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July 25 (Reuters) - Further deterioration in demand for glyphosate-based weed killers led Bayer (BAYGn.DE) to cut its full-year earnings outlook and announce a 2.5 billion euro ($2.8 billion) write-down on glyphosate-related assets. That was lower than a previous 2023 outlook of 12.5 billion euros, or slightly higher. Free cash flow would come in at zero, down from a previous prediction of 3 billion euros, the company said. "Based on the anticipated market development, in particular with respect to the glyphosate business, Bayer also expects to record a goodwill impairment of approximately 2.5 billion euros," it said. That would result in a second-quarter net loss of 2 billion euros.

Persons: Bayer, Bill Anderson, Roche, Markus Manns, Anderson, Hurricane Ida, Werner Baumann, Thomas Escritt, Ludwig Burger, Jonathan Oatis, Susan Fenton, Kirsten Donovan Organizations: Union Investment, Barclays, FMC, BASF, Bayer, Thomson

BERLIN, July 24 (Reuters) - Weak demand for glyphosate-based weed killers led Bayer (BAYGn.DE) to cut its full-year earnings outlook for the second time and announce a 2.5 billion euro ($2.8 billion) write-down on glyphosate-related assets. That was lower than a previous 2023 outlook of 12.5 billion euros, or slightly higher. Free cash flow would come in at zero, down from a previous prediction of 3 billion euros, the company said. "Based on the anticipated market development, in particular with respect to the glyphosate business, Bayer also expects to record a goodwill impairment of approximately 2.5 billion euros," it said. That would result in a second-quarter net loss of 2 billion euros.

Persons: Bayer, Hurricane Ida, Bill Anderson, Roche, Werner Baumann, Thomas Escritt, Ludwig Burger, Jonathan Oatis, Susan Fenton Organizations: Bayer, FMC, BASF, Thomson Locations: BERLIN

☆ 'Oppenheimer' fact v. fiction: A nuclear historian breaks down what the movie got right and wrong
▼ + stars: | 2023-07-21 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +18 min

J. Robert Oppenheimer was an immensely complex figure, and the movie's based on a biography of him. Fact: Oppenheimer mocked Strauss about isotopesJ. Robert Oppenheimer testifies before the Senate in October 1945. Fact: A big thunderstorm delayed the Trinity TestOppenheimer (Cillian Murphy) stands next to the test bomb in "Oppenheimer." If it weren't for the atomic bomb, Oppenheimer would likely be best known for bolstering theoretical physics at the University of California, Berkeley. Fiction: Oppenheimer consulted Einstein about Teller's calculations(L-R) Tom Conti as Albert Einstein and Cillian Murphy as J. Robert Oppenheimer in "Oppenheimer."

Persons: Christopher Nolan's, Oppenheimer, Robert Oppenheimer, J, Alex Wellerstein, Kai Bird, Martin Sherwin, Wellerstein, Niels Bohr wasn't, Patrick Blackett, Bird, Sherwin, Blackett, Niels Bohr, Ernest Rutherford, Bohr, Oppenheimer's, Cillian Murphy, Abraham Pais, Baudelaire, e.e, cummings, who's, Haakon Chevalier, Peter, Peter Oppenheimer, Kitty, Haakon, Barbara Chevalier, Robert, Perro, Werner Heisenberg, peppering Bohr, Heisenberg, Strauss, David Hill, Lewis Strauss, Dwight D, David Inglis, Inglis, I've, Arthur Compton, Trinity Test Oppenheimer, Jack Hubbard, Leslie Groves, Hubbard, Feynman, Richard Feynman, I'm, Groves, Robert Serber, David Bohm, Philip Morrison, Willis Lamb, Hitler, Hartland Snyder, Kip Thorne, John Wheeler, Roger Penrose, Penrose, Murphy, Trinity, there's, —, Karl T, Compton, Stimson, Henry Stimson, that's, Harry Truman, Wallenstein, Einstein, Tom Conti, Albert Einstein, Melinda Sue Gordon, Edward Teller, Hans Bethe, Enrico Fermi, Bethe, Roger Robb, He's, Teller, Stanislaw Ulam, Gordon Dean, Charlotte Serber, Charlotte Serber's, she's, Serber Organizations: Service, Manhattan Project's Los Alamos Laboratory, Stevens Institute of Technology, Cambridge, Eisenhower's, Federation of American Scientists, Time, Atomic Energy Committee, Trinity Test, Trinity, Los, University of California, Clovis, National Security Research, Manhattan Project . National Security Research, FBI Locations: Wall, Silicon, England, Leiden, Holland, New Mexico, Perro Caliente, Los Pinos , New Mexico, Germany, Nazi, Denmark, Sweden, Los Alamos, Europe, Berkeley, Poland, Amarillo , Texas, Japan, Kyoto, Alamos

