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☆ Every World Cup 2022 squad announced: USMNT, Germany, Belgium and more
▼ + stars: | 2022-11-10 | by ( Ben Morse | ) edition.cnn.com time to read: +13 min

CNN —‘Tis the season for wall charts and fans gathering around to pick their starting teams for the 2022 Qatar World Cup. “It’s always difficult when a guy helps you get to the World Cup, he scores three goals in World Cup qualifying and isn’t going to be a part of the program. Again, it’s more about who we did add that we felt good about.”All but one of the 26 will be making their World Cup debut at this year’s tournament and, according to the USMNT, it will be the youngest team to qualify for the World Cup. Octavio Passos/Getty Images Europe/Getty ImagesGhanaManager: Otto AddoThe final squad has not been announced yet. READ: Meet Otto Addo, the coach responsible for guiding some of Europe’s brightest young talents (2021)—–PortugalManager: Fernando SantosThe final squad has not been announced yet.

☆ Analysis: Silicon Valley's greatest minds misread pandemic demand. Now their employees are paying for it.
▼ + stars: | 2022-11-10 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +9 min

CNN Business —In the early months of the pandemic, Facebook only grew bigger and more central to our lives. On Wednesday, however, Zuckerberg reversed course and laid off more than 11,000 employees, marking the most significant cuts in the company’s history. In a memo to staff, Zuckerberg coughed up some of the hardest words in the English language. The Federal Reserve maintained near-zero interest rates at the time, giving tech companies easier access to capital. And private and public market valuations for tech companies only seemed to go higher.

☆ Here’s what’s getting more expensive at the grocery store
▼ + stars: | 2022-11-10 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN Business —Food is still getting more expensive, but at a slower pace than earlier this year. The increases are less than the record highs clocked just a few months ago, but food prices are still outpacing the overall rate of inflation, which hit 7.7% for the year. Volatility in the grain market caused by the war in Ukraine as well as high energy prices, which impact fertilizer and transportation costs, are also raising food prices. What’s getting more expensive, and what’s getting cheaperIn the year through October, eggs got a whopping 43% more expensive. In October, some prices jumped compared to the previous month.

☆ Live Results: Democratic Rep. Tom Malinowski defeated by Republican Thomas Kean Jr. in New Jersey's 7th Congressional District rematch
▼ + stars: | 2022-11-09 | by ( Dave Levinthal | Madison Hall | Katie Balevic | ) www.businessinsider.com time to read: +5 min

Democratic Rep. Tom Malinowski lost his seat to Republican Thomas Kean Jr. in New Jersey's 7th Congressional District. The state's 7th District covers all of Hunterdon County and sections of Warren, Morris, Somerset, Union, and Essex Counties as well. NJ-07NJ-03NJ-05 HouseDemocratic incumbent Rep. Tom Malinowski lost his seat to Republican Thomas Kean Jr. in New Jersey's 7th Congressional District in a rematch of the 2020 election, where Malinowski defeated Kean by just over one percentage point. 2022 General EmbedsNew Jersey's 7th Congressional District candidatesThis race was a rematch of 2020, when Malinowski defeated Kean by about 5,000 votes — or 1.2 percentage points. What experts sayThe Cook Political Report rates New Jersey's 7th Congressional District race as "lean Republican".

☆ CMA Awards 2022: See the full list of winners
▼ + stars: | 2022-11-09 | by ( Dan Heching | ) edition.cnn.com time to read: +3 min

CNN —Country music threw a party on Wednesday night as the CMA Awards were presented. First-time nominee Lainey Wilson topped the list of nominees going into the show and ended the night with major wins, including new artist of the year and female vocalist of the year. The emotional Wilson declared in one acceptance speech: “I know I’m new to a lot of folks, but I won’t let y’all all down. I promise you.”Luke Combs also had a big night, taking the stage both as a performer and winner. Other performers included Kelly Clarkson, who performed with Kelsea Ballerini and Carly Pearce, and Luke Bryan, who pulled double duty as host alongside Peyton Manning.

☆ Altria Looks Like a Smoker Struggling to Quit
▼ + stars: | 2022-11-08 | by ( Carol Ryan | ) www.wsj.com time to read: 1 min

Die-hard smokers tend to look more aged than those who have cut back. The U.S. tobacco industry is about to see the corporate equivalent as cigarette alternatives spark competition between the two companies behind the Marlboro brand, Altria and Philip Morris International . PMI’s $16 billion takeover of Swedish Match looks set to go ahead. PMI needs 90% to delist Swedish Match and has given index funds and individual investors a further two weeks or so to tender their shares. All of the target’s main shareholders have cashed in, including activist hedge fund Elliott Management, which had built a stake of more than 10%.

