate crisis: Russia's war in Ukraine is undermining global efforts to tackle emissions, new report finds
▼ + stars: | 2023-06-07 | by ( Laura Paddison | ) edition.cnn.com time to read: +7 min

The report, titled Climate Damage Caused by Russia’s War in Ukraine, follows on from a first interim assessment presented at the UN COP27 climate conference in November 2022. Nearly 22 million metric tons of planet-heating pollution came from warfare, almost 20% of the total emissions attributable to the conflict, the report found. “We probably will only be able to really get a more accurate estimate once the war is over,” de Klerk said. “The biggest chunk of the emissions are still in the future reconstruction of Ukraine,” de Klerk said. The report authors even calculated the extra planet-warming pollution created by airlines rerouting flights to avoid Russian and Ukrainian airspace.

Persons: “, ” Lennard, Klerk, It’s, ” de Klerk, Leah Millis, de Klerk, James Appathurai, ”, Rachel Kyte Organizations: CNN, UN, Firefighters, Reuters, Aris Mssinis, Getty, Global, Fletcher School, Tufts University, “ Locations: Ukraine, Belgium, Russia, Nemyshlianski, Kharkiv region, Russian, Avdiivka, Donetsk, AFP, Europe, Ukrainian

☆ Robert De Niro reacts to Al Pacino becoming a father again at 83
▼ + stars: | 2023-06-02 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Robert De Niro sounds excited for his friend and former co-star Al Pacino to be joining him in the senior dad’s club. “Go Al, God bless him.”But it appears De Niro may have misunderstood the question as the next day during an appearance on “Today,” the actor seemed to have believed Baby Pacino had already arrived. “Listen, Al Pacino just had a baby, I was told yesterday morning,” De Niro said. God bless him. De Niro and Pacino have starred in several projects together over the years, including “The Godfather II,” “Heat” and “The Irishman.”

Persons: Robert De Niro, Al Pacino, De Niro, Gia, Tiffany Chen, Niro, Pacino, Noor Alfallah, “, ” De Niro, ” Organizations: CNN, Tribeca Film

☆ Mayor Adams Loves to Tell a Good Story. It Might Even Be True.
▼ + stars: | 2023-06-01 | by ( Emma G. Fitzsimmons | ) www.nytimes.com time to read: +1 min

In early May, the mayor twice claimed that New York City schoolchildren “start their day going to the corner bodega buying cannabis and fentanyl,” despite there being little evidence of the trend. The mayor recently told reporters that nearly half of New York City’s hotel rooms were occupied by migrants, suggesting that the influx of asylum seekers was hurting the tourism industry and taking rooms away from vacationers. City Hall officials later walked back Mr. Adams’s claim, explaining that the mayor had meant to say that migrants had taken up 40 percent of the occupancy in the city’s midsize hotels. Hotel industry leaders said that migrants had not hurt tourism and that more than 20,000 rooms remained unoccupied. “At a time when the city is facing real crises, how can New Yorkers tell if the mayor is telling the truth when he keeps misleading them?” said Monica Klein, a Democratic political strategist and a deputy press secretary for former Mayor Bill de Blasio.

Persons: “, Adams’s, Adams, ”, Monica Klein, Bill de Blasio Organizations: New, bodega, City, Independent, Democratic Locations: New York City, New York

☆ Inside SETI’s E.T. transmission test
▼ + stars: | 2023-06-01 | by ( Deblina Chakraborty | Jacopo Prisco | ) edition.cnn.com time to read: +7 min

The ExoMars Trace Gas Orbiter, shown here, played a key role in SETI's test by sending a message to Earth on May 24. The Allen Telescope Array in Northern California is one of three observatories that picked up the transmission. But the event also correctly simulates the fact that it wouldn’t be SETI’s role to decipher the message, just to point out its reception. However, neither SETI nor any other organization on Earth has yet picked up any intelligent signal from the stars. He composed an interstellar radio message that was sent in 1974.

Persons: It’s, ”, Daniela de Paulis, “, Seth Shostak, ” de Paulis, Wael Farah, “ It’s, Jodie Foster, ” Farrah, Frank Drake, —, Neil Hall, Drake, , Neill Sanders, they’ve Organizations: CNN, SETI, Green Bank, Medicina, Orbiter, ESA, Allen, NASA, SETI Institute, Reuters, Arecibo Locations: Northern California, West Virginia, Bologna, Italy, American, Puerto Rico, Arecibo, British

☆ Central bankers face a balance sheet reckoning
▼ + stars: | 2023-05-26 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

LONDON, May 26 (Reuters Breakingviews) - Central banks’ balance sheets have exploded in size since 2008. That’s not a problem, we’re told, since central banks are not bound by ordinary accounting rules. Ferguson and his colleagues examined fourteen central bank balance sheets over a period of 400 years. Central bank hawks on the other hand, are typically slow to expand their balance sheets during crises. Central banks with weak balance sheets are less credible bastions of a fiat currency.

☆ Manchester City: Pep Guardiola's side lays claim to being Premier League's greatest ever team
▼ + stars: | 2023-05-21 | by ( Matias Grez | ) edition.cnn.com time to read: +8 min

CNN —When all is said and done, it is looking increasingly likely that this iteration of Manchester City will go down as the greatest team in Premier League history. A 'Premier League Champions' banner is revealed outside Manchester City's stadium on Saturday. Catherine Ivill/Getty Images Europe/Getty ImagesIndeed, defender Rúben Dias recently called Guardiola the “main piece” of this City team. Back in February, the Premier League accused Manchester City of more than 100 breaches of the league’s finance rules and referred the club to an independent commission. The Premier League told CNN it had no comment to make on the issue, while Rosen said he wasn’t taking press inquiries.

