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John Prescott, the pugnacious deputy prime minister to Britain’s Tony Blair during his 10 years in government, has died aged 86 after a battle with Alzheimer’s, his family said on Thursday. “There was no one quite like him in British politics,” Blair told BBC radio. He went into politics after coming ashore and he attended Oxford’s Ruskin College, which offered courses for mature students. “I’ve never worked with anyone in politics on my side of the pond or his quite like John Prescott,” Gore said. His family said he had died “surrounded by the love of his family and the jazz music of Marian Montgomery”.
Persons: John Prescott, Tony Blair, Alzheimer’s, Prescott, Blair, ” Blair, I’d, John, I’ve, he’s, bruiser ”, Prescott scuffles, David Kendall, Getty Images Prescott, Gordon Brown, Al Gore, Reuters “ John Prescott, ” Brown, Prescott’s, “ I’ve, ” Gore, Pauline, Marian Montgomery ”, “ John Organizations: Labour Party, BBC, Getty Images, Oxford’s Ruskin College, Labour, Kyoto, Reuters, U.S, Guardian Locations: Wales, Prescott, London, Kyoto
“Far too often, patients relying on federal government health care programs are forced to accept bureaucratic, one-size-fits-all coverage,” Crapo said. But Trump’s lack of specificity about health care could empower Oz to fill in the blanks. Oz said on an AARP questionnaire: “We can expand Medicare Advantage plans. If Oz is confirmed and chooses to push more people into Medicare Advantage, as he has pitched, he may not have too hard a time. “In our focus groups, people say they’re satisfied with both traditional Medicare and Medicare Advantage, and they make their choices based on different preferences,” Neuman said.
Persons: WASHINGTON, Donald Trump, Mehmet Oz, Mike Crapo, ” Crapo, “ Dr, Oz, George Halvorson, , Kamala Harris ’, , Larry Levitt, Harris, ” Levitt, Trump, Sen, James Lankford, hasn’t, ” Lankford, Obama, Obamacare, Patty Murray, “ Trump, Ron Wyden, Tricia Neuman, Neuman, ” Neuman, Arthur Caplan, ” Caplan, ” Wyden, they’re, Lankford, ” Sen, Mike Rounds, there’s, We’ll, pare, “ It’s, Caplan, ” Oz, John Fetterman, he’s, “ We’re, ” Fetterman, I’m Organizations: Medicare, Services, Forbes, Kaiser Permanente, Agency, Senate, Health, Education, Labor, Pensions, NYU Langone Medical, Commonwealth Fund, Locations: Idaho, KFF, New York City, Pennsylvania
Americans will see the new Trump administration enact changes at a pace that is “like nothing you’ve seen in history,” a Trump campaign official said. Trump’s transition team is also fielding requests from overseas to host his first foreign trip. Coming off a decisive victory on Nov. 5, Trump has moved swiftly to build out the Cabinet and a senior White House team that will execute his plans. “The thing to realize is Trump is no dummy,” said Stephen Moore, a senior economic adviser in Trump’s campaign. Noem campaigned for Trump, though a person close to Trump was surprised he tapped her for the job.
Persons: Donald Trump, Trump, Joe Biden’s, Biden, Karoline Leavitt, , Volodymyr Zelenskyy, Ron Klain, Donald Trump Jr, Mike Pompeo, “ Don, that’s, ” Trump, , Stephen Moore, he’s, ” Moore, Will Trump, We’re, Newt Gingrich, Gingrich, ” Gingrich, Ronald Reagan’s, Chad Wolf, Harris, Kristi Noem, hasn’t, Noem, ’ ” Trump, Grover Cleveland Organizations: WASHINGTON, ., NBC, Trump, Trump’s, White House, Policy Institute, CIA, Security, NBC News, Migration Policy Institute, DHS, Biden, Department of Homeland Security, Cricket, , Cleveland Locations: Jan, West Palm Beach , Florida, Ukraine, Russia, Washington, America, South Dakota, U.S, China
A New York City urologist was handed a life sentence Wednesday after previously being convicted of the yearslong sexual abuse of patients, some of whom were minors. Darius Paduch, 57, of North Bergen, New Jersey, worked as a urologist at two prominent New York medical institutions. "He used his position as a renowned urologist at prestigious hospitals to sexually assault vulnerable patients, including children, to gratify his own sexual desires." If you are a child being abused, or know a child who may be facing abuse, call the Childhelp National Child Abuse Hotline at (800) 422-4453, or go to www.childhelphotline.org. States often have child abuse hotlines, but if you suspect a child’s life is in imminent danger, call 911.
