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☆ A Trump judge and Biden’s Justice Department agree that a Texas map is illegal. But that doesn’t mean it will change
▼ + stars: | 2024-05-14 | by ( Tierney Sneed | ) edition.cnn.com time to read: +10 min

CNN —A county redistricting plan in Texas that a Donald Trump-appointed judge deemed “a clear violation” of the Voting Rights Act is back before a notoriously conservative appeals court. After the 2021 Census, the Republican-led county commission broke up that district, locking in four majority-white districts instead. Their opponents argue that Congress did not intend for multiple “classes” of minorities to be considered together when assessing a map’s Voting Rights Act compliance. Black and Latino voices ‘extinguished,’ judge saysThe 2021 map split up the long-established Precinct 3, spreading those minority voters across the four total commission precincts. “It would be devastating for minority voters as devastating as it was for Galveston’s Black and Latino voters.”

Persons: Donald Trump, Biden, Jeffrey Vincent Brown, –, ”, Valencia Richardson, Christian Adams, ‘, ” Brown, Brown, Mark Henry –, Henry, Robin Armstrong, Armstrong, Adams, Circuit “, Elena Kagan, …, ” Chad Ennis –, ” Ennis, Hilary Harris Klein Organizations: CNN, Republican, 5th, Campaign, “, Senate, Justice Department, Galveston Republicans, Interest Legal Foundation, Circuit, Southern Coalition for Social Justice Locations: Texas, Galveston’s County, Galveston County, White, Galveston, Louisiana, Mississippi, ”

☆ From Wall Street to Silicon Valley, AI specialists are a hot commodity
▼ + stars: | 2024-04-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Today's big story examines how recruitment for AI talent is ramping up in the tech industry and on Wall Street . AdvertisementEager to understand how to leverage the tech, companies are racing to scoop up AI specialists. But Big Tech companies aren't just competing with each other. With so many venture capitalists eager to fund AI ideas , some AI talent are starting their own companies. Businesses are already fighting the rule, but if it survives the courts it could mean even more movement of AI talent.

Persons: —, We've, we've, Justin Sullivan, Chelsea Jia Feng, Eager, Kali Hays, Ellen Thomas, Banks, it's, Getty, Sean Gladwell, Olga Pyrkina, Tyler Le, Amy Hood, Mark Zuckerberg, Zuckerberg, Johannes Eisele, Swan, Mark Spitznagel, Spitznagel, David Einhorn, there's, Dimitrios Kambouris, Leon Neal, Abanti Chowdhury, Bill Gates, Gates, BI Gates, Satya Nadella, Zs, Herman Miller Eames, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Getty Images, Anadolu Agency, Big Tech, Johannes, Getty, Federal Reserve, Reuters, Research, Capital Economics, Greenlight, Staff, Microsoft, BI, Paramount Locations: California, AFP, America, New York, London, Chicago

☆ Here are 5 sectors of the market that are working and the stocks that stand out in each
▼ + stars: | 2024-04-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

Federal Reserve Chairman Jerome Powell met with the press after the March Federal Open Market Committee (FOMC) meeting, which was pretty fraught. Data centers If there is the whiff of a data center or anything in one, the stock goes higher. It's why Meta stock is a buy a tad lower as stocks tend to revisit those kinds of declines. I worry about Club stock Stanley Black & Decker for this reason, but the dividend will keep it propped up for now. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: what's, Jerome Powell, Powell, Powell isn't, Voltaire, Vertiv, Eaton, Meta, It's, jetsam, Darius Adamczyk, Vimal, Stanley Black, Decker, Azek, Morgan Stanley, Wells, Charlie Scharf, Wells Fargo, Chipotle, that's, Johnson, Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Scott Mlyn Organizations: Federal, Market, Broadcom, Google, Microsoft, Nvidia, Travel American Express, Raytheon, GE Aerospace, Royal, AAR, Honeywell, Southwest Airlines, Housing, Stanley, JPMorgan, Procter, Gamble, Colgate, Merck, Bristol, Myers, PepsiCo, Energy, Coterra Energy, Diamondback, drillers, CNBC Locations: California, Royal Caribbean, Delta, Devon

