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☆ Here are Thursday's biggest analyst calls: Tesla, Spotify, Netflix, Chevron, Carvana, Coinbase & more
▼ + stars: | 2023-07-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: TD Cowen upgrades Meta to outperform from market perform TD Cowen said it sees further share gains ahead for Meta. TD Cowen reiterates Amazon as outperform TD said it's bullish heading into Amazon earnings later this month. Deutsche Bank reiterates Microsoft as buy Deutsche said the stock is "set up nicely" heading into earnings later this month. " Bank of America reiterates Tesla as neutral Bank of America said it's standing by its neutral rating heading into earnings next week. BMO reiterates Chevron as outperform BMO said in a note on Thursday that it likes the oil and gas giant's capital return.

Persons: Cowen, TD Cowen, it's, Stifel, Coinbase, JPMorgan downgrades, Morgan Stanley, Cboe, Morgan Stanley downgrades SoFi, Tesla, Domino's, Robert Iger, Oppenheimer Organizations: Meta, Energy Fuels, Clean Energy Fuels Corp, Barclays, JPMorgan, Spotify, Deutsche Bank, Microsoft, Deutsche, BMO, Netflix, " Bank of America, of America, Suisse, Credit Suisse, Bank of America, Disney, ESPN, Chevron Locations: China

☆ UBS upgrades Big Pharma stock after shares drop on poor drug results
▼ + stars: | 2023-07-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

UBS upgraded AstraZeneca 's stock to a "buy" rating despite the drugmaker's trial of a lung cancer medication recently delivering poor results. The investment bank said the subsequent drop in the pharma giant's stock price now meant that "investors can come back to the stock for the performance of in-market products." London-listed shares of AstraZeneca dropped by 8% in a single day, the most in years, after releasing the results of the "TropionLung01" trial for drug candidate "Dato-DXd." UBS expects shares of AstraZeneca to rise by 27% to £13 ($16.8) a share over the next 12 months. These include Imfinzi, a drug for bile duct or gallbladder cancer, and Tagrisso, a treatment for non-small cell lung cancer in adults.

Persons: Michael Leuchten, UBS Michael Leuchten AZN Organizations: UBS, AstraZeneca, pharma, DXd, FDA, Johnson Locations: London, Swiss, Tagrisso

☆ Amazon hit with labor complaint over failing to bargain with Staten Island union
▼ + stars: | 2023-07-12 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

The National Labor Relations Board said Tuesday it found merit to charges that Amazon violated labor laws by refusing to bargain with a fledgling union representing employees at one of its New York warehouses. Workers at one of the retail giant's Staten Island warehouses, known as JFK8, voted last April to join the Amazon Labor Union, a grassroots organization started by current and former employees. The NLRB complaint comes as the ALU has faced setbacks since its landmark victory on Staten Island. The ALU lost two elections at other Amazon warehouses last year, and rifts have formed between some leaders and members of the union. On Monday, a group of former ALU members sued the union, accusing it of violating the ALU's constitution and asking a Brooklyn court to compel it to hold an election for union officers.

Organizations: National Labor Relations Board, Amazon Labor Union, Workers, Amazon, Democratic Reform Caucus, The New York Times Locations: New York, Brooklyn, Staten, Staten Island

☆ Tuesday, July 11, 2023: Cramer says hold these three energy names right now
▼ + stars: | 2023-07-11 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Tuesday, July 11, 2023: Cramer says hold these three energy names right nowJim Cramer and Jeff Marks discuss a megacap tech name in the portfolio as its 'Prime Day' sale begins Tuesday. Also, Jim and Jeff break down three energy Club holdings and explain why you should not trade these stocks at the moment, but maybe trim one in the near future. Finally, Jim says he hopes one entertainment giant's weak performance is temporary and moves higher heading into 2024.

Persons: Cramer, Jim Cramer, Jeff Marks, Jim, Jeff

☆ Apple TV+ has grown to No. 3 among ad-free streamers, besting Hulu and Max in share — but it faces stiff competition if it launches an ad tier
▼ + stars: | 2023-07-11 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

New data shows Apple TV+ has more than tripled its share of streaming subscribers. More established streamers have had the most success growing their ad tiers. The findings come as Apple TV+ is rumored to be planning to join the other major streamers in chasing video advertising. Apple TV+ has more than tripled its share of ad-free subscribers in the past two years, jumping ahead of Paramount+, Disney's Hulu, and Warner Bros. But Apple TV+ has yet to move into ad-supported streaming, where competitors are seeing their biggest subscriber growth — not to mention new revenue opportunities.

