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☆ Opinion | What Donald Trump and Reality Winner Have in Common
▼ + stars: | 2023-06-11 | by ( Oona A. Hathaway | ) www.nytimes.com time to read: +4 min

Mr. Trump and his defenders argue that the indictment against him is politically motivated. The key difference between the legal situations of Mr. Biden and Mr. Pence and that of Mr. Trump is not politics. investigation found that out of 30,000 emails sent to the State Department, 110 emails in 52 email chains contained classified information. But only “a very small number” of the emails contained classification markings that would have signaled the presence of classified information. Unless Mr. Trump pleads guilty (which seems very unlikely), it will be up to a jury to determine his guilt.

Persons: Trump, Biden, Mike Pence, Mr, Pence, Hillary Clinton, Mrs, Clinton, James Comey, ” Organizations: Penn Biden Center, Justice Department, Trump, State Department Locations: Wilmington, Del, Indiana, United States

☆ CNBC Daily Open: Winds of change are blowing, but the haze remains
▼ + stars: | 2023-06-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Chris Licht relinquished his position as CNN's CEO and left the company, Warner Bros Discovery, the parent company of CNN, said Wednesday morning. So it was perhaps not surprising that investors were relieved by his departure, as indicated by the 8.43% jump in Warner Bros ' shares. Cohen is known as "the god figure of the meme-stock community," a Reddit user, who preferred to be anonymous for fear of retaliation, told CNBC.

Persons: Chris Licht, Licht's, Donald Trump, Matthew Furlong, Ryan Cohen, Cohen, GameStop's Organizations: Penn, Empire, CNBC, Warner Bros Discovery, CNN, Warner Bros, GameStop Locations: New York City, New York

☆ Opinion | Golf’s Antitrust Problem Just Got Bigger
▼ + stars: | 2023-06-07 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

Sports leagues love competition, except against one another. The leagues make more money when they don’t have to compete for talent and audience. The PGA Tour will appoint a majority of the board and hold a majority voting interest in the combined entity. But the Saudi sovereign wealth fund, the Public Investment Fund, will start out as the exclusive investor in the entity, and Yasir al-Rumayyan, the wealth fund’s governor, will be the entity’s chairman. In this case the PGA Tour looks more swallowed than swallowing, but Ross told me, “From the branding point of view the PGA Tour was a monopoly and it will still be the dominant organizer with its new huge partner.”

Persons: LIV, Yasir al, it’s, That’s, ” Stephen Ross, Ross, ” Organizations: Saudi, LIV Golf, The Times, Public Investment Fund, Penn State Law Locations: Saudi Arabia, Europe, Saudi

☆ ChatGPT’s responses to suicide, addiction, sexual assault crises raise questions in new study
▼ + stars: | 2023-06-07 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +7 min

And regulators could help monitor that such responses offer accurate and reliable information and resources. They’re underutilized already,” said John Ayers, an author of the study and a behavioral scientist at the University of California, San Diego. He said that now, while ChatGPT is still in development, is the time for public health experts and regulators to join forces with the chatbot’s developers to help curate responses to medical questions. The chatbot provided resources in two responses to a question about addiction, two responses for questions related to interpersonal violence and one response to a mental health-related question. “ChatGPT consistently provided evidence-based answers to public health questions, although it primarily offered advice rather than referrals,” the researchers wrote in their study.

Persons: They’re underutilized, ”, John Ayers, ChatGPT, “, –, ” Ayers, ” ChatGPT, “ ChatGPT, Ayers, Dr, Mike Hogarth, Sanjay Gupta, David Asch, Asch, ” Asch, he’d, Deidre McPhillips Organizations: CNN, JAMA, University of California, UC San Diego, Anonymous, Mental Health Services Administration National, Prevention, UC San Diego School of Medicine, Eating Disorders Association, CNN Health, University of Pennsylvania, Penn Medicine Center, Health Care Innovation Locations: San Diego, United States

