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☆ Indy500: How to watch ‘the biggest sporting event in the world’ where Katherine Legge will be the only woman on the start line
▼ + stars: | 2023-05-28 | by ( Thomas Schlachter Don Riddell | Thomas Schlachter | Don Riddell | ) edition.cnn.com time to read: +7 min

After two weeks of testing, practice and qualifying, the drivers are now ready to start their engines and step on the gas ahead of the 2023 Indy 500. “It is the biggest sporting event in the world, right?” British driver Katherine Legge told CNN Sport’s Don Riddell. Katherine Legge is taking part in her third Indy 500 this weekend. Darron Cummings/APHow to watchHeld on Sunday May 28, the Indy 500 is broadcast live from 9:00 a.m. Legge called the achievement “awesome.”The driver set an incredible average speed of 231.07 miles per hour when racing for the Rahal Letterman Lanigan Racing team.

☆ Asian shares rise as investors cheer US debt ceiling agreement
▼ + stars: | 2023-05-28 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Asian stocks mostly rose on Monday as investors cheered an agreement in principle between the White House and House Republicans to raise the US debt ceiling that could avert a cataclysmic default. The index has rallied more than 20% this year, outpacing global benchmark indexes including the S&P 500 and the Stoxx 600. WTI crude, a US benchmark, rose 0.9% to $73.32 a barrel. The agreement seems to mark “a significant progress in the US debt ceiling situation,” said Jun Rong Yeap, an analyst at IG. China and Japan are the largest foreign holders of American debt, owning a combined $2 trillion in US Treasuries.

☆ Alberta Election Tests Conservatives’ Hard-Right Turn
▼ + stars: | 2023-05-26 | by ( Ian Austen | Amber Bracken | ) www.nytimes.com time to read: +1 min

Sitting at a cafe terrace overlooking a park commemorating the birthplace of the vast oil industry in the western Canadian province of Alberta, Audrey Cerkvenac and Ernestine Dumont, wrestled with a political dilemma. In a province long the epicenter of Canada’s conservative politics, the two older women had been unwavering conservative supporters. But now, as Monday’s provincial election approached, they said they had been turned off by the strident right turn the province’s conservative party had taken as it ruled Alberta during the pandemic, fueled by extremist protests against Covid restrictions and baseless claims about vaccines. The hard-right turn of the United Conservative Party has put a province that was once a sure win for Canada’s conservatives up for grabs in Monday’s elections. Beyond a referendum on the ideological shift of the party, the vote could also serve as a gauge of the conservative standing nationwide.

☆ American jailed for spying by China rubbed shoulders with senior Chinese officials, CNN reporting shows, CNN reporting shows
▼ + stars: | 2023-05-16 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

“He’s a very famous person, known by many overseas Chinese in the southern US,” Tang said. Reports published by Chinese-language media in Texas and China’s state media show Leung’s long-running access to senior Chinese officials. In 2014, he met with the director of Jiangsu Provincial Overseas Chinese Affairs Office during a visit to Nanjing, the provincial capital. This photo shows John Leung with Wang Hua, the former director of Jiangsu Provincial Overseas Chinese Affairs Office. It also comes as American and Chinese officials are resuming high-level engagements since a dispute over a suspected Chinese spy balloon shattered efforts to mend ties earlier this year.

CNN —The United States and Western nations including the United Kingdom and Germany on Monday skipped an event at the United Nations marking the 75th anniversary of the dispossession of Palestinians after Israel called for a boycott. The commemoration was boycotted by Israeli officials, who also urged diplomats of other nations not to participate. Erdan said he has managed to convince “a number of countries” to boycott Monday’s event. The UN’s website for the event and a video it posted about the Nakba largely avoided mention of Israel, focusing instead on the suffering of the Palestinians. “We will be sending thousands and thousands of complaints to the International Criminal Court” if Israel and its supporters fail to take responsibility for the Nakba, Abbas warned.

