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☆ IAM Healthcare launches campaign to unionize retail pharmacy workers
▼ + stars: | 2023-11-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Retail pharmacy workers have told CNN that their employers have left them severely overworked and understaffed. The grassroots organizers had difficulty organizing the large-scale walkout without institutional support, and failed to rally pharmacy workers on a significant level. A number of other US unions represent retail pharmacy workers. United Healthcare Workers East represents nearly 5,000 pharmacists and pharmacy techs in hospitals and retail pharmacies. The United Food and Commercial workers also represent retail pharmacy staff but do not share official membership numbers.

Persons: walkouts, ”, we’re, ” Walkouts, ” Dr, Shane Jerominski, Jerominski, Maurice Shaw, ” Jerominski, they’re, “ We’ve, we’ve, Fraser Engerman, “, Amy Thibault Organizations: New, New York CNN, Retail, CNN, International Association of Machinists, Aerospace Workers, Walgreens, CVS, Pharmacy, ” Organizers, IAM Healthcare, IAM, Facebook, “, United Healthcare Workers, Food Locations: New York, United States, North America, walkouts, Bled

☆ Your Next Airbnb Host Could Be a Private-Equity Firm
▼ + stars: | 2023-11-07 | by ( Craig Karmin | ) www.wsj.com time to read: 1 min

Private-equity giant TPG has started buying single-family homes in Florida vacation markets, where it is renting them out nightly as alternatives to hotels and short-term rentals on websites like Airbnb . Other private-equity firms, publicly traded companies like Invitation Homes and many institutional investors have been active buyers of single-family homes for years, leasing their properties for a year or longer.

Organizations: TPG, Invitation Locations: Florida

☆ Here's what Britain's venture capital limited partners are backing: men
▼ + stars: | 2023-11-07 | by ( Tasmin Lockwood | Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

The institutional investors plying Britain's venture capital sector with cash have a penchant for backing funds owned entirely by men. All-male-owned firms raised 10 times more capital than funds owned by their female counterparts between 2017 and 2023, according to a report by impact fund Ada Ventures. A similar disparity was found among mixed-gender funds, which raised almost five times less than the male-owned funds. Those firms raised around 6.6 billion pounds during that period. Venture capital's diversity issues are well documented but there has been a slew of women leaving the industry this year.

Persons: VCs, Ekaterina Alamasque, Warner, Alamasque Organizations: Ada Ventures, Diversity, Google, Venture, Partners, Women

☆ Opinion | For America’s Jews, Every Day Must Be Oct. 8
▼ + stars: | 2023-11-07 | by ( Bret Stephens | ) www.nytimes.com time to read: +2 min

There ought to be a similar sign in every Jewish organization, synagogue and day school, and on the desks of anyone — Jewish or not — for whom the security and well-being of the Jews is a sacred calling: “Every day is Oct. 8.”What was Oct. 8? It wasn’t just the day after the single greatest atrocity against Jews since the Holocaust, an atrocity whose details were impossible to miss because the perpetrators made sure to film them. It was the day when that atrocity was celebrated. On Oct. 8, Jews woke up to discover who our friends are not. Let’s be clear: They and their sibling groups are being used as Jewish beards for aggressive antisemites.

Persons: —, George Floyd’s, paragliders, isn’t Organizations: Jewish, New Locations: Tehran, Manhattan, allyship

☆ South Korea Finance Chief Defends Short-Sell Ban Ahead of Elections
▼ + stars: | 2023-11-07 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +3 min

By Cynthia Kim and Jihoon LeeSEOUL (Reuters) - South Korea's finance minister defended the government's ban on short-selling of stocks, an announcement that comes ahead of general elections next year and has drawn criticism from market players who say the move could hurt the country's global credibility. The financial regulator on Sunday reimposed a full ban on short-selling until the end of June 2024 to create a "level playing field" for retail and institutional investors. "The move completely thwarted Korea's plans to convince MSCI that it deserves a spot in the developed market status. The number of retail stock trading accounts has roughly doubled since 2017 to about 14 million, with about one in every five Koreans having an account. South Korea's Financial Supervisory Service in October said it would likely fine two Hong Kong-based investment banks it determined had engaged in naked short-selling transactions worth 40 billion won ($29.58 million) and 16 billion won respectively.

