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The FTC unveiled its final “click-to-cancel” rule, which requires businesses provide a way for consumers to cancel their subscriptions that is just as easy as it is to sign up. That includes everything from gym memberships to digital streaming and e-commerce to cable TV service. “Too often, businesses make people jump through endless hoops just to cancel a subscription,” said Commission Chair Lina Khan in statement by the FTC. Other times they might’ve been able to sign up online, but in order to cancel they had to call and talk to a representative. Other kinds of memberships required them to actually show up in person to cancel their subscription,” Brett said.
Persons: , Lina Khan, Laura Brett, Brett, you’ve, ” Brett, Natnan, ABCmouse, Brian Fung, Nathaniel Meyersohn Organizations: CNN, Federal Trade Commission, FTC, Federal, National Advertising Division, BBB
Vice President and Democratic presidential candidate Kamala Harris arrives for a campaign event at the Dort Financial Center in Flint, Michigan, October 4, 2024. Kamala Harris on Wednesday distanced herself from President Joe Biden and bashed her Republican presidential rival Donald Trump in a heated interview with Fox News anchor Brett Baier. The 26-minute interview was focused heavily on the issue of immigration, and Harris again blamed Trump for killing a bipartisan bill aimed at addressing the crisis at the southern border. The interview was tense from the first exchange, when Baier repeatedly interrupted Harris' opening answer about immigration. I'm in the middle of responding to the point you're raising, and I'd like to finish," Harris said early on.
Persons: Kamala Harris, Joe Biden, bashed, Donald Trump, Brett Baier, Joe Biden's, Harris, Baier, Trump Organizations: Democratic, Dort Financial, Republican, Fox News Locations: Dort, Flint , Michigan
A next generation agendaGITEX GLOBAL will span 40 halls across two locations, bringing together the entire international technology community to set the global agenda for the future AI economy. With the global AI market projected to reach $2.7 trillion by 2032, the event will showcase the latest advancements driving this remarkable growth. GITEX GLOBAL 2024 AGENDA MONDAY: TECH INVESTMENT DAY - Explore the latest investment trends that are reshaping global wealth. In addition, the World Future Economy Digital Leaders Summit will see global innovators and influential leaders address critical priorities shaping the future of technology. By bringing together diverse stakeholders from across the globe, the event is poised to shape the future of the AI economy and reinforce Dubai’s vision of becoming a global tech hub.
Persons: Martin Pfeiffer, Fabrizio del Maffeo, Alexander Zhavoronkov, Dr, Diane Janosek, Brett Johnson, Ekaterina Serban, Surinder Organizations: Dubai World Trade, Dubai Harbour, TECH, Tech, Google, Huawei, IBM, Microsoft, Nvidia, Oracle, European NVIDIA, , InSilico, supercomputing, UAE Cybersecurity Council, TCB, National Security Agency, Pentagon, Bosch, Paramount Locations: Dubai, European, Hong Kong
The Federal Reserve is about a month into its rate-cutting cycle, and money market fund yields are already starting to pay less. That's where short and ultra-short duration bond funds and ETFs may come into play. An eye on duration Duration is a measure of a bond's price sensitivity when interest rates fluctuate. In that case, ultra-short bond funds and short-term bond funds might be "a natural landing spot for that cash." Those ultra-short bond funds have one to three years of duration and offer some stability day to day, Bartolini added.
Persons: Brett Sheely, Matthew Bartolini, Bartolini, AllianceBernstein's Sheely, , Vincent Caintic Organizations: Federal, Investment Company Institute, State Street Global Advisors, SPDR, SPDR Americas Research, Bond, SEC, Federal Deposit Insurance Corp, . Locations: SPDR Americas
Longtime friends and neighbors fell out of touch and in some cases died, leaving the couple more isolated and vulnerable. Not long before he met the Davises, Maw pitched a local businessman on investing in his engine business. In the Davises, he had met a couple who had sizable bank accounts and an impressive car collection. The buyer also said he paid more for LaDonna’s property than for two larger buildings on the same street.) The Davises' property on Holt Avenue in West Covina.