☆ Billionaire investor David Einhorn shares an overlooked theory for why gold prices have spiked so much
▼ + stars: | 2024-04-28 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +4 min

The recent gold rally is counterintuitive, as high interest rates typically make bullion less attractive. But billionaire investor David Einhorn has a theory that he shared in his latest investor letter. Einhorn suggests that gold's rally is potentially due to countries in the East buying gold from Western nations. To explain the strong run for gold, billionaire investor David Einhorn offered a potential theory in his latest letter to investors published this week. Others, like billionaire investor Ray Dalio, say gold can hedge risks stemming from high government debt levels.

Persons: David Einhorn, Einhorn, —, there's, David Rosenberg, Ed Yardeni, Ray Dalio Organizations: Service, Federal, Greenlight, World Gold, People's Bank of Locations: China, People's Bank of China, India, Singapore

☆ Biden signs Israel, Ukraine, TikTok bill into law
▼ + stars: | 2024-04-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

US President Joe Biden speaks after signing the foreign aid bill at the White House in Washington, DC, on April 24, 2024. President Joe Biden on Wednesday signed into law measures to provide aid to Israel, Ukraine and Taiwan, as well as force Chinese TikTok parent company ByteDance to sell the social media platform. It should have been easier and it should've gotten there sooner," Biden said Wednesday after signing the bill. Biden had signaled his intention to sign the bill into law after the House passed the proposal on Saturday. The law earmarks roughly $60 billion in aid for Ukraine, $26 billion for Israel and $8 billion for security in Taiwan and the Indo-Pacific.

Persons: Joe Biden, should've, Biden, TikTok Organizations: White, Capitol, Senate Locations: Washington ,, Israel, Ukraine, Taiwan, America, U.S

☆ Greenlight's David Einhorn builds new stake in this gambling name. Here's what else he bought
▼ + stars: | 2024-04-24 | by ( Adam Jeffery | ) www.cnbc.com time to read: +2 min

Greenlight Capital's David Einhorn continued to pick up new stocks in the first quarter, including Penn Entertainment , as the longtime value investor struggles to find opportunities in the volatile market. He established the stake at an average cost of $22.69 per share, but the stock has fallen to $17.44 as of Wednesday. Still, Einhorn said sports betting, if executed right, could take the shares much higher. "Were the market to credit PENN with merely 15% of DraftKings' value, that segment alone would be worth $20 per share." Q4 buyer's strike Einhorn had stopped building new stock positions at one point in the fourth quarter, saying he was on a "buyer's strike" due to worries about intensifying geopolitical risks.

Persons: Greenlight Capital's David Einhorn, Einhorn, PENN, he's, Greenlight, — CNBC's Leslie Picker Organizations: Penn Entertainment, CNBC, Barstool Sports, Cornell grad, Greenlight Capital, HP, Roivant Sciences, Liberty Global

☆ The biggest money managers are flocking to gold as inflation fears intensify
▼ + stars: | 2024-04-18 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Gold futures settled at a record high above $2,400 an ounce this week. The precious metal is coming off its third straight week of gains. Gold is often used as an inflation hedge because of its limited supply. @GC.1 YTD mountain Gold Professional speculators' net-long positions in gold futures and options hovered near the highest level since 2020 as of April 9, according to the Commodity Futures Trading Commission's latest data. The hedge fund star revealed that not only did he own the popular SPDR Gold Trust fund (GLD), but he also bought physical bars.