☆ Amtrak CEO: Pandemic delayed profitability by years
▼ + stars: | 2023-06-06 | by ( Greg Wallace | ) edition.cnn.com time to read: +2 min

Instead, CEO Stephen Gardner asked a congressional subcommittee on Tuesday to tolerate losses for several more years for the federally funded rail system while the company and country invest billions into improving passenger rail service. “Financial performance is not Amtrak’s sole objective,” CEO Stephen Gardner said in his written testimony to a House Transportation subcommittee. Amtrak CEO Stephen Gardner, left, accompanied by Northeast Corridor Commission Executive Director Mitch Warren, right, speaks during a House Transportation subcommittee hearing on Capitol Hill in Washington, Tuesday, June 6, 2023. Amtrak is also developing new lines of service to connect fast-growing regions and growing frequencies on existing routes. Subcommittee Chairman Troy Nehls, a Texas Republican, said Amtrak needed to prioritize its existing network over adding new routes.

Persons: Stephen Gardner, Gardner, Mitch Warren, Andrew Harnik, We’re, ” Gardner, Troy Nehls, ” Nehls Organizations: CNN, Amtrak, “, Transportation, Penn Central, Corridor Commission, Capitol, Long Distance, Texas Republican Locations: Washington, Texas

☆ Lecher Actress Victim Spy
▼ + stars: | 2023-06-04 | by ( Alexandra Jacobs | ) www.nytimes.com time to read: +1 min

LUCKY DOGS, by Helen SchulmanThat Harvey Weinstein hired a private international spy agency called Black Cube to help squash stories about his sex crimes always seemed stranger than fiction. In an author’s note, Helen Schulman states explicitly that her seventh novel, “Lucky Dogs,” was inspired by two players in this globe-spanning chapter of the Weinstein saga. “How could one woman do this to another woman?” Schulman had wondered, reading ragefully about the case. The question might sound naïve: Has she not seen the foundational Hollywood text “All About Eve”? But her imagined answer, in the form of this book, is deeply knowing, properly indignant and — maybe the best revenge — very funny.

Persons: Helen Schulman, Harvey Weinstein, ”, Weinstein, Rose McGowan, Stella Penn Pechanac, McGowan, ” Schulman, Eve ”, Schulman, refashioned McGowan, Meredith “ Merry ”, who’s Organizations: Twitter Locations: Meredith “ Merry ” Montgomery, Paris

☆ Rectal Cancer Patients Could Be Spared the Brutal Effects of Radiation
▼ + stars: | 2023-06-04 | by ( Gina Kolata | ) www.nytimes.com time to read: +1 min

That was why researchers took another look at the standard treatment for rectal cancer. But the radiation puts women into immediate menopause and damages sexual function in men and women. Yet radiation treatment, the study found, did not improve outcomes. For colon and rectal cancer specialists, the results can transform their patients’ lives, said Dr. Kimmie Ng, a co-director of the colon and rectal cancer center at the Dana-Farber Cancer Institute, who was not an author of the study. “Now, especially, with patients skewing younger and younger, do they actually need radiation?” she asked.

Persons: Kimmie Ng, Dana, Dr, John Plastaras Organizations: Farber Cancer Institute, Penn Medicine Abramson Cancer Center

☆ US telecom companies say not in talks with Amazon for wireless services
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +3 min

June 2 (Reuters) - Major U.S. wireless carriers on Friday said they not in talks with Amazon.com Inc (AMZN.O) to offer low-cost wireless services to its Prime members. "AT&T is not in discussions with Amazon to resell wireless services," a company spokesperson said. Verizon spokesperson the company "is not in negotiations with Amazon regarding the resale of (Verizon's) wireless network. Brandon Nispel of KeyBanc Capital Markets said Dish Network, a relatively new entrant in wireless, could be the most likely partner for Amazon. They also rallied in May after a Wall Street Journal report that Dish was in talks to sell its wireless plans through Amazon.

