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☆ Jonathan Majors' motion to void NY domestic violence conviction cites judicial error, insufficiency of evidence
▼ + stars: | 2024-02-07 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

AdvertisementJonathan Majors' 41-page motion to void his December domestic violence conviction was made public Wednesday, and it cites judicial error and insufficiency of evidence as grounds. A Manhattan jury convicted Majors on December 18 of misdemeanor reckless assault charge and a lower-level charge of harassment. "And for that reason, the reckless assault charge should never have been presented to the jury at all." "The people bookended the trial with loud accusations of a deliberate pattern of intentional bad conduct by Mr. Majors," Chaudhry wrote. AdvertisementRead Jonathan Majors' motion to void his domestic violence conviction here.

Persons: Jonathan Majors, —, Majors, Grace Jabbari, Priya Chaudhry, Michael Gaffey, Jabbari, Chaudhry, Prosecutors, Escalade, Michelle Obama, Coretta Scott King, Read Jonathan Majors, Attorney Alvin Bragg Organizations: Service, Marvel, Business, Prosecutors, Manhattan, Attorney Locations: New York, Manhattan, Chinatown

☆ Spirits sales beat out beer and wine for second straight year, despite little growth
▼ + stars: | 2024-02-07 | by ( Brandon Gomez | ) www.cnbc.com time to read: +2 min

Matthew Horwood | Getty Images News | Getty ImagesThe spirits industry held its market share edge over beer and wine for the second straight year in 2023, even as it showed little growth, according to new data released Wednesday. U.S. spirits revenue grew only a modest 0.2% last year to $37.7 billion, according to the Distilled Spirits Council of the U.S. annual economic report. Although the industry gained little total revenue, it outpaced beer and wine sales by 0.4% and 26.1%, respectively. "The phenomenal sales growth we saw during the pandemic was unprecedented and unpredictable but also unsustainable, and now, the spirits market is recalibrating." Tequila and mezcal, blended whiskey and American whiskey are among the fastest growing spirits categories by revenue.

Persons: Matthew Horwood, Chris Swonger, Swonger Organizations: Getty, U.S, Diageo, LVMH, Constellation Brands Locations: Cardiff, United Kingdom, U.S

LAS VEGAS (AP) — Las Vegas proposed to the NFL in December 2021. “Let’s just marry these brands, and let’s bring the Super Bowl here,” Steve Hill, president and CEO of the Las Vegas Convention and Visitors Authority, recalled telling a room of NFL franchise owners. The betrothal culminates Sunday in a not-so-intimate ceremony at Allegiant Stadium, where the city will host its first-ever Super Bowl. He isn’t alone in his excitement: Parking spots for private jets in and around Las Vegas have all been spoken for. Strolling across that span after a major event like the Super Bowl makes for a memory that can't be recreated, Naft said.

Persons: “ Let’s, let’s, Steve Hill, Elvis Presley impersonators, Vince Lombardi, ”, Seth Kaplan, Kaplan, Guy Fieri, Jeff Frederick, isn’t, “, Michael Naft, Mark Davis, Naft, Ty O'Neil Organizations: LAS VEGAS, NFL, Las Vegas Convention, Visitors Authority, Vegas, San Francisco 49ers, Kansas City Chiefs, Maxim, Royale, Resorts, Chapel, Bellagio, Aria, MGM Resorts International, ”, Las Vegas Raiders, Super Locations: Las Vegas, Bellagio, Australia, Clark, Vegas, Nevada

LOS ANGELES (AP) — Las Vegas will be flooded with so many pre- Super Bowl events that Shaquille O'Neal lowered the prices to his popular carnival-themed “ Shaq's Fun House. “Las Vegas isn't ready for the show we're about to bring,” Big Boi said. The stars of the CBS show “The Neighborhood” will host the Super Bowl Soulful Celebration at the Palms Casino Resort on Wednesday night. MALUMA & SIRIUSXMColombian superstar Maluma will take his vibrant Latin music vibes into Las Vegas with the help of SiriusXM. ___More on the Super Bowl: https://apnews.com/hub/super-bowl

