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☆ China's 'ruinous' EV price war cannot last forever, says Volkswagen exec
▼ + stars: | 2024-11-23 | by ( Chris Johnston | Daniel Zwick | ) www.businessinsider.com time to read: +4 min

AdvertisementVolkswagen is committed to China despite a "ruinous" domestic EV price war, its brand chief says. Volkswagen remains firmly committed to China despite a "ruinous" EV price war by domestic rivals that has hit overseas automakers hard, its boss said. VW group sales in China fell by 12% in the first nine months of this year amid the rising popularity of models made by domestic manufacturers. Toyota maintained its top spot in the world for the fourth consecutive year in 2023, selling 11.2 million vehicles globally — about 2 million more than the VW group. "We build cars in China for China; the same is happening in Europe and North America.

Persons: Thomas Schäfer, Schäfer, Axel Springer, Mary Barra, Wang He, Donald Trump's, Trump, Elijah Nouvelage Organizations: Volkswagen, VW, Welt, Business, General, Rival German, BMW, Mercedes, Benz, Audi, Porsche, Labor, Toyota Locations: China, Germany, Europe, Spain, Czech Republic, Portugal, Slovakia, USA, Mexico, Canada, Chattanooga , Tennessee, North America

☆ The US is finally going to make a key explosive at home, and that's good news for the military
▼ + stars: | 2024-11-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

But a new US Army contract for a TNT production facility in Kentucky will change that. The US intends to start making TNT at home again. The US Army plans to build a domestic production facility for the explosive compound, which the Pentagon has long been forced to obtain from overseas. Restarting domestic TNT production is an investment in the country's industrial base, she said. The new TNT production facility is expected to help strengthen the US military's preparation for large-scale conflict.

Persons: It's, John T, Kevin Sterling Payne, Bradley Martin, Oleg Petrasiuk, Cynthia Cook, Cook, Reim Organizations: TNT, US Army, Pentagon, Factory, Army, USA, Defense, Armaments and, US, Russia, 24th Mechanised Brigade, AP, Industrial, Group, Center for Strategic, International Studies, Operation Locations: Kentucky, Russia, China, Ukraine, Army's, Germany, Navy, Kyiv, South Korea, Poland

☆ DEA passenger searches halted after watchdog finds signs of civil rights violations and racial profiling
▼ + stars: | 2024-11-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dilanianmug.Jpg | Ken Dilanian | ) www.nbcnews.com time to read: +5 min

The DEA concurred with most of the report’s recommendations but declined to comment. That employee was being paid by the DEA a percentage of the cash seized, the IG found, and had received tens of thousands of dollars over several years. In some cases, the DEA has seized money only to have judges order the government to return it. In 2020, NBC Los Angeles reported that $82,000 was seized by the DEA from an elderly man and his daughter in Pittsburgh. “It’s like I was mugged on the street.”USA Today reported in 2016 that, over a decade, the DEA seized more than $209 million in cash from at least 5,200 people at 15 busy airports.

Persons: General, Lisa Monaco, “, Justice Department “ Organizations: Drug, Administration, Department’s Office, Task Force, Department, Justice Department, Institute for Justice, DEA, Transportation Security Administration, NBC News, Prosecutors, NBC, ” USA Locations: Cincinnati, New York, New Orleans, Columbus , Ohio, NBC Los Angeles, Pittsburgh

☆ Trump suffers first defeat but as always doubles down for the next fight
▼ + stars: | 2024-11-22 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —For Donald Trump, every defeat is just the catalyst for his next battle. The Gaetz disaster suggests that despite his big election win, some laws of political gravity still apply to Trump. This may explain why two-and-a-half weeks into his transition, several of Trump’s Cabinet picks are embroiled in allegations of sexual misconduct, ethics or legal controversy. Like Gaetz, Hegseth was not prosecuted over the allegation and denies he did anything wrong. Plenty of presidents get a Cabinet pick knocked back and do just fine.

