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☆ A Museum of BBQ is opening soon
▼ + stars: | 2024-10-18 | by ( Marnie Hunter | ) edition.cnn.com time to read: +3 min

CNN —Burnt ends, whole hogs, smoked brisket or dry-rub ribs? Few foods stir more debate than barbecue, and a new museum opening next year aims to look at all aspects of beloved barbecue culture. Set to open in spring 2025, the museum will occupy a 4,223-square-foot space at Crown Center shopping center in Kansas City. There you can sample the namesake burnt ends, once notably described as “burned edges of the brisket.”Burnt ends are a Kansas City specialty. Danny Edwards BLVD BBQ serves “a burnt ends plate with smoky bits of brisket,” and you’ll want the sweet potato fries on the side.

Persons: Jonathan Bender, Bender, Alex Pope, ” Bender, I’ve, Kelley Miller, Bender’s, LC’s, Arthur Bryant’s, ”, Danny Edwards, can’t, “ It’s Organizations: CNN, Carolinas, The, Crown Center, KC’s, ”, Big, Kansas City Locations: Kansas City , Missouri, Texas, Memphis , Tennessee, Kansas City, Kansas, Joe’s Kansas

☆ Discovery Dunes: Dubai’s ultra-luxury desert community is selling plots for up $50 million
▼ + stars: | 2024-05-22 | by ( Leah Collins | ) edition.cnn.com time to read: +4 min

CNN —Luxury real estate development company Discovery Land Company (DLC) has quietly launched a multi-million-dollar, ultra-luxury residential community in Dubai, where the most expensive plot of land will cost up to $50 million. Discovery Dunes will be DLC’s debut ultra-luxury residency in the Middle East. Discovery Land CompanyCustomizable comfortPerhaps the most coveted aspect of the exclusive community is its scope for customization. “The villas here at Discovery Dunes are extremely customized,” a representative of Discovery Land Company told CNN in an interview. Discovery Dunes is the latest of DLC’s ’s planned projects in the region and across the globe, including new sites in Europe, Portugal and Central America.

Persons: Tom Fazio, ”, Mike Meldman, Olson Kundig – Organizations: CNN, Discovery Land Company, Discovery, Edition, Discovery Land, “, San Locations: Dubai, ”, Discovery, Burj, Italy, Brazil, Argentina, San Diego, UAE, Burj Khalifa, Europe, Portugal, Central America

☆ Here’s what happens if Trump can’t get a $464 million bond
▼ + stars: | 2024-03-24 | by ( Mark Morales | ) edition.cnn.com time to read: +8 min

Trump personally owes over $454 million stemming from the ruling made by Judge Arthur Engoron back in February. Here’s what happens if Trump can’t secure the bond:Seizing bank accounts and cashIn theory, officials can begin the complicated legal process of taking his assets, barring any other strategic legal maneuvering from state prosecutors and countering from Trump’s legal team. “They walk in and give it to the manager,” said Adam Pollock, a former assistant New York State Attorney General who now specializes in judgment enforcement at Pollock Cohen LLP. “The attorney general’s office is the largest firm in New York State, if you think about it as a law firm. That is really the end of the day, I think, for the Trump organization in New York,” Litman said.

Persons: Donald Trump’s, Trump, Judge Arthur Engoron, Eric, Donald Jr, Letitia James, they’ll, ”, Peter Katz, Marshall, Adam Pollock, Pollock Cohen, “, “ They’re, Alden B, Smith, Pollock, Pollack, ” Pollock, ” Smith, Tish James, Harry Litman, “ That’s, James “, ” Trump, Chris Kise, ” Kise, Jean Carroll, Litman, ” Litman Organizations: CNN, New York Attorney, Trump Organization, Eastern, of, New, New York City Sheriff, New York, Springs ., New York State, “, Trump Locations: York, New York City, New York, Westchester County, Briarcliff Manor, Springs, Lago, Florida, Mar

☆ Some tianeptine products recalled as CDC links drug to ‘cluster of severe illness’
▼ + stars: | 2024-02-01 | by ( Amanda Musa | ) edition.cnn.com time to read: +4 min

Neptune Resources, which makes some tianeptine products, has issued a nationwide recall, according to an announcement posted this week. Products that contain tianeptine are sold under several brand names, including Pegasus and Zaza, the CDC says. The FDA has issued a warning urging consumers not to purchase or use tianeptine products due to serious risks including seizures, loss of consciousness and death. In recent years, at least two deaths related to tianeptine products marketed as dietary supplements have been reported to the FDA, data shows. Nine people said they had used tianeptine previously; six ingested tianeptine along with other substances, including alprazolam, kratom, tramadol, trazodone and gabapentin.

