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☆ Disney CEO Bob Iger's book hints at how he'll handle company's feud with Ron DeSantis
▼ + stars: | 2023-06-01 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +13 min

Insider turned to Disney CEO Bob Iger's 2019 book for insight on how he navigates challenges. As Florida's largest attraction with more than 70,000 jobs, Walt Disney World is crucial to both the company and the state. During his first tenure at Disney, Iger orchestrated the $4 billion acquisition of Marvel without a single leak. Under predecessor Disney CEO Michael Eisner, board members said they worried that Marvel was "too edgy" and "would tarnish the Disney brand." File photo of Disney CEO Bob Iger.

Persons: Ron DeSantis, Bob Iger's, Walt, Robert Iger, Iger's, Bob Chapek, DeSantis, Donald Trump, Disney, Iger, Steve Jobs, Jobs, Bob Iger, Chris duMond, Neilson Barnard, Scott Miller, Miller, that'd, Biden, he's, gunning, Charles Sykes, Paul Hennessy, Michael Eisner, Marvel, Harris, There's, Griffin, George Lucas, Roy Disney, Walt Disney's, he'd, they've, Lucas Organizations: Disney, Florida Gov, Morning, Walt Disney, Republican Gov, Walt Disney Co, Walt Disney Company, ABC, Pixar, Marvel Entertainment, LucasFilm, Century Fox, Marvel, Apple, Getty, Democrat, Bloomberg, Walt Disney World, Board, GOP, Reuters, Republicans, Harvard, Independents, Twitter, Bauer, Jobs, iTunes, Lucasfilm Locations: Florida, Orlando, Shanghai, American, China

☆ Horse racing regulatory officials call ‘emergency summit’ following 12 horse deaths at Churchill Downs
▼ + stars: | 2023-05-30 | by ( Kevin Dotson | ) edition.cnn.com time to read: +2 min

CNN —Horse racing regulatory and safety officials as well as representatives from Churchill Downs will gather in an emergency meeting Tuesday following a tragic series of horse deaths at the famed home of the Kentucky Derby over the span of two months. Twelve horses have died since the stable area reopened for training on March 30, Churchill Downs said in a statement. The track announced the two most recent horse deaths Saturday, saying the horses suffered significant injuries and were euthanized. Churchill Downs CEO Bill Carstanjen said “Churchill Downs respects the authority of HISA and their investigatory process. A spokesperson for Churchill Downs told CNN the emergency summit will take place at the HISA headquarters in Lexington, Kentucky.

☆ We are trimming a couple of our tech stocks that have been riding the wave of AI
▼ + stars: | 2023-05-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Shortly after the opening bell, we will sell 25 shares of Advanced Micro Devices (AMD) at roughly $131 and 25 shares of Meta Platforms (META) at roughly $267.40. We're trimming a couple tech stocks that are riding the artificial intelligence wave. Admittedly, these are tough sales because the tech/AI stocks are the only group working in the current market. Investment dollars continue to concentrate around a select handful of stocks levered to AI, and it's hard to say when the gains will slow down. As for Meta Platforms (META), the stock is up more than 115% year to date and this will be our first time trimming our position into this magnificent run.

☆ South Carolina tried to ban abortions after 6 weeks of pregnancy — but every woman in the state Senate voted against it.
▼ + stars: | 2023-05-28 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +3 min

A South Carolina judge temporarily halted a law banning most abortions after six weeks. Five female lawmakers, named the "Sister Senators," previously filibustered a similar abortion ban. Earlier this year, South Carolina proposed the death penalty for women who get abortions, Insider previously reported. Vicki Ringer, the director of public affairs for Planned Parenthood South Atlantic in South Carolina, called the signing of the bill "unconscionable" on Twitter. Earlier in the week, she wrote, "Twenty-seven Republican men (all of them) voted today to ban abortion in SC.

