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☆ We mapped out the 113 most powerful people at Warner Bros. Discovery after a blockbuster merger and a tumultuous year of layoffs and cuts under CEO David Zaslav
▼ + stars: | 2023-04-20 | by ( Claire Atkinson | Lucia Moses | Taylor Tyson | ) www.businessinsider.com time to read: +2 min

Warner Bros. CEO David Zaslav is focused on rebuilding but faces economic headwinds and an advertising slump. Insider mapped out the 112 most powerful people under Zaslav leading WBD film and TV studios, HBO, CNN, and more. One year after the merger that created Warner Bros. While Kathleen Finch has joined the mix with her portfolio of Discovery channels, top TV execs from the WarnerMedia regime — HBO's Casey Bloys and Warner Bros. TV studios chief Channing Dungey — are still in place.

☆ Morning Bid: Banks calm the horses
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +5 min

As U.S. banking giants calm the horses, global investors are now concentrated on world growth and earnings signals more than interest rate rises for direction - with an assumption the latter are near an end anyway. Somewhat relieved analysts marginally brightened their dim outlook for first-quarter U.S. results compared with a week ago. Futures markets now see a more than 80% chance the Fed will execute one final quarter point rate rise next month - reversing it by September. That rate rise would bring the real Fed policy rate - adjusted by headline consumer price inflation - into positive territory for the first time in three years. The dollar extended Friday's rebound as the May rate rise pricing hardened.

☆ In renaming 'HBO Max,' Warner Bros. Discovery hedges its bets in streaming
▼ + stars: | 2023-04-15 | by ( Alex Sherman | ) www.cnbc.com time to read: +8 min

Warner Bros. Discovery unveiled its new streaming service Wednesday, featuring a combination of programming from HBO Max and Discovery+. Discovery logo is displayed on a smartphone screen and in the background, the HBO Max and Discovery Plus logos. Those who want HBO already know where to find it, and HBO Max will simply morph into Max on most platforms. Warner Bros.

☆ Warner Bros Discovery reveals pricing, promotion, and content details of its new streamer, Max, as it aims to take on Netflix and fire up Wall Street
▼ + stars: | 2023-04-12 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

Called Max, the app will feature content from HBO Max and Discovery+. Discovery announced the details of its new streaming app on Wednesday, after much anticipation from Hollywood and Madison Avenue. The prices will stay the same for HBO Max subscribers, who will begin to be automatically ported over to the new service. Presenting the entire WBD content catalog on the combined streamer without diluting HBO's prestige factor was another challenge. HBO Max has greater recognition with younger consumers, according to a new Samba TV/HarrisX poll, which could help grow awareness for Discovery+.

☆ Australia's Latitude Group opposed to paying ransom to cyber attack criminals
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +1 min

April 11 (Reuters) - Australian consumer finance firm Latitude Group Holdings Ltd (LFS.AX) will not pay a ransom to those behind a cyber attack last month, saying it will be detrimental to customers and cause harm to the broader community by encouraging further attacks. "We will not reward criminal behaviour, nor do we believe that paying a ransom will result in the return or destruction of the information that was stolen," Latitude said in a statement on Tuesday. Latitude, which provides consumer finance services to retailers Harvey Norman (HVN.AX) and JB Hi-Fi (JBH.AX), had also taken its platforms offline. Several Australian firms have reported cyber attacks over the past few months, which experts attribute to an understaffed cyber security industry. Reporting by Jaskiran Singh in Bengaluru; Editing by Anil D'Silva and Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

☆ Memphis council suspends extra police reforms after protests
▼ + stars: | 2023-04-11 | by ( Andrew Hay | ) www.reuters.com time to read: +1 min

April 11 (Reuters) - Memphis' city council voted on Tuesday to indefinitely postpone extra police reforms in response to Tyre Nichols' beating death after protests the proposals watered down ordinances passed in March. "It is in the best interest to allow previous ordinances on criminal justice reform advocated for by Council members and constituency groups to stand alone," Council Vice Chair JB Smiley told the council. Audience members cheered and chanted "Justice for Tyre" after the council approved Smiley's motion to indefinitely table consideration of the proposed reforms. The death of Nichols, 29, prompted outrage and calls for change. Reporting by Andrew Hay, additional reporting by Dan Trotta; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: Tesla sets stage for annual shareholder meeting
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