Persons: Donald Trump, –, Matt Gaetz, – Trump, Trump, Pam Bondi, MAGA, Gaetz –, elect’s, Manu Raju, Pete Hegseth, Hegseth, Linda McMahon, McMahon, Robert F, Kennedy Jr, groped, Eliza Cooney, “, Kennedy, he’d, ”, Cooney, “ I’m, he’s, Jean Carroll, didn’t, CNN’s Kristen Holmes, Gaetz, CNN’s Paula Reid, Sarah Ferris, Vance, Tulsi Gabbard, —, Maine Sen, Susan Collins, North Carolina Sen, Thom Tillis, JD Vance, ’, Bondi, she’s Organizations: CNN, Department of Justice, Trump, DOJ, GOP, Cabinet, Former Fox News, Department of Defense, Trump Cabinet, Department of Education, Wrestling Entertainment, WWE, Department of Health, Human Services, USA, Fair, Democratic, Social, Capitol, Senate Republican, Trump University, Republican Locations: Washington, California, Iraq, Afghanistan, Manhattan, Gaetz, Maine, North Carolina, Ohio, Bondi

☆ India: Doctor’s stabbing renews debate over hospital safety months after rape and murder of medic
▼ + stars: | 2024-11-22 | by ( Esha Mitra | ) edition.cnn.com time to read: +8 min

Their main demand then was a federal law, known as the Central Protection Act (CPA), to protect doctors and medical staff at their workplace. Several doctors work in the capital New Delhi, but they say things are much worse at remote health care centers. The survey had 1,566 responses from doctors, nurses and other medical staff across the country. Protests by medical staff in Kolkata earlier this year lasted for weeks following the rape and murder of a trainee doctor. The Supreme Court of India opened a case on the Kolkata trainee doctor’s rape and murder and formed a national task force to recommend measures to improve security at hospitals.

Persons: Balaji Jaganathan, ”, Abdul Hasan, –, barged, Samir Jana, medic’s, Kar, Anwesha Banerjee, Hasan, ‘, Banerjee Organizations: New, New Delhi CNN, Indian Medical Association, CNN, Central Protection Act, Hindustan Times, Health Ministry, Indian Ministry of Health, West, World Health Locations: New Delhi, India, Chennai, Tamil Nadu, Kolkata, Delhi, West Bengal

☆ McDonald’s is giving its menu the biggest shakeup in years
▼ + stars: | 2024-11-22 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —McDonald’s is hoping a new value menu will win back customers that have been put off by its higher prices. On Friday, the fast-food chain unveiled the “McValue” menu, a new, budget-friendly category that will roll out at US restaurants on January 7, 2025. Also on the McValue menu are more in-app offers, plus local food and drink deals organized by its franchisees. But the dollar menu proved relatively unpopular compared to the far more successful $5 value meal, which rolled out this summer. The McValue menu will replace what’s left of it.

Persons: New York CNN — McDonald’s, McDonald’s, We’ve, Joe Erlinger, what’s Organizations: New, New York CNN, McDonald’s Locations: New York, McDonald’s USA

Stop & Shop spokesperson Caroline Medeiros said that despite the limited number of products, Stop & Shop stores and pharmacies are still open and operating as the chain works to restock its shelves and anticipate item availability. “At my personal Stop & Shop, I noticed that there wasn’t a lot of chicken, ground turkey. A user showed pictures on a Facebook from a Stop & Shop in Pittsfield, Massachusetts with rows of empty shelves and wrote “Avoid Stop and Shop… their shelves are empty.” A user on TikTok posted a video with over 40 thousand views of the empty shelves in a Stop & Shop in South Boston. Many in the comments of both posts said they had been confronted with similar scenes at other Stop & Shop locations. “Stop & Shop is well stocked with turkeys and hams for the upcoming Thanksgiving holiday, along with staples like potatoes, gravy, and stuffing,” she said.

Persons: ”, Ahold Delhaize, Christy Phillips, Brown, Hannaford, Caroline Medeiros, Phillips, Medeiros, Nicole Cotton, Cotton, ” Cotton, Alan Liska, ” Liska, We’re Organizations: Shop, Hannaford, NBC News, “, Companies, Colonial Pipeline Locations: Netherlands, USA, New York , Massachusetts, Connecticut, Maine, Vermont, New Hampshire, Massachusetts , Connecticut , New York, Rhode Island, Boston, Pittsfield , Massachusetts, South Boston, cryptocurrency, North America, Australia, U.S, Russia

☆ DOGE wants to trim a $500 billion list of federal 'zombie' programs that includes veterans' healthcare, Pell grants, and NASA
▼ + stars: | 2024-11-21 | by ( Ayelet Sheffey | Andy Kiersz | ) www.businessinsider.com time to read: +4 min

AdvertisementElon Musk and Vivek Ramaswamy wrote an op-ed in The Wall Street Journal detailing their vision for cutting government costs. Elon Musk and Vivek Ramaswamy are eyeing recommendations to trim a list of government programs that include veterans' healthcare, childcare grants, and NASA. The programs' funding authorizations have lapsed because they were established or renewed by legislation authorizing Congress to allocate funds for a set number of years. Advertisement"If the spending isn't authorized, then we shouldn't be spending it," Ramaswamy wrote on X on Thursday. GOP Rep. Cathy McMorris Rodgers introduced legislation in 2016 — the USA Act — which would sunset what she called "zombie government spending programs" in three years and establish a commission to review all mandatory spending programs.

