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☆ Ukraine’s counteroffensive is now underway. Here’s what’s happened so far
▼ + stars: | 2023-06-17 | by ( Tim Lister | ) edition.cnn.com time to read: +11 min

CNN —Ukraine’s counteroffensive against Russian forces has not yet gained the momentum that some overly optimistic observers anticipated. Still it is a formidable task: in the south especially, Ukrainian forces must conduct a frontal assault against deeply prepared defensive positions, and critically they lack air superiority. It’s worth noting that Russian units in one heavily-contested area – belonging to the 58th Combined Arms Army – are among the most effective in the military. Ukrainian units in the area have had to adapt, often breaking down into smaller groups that are less easily detected. Dmytro Kuleba, Ukrainian Foreign Minister, has said that if the offensive succeeds in expelling Russian forces from Ukrainian land, “It will be the last.

Persons: CNN —, pare, Volodymyr Zelensky’s, Mykhailo Podolyak, ”, Oleksandr Syrskyi, Yan Dobronosov, Matthew Schmidt, Staff Valery Gerasimov, Mick Ryan, don’t, Gerasimov, Valentyna, Alexander Ermochenko, Olga Maltseva, Schmidt, “, Richard Haas, Charles Kupchan, Dmytro Kuleba Organizations: CNN, CNN — Ukraine’s, Russian, Ukrainian Land Forces, University of New, Staff, Army, Air Force, Reuters, Separate Territorial Defense Brigade, “ Aviation, Getty, Kremlin Locations: Ukraine, Crimea, Donetsk, Russian, Bakhmut, Ukrainian, Kharkiv, “ Ukraine, University of New Haven, Washington, Vietnam, Afghanistan, Zaporizhzhia, AFP

☆ Floods from the wrecked dam in Ukraine forced Russia to withdraw 6 miles and lose fortifications in 12 settlements, experts say
▼ + stars: | 2023-06-13 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

The think tank said flooding destroyed Russian positions and forced it to withdraw in some areas. Ukraine accused Russia of destroying the dam, and said it has intercepted phone calls to prove it. Ukraine accused Russia of blowing up the dam, while Russia has blamed Ukraine for the damage. "The flood also destroyed Russian minefields along the coast, with footage showing mines exploding in the flood water," it added. Western countries have condemned Russia in broad terms, but without explicitly saying that Russia deliberately targeted the dam.

Persons: —, Volodymyr Zelenskyy, Hanna Maliar, Zelenskyy Organizations: Service, Washington DC, REUTERS, Russian, Ukrainian, NBC Locations: Ukraine, Russia, Ukrainian, Washington, Dnipro, Kherson

☆ How a 3.2-million-year-old human relative named Lucy walked
▼ + stars: | 2023-06-13 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Lucy's fossil includes 40% of her skeleton, one of the most complete Australopith fossils found to date. Edwin Remsberg/Alamy Stock PhotoAnalysis of Lucy’s fossil over the past 20 years has suggested that she and others of her species walked upright. Then, she used scans of Lucy’s fossil to determine how her joints were articulated and moved in life. Muscle modeling of Lucy, dubbed "AL 288-1," is compared side by side with human muscle maps. “Lucy likely walked and moved in a way that we do not see in any living species today,” Wiseman said.

Persons: “ Lucy, ”, Lucy, Edwin Remsberg, Dr, Ashleigh L.A, Wiseman, didn’t, Isaac Newton, waddle, Dr Ashleigh Wiseman, ” Wiseman, “ Organizations: CNN, Sky, Royal Society Open Science, University of Cambridge, Leverhulme, Isaac, Isaac Newton Trust, McDonald Institute for Archaeological Research Locations: Ethiopia, United Kingdom

☆ Washington Post publisher, CEO Fred Ryan to depart after overseeing growth under Jeff Bezos
▼ + stars: | 2023-06-12 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +7 min

