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Persons: Dow Jones
Henrietta Lacks changed modern medicine when doctors took her cells without her consent in 1951. Despite that incalculable impact, the Lacks family had never been compensated. Henrietta Lacks' cells have been part of many medical breakthroughs. "The exploitation of Henrietta Lacks represents the unfortunately common struggle experienced by Black people throughout history," the complaint reads. "It was a long fight — over 70 years — and Henrietta Lacks gets her day."
Persons: Henrietta, HeLa, Ben Crump, Crump, didn't, Rebecca Skloot, Oprah Winfrey, Johns Hopkins, Fisher, George Floyd's, Alfred, Carter Jr, Chris Van Hollen, Ben Cardin, Van Hollen Organizations: Service, Johns Hopkins Hospital, Fisher Scientific Inc, Associated Press, HBO, Johns Hopkins Medicine, Maryland Democrats Locations: Wall, Silicon, Waltham , Massachusetts, Baltimore, Virginia, United States, Baltimore's
REUTERS/Rebecca Cook/File PhotoAug 1 (Reuters) - Creditors led by Apollo Global Management Inc (APO.N) are nearing a deal to provide Yellow Corp (YELL.O) with fresh cash during a coming bankruptcy, Bloomberg News reported, citing people familiar with the matter. Yellow declined to comment, while Apollo did not immediately respond to a Reuters request for comment. Yellow, formerly called YRC Worldwide, is the third-biggest U.S. trucking company. Yellow has $1.3 billion in debt payments due in 2024, including a $567.4 million term loan due in June and a $729.4 million U.S. Treasury loan due in September. Reporting by Priyamvada C in Bengaluru; Editing by Anil D'Silva and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
Persons: Rebecca Cook, Yellow, Priyamvada, Anil D'Silva Organizations: REUTERS, Apollo Global Management Inc, Yellow Corp, Bloomberg News, U.S, YRC, Teamsters, USF, Treasury, Thomson Locations: Detroit , Michigan, Bengaluru
The family of Henrietta Lacks, the Black woman whose cancer cells were taken without consent and used to pioneer numerous medical discoveries, reached a settlement on Monday with a biotechnology company that had used the cells. Lacks, who died decades ago, accused the company, Thermo Fisher Scientific, of selling the cells and trying to secure intellectual property rights on the products the cells were used to help develop without compensating the family or seeking their permission or approval. The terms of the settlement are confidential, lawyers for both parties said in a statement. Thermo Fisher, a Massachusetts-based biotechnology company, and the legal team for Ms. Lacks’s family released identical statements announcing the settlement. “The parties are pleased that they were able to find a way to resolve this matter outside of Court and will have no further comment,” the statements said.
Persons: Henrietta Lacks, Lacks’s Locations: Massachusetts
AT A MAY awards show, Oscar Isaac, the 44-year-old actor known for his cool-dad style, smoldered in a slate-blue outfit. Elegant and restrained, the monochrome Ferragamo ensemble had one particularly memorable feature: Its trousers kicked out, subtly, at the hems. That gave it a hint of “Saturday Night Fever” swagger, said Michael Fisher, the stylist behind the look, without suggesting Isaac was eager to boogie to the Bee Gees. When done right, said Fisher, flares “add a cool factor without looking like you’re trying too hard.”
Persons: Oscar Isaac, Michael Fisher, Isaac, Fisher Organizations: Bee
A health-care fund with a strong track record could be in a sweet spot for investors who are looking to take some risk off the table, according to Bank of America. "Since 2006, HCES has been a 'goldilocks' trade for investors looking for high-beta healthcare exposure without extreme volatility," the note said. The firm's top-rated ETF in the space is the iShares U.S. Medical Devices ETF (IHI) , which helps investors avoid the volatile biotech stocks found in broader health-care sector funds. IHI 5Y mountain The IHI has averaged a total return of more than 10% over the past five years. In our view, the trade is far less crowded than broad healthcare for investors looking for defensive exposure," Woodard said.
Persons: Jared Woodard, HCES, Woodard, — CNBC's Michael Bloom Organizations: Bank of America . Investment, Medical Devices, Fisher, Abbott Laboratories, Bank of America Locations: U.S
CNN —Following the announcement of Sinéad O’Connor’s death aged 56 Wednesday, her life and music with all their complexities and convulsions have been put back into the spotlight. At first, the act drew widespread condemnation, but in subsequent years this eventually gave way to admiration as the Catholic Church acknowledged and apologized for the sexual abuse perpetrated by members of the clergy, often toward children. Ripping up that photo of the pope defined her career in a “beautiful f**king way,” she told the Guardian in 2021. Joe Pesci hosted the show the following week and in his opening monologue said that O’Connor “was very lucky it wasn’t my show. As the years passed, however, the public’s stance toward O’Connor softened as sexual abuse by members of the clergy became a matter of record.