April 10 (Reuters) - Tesla Inc (TSLA.O) has put up five proposals for vote at its annual shareholder meeting on May 16, including the nomination of co-founder JB Straubel to the electric-vehicle maker's board. Tesla shareholders usually vote largely in line with board recommendations. FREQUENCY OF NON-BINDING VOTE ON EXECUTIVE COMPENSATIONTesla said shareholders will vote on how frequently they would prefer a non-binding, advisory vote on compensation for executive officers. Investors will choose between one, two and three-year intervals for the non-binding vote on executive compensation, the board said, adding that it recommends a three-year interval. The EV maker has urged shareholders to vote against the proposal, saying it "would cause unnecessary competitive harm".

☆ Tesla nominates ex-CTO JB Straubel to board of directors
▼ + stars: | 2023-04-07 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

JB Straubel, Tesla Motors' former chief technical officer, speaks during a ribbon cutting for a new Supercharger station outside of the Tesla Factory on August 16, 2013 in Fremont, California. Tesla has nominated JB Straubel, the CEO and founder of e-waste recycler Redwood Materials, to its eight-member board of directors, according to an SEC filing out Thursday. Straubel is deemed a co-founder of Tesla due to his engineering and operations leadership at Tesla from early on. Mizuno was previously the chief investment officer Japan's government pension investment fund and has been a member of the Tesla board since April 2020. Besides Straubel, Tesla is nominating CEO Elon Musk and chair Robyn Denholm to be re-elected to the board of directors again.

Credit Suisse's investment bankers are not waiting around to find out if UBS will give them jobs. UBS executives have pulled no punches when discussing the future of Credit Suisse's investment banking teams and trading desks. Jeff CohenA two-decade Credit Suisse veteran, Cohen heads up Credit Suisse's leveraged and acquisition finance business from New York. Previously, Cohen was Credit Suisse's head of global credit products and global head of leveraged finance capital markets. Marco SuperinaA Credit Suisse veteran since 1997, Superina heads Credit Suisse's M&A efforts in the firm's native Switzerland.

☆ Tesla Nominates Former Tech Chief JB Straubel to Board
▼ + stars: | 2023-04-06 | by ( Rebecca Elliott | ) www.wsj.com time to read: 1 min

Tesla Inc. wants to bring its former technology chief back into the fold. JB Straubel , who left Tesla in 2019 and now runs a battery-materials company, has been nominated to the auto maker’s board of directors, the company said in a regulatory filing on Thursday.

☆ Tesla nominates former CTO JB Straubel to board
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +1 min

Companies Tesla Inc FollowApril 6 (Reuters) - Tesla Inc (TSLA.O) on Thursday nominated former Chief Technology Officer JB Straubel to the electric-vehicle maker's board. The company made a proxy filing with the U.S. Securities and Exchange Commission listing four Tesla proposals and one from a shareholder regarding a key-person risk report that the board advises voting against. Straubel would succeed Hiromichi Mizuno, who will not stand for re-election. Straubel joined Tesla in 2004 and spent 14 years as the chief technology officer. Reporting by Hyunjoo Jin in San Francisco and Akash Sriram in Bengaluru; Editing by Shounak Dasgupta and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Grime, dirt, stink and funk: Tween boys are skincare’s hottest market
▼ + stars: | 2023-03-26 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +6 min

But, until recently, there’s been a glaring shortage of products targeting the skincare needs of one key demographic – tween boys. Maguiness, a board-certified pediatric dermatologist, and three other co-founders launched the boys skincare brand in 2020, at the height of the pandemic. The affordable line, which includes a face wash, body wash, moisturizer and topical acne treatment priced under $25, rolled into Target stores and online the following year. courtesy Stryke ClubThe personal care products market overall in the US amounts to more than $25 billion annually (according to market research firm NPD), but very little of it caters to boys. The body wash, for example, contains prebiotic chia eed extract, which acts as an anti-inflammatory and anti-microbial ingredient, said Biren.

