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☆ Trump Georgia prosecutor admits romantic relationship with Atlanta D.A. boss
▼ + stars: | 2024-02-02 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

said, but had "no personal relationship" in November 2021, when Wade became special prosecutor in the case. "There was no personal relationship between District Attorney Willis and me prior to or at the time of my appointment as special prosecutor in 2021," Wade wrote. "No funds paid to me in compensation for my role as Special Prosecutor have been shared with or provided to District Attorney Willis." "At times I have made and purchased travel for District Attorney Willis and myself from my personal funds. At other times District Attorney Willis has made and purchased travel for she and I from her personal funds."

Persons: Fani Willis, Nathan Wade, Donald Trump, Willis, Trump's, Wade, Trump, Joe Biden, Michael Roman, Fulton, Ashleigh Merchant, Attorney Willis, Merchant Organizations: Atlanta District, Fulton County Superior Court, Attorney Locations: Fulton County, Atlanta , Georgia, U.S, Atlanta, Georgia

“We know this is silly; we know this is fun,” said Marcy Galando, executive director of the Punxsutawney Groundhog Club. Members of Punxsutawney Groundhog Club, organized in 1899, care for Phil at a customized space beside Punxsutawney Memorial Library — where there's a window with a view into the creature's burrow. The Punxsutawney groundhog makes predictions but he's not always predictable. In 1998, a groundhog club leader wearing a $4,000 groundhog suit reported being assaulted by a half-dozen young men. Intended to preserve Pennsylvania German culture and traditions, clubs would sometimes fine those who were caught speaking anything but their Pennsylvania Dutch language at meetings.

Persons: Phil, there'll, Bill Murray, ”, there's, Marcy Galando, Joseph, Jesus, Don Yoder, Yoder, he's, didn't, PHIL, Charlie Hart, Hart, Orphie, “ Octoraro Orphie, It's, Travis Lau, ” Lau, groundhogs, William W, Donner, ” Donner Organizations: Historians, University of Pennsylvania, Punxsutawney, Pennsylvania, University, National Centers for Environmental, Oceanic, Atmospheric Administration, U.S Locations: Pa, Pennsylvania, U.S, Canadian, Europe, Jerusalem, United States, Morgantown , Pennsylvania, —, Pittsburgh, Punxsutawney, Quarryville, Lancaster County, Pennsylvania's

☆ The Red Sea crisis tests China’s global ambitions
▼ + stars: | 2024-01-30 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

China’s responseThe Houthi rebels in Yemen started firing missiles and drones at ships in the Red Sea in mid-November, in what they say is an act of solidarity with Palestinians. Chinese officials repeatedly stressed that the Red Sea crisis is a “spillover” from the conflict in Gaza, citing an immediate ceasefire between Israel and Hamas as the top priority. Beijing’s reluctance to wade into the Red Sea crisis reflects these geopolitical calculations. The Chinese government readout of the meeting between Wang and Sullivan did not mention the Red Sea. Egypt is losing millions of dollars per day from the reduced traffic at the Suez Canal at the northern end of the Red Sea.

Persons: Houthi, “, ”, Mordechai Chaziza, Xi Jinping, Israel, ” Chaziza, Wang Yi, Jake Sullivan, Iran ”, we’re, Wang, Sullivan, Ebrahim Raisi, Yan Yan, OOCL, Kuehne + Nagel, Jonathan Fulton, “ can’t, ” Fulton, William Figueroa, Xi Organizations: Hong Kong CNN, Ashkelon Academic College, Beijing, Iran, People’s Liberation Army Navy, Britain, United Nations Security Council, Global, Western, Chinese Foreign, White House, Reuters, Chinese Foreign Ministry, China, Shanghai Shipping Exchange, Atlantic Council, University of Groningen, Xi’s Global Security Initiative, GSI, Hamas Locations: Hong Kong, Red, Israel, Ashkelon, United States, China, Europe, Yemen, Gulf, Aden, Djibouti, Beijing, Gaza, Bangkok, Iran, Tehran, Africa, Switzerland, Francisco, Shanghai, Abu Dhabi, Egypt, Suez, Sea, Saudi Arabia, Netherlands

