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The US Department of Justice is expected to recommend that marijuana be rescheduled as a Schedule III controlled substance, a classification shared by prescription drugs such as ketamine and Tylenol with codeine. The standard rulemaking process is lengthy, is subject to a public comment period, and could take months to complete. However, rescheduling marijuana will not solve that federal-state conflict, the Congressional Research Service noted in a January 16 brief. States with medical marijuana programs do currently have some federal protections in place via appropriations legislation that restricts the Justice Department from interfering in those programs. The FDA’s scientific and medical evaluation of marijuana did not address products containing plant-derived cannabidiol, commonly known as CBD.
Persons: CNN —, Biden, General Merrick Garland, Joe Biden Organizations: CNN, US Department of Justice, Associated Press, White, Office of Management, US Health, Human Services, Food and Drug, Justice Department, Staff, National Institute on Drug, Delta, National Conference of State Legislatures, Congressional Research Service, CRS Locations: Colorado
The Employment Cost Index rose a seasonally adjusted 1.2% last quarter, faster growth than the 0.9% increase the prior quarter, according to Bureau of Labor Statistics data released Tuesday. On an annual basis, the index that measures changes in wages and benefits was unchanged at 4.2% for the year ending in March. Economists had expected quarterly growth to come in at 0.9% and for annual gains to slow to 4%. The Federal Reserve is closely monitoring the trajectory of wage gains as there’s a concern that accelerated compensation growth may serve as an inflation pressure. The index also includes controls for changes in the composition of employment, essentially measuring wage costs for the same jobs over time.
Persons: , Economists Organizations: CNN, of Labor Statistics, Dow, Nasdaq, Federal, Fed
Tony Awards Nominations 2024: The Complete List
  + stars: | 2024-04-30 | by ( Rachel Sherman | ) www.nytimes.com   time to read: +1 min
The Tony Awards nominators didn’t have much time. This year, in a crush of openings, 12 Broadway shows opened in the nine days before the eligibility deadline. (To qualify, a Broadway show must have opened between April 28, 2023, and April 25, 2024.) In a spread of achievements, 28 of the 36 eligible shows picked up at least one nomination. “Stereophonic” also triumphed for its ensemble acting: five of its seven performers were singled out for individual acting nominations.
Persons: Tony, Jesse Tyler Ferguson, Renée Elise Goldsberry, “ Hamilton, , Alicia Keys’s, David Adjmi’s, Daniel Radcliffe, Jeremy Strong, Rachel McAdams, Mary Jane ”, Sarah Paulson Organizations: Broadway, CBS, Locations: livestream
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It’s expected to become a Schedule III controlled substance, a classification shared by prescription drugs such as ketamine and Tylenol with codeine. Here’s what else you might have missed during your busy day:5 thingsKeith Davidson, who represented Stormy Daniels and Karen McDougal, is questioned. Jane Rosenberg1️⃣ Trump on trial: Donald Trump removed the online posts that a judge ruled violated his gag order in the New York criminal hush money case. The former president also was fined $9,000, and a former attorney who represented Stormy Daniels and Karen McDougal testified. 5 Things PM is produced by CNN’s Tricia Escobedo, Meghan Pryce and Kimberly Richardson.
Persons: ane R, Ed, bil, Lis, r., Gupta, Loo, Cheng S Organizations: acc, ld, CNN
CNN —A showdown between Mexico and Ecuador begins on Tuesday at the International Court of Justice (ICJ), the culmination of weeks of recrimination over an incident that saw Ecuadorian forces raid Mexico’s embassy in Quito in April, to arrest a former vice president who had been seeking asylum. Mexico is suing Ecuador at the world court over the armed raid, saying it violated the Vienna Convention, a United Nations treaty on diplomatic relations. The incident drew widespread international condemnation, but Ecuador’s President Daniel Noboa remains unrepentant, telling CNN affiliate SBS news that he does not regret how Glas was arrested. Meanwhile, Ecuador filed a lawsuit of its own at the ICJ against Mexico over its decision to grant asylum to Glas. The diplomatic spat has seen a host of Latin American leaders across the political spectrum rally around Mexico, and several nations sever ties with Ecuador.