Persons: Shaquille O'Neal, O'Neal, We're, ”, He'll, Lil Wayne, Diplo, DJ Diesel, Rob Gronkowski, Michael Rubin, Beyoncé, Jay, Leonardo DiCaprio, Jennifer Lopez, Ben Affleck, Kendall Jenner, Rubin, Travis Scott, Meek, Lil Baby, Fabolous, Ludacris, Laroi, Mike, OutKast, Big Boi, Kevin Hart, Deon Cole, D.L, Desi Banks, Aida Rodriguez, Cedric, Tichina Arnold, Mary Mary, Kirk Franklin, Robin Thicke, Tully Banta, Cain, Bryan Scott, Arnold, “, Nate Burleson, —, DJ Afrojack, Gronkowski, BILLY IDOL, Billy Idol, Idol, he's stoked, Maluma, He's, Don Juan ”, “ COCO LOCO ”, David Guetta, Jack Harlow, Wynn, Zach Bryan, Tiësto, LIV, Savage, Guy Fieri, Leigh Steinberg Organizations: ANGELES, NBA, Fun, Wynn, Sports Illustrated's, Hamptons, Cosmopolitan, MADDEN, EA Sports, Madden, of, Madden NFL, Theatre, CBS, NFL, Super, Sunday, Location's, Touchdown Club, SIRIUSXM, Virgin Hotels, Pandora, Las, GQ, Nomad Library Locations: Las Vegas, Sin City, Encore, Atlanta, Hughley, Palms, British, Allegiant, Vegas, Fontainebleau

GRAND RAPIDS, Mich. (AP) — Bartender Catey Regis had a pricey misadventure buying a used car recently — an experience that speaks to why voters are worrying about the U.S. economy going into this year's presidential election. “To me, it’s a telltale sign about the economy," Regis explained from a bar stool after her shift. But conversations with dozens of voters around Grand Rapids — a city of 200,000 in one of Michigan’s swing counties — show they're thinking about the economy through their own experiences. Grand Rapids is the seat of Kent County, which backed Trump in 2016 and then flipped to Biden in 2020. To the extent that the economy is doing well, there is little confidence that it is necessarily sustainable.

Persons: Catey Regis, it’s, Regis, Joe Biden, Donald Trump, Biden, Trump, ”, Cameron Brown, “, Scott Thompson, Uber, ” Thompson, Teresa Johnson, Johnson, Nikki Haley, Charles Kroll, he’s, ” Kroll, Arick Davis, Davis, ” Davis, ___ Boak Organizations: Founders Brewing, Toyota Corolla, Republican, Westwood, Trump, Democrat, South, Biden, Census, Chamber, Commerce, Business Locations: GRAND RAPIDS, Mich, U.S, Grand Rapids, Kentwood, East, Ukraine, Caledonia, South Carolina, Grand, Kent County, South East Grand Rapids, Commerce “, Washington

☆ ‘Perfect Days’ Review: Hanging On
▼ + stars: | 2024-02-07 | by ( Alissa Wilkinson | ) www.nytimes.com time to read: +1 min

Pay attention to the shadows in “Perfect Days.” Pay attention also to the trees, to the ways Hirayama (Koji Yakusho) looks at them. Hirayama cleans Tokyo’s public toilets for a living, rising before dawn to gently water the seedlings he grows in his home and then drive off to begin his shift. He keeps to a simple routine, the kind so carefully constructed you start to wonder if it’s a bulwark against chaos. They are anchors in time, companions throughout his days, riches rounding out his life. When he brings a book to the bar on the weekend, the proprietor tells him admiringly that he’s such an intellectual.

Persons: Koji Yakusho, Hirayama, Van Morrison, Nina Simone —, stashed, ”

☆ Mary Todd Lincoln, Thwarted Cabaret Star? That’s Cole Escola’s Take.
▼ + stars: | 2024-02-07 | by ( Erik Piepenburg | ) www.nytimes.com time to read: +1 min

It’s hard to pin down the moment in “Oh, Mary!,” a comedy about Mary Todd Lincoln, that will send Lincoln scholars and purists into apoplexy. It could be when the first lady disastrously auditions for a role in “Our American Cousin,” the play at which John Wilkes Booth would later shoot her husband on April 14, 1865. Or when the deeply closeted Lincoln is orally pleasured at his desk. “I’ve seen people at the box office who seem to think this is really a play about Abraham Lincoln, and I feel a little bad, but it’s also funny,” Cole Escola, the show’s writer and star, said in a recent phone interview. (The show opens on Thursday and continues through March 24 at Off Broadway’s Lucille Lortel Theater.)

