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Goldman Sachs reiterates Amazon as buy Goldman Sachs said the e-commerce giant remains a top idea at the firm. Jefferies reiterates Cava as buy Jefferies said it's sticking with its buy rating on shares of Cava after the Mediterranean restaurant's earnings report Tuesday. Jefferies reiterates Roblox as buy Jefferies said it's standing by its buy rating on Roblox but that it's lowering its price target to $38 per share from $50. "We reiterate our Buy rating on sequential improvement in product offerings and sales volume." Wedbush reiterates Dick's as outperform Wedbush said it's bullish on shares of Dick's heading into earnings next week.
Persons: Tesla, Bernstein, DINO, MGY, Goldman Sachs, Jefferies, Cava, Roblox, it's, Bud Light, Beer, KeyBanc, FTNT, Dr Pepper, Wells, Wells Fargo, Marqeta, Nio, Wedbush, Morgan Stanley, Getty Organizations: Street, Barclays, Mizuho, Chevron, North American, Citi downgrades, Citi, Deutsche Bank, Anheuser, Busch InBev, Nvidia, Network, Palo, UBS, GE HealthCare, Bank of America, Corp, News Corp, Getty Locations: MTDR, eCommerce, Cava, Singapore
Daiwa reiterates Disney as buy Daiwa is standing by its buy rating on Disney after the company's earnings report last week. Deutsche Bank reiterates Palo Alto Networks as buy Deutsche Bank is bullish heading into earnings later this week. Barclays reiterates Walmart as overweight Barclays is bullish heading into earnings later this week. " Bank of America downgrades Phillips 66 and Marathon Petroleum to neutral from buy Bank of America downgraded several refiners and said the risk/reward is "no longer compelling." Bank of America initiates Turnstone Biologics as buy Bank of America said the biopharmaceutical company is well-positioned.
Persons: it's, Daiwa, KBW, Berkshire Hathaway, Morgan Stanley, Pharvaris, Wells Fargo, Wells, it's bullish, Hannon Armstrong, KeyBanc, PSTG, " Bank of America downgrades Phillips, DINO, Ford Organizations: UBS, Nvidia, Disney, Deutsche Bank, Networks, JPMorgan, Citigroup, Bank of America, ISI, Barclays, Walmart, " Bank of America, of America, Marathon Petroleum, U.S, MPC, Ford
Specialty foods company Sovos bought the brand in 2017 and grew sales to more than $600 million. Bobby Bank/WireImageSales grew slowly until 2017 when specialty foods company Sovos Brands bought the Rao's Homemade packaged foods division and turned up the proverbial heat. Hermida added that sauce makes up more than 80% of Sovos' business, and that one in eight US households buy Rao's Homemade sauce. Sovos reported Rao's brand sales of $580 million in 2022, largely through Costco and Walmart, and sales have already climbed more than 33% in 2023. On Monday, Sovos announced a $2.7 billion deal with Campbell Soup in which the packaged foods giant would acquire the group, including Rao's Homemade.
Persons: Sovos, Campbell Soup, Frank Pellegrino Sr, Frank Pellegrino, Dino Gatto, Yuri Hermida, Forbes, Hermida, Campbell Organizations: Service, Bobby Bank, WireImage, Sovos Brands, Costco, Walmart Locations: Wall, Silicon, East Harlem, New York, Las Vegas, Los Angeles, Rao's
[1/5] Recently arrived migrants to New York City wait on the sidewalk outside the Roosevelt Hotel in midtown, Manhattan, where a temporary reception center has been established in New York City, New York, U.S., August 1, 2023. REUTERS/Mike SegarNEW YORK, Aug 1 (Reuters) - Knees to their chests, dozens of men from countries such as Venezuela, Mali, and Senegal sat on a dirty New York City sidewalk outside a Manhattan hotel Tuesday, awaiting asylum processing. New York state is bound by a decades-old consent decree from a class-action lawsuit to provide shelter for those without homes. Murad Awadeh, executive director of the New York Immigrant Coalition, said that this week was the anniversary of asylum seekers being bused to New York City from Texas. Dino Redzic, the owner of Uncle Paul's Pizza and Cafe next door to the Roosevelt, gives pizza daily to the men outside.
