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☆ Rays tie Orioles atop AL East with latest win
▼ + stars: | 2023-09-16 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/54] Sep 15, 2023; Baltimore, Maryland, USA; Baltimore Orioles third baseman Gunnar Henderson (2) singles against the Tampa Bay Rays during the first inning at Oriole Park at Camden Yards. Flaherty struck out Josh Lowe but Margot lined a single to left, scoring Arozarena to make it 2-0. Rene Pinto singled leading off the Tampa Bay fifth and went to third on a single by Yandy Diaz. Back-to-back doubles by Josh Lowe and Margot made it 4-0 in the sixth before Taylor Walls reached on a bunt single. Bryan Baker came on to face Ramirez, who sent Baker's first-pitch fastball out to left-center and the Rays led 7-0.

Persons: Gunnar Henderson, Scott Taetsch, Zac Eflin, Harold Ramirez, Brandon Lowe, Manuel Margot, Randy Arozarena, Heston Kjerstad, Jack Flaherty, Eflin, Arozarena, Isaac Paredes, Flaherty, Josh Lowe, Margot, Rene Pinto, Yandy Diaz, Jacob Webb, Brandon Lowe flied, Pinto, Taylor Walls, Bryan Baker, Ramirez, Baker's Organizations: Baltimore Orioles, Tampa Bay Rays, Camden Yards, American League East, Rays, Orioles, American League's, Baltimore, Tampa Bay, Thomson Locations: Baltimore , Maryland, USA, American

☆ Arm’s shares seen as a shoo-in for Nasdaq 100, though S&P 500 unlikely
▼ + stars: | 2023-09-15 | by ( Suzanne Mcgee And Lewis Krauskopf | ) www.reuters.com time to read: +4 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Sept 15 (Reuters) - Newly publicly traded company Arm Holdings is poised to be added to popular indexes such as the tech-heavy Nasdaq 100, although inclusion in the S&P 500 is unlikely, analysts said. Shares of the British chip designer closed up 24.7% in their Nasdaq debut on Thursday, giving it a market value of $65 billion. “The Nasdaq 100 is the most likely widely followed index for the company to get added into,” said Todd Rosenbluth, Head of Research at VettaFi. However, inclusion in the Nasdaq 100 may take time for Arm shares. Inclusion of Arm shares in the S&P 500, which is the standard benchmark for the U.S. stock market, is far less certain, analysts said.

Persons: Rene Haas, Brendan McDermid, ”, Todd Rosenbluth, Russell, Todd Sohn, Sohn, Jeffrey DeMaso, Dow Jones, Lois Gregson, Suzanne McGee, Lewis Krauskopf, Ira Iosebashvili, Nick Zieminski Organizations: Nasdaq, REUTERS, Arm Holdings, Fund, Nvidia, Research, Lucid, ARM, Vanguard Investment, VanEck Semiconductor, Software, FactSet, Thomson Locations: New York, U.S, British, VettaFi

Arm executives and CEO Rene Haas gather outside Nasdaq Market site, as Softbank's Arm, chip design firm, holds an initial public offering (IPO), in New York, U.S., September 14, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 15 (Reuters) - Shares of SoftBank's Arm Holdings closed a volatile session lower on Friday, a day after a stellar Nasdaq debut that valued the British chip designer at $65 billion. The stock fell 4.5% to end at $60.75, after trading as high as $69 earlier in the session. The Nasdaq (.IXIC) was down 1.6% and the S&P 500 (.SPX) fell 1.2%, while an index of semiconductors (.SOX) sank 3%. Analysts said further trading volatility in Arm may be seen if the company draws more interest from AI-focused retail investors.

Persons: Rene Haas, Brendan McDermid, chipmakers, Arm's, Randy Frederick, Charles Schwab, Rick Meckler, Sophie Lund, Yates, Hargreaves Lansdown, Financials, Michael Ashley Schulman, Needham, Manya Saini, Caroline Valetkevitch, Saqib Iqbal Ahmed, Niket Nishant, Arun Koyyur, Grant McCool Organizations: Nasdaq, REUTERS, Arm Holdings, Major U.S, Cherry Lane Investments, Analysts, Graphics Arm, Running, Capital Advisors, Nvidia, Reuters Graphics, Thomson Locations: New York, U.S, British, Austin , Texas, New Vernon , New Jersey, Bengaluru

☆ CNBC Daily Open: Arm’s surge lends helping hand to banks
▼ + stars: | 2023-09-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Michael M. Santiago | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In the same vein, when Arm experienced a flush of wellbeing, it radiated through markets' entire body, giving them their best day in weeks. The S&P 500 advanced 0.84%, its best showing in around two weeks, and the Nasdaq Composite gained 0.81%. "You've got the perfect framework of inflation heading in the right direction, but the economy not falling apart," Hogan said.