From left, Washington Post Publisher Fred Ryan, Executive Editor Marty Baron, and National Security Editor Peter Finn, applaud as investigative reporter Tom Hamburger speaks to the newsroom after The Washington Post wins two pulitzer prizes, Monday, April 16, 2018, in Washington. Washington Post publisher and CEO Fred Ryan announced on Monday that he will step down from the helm of the newspaper in August. In a statement, the Washington Post said that it saw multiple years of profitability and a dramatic jump in digital subscriptions under Ryan. Read Fred Ryan's memo to employees here:Subject: Message for Washington Post ColleaguesDear Washington Post Colleagues,Nine years ago, I was honored to be selected by Jeff Bezos to be Publisher and CEO of The Washington Post. Read Jeff Bezos' memo here:Subject: Message for The Washington Post TeamDear Washington Post Team,I want to express my deepest gratitude and appreciation to Fred for his dedicated service to The Washington Post as our Publisher and CEO.

Persons: Fred Ryan, Marty Baron, Peter Finn, Tom Hamburger, Ryan, Jeff Bezos, Ronald Reagan, Jeff, Bezos, Patty Stonesifer, Melinda Gates, Read Fred Ryan's, We've, we've, Fred, Read Jeff Bezos, he's, I'm, She'll, Patty, You'll Organizations: Washington Post, National Security, Washington . Washington Post, Amazon, Foundation, Melinda Gates Foundation, Microsoft, The Washington Post, Innovative Media, Fast Company, Ronald Reagan Presidential Foundation and Institute, The Washington Post Team, Washington Post Team Locations: Washington .

☆ Fred Ryan, Publisher of Washington Post, to Step Down
▼ + stars: | 2023-06-12 | by ( Benjamin Mullin | Katie Robertson | ) www.nytimes.com time to read: +1 min

Fred Ryan, the publisher and chief executive of The Washington Post, told employees on Monday that he was stepping down, ending his nearly decade-long run as the newspaper’s top business executive. He was appointed by Jeff Bezos, the founder of Amazon and owner of The Post. In a note to staff, Mr. Ryan said that his next job would be leading the Center on Public Civility, a new project by the Ronald Reagan Presidential Foundation and Institute that is backed by Mr. Bezos. “Today, the decline in civility has become a toxic and corrosive force that threatens our social interactions and weakens the underpinnings of our democracy,” Mr. Ryan, 68, wrote in the memo. “I feel a strong sense of urgency about this issue.”Mr. Bezos thanked Mr. Ryan for his service in a separate note to employees, saying he led the newspaper through a period of “innovation, journalistic excellence and growth.” He will remain publisher for the next two months.

Persons: Fred Ryan, Jeff Bezos, Ryan, Ronald Reagan, Bezos, Mr Organizations: The Washington Post, Amazon, Center, Ronald Reagan Presidential Foundation and Institute Locations: “

☆ Ukraine reports small gains in early stages of counteroffensive
▼ + stars: | 2023-06-12 | by ( Tom Balmforth | ) www.reuters.com time to read: +5 min

It does not provide similar detail about fighting on the southern front where the main counteroffensive is expected. However, some prominent Russian military bloggers indicated that Ukrainian forces had taken Blahodatne and Neskuchne, although they said fighting for Makarivka was continuing. It is almost certainly far too early to draw conclusions about the fate of the counteroffensive from early skirmishes that may be more about testing Russian defences than pursuing a major advance. "When we see large, armoured formations join the assault, then I think we’ll know the main attack has really begun." But Yevgeny Prigozhin, the increasing recalcitrant and voluble leader of the Wagner militia, which captured Bakhmut from Ukrainian forces after almost a year of attritional fighting, said on Sunday he would refuse to sign.

