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☆ Kendrick Lamar and Drake's beef explained, from its 2013 origins to their diss tracks "Push Ups" and "6:16 in LA" and latest responses
▼ + stars: | 2024-05-04 | by ( Ayomikun Adekaiyero | Eve Crosbie | ) www.businessinsider.com time to read: +26 min

Both rappers released diss tracks that took blistering personal shots on Friday night. "He doesn't have the heart for the lying, disrespect, and animosity it requires to make an effective diss track," Pierre wrote. Later in the track, Drake references Cole's diss track and apology. At the end of the track, Lamar samples a 1994 Tupac interview to simulate a conversation between the two rappers. "6:16 in LA" also parodies Drake's song titles, which often feature location names and timestamps.

Persons: Kendrick Lamar, Drake's, Drake, —, Lamar's fiancée Whitney Alford, Lamar, Aubrey Drake Graham —, Lamar dissed Drake, J, Cole, Rick Ross, Cole —, Taylor, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, Prince, Mike Jack, Prince . Prince, “, rics, Organizations: Metro Boomin, Service, Future, Metro, HBO, Drake, Wireless, Lamar, Big, Rocky, Rap Locations: Drake's, Lamar, LA, Florida

☆ 10 times Drake has feuded with other rappers, including Kendrick Lamar, Pusha T, and Kanye West
▼ + stars: | 2024-04-30 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +1 min

Kendrick LamarKendrick Lamar and Drake were previously collaborators. Jason Koerner/Getty ImagesAlthough Drake and Kendrick Lamar collaborated multiple times in 2011 and 2012 ("Buried Alive Interlude," "Poetic Justice," "F**kin' Problems"), Lamar distanced himself from the Toronto rapper in 2013. In a guest verse on Big Sean's single "Control," Lamar crowned himself the king of rap and name-dropped several others who can't compete, including Drake. Once "Like That" topped the chart, Cole responded with his own diss track about Lamar, "7 Minute Drill." In response, Lamar dropped "Euphoria," which labels Drake a "master manipulator and habitual liar, too."

Persons: Kendrick Lamar Kendrick Lamar, Drake, Jason Koerner, Kendrick Lamar, Lamar, it's, Cole collab, Aubrey, Cole, Drake didn't, Taylor, Tupac Shakur's Organizations: Toronto, Metro, Lamar

☆ Kendrick Lamar spells out what he hates about Drake in new diss track, 'Euphoria.' Here's their beef explained.
▼ + stars: | 2024-04-08 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +19 min

Kendrick Lamar responded to Drake with a new diss track, "Euphoria," as their beef rages on. AdvertisementKendrick Lamar has taken aim at Drake for a second time with his new diss track, "Euphoria," amid the hip-hop heavyweights' feud. Advertisement"He doesn't have the heart for the lying, disrespect, and animosity it requires to make an effective diss track," Pierre wrote. A 'Drake' diss track appears online – but fans are wary it's AI-generated. Later in the track, Drake references Cole's diss track and apology.

Persons: Kendrick Lamar, Drake, Lamar, Taylor, —, Lamar dissed Drake, J, Cole, Rick Ross, Cole —, he's, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, Prince, Mike Jack, Prince . Prince, “ Organizations: Metro Boomin, Service, Future, Metro, HBO, Wireless, Lamar, Big, Rocky, Rap Locations: Lamar, Canadian, Florida

☆ Nicki Minaj and Megan Thee Stallion's feud has hip-hop experts weighing in on who won
▼ + stars: | 2024-01-29 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +7 min

Nicki Minaj and Megan Thee Stallion have released diss tracks about each other. The latest celebrity feud is between Megan Thee Stallion and Nicki Minaj, and hip-hop experts are already weighing in on who won — so far. It all started on Friday when Megan dissed Nicki in her new single, "Hiss," prompting Nicki to reply with her own track. Although Megan didn't name anyone while taking a bevy of pointed jabs in the lyrics, many fans believed one line targeted Nicki Minaj and her husband, Kenneth Petty. "I don't think Megan thee Stallion is in the same breath as Nicki Minaj," Budden said.