Persons: Rene Haas, Michael M, Hogan, JPMorgan Chase, Morgan Stanley, Goldman Sachs, Goldman, Goldman —, assuaged, You've Organizations: GM, Arm, Nasdaq, Santiago, Getty, CNBC, Riley, Big, JPMorgan, Tech, Dow, PPI Locations: New York City, U.S

☆ CNBC Daily Open: Arm’s spectacular day lends helping hand to banks
▼ + stars: | 2023-09-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The long reach of ArmArm shares surged almost 25% on its first day of trading on New York's Nasdaq, and a further 6% in extended trading. "ECB interest rates have reached levels that … will make a substantial contribution to the timely return of inflation to the target," the bank's council said. Focus on the coreThe U.S. producer price index, which measures wholesale prices, rose a seasonally adjusted 0.7% in August — far more than the 0.4% estimate — and 1.6% from a year earlier.

Persons: Rene Haas, —, Berkshire Hathaway, Yun Li Organizations: Arm Ltd, Nasdaq, CNBC, U.S, Dow Jones, EU, ECB, PPI, HP Warren, HP Locations: New York, U.S

☆ SoftBank's Arm by the numbers
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +3 min

Arm CEO Rene Haas rings the opening bell, as Softbank's Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023. Arm says it has a 10% share in cloud computing chips, 41% in automotive chips, 25.5% in networking and 64.5% in Internet of Things. That makes Arm China, not better-known names like Apple (AAPL.O) or Qualcomm (QCOM.O), Arm's largest customer. Arm China, in which Arm itself is in effect only a minority shareholder, underwent a nearly two-year boardroom battle between its local chief and shareholders that ended last year. In its latest earnings for the June quarter, SoftBank valued Arm at $45 billion, but two months later, it bought back a 25% stake in Arm that had been owned by SoftBank's investment vehicle, the Vision Fund, at a $64 billion valuation.

Persons: Rene Haas, Brendan McDermid, Group's, Arm, SoftBank, Anton Bridge, Miyoung Kim, Kim Coghill Organizations: Nasdaq, REUTERS, Arm Holdings, Apple, Qualcomm, SoftBank, Nvidia, Devices, Intel, Samsung Electronics, Vision, Thomson Locations: New York, U.S, United States, China, CHINA, Tokyo

BALTIMORE (AP) — Zach Eflin and two relievers combined on a two-hitter, Brandon Lowe and Harold Ramírez homered, and the Tampa Bay Rays beat the Baltimore Orioles 7-1 on Friday night to pull into a virtual tie atop the AL East. “He was pretty outstanding,” Tampa Bay manager Kevin Cash said. “I think pretty much everything felt pretty good,” Eflin said. The teams combined for two baserunners in the first three innings before Tampa Bay got to Baltimore starter Jack Flaherty. UP NEXTRays: RHP Tyler Glasnow (9-5, 3.15 ERA) is 0-1 with a 6.35 ERA in two starts against Baltimore this season.

Persons: — Zach Eflin, Brandon Lowe, Harold Ramírez, Heston Kjerstad, Kevin Cash, “ He’s, Gunnar Henderson, Isaac Paredes ’, Anthony Santander, ” Eflin, ”, Matt Garza’s, Kjerstad, “, Brandon Hyde, René, Pinto, Jake Diekman, Aaron Hicks, Cedric Mullins ’, Chris Devenski, Jack Flaherty, Lowe, Manuel Margot, Flaherty, Jacob Webb, Luke Raley, Bryan Baker’s, Ramírez, Félix Bautista, Hyde, Ryan Mountcastle, JONES, Former Baltimore OF Adam Jones, Jones, RHP Tyler Glasnow, RHP Grayson Rodriguez, ___ Organizations: BALTIMORE, Tampa Bay Rays, Baltimore Orioles, East, Baltimore, Orioles, Rays, Kjerstad, Tampa, Former Baltimore OF, NEXT Rays Locations: Tampa, Tampa Bay, ” Baltimore, Baltimore