Persons: ”, Zaza, Dr, Sanjay Gupta Organizations: CNN, Centers for Disease Control, Neptune Resources, Resources, Food and Drug Administration, FDA, Pegasus, CDC, Neptune, Jersey Poison Control, CNN Health Locations: Neptune, Europe, Asia, Latin America, United States, Jersey

☆ When Nate Berkus Decorates Your Home, It’s Best Not to Change a Thing
▼ + stars: | 2024-01-16 | by ( Joanne Kaufman | ) www.nytimes.com time to read: +1 min

Patrick Page and Paige Davis met in the mid 1990s, during New York rehearsals for the first national tour of the musical “Beauty and the Beast.” But with Mr. Page working on his scenes in one studio (he played Lumière), and Ms. Davis, an ensemble member, singing and dancing in another, they didn’t really get acquainted until performances began in Minneapolis. “We started hanging out as friends, and we’ve been hanging out ever since,” said Mr. The couple’s 2001 alfresco nuptials were chronicled on the TLC series “A Wedding Story.”For several years, the vivacious Ms. Davis, now 54, was the host of TLC’s “Trading Spaces,” a home improvement show (wherein neighbors, backed by a design team, would redo a room in each other’s homes on a $1,000 budget), and later returned to her theater roots, starring in “Chicago” on Broadway. Recently, she completed an indie short film that’s due out this year.

Persons: Patrick Page, Paige Davis, Davis, “, we’ve, ”, alfresco nuptials Organizations: Broadway Locations: New York, Minneapolis, “ Chicago

☆ Black UAW workers won progress in America's auto industry. They are on strike for its future
▼ + stars: | 2023-10-07 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +12 min

The percentage of Black workers in the auto industry today is more than double their share of the workforce overall. But the decline in US auto jobs and the erosion of unions have hit Black workers hardest. Black workers are likelier to belong to unions, in any industry, compared to White and Hispanic workers. Black union workers earn on average 16.4% higher wages than non-union Black workers, and they are likelier to have health care and retirement benefits, studies show. Hard-won gains disappearSoon after Black auto workers broke into better paying jobs, the US auto industry began its long decline, decimating Black communities in particular.

Persons: Lynda Jackson’s, Jackson, ” Jackson, ” Lynda Jackson, Lynda S, Emily Elconin, ”, Tiffanie Simmons, Simmons, Steven Pitts, Luke Sharrett, Tesla, “, ” Pitts, Jim Crow, Henry Ford, Nelson Lichtenstein, “ Walter Reuther, Ford, Irving Haberman, Kevin Boyle, Boyle, Philip Randolph, Randolph, Franklin Roosevelt, Walter Reuther, —, James Meredith, Martin Luther King, Jr, Roy Wilkins, Phillip Randolph, Walther Reuther, Martin Luther King Jr, Reuther, ” Boyle, Spencer Platt, Josh Bivens, Biden, Erica Smiley, ” Smiley Organizations: New, New York CNN, Chrysler, Ford, General Motors, United Auto Workers, UAW, Detroit’s, Processing, Bloomberg, Getty, Ford Motor, Economic Policy Institute, UC Berkeley Labor Center ., Tesla, Ku Klux Klan, University of California, America, Northwestern University, Jobs, Walther Reuther . Express, Hulton, Southern Christian Leadership Conference, The League, Revolutionary Black Workers, Black, Economic, Institute, P Global Market Intelligence, Justice Locations: New York, Alabama, Detroit, America, Ypsilanti , Michigan, Wayne , Michigan, Detroit , Michigan, White, Fremont , California, . Mississippi, sharecropping, Chicago , New York, Pittsburgh, Cleveland, AFP, Santa Barbara, Ford's, Rouge, Dearborn , Michigan, Washington, Birmingham, Selma, Black, Flint, Midwest, autoworkers

The FIA decision does not guarantee Andretti will get the two-car team he wants. “Andretti Formula Racing LLC was the only entity which fulfils the selection criteria that was set in all material respects. Only four applicants completed the entire process; Andretti, with engines that would be General Motors-badged under the Cadillac banner, was deemed to be the only worthy applicant. Andretti has said his team will really be the American team with an actual American driver and the backing of GM and an American sponsor. For that reason, the parameters to join F1 and the entire application process is now extremely stringent.

