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☆ A boomer who retired with a $2 million net worth despite working modest jobs shares his advice on retiring comfortably
▼ + stars: | 2024-11-16 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

AdvertisementAn Idaho couple retired with a net worth of over $2 million by living frugally and making smart investment choices. Richard learned investment strategies later in life after losing thousands in the dot-com bubble. He worked and lived frugally while attending the University of Illinois, which he said cost just $173 his first semester. Advertisement"I haven't been a disciplined, smart investor throughout my life, but I have always lived frugally," Richard said. In retirement, Richard has produced over 70 books about his hometown, American history, and trail guides.

Persons: Richard, weren't, wasn't, it's, I've, He's Organizations: University of Illinois, Air Force, Social, Social Security Locations: Idaho, Illinois, Sacramento, Airbnbs

☆ Americans moving to Canada should be aware of these 4 tax and investment implications
▼ + stars: | 2024-11-16 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

AdvertisementInterest in moving to Canada has spiked among Americans after the election. Advertisement"I think sometimes it can be a knee-jerk reaction," Woodfield said of moving to Canada. AdvertisementTo prevent ex-pats from getting taxed twice on their income, the US and Canada have a tax treaty that provides a foreign income tax credit for any income tax paid to the other country, Woodfield explained. You also don't have the option to file joint income tax returns with your spouse in Canada, Woodfield warned. AdvertisementThe earlier you start preparing for your cross-border move, the better — ideally, one to two tax years before moving, Woodfield said.

Persons: Tiffany Woodfield, Donald Trump, Roe, Trump, Raymond James ., Woodfield, Uncle Sam, RRSPs, …, It's, you've, they've, I've Organizations: White, Wade, SWAN Wealth Management, pats, Income Corporations, IRS Locations: Canada, Spain, they're

☆ She fell in ‘love at first sight’ with an Italian stranger. Within days they were talking about marriage
▼ + stars: | 2024-11-15 | by ( Francesca Street | ) edition.cnn.com time to read: +20 min

“Italian Guy No. 2, so that I could have a friend to hang out with in Italy…”Ambika didn’t really expect Italian Guy No. Italian Guy No. And that’s how, a couple of weeks later, Ambika found herself cooking pasta at the Neapolitan home of Italian Guy No. And as Ambika fell slightly in love with Naples, she also fell all the more in love with Marco.

Persons: Ambika Mathur, Emily, Ambika, ”, Emily flit, Emily ”, she’d, “, Guy No, ” Ambika, Italian Guy No, Italy …, Ambika didn’t, hadn’t, Italian Guy, Guy, Marco Di Fiore —, ” Marco, Marco, Ambika Mathur's, Marco Di Fiore, “ Marco, Riva superyacht, Brigitte Bardot’s, ’ ”, Ambika Ambika, Conca dei Marini, Amalfi, ‘, Marco’s, ‘ Marco, —, Ambika’s, it’s, Michelangelo, Marco —, Ambika can’t, I’m, he’s, ” “, It’s Organizations: CNN, Netflix, CNN Travel, Italian, LAX, Porsche, Marco, ” Locations: Paris, California, Los Angeles, Milan, Italy, Amalfi Coast, Italian, Naples, Amalfi, Neapolitan, It’s, Borgo, Posillipo, Napoli, Conca, Salerno, Rome, United States, Malibu, Beverly Hills, Orange County, SoCal, LA, San Diego, ”, Southern California, Praiano, Amafi, Massa Lubrense, Sorrento, “, India

☆ Kim Jong Un said to order mass production of suicide drones
▼ + stars: | 2024-11-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

North Korean leader Kim Jong Un guided a test of suicide drones and ordered mass production of the aerial weapon, saying the introduction of such drones around the world requires an urgent update of military theory, state media said Friday. Kim “underscored the need to build a serial production system as early as possible and go into full-scale mass production,” state news agency KCNA said. Kim observed a test firing of what appear to be suicide drones alongside military officials at an undisclosed location. That has prompted South Korea to deploy weapons to shoot down North Korean drones. North Korea and Russia have recently ratified a comprehensive strategic partnership that their leaders signed in June, which includes a mutual defense pact.