☆ Arm is trading at a premium to Nvidia after IPO pop even though it's a 'no-growth company'
▼ + stars: | 2023-09-14 | by ( Ari Levy | ) www.cnbc.com time to read: +5 min

Arm CEO Rene Haas and executives cheer, as Softbank's Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023. Arm's Nasdaq debut on Thursday looks good for SoftBank, which just spun the company out after acquiring it in 2016. The UK-based chip design company saw its stock jump 25% to $63.59 after its IPO, lifting the company's fully diluted market cap to almost $68 billion. For now, there's not a big open market for Arm's stock. Of the $4.9 billion worth of shares SoftBank sold, $735 million were purchased by a group of strategic investors including Apple , Google , Nvidia, Samsung and Intel .

Persons: Rene Haas, Jay Ritter, there's, SoftBank, Masayoshi Son, We've, CNBC's David Faber, Matt Oguz, it's, —, Oguz, Kif Leswing, SoftBank's Masayoshi, Arm's Rene Haas Organizations: Nasdaq, Wall, Nvidia, Semiconductor, U.S, University of Florida, Apple, Google, Samsung, Intel, Venture Science, AMD Locations: New York, U.S

☆ ARM lifts Nasdaq ahead of NYSE on IPO capital raises
▼ + stars: | 2023-09-14 | by ( Laura Matthews | ) www.reuters.com time to read: +2 min

[1/2] Arm CEO Rene Haas looks on, as Softbank's Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023. So far this year, 68 traditional U.S. IPOs on Nasdaq have raised $8.6 billion, surpassing $6.4 billion for NYSE, the data released on Thursday showed. "Today has been a milestone day for Nasdaq with Arm being the largest IPO of the year. Shares in SoftBank's Arm Holdings soared almost 25% above their Nasdaq debut price on Thursday, rekindling investor hopes for a turnaround in the moribund market for initial public offerings (IPO). This year, Nasdaq has won 87% of U.S. IPOs listings, and has led its rival for 38 consecutive quarters according to its own data.

Persons: Rene Haas, Brendan McDermid, Karen Snow, Owen Lau, Laura Matthews, Richard Chang Organizations: Nasdaq, REUTERS, New York Stock Exchange, IPOs, NYSE, Arm Holdings, Oppenheimer, Co, Thomson Locations: New York, U.S

☆ Arm’s $52 bln IPO value sets stage for a fall
▼ + stars: | 2023-09-14 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

Arm’s IPO investors are effectively paying a slight premium while also betting that both growth and profitability are about to soar. Haas could then charge higher royalty rates. In the last calendar year, the company estimated that its royalty revenue equated to 1.7% of total worldwide spending on Arm-based chips. It’s not clear how many important Arm customers like Apple (AAPL.O), Nvidia (NVDA.O) and Samsung Electronics (005930.KS) have agreed to pay higher royalty rates. Nor will rising royalty rates necessarily compensate for possibly ongoing sluggish sales of smartphones, its key historic market.

Persons: Rene Haas, Haas, It’s, SoftBank, Liam Proud, Sharon Lam Organizations: Reuters, SoftBank Group, Cadence Design Systems, Apple, Nvidia, Samsung Electronics, Reuters Graphics Reuters, Thomson Locations: KS, British, New York

☆ Arm CEO: China business reflects growth we see in the rest of the world
▼ + stars: | 2023-09-14 | 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 EmailArm CEO: China business reflects growth we see in the rest of the worldRene Haas, Arm CEO, and Masayoshi Son, SoftBank chairman & CEO, join 'Squawk Box' to discuss Haas' thoughts on the company's global business, Son's sense of the risk of doing business in China, and more.

