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Blink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, has filed for Chapter 11 bankruptcy protection. The fitness brand, with more than 100 centers in the U.S., is the latest chain to seek bankruptcy post-pandemic, following companies such as New York Sports Club, 24 Hour Fitness and Gold's Gym. Earlier this year, Equinox also launched a $40,000 annual gym membership aimed at its most affluent member base in an effort to improve its finances as well. Unlike Blink, Planet Fitness reported strong membership growth of 7% year over year in its second quarter to reach a total of 19.7 million members. Planet Fitness shares recently hit a 52-week high, reaching levels not seen since May 2023.

Persons: Guy Harkless, Blink, — Organizations: Equinox Group, New York Sports Club, CNBC, Fitness, Planet Fitness Locations: U.S

“Sounds like something I would say,” responded Cohen, Trump’s former lawyer and fixer. The question set the tone for the cross-examination of the Manhattan district attorney’s key witness in the hush money trial against the former president. For roughly two hours, Blanche began a cross-examination to try to discredit Cohen’s allegations against Trump. Blanche then asked whether Cohen called Trump a “Cheeto-dusted cartoon villain.”“That also sounds like something that I said,” Cohen said. “You were telling the truth, correct?” Blanche asked in regards to the compliments Cohen gave Trump.

Persons: Donald Trump’s, Todd Blanche, Michael Cohen, Blanche, Cohen, Cohen “, ”, Trump’s, Stormy Daniels, Trump, Daniels, Joshua Steinglass, Juan Merchan, ” Cohen, “, Donald Trump, ’ ” Cohen, Trump Blanche, ” Blanche, Blanche . Trump, Robert Mueller’s, Jay Sekulow, –, Susan Hoffinger, Florida Sen, Rick Scott, Sen, J.D, Vance of Ohio, Doug Burgum, Mike Johnson, Byron Donalds, Cory Mills, Vivek Ramaswamy, Johnson, Lara Trump, Eric Trump, ” Ramaswamy, ” Trump Organizations: CNN, Trump, Trump . Assistant, Trump –, Federal, Commission, FBI, Trump Organization, North Dakota Gov, Republican National Committee Locations: Manhattan, Russia, United States, New York, Florida, Louisiana

These interviews have been edited for length:HOUSTON — A longtime resident of Houston, Monica Fulton, 51, prioritizes giving to organizations serving the city’s residents. That changed in 2018 when she helped organize a group of donors who pool their funds to support small organizations serving women and girls on Chicago’s South Side. The giving circle makes relatively small grants to organizations that have budgets of less than $500,000, where those grants can make a big difference. During the height of the pandemic, they took an online training through the organization Philanthropy Together about how to run a giving circle. “They trust that the group is doing the vetting and that their money’s going to a good cause.

Persons: Monica Fulton, She’s, ”, Fulton, “, Alicia Bailey, Bailey, ” Bailey, she's, I’ve, Ruben Brooks, Brooks, Ezekiel Taylor, ” Brooks, it's, ___, — Lynne Garfinkel, Pam Lowy, ” Lowy, Garfinkel, GivingTuesday Organizations: Associated Press, Houston Food Bank, Fulton, ”, Chicago Foundation for Women, ATLANTA, American, Atlanta Beltline, Big Brothers, Sisters, America, of Georgia, Ezekiel Taylor Foundation, Lilly Endowment Inc, AP Locations: Houston, Panama, Chicagoland, Atlanta, ___ LAFAYETTE, Lafayette, Boulder , Colorado

☆ A Nevada judge rejected a state ballot initiative on abortion rights, calling it overly 'broad'
▼ + stars: | 2023-11-25 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

A Nevada judge rejected a ballot measure that would protect abortion rights. AdvertisementA Nevada judge turned down a ballot measure that would have constitutionally protected abortion rights in the state, calling the amendment overly broad. AdvertisementKansas made headlines in 2022 when voters overwhelmingly opposed a measure that would have stripped state residents of abortion rights. Abortion rights also played a crucial role in elections in Virginia and Kentucky. Each has proposed — or is collecting signatures for — constitutional amendments supporting abortion rights.

Persons: Judge James T, Russell, —, Nevadans, James T, KOLO, Lindsey Harmon, Wade Organizations: Service, ABC, Nevada Independent, Nevadans, Las Vegas Locations: Nevada, Kansas, California, . Ohio, Virginia, Kentucky, Arizona, Florida , Missouri, South Dakota

☆ Trump loses first of several bids to toss suit seeking to block him from Colorado ballot
▼ + stars: | 2023-10-13 | by ( Marshall Cohen | ) edition.cnn.com time to read: +4 min

Colorado District Judge Sarah Wallace this week rejected Trump’s bid to get the lawsuit dismissed on free-speech grounds. A trial to determine Trump’s eligibility is set for October 30, if the case reaches that stage. Unprecedented casesCitizens for Responsibility and Ethics in Washington, or CREW, filed the Colorado lawsuit on behalf of a group of Republican and unaffiliated voters in the state. This is one of three major challenges against Trump’s eligibility for the 2024 ballot – similar cases are pending in Minnesota and Michigan, where a different group filed lawsuits. Griswold, a Democrat, previously told the judge that she doesn’t have a position on Trump’s eligibility and would comply with the judge’s final decision.