ST. LOUIS (AP) — A Missouri prosecutor now believes that inmate Marcellus Williams is innocent of the crime that landed him on death row and very nearly cost him his life, and he is seeking to overturn Williams' conviction. Gayle, a social worker and one-time St. Louis Post-Dispatch reporter, was killed at her home in 1998. Williams’ girlfriend asked him why he would wear a jacket on such a hot day. They cited testimony from Henry Cole, who shared a St. Louis cell with Williams in 1999 while Williams was jailed on unrelated charges. Last February, a St. Louis judge overturned the conviction of Lamar Johnson, who spent nearly 28 years in prison for a killing he always said he didn't commit.

Persons: Marcellus Williams, Williams, Wesley Bell, Lisha Gayle, Gayle, Louis, hasn't, Andrew Bailey didn't, Eric Greitens, Mike Parson, Bell, Parson, Greitens, Henry Cole, Cole, Kevin Strickland, Lamar Johnson, didn't, —, Johnson —, “, ”, Johnson Organizations: LOUIS, —, Louis Post, Dispatch, Innocence, Republican, Prosecutors, Authorities Locations: Missouri, Louis, Kansas City, St

For instance, the U.S. has blocked shipments of cotton coming from China, a top manufacturer of popular clothing brands, because it was produced by forced or prison labor. While prison labor seeps into the supply chains of some companies through third-party suppliers without them knowing, others buy direct. Cargill acknowledged buying goods from prison farms in Tennessee, Arkansas and Ohio, saying they constituted only a small fraction of the company’s overall volume. For instance, about a dozen state prison farms, including operations in Texas, Virginia, Kentucky and Montana, have sold more than $60 million worth of cattle since 2018. “What for?”FOLLOWING THE MONEYThe business of prison labor is so vast and convoluted that tracing the money can be challenging.

Persons: it’s, Willie Ingram, “ They’d, billy clubs, they’d, ”, Ingram, didn’t, they’re, don’t, Andrea Armstrong, Frank Dwayne Ellington, Ellington, Koch, “ It’s, it’s somebody’s, Alishia Powell, Clark, “, Bunge, Louis Dreyfus, Archer Daniels, Cargill, ” McDonald’s, Mills, ” Bunge, Burger, Jermaine Hudson, ” Hudson, Calvin Thomas, Thomas, Ken Pastorick, Pastorick, Jennifer Turner, Faye Jacobs, Jacobs, ’ ” David Farabough, they’ve, Joshua Sbicca, Cliff Johnson, Jimmy Dean, Sara Lee, Tyson, Brevard County Sheriff Wayne Ivey, that’s, ” Ivey, “ They’re, ’ ”, William “ Buck ” Saunders, Hickman’s, Brooke Counts, Counts, John’s, Jack Strain, Tammany Parish, Russell Stover, Curtis Davis, Robert Bumsted, Cody Jackson, Columbia University’s Ira A, Lipman Organizations: Louisiana State Penitentiary, The Associated Press, Walmart, Cargill, U.S, Kroger, Target, Aldi, Corrections, Loyola University New Orleans, Koch Foods, Occupational Safety, Health Administration, Washington, Archer Daniels Midland, Consolidated, AP, Foods, Dairy Farmers of, Big, Sam’s, Tyson Foods, U.S ., Civilian, OSHA, Fair Labor, American Civil Liberties, Colorado State University, MacArthur Justice Center, University of Mississippi, PepsiCo, Brevard County Sheriff, Arizona . Companies, Costco, Correctional, Prisons, Nut, Maine Foods, Taylor Farms, Transitional, Associated Press, Public Welfare Foundation, Columbia, Lipman Center for Journalism, Arnold Ventures Locations: ANGOLA, La, Southern, Louisiana, Texas, In Louisiana, Angola, United States, “, Ashland, U.S, China, Tennessee , Arkansas, Ohio, Dairy Farmers of America, Texas , Virginia, Kentucky, Montana, Baton Rouge, Mississippi, Manhattan, America, Alabama, American, Arkansas , Texas, Florida , Alabama, South Carolina, Georgia, Arkansas, In Alabama, Florida, Brevard County, Arizona, Wisconsin, California, Colorado, state’s St, Tammany, Idaho, In Kansas, Cal, St, Francisville , Louisiana, Feliciana, Investigative@ap.org

