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☆ A top Brevan Howard exec responsible for luring investment talent is leaving the $35 billion macro fund
▼ + stars: | 2023-09-06 | by ( Alex Morrell | ) www.businessinsider.com time to read: +2 min

A top exec at Brevan Howard is departing the $35 billion macro fund. The senior exec in charge of luring top investment talent to $35 billion Brevan Howard is leaving. He was also the global head of business development at Izzy Englander's Millennium Management for five years. The $35 billion hedge fund, founded by macro trading billionaire Alan Howard, has struggled with performance this year. Do you have more information about Brevan Howard or other hedge fund performance or talent moves?

Persons: Brevan Howard, Peter Hornick, Brevan, Howard, Izzy Englander's, Hornick, Alan Howard, Alex Morrell Organizations: Brevan, Management, Alpha, Credit Suisse Locations: ExodusPoint

☆ Disney's dispute with Charter is a lose-lose, underscoring just how broken legacy TV has become
▼ + stars: | 2023-09-06 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

The almost weeklong stalemate between Disney and Charter lays bare the broken business model around distributing legacy television in the age of cord-cutting. In the talks, Charter agreed to shell out more than the $2.2 billion annually it paid Disney under the old carriage deal. DIS 1M mountain Walt Disney stock performance month-to-date. Linear TV is an issue for Disney. However, we would like to see a quick end to the Charter dispute and to see Iger resolve Disney's challenging position in the traditional linear TV market.

Persons: Walt Disney, Bob Iger, Jim Cramer, Iger, Disney, Jim Cramer's, Jim Organizations: Hollywood, Charter Communications, Disney, Charter, ESPN, ABC, Spectrum's, U.S, Hulu, Walt Disney, Warner Bros Discovery, JPMorgan, The, CNBC, SportsCenter, ESPN Headquarters, Washington Post, The Washington Post, Getty

☆ Christine Sinclair: the making of soccer’s most lethal striker
▼ + stars: | 2023-07-29 | by ( Ben Morse | ) edition.cnn.com time to read: +7 min

And the 40-year-old has a chance to add further records to her name as she leads Canada at the 2023 Women’s World Cup in Australia and New Zealand. From becoming Canada’s young-ever player when she made her debut aged 16 to arguably soccer’s greatest ever goal scorer, Sinclair has led quite the life. With this likely her last World Cup, she has one final opportunity to add ‘world champion’ to her long list of achievements. Sinclair dribbles against Sweden's Karolina Westberg during the semifinals of the 2003 Women's World Cup. The Canadians finished fourth at the 2003 World Cup – Sinclair scoring three goals along the way – as well as back-to-back bronze medals at the 2012 and 2016 Olympics Games.

Persons: Diana Matheson, Matheson, Christine Sinclair, ” Matheson –, Canada –, Abby Wambach, Mia Hamm, Cristiano Ronaldo, Marta, Ronaldo, Sinclair, ’, Naomi Baker, ’ Matheson, ‘, Sinc, ”, – Sinclair, Sweden's Karolina Westberg, Ben Radford, isn’t, Kenneth Heiner, Møller, ” Heiner, Møller –, –, “, ” Sinclair, Scott Heavey, Heiner, Christine, Atsushi Tomura, ” Møller, they’re Organizations: CNN, St, Canadian, Canada Soccer, soccer, Getty, University of Portland, Portland Pilots, Canadian women’s, FIFA, Canadians, Brazil, Australia Locations: Edinburg , Texas, Kitts, Nevis, Canada, Sinclair’s, Australia, New Zealand, Tokyo, Sinc, Portland –, Nigeria, Sweden

☆ Victims of Cyberattack on File-Transfer Tool Pile Up
▼ + stars: | 2023-07-19 | by ( Catherine Stupp | ) www.wsj.com time to read: +6 min

The list of companies hit by a cyberattack on a widely used software tool continues to expand and several victims have filed lawsuits alleging mishandling of data. The continued disclosure of new victims affected by hackers exploiting a vulnerability in MoveIt, a common file-transfer tool from Progress Software, underscores how cyberattacks can ripple through supply chains. Some companies have been drawn into data breaches without having used MoveIt because their business partners use it. The Cl0p ransomware group has taken responsibility for the cyberattacks and posted data from some victims on its underground website. A 2021 cyberattack on a tool similar to MoveIt—Accellion’s File Transfer Appliance—had similar ripple effects.

