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☆ Criminal sentencing of Binance founder CZ postponed to late April
▼ + stars: | 2024-02-12 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Changpeng Zhao, founder and CEO of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 16, 2022. The criminal sentencing of Binance founder Changpeng Zhao on a money laundering rule charge has been postponed until April 30, according to a notice Monday in Seattle federal court. That docket entry did not explain what would be a two-month delay in sentencing Zhao, a Canadian national widely known as "CZ" who is free on a $175 million release bond in the United States. Federal sentencing guidelines suggest a maximum sentence of 18 months in prison for Zhao, but prosecutors reportedly have considered asking for a harsher sentence. Zhao pleaded guilty on Nov. 21 to a charge of failure to maintain an effective anti-money laundering program at Binance, the world's largest cryptocurrency exchange.

Persons: Changpeng Zhao, Zhao, William Burck Organizations: Viva Technology, Porte de, Canadian, CNBC, Department of Justice, Emergency Economic Locations: Porte, Paris, Seattle, United States, Binance

Al-Shifa, Israeli officials have argued, is an example of Hamas’s willingness to use hospitals as cover and turn civilians into human shields. The portion of the tunnel visible in the Israeli military video is at least 350 feet long. But beyond accusing the Israeli military of planting evidence at hospitals, Hamas and Gazan officials have not directly refuted the evidence presented by Israel. The Israeli military declined to provide additional imagery to support its assertion that this was a tunnel entryway or part of a tunnel complex. Concrete sections of the Al-Shifa tunnel are visible in this still image from the video released by the Israeli military.

KINGFISHER, Okla. (AP) — A man was sentenced to life in prison after pleading guilty to killing four workers at an Oklahoma marijuana farm in 2022. As part of a plea agreement, Wu was sentenced to life in prison without parole for each of the murder counts and given a 20-year prison term for the assault charge. Wu, 47, was arrested in Florida two days after the shooting and was later extradited to Oklahoma. Killed in the attack were Quirong Lin, Chen He Chun, Chen He Qiang and Fang Hui Lee, court documents show. “This case should serve as a reminder of the dangers surrounding illegal marijuana activity in Oklahoma,” said Kingfisher County District Attorney Tommy Humphries, according to The Oklahoman.

Persons: Chen Wu, Wu, Wu Chen, Quirong Lin, Chen, Chun, Qiang, Fang Hui Lee, Yi Fei Lin, ”, Tommy Humphries Organizations: Prosecutors, Oklahoma City, Authorities Locations: Oklahoma, Hennessey, Florida, Kingfisher

SAN BERNARDINO, Calif. (AP) — A man whose family's gender reveal ceremony sparked a Southern California wildfire that killed a firefighter in 2020 has pleaded guilty to involuntary manslaughter, prosecutors said Friday. A smoke-generating pyrotechnic device was set off in a field and quickly ignited dry grass on a scorching day. On Friday, the San Bernardino County district attorney announced that Refugio Manuel Jimenez Jr. had pleaded guilty to one count of involuntary manslaughter and two counts of recklessly causing a fire to an inhabited structure. Photos You Should See View All 21 ImagesAngelina Jimenez pleaded guilty to three misdemeanor counts of recklessly causing fire to property of another. Flames blackened nearly 36 square miles (92 square kilometers) of land in San Bernardino and Riverside counties before the blaze was contained on Nov. 16, 2020.

Persons: Refugio Manuel Jimenez Jr, Angelina Jimenez, Charles Morton, Morton, Jason Anderson, “ Organizations: BERNARDINO, Calif, El, Big Bear Interagency, U.S . Forest Service, San, San Bernardino National Locations: Southern California, El Dorado, El, Ranch, Yucaipa, San Bernardino Mountains, Los Angeles, San Bernardino County, San Bernardino, Riverside, California

Remington is consolidating its operations in Georgia, a state the company says is friendlier to the firearms industry. Mayor John Stephens meets with village board members under a seal portraying Eliphalet Remington holding a long gun. The four-story, brick plant by Armory Street and Remington Avenue looms over the community about 55 miles (90 kilometers) east of Syracuse. The Ilion plant went to a group of investors called the Roundhill Group as part of a $13 million bid. After months of union negotiations, the firearms plant reopened in the spring of 2021.