Persons: James, LaDonna, , Michael McCasland, Min Zaw Maw, Maw, , Javier Puga, ” Puga, Ladonna’s, Frank Piro, Piro, Amis, didn’t, McCasland, Davis, Min Maw, “ Maw ingratiated, ” McCasland, Rich Schapiro, Diana Homeier, ” Homeier, ” Maw, Maw “, LaDonna Davis, Moe, Gilbert Amis, ” Amis, Brett Hitchman, ” Piro, ” LaDonna, Min, Juan Dotson, Dotson, Michael Ebiner, ” Ebiner, ’ ”, Gus May, Hitchman, ” Hitchman, LaDonna “, Ebiner, breathlessly, Stacey Wood, Wood, Organizations: Powertek Engineering Group, Pacific Western Bank, Citizens Business Bank, NBC News, McCasland, Holt, St, NBC, Nascar, Google, Protective Services, Center, Adult Protective Services, , Public Guardian, West, West Covina police, Bank of America, Scripps College Locations: Holt, Myanmar, Arcadia, LaDonna, West Covina, Vincent, St, Upland, Calif, Angeles County, McCasland, Los Angeles
— In their first and only debate of an unusually competitive Maryland Senate race Thursday, Prince George's County Executive Angela Alsobrooks and former Gov. Larry Hogan sparred over the issue of abortion and whether the deep blue state would be best represented by a staunch Democrat or an anti-Donald Trump Republican. Hogan distanced himself from the former president and current GOP presidential nominee, framing himself as someone willing to put "country over party." Alsobrooks dismissed that frame, arguing that a vote for Hogan would mean a vote for a Senate Republican majority that would threaten abortion rights and support for Ukraine. Hogan criticized Alsobrooks and "both sides" of the aisle for "trying to change the rules so they can pack the court."
Persons: OWINGS MILLS, Angela Alsobrooks, Larry Hogan sparred, Donald Trump, Hogan, Alsobrooks, Chuck Todd, — Deborah Weiner, Tracee Wilkins, Jeff Salkin — Hogan, Roe, " Hogan, Alsobrooks —, Wes Moore, Barack Obama —, Maryland's, Joe Biden, Amy Coney Barrett's, Barrett, Brett Kavanaugh, Trump, “ I’m, , I'm, I've, Democratic Sen, Ben Cardin, Chris Van Hollen, Cardin, Benjamin Netanyahu's, Van Hollen's, Netanyahu's, I'm Angela Alsobrooks, Alsobrooks wouldn't Organizations: Maryland Senate, Democrat, Donald Trump Republican, Republican, Ukraine, Democratic, NBC News, NBC, NBC Washington, Maryland Public Television, Republican Party, Maryland, Gov, National Democrats, Republicans, GOP, Supreme, Republican Jewish Coalition, Foreign Relations, NATO Locations: Md, , Prince George's, Maryland, Baltimore, Trump, Israel, Gaza, U.S, Ukraine, Washington
CNN —The Supreme Court on Tuesday signaled a willingness to uphold a Biden administration regulation on “ghost guns,” mail-order kits that allow people to build untraceable weapons at home and that are turning up at crime scenes with greater frequency. The difference here, she said, is that the ghost guns are marketed to be built into guns and serve no other conceivable purpose. President Joe Biden’s administration told the court in briefing that police departments have faced an “explosion of crimes involving ghost guns” in recent years. In 2017, police submitted about 1,600 ghost guns recovered at crime scenes for tracing. After that decision, a lower court stepped in to block the regulations as applied to two manufacturers.
Persons: , John Roberts, ” Roberts, ” Peter Patterson, we’ve, Samuel Alito, chuckles, , Justice Alito, , Elizabeth Prelogar, Biden, Roberts, Amy Coney Barrett, Alito, ” Alito, Barrett, Prelogar, Brett Kavanaugh, ” Kavanaugh, ” Prelogar, Kavanaugh, Joe Biden’s, Garland, Joan Biskupic Organizations: CNN, Alcohol, Tobacco, Firearms, Explosives, Ikea, , CNN Conservative, ATF, US Locations: HelloFresh, Texas
The White House, however, instructed the FBI to only interview 10 witnesses, according to the report. The report sheds light on the tight limits the White House imposed on the FBI as it undertook a “supplemental” background investigation while Kavanaugh’s confirmation hung in the balance. According to the report, those Trump comments were then flagged by an FBI public affairs office in emails to others at the agency, including some top officials. The White House finally told the official that it would be in touch it if had additional guidance to offer on the supplemental investigation. With the report, Whitehouse is calling for the agency to put in place standard procedures for how such supplemental investigations should be handled.