Persons: Michael Andretti, Andretti, Cadillac, Mario Andretti, Michael, They've, Mohammed Ben Sulayem, Ben Sulayem, “, ” Ben Sulayem, Red Bull, Mercedes —, they've, Gene Haas, Haas Organizations: FIA, Andretti Global, Liberty Media, Andretti, Racing, “ Andretti, Motors, General Motors, GM, Audi, Honda, Ford, Porsche Locations: United States, North America, American

☆ BlackRock files for bitcoin ETF in push into crypto
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

BlackRock's iShares Bitcoin Trust will use Coinbase Custody as its custodian, according to a filing with the U.S. Securities and Exchange Commission (SEC). Last year, BlackRock launched a spot bitcoin private trust for institutional clients in the United States. A spot bitcoin ETF would track bitcoin's underlying market price. The SEC rejected Grayscale Investment LLC’s application last year to convert its flagship spot Grayscale Bitcoin Trust (GBTC.PK) into an ETF. The SEC has also rejected proposals for spot bitcoin ETFs from firms including Fidelity, Cboe Global Markets and NYDIG.

Persons: Brendan McDermid, Joshua Chu, CoinDesk, Manya Saini, Niket, Ankur Banerjee, Rae Wee, Devika Syamnath, Pooja Desai Organizations: BlackRock, New York Stock Exchange, REUTERS, U.S . Securities, Exchange Commission, SEC, Fidelity, Cboe, Thomson Locations: New York City, U.S, BlackRock, United States, Bengaluru, Singapore

The settlement between BP Products North America Inc., the Justice Department and the Environmental Protection Agency will also require the company to invest approximately $197 million in new technology and other capital improvements to reduce air pollution. The BP refinery near Lake Michigan released nearly 16 times the legal limit of benzene allowed by the Clean Air Act, the EPA said in 2009. Following the EPA's investigation, BP spent about $4 billion to expand the Whiting refinery to process heavy Canadian crude. The company also agreed to undertake a $5 million supplemental environmental project to reduce diesel emissions in the communities surrounding the Whiting Refinery and install 10 air pollutant monitoring stations. Reporting by Sarah N. Lynch and Laura Sanicola in Washington; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ Ed Sheeran Lets His Tears Flow on ‘-’
▼ + stars: | 2023-05-08 | by ( Jon Pareles | ) www.nytimes.com time to read: +2 min

In February 2022, Sheeran’s close friend Jamal Edwards died at 31; he was a YouTube tastemaker, producer, entrepreneur and D.J. Over the last decade, he has proved himself to be a consummate, driven 21st-century musician: gifted, career-minded and supremely adaptable yet easily recognizable, writing songs that revel in direct language and big feelings. Sheeran has made himself the USB port of pop songwriting, connecting with virtually everything. His new album completes a five-album arc of arithmetic symbols, with “-” following “+” (2011), “x” (2014), “÷” (2017) and “=” (2021). Per its title, “-” was intended to be a stripped-down singer-songwriter album, though Sheeran has by no means renounced big pop choruses.

☆ It’s OK to Spend $12.50 on a Wedding Dress Now
▼ + stars: | 2023-04-30 | by ( Rachel Wolfe | ) www.wsj.com time to read: 1 min

More brides are saying “No” to the dress. At least the one that costs thousands of dollars. Breaking with the tradition of tearful try-ons portrayed in reality shows like TLC’s “Say Yes to the Dress,” brides-to-be are cutting budgets, wearing hand-me-downs and even hitting Goodwill for gowns. Around 27% of those getting married in 2023 said they are willing to splurge on attire, compared with 47% of those who got hitched in 2022, according to planning site Zola’s annual survey of roughly 4,000 engaged couples.

[1/2] Tide laundry detergent is shown on display in Compton, California, U.S., January 10, 2017. Fabric and family care, which includes the paper products, are among the company's biggest businesses. P&G's margins, a key sign of profitability investors closely watch, could take a hit if the company continues with heavier discounts. “Tide is who we would benchmark, and we’re seeing more discounts with them, and the category at large among bigger players.”Whritenour added that discounts are now deeper and more competitive. Market research firm Circana is forecasting discounts will continue to grow this year across household products as consumers face a darkening economic situation.