Persons: Peacock, Lauren Fry, Hulu, Discovery's Max, Jonathan Carson Organizations: Apple, Hulu, Paramount, Warner Bros, Netflix, Disney Locations: Hulu

☆ Amazon charts its own course on A.I., leaning on its strengths in cloud and e-commerce
▼ + stars: | 2023-07-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

AI in advertising Amazon is not only differentiating its gen AI strategy by leveraging the cloud, but it's also incorporating AI in e-commerce to support its ad business. Amazon Prime Day Amazon Prime Day, the global shopping event that attracts consumers seeking huge cost-saving deals, on a variety of products will be held July 11 and 12 in 24 countries. Coupled with the cloud, e-commerce is the other big piece of what Amazon is all about. The 48-hour event is expected to bring in $8 billion in U.S. e-commerce sales, according to data by Insider Intelligence. Still, Insider Intelligence data shows Amazon Prime Day e-commerce sales will surpass that of competing retailers.

Persons: Andy Jassy, Scott Devitt, Devitt, Andrew Lipsman, it's, Lipsman, Sellers, Gene Munster, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon Web Services, CNBC, Amazon, Microsoft, Nvidia, AWS, Insider Intelligence, Google, Deepwater Asset Management, Intelligence, Amazon CNBC Locations: U.S

July 11 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. All else equal, this would be a tailwind for Asian stocks, bonds and currencies. A New York Fed survey of consumer and inflation expectations was also "risk-friendly." Sentiment toward Asian stocks in recent months has been mostly bearish, with the exception of Japan, but a pause in the selling on Monday lifted the gloom a little. Chinese and broader Asian stocks rose for the first time in four sessions, while the yuan and yen strengthened to two-week highs against the dollar.

Persons: Jamie McGeever, Marguerita Choy Organizations: New York Fed, Mainland Banks Index, Ant, Thomson, Reuters Locations: U.S, Japan, underperformance, Hong Kong, Mainland, Philippines, Australia, Germany

☆ Explainer: What's next for Ant after its nearly $1 bln fine?
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +3 min

After the fine, the next step would be to obtain the financial holding license, which is crucial for reviving any listing plans by Ant. A second license Ant is waiting to procure is one for a personal credit reporting company. IPO PROSPECTSThe resolution of Ant's regulatory woes has revived talk of whether the company's listing could be back on the cards. Alibaba, which has a 33% stake in Ant, said on Sunday it was considering whether to participate in the buyback. Ant's major shareholders, Hangzhou Junhan Equity Investment Partnership and Hangzhou Junao Equity Investment Partnership, have voluntarily decided not to participate in the repurchase.

Persons: Ant, Ant ., Jack Ma, Warburg Pincus, Ant's, Roxanne Liu, Brenda Goh, Christina Fincher Organizations: Ant, Financial Regulatory Administration, State Council, Reuters, Ant Group, Shanghai's STAR, Hangzhou Junhan Equity Investment Partnership, Hangzhou Junao Equity Investment Partnership, China Life Insurance, China Pacific Life Insurance, Plan Investment, Yunfeng, Thomson Locations: BEIJING, Hong Kong, Hangzhou, Canada

☆ Meta's Threads debut solved the chicken-or-egg problem plaguing new social startups
▼ + stars: | 2023-07-10 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Last week, Meta launched its latest social media venture, a Twitter alternative called Threads. For social media start-ups, attracting an audience is crucial to scaling a new product — but it can be near impossible to lure loyal users away from other platforms. New Threads accounts can easily migrate their information from Instagram, sharing their account data and username between the platforms. They have this pattern now of either launching or creating spin-off social media networks based on what's most popular at the time, then do it under their brand," Caraballo said. "It just is so dystopian to have one single person basically who oversees the entirety of all social media, at least in the Western world," Caraballo told Insider.

Persons: Mark Zuckerberg, Alexis Ohanian, Ohanian, —, Instagram, Sarah Oh, we've, Adam Mosseri, Alex Heath, Elon, Alejandra Caraballo, Harvard Law School's, Caraballo, WhatsApp —, Elon Musk, Meta Organizations: Meta, CBS, Boston Herald, Twitter, Harvard Law, Facebook, Federal Trade Commission Locations: Instagram

☆ How the hit podcast 'Scamanda' could become a TV show, according to a leading exec in Lionsgate's audio arm
▼ + stars: | 2023-07-10 | by ( Marta Biino | ) www.businessinsider.com time to read: +6 min

She discussed how her team plans to turn podcasts into TV shows, and how "Scamanda" could be a doc. The show was produced by Lionsgate Sound, the Hollywood giant's new audio division that launched last year. Lionsgate is one of several television companies to start its own audio arm — like Netflix and HBO, which produce audio companions to their TV shows. Pilgrim is a Lionsgate-owned production company that specializes in unscripted TV, and also a minority owner in Lionsgate Sound. Conversely, the podcast division can also leverage the success of existing TV shows and programs by producing companion audio works for them.

