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April 4 (Reuters) - Federal appeals court judges on Tuesday appeared skeptical of 3M's (MMM.N) bid to use the bankruptcy of its subsidiary Aearo Technologies to shield itself from nearly 260,000 lawsuits over allegedly defective military-issue earplugs. Circuit Court of Appeals in Chicago to reverse a bankruptcy court order allowing the lawsuits to move forward against 3M, even though Aearo is bankrupt. Aearo and 3M said the bankruptcy process would facilitate a fair and comprehensive settlement with the plaintiffs. David Frederick, representing the plaintiffs, told the panel that 3M "contrived this bankruptcy to help itself, not Aearo or its creditors." The next-largest MDL, the Johnson & Johnson talc litigation, has 38,000 cases.

☆ Bill Gates' daughter reportedly paid $51 million for this NYC penthouse—it comes with 3,400 square feet of outdoor space
▼ + stars: | 2023-04-04 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

Bill Gates' eldest daughter, Jennifer Gates, might now be calling a $51 million New York City penthouse home. 443 Greenwich Street is known for being home to other celebrities like Meg Ryan, and Blake Lively and Ryan Reynold. The penthouse apartment is 8,900 square feet and has a 3,400 square-foot outdoor space with a plunge pool. Gates' penthouse apartment is 8,900 square feet and has a 3,400 square-foot outdoor space. 443 Greenwich Street was designed with an indoor courtyard, which is rare for buildings in New York City.

☆ Formula One under scrutiny over balance between safety and entertainment
▼ + stars: | 2023-04-03 | by ( Ian Ransom | ) www.reuters.com time to read: +4 min

Stewards had hoped racing would decide the winner but the carnage only served to trigger a third red flag and a processional win behind a safety car for Red Bull's Max Verstappen. DAMAGE BILLSStriking the right balance between safety and sport has long challenged Formula One, which moved to tighten its safety car rules after controversy hit the title-deciding 2021 Abu Dhabi Grand Prix. Officials no longer have such discretion but the application of safety car rules continues to flummox drivers and team bosses alike. Mercedes boss Toto Wolff said he was not sure when to expect a standard safety car versus a virtual one or a red flag after incidents. "Standing starts are the most vulnerable part of any grand prix and we did three of them," said Red Bull boss Christian Horner.

☆ Team by team analysis of the Australian Grand Prix
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +4 min

ASTON MARTIN (Fernando Alonso 3, Lance Stroll 4)Alonso's third third-place finish in three races for the team he joined this season from Renault-owned Alpine. The Spaniard started fourth, dropped to fifth but was third by the second red flag. Russell pulled up with his car flaming at the rear on lap 18, triggering a virtual safety car. He had fought back from 11th after pitting during the second safety car period, just before the first red flag. The German was fourth at the final red flag but the positions were reset to the previous grid because no sector had been completed.

MELBOURNE, April 2 (Reuters) - World champion Max Verstappen and team mate Sergio Perez were among drivers to criticise the officiating at a chaotic Formula One Australian Grand Prix on Sunday, which finished under a safety car after the race was restarted three times. Red Bull's Verstappen told reporters the decision to restart the race from the grid a second time, for what should have been a two-lap sprint to the finish, led to multiple collisions that took four cars out of the race. "They (race officials) created the problems themselves at the end of the day." F1 has boomed in popularity after a thrilling 2021 season was decided by a controversial officiating decision on the final lap of the last race. "The whole point of red flagging, it feels like it was just to put on a show," McLaren's Lando Norris, who finished sixth, told reporters.

☆ NHL roundup: Carter Verhaeghe nets career-best 4 goals in Panthers' win
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +9 min

Sabers 6, Flyers 3Alex Tuch scored his second career hat trick to help Buffalo to a win against host Philadelphia. Morgan Frost scored twice and Felix Sandstrom made 23 saves for the Flyers, who had their seven-game point streak snapped. Avalanche 5, Stars 2Nathan MacKinnon had two goals, Mikko Rantanen had a goal and three assists, and host Colorado beat Dallas. Ben Hutton, Zach Whitecloud and Brett Howden also notched goals for Vegas, which is 5-1-1 in its past seven games. J.J. Moser and Milos Kelemen scored for the Coyotes (27-37-13, 67 points), who have dropped seven straight games (0-5-2).