Persons: Kim Jong, Kim, Kim “, KCNA, ” KCNA Organizations: South Korean, Ukraine, Russian Locations: Russia, Moscow, Ukraine, North Korea, Seoul, South Korea, Korea, frontlines

☆ North Korea orders mass production of attack drones after seeing Russia's tactics up close
▼ + stars: | 2024-11-15 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +5 min

Kim Jong Un has ordered the mass production of attack drones, North Korean media reported. AdvertisementNorth Korean leader Kim Jong Un ordered the mass production of exploding drones on Thursday, according to North Korean state media. Kovalenko also said there were plans to send Russian drone instructors to Pyongyang, the North Korean capital, for further training of North Korean personnel. "North Korea may use these skills for future terrorist actions in the border areas with South Korea," he said. The partnership brings another advantage for North Korea: much-needed live combat experience and technical know-how.

Persons: Kim Jong Un, —, Kim, Kim Jong, AP Kim, Putin, Gavriil, Andrii Kovalenko, Kovalenko, Joseph S, Bermudez Jr Organizations: Service, Business, KCNA, BMW, North Korean, Korean Central News Agency, Korea News Service, AP, Reuters, AFP, Ukraine's Center, North, Center for Strategic, International Studies Locations: Korean, Russia, North Korea, Ukraine, Iran, AFP North Korea, Kursk, Ukrainian, South Korea, Russian, Pyongyang, Korea

☆ North Korea to mass produce self-detonating explosive drones, state media reports
▼ + stars: | 2024-11-15 | by ( Helen Regan | Gawon Bae | ) edition.cnn.com time to read: +4 min

Images published by North Korean state media show Kim and various officials at the launch site. State media reported that drones “of various types precisely hit the targets” as part of the test. Such self-detonating drones, also sometimes referred to as suicide drones, have been widely used to great effect on the battlefield in Russia’s war in Ukraine and in the Middle East. Images released from North Korean state media KCNA show what it said were self-detonating drone during a test of the unmanned aerial vehicles. KCNANorth Korean leader Kim Jong Un speaks with officials as he oversees a test of self-detonating drones, according to state media KCNA.

Persons: Kim Jong Un, Kim, Kim “, “, ”, Kim Jong, KCNA, Vladimir Putin Organizations: CNN, North, US State Department, Russian, CNN North Korean, Korea’s Defense, Agency, South Locations: North Korean, Ukraine, West, Russia, Kursk, Korean, Ukrainian, Pyongyang, ” Moscow, North Korea, Russian, South Korea, Seoul, Korea’s, Ganghwa

☆ These mutual funds are about to drop a tax surprise in investors’ portfolios. How to prepare
▼ + stars: | 2024-11-14 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Hefty capital gains tax bills could be around the corner for investors in certain mutual funds. Fund families are notifying shareholders of estimated capital gains distributions for 2024, which they will issue to investors in December. This year has been a strong one for stocks, with the S & P 500 up more than 25%, and double-digit distributions from some mutual funds are on deck. See below for a few funds that are expected to spin out double-digit capital gains distributions this year, per Morningstar. If your losses exceed your capital gains, you can also apply up to $3,000 of them toward ordinary income on your federal return.

Persons: Morgan, Stephen Welch, Welch Organizations: Institutional Fund

☆ Bitcoin could hit $100,000 by Inauguration Day, says crypto expert—what a Trump Presidency could mean for digital assets
▼ + stars: | 2024-11-14 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

"A Kamala presidency would have meant the same exact things for crypto and digital assets in four years' time as a Trump presidency," Brokate says. Part of crypto's upward price momentum stems from investor optimism in what a Republican-controlled government could mean for digital assets, Brokate says. But forward-looking investors say that the current market for crypto is barely scratching the surface of potential investor demand. That is, crypto advocates say, if the U.S. government provides a clearer regulatory framework for financial institutions to market and sell crypto and other digital assets to customers. Ideally, crypto enthusiasts say, the U.S. would eventually establish regulatory frameworks similar to the one that exists in Europe known as MiCA — Markets in Crypto Assets.

