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☆ Counting the 'colossal' cost of capturing Avdiivka: Russia could have suffered 30,000 casualties and lost over 400 tanks, IFVs
▼ + stars: | 2024-02-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

At least 30,000 Russian soldiers had been killed or wounded, say Ukraine. AdvertisementRussia suffered huge losses in the battle for the strategic town of Avdiivka before ultimately capturing it. Russia lost more than 400 tanks and armored vehicles and "likely thousands of personnel," per the UK Ministry of Defense. He also said that at least 30,000 Russian soldiers had been injured in the battle, per The Telegraph. AdvertisementThere are no figures on the losses Ukraine has suffered in the bloody battle, though they to could also be significant.

Persons: Avdiivka, —, Oleksandr Syrskyi, Wes, Tim, bec Organizations: Service, Armed Forces of, Facebook, Russia, UK Ministry of Defense, Latest Defence, Ukraine –, Defence, kr Locations: Russia, Ukraine, Ukrainian, Avdiivka, Donbas, Armed Forces of Ukraine

☆ ‘Jawbreaker’ is turning 25, but the film’s costumes still represent iconic teen fashion
▼ + stars: | 2024-02-18 | by ( Scarlett Harris | ) edition.cnn.com time to read: +5 min

Horribly wrong, that is, in that it results in the death of the “Four’s” fourth member, Liz Purr, by the titular jawbreaker. From left: Julie Benz, Rose McGowan and Rebecca Gayheart, whose "Jawbreaker" characters turn the hallways of their high school into high-stakes runways. Columbia TriStar/Kobal/ShutterstockSartorial lines can also be drawn from “Jawbreaker” to “Gossip Girl,” “Euphoria” and “Do Revenge,” to name just a few. “The first time you see her as bad Vylette, she’s in full-on hot pink.”Why not purple like the flower she’s named after? “When Fern becomes Vylette she’s not a straight man’s fantasy… She’s essentially dressed like a drag queen!” Stein laughed.

Persons: CNN —, ”, Rebecca Gayheart’s, Julie, Queen Bee Courtney Shane, Rose McGowan, Marcie Fox, Julie Benz, Julie Freeman, Liz Purr, “, Vikki Barrett, Barrett, who’d, “ Romy, Courtney, Marcie, Rebecca Gayheart, Barrett thrifted, Jawbreaker ”, she’s, Darren Stein, ” Barrett, Courtney revamps, Fern Mayo, Judy Greer, “ She’s, Stein, —, Rose McGowan's Courtney, Judy Greer's Fern, Everett, Angelyne, Sandy Olsson, Fern, ” Stein, it’s Organizations: CNN, Queen, Michele’s, Columbia TriStar, TriStar Locations: Los Angeles

☆ Cinema-goers shocked as rats gnawed on popcorn around them, say reports
▼ + stars: | 2024-02-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Cinema-goers setting out to watch "The Color Purple" at a theater in England were alarmed to find rats roaming freely in the auditorium and gnawing on dropped popcorn, KentOnline reports. Bermingham described seeing "lots" of rats crawling around, even inside the cup holders. This story is available exclusively to Business Insider subscribers.

Persons: —, Claire Bermingham, Bermingham, KentOnline Organizations: Service, Odeon Luxe, Business Locations: England, Maidstone , Kent

☆ Funeral directors face backlash after sending older people at a care home Valentine's cards, says report
▼ + stars: | 2024-02-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

Older residents at a UK care home received Valentine's Day cards from a firm of funeral directors. Sanders & Sons Funeral Directors, a funeral firm located in Staines, a market town near the care home. Approximately 40 cards were delivered to the care home by the funeral directors, the BBC reported. T. H. Sanders is part of the Dignity Funeral Directors group, which told the Sun they "deeply regret any unintended distress." "Residents were thrilled to receive the Valentine's Day cards, and they all had a lovely day celebrating," they said.