Persons: Christopher Ali, Brandon Nispel, Michael Ashley Schulman, Yuvraj Malik, Aditya Soni, Tanya Jain, Akash Sriram, David Shepardson, Sheila Dang, Nivedita Bhattacharjee Organizations: Major U.S, Amazon.com Inc, Wireless, Bloomberg News, Amazon, Dish Network, Verizon, Mobile, Penn State University, AT, KeyBanc, Journal, U.S, Running, Capital Advisors, Thomson Locations: Major, Bengaluru, Washington, Dallas

☆ Opinion | Fareed Zakaria on Where Russia’s War in Ukraine Stands — and Much More
▼ + stars: | 2023-06-02 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +96 min

Obviously, the line is not perfect, but I think that’s a very sensible line. And I don’t think that’s all about absorption capability. But I don’t think it’s fair to say that the Russians have done everything they can. fareed zakaria[LAUGHS] And by the way, I think that’s some key to understanding the alliance is a personal one. I think India, Israel, and Poland — usually, in the 70 percent-plus say they like — have a favorable view of America.

Persons: ezra klein, it’s, Fareed Zakaria, Zakaria, “ Fareed Zakaria, fareed zakaria, Ezra, Putin, They’ve, there’s, fareed zakaria It’s, they’re, It’s, Fidel Castro, Sean Penn, haven’t, you’re, won’t, Biden, They’re, Washington, Winston Churchill, Merkel, wouldn’t, —, Nancy Gibbs, Khomeini, Macron, Ron DeSantis, YouGov, fareed zakaria I’m, that’s, DeSantis, Lindsey Grahams, Mitch McConnell, Xi Jinping, ezra klein Yes, Xi, Gorbachev, Zelensky, Trump, Obama, Bush, United States —, McCarthy’s, I’ve, they’d, doesn’t, didn’t, ezra klein They’re, fareed zakaria They’re, we’ve, Simpson, I’m, Janet Yellen, Colin Powell, unquote, That’s, Jonathan Haidt, We’ve, he’s, fareed zakaria That’s, they’ve, fareed zakaria Well, gee, TikTok, we’re, George Kennan, Mike Gallagher, klein, Nirupama Rao, Bob Kagan, can’t, — fareed zakaria, Lord Mountbatten, Gandhi, Franklin Roosevelt, Ho Chi Minh, fareed zakaria Right, narratively —, Modi, you’ve, China’s —, fareed zakaria Modi, India’s, Advani, Vajpayee, you’d, There’s, India, Joe Biden, fareed zakaria I’ve, Benedict Anderson’s “, Orville Schell, John Delury, Sunil Khilnani, ezra klein Fareed Zakaria Organizations: CNN, The Washington Post, Putin, Starbucks, Russia, Revolutionary Guard, NATO, Ukrainian, Communist, European Union, U.S, Republican Party’s, Republican Party, Republicans, ASEAN, Trump, Defense, United, U.S ., Democrats, Chinese Communist Party, State, Facebook, Google, Soviet Union, Huawei, Twitter, South China Seas, Foreign Affairs, Yale Law, International Criminal, South China, . Security, Trade Organization, Pax Americana, Americana, New York Fed, America, Republican, Fox, Beijing Locations: ezra klein Russia, Ukraine, Russia, America, Europe, China, India, Russian, United States, Relatedly, Japan, Turkey, Holland, South Korea, Singapore, Iran, Venezuela, Central America, Southeast Asia, Washington, Britain, ‘, U.S, United Europe, Germany, Soviet Union, Vietnam, Beijing, Trump, Asia, Iraq, Hainan, Montana, Republic, Soviet, weirdly, South, Taiwan, Pakistan, New Delhi, South Africa, Kuwait, Russia’s, Eden, Saudi Arabia, Indonesia, Kashmir, it’s, Cuba, Pax, American, Mumbai, Shanghai, Israel, Poland, Indian, Nigeria

