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☆ Shares of this audio pioneer should rebound more than 50%, Rosenblatt predicts
▼ + stars: | 2023-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Sonos is set to rebound roughly 50% as it returns to growth, Rosenblatt Securities says. Analyst Steve Frankel initiated coverage of the audio company with a buy rating and a $20 price target, saying he's expecting demand to pick back up for Sonos audio products. SONO 1D mountain Sonos shares 1-day Sonos shares have sold off this year, plunging 20% while the S & P 500 has rallied 16% during the same period. Regardless, the analyst's $20 price target implies shares will surge 54% from Tuesday's closing price of $12.95. The analyst expects Sonos to continue to face challenges including tough comparisons up ahead but expects demand to improve as the company focuses on innovating new products.

Persons: Steve Frankel, he's, Frankel, Sonos, Bose, Willing, Michael Bloom Organizations: Rosenblatt Securities

MASON CITY, Iowa — Sen. Tim Scott, R-S.C., attacked Donald Trump on Monday by criticizing the former president for not supporting a federal abortion ban and repeatedly expressing an interest in working with “both sides” to reach an agreement on the issue. “And both sides are going to come together and both sides — both sides, and this is a big statement — both sides will come together, "he added. Scott has made his support for a 15-week federal abortion ban a cornerstone of his campaign, using it to contrast himself with Trump and his other 2024 rivals. Ramaswamy has said abortion should be left to the states, while Haley has stated a 15-week ban would never pass Congress. Charlie Neibergall / APWhen asked whether he’d sign a 15-week federal abortion ban during a radio interview Monday, Florida Gov.

Persons: MASON, MASON CITY , Iowa — Sen, Tim Scott, Donald Trump, Trump, ” Scott, NBC’s “, Scott’s, Monday, Scott, “ Vivek Ramasamy, Nikki Haley, Ron DeSantis, President Trump, Ramaswamy, Haley, Sen.Tim Scott, Charlie Neibergall, DeSantis, ”, ” DeSantis, “ Organizations: MASON CITY, Democrats, Press, ”, South Carolina, Life, Florida Gov Locations: MASON CITY , Iowa, California, New York , Illinois, Fort Dodge , Iowa, Florida, ”

☆ Wells Fargo, a juicy target, sparks lead counsel fight among shareholder firms
▼ + stars: | 2023-09-01 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

Meanwhile, yet another plaintiffs' firm, Robbins, is deep into a similar derivative suit against Wells Fargo board members in San Francisco Superior Court. But it’s worth noting that in 2022, Wells Fargo won the dismissal of a previous shareholder derivative suit accusing the board of regulatory compliance failures. Kessler said its complaint, which includes "detailed" and "substantial" references to Wells Fargo internal documents, was more likely to withstand a dismissal motion from the bank. Scott + Scott told Tigar that it had the most up-to-date documents from Wells Fargo because it brought a Section 220 demand after the $3.7 billion CFPB agreement. I would not be surprised to see a rival derivative suit filed in Delaware Chancery Court by one of the shareholder firms spurned by Tigar.

Persons: Cromwell, Wells Fargo, Wells, Robbins Geller Rudman, Dowd, Kessler Topaz Meltzer, Scott, Scott –, They're, Jon Tigar, Robbins, Wells Fargo’s, Kessler Topaz, Kessler, Robbins Geller, Tigar, Robbins Geller didn’t, Randall Baron, board's, Andrew Cheng, Read Organizations: Sullivan, U.S . Consumer Financial Protection Bureau, U.S . Office, Currency, OCC, Wells, U.S, District, San Francisco Superior Court, Tigar, Wells Fargo, San Francisco, Thomson, Reuters Locations: Oakland, Wells Fargo, San Francisco, Wells, San, California, Delaware Chancery

For his part, Trump has continued to stress his innocence. Chris Christie is sharpening his lines of attack against other candidates besides Trump. All hawkeyes on the GOP candidates: Iowa Republican Gov. Kim Reynolds is sitting down with a handful of Republican presidential candidates for interviews at the Iowa State Fair next month. Abortion in the courtroom: Iowa’s Supreme Court agreed on Tuesday to hear an appeal of a lower court order that blocked a six-week abortion ban GOP Gov.

