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☆ CDK Global says software outage will take several days to resolve
▼ + stars: | 2024-06-23 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +4 min

New York CNN —Retail software provider CDK Global says it will likely take several days for its software to be back online and operational, as the company grapples with a system outage that has paralyzed nearly 15,000 car dealerships across North America since Wednesday. The data provider’s software, which dealerships use to manage everything from scheduling to records, said Saturday it has begun restoring its software. Car manufacturer Ford told CNN it is working with dealers to set up alternative software systems and other workarounds. Several dealerships on the East Coast told CNN on Sunday they are manually filling out forms to process sales. One used car dealership told CNN it has been filing paperwork by hand and sending runners to the car registry with the paperwork.

Persons: CDK, Mike Stanton, Ford, they’re Organizations: New, New York CNN — Retail, CDK, CNN, Bloomberg, Dealers, National Automobile Dealers Association, East Coast, Sunday, Securities and Exchange Commission, Penske Automotive, Premier Trucking Group, Penske, SEC, Sonic Automotive, Premier Truck Locations: New York, North America, Eastern European, CDK, United States

☆ The ‘Inside Out 2’ movie is a summer box office success
▼ + stars: | 2024-06-16 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

The studio’s latest animated film, “Inside Out 2,” has rocked the lethargic summer box office, becoming the first movie of 2024 to reach $100 million in domestic sales during its opening weekend. Heading for a $155 million weekend per Comscore estimates, the movie marks the most lucrative box office opening since last July’s “Barbie,” which grossed $162 million. According to Comscore and Disney, “Inside Out 2” has also cinched the No. “The story of the summer was always going to come down to how Pixar (‘Inside Out 2’) and Marvel (‘Deadpool & Wolverine’) rebounded,” said Loria. Domestic box office totals since the beginning of May are still down by about 28% compared to this time last year, according to Comscore data.

Persons: Joy, ”, “ Barbie, “, Daniel Loria, Shawn Robbins, Disney’s, Deadpool, ’, Paul Dergarabedian, Dergarabedian Organizations: New, New York CNN, Disney, Box, showtime, ” Industry, Pixar, Guild, SAG, Marvel Locations: New York, United States

☆ Washington Post CEO Will Lewis faced with new allegations of phone hacking
▼ + stars: | 2024-06-16 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +6 min

Citing a former co-worker of Lewis’, a private investigator and its own investigation of newspaper archives, the New York Times said Lewis used phone and company records that were “fraudulently obtained” through hacking and paying sources for information. A spokesperson for the Washington Post told CNN Lewis declined to comment. The Washington Post did not respond to CNN with regard to these allegations. “It’s as bad as I’ve ever seen it, truly,” one staffer said earlier this month, noting that the Washington Post has hit “rough patches” before but that the stormy atmosphere hanging over the outlet is unprecedented. In an opinion piece for the Guardian on Wednesday, Sullivan wrote that firing Lewis and finding a new CEO is “the cleanest, best move” Washington Post owner Jeff Bezos could make.

Persons: Will Lewis, Lewis ’, Lewis, “, Margaret Sullivan, Craig Newmark, Sally Buzbee, CNN Lewis, Rupert Murdoch’s, Prince Harry, Guy Ritchie, Hugh Grant, Buzbee, ”, “ It’s, Sullivan, Jeff Bezos, Bezos, — Organizations: New, New York CNN, New York Times, Times, Craig Newmark Center for Journalism, Columbia University’s School of Journalism, CNN, of Professional Journalists, Washington Post, Washington, Murdoch’s News Corporation, NPR, The Washington Post, Guardian, ” Washington Post Locations: New York, Washington, London

☆ Collectible toy market: This vintage action figure set a record at auction
▼ + stars: | 2024-06-10 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +11 min

The Rocket-Firing Boba Fett action figure, modeled after the “Star Wars” bounty hunter, was purchased in Dallas by an anonymous buyer for $525,000, Heritage Auctions announced last Monday. Dolls are for girls, action figures are for boysUnlike fine art or sports memorabilia, the collectible action figure market is only a handful of decades old because action figures have only been around since the mid-1960s. “The first action figure was G.I. He recounted how Hasbro executive Don Levine coined the term “action figure” as a marketing tool, because “we can’t call these dolls. Caravoulias recalls laying in bed as a kid in 1985 and wishing he could buy a $5 Rambo II action figure.