Persons: Mike Segar, Eric Adams, Adams, Hamid, Murad Awadeh, who've, Dino Redzic, Uncle Paul's, Roosevelt, Rachel Nostrant, Donna Bryson, Aurora Ellis Organizations: REUTERS, Roosevelt, Port Authority, . State Department, New York Immigrant Coalition, Thomson Locations: New York, midtown , Manhattan, New York City , New York, U.S, Venezuela, Mali, Senegal, New York City, Manhattan, Mauritanian, United States, Mauritania, Texas, Yugoslav
All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.
Persons: We'll, that's, Stanley Black, Decker, Emerson, Bausch, Leggett, Platt, SIRI, Ares, COLM, PERI, Kraft Heinz, Phillips, Ferrari N.V, Johnson, Robinson, COOK, BUD, Kellogg, Papa, Pitney Bowes, Parker, Trimble, Ziff Davis, Nonfarm, Jim Cramer's, Jim Cramer, Jim, Apple Tim Cook, Kevin Dietsch Organizations: Nasdaq, Dow, Federal Reserve, Federal, ISM Manufacturing, Services PMI, Investors, Caterpillar, Devices, Starbucks, Natural Resources, AMD, Management, Emerson Electric and, Humana, Bausch Health, Apple, Microsoft, Resource Partners, AerCap Holdings, CNA Financial Corp, CNA, Apellis Pharmaceuticals, Bank, SJW, Hutchison China MediTech, Camtek Ltd, Silvercrest Asset Management, Loews Corp, Oxford Lane Capital Corp, Banco Santander, Silicom Ltd, SuperCom Ltd, Arista Networks, Avis Budget Group, Diamondback Energy, Lattice Semiconductor Corp, Republic Services, Yum China Holdings, Western Digital Corp, Power Systems, Tenet Healthcare Corp, Vornado Realty, BioMarin Pharmaceutical, PetMed, SBA Communications Corporation, Brixmor, Snack Foods Corp, Cushman & Wakefield, Sanmina Corporation, TFI, PMI, Cruise Line Holdings Ltd, Uber Technologies, Pfizer, Enterprise Products Partners, Merck, JetBlue Airways Corporation, Allegro MicroSystems, Altria, SunPower Corp, SiriusXM Holdings, Molson Coors Beverage, Marriott International, Toyota Motor Corp, BP, SYSCO Corp, Marathon Petroleum Corp, Ares Management, Equitrans Midstream Corporation, Game Technology, Illinois Tool, IDEXX Laboratories, Rockwell Automation, Packaging International Corp, Gartner, Zebra Technologies Corp, IQVIA Holdings, Oshkosh Corporation, Leidos Holdings, Eaton Corp, yte Corp, Lear Corp, Starbucks Corp, Devon Energy Corp, SolarEdge Technologies, Lumen Technologies, Virgin Galactic Holdings, Caesars Entertainment, VF Corp, Sciences Corp, Paycom, Vertex Pharmaceuticals, Suncor Energy, Holdings, Chesapeake Energy Corp, Boston Properties, American International Group, AIG, Allstate Corp, Aspen Technology, Electronic Arts, EA, Flowserve Corporation, Denny's, Corp, Prudential Financial, Store, Ternium S.A, Vimeo, Emerson, Lomb, CVS Health, Generac Holdings, Cameco Corp, Perion Network Ltd, Builders, Carlyle Group, Scorpio, Teva Pharmaceutical Industries, Ltd, Rithm Capital Corp, AeroSystems Holdings, Vertiv Holdings Co, Johnson Controls, CDW Corp, DuPont, Brands Holdings, Scotts Miracle, Gro, SMG, Brands, Allegheny Technologies, AmerisourceBergen Corporation, ABC, Real Estate Corporation, Adient plc, Editas, Garmin Ltd, WWE, Bunge Ltd, Criteo S.A, PayPal, QUALCOMM, Occidental Petroleum Corp, Apache Corp, Albemarle Corp, MGM Resorts International, MGM, Marathon Oil Corp, Joby Aviation, Industrial, CF Industries Holdings, Goodyear Tire &, Realty ome Corp, Metlife, Pacific Biosciences of, Rush Street Interactive, Zillow, JFrog Ltd, Herbalife Nutrition Ltd, Simon Property Group, McKesson Corp, Storage, Cerus Corporation, GXO Logistics, MAX Holdings, Health, Anheuser, Busch InBev, Warner Bros ., Cheniere Energy, ConocoPhillips, Hasbro, CIGNA Corp, Lantheus Holdings, Regeneron Pharmaceuticals, Fiverr International, Air Products & Chemicals, TopBuild Corp, EPAM Systems, Lightspeed Commerce, Aurinia Pharmaceuticals, Cummins, CMI, Slair Corporation, Starwood Property Trust, Vulcan, Alnylam Pharmaceuticals, New Energy Corp, Cedar Fair Entertainment, Intellia Therapeutics, Lending, Privia Health, Dickinson, Chimera Investment, CIM, Hyatt Hotels