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Deputy White House chief of staff Annie Tomasini, a longtime aide to the Bidens, joins Donilon and Ricchetti in forming a protective bubble around the president. “The phones just kind of stopped ringing,” is how one senior Democrat put it. “Staff in general are just over the leadership here,” one White House official said. Inside the White House, senior administration officials are bracing for Republicans to call for Biden to resign the presidency if he doesn’t seek reelection. With Biden’s political future on the brink, the White House is fielding a steady stream of letters, telephone calls and message from Americans, too, from Democratic voters like Terri and John Hale.
Persons: Joe Biden, , Biden, Anita Dunn, Bob Bauer, Jen O’Malley Dillon –, , Mike Donilon, Steve Ricchetti –, Annie Tomasini, Anthony Bernal, Jill Biden, Tomasini, Biden –, Andrew Bates, they’ve, ” Bates, Kevin Munoz, we’re, Nancy Pelosi, Pelosi, , Donilon, Hakeem Jeffries, Jeffries, ” Biden’s, Quentin Fulks, doesn’t, Terri, John Hale, Hales, ” CNN’s Pamela Brown Organizations: Washington CNN, White, Democratic, CNN, Wing, Biden, White House, Donilon, Democrats, “ Staff, House Locations: , Milwaukee, Covid, Delaware, Rehoboth Beach, Ankeny , Iowa
A separate special counsel, David Weiss, has been investigating Hunter Biden since 2018 and brought the separate gun and tax indictments against him last year. In fact, Hunter Biden tried but failed to get the gun and tax cases thrown out based on similar arguments. Reviving those arguments, Hunter Biden cited momentum from Trump-appointee Cannon and conservative Supreme Court Justice Clarence Thomas. Ironically, while Hunter Biden champions their rulings, many of his father’s allies have condemned them. At his gun trial, Hunter Biden was found guilty of buying and possessing a gun while abusing illegal drugs.
Persons: CNN — Hunter Biden, Aileen Cannon, Donald Trump, Joe Biden’s, Trump, Jack Smith, David Weiss, Hunter Biden, Biden, he’s, Weiss, , General Merrick Garland, Smith, Cannon, Clarence Thomas, Hunter, ” Hunter, Weiss ’, ” Cannon’s, Alexander Smirnov, Joe, Smirnov’s Organizations: CNN, Justice Department, Mr, Trump, Court, Hunter Biden, ex, FBI Locations: Delaware, California
Our campaign is not working through any scenarios where President Biden is not the top of the ticket. The delay stopped a draft letter circulating among House Democrats that, if made formal, would have exposed further cracks in the party. House Minority Leader Hakeem Jeffries and Senate Majority Leader Chuck Schumer both pushed the DNC to delay the process, multiple sources told CNN. Behind the scenes, the president is not as defiant as he is in public, multiple Democratic sources told CNN. “President Biden is the nominee of the party.
Persons: Joe Biden, Nancy Pelosi, Biden, Donald Trump, , Lloyd Austin, Ketanji Brown, ” Biden, Ketanji Brown Jackson, , Aaron Ford, Ford, , Quentin Fulks, Harris, Kamala Harris, Fulks, he’s, ” “, Pelosi, Biden’s, Volodymyr Zelensky, Putin ”, Trump ”, Lester Holt, Hakeem Jeffries, Chuck Schumer, ” “ He’s, ‘ Kamala can’t, , Kamala, “ It’s, ” Kevin Munoz, White, Andrew Bates, ” Bates, CNN’s MJ Lee, Annie Grayer, Donald Judd, Veronica Stracqualursi Organizations: Washington CNN, Democratic Party, CNN, Trump, BET, Las Vegas, Air Force, Secret Service, , White House, Biden, Democratic, Blue Rose Research, Democrats, NATO, House Democrat, NBC, Democratic National Committee, DNC, White Locations: Delaware, Rehoboth Beach , Delaware, Nevada, Milwaukee, Chicago, New Hampshire , Minnesota, New Mexico, Virginia, Maine, Washington
These 10 U.S. states have America’s best economies in 2024
  + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com   time to read: +13 min
We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Delaware's economy turned in a lackluster performance in 2023 — the only state economy to shrink last year. Mario Tama | Getty ImagesThe Grand Canyon State's surging chip sector is delivering many dividends, including strong job growth and a healthy housing market. But he noted that construction employment grew at a healthy pace last year, evidence that the state economy still has steam left.