Persons: Nicki Minaj, Megan Thee, Joe Budden, Hiss, Minaj, —, Megan dissed Nicki, Nicki, Megan didn't, Kenneth Petty, Megan, Petty, Tory Lanez, Lanez, God, Nicki Minaj's, Charlamagne, which's, Budden, " Budden, Megan doesn't, Megan Thee Stallion, David Crotty, Patrick McMullan, Nicki Cardi, Drake, Meek, Jason Koerner, Getty, It's, we'll Organizations: Service, Megan's, who's, Getty, Navy, Apple iTunes Locations: Miami

☆ How Tucker Carlson could be Smartmatic's star witness in its $2.7 billion defamation lawsuit against Fox News
▼ + stars: | 2023-06-30 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Ever since he was fired from Fox News, Tucker Carlson has been trying to escape from the network's grip. Carlson has a potential ace up his sleeve: becoming a friendly witness for Smartmatic in its pending $2.7 billion lawsuit against Fox News. Fox fired Carlson just days after it agreed to pay $787.5 million to settle a defamation lawsuit from Dominion Voting Systems. The judge previously ordered Fox to give Smartmatic all the discovery evidence in the Dominion lawsuit, handing Smartmatic a powerful weapon already. Fox News has contended that its actions are protected by the First Amendment and called Smartmatic's lawsuit an assault on free speech.

Persons: Tucker Carlson, Carlson, —, Fox, Smartmatic, Rudy Giuliani, Sidney Powell, Donald Trump, Joe Biden, Smartmatic's, Giuliani, Powell, Clay Calvert, Tucker, Gautam Hans, Fox shouldn't, Hans, it'll, Jason Koerner, " Carlson, Calvert, nonresident, he's, He's Organizations: Fox News, Service, Twitter, Dominion Voting Systems, Dominion, New York Times, Fox, Cornell Law School, News Corp, American Enterprise Institute Locations: Smartmatic, cahoots, Washington ,, New York

☆ Tucker Carlson could play a starring role in Smartmatic's $2.7 billion defamation lawsuit – and Fox News should be terrified
▼ + stars: | 2023-06-30 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Carlson has a potential ace up his sleeve: becoming a friendly witness for Smartmatic in its pending $2.7 billion lawsuit against Fox News. Fox fired Carlson just days after it agreed to pay $787.5 million to settle a defamation lawsuit from Dominion Voting Systems. The judge previously ordered Fox to give Smartmatic all the discovery evidence in the Dominion lawsuit, handing Smartmatic a powerful weapon already. Fox News has contended that its actions are protected by the First Amendment and called Smartmatic's lawsuit an assault on free speech. "He's obligated to tell the truth regardless of whether he had been fired," Calvert said.

☆ Here are 5 key trends shaping the liquor industry as spirits overtake beer for the first time
▼ + stars: | 2023-06-16 | by ( Stefan Sykes | ) www.cnbc.com time to read: +7 min

Jason Koerner | Getty ImagesCHICAGO — The spirits industry is overcoming economic headwinds to meet changing consumer preferences as it chips away at the dominance of beer. Despite supply chain issues and high inflation, the beverage alcohol industry has a lot to toast to these days, said Chris Swonger, president and CEO of DISCUS. "This is a great American success story," Swonger said of the industry's market share supremacy. As the spirits industry works to maintain its top spot this year amid fears of a recession, here are some key trends industry leaders who spoke to CNBC see shaping the business today. The company runs incubator and accelerator programs to develop Black talent within the spirits industry.