☆ Facebook-Giphy sale shows how fear of regulators is slowing M&A market
▼ + stars: | 2023-05-26 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Instagram chief Adam Mosseri touted Giphy's "amazing team" and "expressive" userbase, and stressed Giphy's user data was "not the motivation." The sale was forced by the U.K.'s antitrust regulator, which ruled Meta's acquisition posed a risk to the social media and advertising markets. Jonathan Kanter, who helms the Department of Justice's Antitrust Unit, and Lina Khan, the Federal Trade Commission's chair, have been given wide latitude by President Joe Biden to pursue potentially anticompetitive behavior. Prior to his DOJ posting, Kanter worked in private practice, advising directors and executives on potential deals and attendant regulatory pitfalls. Van Grack, the former chief of the DOJ's Foreign Agent Registration Act unit, noted regulatory scrutiny was increasing for years prior to the current administration.

WASHINGTON — President Joe Biden said he was "very optimistic" on Friday about reaching a compromise deal with House Republicans to raise the debt ceiling before a June 5 deadline announced earlier in the day. "I hope we'll have some clear evidence tonight, before the clock strikes twelve, that we have a deal," Biden told reporters on the South Lawn of the White House shortly after 6:00 p.m. White House and congressional negotiators were closing in on a deal to raise the debt ceiling for two years, officials familiar with the negotiations told CNBC earlier in the day Friday. "I'm hopeful we'll know by tonight whether we are going to be able to have a deal," Biden said. Under a proposal that was on the table Friday, House Republicans would achieve at least two of their highest priorities in exchange for voting to raise the debt ceiling.

Persons: Joe Biden, Biden, hadn't, Janet Yellen, Garret Graves of Organizations: WASHINGTON, House Republicans, CNBC, Republican, Capitol, Treasury, Republicans, Internal Revenue Service, Pentagon Locations: White, U.S, Garret Graves of Louisiana

☆ EU will go easy on Indian resale of Russian fuel
▼ + stars: | 2023-05-23 | by ( Shritama Bose | ) www.reuters.com time to read: +5 min

Yet, the risk of an energy inflation resurgence makes a European Union ban on Russian oil reselling a tough call. The war in Ukraine has offered India an opportunity to boost purchases of discounted Russian oil. European imports of oil derivatives jumped to 200,000 barrels per day after the EU banned Russian crude products imports on Feb. 5 from 154,000 barrels previously, according to Kpler data. And New Delhi argues oil products substantially transformed in a third country cannot be subject to EU sanctions. loadingTo avoid an open clash with India, the EU could try to target European companies buying Russian-origin refined oil.

☆ Kurt Cobain's smashed Fender guitar sells for almost $600,000
▼ + stars: | 2023-05-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Kurt Cobain's smashed Fender Stratocaster guitar sold at auction for $595,900, more than 10 times its original estimate. The Nirvana frontman's iconic left-handed electric guitar was smashed while the grunge pioneers were making their seminal Nevermind album in the early 1990s. Reassembled but unplayable, it was expected to sell for between $60,000 and $80,000 at the Julien's auction at the Hard Rock Cafe in New York over the weekend. According to Julien's Auctions, Cobain gave the guitar to Lanegan during Nirvana's Nevermind tour in 1992. The guitar Cobain played during a legendary live acoustic concert on MTV Unplugged in 1993, just five months before his death, was sold two years ago for $6 million.

☆ YouTube's subscription business is already a third the size of Netflix
▼ + stars: | 2023-05-19 | by ( Ryan Joe | ) www.businessinsider.com time to read: +3 min

YouTube's subscription revenue is a third the size of Netflix's, according to asset management firm AllianceBernstein. Asset management firm AlliacneBernstein did the math and noticed that YouTube's last four quarters of ad revenue was $29 billion, which puts its subscriptions revenue at $11 billion. YouTube's ad revenue had declined for three consecutive quarters, dipping 2.6% to $6.7 billion in the last quarter. "We really want to be a platform for all things video," Mohan said. Bolstering the creator aspect around NFL Sunday Ticket will also help YouTube's ad business, Mohan said.