The Red Sox said Williams died Friday at AdventHealth North Pinellas Hospital in Tarpon Springs, Florida, after a brief illness. Williams was voted AL Manager of the Year after leading the Red Sox to their second straight playoff appearance. Williams signed with Boston, played at Class A Iowa and was selected by St. Louis in the 1965 Rule 5 draft. Williams played in 14 major league games, going 3 for 13 (.231) with one RBI. Bobby Cox took over as the Blue Jays' manager in 1982 and when Cox left in 1986 to become Atlanta's general manager, Williams replaced him in Toronto's dugout.

Persons: — Jimy Williams, Williams, “ I’ve, “ You’ve, can’t, Let’s, ’ ”, James Francis Williams, Tom Seaver, Graig Nettles, Louis, Sandy Koufax, Juan Marichal, Koufax, “, ”, Bobby Mattick's, Bobby Cox, Cox, Cito Gaston, George Bell, Sid Bream, Francisco, Barry Bonds, Kevin Kennedy, Charlie Manuel's, Shawn, Brady, Peggy, Monica Farr, Jenna Williams, Monica, ___ Organizations: BOSTON, American, Boston, Toronto, Red Sox, AdventHealth, Pinellas Hospital, Arroyo Grande High School, Fresno State, Alaska, St, Los Angeles Dodgers, of Famer, Houston Chronicle, Triple, California Angels, Midwest League, Blue Jays, East, Detroit, Braves, Pittsburgh, Cleveland, ” Boston, Astros, Tampa, Philadelphia, Texas, World University Locations: Houston, Tarpon Springs , Florida, Palm Harbor, Santa Maria , California, Fresno, Cincinnati, Indianapolis, Montreal, Vancouver, Toronto, Tampa Bay, Brady

☆ Why a millennial gave up on 'overemployment' despite making over $500,000 secretly working multiple jobs
▼ + stars: | 2024-01-25 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Secretly working multiple remote jobs at once made an "incredible difference" to his finances. He thought the idea of secretly working multiple remote jobs to boost his income sounded appealing, so he decided to see if it was possible. While juggling multiple roles proved to be possible — and financially lucrative — William said overemployment began to take a toll. First, workers should check if a company has an explicit policy against employees having multiple jobs. AdvertisementAdditionally, William said it's easier to balance multiple jobs when you have more control over your day-to-day responsibilities and schedules.

Persons: —, William, he'd, overemployment, Overemployment, jugglers, it's Organizations: Service, Business Locations: Texas, Reddit

☆ New Hampshire’s presidential primary: 6 things to watch
▼ + stars: | 2024-01-23 | by ( Eric Bradner | Gregory Krieg | ) edition.cnn.com time to read: +11 min

Nikki Haley doesn’t defeat former President Donald Trump in New Hampshire’s primary on Tuesday, the fight may be over. Haley said Sunday she would “absolutely” remain in the Republican presidential race through South Carolina’s February 24 primary. Recent departures from the 2024 race have already shaped the New Hampshire Republican primary. Another 3% of likely GOP primary voters say they’d vote for someone else. For her part, Haley insisted Monday on Fox News that she’ll continue in the race, no matter the outcome of the New Hampshire primary.

