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☆ The US government won’t quit Elon Musk
▼ + stars: | 2023-11-20 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +5 min

CNN —Condemning Elon Musk is easy. On Friday, the White House joined the uproar over Musk’s endorsement of an antisemitic conspiracy theory on X. On Monday, the White House announced it would be joining X rival Threads, which is owned by Meta, as backlash to Musk intensifies. Musk faced backlash a year ago when he had complained about the cost of that service. The White House bragged early this year that after months of negotiations, Tesla would open up part of its charging network to non-Tesla EVs.

Persons: Elon, Andrew Bates, Bates, Musk, ”, David Sanger, Eric Lipton, ” John Kirby, ” Kirby, Kirby, CNN’s Kristin Fisher, Pat Ryder, Lloyd Austin, He’s, CNN’s Chris Isidore, Tesla Organizations: CNN, NASA, Pentagon, Twitter, White House, Warner Bros, Meta, New York Times, White, SpaceX, National Security, House, Reliant, SpaceX The, Starlink, ” Locations: Ukraine

And the White House and Pentagon both know that. Mr. Musk, rather than apologize, has threatened lawsuits. But SpaceX is privately held, entirely controlled by Mr. Musk. (Tesla, his electric vehicle company, is publicly held.) And so far, while the White House has been outspoken, the Pentagon has been silent.

Persons: Musk, Lockheed Martin —, Tesla, ” Walter Isaacson, Musk’s, ”, Lockheed Martin Organizations: House, Pentagon, Raytheon, Boeing, Lockheed, IBM, Apple, Warner Bros, Twitter, SpaceX, Mr, White, U.S, United Launch Alliance Locations: United States

☆ Indian authorities contact Thai cave rescue team as urgency increases to reach trapped men
▼ + stars: | 2023-11-16 | by ( Rhea Mogul | ) edition.cnn.com time to read: +6 min

Rescue teams inside the Uttarakhand tunnel on November 14, 2023. Uttarakhand State Disaster Response Force/Handout/ReutersAuthorities said they were exploring all options to reach the men, including contacting teams experienced in delicate rescue missions. “The rescue team has contacted the Thailand company which had rescued the children trapped in the cave,” it added. Twelve boys and their soccer coach were rescued after nearly three weeks trapped inside the flooded Tham Luang cave by a specialist cave diving team in 2018. Indian authorities have also reached out to the Norwegian Geotechnical Institute (NGI) to get advice, the statement said.

Persons: ”, Kirti Panwar, NGI, “, –, Manish Khalkho, ” Khalkho, B.S, Pokriyal, Narendra Modi’s Char Organizations: New, New Delhi CNN, Thai, soccer, Disaster, Reuters Authorities, Uttarkashi, CNN, Institute, Indian Railways, Authorities, India’s, Management Authority, Rescuers, National Highways, Infrastructure Development Corporation Locations: New Delhi, Uttarakhand, Norway, Thailand, Thai, Narendra Modi’s Char Dham, China, India, Mizoram, Bihar

☆ Amazon to Stop Selling Seven Eyedrops After F.D.A. Warning
▼ + stars: | 2023-11-15 | by ( Amanda Holpuch | More About Amanda Holpuch | ) www.nytimes.com time to read: +1 min

Amazon said on Wednesday that it was removing seven eyedrops products from its website after the Food and Drug Administration warned the company that the eyedrops had not been recognized as safe and effective. said in a letter to Andrew Jassy, Amazon’s chief executive, on Monday that Amazon had violated federal regulations by selling the eyedrops, which claimed to help with problems including pink eye, dry eyes, eyestrain and floaters. “These products are especially concerning from a public health perspective,” the F.D.A. letter said. “Ophthalmic drug products, which are intended for administration into the eyes, in general pose a greater risk of harm to users because the route of administration for these products bypasses some of the body’s natural defenses.”The eyedrops named in the letter are: Similasan Pink Eye Relief, The Goodbye Company Pink Eye, Can-C Eye Drops, Optique 1 Eye Drops, OcluMed Eye Drops, TRP Natural Eyes Floaters Relief, and Manzanilla Sophia Chamomile Herbal Eye Drops.