Persons: Donald Trump, Trump, Marcus Cleaver, Jake Traylor, ”, ” Cleaver, Traylor, we’re, Jack Smith, General Merrick Garland, “, “ Rather, … Christie, Egwuonwu, Emma Barnett, Chris Christie, Kim Reynolds, Reynolds, Miami Mayor Francis Suarez, ’ Jillian Frankel, Alex Tabet, Pence, Mike Pence’s, Sarah Dean Organizations: NBC, New, New Jersey Gov, Trump ., hawkeyes, GOP, Iowa Republican Gov, Iowa State Fair, Fox News, Miami Mayor Locations: New Orleans, Covington, La, America, New Jersey, Iowa

☆ The 'Barbenheimer' box office success can help a range of stocks, analysts say. Here are some of them
▼ + stars: | 2023-07-24 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

The opening weekend success of Warner Bros. Warner Bros. Discovery, Comcast and Paramount in 2023 Wolfe Research managing director Peter Supino said Warner Bros. Given the box office numbers, Nispel said the weekend will likely be positive for Warner Bros. B. Riley's Eric Wold noted IMAX screens were able to "completely dominate" this weekend for "Oppenheimer" showings.

Persons: Oppenheimer, Rosenblatt, Steve Frankel, WBD, Peter Supino, Brandon Nispel, Nispel, Barbie, Gordon Haskett, Don Bilson, They're, Roth, David Bellinger, Bellinger, it's, Eric Wold, It's, Wold, Alicia Reese, — CNBC's Michael Bloom, NBCUniversal Organizations: Warner Bros, Discovery, Universal, Comcast, Paramount, Wolfe Research, Mattel, Hollywood, MAT, AMC Entertainment, AMC, CNBC Locations: Delaware, NBCUniversal

☆ SEC punts on whether syndicated loans are securities, in closely watched appeal
▼ + stars: | 2023-07-19 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

Law firm alerts have gone so far as to call the appeal an “existential threat” to the entire syndicated loan market. The SEC later added to the suspense by requesting two more extensions from the 2nd Circuit, noting the complexity of the issue. On the other hand, any remaining uncertainty will be resolved as soon as the 2nd Circuit issues a ruling. But it’s a good bet that the trustee's lawyers from McKool will urge the 2nd Circuit to read the SEC’s silence as proof of the complexity of the issue. An earlier version incorrectly reported that Judge Michael Park was part of the 2nd Circuit panel that heard oral argument.)

Persons: Cromwell, JPMorgan Chase, Marc Kirschner, Paul Gardephe, Manhattan, Gardephe, McKool Smith, Jose Cabranes, Joseph Bianco, Myrna Perez, ”, Malcolm Stewart, Christopher Johnson, McKool, SEC wouldn’t, Michael Park, Alison Frankel, Leigh Jones Organizations: Sullivan, U.S . Securities, Exchange Commission, U.S, Circuit, SEC, 2nd, JPMorgan, Millennium, U.S . Justice Department, District, Trading Association, Securities Industry, Financial Markets Association, Justice Department, U.S . Treasury Department, Thomson, Reuters Locations: U.S .

Adolph sued Uber in 2019, claiming the company misclassified UberEats drivers as independent contractors rather than employees, who must be reimbursed for work expenses under California law. A unique California law called the Private Attorney General Act, or PAGA, allows workers to sue for employment law violations on behalf of the state and keep one-quarter of any money they win. The California Supreme Court said nothing in that law bars workers from pursuing claims on their own behalf in arbitration while separately litigating large-scale claims in court. Michael Rubin, who represents Adolph, said the ruling could spur companies to reconsider forcing workers' claims into arbitration if large-scale PAGA lawsuits can still proceed in court. Business groups maintain that arbitration is quicker and more efficient than court, allowing workers to recoup more money.