Persons: Mary !, Mary Todd Lincoln, ”, John Wilkes Booth, Lincoln, “ I’ve, Abraham Lincoln, it’s, ” Cole Escola, “, Jackée Harry, Harry, enchant Escola, Lucille Lortel Organizations: Lincoln, Stonewall Locations: “, enchant

☆ Analysis: Maduro’s immigration card could influence America’s election, not just Venezuela’s
▼ + stars: | 2024-02-07 | by ( Rafael Romo | ) edition.cnn.com time to read: +8 min

Let’s get united,” Maduro said. Banning Machado from running for president amounts to a repudiation of the agreement, both the opposition and the United States have claimed. “In response to anti-democratic actions by Maduro representatives, the United States has revoked sanctions relief for Venezuela’s gold sector. Venezuela has recently been cooperating with the United States to reduce illegal immigration by allowing removal flights. It’s also immigration and oil during an election year in the United States.

Persons: Voters don’t, Nicolás Maduro, Joe Biden, Biden, Hugo Chávez, Maduro, ” , Let’s, ” Maduro, María Corina Machado, Machado, Maria Corina Machado, Gaby Oraa, ”, ” Machado, Leopoldo López, Maduro’s, Brian Winter, there’s, “, ” Winter, John Moore, Banning Machado, Matthew Miller, Delcy Rodríguez, “ Maduro, It’s Organizations: CNN, Venezuelan, Voters, Socialist United Party of Venezuela, American, US, Venezuela’s, Justice, National Assembly, Bloomberg, Getty, Americas Quarterly, Immigrants, Border Patrol, Biden, US State Department, Twitter, State Department Locations: Venezuela, United States, Caracas, Madrid, Spain, Rio Grande, Eagle Pass , Texas, Barbados, Maduro, Mexico

☆ Goldman Sachs leaders are charting a course for the bank's future in Miami for the second year in a row. Here's how the stakes are different this time.
▼ + stars: | 2024-02-07 | by ( Reed Alexander | Emmalyse Brownstein | ) www.businessinsider.com time to read: +5 min

The Miami Beach Edition hotel on Collins Avenue, where conferences for Goldman parnters are being held. Inside the Edition Hotel in Miami, which is playing host to the Goldman Sachs partner conference this week. The Faena Hotel along Collins Avenue is also playing host to some Goldman partners and events this week. A spokesperson for Goldman Sachs declined to comment about the Miami gathering this week. Are you a Goldman Sachs or Wall Street insider?

Persons: Goldman Sachs, confab, —, Goldman, Denis Coleman, Avinash, Goldman parnters, Emmalyse, David Solomon, Solomon, Lloyd Blankfein, he's, Reed Alexander Big, Solomon —, John Waldron —, Solomon himself, Emmalyse Brownstein Goldman, George Lee, Alison Mass, Trevor Noah, decamped, Reed Alexander Organizations: Magic City, Miami Beach, Business, Wall Street Journal, Goldman, Wall Street Locations: New York, London, Miami, Collins, New York City, South Florida, ralexander@businessinsider.com

The number of affordable units — with rents under $600 — also dropped to 7.2 million that year, 2.1 million fewer than a decade earlier. Photos You Should See View All 45 ImagesThose factors contributed to a dramatic rise in eviction filings and a record number of people becoming homeless. "It just hits you like, ‘This is for nothing.’"In Auburn, Massachusetts, pervasive rent hikes have already hit the last bastion of affordable housing. Just off an interstate alongside a pond, residents at the American Mobile Home Park face rent increases upwards of 40%. The group Lawyers For Civil Rights has sent a letter to the landlord accusing it of “unconscionable rent increases," and failing to provide critical services like adequate garbage and snow removal.

