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Prosecutors allege she killed Eric Richins, her husband of nine years, with a lethal dose of fentanyl. Alleged fentanyl purchases before husband’s deathThe house where Kouri Richins and Eric Richins lived is seen in Francis, Utah, on May 11, 2023. Rick Bowmer/APProsecutors say Richins withdrew money from bank accounts without her husband’s knowledge and tried to change a life insurance policy to make herself the sole beneficiary. Allegations of forged documentsPotentially previewing what may be presented in trial, another filing in the case includes allegations that some of Eric Richins’ financial documents may have been forged. After comparing those documents with dozens of other documents Eric Richins authored, Throckmorton indicated that signatures on the three items in question appear to have been forged.

Persons: Kouri Richins, Richins, Eric Richins, ”, Rick Bowmer, Kouri, Eric, ” Eric Richins, “, ’, Matt Throckmorton, Throckmorton, ” Throckmorton, “ Eric, Kristal Bowman, Carter, ” Bowman, Bowman, Kouri “, ‘ Organizations: CNN, Prosecutors, AP Prosecutors Locations: Utah, Park City , Utah, America, Moscow, , Utah, Francis , Utah

☆ Insider buying in US regional banks at 3-year high as execs look to bolster confidence
▼ + stars: | 2023-06-05 | by ( Shubham Batra | ) www.reuters.com time to read: +3 min

June 5 (Reuters) - Regional bank executives buying shares in their own companies hit a three-year high in the United States during the second quarter of 2023 as they rushed to restore investor confidence in their firms following the collapse of Silicon Valley Bank. US Bancorp (USB.N), East West Bancorp (EWBC.O), Zions Bancorp (ZION.O) and SoFi Technologies (SOFI.O) are some of the names from the 244 banks that saw heavy insider buying in the second quarter. The ratio of buyers to sellers in the regional banking sector has also hit a record high in the second quarter of 2023, according to the data. Bank stocks have stabilized in recent weeks, but haven't recovered their March losses. Bank deposits, however, started stabilizing from April.

Persons: Eric Compton, Ben Silverman, haven't, Shubham Batra, Shounak Dasgupta Organizations: Silicon Valley Bank, US Bancorp, East West Bancorp, Zions Bancorp, SoFi Technologies, Morningstar, Company, U.S . Securities, Exchange Commission, Bank, Thomson Locations: United States, Silicon, COVID, VerityData, Bank, Bengaluru

Questioned after his speech on the incident, Li said the US naval presence in the strait was an example of Washington creating chaos in the region. “They are not here for innocent passage, they are here for provocation,” Li said of US warships. Li said if the US and other foreign powers did not want confrontation, they should not send their military assets near China. The incident is the second time in two weeks that Chinese military personnel have engaged in aggressive maneuvers in the vicinity of US military personnel near China’s border. US and Chinese defense chiefs are not expected to meet this year – a mark of the depth of the fracture in relations between the two countries.

Persons: Li Shangfu, ”, Lloyd Austin, Li, ” Li, USS Chung, Hoon, Arleigh Burke, “ Chung, “, Chung, Paul Mountford, Shi Yi, Austin, ” ‘, General Jing Jianfeng, ” China’s, Xi Jinping, Jing Organizations: Singapore CNN —, US, Canadian, Pacific Command, USS, Canada’s Global, PLA, East China Seas, Command, Taipei’s Defense, Chinese Communist Party, People’s Liberation Army, CCTV, Communist Party, Taiwan Locations: Singapore, United States, Washington, China, Taiwan, Canadian, Montreal, South, East, China’s, Beijing, “, Austin

Companies Indivior PLC FollowJune 2 (Reuters) - Indivior Plc (INDV.L) said on Friday it agreed to pay $102.5 million to settle a lawsuit by dozens of U.S. states accusing it of illegally suppressing generic competition for its opioid addiction treatment Suboxone. Suboxone was approved for U.S. sale in 2002, and Indivior had the exclusive right to sell the treatment in tablet form until 2009. States said Indivior switched to an oral film version of Suboxone from a tablet version to extend its monopoly, just as generic manufacturers were poised to sell their own lower-cost tablets. Generic tablets obtained federal approval in 2013. Indivior expects to pay the $102.5 million in cash this month.