Persons: Elon Musk, Vivek Ramaswamy, Donald Trump's, Pell, Ramaswamy, NASA's, Elon Musk's, Cathy McMorris Rodgers, McMorris Rodgers Organizations: NASA, of Government, Congress, Congressional, CBO, Pell Grants, National Institutes of Health, Federal Bureau of Investigation, Ramaswamy, Corporation for Public Broadcasting, Elon, Elon Musk's SpaceX, Planetary Society, GOP, Treasury Department, Social Security Administration, Department of Health, Human Services

☆ CNBC Sport: The next big media rights deal isn't in the U.S.
▼ + stars: | 2024-11-21 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +17 min

In my inaugural CNBC Sport newsletter , I said the major American sports leagues have their media rights deals locked up for years to come. The NHL's Canadian media rights deal will end after next season. The company has said it intends to bid again for the Canadian media rights. In my inaugural CNBC Sport newsletter, I said the major American sports leagues have their media rights deals locked up for years to come. The NHL's Canadian media rights deal will end after next season.

Persons: Alex Sherman, Rogers, Gary Bettman, Amazon's, James Gay, Rees, Paul Martin –, Wayne Gretzky, Amanda Serrano, Nakisa Bidarian, Jake Paul, Mike Tyson, Katie Taylor, Taylor, Serrano, Tyson, Paul –, Amanda, Katie, Mike, Jake, Bidarian, Amanda's, hasn't, I'm, CNBC's Jake Piazza, Lillian Rizzo, Tiger Woods, Rory Mclroy, Mike McCarley, Steve Cohen's, Eli Manning, Derek Jeter, Michael Strahan, John McEnroe, Jimmy Fallon, Rickie Fowler, Xander Schauffele, Matt Fitzpatrick, Cameron Young, CNBC's Jess Golden, Dan Gilbert, Turner, John Tesh, LeBron James, Maverick Carter, Fulwell, Ben Winston, They'll, Peacock, CNBC's Dominic Chu, Mollie Marcoux Samaan, Marvel Entertainment Rob Steffens, Wanda Diamond, LOVB, LOVB Pro's, Michele Kang, Kang, Rob Manfred, That's, Manfred, Tomas Hertl, Thatcher Demko, Derek Cain Organizations: CNBC, CNBC Sport, Rogers Communications, NHL, National Basketball Association, National Football League, Rogers, Amazon Prime, Netflix, NFL, Amazon, Buffalo Bills, Kansas City Chiefs, CBS, Patriots, Sports Business, Golf Channel, Mike McCarley . New York Mets, Private Ventures, New, New York, WNBA, NBA's Cleveland Cavaliers, NBA, Warner Bros, Discovery, Turner Sports, U.S, ESPN, ABC, NBC, NBC Sports, SpringHill, Comcast, USA, English Premier League, NASCAR, WWE, Olympics, Marvel Entertainment, American Hockey League, Wanda Diamond League, Atwater Capital, U.S . Soccer, MLB, The Athletic, Professional Fighters League, Dubai Department of Economy, Tourism, Dubai Sports Council, PFL, San Jose Sharks, Vancouver Canucks, Rogers Arena, Sports, Reuters Locations: —, Canada, Canadian, U.S, Amazon, Europe, Salt Lake City , Utah, Mike McCarley ., Cleveland, Northeast Ohio, Atlanta , Austin, Houston, Madison, Omaha, Salt, Dubai

☆ The Miss Universe CEO said crowning a winner with 'blonde hair and blue eyes' is the 'ultimate evolution' for the pageant
▼ + stars: | 2024-11-21 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +8 min

But when a reporter asked Jakrajutatip about the evolution of the Miss Universe pageant, she fixated on Theilvig's looks. Hector Vivas/Getty ImagesJakrajutatip was in the audience at Miss Universe 2018 when Angela Ponce became the first transgender woman to compete. A month after the video was recorded, the 72nd Miss Universe pageant was held. AdvertisementMiss Universe's identity crisisThere have been subtle shifts in the Miss Universe and Miss USA pageants since Jakrajutatip took over the organization. Theilvig shares many similarities with every past Miss Universe winner: She is cisgender, under 29, unmarried, without children, and not plus-sized.

