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☆ The Cost of a Psychic Is a Window Into Americans' Spending Habits
▼ + stars: | 2024-06-30 | by ( Emily Stewart | ) www.businessinsider.com time to read: +15 min

For $25, which wound up being $30 because she didn't have change, Jessica told me my fortune. That psychic is also a pet psychic, which is not Katy's jam. Once, after an accident on her block in Chicago, Katy used a psychic to ensure the person had crossed over. Another time, she bought a bunch of bath oils in New York after a psychic told her she was cursed. In a consumerist society, of course some people are willing to pay to commune with the afterlife.

Persons: I'm, Jessica, IBISWorld, upselling, It's, that's, spellwork, Lisa Stardust, who's, Neil Dagnall, Ken Drinkwater, Dagnall, Drinkwater, —, Jane Risen, Risen, it's, what's, they're, Cleo, Peter Popoff, they'd, Ralph Lewis, There's, we're, Lewis, I've, Katy who's, Katy, Taylor Swift, Emily Stewart Organizations: Pew Research Center, what's, Manchester Metropolitan University, University of Chicago's Booth School of Business, Federal Trade Commission, intel, University of Toronto, Business Locations: Manhattan, New York, Chicago

☆ Opinion | The Ghastly vs. the Ghostly
▼ + stars: | 2024-06-29 | by ( Maureen Dowd | ) www.nytimes.com time to read: +1 min

He has created a reality distortion field where we’re told not to believe what we’ve plainly seen. He says he’s doing this for us, but he’s really doing it for himself. In his misguided quest for a second term that would end when he’s 86, he has succumbed to behavior redolent of Trump. He was hailed then as a leading orator of the Democratic Party, even though he could be windy. We looked at each other in silence — struck by the weight of the moment — then went our separate ways to the same news conference.

Persons: we’re, he’s, I’m, Donald Trump, Joe Biden, Biden, Neil Kinnock, Robert F, Kennedy, Hubert Humphrey, — Organizations: Democratic Party, British Labour, Biden Locations: Washington, Trump

☆ Oral dissents are back in vogue at the Supreme Court as liberals lament latest rulings
▼ + stars: | 2024-06-29 | by ( Joan Biskupic | ) edition.cnn.com time to read: +9 min

CNN —As the conservative Supreme Court majority has won case after case in recent days, liberal dissenters are having their moment in the courtroom. Other justices stared out at spectators or down at notes, perhaps anticipating the next opinions, and dissents, to be revealed. The court majority reversed a 1984 milestone that required judges to defer to reasonable agency interpretations of their congressional mandates. Her oral dissent lasted nearly 15 minutes, about five minutes longer than Roberts’ rendition of the majority opinion. They begin with the author of the majority opinion delivering the facts of the case, law involved, and the resolution.

Persons: Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Neil Gorsuch, Sotomayor, ”, “, ” Gorsuch, John Roberts, Kagan, Roberts, They’ve, Kagan’s, ” Kagan, Roe, Wade, Gorsuch, Sotomayor’s, Antonin Scalia, Jackson, Amy Coney Barrett, Barrett, improvidently, Samuel Alito, Clarence Thomas, ” Alito, Biden, chiding Organizations: CNN, Friday, Natural Resources Defense, “, Securities and Exchange Commission, SEC, US Justice Department, Labor, Conservative Locations: Oregon, Grants, American, Idaho

☆ Supreme Court Upholds Ban on Sleeping Outdoors in Homelessness Case
▼ + stars: | 2024-06-28 | by ( Abbie Vansickle | ) www.nytimes.com time to read: 1 min

The Supreme Court on Friday upheld an Oregon city’s laws aimed at banning homeless residents from sleeping outdoors, saying they did not violate the Constitution’s prohibition on cruel and unusual punishment. The decision is likely to reverberate beyond Oregon, altering how cities and states in the West police homelessness. The ruling, by a 6-to-3 vote, split along ideological lines, with Justice Neil M. Gorsuch writing for the majority. The laws, enacted in Grants Pass, Ore., penalize sleeping and camping in public places, including sidewalks, streets and city parks. In her dissent, Justice Sonia Sotomayor, joined by Justices Elena Kagan and Ketanji Brown Jackson, wrote that the decision would leave society’s most vulnerable with fewer protections.