Persons: CNN — It’s, Nikki Haley doesn’t, Donald Trump, Ron DeSantis, Haley, Chris Sununu, Joe Biden, That’s, —, She’s, Sununu, DeSantis, Iowa’s Kim Reynolds, “ I’ve, ”, “, “ I’m, She’ll, Montana Sen, Steve Daines, “ Donald Trump, Chris Christie, Vivek Ramaswamy’s, Trump, “ Vivek, Ron, ” Trump, Biden, Nancy Pelosi, “ Trump, Barack Obama, Hillary Clinton, he’s, ” Haley, Will Haley, Chris LaCivita, Susie Wiles, LaCivita, Wiles, ” “, Marianne Williamson, Dean Phillips Organizations: CNN, South Carolina Gov, Florida Gov, Trump, Republican, GOP, Republican Party, NBC, Sunday, New, South, Senate, New Hampshire Republican, New Jersey Gov, Granite State, University of New, United Nations, Capitol, Democratic, Fox News, Democratic Party, Democratic National Committee, Minnesota, Biden Locations: New, Granite, New Hampshire, — Iowa, New Hampshire , Nevada, South Carolina, Iowa, North Charleston, DeSantis, Nevada’s, Nevada, Montana, New Jersey, Ohio, Florida, Granite State, University of New Hampshire, Rochester , New Hampshire, Derry , New Hampshire, Seabrook , New Hampshire

☆ Greenlight’s David Einhorn ends his buyers' strike, finds a few 'promising' new stocks
▼ + stars: | 2024-01-22 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

"We ended our buyers' strike and found several promising new investments that we believe will help us in 2024," the hedge fund manager said in an investor letter dated Monday and obtained by CNBC. Einhorn had stopped building new stock positions at one point in the fourth quarter due to worries about intensifying geopolitical risks. Because of his conservative positioning, his hedge fund, particularly the short side, was hurt during 2023's strong year-end rally. Einhorn's hedge fund returned 22.1% in 2023, net of fees and expenses. His stellar track record made him one of the most followed hedge fund managers on Wall Street.

Persons: Capital's David Einhorn, Einhorn, he's, Greenlight, drugmaker, He's, CNBC's Leslie Picker Organizations: CNBC, Cornell grad, Greenlight Capital, Wall, Pfizer, Syensqo, U.S . Aerospace & Defense, Invesco Aerospace & Defense, P Aerospace & Defense Locations: Belgian, U.S

☆ Direct File is the most important tech product of 2024, helping you to finally file your taxes for free
▼ + stars: | 2024-01-22 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

I'll go further and say this offering is the most important tech product of 2024. Direct FileI'm talking about Direct File , a new way for many Americans to file their taxes for free. She also questioned the value of the new Direct File service in various ways. Give Direct File a tryWhich brings us back to the new Direct File service. When I searched for "free file taxes" this weekend, the top of Google's results page was full of ads.

Persons: —, Dan Grover, ChatGPT, It's, ProPublica, Tania Mercado, Mercado, Janet Yellen, Guess Organizations: Service, Business, Apple, Forbes, IRS, Intuit, Google, Internal Revenue Service, Revenue Locations: Silicon, Arizona , California, Florida , New York, Texas, ProPublica

INDIANAPOLIS (AP) — A man who died in a Texas prison decades ago has been identified as the person who abducted and stabbed three Indiana girls and left them in a cornfield nearly 50 years ago, police said, citing DNA evidence. The girls, ages 11, 13 and 14, survived the attack, but “a clear suspect” was never pinpointed and the case went cold — until now. At the time of the August 1975 attack, police said Williams lived in Indianapolis near where the three girls were abducted while hitchhiking. Investigators submitted the profile last year to DNA Labs International, a Florida-based forensic laboratory, where it was subjected to “the latest forensic technology available,” police said. After ancestry analysis helped identify the suspect's children, samples from Williams’ relatives helped confirm his identification as the attacker, police said.

