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☆ 'Barbie' and 'Oppenheimer' could be struggling movie theaters' last chance to make money this summer
▼ + stars: | 2023-07-12 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

They could also be the struggling theater industry's last chance to make money this summer. Struggling movie theaters might see "Barbie" and "Oppenheimer" – which both come out July 21 – as their last chance to make money this summer. Forecasters think "Barbie" will be the highest-grossing film in the US this summer with earnings between $215 million and $319 million, the data shows. Sandwiching the two movies on Box Office Pro's leaderboard is Tom Cruise's latest "Mission Impossible" flick. AMC has lost money for 15 consecutive quarters, while Cineworld – which owns Regal Cinemas – filed for Chapter 11 bankruptcy last year.

Persons: Greta Gerwig's, Christopher Nolan's, Oppenheimer, Tom Cruise's, Meg, Mario, Indiana Jones Organizations: AMC, Alamo, Mario Bros

☆ British workers keep getting pay raises — despite the Bank of England urging them not to ask for more money
▼ + stars: | 2023-07-12 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

Both Bank of England Governor Andrew Bailey and U.K. Finance Minister Jeremy Hunt on Monday told an audience in the City of London that high wage settlements were harming their efforts to contain inflation. Much of the increase in pay has been driven by the private sector, with annual wage growth increasing to 7.6% in the three months to April. However, Bank of England Governor Bailey noted in his Mansion House speech on Monday that the British economy has proven unexpectedly resilient. Last summer saw a slew of strikes and protests as real wages, which reflect the power of a worker's pay after accounting for inflation, declined at a record rate. "No question about it, current nominal wage growth remains far too high relative to the sustainable rate of probably around 3.5-4.0% yoy.

Persons: Mark Kerrison, Andrew Bailey, Jeremy Hunt, Stuart Cole, BoE, Rishi Sunak, Danni Hewson, AJ Bell, Bank of England Governor Bailey, Sanjay Raja, Raja, Equiti's Cole, Bailey, Kallum Pickering, Pickering Organizations: National Education Union, Department for Education, Getty, LONDON, Bank of England, National Statistics, . Finance, City of, Equiti, Monetary, Deutsche Bank, MPC, Treasury, Bank, The, England's Locations: London, United Kingdom, City, City of London, Ukraine

☆ Ellen Hovde, ‘Grey Gardens’ Documentarian, Dies at 97
▼ + stars: | 2023-07-11 | by ( Neil Genzlinger | More About Neil Genzlinger | ) www.nytimes.com time to read: +1 min

Ellen Hovde, a documentarian who was one of the directors of “Grey Gardens,” the groundbreaking 1975 movie that examined the lives of two reclusive women living in a deteriorating mansion on Long Island and inspired both a Broadway musical and an HBO film, died on Feb. 16 at her home in Brooklyn. She was 97. Her death, which had not been widely reported, was confirmed last week by her children, Tessa Huxley and Mark Trevenen Huxley, who said the cause was Alzheimer’s disease. In 1969 she was a contributing editor on “Salesman,” a documentary by the Maysleses and Charlotte Zwerin that followed four salesmen as they peddled $49.95 Bibles door to door in New England and Florida. The next year she was an editor on “Gimme Shelter,” the documentary by the Maysleses and Ms. Zwerin that captured a Rolling Stones tour, including the concert at Altamont Speedway in Northern California in late 1969 at which a concertgoer was killed by a Hells Angel.

Persons: Ellen Hovde, “, Tessa Huxley, Mark Trevenen Huxley, Hovde, Albert, David, ”, Charlotte Zwerin, Zwerin Organizations: HBO, Altamont Speedway Locations: “ Grey, Long, Brooklyn, New England, Florida, Northern California

[1/2] British Chancellor of the Exchequer Jeremy Hunt holds a Ministerial Statement at the House of Commons in London, Britain, June 26, 2023. The government rocked pension savers last September with a fiscal statement that drove government bond yields higher and forced pension schemes to scramble for cash, triggering a parliamentary inquiry into their investments. The government is under pressure to revitalise domestic investor interest in several industries considered key to Britain's growth, including fintech, biotech, life science and clean technology. Encouraging greater investment in growth assets will help younger savers but the reforms offer little hope to those retiring in the near term. Inflation continues to ravage Britain's economy, with rates running higher than in any other major rich country.