Persons: Anne Jakrajutatip, Victoria Kjaer, Jakrajutatip, Victoria Kjaer Theilvig, Theilvig, Kjaer Theilvig, Hector Vivas, Angela Ponce, Donald Trump, Josh Brasted, vitiligo, Osmel Sousa —, Raul Rocha —, —, Donald Trump Jr, Elon Musk, Trump, Rocha, Sousa, Musk, Barbies, CARL DE SOUZA, Alyssa Klinzing, I'm, Klinzing Organizations: Miss, Miss Universe, Miss USA —, BI, Miss USA, 72nd Miss, New York Times, WE, Trump Jr, USA, AFP, Miss Kansas Teen USA, Miss Kansas USA, Miss Houston USA Locations: Denmark, Nicaragua, India, South Africa

☆ Neo-Nazi group: Jewish leaders and Columbus officials reject Ohio march
▼ + stars: | 2024-11-21 | by ( Nicquel Terry Ellis | ) edition.cnn.com time to read: +8 min

The Columbus march was Hate Club’s first official event and appears to have been part of a turf war with the White nationalist supremacist Blood Tribe, Segal said. We will continue to strive to make Columbus a city where all residents feel welcome and safe.”‘Hate doesn’t get to have the last word’Some Columbus community leaders marched Sunday in unity against the prior day’s neo-Nazi demonstration. Derrick Holmes, senior pastor at Union Grove Baptist Church, told CNN affiliate WSYX of the White nationalist event. Columbus will always stand with those they seek to intimidate.”The presence of White supremacist groups in Ohio is not new. “This White supremacist activity never went away,” he said.

Persons: ”, WBNS that’s, White supremacists, Oren Segal, Club’s, Segal, ” Segal, “, Elaine R, Bryant, Derrick Holmes, doesn’t, Shannon Hardin, Donald Trump, White, Trump, “ I’m, ” Hardin, Vance, Courtney Hergesheimer, Joe, Biden, Andrew Bates, ” ‘, CNN’s Jim Acosta, Justin Kirschner, Kirschner, …, Nana Watson, Zach Klein, CNN’s Brianna Keilar, ” Klein, they’re, Hanna Organizations: CNN —, Hate, Defamation League, CNN, Nazi Party, Columbus police, Defamation League Center, White, Columbus Police, Union, Union Grove Baptist Church, Columbus City, Ku Klux Klan, University of Dayton, Trump, Columbus Dispatch, USA, “, American Jewish, Hamas, Islamic Relations, NAACP Columbus, Columbus Locations: Columbus , Ohio, United States, Nashville , New Hampshire, Boston , Virginia, Michigan, Washington, Columbus, Ohio, Union Grove, Charlottesville , Virginia, Cincinnati, Israel

☆ The fate of MSNBC could be in Trump’s hands
▼ + stars: | 2024-11-21 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

It’s true that analysts expect the Trump administration to generally be less hostile to mergers. Yet it’s also true that some Republicans – including some tapped to join the Trump administration – have been described as “Khanservatives” because they’ve called for tougher, not weaker, antitrust scrutiny. Earlier this year, Gaetz told NOTUS that the FCC chair’s work “inspired me” and he expressed hope she stays in power for a Trump administration. As Gaetz fights to survive a tough nomination process to be attorney general, Comcast dropped a bombshell in the media industry by spinning off MSNBC, CNBC, USA, Oxygen and other networks. “It’s hard not to look at the spinoff of CNBC and MSNBC as potentially a response to the new administration,” said Petro.