Ships in the Autonomous Port of Cotonou in Benin, West Africa. Prosper Dagnitche/AFP/Getty ImagesThe stream of used cars heading to West African ports is only expected to increase with the West’s shift to electric vehicles. “It’s not like people want to drive used cars; it’s an affordability issue.”Experts say demand for used cars could explode further as the take up of electric cars in the West increases the supply of used cars to African countries. Those states also have robust port operations, making them an ideal place to ship used cars to Africa. “In terms of where Africa goes, the transition shouldn’t necessarily be from used cars to brand new combustion engines, it should be from used cars to EVs,” Ipke said.

CNN —National Treasure won the 2023 Preakness Stakes at Pimlico Race Course in Baltimore Saturday evening. The win made Baffert the winningest trainer in Preakness Stakes history and the only trainer to have eight horses win the race. Blazing Sevens placed second, and prerace favorite and Kentucky Derby winner Mage placed third in the seven-horse field. The win means no horse will take home the coveted Triple Crown this year, achieved when a horse wins the Kentucky Derby, the Preakness Stakes and the Belmont Stakes in one year. National Treasure was ridden by Hall of Fame jockey John Velazquez, who tallied his first win at the Preakness Stakes.

CNN —Conservators at the Guggenheim Museum in New York have uncovered a small dog hidden beneath the surface of a Pablo Picasso painting. The image of a charming lapdog wearing a red bow was revealed by museum experts during a technical analysis of the Spanish artist’s painting “Le Moulin de la Galette” ahead of an exhibition of his early works. “Le Moulin de la Galette” depicts a lively scene at the titular venue — a famous Parisian dance hall that was painted by other artists including Pierre-Auguste Renoir. Modifying paintings later became part of Picasso’s regular practice, Barten said, adding that “Le Moulin de la Galette” is now considered one of the earliest examples of this. “Le Moulin de la Galette” is the “centerpiece” of the Guggenheim’s show, said Barten, whose team of conservators also restored the artwork’s surface by removing decades of dirt and non-original varnish.

☆ Gas is almost $1 cheaper than a year ago
▼ + stars: | 2023-05-15 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

But gas prices are miles away from last summer’s nightmare. At this point last year, gas prices were racing toward $5 a gallon, angering Americans, alarming central bankers and threatening the entire economy. Gas is not cheapTo be sure, gas prices are not nearly as cheap as back in 2020 when the national average crashed below $2 a gallon. Looking ahead, gas prices will probably remain far away from last summer’s peak. “If we return to economic prosperity, we’re going to return to the same gas price explosion as last year.”

☆ Robert De Niro welcomes 7th child
▼ + stars: | 2023-05-09 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Robert De Niro is a dad again, a representative for the actor confirmed to CNN on Tuesday. “Seven, actually,” De Niro said, adding “I just had a baby.”De Niro has six children from previous relationships but it’s unclear who the mother of his seventh child is. “I don’t think I’m a cool dad,” De Niro said modestly, going on to joke about how his 11-year-old daughter, whom he “adores,” gives him “grief” sometimes. The actor was previously married to Diahnne Abbott from 1976 to 1988 and they are the parents of two children, Drena and Raphael. De Niro was also previously married to Grace Hightower before they split in 2018, and the pair are parents to son Elliot and daughter Helen Grace.

CNN —Two more horses have died at Churchill Downs, the home of the famed Kentucky Derby, officials from the track announced on Saturday. A total of seven horses have now died at the racetrack in the week-long lead up to the race. On Friday, racehorse trainer Saffie Joseph Jr. was suspended indefinitely by Churchill Downs following the “highly unusual” deaths of two of his horses, Parents Pride and Chasing Artie. Three other horses – not trained by Joseph – also died in recent days. According to Churchill Downs, Wild on Ice, a Derby contender, was hurt while training on Thursday and Take Charge Briana was injured in a race on Tuesday.

☆ Astronomers observe star swallowing planet for first time
▼ + stars: | 2023-05-03 | by ( Jack Guy | ) edition.cnn.com time to read: +4 min

CNN —In a world first, scientists have observed the moment that a dying star consumed a planet — a fate that eventually awaits Earth. Astronomers observed this as a white-hot flash, followed by a longer-lasting colder signal, which they later deduced was caused by the star engulfing a planet. “That infrared data made me fall off my chair,” De said, with the readings suggesting the star could have been merging with another star. However, further analysis using readings from NASA’s infrared space telescope, NEOWISE, revealed that the star was in fact consuming a planet. Our own planet will meet the same fate, but not for 5 billion years, researchers say.

☆ Negotiating Financing Provisions in Mergers
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +47 min

(For the complete version of this resource, which includes initial considerations and questions counsel should ask when drafting and negotiating financing provisions in merger agreements, see Drafting and Negotiating Financing Provisions in Mergers on Practical Law.) For a private placement under Rule 144A, the financing parties may offer some flexibility regarding the required financing statements. The term refers collectively to provisions that benefit debt financing parties by limiting their liability in an acquisition financing, including provisions that provide for:No recourse to the financing parties. The target company has no recourse against the financing parties and cannot pursue litigation against the financing parties directly. The financing parties are third-party beneficiaries of the Xerox provisions to permit the financing parties to enforce their rights under the merger agreement.

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