Persons: Read, Makarivka, Ben Hodges, Vladimir Putin's, Ramzan Kadyrov, Akhmat, Yevgeny Prigozhin, Wagner, Bakhmut, Sergei Shoigu, Pavel Polityuk, Tom Balmforth, Anna Pruchnicka, Lidia Kelly, Kevin Liffey, Peter Graff Organizations: Ukrainian, Reuters, Brigade, Marines, Washington -, Defence Ministry, Thomson Locations: Ukrainian, Donetsk Region, Ukraine, KYIV, Kyiv, Storozheve, Azov, Crimea, Bakhmut, Avdiivka, Bilohorivka, Moscow, U.S, Europe, Washington, Russia, Chechnya, Caucasus, Maryinka, Gdansk, Melbourne

☆ Anthony Bourdain died 5 years ago. Here's 5 ways he helped reshape the food industry.
▼ + stars: | 2023-06-10 | by ( Ryan Hogg | Nathan Rennolds | ) www.businessinsider.com time to read: +5 min

Anthony Bourdain was a maverick chef who helped change the food industry. Here are five ways Bourdain changed the way many people eat and think about food. Here's how he helped change the restaurant industry and the way we eat. Don't eat fish on a MondayIn "Kitchen Confidential," Bourdain appeared to expose a common money-making ploy in the restaurant business — often at the expense of the customer. It's unclear if his advice affected fish consumption in New York restaurants on Mondays.

Persons: Anthony Bourdain, Bourdain, —, Bourdain's, Barb Stuckey, Barack Obama, Bun, Lien, Jim Watson, Patrick Radden Keefe, Alan Richman, Keefe, Richman, CNN Bourdain, KF Seetoh Organizations: Service, Travel, CNN, Forbes, The Food Institute, GQ, Singaporean hawker Locations: New York, America, Vietnam, Hanoi, New York City, Manila, Singaporean, Singapore

☆ Tech leaders are calling for an A.I. pause because they have no product ready, Palantir CEO says
▼ + stars: | 2023-06-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Palantir's boss Alex Karp opposes the idea of a pause in artificial intelligence research, in contrast to an open letter from the Future of Life Institute signed by some of the biggest names in the tech industry. The letter, which has garnered over 31,000 signatures including names like Tesla CEO Elon Musk and Apple co-founder Steve Wozniak, called for a pause on AI research on models larger than GPT-4, which powers tools such as ChatGPT. The letter also said that if "such a pause cannot be enacted quickly, governments should step in and institute a moratorium." Speaking to BBC Radio in an interview broadcast Thursday, Karp said he is of the view that "many of the people asking for a pause, are asking for a pause because they have no product." To him, "studying this and allowing other people to win both on commercial areas and on the battlefield" is a really bad strategy.

Persons: Alex Karp, Elon Musk, Steve Wozniak, Karp Organizations: Life, Apple, BBC Radio

☆ New York overtakes Hong Kong as the most expensive city in the world for expats, new survey shows
▼ + stars: | 2023-06-08 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +4 min

Hong Kong has ended its four-year reign as the most expensive city globally for expatriates, according to a survey — as New York surpasses it to first place. Hong Kong has ended its four-year reign as the most expensive city globally for expatriates — surpassed by New York which took first place, according to a new survey. Hong Kong fell in our rankings as the increase in prices of day-to-day goods and services was tempered by falls in accommodation costs in the city. Lee Quane ECA InternationalStill, Hong Kong retained its position as the most expensive location in Asia. Reports suggest residents of Hong Kong left the city in droves last year — due to Covid-19 restrictions and what they see as an erosion of democratic norms.

Persons: —, Lee Quane Organizations: New, ECA, assignees, Lee, Asia, U.S . Federal, Urban Land Institute, ULI, Asia Pacific Centre for Housing, U.S ., San Locations: Hong Kong, New York, Asia, Singapore, Asia Pacific, Asia Hong Kong Singapore Seoul Tokyo Shanghai Guangzhou Shenzhen Beijing Taipei Yokohama, Shanghai, Guangzhou, Tokyo, Japan, York, U.S, San Francisco

☆ New Zealand highlights importance of partners in tense region
▼ + stars: | 2023-06-08 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

WELLINGTON, June 8 (Reuters) - New Zealand, long known for its staunch independence in foreign policy, sees like-minded partners as key to helping it navigate a more strategically challenging environment in the Asia Pacific region, its foreign minister said on Thursday. The comments came as tensions mount between the United States and China and the two powers step up efforts to influence countries in the Pacific region where New Zealand sits. Mahuta said New Zealand must have a clear-eyed assessment of the nation's interests and values and determine which tools are right for different circumstances. "An independent foreign policy does not mean isolation, neutrality, or a fixed predetermined view of how we will act on a particular issue," she said. "As the world evolves, so must our foreign policy," Mahuta said, adding the country would invest in a range of partnerships - bilateral, regional and multilateral.