Persons: Kamala, Trump, Brokate, Federico Brokate, bitcoin, Geoff Kendrick, Andy Baehr, hasn't, Baehr Organizations: Republican, Trump, Crypto, CNBC Locations: U.S, Europe

☆ Beverly Hills surgeon sues Medtronic for patent infringement
▼ + stars: | 2024-11-13 | by ( Paige Tortorelli | ) www.cnbc.com time to read: +1 min

Dr. Shirin Towfigh thought she had designed a medical device that would revolutionize hernia care for women. Now, Towfigh is suing Medtronic, a global leader in medical devices, accusing the company of stealing her patented design. In 2016, she filed for an international patent to protect a new design aimed at improving outcomes for patients. In 2016, Towfigh says she visited Medtronic's manufacturing site in France to discuss a potential collaboration and her patent-pending product. In May 2017, Medtronic filed its own hernia mesh patent for a product that Towfigh says closely resembles her design.

Persons: Shirin Towfigh, Medtronic, Towfigh, —, that's Organizations: Beverly, Medtronic, CNBC Locations: Beverly Hills, U.S, Delaware, France

HONG KONG — Hong Kong’s top leader on Tuesday warned President-elect Donald Trump not to interfere in the Chinese territory’s internal affairs after he said he would “100%” free the imprisoned pro-democracy activist and tycoon Jimmy Lai. He said Hong Kong, whose government denies that judicial independence is under threat, also valued the rule of law. “In these respects, I hope that all countries will respect the Hong Kong Special Administrative Region and avoid political interference that could affect the judiciary and normal commercial activities in Hong Kong,” he said. Hong Kong also enacted its own national security legislation in March. Pro-democracy activist Jimmy Lai being escorted out of court in Hong Kong in 2021.

Persons: Hong Kong’s, Donald Trump, Jimmy Lai, Lai, Hong, Trump, Hugh Hewitt, I’ll, Lee, ”, “, Hong Kong, . Lai, John Burns, ” Burns, ” Lai, Burns, Sen, Marco Rubio, ” Lee Organizations: Apple, Hong, Administrative, AFP, Getty, University of Hong, NBC News, “, Trump, Republican, Fraser Institute Locations: HONG KONG, Hong, China, Hong Kong, United States, U.S, Beijing, British, ., University of Hong Kong, ” Hong Kong, Washington , New York, San Francisco, Vancouver, Singapore

Now, Jannik Sinner and Carlos Alcaraz are fast becoming household names and the next generation-defining rivalry. However, Sinner and Alcaraz – ranked No. Due to their rapid success, it is easy to forget that Sinner is only 23 and Alcaraz just 21. Sinner hits a shot in the semifinals of the US Open, a tournament he went on to win. Time will tell if Sinner can put that ice-cold instinct to good use at the ATP Finals and win the tournament for the first time.

Persons: Ivan Lendl, John McEnroe, Jimmy Connors, Andre Agassi, Pete Sampras dueled, Roger Federer, Rafael Nadal, Novak Djokovic, Carlos Alcaraz, Federer, Alcaraz –, Roland Garros, Alcaraz, Italy –, Nadal, ” Alcaraz, ”, Andy, Murray, Sinner, Frey, JC Ferrero, Juan Carlos Ferrero, “, ‘ Oh, he’s, Sean M, it’s, Angela Weiss, Manchester City’s Erling Haaland, Kylian, Alex de Minaur, Taylor Fritz, Casper Ruud, Andrey Rublev Organizations: CNN, tennis, Australian, Wimbledon, ATP, CNN Sport, ATP Tour, JC, JC Ferrero Challenger, Getty, AC Milan, Manchester Locations: Turin, Italy, Flushing Meadows, China, Beijing, Shanghai, Real Madrid

