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☆ An influencer who scouts for VC firms breaks down 5 beauty industry trends to watch in 2023
▼ + stars: | 2023-03-20 | by ( Nhari Djan | ) www.businessinsider.com time to read: +6 min

The fund is the part of VC firm BrainTrust that invests in Black beauty and wellness companies. Newby shared her top five trends to watch in the beauty industry in 2023. "That would not have been enough time for a brand to to basically create an entire slugging product," Newby said. "I believe, contrary to many, that red carpet and Fashion Week beauty trends still drive a lot," Newby said. Black skincare brands are evolving their formulas, and will lead the clinical skincare industryAs an investor in Black founders, Newby has noticed that Black skincare brands are developing more advanced formulas.

☆ Nike's aggressive use of noncompetes is stifling hiring at rivals and startups sneaker brands, insiders say
▼ + stars: | 2023-03-18 | by ( Matthew Kish | ) www.businessinsider.com time to read: +7 min

President Biden and the FTC want to get rid of noncompete agreements. Some former Nike workers remain subject to them. The same could be said of sportswear workers in Portland, Oregon. The same day Biden spoke to the nation, at least three former Nike workers were waiting for their noncompete agreements to end, according to a search of LinkedIn profiles. In sportswear, noncompetes have historically been used to guard industry secrets, which brands fight to protect.

☆ Biden administration tells Supreme Court Big Oil climate cases belong in state court
▼ + stars: | 2023-03-17 | by ( Clark Mindock | ) www.reuters.com time to read: +2 min

SummarySummary Companies Solicitor general urged SCOTUS to reject Big Oil's appealFive appeals courts have supported state jurisdictionMarch 16 (Reuters) - A lawsuit filed by several Colorado municipalities accusing ExxonMobil Corp and Suncor Energy Inc. of exacerbating climate change belongs in state court where it was filed, the Biden administration told the U.S. Supreme Court on Thursday. The administration urged the justices to reject the oil companies’ petition for review of a February 2022 appeals court's ruling that sent the case back to state court, a venue generally considered more favorable to the municipal plaintiffs. The oil companies have denied the local and state governments' allegations and argued that despite the municipalities only raising state law claims, the cases clearly raise federal questions. The Supreme Court first considered the jurisdiction question in 2021 in case brought by the city of Baltimore. Circuit Court of Appeals to reconsider arguments for removal raised by the oil companies in that case, but didn't weigh in directly on which courts were proper.

☆ We run a senior-living center and are building a tiny home village so dozens of our employees can afford to live where they work
▼ + stars: | 2023-03-16 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +7 min

Maggie and John Randolph are building affordable housing in their Southern New Hampshire community. Now, they are going beyond that and building affordable housing for the community. The cool thing is those tiny homes will allow us to go well beyond our staff needs — we'll be able to start to support the community. John and Maggie Randolph in front of one of their tiny homes. If we don't build affordable housing, we're going to lose a lot of high school graduates and college graduates.

☆ Rhode Island woman wore a uniform with a Purple Heart and sought help as a veteran with cancer. She'd never served in the military.
▼ + stars: | 2023-03-16 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Sarah Jane Cavanaugh of Rhode Island has been sentenced to nearly six years in prison. Prosecutors alleged that Cavanaugh used her position as a social worker at a Veterans Affairs medical center in Rhode Island to access the military records of real veterans. She used them to claim military service, injuries, and illnesses, and to steal the awards of other veterans as her own — even though she never served in the military. Prosecutors said Cavanaugh used her official work "va.gov" email address in September 2021 to contact a San Diego-based company to buy the military medals. Someone involved with the nonprofit contacted a Rhode Island veterans medical center, which searched veterans databases, but was unable to find any records of Cavanaugh, court records show.

☆ Activist investor Icahn launches proxy fight at Illumina
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mike BlakeMarch 13 (Reuters) - Activist investor Carl Icahn on Monday launched a proxy fight at Illumina Inc (ILMN.O), saying the life sciences company's takeover of Grail Inc (GRAL.O) had cost shareholders about $50 billion since the closing of the deal. Shares of Illumina jumped more than 20% to $233.50 in morning trade, and have declined 7.2% since the deal closed in August 2021. Icahn plans to nominate three people to Illumina's board at the company's upcoming shareholder meeting, he said in a letter sent to shareholders. "We have therefore determined to launch a proxy contest to attempt to gain board representation," Icahn said, adding he feared the company's board will continue to pursue the Grail transaction. Icahn said his nominees - Vincent Intrieri, Jesse Lynn and Andrew Teno - would help keep Illumina from "sinking further".