Persons: Donald Trump’s, Trump, Donald Trump, ” Craig Moffett, MoffettNathanson, Brendan Carr, Trump’s, Kamala Harris, Carr, Skydance’s, ”, Moffett, Jeffrey Sonnenfeld, Sonnenfeld, Gaetz, Vance, Lina Khan, it’s, they’ve, JD Vance, Khan, Biden, Matt Gaetz, NOTUS, “, Brian Roberts, Will Trump, Frank Louthan, Raymond James, It’s, Louthan, Lee Petro, Dickinson, it’s “, Petro Organizations: New, New York CNN, Department, T’s, CNN, Timer Warner, Trump, Comcast, MSNBC, CNBC, NBC, DOJ, Federal Communications Commission, FCC, Paramount, Fox News, CBS, Yale, Leadership, Time Warner, Biden, Federal Trade, ”, Washington DC Locations: New York, Florida, USA

☆ ‘I do not support the death penalty’: Why the prosecution in Laken Riley’s murder trial asked for life in prison
▼ + stars: | 2024-11-21 | by ( Eric Levenson | ) edition.cnn.com time to read: +6 min

“I do not support the death penalty,” Gonzalez wrote on Twitter, now X, in September 2020. The punishment stopping short of the death penalty, though, earned criticism from some right-wing firebrands like US Rep. Marjorie Taylor Greene. “Jose Ibarra deserves the death penalty,” the Republican from Georgia wrote on X. Four days after the killing, Gonzalez brought in Sheila Ross from the Prosecuting Attorney’s Council to join a task force in the murder case. Three months later, Gonzalez released the statement announcing prosecutors would not seek the death penalty.

Persons: Deborah Gonzalez, ” Gonzalez, Jose Ibarra, Laken Riley, Ibarra, I’m, ”, Allyson Phillips, “ I’m, H, Patrick Haggard, Marjorie Taylor Greene, “ Jose Ibarra, Allyson, Dawn Brinkley, ‘, ’, Feedback Jose Ibarra, Donald Trump’s, Gonzalez, “, Riley, Sheila Ross, Kalki Yalamanchili Organizations: CNN, Circuit, Twitter, Western, Attorney’s, Republican, USA, University of Georgia, Attorney’s Council Locations: Athens, –, Georgia, Venezuela

☆ Five things to look out for in NFL Week 12: A Super Bowl hangover and a head coach brothers’ clash
▼ + stars: | 2024-11-21 | by ( Andy Scholes | Ben Morse | ) edition.cnn.com time to read: +8 min

Here’s five things to know for Week 12:Your Super Bowl favorite: the Detroit LionsFor the first time ever, the Detroit Lions are the favorites to win the Super Bowl. The games are obviously very hard always and tough to win and just rewind a week ago at Houston, how hard that win was. Head coach Kyle Shanahan was asked if there is anything to the Super Bowl hangover and said: “I don’t think there is an answer about a journey or Super Bowl hangover. The 49ers suffered their fifth loss of the season in Week 11 at the hands of Geno Smith (right) and the Seattle Seahawks. Steelers QB Russell Wilson has previously won a Super Bowl during his time with the Seahawks and lost in another.

Persons: oddsmakers, Jared Goff, Goff, “, ”, we’ve, It’s, David Reginek, Geno Smith scampered, Kyle Shanahan, Geno Smith, David Gonzales, Patrick Mahomes, Mahomes, ” Mahomes, won’t, Isiah Pacheco, – they’ve, Bryce Young, Chris Boswell, Russell Wilson, ” Wilson, it’s, I’ve, Harbaugh, John, Jim Harbaugh, Jim, – Organizations: CNN, Fantasy, NFL, Atlanta Falcons, Buffalo Bills, Cincinnati Bengals, Jacksonville Jaguars, New, New Orleans Saints, New York Jets, Detroit Lions, Lions, Kansas City Chiefs, NFC, Houston Texans, Indianapolis Colts, Sunday, Jaguars, Reuters, San Francisco 49ers, Seattle Seahawks, Niners, 49ers, Green Bay Packers, Bills, USA, Reuters Chiefs, Chiefs, Kansas, Carolina Panthers, Panthers, Steelers, Bengals, Baltimore Ravens, Pittsburgh Steelers, Ravens, Baltimore, Browns, Football, Pittsburgh, Seahawks, Seattle, Jim’s Niners, Chargers, AFC, Cleveland Browns, Minnesota Vikings, Chicago Bears, Tennessee Titans, . Houston Texans –, New England Patriots, . Miami Dolphins –, Tampa Bay Buccaneers, . New York Giants, Dallas Cowboys, . Washington, Denver Broncos, Las Vegas Raiders, Arizona Cardinals, Seattle Seahawks –, Philadelphia Eagles, Los Angeles Rams, Los Angeles Chargers Locations: New Orleans, Detroit, Houston, Wisconsin, Buffalo, Kansas City, Carolina, Cleveland, Pittsburgh