Three major chemical companies on Friday said they would pay more than $1 billion to settle the first in a wave of claims that they and other companies contaminated drinking water across the country with so-called forever chemicals that have been linked to cancer and other illnesses. The companies — Chemours, DuPont and Corteva — said they had reached an agreement in principle to set up a $1.19 billion fund to help remove toxic perfluoroalkyl and polyfluoroalkyl substances, or PFAS, from public drinking water systems. Bloomberg News also reported on Friday that 3M had reached a tentative deal worth “at least $10 billion” with U.S. cities and towns to resolve related PFAS claims. Sean Lynch, a spokesman for 3M, declined to comment on the report, which cited people familiar with the deal without naming them. They have sought billions of dollars in damages to deal with the health impacts and the cost of cleaning up and monitoring polluted sites.

Persons: —, Corteva —, “, Sean Lynch Organizations: DuPont, Bloomberg News, 3M

☆ Nike Chief Design Officer tells college grads to embrace what makes you different. 'I view my dyslexia as a gift to see the world differently.'
▼ + stars: | 2023-06-02 | by ( Matthew Kish | ) www.businessinsider.com time to read: +3 min

Nike Chief Design Officer John Hoke recently gave a commencement address at Penn State. Nike wrote him back. "Through my education at Penn State, I came to better understand myself and realize, in fact, that my superpower became wonder," Hoke said. I did not expect an answer, but surprisingly, Nike wrote me back. "I have that letter framed in my office in Beaverton, and it still makes me smile," he said.

Persons: John Hoke, Hoke, Phil Knight, —, John Hoke III, Knight, I've Organizations: Nike, Penn State, Service, Penn State's College of Arts and Architecture, Nike Air Locations: Beaverton

☆ US telecom stocks fall on report Amazon in talks for wireless services
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

Bloomberg News reported that Amazon was negotiating to get the lowest possible wholesale prices and could offer wireless plans for $10 a month or lower to Prime members through these partnerships. AT&T declined to comment, while T-Mobile said it was not in discussions with Amazon for inclusion of its wireless in Prime service. The details of the potential deals between Amazon and the wireless carriers were not immediately known. Dish's shares were an outlier in telecom stocks with a gain of 22%. The company's shares had also soared in May after a Wall Street Journal report that it was in talks to sell its wireless plans through Amazon.

Persons: Christopher Ali, Brandon Nispel, Yuvraj Malik, Tanya Jain, Akash Sriram, Aditya Soni, Sheila Dang, Nivedita Bhattacharjee Organizations: Verizon Communications Inc, Mobile US Inc, Inc, U.S, Bloomberg News, Amazon, Penn State University, Verizon, Mobile, KeyBanc, Markets, Dish Network Corp, Journal, Thomson Locations: Amazon, Bengaluru, Dallas

WASHINGTON, June 1 (Reuters) - The bipartisan debt-ceiling deal that could clear Congress as soon as Thursday would stave off an imminent U.S. default, but might deliver less budget savings than Republicans have hoped for, according to nonpartisan budget analysts. The agreement ensures that President Joe Biden will not have to grapple with another debt-ceiling showdown until after the November 2024 election. That is less than the $4.8 trillion Republicans had initially sought, but still the largest deficit-reduction package since a 2011 deal that emerged from a similar debt-ceiling showdown. That would put more $1 trillion of the deal's anticipated savings at risk, according to the Penn Wharton Budget Model, a research group. The deal increases spending on defense and veterans' care, even as it aims to clamp down on other discretionary programs.

Persons: Joe Biden, Kevin McCarthy, MacGuineas, Biden, Veronique de Rugy, George Mason University's, Penn Wharton, McCarthy, Emily Gee, Andy Sullivan, Scott Malone, Alistair Bell Organizations: Penn Wharton Budget, White, Internal, Service, Office, Republican, SNAP, Social Security, Center for American, Thomson Locations: U.S, Washington

The climate crisis is becoming a financial crisis. This month, the largest homeowner insurance company in California, State Farm, announced that it would stop selling coverage to homeowners. That’s not just in wildfire zones, but everywhere in the state. “We’re just now seeing it.”In parts of eastern Kentucky ravaged by storms last summer, the price of flood insurance is set to quadruple. In Louisiana, the top insurance official says the market is in crisis, and is offering millions of dollars in subsidies to try to draw insurers to the state.