Persons: James Steel, David Neuhauser, Neuhauser, Greenlight Capital's David Einhorn, Einhorn Organizations: Citi, Investors, HSBC Securities, Gold, Commodity, Livermore Partners, CNBC, Trust, Deutsche Bank Locations: Northbrook , Illinois

☆ Opinion: We all lose if the Olympic surveillance state becomes the norm
▼ + stars: | 2024-04-17 | by ( Opinion Jules Boykoff | ) edition.cnn.com time to read: +9 min

He is the author of six books on the politics of the Olympic Games, most recently “What Are the Olympics For?” The views expressed here are his own. France enacted an Olympic Games Law in May 2023 that legalized the use of AI-driven video surveillance this summer and allowed experimentation with intelligent video surveillance until March 31, 2025. The law made France the first nation in the European Union to greenlight biometric surveillance systems. She told me that the Olympic Law “infringes the right to privacy, the right to be anonymous in the streets.”“Everything in this is political,” Levain said. The French Ministry of the Armed Forces unveiled plans to use HELMA-P, an anti-drone laser weapon system prototype, at the Paris Games.

Persons: Jules Boykoff, Emmanuel Macron, Jules Boykoff Jessi, –, ” Noémie, “, ” Levain, ”, Gérald Darmanin, we’ve, Amelie Oudea, Macron, Natsuko Sasaki, Laurent Nuñez, Le, Danielle Simonnet, Thomas Bach Organizations: Pacific University, Olympic Games, CNN, Olympic, Games, ISIS, Stade de France –, Law, European Union, Amnesty International, European Civic Forum, Human Rights, Ministry of, France’s, French Ministry of, Armed Forces, Paris Games, Stade de France, Paris Police, Le Parisien, Paris, Patriotes, Palais Royal, National Assembly, France Insoumise Party Locations: Paris, Palestinian, Atlanta, France, Le, Europe, Moscow

☆ Alphabet reportedly weighing offer for HubSpot, sending shares in the $32 billion marketing company up 7%
▼ + stars: | 2024-04-04 | by ( Alex Koller | ) www.cnbc.com time to read: 1 min

Shares of HubSpot popped 7% on Thursday morning after Reuters reported that Alphabet is in talks with its advisers to make an offer for the marketing software company. Alphabet has in recent days discussed how much it should offer and whether antitrust officials would greenlight the deal, Reuters reported, citing people familiar with the matter. HubSpot, based in Cambridge, Massachusetts, had a market cap of around $32 billion before Reuters reported on Alphabet's interest. The company provides businesses with marketing, sales and customer service software. Alphabet has yet to submit an offer for HubSpot and it's uncertain if it will, according to the report.

Persons: Read Organizations: Reuters Locations: Cambridge , Massachusetts

☆ Disney beat back activist investor Nelson Peltz. Now the real work begins
▼ + stars: | 2024-04-04 | by ( Alex Sherman | ) www.cnbc.com time to read: +8 min

That would mark a milestone for the company, which launched Disney+ on Nov. 12, 2019. It would be the first time Disney showed it can make money from Disney+, Hulu and ESPN+. Disney will need to sustain and grow streaming profit to justify Iger's five-year-old strategy to go "all in" on the segment. Disney has already offered ESPN+, a sports streaming service that has some but not all of ESPN's content. Trian Partners' Nelson Peltz, who failed to join Disney's board Wednesday after securing just 31% of the vote, publicly questioned what he has called Disney's "woke" content strategy.

Persons: Bob Iger, Sun Valley , Idaho David A, Iger, Disney, they've, Cowen, Doug Creutz, Needham, Laura Martin, Gabby Jones, David Greenbaum, Sean Bailey, Alan Bergman, Indiana Jones, Nelson Peltz, Peltz, shouldn't, Bob Chapek, He'll, Bergman, Jimmy Pitaro, Josh D'Amaro, Dana Walden, They've, Cowen's, you've, That's, it's, — CNBC's Sarah Whitten, Needman's Martin Organizations: Disney, Allen & Company Sun Valley Conference, Grogan, CNBC Disney, Disney Disney, Hulu, ESPN, Co, Warner Bros . Discovery, Fox, CNBC, Athletic, Bloomberg, Getty, Marvel, Star Wars, Searchlight, Walt Disney Motion, Disney Entertainment, Century Fox, Sony, Disney's Marvel Studios, Trian Partners, Financial Times, Resorts, Iger Locations: Sun Valley , Idaho, Brooklyn , New York, Iger, Parks, Disney