Persons: drugmaker, Indivior, Suboxone, Josh Kaul, Mariam Sunny, Jonathan Stempel, Maju Samuel, Matthew Lewis Organizations: Indivior, D.C, U.S, U.S . Centers for Disease Control, Thomson Locations: Chesterfield , Virginia, U.S, Washington, Indivior's, Philadelphia, Suboxone, Wisconsin, United States, Bengaluru, New York

Kinmen, Taiwan CNN —As the sun sets over Taiwan’s Kinmen islands, the neon lights of mainland China dazzle in the distance just 2.5 miles away. That lingering potential for invasion might make it seem like an unlikely place to construct a bridge to mainland China. Anti-invasion spikes along the coast of Taiwan's Kinmen islands. During a recent trip to Kinmen, Taiwan Vice President and DPP presidential candidate William Lai said he recognized the sacrifices of the islanders during decades of conflict. “The Taiwanese government looks at the Chinese military threat as something that cannot be accepted and we condemn it,” he added.

Persons: John Mees, Ko Wen, ”, Xi Jinping, Ho Chih, Sam Yeh, Kinmen, Yang Chien, ” Yang, “, Yang, Yang Pei, Huang Li, cheng, Tsai Ing, William Lai, Wu Chia, chiang, Nancy Pelosi, Kevin McCarthy, Joseph Wu, ” Wu, Maestro Wu Tseng, Maestro Wu Organizations: Taiwan CNN —, Communist, People’s Liberation Army, CNN, Democratic Progressive Party, Taiwan’s Presidential, Mainland Affairs Council, Chinese Communist Party, CCP, Mainland Affairs, Russo, Getty, Communist China's, Tourism Association, Communist Party, Xi, United States, Taiwan’s, Taiwan Locations: Kinmen, Taiwan, China, Beijing, Taipei, Taiwan’s, Xiamen –, Xiamen, Chinese, Ukrainian, Russia, Taiwan's, AFP, Jinsha, “, Fujian, California, Beijing’s

☆ Eric Cantor on debt ceiling deal: It's all about how your constituents view your vote
▼ + stars: | 2023-05-31 | 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 EmailEric Cantor on debt ceiling deal: It's all about how your constituents view your voteEric Cantor, former House Majority Leader and Moelis and Company vice chairman, joins 'Squawk Box' to discuss the latest on debt ceiling negotiations and more.

Persons: Eric Cantor Organizations: Company

☆ Target removing some Pride merchandise after anti-LGBTQ threats against staff
▼ + stars: | 2023-05-23 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —Target on Wednesday said it was removing some products that celebrate Pride Month after the company and its employes became the focus of a “volatile” anti-LGBTQ campaign. Target said it removed from shelves “items that have been at the center of the most significant confrontational behavior.”For a decade, Target has celebrated Pride Month in and around June. “Pride Month at Target is a time of affirmation and solidarity with the LGBTQIA+ community,” the company says on its website. Some people have thrown Pride items on the floor, Target spokesperson Kayla Castaneda told Reuters. The products Target is withdrawing are being removed from all its US stores and from its website, Castaneda told Reuters.

Persons: Target, ” Target, Kayla Castaneda, Castaneda, Erik Carnell, “ I’m, transphobia, Eric Carnell, Bud Light, influencer Dylan Mulvaney, – Organizations: New, New York CNN, Target, Pride, Wall Street Journal, Reuters, Republican, ” Target, Anheuser, Busch, – Reuters Locations: New York

☆ Michael Block shoots sensational hole-in-one to cap storybook PGA Championship ending
▼ + stars: | 2023-05-21 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

CNN —Hollywood screenwriters might have rejected the script for being too unbelievable, but Michael Block would not be denied the storybook ending to his PGA Championship fairytale. The 46-year-old – head pro at a public golf club in California – drilled a hole-in-one to put the gloss on a remarkable performance at Oak Hill Country Club in Rochester, New York on Sunday. Or, based on what he charges for an hour-long session at Arroyo Trabuco Golf Club, 1,922 golf lessons. “If it makes any sense, the one thing in the world that makes me cry is golf,” an emotional Block told reporters. They kind of documented my big goal this week was to be the low club pro; right?