Persons: Nanaia Mahuta, Mahuta, Lucy Craymer, Sonali Paul Organizations: New Zealand Institute of International Affairs, Thomson Locations: New Zealand, Asia, United States, China, Pacific, Auckland . New Zealand, Australia, Britain, Canada

☆ El Niño is here and could bring warmer temperatures, more extreme weather patterns
▼ + stars: | 2023-06-08 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +2 min

El Niño is the warm phase of the El Niño La Niña Southern Oscillation, or ENSO, that occurs across the tropical Pacific Ocean roughly every five years. El Niño generally causes drier conditions in Australia and Southeast Asia, and wetter and warmer conditions in the Americas. El Niño ("little boy" in Spanish) and La Niña ("little girl" in Spanish) are weather patterns in the Pacific Ocean that can impact weather conditions around the globe. NOAA said there is an 84% chance of an El Niño with a greater than moderate strength and a 56% chance of a strong El Niño developing by the winter. While these regions may see warmer temperatures, Schmidt was careful to point out that El Niño does not guarantee a heat record in any region.

Persons: Niño, El Niño, We've, Gavin A, Schmidt, El Organizations: El, National Oceanic, Atmospheric Administration, NOAA, NASA Goddard Institute for Space Studies, CNBC, Tropic, Cancer Locations: Australia, Southeast Asia, Americas, United States, California, Gulf, Pacific Northwest, Ohio, El, Indonesia, South America, Eurasia

☆ Floods from the dam Russia is accused of destroying also wiped out its own defensive positions, experts say
▼ + stars: | 2023-06-08 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Flooding from the Kakhovka dam destruction is harming Russia's defensive positions, experts said. Kyiv says Russia of blew up the dam to harm Ukraine — but it may have had unintended consequences. "The flood also destroyed Russian minefields along the coast, with footage showing mines exploding in the flood water," the ISW added. The Kakhovka dam, which is upstream from Kherson, was damaged on Tuesday, releasing a torrent of water from its reservoir. Western countries have condemned Russia in broad terms since its destruction but haven't explicitly said it deliberately destroyed the dam.

Persons: —, Hola, ISW, haven't, Volodymyr Zelenskyy, Zelenskyy Organizations: Institute for, Service, Russian, Russia, NBC, Ukrainian Presidential, AP Ukraine, Politico Locations: Kyiv, Russia, Ukraine, Dnipro, Russian, Ukrainian, Kherson —, Reuters, Kherson, Kakhovka, Kherson region

☆ Saudi Arabia's Public Investment Fund just reshaped professional golf with the PGA Tour-LIV merger. That's just the start
▼ + stars: | 2023-06-07 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

The Saudi Public Investment Fund is a government-controlled fund that has $650 billion in assets under management, according to its most recent filing. A state-owned investment fund like the PIF is not unique. Critics of LIV Golf accused the Saudis of backing the new tour as a form of “sportswashing” its reputation. For example it’s not clear exactly how much it invested to start up LIV Golf. CNN has not been able to confirm that report, but what is known is that LIV Golf tournaments have been held on Trump Organization properties.