Persons: —, Sanders, Whitegates Organizations: Service, Sun, Whitegates Care, Sons, BBC, T.H, Business Locations: Whitegates, Surrey, Staines

☆ A lottery player in Florida misses out on $36 million after failing to validate a Mega Millions ticket
▼ + stars: | 2024-02-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

A winning $36 million lottery ticket went unclaimed in Florida. The would-be winner missed the deadline to claim their winnings after a 180-day window. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A lottery participant lost out on $36 million when they failed to announce their winning ticket before the deadline, said the Florida Lottery. The 180-day claim period for the Mega Millions August drawing ended with the 11th of February deadline.

Persons: — Organizations: Service, Florida Lottery, Business Locations: Florida

☆ Morocco's hashish dealers boycott Israeli traffickers in solidarity with Gaza, says report
▼ + stars: | 2024-02-17 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

Dealers of highly-prized Moroccan hashish are severing ties with Israeli drug smugglers. They are boycotting Israeli dealers in protest at the killing of Palestinians in Gaza, said a report. AdvertisementMoroccan hashish dealers are severing ties with Israeli drug smugglers amid the ongoing war in Gaza, per a report in Israeli media. "The hashish dealers in Morocco are not willing to sell us more hashish either directly or through intermediaries," a drug offender from Sharon told Mako , an Israeli news portal, reports. The Moroccan hashish boycott echoes the Palestinian-led Boycott, Divestment, Sanctions (BDS) movement.

Persons: —, Sharon, Mako, siad, Abu Mustafa, Merchants Organizations: Service, Cannabis Museum, Hamas, REUTERS, IDF Locations: Gaza, Morocco, Israeli, Amsterdam, Israel, Gaza City, Moroccan

☆ Israel strikes 'reputation blow' to Iran with sabotage attacks on its gas pipelines, says report
▼ + stars: | 2024-02-17 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Israel sabotaged two major Iranian gas pipelines, said a New York Times report. "It's a major reputation blow for Iran's intelligence and security agencies," said an analyst. The attacks suggest covert networks operating in Iran linked to Israel, an analyst said. AdvertisementIsrael appears to have conducted covert attacks on two major natural gas pipelines inside Iran this week, disrupting heat and cooking gas supplies in several provinces, The New York Times reports. The sabotage marked an escalation in the shadow war between Israel and Iran, said the report.

Persons: Israel, —, Shahin Modarres Organizations: New York Times, Service, The New York Times, Times, Business Locations: Iran, Israel, The

☆ Ukraine shot down 3 Russian fighter jets in one morning, says air force chief
▼ + stars: | 2024-02-17 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

The Ukrainian airforce says it shot down three Russian fighter jets in one morning. The Commander of the of the Air Forces said two Su-34 and one Su-35 fighter jets were downed. AdvertisementUkraine says it shot down three Russian fighter jets in a single morning. On the morning of February 17th, Ukrainian Air Force pilots bravely engaged and destroyed three enemy aircrafts at once-two SU-34 fighter bombers and one SU-35 fighter. It is unclear how Ukrainian forces downed the three Russian fighter jets this morning.

Persons: Su, —, Mykola Oleshchuk, Forbes, Sinéad Baker Organizations: Ukrainian, Air Forces, Ukraine, Service, Air Forces of, Armed Forces of, Armed Forces, Ukrainian Air Force, Patriot, U.S . Army Security, Raytheon Locations: Ukraine, Armed Forces of Ukraine, Russian, United States, Russia

☆ The crack Ukrainian assault brigade sent to launch counterattacks around Avdiivka has a murky past
▼ + stars: | 2024-02-17 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +5 min

Read previewUkraine's 3rd Separate Assault Brigade has been deployed to support the withdrawal from the city of Avdiivka in the Donetsk Oblast, announced on Saturday. "Despite the fact that the occupiers are suffering disproportionate losses, the situation in Avdiivka remains extremely difficult," said the 3rd Separate Assault Brigade's Telegram account. Footage from the 3rd Separate Assault Brigade. In 2023, Biletsky said there was "no split" between the Azov Brigade and the 3rd Assault Brigade," Ukrainska Pravda reported. I am grateful to everyone for their resilience," said the commander of the 3rd Separate Assault Brigade, on Telegram.