Persons: Jeremy Hunt, Jessica Taylor, Handout, Richard Gnodde, Becky O’Connor, Jon Hatchett, Hymans Robertson, Andrew Bailey, Hunt, Anna Anthony, Sinead Cruise, Carolyn Cohn, Nick Macfie Organizations: REUTERS, Aviva, Goldman Sachs, Public Affairs, Bank of England, Financial, Thomson Locations: London, Britain, City, PensionBee, Britain's

☆ Pension funds reform: Britain is banking on this $3 trillion cash cow to revive its economy
▼ + stars: | 2023-07-11 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

London CNN —The UK economy badly needs a boost — and the government hopes the nation’s vast pension savings might deliver one. All UK workplace pension plans offer default funds, which savers who don’t choose their own investment strategy are automatically enrolled into. Measures to tap pension fund cash come at a crucial time for an economy suffering from stubbornly high inflation, depressed investment and feeble growth. UK pension funds’ exposure to domestic stock markets has fallen even more sharply: from 53% in 1997 to 6% in 2021. The combination of measures is likely to have “far-reaching” effects on the types of assets pension funds invest in, easing companies’ access to the capital they need to grow, he added.

Persons: Jeremy Hunt, Mercer, ” Hunt, Hunt, “, ”, Nicholas Lyons, Julia Hoggett, Nigel Peaple Organizations: London CNN, Aviva, London, European, London Stock Exchange, Nasdaq, EU, chipmaker ARM, House, of London Corporation, City of, Financial, New Financial, Pension, Lifetime Savings Association Locations: London, Britain, Frankfurt, Paris, New York, United States, United Kingdom, Edinburgh, City of London

☆ Opinion: Welcome to the ‘looking-glass’ world of Putin’s Russia
▼ + stars: | 2023-07-10 | by ( Opinion Daniel Treisman | ) edition.cnn.com time to read: +8 min

Welcome to the weird, through-the-looking-glass world of Vladimir Putin’s Russia, where everything is its opposite and almost nothing is what it seems. That may hold as well for the still-murky fate of last month’s mutineer, Yevgeny Prigozhin, head of the Wagner group. Daniel TreismanWorse yet for the Kremlin, Prigozhin’s claim — coming from a diehard nationalist — will seem quite believable to many Russians. In this looking-glass world, the president has no time for politics. After the war started, Navalny offered a 15-point program for ending it and rebuilding a democratic Russia.

Persons: Daniel Treisman, “, ”, Vladimir Putin’s, mutineer, Yevgeny Prigozhin, Wagner, Alexander Lukashenko, Dmitry Peskov, Peskov, Prigozhin, Putin, Alexey Navalny, Alexander Zemlianichenko, Orwell, Vladimir Kara, Murza, Emmanuel Macron, Navalny, Angela Merkel Organizations: University of California, CNN, Russian Federal Penitentiary Service, Russian, Putin, Kremlin, Twitter, Facebook Locations: Los Angeles, Moscow, Belarus, Vladimir Putin’s Russia, Belarusian, Minsk, St . Petersburg, Kremlin, Russian, Melekhovo, Vladimir, Russia, Kara, Rostov, Sochi, Ukraine, Dagestan, Crimea, “

☆ Explainer: Boosting the City: Part Two of UK's post-Brexit finance reforms
▼ + stars: | 2023-07-10 | by ( Huw Jones | ) www.reuters.com time to read: +4 min

Companies on the London Stock Exchange's AIM and Aquis Exchange's growth market would also be eligible. Many savers in direct contribution pension funds are years away from retirement, making it easier to make changes now without risking their pensions. The proposed Intermittent Trading Venue would be launched by the London Stock Exchange in 2024. Britain will make trading shares more efficient by ending the use of paper trails for official transaction records. The government will hold public consultations on some of the proposed pension reforms while regulators already have powers to implement other changes, such as the rules on research.