☆ What investors need to consider when choosing a dividend-paying fund
▼ + stars: | 2024-11-12 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Jamie Grill | Tetra Images | Getty ImagesFor investors who want income, dividends may provide an answer. Dividend investment options may come in the form of single company stocks or dividend-paying funds, like exchange-traded funds or mutual funds. However, dividend-paying funds like ETFs or mutual funds may provide a broader exposure to dividend securities, often at lower costs, she said. For investors who are considering putting a portion of their portfolios in dividend-paying strategies to fulfill their income-seeking goals, there are some things to consider. What kind of dividend-paying fund fits my goals?

Persons: Jamie Grill, Leanna Devinney, Devinney, Daniel Sotiroff, Sotiroff, it's Organizations: Fidelity Investments, Morningstar, Apple, Microsoft, Vanguard Locations: Hingham , Massachusetts

☆ Chappell Roan reveals the secrets of a brilliant debut
▼ + stars: | 2024-11-11 | by ( ) www.nbcnews.com time to read: +22 min

… You two have changed pop music forever.”Dan Nigro and Chappell Roan speak with Brandi Carlile at The Grammy Museum on Nov. 7 in Los Angeles. Some frustration was expressed over the inability of execs to “get” Roan from the outset, not least of all from Carlile. “I think I’m better at it now. “I think that’s why it was so heavy. “I think that’s absolutely gorgeous.

Persons: ”, Chappell, Brandi Carlile, Roan, Dan Nigro, Chappell Roan, “, “ I’m, Carlile, Elton John, John, ” Dan Nigro, Rebecca Sapp, Olivia Rodrigo’s, Nigro, mesmerizingly, might’ve, Missourian, Said Roan, ’, “ It’ll, I’ve, Patsy Cline swoops, Roan didn’t, Said Nigro, Skyler, you’re, I’d, It’s, ” Roan, ” Carlile interjected, —, ” Carlile, Nigro “, ” Said Roan, Rami Malek, they’re, ” Said Nigro, it’s, We’ve, Declan McKenna, ” Said Carlile, Adele, they’d, I’m, …, it’ll, … ” Carlile, Aunt Kim, Dan, “ we’ll, ‘ That’s, ‘, ’ Chappell, we’re, baring Organizations: Museum, The Recording Academy, Academy, Cocteau Twins, SNL, Pony, ’, ‘ California ’, ‘ YMCA, Gaga, ” Locations: L.A, Roan, Nigro, Los Angeles, Missourian Roan, “, eureka, California, Manhattan, ‘ California, Feburary

TOKYO — Lawmakers in Japan voted Monday to retain the embattled Shigeru Ishiba as prime minister despite his long-governing party’s dismal showing in parliamentary elections last month. Ishiba, a straight-talking former defense minister, received 221 votes compared with 160 for Yoshihiko Noda, leader of the opposition Constitutional Democratic Party. Many Japanese officials assume Trump is going to be “more straightforwardly anti-China,” and that Japan will be “somehow miraculously left off the hook,” he said. Though Japan has already pledged to double defense spending to 2% of gross domestic product by 2027, “that’s probably not going to be enough to satisfy Trump,” Boling said. While Abe was “extraordinarily skillful” in dealing with Trump, Ishiba has a different personality, Boling said.

Persons: Shigeru Ishiba, Ishiba, Donald Trump, Yoshihiko Noda, ” Ishiba, Yuichi Yamazaki, Trump, Koichi Nakano, Shinzo Abe, ” Nakano, David Boling, “ that’s, ” Boling, Joe Biden, Kamala Harris, Takahiro Mori, Abe, Boling, “, I’m, Jeff Kingston, ” Kingston, Arata Yamamoto, Jennifer Jett, Peter Guo Organizations: Lawmakers, Liberal Democratic Party, Constitutional Democratic Party, Getty, Trump, Japan Relations, NBC News, U.S, Eurasia Group, Nippon, Pittsburgh, . Steel, Democratic, Nippon Steel, United Steelworkers, ”, Japan Locations: TOKYO, Japan, Washington, Tokyo, China, Russia, North Korea, U.S, York, Japanese, Pittsburgh, ” Japan, United States, Temple, Hong Kong