Persons: Caitlyn Colbert, Colbert, “, ”, —, Whitney Airgood, Obrycki, ” Colbert, haven’t, Amy Case, Ann Urbanovitch, Zach Neumann, Monique Gant, Gant, Nick Graetz, ” Graetz, Chris Herbert, Jared Polis, ___ Casey, ___ Organizations: DENVER, Harvard Joint Center for Housing Studies, Harvard, Habitat, Humanity, American Mobile, Civil Rights, Associated Press, Colorado Judicial, Community Economic Defense, Princeton, ”, Colorado Gov, America Statehouse News Initiative, America Locations: Denver, U.S, ”, Auburn , Massachusetts, Colorado, Washington, Massachusetts, Boston

It states that no one can hold office who has previously taken an oath to support the Constitution but then engaged in an insurrection or provided help to enemies of the United States. The Colorado Supreme Court agreed, ruling that Trump's conduct amounted to engaging in "insurrection" in violation of Section 3. And only an appointed and not an elected official can be an ‘officer of the United States,’” his legal team said. “My colleagues and I have filed a brief in the Supreme Court on that very question, and we have argued to the Supreme Court that that is the quintessential insurrection or rebellion against the Constitution of the United States. “He is the presumptive Republican nominee and the leading candidate for President of the United States.

Persons: Donald Trump –, –, Trump, Noah Bookbinder, “ We’re, ”, Bookbinder, “, ” Trump, ’ ”, ” “, ’, J, Michael Luttig, ” Luttig Organizations: Republican, Citizens, GOP, Capitol, The, The Colorado Supreme, Trump, Electoral College, U.S ., Appeals, Circuit, MSNBC, New Locations: United States, Washington, Colorado, The Colorado, United States of America, Iowa, New Hampshire

Vita Coco started with a leap of faith, a $75,000 investment and "several" maxed-out credit cards. Today, the bestselling coconut water company is worth $1.1 billion. They paid mostly with Kirban's money, which he'd obtained by founding and running a real estate software business after dropping out of college. That software business still exists, and Kirban still helps run it on the side, he says. It was only the beginning of Vita Coco's long journey to financial success, with more stumbling blocks along the way.

Persons: Vita Coco, Michael Kirban, Ira Liran, Liran, Kirban, There's, he'd, hadn't, Vita Organizations: Southern, U.S, CNBC, U.S . Food, Drug Administration Locations: Manhattan, Brazil, U.S, Bahamas

☆ Country singer Toby Keith dies at age 62
▼ + stars: | 2024-02-06 | by ( Patrick Smith | ) www.cnbc.com time to read: +2 min

Toby Keith performs on stage during the 2023 People's Choice Country Awards held at the Grand Ole Opry House on September 28, 2023 in Nashville, Tennessee. Country music icon Toby Keith has died, his official website and social media accounts said early Tuesday, 18 months after he revealed he had stomach cancer. It's always zero to 60 and 60 to zero but I feel good today," Keith told E! News ahead of receiving the Country Icon Award at the People's Choice Country Awards. Keith continued to record and perform through his illness, appearing live over three nights in Las Vegas in December.

Persons: Toby Keith, Keith, Willie Nelson Organizations: Grand Ole Opry House, Oklahoman, Oklahoma City Locations: Nashville , Tennessee, Las Vegas, Vegas, Clinton , Oklahoma, Moore, Oklahoma, United States, Dodge City , Kansas, Canada

Donald Trump cannot invoke presidential immunity as a defense against criminal charges that accuse him of attempting to overturn the 2020 presidential election and inciting a violent insurrection at the Capitol, a panel of federal judges ruled on Tuesday. “For the purpose of this criminal case, former President Trump has become citizen Trump, with all of the defenses of any other criminal defendant,” wrote for the panel of three judges who serve in the U.S. Court of Appeals for the D.C. Earlier on Thursday, Trump posted to social media about the issue of presidential immunity – almost as if he had advance notice about the decision. “IF IMMUNITY IS NOT GRANTED TO A PRESIDENT, EVERY PRESIDENT THAT LEAVES OFFICE WILL BE IMMEDIATELY INDICTED BY THE OPPOSING PARTY. The decision on presidential immunity was hardly unexpected.