Persons: ”, Thomas Edward Williams, “, Kendale Adams, Williams, Williams ’, — Sheri Rottler, Kathie Rottler, Kandice Smith —, ” Smith, Rottler Organizations: INDIANAPOLIS, Indiana, Indianapolis Metropolitan Police Department, Indianapolis Star, DNA Labs, Associated Press Locations: Texas, Galveston , Texas, Indianapolis, Hancock County, Florida

☆ Where to invest $50,000 with Treasury yields rising again
▼ + stars: | 2024-01-16 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +8 min

The 10-year Treasury yield started the new year trading around 3.8% after a steep decline in late 2023. Against this backdrop, CNBC Pro asked three strategists and money managers how they would allocate $50,000 with yields rising again. Specifically, he recommended bills with a three- to six-month maturity, which investors can gain exposure to through exchange-traded funds such as the Vanguard Short-Term Treasury ETF (VGSH) or SPDR Portfolio Short Term Treasury ETF (SPTS) . Exchange-traded funds that offer exposure to these assets include the iShares 20 Plus Year Treasury Bond ETF (TLT) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT) . Invest in dividend-growing value stocks Newton Investment Management's John Bailer recommended investors solely allocate into value stocks with sustainable and growing dividends.

Persons: Kumar, VGSH, VCIT, John Bailer, JPMorgan Chase, They've, they've, Bailer, Northrop Grumman, James Abate, Abate, Johnson, Geoff Martha, Colgate's Organizations: Treasury, Nasdaq, Dow Jones, CNBC Pro, Sri, Kumar, CNBC, AAA, Exchange, Treasury Bond ETF, Vanguard, Stock Market, U.S, Bloomberg, Newton Investment, JPMorgan Chase, JPMorgan, Northrop, Asset Management, Johnson, Colgate, Palmolive Locations: Bailer's

☆ DA Fani Willis defends prosecutor she hired for Trump's Georgia election case amid allegations of an 'improper' relationship
▼ + stars: | 2024-01-14 | by ( Lloyd Lee | Associated Press | ) www.businessinsider.com time to read: +6 min

Fulton County DA Fani Willis was accused of having an "improper" relationship with a prosecutor. Willis appointed the prosecutor, Nathan Wade, to oversee the RICO case against Trump. The motion seeks to dismiss the indictment and disqualify Willis and Wade and their offices from further prosecuting the case. Willis said she hired three special prosecutors for the election case: a white man, a white woman, and a Black man. If Willis financially benefited from her relationship with Wade, that may be an ethics violation," he said.

Persons: Fani Willis, Willis, Nathan Wade, —, Sunday, Donald Trump, Martin Luther King Jr, Ashleigh Merchant, Michael Roman, Merchant, Wade, Fulton, Scott McAfee, Steve Sadow, King, she's, I'm, Pete Skandalakis, McAfee, Stephen Gillers, Trump Organizations: Fulton, Trump, Service, Big Bethel AME Church, White, New York Univerity Law School, Atlanta Locations: Fulton County, Georgia, Big Bethel, Atlanta, New York

☆ Ancient DNA reveals genetic roots of multiple sclerosis and other diseases
▼ + stars: | 2024-01-11 | by ( Katie Hunt | ) edition.cnn.com time to read: +8 min

These genetic variants may have subsequently proved beneficial to European populations in making the shift from hunting and gathering to farming. “DNA from hunter-gatherers is present at higher levels in Northeastern Europe, which means the region has an elevated genetic risk of developing Alzheimer’s disease,” Barrie said. Similarly, the ancient genetic information shed light on the evolutionary history of traits such as height and lactose tolerance. And for most traits, MS included, the genetic effects are the result of multiple genetic variants,” he said. “Ultimately, we can’t say that MS came from Bronze Age populations, but these populations’ movements and environments contribute to differences in MS risk today.”