The man accused of killing Georgia nursing student Laken Riley was found guilty of murder Wednesday in a case that became a flashpoint in the immigration debate earlier this year, ahead of the presidential election. Riley’s killing drew national attention to the immigration debate after officials announced that Ibarra is a Venezuelan citizen who entered the United States illegally in 2022. UGA students during a vigil for Laken Riley on Feb. 26. Joshua L. Jones / USA Today NetworkDuring the trial, prosecutors argued that Ibarra killed Riley after she fought off his attempt to rape her. The prosecution pointed to DNA and other evidence that they said linked Ibarra to Riley on the day of her murder.

Persons: Laken Riley, Jose Antonio Ibarra, Tom, ”, Jose Ibarra, Hyosub Shin, H, Patrick Haggard, Ibarra, Haggard, Allyson Phillips, Riley’s, “, ” Phillips, Phillips, ” Prosecutors, Riley, Donald Trump, Joshua L, Jones, Sheila Ross, Riley “, ” Ross, Diego Ibarra, Kaitlyn Beck, Diego, Jose Organizations: Superior Court, ”, University of Georgia, UGA, USA Locations: Athens, Clarke, Ga, Venezuelan, United States

Comcast announced a plan Wednesday to spin off most of its cable television networks into a separate publicly traded company. The new company will include the USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and the Golf Channel. Comcast will retain key NBCUniversal assets, including the NBC broadcast network, NBC News, NBC Sports, the streaming service Peacock, and the cable channel Bravo. The move comes as the traditional cable television bundle faces stiff economic headwinds, most notably the rise of cord-cutting and the shift to streaming alternatives. Matt Strauss will become chairman of the NBCUniversal Media Group.

Persons: Mike Cavanagh, ” Cavanagh, “, Cavanagh, Mark Lazarus, Anand Kini, Dan Ives, ”, ” Rich Greenfield, ” Greenfield, Cesar Conde, Conde “, ” Donna Langley, Peacock, Matt Strauss, Mark Woodbury Organizations: Comcast, USA Network, CNBC, MSNBC, SYFY, Golf Channel, NBC, NBC News, NBC Sports, Bravo, Wall Street Journal, Wedbush Securities, LightShed Partners, Wednesday, NBCUniversal, Group, Telemundo, NBCUniversal Entertainment, Studios, NBCUniversal Media, Universal, General Electric, Netflix, Amazon Prime Locations: NBCUniversal

The House Ethics Committee weighs releasing their report on Matt Gaetz. And Susan Smith, who made headlines for killing her sons 30 years ago, is up for parole. The Ethics Committee has jurisdiction only over sitting members of Congress, Johnson argues. But there is precedent for the Ethics Committee to publish reports after a member of Congress has resigned. Susan Smith up for parole 30 years after killing her sonsSusan Smith leaves court after a hearing in Union, S.C., in 1995.

Persons: Matt Gaetz, Susan Smith, Donald Trump, Gaetz, Susan Wild, Joel Leppard, Mike Johnson, Trump, Johnson, Read, Mike Cavanaugh, ”, Vladimir Putin, Brooks Kraft, Smith’s, Michael, Alex, Smith, Rafael Nadal, Jay Leno, Barbara Gauntt, Chokwe Antar Lumumba, Lumumba, — Bracey Harris Organizations: Comcast, Justice Department, Republicans, Democrats, Gaetz, MSNBC, Syfy, Golf, CNBC, Oxygen, NBC News, NBC, Bravo, United, Brooks, Brooks Kraft LLC, Getty, South, Davis, Mississippi State Capitol, Clarion, Ledger, Residents Locations: Florida, USA, U.S, Kyiv, United States, Ukrainian, Russian, Ukraine, Union, South Carolina, Northern California, Pacific, California, Jackson

Comcast is expected to announce a plan Wednesday to spin off its cable networks into a separate company, two people familiar with the matter told NBC News. Comcast had announced during its quarterly earnings call in October that it was considering spinning off its cable networks. Bravo will remain part of Comcast’s NBCUniversal because its content is heavily featured on Peacock, CNBC reported. Comcast Chairman and CEO Brian Roberts will have a voting position in the new entity, but he won't be on the board of directors, CNBC reported. Executive Vice President Adam Miller will become NBCUniversal’s chief operating officer, CNBC reported.