☆ Grime, dirt, stink and funk: Tween boys are skin care’s hottest market
▼ + stars: | 2023-03-26 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +6 min

But, until recently, there’s been a glaring shortage of products targeting the skin-care needs of one key demographic – tween boys. The affordable line, which includes a face wash, body wash, moisturizer and topical acne treatment priced under $25, rolled into Target stores and online the following year. “Whether it’s young sensitive skin, or acne, eczema or their first shave, boys have specific skin needs,” said Maguiness. courtesy Stryke ClubThe personal care products market overall in the US amounts to more than $25 billion annually (according to market research firm NPD), but very little of it caters to boys. The body wash, for example, contains prebiotic chia seed extract, which acts as an anti-inflammatory and anti-microbial ingredient, said Biren.

☆ Australia's Latitude Group says 7.9 million driver licence numbers stolen in data theft
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +2 min

March 27 (Reuters) - Digital payments and lending firm Latitude Holdings (LFS.AX) said on Monday it has determined that 7.9 million Australian and New Zealand driver licence numbers were stolen in a large-scale information theft on March 16. Apart from the 7.9 million driver licence numbers stolen, the Australian fintech firm also identified about 53,000 passport numbers were stolen and less than 100 customers had a monthly financial statement stolen. A further 6.1 million records dating back to at least 2005 were also stolen. Customers who choose to replace their stolen ID document will be reimbursed, the company said in a statement. Reporting by Navya Mittal in Bengaluru; Editing by Tom Hogue, Muralikumar Anantharaman and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

SummarySummary Companies Latitude marks worst intraday dropLatitude among latest in slew of corporate cyberattacks in AustraliaMarch 22 (Reuters) - Shares of Latitude Group Holdings (LFS.AX) slumped to their all-time low on Wednesday after the fintech firm unearthed further evidence of large-scale information theft affecting former and current customers across Australia and New Zealand. Latitude said it was attempting to identify the number of customers affected and the type of personal information stolen by the hacker. Latitude had said last week that personal information of around 328,000 customers, including copies of drivers' licences, was stolen. It took its platforms offline on Monday and said the Australian Federal Police and the Australian Cyber Security Centre were looking into the attack. Latitude GroupReporting by Upasana Singh in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Australia's Latitude takes systems offline, Federal Police investigate cyberattack
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +1 min

March 20 (Reuters) - Australian fintech firm Latitude Group Holdings Ltd (LFS.AX) said on Monday it had taken its platforms offline as the cyberattack detected last week remained active, adding the Federal Police was investigating the incident. Last week, the firm said personal information, mostly drivers' licence copies or licence numbers, of about 330,000 customers and applicants was stolen. Latitude said the Australian Federal Police and the Australian Cyber Security Centre were looking into the attack. Latitude shares have not traded since March 15, a day before the company first disclosed the cyberattack. Reporting by Harshita Swaminathan and Himanshi Akhand in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

☆ Walgreens' mixed messaging on abortion pills landed it in the political crossfire, and its clarifications may not be enough to avoid a boycott
▼ + stars: | 2023-03-07 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +4 min

Walgreens says it will sell abortion ills in states where it is "legally permissible to do so." She said Walgreens "does not intend" to sell Mifepristone at any of its locations in the state. The move sparked a backlash from abortion rights supporters, specifically in states where abortion is still legal, with California Gov. By Monday, Walgreens had put out a new statement that assured customers it would sell Mifepristone at locations in states where it was legal. Walgreens did not respond to questions asking in which states it would sell Mifepristone.

☆ Calls to boycott Walgreens grow as pharmacy confirms it will not sell abortion pills in 20 states, including some where it remains legal
▼ + stars: | 2023-03-03 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Last month, 20 Republican attorneys general told Walgreens it could face legal action if it sold abortion pills in some states. Walgreens told Politico it will not sell the pills in those states, which includes some where abortion is legal. Walgreens told Politico that it has responded to the states represented by the 20 AGs, and said it will not distribute the abortion pill Mifepristone in any of those states. At the time, Walgreens told Insider that it was working to become FDA-certified to sell abortion pills in the states where they are legal. Several Democratic attorneys general filed an argument in the case last month that said banning the pill would lead to an "unprecedented spike" in maternal mortality.