Persons: Gretchen Stockdale, you've, Amanda C, Riley, swindling, Pilgrim, Stockdale, Elizabeth Holmes, Jussie Organizations: Lionsgate, Apple, Lionsgate Sound, Hollywood, Netflix, HBO, Pilgrim Media Group, Hulu, ABC, Bloomberg, Fox Nation

The National Financial Regulatory Administration (NFRA), a new government body under the State Council, is now the primary regulator to grant Ant the license, said the sources. PENALTY FOLLOWS MA'S RETURN TO CHINAThe final amount of the fine has been revised to at least 8 billion yuan, the sources said. Reuters reported in April that Chinese regulators were considering fining Ant about 5 billion yuan, a lower sum than what they had in mind initially. Alibaba was fined a record 18 billion yuan in 2021 for antitrust violations. ($1 = 7.2439 Chinese yuan renminbi)Reporting by Julie Zhu and Jane Xu; Additional reporting by Jason Xue; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Alibaba, Rukim Kuang, Jack Ma, Ant, China's, Pan Gongsheng, Didi Global, Julie Zhu, Jane Xu, Jason Xue, Muralikumar Organizations: Alibaba Honk, Ant Group, People's Bank of China, Reuters, Alibaba, HK, Lens Consulting, Communist Party, Financial Regulatory Administration, State Council, Thomson Locations: HONG KONG, Hong Kong, Ant's, Beijing, CHINA, China

The world's largest memory chip and smartphone maker estimated its operating profit fell to 600 billion won ($459 million) in April-June, from 14.1 trillion won a year earlier in a short preliminary earnings statement. It would be Samsung's lowest profit for any quarter since a 590 billion won profit in the first quarter of 2009, according to company data. Shares in Samsung fell 1.4% in early morning trade, underperforming a 0.6% drop in the wider market (.KS11). In the January-March quarter, the company reported a whopping 4.58 trillion won loss in its chip business as memory chip prices fell further and its inventory values were slashed. Revenue in April to June likely fell 22% from the same period a year earlier to 60 trillion won, Samsung said in the statement.

Persons: Chris Helgren, Refinitiv, Greg Roh, 1,307.6700, Joyce Lee, Heekyong Yang, Shri Navaratnam, Sonali Paul Organizations: Samsung Electronics, REUTERS, Samsung Electronics Co, Samsung, Hyundai Motor Securities, Revenue, Thomson Locations: Manhattan, New York City, U.S, SEOUL, KS

☆ Vision Pro fans will need an appointment if they want to buy Apple's $3,500 headset from a store, report says
▼ + stars: | 2023-07-07 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Apple will need to book an appointment to buy the Vision Pro headset in-store. The company is planning a retail launch for the headset next year, Bloomberg reported. Apple fans hoping to get their hands on the Vision Pro will need to book an appointment to buy the headset in-store. The Vision Pro will be rolled out next year, with stores in New York and Los Angeles among the first to stock the device, per Bloomberg. Apple's Vision Pro is the company's first major product release in eight years.

Persons: groans, Insider's Pete Syme, Elon Musk Organizations: Apple, Bloomberg, Vision, Worldwide, Conference Locations: New York, Los Angeles

☆ What Apple's big bet on India means for the tech giant's future
▼ + stars: | 2023-07-07 | by ( Anuz Thapa | ) www.cnbc.com time to read: +2 min

It took seven years for Tim Cook to visit India again after traveling to the fast-growing country in 2016. That year, about 3.5% of the world's iPhones were made in India. "Without that broader supply base, they had production shortfalls which impacted their sales, which they might not have suffered as much had they had multiple sources." Moving more iPhone manufacturing from China to India sounds like a good idea on paper. Watch the video above to find out why Apple is betting on India and the challenges it faces as it slowly shifts its manufacturing base from China to India.