Persons: — Remington, Eliphalet Remington, Sandy, Remington, it’s, ”, Jim Conover, Mayor John Stephens, Conover’s, Frank “ Rusty ” Brown, “, Brown, RemArms, Ken D’Arcy, “ They've, Daniel Mendez, Stephens, Michael Disotelle, Sandy Hook, we’re, ” Stephens Organizations: Remington, Mayor, Street, United Mine Workers of America, Remington Firearms, Republican, New, Smith & Wesson, Cerberus Capital Management, Remington Arms, Bushmaster Firearms, Co, Vista Locations: Mohawk, Georgia, Sandy Hook, Detroit, Syracuse, New York, New York City, Tennessee, Springfield , Massachusetts, LaGrange , Georgia, Erie, Ilion

☆ Palo Alto, Eli Lilly and Eaton are up big. Here are entry prices for new investors
▼ + stars: | 2024-02-11 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Palo Alto Networks , Eli Lilly , and Eaton rallied hard over the past 12 months — up 127%, 117% and 66%, respectively. This $315 level is also close to the 50-day simple moving average (red line). Eli Lilly Two potential entry points: $617 (the 50-day simple moving average) and $541 (the 200-day simple moving average) The 50-day simple moving average is $617, a roughly 16.5% pullback from current levels, while the 200-day simple moving average is $541, a 27% decline. Instead, keep a close eye on that 50-day moving average, looking for that gap between the moving average and the stock price to narrow. As we can see, $242 represents the current 50-day moving average, with $240 representing a level of resistance shares recently surpassed.

Persons: Eli Lilly, Eaton, it's, pullbacks, PANW, Mounjaro, they've, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Palo Alto Networks, Big Tech, Palo Alto, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Provo , Utah

The Champions League narrative is so often about Manchester City and Real Madrid. The past two champions of Europe were the only teams to sweep through the group stage with six wins. BONUS ENTRIESEvery result in the Champions League, plus the Europa League and Europa Conference League, also counts toward UEFA’s longstanding ranking table of each country’s collective performance. Each Champions League win for Inter, Napoli and Lazio is good for all Italian clubs doing well in Serie A. And so, the 29 games left in the Champions League through the June 1 final in London have great value beyond the 16 clubs directly involved.

Persons: Erling Haaland, Madrid’s Jude Bellingham, Abu, Harry Kane’s, Kylian Mbappé, —, Madrid, ___ Organizations: Manchester City, Copenhagen, Everton, Champions League, Premier League, Liga, Bayern Munich, Bayer Leverkusen, Bayern, Bundesliga, Lazio, Paris Saint, Germain, Real Sociedad, Inter Milan, PSG, Borussia Dortmund, AC Milan, Inter, Atletico Madrid, PSV Eindhoven, Dortmund, Napoli, Barcelona, Porto, Arsenal, UEFA, FIFA, League, Chelsea, Benfica, Atletico, Spanish, Juventus, Europa League, Europa Conference League, Serie, —, Liverpool Locations: Real Madrid, Europe, Man, Madrid, Leipzig, Girona, Abu Dhabi, Bellingham, Paris, United States, Barcelona, Italy, Germany, Spain, Manchester, London

☆ Ether is poised for an ETF approval in May, but the crypto’s price action may be subdued
▼ + stars: | 2024-02-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Investors expect the Securities and Exchange Commission to greenlight spot ether ETFs in May, but the price action for the crypto could be subdued compared to bitcoin's moves in the runup to its ETF approvals. That compares to the 55% surge bitcoin saw after BlackRock first filed its spot ETF application for the flagship crypto. Regardless, we see the spot ether ETF being less appreciated by the market." JPMorgan estimates a "no more than 50% chance" of spot ether ETF approval by May 23, the final deadline for the SEC to approve or deny the Ark/21Shares application . Schwenkler said any excitement leading up to potential ether ETF approvals will be "less speculative" and that a lot of it is priced in already.