Persons: ”, Brett Callow, cyberattacks, Callow, Genworth, PBI, “, Shell, Rob Carr, Suzie Squier, Johns, Johns Hopkins, Emsisoft’s Callow, Catherine Stupp Organizations: Progress Software, . Progress, Progress, Shell, BBC, Energy Department, Genworth Financial, Social, PBI Research Services, U.S . Department of Health, Human Services, Colorado State University, BG Group, Johns Hopkins University, Getty Locations: British, MoveIt, Kaseya, Johns Hopkins

Now, the man who had been tasked with reviving a nuclear deal to constrain that program has been sidelined. Progress on nuclear talks, as well as the fate of detained Americans in Iran, is likely to boost the incumbents in the polls, analysts have said. Malley was one of the architects of the 2015 nuclear deal reached with Iran under the Obama administration. The administration began negotiations to re-enter an Iran nuclear agreement later that year. “US policy is informed by the administration’s national security calculations, and not any one person in the national security apparatus,” Vaez said.

Persons: Biden, Rob Malley, Malley, Abram Paley, Paley, Jake Sullivan, sidelining, Obama, Donald Trump, Obama’s, Israel, Malley’s sidelining, Nasser Kanani, Javed Gurban Oghli, Israel ”, Gabriel Noronha, Trump, “, ” Noronha, ”, Ali Vaez, Vaez, ” Vaez, Foad Izadi, Ebrahim Raisi, Brett McGurk, McGurk, ” McGurk Organizations: CNN — United, CNN, State Department, Representative, US National, Crisis Group, ICG, Islamic, Iranian Foreign Ministry, Iranian, Jewish Institute for National Security of, Iran, US State Department, “, University of Tehran’s Faculty of World Studies, US National Security Council, Middle, National Security Council Locations: Iran, Tehran, Republic, Russia, Ukraine, Israel, Islamic Republic, Iranian, Middle East, Oman, Syria

☆ Retired US general breaks down why it's so hard for Ukraine to make a counteroffensive push through Russia's defenses. It's '20 kilometers of hell.'
▼ + stars: | 2023-07-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

As one retired US general put it, Kyiv's forces needs to break through "20 kilometers of hell," which is no easy task, especially with the tools at hand. Russia's troops have built layers of sophisticated and vicious defenses designed to inflict as much pain on Ukraine's advancing military as possible. As Ukrainian forces prepared for their offensive, Russian forces spent those months readying elaborate defenses behind a sprawling front line that stretches for hundreds of miles across eastern and southern Ukraine. "This is 20 kilometers of hell," Kimmitt said, referring to the layers of defenses. "So, the story of this counteroffensive is far from written, and we will continue to support Ukraine along the way."

Persons: Mark Kimmitt, Kimmitt, they're, Mark Milley, Jake Sullivan, Biden Organizations: Service, US, NATO, US Army, Coalition Forces, Maxar Technologies, Street, Joint Chiefs, Staff, National Locations: Russia, US, Wall, Silicon, Ukraine, Iraq, Yevpatoria, Crimea

☆ Wes Anderson’s Secret Weapon: The Camera Moves of Sanjay Sami
▼ + stars: | 2023-06-21 | by ( Melena Ryzik | ) www.nytimes.com time to read: +3 min

And what I thought is this character is going to come out and not just set the stage for this convention they’re doing, but more to set the stage for the decade. Then, Jeffrey comes to us, and then Jeffrey goes over here, and we go over there. And Jeffrey goes over here, and we go here. And Jeffrey goes over here, we move around side to side. So you can slide forward and back and side to side, but it’s an extremely complex rig invented by our key grip Sanjay Sami.

Persons: Wes Anderson, I’m, Jeffrey Wright, I’ve, ”, we’ve, Jeffrey, you’re, Sanjay Sami, “, Dinah Campbell, It’s, they’ve Organizations: ‘, “ Locations: ‘ Asteroid

Separately, state agencies said late Thursday that millions of people in Louisiana and Oregon had their data compromised in a security breach. The cyberattack has targeted federal and state agencies. No other federal agencies have confirmed being impacted. And on Thursday, state agencies said 3.5 million Oregonians with driver’s licenses or state ID cards had been impacted by a breach as well as anyone with that documentation in Louisiana. But much of the responsibility now lies on businesses and federal agencies rather than individuals, according to Cattanach.