Persons: Andrew Jassy, Manzanilla Sophia Organizations: Food and Drug Administration, Amazon, Eye

☆ Trump’s extreme rhetoric conjures the prospect of a presidency like no other
▼ + stars: | 2023-11-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —Donald Trump is promising a second presidency that would be an aberration in American history. And Trump’s ambitions should be taken seriously because one year from the election, President Joe Biden’s reelection hopes are far from secure. He dehumanizes his political enemies, has discredited the legal, political and electoral system, has demonized the press and has targeted vulnerable members of society, minorities and immigrants, as scapegoats. With questionable historic comparisons, Trump’s critics only fuel his bid to provoke the outrage that is essential to his political appeal. Nikki Haley have only criticized Trump obliquely, understanding there’s no market in the modern Republican Party for confronting Trump’s lawlessness.

Persons: Donald Trump, Trump, Joe Biden’s, “, ” Trump, ”, “ Donald Trump parroted, Adolf Hitler, Benito Mussolini, Ammar Moussa, he’s, he’ll, else’s, Biden, —, Bill Clinton, Barack Obama, there’s, Bob Dole, Mitt Romney, institutionalists, Republican Party isn’t reining, Trump’s, Mike Pence, Chris Christie, Asa Hutchinson, Ron DeSantis, Nikki Haley, South Carolina Sen, Tim Scott, Susie Wiles, Chris LaCivita, …, Mark Milley, who’s, Jack Smith’s, –, Abraham Lincoln’s, George Washington’s, ” Smith Organizations: CNN, White, Veterans, Trump, New York Times, Republican, Democratic, Capitol, Republican Party, GOP, Florida Gov, South Carolina Gov, Justice Department, Conservative Political, Conference, Univision, Joint Chiefs, Staff, NBC News, MSNBC, Abraham Lincoln’s Gettysburg Locations: New Hampshire, Gaza, Ukraine, China, Russia, Europe, America, South Carolina

☆ Sweet spot for HRT may reduce dementia risk by nearly a third, study says
▼ + stars: | 2023-11-02 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +8 min

Just how harmful or helpful hormone replacement therapy may be also depends on the type of hormones that are prescribed, especially at older ages. Estrogen-only hormone therapy can be prescribed if the uterus has been removed via hysterectomy. Scientists are developing a new generation of hormone replacement called selective estrogen receptor modulator, or SERM. Scientists are working on new forms of hormone replacement therapy that go directly to the brain, thus making them safer for menopausal women. In addition, some women are not candidates for hormone replacement therapy, perhaps due to family history, heart conditions or clotting disorders.

Persons: hasn’t, “, ”, Lisa Mosconi, Mosconi, Richard Isaacson, ” Isaacson, gynecologists, midlife, ” Mosconi Organizations: CNN, Weill Cornell Medicine, “ Locations: New York City, midlife, Florida

☆ Virginia Erroneously Purged Nearly 3,400 From State’s Voter Rolls
▼ + stars: | 2023-11-01 | by ( Chris Cameron | More About Chris Cameron | ) www.nytimes.com time to read: +1 min

Election integrity has become a key issue in Virginia, with conservative activists using next week’s election as a testing ground for a larger strategy to detect voter fraud in the 2024 election. The affected voters were people previously convicted of felonies who had their voting rights restored after completing their sentences, according to the state’s Department of Elections, and a software error misclassified probation violations as new felonies that would automatically strip the residents of their voting rights under Virginia law. Mr. Youngkin, who took office last year, had rescinded policies enacted by previous governors that automatically restored voting rights to residents who had completed felony sentences. Lyn McDermid, Virginia’s secretary of administration, said that the governor had asked the state’s inspector general to investigate the “causes and circumstances” of the purge of the voter rolls. The potential election impact is likely to be small among the more than six million Virginians registered to vote.