Persons: Donald Trump’s, Brett Kavanaugh, Kavanaugh, , Christine Blasey Ford, Trump, , Rhode Island Sen, Sheldon Whitehouse, Joe Biden, Whitehouse, ” Whitehouse, CNN’s Hannah Rabinowitz, John Fritze Organizations: CNN, FBI, White, Trump White House, NBC, Rhode Island, House
Harris has proposed expanding the small business tax credit from $5,000 to $50,000. She even mentioned a key proposal in her opening answer at the presidential debate: expand the small business tax credit 10-fold, from $5,000 to $50,000. Theodos called small businesses "essential" for the US economy, and Buttle said they're a crucial source of innovation. The Pew Research study found 61% of small businesses are majority-owned by men and, as of 2021, 85% were majority-white owned. "We're talking about community businesses, micro-businesses, businesses where the founder doesn't have as much net worth," Theodos told BI.
Persons: Harris, , Patricia Oswlad, Oswald, Kamala Harris, Rhett Buttle, Joe Biden, Taylor McCleneghan, Danielle Parhizkaran, Brett Theodos, Garret Watson, Theodos, Buttle, McCleneghan, Watson, Chip Somodevilla, they're, Mary Hansen, Francine Orr, doesn't Organizations: Service, Business, Brisa Systems, Small Business, Small, Boston Globe, Getty, Urban Institute, Foundation, Tax Foundation, Pew Research Center, American University, Los Angeles Times, Congress, Pew Research Locations: Chicago
She found exactly what she was looking for in the NBC missing persons procedural drama “Found,” which returns for its sophomore season on Thursday. That story cited the Black and Missing Foundation, a nonprofit dedicated to bringing awareness to missing people of color. Okoro Carroll did not consult the organization until the end of the first season, but said the founders have given their seal of approval. Okoro Carroll began researching the role that public relations play in missing persons cases, which the Department of Justice has said can add up to 600,000 new missing people every year. Trae Patton / NBCUniversalAt the time, Okoro Carroll knew that a show with a deeply flawed Black female lead would be a hard sell for network TV.
Persons: Veronica Fisher, ” Shanola Hampton, Nkechi Okoro Carroll, Hampton, Gabi Mosley, ” Hampton, hasn’t, , Okoro Carroll, Gabi, Sir, , Mark, Paul Gosselaar, Nkechi Okra Carroll, Shanola Hampton, Kelli Williams, Trae Patton, Shonda Rhimes, Kerry Washington’s Olivia Pope, Viola Davis ’ Annalise Keating, , antiheroes, Viola, Kerry, Shonda, Gaby “, I’m, Brett Dalton, Mark Trent, Anisa Nyell Johnson, Shaker, Karan Oberoi, Dahn, Margaret, NBC's, Matt Miller, Gabi’s, Lacey, Gabrielle Walsh, she’s, He’s, Sonay Hoffman, we’re, we’ve Organizations: Showtime, NBC, , NBC News, D.C, Department of Justice, Bell, Comcast Locations: Washington, Pasadena , Calif, Hampton,
Boeing and Virgin Galactic have settled a lawsuit stemming from Boeing's work on Virgin Galactic's space tourism "mothership," according to a Thursday filing in Virginia federal court. Virgin Galactic attorney Brett Williamson and Boeing said in emails that the lawsuit was "satisfactorily resolved by mutual agreement of the parties." Boeing sued Virgin in March, accusing it of stealing trade secrets and refusing to pay $25 million owed for Boeing's work. Virgin said it was entitled to monetary damages of at least "the difference between the $45.6 million paid by Virgin Galactic to Boeing and the substantially lower actual value of Boeing's performance." The case is The Boeing Company and Aurora Flight Sciences Corp v. Virgin Galactic LLC, U.S. District Court for the Eastern District of Virginia, No.
Persons: Richard Branson, Brett Williamson, countersued, Virgin Organizations: Virgin Group Ltd, Virgin Galactic Holdings Inc, New York Stock Exchange, Boeing, Virgin Galactic, Virgin, Eastern, Virgin Galactic's, Boeing's Aurora Flight Sciences, Boeing Company, Aurora Flight Sciences Corp, Virgin Galactic LLC, of Locations: New York, U.S, Virginia, Virgin, California, of Virginia
They were dressed supposedly in clothes from Brooks Brothers rather than whatever people in Miami might have been wearing at the time. Recalling the Brooks Brothers riotIt’s worth focusing in on the Brooks Brothers riot of 2000 and comparing it with the request for a Detroit riot in 2020. Comparisons between what the Trump campaign tried in 2020 and what the George W. Bush campaign did in 2000 are not new. Heye should know, since he was part of the Brooks Brothers riot. “Shouldn’t that remain the standard regardless of who the candidates are?”The outrage modelOthers have a dimmer view of the Brooks Brothers riot.