Persons: Erik Adolph, Adolph, Uber, Theane, Michael Rubin, Rubin, Daniel Wiessner, Alison Frankel, Alexia Garamfalvi, Josie Kao Organizations: Technologies, California Supreme, Private, Supreme, Viking, Business, Trade, U.S . Chamber of Commerce, Thomson Locations: California, U.S, Albany , New York, New York

DES MOINES — Friendly chatter between moderator Tucker Carlson and Republican presidential hopeful Asa Hutchinson quickly devolved during an onstage interview Friday at the Family Leadership Summit, a major gathering of social conservatives. Right off the bat, Carlson asked the former Arkansas governor if his stance had changed from when he vetoed a ban on gender-affirming care for transgender youth in 2021. As Carlson repeatedly questioned him about care for transgender minors, Hutchinson asked Carlson to move on. Tensions escalated further when the former Fox News host pivoted to vaccines, asking how many shots Hutchinson had received. While speaking to reporters after his interview with Carlson, Hutchinson said he nevertheless believes he won over Iowa voters.

Persons: Tucker Carlson, Asa Hutchinson, Carlson, Hutchinson, ”, “ Tucker, ” Carlson, ” Hutchinson, he’d, Hutchinson interjected, “ I’m, “ Organizations: MOINES, Family Leadership, Fox News, National Guard, Iowa Locations: Arkansas

☆ Wealthy shoppers keep flocking to Aldi and dollar stores and say there's no longer any stigma, report says
▼ + stars: | 2023-06-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Wealthy shoppers are increasingly turning to discount stores like Aldi, Dollar Tree, and Dollar General. This is because of inflation, improved product quality, and changing attitudes to discount stores. Morgan Pierce, who The Journal reported earns about $200,000 a year working at McDonald's corporate office in Chicago, visits Aldi and dollar stores for staples. People who The Journal spoke to said that the idea of shopping at discount stores was no longer as stigmatized. Soaring inflation during 2021 and 2022 combined with better-quality budget products and a rising number of brand-agnostic shoppers have all helped to push wealthier shoppers to discount stores.

Persons: —, Morgan Pierce, I'm, Pierce, Rick Dreiling, Kelly Dilts, Bob Gillman, Bethenny Frankel, It's, Dreiling Organizations: Service, Wall Street, Aldi, Dollar, YouTube, Housewives, New Locations: Aldi, Chicago, New York City

CNN —Robert Bowers, the gunman who killed 11 worshippers at Pittsburgh’s Tree of Life synagogue in 2018, was convicted by a federal jury Friday on all 63 charges against him. Bowers was also convicted of 11 counts of hate crimes resulting in death. The shooting unfolded on a day when the synagogue was hosting three congregations, Tree of Life, Dor Hadash and New Light, for weekly Shabbat services. In addition to the 11 killed, two worshippers and four responding police officers were wounded. Before the shooting, Bowers spent years posting about attacks on immigrants and Jewish people on Gab, a small social media platform used by far-right extremists.

Persons: Robert Bowers, Bowers, David Klug Diane Rosenthal, Cecil, David Rosenthal, ‘, ’, Rabbi Jeffrey Myers, ” Myers, ” “, ”, Jonathan Greenblatt, that’s, ” Greenblatt, Dan Frankel, “, Frankel, ” Bowers, Robert Bowers David Klug, Robert Colville, Elisa Long, ” Long, Eric Olshan, ” Olshan, Dor Hadash, Andrea Wedner, Rose Mallinger, ’ ”, Mary Hahn, – Organizations: CNN, U.S, Attorney, Defamation League, Pennsylvania, Hebrew Immigrant Aid Society, Police, Immigrant Aid Society Locations: Maryland, New York

☆ Donald Trump, the Presidential Records Act and ‘Clinton's sock drawer’ defense
▼ + stars: | 2023-06-09 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

“The [Presidential Records Act] does not confer any mandatory or even discretional authority on the archivist,” wrote U.S. District Judge Amy Berman Jackson in that 2012 ruling. “These are not presidential records,” he added. The Presidential Records Act, Trump’s brief said, gave Trump the sole authority to decide how to categorize his records. Fitton told me he explained his Presidential Records Act theory to the Washington, D.C., grand jury in the Trump document case last winter. Fitton, for instance, accused the Justice Department of flipping its position on presidential discretion under the Presidential Record Act to go after Trump.