Persons: Donald Trump, Trump, ”, “, ” Trump, Mitch McConnell, impeaching Trump Organizations: Capitol, Trump, U.S ., Appeals, UNITED STATES, Justice Department Locations: U.S

☆ Potential failure of border bill creates a political opening for Biden
▼ + stars: | 2024-02-06 | by ( Michael Williams | ) edition.cnn.com time to read: +5 min

The bill would have included some of the most significant changes in immigration policy seen in decades, along with aid for Ukraine and Israel. But any hope for the deal seemed to be dashed after Trump came out against it, apparently so he could campaign on Biden’s perceived weakness on the border. Speaking from the White House on Tuesday, Biden vowed to turn Trump’s strategy around on him. The reliably conservative Border Patrol union endorsed it, and Biden and Republican negotiators repeatedly signaled their joint optimism that a deal would be reached. “Now, all indications are this bill won’t even move forward to the Senate floor,” Biden said.

Persons: Joe Biden, Donald Trump, Biden, Trump, ” Biden, “, ”, Greg Abbott’s, Abbott, won’t, ” Trump, “ Donald Trump, MAGA, he’d Organizations: Washington CNN, GOP, Republicans, White, Trump, MAGA Republican, Israel, Texas Gov, of Homeland Security, Congressional Republicans, Border Patrol, Republican, MAGA Republicans Locations: Ukraine, Israel, “, Gaza

The heightened concerns over the RNC’s latest financial problems are just the tipping point in a yearslong struggle between Trump and the committee. Trump has asked allies and aides in the past why the RNC must remain neutral in the GOP presidential primary. Trump had previously endorsed both Gruters and Whatley for officer positions at the RNC, but both lost their respective bids. Still, two people familiar with Reed’s departure stressed that his move to the private sector was unrelated to the tensions between Trump and McDaniel. Trump and the RNC need each otherDespite the broader tensions that are playing out both privately and publicly, the Trump campaign and the RNC have a lot to gain from each other.

Persons: Donald Trump, Trump, Ronna McDaniel, McDaniel’s, McDaniel, Michael Whatley, Drew McKissick, Sen, Joe Gruters, Gruters, Whatley, — Susie Wiles, Chris LaCivita, What’s, Mike Reed, ”, —, “ They’ll, he’s, “ That’s, “ Organizations: CNN, Republican National Committee, Republican, RNC, South Carolina, Trump, North Carolina Republican, South Carolina Republican, GOP, Victory, White Locations: Lago, Florida

☆ Trump does not have presidential immunity in January 6 case, federal appeals court rules
▼ + stars: | 2024-02-06 | by ( Devan Cole | Hannah Rabinowitz | ) edition.cnn.com time to read: +5 min

CNN —Donald Trump is not immune from prosecution for alleged crimes he committed during his presidency to reverse the 2020 election results, a federal appeals court said Tuesday. The ruling is a major blow to Trump’s key defense thus far in the federal election subversion case brought against him by special counsel Jack Smith. “For the purpose of this criminal case, former President Trump has become citizen Trump, with all of the defenses of any other criminal defendant. But any executive immunity that may have protected him while he served as President no longer protects him against this prosecution,” the court wrote. Not protected under separation of powers clauseThe appeals court found that Trump is not protected from criminal prosecution under the separation of powers clause.

Persons: Donald Trump, Jack Smith, Smith, Trump, ”, J, Michelle Childs, Florence Pan, Joe Biden, Karen LeCraft Henderson, George H.W, George H.W . Bush, Trump’s, ’, ” Trump, “, CNN’s Holmes, Katelyn Polantz Organizations: CNN, Trump, DC Circuit, CNN Trump, Justice Department, DC Locations: George H.W ., United States

☆ Why Capitol Hill is a total failure right now
▼ + stars: | 2024-02-06 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +5 min

CNN —A plague on both these houses:The Senate seems to lack the political will for a bipartisan border deal. The House lacks an effective majority for a partisan impeachment effort as GOP leaders scramble for votes. Except, as the vote approached, they seemed to realize they might not have the votes to impeach Mayorkas after all. The only other time a Cabinet member was impeached, back in 1876, it was with a unanimous House vote. With hours to go before the Mayorkas impeachment vote is set to occur, there is a real possibility it could fail, and it can only pass by the slimmest of margins.