Persons: York City urologist, Darius Paduch, Paduch, Damian Williams, Williams, Michael Baldassare, ” Baldassare Organizations: New, Attorney’s, Southern, of, WNBC Prosecutors, , U.S, Attorney, Associated Press, NBC News Locations: York City, North Bergen , New Jersey, New York, New York City, Manhattan, U.S, of New York, New Jersey, Long, www.childhelphotline.org
Former billionaire investor Sung Kook “Bill” Hwang was sentenced to 18 years in prison on Wednesday over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10 billion. Hwang was sentenced by U.S. District Judge Alvin Hellerstein in Manhattan, where a jury convicted Hwang in July on 10 criminal charges including wire fraud, securities fraud and market manipulation. Before sentencing Hwang, Hellerstein asked the defendant’s lawyer, Dani James, how she thought Hwang compared to Sam Bankman-Fried, who was sentenced in March to 25 years in prison for stealing $8 billion from users of the now-bankrupt FTX exchange. While Archegos eventually managed $36 billion, Hwang’s borrowing helped him amass $160 billion of exposure to stocks. Hwang’s co-defendant, former Archegos Chief Financial Officer Patrick Halligan, was convicted at the same trial on three criminal charges.
Persons: Sung Kook, Bill ” Hwang, Hwang, Alvin Hellerstein, ” Hellerstein, Archegos ’, Hwang —, Andrew Thomas, Hellerstein, Dani James, Sam Bankman, Mr, Fried, ” James, , ” Hwang, James, it’s, Julian Robertson, Archegos, Grace, , Hwang’s, Patrick Halligan Organizations: Archegos Capital Management, U.S, AS FAMILY, Tiger Asia Management, Paramount, Credit Suisse, Nomura Holdings, UBS, Mercy Foundation Locations: Manhattan, U.S, New York
Robert Pattinson is re-teaming with his “Tenet” director Christopher Nolan for the filmmaker’s closely guarded project at Universal Pictures, Variety has confirmed. Pattinson joins an impressive ensemble that already includes Matt Damon, Tom Holland, Lupita Nyong’o, Anne Hathaway and Zendaya. Universal and Nolan’s follow-up to their Oscar-winning drama “Oppenheimer” is projecting a production start date sometime in the first half of 2025. Warner Bros. is looking to film a sequel to his 2022 blockbuster “The Batman,” in which the actor would reprise his leading turn as the DC Comics superhero. Universal has set a July 17, 2026 release date for the project, which will release in theaters and Imax.
Persons: Robert Pattinson, Tenet, Christopher Nolan, Pattinson, Matt Damon, Tom Holland, Lupita Nyong’o, Anne Hathaway, Zendaya, “ Oppenheimer, , Lance Oppenheim, Pattinson’s, Bong Joon, Mickey, , John David Washington, “ Tenet, Nolan, J, Robert Oppenheimer’s Organizations: Universal Pictures, Variety, Universal, Warner Bros, DC Comics, Dunkirk,
SYDNEY, Australia — Australia’s center-left government on Thursday introduced a bill in Parliament that aims to ban social media for children under 16 and proposed fines of up to $32 million for social media platforms for systemic breaches. Australia plans to trial an age-verification system that may include biometrics or government identification to enforce a social media age cut-off, some of the toughest controls imposed by any country to date. France last year proposed a ban on social media for those under 15, but users were able to avoid the ban with parental consent. The law would force social media platforms, and not parents or young people, to take reasonable steps to ensure the age-verification protections are in place. “Social media has a social responsibility ... that’s why we are making big changes to hold platforms to account for user safety,” she said.
Persons: Anthony Albanese, ByteDance’s TikTok, Elon Musk’s, Snapchat, Albanese, Michelle Rowland, Rowland, Organizations: , Liberal Party, Facebook, Google, YouTube, Labor, United Locations: SYDNEY, Australia, France, United States
The Department of Justice is calling for Google to divest its Chrome browser, following a ruling in August that the company holds a monopoly in the search market. Chrome, which Google launched in 2008, provides the search giant with data it then uses for targeting ads. Additionally, the DOJ said that Google be prevented from entering into exclusionary agreements with third parties like Apple and Samsung. In August, a federal judge ruled that Google holds a monopoly in the search market. Last month, the DOJ indicated it was considering a breakup of Google businesses, including potentially breaking up its Chrome, Play or Android divisions.