Persons: Casamigos, Alo, Jason Koerner, Beer, Chris Swonger, Swonger, We're, George Clooney, Mark Wahlberg, Wahlberg, Aron Marquez, Ryan Reynolds, Sean, Diddy, Combs, Kendall Jenner, Dwayne Johnson, Michael Jordan, David Beckham, it's, Patrick Shorb, Molson Coors, Tobin Ludwig, Pinkard Organizations: Alo Miami, Getty, CHICAGO, CNBC, Diageo, Chicago, Brands, Heineken, Anheuser, Busch InBev, Molson, Hella, Black Locations: Miami, United States, Chicago, Pennsylvania

☆ Credit Suisse CEO memo signals UBS deal to close Monday - Bloomberg
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

June 10 (Reuters) - Credit Suisse Group AG (CSGN.S) Chief Executive Ulrich Koerner has indicated that the emergency takeover of the bank by UBS AG (UBSG.S) will close on Monday, Bloomberg News reported on Saturday, citing an internal memo. "Monday's legal close is the next important step as we work to get you the answers you need as quickly as possible." On Friday, UBS Chief Executive Sergio Ermotti hinted the takeover of Credit Suisse would close on Monday, the earliest expected date. Earlier on Friday, the Swiss government agreed with UBS to guarantee up to 9 billion Swiss francs ($9.96 billion) of losses the bank may incur from the sale of its rival's assets beyond 5 billion francs the lender is due to cover itself. Credit Suisse and UBS did not immediately respond to a Reuters request for comment.

Persons: Ulrich Koerner, " Koerner, Sergio Ermotti, Urvi, Andrew Cawthorne, Mike Harrison Organizations: Credit Suisse Group AG, UBS AG, Bloomberg, UBS, Credit Suisse, Thomson Locations: Swiss, Bengaluru

☆ Credit Suisse CEO memo signals UBS deal to close Monday, Bloomberg reports
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

June 10 (Reuters) - Credit Suisse Group AG (CSGN.S) Chief Executive Ulrich Koerner has indicated that the emergency takeover of the bank by UBS AG (UBSG.S) will close on Monday, Bloomberg News reported on Saturday, citing an internal memo. "Monday's legal close is the next important step as we work to get you the answers you need as quickly as possible." On Friday, UBS Chief Executive Sergio Ermotti hinted the takeover of Credit Suisse would close on Monday, the earliest expected date. Earlier on Friday, the Swiss government agreed with UBS to guarantee up to 9 billion Swiss francs ($9.96 billion) of losses the bank may incur from the sale of its rival's assets beyond 5 billion francs the lender is due to cover itself. UBS declined to comment, while Credit Suisse did not immediately respond to a Reuters request for comment.

Persons: Ulrich Koerner, " Koerner, Sergio Ermotti, Urvi, Andrew Cawthorne, Mike Harrison, Louise Heavens Organizations: Credit Suisse Group AG, UBS AG, Bloomberg, UBS, Credit Suisse, Thomson Locations: Swiss, Bengaluru

CNN —A motorcycle rider died after colliding with a cyclist at the Ironman European Championship in Hamburg, Germany, event organizers announced. According to a statement from Ironman, a credentialled motorcycle collided with a competitor at the 36-kilometer mark of the bike route while traveling on the course in the opposite oncoming lane. The competitor continues to receive treatment in hospital and an event photographer, who was also riding on the motorcycle, was injured and has since been released from hospital, Ironman said. “We are devastated by this tragic accident,” the statement released on Sunday said. Alexander Koerner/Getty Images“The motorcyclist (70) died at the scene of the accident, the triathlete (26) was seriously injured and was taken to hospital.

Persons: “, Alexander Koerner Organizations: CNN, Hamburg, Sunday, ” Police, Reuters Locations: Hamburg, Germany, Nice, France, Kona , Hawaii

☆ Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +6 min

March 19: An emergency rescue of Credit Suisse, brokered by the Swiss government, central bank and financial regulator, is announced. March 23: Switzerland's financial market regulator FINMA defends its decision to impose steep losses on Credit Suisse bondholders, calling the decision legally watertight. Separately, some holders of Credit Suisse AT1 bonds wiped out by the merger instruct lawyers to represent them for possible litigation to recover losses. April 6 - UBS CEO Ermotti tells Credit Suisse staff to stay focussed on the business, but warns of "change and hard decisions" ahead. April 15 - The Federal Reserve approves UBS's acquisition of the U.S. subsidiaries of Credit Suisse.