Persons: Kenneth Worthington, Nico Cordeiro, there's, Owen Lau, Oppenheimer, Gustavo Schwenkler, Bitcoin, Solana, Schwenkler, — CNBC's Michael Bloom Organizations: Securities and Exchange Commission, JPMorgan, BlackRock, BTC, ETH, SEC, CNBC, Leavey School of Business, Santa Clara University, of Locations: Southern, of New York, bitcoin

☆ Weight loss drugs are still hard to find — but Novo Nordisk and Eli Lilly are trying to change that
▼ + stars: | 2024-02-10 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +8 min

Victoria Klesty | ReutersThe insatiable demand for weight loss drugs is trouncing supply, leaving many patients struggling to find the injectable treatments. The dominant weight loss drugmakers, Novo Nordisk and Eli Lilly , have said supply woes likely won't go away anytime soon, as the popularity of those medicines continues to soar. Some Wall Street analysts project that the weight loss drug market could be worth $100 billion by the end of the decade. But both Novo Nordisk and Eli Lilly gave updates on positive supply developments to investors over the last week. Other forms of weight loss drugs could helpAlternative forms of weight loss drugs could also help alleviate supply constraints in the future.

Persons: Victoria Klesty, Eli Lilly, Cantor Fitzgerald, Louise Chen, Nordisk's Wegovy, Eli Lilly's Zepbound, Goldman Sachs, Jeff Friedman, Novo, Mike Segar, Eli, Catalent, Yves Herman Yves Herman, TD Cowen, Michael Nedelcovych, Anat Ashkenazi, Cantor Fitzgerald's Chen, Morgan Stanley, Eli Lilly's, George Frey Organizations: Novo Nordisk, CNBC, Nordisk's, University of Florida, Pfizer, AstraZeneca, Roche, Food, Nordisk, Company, FDA, Novo Holdings, Wegovy, REUTERS, Reuters, U.S Locations: Oslo, Norway, Novo, U.S, Branchburg , New Jersey, Brussels, Belgium, Catalent, Concord , North Carolina, North, Germany, Indiana, Denmark, France

☆ More fake aircraft are popping up at Russian bases in a crude attempt to fool Ukraine
▼ + stars: | 2024-02-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Image © Planet Labs PBCMozdok Air Base on Jan. 11, 2024. Image © Planet Labs PBCKrymsk Air Base on Nov. 10, 2023. Image © Planet Labs PBCGvardeyskoye Air Base on Dec. 5, 2023. Image © Planet Labs PBCA Russian airfield near Sevastopol, Crimea on Oct. 26, 2023. Image © Planet Labs PBCAnalysts say this widespread tactic is an attempt by Russia to try and fool Ukrainian weaponry from hitting actual targets.

Persons: —, Deception, Brady Africk, Africk, We've Organizations: Analysts, Service, Planet Labs PBC, Business Insider, Mozdok Air Base, Mozdok, Base, Planet, PBC Mozdok Air Base, PBC Mozdok, Krymsk Air Base, Krymsk, PBC Krymsk Air Base, Gvardeyskoye, PBC Gvardeyskoye Air Base, Belbek, Russian, Planet Labs, American Enterprise Institute, Twitter Locations: Russia, Ukraine, Moscow, Kyiv, Jan, Crimean, Mozdok, Kerch, Crimea, Sevastopol, Mar, Ukrainian

☆ Yemen's Houthis Hold Funeral for 17 Militants Killed in US-UK Air Strikes
▼ + stars: | 2024-02-10 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

CAIRO (Reuters) - Yemen's Houthi militia held a funeral on Saturday for at least 17 militants killed during joint U.S.-British airstrikes targeting the Iran-backed militants, the Houthi-run Saba news agency said. The Houthis have launched waves of exploding drones and missiles at commercial ships since Nov. 19 in what they say is a response to Israel's military operations in Gaza, prompting Britain and the United States to start retaliatory strikes last month. "These crimes will not discourage the Yemeni people from continuing their support and backing of their brothers in the Gaza Strip," Saba said in its coverage of the funerals. The Houthi campaign has disrupted international shipping, causing some companies to suspend transits through the Red Sea and instead take the much longer, costlier journey around Africa. Photos You Should See View All 21 Images(Reporting by Ahmed Tolba; Writing by Adam Makary; Editing by Mark Heinrich and Helen Popper)