☆ Ukraine is fighting 50,000 troops in Russia’s Kursk region, Zelensky says
▼ + stars: | 2024-11-11 | by ( Ivana Kottasová | Svitlana Vlasova | ) edition.cnn.com time to read: +3 min

CNN —Ukrainian President Volodymyr Zelensky said Monday Russia has deployed nearly 50,000 troops to Kursk, the southern Russian region where Kyiv launched its surprise counteroffensive in the summer. Kyiv launched its incursion into Russia’s Kursk region in August, taking by surprise not just Moscow, but also its allies. The Kremlin has not commented on the presence of North Korean troops on its territory. Zelensky said last week that 11,000 North Korean soldiers were now in the region. North Korean troops deployed to Russia’s Kursk region have fought Kyiv’s forces on the battlefield, Ukrainian President Volodymyr Zelensky said Thursday, adding that the clashes resulted in fatalities.

Persons: Volodymyr Zelensky, “, Zelensky, Oleksandr Syrskyi, Vladimir Putin, Donald Trump’s, Trump, ” Organizations: CNN, Russia, Kyiv, Ukraine’s Armed Forces, UN Security, TASS, CNN Sunday, Trump, Ukraine Locations: Kursk, Russian, Russia’s Kursk, Moscow, Russia, Ukraine, Ukrainian, North Korea, Belgorod, North

☆ 4 red flags to look out for when choosing a financial advisor—and one green flag
▼ + stars: | 2024-11-11 | by ( Judy Lagrou | In Judylagrou | ) www.cnbc.com time to read: +5 min

Here are four red flags to look for when choosing a financial professional, plus one green flag that an advisor could be a good fit, according to certified financial planners and advisors from across the U.S.Red flag No. 1: The financial advisor does most of the talkingIf a potential financial planner is doing most of the talking without letting you get a word in edgewise, it's a bad sign. Financial advisors who are also registered as investment advisors will have a public disclosure record with the SEC as well. In addition, you will also want to make sure that your financial advisor is certified in the way they claim. 4: You don't trust themOne red flag can't be found on a list or spreadsheet: lack of trust.

Persons: Carla Adams, Adams, Sean Williams, they've, Marisa Rothstein, Rothstein, Ashton Lawrence Organizations: U.S ., Ametrine, Cadence Wealth Partners, Industry, Authority, SEC, Siena Private, Mariner Wealth Advisors Locations: U.S, Michigan, North Carolina, Avon , Connecticut, South Carolina

She says everyone should invest in crypto, but not if you're investing money you can't afford to lose. Exchange-traded funds or mutual fundsExchange-traded funds (ETFs) and mutual funds are a great way to buy into the market without cherry-picking individual stocks, says Tu. Mutual funds, on the other hand, are a group of stocks and other assets typically handled by a fund manager to maximize profits. Real estate investment trustsA real estate investment trust (REIT) is a company that owns, operates, and invests in income-producing rental properties. With some of the best real estate investing apps, you can start investing with as little as $10.

Persons: Wall Streeter Vivian Tu, —, Vivian Tu, doesn't, They're Organizations: Service, Exchange, Mutual, Apple, Disney Locations: YOLO, cryptocurrency

☆ Climate Action 15: 2024's Leading Innovators for a Sustainable Future
▼ + stars: | 2024-11-11 | by ( ) www.businessinsider.com time to read: +40 min

Editor's note: Business Insider's reporters and editors nominated leaders based on insights from past Climate Action honorees, expert sources, and reader submissions. Courtesy of Jayson RicamaraSaudi Arabia, with its hot desert climate and little fresh water, is one of the most difficult farming environments. AdvertisementIyris in October also launched a sustainable-farming pilot in Saudi Arabia with chemical and plastic manufacturers as well as companies including Red Sea Global, a luxury tourism developer. A UN climate panel estimated that harnessing wave energy could supply 20% more electricity than the world produced in 2022. The US is trying to shore up its own mining and manufacturing base to curb China's power, including in battery recycling.