Persons: Greensill, FINMA, Sergio Ermotti, Axel Lehmann, Ulrich Koerner, Ermotti, John Revill, Tomasz Janowski Organizations: UBS, Credit Suisse, Suisse, U.S . Securities, Exchange Commission, SEC, Silicon Valley Bank, Swiss National Bank, Saudi National Bank, Credit, Swiss Bank Employees Association, Federal Reserve, Court, Switzerland's Social Democratic Party, Thomson Locations: ZURICH, Silicon, Swiss, Switzerland

☆ UBS CEO warns of painful jobs decisions after Credit Suisse takeover
▼ + stars: | 2023-06-02 | by ( John Revill | ) www.reuters.com time to read: +2 min

BERN, June 2 (Reuters) - UBS (UBSG.S) Chief Executive Sergio Ermotti on Friday warned of painful decisions about job cuts following the takeover of Credit Suisse (CSGN.S), which he said he hoped would be formalised in coming days. Synergies is part of the story," Ermotti said at an event organised by the Asset Management Association Switzerland in Bern. That management reshuffle only saw Credit Suisse CEO Ulrich Koerner joining the top leadership. Switzerland's Social Democratic Party has drawn up proposals to shrink UBS assets after its takeover of Credit Suisse to reduce the risk of another expensive state-backed rescue. "I don't think we are too big for Switzerland," Ermotti said, adding that in banking "size matters."

Persons: Sergio Ermotti, Ermotti, Ulrich Koerner, John Revill, Tomasz Janowski Organizations: UBS, Credit Suisse, Asset Management Association, Swiss, Switzerland's Social Democratic Party, Thomson Locations: BERN, Bern, Switzerland

LONDON, May 18 (Reuters) - Credit Suisse (CSGN.S) came close to falling below minimum levels of cash held at the Swiss central bank days before its forced takeover by UBS (UBSG.S), a regulatory document shows. As of mid-March 2023, Credit Suisse barely reached its internal cash limit at the Swiss National Bank. Credit Suisse was forced into a government orchestrated rescue on March 19. FINMA and Credit Suisse declined to comment. FINMA stated in the decree that a viability event occurred and that Credit Suisse could therefore wipe out the instruments.

Besides Koerner, who spent over a decade at UBS before returning to Credit Suisse in 2021, UBS CEO Sergio Ermotti largely leaned on UBS executives in pulling together his new team. Commenting on Koerner's future role, UBS said Koerner would be responsible for Credit Suisse's operational continuity and client focus, while supporting its integration. Credit Suisse executive board members will report to both their relevant UBS executive board member and Koerner. Reuters reported last week that options under consideration for that business include a sale or an initial public offering of Credit Suisse's domestic unit. “This is a pivotal moment for UBS, Credit Suisse and the entire banking industry," Ermotti said in the statement.

☆ UBS says Credit Suisse CEO Koerner to join leadership of combined group
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

ZURICH, May 9 (Reuters) - UBS Group (UBSG.S) said on Tuesday Credit Suisse CEO Ulrich Koerner will join the executive board of the combined bank once it closes its takeover of its Swiss rival, while Todd Tuckner will replace Sarah Youngwood as chief financial officer. The leadership reshuffle follows the government-orchestrated rescue of Credit Suisse (CSGN.S), which UBS agreed to takeover in March for 3 billion Swiss francs ($3.4 billion), saying it would assume up to 5 billion francs in losses as part of a rescue backed by as much as 250 billion francs of state support. Commenting on Koerner's future role, UBS said he had knowledge of both organisations and would be responsible for Credit Suisse operational continuity and client focus, while supporting its integration. UBS reiterated that it will evaluate all options for Credit Suisse’s Swiss business and will "communicate further on this matter in the coming months." Reporting by Tomasz Janowski; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ UBS announces Credit Suisse CEO Koerner to join board after emergency rescue
▼ + stars: | 2023-05-09 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