Persons: Jeremy Hunt, AFME, Huw Jones, Mark Heinrich Our Organizations: London, European, Companies, London Stock, AIM, ARM, London Stock Exchange, Labour Party, Labour, Thomson Locations: European Union, Britain, New York, Australia, Canada

☆ UK's Hunt says government and BoE will tame inflation
▼ + stars: | 2023-07-10 | by ( David Milliken | ) www.reuters.com time to read: +2 min

British inflation hit a 41-year high of 11.1% in October and has been slower to fall than in other big economies. Last month the BoE unexpectedly raised its key interest rate by half a percentage point to 5%, after inflation held at 8.7% in May. Prime Minister Rishi Sunak promised in January to halve inflation this year, a goal which now looks challenging. The finance minister added that businesses should show restraint on profit margins, saying "margin recovery benefits no one if it feeds inflation". Reducing inflation "means taking responsible decisions on public finances, including public sector pay, because more borrowing is itself inflationary", Hunt said, sticking close to previous statements.

Persons: Jeremy Hunt, Hunt, BoE Governor Andrew Bailey, BoE, Bailey, Rishi Sunak, David Milliken, Christina Fincher Organizations: Bank of England, Governor, Conservative Party, Thomson

☆ Britain to unleash $64 billion in pension funding for tech startups after missing out on Arm IPO
▼ + stars: | 2023-07-10 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Among the measures introduced by the government was an agreement among the country's largest defined contribution pension providers to allocate 5% of assets in their default funds to unlisted equities by 2030. This could unlock up to £50 billion (roughly $64 billion) of investment in high-growth firms if all other defined contribution pension schemes follow suit, Hunt said. Meanwhile, average earners' pension pots could rise up to 12% to as much as £16,000 with defined contribution pension schemes committing to more effective investments, he added. Hunt also committed to an "intermittent trading venue" that makes it possible for public market investors to trade shares of unlisted firms. This would act as a halfway house for privately-traded firms looking for alternative ways of raising capital to public listings.

Persons: Jeremy Hunt, Hunt Organizations: Britain, Finance, CNBC, Treasury Department Locations: Europe, Silicon

☆ Trump publicly lashes out at Iowa Gov. Kim Reynolds after report that she's closer to DeSantis: 'I don’t invite her to events'
▼ + stars: | 2023-07-10 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Trump lashed out at Iowa Gov. Kim Reynolds on Monday. His comments come after The New York Times reported on Reynolds' closeness to Ron DeSantis. Kim Reynolds after a report hinted that the Republican governor was closer to Florida Gov. Trump's comments come after a New York Times report that detailed how Reynolds is increasingly in the middle of the fighting between Trump and DeSantis.

Persons: Trump, Kim Reynolds, Reynolds, Ron DeSantis, Donald Trump, China Terry Branstad, Branstad, Casey DeSantis, Iowa's Organizations: Iowa Gov, New York Times, Service, Monday, Republican, Florida Gov, Trump, The Times, Times Locations: Wall, Silicon, Florida, China, Beijing, Iowa

☆ Morning Bid: China disinflation a mix of good and bad
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +3 min

On the face of it, this implies there is plenty of scope to ease monetary and fiscal policy further. Yet it also underlines the scale of the challenge that Beijing faces in avoiding an outright deflationary spiral. Globally, a deflationary pulse from China could over time help to offset service-driven inflation in developed nations. Disinflation in goods is a major reason analysts expect coming U.S. CPI data to show a slowdown in June. One side effect of the surge in bond yields has been a shake-out of carry trades in the forex market.

Persons: Wayne Cole, Andrew Bailey, Jeremy Hunt, Mary Daly, Loretta Mester, Raphael Bostic, Edmund Klamann Organizations: CPI, Headline, Treasury, Bank of Japan, Bank of England, San, Cleveland, Atlanta, Thomson Locations: Wayne, Beijing, China

☆ Return to Office, Recession Fears End Wall Street's Hamptons Work-From-Home Party
▼ + stars: | 2023-07-09 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

It may seem counterintuitive, but the pandemic was like a brief visit to Shangri-La for Wall Street. For the first time in years, Wall Street has to sing for its supper. A return to the office also means a return to more-classic Wall Street social norms. Wall Street, for all its highfalutin personalities and big paydays, is an apprenticeship system. For Wall Street, the heart of the pandemic was a moment to consider what life would be like at a slower, more-nurturing pace.