Persons: Brennan, Youngkin, Lyn McDermid, Ragnar Organizations: state’s Department, Elections, Brennan Center for Justice, Virginians, Ragnar Research Partners Locations: Virginia

☆ Shein acquires British fast fashion brand Missguided as it looks to expand global reach
▼ + stars: | 2023-10-30 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Shein has bought British fast fashion brand Missguided from the Frasers Group as the company looks to expand its market share and global reach ahead of a rumored U.S. initial public offering, the companies announced Monday. As part of the deal, Shein will license Missguided's intellectual property to Sumwon Studios, a joint venture between Shein and Missguided founder Nitin Passi. Sumwon will manage and operate the Missguided brand. The brand gained prominence when it went viral for selling £1 bikinis and became a major player in British fast fashion. "Shein aims to reignite the Missguided brand, capitalising on its unique brand personality, and fuelling its global growth through SHEIN's on-demand production model, unparalleled e-commerce expertise and global reach."

Persons: Shein, Frasers, Nitin Passi, Sumwon, Missguided, Donald Tang Organizations: Frasers Group, Sumwon Studios, Frasers, Forever, Sparc Group, Authentic Brands Group, Simon Property, CNBC Locations: British, Shein, SHEIN's

Energy Secretary Jennifer Granholm will be in Arizona to talk about power grid and clean energy investment in the rural Southwest. Veterans Affairs Secretary Denis McDonough plans to visit Iowa to discuss improving access to medical care for veterans in rural areas. Health and Human Services Secretary Xavier Becerra will be in North Carolina talking about health care access in rural areas. Acting Labor Secretary Julie Su will be in Pennsylvania to discuss boosting employment opportunities in rural areas. U.S. Trade Representative Katherine Tai will head to Indiana to discuss how international trade can benefit rural farmers and producers.

Persons: Joe Biden, Dean Phillips of, Biden, Phillips, Tom Vilsack, White, Vilsack, Deb Haaland, Jennifer Granholm, Denis McDonough, Isabel Guzman, Miguel Cardona, Xavier Becerra, Julie Su, Katherine Tai Organizations: WASHINGTON, Democratic Rep, Dean Phillips of Minnesota, Administration, White, Smart Commodities, Agriculture Department, Farmers of, Energy, Southwest . Veterans, Small Business Administration, Education, Human Services, Labor, U.S . Trade Locations: Minnesota, America, Indiana, Farmers of America, Wyoming, Colorado, New Mexico, Arizona, Southwest, Iowa, Georgia, New Hampshire, North Carolina, Pennsylvania, U.S

☆ Management of bankrupt Volta Trucks seeking buyer - source
▼ + stars: | 2023-10-19 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

A Volta Zero electric truck is seen during the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 6, 2023. REUTERS/Angelika Warmuth Acquire Licensing RightsCompanies Volta Trucks AB FollowLONDON, Oct 19 (Reuters) - The management of bankrupt electric truck maker Volta Trucks is urgently seeking a buyer to take the company out of administration and help it complete the ramp-up to mass production, a source familiar with the issue told Reuters. The startup had picked a factory in Austria to make its trucks and had been working toward mass production. Representatives of executives at Alvarez & Marsal Europe (A&M), who have been appointed as bankruptcy administrators for Volta Trucks' UK operations, could not be reached for comment. A few, including EV parts supplier Proterra and electric pickup truck maker Lordstown Motors, have begun bankruptcy proceedings.

Persons: Angelika Warmuth, Nick Carey Organizations: REUTERS, Volta, Reuters, Volta Trucks, Management, Alvarez, Marsal Europe, EV, Lordstown Motors, Thomson Locations: Munich, Germany, Sweden, United Kingdom, Austria

New Delhi/Hong Kong CNN —An executive at Vivo, one of China’s top smartphone makers, has been arrested in India in connection with a money laundering probe, raising fears of a renewed crackdown on Chinese businesses in the country. Guangwen Kuang, the head of administration at Vivo India, was taken into custody on Tuesday by India’s Enforcement Directorate (ED), his lawyer, Mudit Jain, told CNN. The ED is the country’s main financial crimes investigation agency, responsible for probing money laundering and violations of foreign exchange laws. Despite the regulatory crackdown, Vivo is still India’s second biggest smartphone brand, commanding 17% of the market in the second quarter, according to Counterpoint Research. Authorities in India later banned Chinese apps and subjected deals with Chinese firms to greater scrutiny.