☆ US and Taiwan reach agreement on new trade pact in boost to economic ties
▼ + stars: | 2023-05-18 | by ( Eric Cheung | ) edition.cnn.com time to read: +2 min

The new initiative, titled the US-Taiwan Initiative of 21st Century Trade, was first unveiled in June last year. It will be the first official trade agreement between Taiwan and the United States since US President Joe Biden assumed office in 2021. “This accomplishment represents an important step forward in strengthening the US-Taiwan economic relationship,” US Trade Representative Katherine Tai said in the statement. We look forward to continuing these negotiations and finalizing a robust and high-standard trade agreement that tackles pressing 21st century economic challenges,” she added. The new agreement marks the first official trade agreement since Taiwan was excluded from the Indo-Pacific Economic Framework (IPEF), a regional economic plan launched by Biden last year.

☆ PGA Championship: Eric Cole soars but Jon Rahm sinks in frost-delayed first round
▼ + stars: | 2023-05-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —American golfer Eric Cole raced into an early PGA Championship lead following a scintillating start at Oak Hill Country Club on Thursday. Now, on his PGA Championship debut and only his second major appearance, the 34-year-old is enjoying a look at the leaderboard. 1 is bidding to become only the fourth golfer – and the first since Jack Nicklaus in 1975 – to win both the Masters and the PGA Championship in the same season. Jordan Spieth will need a strong response if he is to achieve golfing immortality come Sunday, as the three-time major champion opened with a three-over 69. The American is a PGA Championship title away from becoming only the sixth men’s golfer to win all four majors in the modern era.

[1/4] Migrants, without a place to stay upon arrival in the city, seek safe shelter at the District 12 station of the Chicago Police Department in Chicago, Illinois, U.S. May 17, 2023. Some migrants seeking a safe place to sleep have turned to police stations. Earlier this month, Texas Governor Greg Abbott, a Republican, resumed a campaign of busing migrants to Democratic strongholds further north, including Chicago and New York City. The busing aims to alleviate pressure on border cities and call attention to what Abbott says were overly lenient policies by Biden's Democratic administration. New York City Mayor Eric Adams, a Democrat, has called on the Biden administration to provide more funding to cities receiving recently arrived migrants.

☆ Pfizer to raise $31 bln for Seagen takeover in largest debt offering
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +1 min

May 16 (Reuters) - Pfizer Inc (PFE.N) is planning to raise $31 billion through its largest debt offering to finance its proposed acquisition of Seagen Inc (SGEN.O), the drugmaker said late on Tuesday. Rival Abbvie Inc (ABBV.N) had in 2019 made a $30 billion debt offering, which was used to finance its $63 billion buyout of Botox maker Allergan. The amount is more than double that of Pfizer's 2009 debt raise of $13.5 billion. The debt offering, which would be in eight tranches, is expected to close on May 19. Yield to maturity on Pfizer's 10-year bonds would be 125 basis points higher than the benchmark risk-free U.S. 10-year Treasury .

☆ Pfizer plans $31 bln debt offering to fund Seagen takeover
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +1 min

May 16 (Reuters) - Pfizer Inc (PFE.N) said on Tuesday it plans to raise $31 billion from a debt offering to finance its proposed acquisition of Seagen Inc (SGEN.O). Pfizer struck a $43 billion deal in March to acquire Seagen and its targeted cancer therapies as it prepares for a steep fall in COVID-19 sales and generic competition for some top-selling drugs. The company has been pumping billions of dollars into research and acquisitions to mitigate an anticipated $17 billion hit to revenue by 2030 from patent expirations for top drugs, and a decline in demand for COVID products. The debt offering, which would be in eight tranches, is expected to close on May 19, the company said, adding that BofA Securities, Citigroup (C.N), Goldman Sachs (GS.N) and J.P. Morgan (JPM.N) are acting as the joint lead managers and joint book-running managers. Reporting by Kanjyik Ghosh in BengaluruOur Standards: The Thomson Reuters Trust Principles.