Persons: Donald Trump, Trump, , Jack Smith, Brooks, Eric Seals, Imagn Smith, Trump Smith, Tanya Chutkan, Obama, Smith, George W, Bush, Douglas Heye, Heye, ” Heye, , Hurricane Helene, , Julian Zelizer, ” Zelizer, Joan Biskupic, – John Roberts, Brett Kavanaugh, Amy Coney Barrett – Organizations: CNN, Trump, Republican, TCF Center, Detroit Free Press, USA, FBI, Capitol, Brooks, Republicans, Washington Post, Princeton University, GOP, US Locations: Detroit, Washington , DC, Miami, Dade, Florida, Washington, Hurricane, North Carolina, Reading
Priceline CEO on using OpenAI tech to make travel easier
  + stars: | 2024-10-03 | 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 EmailPriceline CEO on using OpenAI tech to make travel easierBrett Keller, Priceline CEO, joins CNBC's 'The Exchange' to discuss his company working with OpenAI, how AI could change the travel industry, and more.
Persons: Brett Keller
CNN —The New York Mets and Atlanta Braves played out one of the all-time classic MLB doubleheaders on Monday. The Mets clung on in the bottom of ninth to clinch an 8-7 victory and their spot in the postseason. David J. Griffin/Icon Sportswire/APMeanwhile, a two-run homer from Ozzie Albies saw Atlanta take a 3-0 lead going into the top of the eighth. New York Mets' Francisco Lindor hit a two-run homer to seal victory for his team. The Atlanta Braves sealed their own spot in the postseason after the second game of the doubleheader as well.
Persons: Francisco Lindor, Pierce Johnson, Lindor, Spencer Schwellenbach, David J, Griffin, Ozzie Albies, Joe Jiménez, Raisel Iglesias, Brandon Nimmo, Jason Allen, I’ve, ” Lindor, Chris Sale, Grant Holmes, Brett Davis, Gio Urshela, Marcell Ozuna, Terry McGuirk, Organizations: CNN, The New York Mets, Atlanta Braves, Mets, Braves, NL, Atlanta, New York Mets, USA, ” Braves
In a court filing on Monday, Adams attorney Alex Spiro cites a groundbreaking June SCOTUS decision as reason enough to toss the bribery count. AdvertisementFederal prosecutors say Adams enjoyed nearly a decade of globe-circling Turkish Airlines trips. "I know," the feds say Adams responded when told by the staffer that Turkey saw this as "his turn" to reciprocate. (In addition to Spiro, Adams is represented by Avi Perry and William Burck. Adams has pleaded not guilty to the indictment, which also charges him with illegally accepting campaign contributions from Turkish officials and others via straw donors.
Persons: SCOTUS, Adams, , Eric Adams, It's, Alex Spiro, Snyder, Spiro, Michel Paradis, Paradis, Brett Kavanaugh, Avi Perry, William Burck, Anthony Kennedy, Kavanaugh, Spiro didn't Organizations: New York City, Service, US, Indiana, Columbia Law School, Prosecutors, Turkish Airlines, Fox Corp, New York Times, Turkish, Justice Department Locations: New York, United States, Turkey, Turkish, Spiro, Burck
Why analysts are calling Cava the next Chipotle
  + stars: | 2024-09-27 | by ( Natalie Rice | ) www.cnbc.com   time to read: +2 min
Fast-casual Mediterranean chain Cava has had an impressive year since going public in June 2023. Now, Wall Street analysts see shades of another fast-casual success story: Chipotle Mexican Grill . In its most recent results for the second quarter of 2024, Cava bucked industry trends by posting same-store sales growth of 14.4% and traffic growth of 9.5%. Cava Group co-founder and CEO Brett Schulman has said its prices increased 15% between 2019 and 2024. "You hear a lot about the value wars lately.
Persons: Nick Setyan, Brett Schulman, Schulman, That's, Cava, Chipotle Organizations: Wall Street, Wedbush Securities, Cava Group Locations: Cava, Chipotle
A new Senate report details what went wrong before the assassination attempt against Donald Trump in July. More adults than thought may have an iron deficiency. → After a sniper with local law enforcement texted a Secret Service leader about the man who would soon fire shots at Trump, it took seven minutes for the Secret Service leader to send an email relaying the information and photos. It’s unclear how long it then took other members of the Secret Service to read the email. More coverage of Donald Trump:The Senate unanimously passed legislation to boost Secret Service protection for presidential candidates.
