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☆ Goldman Sachs' David Solomon invested in a luxury real-estate developer his bank failed to win business from
▼ + stars: | 2023-04-24 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +4 min

Goldman Sachs CEO David Solomon owns shares in a luxury real-estate developer, according to the NYT. David Solomon, the chief executive of Goldman Sachs, is known to fly to the Bahamas, where he has a home. The valuation the bankers gave for Discovery Land fell well short of $1 billion, and Goldman did not win that deal. Discovery Land eventually sold $300 million of shares without the help of any bank in early 2021. Insider has previously reported that at least a small number of Goldman Sachs partners and other insiders have complained about Solomon's personal jet use, as well as his side gig as a DJ.

☆ Kevin Hart on tequila venture: I was waiting for the right opportunity
▼ + stars: | 2023-04-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKevin Hart on tequila venture: I was waiting for the right opportunityActor and Gran Coramino co-founder Kevin Hart and Global Brand Equities CEO James Morrissey join 'Squawk Box' to discuss the actor's liquor venture, how he balances entertainment and investing, and more.

☆ Watch CNBC's full interview with actor Kevin Hart and Global Brand Equities CEO James Morrissey
▼ + stars: | 2023-04-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with actor Kevin Hart and Global Brand Equities CEO James MorrisseyActor and Gran Coramino co-founder Kevin Hart and Global Brand Equities CEO James Morrissey join 'Squawk Box' to discuss the actor's liquor venture, how he balances entertainment and investing, and more.

☆ 'Love Is Blind' is hell on earth: Contestants say producers deprived them of food and sleep, preyed on their anxieties, and refused to let them quit
▼ + stars: | 2023-04-18 | by ( Katie Warren | ) www.businessinsider.com time to read: +29 min

After the 10 days, cast members must decide whether they want to get engaged to another contestant sight unseen — or go home. The season-two contestant Nick Thompson said "Love Is Blind" didn't adequately support its cast members — during or after filming. Many cast members believed "Love Is Blind" would be a cut above other reality shows. The first evening in Cancún, producers told Ruhl she couldn't attend a party for all the newly engaged couples because they thought she might have COVID-19. In a later episode he again became infuriated and threatened to leave when Reed came home late from clubbing with other cast members.

[1/2] A Fiat Chrysler Automobiles (FCA) sign is at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File PhotoWASHINGTON, April 17 (Reuters) - The U.S. Supreme Court on Monday declined to hear a bid by General Motors Co (GM.N) to revive its racketeering lawsuit against rival automaker Fiat Chrysler Automobiles (FCA), now part of Franco-Italian automaker Stellantis NV , over bribery allegations involving the United Auto Workers union. Stellantis in a statement praised the court's decision to turn away what it described as "baseless claims" by GM. "Today's decision upholding the district court's dismissal of GM's lawsuit is another reaffirmation that its claims are meritless," Stellantis said. FCA paid a $30 million fine while the UAW agreed to independent oversight to resolve the U.S. Justice Department investigation.

HONG KONG, April 17 (Reuters Breakingviews) - Hong Kong could use a shot of something. Yet compared to the $313 billion Shanghai-listed behemoth Kweichow Moutai (600519.SS), debutante ZJLD is a drop in the near-$100 billion baijiu industry: it logs less than 1% market share. At the top of the marketed price range, ZJLD could be worth $5.4 billion, or almost 24 times this year's forecast earnings, IFR reports. Revenue at the company, which will be the first baijiu distiller to list in Hong Kong, was up a healthy 15% last year, while its adjusted net profit margin topped 20%. For Hong Kong, consumer stocks will put the focus back onto classic risks.

☆ China baijiu maker ZJLD Group seeks up to $812 million in Hong Kong's largest IPO in 2023
▼ + stars: | 2023-04-16 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +2 min

There is also a so-called "greenshoe" option to sell another 73 million shares that could raise an extra $122 million, according to the filings. Baijiu is considered China's national liquor and is the world's most consumed liquor, according to ZJLD's prospectus. Its market share in China is greater than wine's market share in France and beer's market share in the U.S., according to its documents. KKR owns a 16.2% stake in the company, which would fall to 13.8% after the IPO, Hong Kong's largest since Chinese lithium battery maker CALB Group Co (3931.HK) raised $1.3 billion in October. ($1 = 7.8493 Hong Kong dollars)Reporting by Harshita Swaminathan; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

☆ Chartreuse, a green herbal liqueur, has skyrocketed in popularity. But monks make it and they refuse to meet demand
▼ + stars: | 2023-04-16 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +2 min

Chartreuse, a centuries-old liqueur, is made by the Carthusian order of monks in the French Alps. In 2019, the monks capped production to lower their environmental impact and focus on prayer. "It used to be something you could rely on being available, so I never really paid much attention to it," Joshua Lutz, a loyal lover of the liqueur, told the Times. According to the New York Times, the Carthusian monks implemented a production cap in 2019, in order to limit their environmental impact, and focus more strongly on solitude and prayer. Michael K. Holleran, a former monk who oversaw Chartreuse production in the 1980s, told the Times.