Persons: Sinéad, Pope John Paul II, Bob Marley’s, ” O’Connor, John Paul II, , O’Connor, , O'Connor, Stringer, Bob Dylan, Joe Pesci, she’s, Joey Buttafuoco, Amy Fisher, Pope Benedict XVI, O’Connor’s, Aisling Bea, sayer, Morrisey Organizations: CNN, Catholic Church, Rolling Stone, SNL, Guardian, Defamation League, Smiths Locations: Irish, United States, London, Antigua, Australia, Ireland
SummaryCompanies Alphabet climbs on Q2 profit beatMicrosoft slides as AI spending grows faster than revenueFed's rate decision awaited at 2:00 p.m. Meta Platforms <META.O> rose 1.8% after Alibaba's cloud unit said it would support the Facebook owner's open-source AI model Llama. The Fed is expected to deliver a 25-basis point interest rate hike later in the day, though there is less clarity over what the central bank will do at subsequent meetings. ET, Dow e-minis were down 65 points, or 0.18%, S&P 500 e-minis were down 7.25 points, or 0.16%, and Nasdaq 100 e-minis were down 43.75 points, or 0.28%. Wells Fargo (WFC.N) climbed 2.8% after the bank's board authorized a new share buyback program of up to $30 billion.
Persons: Joshua Warner, Stefan Koopman, Wells Fargo, Bansari Mayur Kamdar, Johann M, Savio D'Souza, Anil D'Silva Organizations: Microsoft, Dow, Nasdaq, Wall, Google, NYSE, Facebook, Rabobank, Dow e, Federal Trade Commission, Thomson Locations: Bengaluru
Morning Bid: Markets brace for Fed decision, earnings flood
  + stars: | 2023-07-26 | by ( ) www.reuters.com   time to read: +2 min
Investors will be listening carefully to Chair Jerome Powell for indications of whether or not another interest rate hike is in the pipeline. The Fed's communication could set the tone for markets ahead of policy decisions from the European Central Bank (ECB) on Thursday and the Bank of Japan (BOJ) on Friday. Reuters GraphicsEuro zone June M3 annual growth and lending data on Wednesday are unlikely to affect markets ahead of the ECB's decision. Chinese stock markets were mostly lower on Wednesday following a steep rally the day before. China's blue-chip CSI300 (.CSI300) index was down 0.3% while the CSI 300 Real Estate index gained 0.2%.
Persons: Brigid Riley, Jerome Powell, HSI, Sonali Desai, Edmund Klamann Organizations: Federal Reserve, Federal, Market, European Central Bank, Bank of Japan, ECB, Reuters, Fisher, Union Pacific Corp, eBay, Boeing, Microsoft, Carrefour, Danone, GSK, CSI, CPI, Reserve Bank of Australia, U.S, Fed, Thomson Locations: United States, U.S, Europe, France, Asia, China
Gap announced Wednesday it's poached a top Mattel executive to be its new CEO as the apparel giant seeks to reverse an ongoing sales slump and regain its relevancy in the fashion industry. Since then, Gap's chairman, Bob Martin, has been serving as interim CEO during a longer-than-expected search for a successor. During a May earnings call, Martin told investors he didn't expect to hold the position of interim CEO as long as he had. Gap shares gained about 6% on Wednesday after the news, while shares of Mattel fell slightly. During his tenure with Mattel, Dickson is credited with reviving the Barbie franchise and growing the toymaker's other top brands, including Hot Wheels and Fisher-Price, according to Mattel.
Persons: it's, Richard Dickson, Sonia Syngal, Bob Martin, Martin, Dickson, Price Organizations: Mattel
Alphabet — The Google parent popped more than 6% after topping Wall Street's second-quarter earnings expectations, fueled by growth in its cloud-computing segment. Microsoft, however, did beat Wall Street's estimates, reporting earnings of $2.69 per share on $56.19 billion in revenue. Snap topped second-quarter expectations, reporting a narrower-than-expected loss of 2 cent a share on $1.07 billion in revenue. Wells Fargo also said that its board approved a previously announced dividend hike to 35 cents from 30 cents per share. The company topped earnings but fell short on revenue expectations, reporting adjusted earnings per share of 63 cents on $29.92 billion in revenue.