☆ Democratic upset in U.S. midterms could roil markets, options mavens say
▼ + stars: | 2022-11-08 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

NEW YORK, Nov 8 (Reuters) - An unexpected result in Tuesday’s U.S. midterm election could roil markets positioned for relative calm, options strategists said. Control of the U.S. Congress is at stake in Tuesday's midterms, with Republicans favored by polls and betting markets to win control of the House of Representatives and possibly the Senate. At the individual stock level, certain names have the potential for higher election-related volatility, strategists at Goldman Sachs said in a note earlier this month. Meanwhile, shares of tobacco company Philip Morris International Inc (PM.N) could be volatile around regulatory restrictions, Goldman’s analysts wrote. Reporting by Saqib Iqbal Ahmed in New York Editing by Ira Iosebashvili and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ NBA roundup: Dejounte Murray, Hawks hand Bucks first loss
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +11 min

Murray added eight rebounds and three steals for the Hawks, who lost 123-115 at Milwaukee on Oct. 29. Jerami Grant finished with 23 points and Lillard had 19 points and six assists. Cade Cunningham supplied 21 points, 11 rebounds and seven assists for the Pistons. Jaden Ivey had 15 points, 11 rebounds and six assists, and Isaiah Stewart added 11 points with 12 rebounds. Mike Muscala and Kenrich Williams scored 11 points apiece.

☆ Nvidia's new chip to address U.S. export rules to China should help blunt lost sales risk
▼ + stars: | 2022-11-08 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

We view the news as a step in the right direction toward mitigating lost sales in China. Lost revenue risk At the time when the new rules became known, Nvidia said it expected that as much as $400 million in sales in China were at risk in its fiscal third quarter. Though of course, future quarters could also be impacted as China has historically been a big market for the company. The last time it was a new crypto mining chip aimed at addressing a video gaming chip shortage. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

An experimental drug could eventually offer hope to millions of people struggling with uncontrolled high blood pressure, new research has found. Overall, 20% to 30% of adults experience high blood pressure, Brown said in an email. Uncontrolled hypertension accounts for 5% to 10% of all people with hypertension. Hypertension is diagnosed when a person has a blood pressure of 130/80, while a systolic measurement of 120-129 mm Hg is considered to be “elevated.” A normal range is less than 120/80 mm Hg. Those who received the highest dose of the medication saw their systolic blood pressure — the top number in the measure — drop an extraordinary 20 points during the study.

☆ Philip Morris wins 83% stake in Swedish Match, goes ahead with $16 bln takeover
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Marlboro maker Philip Morris International (PMI) (PM.N) said on Monday it was going ahead with its $16 billion plan to buy Swedish Match (SWMA.ST) despite winning accept from owners with no more than 82.59% of shares in the Swedish peer. By Swedish law a bidder can only initiate a compulsory redemption of remaining shares if voluntary acceptance is above 90%. PMI in May made an offer to buy Swedish Match for 106 crowns per share, valuing the company at $16 billion. In October it raised the bid to 116 crowns per share after some investors said it was too low. "We look forward to welcoming Swedish Match's employees and leading oral nicotine portfolio into the PMI family," the U.S. firm said.

The respective chief executives of $139 billion Philip Morris International (PM.N) and $95 billion Rio Tinto (RIO.L) are attempting takeovers that are central to their strategies. Olczak, who needs 90% of shareholders to accept in order to automatically de-list the company, initially faced opposition to his $16 billion offer. The mining giant asked for the postponement at the request of Quebec’s financial regulator, Turquoise Hill said. Two key investors in Turquoise Hill have agreed to withhold their votes on the bid, with their final deal dependent on Canadian arbitration. Turquoise Hill shares closed at C$41.6 on Nov. 4.

☆ NBA roundup: Cavs down Lakers for 8th straight win
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +3 min

[1/5] Nov 6, 2022; Los Angeles, California, USA; Los Angeles Lakers forward Troy Brown Jr. (7) guards Cleveland Cavaliers guard Donovan Mitchell (45) as he drives to the basket in the first half at Crypto.com Arena. Mandatory Credit: Jayne Kamin-Oncea-USA TODAY SportsNovember 7 - Behind 33 points from Donovan Mitchell and a dominant fourth quarter, the Cleveland Cavaliers scored their eighth consecutive win with a 114-100 defeat of the host Los Angeles Lakers on Sunday. Los Angeles held an 80-77 lead with less than four minutes to go in the third quarter. Mitchell's backcourt mate, Darius Garland, added 24 points, while Jarrett Allen scored 16 with a team-high 11 rebounds for a double-double. Anunoby added 22 points and Scottie Barnes had 19 points and 10 rebounds for the Raptors, who visit Chicago for a rematch on Monday.