Persons: Jorge Glas, Ecuador’s, Daniel Noboa, Glas, Mexico’s, Andrés Manuel López Obrador, Julian Assange, Alicia Barcena, Noboa, , El, Bukele, Rafael Correa, Correa, CNN’s Abel Alvarado Organizations: CNN, International Court of Justice, Vienna Convention, United, UN, SBS, ICJ, Mexico, Ecuadorian Embassy, Mexican, SBS News, National Assembly Locations: Mexico, Ecuador, Quito, Vienna, United Nations, Mexican, Glas, Ecuador’s, London, Latin America
New York CNN —The Federal Reserve’s favorite inflation reading is due Friday morning. Investors are nervously awaiting the report after first-quarter US GDP came in softer than expected Thursday. Stocks tumbled as the slowdown in GDP, coupled with stubbornly high inflation data, stoked fears of stagflation. Wall Street earlier this year expected that the central bank would ease rates as many as six times in 2024, beginning in March. Yellen said the weaker reading was not “concerning,” mentioning that measures of underlying growth were strong in Thursday’s report.
Persons: Stocks, , Ayako Yoshioka, Janet Yellen, Alessandra Galloni, Alicia Wallace, ” Yellen, , we’ve, Yellen, Read, Freddie Mac, Bryan Mena, Lawrence Yun Organizations: CNN Business, Bell, New York CNN, Gross, Commerce Department, Atlanta, Fed, Thursday’s, Group, Traders, Bank of America, Reuters, National Association of Realtors Locations: New York, Yellen
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Yellen: US economy strong, not overheated
  + stars: | 2024-04-25 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +3 min
Yellen on Thursday was interviewed by Reuters’ editor in chief Alessandra Galloni as part of the news organization’s NEXT Newsmakers series. “The economy is clearly performing very well,” Yellen said. Yellen said the weaker reading was not “concerning,” mentioning that measures of underlying growth were strong in Thursday’s report. Economic growth has remained historically strong in the face of elevated inflation, high interest rates and geopolitical tensions. “I believe the fundamentals here are in line with inflation continuing downward toward a normal level,” Yellen said.
Persons: Janet Yellen, Alessandra Galloni, ” Yellen, , Yellen, Joe Biden, Katherine Tai, Tai Organizations: CNN, Reuters, Commerce Department, Federal Reserve, US Trade Locations: Yellen, Ukraine, US, China
What it’s like to be a ‘glass child’
  + stars: | 2024-04-23 | by ( Taylor Nicioli | ) edition.cnn.com   time to read: +11 min
Meneses Maples refers to herself as an adult “glass child,” the sibling of a person with a mental or physical disability. How does a glass child disappear? It is important not to assume what the needs of a glass child are, said Missud, the New York psychotherapist. More than a decade after her TEDx presentation, Meneses Maples receives messages from parents of glass children seeking her advice. Meneses Maples said she hopes to inspire research on glass children by spreading the word through presentations and workshops.
Persons: Alicia Meneses Maples, David, Mario, Meneses Maples, didn’t, , ” Meneses Maples, Antonio TEDx, Debbie Missud, Emily Holl, Missud, ” Holl, , Holl, David couldn’t, Mario didn’t, , Shelley Cook, Laura Oliverio, Cook, Andrea, ” Cook, Cook didn’t, Shelley Cook “, Al Freedman, Freedman, Jack, Cara, Jack didn’t, ” Freedman, wasn’t, Alicia, Mario Meneses, Alicia Meneses Maples Meneses Maples, ‘ Alicia, ’ ” Meneses Maples, ’ ”, Organizations: CNN, Hulu’s, Suncoast, Disney, Cure SMA Locations: Chicago, Antonio, New York City, Glenwood Springs , Colorado, York
CNN —It seems like there’s nothing Nigerian music star Simi can’t do. A singer, songwriter, and one of the few women mixing and producing their own music, Simi is setting the stage for the future of Afropop and soul. Opening for 15-time Grammy-winning vocal powerhouse Alicia Keys on her 2023 tour and making waves on the Billboard World Album Charts has garnered Simi international stardom. Simi, whose real name is Simisola Bolatito Kosoko, began her career as a gospel singer, releasing her first album “Ogaju” in 2008. She followed up with her second studio album, “Simisola,” which peaked at No.
Persons: Simi can’t, Simi, Alicia Keys, Kosoko, Simi “ didn’t, , CNN’s Larry Madowo, ” Simi, , Afropop “, Tiwa Savage, Adekunle Gold, Coco Jones, Doja, “ I’m Organizations: CNN, Simi, Kodak Locations: Lagos, Nigeria, Ojuelegba, North America, Nigerian
CNN —Netflix, the dominant player in streaming, says it grew sales, profits and added more than 9 million subscribers as it revealed first-quarter results on Thursday. In total, Netflix now has 269.6 million subscribers, a record high. In recent months, Netflix has made moves to expand and even radically reinvent its business in an effort to juice profit. In January, Netflix announced it had acquired the exclusive rights to "WWE Raw" live, currently seen on Comcast's USA cable network. In January, Netflix’s president of advertising, Amy Reinhard, shared that Netflix’s ad-tier had more than 23 million users.