Persons: “, ”, Rasmus Nielsen, It’s, William Barrie, Astrid Iversen, ” Iversen, ε4, ” Barrie, Samira, Asgari, Tony Capra, Capra, wasn’t Organizations: CNN —, University of California, Danish National, University of Cambridge’s, University of Oxford, Icahn School of Medicine, Bakar Computational Health Sciences Institute Locations: Western Europe, Central Asia, Europe, Berkeley, Kazakhstan, Northeastern Europe, Mount Sinai, New York, Bakar, San Francisco

☆ Google Cloud launches new generative AI tools for retailers
▼ + stars: | 2024-01-11 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Google launched several new tools for retailers using generative artificial intelligence to improve online shopping experiences and other retail operations, its cloud business announced in a release Thursday. Google Cloud's offerings are the latest example of generative AI's growing influence in the retail industry. Google's newly unveiled AI products additionally include tools for enhancing retailers' customer service systems and expediting their product cataloging processes. Beyond online shopping, brick-and-mortar stores are also getting new AI capabilities through Google Distributed Cloud Edge, an existing hardware and software product. The announcement of Google Cloud's latest AI tools comes just days before the start of the National Retail Federation's annual convention in New York City.

Persons: Carrie Tharp Organizations: Google, Amazon, National, CNBC PRO Locations: New York City

☆ This startup is removing carbon from the air — and here's why JetBlue is backing it
▼ + stars: | 2024-01-08 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

One of the newest and fastest-growing weapons in the fight against global warming is technology to remove carbon dioxide from the atmosphere, known as direct air capture. Direct air capture is already a growing business, and governments around the world are adding to it, providing tax incentives and grants to help spur the industry forward. Some of the first firms to do it, such as Climeworks and Carbon Capture, use massive fans in the process. Similar to other direct air capture companies, Avnos is benefiting from both government tax credits and direct funding. In addition to JetBlue Ventures, Avnos is backed by Shell Ventures, the Grantham Foundation's Neglected Climate Opportunities Fund and Rusheen Capital Management.

Persons: it's, Will Kain, Avnos, Kain, Amy Burr Organizations: JetBlue Ventures, Avnos, Shell Ventures, Rusheen Capital Management, CNBC PRO Locations: California, Grantham, VCs

☆ Investors will soon be able to buy slices of bonds. How to decide if this is the right move for you
▼ + stars: | 2024-01-05 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Investors will be able purchase pieces of corporate bonds, Treasurys and eventually, municipal bonds. The idea is to open up opportunities to investors who don't want to spend upward of $1,000 on single corporate bonds. While retail investors can buy individual corporate bonds through brokerages, they often opt for mutual funds or exchange-traded funds, which offer baskets of diversified bond securities. The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) , for instance, tracks the ICE BofA U.S. Corporate Index. For corporate bonds, he suggests looking at actively managed funds, particularly for noninvestment grade and municipal bonds.

Persons: Sam Nofzinger, Nofzinger, Chuck Failla, I'm, Tom Kaiser, Failla Organizations: Public, Corporate, ICE, Sovereign Financial Group, Brock Investment Advisors, Apple, Microsoft, BlackRock Locations: brokerages, TreasuryDirect

☆ Kevin Hart calls Katt Williams 'sad' after the comedian slammed him and other famous comics in a new interview
▼ + stars: | 2024-01-04 | by ( Jason Guerrasio | Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Read previewKatt Williams has gone viral for his appearance on Shannon Sharpe's YouTube show "Club Shay Shay" in which the comic unleashed a bevy of disparaging comments on several stars, including fellow comedian Kevin Hart. "My frustration with Katt Williams comes from you keep pointing at Hollywood, Hollywood this, the white man, this, this and this, when do you take responsibility for your actions?" Following Williams' appearance on "Club Shay Shay," Hart took to X (formerly Twitter) to react to Williams while also promoting his upcoming movie on Netflix, "Lift." Please enjoy MY MOVIE TRAILER to my next film “LIFT” which will be dropping on @netflix in 8 days!!!!! Please enjoy MY MOVIE TRAILER to my next film "LIFT" which will be dropping on @netflix in 8 days!!!!