☆ Gay rights: Taiwan grants right of adoption to same-sex couples
▼ + stars: | 2023-05-16 | by ( Eric Cheung | ) edition.cnn.com time to read: +2 min

Taipei, Taiwan CNN —Taiwan’s legislature passed a bill Tuesday that granted same-sex couples the right to jointly adopt a child neither of them are related to, clearing one of the final hurdles in achieving full marriage equality. Taiwan in 2019 became the first jurisdiction in Asia to legalize same-sex marriage but it stopped short of granting fully equal rights of adoption to same-sex couples. “I am very excited that we granted joint adoption rights to same-sex couples today,” said Fan Yun, a lawmaker from the ruling Democratic Progressive Party who was among those that initiated the legal change. “Legally, we have finally returned same-sex couples to their children,” she added. Before the legal change Tuesday, some same-sex couples had spent years challenging the discrimination in Taiwanese courts.

☆ The Real Reason Rent Costs Are Sky High: People Left Their Roommates
▼ + stars: | 2023-05-10 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

Though rent growth has slowed in recent months, renters in large cities are still feeling the effects of the 2021-22 rent boom. Residents of these places are now asking the question: If so many people left, why is my rent still so expensive? The first was outbound migration, which led to weaker housing demand in city centers. "High house prices, high rents, and rising interest rates are probably pushing back against household formation," Ozimek told me. If more employees keep adopting remote work — which, I'll admit, is a big "if" — that indicates housing demand is bound to increase.

☆ Hurricanes of Data: The Tiny Craft Mapping Superstorms at Sea
▼ + stars: | 2023-05-09 | by ( Porter Fox | ) www.nytimes.com time to read: +35 min

The Tiny Craft Mapping Superstorms at Sea Shortly after dawn on Sept. 30, 2021, Richard Jenkins watched a Category 4 hurricane overrun his life’s work. That August, a sister ship, SD 1031, successfully entered Tropical Storm Henri, but only in its early stages. Hurricane research, modeling and forecasting requires many terabytes of data for every square mile the storm passes through, including vitally important sea-level data from inside a storm. The next day, the depression was upgraded to a tropical storm and officially given the name Sam. And four months later, Tropical Storm Megi killed more than 150, wiped out several villages with landslides and displaced more than a million people.

Michel Gaubert first crossed paths with Karl Lagerfeld when he worked at a record store on the Champs-Élysée. “All his life Karl was obsessed with music,” he recalled. All his life Karl was obsessed with music. Then one day Eric came and asked if I wanted to work with the Karl Lagerfeld brand. Karl said Diane de Beauvau-Craon [a French princess and a pal of Mr. Lagerfeld’s] would call me.

☆ I worked closely with Bill Gates for 8 years as an executive at Microsoft. Here are the 3 lessons he taught me that I'll never forget.
▼ + stars: | 2023-05-01 | by ( Chris Williams | ) www.businessinsider.com time to read: +8 min

From my very first meeting with Bill Gates it was clear he was someone you could learn from. That grilling in a tiny Microsoft conference room in the summer of 1992 was one I'll never forget. From then through to my time as Vice President of HR when I was afforded many one-on-one meetings with him, I learned many things from Bill Gates. It seems that Bill learned early on that pressing for details until failure resulted in two kinds of responses. I learned a lot from spending time with Bill Gates.

Depositors had pulled $100 billion from accounts at the bank in the panic triggered by the SVB and Signature failures, imperiling its survival. Both SVB and Signature failed last month. Both SVB and Signature grew quickly in recent years, outpacing the ability of regulators to keep up, especially with shrinking resources. Regulators closed Signature two days after SVB was shuttered. Signature lost 20% of its total deposits in a matter of hours on the day that SVB failed, FDIC Chair Martin Gruenberg has said.