Persons: Sherman Organizations: Justice, Google, Chrome, DOJ, Apple, Samsung, Microsoft, Android
Russia’s possible use of an intercontinental ballistic missile (ICBM) is a message to the West that it is has greater capabilities than previously displayed after a week of significant military operations and policy changes in both Ukraine and Russia. The West has for some time been concerned at a reciprocal Russian escalation in the war. This week, both US and British-French-made missiles have been fired into Russia by Ukraine, after US President Joe Biden gave Kyiv permission to use longer-range American missiles. In turn, President Vladimir Putin updated Russia’s nuclear doctrine — in a nuanced way, but still refined their policy to lower the threshold for use. Such an event would have elicited a very different reaction in Kyiv and the West.
Persons: Joe Biden, Vladimir Putin Locations: Ukraine, Russia, Kyiv, Ukrainian, Dnipro
WASHINGTON — China’s defense minister declined a meeting with Defense Secretary Lloyd Austin during a meeting of defense leaders in Laos, a move the Pentagon chief said Wednesday was unfortunate. Multilateral gatherings of national security officials in Asia have been used in the past for meetings between U.S. and Chinese defense leaders, but China declined a meeting request by Austin during this week’s Southeast Asian Nations-Plus defense ministers meeting. It affects the region because the region really wants to see us, you know, two significant players in the region, two significant powers, talk to each other,” Austin told reporters. “I don’t think that it has any sort of implications for the future. Chinese President Xi Jinping vowed on Saturday to work with the incoming U.S. administration of Donald Trump as he held his final talks with departing President Joe Biden on conflicts from cybercrime to trade, Taiwan, the South China Sea and Russia.
Persons: WASHINGTON, Lloyd Austin, Wednesday, , ” Austin, ” Austin added.Austin, Dong Jun, Xi Jinping, Donald Trump, Joe Biden Organizations: Pentagon, Austin, Nations Locations: Laos, Asia, China, Singapore, Taiwan, cybercrime, South, Sea, Russia
WASHINGTON — The Senate voted overwhelmingly Wednesday night to reject three efforts led by progressive Sen. Bernie Sanders that would have blocked certain offensive weapons sales to Israel. In a speech on the Senate floor ahead of the vote, Sanders argued that the resolutions "would not affect any of the systems Israel uses to defend itself from incoming attacks," focusing instead on offensive weapons. "As I have said many, many times: Israel had the absolute right to respond to that horrific Hamas attack, as any other country would. I don’t think anybody here in the United States Senate disagrees with that," he said in his floor speech. More than 43,000 Palestinians have been killed in Israel’s offensive into the dense enclave since the attack, according to health officials in Gaza.
Persons: WASHINGTON, Sen, Bernie Sanders, Sanders, Benjamin Netanyahu, Ed Markey, Netanyahu, Martin Heinrich, Tammy Baldwin, , Catherine Cortez Masto, ” Sen, Jacky Rosen, , Joni Ernst, Bill Cassidy, Israel’s Organizations: U.S, United States, Hamas, Democrats, Biden Locations: Israel, Gaza, U.S, United States, D, Iowa
The University of Mobile is mourning the sudden death of freshman basketball player Kaiden Francis this week. Francis, of Fort Lauderdale, Florida, collapsed on campus Tuesday morning and died, university President Charles Smith said in a letter to students and faculty. "Yesterday morning Kaiden Francis, freshman point guard from Fort Lauderdale unexpectedly passed away after doing what he loved to do, working on his craft in the gym," Archey wrote. Classes at the university of almost 2,000 students were canceled Wednesday, and a vigil was held on campus Wednesday morning. "He was profoundly gifted and clearly loved by his teammates," Smith wrote.
Persons: Kaiden Francis, Francis, Charles Smith, Kaiden, Smith, Darnell Archey, Archey Organizations: University of Mobile, Facebook Locations: Fort Lauderdale , Florida, Fort Lauderdale
But artist Maurizio Cattelan’s viral creation, titled “Comedian,” has proven a sound investment for one collector: One of the artwork’s three “editions” smashed estimates to sell for $6.24 million at a Sotheby’s auction in New York on Wednesday. The auction house had estimated the work to go for between $1 million to $1.5 million; bidding began at $800,000. Prior to the sale, Sotheby’s confirmed to CNN that neither the tape nor, thankfully, the banana are the originals. The Miami installation was eventually removed amid public safety concerns, but all three editions were sold at the fair. In interviews given since the Miami installation, Cattelan has described “Comedian” as a work of commentary.