Persons: —, Katt Williams, Shannon, Shay Shay, Kevin Hart, Williams, Sharpe, Steve Harvey, Cedric, Hart, Johnny Louis, I'm, Tiffany Haddish, hadn't, didn’t, ake, romo, ove Y ou” …, ove Y ou' … Organizations: Service, YouTube, Business Locations: Hollywood

☆ Southwest fined $140 million for last year's holiday meltdown
▼ + stars: | 2023-12-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

The U.S. Department of Transportation on Monday said it fined Southwest Airlines $140 million for violating consumer protection laws during last year's holiday meltdown that stranded millions of customers following severe winter weather. It includes a $35 million cash payment to the government, which Southwest said will be paid over three years. The agency ordered Southwest to set up a fund to compensate future travelers for flight disruptions in the airline's control. Southwest didn't provide enough customer assistance during the meltdown or give prompt flight change notifications, the DOT said. Speaking at an industry event in New York last week, CEO Bob Jordan vowed that last year's holiday meltdown "will never happen again," just days ahead of the busy holiday travel period.

Persons: Pete Buttigieg, Bob Jordan, Jordan Organizations: U.S . Department of Transportation, Southwest Airlines, Southwest Locations: New York

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In a 15-second video released to YouTube on Wednesday night, President Joe Biden promised the move would lower prices. It's the latest health policy pitch from a White House gearing up to make its efforts to tackle drug prices a central theme in next year's reelection campaign. Pharmaceutical companies have pushed back on the idea that prices alone are enough for Washington to act against a drug's patent. The plan could threaten future drugs, according to the pharmaceutical lobbying firm Pharmaceutical Research and Manufacturers of America, or PhRMA.

Persons: —, Biden, Joe Biden, Elizabeth Warren of Massachusetts, Amy Klobuchar, Neera Tanden, Megan Van Etten, William Pierce, George W, Pierce Organizations: Service, Business, YouTube, White, Medicare, Health, Human Services, Pharmaceutical, Pharmaceutical Research, Manufacturers of America, HHS Locations: WASHINGTON, Sens, Minnesota, Washington

☆ Alaska-Hawaiian merger faces a Justice Department that has been skeptical of airline deals
▼ + stars: | 2023-12-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

An Alaska Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. It could be the latest in a string of challenges brought by President Joe Biden's Justice Department against airline deals it views as anticompetitive. Alaska Air Group 's executives spent months working on its plan to buy rival Hawaiian Airlines . The Alaska-Hawaiian and JetBlue-Spirit deals are different in approach, but the Alaska acquisition could still face hurdles with regulators. "We have very similar product offerings and we have very limited network overlap."

Persons: Joe Biden's, William Kovacic, Shane Tackett, Samuel Engel Organizations: Alaska Airlines, U.S, Capitol, Reagan National Airport, JetBlue, Joe Biden's Justice Department, Alaska Air Group, Hawaiian Airlines, Spirit, Virgin America, Airbus, Boeing, The, George Washington School of Law, Federal Trade Commission, CNBC, Boston University's Questrom School of Business, ICF Locations: Arlington , Virginia, U.S, The Alaska, Hawaii, Southwest, Asia, Delta, United, Alaska, anticompetitive, Pacific

☆ Ford's US vehicle sales slip 0.5% in November
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

REUTERS/David 'Dee' Delgado/File Photo Acquire Licensing RightsDec 4 (Reuters) - Ford Motor (F.N) posted a 0.5% drop in U.S. new vehicle sales for November on Monday, as the automaker worked to restart some of its key plants following a lengthy workers' strike that impacted vehicle production. Ford reached a deal with the United Auto Workers (UAW) union in late October, ending an over month-long strike the company said will cost it $1.7 billion. Ford's CFO John Lawler said in October restarting the plants would be complicated after the deal, which UAW workers ratified in November. Sales of Ford's electric vehicles jumped 43.2%, to 8,958 units from a year ago, the automaker said on Monday. The company reported total sales of 145,559 vehicles in November, compared with 146,364 units last year.