Persons: —, …, Naz, tim e, sid, s of, liv Organizations: Service, Brigade, Institute for, Business, Separate Assault Brigade, kr, Unt Locations: Avdiivka, Donetsk Oblast, Russian, Ukrainian

☆ Gypsy Rose Blanchard was a victim of Munchausen by proxy. Experts explain why moms are often behind the abuse.
▼ + stars: | 2024-02-16 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

Munchausen syndrome by proxy, also known as fabricated or induced illness (FII), is a form of child abuse that grabbed headlines late last year following the release of Gypsy Rose Blanchard from prison. Blanchard served eight years after being convicted for her role in the murder of her mother, Clauddine "Dee Dee" Blanchard. "I just wanted out of my situation, and I thought that was the only way out," Gypsy Rose Blanchard said in an interview on Good Morning America following her release. Gypsy Rose Blanchard attends "The Prison Confessions Of Gypsy Rose Blanchard" Red Carpet Event on January 05, 2024 in New York City. Dee Dee Blanchard and Gypsy Rose Blanchard.

Persons: —, Rose Blanchard, Blanchard, Dee Dee, Jamie McCarthy Hope, Hope, Beatrice Yorker, Marc Feldman, Andrea Dunlop, Dunlop, Rod Blanchard, Dee Dee's, Dee Dee Blanchard, Gypsy Rose Blanchard, Feldman, Emma Milne Organizations: National Health Service, Service, America, Business, National Library of Medicine, California State University, Los Angeles's College of Health, BuzzFeed, University of Durham Locations: New York City

☆ Exclusive: Fertility unicorn Kindbody is offering investor discounts in its latest fundraising push
▼ + stars: | 2024-02-16 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: 1 min

Kindbody, last valued at $1.8 billion, is pitching early-stage investors in its latest fundraising. The startup is offering a discount to investors in the round, according to multiple sources. The fertility company was reportedly burning through cash last year. Kindbody's fundraising push is getting complex as the fertility unicorn dangles discounts to potential investors to secure new cash, Business Insider has learned. Now, Kindbody has been forced to broaden its investor outreach and has pitched multiple early-stage VCs, according to two people with knowledge of the effort.

Persons: Kindbody Organizations: Business, Bloomberg

☆ Dubai has more ‘best’ restaurants than any other in the Middle East, according to the 50 Best list group
▼ + stars: | 2024-02-15 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +3 min

CNN —The 50 Best Restaurants power list has unveiled its 2024 list for the Middle East and North Africa (MENA) — and one city is dominating the rankings. The Middle East & North Africa’s 50 Best Restaurants list was launched in 2022, reflecting the rapid growth of the region’s restaurant scene. With a booming culinary landscape of more than 13,000 eateries, Dubai has dominated the list since its inception, with 15 out of 50 restaurants on the list located in the city for the past two editions. The 50 Best awards has helped “put a spotlight” on the evolving food scene, and by platforming more casual restaurants, they’ve created healthy competition among the city’s many eateries. With ongoing conflict in the Middle East, the organizers decided to forgo a live awards event in the region this year.

Persons: — Mohammad, Wassim, Omar —, we’re, ” Mohammad Orfali, William Drew, Grégoire Berger, Berger, “, they’ve, ’ ”, Maryam, Chef Salam Dakkak, Grams, Jason Atherton Organizations: CNN, Dubai, East Locations: East, North Africa, Amman, Cairo, Tel Aviv, Marrakech, Beirut, Dubai, Ossiano, “

LONDON (AP) — Zendaya is on a fashion roll, in a cyborg “Dune: Part Two” kind of way. The co-star of the highly anticipated film sequel stunned Thursday at its world premiere when she hit the sand-strewn carpet in a silver robot suit straight from the archive of Mugler. Zendaya's body-hugging armor outfit with sheer plexiglass inserts has built-in gloves she paired with matching silver heels. While the runway version included a matching headpiece, Zendaya opted for a short sleek hairdo and a blue diamond necklace from Bulgari. Pugh, a newcomer to the world of “Dune” as the Emperor’s daughter, plays Princess Irulan with Austin Butler as Feyd-Rautha.