Persons: Ruth Porat, Refinitiv, Wells Fargo, popper, , Sarah Min, Yun Li, Hakyung Kim, Jesse Pound Organizations: Google, Microsoft, Boeing, Texas, — Texas, Teladoc Health, Dish, Bloomberg News, Fisher, Pacific Locations: Mountain View , California, Banc, California
Los Alamos National LaboratorySituated 7,300 feet above sea level and roughly 35 miles from Santa Fe, the Los Alamos site seemed ideal for a secret laboratory. Constant constructionCompared to the Chicago labs, where some of the work on the Manhattan Project was being done, Los Alamos was starting from scratch. The commissary is where many Los Alamos residents did most of their grocery shopping during the Manhattan Project. Mary Palvesky is the daughter of Harry Palevsky and Elaine Sammel, who both worked at Los Alamos during the Manhattan Project. After the US dropped the bombs, the site became the Los Alamos National Laboratory.
Persons: J, Robert Oppenheimer, he'd, Oppenheimer, Abraham Pais, Laura Fermi, Enrico Fermi's, Robert Wilson, Leslie Groves, John Henry Manley, would've, McAllister Hull, Richard Feynman's, Groves, you'd, Robert Serber, Serber, John Manley, Leon Fisher, Phyllis, Emile Segré, Leon, Phyllis Fisher, wouldn't, Ruth Marshak, Elsie McMillan, Enrico Fermi, Jane Wilson, Charlotte Serber, Kitty Oppenheimer, Los Alamos, Lucie Genay, they'd, Edward Teller, Bernice Brode, Robert Brode, Jean Bacher, Thomas Mann's, Fisher, Mary Palvesky, Harry Palevsky, Elaine Sammel, Palvesky, Joseph Rotblat, Hans Bethe, Pavlevsky, Bethe, couldn't, Marcos, Maria Gómez Organizations: Manhattan Project, Service, Manhattan, Trinity Test, Los Alamos National Laboratory, Los Alamos National, Los Alamos Ranch School, Manhattan Project . National Security Research, Los Alamos, Alamos lab's Tech Area, National Security Research Center, Residents, Carpenters, Tech, Security Research, Los, Nuclear Weapons Industry, couldn't, Trinity, Chicago Met Lab, Japan Locations: New Mexico, Los Alamos, Wall, Silicon, Alamos, Santa Fe, Chicago, Los, Mexican, Hiroshima, Nagasaki, Berkeley, New York
Rosie O'Donnell says she was asked about running for SAG-AFTRA president in 2021. She told The Wall Street Journal she didn't want to run, but suggested Fran Drescher instead. Rosie O'Donnell told The Wall Street Journal that the SAG-AFTRA had been in touch before its most recent election in 2021 to ask if she was interested in running as president. She said she wasn't interested but suggested they contact her friend Drescher instead, because of her "Norma Rae-like ability to inspire." She can succinctly choose the words that are going to have the most impact in the smallest amount of time," O'Donnell told the newspaper.
Persons: Rosie O'Donnell, Fran Drescher, O'Donnell, Norma Rae, She's, AFTRA, wasn't, Drescher, Jay Clendenin, Matthew Modine, Joely Fisher, Modine, Fisher Organizations: SAG, Wall Street, Wall Street Journal, LA Times Locations: Los Angeles
Christopher Nolan's "Oppenheimer" is about the Manhattan Project, and features an atomic bomb test. By using chemicals and layering clips while editing, they made a realistic atomic explosion. For Christopher Nolan's latest blockbuster, which follows the development and aftermath of the atomic bomb by following its creator, Robert J. Oppenheimer, Nolan chose not to use computer-generated imagery, or CGI. Cillian Murphy looks out the window at the simulated Trinity test while playing the titular role in Oppenheimer. A comparison between the prop bomb used in filming Oppenheimer [top] and the historic photo of the bomb used in the Trinity test [bottom].
Persons: Christopher Nolan's, Oppenheimer, he's, Robert J, Nolan, Scott Fisher, Cillian Murphy, Fisher, Andrew Jackson, Ruth De Jong, Jackson, It's Organizations: Manhattan, Service, Trinity Test, SYFY, Entertainment, Trinity, Universal Pictures, Los Alamos National Laboratory, Hollywood Locations: Wall, Silicon
David Rosenberg warned the buzz around stocks today is similar to the mania before past crashes. The economist noted that American consumers are running short of cash and struggling to borrow more. The veteran economist and Rosenberg Research president also rang the alarm on the US economy in a research note on Wednesday. "The balloon does have a lot of hot air in it," Rosenberg noted, suggesting it was hard to say when speculation and emotion would cease trumping fundamentals and rational thought. That has raised borrowing costs for consumers and businesses, and wreaked havoc on debt-fueled industries such as commercial real estate.