Persons: Neil M, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson Locations: Oregon, West, Grants

Charges against Trump not likely affectedThe people who pushed their way into the Capitol aren’t the only ones who are facing the obstruction charge. But even before the court’s decision was handed down, Smith made clear that the charge was based on different circumstances in Trump’s case. The Supreme Court’s opinion did not address the fake electors scheme specifically. What is far more important for Trump is the Supreme Court’s pending decision on immunity. The Justice Department has taken steps for months in its prosecutions of rioters to shore up the obstruction charges.

Persons: Donald Trump, Neil Gorsuch, Brett Kavanaugh –, Biden, Trump, Jack Smith, Smith, John Roberts, nodded, –, General Merrick Garland, Garland, Jackson, Barrett, Fischer, Ketanji Brown Jackson, Roberts, Amy Coney Barrett, “, ”, ” Jackson, Joseph Fischer, Fischer “, ” Barrett, CNN’s Kristen Holmes, Paula Reid Organizations: CNN, Capitol, Trump, Enron, Trump . Trump, Justice Department, Department, The, Republican, Democratic, United States Capitol Locations: Pennsylvania

☆ Homeless people can be ticketed for sleeping outside, Supreme Court rules
▼ + stars: | 2024-06-28 | by ( Devan Cole | John Fritze | ) edition.cnn.com time to read: +6 min

CNN —The Supreme Court ruled Friday in favor of an Oregon city that ticketed homeless people for sleeping outside, rejecting arguments that such “anti-camping” ordinances violate the Constitution’s ban on “cruel and unusual” punishment. The case centered on “anti-camping” ordinances in Grants Pass, Oregon, that were challenged by several residents experiencing homelessness. “For some people, sleeping outside is their only option.” The city, she said, “punishes them for being homeless. The ordinances barred people from sleeping in public with “bedding,” which can include sleeping bags or bundled-up clothing. In reaction to the Supreme Court’s ruling, housing rights groups came out in full force to condemn the decision.

Persons: Neil Gorsuch, It’s, ” Gorsuch, Gorsuch, ”, Sonia Sotomayor, ” Sotomayor, “, Sotomayor, Theane Evangelis, Elena Kagan, Jesse Rabinowitz, ” Gavin Newsom –, California –, Jay Cheng Organizations: CNN, ”, US Department of Housing, Urban, National Homelessness Law, National Alliance, Homelessness, Democratic Locations: Oregon, Grants Pass , Oregon, United States, California, Francisco

☆ Netflix is the rare company with 2 CEOs. So what happens when they disagree?
▼ + stars: | 2024-06-28 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Netflix co-CEO Greg Peters thinks he and co-CEO Ted Sarandos have got it down. AdvertisementNetflix cofounder Reed Hastings remains board chairman after picking Ted Sarandos and Greg Peters to take over. Ernesto S. Ruscio/Getty Images / Netflix"We disagree, we butt heads, we talk it out," Sarandos told Bloomberg at the time. "So did Reed and I, and so did you (Greg) and Reed (Hastings). They also have guidance when they need it from Netflix cofounder Reed Hastings, who they said is "still in the mix" to give his "counsel and perspective" when they run into disagreements.

Persons: —, Greg Peters, Ted Sarandos, Peters, Sarandos, it's, Warby Parker, Neil Blumenthal, David Gilboa, we've, Reed Hastings, Ernesto S, Reed, Greg, Netflix's, " Peters Organizations: Service, Netflix, Business, Deutsche Bank, SAP, Bloomberg, Reed Locations: Hastings

☆ Supreme Court overturns 1984 Chevron precedent, curbing power of federal government
▼ + stars: | 2024-06-28 | by ( John Fritze | ) edition.cnn.com time to read: +4 min

CNN —The Supreme Court on Friday significantly weakened the power of federal agencies to approve regulations in a major decision that could have sweeping implications for the environment, public health and the workplace. But the decision will net a far wider swath of federal regulations affecting many facets of American life. The decision overturns the Chevron v. Natural Resources Defense Council precedent that required courts to give deference to federal agencies when creating regulations based on an ambiguous law. The justices have been incrementally diminishing federal power for years, but the new case gave the court an opportunity to take a much broader stride. The Supreme Court had been trending in that direction for years, knocking back attempts by federal agencies in other contexts to approve regulations on their own.