Persons: petro, LIV Golf, LIV, Yasir Al, Rumayyan, Cristiano Ronaldo, Karim Benzema, ”, Elon Musk, Jared Kushner, Donald Trump’s, Kushner, Mohammed bin Salman, Bin Salman, Jamal Khashoggi, – CNN’s Coy Wire, Jack Bantock, Steve Almasy Organizations: New, New York CNN, Saudi, Saudi Public Investment Fund, Sovereign Wealth Fund, PGA, Soccer, Saudi Aramco, Newcastle United, Saudi Pro League, CNBC, Electronic Arts, EA, Activision Blizzard, Ticketmaster, Carnival Corp, Twitter, Washington Post, CNN, Trump Organization, US State Department, Congress Locations: New York, Europe, Saudi, English, Al, Saudi Arabia, al Qaeda

☆ Goldman Sachs lowers the chance the U.S. could slide into a recession
▼ + stars: | 2023-06-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Convinced the threat from a banking crisis has largely passed, Goldman Sachs has raised the chances the U.S. economy can avoid a recession. With the debt issue resolved and banking stresses abated, Goldman now sees the path to a continued expansion, albeit a slow one, more clearly. First, the tail risk of a disruptive debt ceiling fight has disappeared," Jan Hatzius, chief economist at Goldman, said in a client note. "Meanwhile, the economy is getting a sizable boost from the recovery in real disposable income and the stabilization in the housing market," Hatzius said. Most economists expect the U.S. will experience at least a mild recession later this year or early in 2024.

Persons: Goldman Sachs, Goldman, Jan Hatzius, Hatzius, nonfarm, Goldman isn't, Morgan Stanley Organizations: Goldman, Bank, Federal Reserve, Fed, Institute for Supply Management Locations: Silicon, U.S

"That would suggest that core prices will come down, albeit at a much slower rate than originally thought." ET, Dow e-minis were up 31 points, or 0.09%, S&P 500 e-minis were up 2.75 points, or 0.06%, and Nasdaq 100 e-minis were down 17 points, or 0.12%. Palo Alto Networks Inc (PANW.O) climbed 4.6% as the cybersecurity firm looks set to replace Dish Network (DISH.O) in the S&P 500 index. Apple Inc (AAPL.O) rose 1.0% ahead of its annual software developer conference, where it is widely expected to announce a new mixed-reality headset. Reporting by Sruthi Shankar and Shristi Achar A in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Michael Hewson, Loretta Mester, Sruthi Shankar, Shristi, Vinay Dwivedi Organizations: Dow, Nasdaq, Wall, Traders, CMC Markets, P Global, Institute for Supply Management, Fed Cleveland, Dow e, . Energy, Exxon Mobil Corp, Chevron Corp, Schlumberger Ltd, Saudi, Palo Alto Networks, Dish Network, Big, Wall Street Journal, Bank of America Corp, Citigroup Inc, Apple Inc, Thomson Locations: Saudi Arabia, U.S, Washington, Big U.S, Bengaluru

☆ AI is getting out of control and it's creating a generational divide
▼ + stars: | 2023-06-02 | by ( Spriha Srivastava | ) www.businessinsider.com time to read: +6 min

There's a sense of déjà vu, similar to the digital revolution, and it's led to a generational divide. Tech leaders are also worried. While in many instances these digital innovations brought people closer, helped families bond, and gave people a tool to voice their feelings and opinions, for many others, it created a divide between generations — a digital divide. The letter read: "We call on all AI labs to immediately pause for at least 6 months the training of AI systems more powerful than GPT-4. This can result in a digital divide, where some people have limited access to technology or lack the necessary digital skills to effectively engage with AI systems and other emerging technologies.