Persons: Mike Cavanagh, Peacock, Peacock's, Mark Lazarus, Anand Kini, Brian Roberts, Donna Langley, Matt Strauss, Cesar Conde, Adam Miller Organizations: Comcast, NBC News, MSNBC, Syfy, Golf, CNBC, Oxygen, Wall Street Journal, NBC, NBCUniversal, Bravo, Paris, NBCUniversal Entertainment, Studios, NBCUniversal Media Group, Group, Telemundo Locations: USA, NBCUniversal

☆ Comcast doesn't want its cable TV networks anymore
▼ + stars: | 2024-11-20 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

One of the country's biggest cable TV companies doesn't want its cable networks anymore. That's the pitch Comcast is making Wednesday as it announces plans to split off almost all of its cable TV networks into a new company. Into the spinco goes every cable network Comcast owns except for Bravo. For the record: Comcast says it thinks the cable networks it is ditching can be successful on their own. And as I said last month: Comcast is getting rid of its basic cable networks for the same reason everyone who owns basic cable networks would like to get rid of their cable networks.

Persons: Brian Roberts, Trump, Kamala Harris, Brendan Carr, Trump's Organizations: Cable, Comcast, Bravo, CNBC, MSNBC, NBC, Paramount, Warner Bros, Discovery, Disney, Federal Communications Commission, CBS, Fox News Locations: USA

☆ Why 'Real Housewives' maker Bravo is the only cable TV network that Comcast doesn't want to get rid of
▼ + stars: | 2024-11-20 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

AdvertisementComcast is looking to separate from most of its cable networks. Comcast wasn't bluffing about unloading its steadily declining cable TV networks. Related Video Why MassMutual is all in on the Boston Red Sox, according to CMO Jennifer HalloranNotably, Comcast's NBCUniversal isn't biding all of its cable networks adieu, however. However, Moffett said that the spun-off networks likely make more sense with Comcast than on their own. AdvertisementWhatever the fate of the spinoff, Comcast clearly sees the value of Bravo's scripted content, compared to the more challenged TV news business.

Persons: Jennifer Halloran, Comcast's, Bravo, Peacock, Brandon Katz, Katz, Nielsen, Michael Hodel, Craig Moffett, MoffettNathanson, Moffett, Rich Greenfield, Brian Wieser, Wieser Organizations: Comcast, Bravo, Boston Red Sox, NBC, Syfy, USA Network, Morningstar, NBA, Lightshed Partners, Madison, Investors Locations: Wall

☆ Marc Rowan is the visionary behind Apollo's private-credit boom. Here's what happens if he leaves for the Trump White House.
▼ + stars: | 2024-11-20 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

AdvertisementApollo CEO Marc Rowan has transformed Apollo since he took over as CEO in 2021. Since Marc Rowan took over Apollo Global Management in 2021, he's transformed the firm — sending the stock skyrocketing. Representatives for Apollo didn't return a request for comment on Rowan's plans or the firm's succession plans. Rowan is Apollo's second CEO since the firm was founded in 1990. In a presentation to investors in October, Rowan unveiled plans to double down on the firm's lending business.

Persons: Marc Rowan, Donald Trump, he's, Chris Kotowski, Oppenheimer, Rowan, Kotowkski, Marc, Kotowski, Scott Kleinman, Jim Zelter, Grant Kvalheim, Apollo didn't, Leon Black, Jeffrey Epstein, Apollo, Black, Epstein, Josh Harris, Harris, Athene, Kleinman, Zelter, Trump, it's Organizations: Apollo Global Management, Trump White House, APO, Washington, Apollo, Citigroup, Athene, Trump Locations: Athene USA

☆ Marc Rowan is the visionary behind Apollo's private-credit boom. Here's what may happen if he leaves for the Trump administration.
▼ + stars: | 2024-11-20 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

AdvertisementApollo CEO Marc Rowan has transformed Apollo since he took over as CEO in 2021. Here's what could happen to Rowan's vision if he leaves and who might fill his shoes. Since Marc Rowan took over Apollo Global Management in 2021, he's transformed the firm — sending the stock skyrocketing. Rowan is Apollo's second CEO since the firm was founded in 1990. AdvertisementJosh Harris, another founder, was also reportedly in the running for CEO, but Rowan got the job.