Persons: Chevron, John Roberts, ”, Neil Gorsuch, Elana Kagan, ” Kagan, Biden, Trump Organizations: CNN, Commerce Department, Chevron, Natural Resources Defense, Environmental Protection Agency, Conservatives Locations: Chevron, Washington

☆ Why your local pharmacy may be closing
▼ + stars: | 2024-06-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Read previewThursday's news that Walgreens will close a "significant" number of underperforming stores threw a spotlight on struggles facing the retail pharmacy industry. Related storiesIn short, regardless of which national pharmacy brand you pick, there's a fair chance the location in your neighborhood could close, if it hasn't already. For starters, retail pharmacies make money in two key ways: by dispensing prescription medication and ancillary medical services, and by selling an assortment of merchandise in their "front of house" retail stores. But even if things were going well for Walgreens, Wentworth suggested there would likely still be quite a few closures. "I think most of us knew — when I was in the PBM [pharmacy benefit management] business — I knew that retail pharmacy was largely overbuilt for where the future was going to be."

Persons: —, Tim Wentworth, Wentworth, Manmohan Mahajan, execs, Neil Saunders Organizations: Service, Walgreens, Business, CVS

☆ The Supreme Court just made it easier for governments to remove unhoused people from public spaces
▼ + stars: | 2024-06-28 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Read previewThe Supreme Court on Friday ruled that it's constitutional for local governments to make it illegal to sleep in public places, even when there isn't sufficient shelter space. The case — City of Grants Pass v. Johnson — is the most consequential the court has decided dealing with homelessness in decades. AdvertisementThe Supreme Court ruled that laws regulating sleeping in public places don't constitute cruel and unusual punishment. Homeless rights activists held a rally outside the U.S. Supreme Court on April 22, 2024, the day the court heard oral argument in City of Grants Pass, Oregon v. Johnson. An increasing number of cities and states across the country have passed laws — often anti-camping ordinances — similar to that in Grants Pass.

Persons: —, Johnson —, Justice Neil Gorsuch, Johnson, California —, Gorsuch, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Kevin Dietsch, Gavin Newsom, Newsom, Ron DeSantis, Jesse Rabinowitz Organizations: Service, Business, Circuit, Homeless, U.S, Supreme, Democratic, California Gov, Gov, National Homelessness Law Center Locations: Grants, Grants Pass , Oregon, Martin v, Boise, California, City, Grants Pass, Oregon, Florida

☆ Sandy Hook Families’ Fight for Alex Jones’s Money Takes an Ugly Turn
▼ + stars: | 2024-06-27 | by ( Elizabeth Williamson | ) www.nytimes.com time to read: +1 min

Alex Jones does not, for now, have to turn over the Infowars bank accounts to the Sandy Hook families he owes millions, a bankruptcy judge ruled on Thursday. The ruling by Judge Christopher Lopez is the latest turn in an increasingly acrimonious battle between two groups of Sandy Hook families fighting to be paid defamation damages from Mr. Jones. “Let’s just do this with process and transparency,” Judge Lopez said in the hearing, held in Houston. The families of eight victims who sued Mr. Jones in Connecticut had filed an emergency motion asking Judge Lopez to block a court’s ruling last week granting Neil Heslin and Scarlett Lewis, who sued Mr. Jones in Texas, the right to seize Mr. Jones’s business bank accounts, which contain roughly $2 million. Mr. Heslin and Ms. Lewis are the parents of Jesse Lewis, 6, who died at Sandy Hook.

Persons: Alex Jones, Sandy Hook, Judge Christopher Lopez, Jones, “ Let’s, Judge Lopez, “, Neil Heslin, Scarlett Lewis, Heslin, Lewis, Jesse Lewis Locations: Houston, Connecticut, Texas

☆ Supreme Court allows emergency abortions in Idaho for now
▼ + stars: | 2024-06-27 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +6 min

A group of doctors join abortion rights supporters at a rally outside the Supreme Court on April 24, 2024 in Washington, DC. The court dismissed an appeal brought by Idaho officials, meaning a lower court ruling that allows doctors in the state to perform abortions in emergency situations remains in effect for now. The legislation, known as the Defense of Life Act, went into effect in 2022 when the Supreme Court rolled back Roe. The Supreme Court in January allowed Idaho to enforce the provisions while agreeing to hear oral arguments in the case. The emergency room dispute is one of two abortion cases the Supreme Court considered this term, both of which arose in the aftermath of the 2022 decision to overturn Roe.