Persons: Dupont De Nemours, Ethan Miller, Kevin C, George Frey, Mark Knold, Knold, Zions, Mario Tama, Katie Hobbs, Allison Joyce, they've, Andrew Berger, Gross, Berger, Nina Dietzel, Lawrence Kessler, Kessler, Brandon Bell, Joe Raedle Organizations: Companies, Business, Delaware, Istock, Getty, Fortune, Census, Commerce Department, Aaa, Direct Investment, Corporate, Gem State, Micron Technology, Lamb Weston Holdings, Silver State, Pew, Major Corporations, Vegas Sands, MGM Resorts, Benz, Cox, Mercedes, Nestlé, Purina, Adidas, Georgia Department of Economic, U.S . Commerce Department, Assurant, Intercontinental, Contractors, Bloomberg, Utah's Department of Workforce Services, Arizona Workers, Gov, Democrat, Major, Technology, North, Health, Employers, North Carolina Department of Commerce, Corporate Headquarters, Bank of America, Duke Energy, Tennessee, University of Tennessee, The Volunteer State, FedEx, Texas Employees, Lone Star State, Entrepreneurship, Oracle, Tesla, Amerant Locations: States, Wilmington, New Castle County , Delaware, Delaware, Incyte, Idaho, Boise , Idaho, USA, Nevada, Las Vegas, Las Vegas , Nevada, Southern California, Vegas, Georgia, Atlanta , Georgia, Peach, Utah, Provo , Utah, U.S, Beehive, Buckeye , Arizona, Arizona, North Carolina, Wilmington , North Carolina, Carolina, Tennessee Nashville , Tennessee, Luling , Texas, The Texas, North Dakota, California, Texas, Florida, Sunrise , Florida
Top allies have either publicly or privately called on him to step aside. "We're close to the end," a person close to Biden said. That person, who previously doubted Biden would ever step aside, acknowledged that it's the president's decision but joined in the array of Biden allies who say he is nearing a point of no return. "The president is feeling fine, he is self-isolating in Delaware," Quentin Fulks, principal deputy campaign manager for the Biden campaign, said at a news conference in Milwaukee. "Our campaign is not working through any scenarios where President Biden is not the top of the ticket.
Persons: Joe Biden's, Biden, Donald Trump, Adam Schiff, Hakeem Jeffries, Nancy Pelosi, Sen, Chuck Schumer —, , that's, They're, Quentin Fulks, Lester Holt, I've, I'm, reevaluate, Carol E, Lee, Monica Alba, Natasha Korecki Organizations: WASHINGTON, Republican National Convention, Democratic, Trump, White, Biden, NBC News, Republican Locations: Atlanta, Rehoboth Beach, Del, Milwaukee, Delaware, Washington, Chicago
Elon Musk is going all-in on Donald Trump
  + stars: | 2024-07-16 | by ( Chris Isidore | ) edition.cnn.com   time to read: +5 min
New York CNN —At first glance Elon Musk and Donald Trump wouldn’t seem to be natural allies. Musk has given money to candidates from both parties in the past, including $5,000 to Barack Obama in April of 2011. Musk quit two White House business councils he served on early in 2017 after Trump announced America would withdraw from Paris climate accord. But for the last several years Musk has repeatedly shown support for Trump – or opposition to President Joe Biden. Musk recently tweeted the EV subsidies passed under Biden actually helped its rivals more than Tesla.
Persons: Elon Musk, Donald Trump wouldn’t, Musk, Barack Obama, Trump, , DJT, “ influencers, , Tesla, ” Musk, haven’t, , Joe Biden, Twitter, Biden Organizations: New, New York CNN, Street, PAC, Democratic, Republican, Trump, America PAC, White, America, Twitter, Biden Administration, EV, Biden, SpaceX Locations: New York, America, , Elon, Delaware, Paris
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Mario Gabelli on why he's seeking more clarity in Skydance-Paramount dealMario Gabelli, GAMCO Investors chairman CEO, joins 'Squawk Box' to discuss the state of the Skydance-Paramount deal, why he filed paperwork in Delaware to seek more clarity on the deal,
Persons: Mario Gabelli Organizations: Billionaire, Paramount, GAMCO Locations: Delaware
“I will Never Surrender!” Mr. Trump wrote in a text message to supporters. And Mr. Trump is preparing to name his running mate and formally claim his party’s nomination for the third consecutive election. Vance of Ohio, who is on the shortlist of candidates that Mr. Trump is considering as a running mate, wrote on X. “An assassination attempt is contrary to everything we stand for as a nation,” Mr. Biden said. Mr. Trump had assured Malphine Fogel, who lives in Butler County, that he would help get her son home.