Corp, Lion Electric, LEV, Deluxe Corp, Murphy Oil Corp, PBF Energy, Papa John's, Targa Resources Corp, Wix.com Ltd, Apollo Global Management, LLC, Butterfly, Sempra Energy, Aptiv PLC, Brookfield Infrastructure Partners, Canada Goose Holdings, Hannifin Corporation, WESCO International, WCC, Arrow Electronics, Constellation Energy Group, Midstream Partners, Coinbase, Petroleo Brasileiro SA Petrobras, Gilead Sciences, Opendoor Technologies, Booking Holdings, Atlassian Corporation, International, Redfin Corporation, Motorola Solutions, Monster Beverage Corporation, Consolidated Edison, Rocket Companies, Apple Hospitality, Cirrus, Resources, Universal Display Corporation, Chesapeake Utilities Corp, Social, Defense, Security Solutions, Post Holdings, Tandem Diabetes Care, Nikola Corporation, Magna International, Dominion Energy, ACM Research, Frontier Communications, Brookfield Renewable Partners, inTEST Corporation, American Pipeline, TELUS International, XPO Logistics, Fluor Corp, Gray Television, Cboe, LyondellBasell Industries, Twist Bioscience, Global, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley, Getty Locations: U.S, China, India, Oxford, Chile, Illinois, Columbia, Pacific, Pacific Biosciences of California, Southern, PBI, Gilead, Sun Valley , Idaho
Listen and follow The DailyApple Podcasts | Spotify | StitcherOn the morning of Feb. 7, 2017, two electricians were working on a warning siren near the spillway of Oroville Dam, 60 miles north of Sacramento, when they heard an explosion. As they watched, a giant plume of water rose over their heads, and chunks of concrete began flying down the hillside toward the Feather River. The dam’s spillway, a concrete channel capable of moving millions of gallons of water out of the reservoir in seconds, was disintegrating in front of them. If it had to be taken out of service, a serious rainstorm, like the one that had been falling on Northern California for days, could cause the dam — the tallest in the United States — to fail. The rain, however, didn’t.
Persons: Kory Honea, Dino Corbin Organizations: Spotify, California’s Department of Water Resources Locations: Oroville, Sacramento, Northern California, United States, Butte County
[1/3] Fossilized skeletons dating to about 125 million years ago from China showing the entanglement of the dinosaur Psittacosaurus lujiatunensis and the mammal Repenomamus robustus are seen in this 2022 handout photograph. A dramatic fossil unearthed in northeastern China shows a pugnacious badger-like mammal in the act of attacking a plant-eating dinosaur, mounting its prey and sinking its teeth into its victim's ribs about 125 million years ago, scientists said on Tuesday. Dating to the Cretaceous Period, it shows the four-legged mammal Repenomamus robustus - the size of a domestic cat - ferociously entangled with the beaked two-legged dinosaur Psittacosaurus lujiatunensis - as big as a medium-sized dog. "Here, we have good evidence for a smaller mammal preying on a larger dinosaur, which is not something we would have guessed without this fossil," Mallon added. The researchers discounted the idea that the Repenomamus and Psittacosaurus fossil showed a mammal merely scavenging a carcass.
Persons: Read, paleobiologist Jordan Mallon, Mallon, Xiao, chun Wu, Psittacosaurus, Repenomamus, Will Dunham, Rosalba O'Brien Organizations: dinos, Canadian Museum of Nature, Thomson Locations: China, WASHINGTON, Ottawa, Liaoning Province, Mongolia
In 2019, it launched its International Fund. Today, the investor manages the Diamond Hill International Fund (DHIAX) , rated five stars by Morningstar. Mohanraj expects that's because of the fund's emphasis on differentiated bets. The Diamond Hill fund, which is benchmarked against the MSCI ACWI ex USA Index, has roughly $65 million in assets, a 1.150% expense ratio, and . "And it's that idea of a highly curated portfolio, of what I want to own in international, that's the mindset."