☆ Stocks making the biggest moves after hours: CSX, PPG Industries, Knight-Swift Transportation and more
▼ + stars: | 2023-07-20 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Earnings per share for the quarter were in line with expectations at 49 cents. The company posted adjusted earnings of $3.52 per share on revenue of $9.01 billion for the second quarter. The company also raised current-quarter and full-year earnings expectations. Knight-Swift Transportation — The transportation company tumbled 3% after missing analysts' consensus estimates on earnings in the second quarter and giving weak guidance. Analysts were expecting 55 cents in earnings per share and a quarterly revenue of $1.60 billion, according to Refinitiv.

Persons: Refinitiv, FactSet, Refinitiv ., Swift, Darla Mercado Organizations: CSX, Refinitiv, PPG, Systems, Swift Transportation, Management, Werner Enterprises, Scholastic Locations: Refinitiv

☆ Nearly two years after Texas' six-week abortion ban, more babies are dying
▼ + stars: | 2023-07-20 | by ( Isabelle Chapman | ) edition.cnn.com time to read: +8 min

CNN —Texas’ abortion restrictions – some of the strictest in the country – may be fueling a sudden spike in infant mortality as women are forced to carry nonviable pregnancies to term. The increase in deaths could partly be explained by the fact that more babies are being born in Texas. But multiple obstetrician-gynecologists who focus on high-risk pregnancies told CNN that Texas’ strict abortion laws likely contributed to the uptick in infant deaths. Plaintiffs Anna Zargarian, Lauren Miller, Lauren Hall, and Amanda Zurawski at the Texas State Capitol after filing a lawsuit on behalf of Texans harmed by the state's abortion ban on March 7 in Austin, Texas. Tom Williams/CQ Roll Call/APExperts say that abortion bans in states like Texas lead to increased risk for both babies and mothers.

Persons: ”, Erika Werner, –, Samantha Casiano, she’d, wouldn’t, ” Casiano, ‘, Jay Janner, Casiano, gynecologists, “, Anna Zargarian, Lauren Miller, Lauren Hall, Amanda Zurawski, Rick Kern, Kylie Beaton, Beaton, alobar holoprosencephaly, Beaton’s, couldn’t, Grant, Tom Williams, Zurawski, ” Zurawski, Mae, Lan Winchester, ” Winchester, it’s … Organizations: CNN, Texas, Tufts Medical Center, Center for Reproductive, Capitol, Austin American, Statesman, Texas State Capitol, Getty, ” Locations: Texas, Travis County, Austin , Texas, United States, Ohio

Rising tensions between Washington and President Nayib Bukele's government, dwindling prospects of a financing deal with the International Monetary Fund (IMF) and the fallout from bitcoin becoming legal tender against a wider difficult macro backdrop had seen El Salvador bonds drop to a quarter of face value last July. "In the summer of 2022, El Salvador bond prices were divorced from fundamentals," said Aaron Stern, managing partner and chief investment officer at Converium Capital in Toronto, who has been holding the country's bonds since last year. "The market was concerned about the administration's willingness to pay," he said, but even now El Salvador offers attractive value when compared to a number of better priced emerging market sovereigns. These were the best performing among sovereign bonds in the first half of the year, with total returns near 60%. "In a year where carry is the main driver of total returns, investors are going to be reticent to take profits too early," said BNP Paribas' Nathalie Marshik, a managing director for Latin America fixed income.