Persons: WASHINGTON —, Ketanji Brown Jackson, Samuel Alito, Clarence Thomas, Neil Gorsuch, Alito, Biden, Amy Coney Barrett, Elena Kagan, Donald Trump, Roe, Wade, Lynn Winmill Organizations: WASHINGTON, Conservative, Liberal, Defense, Labor, U.S, Circuit, Supreme, Food Locations: Washington , DC, Idaho, U.S, San Francisco

☆ The Supreme Court is poised to unleash a weapon against Biden's climate policies
▼ + stars: | 2024-06-27 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Climate advocates and business groups are closely watching the US Supreme Court this week. The court could issue a ruling that sharply curtails the federal government's power to regulate the environment, including President Joe Biden's climate policies. Legal experts say the Supreme Court, with its conservative majority, is likely to overturn or significantly limit the Chevron doctrine. Meanwhile, he added, administrative lawyers have been preparing for this very scenario at the Supreme Court. Biden's EPA hasn't relied on the Chevron doctrine to defend its climate rules.

Persons: Joe Biden's, Charles Koch, Chevron, Biden, isn't, Ronald Reagan, David Doniger, Reagan, Doniger, Obama, Neil Gorsuch, Elena Kagan, Trump Organizations: Service, Business, Action Institute, Environmental, Agency, Natural Resources Defense Council, Chevron, Trump, EPA, Republican, Supreme Locations: Chevron

☆ Supreme Court rejects multibillion-dollar Purdue Pharma opioid settlement that shielded Sackler family
▼ + stars: | 2024-06-27 | by ( John Fritze | ) edition.cnn.com time to read: +3 min

As the nation continues to grapple with the opioid epidemic, the Sackler family had agreed to pay $6 billion to families and states as part of an agreement to wind down Purdue Pharma, the maker of OxyContin. In exchange, the Sackler family would be immunized from future civil liability claims. Those supporting the bankruptcy argued the yearslong process had gone on long enough and was unlikely to yield additional money from the Sackler family. The vast majority of known current opioid victims and their families supported the agreement. But the Justice Department said it was a raw deal for victims – particularly potential future victims.

Persons: Sackler, Neil Gorsuch, ” Gorsuch, “, ” Kavanaugh, ”, John Roberts, Sonia Sotomayor, Elena Kagan Organizations: Washington CNN, Chief, Congress, Purdue Pharma, Department Locations: New York

☆ Walgreens will close a ‘significant’ number of its 8,600 US locations
▼ + stars: | 2024-06-27 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Walgreens is set to close a substantial number of its roughly 8,600 locations across the United States as the company looks to reset the struggling pharmaceutical chain’s business. The company didn’t announce a specific number of store closures, but it said Thursday that it is planning “significant” closures of underperforming stores across America as part of a multiyear optimization program. The closures would focus on locations that aren’t profitable, too close to each other or stores struggling with theft, Wentworth told the Journal. Major drugstore chains, including CVS (CVS) and Rite Aid, have struggled in recent years because of declining profits from filling prescriptions. Wentworth told the Journal it’s losing money on filling those prescriptions.

Persons: Tim Wentworth, Wentworth, “, ” Wentworth, ” Neil Saunders, GlobalData, ” Saunders, drugstores, hasn’t, – CNN’s Nathaniel Meyersohn Organizations: New, New York CNN, Walgreens, Wall Street Journal, Journal, Walgreens ’, CVS, Rite, Amazon, Target, Rite Aid Locations: New York, United States, America, drugstores, VillageMD

And they were everywhere, although, naturally, New York City was a magnet, as it has always been for L.G.B.T.Q.+ people looking for a place in which they can be themselves. New York City was where you lost your soul, and we wanted to be closer to the earth. I wore an eight-and-a-half-foot-tall Statue of Liberty costume to the Easter Parade in New York City, and Kirsten came along with me. By the time I turned 30, I’d been telling people I was older for years, because I’m not the type to bemoan the loss of my youth. Going to New York felt like this moment of emerging to a wider audience, and then I started to travel a lot.