☆ Why Is Chartreuse Hard to Find Right Now? Ask the Monks Who Make It.
▼ + stars: | 2023-04-14 | by ( Becky Cooper | ) www.nytimes.com time to read: +1 min

According to Chartreuse Diffusion, the business arm of the monks’ operation, it took more than 150 years for the Carthusians to “unravel the secret of the manuscript.”Chartreuse became “a mixologist’s ace in the hole,” said Joe Kakos, an owner of Kakos Market, a liquor store in Birmingham, Mich. Many credit Murray Stenson, a bartender at the Zig Zag Café in Seattle, with repopularizing the liqueur in 2003 when he resurrected the century-old Last Word cocktail, a mixture of gin, Chartreuse, lime juice and maraschino liqueur. “I almost feel a little bit guilty,” said Ben Dougherty, the cafe’s owner. In 2020, as the pandemic turned many people into at-home mixologists, sales of Chartreuse in the United States doubled, a pattern that held true worldwide, according to Chartreuse Diffusion. Global sales topped $30 million in 2022.

☆ Drinking is killing Russian troops, according to UK intel. Widespread alcoholism during the first Crimean War 150 years ago resulted in Russia's defeat.
▼ + stars: | 2023-04-12 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +10 min

The Crimean War would become another example of the county's war drinking problem cataloged in the annals of Russian history. I don't think it's nearly as important nowadays, as it was during the Russo-Japanese War or World War One, but it's significant, right?" In an interview with Insider, Schrad expanded on the history of Russian drinking during wartime. A lot of it is the consequence of my research topic, which has been alcohol and Russian history. The Crimean War, the Russo-Japanese War, World War I, in particular, were all drunken fiascos.

☆ I'm a cart girl on a Las Vegas golf course who makes $500 in tips a day. You don't need experience to be successful at this job — here's how I do it.
▼ + stars: | 2023-04-10 | by ( Elle Hardy | ) www.businessinsider.com time to read: +8 min

Her main tips for success are to reach out to anyone you know in the golf world and stay positive. Now I'm a cart girl on a Las Vegas golf course, and I share my experience on TikTok with my 2.1 million followers. I usually make between $400 and $500 in tips a day on top of my salary. You can have as much fun partying on the golf course as you can at a day club in Vegas. Looks and outfits get you only so far, so you have to have the personality to make the golfers' day.

☆ Elon Musk is selling Tesla beers for more than $30 to celebrate the company's Berlin Gigafactory, over a year since its delayed opening
▼ + stars: | 2023-04-04 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Tesla's "GigaBier" is now on sale, 17 months after Elon Musk first revealed it in Berlin. It costs about $98 for a pack of three bottles, which are supposed to look like Tesla's Cybertruck. The beer is Tesla's second foray into the liquor market, having previously sold a $250 tequila. The "GigaBier" was first revealed in October 2021 to celebrate the opening of Tesla's Berlin Gigafactory. The "GigaBier" marks Tesla's second foray into the booze market, having previously launched Tesla Tequila in 2020.

☆ Sleepovers Are Now a Battleground
▼ + stars: | 2023-03-30 | by ( Lane Florsheim | ) www.wsj.com time to read: 1 min

Deborah Pagani, a fine-jewelry and hair-accessories designer in Manhattan, says that before her 14-year-old’s friends sleep over, their parents often ask the same laundry list of questions: Do she and her husband smoke? (No, no and, well, no—but their two dogs go ballistic if anyone moves around the apartment at night, limiting the ability of underage guests to snoop around.) “I’ve had parents ask me if we have a water filter, which we do,” Ms. Pagani adds. “Can you imagine in the ’90s if a parent called up and was like, I just want to make sure you guys have a water filter. What type of water are the kids drinking, and is there going to be gluten?”