Persons: Boba, Barbie, ”, Justin Caravoulias, Joe, Boba Fett, Fett, Kenner, Brian Rachfal, “, Don Levine, ’, “ Nobody, Caravoulias, Price, Tom Derby, Darth Vader, It’s, Rambo, Rachfal, —, Paul Arnold, Arnold, Gary C, Knapp, they’re, ” Caravoulias, Circana, ” “ Barbie, ” James Zahn Organizations: New, New York CNN, “, Heritage Auctions, Heritage, Kenner, Hasbro, CNN, Derby, ‘ Power Rangers Locations: New York, United States, Dallas, American, Virginia Beach, Va

☆ Stellantis recalls vehicles over stability control issues
▼ + stars: | 2024-06-09 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

New York CNN —Car manufacturer Stellantis is recalling 211,581 SUVs and pickup trucks over a software malfunction that could cause their electronic stability control systems to fail. The company said the issue stems from a defective anti-lock breaking system, which in turn deactivates the stability control system. Using a vehicle with a disabled stability system could increase the likelihood of a crash, the National Highway Traffic Safety Administration said Thursday. Multiple studies have found electronic stability control systems tend to reduce fatal collisions, particularly single-vehicle and rollover crashes. The company said customers will be able to bring their cars in to the dealers to update their vehicle’s anti-lock braking systems for free.

Persons: Stellantis Organizations: New, New York CNN —, Traffic Safety Administration Locations: New York, Durango

☆ Billionaire media magnate Rupert Murdoch marries at 93
▼ + stars: | 2024-06-02 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

New York CNN —Right-wing media mogul Rupert Murdoch tied the knot Saturday for the fifth time, according to British tabloid newspaper the Sun. The Sun, which is owned by Murdoch, released photos of the 93-year-old Australian billionaire alongside his 67-year-old wife, retired molecular biologist Elena Zhukova, at his vineyard in Bel-Air, California, where the ceremony took place. Zhukova is the mother of Russian American art collector Dasha Zhukova, the former wife of Russian oligarch Roman Abramovich. Murdoch sat for decades at the helm of Fox Corporation and News Corp, two media companies with outlets that include the Wall Street Journal, the New York Post and Fox News. In March 2023, Murdoch proposed to Ann Lesley Smith but the engagement was called off two weeks later.

Persons: Rupert Murdoch, Murdoch, Elena Zhukova, Dasha, Abramovich, Lachlan, Zhukova, Jerry Hall, Ann Lesley Smith Organizations: New, New York CNN, Sun, Air, Fox Corporation, News Corp, Street Journal, New York Post, Fox News, New York Times Locations: New York, Bel, Air , California, Zhukova, Russian

☆ US box office on track to have worst Memorial Day weekend since 1995
▼ + stars: | 2024-05-27 | by ( Eva Rothenberg | Alicia Wallace | ) edition.cnn.com time to read: +8 min

CNN —The summer movie season typically starts with a bang during the month of May and, particularly, during Memorial Day weekend. Memorial Day weekend (Friday through Monday) movie ticket sales are estimated at $128.3 million, according to Comscore data provided to CNN. In fact, the US box office is on track to have its lowest-grossing Memorial Day weekend since the $117.1 million seen in 1995, when “Casper” haunted the screens — and that’s not even adjusting for inflation. The tepid Memorial Day weekend continues what’s been a lukewarm start to the summer box office, a movie-going season that’s still reeling from the effects of last year’s Hollywood strikes. Industry experts agree that the 2024 box office has been sluggish so far , but remain hopeful that the box office can rebound by the end of the year and beyond.