Persons: Joe Biden, Alejandro Mayorkas, Mayorkas, Ken Buck, Ken Buck of Colorado, Tom McClintock of, “ Maladministration, ” Buck, ” McClintock, –, Donald Trump, CNN’s Dana Bash, Sen, James Lankford of, “, ”, “ I’m, ” Lankford, Mike Johnson doesn’t, ” Johnson, Biden Organizations: CNN, Republicans, Democratic, White, House Republicans, Homeland, Senate Democratic, US, Republican, Biden, MAGA Republican Locations: Ukraine, Israel, Taiwan, Mexico, Central, South America, Ken Buck of, Tom McClintock of California, James Lankford of Oklahoma, “

☆ DuPont sets a low bar and hops over it — the quarter is a step in the right direction and investors scoop up shares
▼ + stars: | 2024-02-06 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

While the recovery time may vary buy end market, it's important to note that on a consolidated basis, management does believe that the first quarter 2024 will represent the bottom. They expect to see a pickup in sales as we exit the second quarter of 2024. DD 1Y mountain DuPont 1 year Guidance Management's forecast for the current quarter (first quarter of fiscal 2024) was unchanged from what we got on the preannouncement. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim Cramer, Jim, Jeff Fusco Organizations: DuPont, Electronics, DuPont's Semiconductor Technologies, Semiconductor Technologies, Industrial Solutions, Protection, Safety Solutions, Solutions, Management, CNBC Locations: China, Wilmington , Delaware

The Senate voted 31-22 to pass Senate Bill 189, sending it on to the House for more debate. Also Tuesday, Burns' committee approved a state constitutional amendment that says only U.S. citizens can vote in Georgia elections. Supporters, including Raffensperger, claim the measure is needed to make sure no one ever changes the current Georgia law that bars noncitizens from voting. Some lawmakers hope new optical scanners can be purchased and used to count ballots without QR codes this year. All Democrats, even one who voted to ban QR codes in committee, voted against the Senate bill Tuesday.

Persons: Donald Trump's, Bill, Brad Raffensperger's, it's, Max Burns, ” Burns, Donald Trump, Alex Halderman, Raffensperger, Burns, noncitizens, Matt Hatchett, Sen, Sally Harrell, Harrell Organizations: ATLANTA, —, Republican, Sylvania Republican, Fox News, Dominion, Board, Georgia, Dublin Republican, Atlanta Democrat Locations: — Georgia, Georgia, Atlanta

WASHINGTON (AP) — The House of Representatives is expected to vote Tuesday on whether to impeach Homeland Security Secretary Alejandro Mayorkas. The vote will be the culmination of months of examination by House Republicans as they've aimed to make immigration and border security a key election issue. Republicans have laid the blame for all of this on the Homeland Security secretary and said that because of it, he needs to go. The House Homeland Security Committee has been holding hearings over roughly the last year where Republicans have repeatedly lambasted Mayorkas. That's the body that would decide whether to convict the secretary or not and if he's convicted then Mayorkas is no longer Homeland Security secretary.

Persons: Alejandro Mayorkas, It's, they're, Biden, Trump, Mayorkas, Witnesses, he's, Mike Johnson, “, ”, Biden’s, impeachable, Frank O, Bowman, it's, Mayorkas —, ” Mayorkas Organizations: WASHINGTON, Homeland, Republicans, Border Patrol, Border, Migrants, Democratic, Homeland Security, House Homeland Security, Trump, Trump . U.S . House Republicans, Republican, University, Missouri, MAYORKAS, Senate, Associated Press Locations: U.S, United States, Mexico, America, China, Afghanistan, Mauritania, Chicago , New York, Boston, Denver, Arizona, Trump ., Louisiana, Mayorkas

☆ Vita Coco: My billion-dollar coconut water company
▼ + stars: | 2024-02-06 | by ( Raffi Paul | Tom Huddleston Jr. | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVita Coco: My billion-dollar coconut water companyAfter a chance encounter with two Brazilian women in a New York bar in 2003, hearing about the tasty beverage they missed from back home, Michael Kirban and his friend Ira Liran wanted to introduce coconut water to the U.S. market. They co-founded Vita Coco the following year, initially investing $75,000 to launch the product in the U.S. Twenty years later, the company is worth more than $1 billion.