☆ How drag was pushed back into the shadows in Tennessee
▼ + stars: | 2023-03-25 | by ( Jonathan Allen | ) www.reuters.com time to read: +9 min

Now, a Tennessee law restricting drag in front of minors is due to come into force on April 1. Several planned drag events were canceled over the winter after protests, and many venues felt forced to make previously family-friendly drag shows into adults-only events. Drag performers and venue owners say they are worried about their livelihoods and their rights of free expression. The Starbucks say there is no such thing as family-friendly drag; drag performers cite Bugs Bunny, Shakespeare's cross-dressing comedies and the Robin Williams film "Mrs. Doubtfire" among counterexamples. Outside of public Pride events, most Tennessee drag performers largely work in clubs and bars that admit only those over 18.

☆ Miami Beach curbs alcohol sales after 'unruly' spring breakers violence
▼ + stars: | 2023-03-23 | by ( Brad Brooks | ) www.reuters.com time to read: +1 min

March 23 (Reuters) - The city of Miami Beach curtailed alcohol sales through Monday morning after drunken revelers on spring break got tangled in multiple shootings, fights, assaults and stampedes that resulted in at least two deaths in the past week. Miami Beach, a small barrier island just to the east of Miami, has long been a magnet for wild parties, as college students from around the country take advantage of an annual school vacation to descend on its white sand beaches for an alcohol-soaked rite of passage. All alcohol sales, including by liquor stores, for off-premises consumption are banned from 6 p.m. Thursday until 6 a.m. Monday under an emergency declaration by city manager Alina Hudak on Wednesday. Businesses that sell alcohol oppose the measure, saying it will severely hurt their revenues. But the Miami Beach city commission earlier this week voted 4-to-3 against a curfew, with those opposed saying it would hurt businesses during this peak tourist season.

☆ Grocers and Liquor Stores Spar Over Who Can Sell Wine in Some States
▼ + stars: | 2023-03-23 | by ( Jimmy Vielkind | Photographs Christopher Capozziello For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Mississippi lawmakers passed a bill this year that would allow alcohol sales on Sunday, and North Carolina legislators introduced a measure that would allow happy-hour drink specials. Eleven states restrict the sale of wine in grocery stores, according to the Food Marketing Institute, which represents grocers, including Connecticut, Maryland and New York.

☆ Florida drag queens say venues have started shutting them down after DeSantis pushed to revoke a Hyatt hotel's liquor license
▼ + stars: | 2023-03-21 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Florida drag queens say the GOP's push to restrict performances is hitting them in their wallets. But one recent incident is leading, in particular, is leading venues to reconsider offering drag performances, they said. Advocates such as Equality Florida say the incident is an example of the DeSantis administration "selectively weaponizing state agencies" to target drag performers and venues that are not harmful for children. The move is already having a chilling effect, and Adrien said it's helping scare other venues from offering drag performances and pushing drag queens from participating in shows for fear of retaliation. Venus Envy, an Orlando-based drag queen, told Insider drag performers have more recently performed at venues "that are not exclusively for the LGBTQ+ community," such as "mainstream bars, restaurants, and theatres."

☆ Drag queens say they tweak their performances if they notice a kid in the crowd. Republicans have cast the performances as dangerous for children.
▼ + stars: | 2023-03-20 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

A Florida drag queen said performers adjust shows when there are children and families in the crowd. Republicans have targeted drag events for kids, introducing bills to restrict and prohibit attendance. Family-friendly drag events — such as Drag Queen Story Hour, which was established as a nonprofit in 2015 and has since become a national event — are under fire from Republican lawmakers. Bills prohibiting minors from attending drag queen events, banning drag performances in public, and classifying drag performances as adult-oriented businesses have been filed across the United States in recent months. Another drag queen, Venus Envy, told Insider that while they don't solely participate in family-friendly performances, they are accustomed to "tailoring my shows to my audiences."

☆ Last Dodge Challenger makes 1,010 hp, has optional parachute
▼ + stars: | 2023-03-20 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

The unveiling of the 1,025 horsepower Dodge Challenger SRT Demon 170 has been long anticipated, and long delayed. Dodge had originally expected to just modify the Dodge Challenger Demon engine, which is capable of producing up to 840 horsepower. The 2023 Dodge Challenger SRT Demon 170 can reach 60 miles per hour in under two seconds. StellantisIntroduced in 2008, the modern Dodge Challenger shares much of its engineering with the four-door Dodge Charger and Chrysler 300 sedans. Options for the 2023 Dodge Challenger SRT Demon 170 include a Direct Connection Parachute Mounting System.