☆ A wiser Greg Coffey, Elliott's Etsy love, and a return to fundamentals: A rundown of the hedge-fund industry's annual best-pitch conference
▼ + stars: | 2024-04-04 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe smart money gathered in Manhattan on Wednesday didn't spend their time pitching artificial-intelligence venture bets or bitcoin-linked trading products. At this year's Sohn conference, some of the biggest names in hedge funds — such as Greenlight's David Einhorn, Elliott's Jesse Cohn, and Kirkoswald's Greg Coffey — preached fundamentals and restraint. Even hedge funds that are constantly stirring the pot, such as Bridgewater and Paul Singer's Elliott Management, were even-keeled. The activist investor, who's become a recurring nightmare for anxious CEOs across the country, is not looking to burn anything down or start an M&A spree.

Persons: —, year's Sohn, Greenlight's David Einhorn, Jesse Cohn, Greg Coffey —, Einhorn, Elon Musk's Tesla, Greg Coffey, Oz, Moore —, Coffey, Paul Singer's Elliott, Ray Dalio, Karen Karniol, Elliott, Marc Steinberg, who's, You've, you've Organizations: Service, Business, Solvay, Paul Singer's Elliott Management, Bridgewater Locations: Manhattan, Belgium, Belgian, GLG, London, New York, Bridgewater, China

☆ Robert Kiyosaki, David Einhorn, and Gary Shilling are all worried about inflation — and so is the Fed
▼ + stars: | 2024-04-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The central bank's current chief, Jerome Powell, is yet to defeat his mythical beast — and Wall Street is getting worried. Powell warned on Wednesday that the Fed's fight against inflation isn't over after annualized price growth accelerated to 3.2% in February. AdvertisementRaising the alarmBank of America analysts have suggested that stubborn inflation could mean the Fed doesn't start cutting rates until March next year. It's no wonder, then, that investors are waiting impatiently for the Fed to cut rates. Fundstrat's famously bullish boss, Tom Lee, proclaimed this week that it's dropping "like a rock" and the first rate cut is still likely to be in June.

Persons: —, Paul Volcker, Jerome Powell, Powell, Greenlight Capital's David Einhorn, Einhorn, Greenlight, Dad, Robert Kiyosaki, Gary Shilling, Julia La Roche, We've, Merrill Lynch's, they've, Shilling, It's, Fundstrat's, Tom Lee Organizations: Service, Federal, Business, of America, CNBC, Trust, Wall Street, Fed

☆ A.L.S. Drug Relyvrio Will Be Taken Off the Market, Its Maker Says
▼ + stars: | 2024-04-04 | by ( Pam Belluck | ) www.nytimes.com time to read: +1 min

The maker of the newest treatment approved for amyotrophic lateral sclerosis said Thursday that it would withdraw the drug from the market because a large clinical trial did not produce evidence that the treatment worked. The company, Amylyx Pharmaceuticals, said in a statement that it had started the process of withdrawing the drug in the United States, where it is called Relyvrio, and in Canada, where it is called Albrioza. As of Thursday, no new patients will be able to start the drug, while current patients who wish to continue taking the medication can be transitioned to a free drug program, the company said. It decided to greenlight the medication anyway, instead of waiting two years for results of a large clinical trial, citing data showing the treatment to be safe and the desperation of A.L.S. The disease robs patients of their ability to control muscles, speak and breathe without assistance and often causes death in two to five years.