Persons: Marc Rowan, Donald Trump, he's, Chris Kotowski, Oppenheimer, Rowan, Kotowski, Marc, Apollo's copresidents, Scott Kleinman, Jim Zelter, Grant Kvalheim, Apollo didn't, Leon Black, Jeffrey Epstein, Apollo, Black, Epstein, Josh Harris, Harris, Athene, Kleinman, Trump, it's Organizations: Apollo Global Management, Trump White House, APO, Washington, Apollo, Zelter, Citigroup, Athene, Trump Locations: Athene USA

☆ Comcast’s cable networks spinoff raises questions about future of the TV business
▼ + stars: | 2024-11-20 | by ( Brian Stelter | ) edition.cnn.com time to read: +5 min

On Wednesday morning, the media giant confirmed that it is spinning off most of its cable channels, including MSNBC and CNBC, into a separate publicly traded company. The new company doesn’t have a formal name yet — Comcast is simplycalling it “SpinCo” — a suitable label since employees’ heads are spinning with questions. Discovery, spin off their cable channels too? How might the cable bundle business model be impacted? “This is a very clear, direct statement by Comcast” that “they are exiting the cable network business,” Greenfield said.

Persons: Mike Cavanagh, NBCUniversal, Tom Rogers, Rogers, “ it’s, ”, ” Rogers, Rich Greenfield, ” Greenfield, ’ It’s, Mark Lazarus, Lazarus, “, Joe Kernen, Greenfield’s, Greenfield, Matt Stoller, Hugh Johnston, “ SpinCo Organizations: New, New York CNN, Comcast, MSNBC, CNBC, Walt Disney Company, Warner Bros, NBC Cable, Lightshed Partners, Paramount, USA Network, SYFY, Golf, Rotten, NBC, American Economic Liberties, Disney, ” Fox Corp Locations: New York

☆ Geno Auriemma becomes all-time winningest college basketball coach in 40th year at UConn
▼ + stars: | 2024-11-20 | by ( Chantel Jennings | ) www.nytimes.com time to read: +5 min

STORRS, Conn. — UConn women’s basketball coach Geno Auriemma passed Tara VanDerveer as college basketball’s all-time winningest coach with the Huskies’ win over Fairleigh Dickinson on Wednesday night in Storrs. Advertisement“This is yet another outstanding milestone in a career filled with them for Geno Auriemma,” VanDerveer said in a statement. Alone, he has more NCAA Tournament wins than any program in men’s or women’s college basketball. In 1995, Lobo’s senior season, UConn won its first national title. From 2013 to 2016, the Huskies won four national titles and set a college basketball record by winning 111 consecutive games.

Persons: STORRS, —, Geno Auriemma, Tara VanDerveer, Auriemma, Azzi Fudd, ” VanDerveer, Geno, Chris, ” Auriemma, Paige Bueckers, Chris Dailey’s, Sue Bird, Diana Taurasi, Maya Moore, Napheesa Collier —, Dailey, Duke men’s, Mike Krzyzewski, Rebecca Lobo, Lobo’s, Swin Cash, Ashja Jones, Tamika Williams, Taurasi, Tina Charles, Moore, Stewart, Jared C, Tilton Organizations: — UConn women’s, Huskies, Fairleigh Dickinson, UConn, Naismith, WNBA, Dallas, Gampel, Stanford, VanDerveer, Tennessee, women’s, Getty Locations: Conn, Storrs

So why shouldn’t federal employees who are paid with taxpayer dollars be required to be in office?” the source said. Ending remote work across government is being considered a potential “early candidate” for executive orders that members of DOGE will recommend to Trump, the source said. “I can’t abandon this career,” one Library of Congress worker who lives in the Midwest told CNN. Another federal employee who works remotely told CNN that they would have to commute two to three hours to the nearest office. Other targets beyond remote workRemote work isn’t the only cost-cutting measure that is likely to be addressed through executive orders.

Persons: Donald Trump’s, Elon, Vivek Ramaswamy, Ramaswamy, “, ”, “ It’s, ” Everett Kelley, AFGE, Charlie Kirk –, –, DOGE, Kirk, doesn’t, aren’t, Musk Organizations: CNN, of Government, Republican, Trump, telework, Personnel Management, American Federation of Government Employees, Midwest, of Congress, Congress, General Services Administration Locations: Washington, DC, Washington ,

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