Persons: Maurizio Cattelan’s, , , Oliver Barker, Sotheby’s, Justin Sun, ” Sun, , , Marcel Duchamp’s, David Datuna, David Galperin, ” Galperin Organizations: CNN, Art Basel Miami Beach, Guggenheim, Art Newspaper, Leeum Museum of Art, Seoul National University Locations: New York, Miami, Americas, Seoul, South Korea, London, Paris, Milan, Hong Kong, Dubai, Taipei, Tokyo, Los Angeles
Trump’s pick for defense secretary, Pete Hegseth, was accused of sexual assault. Trump himself has faced various sexual misconduct allegations, which he has denied, though he was found liable last year for sexual abuse in a civil trial over an alleged incident in the 1990s that he also denies. Now, after having won the presidency again, he’s spending early political capital to confirm appointees who have faced sexual misconduct allegations of their own. The allegations against Trump’s picksGaetz’s years of controversies have been thrust back into the spotlight now that he’s up for a Cabinet post. “It’s a very scary time for young men in America when you can be guilty of something that you may not be guilty of,” Trump told reporters.
Persons: Donald Trump’s, Matt Gaetz, Pete Hegseth, Robert F, Kennedy Jr, Gaetz, Hegseth, Kennedy, , Trump, , Marc Short, Mike Pence’s, we’ve, Trump’s, hasn’t, Tim Parlatore, Bill Clinton’s, George H.W, Barack Obama’s, haven’t, Andy Puzder, Puzder, Patrick Shanahan, Shanahan, Ronny Jackson, Jackson, Brett Kavanaugh, Kavanaugh, ” Trump, reconsidering, JD Vance, Karoline Leavitt, Vance, MAGA, ” Leavitt Organizations: NBC News, NBC, , Justice Department, Trump, Committee, Washington Post, Republican, You’re, Politico, Pentagon, White House, Department of Veterans Affairs, Supreme, Capitol, White Locations: groping, Florida, America, Hegseth, Washington
A banana duct-taped to a white wall — or an acclaimed piece of art, depending how you look at it — sold at a Sotheby's auction for $6.24 million on Wednesday. The artwork debuted at Art Basel Miami Beach in December 2019 and was initially estimated to sell around $1.5 million, according to Sotheby's. At one point, someone even took the banana off the wall and ate it. According to Sotheby's, Cattelan "single-handedly prompted the world to reconsider how we define art, and the value we seek in it." As Galperin put it, "There is no better forum to adjudicate the value of art and a single object than the platform of auction."
Persons: , Maurizio Cattelan's, Nancy Durrant, Maurizio Cattelan, David Galperin, Sotheby's, rhapsodically, Durrant, Lucius Elliot, Durrant —, Elliot, Maurizio, Emmanuel Perrotin, Perrotin, Galperin Organizations: Art Basel Miami Beach, Art Basel, Americas, New, New York Post, Vogue Locations: New York
The officials said Wednesday that they have not made any determination as to who exactly is responsible, and the investigation is ongoing. The report did not identify Mahomes, but the address listed matches public records for Super Bowl-winning the quarterback. Travis Kelce and Patrick Mahomes of the Kansas City Chiefs on Dec. 17, 2023, in Foxborough, Mass. Twenty-thousand dollars was taken, according to a police report obtained by NBC affiliate KSHB of Kansas City. “We are aware of some of the other athletes in different states that have had their homes burglarized," the statement said.
Persons: Patrick Mahomes, Travis Kelce, Mahomes, Sarah Stier, Bobby Portis, Mike Conley Jr, Conley, Organizations: FBI, Kanas City Chiefs, Sheriff’s Office, Super Bowl, Kansas City Chiefs, NBC, Milwaukee Bucks, The Minneapolis Star Tribune, Minnesota Timberwolves, Minnesota Vikings, NBC News Locations: South America, Belton , Missouri, Cass, Foxborough, Leawood , Kansas, Kansas City, Medina , Minnesota
2024 was a 'year of outperfomance': Morgan Stanley CEO
  + stars: | 2024-11-21 | 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 Email2024 was a 'year of outperfomance': Morgan Stanley CEOTed Pick, CEO of Morgan Stanley is also bullish going into next year, saying that investors are "constructive" on the markets "against a backdrop where the U.S. economy continues to outperform."
Persons: outperfomance, Morgan Stanley, Ted Pick
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Thursday's full episode of Mad Money with Jim Cramer — November 21, 2024"Mad Money" host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.
Persons: Jim Cramer —, Jim Cramer
Chart of the Day: Snowflake
  + stars: | 2024-11-21 | 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 EmailChart of the Day: SnowflakeSnowflake is our Chart of the Day as it surges after earnings. Brad Gerstner and Stephanie Link both own it and Stephanie is buying more. They discuss where the stock is going from here.