Persons: , eMarketer, Ross Benes, Wall, Peacock, ” Alicia Reese, , Greg Peters, ” Reese, Reese, Robert Falconer, Amy Reinhard, Peters, We’ve Organizations: CNN, Netflix, Disney, Max, Warner Bros, City, Wedbush Securities, WWE, USA, Rockstar Locations: Hulu, United States
CNN —Netflix, the dominant player in streaming, is expected to announce its first-quarter results on Thursday after enjoying months as a Wall Street darling. But much of the company’s past growth and success, analysts say, has come from its old, well-established business model. In recent months, Netflix has made moves to expand and even radically reinvent that business. Last year, Netflix made a particularly risky bet by pushing users who share passwords to create their own accounts — but that paid off. Netflix’s reinventionFor Netflix, last month’s Oscars were a disappointment: Though the streaming service led its rivals in nominations, it took home just one award, for best live-action short film.
Persons: Peacock, , Ross Benes, ” Alicia Reese, , Greg Peters, ” Reese, Reese, Robert Falconer, Amy Reinhard, “ I’m, Peters, We’ve Organizations: CNN, Netflix, Disney, Max, Warner Bros, City, Wedbush Securities, WWE, USA, Rockstar Locations: Hulu, eMarketer, United States
Prince Harry and Meghan Markle seem like lovely people. Netflix dropped "Pearl," an animated children's series Meghan created through her and Harry's production company, Archewell Productions, before it even premiered. The audio-streaming company signed a deal with Harry and Meghan in 2020 reportedly worth $20 million. As Michael Pachter, a managing director at Wedbush Securities who's covered movies, entertainment, and tech for two decades, explained, it's because they've still got that $100 million deal. A public breakup with Meghan and Harry may also be a mess Netflix doesn't want to deal with.
Persons: Prince Harry, Meghan Markle, Duke, Duchess, Meghan, Harry, didn't, Michael Pachter, Wedbush Securities who's, they've, Michelle Obama, Ryan Murphy, Shonda, Pachter, there'll, Markle, Harry won't, They're, Jason Bateman, Will Arnett, Sean Hayes, Joe Rogan's, Magic Johnson, Chevy, Reese Witherspoon, LeBron James, Alicia Silverstone, Nicolas Cage, Demi Moore, Gayle King, Charles Barkley, She's, TIG, Emily Stewart Organizations: Netflix, Florida ., Archewell Productions, Street, Spotify, Wedbush Securities, Chevy Chase, Media, Hollywood, CNN, Archewell, Business Locations: Sussex, Florida, Plenty, British
The WNBA’s stars aren’t asking to be paid an equal dollar amount to NBA players, however. WNBA players have made progress on salaries since 2020, when they reached their latest collective bargaining agreement with the league. Sharing the revenue pieBecause it’s a smaller and younger league, women’s players have had less bargaining power with team owners over their pay than men. While NBA players receive 50% of total NBA revenue, the WNBA must hit a certain revenue threshold annually before any revenue sharing agreements kick in. This has held back women’s salaries.
Persons: Caitlin Clark, Clark, Angel Reese, ” Terri Jackson, David Berri, Kelsey Plum, Griner, Jackson, ” Jackson, “ It’s, , Alicia Jessop, “ That’s, ” David Berri, David Stern, , Berri, Cathy Engelbert, ” Breanna Stewart Organizations: New, New York CNN, NBA, National Basketball Association, Women’s National Basketball Association, University of Iowa, Louisiana, NCAA, WNBA, ’ Association, CNN, Southern Utah University, Las Vegas Aces, , Phoenix Mercury, , Pepperdine University, longtime, New York Liberty Locations: New York, men’s, Russia
Read previewHenry Cavill has moved past his scrapped Superman return and onto new projects, but he can still crack jokes about what could have been. In his introductory remarks before a screening of his new Guy Ritchie movie "The Ministry of Ungentlemanly Warfare" attended by Business Insider, Cavill made a subtle dig at his Man of Steel drama with DC Studios and WB. While praising his collaboration with Ritchie, Cavill noted that he'd worked with the director before, when he had a lead role in the 2015 spy film "The Man from U.N.C.L.E." I will, after all, not be returning as Superman," Cavill wrote. He also reunited with Ritchie already for the director's upcoming 2025 film "In the Grey," which will also re-team him with his "Ministry of Ungentlemanly Warfare" costar Eiza González.