Persons: You've, Crypto, Dealmaking, Goldman Sachs, me, Seth Klarman, Klarman, Lee Felty, Harrison, Felty, Jim Chanos, Chanos, Jamie Dimon, David Solomon wouldn't, Fenty, Goldman, Solomon, Wall, Young, It's, Al Mare, Topping Rose, Jean, Georges, Maison, Wall Streeter, Linette Lopez Organizations: Wall, JPMorgan, Hamptons, CNBC, Compass, Chanos, East Hampton, Citigroup, Bloomberg, SoHo Locations: New York, East, Manhattan, Long, Stocks, Bridgehampton, It's

☆ A California mansion designed to look like the White House just went up for sale for $39 million – take a look inside
▼ + stars: | 2023-07-08 | by ( Alexandria Perry | ) www.businessinsider.com time to read: +1 min

The "Western White House" is a nod to the official White House, featuring an Oval Office replica. Rebuilt in 1930, it was designed by architect Julia Morgan who designed the historic Hearst Castle. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. From the Oval Office to the East Room, the aptly named "Western White House," recreates presidential themes that are similar to the real thing. Here's a look at the "Western White House".

Persons: Julia Morgan, George R, Hearst, William Randolph Hearst, Morgan, Mehrdad Elie, Neda Elie Organizations: White, Service, Wall Street Locations: California, Hearst, Wall, Silicon, Lower Hillsborough, Washington ,

☆ UK's Hunt to detail plans to steer pensions into growth investment
▼ + stars: | 2023-07-08 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 9 (Reuters) - British finance minister Jeremy Hunt will spell out on Monday long-awaited plans to encourage pension funds and other asset managers to invest in high-growth sectors, the Treasury said on Sunday. But the pensions industry has said it opposes mandatory investment quotas. Financial services lobby group TheCityUK said government policy should aim for pension funds to invest in growth and in turn deliver higher returns. "On average, Australian and Canadian pension funds currently provide better performance. Hunt was also expected to reiterate that bringing down high inflation remained his priority, saying there could be "no sustainable growth without first eliminating the inflation that deters investment and erodes consumer confidence".

Persons: Jeremy Hunt, Hunt, TheCityUK, Muvija, William Schomberg, Helen Popper Our Organizations: Treasury, Reuters, Financial Times, Thomson Locations: British, London's

☆ Two Weeks After Wagner Revolt, Prigozhin Remains Crucial to Putin
▼ + stars: | 2023-07-07 | by ( Thomas Grove | ) www.wsj.com time to read: 1 min

Russian state media showed footage of a raid said to have been carried out on the mansion and offices of Yevgeny Prigozhin, owner of the Wagner paramilitary group. The images appeared as the Belarusian President said Prigozhin is back in Russia. Photo: Handout/AFP/Getty ImagesTwo weeks ago, Vladimir Putin appeared to have weathered the biggest-ever challenge to the Russian leader’s rule. Yevgeny Prigozhin , the founder of the Wagner mercenary group, agreed to relocate to Belarus after calling off a march on Moscow to remove Russia’s military leaders. Wagner Group, the cornerstone of Prigozhin’s power, would no longer be a separate fighting force.

Persons: Yevgeny Prigozhin, Wagner, Prigozhin, Vladimir Putin Organizations: Getty, Wagner Group Locations: Belarusian, Russia, AFP, Belarus, Moscow

LONDON, July 7 (Reuters) - As Thames Water's financial troubles raise questions about such investments, Britain will next week try to persuade pension schemes to plough billions of pounds into infrastructure and start-ups in its next leg of post-Brexit reforms. British Finance Minister Jeremy Hunt will on Monday set out the government's latest thinking on getting cash locked up in pension pots to work in the economy. The Conservative government's long-trailed policy focuses on persuading pension schemes to invest a portion of their money in infrastructure, start-ups and 'green' technology. But the problems at Thames Water, which is battling for survival under 14 billion pounds ($18 billion) of debt, would leave some pension schemes that had made large investments in it embarrassed, said independent pensions consultant John Ralfe. The finance ministry had no immediate comment on Hunt's speech, but the pensions industry has already said it opposes mandatory investment quotas.