☆ Tesla's first CEO says Elon Musk never replied to a congratulatory note he sent — and hasn't spoken to him in 14 years
▼ + stars: | 2023-02-20 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Martin Eberhard said he sent Elon Musk a note after SpaceX's first rocket launched into orbit. The Tesla cofounder said he never heard back from Musk and hasn't spoken to him in about 14 years. "I actually sent him a congratulatory note when his first rocket successfully made it to space, but I got no reply." The Tesla cofounder has said Musk forced him out of the company and had Tesla's board vote him out as CEO behind his back in 2007. About two years later, after Musk started calling himself a Tesla founder, Eberhard sued Musk, alleging libel and slander.

☆ Ousted Tesla cofounder Martin Eberhard sounds off on Elon Musk, how the company has changed, and the EV wars
▼ + stars: | 2023-02-18 | by ( Grace Kay | ) www.businessinsider.com time to read: +17 min

But Eberhard and Musk butted heads, and Musk ousted Eberhard from his CEO role in 2007. Musk said that Eberhard was holding up production of Tesla's first car, the Roadster, and that Eberhard was responsible for other operational issues. And the proof is for the first time ever in decades we built a car company successfully. "His behavior changed dramatically as soon as we started having press about Tesla," Eberhard said. Musk has said the company "is as much a software company as it is a hardware company."

☆ Investors need to embrace these stocks that we love
▼ + stars: | 2023-02-12 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

I’ve typically done this stock picking feature in early to mid February as a Stocks We Love type of story, pegging it to Valentine’s Day. The restaurant stocks in particular could do well. Inflation is obviously still a concern for big consumer brands. Consumer prices rose 6.5% over the past 12 months through December, down from a 7.1% pace in November. Up nextMonday: Earnings from TreeHouse Foods (THS), Avis Budget (CAR), FirstEnergy (FE), IAC (IAC) and PalantirTuesday: US CPI; Japan GDP; UK employment report; earnings from Coca-Cola, Asahi Group, Marriott (MAR).

☆ An estimated $16 billion worth of bets will be placed on the Super Bowl
▼ + stars: | 2023-02-12 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +5 min

New York CNN —With more states legalizing gambling on sports, Super Bowl LVII will probably be the biggest event for the industry ever. But how will casino and online/mobile sports betting companies stand out in an increasingly crowded field? “We have prepared for this Super Bowl like never before,” Greenblatt said. That’s more than double the number of wagers on last year’s Super Bowl. That’s different from 2021 when customer growth was being rewarded.”That being said, both DraftKings and FanDuel still plan to advertise during this year’s Super Bowl.

Redwood Materials expects to draw down the first loan tranche later this year, Chief Executive JB Straubel said in an interview. The IRA rules are designed to shift the U.S. battery supply chain away from China, which currently produces 70% of batteries for electric vehicles. EXPANSION PLANSRedwood Materials, founded in 2017 by ex-Tesla executive Straubel, is on a path to become one of the world’s largest recyclers and re-manufacturers of battery materials, including copper, lithium, cobalt and nickel. Redwood Materials said it will supply copper foil from Nevada to Panasonic (6752.T) for battery cells produced at the Nevada Gigafactory that Panasonic jointly operates with Tesla. Redwood Materials has supply agreements with a number of manufacturers, including Ford, Toyota Motor (7203.T) and Volkswagen Group (VOWG_p.DE).

☆ Redwood Materials scores a new $2 billion loan to build out battery recycling facility in Nevada
▼ + stars: | 2023-02-09 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Redwood Materials was founded by former Tesla CTO and cofounder JB Straubel in 2017 during his tenure at Elon Musk's car company. The battery-recycling startup will use the funding to build and expand its battery recycling facility outside of Reno, Nevada. Redwood Materials has attained a $2 billion loan commitment from the Department of Energy, the agency announced on Thursday via its loan programs office. As CNBC previously reported, last year Redwood Materials struck a multi-billion dollar deal with Tesla supplier Panasonic. Redwood Materials has a pilot line up and running for production of anode copper foil in Nevada already.

☆ U.S.-sourced EV batteries still far away, says Redwood's JB Straubel
▼ + stars: | 2023-02-09 | 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 EmailU.S.-sourced EV batteries still far away, says Redwood's JB StraubelPhil LeBeau with JB Straubel, Redwood Materials CEO, joins 'The Exchange' to discuss the EV battery sourcing race.

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