Persons: Saba, Ahmed Tolba, Adam Makary, Mark Heinrich, Helen Popper Locations: CAIRO, Iran, Saba, Gaza, Britain, United States, Israel, Yemen, U.S, Africa

NEW YORK (AP) — A man accused of stalking Taylor Swift after being spotted multiple times outside the singer's Manhattan townhouse was found unfit to stand trial and will be committed to state custody for psychiatric treatment, attorneys said Friday. David Crowe, 33, was arrested three times late last month in front of the pop star’s home in Manhattan's exclusive Tribeca neighborhood. Crowe was found unfit to stand trial after a psychiatric exam, and the case was dismissed. He will be committed to the custody of the Office of Mental Health to receive treatment, according to the office of Manhattan District Attorney Alvin Bragg. Swift’s Manhattan townhouse has been the scene of several break-ins when Swift wasn’t there, including by some who were identified as stalkers.

Persons: Taylor Swift, David Crowe, Prosecutors, Crowe, Swift, Attorney Alvin Bragg, “, ” Katherine LeGeros Bajuk Organizations: Seattle, Mental Health, Attorney, New York, Defender Services, Associated Press Locations: Manhattan, Manhattan's, Tribeca, New

Vying to replace him are former U.S. Rep. Tom Suozzi, the Democratic nominee, and Nassau County legislator Mazi Pilip, the nominee for both the Republican and Conservative parties. He has held other elected office on Long Island dating back to the mid-1990s, first as mayor of Glen Cove and later as Nassau County executive. Pilip is an Ethiopian-born former Israeli paratrooper who has served in the Nassau County legislature since her election in 2021. Here’s a look at what to expect on election night:SPECIAL ELECTION DAYThe special election in New York’s third congressional district will be held Tuesday. On Tuesday, the shortest, most direct path to victory would be to win in Nassau County.

Persons: Republican George Santos ’, Santos, Tom Suozzi, Mazi Pilip, Suozzi, Pilip, Donald Trump, Hillary Clinton, Joe Biden, Robert Zimmerman, Lee Zeldin, Kathy Hochul, Zeldin, it’s, Rhonda Shafner Organizations: WASHINGTON, Republican, New, U.S, Representative, U.S . Rep, Democratic, Conservative, Democrats, U.S . House, Republicans, Press, WHO, Suozzi, Democratic Gov, Pilip, AP, Queens Locations: Nassau County, Congress, Long, Glen Cove, Ethiopian, Nassau, U.S, New, New York, District, Queens

☆ Yen near 10-week low, dollar buoyant as traders adjust rate bets
▼ + stars: | 2024-02-09 | by ( ) www.cnbc.com time to read: +3 min

The yen wallowed near a 10-week low on Friday, while the dollar ground towards a fourth weekly advance as traders dialed back bets on how quickly the Bank of Japan, or BOJ, will raise interest rates and how soon the Federal Reserve will cut them. The yen wallowed near a 10-week low on Friday, while the dollar ground towards a fourth weekly advance as traders dialed back bets on how quickly the Bank of Japan, or BOJ, will raise interest rates and how soon the Federal Reserve will cut them. The yen was little changed at 149.315 per dollar in early Asian trading, after dipping to 149.48 late in the previous session for the first time since Nov. 27. Both currencies have been relatively resilient with officials from the European Central Bank and Bank of England pushing back against market wagers on early rate reductions. New Zealand's dollar gained 0.34% to $0.6117, supported by bets for a delayed start to Reserve Bank rate cuts - or even the potential for further hikes - after data this week showed a stronger-than-forecast jobs market.

Persons: Shinichi Uchida, Shunichi Suzuki, Jerome Powell, FOMC, Richard Franulovich, Sharon Zollner, bitcoin Organizations: Bank of Japan, Federal Reserve, BOJ, Japanese Finance, Traders, European Central Bank and Bank of England, Reserve, ANZ Locations: Tokyo

As Dwight progressed through the Air Force, he was handpicked by President John F. Kennedy’s White House to join Chuck Yeager’s test pilot program at Edwards Air Force Base in California’s Mojave Desert. That fabled astronaut breeding ground, site of “The Right Stuff,” might have turned Dwight into one of the most famous Americans and the first Black man in space. Dwight astronaut future took a more drastic turn when Kennedy was assassinated on Nov. 22, 1963. “Everybody was wondering, ‘What’s going to happen with Dwight?’" says Dwight. To the Black astronauts who followed in his footsteps, Dwight braved their path.