Persons: Jeremy Hunt, Hunt, John Ralfe, Ralfe, Nobody, Huw Jones, Alexander Smith Organizations: Thames, British, Conservative, Amsterdam, London, EU, Thomson Locations: Britain, London's, New York, London

☆ UK set to ease stock market listing rules
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +2 min

Hunt will also seek to roll back a European Union-era securities law, Treasury said. UK is set to approve recommendations in Rachel Kent's Independent Research Report, paving the way for a new "Research Platform" to provide a one-stop-shop for firms looking for research experts, the statement added. UK had last year announced the launch of the Investment Research Review - an independent review of financial services investment research and its contribution to UK capital markets competitiveness, headed by Kent. The approval also sets the way for potentially removing unbundling rules – an inherited EU law that requires brokers to charge a separate fee for research. "We will not countenance tax cuts if they make the battle against inflation harder," the newspaper quoted Hunt as saying.

Persons: Jeremy Hunt, UK's, Hunt, Rachel, Hogan Lovells, Rishi Sunak's, Nilutpal, Chris Reese, David Gregorio, Shri Organizations: Finance, UK's Treasury, Treasury, Investment Research, Financial Times, Aviva Plc, Phoenix Group Holdings, City of London Corporation, FT, Thomson Locations: Union, Kent, Bengaluru

☆ Analysis: Prigozhin's fate remains unclear and it signals more trouble in Russia
▼ + stars: | 2023-07-07 | by ( Jill Dougherty | ) edition.cnn.com time to read: +4 min

CNN —The bizarre tale of Yevgeny Prigozhin, Russian President Vladimir Putin’s former pal-turned-mutineer, just got a whole lot weirder. His men had three choices: follow Prigozhin to Belarus, join the regular Russian military, or stop fighting and go home. He was a tough guy strutting about in camouflage, whose fighters could win battles in Ukraine that the regular Russian military couldn’t handle. Prigozhin’s ultimate fate is still unclear, but he is only one of Putin’s problems. And that portends more repression, more “settling scores,” and more fighting behind the scenes in Putin’s Russia.

Persons: Yevgeny Prigozhin, Vladimir Putin’s, Wagner, –, ”, Alexander Lukashenko, Lukashenko, Prigozhin, Putin, Vlad Karkov, “ Organizations: CNN, Putin’s, ” Locations: Russian, Belarusian, Russia, Belarus, St . Petersburg, Moscow, Prigozhin’s St, Petersburg, Ukraine, Rostov, Vesti

☆ In Hong Kong, homes for the dead can be more expensive than for the living
▼ + stars: | 2023-07-07 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +8 min

Shan Sum, a private columbarium tower in the Kwai Chung district of Hong Kong on June 2. The wavy exterior of Shan Sum, a private columbarium tower in the Kwai Chung district of Hong Kong on June 2. Architect Ulrich Kirchhoff at Shan Sum, a private columbarium tower in the Kwai Chung district of Hong Kong on June 2. The entrance of Shan Sum, a private columbarium tower in the Kwai Chung district of Hong Kong on June 2. Niche compartments to store urns at Shan Sum, a private columbarium tower in the Kwai Chung district of Hong Kong on June 2.

Persons: Noemi Cassanelli, Shan, Kwai Chung, Shan Sum’s, Ulrich Kirchhoff, Feng Shui, Margaret Zee, Zee, “, it’s, ” Zee, “ It’s, they’ve, Hong Kong’s, Hong Kongers, Cassanelli, Shun Sum, Pan Tong, Zee’s, Guanyin, I’m, ” Tong Organizations: Hong Kong CNN, HK, CNN, Hong Kong’s Consumer Council, Hong, Food, Environmental Hygiene Department Locations: Hong Kong, German, Kwai Chung, Kwai, Fanling, New York City, Hong, Shan

☆ Russian Media Show Apparent Raid on Wagner Owner’s Mansion and Offices
▼ + stars: | 2023-07-06 | by ( ) www.wsj.com time to read: 1 min

Cocaine Found at the White House, Secret Service SaysThe Secret Service said Wednesday that lab tests showed a substance found in a work area of the West Wing over the weekend was cocaine. An investigation into how it entered the White House is under way, the agency said. Photo: Julia Nikhinson/Reuters