☆ Quotes: Fed plans broad revamp of bank oversight in wake of SVB collapse
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +11 min

The assertion in the introduction that the Fed should focus on large bank capital requirements is disconnected from the report's conclusions. AMERICAN BANK ASSOCIATION PRESIDENT AND CEO ROB NICOLS"We take any bank failure seriously, and we will review the findings and proposed policy changes in these reports carefully, including where the conclusions may differ. JONATHAN MONDILLO, HEAD OF NORTH AMERICAN FIXED INCOME AT ABRDN"We're likely to see higher capital requirements. What that means for the overall markets is that the devil is in the details: how stringent those capital requirements will be. A potential First Republic Bank failure could similarly present a risk to the long-term investment strategy of high net-worth individuals."

Both SVB and Signature failed last month. Regulators shut SVB on March 10, a day after customers withdrew $42 billion and queued requests for another $100 billion the following morning. Both SVB and Signature grew quickly in recent years, outpacing the ability of regulators to keep up, especially with shrinking resources. Regulators closed Signature two days after SVB was shuttered. Signature lost 20% of its total deposits in a matter of hours on the day that SVB failed, FDIC Chair Martin Gruenberg has said.

☆ US Fed plans broad revamp of bank oversight in wake of SVB collapse
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +7 min

Many commentators linked the lessons learned from the earlier crisis to the ongoing concerns about First Republic Bank. INSTITUTE OF INTERNATIONAL BANKERS CEO BETH ZORC"The IIB commends the Federal Reserve's timeliness of producing its report on SVB. "There are similarities between SVB's situation and what is happening with First Republic Bank: both are affected by the rapid movement of very large sums of money." A potential First Republic Bank failure could similarly present a risk to the long-term investment strategy of high net-worth individuals." "It feels isolated, than the rest of the regional bank system, feels like it's in a different place than where FRC is."

☆ Meet Jelly Roll, the Rapper Turned Country Singer Rousing Nashville
▼ + stars: | 2023-04-26 | by ( Alan Light | ) www.nytimes.com time to read: +1 min

1 on rock radio while the mid-tempo “Son of a Sinner” topped the country radio chart, and Jelly Roll held the No. 1 spot on Billboard’s emerging artist chart for 25 straight weeks, the longest run in that ranking’s history. The Bridgestone show is chronicled in a new documentary, “Jelly Roll: Save Me,” premiering on Hulu on May 30. He’s living proof that anything is possible.”As Jelly Roll’s profile grows, he’s not slowing down his nonstop work habits. He is very strong in who he is and what he wants to say as an artist.

☆ Jamaica cool on Charles' coronation as it eyes break with monarchy
▼ + stars: | 2023-04-26 | by ( Kate Chappell | ) www.reuters.com time to read: +7 min

The process to sever ties with the British monarchy is underway, following in the footsteps of another former Caribbean possession, Barbados. Maziki Thame, a political scientist at the University of the West Indies, agreed the coronation was of little significance. It gained independence in 1962 but retained the British monarch as head of state and stayed in the Commonwealth. Breaking ties with the monarchy is essential for Jamaica, said Steven Golding, president of the UNIIA-ACL, a Black nationalist organization founded in Jamaica by activist Marcus Garvey. "I'd like to hear what Charles has to say about the subjects in the Isle of Jamaica," she said.

☆ Halliburton's first-quarter results validate our reasons for owning the stock
▼ + stars: | 2023-04-25 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

In addition to its top-and-bottom line beats, Halliburton also posted better-than-anticipated operating margin and operating cash flow. Halliburton's free cash flow disappointed. As a reminder, in January, Halliburton announced a new framework to return at least 50% of annual free cash flow via dividends and buybacks going forward. Halliburton's free cash flow came in at negative $105 million in three months ended March 31, compared with estimates of positive $134 million. It's important to remember the weakness is largely due to normal seasonal trends, a dynamic also impacting Halliburton rival SLB, which last week reported negative first-quarter free cash flow, too.

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