Persons: d’hiver, ”, Denis Villeneuve’s, Mugler, Law Roach, Zendaya, Timothée Chalamet, Josh Brolin, Rebecca Ferguson, Austin Butler, Florence Pugh, Villeneuve, Chalamet’s Paul Atreides, Zendaya's Chani, Pugh, Irulan, Stellan Skarsgard, Christopher Walken, Charlotte Rampling, Javier Bardem

☆ The “Dune: Part Two” cast’s red carpet looks are out of this world
▼ + stars: | 2024-02-15 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

Doug Peters/PA Images/Alamy Images/Sipa USATimothée Chalamet in Haider Ackermann at the London premiere. Jeff Spicer/Getty ImagesLea Seydoux in an intricately-embroidered Louis Vuitton gown at the London premiere. Marc Piasecki/Getty ImagesChalamet in Prada at the Mexico City premiere on February 6. Medios y Media/Getty ImagesButler in Saint Laurent in Mexico City. Angel Delgado/Getty ImagesChalamet in Hermès at a Mexico City photocall on February 5.

Persons: ” Law Roach, Zendaya, Rick Owens, Timothée Chalamet, Alexander McQueen, Paul Atreides, Roach, Thierry, Haider Ackermann, Florence Pugh, Valentino, Lea Seydoux, Rebecca Ferguson, Louis Vuitton, Anya Taylor, Joy, Dior, Doug Peters, Chalamet, Mike Marsland, Jeff Spicer, Hannah McKay, Scott A, Thierry Mugler, Daniel Leal, Samir Hussein, Austin Butler, Gucci, Ferguson, Marc Piasecki, Geoffroy Van Der, Pugh, Butler, Angel Delgado, Jaime Nogales Organizations: CNN, Balmain, London, Getty, Reuters, Paris, Chalamet, Givenchy Haute Couture, Couture, Mexico City, photocall Locations: Mexico City, Paris, London, Fendi, Bottega Veneta, Zendaya, Roksanda, Louis, Givenchy Haute, Geoffroy Van Der Hasselt, AFP, Prada, Mexico, Saint Laurent, Hermès

☆ Why a rare ‘golden’ tiger photographed in India is worrying conservationists
▼ + stars: | 2024-02-15 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +7 min

But golden tigers — also known as golden tabby tigers or strawberry tigers — are not a subspecies: they’re the result of a genetic mutation that changes the color of their fur. Ramnarayanan spotted the golden tiger, which came within 100 meters of the group, while guiding a safari in the wildlife reserve. The big cat is one of four "golden" tigers in Kaziranga, according to the park's official social media. If Kaziranga’s tiger population becomes more isolated, issues like inbreeding will threaten the population, said Sharma in his post on X. For photographer Ramnarayanan, Kaziranga’s golden tiger was his first sighting of these unusually colored big cats.

Persons: Gaurav Ramnarayanan, Ramnarayanan, “ I’ve, —, Uma Ramakrishnan, There’s, ”, that’s, Gaurav, Mayuresh Hendre, Rabindra Sharma, Sharma, Kota Ullas Organizations: CNN, UNESCO, Heritage, National Center for Biological Sciences, Centre for Wildlife Studies Locations: India’s, Assam, Kaziranga, Mumbai, ”, India

The “Last of Us” and “Mandalorian” actor is set to play Reed Richards (also known as Mister Fantastic) in the newest incarnation of “The Fantastic Four,” the studio announced Wednesday. The rest of his squad was revealed, too, with Vanessa Kirby stepping up as Susan Storm (The Invisible Woman), Joseph Quinn of “Stranger Things” as Johnny Storm (The Human Torch), and Ebon Moss-Bachrach of “The Bear” as Ben Grimm (The Thing). “The Fantastic Four” is among Marvel’s longest-running comics series and the titular crew is one of its most beloved groups. When it debuted in November 1961, it was a refreshing revelation that helped inform the Marvel voice and set a path for Iron Man and Spider-Man. The film is set to be directed by “WandaVision” veteran Matt Shakman, with a planned July 25, 2025, theatrical release.