Persons: Donald J, Trump’s, Trump, Biden’s, Biden, , Mr, , Susie Wiles, Chris LaCivita, LaCivita, Doug Mills, Ronald Reagan, Melania Trump, Douglas Brinkley, Butler, ” Mr, Brinkley, “ Trump, Dan Crenshaw, Lara Trump, Kenny Holston, Donald Trump, J.D, Vance of Ohio, Lester Holt, Pramila Jayapal, Eric Lee, Nancy Pelosi, Gabby Giffords, Steve Scalise, “ It’s, Scalise, Mike Johnson, ” “ We’ve, Johnson, Christine Toretti, committeewoman, gee, Ms, Toretti, Malphine Fogel, Mike Kelly, ” Reid J, Epstein, Lisa Lerer Organizations: White, Republican National Convention, Trump, Washington, Republicans, New York Times, Rice University, , Republican, Republican National Committee, Trump . Federal, NBC, Congressional Progressive Caucus, Mr, Capitol, Arizona Democrat, Fox News, Louisiana Republican, Homeland Security, Pennsylvania Republican Locations: Pennsylvania, Delaware, New Jersey, Milwaukee, West Palm Beach, “ America, Butler , Pennsylvania, Texas, Trump ., America, Washington, San Francisco, Arizona, Louisiana, Butler County
Washington CNN —President Joe Biden said he is grateful former President Donald Trump is safe after a shooting at his rally in Pennsylvania. Speaking from Rehoboth Beach, Delaware, about two hours after the shooting, Biden said, “There’s no place in America for this kind of violence.”“It’s sick,” the president added. Biden and Trump spoke late Saturday night, a White House official said. He’ll receive an updated briefing from homeland security and law enforcement officials on Sunday, the White House official said. It’s unconscionable,” a senior White House official told CNN.
Persons: Joe Biden, Donald Trump, Biden, , ” “, , Trump, , Richard Goldinger, He’ll, “ Jill, Julie Chávez Rodríguez, Jen O’Malley Dillon, ” “ We’re, Chávez, O’Malley Dillon, ” Biden’s, Jeff Zients, It’s, CNN’s Evan Perez, Camila DeChalus Organizations: Washington CNN, White, Trump, CNN, Edmond’s Catholic, House, White House, Service Locations: Pennsylvania, Rehoboth Beach , Delaware, America, Butler County , Pennsylvania, St, Rehoboth Beach, Delaware, United States
New York CNN —LinkedIn co-founder Reid Hoffman is providing significant financial firepower to Smartmatic as the voting technology company fights Fox News and Newsmax over the right-wing networks’ repeated airing of 2020 election lies. A person with knowledge of the matter wouldn’t say exactly how much money Hoffman poured into Smartmatic but told CNN the eight-figure investment surpassed $10 million. Smartmatic is seeking billions of dollars in damages from Fox News, Newsmax and other right-wing figures that falsely accused the company of rigging the 2020 election. The voting technology company’s defamation lawsuit against Fox News is still in the fact-finding “discovery” phase and isn’t expected to go to trial until 2025. Smartmatic is also suing Trump 2020 campaign lawyer Sidney Powell and MyPillow CEO Mike Lindell – two of the most egregious peddlers of election disinformation.
Persons: Reid Hoffman, Hoffman, “ Smartmatic, ” Hoffman, , Donald Trump, Smartmatic, Antonio Mugica, Mugica, Hoffman “, “ doesn’t, Trump, Joe Biden, ” Mugica, Biden, , Sidney Powell, Mike Lindell –, Powell, ” Lindell, Christopher Kachouroff Organizations: New, New York CNN, LinkedIn, Fox, Democratic, The Washington Post, CNN, Trump, Republican, Fox News, Fox Corporation, Delaware Superior Court, America News, Fox News Media, Justice Department Locations: New York, Smartmatic, Delaware Superior, Philippines, Fox, Dominion
President Joe Biden joked about his age and discussed his faith during remarks to churchgoers at Philadelphia’s Mount Airy Church of God in Christ during a campaign stop Sunday. We don’t know where or what faith will deliver us to or when. What we do know, is that we can seek a life of light, hope, love and truth, no matter what — we can seek that life. Biden separately discussed this week’s NATO summit, stating: “I’m about to host the NATO nations in Washington. Biden’s allies have encouraged him to do more unscripted and off-the-cuff events to shift the narrative away from his poor debate performance.