Persons: That’s, ”, Roy Wright, “ We’re Organizations: State Farm, . Insurance, Federal Emergency Management Agency, Insurance Institute, Business, Home Locations: California, Kentucky, Louisiana

☆ Why does Wall Street expect a rate hike in June?
▼ + stars: | 2023-05-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

CNN —Wall Street expects the Federal Reserve to raise interest rates in June. Not only that, it finally believes the central bank when it says it likely won’t cut rates this year. Futures traders expected a roughly 66% chance of a quarter point rate hike in June as of Friday afternoon, according to the CME FedWatch Tool. That’s a drastic about-face from even earlier this month, when Wall Street expected the central bank to slash rates multiple times this year starting as early as this summer. “If it comes in hotter than expected, it almost locks a rate hike in” for June, said Heppenstall.

☆ Credit ratings agencies like Moody's decide the US credit rating. Here's what you need to know
▼ + stars: | 2023-05-27 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

CNN —Credit rating agencies are once again in the spotlight amid the ongoing high-stakes debt ceiling negotiations in Washington. What is the purpose of credit rating agencies? Put simply, credit rating agencies provide their opinions and issue a score evaluating the likelihood that a borrower will repay its debt. Rating agencies first rose to prominence over a century ago, but today, the three major agencies dominate the market. Bonsall has studied the effectiveness of credit rating agencies and their possible conflicts of interest.

☆ Wes Anderson, Ken Loach among contenders for Cannes Film Festival's top prize
▼ + stars: | 2023-05-27 | by ( ) www.reuters.com time to read: +2 min

[1/3] The 76th Cannes Film Festival - Press conference for the film "Asteroid City" in competition - Cannes, France, May 24, 2023. Director Wes Anderson speaks. REUTERS/Yara NardiCANNES, May 27 (Reuters) - Veteran directors Wes Anderson, Ken Loach and Wim Wenders are among those in the running for the Cannes Film Festival's coveted Palme d'Or at Saturday's closing ceremony, with 21 films in competition for the top prize. This year has a record seven female directors in the running for the top prize, which only two women have previously won - Jane Campion in 1993 and Ducournau in 2021. More than 14,000 participants from over 120 countries crowded the film market this year, surpassing 2019's previous peak of 12,500.

☆ Sean Penn: Studios' AI stance in Hollywood writers strike a 'human obscenity'
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

[1/2] The 76th Cannes Film Festival - Press conference of the film "Black Flies" in competition - Cannes, France, May 19, 2023. Cast member Sean Penn attends. REUTERS/Gonzalo FuentesCANNES, May 19 (Reuters) - Actor Sean Penn said on Friday he supported striking Hollywood writers and called studios' rejection of their demand to restrict the use of artificial intelligence in writing scripts a "human obscenity". "There are a lot of new concepts that are being tossed about, you know, including the use of AI," Penn said at a press conference at the Cannes Film Festival. The Writers Guild of America is seeking to restrict the use of AI in writing scripts.

☆ Sean Penn, Tye Sheridan reunite on screen in Cannes competitor 'Black Flies'
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

[1/5] The 76th Cannes Film Festival - Screening of the film "Black Flies" in competition - Red Carpet Arrivals - Cannes, France, May 18, 2023. Sean Penn, Tye Sheridan and Director Jean-Stephane Sauvaire... Read moreCANNES, May 18 (Reuters) - Sean Penn and Tye Sheridan are reunited on the big screen after more than a decade in "Black Flies," a gritty tale about New York City paramedics that premiered in Cannes on Thursday. The two actors previously appeared together in 2011's Palme d'Or winner "The Tree of Life," directed by Terrence Malick. Oscar-winning Penn, 62, plays veteran paramedic Rutkovsky while Sheridan, 26, known for his role as Cyclops in the X-Men film series, stars as Cross, who is just starting in the field. Former boxer Mike Tyson, Michael Pitt from "Funny Games," and Katherine Waterston of "Inherent Vice" also have parts.