Persons: Nayib Bukele's, buybacks, Aaron Stern, Alejandro Werner, Bukele, there's, Shamaila Khan, Nathalie Marshik, Marshik, Rodrigo Campos, Karin Strohecker, William Maclean Organizations: YORK, Central, International Monetary Fund, El, IMF, Converium Capital, Reuters, Emerging Markets, Asia Pacific, UBS Asset Management, Reuters Graphics JPMorgan, Thomson Locations: El Salvador, Central American, Washington, Toronto, it's, America

☆ Why declaring victory over inflation too soon may be a mistake for economy
▼ + stars: | 2023-07-16 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +9 min

The market is fully expecting another interest rate hike from the Fed in July, after it skipped a rate hike in June. For the Fed, ideal inflation is in the target range of 2%. But he is more encouraged about the economy avoiding recession, which recent economic history said would not be possible. San Francisco Fed President Mary Daly expressed her commitment to lowering inflation even further on "Squawk on the Street" last week. "It's really too early to say that we can declare victory on inflation.

Persons: Tom Werner, Jerome Powell, Ed Yardeni, Yardeni, Paul McCulley, Tom Lee, Fundstrat, Lee, Liz Young, Roger Ferguson, Ferguson, Hugh Johnston, they've, CFOs, Milton Friedman's, Pimco, Tiffany Wilding, Wilding, Mary Daly Organizations: Federal Reserve, Market Committee, Fed, CME Fed, Yardeni, Dow Jones, Dow, PepsiCo, CNBC, Francisco Fed Locations: U.S, Georgetown

Wait times for rides and attractions at both resorts have shortened, according to analysts who track theme park attendance. Disney CEO Bob Iger attributed Disney World’s recent decline in wait times to an overall slump in Central Florida tourism. Iger told CNBC he did not have “long-term concerns” about Disney’s theme parks. For Universal’s Florida parks, every month since March has seen lower average wait times, according to the site. Pareti said she spends between four and six days per week at Disney’s parks and visits Universal parks, as well.

Persons: Los Angeles CNN —, Walt, Universal Orlando parkgoers, Bob Iger, ”, Iger, Shorter, July’s, Don Munsil, he’s, Munsil, “, Kayla Pareti, Mickey Travels, Mickey, You’re, Pareti, she’s, “ Don’t, it’s, Comcast’s, Disney’s, That’s, Ron DeSantis, DeSantis, Pete Werner, Christine McCarthy, ” Werner, It’s, Disney Organizations: Los Angeles CNN, Central, Walt Disney World, Universal Orlando, Disney, CNBC, CNN, Universal, Disney’s, Universal Studios, Disney’s Hollywood Studios, Hollywood Studios, Walt Disney Company, Comcast, UBS, DIS Universal, Republican, NAACP, Human Rights, League of United Latin American, Walt Disney, Disney Cruise Locations: Florida, Central Florida, “ Florida, Disney’s Florida, Universal Studios Florida, Bay Lake , Florida, Orange County, Orlando

☆ Opinion: After living for so long in Israel, this is the story I had to write
▼ + stars: | 2023-07-13 | by ( Opinion Ruth Marks Eglash | ) edition.cnn.com time to read: +8 min

Editor’s Note: Ruth Marks Eglash (@reglash) is a journalist based in Israel. She is the author of the novel “Parallel Lines.” The views expressed here are her own. CNN —When I first thought of writing a novel about the toll of the Israeli-Palestinian conflict on young people, a literary agent tried to talk me out of it. Very often, our words or reports only end up serving as tools and cynical proof for one side to lord over the other. It seems that the only lasting impact our stories have is to foster more anger, hate and division.