Persons: Donald Trump, Trump, Abbott, Costello, Who’s, , Democratic Sen, Richard Blumenthal, ” Blumenthal, Ryan Routh, Helene, Ron DeSantis, , Leo Buckley, Kamala Harris, Sen, JD Vance, Harris, Chuck Todd, Elise Stefanik, ” Israel, Brett Favre’s, Emmanuel Littlejohn, Kenneth Meers, he’s, Sean “ Diddy ” Combs, Eunice Yoon, — Jennifer Jett, Elizabeth Robinson Organizations: Senate Homeland Security Committee, Investigations, Secret Service, Democratic, Service, Trump, Top U.S, Florida Gov, NBC, Republican, GOP, NBC News, The Justice Department, Visa, of Fame, U.S . Forest Service, CNBC, White Locations: U.S, Butler , Pennsylvania, Trump’s Florida, Iran, Florida, Mexico, Bend, Pittsburgh, Haitian, Springfield , Ohio, Lebanon, Tel Aviv, Oklahoma, drugging, Shenzhen, China, Asia
We’ve had challenges getting the prime minister across the line. “We stay up nights trying to figure out a way to get across the line on this ceasefire and hostage deal. And we have spoken out directly about our concern when we’ve seen the prime minister not take steps that we think are necessary to get to that deal,” he said. Vice President Kamala Harris has frequently cited the importance of reaching a ceasefire and hostage deal but hasn’t detailed any new approach in reaching an agreement. “Ultimately the thing that is going to unlock everything else in that region is getting this deal done,” she said last week.
Persons: Biden, Joe Biden, State James Baker, George Mitchell’s, , , Bill Burns, Antony Blinken, Brett McGurk –, Blinken, Benjamin Netanyahu, We’ve, we’re, Jake Sullivan, we’ve, Sinwar, they’re, it’ll, Kamala Harris, “ I’m, I’ve, Yahya Sinwar Organizations: CNN, Hamas, State, United Nations, State Department, CIA, MSNBC, UN Locations: Gaza, Lebanon, East, Northern Ireland, New York, Israel, United States, American, Saudi Arabia
The Summary Brett Favre revealed on Tuesday that he has Parkinson's disease. Hall of Fame quarterback Brett Favre’s announcement that he has Parkinson’s disease is bringing renewed attention to the potential links between collision sports and a risk of brain disease. It definitely says something.”Neurologists who treated boxing legend Muhammad Ali concluded in 2022 that his medical history supported a diagnosis of young-onset Parkinson’s disease, but they could not link the disease to head trauma. Many former football players have been found to show signs of the brain disease, which can only be diagnosed post-mortem. Crutchfield said it’s important for players to take breaks after a head trauma to avoid more serious brain injuries.
Persons: Brett Favre, Brett Favre’s, Favre, , I’ve, Parkinson’s, ” Favre, Angelina Katsanis, AP Favre, , Shannon Shaffer, Hannah Bruce, Bruce, ” Neurologists, Muhammad Ali, Ali, Kevin Crutchfield, ’ ”, Crutchfield, Thor Stein, ” Stein, CTE, Stein Organizations: of Fame, NFL, POLITICO, AP, National Football League, Green Bay Packers, Army, , Cleveland Clinic, Rune Labs, Boston University Alzheimer’s Disease Research, Hackensack Meridian Health, Boston, CTE Locations: Mississippi, Parkinson’s
Former Green Bay Packers quarterback Brett Favre said he's been diagnosed with Parkinson's, a stunning disclosure made to Congress on Tuesday while testifying about his potential misuse of taxpayer money. Favre, appearing before the House Ways and Means Committee, has been accused of improperly using political connections to redirect public money to his alma mater and his own pocket. "Sadly, I also lost an investment in a company that I believed was developing a breakthrough concussion drug I thought would help others, and I’m sure you’ll understand why it’s too late for me because I’ve recently been diagnosed with Parkinson’s," Favre told lawmakers. Recently, the doctor, running the company pleaded guilty to taking (public) money for his own use." The Hall of Fame QB improperly received program money for speaking engagements that he never made, according to a state auditor.