Persons: Tim Cook, Angelo Zino, Apple, Willy Shih Organizations: Apple, New, CFRA, Harvard Business School Locations: India, New Delhi, Mumbai, China

☆ 3 of our stocks get price target hikes on Wall Street — one of them is a really big call
▼ + stars: | 2023-07-06 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Watch GEHC and Danaher Evercore ISI bumped up its GE Healthcare (GEHC) price target to $92 from $90 and kept its outperform rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Meta, Microsoft Keybanc, Morgan Stanley, Danaher, Jim Cramer's, Jim Organizations: CNBC, Microsoft, GE Healthcare, ISI Locations: U.S, There's

☆ Pfizer makes equity investment in Caribou Biosciences
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

July 6 (Reuters) - Pfizer (PFE.N) has invested $25 million to buy a minority stake in Caribou Biosciences (CRBU.O), making it the latest small biotechnology firm to attract the pharmaceutical giant's interest. The news lifted shares of Caribou more than 61% in early trade. Pfizer purchased nearly 4.7 million Caribou shares at $5.33 per share, Caribou said on Thursday, representing a premium of about 30% over Caribou's previous close price. This represents 7.64% of outstanding shares in Caribou, according to Reuters' calculation based on Refinitiv IBES data. It also made a $25 million equity investment in Akero Therapeutics (AKRO.O) last year.

Persons: Caribou, NASH, Jennifer Doudna, Raghav Mahobe, Leroy Leo, Maju Samuel Organizations: Pfizer, Caribou Biosciences, Biohaven Pharmaceutical, Akero Therapeutics, Thomson Locations: Caribou, California, Bengaluru

☆ Jim Cramer says ‘it's really a mistake not to be a buyer’ of these 2 bank stocks
▼ + stars: | 2023-07-05 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The S & P 500 shot up more than 15% in the first six months of this year. Jim Cramer said Wednesday, "It's really a mistake not to be a buyer" of these two stocks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Stocks, Dow, Jim Cramer's, Wells, Morgan Stanley, Morgan Stanley reauthorized, Jim Organizations: CNBC, Nasdaq, Procter, Gamble, WFC Locations: Wells Fargo

☆ Samsung profit likely lowest in more than 14 years as chip glut persists
▼ + stars: | 2023-07-05 | by ( Joyce Lee | ) www.reuters.com time to read: +2 min

SEOUL, July 6 (Reuters) - Samsung Electronics' (005930.KS) June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant's cash cow business despite a supply cut. If so, it would be Samsung's lowest profit since the fourth quarter of 2008, when Samsung Electronics reported a consolidated operating loss of about 740 billion won. It compares with an operating profit of 14.1 trillion won in the April-June quarter last year. This is because its chip division, traditionally its biggest earner, likely reported quarterly losses of around 3 trillion to 4 trillion won as memory chip prices fell further and its inventory values were slashed. Despite the current downturn, Samsung is working to increase its share of chip demand from the exploding field of artificial intelligence (AI), such as with high bandwidth memory (HBM) and chip contract manufacturing, they said.

Persons: 1,298.7800, Joyce Lee, Sonali Paul Organizations: Samsung Electronics, Samsung, Apple, Thomson Locations: SEOUL, KS, Seoul

☆ It looks like Netflix's cheapest ad-free plan, Basic, might be getting the axe. It's already gone in Canada.
▼ + stars: | 2023-07-05 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Netflix dropped its "Basic" ad-free $9.99 a month membership plan in Canada at the end of June. There are signs the streaming giant will sunset its "Basic" plan in the US as well. The removal of the "Basic" plan may signal Netflix's move to boost sign-ups for its ad-tier. There are also signs that the streaming giant may be sunsetting its "basic" membership plan for new US customers. Only time will tell whether Netflix's removal of its 'Basic' plan will leave a lasting impact on the streaming giant's bottom line.

Organizations: Netflix, Morning, Apple Locations: Canada, New York, America, Africa, Asia, Eastern Europe

☆ Meta launches Instagram Threads in a direct challenge to Twitter
▼ + stars: | 2023-07-05 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

Meta has officially debuted its Twitter-like messaging app Threads, which the company is pitching as Instagram's "text-based conversation app." Mark Zuckerberg, Meta's CEO and co-founder, announced the debut of Threads on Wednesday, marking the official release of the social networking giant's new text-focused messaging app. The Threads app is now available to download for free on the Apple App Store and Google Play online store in over 100 countries, Meta said in a blog post. Many Instagram users were also recently able to obtain invitations to access Threads from within their Instagram accounts. Although Threads is linked to Instagram, with users able to use their existing Instagram usernames, the messaging service is a separate app that people will need to download.

Persons: Mark Zuckerberg, Elon Musk, Meta, Instagram Organizations: Tech, Meta, SpaceX, Apple

☆ The top 500 richest people in the world made an average of $14 million each day in the first half of 2023 as markets rallied
▼ + stars: | 2023-07-04 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The 500 richest people added $852 billion to their collective fortunes in the first half of this year, per Bloomberg. The billionaires' wealth was boosted on the back of a broad market rally. Now worth $237 billion, Musk is the world's richest person — ahead of Frenchman Bernard Arnault, the CEO, and co-founder of LVMH Moët Hennessy Louis Vuitton. Musk and Arnault have been swapping positions as the world's richest person since late 2022. Indian tycoon Gautam Adani's fortune tanked by $60.2 billion this year, making him the biggest loser in the Bloomberg Billionaires Index.