Persons: it’s, ”, “ Casper ”, that’s, ” Paul Degarabedian, Comscore, “, Max, what’s, ” Dergarabedian, “ Barbie ”, “ Oppenheimer ”, Shawn Robbins, there’s, Degarabarian, Deadpool, ” “ Oppenheimer, Barbie ”, Dory, bloomer, Daniel Loria, ” Loria, ” Disney, Loria, “ Deadpool, Fandango, Robbins, “ That’s, ’, ” Robbins Organizations: CNN, Guild, SAG, Labor, “, Warner Bros, Warner Bros ., Star, Walt Disney Studios, Disney, Box, showtime, Century Entertainment, Writers Guild of America, Pixar, Marvel, Industry Locations: United States, “

☆ The summer box office is playing catch-up after a rough start to the year
▼ + stars: | 2024-05-25 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +6 min

New York CNN —The summer box office is off to a lukewarm start. Last summer, blockbusters “Barbie” and “Oppenheimer” combined added nearly a billion dollars to the domestic box office, according to Comscore data. “Barring some major overperformances, this summer looks like it’ll be down 20% to 25% in box office grosses between May and August from last year,” said analyst Shawn Robbins, founder and owner of Box Office Theory. Industry experts agree that the 2024 box office has been sluggish so far , but remain hopeful that the box office can rebound by the end of the year and beyond. “Box office earnings have been down largely because of staggered gaps between widely appealing releases in the first half of the year,” said Robbins.

Persons: “ Barbie ”, “ Oppenheimer ”, “, Max, ” Paul Dergarabedian, ”, Shawn Robbins, ” “ Oppenheimer, Barbie ”, Dory, bloomer, Daniel Loria, ” Loria, ” Disney, Loria, “ Deadpool, Fandango, Deadpool, Robbins, “ That’s, ’, ” Robbins Organizations: New, New York CNN, Guild, SAG, CNN, Labor, “, Warner Bros, Warner Bros ., Star, Walt Disney Studios, Disney, Box, showtime, Century Entertainment, Writers Guild of America, Pixar, Marvel, Industry Locations: New York, United States, “

☆ Why Jay Powell really wants to lower interest rates this September
▼ + stars: | 2024-05-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

It’s interesting to me that the equity market is cheering the idea that the Fed is going to be cutting rates. There tends to be a fine line between cutting rates and extending the economic cycle or cutting rates because the cycle is coming to an end (and the economy is softening). When the Fed is cutting rates, it’s cutting rates because a recession is about to happen, right? That’s why I say there’s a fine line between the Fed cutting to extend the cycle and the Fed cutting because a recession is about to happen. The Fed has been in this precarious space where they’re trying to avoid recession while lowering interest rates.

Persons: Dow, stoking, Bell, Tom Porcelli, Jerome Powell, Jay Powell, they’re, that’s, Donald, Goofy, Eva Rothenberg, Mickey Mouse, Snow White, Captain Hook, ”, Kate Shindle, “, Uber, Lyft, Jamie Long, Read Organizations: CNN Business, Bell, New York CNN — Markets, Federal Reserve, Fed, ’ Equity Association, Equity, National Labor Relations Board, Disneyland, Disney, ’ Equity, Walt Disney Company, Uber, Democratic, Minneapolis City Council Locations: New York, Anaheim , California, Minnesota, Minneapolis

☆ Disneyland character performers vote to unionize
▼ + stars: | 2024-05-19 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

Equity described the vote as “a landslide victory,” with 953 cast members favoring unionization and 258 opposed. There are more than 21,000 Disneyland “cast member” employees, who are represented by more than a dozen unions. “Whatever the outcome, we respect that our cast members had the opportunity to have their voices heard,” the spokesperson said. On the other side of the country, Disney World character actors have been represented by Teamsters since the 1980s. Today, Equity estimates they represent around 800 cast members at Disney World.

Persons: Donald, Goofy, Mickey Mouse, Snow White, Captain Hook, ”, Kate Shindle, “ Organizations: New, New York CNN, ’ Equity Association, Equity, National Labor Relations Board, Disneyland, Disney, ’ Equity, Walt Disney Company, Walt Disney, ”, CNN, Disneyland Resort, Teamsters Locations: New York, Anaheim , California, Orlando , Florida

☆ Minnesota lawmakers strike minimum pay deal for Uber, Lyft drivers
▼ + stars: | 2024-05-19 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —Minnesota government officials have struck a deal with rideshare companies Uber and Lyft to set minimum wage standards for drivers, lawmakers announced Saturday night. The rule was delayed after Lyft and Uber warned they would leave Minneapolis. State lawmakers have been focused on compromising with the companies before a July 1 deadline. Under the new agreement, the statewide minimum wage rate for rideshare drivers will be $1.28 per mile and $0.31 per minute. “We applaud the tens of thousands of riders & drivers who sent close to 100,000 emails to legislators — your voices were heard.

