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Three global alcoholic beverage makers are likely to see a "negative impact" from a Republican victory in the U.S. election due to the potential for trade tariffs, according to TD Cowen analysts. Guinness maker Diageo would be one of the companies to be impacted by a "smaller degree," according to the bank's analysts. These tariff measures were relaxed by the EU in early 2022, but are expected to be reinstated and doubled to 50% in 2025. STZ 5Y line Diageo Tariffs could "hit multiple areas of the business" at Diageo, TD Cowen analysts said. The company, which makes the Don Julio tequilas in Mexico, has nearly a quarter of its total sales in the U.S. reliant on tariff free trade at the southern border.
Persons: Cowen, Jack Daniel's, Brown, Forman, Donald Trump, Cowen's Robert Moskow, BF.B, Don Julio tequilas, DEO Organizations: Republican, Canada's, Dominion Bank, Constellation Brands, Guinness, Diageo, European Union, EU, Constellation, Corona, Trump Locations: U.S, Canada's Toronto, Corona, Mexico
Pennsylvania resident Naomi Whitehead, 114, was recently crowned the oldest living American. She earned the title as the oldest living person in America following the death of 115-year-old Elizabeth Francis last month. Whitehead grew up on a farm, and "picked cotton and tobacco," she told New Castle News last year. Though regular exercise wasn't ever important to Whitehead, her daily strenuous physical activity was "plowing in the field," she told YouTuber Jack Gordon in an interview. Whitehead's responses to Gordon's questions were typically just a few words, but she was still able to recite an extended bible verse at age 114.
Persons: Naomi Whitehead, Whitehead, Elizabeth Francis, Jack Gordon, didn't Organizations: New Castle News Locations: Georgia, America
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Just a 25-minute drive east from the city center is Gokarna Forest Resort, a five-star luxury retreat and golf course embedded within 470 acres of protected sanctuary jungle, sheltering a rich array of wildlife. Though a golf course had been present since 1999, the development saw it blossom into the undulating 6,755 yard, 18-hole setup that sits as the crown jewel of the resort today. “The uniqueness of the golf course is what really inspires me, and I have been to at least 200 or 250 golf courses around the world. It is commonplace to glimpse as many as 400 spotted and barking deer bounding across the course’s fairways on any given day, Acharya says. “That is a big challenge for the golf course and for me to maintain, because they run on the greens,” he said.
Persons: Deepak Acharya, Acharya, ” Acharya, , Gokarna, , greenkeepers, Kushe, Gokarneshwor, Prakash Mathema, Taleju Organizations: CNN, Beach, Leopards, Getty, Jagannath, Chandragiri Locations: Nepal, Kathmandu, tranquillity, Gokarna, AFP, , Everest
A vocational school student in China who wowed the public in June by finishing near the top in the preliminary round of a math contest was helped by her teacher in violation of the rules, the organizers said this week. An investigation found that the math teacher’s assistance broke a rule of “no discussion with others,” the Alibaba Global Mathematics Competition Organizing Committee said Sunday. For this, we express our sincere apologies,” the organizing committee said. The teacher, Wang Runqiu, also entered the contest and finished 125th in the preliminary round. Damo Academy, the contest organizer, didn’t respond to an email, and a call to the vocational school was unanswered on Tuesday.
Persons: Jiang Ping, Jack Ma, Wang Runqiu, Jiang, Wang, didn’t Organizations: Cambridge, MIT, Caltech, Jiangsu Lianjiang Vocational, Damo Academy Locations: China, China’s Jiangsu, Jiangsu
AdvertisementNot only is the presidency on the line for Donald Trump in the 2024 election, but so are his four criminal indictments. Here's what will happen with Trump's four criminal cases — two federal and two state — if he wins or loses this year's presidency. AdvertisementDonald Trump confers with hush-money defense lawyer Todd Blanche before New York Supreme Court Justice Juan Merchan. If reelected president, Trump could ask his attorney general to fire Smith. In July, the US Supreme Court issued a landmark opinion that provides presidents with broad protection from being prosecuted for their official acts.