Persons: David, Dee, Delgado, Ford, John Lawler, Nathan Gomes, Pooja Desai Organizations: New York, REUTERS, Ford, United Auto Workers, UAW, Detroit Three, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

☆ Gen Z women spend more on TikTok as app 'drives consumption,' analyst says
▼ + stars: | 2023-12-04 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Filippobacci | E+ | Getty ImagesGen Z women are driving spending trends on TikTok. "TikTok is a Gen Z women-centric app and it is setting the tone and the narrative for what is 'hot' online," said Ellyn Briggs, a brands analyst at Morning Consult. A larger share of Gen Z women, 75%, use TikTok compared to their male counterparts, 62%, a separate Morning Consult report found. Sophia Bera Daigle certified financial plannerSocial media platforms like TikTok take the concept to a different level, especially for Gen Z. Two money guardrails for 20-something womenExperts say it's important for young women in their 20s to remember the following two things when it comes to observing their contemporaries exhibiting expensive lifestyles: 1.

Persons: Ellyn Briggs, Briggs, TikTok, Z's, Shaun Williams, boomers, Williams, Sophia Bera Daigle, FOMO, Gen Zers, LendingTree, Daigle, guardrails, it's, They're Organizations: Morning, Paragon Capital Management, CNBC, Gen, CNBC FA Locations: Denver, Austin , Texas

Periods of high inflation would offset those when inflation was low as occurred between the financial crisis and the pandemic. Those concerns may not matter anymore if the pandemic has driven inflation and interest rates chronically higher. Speaking at a Boston Fed labor market conference in November, Kohn said the new framework showed the risks of not keeping inflation at bay to begin with. "Probing" for maximum employment "can't ignore...inflation risks," Kohn said, calling for a return to a strategy disavowed in the last review. "I think preemptive tightening is best-practice central banking, and I hope they return to allowing that."

Persons: Joshua Roberts, Jerome Powell, There's, Miesha Williams, Powell, Charles Evans, Evans, Fed, Loretta Mester, Austan Goolsbee, Goolsbee, Donald Kohn, Kohn, Howard Schneider, Dan Burns, Andrea Ricci Organizations: Federal Reserve, REUTERS, Rights, U.S, Federal, Spelman College, Reuters, Chicago Fed, Chicago, Cleveland Fed, Boston Fed, Thomson Locations: Washington , U.S, Atlanta

EL CAJON, Calif. (AP) — Star Memphis basketball recruit Mikey Williams pleaded guilty to one felony charge in a gun case on Thursday, and one of his attorneys said he does not expect the 19-year-old to face jail time. In a deal with prosecutors, Williams pleaded guilty to one felony count of making a criminal threat and to a special allegation of using a firearm during the threat, attorney Randy M. Grossman said. Although a judge would have the discretion to sentence Williams to a year in jail, “no custody is contemplated,” the attorney said. “Nobody was injured in this case, nobody testified that anybody saw Mikey actually fire the gun and he didn’t admit he was the one who fired the gun,” Grossman said. “He admitted responsibility and pleaded guilty.

Persons: Mikey Williams, Williams, Randy M, Grossman, “, I'm, didn't, Penny Hardaway, Laird Veatch, Melissa Garbayo, Sherry M, Thompson, Taylor, George Modlin, Tesla, Troy Owens, Mikey, “ Nobody, ” Grossman Organizations: CAJON, — Star Memphis, Superior Court, San, Memphis, Puma, District Locations: Calif, San Diego, San Ysidro, Memphis, Jamul, San Diego County

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