Persons: Uber, Lyft, Jamie Long, ” Long, ”, Erin Murphy, Josh Gold Organizations: New, New York CNN, Minnesota, Democratic, Minneapolis City Council, Governor Locations: New York, Minnesota, Minneapolis, State

☆ Universities continue to grapple with pro-Palestinian protests ahead of graduation ceremonies
▼ + stars: | 2024-05-18 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +6 min

New York CNN —Universities across the United States have adopted a number of tactics in recent weeks to prevent disruptions by pro-Palestinian protesters at graduation ceremonies. Some universities have reached agreements with on-campus demonstrators, while others have cited safety concerns and canceled, postponed or relocated their schoolwide ceremonies. Several schools continue to grapple with pro-Palestinian protesters ahead of their spring commencement, subjecting themselves to internal scrutiny and public criticism. Friday’s arrests follow the arrest of at least 33 people on May 10 when law enforcement broke down a pro-Palestinian encampment erected on campus. Biden is expected to deliver a commencement address at the United States Military Academy at West Point on May 25.

Persons: Fisher, Bennet, Monday’s, Gene Block, counterprotesters, “, grievously, Andrea M, Kasko, ”, Etienne Laurent, Mildred García, Mike Lee, …, Lee, ” Lee, García, ” Morehouse, David A, Thomas, Joe Biden’s, ” Thomas, CNN’s Victor Blackwell, Biden Organizations: New, New York CNN — Universities, University of Pennsylvania, CNN, Penn, Occupation, UCLA, Senate, University of California, California State University System, Sonoma State University, Justice, “, Morehouse College, Morehouse, George Mason University, United States Military Academy, West Locations: New York, United States, Palestine, Gaza, Israel, Sonoma State, Los Angeles, University of California Los Angeles, Atlanta, Virginia

☆ At 81, Paul McCartney is worth £1 billion for the first time
▼ + stars: | 2024-05-17 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

Paul McCartney has added another feather in his cap as the United Kingdom’s first billionaire musician, the Sunday Times reported in the 2024 edition of its annual Rich List, published Friday. According to the Times, the 81-year-old Beatles alum and his wife Nancy are worth £1 billion ($1.3 billion), up from £950 million ($1.2 billion) in 2023. Beyoncé earlier this year released her hit album “Cowboy Carter,” in which she reimagined the Beatles’ 1968 song “Blackbird,” originally written by McCartney. McCartney has released some music of his own over the past year: Last November, the Beatles released the chart-topping “Now and Then,” advertised as the group’s final song. McCartney famously sang that he doesn’t care too much for money, but the new album’s release is expected to give the rock star’s net worth another boost.

Persons: He’s, Paul McCartney, Nancy, Cowboy Carter, ”, McCartney, John Lennon’s, George Harrison’s, Ringo Starr’s Organizations: New, New York CNN, Kingdom’s, Sunday Times, Times, Billboard, Beatles, Wings Locations: New York, ”, Glastonbury

☆ How ESPN’s Jeff Darlington landed at the center of the Scottie Scheffler arrest story
▼ + stars: | 2024-05-17 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +4 min

Darlington and Scheffler had arrived at the course around the same time in preparation for the tournament. In a video posted on X an hour later, Darlington follows the police officers as they lead Scheffler away. He’s going to jail and there’s nothing you can do about it.” one officer told Darlington, referring to Scheffler. “The police officers around the patrol car in which Scottie Scheffler was in had no idea he was even Scottie Scheffler,” Darlington clarified on air. Attorney Steve Romines, who represents Scheffler, told CNN affiliate WLKY that the golfer bypassed police because of a misunderstanding.

Persons: Jeff Darlington, Scottie Scheffler, Scheffler, Darlington, –, ”, Dave Fleming, ” Darlington, ” Scheffler, He’s, Steve Romines, “, they’d, ” Romines Organizations: New, New York CNN, ESPN, PGA, Darlington, CNN, Louisville Metro Department of Corrections, WLKY, Valhalla Golf Locations: New York, Louisville , Kentucky, Scheffler, Valhalla, Darlington, Jefferson County

☆ Judge blocks Biden administration rule capping credit card late fees at $8
▼ + stars: | 2024-05-11 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

New York CNN —A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8. “Consumers will shoulder $800 million in late fees every month that the rule is delayed — money that pads the profit margins of the largest credit card issuers. The new rule would apply to large credit card issuers — those with more than 1 million accounts. The push to target credit card fees is part of the Biden administration’s efforts to ease financial burdens for many Americans. The new rule also intended to close a 2010 loophole the CFPB says has been “exploited” by credit card companies to hike fees on late payments.