Persons: Krishna Mohanraj, Sanford C, Bernstein, that's, Mohanraj, Morningstar, DHIAX, What's, Dino, they've, Mario, V, Prem Watsa who's, Warren Buffett, Berkshire Hathaway, Warren Buffett's Organizations: Diamond Hill Capital Management, Diamond Hill, International Fund, i2 Technologies, Sanford, Dino Polska SA, Polska, Dino Polska, Nintendo, Mario Bros, Office, Fairfax Financial Locations: Diamond, South India, U.S, Warsaw, Poland, Japanese, Fairfax, Canadian, Canada, Berkshire
Western sanctions on Russian crude following its invasion of Ukraine have upended those plans. Canadian barrels will struggle to compete, analysts and traders said. Chinese oil refiners PetroChina (601857.SS) and Sinopec (600028.SS) have bought and processed Canadian heavy crude in the past. Russia's Urals crude produces higher volumes of fuel and is significantly cheaper than heavy Canadian barrels, said one Calgary-based crude trader. "Today every crude in Asia is having a hard time competing with Russian crude," York said.
Persons: crudes, TMX, John Coleman, Wood Mackenzie, Skip York, York, Nia Williams, Florence Tan, David Gregorio Our Organizations: U.S ., Canadian, Sinclair, Puget Sound, U.S . Energy, Administration, Turner, Mason & Company, Reuters, Thomson Locations: U.S . West Coast, Asia, Ukraine, Canada, United States, Russia, Alberta, British, Pacific Coast, North America, China, India, Calgary, Canadian, Iraq, California, York, Moscow, Basra, British Columbia, Singapore
[1/5] Items seized from a neo-Nazi group who call themselves Crew 38 are displayed in Florianopolis, Santa Catarina state, Brazil April 24, 2023. "Santa Catarina is a land of WHITE PEOPLE, FOR WHITE PEOPLE," the anonymous sender wrote, signing off with the Nazi salute "SIEG HEIL." Researchers at Sao Paulo state's Unicamp university have tracked a more than 10-fold rise in the number of neo-Nazi cells in Brazil since 2015. SOUTHERN HATEThe problem of neo-Nazism is particularly acute in Santa Catarina, a state where many have German and Italian ancestry. The state has the largest proportion of white residents in Brazil, with 84% declaring as white in the last census.
Persons: Cristiano Estrela, Andrea Muller, Jair Bolsonaro's, Adolf Hitler, Bolsonaro, Flavio Dino, CONIB, Guilherme Franco de Andrade, Bolsonaro's, Arthur Lopes, Lopes, Luis Eduardo de Quadros, de Almeida, Steven Grattan, Gabriel Stargardter, Deepa Babington Organizations: Nazi, REUTERS, Reuters, Reuters Graphics, Federal Police, Nazism, Santa, Brazil's, Sao Paulo state's Unicamp, Federal University of Mato, Blacks, Haitian, Thomson Locations: Florianopolis, Santa Catarina state, Brazil, Itajai, Santa Catarina, Haiti, Nazi, Federal University of Mato Grosso, Sul, U.S, United States, Europe
And Homo naledi was added to the family tree in 2013 after cave explorers tipped off researchers that there might be something promising within the dangerous depths of the Rising Star cave system. Mark Thiessen/National GeographicA team of explorers has uncovered evidence that Homo naledi buried their dead and carved symbols on cave walls at least 100,000 years before modern humans. Across the universeAstronomers using the Webb telescope discovered complex organic molecules in a galaxy located over 12 billion light-years away. Doyle/NASA/ESA/CSAThe James Webb Space Telescope peered into a galaxy located more than 12 billion light-years away and spied the most distant organic molecules ever detected. — A bright new supernova appeared in the Pinwheel Galaxy, and a telescope in Hawaii captured a dazzling image of the stellar explosion.