Persons: Joe Biden, churchgoers, , I’ve, , Biden, We’ve, America —, Biden’s Organizations: Airy, of God, NATO Locations: Philadelphia’s, Delaware, Washington, America
Even so, four sources close to the Biden family said there is no active effort to shake up staffing right now. Hunter Biden's appearance in White House meetings this week was just one instance of what is expected to be the deeper Biden family involvement. From the view of some Biden aides, the family is seizing on an opportunity to try to settle old scores. President Joe Biden's family is attempting to become more involved over his campaign and White House affairs as their anger with his staff spills into public view. Hunter Biden's stepped-up involvement has confounded some White House staff members and revived a longtime sore spot.
Persons: Biden, Anita, Bob, Jeff Zients, Anita Dunn, Bob Bauer, Hunter, Valerie Owens, Joe Biden's, Joe Biden, Jill Biden, Francis S, Ron Klain, It's, Hunter Biden's, Bauer, Dunn, Hunter Biden, Michael LaRosa, LaRosa, Andrew Bates, Donald Trump, Bauer haven't, Almighty's Organizations: White, White House, ABC, Biden, NBC, Air Force, Gabreski, Union, Yale, Camp David, Democratic Party, Trump Locations: White, Washington, Westhampton Beach , New York, Delaware
President Biden sought to steady his re-election campaign by talking with two Black radio hosts for interviews broadcast on Thursday, but he spoke haltingly at points during one interview and struggled to find the right phrase in the other, saying that he was proud to have been “the first Black woman to serve with a Black president.”He also stumbled over his words during a four-minute Fourth of July speech to military families at the White House, beginning a story about former President Donald J. Trump, calling him “one of our colleagues, the former president” and then adding, “probably shouldn’t say, at any rate” before abruptly ending the story and moving on. Mr. Biden made the mistake on WURD radio, based in Philadelphia, as he tried to deliver a line that he has repeated before about having pride in serving as vice president for President Barack Obama. Earlier in the interview, he boasted about appointing the first Black woman to the Supreme Court and picking the first Black woman to be vice president. The president also made a mistake earlier in the interview when he asserted that he had been the first president elected statewide in Delaware. He appeared to mean that he was the first Catholic in the state to be elected statewide, going on to speak admiringly of John F. Kennedy, a Catholic.
Persons: Biden, , Donald J, Trump, Barack Obama, John F, Kennedy Organizations: White, Supreme Locations: Philadelphia, Delaware
New York CNN —The parent company of Redbox, those distinctive, red-colored kiosks at grocery stores that sell or rent DVDs, has filed for bankruptcy after enduring months of financial struggle. Filing for Chapter 11 bankruptcy could help the company fix those issues if its plans are approved by a court in Delaware. The company’s publishing arm, which produces those ubiquitous self-help books that were once a worldwide phenomenon, isn’t affected by the bankruptcy filing of its entertainment unit. The number of Redbox kiosks has grown to about 34,000 across the US, largely located at grocery and drug stores. Since its 2002 launch, Redbox has rented its 1 billion discs at prices cheaper than cable, according to its website.
Persons: CSSE didn’t, Redbox Organizations: New, New York CNN, Soul Entertainment, BBC, Sony Pictures, Walmart, Walgreens, Apollo Global Management, Sony, Netflix Locations: New York, Redbox, Delaware
Hunter Biden sues Fox News over 'mock trial' miniseries
  + stars: | 2024-07-01 | by ( ) www.cnbc.com   time to read: +2 min
Hunter Biden (R), son of US President Joe Biden, exits the J. Caleb Boggs Federal Building on June 10, 2024 in Wilmington, Delaware. Jury deliberations began on Monday in Hunter Biden's trial on federal gun charges, US media reported. U.S. President Joe Biden's son Hunter Biden sued conservative news outlet Fox News on Monday for publishing nude photos and videos of him in a fictionalized "mock trial" miniseries focused on his foreign business dealings. Hunter Biden alleges Fox violated New York state's so-called revenge porn law, which makes it illegal to publish intimate images of a person without their consent. Fox aired "The Trial of Hunter Biden: A Mock Trial for the American People" on its Fox Nation streaming platform in October 2022 but later took it down under threat of lawsuit by Biden's attorneys.