Persons: It's, it's, Bard, —, haven't, Mona Lisa, Elon Musk, Steve Wozniak, Sam Altman, OpenAI, Bill Gates, aren't, Spriha Srivastava Organizations: Tech, Facebook, Twitter, Adobe, Life Institute, Elon, Apple

☆ Singapore overtakes Hong Kong as the most expensive Asia-Pacific city for private homes
▼ + stars: | 2023-06-01 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

Tobiasjo | E+ | Getty ImagesSingapore's private homes are now the most expensive in Asia-Pacific, having overtaken Hong Kong, according to a new report. Private rental homes in Singapore also had the highest monthly rent in the region at $2,600 — "far exceeding" other cities such as Sydney, Melbourne and Hong Kong, according to the report. Hong Kong vs. SingaporeHome prices in Hong Kong "dropped substantially" in 2022, ULI said, citing the significant increase in mortgage interest rates as Hong Kong keeps pace with the U.S. Federal Reserve. Rental pricesSingapore's private rental homes have the highest monthly rent in the region, having increased by nearly 30% in 2022. Home attainabilityDespite Singapore's private homes being the most expensive in the region, the city state also has the highest homeownership rate at 89.3%.

Persons: ULI, Hong, Kong's, David Faulkner, homeownership, Ho Organizations: Yacht, Urban Land Institute, ULI, Asia Pacific Centre for Housing, Singapore, U.S . Federal, Hong Kong, Sydney, Melbourne, Urban Land Institute Asia Pacific Centre, Housing, Hong, Housing Private, CNBC, Housing Development Board, Board Locations: Singapore, Keppel, Asia, Pacific, Hong Kong, Sydney, Melbourne, U.S, Shenzhen, Beijing, Brisbane, Covid, Australia, China, Ho Chi Minh, Vietnam, Da Nang

☆ Steakholder Foods and Umami Meats have teamed up to create the world's first 3D-printed cultivated fish fillet
▼ + stars: | 2023-05-31 | by ( Michelle Cohan | ) edition.cnn.com time to read: +6 min

A “Star Trek“-like, food-on-demand 3D printer has just served up a real, cultivated fish fillet for the first time. Steakholder Foods, a startup based in Israel, produced the 3D-printed cut of grouper – “a significant milestone in the food industry,” says Arik Kaufman, CEO of Steakholder Foods. Chicken nuggets from Steakholder Foods, pictured, are considered a hybrid product, containing both plant-based and cultured ingredients. At the time of writing, Singapore is the only country in the world where cultivated meat products are commercially available. “One way is to create hybrid products, so something that (combines) cultivated meat with plant-based meat or conventional meat,” Block tells CNN.

Persons: ”, Arik Kaufman, Mihir Pershad, ” Kaufman, we’ve, Orit Goldman, Liz Specht, Davis, Ronen Mangan, David Block, GFI’s Specht Organizations: CNN, Steakholder Foods, Good Food Institute, UN, of California, NASA, Foods, Food and Drug Administration, FDA, UC Davis, Consortium Locations: Israel, Singapore, bioreactors, California

☆ Adidas Starts Unloading Its Yeezy Gear, to Benefit Anti-Hate Groups
▼ + stars: | 2023-05-31 | by ( Melissa Eddy | ) www.nytimes.com time to read: +3 min

Adidas said its decision to sever ties with Ye cost the company €1.2 billion in lost sales and about €500 million in profit this year. Jonathan A. Greenblatt, chief executive of the Anti-Defamation League, which is among the groups that will benefit from the proceeds of the sale, welcomed Adidas’s decision as one fitting the complexity of the problem. But other groups noted that despite Adidas’s pledge to donate the proceeds, Ye will still make money off the sales. The Yeezy brand became a defining force in the sportswear industry and an incredibly lucrative cornerstone for Adidas. Adidas said it was considering further releases of the Yeezy inventory, but it did not give a timeline.

Persons: Ye, Gulden, Philonise Floyd, George Floyd, Jonathan A, Greenblatt, Mr, “, ”, Josef Schuster, Michael Jordan Organizations: Adidas, Keeta Floyd Institute for Social, Defamation League, Central Council of, Kanye, Nike Locations: Germany

[1/2] Danielle Smith of the United Conservative Party (UCP) gestures during her party's provincial election night party after a projected win in Calgary, Alberta, Canada May 29, 2023. Smith, leader of the United Conservative Party (UCP), defeated left-leaning New Democratic Party leader Rachel Notley on Monday, and immediately targeted Trudeau, threatening the country's ambitious climate goals. Some analysts have said deep emissions cuts are not possible without reducing oil production, which Smith fiercely opposes. "As premier I cannot under any circumstances allow these contemplated federal policies to be inflicted upon Albertans." "One of the challenges is there is a political class in Alberta that has decided that anything to do with climate change is going to be bad for them or for Alberta," Trudeau told Reuters in a January interview.