Persons: “, ” Robert Cattanach, Dorsey, you’re, ”, Clop, Brett Callow, Emsisoft, ” Callow, Aon, they’ve, ” CISA, Allan Liska Organizations: CNN, Infrastructure Security Agency, Whitney, Department of Justice, The Department of Energy, BBC, British Airways, Boston Globe, Sydney Phoenix, US Department of Homeland, Johns Hopkins University, University of Georgia, –, Progress Software Locations: Russian, Louisiana, Oregon, Minnesota, Illinois, Arlington , VA, Baltimore, Georgia’s

☆ US government agencies hit in global hacking spree
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

June 15 (Reuters) - The U.S. government has been hit in a global hacking campaign that exploited a vulnerability in widely used software but does not expect it to have significant impact, the nation's cyber watchdog agency said on Thursday. CISA did not identify the agencies that were hit or say exactly how they had been affected. The FBI and National Security Agency also did not immediately respond to emails seeking details on the breaches. MOVEit, made by Progress Software Corp (PRGS.O), is typically used by organizations to transfer files between their partners or customers. Neither Cl0p nor Progress immediately responded to requests for comment.

Persons: Eric Goldstein, cybersecurity, CISA, Jen, MOVEit, John Hammond, Huntress, Raphael Satter, Kanishka Singh, Zeba Siddiqui, Tanna, Chandi Shah, Jonathan Oatis, Angus MacSwan, Bill Berkrot Organizations: U.S, Cybersecurity, Infrastructure Security Agency, CNN, FBI, National Security Agency, MSNBC, Progress Software Corp, Progress, CITY, Thomson Locations: U.S, United States

At least 78 people died when the fishing vessel flipped and capsized in international waters south-west of Greece early on Wednesday. A migrant charity says a person they were in contact with on the boat said it was in distress, but Greek authorities say it repeatedly refused offers of help. Passengers paid $4,500 for passage to Italy, the two Greek sources said. Aerial photos of the vessel taken by the Greek coastguard hours before the tragedy unfolded showed a vessel crammed with people on its exposed decks. When the boat reported engine failure and stalled, a coastguard vessel shadowing them came closer.

Persons: Stelios Misinas, Nikos Alexiou, Adriana Tidona, Tidona, Karolina Tagaris, Michele Kambas, Alex Richardson Organizations: Hellenic Coast Guard, REUTERS, Greek coastguard, . Authorities, Greece's coastguard, EU, Amnesty International, coastguard, Thomson Locations: Greece, Kalamata, Stelios Misinas KALAMATA, LIBYA, Tobruk, Libya, Italy

☆ Opinion: Uganda anti-LGBTQ law is outrageous. Here’s the smart way to fight it
▼ + stars: | 2023-06-15 | by ( Opinion Brett Bruen | ) edition.cnn.com time to read: +9 min

But perhaps most importantly in this context, it actually serves to further erode LGBTQ rights around the world. Putin has used attacks on LGBTQ rights as a way to try to appeal to African leaders, suggesting Russia is more aligned with their conservative values. Slapping stiff sanctions on Kampala will reinforce this rhetoric and allow the anti-LGBTQ attacks he’s using to gain greater strength. Instead, we should look at how to prominently elevate and sustain the focus on LGBTQ rights in our relations with Uganda as well as with these other nations. We should invite more Ugandan musicians, artists and actors to collaborate with leading American LGBTQ cultural figures.

Persons: Brett Bruen, Obama, Yoweri Museveni, doles, Brett Bruen CASME, Biden, George Santos, ” Santos, Ugandans, Vladimir Putin, Xi Jinping, Putin, Sen, Ted Cruz, Saddam Hussein Organizations: Inc, Georgetown University, Obama White House, CNN, State Department, United Arab, Ugandans, Twitter, Facebook Locations: American, Ivory Coast, Venezuela, Iraq, Madagascar, Uganda, United States, Kampala, East, Russia, Zimbabwe, Africa, China, Washington, Moscow, Beijing, Russian, Saudi Arabia, United Arab Emirates, Brunei, Eritrea

☆ Ukraine Claims More Small Advances in Counteroffensive, but No Breakthroughs
▼ + stars: | 2023-06-12 | by ( Andrew E. Kramer | ) www.nytimes.com time to read: +1 min