Persons: Mark T, Pittman, Donald Trump, ”, Chuck Bell, Biden Organizations: New, New York CNN, Biden, US, Chamber of Commerce, Consumer Financial, CNN, of Commerce, Consumer Locations: New York, Fort Worth , Texas

☆ Warren Buffett holds first Berkshire Hathaway meeting without Charlie Munger
▼ + stars: | 2024-05-04 | by ( Nicole Goodkind | Eva Rothenberg | ) edition.cnn.com time to read: +3 min

Buffett will appear for the first time without his longtime business partner and friend Charlie Munger, who died in November. In 1978, Munger joined Berkshire Hathaway as vice-chairman and sat by Buffett’s side, quick with a quip or a sage piece of advice. Berkshire’s operating profits are expected to increase by 21% to $6,702 per Class A share, according to the FactSet estimates. Berkshire Hathaway reported a significant uptick in fourth-quarter operating earnings, which totaled $8.5 billion, up from $6.6 billion, or a 28% increase from a year ago. For the year, operating earnings rose to $37.3 billion, after setting a record of $30.8 billion in 2022.

Persons: Warren Buffett, Buffett, Charlie Munger, Greg Abel, Ajit Jain, Munger’s, Munger, ”, “, Charlie, Berkshire Hathaway, “ Charlie, Abel, Greg, ” Buffett, “ Greg Organizations: New, New York CNN, Berkshire Hathaway, Oracle, “, Berkshire Locations: New York, Woodstock, Nebraska, Berkshire, Omaha, “ Berkshire, The Omaha , Nebraska

☆ United Auto Workers-Daimler Truck agreement draws praise from Biden
▼ + stars: | 2024-04-28 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —President Joe Biden praised the United Auto Workers and Daimler Truck for reaching a tentative in the eleventh hour Friday night, preventing a potential strike affecting 7,300 workers. Daimler is a major manufacturer of trucks and buses, responsible for producing Thomas Built buses, one of the most popular brands of school buses in the United States. CNN has reached out to Daimler Truck for comment. The tentative agreement comes on the heels of increased momentum for the UAW. The subsequent contract negotiations won record pay increases for UAW members at the three companies.

Persons: Joe Biden, ” Biden, Shawn Fain, Thomas Organizations: New, New York CNN, United Auto Workers, Daimler, UAW, Facebook, CNN, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Toyota, Volvo, —, Motors, Ford Locations: New York, United States, Chattanooga , Tennessee, Vance , Alabama, Tuscaloosa

☆ Should the SAT still matter after all these years? Why some colleges are bringing it back
▼ + stars: | 2024-04-21 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +15 min

The longest-enduring standardized college admissions test in the nation, the SAT has faced decades of controversy over bias and criticism for reducing aspiring college students to a test score. Discrepancies with standardized testing appear to be symptomatic of the inequality endemic to the education system. In 2005, the College Board added an 800-point writing section to the exam alongside its math and verbal reasoning sections. In this Jan. 17, 2016 file photo, a sign is seen at the entrance to a hall for a college test preparation class in Bethesda, Md. Alex Brandon/APThe College Board told CNN it has also done away with its esoteric vocabulary in the past decade.

Persons: ”, Carl Brigham, Brigham, classism —, Daaiyah Bilal, Harry Feder, Barnes, Noble, Mario Tama, haven’t, Daniel Koretz, Koretz, Scott Eisen, Brown, ” Dartmouth, Ethan Hutt, Horace Mann, Warren K, Leffler, Alex Brandon, It’s, Rachel Rubin, Jack Schneider, ” Schneider, David Coleman, “, ” Coleman, it’s Organizations: New, New York CNN, National Center for Fair, Princeton, College Board, CNN, National Education Association, ACT, Ivy League, Harvard’s Graduate School of Education, Harvard’s, Dartmouth College, Yale, Dartmouth, Harvard, University of Florida, University of Texas, ” UT Austin, College Board's, University of North, Chapel Hill’s School of Education, Massachusetts, of, Phillips Exeter Academy, of Congress, Census, Board, UMass Amherst’s Center for Education, Holton Arms, The College Board, Khan Academy, The Locations: New York, New York City, United States, Guatemala, Hanover , New Hampshire, Georgetown, Austin, Dartmouth, University of North Carolina, Hutt, “, Boston, Harvard, Bethesda, Md, Iowa, Northeast