Persons: Pedro Pascal, Mandalorian, Reed Richards, Vanessa Kirby, Susan Storm, Joseph Quinn, Johnny Storm, Ebon Moss, Bachrach, “, Ben Grimm, Stan Lee, Jack Kirby, Roger Corman, Alex Hyde, Rebecca Staab, Jay Underwood, Michael Bailey Smith, Oley Sassone, Corman's, Tim Story, Chris Columbus, Raja Gosnell, ” helmer Peyton Reed, ” Ioan Gruffudd, Reed, Jessica Alba, Susan, Chris Evans, Johnny, Michael Chiklis, Ben, Kevin Feige, John Krasinski, Strange, “ WandaVision, Matt Shakman Organizations: Star Wars, Marvel, Century Fox

☆ When Presidents Talk to Ghosts
▼ + stars: | 2024-02-14 | by ( Rebecca Davis O Brien | ) www.nytimes.com time to read: +1 min

But in the high-profile federal inquiries into President Biden and former President Donald Trump over their handling of classified documents, the writers who were supposed to evade the spotlight found themselves in the public glare. In 2017, Biden read to his own ghostwriter from notebooks he had in his home, which contained classified materials. Trump was ultimately charged with federal crimes, while Biden was not. The documents Trump shared were intended to rebut an account about his last days in office — and they were shared not with his own ghostwriter, but someone else’s. More broadly, they are about the impulse of powerful figures to burnish their legacies, and to tell their stories on their own terms.

Persons: Ghostwriters, Biden, Donald Trump, —, — Trump, Mark, Trump, “ Locations: Iran, Mark Meadows, —

How Every Member Voted on Impeaching Alejandro MayorkasTuesday’s impeachment vote Answer Democrats Dem. The House passed a resolution Tuesday night to impeach Alejandro N. Mayorkas, the homeland security secretary, over his handling of the southwestern border. The vote was 214 to 213, with all but three present Republicans voting yes. A first attempt to impeach Mr. Mayorkas failed last week after the same three Republicans broke with their party and voted against the impeachment. How every member voted in the two efforts to impeach Mayorkas

Persons: Impeaching Alejandro Mayorkas Tuesday’s, Alejandro, Mayorkas, Mr, Steve Scalise Organizations: Dem, House, Republicans Locations: Louisiana

☆ House Republicans prepare to vote again on Mayorkas impeachment, bolstered by return of Scalise
▼ + stars: | 2024-02-13 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

U.S. Department of Homeland Security Secretary Alejandro Mayorkas holds a press conference at a U.S. Border Patrol station on January 08, 2024 in Eagle Pass, Texas. House Republicans are preparing to take another stab at impeaching Homeland Security Secretary Alejandro Mayorkas, a week after the same effort failed in an embarrassment for Speaker Mike Johnson, R-La. This time around, Republicans are confident they will have the majority vote to impeach now that House Majority Leader Steve Scalise, R-La., has returned to Washington after cancer treatment, which prevented him from breaking last week's 215-215 tie. If Republicans eke out a majority vote against Mayorkas, he would become only the second cabinet member in U.S. history to be impeached. The White House has supported Mayorkas, condemning the impeachment effort as a political distraction by Republicans, who refused $20 billion of border security funding in a bipartisan Senate deal last week.