Persons: Brad Gerstner, Stephanie Link, Stephanie
The fate of MSNBC could be in Trump’s hands
  + stars: | 2024-11-21 | by ( Matt Egan | ) edition.cnn.com   time to read: +6 min
It’s true that analysts expect the Trump administration to generally be less hostile to mergers. Yet it’s also true that some Republicans – including some tapped to join the Trump administration – have been described as “Khanservatives” because they’ve called for tougher, not weaker, antitrust scrutiny. Earlier this year, Gaetz told NOTUS that the FCC chair’s work “inspired me” and he expressed hope she stays in power for a Trump administration. As Gaetz fights to survive a tough nomination process to be attorney general, Comcast dropped a bombshell in the media industry by spinning off MSNBC, CNBC, USA, Oxygen and other networks. “It’s hard not to look at the spinoff of CNBC and MSNBC as potentially a response to the new administration,” said Petro.
Persons: Donald Trump’s, Trump, Donald Trump, ” Craig Moffett, MoffettNathanson, Brendan Carr, Trump’s, Kamala Harris, Carr, Skydance’s, , Moffett, Jeffrey Sonnenfeld, Sonnenfeld, Gaetz, Vance, Lina Khan, it’s, they’ve, JD Vance, Khan, Biden, Matt Gaetz, NOTUS, , Brian Roberts, Will Trump, Frank Louthan, Raymond James, It’s, Louthan, Lee Petro, Dickinson, it’s “, Petro Organizations: New, New York CNN, Department, T’s, CNN, Timer Warner, Trump, Comcast, MSNBC, CNBC, NBC, DOJ, Federal Communications Commission, FCC, Paramount, Fox News, CBS, Yale, Leadership, Time Warner, Biden, Federal Trade, , Washington DC Locations: New York, Florida, USA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Wednesday's full episode of Mad Money with Jim Cramer — November 20, 2024"Mad Money" host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.
Persons: Jim Cramer —, Jim Cramer
Here's where Louise Brown, the first IVF baby, is now. "Joy" is about the British doctors who helped conceive the first baby using IVF treatment in the late 1970s. Louise Brown was born in 1978Louise Brown at the Science Museum in London. Leon Neal/Getty ImagesLouise Joy Brown was born on July 25, 1978, with her middle name giving the Netflix movie its title. Unfortunately, Jean Purdy died at the age of 39 and I did not know her."
Persons: Bill Nighy, Thomasin McKenzie, James Norton, Here's, Louise Brown, Patrick Steptoe, Jean Purdy, Robert Edwards, Guillermo del Toro's, Steptoe, Purdy, Edwards, Lesley, John Brown, implanting Brown, Leon Neal, Getty, Louise Joy Brown, She's, Brown, Patrick, Bob, Bob Edwards Organizations: Netflix, Centre, New York Times, Browns, Science Museum, Bristol's Old, Bourn Hall Clinic Locations: Oldham, Manchester, England, London, Bristol, Cambridgeshire
Its drone units account for 80% of Russian losses, The New York Times reported. Ukraine's drone units now account for at least 80% of Russian frontline losses, The New York Times reported. The outlet reported that small Ukrainian drone teams had become prized targets for Russia. Ukraine's frontline drone units work in small teams, using remotely controlled first-person-view (FPV) drones to surveil and target Russian forces. In October, Ukraine exceeded its annual target of producing a million FPV drones for its military, Lieutenant General Ivan Havryliuk, Deputy Minister of Defense of Ukraine, told RBC-Ukraine.
Persons: Sgt, Maj, Vasyl, Ivan Havryliuk Organizations: New York Times, Times, Russian, Defense, RBC Locations: Russia, US, Ukraine
The founder of the first gold-tracking ETF is still bullish on the commodity two decades later. "Things are looking good for the rest of this year and for next year," George Milling-Stanley told CNBC's "ETF Edge" this week. Even the postelection pullback in gold futures and the SPDR Gold Shares ETF (GLD) hasn't tarnished the record run this year. "This is why we've seen the stock market go up dramatically, why we've seen the cryptocurrencies go up dramatically." But the precious metal, and in turn, the GLD ETF, are "starting to claw back some of the lost ground," Milling-Stanley said.
Persons: George Milling, Stanley, CNBC's, hasn't, we've Organizations: State Street Locations: India, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrom debt point of view, we are seeing attractive spread levels globally: J.P. Morgan's ReschkeMatthias Reschke, J.P Morgan's head of European investment grade finance, discusses the debt and credit landscape ahead of J.P. Morgan's inaugural European Financials Conference.
Persons: Morgan's Reschke Matthias Reschke, J.P Organizations: Morgan's, Financials Conference Locations: J.P
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