Persons: Guangwen Kuang, Mudit Jain, Kuang, “, Xiaomi, ” Organizations: Hong Kong CNN, Vivo, Vivo India, India’s, CNN, Jain, Samsung, Research, Global Times Locations: New Delhi, Hong Kong, India, Vivo, China, China’s, Vedika

NEW ORLEANS (AP) — Plans by the Port of South Louisiana to purchase what was once a major New Orleans area shipyard for construction of military vessels have been delayed. The port announced in January its intent to purchase the old Avondale Shipyard site from the current owner, port terminal operator T. Parker Host. However, The Times-Picayune/The New Orleans Advocate reported Wednesday that the purchase has been put off after port officials faced questions last month from the state Bond Commission. Host bought the site in 2018, roughly four years after the shipyard that once employed thousands was shuttered. The proposed purchase would require more than $400 million in public financing.

Persons: Parker, Paul Matthews, Tony Ligi, Bond Commission “, John Schroder, Jay Dardenne, Matthews, hasn't Organizations: ORLEANS, Port, Avondale Shipyard, The Times, New, New Orleans Advocate, Bond Commission, Host, “, Treasury, ”, Administration, Avondale Locations: Port of South Louisiana, New Orleans, Avondale

☆ Man with handgun seeking governor arrested in Wisconsin Capitol, returns with assault rifle
▼ + stars: | 2023-10-05 | by ( ) www.cnbc.com time to read: +2 min

A man illegally brought a handgun into the Wisconsin Capitol, demanding to see Gov. Tony Evers, and returned at night with an assault rifle after posting bail, a spokesperson for the state said Thursday. The man was demanding to see the governor, who was not in the building at the time, Warrick said. The man was taken into custody for openly carrying a firearm in the Capitol, which is against the law, Warrick said. The governor's office typically does not respond to questions about security issues.

Persons: Tony Evers, Tatyana Warrick, Warrick, Dane Count Jail, Evers, Britt Cudaback, Gretchen Whitmer, Mitch McConnell, Whitmer Organizations: Wisconsin Gov, Wisconsin Capitol, Gov, Capitol, of Administration, Madison police, Democrat, Wisconsin, Michigan Gov Locations: Wisconsin, Madison, Wis, Dane

☆ United Steelworkers union chief Tom Conway dies at 71
▼ + stars: | 2023-09-25 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

(Reuters) -Thomas Conway, international president of the United Steelworkers (USW) union that represents 850,000 North American steel, paper, health, education and oil workers, has died at the age of 71, the USW said on Monday. Slideshow ( 2 images )Conway joined the union in 1978 at a Bethlehem Steel plant in northwestern Indiana and became its top negotiator and later president in 2019. “Any company that had gone up against Tom in negotiations knew they would not get away with any B.S.,” said Wright. In 2017, he told a union convention that workers must be prepared to act on their demands. But when the fights do come, we can win those fights,” Conway said.

Persons: Thomas Conway, Conway, Michael Wright, “, Tom, ”, Wright, ” Conway, Jess Kamm Broomell, “ Tom, David McCall Organizations: Reuters, United Steelworkers, Bethlehem Steel, U.S . Air Force, ”, Cleveland Cliffs, U.S . Steel, Steel Locations: American, Indiana, Ohio, Pittsburgh

☆ Green energy’s tailwinds blow the other way
▼ + stars: | 2023-09-22 | by ( Peter Thal Larsen | ) www.reuters.com time to read: +7 min

Falling costs, cheap capital and supportive politicians helped propel a headlong rush into renewable power. As relations with China deteriorate, the United States and Europe are increasingly concerned about the country’s grip on parts of the green energy supply chain. In recent roundtable discussions moderated by Breakingviews on both sides of the Atlantic, participants expressed optimism about the momentum of investment in green energy. The IRA has unleashed a green energy boom. The world can ill afford to relax its embrace of green power.