Persons: Donald Trump, Bill Clinton’s, Clinton, Taylor Branch, Clinton “ squirreled, ”, Amy Berman Jackson, Trump, Jason Baron, Bradley Moss, Mark S, Zaid, Moss, Baron, “, Todd Blanche, Tom Fitton, ” Fitton, Fitton, Jack Smith, Margaret Kwoka of Organizations: Reuters, Watch, GQ, Branch, National Archives, Records Administration, Presidential, Judicial, Archives, “, Justice Department, Mar, University of Maryland, Trump, Trump –, Presidential Records, Circuit, Records, D.C, Margaret Kwoka of Ohio State University, Thomson Locations: Mar, United States, U.S, Washington

☆ Kim Kardashian, Floyd Mayweather can’t evade EMax crypto investors’ claims, judge says
▼ + stars: | 2023-06-07 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

Pierce, who allegedly received nearly $250,000 in EMax tokens as payment for touting the investment, paid $1.4 million in February to settle the SEC’s allegations of deceptive securities promotion. The new ruling, Masson said, should serve as a blueprint for crypto investors who contend they were duped by celebrity promoters. The beefed-up amended complaint convinced the judge that investors had plausibly accused the celebrity influencers of doing just that: exerting influence over their followers by endorsing EMax tokens. Fitzgerald’s previous decision dismissing claims against Kardashian and the other EMax promoters, Masson said, might have created an impression that celebrities can’t be held responsible for allegedly deceptive crypto touting. “You cannot get away with this.”Read more:Kim Kardashian, other celebrities beat EMax crypto investors' lawsuitKim Kardashian pays $1.26 million fine for paid crypto ad, SEC saysOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Kardashian, Michael Fitzgerald, Kardashian, Floyd Mayweather, famer Paul Pierce, Mayweather, Pierce “, ”, Fitzgerald, Hyping, you’ve, Scott, “, ” Fitzgerald, Michael Rhodes, Cooley, Pierce, Joel Weiner, Katten Muchin Rosenman, James Sanders, Reed Smith, influencer Logan Paul, Paul, King & Spalding, Sean Masson, Scott —, Kardashian —, EMax, Masson, ’, can’t, ” Masson, ” Read Organizations: District, Los, NBA, famer, U.S . Circuit, Securities, Exchange Commission, King &, SEC, Thomson, Reuters Locations: California, “, Florida

☆ 4.9 magnitude quake strikes southern Haiti; 4 dead, dozens injured
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: +3 min

The town of Jeremie in Haiti's southwest region was struck by a moderate earthquake on Tuesday, June 6, 2023. (Patrick Farrell/Miami Herald/Tribune News Service via Getty Images)An earthquake with a preliminary magnitude of 4.9 struck southern Haiti early Tuesday, killing at least four people and injuring 36 others, authorities said. The quake struck before dawn near the southwestern coastal city of Jeremie at a depth of six miles (10 kilometers), according to the U.S. Geological Survey. "There were so many people out on the street, and a lot of panic," he recalled of the moments after the quake struck. The earthquake struck almost two years after a 7.2 magnitude earthquake struck southern Haiti and killed more than 2,200 people, with Les Cayes sustaining the most damage.

Persons: Patrick Farrell, Eric Mpitabakana, Les Cayes, Frankel Maginaire, Mpitabakana, Claude Prepetit, Paul Pierre, Pierre, Prince, Ariel Henry Organizations: Miami Herald, Tribune, Service, Getty, . Geological Survey, Food, Associated Press, Civil Protection Agency, Haiti's Civil Protection Agency, Haiti's, of Mines and Energy, Radio, AP Locations: Jeremie, Haiti's, Haiti, Port

☆ Bankman-Fried hints at blame-the-lawyers defense in criminal case
▼ + stars: | 2023-05-31 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

The plaintiffs' lawyer who filed that case, Kerry Miller of Fishman Haygood, told me on Wednesday that he plans to monitor the Bankman-Fried criminal case for any Fenwick & West documents that might boost the class allegations. Companies are typically reluctant to waive privilege for fear that their lawyers’ documents might be used in other cases. That assertion seems to hint that Bankman-Fried will claim that he can personally waive privilege over some Fenwick & West communications. The strongest defense case, Sandick said, would probably feature testimony from a Fenwick & West witness to bolster testimony from Bankman-Fried about his reliance on advice from FTX lawyers. But contradictory testimony from a law firm witness could undermine Bankman-Fried’s advice-of-counsel defense.