Persons: David Rosenberg, Rosenberg, Irving Fisher, Abby Joseph Cohen, Chuck Prince's doozy, you've, Merrill Lynch Organizations: Service, Rosenberg Research, North, Nasdaq, Dow Jones, Big Tech, Consumers, New York, Federal Reserve Locations: Wall, Silicon, North American
Silicon Valley and Wall Street stars are indulging Robert F. Kennedy Jr.'s presidential campaign. RFK Jr. has said that vaccines cause autism – and the White House recently blasted him for sharing anti-Semitic conspiracy theories. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. This isn't the first time parts of Wall Street and Silicon Valley have backed an anti-establishment firebrand. In both 2016 and 2020, big names like venture capitalist Peter Thiel and Blackstone CEO Stephen Schwarzman backed Republican candidate Donald Trump.
Persons: Robert F, Kennedy Jr, Jack Dorsey, SPAC, Chamath Palihapitiya, Bill Ackman, Kennedy, Jr, Twitter's, who's, Bill Ackman – who's, Jamie Dimon, , Ken Fisher, Mark Gorton, Chamath, David Sacks, Palihapitiya, Ackman, he'd, Peter Thiel, Stephen Schwarzman, Donald Trump Organizations: Twitter, RFK, White House, Service, CIA, Democratic, Pershing Square Capital Management, Fisher Investments, Research, CNBC, vax, Children's Health Defense, PayPal, Blackstone, Republican Locations: Silicon, Wall, Silicon Valley
Veteran investor Ken Fisher has waved aside concerns that the US is on the brink of a debt crisis. In contrast, billionaire investor Ray Dalio recently warned that the nation is at the start of a "big cycle debt crisis". This astronomical figure has worried many Americans: high-profile investor Ray Dalio warned the nation is at the start of a "late, big cycle debt crisis." Among the most vocal was Bridgewater Associates founder Dalio, who rated the debt-ceiling deal Grade D and predicted the start of a debt crisis, caused by a demand-supply mismatch. "In my opinion, we are at the beginning of a very classic late, big cycle debt crisis, when the supply-demand gap, when you are producing too much debt and have a shortage of buyers," Dalio said last month.
Persons: Ken Fisher, Fisher, Ray Dalio, Dalio Organizations: Service, Privacy, Treasury, Fisher Investments, Bridgewater Associates Locations: Wall, Silicon
Hooman Shahidi, the CEO of the EV-charger firm EVPassport, said 5G could help change this. A test with 5G chargers showed EVs charged faster and more efficiently than 4G-powered chargers. Hooman ShahidiA bad road trip inspired the company's founderUsing the EVPassport system, as Shahidi describes it, is simple. The company got a 5G boost in 2021Roughly a year after the company's founding, something new augmented the EVPassport system: 5G. The majority of EV chargers are currently operating on WiFi, ethernet, or 4G because 5G isn't yet available everywhere across the US.
Persons: Hooman Shahidi, Shahidi, Aaron Fisher, Fisher, Aaron, EVPassport, — it's Organizations: BMW, Google, Apple, BMW i3, 5G, Verizon, EV Locations: Santa Monica , California, Venice, Los Angeles, New York City, Hartford , Connecticut
When asked at the time, he didn't say whether he had donated to Kennedy's campaign. Ackman is one of several prominent business leaders who donated to Kennedy's campaign in the second quarter. The Purple Good Government PAC, a committee that's been largely funded by investor and Elon Musk ally David Sacks, donated $6,600 to the campaign. Ken Fisher, the founder and executive chairman of Fisher Investments, donated $6,600 to the campaign, according to the filing. Veteran Wall Street executive Omeed Malik also donated $6,600 to the Kennedy campaign, the filing says.
Persons: Bill Ackman, Robert F, Kennedy Jr, that's, Elon Musk, David Sacks, Ken Fisher, Omeed Malik, Kennedy, Malik, Brett Messing, Anthony Scaramucci's, Eric Clapton, Sacks, Fisher, Clapton, Chamath Palihapitiya, Joe Biden, Kennedy's, Biden, Kevin Breuninger Organizations: Pershing, Capital, CNBC, RFK, Good Government PAC, Fisher Investments, Wall, Hamptons, Quinnipiac, Democratic Locations: England
The first time Albie Cullen said goodbye to the Grateful Dead was on Aug. 9, 1995. A co-worker told Cullen, an attorney for a Boston-area music label, that Jerry Garcia, the Dead’s iconic lead guitarist, had died that day. The Grateful Dead had replaced departed members before, but this was different. With his rootsy tenor, Santa-gone-gray beard and unmistakable plucking, Garcia had defined a touring juggernaut and its vibrant subculture, which had become synonymous with the ’60s. The band’s four surviving original members agreed they would never use the name “Grateful Dead” without Garcia.