Persons: Hunter Biden, Joe Biden, Caleb Boggs, Hunter Biden's, Joe Biden's, Fox, Biden Organizations: Fox Locations: Wilmington , Delaware, New York, Delaware, California
President Biden’s son Hunter Biden sued Fox News on Sunday, arguing that a mini-series produced by the company broke the law by sharing explicit photos and videos of him without his permission. The program, “The Trial of Hunter Biden,” which first appeared in 2022 on Fox Nation, the network’s streaming service, presented a dramatized version of a criminal trial of Mr. Biden, with fictional charges. The mini-series integrated real-life images of Mr. Biden in the nude and engaged in sex acts, imagery that was discovered on a laptop that Mr. Biden abandoned at a computer repair shop in Delaware. The law allows people to sue anyone who shares their sexually explicit photos and videos without permission. “Fox published and disseminated these intimate images to its vast audience of millions as part of an entertainment program in order to humiliate, harass, annoy and alarm Mr. Biden and to tarnish his reputation,” the lawsuit states.
Persons: Biden’s son Hunter Biden, Hunter Biden, , Mr, Biden, Fox, “ Fox Organizations: Fox News, Fox Nation, New York Supreme Locations: Delaware, New York, Manhattan, New York State
Five members of the same family who had been traveling for a baseball tournament were killed when their small plane crashed in upstate New York on Sunday afternoon, the authorities said. The plane, a single-engine Piper PA-46, crashed around 2 p.m. in a rural area in Delaware County, near Sidney, about 40 miles northeast of Binghamton, the Federal Aviation Administration said, killing all onboard. The plane wreckage was discovered Sunday night, the F.A.A. There were five people on the plane, state police said: Roger Beggs, 76; Laura VanEpps, 43; Ryan VanEpps, 42; James R. VanEpps, 12; and Harrison VanEpps, 10. The passengers were from Georgia and were in Cooperstown, N.Y., for a baseball tournament, state police said.
Persons: Roger Beggs, Laura VanEpps, Ryan VanEpps, James R, Harrison VanEpps Organizations: Federal Aviation Administration Locations: New York, Delaware County, Sidney, Binghamton, Georgia, Cooperstown, N.Y
Donald Trump’s potential vice president picks
  + stars: | 2024-06-21 | by ( Kaanita Iyer | ) edition.cnn.com   time to read: +15 min
CNN —Former President Donald Trump has been busy in recent weeks. Doug Burgum speaks during a campaign event with former President Donald Trump, in Laconia, New Hampshire, in January. Vance, shakes hands with former President Donald Trump during a rally hosted by the former president at the Delaware County Fairgrounds in Delaware, Ohio. He is also close with Donald Trump Jr.Vance, a former venture capitalist, veteran and author, is among the candidates who received vice-presidential vetting materials from the Trump campaign. Rep. Byron Donalds speaks before former President Donald Trump at the “People's Convention” of Turning Point Action on June 15, 2024, in Detroit.