Persons: , Henry Cavill, Guy Ritchie, Cavill, Ritchie, he'd, Armie Hammer, Alicia Vikander, King Arthur :, Charlie Hunnam, who'd, King Arthur, he's, Adam, Dwayne, Johnson, Zack Snyder's, James Gunn, Peter Safran, Henry, Gunn, Safran, James, Peter, Cavill hadn't, Gus March, Phillipps, Eiza González Organizations: Service, Business, DC Studios, WB, Ungentlemanly, Hollywood, renegades, Ministry, Lionsgate
These robust gains come after a lackluster year for energy stocks. The energy sector fell roughly 5% in 2023, underperforming the broader S&P 500’s double-digit gains as concerns about the global economy hurt energy demand. Some investors say that energy stocks are poised for more gains, given the continued geopolitical turmoil and the US economy’s resilience. Energy stocks often do well when the economy is strong, since there’s more energy demand to fuel goods- and services production. Plug Power shares have slipped 34% this year, SolarEdge Technologies shares have tumbled 25% and Enphase Energy shares have slid 8%.
Persons: Nancy Curtin, , , Bob Doll, he’s, Donald Trump, Trump, Matt Egan, ” Alex Durante, Read, Alicia Wallace, Price Organizations: CNN Business, Bell, New York CNN — Energy, Marathon Petroleum, Exxon Mobil, Occidental Petroleum, Halliburton, West Texas, Brent, Federal Reserve, Energy, RBC Capital Markets, Crossmark Global Investments, Organization of, Petroleum, Clean Energy, SolarEdge Technologies, Enphase Energy, Tax Foundation, CNN, Trump, of Labor Statistics, PPI Locations: New York, Ukraine, OPEC, China, Mexico
New York CNN —Big banks kick off earnings season Friday. “Earnings season just became significantly more important,” said JJ Kinahan, chief executive of IG North America, in a Wednesday note. On one hand, lofty rates could help pad banks’ net interest income, since they can charge a higher borrowing rate for loans and mortgages. Inflation has been a bane on Biden’s presidency, with voters consistently giving him low marks for his handling of the economy. Fed Chair Jerome Powell has said that policymakers want to see more evidence that inflation is headed toward their 2% goal.
Persons: , JJ Kinahan, JPMorgan, Wells, You’ll, Carol Schleif, Wall, Jamie Dimon, , Alicia Wallace, Friday’s, Joe Biden, ” Biden, Bryan Mena, Jerome Powell, Powell Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, IG North America, JPMorgan Chase, BlackRock, Citigroup, PNC Financial Services, BMO Family Office, Federal Reserve, Wall, Traders, Bureau of Labor Statistics, , Federal, Fed Locations: New York, Wells Fargo, pare
CNN —A key US inflation gauge rose last month to its highest level since April 2023, showing that underlying price pressures remain persistent. The Producer Price Index, a closely watched measure of inflation at the wholesale level, rose 2.1% for the 12 months ended in March, up from a 1.6% gain in February, according to Bureau of Labor Statistics data released Thursday. On a monthly basis, US wholesale prices rose 0.2%, markedly slower than the 0.6% gain in February. When stripping out the more volatile components of food and energy, the closely watched “core” index moved higher for the third consecutive month, rising to 2.4% annually, up from 2.1% the month before. Despite the increases, the annual rate of wholesale inflation (on both the overall and core level) is rising in line with what was seen in the years before the pandemic.
Persons: Price Organizations: CNN, of Labor Statistics, PPI
Some employees criticize lavish spending on events, while Spotify is trying to cut costs. Some employees think Spotify is spending too much on parties and events, especially when the company is laying off thousands of people and looking to cut more costs. However, these employees said event spending has gone too far, given the company's broader efforts at frugality. One former employee described it as the company "spending tons of money flying people to Sweden to drink the Kool-Aid." Noam Galai/Getty ImagesSome of this lavish event spending is focused on solving a problem that's loomed over Spotify for years.
Persons: , Sam Smith, Charli XCX, Gunna, Daniel Ek, Ek, Daniel Ek Dave Benett, Diplo, Spotifest, Melanie Stetson Freeman, it's, Alicia Keys, Noam Galai, Gustav Söderström Organizations: Spotify, Service, Ikea, Business, Brooklyn, Spotifest, Christian Science, Getty, company's, Apple, YouTube Locations: Drumsheds, Houston, Stockholm, New York, Sweden, New York City, York
Gas and shelter costs contributed more than half of that monthly increase, according to the BLS. Economists were expecting a 0.3% monthly increase and an annual rate of 3.4%, according to FactSet consensus estimates. The Fed has been wanting to see meaningful progress on inflation before it starts cutting rates. Excluding gas and food prices, categories that tend to be more volatile, core inflation rose 0.4% from the month before, bringing the annual rate to 3.8%, the same as February’s reading. Economists had anticipated a 0.3% monthly gain and for the annual rate to inch lower to 3.7%, according to FactSet.