☆ Philip Morris wins Elliott backing for $15.7 billion Swedish Match takeover -FT
▼ + stars: | 2022-11-06 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: Moist powder tobacco "snus" cans are seen on shelves at a Swedish Match store in Stockholm, Sweden October 24, 2018. REUTERS/Anna Ringstrom/File Photo(Reuters) - Activist investor Elliott Management Corp has decided to back Philip Morris International’s (PMI) $15.7 billion offer for Swedish Match AB, the Financial Times reported on Sunday, citing sources familiar with the matter. Under Swedish law, PMI needs 90% of shareholders to agree to the deal to gain full control of Swedish Match. PMI, Swedish Match and Elliottt declined to comment. ($1 = 10.8952 Swedish crowns)

☆ Elliott backs Philip Morris's $16 billion Swedish Match takeover -FT
▼ + stars: | 2022-11-06 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

(Reuters) -Activist investor Elliott Management Corp has decided to back Marlboro-maker Philip Morris International’s (PMI) $16 billion offer for Swedish Match AB, the Financial Times reported on Sunday. FILE PHOTO: Moist powder tobacco "snus" cans are seen on shelves at a Swedish Match store in Stockholm, Sweden October 24, 2018. U.S. investor Elliott, PMI and Swedish Match declined to comment. Elliott has been building its stake in Swedish Match for months, reaching more than 10% in October. Swedish Match controls about half the world’s market for snus - a moist, smoke-free snuff - but one of its fastest-growing products is its tobacco-free “ZYN” nicotine pouches.

☆ Philip Morris wins Elliott backing for $15.7 bln Swedish Match takeover -FT
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +1 min

Nov 6 (Reuters) - Activist investor Elliott Management Corp has decided to back Philip Morris International's (PMI) (PM.N) $15.7 billion offer for Swedish Match AB (SWMA.ST), the Financial Times reported on Sunday, citing sources familiar with the matter. PMI's offer had received more than 80% shareholder acceptance at the latest count on Friday and more could be processed on Monday, the FT reported. Under Swedish law, PMI needs 90% of shareholders to agree to the deal to gain full control of Swedish Match. PMI, Swedish Match and Elliottt declined to comment. ($1 = 10.8952 Swedish crowns)Reporting by Maria Ponnezhath in Bengaluru and and Marie Mannes in Gdansk Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Democratic Rep. Tom Malinowski faces dimming prospects against Republican Thomas Kean Jr. in New Jersey's 7th Congressional District rematch
▼ + stars: | 2022-11-06 | by ( Dave Levinthal | Madison Hall | ) www.businessinsider.com time to read: +5 min

Democratic Rep. Tom Malinowski looks to retain his seat in New Jersey's 7th Congressional District against Republican Thomas Kean Jr. The state's 7th District covers all of Hunterdon County and sections of Warren, Morris, Somerset, Union, and Essex Counties as well. New Jersey's 7th Congressional District candidatesThis race is a rematch of 2020, when Malinowski defeated Kean by about 5,000 votes — or 1.2 percentage points. Thomas H. Kean, Sr.Voting history for New Jersey's 7th Congressional DistrictThe state's 7th District covers all of Hunterdon County and sections of Warren, Morris, Somerset, Union, and Essex Counties as well. What experts sayThe Cook Political Report rates New Jersey's 7th Congressional District race as "lean Republican".

☆ Investors will reap billions if Kroger takes over Albertsons. Workers and shoppers may not be as happy.
▼ + stars: | 2022-11-05 | by ( Gretchen Morgenson | Gretchen Morgenson Is The Senior Financial Reporter For The Nbc News Investigative Unit. A Former Stockbroker | She Won The Pulitzer Prize In For Her | ) www.nbcnews.com time to read: +11 min

Wealthy investors in Safeway’s parent, Albertsons Companies, have done better. And next week, they were slated to reap a $4 billion cash dividend in connection with a proposed $25 billion takeover of Albertsons by rival Kroger. Based on that stake and the amount of the dividend, Cerberus stands to receive roughly $1 billion of the dividend payout. Six of Albertsons’ 14 directors who voted for the dividend are affiliated with the major investors. This is the last, best and final hope for a truly unionized chain.”Nervous about the pensionThe proposed $4 billion cash dividend is large by many measures.