Persons: Donald Trump, Trump, Doug Burgum, Al Drago, Burgum, Burgum —, , CNN’s Kaitlan Collins, , ” Burgum, , Sen, Marco Rubio, Joe Raedle, Florida Sen, Marco Rubio —, Rubio, Joe Biden, Vance, Drew Angerer, Vance Ohio Sen, J.D, Donald Trump Jr, Mike Pence’s, Tim Scott, Justin Sullivan, Tim Scott Trump, Scott, Nikki Haley, Elise Stefanik, Chip Somodevilla, Stefanik, Stefanik —, she’s, Ben Carson, Anna Moneymaker, Carson —, — didn’t, ” Carson, Carson, ” Trump, Byron Donalds, Carlos Osorio, Ron DeSantis, Donalds, Jim Crow, ” Donalds, ” “, Tasos Katopodis, Biden, Haley, ” Haley, didn’t, Tom Cotton, Andrew Harnik, Tom Cotton Arkansas Sen, Cotton, Tulsi Gabbard, Brendan Smialowski, wokeness, ” Gabbard, Gabbard, CNN’s Veronica Stracqualursi, David Wright, Shania Shelton, Kristen Holmes, Steve Contorno, Stephen Collinson, Avery Lotz, Manu Raju, Alayna Treene, Kate Sullivan, Aaron Pellish, Jeff Zeleny, Eva McKend, Gregory Krieg, Kylie Atwood, Arit John, Ebony Davis, Clare Foran, Ali Zaslav, Ted Barrett Organizations: CNN, Republican National Convention, North Dakota Gov, Bloomberg, Getty, Doug Burgum North Dakota Gov, Microsoft, Trump, Miami - Dade Country Fair, Delaware County Fairgrounds, Capitol, Fox News, Greenville Convention Center, South, Republican, Senate, South Carolina Gov, Grace Baptist Church, Ben Carson Former Housing, Urban, Department of Housing, Florida Gov, Trump ”, Democratic, Press, GOP, United Nations, UN, National Security Council, House, Senate Republican, NBC, Conservative Political, Conference, Tulsi, Former Hawaii Rep, Democratic National Committee, Democrat, New York Times, Defense Department, State Department Locations: New York, Laconia , New Hampshire, Miami, Florida, Delaware, Delaware , Ohio, Congress, Ukraine, Greenville, Greenville , South Carolina, South Carolina, Grappone, Concord , New Hampshire, Marion , Iowa, Detroit, Byron Donalds Florida, Trump, West Des Moines , Iowa, Washington , DC, Afghanistan, Iraq, National Harbor , Maryland, AFP, American
Delaware and Montana are second and third in new business openings per 100,000 residents since the start of 2024. AdvertisementThe boom in business translates to 283 new businesses per 100,000 residents in Wyoming, 153 in Delaware, and 106 in Montana. Wyoming also led the nation in new business applications per capita in 2023, according to the Chamber of Commerce. Business-friendly taxationWyoming, Delaware, and Montana are all particularly attractive to new business owners due to their tax laws. AdvertisementAre you a new small-business owner in Wyoming, Delaware, or Montana?
Persons: , Louis Fed, LendingTree, Louis, EIG Organizations: Service, Business, Census, Chamber of Commerce, Fed, of Labor Statistics, Louis Fed, Tax Foundation, Washington D.C, Fortune, state's, Corporations, Economic Innovation Group Locations: Wyoming, Delaware, Montana, In Montana, New York City, San Francisco, South Dakota, Nevada, Washington, , Wyoming, West, Wyoming , Delaware
That sent lower courts scurrying into historical analyses to figure out if modern gun laws had some connection to the 18th Century. Roberts’ opinion said that lower courts were misunderstanding what the majority had said in that ruling. But Justice Ketanji Brown Jackson, a member of the court’s liberal wing, suggested it was the high court’s fault for not providing clarity for lower courts to follow. One deals with a Pennsylvania man’s challenge to a federal law prohibiting felons, including those who are non-violent, from possessing firearms. Solicitor General Elizabeth Prelogar presented that argument with an eye toward several other challenges pending to similar federal gun prohibitions that involve non-violent criminal activity.
Persons: John Roberts, Zackey Rahimi, ” Roberts, Donald Trump, Roberts, Ketanji Brown Jackson, Neil Gorsuch, Brett Kavanaugh, Kavanaugh, Amy Coney Barrett, ” Barrett, ” Thomas ’, Bruen, Clarence Thomas, Thomas, Elie Honig, SCOTUS, Rahimi, ” Thomas, Hunter Biden, Hunter, Biden, Daniels, Steve Vladeck, , Elizabeth Prelogar Organizations: CNN, Supreme Court, New York, Trump, US, Appeals, Supreme, Circuit, University of Texas School of Law Locations: Texas, New, Bruen, Mississippi, Delaware, Pennsylvania, Illinois
EV startup Fisker files for bankruptcy, aims to sell assets
  + stars: | 2024-06-18 | by ( ) www.cnbc.com   time to read: +2 min
Fisker CEO Henrik Fisker introduces the all-electric off-road Ocean called the Force E during its inaugural "Product Vision Day" in Huntington Beach, California, on August 3, 2023. U.S. electric vehicle (EV) maker Fisker filed for bankruptcy protection late on Monday, looking to sell its assets and restructure its debt, after succumbing to rapid cash burn to deliver its "Ocean" SUVs in the United States and Europe. "Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently," Fisker said in a statement early on Tuesday. The company's operating unit, Fisker Group Inc., filed for Chapter 11 bankruptcy in Delaware, listing estimated assets of $500 million to $1 billion and liabilities of $100 million to $500 million. Fisker made over 10,000 vehicles in 2023, less than a quarter of its forecast, but delivered only about 4,700.
