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☆ Meet Flagboy Giz, a Rapper Uniting New Orleans Cultural Traditions
▼ + stars: | 2024-02-13 | by ( Millan Verma | ) www.nytimes.com time to read: +1 min

In his cluttered two-room apartment in Gentilly, a small neighborhood just south of Lake Pontchartrain in New Orleans, Flagboy Giz used dental floss to thread brightly colored beads through black gym shoes on a stormy February afternoon. An assemblage of neon feathers and phosphorescent beads burst out of drawers and scattered across the floor. Though he was out late at Mardi Gras balls the night before, Flagboy Giz, 37, had awakened early and headed directly to the bead store. “This is a tradition that you have to preserve,” he said, “so you’ve got to make sure you’re out there every year masking. Last year, I caught Covid two weeks before Mardi Gras, and I was still sewing with Covid.

Persons: Flagboy Giz, ”, you’ve, Covid Organizations: Mardi Gras, Gras Locations: Gentilly, Lake Pontchartrain, New Orleans, Mardi

King cakes in New Orleans were once uniform and simple — a ring of braided lightly sweet brioche topped with purple, green and gold sugar. Some began filling their king cakes with cream cheese or fruit preserves. Years ago, Williams said king cake was probably consumed a few times a year, perhaps during a king cake party during Carnival season. Now, said Williams, Mardi Gras season means almost daily king cake consumption for some. Customer Adrienne Leblanc loaded the back of an SUV with king cakes for friends and family in New Orleans and beyond.

Persons: ”, David Haydel Jr, Adrian Darby Sr, You've, Liz Williams, hasn't, Williams, King, —, ” Williams, Mardi, it's, Manny Randazzo's, Adrienne Leblanc, LeBlanc, “ Organizations: ORLEANS, Mardi Locations: New Orleans, Mardi, Rome, Mardi Gras, Houston, Mississippi

☆ Sanofi loses $21 billion in market value after dropping 2025 profit target
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: +2 min

Chesnot | Getty ImagesSanofi stock plunged on Friday, wiping 20 billion euros ($21 billion) off its market value, after it abandoned its 2025 profit target under a plan to list its consumer healthcare business to focus on its core innovative drugs business. Under a push to spend more on immunology and inflammation drug development, the company abandoned a target for a 32% operating profit margin for 2025 to focus on "long-term profitability." Sanofi shares trade at a 12 month forward price-to-earnings ratio of 11, a discount to AstraZeneca's 16 and global pharma index of 17, according to LSEG data. Bayer, led by a new CEO since June, has faced calls by several investors to split off its consumer business. EPS would see a strong rebound in 2025 but not enough to sustain the previous margin target.

Persons: Sanofi, drugmaker, Paul Hudson, Terence McManus, Kenvue, Johnson, Bayer Organizations: Chesnot, Getty, Sanofi, Bellevue Asset Management, Reuters, Barclays, Johnson, GSK, Pfizer Locations: Gentilly, Paris, France, Bellevue

Tens of thousands of people are scrambling for homeowners insurance in Louisiana at the peak of hurricane season after recent storms drove their carriers out of business. Massive claims from those storms drove large national insurance companies to scale back their coverage and remaining companies to jack up rates. The strategy seemed to work: Rates eventually stabilized, although Louisiana remained one of the most expensive states for homeowners insurance. That pushed the small insurance companies to their financial limits and squeezed reinsurers, who raised their rates. The state insurer’s rolls, which totaled 34,500 in August 2020, ballooned to about 110,000 last week.

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