Persons: Alejandro Mayorkas, Mike Johnson, Steve Scalise, Tom Emmer, Ken Buck, Ken Buck of Colorado, Mike Gallagher, Tom McClintock of, Gallagher, Buck, spokespeople, McClintock, George Santos, Tom Suozzi, eke, Mayorkas, Marjorie Taylor Greene, Karine Jean, Pierre Organizations: Department of Homeland, U.S . Border Patrol, House Republicans, Homeland, Republican, Capitol, GOP House, CNBC, Democratic, Mayorkas, Rep, Press, House Press Locations: U.S, Eagle Pass , Texas, Washington, Ken Buck of, Wisconsin, Tom McClintock of California, New York, Marjorie Taylor Greene of Georgia

☆ Stefan Irvine’s photos capture the Hong Kong villages reclaimed by nature
▼ + stars: | 2024-02-13 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —Thick roots tumble across a dilapidated house, the snake-like trunks of a banyan tree framing where the front door once stood. “These villages have existed in Hong Kong for hundreds of years, way before the colonial period,” explained Irvine. In the 1950s and ‘60s, as Hong Kong grew as an industrial hub, many people migrated to the rapidly expanding urban centers for better working opportunities. Stefan Irvine / Courtesy Blue Lotus Gallery, Hong Kong“There were calendars on the wall, school certificates in drawers — it’s quite poignant,” said Irvine. Stefan Irvine / Courtesy Blue Lotus Gallery, Hong KongHeritage valueWhile most of the villages Irvine photographed are abandoned, he was surprised to discover not all were.

Persons: Stefan Irvine, ” Irvine, “ It’s, ”, “, Irvine, Wong Chuk, Lai Chi Wo, they’ll, Tung Ping Chau, Yim Tin Tsai, Luk Keng, Lai, they’ve, Hong, Wo Organizations: Hong Kong CNN, steely, Hong, HK, Irvine, Blue Lotus Locations: Hong Kong, Malaysian, India, Irvine, New Territories, Accounting, Hong Kong’s, London, Tai Peng, Lamma, Lai Chi, Queen's Hill, Fanling, Tung, Shenzhen, China, “, Mau, Lai, Hong

☆ Treasury proposes rule to extend anti-money laundering regs to investment advisers
▼ + stars: | 2024-02-13 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

The Treasury Department's corruption watchdog on Tuesday issued new proposed regulations that would extend major pieces of the anti-money laundering (AML) rules that apply to banks to some investment advisers. The new rules would apply to investment advisers who are registered with or report to the Securities Exchange Commission, leaving out what FinCEN estimates to be at least 17,000 state-registered investment advisers. The proposed regulations stop short of requiring investment advisers to adopt formal customer identification programs, like banks do. Investment advisers manage tens of trillions of dollars, but until now, they have been largely exempt from the AML regulations arising from the 1970 Bank Secrecy Act and subsequent legislation. In 2003 and 2015, FinCEN proposed similar rules that would have expanded BSA provisions to cover investment advisers.. to combat money laundering and terrorist financing.

Persons: Janet Yellen, FinCEN, Andrea Gacki Organizations: Financial, Treasury, Securities Exchange Commission, Investment Locations: Vienna , Virginia, FinCEN, China, Russia

☆ Putin's big week means more uncertainty for the markets during a critical time
▼ + stars: | 2024-02-13 | by ( Milly Struthers | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today’s big story, we’re looking at why the recent resurgence of Vladimir Putin and Russia comes at an inopportune time for the markets. The big storyPutin's big weekRebecca Zisser/Business InsiderVladimir Putin hasn't notched many personal wins since Russia's invasion of Ukraine, but last week was an exception. Putin’s successes further complicate a geopolitical situation that has silently loomed over a US economy trying to tiptoe past a recession.