☆ Biden Nominates Monica Bertagnolli to Run National Institutes of Health
▼ + stars: | 2023-05-15 | by ( Liz Essley Whyte | ) www.wsj.com time to read: 1 min

Dr. Monica Bertagnolli, a surgeon by training, previously taught at Harvard Medical School. Photo: Jeff Chiu/Associated PressPresident Biden nominated Dr. Monica Bertagnolli to head the National Institutes of Health and steer the federal government’s pursuit of cutting-edge medical research. The Wall Street Journal in April first reported the White House’s pick. Monday’s nomination would end a 17-month search to find a scientist to head an agency, with a $47 billion yearly budget, that plays an important role conducting and funding disease, drug and vaccine research.

☆ Microsoft’s $75 Billion Activision Blizzard Deal Gets EU Approval
▼ + stars: | 2023-05-15 | by ( Kim Mackrael | Sarah E. Needleman | ) www.wsj.com time to read: 1 min

A U.K. antitrust regulator rejected Microsoft’s $75 billion deal to buy gaming company Activision Blizzard on Wednesday. The deal is also being scrutinized by the European Commission and the Federal Trade Commission. Photo: Jae C. Hong/Associated PressBRUSSELS—The European Union’s antitrust watchdog approved Microsoft ’s planned $75 billion acquisition of Activision Blizzard , giving the two companies a win after the deal hit a regulatory roadblock in the U.K. The decision comes weeks after the U.K. regulator rejected the agreement, saying it would crimp competition in the country’s gaming market. Monday’s approval in Brussels won’t have any direct legal bearing on that process, and antitrust lawyers say Microsoft faces long odds in overturning the British decision.

But 29% of U.S. corn areas and 21% of soybean areas are in a drought versus 21% and 12% a year ago, respectively. Some 48% of winter wheat areas are experiencing drought versus 68% a year ago, but 16% of it is currently under exceptional drought versus just 3% a year ago. That is despite decent conditions in soft red wheat states in the east. The Drought Monitor shows 64% of Kansas in extreme or worse drought this week, topped only by a stretch from July 2012 to March 2013 in records back to 2000. The latest Drought Monitor stats in the top corn state are almost identical to the same point in 2021, leading into Iowa’s record corn-yielding season.

☆ CIA launches video to recruit Russian spies
▼ + stars: | 2023-05-15 | by ( Alex Marquardt | ) edition.cnn.com time to read: +7 min

The CIA first posted the video on Telegram, which ends with instructions on how to get in touch with the CIA anonymously and securely. The video is also being posted to its other social media platforms, including YouTube, Twitter, Instagram and Facebook. It appeals to their sense of patriotism and plays on Russian culture, quoting lines from Leo Tolstoy and Dostoyevsky. The emotional two-minute video shows different Russians going about their lives, appearing to contemplate major decisions. Monday’s video mirrors a more blunt outreach on social media by the CIA a year ago, two months into the war in Ukraine.

☆ Martha Stewart lands ‘historic’ Sports Illustrated Swimsuit cover
▼ + stars: | 2023-05-15 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Martha Stewart is among the cover models for the 2023 Sports Illustrated Swimsuit issue. The lifestyle businesswoman, 81, is the oldest swimsuit model the magazine has featured, calling the fact “historic.”“I like that picture,” Stewart said of her cover shot as she revealed it on Monday’s “Today” show. Stewart posed in the Dominican Republic for the shoot and appears in a total of ten looks. Stewart’s career began as a model at age 15, before she worked as a Wall Street stockbroker and later started a catering business, which grew into a lifestyle media company. Stewart’s more recent modeling with social media selfies have gained praise, particularly an image she shared of herself in a pool in 2020.