Persons: Ed Dwight, he’d, ’ ” Dwight, Dwight, ”, “, ‘, John F, Chuck Yeager’s, Edwards, Kennedy, —, ” Dwight, Zoom, Guion, Bernard Harris, ” Harris, Ed, who’s, Lisa Cortés, Diego Hurtado de Mendoza, that’s, Eddie Dwight, Satchel Paige’s, Edward R, Murrow, James Webb, “ Yeager, Jimmy Stewart, Yaeger, ’ ” Yeager, Yeager, Tom Wolfe’s “, Bobby, Wolfe, ‘ What’s, ’, ” Kennedy, Bobby Kennedy, Patterson, Louis Armstrong, Duke Ellington, Barack Obama, it’s, Hurtado de Mendoza, isn’t, He’s, Chuck, Jake Coyle Organizations: Air Force, Edwards Air Force Base, NASA, Geographic, Disney, Century America, Negro Leagues, Kansas City Monarchs, Soviet Union, Sputnik, Mercury, U.S . Information Agency, Negro, Aerospace Research, House, Arizona State University, “ NASA, White, Congress, Civil Rights, Justice Department, Wright, IBM, Fine Arts, Sculpture, University of Denver, Orion Locations: Kansas, Korea, Hulu, Denver, Soviet, U.S, Edwards, Washington, Germany, Canada, Ohio

☆ Dollar oscillates on less dovish Fed comments; China inflation data awaited
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: +3 min

In this photo illustration, a person is seen holding 100, 50, and 5 US dollar bills in his hand. The U.S. dollar was trading in a tight range on Thursday as traders digested less dovish remarks from policymakers overnight and looked ahead to fresh economic data from the United States. Attention was also on inflation data out of China in the Asian morning amid concerns about deflation in the world's second-largest economy. Forecasts suggest mixed signals, with year-on-year consumer price deflation expected to have intensified in January but month-over-month prices up at the fastest pace in a year. The offshore Chinese yuan was down 0.11% to $7.2036 per dollar ahead of the data.

Persons: Susan Collins, Tony Sycamore, Sterling, Wei Liang Chang Organizations: U.S, Boston, Traders, IG, Bank of, DBS Locations: United States, China, Asia

☆ ‘Moana 2’ coming to theaters. You’re welcome
▼ + stars: | 2024-02-08 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —The line where the sky meets the sea is calling “Moana” again. Disney announced a sequel to the hit 2016 animated film on Wednesday, and even revealed a release date. The movie is a pivot from original plans, which was going to have “Moana 2” play out in a TV series. “Moana” proved a box office success for Disney, and made over $680 million at the box office. “Moana 2” hits theaters on Nov. 27, 2024.

Persons: “ Moana, Moana, she’s, Dave Derrick Jr, Abigail Barlow, Emily Bear, Opetaia Foa’i, Mark Mancina Organizations: CNN, Disney Locations: Moana, Maui, Oceania, “

NEW YORK (AP) — Carnegie Hall’s 2024-25 season will feature a festival celebrating Latin music titled “Nuestros Sonidos (Our Sounds).”Gustavo Dudamel opens the season and the festival on Oct. 8, leading the Los Angeles Philharmonic in Rachmaninoff’s Piano Concerto No. A dozen festival concerts were announced Wednesday and more will be added, with events throughout New York City. The London Symphony Orchestra, in its first season with chief conductor Antonio Pappano, plays at Carnegie Hall for the first time since 2005 when it performs on March 5, 2025. Pianist Igor Levit gives a Jan. 12 recital in which he performs Liszt’s transcription of Beethoven’s Seventh Symphony. Soprano Asmik Grigorian has a recital on Dec. 17, then returns March 18 for Strauss’ “Vier letzte Lieder (Four Last Songs)” with the Cleveland Orchestra and music director Franz Welser-Möst.