Persons: —, florists, Vladimir Putin, Rebecca Zisser, Vladimir Putin hasn't, Tucker Carlson, he’s, Tom Porter, Carlson, Putin, Joe, Donald Trump, BI’s Brent D, Griffiths, Tom, GAVRIIL, Jamie Dimon, Ray Dalio, Jerome Powell, It’s, David Rosenberg, doesn’t, Alex Wong, Stocks, Savita Subramanian, Grammarly, Abanti Chowdhury, Zers, Temu, Sam Altman, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, NATO, Sputnik, Kremlin, JPMorgan, Bridgewater Associates, Reserve, Federal Reserve, Bank of America, Labor Statistics, Tech, Chiefs, 49ers, World, Ferrari, Business Locations: Russia, Ukraine, Russian, Moscow, China, Israel, Gaza, Washington ,, New York, London

☆ Lael Brainard slams food companies for ‘shrinkflation' as White House attacks price gouging
▼ + stars: | 2024-02-13 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Director of the National Economic Council Lael Brainard speaks during the daily press briefing at the White House January 11, 2024 in Washington, DC. National Economic Council Director Lael Brainard on Tuesday blamed higher consumer prices on "shrinkflation," doubling down on the latest battlefront of President Joe Biden's corporate pressure campaign. Shrinkflation, the practice of reducing product sizes while keeping prices the same, is Biden's latest line of attack against corporations, which he debuted on Super Bowl Sunday. Both the White House and Biden's 2024 reelection campaign have touted inflation recovery as a key accomplishment of his economic agenda, dubbed Bidenomics. "The president is going to continue emphasizing that input costs have come down, supply chains have healed," Brainard said.

Persons: Lael Brainard, Brainard, Joe, Biden Organizations: National Economic, Economic, Cola, PepsiCo, Procter, Gamble, Super, Sunday, White Locations: Washington , DC

☆ BlackRock is overhauling the way it advises powerful investors, from sovereign wealth funds to central banks
▼ + stars: | 2024-02-13 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +5 min

The shake-up targets the $10 trillion money manager's influential group that provides services to high-stakes institutional clients like sovereign wealth funds, insurers, and central banks. The group has ambitions to become "the most trusted advisor to financial institutions in our industry," he wrote. AdvertisementThe FSIG includes the firm's Financial Markets Advisory team and the Financial Institutions Group. It had also historically encompassed the Official Institutions Group, known as OIG, which will no longer be a stand-alone unit, a BlackRock spokesperson confirmed on Tuesday. She has been critical to driving relationships with institutions and "instrumental in making BlackRock the partner of choice for central banks globally," he wrote.

Persons: —, Volodymyr Zelenskyy, Charles Hatami, BlackRock's, Hatami, Isabelle Mateos y, OIG, Mateos y, Crystal Wan, Olivier Van Eyseren, Anne Parthiot, Mark Erickson, Kimberly Kim, Erickson, Hiro Shimizu, Philipp Hildebrand, BlackRock's Brandon Hall, Brandon Hall, Ben Leax, Rob Goldstein, FMA, Larry Fink Organizations: Service, Business, BlackRock's Financial, Strategic Investors Group, Business Insider, Financial, Group, BlackRock, International Monetary Fund, FIG, EMEA, Presidential, Brandon Locations: Isabelle Mateos y Lago, Hatami, Europe, Middle East, Africa, Asia, Pacific, Ukraine, Central Asia, US

☆ Meet the Woman Who Helped Pay for That R.F.K. Super Bowl Ad
▼ + stars: | 2024-02-12 | by ( Rebecca Davis O Brien | ) www.nytimes.com time to read: +1 min

Super Bowl ads cost a fortune. So when a group backing the presidential bid of Robert F. Kennedy Jr. ran a 30-second ad for him during Sunday night’s game, the political world took notice. How had the super PAC of a long-shot independent candidate paid for such a costly spot, and whose idea was it to adapt a vintage John F. Kennedy ad for his nephew’s campaign? In an interview on Monday, Ms. Shanahan said she had given $4 million to the super PAC, American Values 2024, about a week before the game, for the express purpose of helping pay for a Super Bowl ad. She also helped coordinate the ad’s production, she said, including navigating concerns from CBS Sports and Paramount, which broadcast the Super Bowl.

Persons: Robert F, Kennedy Jr, John F, Kennedy, Nicole Shanahan, Sergey Brin, Ms, Shanahan Organizations: Sunday, Google, CBS Sports, Paramount

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