Persons: Tesla, Elon Musk, —, Mark Zuckerberg, Musk, Twitter —, Frenchman Bernard Arnault, LVMH Moët Hennessy Louis Vuitton, Zuckerberg, Gautam Adani's, Adani Organizations: Bloomberg, SpaceX, Service, Tech, Twitter, Hindenburg Research, Nasdaq

☆ Apple's next iPhone could feature a 15% boost in battery life
▼ + stars: | 2023-07-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

A rumor claimed Apple's next iPhone could see as much as a 15% battery boost, per ITHome. The iPhone 15 could see battery improvements of 11% for the Pro Max and 15% for the base model. Apple's next generation of iPhones could feature as much as a 15% boost to battery life, according to a report from ITHome. The unconfirmed leak suggests that the iPhone 15 base model could feature a 15% increase to its battery life. The iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max could see 12%, 12%, and 11% improvements, respectively.

Persons: Pro Max, Max, Jacklyn, Screentime, Dallas, Apple Organizations: Pro, Morning, YouTube, Apple, Weibo Locations: ITHome, Jacklyn Dallas

☆ Apple loses London appeal in 4G patent dispute with Optis
▼ + stars: | 2023-07-04 | by ( ) www.reuters.com time to read: +1 min

LONDON, July 4 (Reuters) - Apple Inc (AAPL.O) infringed two telecommunications patents used in devices including iPhones and iPads, London's Court of Appeal ruled on Tuesday, dismissing the tech giant's appeal in a long-running dispute with a U.S. patent holder. Texas-based Optis Cellular Technology LLC sued Apple in 2019 over its use of patents which Optis says are essential to certain technological standards, such as 4G. London's High Court ruled last year that two of Optis' 4G patents were so-called standard essential patents and that Apple had infringed them. Apple appealed against that decision in May, arguing that the two patents in issue were not essential to 4G standards and that it had not infringed the patents. Apple and Optis did not immediately respond to a request for comment.

Persons: Colin Birss, Optis, Apple, Sam Tobin, Emelia Sithole Organizations: Apple Inc, U.S, Cellular Technology LLC, Apple, Thomson Locations: London's, Texas, Britain

The S & P 500 rose 8.3% in the second quarter to extended its 2023 advance to 15.9%. Here's a closer look at the Club's best and worst performers in the first half of 2023, starting with the four winningest stocks. West Texas Intermediate crude ended the second quarter under $71 per barrel, about $10 below where it started the year. Humana (HUM) dropped 12.7% in the first half of 2023, rounding out the bottom-four Club stocks between January and June. The common denominator among the worst-performing Club stocks is a bit less obvious than with the winners.

Persons: It's, Dow, Here's, Mark Zuckerberg, Palo, Lisa Su, —, Eli Lilly, Locker, Foot Locker's, Estee Lauder, Estee, Halliburton haven't, encouragingly, Halliburton, Jim Cramer's, Jim Cramer, Jim, Jen, Hsun Huang, Huang, Andrej Sokolow Organizations: Nasdaq, Dow Jones, Nvidia, FactSet, Meta, Investors, Facebook, Networks, Palo Alto Networks, Alto, AMD, Devices, Palo, would've, The, HAL, Halliburton, West Texas, Coterra, Humana, Disney, DIS, CNBC, Consumer, Audi, Getty Locations: China, Meta, Palo, Palo Alto, Las Vegas, USA

☆ Office landlords struggling for tenants are facing an even scarier predicament — zombie properties
▼ + stars: | 2023-07-03 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +6 min

A zombie building is one that's too costly for a landlord to rent at prevailing rates. Office buildings purchased in the past five years could become zombies, a real-estate vet said. Like many New York office buildings, it's a dead man walking, similar to the hopelessly distressed shopping malls that have multiplied across the country over the past decade. One in four office buildings in Manhattan is valued at less than they last sold for, according to JLL. Bringing zombies back to lifeUnlike in the movies, zombie buildings don't remain undead forever.

Persons: Knotel, Michael Cohen, Cohen, —, haven't, RXR, Chetrit, HPS Organizations: New York, Macmillan Publishers, Manhattan, BNP, Real Estate, Green —, Blackstone, Chetrit, HPS Investment Partners Locations: New, New York City, New York, Manhattan, That's, HPS

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