☆ Advertising restrictions can have harmful effects on women’s health. Here’s what one company is doing about it
▼ + stars: | 2024-04-14 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +10 min

And on social media sites like Instagram, ads for Frida products related to fertility and breast health have long been censored and removed. A February 2023 report published by Canada’s Alberta Women’s Health Foundation found that taboos around women’s health issues hurt women by reducing awareness of conditions like menstruation symptoms and loss of bladder control. According to Bird, the return on investment when it comes to funding women’s health is tremendous, “but the funding alone can’t do it. The science alone can’t do it.”“You actually have to be able to disseminate information about women’s health … at a level that can be understood. “You’re seeing that kind of decision-making around the advertisements being on social media, but in the general public, we talk about women’s bodies and women’s lives,” said Bird.

Persons: New York CNN —, Frida, Chelsea Hirschhorn, there’s, ”, “, ” Hirschhorn, Hirschhorn, Jackie Rotman, Meta, it’s, Critics, Chloe Bird, Bird, Sara Murray Jordan Organizations: New, New York CNN, CNN, CVS, Target, Walmart, ABC, Meta, Intimacy Justice, Federal Trade Commission, FTC, Canada’s, Canada’s Alberta Women’s Health Foundation, Center for Health Equity Research, Tufts Medical Center, Medicine, Tufts University School of Medicine Locations: New York, Instagram, Canada’s Alberta

☆ Google removes links to California news sites, citing proposed state law requiring payment to publishers
▼ + stars: | 2024-04-13 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +5 min

New York CNN —Google is removing links to California news websites in reaction to proposed state legislation requiring big tech companies to pay news outlets for their content, the company announced Friday in a blog post. “It’s time they start paying market value for the journalism they are aggregating at no cost from local media.”Charles F. Champion, the president and CEO of the California News Publishers Association, said Google is suppressing California news. Google has not responded to CNN’s request for comment about the current state of talks with the Canadian government. The company had a similar reaction to a 2021 Australian law that would require platforms to compensate Australian news outlets for using their content. Google said at the time it would pay publishers through its Google News Showcase instead of paying them for links.

Persons: Tempore Mike McGuire, ”, Assemblymember Buffy Wicks, “, Charles F, we’ve, CJPA, Jaffer Zaidi Organizations: New, New York CNN, Google, California Journalism, Meta, California, Pro, Tempore, ”, California News Publishers Association, Global, Australian Competition, Consumer Commission Locations: New York, California, America, Canada, Australian, Australia

☆ Robert MacNeil, legendary PBS News anchor, dies at age 93
▼ + stars: | 2024-04-12 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

New York CNN —Longtime broadcast journalist Robert MacNeil, who covered some of the biggest headlines of the 20th century and co-anchored PBS nightly news for two decades, died on Friday, PBS announced. MacNeil “was an incredibly erudite reporter, anchor and writer who raised the bar for serious journalism in America,” Sharon Percy Rockefeller, president of NewsHour Productions, said Friday in a news release. Arriving at PBS in the early 1970’s, MacNeil began a decades-long partnership with fellow journalist Jim Lehrer, according to PBS The two led PBS coverage of the Senate’s Watergate Hearings in 1973. In 1975, the pair co-founded the MacNeil/Lehrer Report, a show that would later become PBS NewsHour. MacNeil sat at the helm alongside Lehrer before leaving in 1995, according to PBS.