Persons: Derya Baran, Iyris Derya Baran, Jayson Ricamara, Baran, SecondSky, who's, Inna Braverman, Braverman, David Leb, Charles Callaway, Environmental Justice Charles Callaway ., Callaway, Clara, Gretchen Cara Daily, Stanford University Gretchen Cara Daily, Daily, NatCap, Juan Carlos Navarro, Panama Juan Carlos Navarro, Panama Navarro, José Raúl, Haiti —, Navarro, del, Reinhold Gallmetzer, Reinhold, Gallmetzer, Brazil's JBS, packer, Diane Gilpin, Smart Green Shipping Diane Gilpin, Gilpin, Drax, Roberta Tuurraq Glenn, Borade, Savok Glenn, Glenn, Cynthia Houniuhi, Houniuhi, it's, Arvind Kumar, Prasad, Rice, Kumar, Ari Matusiak, Gazur, Matusiak, —, Duncan McIntyre, McIntyre, Altenex, Ozane, Biden, It's, Delta, Liz Ricketts, Charlie Engman Ricketts, Ricketts, Ricketts didn't, Chao Yan, Princeton NuEnergy Chao Yan, Yan Organizations: Iyris, United Arab, King Abdullah University of Science, Technology, Red, Eco, UN, Eco Wave Power, Shell, Environmental Justice, Proctor Academy For Callaway, Metropolitan Transportation Authority, Green Institute, Callaway, Natural, Stanford University, Stanford, Facility, Ministry, Environment, Panama's, UNESCO, US State Department, National Association for, Nature, Center, for, Carrefour, Nestlé, Smart Green Shipping, Scottish Enterprise, International Windship Association, Maritime Organization, Union, Alaska Arctic Observatory, National Weather Service, AAOKH, University of Alaska, Pacific Islands, University of, International Court of Justice, United Nations, Prasad Seeds, Labor, Prasad, International Rice Research Institute, Rewiring, Reduction, Communities, Highland Electric, Schools, Highland, Beverly Public Schools, Fortune, Edison International, Louisiana, US Department of Energy, Ozane, White, LNG, Vessel Project, Biden, Department of Energy, Kantamanto, London . Brands, McKinsey, Princeton, New Jersey Institute of Technology, Princeton University, Princeton NuEnergy, Energy, Laboratory, EV Locations: Jayson Ricamara Saudi Arabia, Saudi Arabia, United Arab Emirates, Egypt, Spain, Ukraine, Cherkassy, Israel, Gibraltar, Port of Los Angeles, Porto, Portugal, West Harlem, New York City, Clara Hale, Costa Rica, Belize, China, NatCap, Stanford, Panama, Colombia, Venezuela, Haiti, Panama City, Brazil, Peru, Brazilian, , Norway's, Barrow, Furness, Alaska, University of Alaska Fairbanks, Utqiaġvik, Fanalei, Solomon Islands, Fiji, Vanuatu, Tonga, Asia, Saharan Africa, India, Philippines, Nepal, Bangladesh, Africa, Hyderabad, South, Southeastern Asia, Subhanpur, Rewiring America, Massachusetts —, Sulphur , Louisiana, Calcasieu, Vessel Project Louisiana, Accra, Ghana, New York, London, Kantamanto, Taiyuan, China's Shanxi, Argonne, South Carolina

☆ Trump is already wielding power and causing massive disruption
▼ + stars: | 2024-11-11 | by ( Stephen Collinson | Trump S Determination To Project Peerless Authority Is Playing Out On Multiple Fronts | ) edition.cnn.com time to read: +11 min

Democrats are, meanwhile, coming to terms with the massive fallout of their failure to stop Trump’s return to power, even as they dissolve into self-recrimination. They lack a clear leader to revive their message or a platform of power if Republicans retain control of the House. Establishing dominance over Washington Republicans: Trump has been mostly behind closed doors since his victory rally last week. Trump is promising to return to the volatile foreign policy that defined his first term — and then some. The conundrum facing US allies was laid out by French President Emmanuel Macron, who rode the Trump first-term rollercoaster.