Persons: —, ” Gustavo Dudamel, Lang Lang, Gustavo Castillo, Dudamel's, Gabriela Ortiz, Alisa Weilerstein, Mendelssohn’s, María Valverde, Natalia Lafourcade, ”, ” “ We've, Clive Gillinson, Carnegie, ” Gillinson, Kirill Petrenko, Riccardo Muti, Antonio Pappano, Igor Levit, Asmik Grigorian, Strauss, Franz Welser Organizations: — Carnegie, Los Angeles Philharmonic, Music, Arts of South, ” Carnegie, Berlin Philharmonic, Chicago Symphony Orchestra, Jan, Vienna Philharmonic, London Symphony Orchestra, Carnegie Hall, Cleveland Orchestra Locations: Spanish, New York City, Arts of South Africa, America

It's a story increasingly familiar in the energy industry: Some utility companies don't properly assess the risks wildfires pose to their operations. The primary purpose is to prevent power lines from igniting a wildfire during periods of high fire danger. The lawsuit also alleges the company "inexcusably kept their power lines energized during the forecasted high-fire danger conditions." A PG&E utility worker locates a gas main line in the rubble of a home burned down by wildfire in Paradise, California, Nov. 13, 2018. Several of those agencies track statewide wildfire information, but most did not keep track of the names of utility companies associated with wildfire incidents.

Persons: Michelle Glogovac, Glogovac, Laurie Allen, Brent Jones, Allen, Jones, inexcusably, Michael Wara, Shelee Kimura, Yuki Iwamura, David Pomerantz, Pomerantz, Patti Poppe, It's, JOSH EDELSON, Warren Buffett's, Stanford's, CNBC's Brian Sullivan, David Paul Morris, Institute's Pomerantz, Tama Organizations: CNBC, Electric, Energy, Stanford University, Hawaiian Electric, AFP, Getty, Policy, Policy Institute, NV Energy, Warren Buffett's Berkshire Hathaway Energy, Bloomberg, Getty Images Locations: Paradise , California, Lahaina , Hawaii, Hawaii, Maui, Maui County, Lahaina, California, Nevada, Warren, — Arizona, California , Colorado, Hawaii , Montana , Nevada , New Mexico , Oregon , Utah, Washington, Arizona , New Mexico, Utah

☆ Taylor Swift Heading to Disney+ and ‘Moana’ Sequel to Theaters
▼ + stars: | 2024-02-07 | by ( Brooks Barnes | More About Brooks Barnes | ) www.nytimes.com time to read: +1 min

Disney is deploying Taylor Swift and Moana as part of a campaign to revitalize its entertainment lineup. Swift to bring her blockbuster “Eras Tour” concert movie to streaming for the first time. “The Eras Tour (Taylor’s Version)” will include five additional performed songs, including the fan favorite “Cardigan,” and exclusively arrive on Disney+ on March 15. “The Eras Tour” movie has sold more than $260 million in tickets at cinemas worldwide. Nielsen said streaming customers have watched almost 80 billion minutes of “Moana” over the last four years.

Persons: Taylor Swift, Swift, Robert A, Disney, Moana, Moana ”, Nielsen Organizations: Disney, Nielsen Locations: Moana, Cardigan, ”

Moana and Maui are sailing back to the big screen, very quickly. “Moana 2” is coming to theaters in November, Walt Disney Company CEO Bob Iger said Wednesday. “Moana 2” was directed by Dave Derrick Jr. and will feature music by Grammy winners Abigail Barlow and Emily Bear, Mark Mancina, and Grammy nominee Opetaia Foa’i. The first film made over $680 million at the global box office and has been streamed for over 1 billion hours on Disney+. Dwayne Johnson is also at work on a live-action “Moana” for the company.