Persons: Matthew Berger, , Homo, paleoartist John Gurche, Mark Thiessen, naledi, Webb, Doyle, James Webb, Einstein, Dino, dino, Iani smithi, Janus, Ashley Strickland, Katie Hunt Organizations: CNN, UNESCO, Geographic, Cincinnati Zoo, Botanical, NASA, ESA, Parker, Probe, Drassm, Tunisia’s Skerki Bank, Sonar, CNN Space, Science Locations: South Africa, Johannesburg, Spain, Utah, North America, Tunisia, Italy’s, Tunisia’s, Costa Rican, Great Britain, Hawaii
'Jurassic Park' still has bite at 30, and here's why
  + stars: | 2023-06-09 | by ( Dan Heching | ) edition.cnn.com   time to read: +4 min
CNN —It’s been 30 years since Steven Spielberg’s dinosaurs stampeded across the screen in the first “Jurassic Park,” but it feels more recent. Admittedly, I was the exact target audience for this creature feature, and even though I was already somewhat of a self-taught critic (note the aforementioned mouthiness), I was awed by what I saw that summer three decades ago, and my impressions of “Jurassic Park” remain to this day. Joseph Mazzello in "Jurassic Park." Laura Dern, Sam Neill and Joseph Mazzello in "Jurassic Park." Add to that the amazing and meme-worthy smaller performances from Samuel L. Jackson (“Hold onto your butts!”), Wayne Knight (“Ah ah ah!
Persons: CNN — It’s, Steven Spielberg’s, Rex, Martin Ferrero, , Joseph Mazzello, dino, Kong ”, Ian Malcolm, Jeff Goldblum, Michael Crichton’s, Spielberg, John Williams, Laura Dern, Sam Neill, Goldblum, there’s Laura Dern, Sigourney Weaver, Sam Neill –, Samuel L, Jackson, Wayne Knight, Bob Peck, , you’ve Organizations: CNN, Titans, Marvel
New calculations suggest that 1.7 billion T. rexes lived on Earth from 65.5-68 million years ago. This dichotomy between how many T. rexes lived and how few fossils we have of them shows us just how rare fossilization is and how much more we have to learn about these majestic creatures. Warpaintcobra/Getty ImagesMarshall was the lead author of an earlier study that estimated 2.5 billion T. rexes once roamed Earth. Of the roughly 1.7 billion, or so, T. rexes who roamed our planet, scientists have only uncovered a few hundred fossils, equating to fewer than 100 total dinosaurs. Despite their prime conditions for fossilization, if Giebeler's calculations are correct, scientists have only found about 0.0000002% of the T. rex that lived on Earth.
Except, this week, nobody is talking about the ‘beautiful game’ after the shameful racist abuse of Real Madrid star Vinícius Jr. sent LaLiga into crisis management mode. Instead, it must pass investigations into incidents of racist abuse onto local prosecutors, who deal with them as legal cases. 10 when nine previous incidents of racist abuse seemingly were not enough to spark meaningful action? Vinícius Jr. points to a fan in the stand who allegedly racially abused him during Real Madrid's match at Valencia. Fort says CEOs called Sepp Blatter to ask him to step down as FIFA president.
Emilia Romagna Grand Prix canceled because of flooding
  + stars: | 2023-05-17 | by ( Jill Martin | ) edition.cnn.com   time to read: +2 min
CNN —Formula 1 has canceled this weekend’s Emilia Romagna Grand Prix because of heavy flooding in the northern Italian region, citing safety concerns. At least eight people have been killed by heavy flooding and mudslides in the region with more than 13,000 residents being forced to evacuate, according to local authorities. On Tuesday, motorsport staff were asked to leave the site of the race amid concerns regarding flooding, an F1 source told CNN. “It would not be right to put further pressure on the local authorities and emergency services at this difficult time.”Red Bull driver Max Verstappen, who is the current world champion and, racing at the Emilia Romagna Grand Prix, at the Enzo and Dino Ferrari racetrack in Imola, Italy, Sunday, April 24, 2022. The Emilia Romagna GP was due to have been the sixth race of the season on the F1 calendar.
Nima Momeni is facing a murder charge in connection to the death of Cash App founder Bob Lee. At a later point, Lee began casually sleeping with Momeni's sister, Khazar, per WSJ. Prosecutors previously alleged in court documents that Momeni confronted Lee that night about his sister, Khazar, before the stabbing. Afterward, friends familiar with the matter said that Lee started sleeping with Khazar Momeni, who is married to Dino Elyassnia, a well-known San Francisco-based plastic surgeon. She told WSJ that, if anything, Lee may have been microdosing ketamine to treat depression.