☆ YouTube's top exec Neal Mohan revealed its total revenues were $40 billion last year
▼ + stars: | 2023-05-18 | by ( Ryan Joe | ) www.businessinsider.com time to read: +3 min

YouTube's revenue last year was $40 billion mostly from ads, its chief Neal Mohan said at a recent conference. Newly appointed YouTube chief Neal Mohan said the company's revenue was $40 billion in revenue over the last twelve months. He declined to split out YouTube's revenue between ads and subscription products, like YouTube TV, Premium, and Music. YouTube's ad revenue had declined for three consecutive quarters, dipping 2.6% to $6.7 billion in the last quarter. Bolstering the creator aspect around NFL Sunday Ticket will also help YouTube's ad business, Mohan said.

May 17 (Reuters) - Federal appeals court judges appeared to express support on Wednesday for opponents of the abortion pill mifepristone to pursue their challenge to its U.S. approval, which has potentially far-reaching consequences for abortion access across the country. Circuit Court of Appeals in New Orleans to overturn last month's unprecedented ruling by U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas suspending mifepristone's approval. [1/2] A patient prepares to take Mifepristone, the first medication in a medical abortion, at Alamo Women's Clinic in Carbondale, Illinois, U.S., April 20, 2023. Circuit Judges James Ho and Wilson were appointed by Donald Trump. SAFE AND EFFECTIVEMifepristone remains available for now, following an emergency order from the U.S. Supreme Court putting Kacsmaryk's order on hold during the appeal.

[1/2] A patient prepares to take Mifepristone, the first medication in a medical abortion, at Alamo Women's Clinic in Carbondale, Illinois, U.S., April 20, 2023. REUTERS/Evelyn Hockstein/File PhotoMay 17 (Reuters) - U.S. appeals court judges began hearing arguments on Wednesday in a legal battle over the availability of the abortion pill mifepristone, with potentially far-reaching consequences for abortion access across the United States. Circuit Court of Appeals in New Orleans to overturn last month's unprecedented ruling by U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas suspending mifepristone's approval. Danco Laboratories, which sells the drug under the brand name Mifeprex, is also expected to argue before the court. The emergency room doctors said they were being forced to complete surgical abortions, which was against their conscience, for women who took the pill and failed to complete a medical abortion.

[1/2] A patient prepares to take Mifepristone, the first medication in a medical abortion, at Alamo Women's Clinic in Carbondale, Illinois, U.S., April 20, 2023. REUTERS/Evelyn Hockstein/File PhotoMay 17 (Reuters) - A federal appeals court in New Orleans will hear arguments on Wednesday in a closely watched case brought by anti-abortion activists seeking to ban the abortion pill mifepristone, with potentially far-reaching impact on abortion access across the United States. Circuit Court of Appeals to overturn last month's unprecedented ruling by U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas suspending mifepristone's FDA approval. Mifepristone remains available for now, following an emergency order from the U.S. Supreme Court putting Kacsmaryk's order on hold during the appeal. Whichever way the 5th Circuit panel rules, the decision is sure to be appealed, first to the full court and then to the U.S. Supreme Court.

☆ An Insider’s View of the George Floyd Murder Trial
▼ + stars: | 2023-05-17 | by ( Julie Bosman | ) www.nytimes.com time to read: +1 min

The country was riveted for three weeks in 2021 during the trial of the former police officer Derek Chauvin, as a jury in Minneapolis considered whether the death of George Floyd was murder. Through it all, Keith Ellison, the attorney general of Minnesota who was directing the prosecution, was a constant yet silent presence in the courtroom. “I wasn’t trying to be a stenographer,” Mr. Ellison, 59, said in an interview this month. “I was thinking, ‘What do I need to remember?’”Those notes informed the prosecution's nightly meetings during the trial. It is a trial diary of sorts, a clear, methodical account of his experience directing the prosecution of Mr. Chauvin, in the rare murder conviction of a police officer for an on-duty death.