Persons: Cynthia Kim, Jihoon Lee SEOUL, Choo, Korea's, we're, Cho Jun, kee, Jihoon Lee, Tom Hogue, Navaratnam Organizations: MSCI Inc, SK Securities, Financial, Service, Credit Suisse Locations: Philippines, Korea, South Korea, Portugal, Hong Kong

☆ Meta ignored warnings on Instagram’s harm to teens, whistleblower says
▼ + stars: | 2023-11-07 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

Washington CNN —Meta’s top executives, including CEO Mark Zuckerberg, ignored warnings for years about harms to teens on its platforms such as Instagram, a company whistleblower told a Senate subcommittee on Tuesday. Meanwhile, both parties have united behind blaming Meta for contributing to a nationwide mental health crisis. Bejar’s research “is basically a smoking gun,” Haugen told CNN in an interview Tuesday. “Every day countless people inside and outside of Meta are working on how to help keep young people safe online,” said Meta spokesman Andy Stone in a statement. He said everyday Americans understand “the harm being done” and compared it to harms from smoking.

Persons: Washington CNN —, Mark Zuckerberg, Meta, Arturo Bejar, Bejar, Zuckerberg, Bejar’s, ” Bejar, Frances Haugen, Instagram, ” Haugen, “, Sheryl Sandberg, ”, Andy Stone, Stone, Connecticut Democratic Sen, Richard Blumenthal ., Josh Hawley, Tennessee Republican Sen, Marsha Blackburn, Adam Mosseri, Sandberg, Chris Cox, Mosseri, ” Blackburn, Louisiana Republican Sen, John Kennedy, we’re, ” Meta, Blumenthal, Cox, Haugen, Hawley, ” Blumenthal, ” CNN’s Samantha Kelly Organizations: Washington CNN, Washington CNN — Meta’s, Facebook, Wall, Meta, CNN, Connecticut Democratic, Big Tech, Tennessee Republican, Louisiana Republican, Wall Street, “ Big Tech, Tobacco Locations: Connecticut, Richard Blumenthal . Missouri, Instagram

[1/2] The Bank of Israel building is seen in Jerusalem June 16, 2020. Israel's central bank has played its part too with a flurry of support measures, and has stayed away from rate cuts. At the outset of the war, markets were stunned. "The Bank of Israel took very aggressive action," said Gil Moshe, the head of markets at the Israel unit of U.S. bank Citi. Looking to next year, Shmuel Katzavian, a strategist at Israel's Discount Bank, expects the shekel to continue to strengthen.

Persons: Ronen, Israel's, Yaniv Pagot, Amir Yaron, Geoff Yu, Gil Moshe, Pagot, Shmuel Katzavian, Steven Scheer, Marc Jones, Jan Harvey Organizations: Bank of, REUTERS, Rights, Tel Aviv Stock Exchange, Reuters, U.S . Federal Reserve, BNY Mellon, Reuters Graphics, Israel, Citi, Israel's Discount Bank, Thomson Locations: Bank of Israel, Jerusalem, Gaza, Iran, Lebanon, Israel's, Israel, U.S, London

☆ These bond funds withstood the 2008 and 2020 recessions. What investors can learn from them
▼ + stars: | 2023-11-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Investors curious as to whether their bond funds could withstand an economic downturn would do well to look back to the last two recessions. The PGIM Core Bond Fund (TAIBX) and the Calvert Core Bond Fund (CLDAX ) earned returns of more than 8% from December 2007 to the end of June 2009, according to data from Morningstar Direct. Standouts include the Carillon Reams Core Bond Fund (SCCIX) , which incurred a 7.55% return from February through April 2020, per Morningstar. The Johnson Institutional Core Bond fund (JIBFX) and American Funds' Bond Fund of America (ABNDX) round out the top three, with total returns in that period of more than 4%. A combo of attributes Core bond funds have a combination of features that prepare them for downturns.

Persons: Liz Young, Lehman, Calvert, Paul Olmsted, Olmsted Organizations: Nasdaq, Federal, Lehman Brothers, Bond Fund, Morningstar Direct, Funds, Bond Fund of America, Morningstar, Treasury Bond ETF

☆ Proxy firm ISS recommends vote in favour of Brookfield-led consortium's Origin Energy bid
▼ + stars: | 2023-11-06 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSYDNEY, Nov 7 (Reuters) - Proxy advisory firm Institutional Shareholder Services (ISS) has recommended investors vote in favour of a Brookfield-led consortium's $10.5 billion bid for Australia's Origin Energy (ORG.AX). Brookfield and EIG Partners has offered A$9.53 per share for Origin Energy. AustralianSuper, which holds a 15.03% stake, has said it believes the consortium's bid substantially "undervalues" Origin and will vote against the offer. Brookfield will take ownership of Origin's energy markets business if the vote is in favour of the bid, while EIG's MidOcean Energy will gain a 27.5% stake in Australia Pacific LNG (APLNG). In that scenario, EIG will own Origin and sell the energy markets business to Brookfield, meaning remaining shareholders, including AustralianSuper, will own only APLNG.