Persons: Henrik Fisker, Fisker Organizations: Fisker, Inc, Reuters, Nissan, U.S Locations: Huntington Beach , California, United States, Europe, Delaware
Starboard's stake is valued at roughly $500 million, according to people familiar with the matter. The results of that probe led to the ouster of Autodesk's then-CFO, Deborah Clifford, who was moved to a different executive role within Autodesk. The probe found that executives manipulated reporting tied to company's contract billing structure, as Autodesk shifted back to upfront payments from annualized payments, to improve those metrics. The delayed disclosure came a little more than a week after the deadline to nominate directors closed. Starboard is weighing legal action in Delaware Chancery court to compel the reopening of Autodesk's nominating window and the delay of Autodesk's annual meeting, the people said.
Persons: Jeff Smith, Autodesk's, Deborah Clifford, Marc Benioff's Salesforce Organizations: Autodesk, Securities and Exchange Commission, Cisco, Wall Street, Sachem, Capital Management, Eminence Capital, Justice Department, SEC Locations: Delaware
CNN —Bitter tensions are escalating between Joe Biden and Donald Trump over race and the future of the Supreme Court as they gear up for the most critical presidential debate clash in years. This is why Trump spent Saturday in Michigan, seeking to take advantage of signs of waning enthusiasm for Biden among Black voters. According to CNN exit polls in 2020, Trump won about 1 in 10 Black voters. But a recent New York Times/Siena College poll found the ex-president winning more than 20% of Black voters in battleground states. But the Biden campaign seemed keen to show the president in an informal setting with Obama and stars including Julia Roberts and George Clooney.
Persons: Joe Biden, Donald Trump, Trump, Biden, Barack Obama, Camp David, Ron Klain, Marco Rubio, Eric Schmitt of Missouri, South Carolina Sen, Tim Scott, Byron Donalds, “ I’m, , , Jasmine Harris, Obama, Jimmy Kimmel, ” Biden, , kilter, Julia Roberts, George Clooney, Hunter Biden, Samuel Alito’s, he’s, Kimmel Organizations: CNN, Biden, Black, Democratic, White, Senate, Trump, Republicans, Capitol Hill, House, GOP, Saturday, Sens, Trump ”, Black Republicans, Florida Rep, Semafor, New York Times, Siena College, Los, Air Force, Sunday Locations: Trump, Europe, Los Angeles, Atlanta, Marco Rubio of Florida, Washington, Michigan, South Carolina, Detroit, Philadelphia, Milwaukee, Pennsylvania, Wisconsin, Central Park, Italy, Delaware, kilter
Starboard Value sued software maker Autodesk on Monday to delay the company's annual meeting and reopen the board nominating window and allow the activist to mount a proxy fight. Activists can typically only begin a proxy fight, involving the nomination of a slate of directors to replace the existing board, if they submit their proposals within a specific window. Starboard confirmed in a letter on Monday that it has a stake in Autodesk valued at more than $500 million. The company waited until April 1 to tell shareholders about the investigation, filings show, which was more than a week after the nominating window had closed. An Autodesk representative referred CNBC to its prior statements on the matter, where it said it would refuse Starboard's requests to reopen the nominating window and delay the annual meeting.
Persons: Deborah Clifford Organizations: Autodesk, SEC, CNBC Locations: Delaware Chancery
Read previewThe infighting at mental health startup Cerebral is in full swing after an investor filed a lawsuit alleging another of the company's backers cost Cerebral hundreds of millions of dollars in value. This story is available exclusively to Business Insider subscribers. Access Industries' representative on Cerebral's board, Nami Park, is also an individual defendant in the lawsuit. But after Access filed its lawsuit against WestCap and Cerebral in April, that self-tender never happened, the June suit claims. With that offer buried, SoftBank still occupies one of six seats on Cerebral's board of directors.
Persons: , WestCap, Len Blavatnik, Nami, WestCap's countersuit, would've, could've, WestCap's, SoftBank Organizations: Service, Access Industries, Business, Industries, WestCap, US Department of Justice, hasn't, Rock Health, Federal Trade Commission, FTC Locations: Delaware
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