Organizations: Amylyx Pharmaceuticals, and Drug Administration Locations: United States, Canada

☆ A wiser Greg Coffey, Elliott's Etsy love, and a return to fundamentals: A rundown of the hedge fund industry's annual best pitch conference
▼ + stars: | 2024-04-04 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

The smart money gathered in Manhattan Wednesday didn't spend their time pitching artificial intelligence venture bets or bitcoin-linked trading products. At this year's Sohn conference in New York, the biggest names in hedge funds — such as David Einhorn, Elliott's Jesse Cohn, and Kirkoswald's Greg Coffey — preached fundamentals and restraint. Solvay, Einhorn said, has "a relatively high and stable margin, a high return on capital, and a good return of capital." Even hedge funds that are constantly stirring the pot, such as Paul Singer's Elliott Management and Bridgewater, were even-keeled. "You've got a durable business with real differentiation, you've got a strong management team executing," he said.

Persons: year's Sohn, David Einhorn, Jesse Cohn, Greg Coffey —, Einhorn, Elon Musk's, Greg Coffey, Oz, Moore —, Coffey, Emso, Paul Singer's Elliott, Ray Dalio, Karen Karniol, Sohn, Elliott, Marc Steinberg, You've, you've Organizations: Greenlight, Business, Solvay, Paul Singer's Elliott Management, Bridgewater, Elliott Locations: Manhattan, New York, Belgium, GLG, Australian, London, Bridgewater, China

☆ David Einhorn thinks inflation is reaccelerating and has made gold a very large position
▼ + stars: | 2024-04-03 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

"I think inflation is reaccelerating. I think there's a lot of indication of that," the famed investor said during the Sohn Investment Conference in New York. As a defense play against a potential market downturn, Einhorn also said he is loading up on his gold position . We own physical bars as well, so gold is a very large position for us," Einhorn said. Value investing opportunities Despite his concerns, Einhorn said opportunities are emerging in value stocks, which he thinks are misunderstood nowadays.

Persons: David Einhorn, Einhorn, CNBC's Scott Wapner, there's Organizations: Greenlight, Federal Reserve, Sohn Investment, Greenlight Capital, Trust, Solvay Locations: New York, Belgium

Greenlight's David Einhorn said Wednesday at the Sohn Investment Conference in New York he has bought shares of European chemicals company Solvay . "Solvay is an essential chemical company that holds the number one position across all of its markets" Einhorn said. "While all of these are thought of as commodity businesses, they are higher margin and much more stable than most commodity chemical businesses." "All told, Solvay is a commodity chemical company with relatively high and stable margin, a higher return on capital." "At 3.7 times targeted 2028 earnings per share with almost a double-digit dividend yield, it seems too cheap," Einhorn added.

Persons: Greenlight's David Einhorn, Solvay, Einhorn, CNBC's Scott Wapner, Yun Li Organizations: Sohn Investment, Solvay, Wall, Greenlight Locations: New York, U.S, Brussels, Belgium

☆ Greenlight's David Einhorn: The future of value of investing is dead
▼ + stars: | 2024-04-03 | 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 EmailGreenlight's David Einhorn: The future of value of investing is deadDavid Einhorn, president at Greenlight Capital, and CNBC's Scott Wapner join 'Power Lunch' to discuss his thesis behind buying shares of European chemicals company Solvay, his outlook on value investing, and more.

Persons: Greenlight's David Einhorn, David Einhorn, CNBC's Scott Wapner Organizations: Greenlight, Solvay

☆ Greenlight's David Einhorn breaks down why he believes the market is 'fundamentally broken'
▼ + stars: | 2024-04-03 | 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 EmailGreenlight's David Einhorn breaks down why he believes the market is 'fundamentally broken'David Einhorn, president at Greenlight Capital, and CNBC's Scott Wapner join 'Power Lunch' to explain why he believes the market is broken, whether he believes markets are in a bubble, and more.