Persons: Donald Trump, Trump, —, Mike Pompeo, Nikki Haley, Elise Stefanik, rouser Elon Musk, Volodymyr Zelensky —, Joe Biden —, Susie Wiles, Pompeo, Haley, Roger Stone, MAGA, “, ” Trump, Tony Carrk, Elect Trump, Florida Sen, Rick Scott —, Vivek Ramaswamy —, Dakota Sen, John Thune, Texas Sen, John Cornyn, Thune, Cornyn, ”, Washington, trepidation, Jim Jordan, Dana Bash, Jordan, Jack Smith, Musk, Trump —, Vladimir Putin, Emmanuel Macron, Macron, ” Macron Organizations: CNN, White, Republicans, GOP, United, New York, Trump, Pentagon, Overseas, peerless, CIA, South Carolina governor’s, Washington Republicans, Republican, United States, Democrats, Union, Ohio Republican, SpaceX Locations: Florida, United Nations, Europe, Taiwan, Iran, Russia, United States, Arizona, Washington, South Carolina, New York, ., Dakota, Texas, “ State, China

☆ Caligan picks up a stake in Verona Pharma, seeing an opportunity to generate more value
▼ + stars: | 2024-11-09 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

It invests in a concentrated portfolio of small and midcap life sciences companies, using activism as a tool to unlock value. A successful drug like Ohtuvayre would not just increase the life expectancies of patients with COPD, but it would lower costs for both health-care providers and COPD patients. Currently, there are over 8.6 million U.S. COPD patients with over 4 million remaining symptomatic despite treatment from the current commercial therapies. In early pooling analysis, Ohtuvayre showed a 41% reduction in exacerbations in COPD patients, almost double brensocatib. When Caligan announced its Verona position last month, the stock was trading at $33.40 per share or a $2.5 billion enterprise value.

Persons: Caligan, David Johnson, Ohtuvayre, Verona's, Verona, MorphoSys, bode, Ken Squire Organizations: Verona Pharma, Caligan Partners, Carlyle Group, FDA, MorphoSys AG, Novartis, pharma, 13D Locations: Verona, London, MorphoSys, Caligan's

☆ When I was 11, I made a friend who changed the trajectory of my life. She inspired me to go to college and try harder.
▼ + stars: | 2024-11-09 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

But my friend Gerry knew exactly how much she wanted to succeed in life before she was 11. AdvertisementI rarely see my four besties from middle and high school. Still, we all got together in the summer of 2016 for lunch at a fancy hotel to mark the 30th anniversary of our high school graduation. Related stories"I owe a lot to Gerry," my friend, Louise, announced. To my surprise, she said she might have dropped out of high school if it hadn't been for Gerry.

Persons: Gerry, —, Geraldine —, Gerry —, Julia White, Here's, She'd, she'd, Louise, I'd, didn't, Gerry Meanwhile, I've, hadn't Organizations: Service, Business Locations: England, Australia, London, New York

☆ Here's why ETFs often have lower fees than mutual funds
▼ + stars: | 2024-11-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Some experts say comparing average ETF fees to those of mutual funds isn't quite fair, because most ETFs have historically been index funds, not actively managed funds. To that point, index ETFs have a 0.44% average annual fee, half the 0.88% fee for index mutual funds, according to Morningstar. Similarly, active ETFs carry a 0.63% average fee, versus 1.02% for actively managed mutual funds, Morningstar data show. 'Cheap mutual funds also exist'ETFs and mutual funds are similar. While ETFs tend to be cheaper, on average, that's not to say mutual funds are always more expensive.