☆ New data shows car thefts are on the rise — here's how auto insurance can help
▼ + stars: | 2023-03-12 | by ( Elizabeth Gravier | Jason Stauffer | ) www.cnbc.com time to read: +9 min

The NICB recommends drivers check to make sure their car insurance policy is up to date, but don't assume that your policy will cover your stolen car. You'll need comprehensive coverage to cover theftWith the exception of New Hampshire and Virginia, every state requires you to have a car insurance policy to drive. One of CNBC Select's top picks, Farmers Insurance, makes coverage cheaper with 22 discounts on car insurance. Take steps to prevent auto theftEven if you do have comprehensive coverage, having your car stolen isn't ideal. While you can take steps to prevent car theft, you'll need to have comprehensive coverage if you want theft to be covered.

☆ Nike's use of noncompetes threatens to stifle hiring at rivals and startup sneaker brands
▼ + stars: | 2023-03-10 | by ( Matthew Kish | ) www.businessinsider.com time to read: +7 min

☆ How to Read Your Pay Stub
▼ + stars: | 2023-03-09 | by ( ) www.wsj.com time to read: +14 min

So residents of these states may have to work a little harder to track their earnings if their employer elects to forgo sharing pay stub documents. Only residents of California, Hawaii, New York, Rhode Island, New Jersey, and Puerto Rico will see this on their pay stub, according to Greene-Lewis. 10. pretax DeductionsDepending what workplace benefits are offered by your company and which ones you’ve elected to participate in, you may see pretax or before-tax deductions listed on your pay stub in addition to the various taxes you must pay. There is also another kind of common FSA you might be contributing to that could appear on your pay stub: the dependent-care FSA. Any after-tax withholding your employer makes should be noted on the pay stub.

☆ US weekly jobless claims post largest rise in 5 months; labor market still tight
▼ + stars: | 2023-03-09 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

"Even after factoring in the latest increase, jobless claims are exceptionally low by historical standards, underscoring just how tight labor market conditions still are," said Michael Pearce, lead U.S. economist at Oxford Economics in New York. The four-week moving average for new claims, a better measure of labor market trends as it irons out weekly fluctuations, climbed 4,000 to 197,000 last week. Claims had stayed below 200,000 for seven straight weeks, indicating that high-profile job cuts in the technology sector had not had a material impact on the labor market. Goldman Sachs believed residual seasonality accounted for about half of last week's rise in claims. The labor market is, however, cooling on the margins.

☆ Mapping California’s ‘Zombie’ Forests
▼ + stars: | 2023-03-06 | by ( Elena Shao | ) www.nytimes.com time to read: +8 min

NEVADA Sacramento Stable conifer forests San Francisco Mismatch Less than five percent of conifer forests historically occurred in current climate. Sacramento Stable conifer forests Mismatch San Francisco Less than five percent of conifer forests historically occurred in current climate. San Jose Fresno CALIFORNIA Pacific Ocean NEVADA Bakersfield Area of detail CALIF. 50 MILES Reno NEVADA Sacramento Severe mismatch Stable conifer forests Less than one percent of conifer forests historically occurred in current climate. Note: The data looks at changes in conifer forests across the Sierra Nevada between the 1930s and the 2010s. They found that during that time period, the Sierra Nevada’s conifer forests had, on average, shifted about 112 feet higher in elevation.

☆ SEC Chair Gensler says 'Scope 3' emissions disclosures aren't 'well developed,' hinting they could be scaled back in climate rule
▼ + stars: | 2023-03-06 | by ( Chelsey Cox | ) www.cnbc.com time to read: +5 min

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, testifies before the Senate Banking, Housing and Urban Affairs Committee during an oversight hearing on Capitol Hill in Washington, September 15, 2022. WASHINGTON — SEC Chair Gary Gensler hinted again Monday that the agency was considering scaling back its emissions disclosure rule. The SEC received a record 15,000 or so comments on the rule, "more than we've gotten on any other role in the history of our commission," Gensler said. Gensler has previously said the agency was considering making "adjustments" to the rule, given the volume of public comments. But a group of Democratic lawmakers are pressing Gensler not to drop Scope 3 disclosures from the final rule.

☆ US labor market stays resilient; Q4 labor costs revised higher
▼ + stars: | 2023-03-02 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Those worries were further heightened by another report from the Labor Department on Thursday showing labor costs grew much faster than previously estimated in the fourth quarter. The labor market remains tight despite rising risks of a recession, contributing to keeping inflation elevated via solid wage gains. But even using alternative seasonal adjustments, economists say the labor market still is exhibiting tightness. A second report from the Labor Department showed unit labor costs - the price of labor per single unit of output - grew at a 3.2% annualized rate last quarter. Labor costs accelerated at a 6.9% rate in the third quarter, and notched hefty gains in the prior two quarters.

