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The latest case in point: The Federal Deposit Insurance Corp (FDIC) chose JPMorgan Chase & Co (JPM.N) as the winning bidder in an auction to buy collapsed lender First Republic Bank on Monday. FDIC officials, however, say would-be buyers risk losing out if they allow the value of an acquisition target to deteriorate over time while waiting for an FDIC receivership. SWEETENERSU.S. bank mergers were already sluggish as interest rates rose and recession loomed, analysts at Raymond James wrote in an Apr. The first quarter was the quietest opening to a year for bank deals in a generation, they said. Market volatility stops bank buyers from pulling together enough money to cover writedowns on struggling assets, which would be triggered by a traditional acquisition, said David Sandler, co-head of financial services investment banking at Piper Sandler Companies (PIPR.N).

Penny is the man who choked Neely on the F train, a former senior law enforcement official confirmed. A former senior law enforcement official confirmed to Insider that Daniel Penny was the man who is seen on video placing Neely in a chokehold before his death. The video shows Penny and two other men holding Neely on the floor of the subway car until Neely stopped moving. Neely appeared to stop moving as Penny applied a chokehold on the floor of the subway train as it idled at Broadway-Lafayette station. On the day of the altercation on the subway, Penny was wearing a sweatshirt from a Long Island surf shop and a hat with the logo of an Australian surf brand.

☆ New York poised to pass first statewide law banning natural gas in new buildings
▼ + stars: | 2023-05-02 | by ( Emma Newburger | ) www.cnbc.com time to read: +2 min

The law would likely take effect in 2026 for most new buildings under seven stories and in 2029 for larger buildings. The statewide ban would follow legislation passed by New York City in 2021 that bans natural gas hookups in new buildings by the end of this year. New York was the sixth-largest natural gas consumer among the states in 2020, according to the U.S. Energy Information Administration. And in 2021, the residential sector — where three out of every five households use natural gas for heating — comprised over one-third of the natural gas delivered to New York residents, the agency found. "New York state is leading the way in ending America's devastating addiction to fossil fuels," said Food & Water Watch Northeast Region Director Alex Beauchamp.

Companies Meta Platforms Inc FollowWASHINGTON, April 27 (Reuters) - A U.S. appeals court on Thursday refused to revive a lawsuit filed by states against Meta's (META.O) Facebook that alleged the company had broken antitrust law. Dozens of states led by New York asked the U.S. Court of Appeals for the District of Columbia last year to reinstate the lawsuit, which U.S. District Judge James Boasberg of the District of Columbia rejected, saying they had waited too long to file. The three-judge unanimous appeals court panel said it agreed that "the states unduly delayed in bringing suit." Both were publicized," Circuit Judge A. Raymond Randolph wrote, noting that the FTC had investigated both transactions. Neither the New York attorney general's office nor Facebook immediately responded to a request for comment.

☆ Federal appeals court tosses state antitrust suit seeking to break up Meta
▼ + stars: | 2023-04-27 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

The decision is a blow to regulators who have cited Meta as a prime example of the way tech giants have allegedly abused their dominance. And it casts a shadow over a parallel antitrust case against Meta that was brought by the Federal Trade Commission at around the same time. The states’ original complaint had sought to unwind Meta’s past acquisitions of Instagram and WhatsApp, accusing the company of a “buy-or-bury” approach that violated antitrust laws. In addition, Randolph wrote, state allegations claiming that Meta’s — then Facebook’s — policies placing restrictions on app developers were anticompetitive didn’t hold up. Last year, the same federal judge who dismissed the state suit, James Boasberg, allowed the federal suit to proceed.

☆ Harlem Businesses Sue to Stop Cannabis Dispensary Planned for 125th Street
▼ + stars: | 2023-04-26 | by ( Ashley Southall | ) www.nytimes.com time to read: +1 min

A prominent Harlem business group filed a lawsuit on Wednesday seeking to stop the state from building a recreational cannabis dispensary on the neighborhood’s main street, adding to the challenges faced by New York State in its rollout of the recreational marijuana industry. The lawsuit may signal trouble for efforts to open stores in some communities that lawmakers intended to benefit the most from legalization, and it underscores the sentiment expressed by some that they have been left out of the planning process. The suit, filed by the 125th Street Business District Management Association in State Supreme Court in Manhattan, seeks to cancel the state’s lease on a storefront at 248 West 125th Street, across from the Apollo Theatre, in the first case challenging the secretive process regulators use to choose dispensary locations. “This is a naked, intentional and bold attempt to avoid community opposition,” the lawsuit said. While the association said it does not oppose having a dispensary on 125th Street or elsewhere in Harlem, the complaint said the current location is “irredeemable” because it would add to the crime, congestion and open drug use already plaguing the area.