☆ Federal Spending Soars, Revenue Falls
▼ + stars: | 2023-05-10 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Wonder Land: Joe Biden’s administration is willing to bail out, backstop, guarantee and subsidize just about everything. Images: Storyblocks/Pool Via Cnp/Zuma PressPresident Biden meets Tuesday with Congressional leaders at the White House to discuss the federal debt limit, and GOP leaders Kevin McCarthy and Mitch McConnell could do worse than point to Monday’s Congressional Budget Office budget review for April. It shows that federal outlays continue to soar even as tax revenue declines. April is typically the best month for the federal fisc because it’s the tax payment deadline for the previous year. Including adjustments for timing shifts in federal outlays, the decline was $274 billion, or 73% from April 2022.

May 9 (Reuters) - Indicted FTX founder Sam Bankman-Fried has renewed his attacks on the bankrupt cryptocurrency exchange’s law firm as he mounts his defense against a raft of fraud, money laundering and campaign finance charges. Bankman-Fried late Monday asked a judge to designate FTX’s current leadership and the exchange’s attorneys at law firm Sullivan & Cromwell as part of the “prosecution team” in the criminal case against him. FTX and Sullivan & Cromwell provided such extensive cooperation to the government that prosecutors had “effectively deputized the company to aid the prosecution,” Bankman-Fried argued. Sullivan & Cromwell, a prominent Wall Street law firm with about 900 lawyers, represented FTX on transactions and regulatory matters before its collapse last year. In Monday’s filing, Bankman-Fried’s defense team said Ray and FTX’s bankruptcy lawyers have acted as “public mouthpieces” for the prosecution and have turned over “cherry-picked” information incriminating Bankman-Fried.

Qin said US actions and words had undermined “hard-won positive momentum” following Chinese leader Xi Jinping’s meeting with US President Joe Biden in Indonesia last year. Under the Taiwan Relations Act, Washington is also bound by law to provide Taiwan with the means to defend itself. ‘Better channels’Monday’s meeting was Qin’s first with Burns since the former Chinese ambassador to the US was promoted to foreign minister in December. The two sides resumed climate talks following Xi and Biden’s meeting on the sidelines of the G20 summit in Bali, Indonesia last November. He reiterated Blinken’s visit to China would be rescheduled “when conditions are appropriate.”

☆ Stock Market Today: Dow Edges Down in Midday Trading; Some Regional Bank Stocks Rise
▼ + stars: | 2023-05-08 | by ( ) www.wsj.com time to read: +1 min

Stocks were mixed Monday afternoon after the Federal Reserve’s lending officer survey showed credit conditions tightened in the first quarter. The report kicked off a busy week with more corporate earnings and inflation data on tap. Regional bank stocks jumped at the open but lost much of that ground as trading progressed. The KBW Nasdaq Regional Banking index lost 1.8%. Oil prices rose, pointing to a recovery for Brent crude after finishing Friday with a third straight weekly loss.

☆ Paris Saint-Germain strongly condemns 'intolerable and insulting' chants from fans outside Neymar Jr.'s house calling for Brazilian to leave club
▼ + stars: | 2023-05-04 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —Paris Saint-Germain has built a squad of star-studded players – notably Lionel Messi, Neymar Jr. and Kylian Mbappé – but amid recent discord at the Parisian club, two of that attacking triumvirate have found themselves being targeted by a section of fans. “Paris Saint-Germain most strongly condemns the intolerable and insulting actions of a small group of individuals that took place on Wednesday,” the Parisian club said in a statement after videos emerged on social media showing a group of fans gathered outside the Brazilian international’s house chanting: “Neymar, get out! Neymar, get out!”Videos on social media also showed fans gathered outside the PSG headquarters directing less than flattering chants towards World Cup winner Messi. On Wednesday, PSG suspended Messi for two weeks after the Argentinian’s unauthorized trip away from the team to conduct personal business, according to a club source. Meanwhile Messi, would go on and beat his other teammate, Mbappé, in the final as Argentina overcame France.