Persons: Dado Ruvic, Scott Murdoch, Paul Simao Organizations: Brookfield, REUTERS, Rights, Services, Origin Energy, EIG Partners, Shareholders, Energy, Australia Pacific LNG, Thomson Locations: Brookfield, Australia, Sydney

☆ Morning Bid: Rates buzz sustained before Fed loan data
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +5 min

A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. Ten-year U.S. Treasury yields have fallen about 50bps from October's peaks and the drop last week was the biggest recoil since March. For now, S&P500 futures are pointing to further slight gains on Monday - which if realized on the cash market later would make for the sixth straight gain and the longest daily run since June. Undermined by the retreat in Treasury yields, the dollar (.DXY) slipped back to the lowest since Sept 20. The backdrop of an easier dollar and Treasury yields provides significant relief for emerging markets, with MSCI's emerging market stock index (.MSCIEF) hitting its highest since Sept 20 too.

Persons: Brendan McDermid, Mike Dolan, Jerome Powell, underscoring, Janet Yellen, Lisa Cook, Huw Pill, Bernadette Organizations: Wall, REUTERS, Federal Reserve, Treasury, U.S, Pacific Rim, South, Ryanair, Europe's, Goodyear Tire &, Aspen, Conterra Energy, Constellation Energy, Diamondback Energy, Vertex Pharmaceuticals, NXP Semiconductors, Bank of England, Reuters, Reuters Graphics Reuters, Thomson Locations: New York, U.S, Gaza, China, Western, San Francisco, South Korean, Asia, Europe, Telesat

The results show how Australia's retail banks are leaning into businesses outside their traditional earnings engine of mortgages as higher interest rates raise the cost of repayments, spurring competition which has flattened profit margins. Sydney-listed Westpac said profit from its consumer division, which has just over one-fifth of Australian mortgages, shrank 7% in its full-year to end-September. Westpac gave no profit forecasts but said April-to-September trading was "more challenging" than the previous six months and "this is expected to continue into 2024". "If that does eventuate, interest rates will probably need to be higher than what we're thinking," he said on a call with analysts and media. Westpac declared a final dividend of 72 Australian cents per share, up from 64 Australian cents a year earlier.

Persons: David Gray, Azib Khan, Peter King, We've, Byron Kaye, Roushni Nair, Upasana Singh, Andrew Heavens, Josie Kao, Aurora Ellis Organizations: Australia's Westpac Banking Corp, REUTERS, Westpac, Commonwealth Bank, National Australia Bank, ANZ, Sydney, midsession, P Capital, Thomson Locations: Sydney, Australia, Ukraine, Bengaluru

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK financial regulators propose sweeping stablecoin rules: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Raj Dhamodharan of Mastercard, Stuti Pandey of Kraken Ventures and David Wells of Enclave Markets discuss the state of stablecoins and institutional crypto adoption.

Persons: explainers, Raj Dhamodharan, Stuti Pandey, David Wells Organizations: CNBC Crypto, CNBC, Mastercard, Kraken Ventures, Enclave Markets Locations: stablecoins

ORLANDO, Fla. (AP) — Morale and trust within the Walt Disney World government has deteriorated since allies of Florida Gov. With the departure of so many district employees in such a short period of time, the district is “no longer functional,” a facilities director who left last month wrote in her exit survey. Disney has sued DeSantis and the members of the Central Florida Tourism Oversight District board in federal court in Tallahassee over the takeover, claiming its free speech rights were violated. Disney is also battling the Central Florida Tourism Oversight District in state court in Orlando. Before control of the district changed hands, the Disney supporters on its board signed agreements with Disney to shift control over design and construction at Disney World to the company.