☆ I'm a college student from the UK studying abroad in the US. From frat parties to sporting events, my social life is much better here.
▼ + stars: | 2023-05-18 | by ( Jules Adamska | ) www.businessinsider.com time to read: +4 min

I'm a college student at a university in Scotland who's studying abroad in California right now. I was surprised to learn that frat parties are fun and going to bars is better here in the US. Back in the UK, college sports matches weren't popular among my friends. But I quickly learned frat parties aren't so bad. Moreover, the "mean girls" I expected to meet at frat parties have yet to make an appearance for me.

☆ EU pushes forward with post-Brexit forum for EU, UK financial regulators
▼ + stars: | 2023-05-17 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

Britain's EU exit largely severed its financial sector's previously unfettered access to the bloc, raising concerns over London's role as a global financial centre. As part of Brexit terms, the EU agreed to formalise cooperation between financial watchdogs. The MoU will create a joint EU-UK Financial Regulatory Forum, similar to one the EU already has with the United States. Joanna Penn, treasury minister in the UK parliament's upper house, welcomed the "positive move" given how EU and UK financial markets are deeply interconnected. The EU has granted 'equivalence' or EU market access to derivatives clearing houses in London until the end of June 2025.

☆ Move over McKinsey: This Gen Z founder is offering fellow grads an alternative to delayed start dates at consulting firms
▼ + stars: | 2023-05-16 | by ( Alexandra York | ) www.businessinsider.com time to read: +6 min

He's attracting fellow 2023 graduates whose start dates were delayed at major consulting firms. These delays mean recent grads won't be pulling in big salaries from the major consulting firms — at least not right away. InstagramForced to rethink their futuresMany business students follow a traditional path from the Ivy League to top investment-banking or consulting firms. One, who has an offer to start at McKinsey in February, told Ou he is considering going to law school instead. By assisting gig workers, Ou expects Talentifyr's workers will see a direct and positive impact from their work.

☆ Biden administration defends immigrant labor while sending 1,500 troops to the border
▼ + stars: | 2023-05-16 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +4 min

President Biden is sending 1,500 troops to the southern border. Yet, his secretary of Homeland Security says employers "are desperate for workers." The COVID-era rule expired May 11, so the Biden administration is now sending troops to tamp down on border crossings. Despite taking such measures to police the border, Biden's Department of Homeland Security argued on the day that Title 42 ended that immigrant labor is needed to address America's labor shortage. As a result, native workers who dropped out of high school and typically earn $25,000 annually saw their earnings drop by between $800 and $1,500 each year, he estimated.

☆ Jim Cramer: An economic wave is about to hit that will be fantastic for investors
▼ + stars: | 2023-05-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

Ultimately, I have gotten to know my way around the CPI and it's a sloppy way to figure out pricing. Don't be frightened of the wave of deflation or misinterpret it as anything but fantastic for investors. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Biden administration rules released on Friday that will determine which companies and manufacturers can benefit from new solar industry tax credits are being criticized by U.S.-based makers of solar products, who say the guidelines do not go far enough to try to lure manufacturing back from China. The Treasury Department, in guidance issued on Friday, said it would offer a 10 percent additional tax credit for facilities assembling solar panels in the United States, even if they import the silicon wafers used to make those panels from foreign countries. Under the Biden administration’s new climate legislation, solar and wind farms can apply for a 30 percent tax credit on the costs of their facilities. Senior administration officials told reporters on Thursday that they were trying to take a balanced approach, one that leaned toward forcing supply chains to return to the United States. But China’s dominance of the global solar industry has created a tricky calculus for the Biden administration, which wants to promote U.S. manufacturing of solar products but also ensure a plentiful supply of low-cost solar panels to reduce carbon emissions.

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