UBS on Tuesday announced that Credit Suisse CEO Ulrich Koerner will join the executive board of the new joint entity once its emergency purchase of the stricken bank completes. The Credit Suisse brand will operate independently for the "foreseeable future" as UBS integrates the business in a "phased approach," the bank said in a statement. Swiss authorities brokered the controversial emergency rescue of Credit Suisse by UBS for 3 billion Swiss francs ($3.37 billion) over the course of a weekend in March, as a crisis of confidence among depositors and shareholders threatened to topple the 167-year-old institution. UBS confirmed that it will initially manage the two separate companies upon the closure of the deal, with each institution continuing to operate its own subsidiaries and branches while the UBS board of directors and executive board will hold overall responsibility for the consolidated group. Koerner, who took over the ailing Credit Suisse in July 2022 and immediately launched a massive strategic overhaul aimed at reversing the bank's chronic loss-making and risk management failures, will join the board, UBS confirmed.

☆ UBS says Credit Suisse CEO Ulrich Koerner will join its board
▼ + stars: | 2023-05-09 | by ( ) edition.cnn.com time to read: +4 min

Besides Körner, who spent over a decade at UBS before returning to Credit Suisse in 2021, UBS CEO Sergio Ermotti largely leaned on UBS executives in pulling together his new team. Some media had speculated that a number of Credit Suisse bankers would take up senior roles at the new group. Credit Suisse executive board members will report to both their relevant UBS executive board member and Körner. “This is a pivotal moment for UBS, Credit Suisse and the entire banking industry,” Ermotti said in the statement Tuesday. Zuercher Kantonalbank said this meant there would be initially no big changes for the current Credit Suisse management.

☆ Who won the Fox-Dominion case? Lawyers and an obscure private-equity fund
▼ + stars: | 2023-04-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

That remains true in the case of Fox News and Dominion Voting Systems, which averted a trial with an 11th-hour deal Tuesday. Money aside, Fox had to acknowledge the court’s ruling that “certain claims about Dominion” that Fox perpetuated on-air were in fact false. The Neutral-to-Positive Winner: Dominion Voting SystemsFor more than two years, Dominion spent untold amounts of money building a defamation case against one of the most popular TV networks on the planet. Davida Brook, left, Justin Nelson, second from left, and Stephen Shackelford, attorneys for Dominion Voting Systems, exit the New Castle County Courthouse in Wilmington, Delaware, on Tuesday. But for a company that’s valued somewhere between $30 million and $80 million, it’s quite a deal.

What they alleged: Election fraud, algorithm flips, Venezuela ties, kickbacks. What they alleged: Election fraud, algorithm flips, Venezuela ties. #MAGA @realDonaldTrump #AmericaFirst #Dobbs,” Dobbs wrote. #MAGA #AmericaFirst #Dobbs,” Dobbs wrote. Key false quote: “Every outlet in the country, they go, ‘Mike Lindell, there’s no evidence, and he’s making fraudulent statements.’ No.

ZURICH, April 4 (Reuters) - Credit Suisse (CSGN.S) will face shareholder anger on Tuesday at what will be its final annual general meeting after the bank was rescued last month by Swiss rival UBS (UBSG.S). Tuesday's shareholder meeting marks an ignominious end for the 167-year-old flagship bank founded by Alfred Escher, a Swiss magnate affectionately dubbed King Alfred I, who helped build the country's railways and then Credit Suisse. After a run on deposits, the Swiss government turned to UBS, which agreed to buy Credit Suisse for 3 billion Swiss francs ($3.3 billion), a fraction of its earlier market value. In the lead up to Tuesday, Credit Suisse said it had withdrawn certain proposals from the meeting's agenda. Meanwhile, the office of the attorney general on Sunday said Switzerland's Federal Prosecutor has opened an investigation into the Credit Suisse takeover.