☆ I make up to $800 in tips a day as a bikini barista. Customers can be scary, but I love my job and its perks.
▼ + stars: | 2022-11-05 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +8 min

Grace Morris is a 20-year-old bikini barista in Lacey, Washington. That was something that really surprised me about the job: Customers have paid for my groceries, furniture, and even my rent. There's a false perception that being a bikini barista is a "gateway job" into dancing or sex work. Being a bikini barista has given me a kind of confidence that I've never had before. But for now, I'm a bikini barista for the foreseeable future, and I'm perfectly happy about that.

The deadline for shareholders to tender shares in support of the bid was 1600 GMT on Friday. Protean Funds had said previously it wanted to fight for Swedish Match and thought PMI's bid undervalued the company. It is still not known what activist investor Elliott Management, which owns over 10% in Swedish Match, has done. Under Swedish law, PMI needs 90% of shareholders to agree to the deal to get full control of Swedish Match. PMI bid lights up Swedish Match stock($1 = 10.9446 Swedish crowns)Reporting by Marie Mannes; Editing by Jane Merriman, Josephine Mason, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ New Mexico town delays banning abortion
▼ + stars: | 2022-11-04 | by ( Brad Brooks | ) www.reuters.com time to read: +3 min

Clovis does not have an abortion clinic, but could be a place that could serve people from Republican-controlled Texas, to the east. On Monday, the city commission of the nearby town of Hobbs is expected to take up a similar measure. Mitchell participated in the city commission meeting by phone. What it's doing is it's putting women — women and girls' lives at risk." Laura Wight, a Clovis resident helping lead Eastern New Mexico Rising, a progressive group opposed to ordinance, welcomed the delay.

☆ 11 Best Gifts for Dog Lovers
▼ + stars: | 2022-11-03 | by ( ) www.wsj.com time to read: +8 min

For the bakerThe Dash Dog Treat Maker—a small waffle iron with bone-shaped plates—lets your pal whip up homemade dog treats. It makes up to eight bone-shaped dog treats at a time, and it includes sweet and savory recipes. Dockx eased her golden retriever’s separation anxiety while she was at work with a Snuggle Puppy, a plush toy with a battery-powered heartbeat. To brush up on dog speak, DeWillems recommends “Doggie Language: A Dog Lover’s Guide to Understanding Your Best Friend,” which decodes canine body language through illustrations that highlight subtle nuances in their mannerisms. For the devoted dog dadDog Dad Hats Custom Dog Dad Hats $69 at Dog Dad HatsAny proud parent will dig a Dog Dad Hat, with a custom embroidered illustration of their pet’s portrait.

☆ Guggenheim downgrades Roku, citing warning signs after latest quarterly report
▼ + stars: | 2022-11-03 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Guggenheim is worried about Roku after the company posted its latest quarterly results. On Wednesday, the company issued fourth-quarter revenue guidance that was well below expectations, along with a larger-than-expected adjusted EBITDA forecast. Roku did reported a smaller-than-expected loss for the third quarter, but Morris noted those expectations were already slashed as the business has suffered. But he still expects the company to beat when reporting fourth-quarter earnings. Fourth-quarter total net revenue guidance was predicted by Guggenheim to be 1% lower than the same quarter a year ago.

☆ Travis Kalanick's CloudKitchens startup is cutting jobs as a pandemic-era surge in food ordering subsides
▼ + stars: | 2022-11-03 | by ( Nancy Luna | Meghan Morris | ) www.businessinsider.com time to read: +3 min

CloudKitchens, the richly valued startup founded by former Uber chief Travis Kalanick, is cutting jobs as a pandemic-era boom in online food ordering subsides and a recession looms. The ghost kitchen operator has shed corporate recruiting employees, a move made to get closer to profitability, according to a person close to the matter. On November 1, employees on the recruiting team were asked to attend an impromptu Zoom meeting, described as a "global update." Tunna said Kalanick's goal is for CloudKitchens to be profitable next year, and with that, the startup has to make some changes, according to the witness. CloudKitchens raised about $850 million last fall from backers, including Microsoft, in a round that valued the startup at $15 billion.

☆ Factbox: Companies count the cost of ditching Russia
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +6 min

INDITEX (ITX.MC)Zara owner will book a provision of 216 million euros after agreeing to sell its Russia stores to UAE-based Daher Group. TRATON (8TRA.DE)Volkswagen's (VOWG_p.DE) truck division Traton in September said disposing of some assets in Russia would cause a 550 million euro loss. CREDIT AGRICOLE (CAGR.PA)Credit Agricole provisioned more than 500 million euros related to its Russian exposure in Q1. LINDEThe world's largest industrial gases company's exit from Russia recorded impairments of $993 million from its Russia exit. SIEMENS (SIEGn.DE)The Munich-based engineering and tech firm said in May it would take a 600 million euro hit in Q2 for exiting Russia.

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