Persons: Michael Kirban, Ira Liran, Vita Coco Organizations: U.S Locations: New York, U.S

☆ New Senate bill aims to kill proposed SEC rule on AI conflicts of interest
▼ + stars: | 2024-02-06 | by ( Emily Wilkins | ) www.cnbc.com time to read: +3 min

More than 20 Republican lawmakers in the House and Senate sent Gensler a letter last fall, calling on the SEC to withdraw the rule. Ted Cruz (R-Texas) and Bill Hagerty (R-Tenn.). The Senate bill currently lacks Democratic support, meaning it's unlikely to get much traction as long as Democrats control the Senate. If the final SEC rule is issued after the beginning of November, and not before it, then the rule could fall in the window of CRA, come January 2025. He also argued the precedent has been for the SEC to require firms to disclose potential areas of interest, not eliminate them completely.

Persons: Ted Cruz, Sen, Bill Hagerty, WASHINGTON —, Gary Gensler, Gensler, Sens, Cruz, Ritchie Torres Organizations: Republican, Republicans, U.S, Capitol, Washington , D.C, Securities and Exchange Commission, SEC, Senate, CNBC, Democratic, Act Locations: Texas, Washington ,

☆ $7 Million for 30 Seconds? It’s Worth It at the Super Bowl.
▼ + stars: | 2024-02-06 | by ( Santul Nerkar | ) www.nytimes.com time to read: 1 min

They all have one thing in common: Those companies paid seven figures to get their products in front of viewers during this year’s Super Bowl. For the second consecutive year, the average cost of a 30-second ad spot during the Super Bowl was $7 million. Even as many businesses are being more disciplined with the money they have for marketing, and with spending on advertising slowing in recent years, the cost of a Super Bowl ad continues to go up. The reason is simple: There is no opportunity guaranteed to reach more people than the Super Bowl, and the slice of every other pie keeps shrinking. “It’s a throwback in terms of reaching everyone all at once,” said Charles Taylor, a professor of marketing at the Villanova School of Business.

Persons: Peyton Manning, Bud, Kris Jenner, ”, Charles Taylor Organizations: Super, Villanova School of Business

☆ These 4 Republicans voted against impeaching DHS Secretary Alejandro Mayorkas, sinking the GOP's efforts
▼ + stars: | 2024-02-06 | by ( Brent D. Griffiths | Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Four Republicans joined all House Democrats in voting down what would have been the first impeachment of a Cabinet official in nearly 150 years. Mayorkas' impeachment was not expected to go anywhere. But senators from both parties have repeatedly made clear that they have a particular ire reserved for Mayorkas' impeachment. Before Tuesday's vote, McClintock issued a scathing 10-page letter to his colleagues denouncing their impeachment push. "[T]aking the course outlined by the [Homeland Security Committee] is bad politics and bad policy," McClintock wrote in his letter.

Persons: —, Alejandro Mayorkas, Mike Johnson, Mike Gallagher of, Ken Buck, Tom McClintock, Blake Moore, Steve Scalise, Gallagher, Ken Buck of Colorado, Tom McClintock of, McClintock, Mayorkas, Sen, Kevin Cramer, Mitt Romney, Buck, Romney, Axios Organizations: Service, Homeland, Republicans, House Democrats, Business, GOP, Capitol, Senate, Mayorkas, North Dakota Republican, Utah Republican, [ Homeland Security, Democrats, Supreme, Republican Locations: Mike Gallagher of Wisconsin, Ken Buck of Colorado, California, Utah, Washington, China, Ken Buck of, Tom McClintock of California, Huff

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