Persons: Rishi Sunak, –, Joe Biden’s, Jared Cohen, Goldman Sachs, Breakingviews, carmaker Ford, Rishi Sunak’s, Pennsylvania’s Penn, George Hay, Sharon Lam, Aditya Sriwatsav Organizations: Britain's, Downing, Reuters, Global, International Energy Agency, International Renewable Energy Agency, Energy, Commission, Applied Innovation, Goldman, Amperex Technology, Companies, British, MIT’s Center for Energy, Environmental, Research, University, Pennsylvania’s, Thomson Locations: London, Ukraine, U.S, China, United States, Europe, People’s Republic, Vietnam, Mexico

☆ Sam Bankman-Fried's dad emailed his son that he didn't know 'what to say' after finding he'd be paid $200,000 instead of $1 million by FTX — then looped in SBF's mom, lawsuit claims
▼ + stars: | 2023-09-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's dad was not happy about his $200,000 salary at now-bankrupt crypto firm FTX, a lawsuit claims. In emails cited in the lawsuit, Joseph Bankman said he believed he would be paid $1 million by FTX. He then looped in Barbara Fried, his partner and Bankman-Fried's mom. Bankman and Fried enjoyed the benefits of more than $90,000 in expenses, paid for by FTX Trading, for their Bahamas residence." FTX group and Bankman-Fried's trading firm Alameda Research filed for bankruptcy in November 2022 with the founder stepping down from his role as CEO.

Persons: Sam Bankman, Joseph Bankman, Barbara Fried, FTX, Bankman, Fried, Gee, Sam, Barbara, Sean Heckler, Michael Tremonte, Joe Organizations: FTX, Service, Alameda Ltd, Stanford University, Alameda Research Locations: Wall, Silicon, FTX, Alameda, Bahamas

☆ FTX sues Sam Bankman-Fried's parents, aims to claw back some of the $26 million in gifts and property
▼ + stars: | 2023-09-19 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

Barbara Fried, mother of Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, leaves the courthouse, after a U.S judge revoked Bankman-Fried's bail, New York, Aug. 11, 2023. Bankrupt crypto exchange FTX is looking to claw back luxury property and "millions of dollars in fraudulently transferred and misappropriated funds" from the parents of Sam Bankman-Fried, the exchange's disgraced ex-CEO and founder. The filing characterizes the correspondence as Bankman lobbying his son to "massively increase his own salary." Bankman-Fried himself independently faces multiple wire and securities fraud charges related to the alleged multibillion-dollar FTX fraud. Bankman and Fried "either knew — or ignored bright red flags revealing — that their son, Bankman-Fried, and other FTX Insiders were orchestrating a vast fraudulent scheme," the lawsuit said.

Persons: Barbara Fried, Sam Bankman, Allan Joseph Bankman, Fried, Sam's, Bankman, Gee, Sam, Barbara, Damian Williams, Joe, Ray Organizations: Bankruptcy, District of, FTX, Administration, Stanford University, Group, Stanford Law School, The U.S . Department of Justice, Bankman, CNBC Locations: New York, U.S, District of Delaware, Bahamas, Alameda, The, Manhattan, Bankman

WASHINGTON (AP) — The Biden administration said Thursday that Egypt's poor human rights record hasn't improved, but it won't withhold as much military aid as it did last year regardless. Egypt has been a top recipient of U.S. military aid since it signed a U.S.-brokered peace deal with Israel in 1979. Congress in recent years has attached restrictions meant to pressure Egyptian leaders to curb human rights abuses to a comparatively small portion of the more than $1 billion in annual military aid to the country. Rights groups and some congressional Democrats had urged the Biden administration to take a hard line against Egypt on human rights, while some lawmakers said strategic interests should be prioritized. U.S. officials said the decision announced Thursday did not signal that the U.S. believed Egypt had made progress on human rights.

Persons: —, Biden, Abdel Fattah el, ” Amr Magdi, ” Magdi, Hisham Kassem, Sen, Chris Murphy, Sisi, Kassem, Jamal Khashoggi, “, Matthew Lee Organizations: WASHINGTON, U.S, State Department, Human Rights, Connecticut Democrat, Freedom, U.S . State Department, PEN, Amnesty International, Amnesty, Saudi, Newsweek Locations: Egypt, U.S, Israel, Connecticut, Taiwan, Ukraine, PEN America, Saudi Arabia