☆ Former Tucker Carlson producer says Fox News lawyers coerced her into saying coworkers were trustworthy: 'They're activists, not journalists'
▼ + stars: | 2023-03-27 | by ( Jacob Shamsian | Charles R. Davis | ) www.businessinsider.com time to read: +9 min

The New York lawsuit alleges that Fox News executives and producers denied her promotions and salary adjustments that would bring her in line with male colleagues. In another section of the lawsuit, Grossberg alleges a producer on Carlson's show repeatedly made antisemitic remarks. In her revised deposition, Grossberg answers that Bartiromo — one of the Fox News hosts who platformed Powell — has a "responsibility to push back against untrue statements with fact." "That did not happen with respect to Dominion-related reporting," Grossberg claims. "Ms. Grossberg ignored these communications and chose to file her complaint without taking any steps to protect those portions containing Fox's privileged information."

March 21 (Reuters) - Investors on Tuesday took some heart from the rescue of troubled lender Credit Suisse by its Swiss rival UBS (UBSG.S), though concerns lingered about the risk of shockwaves further damaging credit markets and smaller U.S. banks. "The current situation in U.S. regional banks and Credit Suisse has raised concerns about contagion risk," said Grace Tam, chief investment advisor Hong Kong at BNP Paribas Wealth Management. Credit Suisse CEO Ulrich Koerner, who was expected to attend the conference, however, dropped out and the event was closed to media after the weekend rescue. Shares in First Republic Bank (FRC.N) halved on Monday on worries that last week's $30 billion infusion of capital would not be enough. The regulators said owners of this type of debt would only suffer losses after shareholders have been wiped out - unlike at Credit Suisse, whose main regulators are in Switzerland.

☆ Fox bosses ‘shut down’ fact checking with 2020 conspiracies, Dominion lawyer says
▼ + stars: | 2023-03-21 | by ( Marshall Cohen | ) edition.cnn.com time to read: +11 min

Dominion is suing Fox News over the right-wing channel’s airing of false claims of election fraud around the 2020 presidential election. Fox News argued that Dominion should instead rely on the “lengthy depositions” that these witnesses already gave. It claims Dominion hasn’t shown anything strong enough to overcome the high bar that the First Amendment provides, protecting good-faith journalists from speech-chilling defamation lawsuits. Dominion lawyer Rodney Smolla said its high-stakes defamation case against Fox News will protect the public discourse and hold accountable people who deliberately lied about the 2020 election. “They endorsed,” Murdoch said, referring to Fox hosts Sean Hannity, Jeanine Pirro, Maria Bartiromo, and former host Lou Dobbs.

The FT said UBS had offered a price of 0.25 Swiss francs ($0.27) a share to be paid in UBS stock. Credit Suisse shares ended Friday at 1.86 Swiss francs. Credit Suisse and UBS declined to comment on the reports when contacted by CNBC. The Swiss bank's balance sheet is around twice the size of Lehman Brothers when it collapsed, at around 530 billion Swiss francs as of end-2022. It reported a full-year net loss of 7.3 billion Swiss francs for 2022 and expects a further "substantial" loss in 2023.

The terms of the deal will see Credit Suisse shareholders receive 1 UBS share for every 22.48 Credit Suisse shares they hold. "This acquisition is attractive for UBS shareholders but, let us be clear, as far as Credit Suisse is concerned, this is an emergency rescue. The Swiss National Bank pledged a loan of up to 100 billion Swiss francs ($108 billion) to support the takeover. UBS initially offered to buy Credit Suisse for around $1 billion Sunday, according to multiple media reports. It reported a full-year net loss of 7.3 billion Swiss francs for 2022 and expects a further "substantial" loss in 2023.

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