Persons: Rene Haas, Haas Organizations: Arm Locations: China

SoftBank CFO Yoshimitsu Goto and Arm Holdings CEO Rene Haas pose for a photo at the Nasdaq MarketSite on September 14, 2023 in New York City. Shares of chip design company Arm Holdings started trading on the Nasdaq Thursday morning in a long-anticipated IPO at a share price of $56.10, valuing the company at $59.9 billion. Arm Holdings sold around 95.5 million shares on the Nasdaq. Softbank, which took the company private in 2016, will control around 90% of Arm's shares outstanding. At a $54 billion valuation, Arm's price-to-earnings multiple would be about 104 based on the most recent fiscal year profit.

Persons: Yoshimitsu Goto, Rene Haas, Arm, Masayoshi Son Organizations: Arm, Nasdaq, Arm Holdings, Apple, Google, Samsung, CNBC Locations: New York City, British

☆ Arm China 'doing well,' CEO says, even as SoftBank's Masa Son reduces China exposure
▼ + stars: | 2023-09-14 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

You can watch David Faber's interview with Arm CEO Rene Haas and SoftBank CEO Masayoshi Son live on CNBC Pro. But SoftBank CEO Masayoshi Son, who made a fortune through Chinese juggernaut Alibaba , said SoftBank had reduced its "exposure in China" by a significant amount. Neither Arm nor SoftBank, which acquired Arm for $32 billion in 2016, directly control their China subsidiaries. Arm now only directly owns around 5% of Arm China, but the group still accounts for nearly a quarter of Arm's fiscal 2023 revenue, according to pre-offering filings. Son was focused on SoftBank's stake in Alibaba, which SoftBank has been reducing steadily over the last few years.

Persons: David Faber's, Rene Haas, Masayoshi, Masayoshi Son, Alibaba, SoftBank, Biden, Son, CNBC's David Faber, ByteDance Organizations: CNBC Pro, Arm, CNBC, Nasdaq, Intel, Nvidia, Vision, U.S Locations: China, Alibaba, SoftBank

NEW YORK (AP) — Shares of U.K. chip designer Arm Holdings rose 10% in their stock market debut, in what is the largest initial public offering of shares in nearly two years. Arm's offering is an important development for the IPO market, which has seen relatively few companies go public the past two years. Nearly 400 companies went public in 2021 as the stock market rallied for a third straight year, according to IPO tracker Renaissance Capital. Arm was previously a public company from 1998 to 2016. Goldman is one of the lead underwriters for the Arm IPO, as well as an offering from grocery delivery service Instacart, expected next week.

Persons: It's, Goldman Sachs, Rivian, Masayoshi Son, Softbank, Son, Rene Haas, Haas, Goldman, ___ Kageyama Organizations: Arm Holdings, Nasdaq, Renaissance, Federal Reserve, SoftBank, Nvidia, University of California, underwriters Locations: University of California Berkeley, IPOs, Wall, Tokyo

☆ Watch CNBC's full interview with Softbank CEO Masayoshi Son and Arm CEO Rene on Arm's IPO
▼ + stars: | 2023-09-14 | 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 EmailWatch CNBC's full interview with Softbank CEO Masayoshi Son and Arm CEO Rene on Arm's IPOArm CEO Rene Haas and Softbank CEO Masayoshi Son sit down with CNBC's David Faber exclusively ahead of the company's blockbuster IPO. Together they discussed expectations for the public markets, China, business outlook and competition.

Persons: Masayoshi, Rene, Rene Haas, Masayoshi Son, CNBC's David Faber Locations: China

☆ SoftBank's Arm soars in market debut to notch $60 bln valuation
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +3 min

Arm executives and CEO Rene Haas gather outside Nasdaq Market site, as Softbank's Arm, chip design firm, holds an initial public offering (IPO), in New York, U.S., September 14, 2023. REUTERS/Brendan McDermid Acquire Licensing RightsSept 14 (Reuters) - Shares in SoftBank's Arm Holdings ARM.O opened 18% above their offer price in their Nasdaq debut on Thursday, valuing the British chip designer at nearly $60 billion in its return to the public markets after seven years. The stock opened at $56.10 per American Depositary Share compared with the initial public offering (IPO) price of $51, and steadily extended gains to just over $60. "The Arm IPO is the most hyped listing we've had in the markets for a while." Compiled by the Global Finance & Markets Breaking News teamOur Standards: The Thomson Reuters Trust Principles.