☆ Analysis: A year on, Europe less fearful of U.S. green subsidies push
▼ + stars: | 2023-08-17 | by ( Jan Strupczewski | Thomson Reuters | Jan Is The Acting Bureau Chief In Brussels. He Has Been Covering European Union Policy | ) www.reuters.com time to read: +6 min

Solar panels are seen atop a hops plantation in the Bavarian Holledau region in Au, Germany, June 19, 2023. And already, those subsidies are flowing: German conglomerate Thyssenkrupp (TKAG.DE) will invest around 3 billion euros ($3.27 billion) in a proposed green steel plant in Duisburg, Germany, including over 2 billion euros in state subsidies given EU approval in late July. But it noted the U.S. model also had uncertainty built in because a change of administration could end IRA subsidies. The complexity of EU financing through the recovery fund means it is available only to bigger companies, leaving smaller firms struggling to benefit. ($1 = 0.9184 euros)Reporting by Jan Strupczewski; editing by Mark John and Susan FentonOur Standards: The Thomson Reuters Trust Principles.

Persons: Louisa, Joe Biden's, Biden, Niclas Poitiers, Jan Strupczewski, Mark John, Susan Fenton Organizations: REUTERS, United States, Union, Biden, EU, Zero Industry, European Commission, Sovereignty Fund, Ukraine, Russian, EV, Zero, Thomson Locations: Bavarian, Au, Germany, EU, BRUSSELS, United, Europe, Ukraine, Brussels, United States, Duisburg, U.S, France, China

☆ Opinion | Let’s Have a Face-Off on Trump’s Indictment
▼ + stars: | 2023-08-10 | by ( David French | ) www.nytimes.com time to read: +2 min

The latest Trump indictment is much more complicated than the first two Trump indictments and probably any indictment that would come out of Fulton County, Ga. It attacks a scheme that played out across several weeks, in several states, involving dozens of others, including Trump-allied activists, those cited as co-conspirators and G.O.P. hacks who tried to overturn the 2020 election in state after state. Donald Trump conspired with a number of other individuals to overturn an election that he knew he lost. Let’s just start with the word “knew.” You’re going to present evidence that a number of administration officials and others rendered an opinion that the election was fair and that Joe Biden won.

Persons: Donald Trump, Trump, Let’s, ” You’re, Joe Biden, We’re Organizations: Trump, Electoral Locations: Fulton County ,, Georgia

☆ Bud Light maker Anheuser-Busch to lay off hundreds of corporate staff
▼ + stars: | 2023-07-27 | by ( Stefan Sykes | ) www.cnbc.com time to read: +3 min

An employee adjusts bottles of Bud Light beer at an Anheuser-Busch InBev facility in Virginia, Aug. 8, 2018. Beverage giant Anheuser-Busch InBev announced it will lay off hundreds of corporate employees as sales of its flagship lager Bud Light falter. Bud Light sales have sagged following a conservative boycott over its March Madness partnership with transgender social media influencer Dylan Mulvaney. Bud Light had 7% market share during that same period, the data found. The firm also found Bud Light sales dropped 28% for the week ending June 24 when compared with the same period last year.

Persons: Bud Light, Busch, Brendan Whitworth, Bud, influencer Dylan Mulvaney, Mulvaney, Bump Williams, Ron DeSantis, DeSantis, Bud Light's, —, Kevin Breuninger Organizations: Anheuser, Busch InBev, Beverage, CNBC, Busch, Constellation Brands, Modelo, Bud Light, Florida Gov, State Board of Administration, Mulvaney Locations: Virginia, U.S, Florida

A Biden administration source said such conversations with service providers about their requirements have been constant during the implementation of the caps. The price cap bans Western companies from providing services such as transportation, insurance and financing for the oil sold above the cap. Treasury uses a monthly average of prices to calculate the Urals price, which means it may be a while before the Russian oil price can be considered over the cap. 'POLICY PICKLE'The administration, however, is set to move slowly, wary of creating ripples in a market that could send rising global oil prices higher. "But there won't likely be a dramatic change unless oil prices stay high for a while."