CNN —Paris Saint-Germain has suspended Lionel Messi for two weeks after the Argentinian’s unauthorized trip away from the team to conduct personal business, according to a club source. Messi is in Saudi Arabia, according to multiple reports. Along with undated pictures of Messi relaxing with his family, Ahmed Al Khateeb, the Minister of Tourism for Saudi Arabia, tweeted Monday: “I am happy to welcome #Messi and his family to Saudi to enjoy the magical tourist destinations and authentic experiences. “We welcome visitors from all around the world to experience a unique trip to Saudi Arabia and its hospitality.”Messi himself posted to Instagram four days ago a promotion for Saudi tourism: “Who thought Saudi has so much green? Messi’s contract with PSG expires on June 30, 2023, and his reported trip to Saudi Arabia comes amid multiple reports that the 35-year-old won’t stay at the Parisian club.

☆ Mohamed Khairullah: Secret Service says it turned away Muslim NJ mayor from WH Eid reception
▼ + stars: | 2023-05-02 | by ( Donald Judd | ) edition.cnn.com time to read: +2 min

CNN —The United States Secret Service on Monday said it turned away the Muslim mayor of Prospect Park, New Jersey, ahead of the Eid reception at the White House. Mayor Mohamed T. Khairullah was not permitted to attend Monday’s Eid reception despite an invitation to the East Room ceremony after his clearance for entry was not approved by Secret Service, the Council on American-Islamic Relations’ New Jersey chapter told CNN in a statement. “Unfortunately we are not able to comment further on the specific protective means and methods used to conduct our security operations at the White House.”The White House referred all questions on the incident to USSS. Normal procedure for guests invited to the White House is that once a guest receives an invitation, they must submit information to the Secret Service via WAVES after which the Secret Service makes the final decision on whether the guest is cleared for entry into the White House. A staffer from the White House social office called Khairullah, but did not offer an explanation on the decision, the mayor told CNN.

☆ Wolfsburg sinks Arsenal with late goal in front of record crowd for a women's club game in England
▼ + stars: | 2023-05-02 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Wolfsburg earned a spot in the Women’s Champions League final with a 3-2 victory against Arsenal in front of a record English domestic crowd thanks to Pauline Bremer’s goal in the final minutes of extra time. Playing in front of 60,063 fans at the Emirates Stadium – a record crowd for a domestic women’s game in England – Arsenal was without several key players through injury and battled bravely against the two-time European champion. I’m super happy to be in the final.”Wolfsburg will now face Barcelona in the Dutch city of Eindhoven on June 3 after the Spanish side defeated Chelsea in the other Champions League semifinal. Adam Davy/APThe sellout crowd at the Emirates, however, did see Arsenal make one piece of history on Monday, passing last year’s FA Cup for the biggest crowd in women’s domestic football. The world record for a women’s game is 91,648 at the Camp Nou in Barcelona for last year’s Champions League semifinal between Barça and Wolfsburg.

☆ Montana House Republicans ban Rep. Zooey Zephyr from House chamber for remainder of legislative session
▼ + stars: | 2023-04-26 | by ( Eric Bradner | ) edition.cnn.com time to read: +5 min

The move by Montana Republicans comes just weeks after two Democratic lawmakers in Tennessee were expelled over their protests on the House floor demanding action to address gun violence after a mass shooting at a Nashville school. Until Wednesday’s debate of the resolution to discipline Zephyr, he had refused to recognize her to speak until she apologized. Pro-Zephyr activists packed into Montana’s House gallery on Monday. Republican leaders canceled Tuesday’s scheduled House floor session, and announced late Tuesday night that they would consider “disciplinary action” against Zephyr on Wednesday over her role in Monday’s protests. Rep. David Bedey, a Republican, said Zephyr should have left the House floor or helped try to calm the crowd of protesters on Monday.

☆ Why Fox News brass might be unnerved after seeing the ratings in the aftermath of Tucker Carlson’s firing
▼ + stars: | 2023-04-25 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

When Carlson hosted on April 17, he averaged 3.2 million total viewers and 445,000 in the key demo. On April 10, Carlson averaged 3.1 million total viewers and 438,000 in the key demo. And on April 3, Carlson averaged 3.2 million total viewers and 435,000 in the key demo. Carlson’s ratings dominance was why he had that 8pm perch. The numbers suggest that some of Carlson’s audience migrated over to Newsmax to sample the competitor’s showing.