☆ Tesla 2023 shareholder meeting: Musk says Tesla will try advertising
▼ + stars: | 2023-05-16 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

In an aerial view, Tesla Corporate Headquarters are seen on January 03, 2023 in Travis County, Texas. Tesla CEO Elon Musk addressed shareholders at the company's annual meeting on Tuesday, predicting the economy would pick up after 12 months and promising the company would deliver production Cybertrucks later this year. Addressing the long delays to the angular electric pickup, Musk lamented some of the manufacturing challenges and said, "Sorry for the delay. During the Q&A session, an attendee dressed like a robot with a cowboy hat, asked Musk if Tesla would build an RV or a camper. Musk said on Tuesday, "We'll try out a little advertising and see how it goes."

☆ A California-based woman bought 3 abandoned houses in a Sicilian village for $3.30, cashing in on Italy's desperation to repopulate its fast-emptying ghost towns
▼ + stars: | 2023-05-15 | by ( Amanda Goh | Cheryl Teh | ) www.businessinsider.com time to read: +4 min

Rubia Daniels flew to the town of Mussomeli in Sicily after hearing about its cheap homes. Many Italian towns have introduced similar schemes in an attempt to repopulate rural Italy. Rubia Daniels standing in front of one of her Mussomeli properties Rubia Daniels. Rubia Daniels. She currently splits her time between San Francisco and Mussomeli and spends at least a month in the Italian village each time.

☆ Chelsea wins historic Women’s FA Cup final with a 1-0 victory over Manchester United
▼ + stars: | 2023-05-14 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Chelsea won its third consecutive Women’s FA Cup in front of a record crowd at Wembley, triumphing 1-0 over Manchester United in the final thanks to a well-taken Sam Kerr goal in the 68th minute. But, ultimately, this was a day for Chelsea and Kerr who held on to win the FA Cup final in front of a record 77,390 fans at a sun-dappled Wembley. “Everyone stuck at it and we got the win.”It was a historic match in so many ways – the first time a women’s FA Cup match had sold out at Wembley, the first time Manchester United had reached the women’s FA Cup final, a world record crowd for a women’s domestic match, and the first time the Video Assistant Referee (VAR) was used in this competition. VAR came into play almost immediately as Leah Galton found the back of the net after just 20 seconds following a sweeping Manchester United attack, but her effort was ruled out for offside. United was appearing in its first major cup final.

☆ Turkey's lira sinks to two-month low in post-election trade
▼ + stars: | 2023-05-14 | by ( ) www.reuters.com time to read: +2 min

LONDON, May 14 (Reuters) - Turkey's lira slipped to a fresh two-month low as financial markets kicked off trading in the wake of the country's Sunday presidential and parliamentary election with the race for presidency appearing headed for a runoff. The currency weakened to 19.70 to the dollar before retracing some of its losses to 19.66, on track for its worst session since early November. "It is hard to foresee a market-positive scenario emerging from today’s double vote in Turkey," Wolfgango Piccoli at Teneo wrote in a note to clients. Analysts expect the lira to face sharp adjustments in the wake of the elections following years of economic imbalances and unorthodox monetary policy. The lira, which is prone to sharp swings before regular trading hours, has weakened 5% since the start of the year.

☆ Turkey's lira slides, credit default swaps spike after election
▼ + stars: | 2023-05-14 | by ( ) www.reuters.com time to read: +2 min

It was on track for its worst trading session since early November. The five-year Turkey credit default swap spread TRGV5YUSAC=MG jumped 105 basis points (bps) from Friday's levels to 597 bps, according to S&P Global Market Intelligence, the highest since November 2022. Analysts expect the lira to slump in the wake of the elections following years of economic imbalances and unorthodox monetary policy. JPMorgan (JPM.N) forecast the lira could soften to levels of 24-25 to the dollar. The lira, which is prone to sharp swings before regular trading hours, has weakened 5% since the start of the year.