Persons: Donald Trump, Trump, , Kamala Harris, Neama Rahmani, Todd Blanche, Juan Merchan, Jane Rosenberg, Stormy Daniels, he's, Michael Dorf, it's, Rahmani, Jack Smith, Jonathan Ernst, Smith, Dorf, Michel Paradis, Paradis, Steven Cheung, Crooked Joe, Witch Hunts, Dana Verkouteren, Citizen Trump, Aileen Cannon, Smith's, Fani Willis, John Bazemore, Willis, Nathan Wade, Wade Organizations: Trump, Service, Democratic, Business, New, Cornell Law, West, Trial, Reuters, Department, Columbia Law School, Justice Department, Witch, DOJ, Citizen, Supreme, White, Appeals, AP Locations: New, New York, Manhattan, York, Washington , DC, Fulton County, Georgia, Atlanta
CNN —Vice President Kamala Harris and former President Donald Trump have tied with three votes each in the tiny New Hampshire township of Dixville Notch, kicking off Election Day in one of the first places in the country to report its presidential preference. By tradition, all eligible voters gather at the now-dormant Balsams Hotel in Dixville Notch to cast their secret ballots once polls open at midnight. Once every ballot is cast, votes are tallied and results announced – hours before anywhere else, making it a destination for national reporters, who often outnumber the voters. In January, four registered Republican voters and two independents participated in the GOP primary, casting six unanimous votes for former South Carolina Gov. CNN’s Gary Tuchman, Eva McKend, Ethan Cohen, Molly English, Gregory Krieg and Eric Bradner contributed to this report.
Persons: Kamala Harris, Donald Trump, Les Otten, that’s, ” Otten, , haven’t, Aaron Sorkin’s “, , Joe Biden, Hillary Clinton, Gary Johnson, Nikki Haley, Harris, Trump, Sen, Kelly Ayotte, Joyce Craig, Chris Sununu, CNN’s Gary Tuchman, Eva McKend, Ethan Cohen, Molly English, Gregory Krieg, Eric Bradner Organizations: CNN, Democratic, Trump, GOP, South Carolina Gov, Republican, Republican Gov Locations: New Hampshire, Dixville, Canada, New, American, White, Manchester
SandboxAQ CEO on the firm's partnership with Sanofi
  + stars: | 2024-11-05 | 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 EmailSandboxAQ CEO on the firm's partnership with SanofiJack Hidary, CEO of SandboxAQ, says the firm's partnership with Sanofi aims to drive biomarker discovery in clinical development.
Persons: Sanofi Jack Hidary Organizations: Sanofi
Naomi Whitehead, 114, is the oldest living person in the US. She shared some of the lifestyle choices that she thinks have helped her live so long. Whitehead never expected to live so long, telling New Castle News in 2023: "I'll live as long as the Lord lets me." But average life expectancies are growing, alongside interest in how our lifestyles can help us live longer. Whitehead is now the oldest living person in the US after the previous titleholder died in October.
Persons: Naomi Whitehead, , Whitehead, Elizabeth Francis, centenarians, Bryan Johnson, Dan Whitehead, Paul's, Jack Gordon Organizations: Service, New, News, Pew Research, British, of Sports Medicine, Research, Harvard, Chan, of Public Health, World Health Organization, European, WHO, American Cancer Society Locations: Georgia, St, Toronto, Europe
CNN —Homeowners in France have discovered a skeleton in the attic of an outbuilding while undertaking renovation work. The body is thought to belong to the former occupant of the property, which is located in Erstroff in eastern France, who disappeared in 2009, according to a statement from the local prosecutor’s office published Monday. The remains were found in a small room immediately under the roof accessible only by a trapdoor that was “almost invisible,” according to the statement. The discovery is thought to be linked to the former owner, a man born in 1927, who disappeared in 2009. In December 2021, he was declared legally dead by a local court, the statement added.