Persons: Greenlight's David Einhorn, David Einhorn, CNBC's Scott Wapner Organizations: Greenlight

The 2024 Sohn Investment Conference took place in New York took place Wednesday, with a slew of hedge fund managers highlighting their top ideas. Here are some of the top picks mentioned: Vijay Shilpiekandula, Dilation Capital Investment Idea: ASML Vijay Shilpiekandula of Dilation Capital, who was named the Sohn Idea Contest Winner, presented ASML as his best stock idea. Jesse Cohn, Elliott Investment Management Investment Idea: Etsy E-commerce platform Etsy is an undervalued company, according to Elliott Investment Management managing partner Jesse Cohn. Seth Fischer, Oasis Management Investment Idea: Kao There's an underappreciated buying opportunity in Japanese global chemicals company Kao, according to Seth Fischer, founder and CIO at Oasis Management. David Einhorn, Greenlight Capital Investment Investment idea: Solvay Greenlight's David Einhorn unveiled Solvay as his top investment idea , saying the European chemicals company is a market leader with an attractive valuation.

Persons: Vijay Shilpiekandula, Vijay, ASML, Shilpiekandula, Jesse Cohn, Etsy, Cohn, Seth Fischer, Kao, Fischer, David Einhorn, Solvay, Einhorn, Michael Buckley, Natera, Buckley, Mohammed Anjarwala, Carpenter, Anjarwala Organizations: Elliott Investment Management Investment, Elliott Investment Management, Body, Oasis Management Investment, Oasis Management, Nikkei, Greenlight Capital Investment Investment, Solvay, Duquesne Family, Duquesne Family Office, Global, Technology Carpenter Technology, Boeing, Airbus Locations: New York, Europe, Bath

☆ Trump Spoke Recently With Saudi Leader
▼ + stars: | 2024-04-03 | by ( Maggie Haberman | Jonathan Swan | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump spoke recently with Saudi Arabia’s de facto ruler, Prince Mohammed bin Salman, their first publicly disclosed conversation since Mr. Trump left office in January 2021, according to two people briefed on the discussion who were not authorized to speak publicly about it. It was unclear what the two men discussed and whether it was their only conversation since Mr. Trump’s departure from the White House. Neither representatives for Mr. Trump nor an official of the Saudi government responded to requests for comment. If President Biden manages to clinch a trilateral megadeal — which would probably include a Saudi-Israeli peace agreement, an Israeli commitment to a two-state solution, a U.S.-Saudi defense treaty and U.S.-Saudi understandings on a civilian nuclear program in Saudi Arabia — he will need support from two-thirds of senators to ratify the U.S.-Saudi treaty. Mr. Trump, as the presumptive Republican nominee in firm command of his party, could potentially either block any deal or greenlight it for congressional Republicans.

Persons: Donald J, Trump, Prince Mohammed bin Salman, Trump’s, Biden, Saudi Arabia — Organizations: Mr, U.S ., Republican, Republicans Locations: Saudi, Israel, U.S, Saudi Arabia

☆ Greenlight's David Einhorn on his top investment idea and the future of value investing
▼ + stars: | 2024-04-03 | 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 EmailGreenlight's David Einhorn on his top investment idea and the future of value investingDavid Einhorn, president at Greenlight Capital, and CNBC's Scott Wapner join 'Power Lunch' to discuss his thesis behind buying shares of European chemicals company Solvay, his outlook on value investing, and more.

Persons: Greenlight's David Einhorn, David Einhorn, CNBC's Scott Wapner Organizations: Greenlight, Solvay

CNN —The Biden administration is close to approving the sale of as many as 50 American-made F-15 fighter jets to Israel, in a deal expected to be worth more than $18 billion, according to three people familiar with the matter. Since Hamas’ attack on Israel in October, which killed over 1,200 Israelis, the US has made more than 100 foreign military sales to Israel. Most of those have fallen under the specific dollar amount that requires a notification to Congress, an official familiar with the matter previously told CNN. A congressional aide told CNN that House Foreign Affairs Committee Chairman Michael McCaul has also approved the transaction to proceed to formal congressional notification. “What you hear about the frustrations within the administration over the Israel policy, it is real,” one US diplomat told CNN on condition of anonymity.