☆ Researchers found a surefire predictor of success — and what separates those who find it from those who keep failing
▼ + stars: | 2023-05-12 | by ( Susie Allen | Kellogg Insight | ) www.businessinsider.com time to read: +12 min

Using this insight, the researchers are able to successfully predict an individual's long-term success with just a small amount of information about that person's initial attempts. Indeed, in another recent study, Wang himself found that an early career setback often set up scientists for later success. In all three datasets, an individual's second-to-last attempt did tend have a higher probability of success than their very first effort. Rather, there's a singular learning threshold that separates eventual successes from the rest. "Thomas Edison said, 'people give up because they don't know how close they are to success,'" Wang explains.

Its Very Large Telescope is perched at 8,645 feet atop an explosive-flattened mountaintop, where the atmosphere is relatively stable and incredibly dry. is building a new telescope, the Extremely Large Telescope, which will be used for, among other purposes, hunting for exoplanets that might support life. On my way back to the residencia, I stopped and looked up at the billowing arch of the Milky Way. The Atacama, for all its emptiness, is not a void. The desert, in its dryness, keeps the dead and opens the sky.

☆ Opinion: Clarence Thomas’ inability to fill out forms properly defies belief
▼ + stars: | 2023-05-10 | by ( Opinion Steven Lubet | ) edition.cnn.com time to read: +6 min

CNN —Supreme Court Justice Clarence Thomas has had to explain decades of omissions on his annual financial reports. As a Supreme Court justice, Thomas routinely interprets complex statutes that affect millions of Americans, priding himself on close adherence to the text. It beggars belief that he could repeatedly misinterpret plain statutory requirements and simple instructions on his annual disclosure reports. Supreme Court justices have life tenure. That is why full compliance with financial disclosure laws is so important, and why Thomas’ evasiveness is so wrong.

☆ 10 million Americans watched the coronation. 80% were over 55
▼ + stars: | 2023-05-10 | by ( Anna Cooban | ) edition.cnn.com time to read: +1 min

IMAGE MUST NOT BE USED AFTER 00:01 TUESDAY MAY 9, 2023 WITHOUT PRIOR APPROVAL FROM BUCKINGHAM PALACE. Any questions relating to the use of the photographs should be first referred to Buckingham Palace before publication. The portrait should be used only in the context of Their Majesties' Coronation. In this handout photo dated March 2023 issued by Buckingham Palace of King Charles III taken by Hugo Burnand in the Blue Drawing Room at Buckingham Palace, London. Behind the King is the State Portrait of King George V, painted by Luke Fildes shortly after his coronation.

☆ A millionaire who says flying private is as addictive as cocaine is selling his jet after learning how terrible it is for the environment
▼ + stars: | 2023-05-08 | by ( Hannah Towey | ) www.businessinsider.com time to read: +6 min

Georgia businessman Stephen Prince loves flying his private jet to Nebraska and the Caribbean. But after realizing the environmental impact of flying private, he decided to sell his Cessna 650. The experience is so amazing, he said, that he often compares the addictive nature of private jet travel to that of cocaine. The multi-millionaire's private jet habit first started around six years ago, when he began chartering planes and soon bought a Mitsubishi MU-2 with a friend. The organization co-authored a report outlining the environmental and financial consequences of private jet travel.

☆ At least 16 drown after boat capsizes in India's Kerala
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: 1 min

May 7 (Reuters) - At least 16 people drowned after a boat capsized in the Malappuram district of India's southern state of Kerala, the state's minister for fisheries and harbour development, V. Abdurahiman, said on Sunday. Twelve bodies have been identified, he told reporters at the accident site, adding that the death toll was likely to rise as the boat was stuck in the mud and was being lifted and broken to rescue people trapped inside. "Pained by the loss of lives due to the boat mishap in Malappuram, Kerala," Indian Prime Minister Narendra Modi said in a tweet. loadingReporting by Jyoti Narayan and Jose Devasia; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

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