Persons: Rene Haas, Brendan McDermid, SALMAN MALIK, ANSON, ” OWEN LAU, JORDAN STUART, “, ” “, ’ ” DANIEL KLAUSNER, HOULIHAN, haven't, ”, ” KYLE RODDA, ANDREW Organizations: Nasdaq, REUTERS, Holdings ARM.O, OPPENHEIMER, FEDERATED HERMES, OF, PUBLIC, ROSENBLATT, Global Finance, Markets, Thomson Locations: New York, U.S, “

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMila Kunis-backed 'Stoner Cat' NFT animated series fined $1 million by SEC: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Rene Reinsberg of Celo breaks down the company's new wallet in partnership with Opera.

Persons: Mila Kunis, explainers, Rene Reinsberg Organizations: SEC, CNBC Crypto, CNBC, Opera

☆ Celo's Rene Reinsberg weighs in on shifting crypto sentiment around the world
▼ + stars: | 2023-09-13 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCelo's Rene Reinsberg weighs in on shifting crypto sentiment around the worldRene Reinsberg, a co-founder of Celo, breaks down Opera's new wallet built on the Celo blockchain. He also reacts to the effort of U.S. crypto firms to expand internationally.

Persons: Rene Reinsberg

☆ Arm, a British Chip Designer, Juggles Challenges Before 2023’s Biggest I.P.O.
▼ + stars: | 2023-09-12 | by ( Don Clark | ) www.nytimes.com time to read: +1 min

He reports to Masayoshi Son, the head of SoftBank, which owns Arm and plans to sell a portion of the British company this week in the year’s biggest initial public offering. And Mr. Haas must juggle the demands of more than 200 companies that use Arm’s technology. Ten of the biggest — including Apple, Google, Samsung and Nvidia — have been negotiating for stakes in the highly anticipated Arm offering as artificial intelligence drives explosive demand for more powerful chips. “It’s only going to get more and more complex,” Mr. Haas said in a speech in May at a trade show in Taiwan. How Arm performs will also influence the market for public listings, which has been quiet for much of the year.

Persons: Rene Haas, Masayoshi, Rishi Sunak, Haas, It’s, Mr, “, I’ve Organizations: Officials, Apple, Google, Samsung, Nvidia Locations: British, Beijing, Washington, Taiwan

☆ Robin Roberts and Amber Laign Speak ‘Freely, Openly and Passionately’ About Their Love
▼ + stars: | 2023-09-11 | by ( Sadiba Hasan | ) www.nytimes.com time to read: +1 min

On a recent Thursday morning, after ABC’s “Good Morning America” had finished its broadcast, Robin Rene Roberts and Amber Laign sat in the corner table of a restaurant a couple hundred feet away from the studio. They were giddy because their wedding day was two weeks away, and they were excited to share their love story. And Ms. Laign wasn’t always comfortable stepping into the public eye. But now, the couple are embracing the spotlight. On Friday, Sept. 8, they married in their home in Farmington, Conn., and they sat down with The New York Times for an exclusive interview about their journey together.

Persons: ABC’s, America ”, Robin Rene Roberts, Amber Laign, “, I’d, ”, Roberts, Ms, Roberts wasn’t, Laign wasn’t Organizations: America, New York Times Locations: Mississippi, New York City, Farmington , Conn

☆ The Natural-Born Diplomat Behind This Year’s Biggest IPO
▼ + stars: | 2023-09-09 | by ( Asa Fitch | Corrie Driebusch | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, rene, haas Organizations: nvidia

☆ Rays hope to build on momentum against Mariners
▼ + stars: | 2023-09-09 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

The Rays have 20 games to go and sit four games back of the first-place Baltimore Orioles in the competitive American League East. "I think everybody is just focused because we need to win and win no matter what," Ramirez said. But if the Mariners continue to falter and frustration continues to build, it could derail some of the success that Seattle has established throughout the season. Rays right-hander Aaron Civale (7-3, 2.76 ERA) is set to make his 20th start of the season. Mariners right-hander Luke Weaver (2-5, 6.71 ERA) likely will receive the bulk of the workload as the bullpen looks to fill nine innings.