Ukraine claimed small advances on Monday in its counteroffensive in the southeast of the country, hunting for a place to drive a wedge through Russian defenses, a key to its hopes for recapturing wide swaths of territory lost to the Russian invasion last year. After a week of fierce combat with infantry, artillery and tanks, across a mostly agricultural landscape, Ukrainian forces, newly armed and trained by Western allies, have retaken seven small villages and settlements, Hannah Malyar, a deputy defense minister, wrote on the messaging platform Telegram, including one that the military said it had captured on Monday. The deepest advance was about 4 miles, and “the area of territory taken under control is 90 square kilometers,” about 35 square miles, she wrote. The significance of those gains remains to be seen, and military analysts have said it will take weeks or months, not days, to gauge the success of the offensive Ukraine began last week across a broad stretch of the front lines in the Donetsk and Zaporizhzhia regions. Progress is measured in yards, or at most a mile or so, the Ukrainian gains have involved tiny farming villages, and there has been no sign so far of a significant break in the Russian occupiers’ dense network of defenses.

Persons: Hannah Malyar Locations: Ukraine, Western, Donetsk, Zaporizhzhia

☆ Ukraine Claims to Retake Another Village in Its Counteroffensive: Live War Updates
▼ + stars: | 2023-06-12 | by ( Andrew E. Kramer | ) www.nytimes.com time to read: +3 min

The military said it had reclaimed the village of Storozhove early Monday, suggesting it had crossed the Mokri Yaly River from its positions in the village of Blahodatne. The combat with tanks, armored vehicles, howitzers, drones and infantry is happening on farmland near the small river that loops around the villages now changing hands in the fighting. Ukraine did not dispute those claims of losses last week, even as it gave signals that the long-awaited push was underway. It also appeared that flooding after the destruction of the Kakhovka dam on the Dnipro River in southern Ukraine had done little to slow Ukraine’s advance. The Ukrainian military said on Monday that Russia had also blown up a dam on the Mokri Yaly River to thwart Ukrainian crossings.

Persons: Tyler Hicks Organizations: 28th Mechanized Brigade, ., The New York Times, Ukrainian Volunteer Forces, Engineers Locations: Bakhmut, Ukraine, Storozhove, Blahodatne, Russia, United States, Dnipro, Zaporizhzhia

☆ Clop: Russian-speaking cyber gang claims credit for hack of BBC and British Airways employee data
▼ + stars: | 2023-06-07 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +3 min

CNN —A group of Russian-speaking cyber criminals has claimed credit for a sweeping hack that has compromised employee data at the BBC and British Airways and left US and UK cybersecurity officials scrambling to respond. The compromise of employee data at the BBC and British Airways came via a breach of a human resources firm, Zellis, that both organizations use. Numerous US state government agencies use the MOVEit software, but it’s unclear how many agencies, if any, have been compromised. The US Cybersecurity and Infrastructure Security Agency has ordered all federal civilian agencies to update the MOVEit software in light of the hack. Progress, the US firm that owns the MoveIT software, has also urged victims to update their software packages and has issued security advice.

Persons: ” They’ve, —, CISA, Eric Goldstein, Charles Carmakal, ”, Allan Liska Organizations: CNN, BBC, British Airways, Infrastructure Security Agency, Federal Bureau of Investigation, Progress Software, FBI, Mandiant Consulting, Google, LinkedIn Locations: Canada

It was one the president deployed once again behind closed doors at the White House. With Memorial Day on the horizon, senior White House officials said protecting veterans’ benefits was a top priority. They also knew it was a sensitive issue for Republicans’ politically, especially as House Republicans parried White House allegations about cuts to veterans’ services. White House officials would engage in conversations where their Republican counterparts would outline a potential resolution on issues. For months, White House officials hoped – and to some degree based on past battles, expected – Senate Republican Leader Mitch McConnell would engage in finding a resolution.