Persons: Bob Iger, Moana, “, she’s, ” Iger, Dave Derrick Jr, Abigail Barlow, Emily Bear, Mark Mancina, Opetaia Foa’i, Dwayne Johnson Organizations: Walt Disney Company, “, Disney Locations: Moana, Maui, Oceania

☆ Dollar on defensive after pullback from nearly 3-month peak
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: +2 min

The dollar remained under pressure on Wednesday after retreating from a nearly three-month high against the euro in the previous session with a decline in U.S. bond yields adding to the drag. The dollar remained under pressure on Wednesday after retreating from a nearly three-month high against the euro in the previous session with a decline in U.S. bond yields adding to the drag. U.S. Treasury yields also turned down from highs overnight on solid demand at a sale of new three-year notes, removing some support for the dollar. The U.S. dollar index , which measures the currency against six major peers, including the euro, was flat at 104.14, following Tuesday's 0.29% slide. The currency pair tends to be extremely sensitive to moves in Treasury yields.

Persons: Jerome Powell scuppered, Matt Simpson, James Kniveton Organizations: Federal, Treasury, U.S, CPI, Federal Reserve Locations: U.S, Asia

WASHINGTON (AP) — The Pentagon believes it has identified the mechanical failure that led to a fatal crash of an Osprey aircraft in Japan and the grounding of the fleet for two months, a U.S. defense official told The Associated Press. The Air Force investigation is continuing into the Nov. 29 Air Force special operations command CV-22 crash, which killed eight service members. The crash led to a rare grounding on Dec. 6 of about 400 Osprey aircraft across the three services. Both the Air Force and Marine Corps have been running the Osprey's engines; the Marines have been conducting ground movements to keep the aircraft working. While the current Osprey standdown is one of the largest military aircraft groundings in terms of affecting three services’ flight operations, it’s not the longest.

Persons: Chris Engdahl, ” Engdahl, Engdahl, Alyssa Myers, it’s Organizations: WASHINGTON, Pentagon, Osprey, Associated Press, Safety Council, Air Force, Navy, Marine Corps, Naval Safety Command, The Air Force, Ospreys, Marines, Safety, Congress Locations: Japan, U.S

☆ We're raising our price target on Eli Lilly by $120 after its excellent quarter
▼ + stars: | 2024-02-06 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +10 min

Bottom line Eli Lilly delivered a strong report Tuesday. Still, it's not a surprise to see shares of Eli Lilly fall nearly 2% Tuesday, to around $694 each. Despite doubling manufacturing capacity year over year in 2023, Eli Lilly said demand for its GLP-1s is "likely to outpace supply" this year. We're raising our Eli Lilly price target to $750 a share from $630, while reiterating our 2 rating on the stock, meaning we'd wait for a pullback before adding to our position. Eli Lilly & Co. Mounjaro brand tirzepatide medication arranged at a pharmacy in Provo, Utah, US, on Monday, Nov. 27, 2023.

Persons: Eli Lilly's, Lilly's, Eli Lilly, Mounjaro, Zepbound, it's, —, Jim Cramer, Anat Ashkenazi, NASH, Lilly, Jim, Jardiance, Verzenio, Trulicity, donanemab, Ashkenazi, Jim Cramer's, George Frey Organizations: Revenue, LSEG, U.S, Novo Nordisk, Food and Drug Administration, Analysts, Investors, FDA, CNBC, Bloomberg, Getty Locations: Mounjaro's, U.S, Mounjaro, Trulicity, Provo , Utah

The Netherlands wants this cabinet and now Pieter Omtzigt is throwing in the towel while we were still in discussions until today. Since the election, Wilders’ Party for Freedom has since risen even further in polls, with some suggesting he could win 50 seats if new elections were held. “It is a total surprise to us that Pieter Omtzigt (NSC) has decided to leave the table and stop talking. The four parties that were involved in the talks hold a total of 88 seats — a comfortable majority in the lower house. Talks, however, have been tough, with Omtzigt voicing reservations from the outset about some of Wilders’ policies.

Persons: —, Geert Wilders, Pieter Omtzigt, Wilders, Omtzigt, ”, Ronald Plasterk, Plasterk, Mark Rutte, Caroline van der, “ I'm, Dilan Yeşilgöz, Zegerius, “, ” Van der Plas Organizations: New, Labor Party, Party, Freedom, NSC, People’s Party for Freedom and Democracy, Farmer Citizen Locations: HAGUE, Netherlands

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