☆ Adidas will finally start to move its $1.3 billion mountain of unsold Yeezy sneakers within days
▼ + stars: | 2023-05-20 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Adidas will start offloading its Yeezy stock worth $1.3 billion at the end of May. The company plans to donate proceeds to nonprofits including one run by the sister of George Floyd. Adidas struggled to work out what to do with Yeezy stock after severing ties with Kanye West. In a statement Friday, the company said it would release an initial batch of Yeezy stock at the end of May. "At a time when antisemitism has reached historic levels in the US and is rising globally, we appreciate how adidas turned a negative situation into a very positive outcome," he said, per the Adidas statement.

☆ Adidas to donate Yeezy proceeds to Anti-Defamation League and other NGOs
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +3 min

[1/4] Rapper Kanye West talks on the phone before attending the Versace presentation in New York, U.S. December 2, 2018. Adidas cut ties with West, who goes by Ye, in October after he made a string of antisemitic comments in interviews and on social media. The German sportswear maker was left with Yeezy shoes worth 1.2 billion euros ($1.3 billion). The value of Yeezy shoes in the resale market has rocketed since then, with some models more than doubling in price. Adidas said there could be further releases of Yeezy stock but no decisions have been made on timing.

☆ Adidas to start selling Yeezy shoes at the end of May
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

[1/4] Rapper Kanye West talks on the phone before attending the Versace presentation in New York, U.S. December 2, 2018. REUTERS/Allison JoyceFRANKFURT, May 19 (Reuters) - Adidas will start selling some of the shoes from its defunct Yeezy partnership with rapper Kanye West at the end of May, the company said on Friday, and plans to donate the proceeds to selected organisations combating racism and hate. The news fleshes out plans initially outlined last week and follows Adidas' move to cut ties with West over anti-Semitic comments made last year, leaving the German sporting goods maker with Yeezy brand shoes worth 1.2 billion euros ($1.3 billion). The initial sale of some of the shoes marks the first time the products have been available to customers since Adidas (ADSGn.DE) terminated the partnership in October 2022. Among others, planned recipients of the proceeds include the Anti-Defamation League (ADL) and the Philonise & Keeta Floyd Institute for Social Change, Adidas said.

☆ Adidas will sell existing Yeezy items, donate some revenues
▼ + stars: | 2023-05-19 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Adidas said Friday that it will start selling Yeezy products later this month for the first time since it ended its relationship with rapper Ye in October. The apparel company cut ties with Ye, formerly known as Kanye West, after he made a string of hateful, antisemitic comments. "Selling and donating was the preferred option among all organizations and stakeholders we spoke to," Adidas CEO Bjorn Gulden said in a statement. Adidas' most recent earnings beat expectations, but were weighed down by Yeezy inventory piling up. Prior to the split, Adidas had said their partnership with Yeezy was one of the most successful collaborations in the history of the industry.

☆ This company could take lab-grown meat mainstream thanks to a green light from the FDA
▼ + stars: | 2023-05-19 | by ( Natasha Piñon | ) www.cnbc.com time to read: +14 min

Upside Foods' pivotal moment also comes at a key moment in the alternative meat industry. The cultivated-meat industry could have a wider consumer base than previously introduced alternative meat products, because unlike plant-based meats, it's "real" meat — minus the slaughtered animals. And, accordingly, some traditional meat companies have expressed interest in the burgeoning cultivated-meat industry, which one day could become a competitor. The cultivated-meat industry will need a similar boost if it's ever going to become a grocery store staple, Swartz said. The FDA's clearance was a voluntary premarket consultation, which means the agency has no further questions about the safety of Upside's products.

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