Watch CNBC's full interview with CLS Bank's Dino Kos
  + stars: | 2023-05-08 | 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 EmailWatch CNBC's full interview with CLS Bank's Dino KosDino Kos, special advisor to the CEO of CLS Bank International, joins 'Squawk Box' to discuss fear in the banking sector, whether the concerns have peaked, and what regulators may be looking at going forward.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCommercial real estate will be the next issue in 6 to 9 months, says CLS Bank's Dino KosDino Kos, special advisor to the CEO of CLS Bank International, joins 'Squawk Box' to discuss fear in the banking sector, whether the concerns have peaked, and what regulators may be looking at going forward.
Companies would also have to pay content providers and copyrights on material posted on their sites. The Brazilian proposal is shaping up to be one of the world's strongest legislations on social media, comparable to the European Union's Digital Services Act enacted last year. They also say it will endanger free posting services for users while allowing censorship as practiced in authoritarian societies. Brazil's Justice Minister Flavio Dino has asked the consumer protection authority to investigate whether the companies engaged in "abusive practices" in campaigning against the bill. The bill was fast tracked in the lower house after a series of fatal attacks in schools which social media allegedly encouraged, and new articles added to the bill have not been debated in Congressional committees before going to the vote.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailData is pointing towards weakness in the economy, says CLS Bank's Dino KosDino Kos, special advisor to the CEO of CLS Bank International, joins 'Squawk Box' to discuss the latest on the Fed's inflation fight, the rate hike path, and more.
The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.
Nima Momeni is in jail on a murder charge in the stabbing of Cash App founder Bob Lee. His lawyer told Insider that Momeni was placed "in a safety protocol." Wu did not immediately respond to a follow-up inquiry on the circumstances that might have placed Momeni under watch. Lee was fatally stabbed on San Francisco street in the early morning of April 4. Prior to the stabbing, Lee was staying at 1 Hotel San Francisco, just a few blocks from Khazar's apartment.
April 12 (Reuters) - Brazil could fine or suspend social media companies that do not effectively regulate content related to school violence, Justice Minister Flavio Dino said on Wednesday. The new measures, set to be published through an ordinance on Wednesday, seek to curb threats of school violence in the country, which have soared after two separate attacks left five dead in recent weeks. The Supreme Court is currently discussing this law's scope and validity. In March, Meta Platforms (META.O) and Alphabet's Google (GOOGL.O) appeared before Brazil's Supreme Court to defend the law, while the government looks to expand regulation over social networks. Dino said Brazil's consumer secretariat will immediately start determining each company's responsibility in proactively regulating harmful content to students.
BRASILIA, April 5 (Reuters) - A Supreme Court judge backed a government move to crack down on illegal gold mining in Brazil, suspending a legal practice of buyers accepting the origin of the precious metal with paper receipts based on the "good faith" of the seller. The injunction by Justice Gilmar Mendes gave the government 90 days to adopt a new regulatory framework for the gold trade to stop the sale of gold mined illegally from indigenous lands and other environmentally protected areas. The previous government of President Jair Bolsonaro eased environmental protections and encouraged wildcat mining in the Amazon rainforest. A surge in illegal mining on the Yanomami indigenous reservation caused disease and malnutrition that led the Lula government to declare a humanitarian crisis. The Brazilian Institute of Mining (Ibram), which represents gold mining companies such as AngloGold Ashanti Ltd (ANGJ.J) and Yamana Gold Inc (YRI.TO), as well as multinational giants such as Vale (VALE3.SA), Rio Tinto Ltd (RIO.AX) and BHP Group Ltd (BHP.AX), said 20% of Brazilian gold had no declared origin in 2021, citing data from the National Mining Agency.
State attorneys and former prosecutors worried that Trump's indictment would solely revolve around Michael Cohen as a witness. But Trump's indictment depends on more than Cohen — the NY DA alleges Trump paid off another woman, too. Mark Bederow, a former prosecutor, previously told Insider that resting an indictment of this caliber solely on Cohen would be disastrous. "You wouldn't rely on Michael Cohen to tell you the time of day unless you corroborated it with a clock. Like Daniels, prosecutors allege that Trump, Pecker, and Cohen teamed up to silence former Playboy Playmate Karen McDougal in June 2016.
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