Persons: Ruth Marks Eglash, Ruth Marks Eglash Ariel Jerozolimski, Dashka Slater, Suzanne Collins, Collins, ”, Anthony Doerr’s Pulitzer, Laure Leblanc, Werner Pfennig, Nour, Richard Powers ’, Powers Organizations: CNN, New York Times, The Washington Post, The New York Times, Palestinian, Israel Defense Forces, Jewish, Twitter, Facebook Locations: Israel, Oakland , California, United States, Panem, Jerusalem, Marie, Paris, Saint, Palestinian

But the lure for OCI and others of making ammonia with a smaller carbon footprint is a business with potential beyond the farm. is the question, and I think it's a good question," OCI CEO Ahmed El-Hoshy told Reuters, when asked why his company is betting on producing so-called "blue ammonia." But even with U.S. support, blue ammonia economics hinge on further government incentives. If utility premiums don't emerge, OCI plans to use its Texas blue ammonia to make fertilizer in The Netherlands, where the company has under-utilized its plants due to high natural gas prices. OCI's Texas plant, to start production in 2025, will produce 1.1 million metric tons annually.

Persons: Ahmed El, Hoshy, Alexander Derricott, TD Cowen, JERA, Yara, Stephan Werner, Werner, Katrine Petersen, Petersen, Chris Bohn, Oystein Kalleklev, Harald Fotland, Fotland, Rod Nickel, Yuka Obayashi, Anna Driver Organizations: Reuters, OCI, REUTERS, Group, CF Industries, Gulf, CF, Yara, Mitsui, Mitsubishi, Nutrien, Investors, Germany's DWS, International Maritime Organization, Flex LNG, Avance, Victoria Klesty, Thomson Locations: Beaumont , Texas, U.S, Texas, Japan, South Korea, Netherlands, United States, El, OCI's Texas, Gulf Coast, Winnipeg , Manitoba, Oslo, Tokyo, Bengaluru

☆ Thyssenkrupp Nucera shares up in Frankfurt debut
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT/LONDON, July 7 (Reuters) - Shares in hydrogen firm Thyssenkrupp Nucera (NCH2.DE) traded at 20.20 euros ($21.97) in their market debut in Frankfurt on Friday, in an encouraging sign for Europe's capital markets. The opening price was higher than the 20 euros per share paid by investors in the initial public offering (IPO), which valued the company at around 2.5 billion euros. Nucera is a joint venture between Germany's Thyssenkrupp (TKAG.DE) and Italy's De Nora (DNR.MI). "The IPO is the start of an exciting new phase in our company's history," Nucera CEO Werner Ponikwar said during an opening ceremony at the Frankfurt Stock Exchange, adding that the firm will "accelerate the adoption of green hydrogen". ($1 = 0.9193 euros)Reporting by Christoph Steitz in Frankfurt and Pablo Mayo Cerqueiro in London; Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

Persons: Thyssenkrupp, Germany's, Italy's De Nora, DNR.MI, Werner Ponikwar, Christoph Steitz, Pablo Mayo, Miranda Murray Organizations: Frankfurt Stock Exchange, Pablo Mayo Cerqueiro, Thomson Locations: FRANKFURT, LONDON, Frankfurt, London

☆ Thyssenkrupp Nucera CEO: IPO will help us to be seen in the market
▼ + stars: | 2023-07-07 | 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 EmailThyssenkrupp Nucera CEO: IPO will help us to be seen in the marketThyssenkrupp Nucera CEO Werner Ponikwar speaks to CNBC's Annette Weisbach. The clean energy firm made its Frankfurt debut on Friday.

Persons: Werner Ponikwar, CNBC's Annette Weisbach Organizations: Frankfurt

☆ UN recruits robots in strive to meet global development goals
▼ + stars: | 2023-07-05 | by ( Emma Farge | ) www.reuters.com time to read: +2 min

Set in 2015, the U.N.'s 17 Sustainable Development Goals(SDGs) aim to improve human life and the planet by 2030 but are now widely perceived as a long shot. The two-day event will culminate with a panel of robots taking questions from journalists on Friday in the world's first human-robot press conference. The World Health Organization is working on a benchmarking system to ensure the accuracy of AI disease diagnoses. The ITU brings together 193 countries and over 900 organisations including universities and companies like Huawei Technologies [RIC:RIC:HWT.UL] and Google (GOOGL.O). It allocates global radio spectrum and satellite orbits and is involved with setting standards for artificial intelligence.