☆ Verstappen wins Australian Grand Prix after red flag chaos
▼ + stars: | 2023-04-02 | by ( Ian Ransom | ) www.reuters.com time to read: +3 min

Summary Verstappen wins his second race of the seasonHamilton finishes runner-up ahead of AlonsoRace interrupted by red flags, crashesMELBOURNE, April 2 (Reuters) - Max Verstappen was crowned Australian Grand Prix winner on Sunday after two late red flags and a slew of crashes threw the race into chaos before the Red Bull driver was allowed a processional victory lap around Albert Park. That allowed Verstappen to claim his second win of the season ahead of Hamilton with Aston Martin's Fernando Alonso third. Red Bull have now claimed all three grand prix wins in the new season, a record for the team, resuming their dominance after their runaway success in 2022. The Dutchman now has 69 points in the championship race, 15 ahead of team mate Sergio Perez. Verstappen opened up a big gap before the late red flags saw the race turn from procession to drama and back again.

☆ Australian GP: Max Verstappen holds off Lewis Hamilton for victory after wild finish to chaotic race
▼ + stars: | 2023-04-02 | by ( ) www.cnbc.com time to read: +1 min

Race winner Max Verstappen of the Netherlands and Oracle Red Bull Racing celebrates in parc ferme during the F1 Grand Prix of Australia. Max Verstappen held off Lewis Hamilton to claim a maiden Australian Grand Prix victory after a chaotic race, which finished with a processional safety-car lap following a wild late restart. Verstappen looked to be cruising to a comfortable win having reclaimed the lead after losing out to George Russell and Hamilton during a frantic opening, but Kevin Magnussen's crash and an ensuing second red flag of the race set up a two-lap sprint to the finish from a standing start. A third red flag followed, along with further confusion and controversy as there was a long wait before the FIA decided to restore the order from before the restart because the cars had not made it far enough around the track before for the new classification to be confirmed before the red flag came out. That meant that Alonso returned to third, but Sainz was left devastated as a five-second penalty for causing the collision saw him relegated to 12th, leaving Ferrari pointless after Charles Leclerc's first-lap retirement.

☆ Masi's door open to Mercedes but Wolff won't be knocking
▼ + stars: | 2023-04-01 | by ( Ian Ransom | ) www.reuters.com time to read: +1 min

The choice is theirs," Masi told News Corp media. "I've always had an open door policy and will always have an open door policy, since the moment that I arrived in this F1 paddock and that continues." Hamilton said on Thursday he had no plans to meet Masi and was only focussed on his future. Mercedes boss Toto Wolff echoed Hamilton, saying he wanted to leave the past behind. "No," he said when asked if he would meet Masi.

☆ Verstappen takes pole for Red Bull at Australian Grand Prix
▼ + stars: | 2023-04-01 | by ( ) www.reuters.com time to read: 1 min

MELBOURNE, April 1 (Reuters) - Max Verstappen took pole position for Red Bull at the Formula One Australian Grand Prix on Saturday. Mercedes driver George Russell joins Verstappen on the front row for Sunday's race at Albert Park after making the second-fastest lap, with Lewis Hamilton to start third. Red Bull's Sergio Perez will start from the back of the grid after skidding off track and beaching himself in gravel in the first session of qualifying. Reporting by Ian Ransom in Melbourne; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

And that has the impact of postponing some announcements," said Anu Aiyengar, global head of M&A at JPMorgan Chase & Co (JPM.N). M&A volumes dropped 44% to $282.7 billion in the U.S. and 70% to $81.87 billion in Europe. Reuters Graphics"Having a well-functioning financing market is a critical ingredient for M&A. Global M&A volumes in Q1 2023LACK OF CONFIDENCEThe depressed market valuations also presented an opportunity for prominent activist investors to launch new proxy fights, with dealmakers anticipating a boost to M&A volumes from activist campaigns in the coming quarters. "Inflationary pressures aren't subsiding as fast as people expected; there's still a lot of geopolitical tensions, and in a lot of ways, the disruption in the financing market is intensifying," Langston said.

☆ Verstappen fastest in first practice at Australian Grand Prix
▼ + stars: | 2023-03-31 | by ( Ian Ransom | ) www.reuters.com time to read: +2 min

MELBOURNE, March 31 (Reuters) - Formula One world champion Max Verstappen topped the timesheets for Red Bull before taking a late spin at Albert Park in an eventful first free practice at the Australian Grand Prix on Friday. The Dutchman lapped the lakeside circuit in one minute, 18.790 seconds, nearly half a second quicker than second fastest Lewis Hamilton of Mercedes, as two red flags disrupted the session. A second red flag cut the session short by a few minutes as Williams rookie Logan Sargeant came to a halt on track-side grass with an apparent power failure. Verstappen finished his session with a bit of drama, taking a big spin at turn four to ruin his tyres. But he squeezed in a fast lap between the red flags to sandwich himself between Verstappen and Perez's times.