Persons: André De Shields, Lady Bunny, Michael R, Jackson, Juliana Huxtable, Wong, J.D, Samson, Pat Oleszko, it’s, —, John Rechy, ”, Danez Smith, Trump, he’d, “, Jenna Lyons, Avram Finkelstein, Joe Mantello, …, Catherine Opie, you’re, Willie Norris, “ I’d, It’s, you’ve, ” — Mark Harris Read, De Shields, Justin French, Chuck Ashley, Anthony Cotsifas, William F, Robert O’Hara’s, Hermes, — Max Berlinger Jenna Lyons, Antonio Lopez, Jenna Lyons’s, Grace Jones ”, Juan Ramos, Antonio Lopez’s, Grace Jones, Tina Chow, Marisa Berenson, Pam Anderson, That’s, — Jason Chen Jayne County, Jayne County, Gus Stewart, Billy Idol, Wayne County, — M.B, Bill T, Jones, Arnie, Arnie Zane, Zane, Keith Haring, Lois Greenfield, Jack Mitchell, Peggy Jarrell Kaplan, Gertrude Stein, Alice B, we’d, Bill, Arnie ”, I’m, — Juan, Norris, Yael Malka, Tomas Abad, West, Black, I’d, — Colleen Hamilton B.D, New York’s Eugene, . Wong, David Henry Hwang’s, Richie, wasn’t, Wayne Barker, — John Wogan Edmund White, Edmund White, Horatio, Leonard Fink’s “, Barbara Confino, Leonard Fink, Joseph Rodriguez, Bleecker, You’d, Gosh, Michael Snyder Pat Oleszko, Chichi, Kirsten, who’d, she’d, — C.H, Brian Michael Smith, Gay, Smith, Kiki Ball, Josue Infante, Skyler Cruz, Jamison, — J.A.R, Agnes Denes’s “, Don Yowell, Finkelstein, Agnes Denes, Leslie Tonkonow, Don, Agnes Denes’s, JD Samson, Sia, Mark Hunter, Anthony Cotsifas I’d, Johanna Fateman, Tigre, Michael O’Neill, Obama, might’ve, — Kate Guadagnino Kristen Kish, Kish, Suzanne Kreiter, David Moir, Bravo, isn’t, — J.W, Stephen Spinella, Mantello, Joan Marcus, Photofest, Tony Kushner’s, Louis Ironson, Milton Glaser, he’s, David, Marshall Grant, Joe Pitt, Walter, Awards, Stephen, ” —, Freedia, Devon Hurst, Sissy Nobby, Barack Obama’s, Lyle Ashton Harris, Big, Bounce, ” — M.B, Thom Browne, Browne, Los Angeles’s Chateau Marmont, Malcolm Venville, Paul Fortune, Michèle Lamy —, — J.C, Catherine Opie’s “, Opie, Ian, Lehmann Maupin, Eileen Myles, Jenny Shimizu, I’ve, Nicole Acheampong Danez Smith, Juan Cordero, ” Womp, They’d, hookups, Who’s, We’ve, You’re, J.A.R, Linda Simpson, India, Little Louie Vega, who’s, — K.G, Alexander Chee, Alexander Chee’s, Marguerite Duras’s “, Jeongneung, King Jungjong, Eric McNatt, Chris Chee, — M.S, Sam Jay, Jay, Jonah, Kumail ”, hadn’t, K.G, Phillip Lim, Lim, Tourmaline, Sylvia Rivera, Luce Capco Lincoln, York’s, We’d, Marsha P, John Cameron Mitchell, Larry Kramer, Mitchell’s, Mitchell, Martha Swope, Billy Rose, Mark Tusk, ” Kramer’s, Larry, Ned