☆ Appeals court largely sides with Apple on ‘Fortnite’ antitrust case
▼ + stars: | 2023-04-24 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

Washington CNN —A federal appeals court largely sided with Apple on Monday in a closely watched case about its app store policies, a decision that could complicate future efforts to regulate app store operators and frustrate claims that Apple behaves monopolistically. Apple responded by removing Fortnite from the iOS App Store, a move Epic anticipated and that prompted Epic to sue. On Monday, in addition to siding with Apple on the antitrust claims, the appeals court held that Apple is entitled to have Epic cover its legal fees stemming from the countersuit, reversing a lower-court decision. That finding could give some ammunition to critics of app store operators. Both sides now have several weeks to determine whether to seek a rehearing from the appeals court or to appeal to the Supreme Court.

☆ SpaceX calls off launch attempt of Starship, the most powerful rocket ever built
▼ + stars: | 2023-04-17 | by ( Jackie Wattles | ) edition.cnn.com time to read: +3 min

South Padre Island, Texas CNN —SpaceX is now targeting Thursday for the next attempt to get Starship, the most powerful rocket ever built, off the ground. Starship was left grounded on its launchpad in South Texas on Monday morning because of a technical issue, delaying the vehicle’s historic first launch attempt. But the launch was called off due to what the SpaceX broadcast said was a pressurization issue. “A pressurant valve appears to be frozen, so unless it starts operating soon, no launch today,” SpaceX CEO Elon Musk tweeted. “If we get far enough away from launch pad before something goes wrong, then I think I would consider that to be a success,” Musk said during a Twitter “Spaces” event on Sunday.

☆ Ryan Reynolds says Wrexham's dramatic win over Notts County was 'just bananas'
▼ + stars: | 2023-04-11 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

CNN —Hollywood actor Ryan Reynolds says he will “never be the same again” after watching Wrexham AFC take a huge step towards promotion in dramatic fashion on Monday. Wrexham has four games of the regular season remaining to secure automatic promotion to the Football League. Just the drama attached to all of it.”On his last-gasp penalty save, Foster added: “That adrenaline buzz there, that moment gives you goosebumps. The club had been languishing outside the top four divisions of English football, known as the Football League, for over a decade but now seems to be on an exciting path up the football pyramid. Wrexham is one of a number of Welsh clubs that play in the English football league system due to being founded before the creation of the Welsh football league.

☆ Israeli Lawmakers Join March to West Bank Settlement to Demand Its Legalization
▼ + stars: | 2023-04-10 | by ( Dov Lieber | ) www.wsj.com time to read: 1 min

TEL AVI—A large group of Israeli ministers and lawmakers belonging to the country’s ruling coalition led thousands in a march to an evacuated settlement in the occupied West Bank demanding its legalization, heightening days of tensions in the region. Residents of the hilltop outpost in Evyatar were asked to vacate the site two years ago by Israel’s then-government because it was established illegally and Palestinians claim the land. Organizers of Monday’s march said they were out to emphasize Israel’s right to settle anywhere in the West bank and as a response to a spate of recent Palestinian attacks targeting Israelis.

☆ An Oil Price Warning for Democrats
▼ + stars: | 2023-04-04 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Oil prices surged 6.3% on Monday, to close to $85 a barrel on the global market, after a group of Saudi-led producers said they’ll reduce production by a million barrels a day starting in May. That’s another fist bump to the stomach from President Biden’s admirers in Riyadh, and it’s a warning to Democrats in the U.S. of how vulnerable they are to oil producers abroad. The Organization of the Petroleum Exporting Countries plus Russia already cut oil production by two million barrels a day in October. Monday’s additional reduction took markets by surprise, as the price surge suggests. If it continues, it will complicate decisions by the Federal Reserve and other central bankers trying to get inflation under control.

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