☆ US labor market remains tight; Q4 labor costs revised higher
▼ + stars: | 2023-03-02 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

Those worries were further heightened by another report from the Labor Department on Thursday showing labor costs grew much faster than previously estimated in the fourth quarter. The labor market remains tight despite rising risks of a recession, contributing to keeping inflation elevated via solid wage gains. A second report from the Labor Department showed unit labor costs - the price of labor per single unit of output - increased at a 3.2% annualized rate last quarter. Labor costs rose at a 6.9% rate in the third quarter, and notched hefty gains in the prior two quarters. The unemployment rate at 3.4% in January was the lowest in more than 53 years.

WASHINGTON — The U.S. House Foreign Affairs Committee voted Wednesday to advance a bill that would grant President Joe Biden the authority to ban TikTok, the Chinese social media app used by more than 100 million Americans. Yet even as Democrats objected, many of them said they did so regretfully, and they would have much preferred to support a version of McCaul's TikTok ban. "My bill empowers the administration to ban TikTok or any other software application that threatens U.S. national security." "It would be unfortunate if the House Foreign Affairs Committee were to censor millions of Americans," TikTok spokeswoman Brooke Oberwetter told CNBC in an email Monday. On Monday, the Biden administration released new implementation rules for a TikTok ban that applies only to federal government-owned devices, which was passed by Congress in December.

☆ States Sue FDA Over Access to Abortion Pill
▼ + stars: | 2023-02-25 | by ( Talal Ansari | ) www.wsj.com time to read: 1 min

Mifepristone has emerged as a battleground after the Supreme Court overturned Roe v. Wade. A dozen states are suing the Food and Drug Administration over what they say are unnecessary regulations on the abortion pill mifepristone. The lawsuit was filed Friday in the U.S. District Court for the Eastern District of Washington by the Democratic attorneys general of Washington, Oregon, Nevada, Delaware, Arizona, Illinois, Connecticut, Colorado, Vermont, New Mexico, Michigan and Rhode Island.

☆ Meet the ex-Goldman banker who relaunched the XFL with The Rock
▼ + stars: | 2023-02-25 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +2 min

Dealmaker Gerry Cardinale is betting on it, along with Dwayne "The Rock" Johnson and the star's business partner Dany Garcia. The XFL, previously owned by Vince McMahon, had been forced to cancel its season – its first in 19 years – due to the pandemic. In order to deliver NFL-quality football, the XFL inked an exclusive partnership with the NFL Alumni Academy to find top players. "Dwayne, Dany, and I think we can do that in five." READ THE FULL PROFILE: How Gerry Cardinale became the go-to dealmaker for the Yankees, AC Milan, and Ben Affleck

☆ 12 Democratic-led states challenge restrictions on abortion pill
▼ + stars: | 2023-02-25 | by ( ) www.cnbc.com time to read: +3 min

Twelve Democratic-led states have sued the Food and Drug Administration to challenge certain federal restrictions imposed on the distribution of the abortion pill mifepristone, saying those limits are not supported by evidence. Mifepristone, in combination with the drug misoprostol, was approved in 2000 by the FDA for medication abortion in the first 10 weeks of pregnancy. The decision enabled more than a dozen Republican-led states to adopt new abortion bans. The FDA's special restrictions on mifepristone are imposed under a safety program meant to minimize the risk of potentially dangerous drugs. After last year's Supreme Court ruling, President Joe Biden directed federal agencies to expand access to medication abortion.

☆ Gen Z women expect to make $6,200 less than men after graduating—salary transparency could help
▼ + stars: | 2023-02-24 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

Their latest Gen Z salary transparency report found that, after surveying 1,853 Gen Z jobseekers, women expect a $6,200 lower average salary compared to men. "I was surprised that women are still asking for less money and have lower salary expectations," Workman tells CNBC Make It. Though women have historically been paid less than men, the gap has narrowed significantly since 1960. What's more, for every dollar paid to white dads, Black, Native American, and Latina moms earn 52 cents, 49 cents, and 47 cents, respectively. Several states, cities, and counties across the country have already passed legislation making salary transparency a requirement, including California, Colorado, Connecticut, Maryland, Nevada, Rhode Island, Washington and New York City.