Persons: CNN —, Biden, Sen, James Risch, Michael McCaul, Ben Cardin, Greg Meeks, Biden administration’s, Joe Biden’s, “, ”, Israel won’t, Josh Paul, Matthew Miller, Israel what’s, Pat Ryder, ” Steven Katz, Katz Organizations: CNN, Hamas, Biden, Democratic, House Foreign Affairs, Foreign, State Department, Republican, Senate Foreign Relations, House Foreign, Congressional Research Service, UN, The State Department, State Department’s Bureau, Political, Military Affairs, ”, Pentagon, Army, Defense, U.S, National Intelligence Locations: Israel, Gaza, State, Washington , DC, United States, “ Israel, Iran

☆ FCC cracks down on cable TV ‘junk fees’
▼ + stars: | 2024-03-14 | by ( Brian Fung | ) edition.cnn.com time to read: +9 min

The new junk fees rule requires cable and satellite TV companies to list “all-in” prices to consumers in their billing and marketing materials — including any miscellaneous fees, such as those related to sports programming or local broadcast channels. Between 24% and 33% of the typical consumer’s bill can be attributed to fees, consumer advocates told the FCC. In a separate move last year, the FCC proposed banning certain cable fees altogether, including early termination fees that the agency says hinder competition and prevent customers from easily switching providers. Mending the digital divideIn addition to cable, the FCC also addressed internet availability during its Thursday meeting. Defining high-speed internetThe report also reflects newly adopted revisions in how the country defines high-speed internet, which the FCC voted to approve on Thursday.

Persons: “, ”, Jessica Rosenworcel, ’ ”, NCTA, Dave Wallace, Amira Karaoud, Biden, Rosenworcel, you’re, Anne Neuberger, Neuberger Organizations: Washington CNN, Federal Communications Commission, FCC, Energy Star, National Institute for Standards, Technology, Logitech, LG, Samsung, Consumer, European Union Locations: Kentucky, Louisville , Kentucky, U.S, greenlight, Las Vegas, America

☆ How Jim Cramer went from living in his car to hosting ‘Mad Money’ for nearly two decades
▼ + stars: | 2024-03-10 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

For nearly two decades, Jim Cramer and his team of "Mad Money" researchers and producers have tried to break the "magician's code" of Wall Street to help individual investors make money in the stock market. They talked about the days when Cramer was a crime reporter and lived in his car in California before eventually landing on Wall Street. "To entertain is not what people think of" when they think of Wall Street, he added. Indeed, the concept behind "Mad Money" – a fun, but educational show about investing featuring calls from at-home viewers – had its doubters at the beginning, Cramer and Gilgan said on stage. Watch the video above to hear the full Cramer and Gilgan conversation moderated by CNBC's Frank Holland.

Persons: Jim Cramer, Cramer, Regina Gilgan, –, Gilgan, greenlight, Cramer's, there's, CNBC's Frank Holland Organizations: CNBC, Super, Philadelphia Eagles, New England Patriots Locations: California

☆ F.D.A. Delays Action on Closely Watched Alzheimer’s Drug
▼ + stars: | 2024-03-08 | by ( Pam Belluck | ) www.nytimes.com time to read: +1 min

The Food and Drug Administration has decided to delay action on a closely watched Alzheimer’s drug, donanemab, which the agency was widely expected to approve this month. will instead require donanemab to undergo the scrutiny of a panel of independent experts, the drug’s maker, Eli Lilly and Company, said Friday. The decision is likely to surprise many Alzheimer’s experts, doctors and patients who had expected the medication would soon be on the market. The F.D.A.’s move was startling to the company, which had been planning for the agency to greenlight the drug during the first quarter of this year. “We were not expecting this,” Anne White, an executive vice president of Lilly and president of its neuroscience division, said in an interview.

Persons: Eli Lilly, “, Lilly, ” Anne White, ” Organizations: Drug Administration Locations: donanemab

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