Persons: Julia Nikhinson Organizations: White, Secret, Service, West Wing, Reuters

☆ What Men Should Know Before Coloring Their Hair
▼ + stars: | 2023-07-06 | by ( Frank Rojas | ) www.nytimes.com time to read: +1 min

A change in hair color can be emblematic of a shift in someone’s personal life, a fresh start or an attempt to hit pause on the aging process. For many men, it can feel like a chance to strut out a new look, or to signify that they are back on the market. One of the major takeaways for readers who remembered his grayer days in Gracie Mansion, however, was Mr. de Blasio’s considerably darker hair. “I never anticipated ever doing anything with hair color,” he said in the interview. “But I like feeling what I feel.”We spoke with hairstylists and colorists about what men should know before trying to banish the gray.

Persons: Bill de Blasio, Chirlane McCray, de, ”, hairstylists Organizations: New, New York City, Gracie Mansion Locations: New York, Gracie

☆ 8 Disney classics are coming back to movie theaters: Here's when you can watch 'Toy Story' 'Pirates' and more
▼ + stars: | 2023-07-05 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

In celebration of the House of Mouse's 100th anniversary, Disney is re-releasing eight classic films back into theaters, some of which haven't seen the big screen in decades. The lone live action film on the slate is 2003's "Pirates of the Caribbean: The Curse of the Black Pearl." "Pirates," based on the popular Disney World ride, will lead into the release of another film based on one of Disney's theme park attractions, "Haunted Mansion." "And certainly, it doesn't hurt to have a lot of Disney branded content out there ahead of the release of their other films." These are all the films that Disney is re-releasing.

Persons: haven't, Paul Dergarabedian Organizations: Disney, Pixar, Pirates, AMC, CNBC Locations: Caribbean

The Secret Service is investigating the matter, the White House said. White House spokesperson Karine Jean-Pierre told reporters: "Where this was discovered is a heavily traveled area where many ... West Wing visitors come through." The West Wing is attached to the executive mansion where President Joe Biden and first lady Jill Biden live. Jean-Pierre said West Wing tours took place on Friday, Saturday and Sunday. The discovery led to a brief closure of the White House complex on Sunday.

Persons: Karine Jean, Pierre, Jean, Joe Biden, Jill Biden, Biden, it's, Jeff Mason, Steve Holland, Heather Timmons, David Gregorio, Howard Goller Organizations: West Wing, U.S, Washington , D.C, Office, West, White, Administration, Wing, East Wing, Thomson Locations: Washington ,, Camp David , Maryland

☆ Firefighters say cocaine was found in the White House, according to a report
▼ + stars: | 2023-07-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

A white powder was found inside the White House late Sunday, which led to a temporary closure. Firefighters identified the material as "cocaine hydrochloride," the Washington Post reported. The Secret Service told Reuters an "unknown" item was indeed found there. The material was found in the West Wing, the spokesperson added, which is a part of the White House connected to the executive mansion, where the president lives. According to the Washington Post, a Washington DC firefighter on the hazardous materials team said the test results for the substance showed "a yellow bar saying cocaine hydrochloride."

Persons: —, Joe Biden, David, Narendra Modi, Jane Fraser, M, Ralph Lauren, Rupert Murdoch's Organizations: House, Firefighters, Washington Post, Service, Reuters, The Washington Post, Secret Service Uniformed Division, Secret Service, Wing, Washington DC, Apple, Google, White, Indian, Citigroup

WASHINGTON, July 4 (Reuters) - A white powder found inside the White House late on Sunday was identified by Washington's fire department and emergency services as cocaine, a source familiar with the matter said on Tuesday. The source said the powder was found in the West Wing, but gave no further details. The West Wing is attached to the executive mansion where President Joe Biden lives. A second source familiar with the matter said the substance was found during a routine Secret Service sweep of the area. Biden was not in the White House on Sunday.

Persons: Joe Biden, Biden, David, Kanishka Singh, Jeff Mason, Heather Timmons, Alistair Bell, David Gregorio Our Organizations: Sunday, West Wing, Secret Service Uniformed Division, DC Fire Department, Secret Service, White, Washington Post, Thomson Locations: Washington

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