Persons: Biden, We’ve, Joe Biden, Wally Adeyemo, Elizabeth Rosenberg, Adeyemo, Ben Cahill, Cahill, Timothy Gardner, Marguerita Choy Organizations: Group, European Union and Australia, Treasury, Foreign Assets, RUSSIA, The State Department, EU, Center for Strategic, International Studies, Thomson Locations: Washington, Ukraine, U.S, Urals, India, China, Russia, Europe, Russian, Eastern

☆ Here’s how Bud Light became the latest corporate bogeyman for Ron DeSantis
▼ + stars: | 2023-07-21 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +10 min

Partnering with a young, popular trans woman could help a brand like Bud Light reach a more youthful demographic. But because Bud Light managed to alienate everyone, it hasn’t gotten the benefit of a buycott. In the week ending on July 8, Bud Light sales, by dollar, fell nearly 24% year-over-year, according to data provided by Williams. Others are more breezy, showing people enjoying Bud Light despite the inconveniences of summer (sunburn, thunderstorm). Bud Light is “coming back,” said Marcel Marcondes, AB InBev’s chief marketing officer, during the Cannes Lions International Festival of Creativity in June.

Persons: Ron DeSantis, Bud Light, influencer Dylan Mulvaney, Bud, BUD, “, Mulvaney, Lamar Taylor, “ prudently, DeSantis, Taylor, Scott Olson, Bud Light’s, Dylan Mulvaney, Anheuser Bush, — Anheuser, Brendan Whitworth, ”, LIV, Rob Carr, buycotts, hasn’t, Bump Williams, Williams, Busch, Whitworth, ” Whitworth, Marcel Marcondes, ” Daniel Korschun, ” Korschun, Erin Reed, Elon Musk, he’s Organizations: New, New York CNN, Florida Gov, Republican, Bud Light, Anheuser, Busch InBev, State Board of Administration, AB InBev, CNN, Busch, “ Anheuser, Gallup, — Anheuser Busch’s, America, Trump National Golf Club, Modelo Especial, InBev’s, Cannes Lions International, Creativity, Drexel University, InBev, Republicans, Target, Twitter, Tesla, Disney Locations: New York, Florida, Sterling , Virginia, Central Florida

Ron DeSantis has told his government to investigate whether Bud Light's parent company breached its duties to shareholders as a conservative backlash continues to rage over the beer brand's deal with transgender social media influencer Dylan Mulvaney. Shares of AB InBev are down about 2% this year, while the broader market is up. Sales of Bud Light have plummeted in the wake of conservative uproar and a boycott over the Mulvaney partnership. The firm also found Bud Light sales are down by about 25% from last year. Mulvaney has criticized Bud Light for not standing by her during the boycott.

Persons: Ron DeSantis, Bud Light's, influencer Dylan Mulvaney, DeSantis, Lamar Taylor, Bud Light, Bump, Bud, there's, Florida's, Disney, Donald Trump's, Taylor, Mulvaney, I've Organizations: Florida, United, Israel Summit, Crystal Gateway Marriott, Florida Gov, Republican, State Board of Administration, SBA's, InBev, Constellation Brands, Especial, Anheuser, Busch InBev, CNBC, Fox, Disney, Trump, GOP, NBC Locations: Arlington , Virginia, U.S, Florida

☆ White House wants aviation bill to include new consumer protections
▼ + stars: | 2023-07-17 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The House is set to vote this week on legislation authorizing funding for the Federal Aviation Administration (FAA), but Republicans excluded many consumer protections sought by Democratic President Joe Biden. The White House said in a statement of administration policy that "the disclosure requirements currently in place for passenger tickets are necessary to help consumers comparison shop for a ticket." Most carriers voluntarily committed last August to provide hotels or meals but resisted providing cash compensation for delays. The White House also expressed concern in the statement about the House bill's proposal to raise the mandatory commercial pilot retirement age to 67 from 65 - a change opposed by major aviation unions. "Making this change without doing research and establishing any necessary policies would be outside the international standard," the White House said.

Persons: Joe Biden, Jan Schakowsky, Alexandria Ocasio, Cortez, Schakowsky, Biden, May, David Shepardson, Will Dunham Organizations: Monday, Republicans, Federal Aviation Administration, FAA, Democratic, Transportation Department, European Union, White, Thomson Locations: Alexandria

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