Persons: Rene Pinto, Harold Ramirez, Isaac Paredes, Ramirez, We're, George Kirby, Kirby, Scott Servais, Aaron Civale, Civale, Servais, Bryan Woo's, Luke Weaver, Weaver Organizations: Tampa Bay Rays, Seattle Mariners, Tampa Bay, Seattle, Rays, Baltimore Orioles, American League East, Mariners, Houston Astros, Texas Rangers, AL West, Houston, Cleveland Guardians, Cleveland, Cincinnati Reds, Thomson Locations: St . Petersburg, Fla, Tampa, Tampa Bay, Seattle, Texas, Civale

Weak mobile demand during a global economic slowdown has caused Arm's revenue to stagnate. The future growth driver is to expand market share in the Windows PC market," said Ryuta Makino, a research analyst at Gabelli Funds. ARM China has a history of late payments and presents "significant risks" to Arm's business, the company's IPO filing said. Arm said in the filing that it was owed $386.9 million by Arm China as of the end of March. Arm's chief financial officer has told investors during the marketing of the IPO that the company was not concerned about being paid back.

Persons: Dado Ruvic, Rene Haas, Ryuta Makino, Arm, Echo Wang, Svea, Bayliss, Max Cherney, Greg Roumeliotis, Richard Chang Organizations: REUTERS, Arm Holdings, stagnate, Vision Fund, Apple Inc, Nvidia Corp, Inc, Apple, Windows, Gabelli, Sales, ARM, Arm, Svea Herbst, Thomson Locations: China, United States, Arm China, ARM China, New York, San Francisco

☆ Mexico's Sheinbaum eyes historic presidency as guardian of Lopez Obrador legacy
▼ + stars: | 2023-09-07 | by ( Dave Graham | ) www.reuters.com time to read: +5 min

[1/5] Former Mexico City Mayor Claudia Sheinbaum gestures as she speaks on the day of the announcement of the results of an internal national polling which declared Sheinbaum as the presidential candidate, in Mexico City, Mexico September 6, 2023. loadingSheinbaum and her mentor, President Andres Manuel Lopez Obrador, a trenchant critic of the establishment before he took power, would not meet until years later. On Wednesday, MORENA said Sheinbaum, who in June stood down as Mexico City mayor to pursue the nomination, would be its candidate to succeed Lopez Obrador. Lopez Obrador regularly lambasts adversaries at daily news briefings. Lopez Obrador appointed Sheinbaum city environment minister, and she became a close ally.

Persons: Mexico City Mayor Claudia Sheinbaum, Sheinbaum, Raquel Cunha, Claudia Sheinbaum, Andres Manuel Lopez Obrador, MORENA, Lopez Obrador, Marcelo Ebrard, Xochitl Galvez, Antonio Ocaranza, Ernesto Zedillo, Carlos Salinas, Mexico's, Salinas, Lopez, Rene Cervera, Ebrard, Cervera, Dave Graham, Diego Ore, Aurora Ellis Organizations: Mexico City Mayor, REUTERS, Trade, National Regeneration, Mexico City, Reuters, Stanford University, Institutional Revolutionary Party, Thomson Locations: Mexico City, Mexico, MEXICO, Mexican, Tabasco, MORENA

☆ Christie’s cancels auction of jewelry linked to Nazi-era fortune
▼ + stars: | 2023-09-05 | by ( Christy Choi | ) edition.cnn.com time to read: +3 min

CNN —The sale of over 400 pieces of jewelry once owned by late art collector Heidi Horten broke records at a series of auctions earlier this year. But amid ongoing criticism from Jewish advocacy groups and human rights organizations over the source of the Austrian billionaire’s wealth, Christie’s auction house announced Thursday that it has canceled the final part of the controversial sale. (Christie’s had initially predicted that Horten’s entire collection, featuring over 700 jewels, would sell for over $150 million.) Prior to May’s sales, the American Jewish Committee had called for the auction to be put on hold until “a serious effort” was made to investigate the Hortens’ wealth. The Heidi Horten Collection did not respond to CNN’s request for comment.

Persons: Heidi Horten, Helmut, ” Christie’s, ”, ” Anthea Peers, Christie’s, Van, Helmut Horten, Forbes Organizations: CNN, American Jewish Committee, Twitter, Washington D.C, ” Locations: Austrian, Nazi Germany, German, Europe, East, Africa, Geneva, Switzerland, Nazi, Washington, Vienna, Austria

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