Persons: Albie Cullen, Cullen, Jerry Garcia, , Garcia, Bob Weir, Weir, Garcia —, Bob Dylan’s “, ” Cullen Locations: Boston, Hampton Beach, N.H
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is starting to look past how many rate hikes might be ahead: Investment advisory firmAaron Anderson of Fisher Investments says he doesn't think it matters much for the economy or markets "whether we get one or two, or even three."
Persons: Aaron Anderson Organizations: Investment, Fisher Investments
Final Trades: Broadcom, Conocophillips, Thermo Fisher
  + stars: | 2023-07-12 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Broadcom, Conocophillips, Thermo FisherThe "Halftime Report" traders give their top picks to watch for the second half.
Organizations: Broadcom, Conocophillips
More often, the cases were relatively low-profile — lower court decisions refusing, for example, to apply civil rights protections that are already established. And here’s the thing: In many of those cases, the court ultimately reversed by an overwhelming vote. The lower court decisions were indefensible. But for the court to reverse a lower court decision refusing to honor a civil liberty, the case first has to be put on its docket. Seven years before, the Supreme Court had chastised the Louisiana courts for allowing exactly this kind of unconstitutional gamesmanship.
Persons: Hodges, David Brown, Brown’s, Brown, Ketanji Brown Jackson, Sonia Sotomayor, Elena Kagan Locations: . Louisiana, Louisiana
CNN —Scientists have identified the geological site that they say best reflects a proposed new epoch called the Anthropocene — a major step toward changing the official timeline of Earth’s history. “We’ve moved into this new Earth state and that should be defined by a new geological epoch,” Waters added. On Tuesday, the scientists announced the geological site — Crawford Lake in Ontario, Canada — that best captures the geological impact of the Anthropocene, according to their research. Annual sediment samples from the Crawford Lake site have revealed geochemical traces of nuclear bomb testing, researchers have confirmed. The alpha spectrometry output shown on the screen indicates the presence of plutonium in a Crawford Lake drill core sample.
Persons: , Colin Waters, “ We’ve, Waters, eon, James St, Andrew Knoll, , ” Knoll, Crawford, AWG, Crawford Lake, Francine McCarthy, Andrew Cundy, Stan Finney, it’s, Paul Crutzen —, Finney, It’s, stratigraphers, ” Waters, they’re, Andrew Mathews, We’ve, ’ ” Organizations: CNN —, Environment School, University of Leicester, Geologists, Wales, Harvard University, University, Southampton, Brock University, UK’s University of Southampton, International, International Union of Geological Sciences, Geological Congress, California State University, University of Southampton “, University of California Locations: Crawford Lake, Ontario, Canada, Flinders, South Australia, Jura, Crawford, Southampton Crawford, Sudeten, Lake, California, Baltic, Japan, China, Australia, Gulf of Mexico, Busan, South Korea, Long, Santa Cruz
CNN —Whether from Miami, New York, Seattle or more, millions of Americans pack aboard cruise ships on vacation. That’s the highest number of norovirus outbreaks on cruises recorded since 2012, with almost half of the calendar year left to go. Still, to prevent the spread of norovirus, Schaffner recommends that cruise passengers take extra precautions and wash their hands thoroughly with soap and warm water. According to data from the CDC’s Vessel Sanitation Program, the number of norovirus outbreaks on cruise ships docking at U.S. ports had years of steady decline after 2015. Overall rates of acute gastroenteritis on cruise ships in the U.S. also decreased from 2006 to 2019.
Persons: it’s, , norovirus, William Schaffner, who’s, Schaffner, we’ve, Jeffrey Fisher, there’ve, we’re, Kathleen Conley, ” Schaffner, Fisher, Dr, Sanjay Gupta, , “ They’re, they’re, “ Don’t Organizations: CNN, US Centers for Disease Control, Viking Cruises, Viking, CDC, Vanderbilt University, Central Michigan University, , Sanitation, Royal Caribbean, Royal Caribbean International, CNN Health Locations: Miami , New York, Seattle, Iceland, New York City, norovirus, U.S
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