☆ Nielsen Regains Key Media Accreditation
▼ + stars: | 2023-04-17 | by ( Megan Graham | ) www.wsj.com time to read: 1 min

Nielsen’s TV ratings provide audience estimates that networks use to sell commercial time and reassure advertisers they got what they paid. The media industry’s measurement watchdog, the Media Rating Council, said it voted to restore accreditation for Nielsen Holdings PLC’s national TV ratings service, which had been suspended since 2021. Nielsen has long been known for its U.S. TV ratings, which provide audience estimates that networks use to sell commercial time and reassure advertisers they got what they paid for, using a panel of households that let the company track what they watch. The MRC audits media-measurement products to instill confidence in their results, but pulled its accreditation of Nielsen’s national ratings after issues including pandemic-related undercounting of viewers.

☆ Warner Bros. Discovery unveils 'Max' super-streaming service
▼ + stars: | 2023-04-12 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

The new service, announced by CEO David Zaslav at a press event Wednesday, will launch May 23 and give consumers access to a large library of programming across Warner Bros. Discovery’s sprawling portfolio: Warner Bros., HBO, HGTV, Food Network, Cartoon Network, TLC and others. The ad-free version will cost $15.99, the price of the company’s existing HBO Max service. Warner Bros. Discovery's forthcoming "Max" streaming service Courtesy of Max“We are a global leader in sports and we are a global leader in news,” Zaslav said. Warner Bros.

☆ EU Draft Law Sets Out Moves to Secure Critical Energy Transition Materials
▼ + stars: | 2023-03-09 | by ( Yusuf Khan | ) www.wsj.com time to read: +5 min

According to draft legislation seen by The Wall Street Journal, the Critical Raw Materials Act aims to set standards and promote policy designed to ensure Europe has the metals and minerals it deems necessary for its energy transition and defense and energy security. The Critical Raw Materials Act will also make it easier to mine and process the materials within the bloc; establish a European Critical Minerals Board; identify strategic projects to mine, process and recycle the materials; and work to ensure those projects have quick permitting and sufficient funding. It also said the EU should be able to extract 10% and process 40% of its strategic raw material needs while also expanding recycling capacity so that 15% of consumption can come from secondary sources by 2030. Other countries such as Japan have put in place similar plans to secure raw materials. Raw materials projects could also be labeled as being in the public interest or as strategic, which could further streamline funding.

☆ EU Draft Law Sets Out Moves to Secure Supply of Critical Energy Transition Materials
▼ + stars: | 2023-03-09 | by ( Yusuf Khan | ) www.wsj.com time to read: +5 min

According to draft legislation seen by The Wall Street Journal, the Critical Raw Materials Act aims to set standards and promote policy designed to ensure Europe has the metals and minerals it deems necessary for its energy transition and defense and energy security. The Critical Raw Materials Act will also make it easier to mine and process the materials within the bloc; establish a European Critical Minerals Board; identify strategic projects to mine, process and recycle the materials; and work to ensure those projects have quick permitting and sufficient funding. The purchasing system would negotiate with global sellers but will be structured to comply with EU competition law. Other countries such as Japan have put in place similar plans to secure raw materials. Raw materials projects could also be labeled as being in the public interest or as strategic, which could further streamline funding.

Bitcoin futures ETFs track bitcoin futures contracts, or agreements to purchase or sell bitcoin at a certain price on a specified date. A spot bitcoin ETF would track bitcoin's underlying market price. Proponents say a spot bitcoin ETF would give investors exposure to bitcoin without directly buying it. He told Reuters in January that Grayscale would appeal the case if the court backed the SEC's decision to reject its bitcoin ETF proposal. Grayscale Bitcoin Trust, launched in 2013, has $14 billion in assets under management, according to Grayscale’s website.

☆ Rio Tinto to Pay SEC $15 Million Over Foreign Bribery Charges
▼ + stars: | 2023-03-06 | by ( Mengqi Sun | ) www.wsj.com time to read: +3 min

Mining and metals company Rio Tinto PLC agreed to pay a $15 million civil penalty to settle a yearslong probe into allegations it violated U.S. foreign bribery law, the Securities and Exchange Commission said Monday. The payments allegedly made by Rio Tinto have prompted multiple corruption investigations in the U.S., U.K. and Australia. Rio Tinto PLC’s American Depositary Shares trade on the New York Stock Exchange. The SEC credited Rio Tinto for cooperating with the investigation by providing documents in a timely manner and for making its employees available for interviews. Rio Tinto consented to the SEC’s order without admitting or denying the findings.

Takeda CFO Costa Saroukos in a 2018 picture. Mr. Saroukos joined Takeda in 2015 as CFO of Takeda’s European and Canadian operations before he was elevated to global CFO in 2018. WSJ: What did you learn from your deal-integration experiences that helped with the Takeda and Shire integration? ” — Costa Saroukos, CFO of TakedaAnother reason speed is important is to avoid losing talent. We broadened CFOinUrpocket to be used globally across 80 countries for the combined Takeda and Shire offices.