Persons: Nadine, Frederic Werner, ChatGPT, it's, Doreen Bogdan, Martin, Emma Farge, Emelia Sithole Organizations: International Telecommunication Union, ITU Telecommunication Standardization, World Health Organization, Huawei Technologies, Thomson Locations: GENEVA, Switzerland, Geneva

☆ Neutral Switzerland wants to take part in Sky Shield defence project
▼ + stars: | 2023-07-04 | by ( ) www.reuters.com time to read: +2 min

ZURICH, July 4 (Reuters) - Switzerland wants to participate in the European Sky Shield air defence umbrella, the government said on Tuesday, a move which critics say is incompatible with the country's long-standing tradition of neutrality. European Sky Shield is a common air defence scheme set up by Germany in 2022 to boost European air defence, an issue which has come into sharper focus since Russia's invasion of Ukraine. "Switzerland wishes to participate in the European Sky Shield Initiative and a declaration of intent is due to be signed in Bern," the Defence Ministry told Reuters, confirming an earlier report by broadcaster SRF. Some 17 European countries have so far signed up to the Sky Shield project including Germany, Britain, Finland and Sweden. The Sky Shield move has provoked concerns from Switzerland's neutrality lobby.

Persons: Viola Amherd, Werner Gartenmann, John Revill, Gareth Jones Organizations: Sky, Swiss, Sky Shield, Defence Ministry, Reuters, SRF, Patriot, Pro Schweiz, NATO, Thomson Locations: ZURICH, Switzerland, Germany, Ukraine, Austria, Bern, Britain, Finland, Sweden, Swiss, Denmark

☆ Spanish researchers aim to 'trick nature' with artificial womb
▼ + stars: | 2023-06-29 | by ( Horaci Garcia | ) www.reuters.com time to read: +2 min

BARCELONA, June 29 (Reuters) - Researchers in Barcelona are trying to "trick nature" by creating an artificial womb for extremely premature babies after tests on animals kept foetuses alive for 12 days. Their artificial placenta prototype recreates a protective environment with a translucent container made of biocompatible material inside which the foetus' lungs, intestines and brain can continue to develop. Babies born after six months of pregnancy or less are considered extremely premature with a high risk of death or disability. It's a challenge, it's extremely delicate to achieve this, to trick nature to make this possible," Gratacos said. "Although it is an exciting development, the artificial placenta is not intended to replace a natural placenta," Werner said.

Persons: Eduard Gratacos, Gratacos, Kelly Werner, Werner, Horaci Garcia, Emma Pinedo, David Latona, Andrew Cawthorne Organizations: Reuters, Fundacion La Caixa, Caixabank, Children's Hospital of Philadelphia, Columbia University, Science Media Centre, Thomson Locations: BARCELONA, Barcelona, Spanish

☆ Red Sox owners buy Boston team in Tiger Woods and Rory McIlroy's golf league
▼ + stars: | 2023-06-26 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Another sports powerhouse has joined the ownership ranks of the golf league being developed by Tiger Woods and Rory McIlroy. Woods, McIlroy and McCarley founded TMRW Sports Group (pronounced "tomorrow") last year in partnership with the PGA Tour. At the time, it was seen as a response to the Saudi-backed LIV Golf league, which was embroiled in a bitter legal fight with the PGA Tour. This month, however, the PGA Tour and LIV agreed to merge business interests to form a new company. McIlroy is one of the biggest public critics of LIV, and Woods reportedly rejected a massive offer to join the Saudi-funded league.

Persons: Tom Werner, John Henry, Tiger Woods, Rory McIlroy, Henry, Werner, Reddit, Alexis Ohanian, Serena Williams, Venus Williams, Mike McCarley, McIlroy, McCarley, LIV, Woods Organizations: Boston Red Sox, Fenway Sports Group, TGL, Major League Baseball's Boston Red Sox, Liverpool Football Club, National Hockey League's Pittsburgh Penguins, Los Angeles, TMRW, Woods, TMRW Sports, PGA, LIV Golf, Saudi Locations: New England, Los, FSG, Saudi

☆ Fenway Sports Group joins Tiger Woods developed high-tech golf league
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +1 min