Weeks, Ned, “ Hedwig, J.W, Joerg Lohse, Reena, there’s, Matt Bomer, Bomer, Simon Halls, Neal Caffrey, Tony Kushner, Terrence McNally —, — I’d, Hollywood, Wu Tsang, Neil Rasmus, Wildness, ’, Wildness ”, Roxane Gay, Mueller, Brandon Williams, Donna Gottschalk, Donna Gottschalk’s “, Duchess, Galerie Marcelle Alix, goddamn, Coco Romack Michael R, Aaron Kinney, Nova, “ I’m, Bob Damron’s, Sgt, Shirley, Waldorf, Harold’s, Jean ] Genet, Marcel, Proust Organizations: Pride, Stonewall, West, America’s, ACT UP, San, Playwrights Horizons, Odeon, New York’s TriBeCa, Electric, Getty, Police, Billy, New York Live Arts, Keith Haring Foundation, BAM Hamm, Liberation, Brooklyn Liberation, Brooklyn Museum, Fort, New York’s, New York’s Eugene O’Neill Theatre, Broadway, Equity, LGBT Community Center, Fulbright, Mudd, New, Bisexual, Transgender Community, Center, Transgender Community Center, “, Maxwell, Museum School, Farmers, Seattle, Boston Globe, Travel, New York Times, Rancho Mirage, Gay, Caesar’s, FEMA, Yale, York’s Webster Hall, Masters, Records, Pyramid, Work, ACT, Carpenters, Seymour, Edinburgh, Atlanta —, Ninja, Huntington, New York, Lesbian, Equal, Billy Rose Theatre Division, The New York Public Library, The New York Times, USA, Children’s Hospital of Los, MoMA, Whitney Biennial, University of Nebraska, Alamy, HarperCollins, of Engineering, Google, Division, Astor, Tilden Foundations, Pershing, University of Southern, Pershing Square Locations: New York, Berlin, “, America, San Francisco, Baltimore, New York’s, New York City, California, Atlanta, Europe, Wayne County, Dortmund, Germany, London, Amsterdam, Rotterdam, Rockland County, N.Y, ’, I’m, Brooklyn, West Dakota, Fort Greene, New, Leonard Fink’s “ Bars, Street, Rome, —, Aspen, Colo, Copenhagen, Danish, Peru, Los Angeles, Agnes Denes’s “ Wheatfield, Downtown Manhattan, North Moore, TriBeCa, Hoboken, N.J, Lower Manhattan, Manhattan, Boston, Williamsburg , Brooklyn, Vinnie’s, Bedford, Austin , Texas, Copley, Menton, Asian American, York, New Orleans, Houston, Los Angeles’s, L.A, Hong Kong, Seoul, Casa, Koreatown, Minneapolis, Grindr, East, India, Wigstock, Tompkins, Vershire, Chee, Iowa, Huntington Beach, Chelsea, Barneys, Madison, Miami, New York State, Washington, The, LA, Silver Lake, Missouri, Children’s Hospital of Los Angeles, Zurich, Central, American, Westlake, Los Angeles and New York, Lincoln, Alphabet City , New York, Lenox, United States, University of Southern California, Downtown Los Angeles