Persons: Sam Bankman, Gresser, Fenwick, Fried, West, FTX, “, ”, Bankman, District Judge Lewis Kaplan, Kaplan, Kerry Miller, Fishman Haygood, Cohen, Sullivan, Cromwell, Harry Sandick, Patterson Belknap Webb, Tyler, ” Sandick, Sandick, ‘, ’ ”, Alison Frankel Organizations: Cohen, Fenwick & West, Alameda Research, Silvergate Bank, West, U.S, Prosecutors, Alameda, District, District Judge Lewis Kaplan of, Fenwick &, Manhattan U.S, Companies, Defense, Thomson, Reuters Locations: Fenwick, FTX, Alameda, Manhattan, California, District Judge Lewis Kaplan of Manhattan

☆ Bethenny Frankel still had Ikea furniture while shooting 'Real Housewives of New York': 'I never spent a dime'
▼ + stars: | 2023-05-10 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

In a recent TikTok post, the 52-year-old spoke about how she was militant about not spending money she didn't have. Frankel earned just $7,250 for her star-making turn on the first season of "The Real Housewives of New York." "My apartment was furnished by Ikea when I was on the 'Housewives of New York,'" she said. In the years following her "Housewives" debut, Frankel started and sold her Skinnygirl Cocktails brand for a reported $100 million. "I was always terrified, because you don't spend money you don't f---ing have."

☆ Matt Gaetz says AOC is 'wrong a lot' but 'she's not corrupt' as the pair joined forces to block Congress from trading stocks
▼ + stars: | 2023-05-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Both congressional lawmakers formed an unlikely team-up on Tuesday to introduce a new bill. "AOC is wrong a lot, she'd probably say the same thing about me, but she's not corrupt," Gaetz told Fox News host Jesse Watters on Tuesday. They and several other congressional leaders warned that congressional trading erodes trust in the government and presents conflicts of interest. Gaetz told Watters on Tuesday that Congress should "disallow congressional stock trading for the same reason we don't allow the referee to bet on the game." Representatives for Gaetz, Ocasio-Cortez, and Frankel did not immediately respond to Insider's requests for comment sent outside regular business hours.

☆ Manhattan federal prosecutor joins Kramer Levin law firm
▼ + stars: | 2023-05-02 | by ( Chinekwu Osakwe | Thomson Reuters | Chinekwu Osakwe Covers Legal Industry News With A Focus On Midsize Law Firms. Reach Her At Chinekwu.Osakwe Thomsonreuters.Com. | ) www.reuters.com time to read: +1 min

Law Firms Kramer Levin Naftalis & Frankel LLP Follow(Reuters) - New York-founded law firm Kramer Levin Naftalis & Frankel said Tuesday that it has hired former Assistant U.S. Attorney Jordan Estes, who co-led the general crimes unit in the Southern District of New York, for its white-collar and government investigations practice. Estes was the lead or co-lead prosecutor on 13 criminal trials ranging from securities fraud matters, insider trading, bank fraud, health care fraud and racketeering, Kramer Levin said. Estes helped secure last year's conviction of Trevor Milton, the founder of electric vehicle company Nikola Corp, on charges that he defrauded investors. In February, prominent Kramer Levin white-collar partner Barry Pollack left the firm to join New York midsize law firm Harris St. Laurent & Wechsler's new Washington, D.C. office. Read More:N.Y. law firm launches in D.C. with white-collar duoOur Standards: The Thomson Reuters Trust Principles.

☆ Windfall tax seizure case in Michigan deepens appellate split on class standing issue
▼ + stars: | 2023-05-02 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +6 min

The county auctioned Fox's property for about $25,000 — and kept the $22,000 difference between the sale price and Fox's tax obligation. But Fox’s class action did not name only Gratiot County as a defendant. Circuit Court disagreed. The 6th Circuit in the Fox case agreed with the 2nd Circuit's holding that trial courts must consider constitutional standing issues ahead of class certification. The Michigan counties that challenged class certification were represented at the 6th Circuit by Douglas Curlew of Cummings, McClorey, Davis & Acho.