Persons: Joe Biden, Biden, “, ” Biden, Kevin McCarthy, simmered, Steve Ricchetti, Louisa Terrell, Shalanda Young, reticence, Biden didn’t, McCarthy, ’ carveouts, Republicans ’, Republicans parried, ” Terrell, ”, ” Young, Jeff Zients, –, would’ve, that’s, ” Zients, ” Ricchetti, Patrick McHenry, Young, Michael Linden, Ricchetti, McCarthy’s, Mitch McConnell, Terrell, McHenry, Garret Graves, Graves, Dan Meyer, they’ve, “ There’s, you’re, cleaver Organizations: CNN, Resolute, Legislative, White, Republican, FBI, Republicans, Internal Revenue Service, SNAP, Congressional, Office, Progressive, Young, White House, GOP, Biden, Republican Rep, Congress, dropoff, Air Force Academy Locations: Washington, Garret Graves of Louisiana, McHenry, Louisiana, Ukraine, Colorado

☆ Here's our first-quarter earnings report card for every stock in the portfolio
▼ + stars: | 2023-06-02 | by ( Zev Fima | ) www.cnbc.com time to read: +17 min

As a result, about 78% of S & P 500 companies reported better-than-expected earnings results, according to FactSet. Though sales came up short of expectations, earnings, operating margin, and return on capital all notched new record highs in a tough economy. We also saw strong sales of key drug Mounjaro along with positive updates for its potential as a weight loss medication. GE Healthcare (GEHC) reported solid results with its first-quarter earnings release as sales and earnings outpaced expectations. Despite the top-line miss, TJX Companies (TJX) delivered better-than-expected earnings as management demonstrated the ability to diligently control expenses.

Persons: Emerson, Eli Lilly, Strong, Humana, Johnson, Morgan Stanley, Wells Fargo, Wells, Estee Lauder, Locker, Jim Cramer's, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Club, Halliburton, HAL, Linde, LIN, Microsoft, Nvidia, Palo Alto Networks, billings, Procter & Gamble, Devices, Caterpillar, Costco, Coterra Energy, Management, GE Healthcare, Honeywell, Johnson, Wynn Resorts, WYNN, Valley Bank . Disney, Natural Resources, Constellation Brands, TJX Companies, Bausch Health, Nike, Jim Cramer's Charitable, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: Washington, North America, United States, Wells, Macau, Asia, Los Angeles , California

Crop Watch farmers last week continued planting their corn and soybeans at a faster-than-normal pace, mirroring national progress, though field work has barely started in North Dakota. As of Monday, 15 of the 22 Crop Watch fields had been planted, most recently the ones in eastern Iowa, finished Thursday and Friday. Unplanted soybean fields include those in Kansas, Minnesota, South Dakota, North Dakota and Ohio. Crop Watch planting is moving slower than in 2021, when 19 of the 22 fields had been planted by May 7. The final two fields, Ohio corn and North Dakota soybeans, wrapped up on May 18 that year.

☆ Regional bank stocks could be a market afterthought in the week ahead
▼ + stars: | 2023-05-05 | by ( Scott Schnipper | ) www.cnbc.com time to read: +7 min

For the immediate economic and earnings and growth outlook, it almost seems irrelevant whether regional bank stocks rally, steady or sell off more next week. Regional banks were top of mind for investors this past week, as First Republic failed , the SPDR S & P Regional Banking ETF tumbled more than 10% — twice the five-day loss in the S & P 500 Energy Index, the hardest hit S & P sector — and lenders such as PacWest Bancorp and Western Alliance Bancorp lost billions in market value. And, for all that, the S & P 500 only fell about 0.75% this week. Now the conventional wisdom on Wall Street is that regardless of how the regional bank stocks trade, it's a given that bank lending officers are going to pull in their horns and risk management desks will grow more risk averse. But stocks still face a host of issues, none of which are going away next week.

☆ Monitoring Financial Institution Compliance
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +41 min

Compliance MonitorshipsA compliance monitor (also called an independent examiner or independent compliance consultant) is an impartial party appointed by the government to detect the root causes of the institution’s compliance failures. The purpose of a compliance monitor is not to address a particular compliance failure or punish the institution. Responded to compliance issues, in a timely manner and in a way that demonstrates that the institution takes compliance issues seriously. Compliance Department EmployeesThe monitor must evaluate the adequacy of compliance department employees, including the number of compliance employees, their experience, and their expertise. Assess the Compliance SystemsThe monitor typically engages compliance technology experts, who have specific knowledge of coding and compliance technology software, to test and evaluate the institution’s compliance systems.