Persons: Donald Trump, Sarah Wallace, Trump’s, Wallace, ” Wallace, ” Trump, Trump, Donald Sherman, State Jena Griswold, Griswold, “ Organizations: CNN, Colorado, Republican, Trump, State, Democrat, Constitution Locations: Colorado, Washington, Minnesota, Michigan

☆ Auto suppliers urge Biden to provide financial assistance to address strike
▼ + stars: | 2023-09-26 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

WASHINGTON, Sept 26 (Reuters) - U.S. auto suppliers on Tuesday urged President Joe Biden to provide federal assistance to help auto parts companies impacted by the ongoing United Auto Workers strike against the Detroit Three automakers. MEMA, the Vehicle Suppliers Association, in a letter seen by Reuters urged Biden to "effectuate federal assistance to ensure the viability of this critical industry sector. Without federal assistance, the ability of the automotive industry to resume full manufacturing capacity is at risk." The group wants the Biden administration to provide low-interest loans and consider loan forgiveness for struggling small suppliers. The White House did not immediately comment and has previously declined to comment on whether it is considering programs to support auto suppliers.

Persons: Joe Biden, Biden, David Shepardson, Franklin Paul, Chris Reese Organizations: United Auto Workers, Detroit Three, Vehicle Suppliers Association, Reuters, Business Administration, Thomson Locations: Detroit

☆ A Shamrock partner explains how the $4 billion investment firm stays on top of media and entertainment, where 'every day there's a disruption'
▼ + stars: | 2023-09-22 | by ( Reed Alexander | ) www.businessinsider.com time to read: +4 min

"Every day there's a new article or a story or disruption taking place," Andrew Howard, a partner at Shamrock Capital, told Insider this summer about the firm's media strategies. Shamrock, which is based in California, pursues strategies in the private markets, mainly through equity or debt-based investments. Founded as a family office in the late 1970s for members of the Disney family, the firm has blossomed into an institutional investor exclusively focused on media, entertainment, and communications. Howard likened the speed of today's transformations to the dot-com arms race that defined the Internet landscape two decades ago. "We're coaching kids whose parents are running major studios and companies within media and entertainment," Howard said.

Persons: Andrew Howard, Shamrock, Howard, we're, effectuate Organizations: Shamrock Capital, Disney Locations: California, Los Angeles

SACRAMENTO, Calif. (AP) — Sacramento’s top prosecutor is suing the city’s leaders over failure to cleanup homeless encampments, escalating a monthslong dispute with leaders in California’s capital city. A group of residents and business owners also filed a companion lawsuit against the city. The lawsuit includes accounts from dozens of city residents living around 14 encampments. Roughly three-quarters of the county’s homeless population is unsheltered, and the majority of that group are living on Sacramento streets. City Attorney Susana Alcala Wood's office has also repeatedly urged Ho to work with the city to address the issue, she said.

Persons: —, Attorney Thien Ho, Ho, ” Ho, Darrell Steinberg, Steinberg, ” Steinberg, ”, Susana Alcala Wood's, Alcala Wood, he’s, Emily Webb, “ We're, “, ” Critics Organizations: Attorney, Sacramento County, Sacramento, City, ” Locations: SACRAMENTO, Calif, California’s, . County, Sacramento, California

☆ SEC seeks rule change that could cause fund managers to take less risk
▼ + stars: | 2023-07-07 | by ( Leslie Picker | ) www.cnbc.com time to read: +3 min

A sweeping change sought by the Securities and Exchange Commission would take fund managers' culpability a step further than current standards if they don't effectuate a greater standard of care. The rule change involves lowering the bar for indemnification of fund managers to "ordinary negligence" from "gross negligence." "It would monumentally change the relationship between fund managers and investors," said Marc Elovitz, partner and chair of the regulatory practice at Schulte Roth & Zabel, in an interview for the Delivering Alpha Newsletter. And investment managers are going to have a hard time protecting themselves from being on the hook for those risks." However, ILPA said that, "an ordinary negligence standard as applied to breach of contract would assure meaningful progress."

Persons: Marc Elovitz, Schulte Roth, Zabel, Schulte's Elovitz, ILPA, Gary Gensler Organizations: New York Stock Exchange, Securities and Exchange, Alpha, Institutional Limited Partners Association, SEC, Fund Advisers Locations: New York City

☆ Hundreds of activists packed Atlanta's City Hall to protest 'Cop City', but lawmakers approved $67 million in funding for it anyway
▼ + stars: | 2023-06-06 | by ( R.J. Rico | Associated Press | ) www.businessinsider.com time to read: +8 min

Hundreds of activists packed Atlanta's City Hall to protest the funding of "Cop City." But the City Council approved $67 million in funding for the police training center anyway. Arvin Temkar/Atlanta Journal-Constitution via APThe training center was approved by the City Council in September 2021 but required an additional vote for more funding. Though more than 220 people spoke publicly against the training center, a small handful voiced support, saying they trusted Dickens' judgment. Protestors gather in the atrium of Atlanta City Hall to protest the proposed police training center on Monday, June 5, 2023.