Generative AI has exploded in popularity, and advertisers are figuring out how to use it. Insider profiled 15 ad execs leading generative AI projects for their own agencies and major brands. They're using AI tools to build creative assets quickly, kickstart ideas, and automate boring tasks. Generative AI has taken the world by storm, but many in the advertising industry were experimenting with it well before OpenAI's ChatGPT catapulted the technology into the zeitgeist last November. Insider has identified 15 ad industry experts who are leading the charge around generative AI by figuring out what it can and can't do, and teaching their colleagues and clients how to get the best results.

☆ 4 red flags for an IRS tax audit — including what one tax pro calls a 'dead giveaway'
▼ + stars: | 2023-03-29 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

While the IRS plans to hire more workers, including enforcement agents, experts say there's no need to worry — as long as you keep proper documentation. Still, certain red flags are more likely to trigger an IRS audit, experts say. "Round numbers are a dead giveaway," said Preeti Shah, a certified financial planner at Enlight Financial in Hamilton, New Jersey. Earned income tax creditThe IRS has also examined refundable credits, which can provide a refund even when the credit value exceeds taxes owed. While audits have declined overall, the drop has been lower for filers claiming the earned income tax credit, or EITC, targeted at low- to middle-income workers.

☆ NHL roundup: Bruins lock down Atlantic Division title
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +11 min

Hathaway has scored three goals since joining the Bruins in late February, two of which have been go-ahead tallies. Linus Ullmark made 11 of his 26 saves in the third period, improving to 11-1-0 in his last 12 starts. For the Lightning, Victor Hedman scored the lone goal and Andrei Vasilevskiy was credited with 32 saves. Leon Draisaitl had a goal and an assist, and Zach Hyman and Warren Foegele also scored for Edmonton. Ottawa captain Brady Tkachuk scored his seventh goal in seven games and Mark Kastelic and defenseman Thomas Chabot also tallied.

☆ Piquet ordered to pay $950,000 for racist, homophobic comments
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: +1 min

March 25 (Reuters) - Brazil's triple Formula One champion Nelson Piquet must pay 5 million Brazilian Reals ($953,050) in moral damages for racist and homophobic comments against Mercedes driver Lewis Hamilton, a Brazilian court ruled on Friday. In an interview in November 2021, Piquet used a racial slur referring to the seven-time world champion, when commenting on Hamilton's British Grand Prix crash with Max Verstappen. Hamilton called for action to change "archaic mindsets" after footage of the interview surfaced on social media last June. In another clip which surfaced later, Piquet used racist and homophobic language against Hamilton in a podcast interview when describing how Hamilton missed out on the 2016 championship to Nico Rosberg. The charges were brought by four human rights groups, including Brazil's National LGBT+ Alliance, which wanted Piquet to pay 10 million Brazilian Reals for alleged moral damages.

☆ Working out is one of the best things you can do to treat depression
▼ + stars: | 2023-03-24 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +5 min

A new paper that analyzed data from 41 studies found that exercise had a big effect on depression. Researchers found that exercise improved depression symptoms at least as much as other treatments. They said that exercise should be offered as "an evidence-based treatment option" for patients. Aerobic exercise and resistance training had big effects on reducing depression symptoms, the authors noted, as did supervised and group exercises of "moderate intensity." A 2018 study published in JAMA Psychiatry found that strength training can help treat depression just as well as aerobic exercise.

☆ U.S. Fed has been hiking interest rates 'too far, too fast,' says investment management firm
▼ + stars: | 2023-03-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Fed has been hiking interest rates 'too far, too fast,' says investment management firmGilbert Garcia of Garcia Hamilton & Associates says the U.S. Federal Reserve "should not only stop raising rates, they should also stop quantitative tightening."