☆ Thyssenkrupp gives investors wrong kind of breakup
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +2 min

LONDON, April 24 (Reuters Breakingviews) - An abrupt CEO departure adds yet more problems for Thyssenkrupp’s (TKAG.DE) long-suffering investors. Merz was drafted in after her predecessor Guido Kerkhoff himself left after just 14 months, amid an aborted steel spinoff. Progress on a listing of Thyssenkrupp’s hydrogen business or a steel spinoff has been slow, despite a plan to hive off weaker units. Thyssenkrupp says it will continue its transformation, and appointed a former Siemens (SIEGn.DE) executive, Miguel Ángel López Borrego, to replace Merz. Yet investors still smarting from a minus 37% total return under its last bold CEO now seem to be expecting more of the same.

☆ Legendary Female Artists on the Younger Women Who Inspire Them
▼ + stars: | 2023-04-20 | by ( ) www.nytimes.com time to read: +20 min

The Artist’s Mind What it feels like for female artists to wrestle with ambition, ego, ambivalence and inheritance. That isolation has, historically, been especially true for women artists, some of the most celebrated of whom have seen “writer” or “painter” or “filmmaker” treated as a secondary part of their identity. For this issue, we asked legendary female artists to tell us about a younger woman whose work excites them and gives them hope. But for the current generation of women artists, who have come of age with models who more closely resemble them, identity seems more like a source of community than a trap. Women artists, born into a Babylon of exclusion and possibility, reveal that creative inheritance is as promiscuous as legal inheritance is strict.

Crop Watch follows 11 corn and 11 soybean fields across nine U.S. states, including two each in Iowa and Illinois. As of Tuesday, four Crop Watch fields had been planted and a fifth, the Indiana soybeans, was in progress. Since 1980, U.S. corn planting progress has matched or exceeded 10% by April 16 only five times, most recently in 2016. Some notable corn planting progress by state as of Sunday include Illinois at 10%, Iowa 7%, Kansas 17% and Missouri 30%. The five-year average corn planting is 11% for April 23 and 26% for April 30.

☆ Airline, banking and rail oversight top U.S. progressives' wish list for Biden
▼ + stars: | 2023-03-30 | by ( Moira Warburton | ) www.reuters.com time to read: +3 min

REUTERS/Jim VondruskaWASHINGTON, March 30 (Reuters) - Liberal Democrats in the U.S. Congress called on President Joe Biden on Thursday to take executive action to crack down on misconduct in the banking, airline and rail transportation industries. The caucus, made up of 101 U.S. House Democrats and independent Senator Bernie Sanders, has grown in influence in recent years under Representative Pramila Jayapal's leadership. "These are actions that we believe the White House and federal agencies have the authority and the ability to take now," Jayapal told reporters on Thursday. With the House of Representatives narrowly controlled by Republicans and the Senate narrowly controlled by Democrats, progress on legislation is increasingly rare, leading presidents to rely more heavily on executive action. Biden's Democratic administration has taken the caucus's advice on multiple occasions, most notably on canceling student debt through executive action.

☆ ECB to reassure EU leaders on bank stability, call for EU deposit insurance
▼ + stars: | 2023-03-24 | by ( Jan Strupczewski | ) www.reuters.com time to read: +3 min

"She will ask the leaders to complete their Banking Union and go forward on the Capital Markets Union." EU DEPOSIT INSURANCE NEEDED TO COMPLETE BANKING UNIONEU leaders are likely to get a similar message on banks from the chairman of euro zone finance ministers Paschal Donohoe. "Completing the Banking Union" is EU code for introducing a European Deposit Insurance Scheme (EDIS), the last missing element from the project launched in 2012. The Banking Union is already two-thirds complete. The Capital Markets Union was launched in 2015 to facilitate access to private capital by EU companies, which now mainly depend on bank loans for any financing.

☆ Eli Lilly, Apple and Salesforce each made news on Thursday — our Club takes
▼ + stars: | 2023-03-09 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

A trio of Club stocks — Eli Lilly (LLY), Apple (AAPL) and Salesforce (CRM) — are in the news Thursday. The news: Eli Lilly is ending clinical development for one of its older Alzheimer's drugs — known as solanezumab — following another failed trial. Eli Lilly shares have struggled so far this year, falling more than 13%. In a note to clients, the firm said Eli Lilly "remains one of our favorite names" in the industry. The Eli Lilly logo is shown on one of the company's offices in San Diego, California, September 17, 2020.

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