June 26 (Reuters) - Fenway Sports Group, owner of Major League Baseball's Boston Red Sox and Premier League club Liverpool, said on Monday they have added a team in the TGL, the tech-forward team golf league developed by Tiger Woods, to their portfolio. A total of six teams will make up the TGL, an innovative, new primetime golf league that fuses technology and live action that begins play in January at a specially designed state-of-the-art arena in Palm Beach, Florida. "We are excited for this new journey as one of the six inaugural TGL teams in honour of a city whose love and passion for sports is unparalleled," said Fenway Sports Group principal owner John Henry and chairman Tom Werner in a statement on the TGL website. Teams will be made up of three players and feature some of the PGA Tour's biggest names. Players who have committed to the project include 15-times major winner Woods, Masters champion Jon Rahm and four-times major winner Rory McIlroy.

Persons: Tiger Woods, Alexis Ohanian, Serena Williams, Venus Williams, John Henry, Tom Werner, Woods, Jon Rahm, Rory McIlroy, Steve Keating, Christian Radnedge Organizations: Fenway Sports Group, Major League Baseball's Boston Red Sox, Premier League club Liverpool, Boston, Los Angeles Golf Club, TGL, Reddit, PGA, Thomson Locations: Palm Beach , Florida, New England, Toronto

☆ Red Sox owner Fenway Sports Group buys the Boston team in a new golf league
▼ + stars: | 2023-06-26 | 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 EmailRed Sox owner Fenway Sports Group buys the Boston team in a new golf leagueTom Werner, Fenway Sports Group chairman, and TGL CEO Mike McCarley join 'Squawk Box' to discuss Boston's new indoor golf league team, the people involved with the new indoor golf league, and more.

Persons: Tom Werner, Mike McCarley Organizations: Red Sox, Fenway Sports Group, Boston

☆ Orca attacks on boats aren't out of revenge, killer whale experts say. They're just having fun.
▼ + stars: | 2023-06-17 | by ( Erin Heger | ) www.businessinsider.com time to read: +6 min

"I certainly think orcas are capable of complex emotions," Monika Wieland Shields, director of the Orca Behavior Institute told Insider. And yet, these situations haven't resulted in wild orcas attacking boats, Shields said. Orcas in captivity have attacked and killed humans, but there are no records of orcas killing humans in the wild. The orcas are trying to playAccording to Shields, orcas' natural curiosity and playfulness are likely the cause for these encounters and not revenge. According to Trites, orcas might simply enjoy the sensation of ramming into boats.

Persons: —, they've, Andrew Trites, Sailor Werner Schaufelberger, orcas, Trites, White, Monika Wieland Shields, Suzanne Allee, Magnolia Pictures Shields, Shields, Orcas, that's, Hanne Strager, Strager Organizations: Service, Marine Mammal Research, University of British, Orca Behavior Institute, Magnolia Pictures Locations: Spain, Portugal, University of British Columbia, Canada, Blackfish, Washington

It comes as hydrogen technology is getting a boost from favourable legislation in the United States and Europe, which are both seeking to strengthen the technology to help carbon dioxide-heavy industries, including steel and chemicals, to decarbonise. "A potential IPO would enlarge the financial flexibility of Thyssenkrupp Nucera and raise its profile as a leading supplier of technology for the production of green hydrogen," he said. The listing, which is run by Citi (C.N) and Deutsche Bank (DBKGn.DE), will primarily consist of new shares, Thyssenkrupp Nucera said. First-half sales were up 74% at 306 million euros, while the group's earnings before interest and tax rose 87% to 13.3 million euros. "With our electrolysis technology we want to shape a new era of the energy transition," said Werner Ponikwar, chief executive of Thyssenkrupp Nucera.