BRASILIA, March 23 (Reuters) - Brazilian President Luiz Inacio Lula da Silva heads to China this weekend for a five-day visit to refresh relations with his country's largest export market and seek new Chinese investment in the Latin American country. "Brazil has to keep a flexible and pragmatic position in this dispute between China and the United States," said Senator Hamilton Mourao, who as Brazilian vice president met with Xi in Beijing in 2019. CHINESE INVESTMENTLula drew Brazil closer to China and traveled twice to Beijing during his two presidential terms from 2003 to 2010. Trade relations were not affected by the diplomatic storm, though Chinese investment stalled, due in part to the pandemic preventing China's executives from visiting Brazil. By 2021, investment by Chinese companies in Brazil recovered to the level of 2017, according to the China-Brazil Business Council, which forecasts steady growth in coming years.

☆ It's been a year since the Fed began hiking rates—where things go from here remains 'muddy'
▼ + stars: | 2023-03-22 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

By this time last year, the Fed had kept its benchmark rate near zero since the beginning of the Covid-19 pandemic to help stimulate economic activity. It was the first of eight hikes that have pushed the benchmark rate range to 4.50% to 4.75%. That still puts it a long way from the Fed's target rate of 2%. As the Fed mulls whether to continue upping rates, the central bank will have to consider the collateral damage rate hikes have brought to the economy, markets and investors. "They've been feeling in the darkness for when things would break, and recently [with bank failures] things are starting to break.

☆ The amount of volatility in the bond market is historic, says managing partner of Garcia, Hamilton and Associates
▼ + stars: | 2023-03-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe amount of volatility in the bond market is historic, says managing partner of Garcia, Hamilton and AssociatesGilbert Garcia, managing partner at Garcia, Hamilton and Associates, joins Jon Fortt and the ‘CNBC Special: Taking stock’ to discuss volatility in the fixed income markets.

☆ F1 needs Perez to keep performing at his best
▼ + stars: | 2023-03-20 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

LONDON, March 20 (Reuters) - Sergio Perez may have had his best race yet in Sunday's Saudi Arabian Grand Prix but Formula One desperately needs the Mexican to keep it up in a season turning into a tale of two Red Bull team mates. Verstappen won 15 of the 22 races last year to Perez's two triumphs. "We've had those years where we were as strong, but it's a meritocracy," the Austrian told reporters when asked about the sport's popularity taking a hit if Red Bull kept winning everything. Perez agreed: "I think we did a great job," he said of the race in Jeddah. "I don't know if it's my best weekend so far with the team, but I'm sure Melbourne will be even better."

☆ Perez wins Saudi GP as Verstappen goes from 15th to second
▼ + stars: | 2023-03-19 | by ( Alan Baldwin | ) www.reuters.com time to read: +5 min

"That safety car again tried to take the victory away from us in Jeddah but not this time," said Perez, who started on pole last year but was caught out by a safety car deployment and ended up fourth. "I was on for victory last year so finally I got it," added the Mexican, who now has five career wins and finished 5.355 seconds clear despite the safety car cutting his early advantage. It took Perez four laps to take charge with the Mexican meeting no resistance as he swept past for the lead, but he could not relax. When the safety car period ended on lap 20, Verstappen was pushing Russell for third and took the place three laps later. Verstappen went second, 5.6 seconds behind Perez, at the half-distance but the gap stayed constant with the Red Bulls in a race of their own.

☆ Verstappen completes practice sweep in Saudi Arabia
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +1 min

March 18 (Reuters) - Formula One world champion Max Verstappen completed a dominant hat-trick of top times in practice for the Saudi Arabian Grand Prix on Saturday. Mexican team mate Sergio Perez was second fastest, but a considerable 0.613 seconds slower than Verstappen's best effort of one minute 28.485 on the soft tyres. Apart from Perez, Alonso was the only driver within a second of Verstappen. McLaren's Lando Norris was seventh, and Australian rookie team mate Oscar Piastri eighth, a mere 0.008 behind. Verstappen apologised after lifting off the throttle on track and forcing Norris, coming up fast behind, to swerve around him.

☆ These 74 stocks across 5 categories of AI are the top picks from the sector's leading fund managers.
▼ + stars: | 2023-03-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +11 min

These 74 stocks are picked by AI ETF managers. What she believes is unique about her fund is its heavy focus on quantum computing technology, making up 41.22% of the fund. While big data is used for different technologies, it enables AI to work with massive data sets in its machine-learning process. TipRanks, a financial technology website that uses AI to analyze financial data, created a stock list for what they deem are the best AI stocks based on popularity. TipRanks' list of nine of the best AI stocks have large market caps and are likely to remain relevant for a long time.

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