☆ Lithium Industry Looks to Australia for Refining, Not Just Mining
▼ + stars: | 2023-02-21 | by ( Yusuf Khan | ) www.wsj.com time to read: +4 min

Chinese companies refine it into lithium sulfate and then process it into the lithium hydroxide used to make cathodes for batteries. China plays an outsize role in battery production, accounting for 44% of all lithium refining globally and 70% of battery cell production, according to Benchmark Mineral Intelligence. Some companies also are building European facilities for the next stage of the process: refining lithium sulfate into lithium hydroxide. Lithium mining projects in Germany and Portugal have emerged, although the permitting process can be complex, particularly if there is local opposition. In the meantime, new processing facilities can be built in three to five years, creating more opportunities for lithium mining companies.

☆ Barclays Profit Falls as Deal Making Declines; Shares Drop
▼ + stars: | 2023-02-15 | by ( Josh Mitchell | ) www.wsj.com time to read: 1 min

LONDON—Barclays PLC’s profit fell in the fourth quarter from a year earlier, as a downturn in deal making and raising funds for corporate clients held back its investment bank. The British banking giant disappointed investors by missing forecasts for a key measure of profit and giving an underwhelming outlook for the year ahead, helping send its shares sharply lower.

☆ Barclays Profit Falls as Deal Making Declines, Sending Shares Lower
▼ + stars: | 2023-02-15 | by ( Josh Mitchell | ) www.wsj.com time to read: 1 min

LONDON—Barclays PLC’s profit fell in the fourth quarter from a year earlier, sending shares in the British banking giant sharply lower. The bank on Wednesday said net profit fell 4% to £1.04 billion, equivalent to $1.2 billion, in the three months to December, down from £1.08 billion a year earlier. Analysts expected a profit of £919 million, according to a consensus of analyst estimates compiled by Barclays.

☆ The 2023 Super Bowl Ads Will Feature Booze, Betting and Jesus
▼ + stars: | 2023-02-10 | by ( Megan Graham | Patrick Coffee | ) www.wsj.com time to read: +10 min

The Super Bowl ads on Sunday are poised to promote an unusual mix of alcohol brands, gambling and Jesus. The Super Bowl still regularly draws an audience of around 100 million people, making it TV’s biggest event of the year and advertising’s biggest night. Planters’ Super Bowl ad features comedians mocking Mr. Peanut. The ads are likely to strike a lighter tone than the occasionally somber messages of Super Bowl ads in recent, highly politicized years or the early pandemic, said Anjali S. Bal, an associate professor of marketing at Babson College. Many Super Bowl advertisers have again released their ads well before Super Bowl Sunday to increase their chances of being seen.

☆ IPG Posts 3.8% Organic-Revenue Growth, Flags Tech-Sector Challenges
▼ + stars: | 2023-02-09 | by ( Megan Graham | ) www.wsj.com time to read: +3 min

Interpublic Group of Cos. reported organic-net-revenue growth of 3.8% for the fourth quarter, saying that growth continued—albeit at a slower pace—despite a more cautious marketing and media environment due to macroeconomic and geopolitical factors worldwide. Net revenue in the fourth quarter of 2022 was $2.55 billion, relatively flat when compared with the fourth quarter of 2021. For all of 2022, IPG reported organic-net-revenue growth of 7%. “As expected, growth slowed in the fourth quarter, consistent with global macroeconomic and geopolitical crosswinds which we are all aware of,” Chief Executive Philippe Krakowsky said on the company’s earnings call Thursday. Earlier this week, IPG competitor Omnicom Group Inc. reported organic-revenue growth of 7.2% for the fourth quarter.

☆ Perfect Storm for Some Companies: Fewer Interest Deductions, Rising Rates
▼ + stars: | 2023-02-06 | by ( Mark Maurer | ) www.wsj.com time to read: +9 min

For some firms, the move shrank the amount of taxable income that can be offset by interest expenses. Higher interest rates generally lead to higher interest expenses tied to companies’ variable-rate debt, new borrowings and refinancings. The cap can hit companies’ cash flows immediately, though not necessarily their financial statements, due to timing differences in claiming the deductions. Aluminum maker and recycler Novelis plans to allocate less cash toward its venture-capital arm due to the higher interest expenses. Leveraged loans have variable rates that typically reset every one to three months, based on short-term interest rates.

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