Persons: Ron DeSantis, ”, “, there’s, DeSantis, hadn't, Matthew Oberly, Martin Garcia, ” Garcia, Glen Gilzean, Gilzean, Mike Schneider Organizations: —, Walt Disney, Florida Gov, Central, District, Associated Press, Republican, GOP, Florida Legislature, Disney, Improvement Locations: ORLANDO, Fla, Florida, Central Florida, “, Reedy, cronyism, Tallahassee, Orlando

☆ One options trader is making a big bet Disney will pop 10% on earnings this week
▼ + stars: | 2023-11-06 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

We'll touch on Berkshire Hathaway's weekend report, review some interesting companies reporting in the week ahead and then analyze a curious call spread in Disney ahead of earnings. Our thinking, and the options sentiment suggested, that earnings might be the catalyst for a turnaround. It seems at least one institutional options trader thinks that earnings might be the catalyst for an upside move in the name. With Disney trading around $85 a share, apparently someone is willing to bet a small percentage of the current stock price that the stock could pop well over 10% post-earnings — something that hasn't happened since their August 2022 earnings release. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Warren, Warren Buffett, Charlie Munger, Berkshire Hathaway Organizations: Berkshire, MGM Resorts, Warner Bros Discovery, Disney, ESPN, DIS Locations: Disney, Berkshire

☆ South Korea to re-impose stock short-selling ban through June to 'level playing field'
▼ + stars: | 2023-11-05 | by ( Jack Kim | ) www.reuters.com time to read: +2 min

A journalist walks past an electronic board of the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange (KRX) in Seoul, South Korea, January 20, 2016 REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Nov 5 (Reuters) - South Korea from Monday will re-impose a ban on short-selling shares at least until June to promote a "level playing field" for retail and institutional investors, financial authorities said on Sunday. The regulator last week said it would establish a team of investigators to probe short-selling by foreign investment banks for illegal activity including so-called naked short-selling. Naked short-selling - in which an investor short-sells shares without first borrowing them or determining they can be borrowed - is banned in South Korea. Earlier in the year, the regulator fined five foreign firms including Credit Suisse for naked short-selling. Officials and market watchers alike have cited uncertainty around short-selling regulation as among factors needing to be resolved for influential index provider MSCI to upgrade South Korea to developed-market status.

Persons: Kim Hong, Kim Joo, Kim, Jack Kim, Michael Perry, Christopher Cushing Organizations: Korea, Korea Exchange, REUTERS, Rights, Monday, Financial Services Commission, Financial Supervisory Service, Credit Suisse, Thomson Locations: Seoul, South Korea, Rights SEOUL, Hong Kong

☆ Top Wall Street analysts say buy these dividend stocks for enhanced returns
▼ + stars: | 2023-11-05 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Ares CapitalThis week we will first look at a high-dividend yield stock Ares Capital (ARCC). ARCC offers a dividend yield of 9.8%. Citi's dividend yield stands at 5%. The company pays a dividend yield of 2.5%. On Oct. 26, Tigress Financial Partners analyst Ivan Feinseth reiterated a buy rating on AT&T stock with a price target of $28.

Persons: Justin Sullivan, Wall, Kenneth Lee, Lee, TipRanks, James Fotheringham, Fotheringham, Peter Saleh, Saleh, Ivan Feinseth, Feinseth Organizations: Citibank, ARCC, RBC Capital, Ares, Citigroup, Citi, BMO Capital, Tigress Financial, Edge, T Locations: California

☆ Bank of America: Buy these 56 losing stocks that are on the verge of becoming winners, thanks to a little-known investing strategy that has consistently outperformed the market since 1986
▼ + stars: | 2023-11-05 | by ( Mark Reeth | ) www.businessinsider.com time to read: +3 min

Tax-loss harvesting is simple: investors reduce capital gains taxes by selling securities for a capital loss. Bank of America analysts led by head of US equity & quantitative strategy Savita Subramanian endorse a new twist on the strategy. In a recent note to clients, Subramanian identified what she calls TLCs: tax-loss candidates. "We've historically seen evidence of tax-loss selling by institutional investors in Oct. (peak outflows), and by retail investors in Dec. ahead of the Dec. 31 cut-off for individual investors," Subramanian wrote. Institutional investors must sell their losing stocks to claim the benefits of tax-loss harvesting by October 31, while retail investors have until December 31.

Persons: shrug, Subramanian, they've Organizations: Bank of America, 1.9ppt, Institutional

The funds available for deals are growing as investors including pension funds, sovereign wealth and insurance firms look for meaty returns hard to find in today's equity markets, especially in the beaten-down real estate sector. Australian real estate specialist Qualitas (QAL.AX), whose backers include the Abu Dhabi Investment Authority, has nearly doubled funds under management to A$8 billion ($5.07 billion) since mid-2022, with roughly half the increase since this June. U.S.-based PGIM Real Estate expects to deploy a further $1 billion in the country over the next few years, said its head of Australian real estate Steve Bulloch. Lenders are expanding into residential and commercial construction as banks slow lending or exit, a March report from the Reserve Bank of Australia (RBA) said. JUICY RETURNSInvestors can expect returns from 9% to 11% with the added security of loans pledged against real assets like condos or warehouses, often with a 30% to 40% equity buffer, said Paul Notaras, executive director at Barings Real Estate Australia.