Persons: Brett Favre, he's, Favre, I’ve, Parkinson’s, Angelina Katsanis, who’d, Phil Bryant Organizations: Green Bay Packers, Parkinson's, POLITICO, AP, JAMA, NFL, Assistance, Fame, Gov, University of Southern Locations: Canton, Washington, University of Southern Mississippi
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Brett Favre said he's recently been diagnosed with Parkinson's disease. Prevacus and its investors, including Favre, have been tied up in a Mississippi welfare fraud case. Go to newsletter preferences Thanks for signing up! AdvertisementFormer NFL star quarterback Brett Favre revealed during a congressional hearing on Tuesday that he had "recently been diagnosed with Parkinson's" — a neurodegenerative disease. "I'm sure you'll understand, while it's too late for me because I've recently been diagnosed with Parkinson's, this is also a cause dear to my heart."
Persons: Brett Favre, he's, Favre, , it's, I've Organizations: pharma, Service, NFL, Business Locations: Mississippi
Prosecutors have already charged Ryan Wesley Routh with two firearms offenses, and a federal magistrate judge on Monday ordered him detained pending further court proceedings. The attempted assassination charge is “pretty rare,” according to former FBI Deputy Director Andrew McCabe, a CNN senior law enforcement analyst. But it has been used in other high-profile attempted assassination cases, such as that of a man charged with traveling to Brett Kavanaugh’s Maryland home with a gun, burglary tools and other equipment in an apparent attempt on the Supreme Court justice’s life. To prove their case, prosecutors would have to convince a jury that Routh took affirmative steps to carry out a plot to kill the former president. Ron DeSantis said last week that the state “will be conducting its own investigation regarding the attempted assassination at Trump International Golf Club.” Routh has not been charged in state court.
Persons: Donald Trump, Mark Dispoto, Ryan Wesley Routh, Andrew McCabe, Brett Kavanaugh’s, Routh, , David Aaron, Trump, “ It’s, ” Aaron, ” McCabe, “ don’t, , Aaron, Ron DeSantis, ” Routh, McCabe, They’re, ” CNN’s Holmes Lybrand Organizations: CNN, US Department of, Justice Department, United, Prosecutors, ” Former Justice Department, Justice, Florida Gov, Trump International Golf, Republican Locations: United States, Brett Kavanaugh’s Maryland, Florida
It used to be that you saw a stretch limousine and excitedly wondered who was inside — maybe a corporate executive or a celebrity or some other classy, mysterious type. The limo industry isn't dead; it's just leaving the classic black stretch version of itself behind. Trade shows and expos for limousines and luxury transportation no longer have many, if any, actual classic stretch limos on their floors. He said they keep a stretch limo around for nostalgia's sake more than anything. A CEO gallivanting around in his or her fancy stretch limousine is gross.
Persons: They've, Joe Reinhardt, He's, they're, Brett Barenholtz, Michael Douglas, Richard Gere, Mercedes, van, Scott Michael, Robert Alexander, Alexander, promgoers, Barenholtz, It's, Reinhardt, Chris Weiss, hasn't, crouch, Weiss, " Weiss, Emily Stewart Organizations: We're, Carolina Limousine, CLC Worldwide, National Limousine Association, Consumers, Benz Sprinter, United Motorcoach Association, RMA, Trade, expos, Cadillac, Lincoln, Facebook, Mercedes, ABC, NLA, Business Locations: Myrtle Beach, South Carolina, Maine, Boston, , Washington , DC, California, New York, limos, Franken, It's
Bausch + Lomb parent company Bausch Health is spinning off the eye-care company with an upcoming IPO which will list on the New York Stock Exchange and TSX with the ticker symbol “BLCO”. This would greatly benefit BLCO stockholders, of which Bausch Health is the largest. As an 88% owner of BLCO, Bausch Health's value derived from such a sale would be $12.32 billion. Adding the value of the proceeds from BLCO sale, the Xifaxan cash flows and RemainCo yields a total value of $25.93 billion for Bausch Health. After subtracting 100% of the Bausch Health debt, that would yield an equity value of $10.49 billion or $28.19 per share.
Persons: Bausch, Scott Olson, Richard Mulligan, John Paulson, Brett Icahn, Steven Miller, Carl Icahn, BLCO, Goldman Sachs, Bausch Health's, Peers, InMode, Takeda, Gary Hu, Brent Saunders, Ken Squire Organizations: Bausch Health, New York Stock Exchange, TSX, U.S . Securities, Exchange, Financial Times, Cooper Companies, BLCO, Products, Takeda Pharmaceuticals, Ironwood Pharmaceuticals, Health, 13D Locations: CHICAGO , ILLINOIS, Chicago , Illinois, BLCO
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