☆ No one's buying Ivana Trump's townhouse — an extravagant unit filled with leopard print and pink marble — almost 9 months after her accidental death in the apartment
▼ + stars: | 2023-04-26 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +3 min

Notably, the price of Ivana Trump's former abode has not budged since being listed in November 2022. The home was listed with Douglas Elliman and features extravagant rooms tied to Ivana Trump's personality, as well as a haunting doll modeled after Ivana Trump. After Ivana Trump's highly-publicized and financially contentious divorce from Donald Trump, Ivana Trump was awarded a settlement worth $25 million and purchased the home for $2.5 million. Ivana and Donald Trump's three children, Donald Trump Jr, Eric Trump, and Ivanka Trump, spent their teenage years in the apartment. Correction: April 25, 2023 — An earlier version of this story misstated the months since Ivana Trump's passing.

☆ Factbox: 2024 US presidential election: who is in, who is out and who is still thinking about it
▼ + stars: | 2023-04-25 | by ( Ross Colvin | ) www.reuters.com time to read: +7 min

Here is a list of declared candidates and other potential 2024 hopefuls in both the Democratic and Republican parties. Scott, 57, has launched a presidential exploratory committee but not yet confirmed he plans to run. The former Kansas congressman was one of Trump's most loyal lieutenants and initially backed his false claims of a stolen presidential election in 2020. She ran as a Democrat in the 2020 presidential primary but dropped out of the race before any votes had been cast. She launched her latest campaign on March 23, saying she wants to challenge Biden in the Democratic nominating race.

Former U.S. President Donald Trump speaks at the National Rifle Association (NRA) annual convention in Indianapolis, Indiana, U.S., April 14, 2023. CARROLL SAYS TRUMP CALLED HER 'THAT ADVICE LADY'Carroll said her encounter with Trump at the Bergdorf Goodman store occurred in late 1995 or early 1996. It also includes two other women who have accused Trump of sexual misconduct, which Trump also denies. Trump pleaded not guilty to those charges on April 4 at a New York state courthouse, a three-minute walk from Tuesday's trial. Carroll is also suing Trump for defamation after he first denied her rape claim in June 2019, when he was still president.

☆ CNN fires anchor Don Lemon in the wake of sexist comments, reported mistreatment of colleagues
▼ + stars: | 2023-04-24 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +5 min

CNN on Monday fired anchor Don Lemon in the wake of sexist on-air comments and reports that he mistreated female coworkers during his 17 years at the network. Lemon, who had hosted "CNN This Morning" as scheduled, said his agent informed him about his termination Monday morning. Shortly after Lemon first tweeted that he was fired, the network's CEO, Chris Licht, said the anchor and CNN "parted ways." The report was based on more than a dozen former and current colleagues of Lemon, Variety said. He has served as the prime-time anchor of CNN's "Don Lemon Tonight" for more than eight years, the network's website says.

☆ Tucker Carlson's texts from the Dominion lawsuit reveal the real Fox News
▼ + stars: | 2023-04-24 | by ( Brent D. Griffiths | Rebecca Zisser | ) www.businessinsider.com time to read: +7 min

Private texts reveal incredible detail about Fox News' inner workings. Among the messages is a thread where Tucker Carlson privately bashes Trump. Top Fox News hosts, including Tucker Carlson, privately insulted Chris Wallace and hatched a plot for a rebellion — November, 16, 2020. In a group chat between the three biggest hosts, Carlson, Hannity, and Ingraham, few colleagues, including then-"Fox News Sunday" host Chris Wallace, were spared. In a group chat between the three biggest hosts, Carlson, Hannity, and Ingraham, few colleagues such as then-"Fox News Sunday" host Chris Wallace were spared.

☆ Remote work is 'bullshit,' says real-estate billionaire Sam Zell, to cheers from fellow execs who profit from offices
▼ + stars: | 2023-04-23 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

Sam Zell said at a conference last week that remote work is "a bunch of bullshit." Office doomers abound, but real estate professionals t hink they just don't get it. Sam Zell, the notorious "Grave Dancer" of commercial real estate known for his salty tongue, is always happy to have a platform. He was in a cheeky mood, at least when the conversation turned to today's third-rail of commercial real estate: office properties abandoned by remote workers. The trend and dire outlook had real estate giant Brookfield defaulting on a loan tied to offices this month for the second time this year.

