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☆ It will take a while for the economy to shift, says Milken Institute's William Lee
▼ + stars: | 2023-11-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt will take a while for the economy to shift, says Milken Institute's William LeeWilliam Lee, chief economist at the Milken Institute, joins 'The Exchange' to discuss whether the economy is headed for a soft landing or a recession, the direction of Fed policy, and more.

Persons: Milken, William Lee William Lee Organizations: Milken Institute

☆ Investors are still unsure about getting into China's market, says Milken Institute's William Lee
▼ + stars: | 2023-11-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors are still unsure about getting into China's market, says Milken Institute's William LeeWilliam Lee, chief economist at the Milken Institute, and CNBC’s Michelle Caruso-Cabrera join 'Power Lunch' to give their takes on the latest with the meeting between the U.S.-China.

Persons: Milken, William Lee William Lee, CNBC’s Michelle Caruso, Cabrera Organizations: Investors, Milken Institute, U.S . Locations: China

☆ Watch CNBC’s full interview with Milken Institute's William Lee
▼ + stars: | 2023-11-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Milken Institute's William LeeWilliam Lee, chief economist at the Milken Institute, and CNBC’s Michelle Caruso-Cabrera join 'Power Lunch' to give their takes on the latest with the meeting between the U.S.-China.

Persons: Milken, William Lee William Lee, CNBC’s Michelle Caruso, Cabrera Organizations: Milken Institute, U.S . Locations: China

☆ Billionaire Asness says he is 'more a bond guy' at this moment
▼ + stars: | 2023-11-16 | by ( Carolina Mandl | ) www.reuters.com time to read: +2 min

Cliff Asness, Co-Founder, Managing Principal and Chief Investment Officer of AQR Capital Management, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsNEW YORK, Nov 16 (Reuters) - Billionaire quant investor Cliff Asness said on Thursday that he currently favors bonds over equities, given the returns that U.S. Treasuries are offering. "I'm more of a bond than a stock guy at this point," the founder principal of AQR Capital Management said when asked about his asset preferences at a virtual event hosted by Brazilian bank Banco Bradesco. "Bonds are starting to look pretty, pretty reasonable. Asness added he believes U.S. stocks are unlikely to repeat the same valuation growth they posted in the last 30 years.

Persons: Cliff Asness, Lucy Nicholson, Bonds, Asness, Carolina Mandl, Jonathan Oatis, Nick Zieminski Organizations: AQR Capital Management, Milken Institute Global Conference, REUTERS, Banco Bradesco, Treasury, Reserve, Carolina, Thomson Locations: Beverly Hills , California, U.S, Banco Bradesco . U.S, New York

SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line during their ongoing strike outside Walt Disney Studios in Burbank, California, U.S., August 22, 2023. Striking writers and actors slashed spending, burned through savings and piled up debt to survive. Sets for movies and TV shows are lighting up again as studios rush to resume filming. Still, Hollywood is unlikely to return to the frenzied production pace of the streaming wars, when studios competed for subscribers and cachet. Hollywood actors won similar gains in a tentative agreement reached with the studios on Nov. 8.

Persons: Mario Anzuoni, caterers, Wall, Celia Finkelstein, ” Finkelstein, “, Serena Kashmir, ”, Fran Drescher, Kevin Klowden, ” Klowden, Long, Marc Meyer Jr, I’ve, Meyer, Guy Bisson, Neil Begley, Ampere, Dawn Chmielewski, Danielle Broadway, Lisa Richwine, Mary Milliken, David Gregorio Our Organizations: Writers Guild of America, Walt Disney Studios, REUTERS, Companies Comcast Corp, Fox, Netflix, Hollywood, Reuters, WGA, SAG, Milken Institute, Sony Pictures, Disney, Global, Ampere, Moody’s, Companies, “, Thomson Locations: Burbank , California, U.S, California, Georgia, New Mexico, Hollywood, ” Kashmir, Kashmir, Colorado, North Hollywood, Los Angeles

☆ Zepbound: The newest obesity medication explained by an expert
▼ + stars: | 2023-11-14 | by ( Katia Hetter | ) edition.cnn.com time to read: +8 min

CNN —The US Food and Drug Administration approved the medication Zepbound last week to treat chronic obesity. Tirzepatide joins a similar medication called semaglutide that was also initially developed for diabetes treatment under the name Ozempic and has since been approved to treat obesity under the name Wegovy. Studies on both have shown high effectiveness in treating diabetes and obesity. The injectable medication Zepbound, manufactured by Eli Lilly, was approved by the FDA on November 8 to treat chronic obesity. Note that technically, the versions of the medicines someone needs for obesity treatment are Zepbound and Wegovy.

Persons: Eli Lilly, Tirzepatide, —, Leana Wen, Wen, Zepbound, Ozempic Organizations: CNN, Food and Drug Administration, George Washington University Milken Institute School of Public Health, FDA, The New England, of Medicine, JAMA, Novo Nordisk, semaglutide, BMI Locations: The, tirzepatide, Wegovy

Peng Zhao, CEO, Citadel Securities speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. If Citadel Securities were to obtain a licence, it would be the first foreign firm to formally foray into market-making in China outside interbank and foreign exchange market making. "We are pleased to see the introduction of the market-making program in China," Zhao told Reuters in an interview in Hong Kong. Citadel Securities in July appointed Tony Tang, the former head of BlackRock's China business, to helm its China operations. This year, Citadel Securities also launched an investment-grade corporate bond market-making business in the United States.

Persons: Peng Zhao, Mike Blake, Zhao, Ken, Tony Tang, Summer Zhen, Selena Li, Sumeet Chatterjee, Edwina Gibbs Organizations: Citadel Securities, Milken, Global Conference, REUTERS, Reuters, Beijing Stock Exchange, Nasdaq, China's Stock, Treasuries, Asia, Thomson Locations: Beverly Hills , California, U.S, HONG KONG, China, interbank, Hong Kong, United States, Beijing, Asia

☆ Exclusive: Exxon aims to begin lithium production by 2026 in Arkansas
▼ + stars: | 2023-11-11 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +4 min

For Exxon and other oil companies, lithium production offers the prospect of selling a new product with relatively little added cost. OTHER ACREAGESeparate from its Tetra partnership, Exxon also controls more than 100,000 acres in Arkansas from which it plans to begin lithium production by 2027, according to the source. It was not clear whether Exxon plans to expand lithium operations outside Arkansas. Like all oil producers, Exxon extracts water containing traces of lithium as part of fossil fuel production. The Arkansas Oil and Gas Commission, which overseas lithium operations in the state, has said it plans to hold hearings on the matter.

Persons: Darren Woods, Mike Blake, Albemarle, Ernest Scheyder, Caroline Humer, David Gregorio Our Organizations: ExxonMobil, Milken, Global Conference, REUTERS, Exxon Mobil, Exxon, Tetra Technologies, EV, Reuters, Tetra, Chevron, Battery Metals, EnergySource Minerals, Energy, Arkansas Oil and Gas Commission, Benchmark Minerals, Thomson Locations: Beverly Hills , California, U.S, Arkansas, Florida, Texas, Albemarle, Louisiana, Los Angeles

New York is the $1.35 trillion fund's only office outside mainland China besides Hong Kong. CIC asked Bai Xiaoqing, who was in charge of some of its private equity investments from Beijing, to move to New York for the North America head role, the sources said, requesting anonymity because the move has not been publicly announced. U.S. authorities have been especially suspicious of investments originating from entities close to China's communist government, like CIC. CIC is also a significant investor in U.S. private equity funds, as so-called alternative assets comprise almost half of its portfolio. One of its most prominent investments has been a $2.5 billion Goldman Sachs Group Inc (GS.N) private equity fund aimed at investing in companies that can benefit from closer U.S.-China ties.

Persons: Bai Xiaoqing, Zhang Hong, Bai, Zhang, Peng Chun, Larry Fink, Milken, Echo Wang, Roxanne Liu, Kane Wu, Greg Roumeliotis, Edwina Gibbs Organizations: China Investment Corp, North America, CIC, Foreign Investment, American Enterprise Institute, Public, Goldman Sachs Group Inc, China -, China - U.S . Industrial Cooperation Fund, Britain, BlackRock Inc, BlackRock, China's Ministry of Finance, Industrial, Commercial Bank of China, U.S . Treasury, Thomson Locations: North, New York, China, Hong Kong, Washington, Beijing, United States, U.S, China - U.S, BlackRock

The 118-day work stoppage will end officially just after midnight, the SAG-AFTRA union said in a statement after its negotiating committee voted unanimously to support the deal. "We have arrived at a contract that will enable SAG-AFTRA members from every category to build sustainable careers," the union said. George Clooney and other A-list stars voiced solidarity with lower-level actors and had urged union leadership to reach a resolution. While WGA members returned to writing scripts in late September, the ongoing SAG-AFTRA work stoppage left many productions dark. It also led movie studios to delay big releases such as "Dune: Part 2" because striking actors could not promote them.

Persons: Jim Kulick, Mario Anzuoni, Fran Drescher, Walt Disney, I'm, Fanny Grande, It's, Jessica Payne, Rati Gupta, Anu, George Clooney, Lisa Richwine, Stephen Coates Organizations: SAG, Paramount Studios, REUTERS, Alliance, Television Producers, Walt, Netflix, Hollywood, CBS, Writers Guild of America, WGA, Milken, United Auto Workers, Detroit carmakers, Thomson Locations: Los Angeles , California, U.S, New York, Los Angeles, Los Angeles and New York, California

☆ U.S.-China competition: Economies like Australia have to tread carefully, says former minister
▼ + stars: | 2023-11-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S.-China competition: Economies like Australia have to tread carefully, says former ministerSteven Ciobo, Milken Institute Asia Fellow and former Australian minister for trade, tourism and investment, says "a whole range of smaller and medium-sized economies like Australia are going to have to tread very carefully."

Persons: Steven Ciobo Organizations: U.S, Milken Institute Asia Fellow Locations: China, Australia

☆ Income security is feeding into strength in the labor market, says Milken's Bill Lee
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIncome security is feeding into strength in the labor market, says Milken's Bill LeeWilliam Lee, Chief Economist at the Milken Institute, discusses his expectations for the October jobs report.

Persons: Bill Lee William Lee Organizations: Milken Institute

☆ Actors, Hollywood studios still at odds on AI and other issues, union says
▼ + stars: | 2023-11-02 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

SAG-AFTRA members walk the picket line on the 100th day of their ongoing strike outside Paramount Studios in Los Angeles, California, U.S., October 20, 2023. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsLOS ANGELES, Nov 1 (Reuters) - Negotiators for Hollywood actors and major studios have not resolved concerns about artificial intelligence (AI) and other issues in talks aimed at ending an 111-day strike, the SAG-AFTRA union said late Wednesday. The union has been seeking limits on how studios can use generative AI technology when making movies and TV shows. Actors fear they may be replaced by digital performers or that their likenesses may be used without their permission. "We continue to await the AMPTP's response to our comprehensive counter proposal package which we gave them on Saturday, addressing outstanding issues," SAG-AFTRA said.

Persons: Mario Anzuoni, Walt Disney, AFTRA, Lisa Richwine, Gerry Doyle Organizations: Paramount Studios, REUTERS, Hollywood, SAG, Alliance, Television Producers, Netflix, Wednesday, Milken Institute, Thomson Locations: Los Angeles , California, U.S, New York, Los Angeles, United States, California

☆ Lung cancer: Causes, symptoms and treatments
▼ + stars: | 2023-11-02 | by ( Katia Hetter | ) edition.cnn.com time to read: +8 min

CNN —The American Cancer Society has just updated their lung cancer screening guidelines in an effort to increase earlier detection. In women, breast cancer is more common than lung cancer, and in men, prostate cancer is more common than lung cancer. The American Cancer Society estimates that in 2023, there will be about 238,000 cases of lung cancer, and about 127,000 people will die from lung cancer. Wen: There are two main types of lung cancers, small-cell lung cancer (SCLC) and non-small cell lung cancer (NSCLC). Those with first-degree relatives with lung cancer may also have a slightly higher risk of lung cancer themselves, though often this is hard to separate from the effect of second-hand smoke.

Persons: Leana Wen, Wen Organizations: CNN, American Cancer Society, George Washington University Milken Institute School of Public Health, US Centers for Disease Control, Getty, American Lung Association Locations: United States

Peter Orszag, CEO of Financial Advisory, Lazard, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023. Dealogic data showed that globally, investment banking revenue tumbled 16% in the third quarter from a year earlier. Those takeovers, alongside a nascent revival in initial public offerings (IPOs), should bolster investment banking revenues next year. Global investment banking revenue stood at $50 billion in the first three quarters of this year, 20% below the same period in 2022, according to Dealogic. Investment banking revenue will probably rise 5% to 10% next year for the largest banks, according to Mike Mayo, an analyst at Wells Fargo.

Persons: Peter Orszag, Lazard, Mike Blake, dealmaking, Orszag, Morgan Stanley's, Ted Pick, Morgan Stanley, Dealogic, Mike Mayo, Jane Fraser, Fraser, Jana Partners, Brian Moynihan, Goldman Sachs, David Solomon, Tatiana Bautzer, Lananh Nguyen, Svea Herbst, Bayliss, Megan Davies, David Gregorio Our Organizations: Financial Advisory, Milken, Global Conference, REUTERS, Wall, Exxon Mobil, Chevron CVX.N, Reuters, CNBC, Global, Investment, Wells, Citigroup, Exxon, Natural Resources, Barclays, News Corp, Frontier Communications, Bank of, Svea, Thomson Locations: Beverly Hills , California, U.S, dealmaking, Ukraine, East, Wells Fargo

☆ Why you shouldn’t postpone your flu vaccine
▼ + stars: | 2023-10-24 | by ( Katia Hetter | ) edition.cnn.com time to read: +6 min

It’s fine to receive the flu vaccine from any of these place — just don’t delay getting it. Wen: The flu can be dangerous, and the flu vaccine has two important positive effects. Wen: If you had flu in years past, then yes, you do still need to receive the flu vaccine this year. I hear from my patients that they don’t need the flu vaccine this year because they’ve already had “the flu” but they never actually tested positive for influenza. First, waning immunity means that the protection from last year’s flu shot won’t carry you through this year’s flu season.

Persons: Leana Wen, Wen, they’ve Organizations: CNN, US Centers for Disease Control, CNN Wellness, George Washington University Milken Institute School of Public Health, wanes

☆ California governor Newsom to visit China next week to discuss climate action
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

Gavin Newsom, governor of the State of California, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsOct 19 (Reuters) - California governor Gavin Newsom will visit China next week to discuss climate cooperation, promote bilateral economic development and tourism and encourage cultural exchanges, his office said in a statement on Thursday. "California and China hold the keys to solving the climate crisis," Newsom said. California has played a major role in maintaining climate ties between China and the United States, the world's two biggest greenhouse gas emitters. China and the United States relaunched top-level bilateral climate talks earlier this year after a hiatus triggered by the visit of former House of Representatives Speaker Nancy Pelosi to Taiwan, the democratically governed island that China claims.

Persons: Gavin Newsom, Mike Blake, Newsom, Donald Trump, Xie Zhenhua, Jerry Brown, Nancy Pelosi, Xie, John Kerry, David Stanway, Christopher Cushing Organizations: of, Milken, Global Conference, REUTERS, China Climate Institute, Beijing's Tsinghua University, United States, U.S, Dubai, Thomson Locations: of California, Beverly Hills , California, U.S, California, China, Hong Kong, Beijing, Shanghai, Jiangsu, Guangdong, . California, United States, Paris, Taiwan, Singapore

☆ Here’s how long you’re contagious for these common viruses
▼ + stars: | 2023-10-18 | by ( Katia Hetter | ) edition.cnn.com time to read: +8 min

If so, what’s the average length of time they could transmit viruses such as the coronavirus, influenza, RSV or the common cold to others? CNN: Is there an easy way to tell if someone is still contagious after having a viral infection? For many viruses, an infected individual is contagious even before they start exhibiting symptoms. CNN: What’s the average length of time someone could transmit the virus to others if they are infected with common viruses like the coronavirus, influenza, RSV or the common cold? These vaccines, crucially, reduce the risk of severe illness, and they decrease your chance of getting infected with those specific viruses.

Persons: CNN —, Leana Wen, Wen, immunocompromise Organizations: CNN, Northern, CNN Wellness, George Washington University Milken Institute School of Public Health, US Centers for Disease Control, CDC, :

☆ Citigroup stock jumps on better-than-expected revenue for the third quarter
▼ + stars: | 2023-10-13 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023. Citigroup reported its third-quarter results on Friday morning, with solid growth in both the institutional clients and personal banking fueling higher-than-expected revenue. Revenue: $20.14 billion, vs. expected $19.31 billionCitigroup's institutional clients unit reported $10.6 billion in revenue, up 12% year over year and 2% from the second quarter. "Despite the headwinds, our five core, interconnected businesses each posted revenue growth resulting in overall growth of 9%," CEO Jane Fraser said in a press release. Citigroup reported $1.84 billion in loan loss provisions at the end of the quarter, up slightly from $1.82 billion at the end of the second quarter.

Persons: Jane Fraser, Fraser Organizations: Citi, Milken, Global Conference, Citigroup, LSEG Locations: Beverly Hills , California, Fraser, China

☆ AMC CEO identified as victim of an online blackmail attempt last year
▼ + stars: | 2023-10-12 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

Adam Aron, chairman and CEO of AMC Entertainment, listens during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 18, 2021. AMC CEO Adam Aron confirmed Thursday he was the victim of a blackmail attempt by a New York woman last year. The case had been previously publicized, identifying the victim in legal documents only as a CEO of a publicly traded company. The New York woman behind the blackmail attempt, Sakoya Blackwood, pretended to be a former romantic partner of Aron using an anonymous online account beginning in March 2022. "This indeed was entirely a personal matter, and the matter is closed," Aron said.

Persons: Adam Aron, Aron, Sakoya Blackwood, Blackwood, AMC's Organizations: AMC Entertainment, Milken Institute Global Conference, AMC Locations: Beverly Hills , California, New York, York, Manhattan

☆ Flexport is laying off 20% of its workforce
▼ + stars: | 2023-10-12 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Supply chain software startup Flexport plans to cut approximately 20% of its global workforce as part of a new round of layoffs that's expected to begin on Friday, CNBC has learned. Flexport CEO Ryan Petersen sent a note to staffers Thursday afternoon informing them of the job cuts, according to a copy of the memo viewed by CNBC. The company will inform employees of whether they're impacted or not via email beginning Friday morning, Petersen wrote. A Flexport spokesperson pointed CNBC to a company blog post from Petersen confirming the layoffs. Petersen claimed repeatedly that Clark, a 23-year veteran of Amazon , overspent and overhired during his tenure at Flexport.

Persons: Ryan Petersen, Petersen, Dave Clark, Clark, Flexport Organizations: Milken Institute Global Conference, CNBC, Amazon Locations: Beverly Hills , California, U.S, Flexport, Canada, Asia

☆ Qualcomm to cut roughly 1,258 jobs in California
▼ + stars: | 2023-10-12 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

Cristiano Amon, president and CEO of Qualcomm, speaks during the Milken Institute Global Conference in Beverly Hills, California, May 2, 2022. Qualcomm is cutting about 1,258 jobs in offices in two of its California locations, according to recent filings with the California Employment Development Department. The semiconductor manufacturer notified the state Wednesday that it would be eliminating roughly 1,064 of its San Diego employees and 194 of its Santa Clara employees. "Given the continued uncertainty in the macroeconomic and demand environment, we expect to take additional restructuring actions to enable continued investments in key growth and diversification opportunities. We currently anticipate these additional actions to be substantially completed in the first half of fiscal 2024."

Persons: Cristiano Amon Organizations: Qualcomm, Milken Institute Global Conference, California Employment Development Department, San Diego, Santa Clara, CNBC Locations: Beverly Hills , California, California

☆ Hollywood writers union ratifies three-year labor contract after strike
▼ + stars: | 2023-10-09 | by ( Lisa Richwine | ) www.reuters.com time to read: +3 min

SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. Members of the SAG-AFTRA actors union walked off the job in July and were meeting studio negotiators again on Monday to try to reach an agreement. The Alliance of Motion Picture and Television Producers (AMPTP), which represents Walt Disney (DIS.N), Netflix (NFLX.O) and other media companies, said the contract "represents meaningful gains and protections for writers." "It is important progress for our industry that writers are back to work," the group said in a statement. Negotiators for the SAG-AFTRA actors union continued contract talks with studios on Monday.

Persons: Mike Blake, Meredith Stiehm, Walt Disney, Jimmy Kimmel, Bill Maher, ”, Lisa Takeuchi Cullen, Lisa Richwine, Chris Reese, Marguerita Choy Organizations: Writers Guild of America, Disney Studios, REUTERS, WGA, SAG, UPS, Alliance, Television Producers, Walt, Netflix, Milken, Thomson Locations: Burbank , California, U.S, Hollywood, United States, Detroit, California

☆ RSV vaccine: There’s one for older adults, pregnant people and infants
▼ + stars: | 2023-10-05 | by ( Katia Hetter | ) edition.cnn.com time to read: +7 min

CNN —For the first time, adults 60 and older are eligible to receive a vaccine against the respiratory syncytial virus, or RSV. Since this is the first time an RSV vaccine has been made widely available, some older people may be wondering why it might be needed. Is RSV a major problem in adults, especially older adults? Tragically, around 10,000 to 13,000 older adults annually die from this infection. I also do not recommend that people who have decided to get the RSV vaccine to wait.

Persons: Abrysvo, Leana Wen, —, Wen Organizations: CNN, Food and Drug Administration, GlaxoSmithKline, Pfizer, US Centers for Disease Control, CNN Wellness, George Washington University Milken Institute School of Public Health, CDC, FDA Locations: United States, It’s

☆ South China Sea: China has to learn to live with the rest of the region's rise, analyst says
▼ + stars: | 2023-10-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth China Sea: China has to learn to live with the rest of the region's rise, analyst saysCurtis Chin, Asia fellow at the Milken Institute, discusses China's relationship with Southeast Asia.

Persons: Curtis Chin Organizations: Milken Institute Locations: China, Asia, Southeast Asia

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