Persons: Nora, Italy's De Nora, DNR.MI, Miguel Lopez, Thyssenkrupp, Thyssenkrupp Nucera, De Nora, Nora's, Norway's Nel, Werner Ponikwar, Christoph Steitz, Tom Kaeckenhoff, Francesca Landini, Miranda Murray, Clarence Fernandez, Sharon Singleton Organizations: Reuters, Citi, Deutsche Bank, Thyssenkrupp, Britain's ITM, Energy, U.S ., Thomson Locations: FRANKFURT, DUESSELDORF, Ukraine, United States, Europe, U.S

☆ Disney’s fight with DeSantis masks a bigger problem: Its business is struggling
▼ + stars: | 2023-05-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

The company’s latest salvo in the back-and-forth with DeSantis came Thursday, when it pulled the plug on its Lake Nona office complex. For Team Disney, the move is just the latest in which the company is relentlessly dunking on a relatively inexperienced politician who picked a fight with the wrong conglomerate. If you’re on Team DeSantis, shutting down Lake Nona reflects the desperation of a company whose stock is tanking and whose core businesses face serious headwinds. But Disney’s financial problems have much more to do with its money-guzzling streaming business and its rapidly dwindling profit from traditional cable TV. Disney’s stock is down more than 5% this year, while the S&P 500 is up 2%.

☆ Here are Wednesday's biggest analyst calls: Tesla, Wynn, Walmart, Alphabet, Western Alliance & more
▼ + stars: | 2023-05-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Bernstein reiterates Tesla as underperform Bernstein said after the automaker's shareholder meeting that it sees trouble ahead. Bank of America upgrades AppLovin to buy from neutral Bank of America said it sees accelerating revenue growth for the mobile tech company. Stephens reiterates Walmart as overweight Stephens said it's standing by its overweight rating heading into Walmart earnings Thursday. Bank of America reiterates ServiceNow as buy Bank of America said the software company is well positioned for AI. " Stephens reiterates Western Alliance as overweight Stephens said it's standing by its overweight rating on the regional bank.

☆ I built a website that brings in 6 figures in passive income. Here are my best tips on getting started, from using Google AdSense to growing organic traffic.
▼ + stars: | 2023-05-17 | by ( Robin Madell | ) www.businessinsider.com time to read: +11 min

He says getting advertisements onto his site was simple, and now he gets payouts every month. That motivated me to add some new features and optimize the site for search engines. I couldn't find any good resources on the web or in the Google search results with the information I sought. This is where an ad network came in — using a network to sell ad space keeps the entire process passive. For a small web publishing business, monthly net profit can be as simple as ad revenue minus hosting costs.

☆ Werder without Bundesliga top scorer Fuellkrug against Bayern
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] Soccer Football - International Friendly - Germany v Belgium - RheinEnergieStadion, Cologne, Germany - March 28, 2023 Germany's Niclas Fullkrug scores their first goal from the penalty spot REUTERS/Wolfgang RattayBERLIN, May 4 (Reuters) - Werder Bremen will be missing injured Bundesliga top striker Niclas Fuellkrug when they host leaders Bayern Munich on Saturday, coach Ole Werner said on Thursday. "Fuellkrug has been ruled out," Werner told a press conference. Fuellkrug also missed the previous three league matches. Werder have 35 points, seven above the relegation playoff spot with four matches remaining. Bayern lead the title race with a one-point advantage over Borussia Dortmund.

☆ NATO says Moscow may sabotage undersea cables as part of war on Ukraine
▼ + stars: | 2023-05-03 | by ( Sabine Siebold | ) www.reuters.com time to read: +3 min

BRUSSELS, May 3 (Reuters) - Russia may sabotage undersea cables to punish Western nations for supporting Ukraine, NATO's intelligence chief warned on Wednesday, as the alliance boosts efforts to protect undersea infrastructure following the Nord Stream attacks. "There are heightened concerns that Russia may target undersea cables and other critical infrastructure in an effort to disrupt Western life, to gain leverage against those nations that are providing security to Ukraine," David Cattler told reporters. As concerns grow over the security of undersea cables, Western countries are setting out to turn the North Sea into a green power engine, planning a spate of new wind parks that will be linked to the mainland by cables. Other undersea cables transport some 95% of internet traffic around the world at speeds of about 200 terabytes per second, with 200 of these 400 cables deemed critical, according to NATO. NATO significantly increased the number of ships patrolling the North and Baltic seas after the Nord Stream blasts, and established a Critical Undersea Infrastructure Protection Cell to improve cooperation with industry, capitals and experts.

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