Persons: —, Andre Dickens, Dickens, Jason Getz, Manuel Paez Terán, Matthew Johnson, Johnson, Arvin Temkar, Councilmembers, Natrice Miller, Sen, Raphael Warnock, Devin Franklin, Franklin, Sara McClintock, councilmembers, McClintock, It's Organizations: Council, Service, ATLANTA, Atlanta City Council, City Council, Atlanta Police Foundation's, Atlanta, Beloved Community, Protesters, Hall, Atlanta Police Foundation, Atlanta City Hall, AP, Atlanta Solidarity Fund, Prosecutors, Democratic, Civil Rights Movement, Southern, For Human, City Hall, Emory University Locations: Atlanta, DeKalb County, City

☆ Bed Bath & Beyond files for bankruptcy protection
▼ + stars: | 2023-04-23 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +5 min

Bed Bath & Beyond on Sunday filed for Chapter 11 bankruptcy protection after a series of last-ditch efforts to raise enough equity to keep the business alive failed at the eleventh hour. Bed Bath has been hanging on by a thread ever since but has refused to go down without a fight. Days after the second stock offering was announced, Bed Bath said it had partnered with liquidator Hilco Global to boost its inventory levels. Soon, though, Bed Bath revealed in a securities filing that it didn't have enough cash to pay its debts and had defaulted on its credit line with JPMorgan. Under the reduced credit agreements, Bed Bath was on the hook for monthly interest payments.

☆ U.S. judge in Texas will soon rule on the abortion pill mifepristone. Here's what could happen
▼ + stars: | 2023-03-17 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

The Alliance For Hippocratic Medicine wants Judge Kacsmaryk to nullify the FDA's medical approval of mifepristone, which would effectively ban the abortion pill across the US. Senate Judiciary Committee | YouTubeA Texas judge will soon issue a pivotal ruling in a closely watched case challenging the Food and Drug Administration's approval of the abortion pill mifepristone. It's also possible that Kacsmaryk could order the agency to impose tighter restrictions on access to mifepristone but stop short of completely halting sales. Abortion rights groups and legal experts expect the judge will rule against the FDA in some form. Possible injunctionIf Kacsmaryk issues an order to withdraw mifepristone from the market, there are several ways such a ruling could be drafted.

One of the really interesting questions here – this will be fascinating – the core of linear TV is sports rights. When you look at the size and scope of the linear TV business, it's huge. Patrick T. Fallon | Afp | Getty ImagesByron Allen, Entertainment Studios founder and CEO: I think linear TV will exist for a very, very long time. Simmons: I believe Apple, out of nowhere, will start making their own awesome televisions that have Apple TV embedded in them. We are witnessing early stages of this dynamic with deals like "NFL Sunday Ticket" on YouTube and the MLS deal with Apple TV.

☆ U.S. Republican hardliner Biggs to challenge McCarthy for House speaker
▼ + stars: | 2022-12-06 | by ( David Morgan | ) www.reuters.com time to read: +2 min

REUTERS/Evelyn HocksteinWASHINGTON, Dec 6 (Reuters) - A hardline Republican U.S. lawmaker on Tuesday announced he will challenge House of Representatives party chief Kevin McCarthy for the House speakership, a prospect that could lead to party turmoil when the Republican-led chamber convenes in January. But both his allies and those of McCarthy, 57, of California, have pledged to hold multiple votes until a new speaker is chosen. Biggs, who mounted a failed bid for the House Republican speaker nomination last month, said he had decided to oppose McCarthy to "break the establishment." There was no immediate comment from McCarthy, who was nominated for the speakership over Biggs last month by 188 of his fellow Republicans. Republicans won a single-digit House majority in this year's midterm elections, a slim margin that would allow just a handful of Republican opponents to block McCarthy from becoming speaker.

☆ U.S. crypto broker Genesis says it is working to avoid bankruptcy filing
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +2 min

Nov 29 (Reuters) - U.S. cryptocurrency brokerage Genesis said it was seeking to avoid bankruptcy after Bloomberg news reported on Tuesday that creditors to the firm are organizing with restructuring lawyers to prevent insolvency. "Our goal is to resolve the current situation in the lending business without the need for any bankruptcy filing," a Genesis spokesperson said. Genesis has hired investment bank Moelis & Company "to evaluate the best possible asset preservation strategy and effectuate a roadmap," the firm said in the letter. The crypto lending arm of U.S. digital asset broker Genesis Trading suspended customer redemptions earlier this month, citing the sudden failure of FTX, where its derivatives business has approximately $175 million in locked funds, the company had said. Venture capital company Digital Currency Group, which owns Genesis Trading and cryptocurrency asset manager Grayscale, owes $575 million to Genesis' crypto lending arm, Digital Currency Chief Executive Barry Silbert told shareholders this month.

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