Persons: ” Greg McBride, Bankrate, Economists Organizations: CNN, Federal Reserve, Bureau of Labor Statistics, BLS
CNN —Ecuadorian police stormed the Mexican embassy in Quito on Friday night to arrest a former vice president seeking asylum there, in an escalation of tensions that Mexico decried as “an outrage against international law.”Mexico’s foreign minister said the country would break off diplomatic relations with Ecuador after the arrest of former Ecuadorian Vice President Jorge Glas. The rift between the two Latin American countries had been growing since Mexico’s decision to grant political asylum to Glas, Ecuador’s former vice president under leftist ex-President Rafael Correa between 2013 and 2017. “It is impossible for them to violate the diplomatic premises as they have done.”Former Ecuador Vice President Jorge Glas speaks during an interview at his office in Quito on September 12, 2017. Dolores Ochoa/APA spokesperson for Mexico’s Secretary of Foreign Affairs Alicia Bárcena told CNNE that the country is “breaking” diplomatic relations with Ecuador and immediately removing all diplomatic personnel from the country. Mexico plans to lodge a complaint with the International Court of Justice to denounce the Ecuadorian police’s actions, she added.
Persons: , Jorge Glas, Ecuador’s, Rafael Correa, Glas, Andrés Manuel López Obrador, , X, ” Roberto Canseco, ” Canseco, Dolores Ochoa, Foreign Affairs Alicia Bárcena, CNNE, Bárcena, Canseco, Lopez, Fernando Villavicencio’s Organizations: CNN, Ecuadorian, Foreign Affairs, International Court of Locations: Quito, Mexico, Ecuador, Glas, , Mexican, Ecuadorian
Stocks rallied Friday after the latest jobs report came in piping hot. The Dow rose 307 points, or 0.8%, after climbing more than 400 points at the day's highs. Still, all three major indexes ended the week lower, starting the second quarter of the year on a sour note. While the latest jobs report supports the idea that the US economy is holding strong against interest rates at a 23-year high and could avoid a recession, it also puts into question when the Federal Reserve will begin its long-awaited rate cuts. The US economy added 303,000 jobs last month, according to data released Friday by the Labor Department.
Persons: Stocks, Mike Sanders Organizations: Dow, Nasdaq, Federal Reserve, Labor Department, Fed, Madison Investments
Instead, on Friday, yet another jobs report defied expectations. “Today’s jobs report raises the possibility that rather than slowing down, job growth might be holding steady,” Nick Bunker, Indeed Hiring Lab’s economic research director for North America, said in a statement. Last month’s job growth was driven by industries such as health care (+72,300 jobs); government (+71,000 jobs); leisure and hospitality (+49,000 jobs); and construction (+39,000 jobs). President Joe Biden touted March’s jobs report Friday. With today’s report of 303,000 new jobs in March, we have passed the milestone of 15 million jobs created since I took office.
Persons: Nick Bunker, Joe Biden, , ” Biden, , Greg Daco, , ” Daco, we’ve, Erica Groshen, ” Brett House, Daco, Price Organizations: New, New York CNN, of Labor Statistics, Federal Reserve, North, , CNN Business, Cornell University, CNN, Brookings Institution, Congressional, Columbia Business School, Fed, Labor Locations: New York, North America, EY, United States
CNN —Israel’s military said its troops made a series of “grave” mistakes and violated protocol in their strikes that killed seven aid workers in Gaza this week. The IDF is considering distributing thermal stickers for aid vehicles to prevent this happening again in the future, he added. After the first vehicle was struck, some of the surviving aid workers fled to the other vehicles in the convoy – which were also struck, the spokesperson said. People gather around one of the WCK vehicles struck by the IDF, April 2, 2024. The killing of the seven aid workers sparked condemnation from some of Israel’s most prominent supporters and may mark a turning point in how Israel perpetrates its war in Gaza.
Persons: CNN —, WCK, Israel’s, , Jose Andres, Daniel Hagari, ” Andres, Israel, , ” WCK, Israel perpetrates, Joe Biden, Benjamin Netanyahu, , Biden, Alicia Kearns, Kearns, Itamar Ben Gvir Organizations: CNN, Israel Defense Forces, IDF, Canadian, Staff, 162nd Division, Southern Command, Getty, West Bank, United Nations, Israeli, Conservative, BBC, National Locations: Gaza, Israel, Gazan, Deir, Palestinian, Australian, AFP,
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