☆ Supreme Court Rejects Liability Shield at Center of Purdue Pharma Settlement
▼ + stars: | 2024-06-27 | by ( Abbie Vansickle | ) www.nytimes.com time to read: +1 min

The Supreme Court ruled on Thursday that members of the wealthy Sackler family cannot be shielded from lawsuits over their role in the opioid crisis as part of a bankruptcy settlement that would channel billions of dollars to victims and their families. In a 5-to-4 decision, written by Justice Neil M. Gorsuch, a majority of the justices held that the federal bankruptcy code does not authorize a liability shield for third parties in bankruptcy agreements. Justice Gorsuch was joined by Justices Clarence Thomas, Samuel A. Alito Jr., Amy Coney Barrett and Ketanji Brown Jackson. In a strongly worded dissent, Justice Brett M. Kavanaugh wrote that the “decision is wrong on the law and devastating for more than 100,000 opioid victims and their families.” He was joined by Chief Justice John G. Roberts Jr. and Justices Sonia Sotomayor and Elena Kagan. The decision jeopardizes a carefully negotiated settlement Purdue and the Sacklers had reached in which members of the family promised to give up to $6 billion to states, local governments, tribes and individuals to address a devastating public health crisis.

Persons: Sackler, Justice Neil M, Gorsuch, Clarence Thomas, Samuel A, Alito Jr, Amy Coney Barrett, Ketanji Brown Jackson, Brett M, Kavanaugh, John G, Roberts Jr, Sonia Sotomayor, Elena Kagan Organizations: Chief, Purdue

☆ Supreme Court allows White House to press social media companies to remove disinformation
▼ + stars: | 2024-06-26 | by ( John Fritze | Brian Fung | ) edition.cnn.com time to read: +7 min

CNN —The Supreme Court on Wednesday said the White House and federal agencies such as the FBI may continue to urge social media platforms to take down content the government views as misinformation, handing the Biden administration a technical if important election-year victory. Republican officials in two states – Missouri and Louisiana – and five social media users sued over that practice in 2022, arguing that the White House did far more than “persuade” the tech giants to take down a few deceptive items. That might include, the justices theorized, social media threats targeting public figures or disclosures of sensitive information about US troops. The case arrived at the high court at a time when the government has repeatedly warned of foreign efforts to use social media to influence elections. The jawboning case was one of several high-profile matters the court is deciding at intersection of the First Amendment and social media.

Persons: Biden, Amy Coney Barrett, “, ” Barrett, ” Biden, –, Hunter, John Roberts, Sonia Sotomayor, Elena Kagan, Brett Kavanaugh, Ketanji Brown Jackson, Alito, Samel Alito, Clarence Thomas, Neil Gorsuch, ”, ” Alito, ’, unjustifiably, Vivek Murthy, Roe, Wade, Roberts, Kavanaugh, Barrett Organizations: CNN, White, FBI, Biden, Department of Homeland Security, Facebook, Republican, Centers for Disease Control, Infrastructure Security Agency, Supreme, National Intelligence Locations: – Missouri, Louisiana, Florida, Texas

☆ This 28-year-old fund consistently beats the S&P 500 — without megacap tech stocks. Here's its strategy
▼ + stars: | 2024-06-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

One fund has a formula that has enabled it to consistently beat the S & P 500 : the Hennessy Cornerstone Growth Fund. The fund uses a formula-based strategy for investing, according to its portfolio managers Neil Hennessy, Ryan Kelley, and Joshua Wein. "We're trying to combine value with momentum and some growth," Kelley said. Stocks the fund owns Most of the stocks in the outperforming fund aren't actually in tech but in the industrials, consumer, financials and health-care sectors — because of the formula they use. It is the only name which survived in the recent rebalancing to the current batch of 50 stocks, said Wein.

Persons: Neil Hennessy, Ryan Kelley, Joshua Wein, Kelley, Wein, They've, We're, aren't Organizations: Cornerstone Growth Fund, CNBC Pro, Micro Computer, Urban Outfitters Locations: United States

☆ Russia to Start Secret Trial of U.S. Reporter Accused of Espionage
▼ + stars: | 2024-06-26 | by ( Neil Macfarquhar | Milana Mazaeva | ) www.nytimes.com time to read: +1 min

He tries to keep himself in shape during the hourlong exercise period he is permitted each day. Friends who correspond with him describe Mr. Gershkovich, a Wall Street Journal reporter, as positive, strong and rarely discouraged, despite facing the official wrath of President Vladimir V. Putin’s Russia. He is scheduled go on trial Wednesday, facing up to 20 years in prison on an espionage charge that he, his employer and the U.S. State Department vehemently deny. At the heart of Mr. Gershkovich’s ordeal is a void — the absence of any evidence made public by the Russian authorities to support their claim that he was a spy. Nor is any likely to emerge from his trial in Yekaterinburg, which has been declared secret, with any observers barred from attending, and his lawyers prohibited from publicly revealing anything they learn.

Persons: Evan Gershkovich, ”, Gershkovich, Vladimir V, Maria Borzunova Organizations: Street Journal, U.S . State Department Locations: Moscow’s, United States, Russia, Russian, Yekaterinburg

☆ The Nvidia spell has been broken. Here’s what could come next
▼ + stars: | 2024-06-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

London CNN —Nvidia, Nvidia, Nvidia. Nvidia’s stock bounced back Tuesday, yet investors have been reminded of a potentially bubble-bursting truth: You can fly too close to the sun. For context, it took Warren Buffett about 60 years to build Berkshire Hathaway into a nearly trillion dollar company. But typical volatility can have seismic repercussions when it comes to a stock as all-consuming as Nvidia. Analysts at The Carlyle Group say that while artificial intelligence is revolutionizing the world around us, the Nvidia stock bubble will eventually burst.