☆ N.Y.P.D. Shoots Man in Mental Distress After Responding to 911 Call
▼ + stars: | 2023-04-21 | by ( Lola Fadulu | ) www.nytimes.com time to read: +1 min

The encounter was captured by officers’ body-worn cameras, and Chief Chell said police officials had watched the footage but did not make it publicly available for review. The man, whom the police did not identify beyond saying he was 39, was taken to a hospital for treatment. Chief Chell said police officials believed the man was from the facility, and that he had “four prior arrests and a documented mental history in our department.”The shooting came less than a month after officers shot another man who was in mental distress and holding a knife in the Bronx. In that instance, officers shot the man, Raul de la Cruz, within 28 seconds of responding to a 311 call from Mr. de la Cruz’s father, who had requested medical care for his son after arguing with him. The younger Mr. de la Cruz remained unconscious for days after the shooting.

[1/2] U.S. President Donald Trump rape accuser E. Jean Carroll arrives for her hearing at federal court during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., October 21, 2020. There, he called Carroll's rape claim a "Hoax and a lie" for promoting her memoir, and maintained that she was "not my type!" Carroll first sued Trump for defamation in November 2019, five months after he first denied her rape claim. She has long accused Trump of stalling, and U.S. District Judge Lewis Kaplan in Manhattan has rejected multiple efforts by Trump to delay Carroll's case. Last year, Trump refused to let his Trump Organization concede wrongdoing in a New York criminal tax fraud case, which ended in a conviction that is being appealed.

☆ Factbox: 2024 US presidential election: who's in, who's out and who's still thinking about it
▼ + stars: | 2023-04-19 | by ( Ross Colvin | ) www.reuters.com time to read: +7 min

Here is a list of major declared candidates and other potential 2024 hopefuls in both the Democratic and Republican parties. Political analysts say there is little benefit to him jumping into the race too soon, with the election still 19 months away. In the meantime, he can continue to look presidential, although he still has poor approval ratings in opinion surveys. The former Kansas congressman was one of Trump's most loyal lieutenants and initially backed his false claims of a stolen presidential election in 2020. Several of his key staff, though, have recently joined the DeSantis camp, however, suggesting that Youngkin, is not going to run in 2024.

☆ These are the 10 cities worldwide where the number of millionaires is rising the fastest. 3 American cities made the list.
▼ + stars: | 2023-04-19 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

The Chinese city topped Henley & Partners' list of cities where the number of millionaires is rising the fastest. Two further Chinese cities, three US cities, and two Indian cities, also ranked in the top ten. The top ten also includes two further Chinese cities, three US cities, two Indian cities, and one city in each Vietnam and the United Arab Emirates. Austin, meanwhile, is the highest-ranking US city on Henley & Partners' list, coming second. New York City, meanwhile, has the most residents worth $1 million or more, at around 340,000, per Henley & Partners' report.

☆ US government tracking more than 650 potential UFO cases, Pentagon says
▼ + stars: | 2023-04-19 | by ( Jeremy Herb | ) edition.cnn.com time to read: +3 min

CNN —The US government is tracking more than 650 potential cases of so-called “unidentified aerial phenomenon,” commonly known as UFOs, according to the director of the office created last year to focus on the sightings. He played video from two of cases that had been declassified, one that had been resolved and the other unresolved. Kirkpatrick explained that this case was unresolved because there was no other evidence beyond the video. He said that in a small number of cases, he has concerns the episodes could be evidence of potential technological advancements. Those cases, he said, are handed off to the intelligence community to investigate further.

☆ Supreme Court gives New Jersey, shipping industry and unions a win in New York ports case
▼ + stars: | 2023-04-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

The Supreme Court ruled Tuesday that New Jersey can unilaterally withdraw from the longstanding Waterfront Commission Compact it has with New York to police corruption in the shipping industry in the major port the two states share. All nine of the Supreme Court's justices voted to dismiss arguments by New York in favor of forcing New Jersey to stay in the compact. "Since the first hours of our time in office, my Administration has steadfastly pursued the dissolution of the Waterfront Commission because it was the right thing to do," Murphy said. The two-member Waterfront Commission was created in 1953 by New York and New Jersey to address labor corruption in the Port of New York and New Jersey. New York claimed that the agreement "does not allow either State to unilaterally withdraw," Kavanaugh noted in his opinion.

☆ Donald Trump to Be Deposed by New York Attorney General
▼ + stars: | 2023-04-13 | by ( Corinne Ramey | ) www.wsj.com time to read: 1 min

Donald Trump is set to answer questions under oath Thursday from lawyers for New York Attorney General Letitia James , according to people familiar with the matter, as her office prepares for a trial later this year on its allegations that the former president and others engaged in civil fraud.