Persons: Zachary Evens, Evens, Michael McClary, that's, Bryan Armour Organizations: Morningstar, Investors, Valmark Financial, ETF, Trust, Mutual, North America Locations: U.S

☆ A pro-Trump European leader predicts he will abandon Ukraine: 'The Americans will quit this war'
▼ + stars: | 2024-11-08 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

He said that the US "will quit" the war and there's a "military defeat in Ukraine," per reports. AdvertisementHungary's leader, Viktor Orbán, has a chilling forecast: the US will abandon Ukraine under President-elect Donald Trump. Orbán's forecast comes as world leaders hold key meetings this week, in part to discuss the war in Ukraine. European leaders are convening at a European Council summit in Budapest on Friday, where they are expected to discuss security and geopolitics in Ukraine. Orbán was among the first European leaders to congratulate Trump on his victory.

Persons: Viktor Orbán, —, Donald Trump, Vladimir Putin's, Trump, Kamala Harris, Keith Kellogg, Fred Fleitz, Orbán, Axel Springer, Volodymyr Zelenskyy Organizations: Trump's, Service, Reuters, European Union, Trump, White, NATO, Street, National Security, Political Locations: Ukraine, Russia, Budapest, Europe

☆ Grammy nominations preview: An album of the year race that’s impossible to predict and more
▼ + stars: | 2024-11-07 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +8 min

More women have been represented in the album of the year category since it was expanded in 2019, going from 5 nominees to 8 or more. Her husband Jay-Z, reminded Grammy voters of this perceived oversight during last year’s ceremony. But the race for album of the year is just one part of what may make the 2025 Grammy Awards special. 1 on the Billboard 200, he is on track to, at the very least, earn multiple nominations on Friday. The Grammy nominations will be announced live on Friday at 10:45 a.m. EDT/7:45 a.m. PDT on the Recording Academy’s YouTube page.

Persons: Taylor Swift, Beyoncé, Billie Eilish, Ariana Grande, Sabrina Carpenter, Charli XCX, Chappell Roan, Jon Batiste, Paul Grein, ”, Swift, “ Cowboy Carter, ” Grein, she’s, Jay, Grein, “, ” Swift, “ Midnights ”, Barbra Streisand, Kendrick, Lamar, Drake, XCX, Maria M . Silva, Roan, Carpenter, Charli, it’ll, Cowboy Carter, Beyonce, don’t, Megan Thee, Slim Pickens ”, Spiritbox, Kendrick Lamar, Timothy Norris, Drake’s, Celine Dion reenters, Celine Dion’s, Celine Dion, Jon Batiste’s, Willie Nelson’s, Willie Nelson, Taylor Swift’s, Michael Webb, Lady Gaga, Malone, Morgan Wallen, this’ll, Beyonce “ Levii’s Organizations: CNN, Recording Academy, “, Poet’s Department, Storm King, Albany Times Union, Hearst Newspapers, Kia Forum, Getty, Beatles, London Palladium, Hulton Locations: New Windsor , New York, Inglewood , California, Lamar

Trump's first 100 days are likely to be a rollercoaster, especially given his affinity for headline-grabbing moves. These structured channels helped ensure open dialogue on issues like tariffs, technology restrictions, and financial stability. A potential role for Elon Musk as a geopolitical go-between China might look to alternative channels to manage relations with Trump's administration. National security and AI, autonomous vehicles National security considerations will also be front and center in Trump's early China policy, especially regarding technology restrictions. Expect tariffs, technology restrictions, and Trump's unique brand of diplomacy to push the relationship to its limits.

Persons: Donald Trump, Xi Jinping, Kevin Lemarque, Donald Trump's, Trump, Mao Ning, Trump's, Biden, Elon Musk, Tesla, he's, Robin Ren, Ying Yong, Wu Qing, hasn't, Steve Wynn, Musk, — Organizations: Reuters, White, U.S ., Foreign, Treasury, Commerce, Tesla Inc, Bloomberg, Getty, European Union, Trump Locations: Osaka, Japan, U.S, China, Beijing, Shanghai, Washington, Taiwan, European, South Korea, Trump's

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