Persons: CNN’s Caroline Baum Organizations: CNN, Homeowners, Strasbourg Institute, Forensic Medicine Locations: France, Erstroff
CNN —A rare letter signed by three of the founding fathers of the United States is going on sale, and is expected to fetch up to $1 million when it goes under the hammer next week. “An important expression of the emerging American policy of free trade, likely the only available example of any letter signed by all three of these Founding Fathers, the men most responsible for the Declaration of Independence,” said Bonhams in a listing on its website. Bidding starts at $550,000, and the letter is expected to fetch up to $1 million when it goes under the hammer on November 12. Objects and artifacts linked to the founding fathers often prove popular at auction, attracting astronomical bids. In 2017, manuscripts, personal letters and hundreds of other documents from founding father Alexander Hamilton’s desk sold for a total of $2.6 million at Sotheby’s in New York, according to the auction house.
Persons: John Adams, Benjamin Franklin, Thomas Jefferson, , Adams, Jefferson, Commerce ’, Alexander Hamilton’s, George Washington’s Organizations: CNN, America, Commerce, Congress Locations: United States, amity, Franklin, Amity, Independence, New York
Donald Trump megadonor Elon Musk's private jet has landed in Florida. AdvertisementElon Musk's private jet has landed in Florida, where the billionaire will reportedly watch the election results roll in with Donald Trump at Mar-a-Lago. After flying from Austin to Cameron County, Texas — where SpaceX is located and Musk said he voted — earlier this afternoon, Musk's private jet landed in West Palm Beach, according to jet-tracking service Jetspy. On Tuesday, The New York Times reported that Musk, a Trump megadonor, was to spend election night with Trump, citing three sources with knowledge of Musk's schedule. Sweeney told Business Insider that Musk's jets were easily identifiable because Musk's jet continued broadcasting its call sign.
Persons: Donald Trump megadonor, Donald Trump, , Musk, Trump, Elon Musk, Jack Sweeney, Sweeney Organizations: Donald Trump megadonor Elon, Mar, Trump, GOP, Service, Elon, SpaceX, The New York Times, Palm Beach Convention Center, Representatives, Musk, Business, PIA, Federal Aviation Administration, Republican Party, Musk's America PAC, PAC Locations: Florida, Austin, Cameron County , Texas, West Palm Beach, Palm Beach, Pennsylvania, New York City
Trump, who is running against Kamala Harris in 2024, has since become a convicted felon, survived an assassination attempt, and chosen a new running mate. Win McNamee/Getty ImagesTrump announced his 2024 presidential campaign in 2022 and formally accepted the nomination at the 2024 Republican National Convention in July. Pence did not endorse Trump in 2024. In 2023, Justice Department prosecutors charged Trump with 37 criminal counts, alleging he withheld classified records from the government after leaving office and attempted to obstruct their return. It went to trial in April, and Trump was found guilty on all counts in the first-ever criminal trial of a former American president.
Persons: Trump, Kamala Harris, Donald Trump, JD Vance, Win McNamee, Getty Images Trump, Pence, Ohio Sen, Jack Smith, Smith Organizations: Republican National Convention, Getty Images, Republican, Convention, Ohio, FBI, Trump's, White, Presidential, Justice Department, Trump, New, White House, Capitol Locations: Florida, New York, American, United States, Texas, Butler , Pennsylvania
CNN —Coldplay front man Chris Martin took a dramatic tumble during a show in Australia before emerging apparently unhurt from a hole in the stage. His fall appears to be broken by someone standing below the stage, and Martin soon returns to a standing position. Video Ad Feedback 'That's not planned': Coldplay's Chris Martin falls through hole in stage at Melbourne concert 00:36 - Source: CNN“That’s uh, not planned. Martin then continued with the show, which was the fourth and final gig in Melbourne as part of Coldplay’s Music of the Spheres world tour. The US pop star was running around the stage lit only by a spotlight when she suddenly plunged into a hole, appearing to catch herself using her arms.
Persons: Chris Martin, Martin, , Guy Berryman, we’ve, ” Coldplay, “ Guy, Olivia Rodrigo, Rod Laver Organizations: CNN, Coldplay, Marvel, Melbourne, Coldplay’s, