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Glenview Capital, a major CVS Health shareholder, is expected to meet with company leadership on Monday to lay out proposed fixes for the struggling business, according to people familiar with the matter, a potential precursor to an activist push. A CVS spokesperson said the company "maintains a regular dialogue with the investment community as part of our robust shareholder and analyst engagement program." Jeff Smith's Starboard Value also built a stake in the company in 2019, and engaged in discussion with the company's leadership as well. The company's insurance unit includes plans by Aetna for the Affordable Care Act, Medicare Advantage and Medicaid, along with dental and vision. In its second-quarter results in August, CVS announced a leadership shakeup based on the performance and outlook of its insurance unit.

Persons: Karen Lynch, Scott Ferguson, Jeff Smith's, Lynch, Brian Kane Organizations: Glenview, CVS Health, CVS, Teva Pharmaceuticals, Street Journal, Sachem, Capital Management, Aetna, American Medical Association, Affordable, Medicare Locations: Florida Keys, United States, Centene, Glenview

☆ CVS is working with advisors on strategic review, sources say
▼ + stars: | 2024-09-30 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

CVS Health 's board has engaged advisors to conduct a strategic review of its business, according to people familiar with the matter, as the company contends with potential activist pressure and a severely depressed stock price. The review has been ongoing for some time, said the people, but there is no certainty on what actions, if any, the company will take. CVS management, including CEO Karen Lynch, met with major shareholder Glenview Capital Monday to discuss the company's lagging prospects and Glenview's plans to revive the stock, CNBC previously reported. In a statement, CVS spokesman David Whitrap told CNBC: "CVS Health's management team and Board of Directors are continually exploring ways to create shareholder value. CVS shares rose around 2.5% in after-hours trading Monday on the news, which was first reported by Reuters.

Persons: Karen Lynch, Lynch, David Whitrap, Brian Kane, —, Bertha Coombs Organizations: Washington DC, CVS, Glenview Capital, CNBC, Reuters Locations: Washington, United States

☆ Tom Brady responds to Buccaneers’ QB Baker Mayfield saying the team was stressed: 'This wasn’t daycare'
▼ + stars: | 2024-09-29 | by ( Rohan Nadkarni | ) www.nbcnews.com time to read: +1 min

Retirement hasn’t made Tom Brady any less competitive. The seven-time Super Bowl champion responded sternly to Tampa Bay Buccaneers quarterback Baker Mayfield during the broadcast of Sunday’s game between the Buccaneers and Philadelphia Eagles. On the Casa de Klub podcast earlier this month, Mayfield described the environment in Tampa Bay under Brady — who played three seasons with the team before retiring after the 2022 season — as stressful. He had everybody dialed in, high-strung environment, so I think everybody was pretty stressed out,” Mayfield said. “I thought stressful was not having Super Bowl rings,” Brady said.

Persons: hasn’t, Tom Brady, Baker Mayfield, Mayfield, Brady —, Tom, ” Mayfield, “, ” Brady didn’t, ” Brady, Kevin Burkhardt, Brady, He’s Organizations: Tampa Bay Buccaneers, Buccaneers, Philadelphia Eagles, Casa de Klub, Eagles, Bucs Locations: Tampa Bay

Justin Herbert, Los Angeles ChargersStatus: Expected to start vs. ChiefsJustin Herbert is expected to play through a high ankle sprain against the Kansas City Chiefs. Kenneth Walker III, Seattle SeahawksStatus: Will play vs. LionsWalker is no longer on the injury report after he missed Week 2 and Week 3. Keenan Allen, Chicago BearsStatus: Expected to play vs. RamsAllen was inactive in both Week 2 and Week 3 with a heel injury. RaidersNjoku missed Week 2 and Week 3 with an ankle injury, and he did not practice on Wednesday. Sam LaPorta, Detroit LionsStatus: Will play vs. SeahawksDan Campbell said LaPorta — who suffered a low-ankle sprain in last weel’s 20-13 win over the Cardinals — will play.

Persons: We’re, Justin Herbert, Sunday's, Jordan Love, Christian McCaffrey, Achilles, Chiefs Justin Herbert, Herbert, Tua, Russell Wilson, Colts Wilson, Mike Tomlin, Wilson, Justin Fields, Brooke Pryor, McCaffrey, Jordan Mason, Isiah Pacheco, Clyde Edwards, Helaire, Kareem Hunt, Carson Steele, Joe Mixon, Jaguars Mixon, Kenneth Walker III, Lions Walker, Austin Ekeler, Cardinals Ekeler, Najee Harris, Indianapolis Harris, it's, ” Tomlin, Buccaneers Brown, Deebo Samuel, Patriots Samuel, Keenan Allen, Rams Allen, Cooper Kupp, wideout, Puka, —, — Nacua, Cupp, Jordan Addison, Adam Thielen, It’s, George Kittle, Patriots Kittle, David Njoku, Raiders Njoku, Evan Engram, Texans Engram, Sam LaPorta, Seahawks Dan Campbell, LaPorta — Organizations: NFL, Los Angeles Chargers, Steelers, Packers, San Francisco 49ers, Green Bay Packers, Chiefs, Kansas City Chiefs, Miami Dolphins, Buffalo Bills, Miami, Arizona Cardinals, Pittsburgh Steelers, Colts, Isiah Pacheco , Kansas City Chiefs, Houston Texans, Jaguars, Texans, Chicago Bears, Seattle Seahawks, Lions, Cardinals, Cincinnati, Washington, Philadelphia Eagles, Buccaneers, Patriots, Vikings, Rams, Los Angeles Rams, Bears, Chicago, Los, Minnesota Vikings, Packers Addison, Carolina Panthers, Panthers, Saints, Las Vegas, Cleveland Browns, Raiders, Jacksonville Jaguars, Detroit Lions, Seahawks Locations: Tua Tagovailoa, Isiah Pacheco ,, Los Angeles, Washington, Brown, Francisco’s, Angeles, Minnesota, Carolina

☆ Chicago White Sox lose 121st game this season, most in baseball history
▼ + stars: | 2024-09-28 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

The Chicago White Sox fell 4-1 to the Detroit Tigers on Friday for their 121st loss of the season, the most in MLB history. Chicago won 93 games and the American League Central division in 2021 but has been in a steady decline since. The White Sox won 81 games in 2022 and 61 last season. The White Sox began the season 3-22, the worst 25-game start in franchise history. After winning nine games each in May and June, the team won seven games combined in July and August.

Persons: They've, Andrew Vaughn Organizations: Chicago White Sox, Detroit Tigers, MLB, New York Mets, Chicago, American League Central, White Sox

☆ Extra legroom, assigned seats, overnight flights: Inside Southwest Airlines' plan for its future
▼ + stars: | 2024-09-26 | by ( Leslie Josephs | ) www.nbcnews.com time to read: +6 min

DALLAS — Southwest Airlines executives on Thursday outlined for Wall Street their vision to boost profits: extra legroom seats starting in 2026, assigned seating, international partnerships and overnight flights. Southwest’s new plan comes as its leaders seeks to fend off activist Elliott Investment Management, which has called for leadership changes. He had served as CEO of AirTran, the airline Southwest combined with in 2011, and was a consultant to Southwest after the merger. Southwest has supported Jordan despite calls for his replacement by Elliott, which didn’t immediately respond to the airline’s plan it laid out on Thursday. He called Southwest’s plan intentional and detailed.

Persons: ”, Ryan Green, “, Bob Fornaro, Fornaro, Bob Jordan, Jordan, Elliott, didn’t, ” Jordan, “ We’ve, — CNBC’s Rohan Goswami Organizations: DALLAS, Southwest Airlines, Wall, Elliott Investment Management, Federal Aviation Administration, Southwest, Spirit Airlines, AirTran, Boeing Locations: Southwest, Atlanta, Dallas, Hawaii

☆ Caitlin Clark’s rookie season ends with Fever's loss to Sun
▼ + stars: | 2024-09-26 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Caitlin Clark’s historic rookie season ended Wednesday as the Indiana Fever lost 87-81 to the Connecticut Sun, losing their first-round playoff series 0-2. Her 337 assists in the regular season were not only a rookie record, but also the WNBA record for assists in a season. She became the first rookie to record a triple-double, and she set the record for most 3s by a rookie in a single season, as well. On July 17, Clark recorded 19 assists in a loss to the Dallas Wings, a single-game WNBA record. After her final collegiate game in April, Clark’s professional career began the next month in May.

Persons: Caitlin Clark’s, Clark, Alyssa Thomas, DeWanna Bonner, Michael Mulvihill Organizations: Indiana Fever, Connecticut Sun, Sun, Connecticut, Minnesota Lynx, Phoenix Mercury, Dallas Wings, Fever, Indiana, Associated Press, Fox, Iowa Hawkeyes Locations: Connecticut

☆ Southwest Airlines raises summer revenue forecast, authorizes $2.5 billion in share buyback
▼ + stars: | 2024-09-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

DALLAS — Southwest Airlines raised its third-quarter revenue forecast on Thursday, announced its board authorized $2.5 billion in share buybacks and detailed a host of changes to its business model as it seeks to fend off activist Elliott Investment Management. Southwest executives are presenting their vision for the company's future at the airline's Dallas headquarters on Thursday in an investor day presentation. Southwest executives will try to convince investors that it is on the right track to boost profits and increase revenue. A day earlier, Southwest told staff it will slash its service in Atlanta next year and could cut more than 300 flight attendants and pilots from the city in an effort to reduce costs. Elliott later told Southwest mechanics' union that it still wanted a leadership change at the top of the carrier.

Persons: Bob Fornaro, Fornaro, Bob Jordan, Elliott, Gary Kelly, didn't, — CNBC's Rohan Goswami Organizations: DALLAS, Airlines, Elliott Investment Management, Spirit Airlines, Southwest, AirTran, Dallas Locations: Atlanta

☆ Nelson Peltz's Trian takes board seat at pest control maker Rentokil
▼ + stars: | 2024-09-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Pest control maker Rentokil Initial said Wednesday that Trian partner Brian Baldwin would join the Terminix owner's board effective next week. The company said Baldwin, who has worked at Nelson Peltz's firm since 2007, will also join the nominating and compensation committees. The accession comes three months after Trian first disclosed a roughly $400 million position in Rentokil, and two weeks after the company issued a profit warning. Peltz's Trian has a long history of turning around struggling businesses, largely in the consumer sector. His company mounted a proxy fight at Disney earlier this year, failing to secure a board seat but still making around $1 billion off the investment.

Persons: Rentokil, Brian Baldwin, Baldwin, Nelson Peltz's, Trian, Janus Henderson, Peltz's Trian, Peltz, Proctor, Gamble, Mondelez Organizations: Heinz, Disney Locations: Rentokil, Terminix

☆ Bills’ Damar Hamlin gets first career interception
▼ + stars: | 2024-09-24 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Buffalo Bills safety Damar Hamlin's miraculous comeback reached another milestone Monday as he grabbed his first career interception. Hamlin is in his fourth season with Buffalo, but it’s his first season as a starting safety. He earned the spot in training camp after the Bills parted ways with their previous starting safeties in the offseason. Hamlin’s first career interception came 20 months after his near-fatal injury against the Cincinnati Bengals, which was also a "Monday Night Football" game. It’s another thing to come back off of what he came back off of, right?” Bills coach Sean McDermott said before the team’s season opener.

Persons: Hamlin, Trevor Lawrence, Lawrence, Brian Thomas Jr, Hamlin’s, commotio, Sean McDermott, “, ” Hamlin Organizations: Buffalo Bills, Jacksonville Jaguars, Bills, Buffalo, Cincinnati Bengals, NFL, Kansas City Chiefs

Elliott Management said Tuesday it will call a special meeting at Southwest Airlines "as soon as next week," shortly after the company put forward a sweeping board shakeup that it hoped might stave off a proxy fight. The push comes days before the airline's investor meeting, where it is expected to unveil improvements and operating changes. Southwest's shareholder meeting is typically scheduled for May, but by calling for a special meeting Elliott is looking to elect new directors much sooner than that. Earlier this month, executive chairman and former CEO Gary Kelly said he would step down after the carrier's shareholder meeting next year. "The need for change is urgent, and our request for a special meeting may come as soon as next week," Pike and Xu said.

Persons: Elliott, Bob Jordan, Gary Kelly, John Pike, Bobby Xu, Pike, Xu, Andrew Watterson, Robert Jordan Organizations: Elliott Management, Southwest Airlines, Airlines, Aircraft Mechanics Fraternal Association

☆ Blackstone and Vista Equity Partners to acquire software maker Smartsheet for $8.4 billion
▼ + stars: | 2024-09-24 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Collaboration software maker Smartsheet announced Tuesday Blackstone and Vista Equity Partners will acquire it in an all-cash deal valuing the company at about $8.4 billion. Stockholders will receive $56.50 per share, a 41% premium to Smartsheet's average closing price over the last three months. The company went public in 2018 and sought to go head-to-head with other software companies like Atlassian. Qatalyst advised Smartsheet. Goldman Sachs and Morgan Stanley advised the private equity bidders.

Persons: Smartsheet, Blackstone, Mark Mader, Qatalyst, Goldman Sachs, Morgan Stanley Organizations: Blackstone, Vista Equity Partners

☆ Andy Dalton's throwback performance, Rams' late comeback highlight biggest wins in Week 3
▼ + stars: | 2024-09-23 | by ( Rohan Nadkarni | ) www.nbcnews.com time to read: +4 min

Week 3 of the NFL season was filled with impressive wins — some big-time comebacks, teams getting their first victory of the season and more. Here are the teams who came away with the biggest wins of the week. It was a baffling home performance for the Raiders one week after they upset the Ravens. Dalton’s performance not only saves the season for Carolina; it raises even more questions about how poor Young’s performance was in the first two weeks. Niners signal-caller Brock Purdy had an impressive stat line — 22 of 30 for 292 yards and three scores — but couldn’t put away the game late.

Persons: Sean McVay, Kyle Shanahan, Bryce Young, Andy Dalton, Dalton, Diontae Johnson, Chuba Hubbard, Cooper, Matthew Stafford, Jake Moody, Stafford, Kyren Williams, Brock Purdy, couldn’t, Sam Darnold, J.J, McCarthy's, Darnold, Aaron Jones, C.J, Dallas Organizations: NFL, Cowboys, Panthers, Carolina Panthers, Las Vegas Raiders, Raiders, Ravens, Las Vegas, Rams, 49ers, Los Angeles Rams, San Francisco 49ers, Vikings, Minnesota Vikings, Texans, The Texans, Baltimore Ravens, Dallas Cowboys, Baltimore Locations: Minnesota, Carolina, Stroud, Houston

☆ NFL offenses aren’t scoring as much. Nobody knows the exact reason why.
▼ + stars: | 2024-09-20 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

Overall, NFL teams are currently averaging 21.4 points per game, the fifth straight year the scoring average has decreased, and the lowest points per game total since 2006. Last season, Miami Dolphins quarterback Tua Tagovailoa led the NFL with 4,624 yards, the lowest total for a passing yards leader since 2017. There are several theories as to why the passing game has been muted and scoring numbers have decreased. But it’s not only that teams are playing more Cover 2, the problem may also be that modern NFL teams are worse at attacking what is not a novel concept. Obviously, there is far from any consensus on why exactly NFL offenses have slowed down.

Persons: Aaron Rodgers, Rodgers, Tua Tagovailoa, Nate Tice —, —, ESPN’s Bill Barnwell, ESPN’s Mina Kimes, it’s, Jared Dubin Organizations: New York Jets, Jets, New England Patriots, Green Bay Packers, NFL, Miami Dolphins, Yahoo, CBS, Patriots

Qualcomm recently approached struggling chipmaker Intel about a takeover, CNBC has confirmed. Intel shares initially popped on the news before closing up about 3%, while Qualcomm shares fell about 3% at the close. Intel shares are down 53% this year as investors express doubts about the company's costly plans to manufacture and design chips. Intel has also missed out on the artificial intelligence boom that's captured the attention of Wall Street. Intel was unsuccessful with its attempted acquisition of Tower Semiconductor, as was Qualcomm in its bid to acquire NXP Semiconductor.

Persons: Patrick Gelsinger, Trump Organizations: Qualcomm, Intel, CNBC, Taiwan Semiconductor Manufacturing Company, Samsung, Nvidia, Tower Semiconductor, NXP Semiconductor, Broadcom, Federal Trade Commission Locations: China, Singapore, Europe, Asia

☆ Dodgers’ Shohei Ohtani becomes first player to reach 50/50 club in MLB history
▼ + stars: | 2024-09-19 | by ( Rohan Nadkarni | ) www.nbcnews.com time to read: +1 min

Los Angeles Dodgers designated hitter Shohei Ohtani hit his 50th home run and stole his 50th base of the season Thursday, becoming the first MLB player to reach both benchmarks in the same season. Ohtani entered Thursday’s game against the Miami Marlins with 48 home runs and 49 stolen bases. He stole two bases to reach 51 and knocked out three homers — one in the sixth inning, another in the seventh and a final in the ninth — to reach 51. Ohtani finished the game 6-for-6 with three home runs and 10 RBIs. Entering Thursday, Ohtani ranked sixth in Wins Above Replacement, one of only six players with WARs above 7.0Ohtani signed a 10-year, $700 million contract with Los Angeles before this season.

Persons: Shohei Ohtani, Ohtani, Tommy John, — Organizations: Los Angeles Dodgers, MLB, Miami Marlins, Los, Dodgers, NL West Locations: Los Angeles

☆ Masimo CEO Joe Kiani ousted from board after proxy fight; Politan wins two seats
▼ + stars: | 2024-09-19 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Activist investor Politan Capital won the two board seats it was seeking at medical technology company Masimo , defeating founder and CEO Joe Kiani and another director, Chris Chavez, at the shareholder vote. Politan nominees Darlene Solomon and Bill Jellison will join Politan investment chief Quentin Koffey and former Johnson & Johnson executive Michelle Brennan, who obtained board seats in a prior proxy fight last year. The extended proxy fight was marked by a fierce legal battle. The victory for Politan will likely result in the departure of CEO Kiani as well as operating chief Bilal Muhsin. WATCH: Masimo CEO on the proxy fight

Persons: Joe Kiani, Chris Chavez, Politan, Darlene Solomon, Bill Jellison, Quentin Koffey, Johnson, Michelle Brennan, Politan's, Chavez, Masimo, Koffey, Kiani, Bilal Muhsin, Muhsin Organizations: Politan Capital, Healthcare, Consumer, Apple, Apple Watch

☆ I always knew I wanted to launch a startup in India — so I made 2 key career moves in the US first to minimize the risks
▼ + stars: | 2024-09-18 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThis as-told-to essay is based on a conversation with Rohan Bhide, who moved from New York to Pune, India in 2024 to launch his startup. We knew we wanted to settle down in India, and our wedding next year became a deadline to get the ball rolling. We are working on launching a consumer tech product in the next few months. Even though I'm glad to be back in India, I definitely think the US is my second home now.

Persons: —, Rohan Bhide, Sunny Doultani, I've Organizations: Service, University of Pennsylvania, Business, Meta, Google, Big Tech Locations: New York, Pune, India, Silicon, StubHub

☆ Dolphins placing QB Tua Tagovailoa on injured reserve
▼ + stars: | 2024-09-17 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

The Miami Dolphins will place quarterback Tua Tagovailoa on injured reserve, sidelining him for at least four weeks, the team announced Tuesday. Tagovailoa suffered a concussion during the Dolphins’ 31-10 loss to the Buffalo Bills in Week 2. This is at least the third concussion Tagovailoa has sustained during his time in the NFL. The concussion Tagovailoa suffered in Week 16 was not diagnosed until the day after the game. A member of the Miami Dolphins training staff attends to Tua Tagovailoa after he suffered a concussion on Sept. 12.

Persons: Tua Tagovailoa, Tagovailoa, Damar Hamlin, Jasen, Imagn, Tyler Huntley ., Skylar Thompson Organizations: Miami Dolphins, Dolphins, Buffalo Bills, Bills, NFL, Miami, Imagn Miami, Baltimore Ravens, Seattle Seahawks

☆ Jordan Chiles appeals to Swiss supreme court to reclaim Olympic bronze medal
▼ + stars: | 2024-09-16 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

American gymnast Jordan Chiles has appealed to the Switzerland supreme court to reclaim her bronze medal from the Paris Olympics, Chiles’s attorneys announced Monday. During the women’s floor exercise final in Paris, Chiles was moved up to third place — and awarded bronze — after challenging the judges’ score over one of the elements in her routine. However, she was moved down to fifth days later after the Court of Arbitration for Sport (based in Switzerland) ruled her challenge was submitted four seconds late. The International Olympic Committee then awarded bronze to Romania’s Ana Bărbosu and asked Chiles to return her medal. Chiles has appealed to the Federal Supreme Court of Switzerland to overturn the decision.

Persons: Jordan Chiles, Chiles’s, Chiles, —, Ana Bărbosu, Hamid Gharavi, “ Jordan Chiles ’, ”, Maurice M, Suh, ” Chiles Organizations: Paris, Sport, Olympic, Federal, Romania Locations: Switzerland, Paris, Tokyo

☆ Chiefs running back Isiah Pacheco to miss at least 6 weeks after surgery
▼ + stars: | 2024-09-16 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

Kansas City Chiefs running back Isiah Pacheco will miss at least six weeks following surgery to repair a fractured fibula, according to NFL Network and ESPN. Pacheco suffered the injury during Kansas City’s 26-25 win over the Cincinnati Bengals on Sunday. The next running back on Kansas City’s depth chart is rookie Carson Steele, and he’s backed up by veteran Semaje Perine. Fifth-year running back Clyde Edwards-Helaire, who played in 14 games last season, is out until at least Week 5 after starting the season on the non-football injury list. The Chiefs will also bring in running back Kareem Hunt for a visit Tuesday, reports ESPN.

Persons: Isiah Pacheco, Pacheco, “, Andy Reid, ” Pacheco, Carson Steele, he’s, Semaje Perine, Clyde Edwards, Helaire, Kareem Hunt, Hunt Organizations: Kansas City Chiefs, NFL Network, ESPN, Chiefs, Kansas, Cincinnati Bengals, Kansas City, Cleveland Browns, Bengals, Falcons, Sunday, Football Locations: Kansas, Cleveland

☆ The Chiefs remain the Chiefs, Vikings and Bucs pull upsets and more from Week 2 of the NFL season
▼ + stars: | 2024-09-16 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

Week 2 of the NFL gave us some shocking upsets, an AFC thriller and some spectacular individual performances. That allowed the Chiefs to stay within a field goal — as did Cincinnati’s offensive struggles. After a Mahomes interception, Bengals quarterback Joe Burrow was strip-sacked, and the fumble was recovered for a score on the next possession. Is the Saints’ offense really this good? The Saints scored touchdowns on five straight possessions to open the game, sandwiching long drives around explosive plays.

Persons: Harrison, Ja'Marr Chase, Patrick Mahomes, Joe Burrow, Alvin Kamara, What’s, Derek Carr, J.J . McCarthy, Sam Darnold, Justin Jefferson, Christian McCaffrey, San, Brock Purdy, Baker Mayfield, Jared Goff, Goff, Deshaun Watson, Trevor Lawrence didn’t Organizations: NFL, AFC, Chiefs, Kansas City Chiefs, Cincinnati Bengals, Kansas, Bengals, Kansas City, Saints, Carolina Panthers, New, New Orleans Saints, Dallas Cowboys, Panthers, Cowboys, Cleveland Browns, Vikings, Minnesota Vikings, San Francisco 49ers, Minnesota, 49ers, San Francisco, Buccaneers, Tampa Bay Buccaneers, Lions, Tampa, Jaguars, Browns, Jacksonville Jaguars, Cleveland, Jacksonville Locations: New Orleans, Detroit, Mayfield, Tampa, Tampa Bay

Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. Intel shares jumped 8% in extended trading Monday after the company said it plans to turn its foundry business into an independent unit with its own board and the potential to raise outside capital. Gelsinger said the restructuring would allow the foundry business to "evaluate independent sources of funding," and comes days after Intel's board met to assess the direction and future of the company. The foundry business, which Intel plans to use to manufacture chips for other customers, has been a big drag on its bottom line, with the company spending roughly $25 billion on it in each of the last two years. With a standalone "operating board" and a cleaner corporate structure, the mechanics of a separation become far easier than trying to turn a fully integrated unit into a separate company.

Persons: Pat Gelsinger, Pat Gelsinger's, Gelsinger Organizations: Intel, Nvidia Locations: Taipei, Altera

☆ Biden administration awards Intel up to $3 billion under the Chips Act
▼ + stars: | 2024-09-16 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +2 min

The Biden Administration on Monday awarded Intel up to an additional $3 billion under the CHIPS and Science Act for the "Secure Enclave" program which is designed to expand the supply of microelectronics for the U.S. Department of Defense. Intel is building foundry plants in four states as part of its project to increase domestic semiconductor manufacturing for other suppliers. In March, the Biden administration awarded Intel with up to $8.5 billion under the CHIPS and Science Act. Intel CEO Pat Gelsinger, in a recent meeting with Commerce Secretary Gina Raimondo, voiced frustration over the heavy reliance that U.S. companies have on Taiwan Semiconductor Manufacturing, the world's largest contract chipmaker. The company announced in August it would cut 15% of its workforce as part of a $10 billion cost-reduction plan.

Persons: Biden, Pat Gelsinger, Gina Raimondo, Intel's, Chris George, —, Seema Mody, Rohan Goswami Organizations: Biden, U.S . Department of Defense, Intel, CNBC, Taiwan Semiconductor Manufacturing, Department of Defense, Rapid, Microelectronics, United States Locations: United

☆ Dolphins QB Tua Tagovailoa leaves game against Bills with concussion
▼ + stars: | 2024-09-13 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Miami Dolphins quarterback Tua Tagovailoa left Thursday’s game against the Buffalo Bills with a concussion, the team announced. Last season was the only year in his career in which Tagovailoa appeared in every game for the Dolphins. Against the Cincinnati Bengals on a Thursday night game that season, Tagovailoa suffered his first concussion, exhibiting the fencing response after his head hit the ground on a sack. The concussion Tagovailoa suffered against the Bengals came on the heels of a controversy in which the NFLPA believed he wasn’t properly evaluated for a concussion four days earlier in a game against Buffalo. In July, the Dolphins signed Tagovailoa to a four-year, $212.4 million contract, with $167 million guaranteed.

Persons: Tua Tagovailoa, Tagovailoa, Damar Hamlin, Tagovailia, concussed Organizations: Miami Dolphins, Buffalo Bills, Bills, Dolphins, Cincinnati Bengals, Bengals, Buffalo, NFL, Green Bay Packers

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