☆ DeSantis administration sent undercover agents to an Orlando drag show and they found nothing wrong with it. The state is still trying to punish the venue.
▼ + stars: | 2023-03-20 | by ( Natalie Musumeci | Chris Panella | ) www.businessinsider.com time to read: +5 min

Undercover agents were sent by the DeSantis administration to spy on a drag show, the Miami Herald reported. Still, Florida is moving ahead with a complaint against the venue to strip its liquor license. Ron DeSantis to spy on an Orlando drag show — and they found nothing "lewd" about it, according to the Miami Herald. A Florida drag queen told Insider before the Miami Herald report was published that they were concerned about rumors of undercover state agents showing up at performances. The DeSantis administration recently targeted the Hyatt Regency Miami after one of its facilities hosted "A Drag Queen Christmas" with minors present in the audience.

☆ A drag queen who survived the Orlando Pulse shooting says Florida's LGBTQ community is 'scared' of further hate following DeSantis' push to revoke a hotel's liquor license
▼ + stars: | 2023-03-20 | by ( Lloyd Lee | Chris Panella | ) www.businessinsider.com time to read: +7 min

A drag queen who survived the 2016 Pulse club shooting said it only further demonizes LGBTQ people. "Not just in terms of limiting opportunities for drag entertainers, but by demonizing the art of drag as a whole," she wrote. Fine told Insider his motivation for pursuing the bill came after he found out a drag queen show was hosted in a public space in his district last year. However, the representative also said he would not support a bill that eliminates drag shows for consenting adults. In Florida, there have been at least nine demonstrations against the LGBTQ community, the organization found.

☆ Florida drag queen says DeSantis-backed anti-LGBTQ laws are 'exactly what we were taught about in schools about how the Nazis rose to power'
▼ + stars: | 2023-03-17 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

A Florida drag queen compared legislation targeting LGBTQ issues backed by Gov. Other drag queens and local politicians called the administration's efforts "fascism." Florida doesn't feel like home, one drag queen saidAdrien, who was born and raised in South Florida, is now an Orlando-based drag queen and said recent anti-LGBTQ political shifts make the state feel like it's no longer home. 'Those safe spaces will go away'Jason DeShazo is president of Rose Dynasty Foundation Inc. and performs as drag queen Momma Ashley Rose. And both drag queens say they'll still perform.

☆ Blackface, booze, and blurred lines at the $2 billion tech firm Rokt
▼ + stars: | 2023-03-16 | by ( Jack Newsham | Madeline Stone | ) www.businessinsider.com time to read: +25 min

A cropped version of an image shared with Rokt employees at the 2020 meeting. Buchanan told Insider. "We think it's important that we stand up and fight it," he told Insider when asked about that message. In an email, Viles told Insider that he hasn't had any day-to-day involvement with Rokt since 2020, when he did some contract work. Mert Alper Dervis/Anadolu Agency via Getty ImagesOne employee told Insider they were encouraged to post the photos and proclaim 2023 to be Rokt's "best year yet."

☆ Florida's decision to punish the Hyatt Regency over a drag show could be a win-win for DeSantis by having a 'chilling effect' on similar events and scoring him political points
▼ + stars: | 2023-03-16 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

The Hyatt Regency Miami's alcohol license is being revoked after hosting a drag show, according to a complaint filed Tuesday. Ron DeSantis praised the move and could win political points for a potential 2024 run. A venue affiliated with the Hyatt Regency in Miami hosted "A Drag Queen Christmas" in December, a touring drag show that includes performers from "RuPaul's Drag Race." "Sexually explicit content is not appropriate to display to children and doing so violates Florida law," Bryan Griffin, DeSantis' press secretary, previously told Leonard. Deterring drag shows from occurring falls in line with the talking points of many prominent conservative figures, who view drag shows as harmful to children, even if might seem out of step with their "small government" values, he said.

☆ DeSantis administration revokes Hyatt Regency Miami alcohol license after it hosted "A Drag Queen Christmas"
▼ + stars: | 2023-03-14 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +4 min

The DeSantis administration had previously said it was looking into "A Drag Queen Christmas." "A Drag Queen Christmas" is a holiday-themed drag show that tours in 36 different cities and features stars from the reality show "RuPaul's Drag Race." In July 2022, the DeSantis administration filed a complaint against a Miami bar that hosted a drag show where minors were present. This year, Tennessee became the first to ban adult performances, including drag, from public spaces such as parks and schools. Public libraries across the US began facing backlash from some parents in recent years for hosting Drag Queen Story Hours.

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