Persons: Robert MacNeil, MacNeil “, ” Sharon Percy Rockefeller, Jim Lehrer, MacNeil, John F, Kennedy, Lehrer, WETA, ”, “ Organizations: New, New York CNN, Longtime, PBS, NewsHour, NBC, WETA, Cuban Missile, MacNeil, Television, Writers ’ Conference Locations: New York, America, Montreal, Canada, Nova Scotia, London, Washington, DC, Dallas, WETA, United States

☆ US scientists are leaving academia. That’s bad news for drug companies
▼ + stars: | 2024-04-01 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +5 min

“Science postdocs perform the science,” Donna Ginther, an economist who studies the science labor market at the University of Kansas, told CNN. Biomedical companies take scientific contributions and, over time, aggregate them into a commercial product. Building on the discovery of mRNA in the 1960’s, the technology behind an mRNA vaccine for humans was in development for decades before the Covid-19 vaccine was first administered in 2020. By using that technology to develop their mRNA vaccines for Covid-19, pharmaceutical companies like Pfizer and Moderna made a windfall in profits. “That’s how they make money is through commercialization: they have a product, which they then patent and sell.”Why are scientists leaving academic labs?

Persons: postdocs, Donna Ginther, “ They’re, Michael Ciaglo, ”, “, Nobel, Dr, Katalin Kariko, ” Ginther, they’re, Ginther Organizations: New, New York CNN —, National Institutes of Health, NIH, National Science Foundation, University of Kansas, CNN, ”, Pfizer, Moderna, Wired Magazine, NSF, World Health Organization Locations: New York, United States, Denver , Colorado, Europe, Alzheimer’s

☆ AT&T says personal data from 73 million current and former account holders leaked onto dark web
▼ + stars: | 2024-03-30 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

New York CNN —AT&T has launched an investigation into the source of a data leak that includes personal information of 73 million current and former customers. In a news release Saturday morning, the telecommunications giant said the data was “released on the dark web approximately two weeks ago,” and contains information such as account holders’ Social Security numbers. “It is not yet known whether the data … originated from AT&T or one of its vendors,” the company added. “Currently, AT&T does not have evidence of unauthorized access to its systems resulting in exfiltration of the data set.”The data seems to have been from 2019 or earlier. The company said the leak shows approximately 7.6 million current account holders and 65.4 million former account holders were affected.

Persons: ” Organizations: New, New York CNN —, ’ Social, CNN Locations: New York

☆ Sam Bankman-Fried has to repay $11 billion. How can he possibly do that?
▼ + stars: | 2024-03-29 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +5 min

New York CNN —A federal judge on Thursday ordered Sam Bankman-Fried to repay more than $11 billion as part of his sentence for defrauding customers and investors in his failed crypto exchange FTX. In their sentencing memorandum earlier this month, federal prosecutors laid out their reasoning for seeking $11 billion in forfeiture. Unlike restitution, where the money from seized assets goes directly to victims, the money from forfeiture is taken by the government and absorbed into the US Treasury. It is unclear how much Bankman-Fried is currently worth, but it’s likely not anywhere near $11 billion. So far, the Department of Justice has redistributed about $4 billion to Madoff’s victims.

Persons: Sam Bankman, Fried, SBF, ” Mitchell Epner, “, ”, District Judge Lewis Kaplan, Anthony Capozzolo, Elizabeth Holmes, Holmes, Ramesh “ Sunny ” Balwani, Bernard Madoff, Peter Katz, Katz, they’ll, ” Katz Organizations: New, New York CNN, CNN, Treasury, District, “, of, Department of Justice’s, Department of Justice, Department Locations: New York, Eastern, of New York

New York CNN —A plane carrying 21 Americans fleeing Haiti arrived in Orlando, Florida, on Saturday night, the latest in a series of US-chartered flights from the embattled Caribbean nation, which has descended into chaos amid rampant gang violence and political instability. Hundreds of US citizens remain in Haiti and nearly 1,000 had filled out crisis intake forms as of March 19, State Department spokesperson Vedant Patel previously told CNN. On March 17, the State Department said it flew dozens of Americans from Cap-Haitien, a city on Haiti’s north coast, to Miami. On Wednesday, the State Department said it expects more than 30 Americans will be able to board the US government flights each day they are chartered. DeSantis said people traveling on the plane that landed in Florida would not be charged.

Persons: Kevin Guthrie, Ron, DeSantis, ” DeSantis, Floridians, Vedant Patel, Orlando, Guthrie, Ariel Henry, Santo Organizations: New, New York CNN, Emergency Management, ”, “, State, CNN, Orlando Sanford International, Federal, State Department, Haiti’s National Police, United Nations Locations: New York, Haiti, Orlando , Florida, Caribbean, Orlando, Florida, Haiti’s, Miami, Port, Santo Domingo, Dominican Republic

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