☆ Coinbase, crypto industry hope new Supreme Court doctrine is silver bullet
▼ + stars: | 2023-05-01 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

But the agency will have to provide a more detailed response if Ripple, Coinbase or crypto groups that have filed friend-of-the-court briefs pushing major questions doctrine arguments manage to pique a judge’s interest. Former Coinbase manager Ishan Wahi expanded on the major questions theory last February in his motion to dismiss the SEC’s insider trading case. Under the major questions doctrine, they said, the SEC does not have the requisite Congressional authority to regulate digital assets. Coinbase’s contention in that paper, released last Thursday, is all-encompassing: The major questions doctrine, according to Coinbase counsel at Sullivan & Cromwell, “forecloses” regulation of the trillion-dollar crypto industry. But if the SEC moves ahead with a case against Coinbase, the major questions doctrine could turn out to be, well, a major question.

☆ Warren Buffett says he worries about nuclear threats and more pandemics—but never the future of Berkshire Hathaway
▼ + stars: | 2023-04-21 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Billionaire investor Warren Buffett says he worries about a few things. I worry about a pandemic in the future, all kinds of [things]," Buffett said. "99 and a fraction percent of my net worth in Berkshire," Buffett told "Squawk Box," adding that multiple of his family members also heavily invest in the company. "I worry about things nobody else worries about, but I can't solve them all," Buffett said. As for feeling secure about Berkshire's future, Buffett has already handpicked his company's next CEO — and his successor, Greg Abel, has said he doesn't plan to diverge from Buffett's winning formula.

☆ Jalen Hurts' $255 million contract sets an NFL record—and he got it with an all-women management team
▼ + stars: | 2023-04-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Of course, Hurts' strong performance over the past two seasons contributed to his landing the biggest contract in NFL history. But it also came down to his management team. Hurts is managed by an all-women management team from the sports agency Klutch Sports Group. And that's how I am on the field and off the field," Hurts told Sports Illustrated in August 2022. Lynn and the management team have continued breaking convention and setting records with this new deal.

☆ Self-made millionaire Bethenny Frankel shares the No. 1 negotiation tip that made her rich: 'It changed my entire life'
▼ + stars: | 2023-04-12 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

The reality TV alumna, who later founded the Skinnygirl lifestyle brand and became a self-made millionaire entrepreneur, agreed to a payment of just $7,250 for the hit Bravo TV show's first season, she said in a recent Instagram Reel. But she didn't let the network take a percentage of anything she made on her own, a move that "changed my entire life," she added. Frankel crossed out that section of the contract, and Bravo agreed to her terms, she said. A year later, Frankel founded Skinnygirl, which was initially built around selling pre-packaged, low-calorie margaritas. Shortly after, Frankel sold Skinnygirl Cocktails to Beam Global for an estimated $100 million dollars, keeping the rights to the "Skinnygirl" name.

☆ Op-ed: Crypto and blockchain need a trellis, not just a weed killer, says Scaramucci
▼ + stars: | 2023-03-21 | by ( Anthony Scaramucci | ) www.cnbc.com time to read: +4 min

You might not know this, but Goldilocks and the Three Bears is actually a story about the debate currently surrounding regulation of the blockchain and crypto industries. The agency nearly doubled the size of its crypto assets enforcement unit last May. Many in the crypto industry want this "regulation by enforcement" to stop. It's as much of a trellis for good plants as it is a weed killer. Scaramucci is the founder and managing partner of SkyBridge Capital, an alternative asset manager and SEC-registered investment adviser.

☆ Some VC firms have started moving money back into Silicon Valley Bank, marking the latest turn in the bank's wild week
▼ + stars: | 2023-03-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Some VC firms have started moving their money back to Silicon Valley Bank. The bridge bank took over the deposits of the Silicon Valley Bank, a financial institution that served nearly half of all US venture-backed companies, per its website. Another group of VC firms also came out in support of Silicon Valley Bank, issuing a joint statement on Tuesday. Taneja also started a drive for VC firms to express their support for Silicon Valley Bank over the weekend. The bank run at Silicon Valley Bank triggered concerns about the financial health of smaller, regional banks in the US, spurring a crisis of confidence in the sector.

Governors gathered in the nation’s capital in recent days for the National Governors Association winter meeting. And while they were focused on their jobs at hand, questions about the 2024 presidential race were unavoidable. Asked on Saturday if she would like to see Biden run again, Michigan Gov. At a Democratic Governors Association press conference on Thursday, a group of 11 governors echoed support for Biden’s potential re-election campaign. Spencer Cox also joined “Meet” and weighed in on the presidential race, saying he would like to see his party nominate a governor.

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