☆ Democratic attorneys general sue FDA to drop all remaining restrictions on abortion pill
▼ + stars: | 2023-02-24 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

A coalition of a dozen Democratic attorneys general sued the Food and Drug Administration on Friday to force the agency to drop all remaining restrictions on the abortion pill, the latest case in an escalating series of legal battles over access to the medication. The attorneys general asked a federal court in the eastern district of Washington to declare that the abortion pill, mifepristone, is safe and effective and that all remaining restrictions on the medication are unconstitutional. The attorneys general of Arizona, Colorado, Connecticut, Delaware, Illinois, Michigan, Nevada, New Mexico, Rhode Island and Vermont were also part of the suit. The attorneys general also asked the court to prevent the FDA from taking any action that would remove mifepristone from the market or reduce its availability. The FDA approved mifepristone in 2000, but imposed restrictions on how the medication is dispensed.

Companies U.S. Food and Drug Administration FollowFeb 24 (Reuters) - Twelve Democratic-led states have sued the U.S. Food and Drug Administration to challenge certain federal restrictions imposed on the distribution of the abortion pill mifepristone, saying those limits are not supported by evidence. Mifepristone, in combination with the drug misoprostol, was approved in 2000 by the FDA for medication abortion in the first 10 weeks of pregnancy. The decision enabled more than a dozen Republican-led states to adopt new abortion bans. The FDA's special restrictions on mifepristone are imposed under a safety program meant to minimize the risk of potentially dangerous drugs. After last year's Supreme Court ruling, Democratic President Joe Biden directed federal agencies to expand access to medication abortion.

☆ Merrick Garland's stonewalling about multiple investigations is annoying lawmakers on both sides of aisle ahead of his Capitol Hill visit
▼ + stars: | 2023-02-23 | by ( Warren Rojas | Mattathias Schwartz | ) www.businessinsider.com time to read: +4 min

Lawmakers on both sides of the aisle want Merrick Garland to debrief them about DOJ investigations. Garland is scheduled to join the Senate Judiciary Committee on March 1 for a general oversight hearing — his first of the 118th Congress. In early February, both Durbin and his Republican counterparts leading the House Judiciary Committee requested briefings about McGonigal. The Senate letter requested information from Garland and FBI Director Christopher Wray; the House letter was addressed to Wray but not Garland. "Everything is on the table," a staff member from House Judiciary told Insider.

☆ Biden Interior proposes first offshore wind lease sale in Gulf of Mexico
▼ + stars: | 2023-02-22 | by ( Emma Newburger | ) www.cnbc.com time to read: +1 min

The Biden administration on Wednesday proposed the first-ever offshore wind lease sale in the Gulf of Mexico as part of a larger plan to install offshore wind sites along the country's coasts. The proposed lease sale is part of the Interior Department's plan to deploy 30 gigawatts of offshore wind energy capacity by the end of the decade, which would be enough to power 10 million homes. The announcement also follows the agency's approval of the first two commercial scale offshore wind projects in the U.S. The proposed lease areas could collectively power nearly 1.3 million homes with clean energy, the Interior said. Last year, the administration released a five-year offshore drilling plan allowing some lease sales in the Gulf of Mexico.

☆ Sen. Sheldon Whitehouse demands more transparency on gifts, food, lodging and entertainment that federal judges and Supreme Court justices receive
▼ + stars: | 2023-02-22 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +5 min

Sen. Sheldon Whitehouse sent a letter to an agency demanding more information on ethics rules for federal judges. Unlike lower federal judges, Supreme Court justices are not bound by a code of conduct. In a new letter obtained by Insider, Whitehouse demanded answers on how the justices and all other federal judges disclose hospitality they receive, including gifts, food, lodging and entertainment. The letter is a follow-up to a lengthy back-and-forth in recent years between Whitehouse and the agency on the judges' ethics rules. The American Bar Association also urged the Supreme Court this month to adopt ethics rules similar to those followed by all other federal judges.

☆ Rhode Island Rep. David Cicilline to Step Down June 1
▼ + stars: | 2023-02-21 | by ( Eric Bazail-Eimil | ) www.wsj.com time to read: 1 min

Rep. David Cicilline was first elected to Congress in 2011. Rep. David Cicilline (D., R.I.) said Tuesday he will leave Congress on June 1 to serve as the president and chief executive of the Rhode Island Foundation, a move that could trigger a competitive showdown between Democrats to fill the seat. “Serving the people of Rhode Island’s First Congressional District has been the honor of my lifetime,” Mr. Cicilline said. In his new role, he said he looks forward to “expanding on the work I have led for nearly 30 years in helping to improve the lives of all Rhode Islanders.”

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