Persons: Stella Qiu, meaty, Steve Bulloch, JUICY, Paul Notaras, Notaras, Qualitas, Andrew Schwartz, Bonds, We've, Schwartz, Lewis Jackson, Rae Wee, Jamie Freed Organizations: REUTERS, Abu, Abu Dhabi Investment Authority, Commonwealth Bank, National Australia Bank, Westpac, ANZ Group, International Monetary, Reserve Bank of Australia, Australia, prudential, Reuters Graphics Reuters, Thomson Locations: Parramatta, Sydney, SYDNEY, Australian, Abu Dhabi, Australia, Qualitas, Singapore

☆ Here's how the stock market can build on its best week of the year
▼ + stars: | 2023-11-05 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

These two points blunted anything that Federal Reserve Chairman Jerome Powell had to say and that was all it took to have the best week in the stock market of the year. He's the union president, which contributes to investor ennui given how unions have produced minus signs in the stock market wherever they prey. But yields looked to break out the wrong way for the stock market for certain. We didn't realize that yields could be peaking: 6% was beckoning on the long end of the bond market yield curve. All I can tell you is that the Apple selling last Friday morning was relentless from 4 a.m.

Persons: Jerome Powell, it's, Joe Biden doesn't, Gina Raimondo –, –, Raimondo, Biden, hasn't, ennui, Stanley Druckenmiller, Tim Cook, Luca Maestri, Apple, that's, halcyon, Cramer, Elon, Mary Dillon, haven't, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Treasury, Federal, Twitter, Mutual, Apple, Phillies, Huawei, Nvidia, Trust, CNBC, Jim Cramer's Charitable, NYSE Locations: Israeli, Gaza, China

☆ After a year in FTX’s shadow, the crypto industry is deligting in Bankman-Fried’s conviction
▼ + stars: | 2023-11-04 | by ( Manav Tanneeru | Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN —It took just under a year for Sam Bankman-Fried to go from crypto wunderkind to convicted felon. When Bankman-Fried’s crypto empire collapsed last November, it sent the fledgling industry back years. For the crypto faithful who are still standing and striving, the trial couldn’t be over soon enough. “A lot of folks in the crypto industry are delighted,” said Yesha Yadav, a law professor and associate dean at Vanderbilt University. “There’s definitely an element of ‘ding-dong the witch is dead,’” said Eric Soufer, a political adviser to major crypto companies, referring to Bankman-Fried’s conviction.

Persons: Sam Bankman, Fried, ”, Bobby Zagotta, “ SBF, Yesha Yadav, “, FTX, they’ll, Bernie Madoff, Elizabeth Holmes, Gary Gensler, “ There’s, ’ ”, Eric Soufer Organizations: New, New York CNN, Vanderbilt University, BlackRock, Fidelity, Justice Department, Securities and Exchange Commission, SEC Locations: New York, European

☆ Activist Engaged Capital sees a path to lift VF Corp’s share price and slash costs
▼ + stars: | 2023-11-04 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Activist Commentary: Engaged Capital was founded by Glenn W. Welling, a former principal and managing director at Relational Investors. Engaged has had great success as an activist, but almost all that success has come at small-cap companies. VF Corp. was in desperate need of a new CEO, and they got one. Engaged also urges VF Corp. to evaluate non-core divestitures to fix the balance sheet. After adding up all the pieces, Engaged sees a path to a $46 share price within three years.

Persons: Glenn W, Steve Rendle, Rendle, Bracken Darrell, Darrell, Rendle's, Ken Squire Organizations: Welling, Relational Investors, VF Corp, Bloomberg, Partners, Management, Vans, Logitech, Corp, 13D

☆ A short seller with a 95% win ratio shares 5 stocks he recently traded and why his strategy of finding cash-strapped companies to bet against is working better than ever
▼ + stars: | 2023-11-04 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

That year, he had also taken up an interest in stock trading. Increased accuracy on VWAPThe volume-weighted average price (VWAP) is a chart line that tracks the average price traders paid for a stock. If a stock's price is too far above the VWAP, it signals that it's overbought, and vice versa. But as more short sellers chase the stock's price down, it can get overcrowded, he noted. Pop Culture Group (CPOP) stock's trading was halted on October 31 after the stock rallied quickly.