☆ Donald Trump Deposed by New York Attorney General
▼ + stars: | 2023-04-13 | by ( Corinne Ramey | ) www.wsj.com time to read: 1 min

Donald Trump answered questions under oath Thursday from lawyers for New York Attorney General Letitia James , as her office prepares for a trial later this year on its allegations that the former president and others engaged in civil fraud. The deposition marked Mr. Trump’s second with lawyers for Ms. James, who has accused the former president, his business and three of his adult children of a decadelong scheme to falsely value real-estate assets. The lawsuit seeks $250 million in alleged ill-gotten gains, in addition to asking a judge to effectively cripple the Trumps’ ability to operate their company in New York. Mr. Trump has denied wrongdoing and said that Ms. James, a Democrat, is motivated by politics.

CNN —Donald Trump on Thursday morning arrived for a deposition as part of a high-stakes civil case brought by New York state against the former president, some of his children and his sprawling business empire. The lawsuit, brought last September by New York Attorney General Letitia James, a Democrat, alleges that Trump, his children Donald Trump Jr., Eric Trump and Ivanka Trump, and the Trump Organization were involved in an expansive scheme lasting over a decade by providing false financial statements to lenders and others that the former president used to enrich himself. The suit is seeking $250 million and bans on the Trumps’ ability to operate a business in the state. “He remains resolute in his stance that he has nothing to conceal, and he looks forward to educating the attorney general about the immense success of his multi-billion dollar company,” Trump’s attorney, Alina Habba, said in a statement. In a civil case, if a defendant asserts the Fifth Amendment, the jury can make what’s known as an “adverse inference” and place weight against Trump for refusing to answer questions.

☆ Juul to pay $462 million to six states in its largest settlement ever
▼ + stars: | 2023-04-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —Juul Labs, the e-cigarette maker, is paying $462 million to six US states and DC in the largest multi-state settlement yet for the troubled company that has been accused of contributing to the rise of vaping among youth. Based on responses to the 2022 National Youth Tobacco Survey, 14.1% of high school students and 3.3% of middle school students reported using e-cigarettes within the previous 30 days. California is getting $175.8 million, Illinois is getting $67.6 million, Massachusetts is getting $41.7 million, Colorado is getting $31.7 million, New Mexico is getting $17 million and District of Columbia is getting $15 million. West Virginia said on Monday that Juul is paying $7.9 million for similar accusations of marketing toward youth. Last summer, the FDA ordered Juul products to be removed from the US market.

Companies BlackRock Inc FollowBOSTON, April 5 (Reuters) - New York City pension leaders will press external fund managers, including private market fund managers, on Wednesday for details on their plans to cut greenhouse gas emissions, officials said. Public, and private market managers that have faced less pressure on climate issues to date, run most of the roughly $240 billion in New York City pension fund assets. Boards overseeing the majority of that money have approved new expectations for those managers, New York City Comptroller Brad Lander said, which will be announced on Wednesday. Lander urged BlackRock Inc last fall to take stronger environmental steps such as phasing-out high emitting assets. Lander said the plans recently approved by New York City pension boards extend similar calls to other external managers, including those that manage the 25% of pension assets held in fixed income and the 25% in private markets.

☆ Donald Trump's arraignment: key takeaways include 2 warnings from the judge that he behave himself
▼ + stars: | 2023-04-05 | by ( Laura Italiano | ) www.businessinsider.com time to read: +9 min

Takeaways from Tuesday's arraignment include two separate times the judge warned Trump to behave. The judge also nixed Trump's hope of just staying home on his next court date, December 4. Prosecutors had just handed the judge a thick packet of examples of what Assistant District Attorney Christopher Conroy called Trump's "threatening rhetoric." "May we ask that President Trump, his presence be waived just for that date?" The defense and prosecution are hoping to reach an agreement on the protective order, Trump attorney Susan Necheles said.

☆ House Republicans vow to avenge Trump indictment by going after 'spineless weasel' Alvin Bragg and President Joe Biden
▼ + stars: | 2023-04-04 | by ( Warren Rojas | ) www.businessinsider.com time to read: +3 min

Former President Donald Trump was charged with 34 felony counts Tuesday in Manhattan. House Republicans incensed by the arraignment began spitballing ways to fight back. "This day cannot be forgotten," Rep. Andy Biggs of Arizona wrote online in a post bemoaning the "unequivocal persecution of Donald Trump." Meanwhile, House GOP Conference chair Rep. Elise Stefanik predicted that all those seeking to politically harm Trump with this trial had actually sealed their own fates. "President Trump will defeat this latest witch-hunt, defeat Joe Biden, and will be sworn in as President of the United States of America in January 2025," she said in a press release.

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