Persons: Warren Buffett, Berkshire Hathaway, Microsoft’s, ”, Jim Smigiel, Louis Navellier, Nvidia’s, ” Jochen Stanzl, Emily Bowersock Hill, Jason Thomas, Carlyle’s, ” Neil Roarty, Stocklytics, —, Levi’s, “, LEVI, ” Read, Ryan Callahan, ” Callahan, CDK, Tom McParland Organizations: CNN Business, Bell, London CNN, Nvidia, Berkshire, Deutsche Bank, SEI, Navellier, Associates, CMC, CNN, Bowersock Capital Partners, The Carlyle Group, ’ Association, Mazda, North America, Automatic Consulting Locations: London, Turkey, Istanbul, Seekonk , Massachusetts

☆ Investor Neil Hennessy says megacap tech trade is 'over' and to buy these two stocks instead
▼ + stars: | 2024-06-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Neil Hennessy said investors need to look at value stocks that offer attractive price-to-sales multiples and avoid what he sees as a dying "Magnificent Seven" trade. While Hennessy admitted that the Magnificent 7 stocks have performed well, he said their average price-to-earnings multiple sits at around 47 while their price-to-sales multiple is above 12. "The reality of our world is money is shifting over to value," said the University of San Diego alum. But Hennessy said the stock is attractively priced, with a price-to-sales multiple of 0.9 and P/E ratio of just 7. But the average price target implies the stock can turn around and surge more than 27% over the coming year.

Persons: Neil Hennessy, Hennessy, I'm, SPX Organizations: Oshkosh Corp, University of San Diego, Oshkosh, LSEG

☆ Supreme Court Rejects Challenge to Biden Administration’s Contacts With Social Media Companies
▼ + stars: | 2024-06-26 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

The Supreme Court handed the Biden administration a major practical victory on Wednesday, rejecting a challenge to its contacts with social media platforms to combat what administration officials said was misinformation. The court ruled that the states and users who had challenged the contacts had not suffered the sort of direct injury that gave them standing to sue. The decision, by a 6 to 3 vote, left fundamental legal questions for another day. “For months,” Justice Alito wrote, “high-ranking government officials placed unrelenting pressure on Facebook to suppress Americans’ free speech. Because the court unjustifiably refuses to address this serious threat to the First Amendment, I respectfully dissent.”

Persons: “, Amy Coney Barrett, ”, Samuel A, Alito Jr, Clarence Thomas, Neil M, Gorsuch, Alito, unjustifiably Organizations: Court, Biden, Facebook

☆ Justices Appear to Mistakenly Reveal a Key Abortion Ruling
▼ + stars: | 2024-06-26 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

The Supreme Court seems poised to temporarily allow emergency abortions in Idaho when a woman’s health is at risk, according to a copy of what appeared to be the court’s opinion that was posted today, and then removed, from the court’s website. The majority’s unsigned opinion said that the case was “dismissed as improvidently granted” — rather than decided on merits — according to the 22-page document, which was published this afternoon by Bloomberg News. Justices Samuel Alito, Clarence Thomas and Neil Gorsuch dissented. A spokeswoman for the Supreme Court said that the document had been “inadvertently” uploaded by its publications unit. It would be the second time this term that the justices have deflected ruling on the merits of abortion.

Persons: “, improvidently, ” —, Samuel Alito, Clarence Thomas, Neil Gorsuch Organizations: Bloomberg News Locations: Idaho

☆ How to Watch the Biden-Trump Presidential Debate
▼ + stars: | 2024-06-25 | by ( Neil Vigdor | More About Neil Vigdor | ) www.nytimes.com time to read: +2 min

The moment has been four years in the making: President Biden and former President Donald J. Trump on a debate stage, another flashpoint in their long-running hostilities. The New York Times will stream the debate alongside real-time commentary and analysis from reporters. CNN will broadcast or stream the debate on all its platforms, including its flagship cable channel, as well as CNN International, CNN en Español and CNN Max. You will not have to log in or be a subscriber to watch the stream. CNN is also sharing its feed with other broadcast and cable news networks so that they could simulcast the debate.

Persons: Biden, Donald J, Trump, CNN Max, Will Robert F, Kennedy, Ross Perot, Jake Tapper, Dana Bash, ” Mr, Tapper, Bash Organizations: CNN, Atlanta, New York Times, CNN International, Español, CNN.com, Fox News, ABC, Union Locations: “ State, Washington

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