Persons: David Capablanca, Capablanca, TraderSync, David Olivares, Olivares, He's Organizations: University of California, pharma, Capablanca, Interactive, Traders, Reviva Pharmaceuticals Holdings, shorting, InMed Pharmaceuticals, Culture Locations: Los Angeles

☆ Putting Pressure on Palestinian Activists Isn’t Making Jewish Students Any Safer - The New York Times
▼ + stars: | 2023-11-04 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +12 min

For Palestinian and Muslim students, the invocation of terrorism law is especially frightening. But now advocates for Palestinian rights describe a new level of repression. “That’s the difference.”No one should underestimate how awful the campus climate is for many Jewish students, who’ve experienced a surge in violence and abuse. In some social justice circles, then, support for Israel is viewed as something akin to support for the K.K.K. There is little reason to think that the pressure brought to bear by these outside institutions is making Jewish students any safer.

Persons: Louis D, Law, Ron DeSantis, DeSantis, ”, Donald Trump, Radhika Sainath, Columbia University’s Rashid Khalidi, “, who’ve, Jewish counterprotesters, Erwin Chemerinsky, George Floyd, they’ve, Kenneth Stern, Bard College’s, ” Stern, He’s, Stern, Trump, scenesters, Joe Rogan, Elon, that’s, Khalidi Organizations: Defamation League, Brandeis Center for Human, Justice, ADL, Brandeis, Republican, Palestinian, Homeland Security, Education, Israel, Palestine, Columbia, Cornell, Jewish, Tulane, University of California, America, Peace, Bard College’s Center, National Lawyers Guild, American Jewish Committee, International Holocaust, Alliance, The, Rights, Elon Musk, West Bank Locations: Palestine, Israel, Ron DeSantis , Florida, Florida, United States of America, Berkeley, America, Gaza City, Gaza, West

When the Colorado Republican announced this past week that he would not seek reelection, he began with the type of criticism of Democratic policies that is standard fare for a hard-line conservative. Yet under political pressure in Colorado, Buck decided there was no way forward for him in Congress. Alone among Republicans, Buck said he was opposing Jordan because he had not clearly stated that Biden won the 2020 election. This past week, Trump called Buck a “weak and ineffective Super RINO,” or Republicans In Name Only. The next day, Buck testified about a legal effort in Colorado to ban Trump from the ballot under the Constitution’s “insurrection clause."

Persons: Ken Buck, Buck, “, Donald Trump’s, Democrat Joe Biden, Biden, ” Buck, MAGA, ”, “ MAGA ”, Trump, Liz Cheney, Adam Kinzinger of, Kevin McCarthy, Ken, Chip Roy, I’ll, Marjorie Taylor Greene, Greene, CrossFit, ” Greene, Dick Cheney, Reagan, Cheney, Liz Cheney's, Ronald Reagan, Democratic Sen, Michael Bennet, “ I’ve, Joe Neguse, David Cicilline, Cicilline, Jim Jordan, McCarthy, Jordan, it’s Organizations: WASHINGTON, —, Colorado Republican, Republican, Democrat, Trump, GOP, CNN, Capitol, Republicans, Caucus, Associated Press, Texas, University of Denver, Princeton University, University of Wyoming, Wyoming Rep, Democratic, Democrats, Colorado Democrat, Rhode Island, Apple, Meta, Google, Ohio, Committee's Locations: Colorado, Wyoming, Adam Kinzinger of Illinois, Washington, Denver, Georgia, Iran, Buck's

☆ Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds
▼ + stars: | 2023-11-03 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit , two anonymous sources familiar with the deal told CNBC. The deal was structured as a convertible debt agreement, meaning that the debt will be converted into equity when Wefox next raises cash, the sources told CNBC. The fresh funding follows on from a $55 million debt round Wefox raised from JPMorgan and Barclays and a $55 million internal fundraise earlier this year. As Wefox didn't raise equity, its valuation remains unchanged at $4.5 billion. Wefox is also pushing into a new model of selling insurance called "affinity" distribution.

Persons: Wefox, Goldman Sachs Organizations: Deutsche Bank, CNBC, JPMorgan, Barclays, VC, Salesforce Ventures, Target, Horizon Ventures, UBS, Mubadala Capital Ventures, Jupiter Asset Locations: U.S, Germany, Paris, Barcelona, Milan

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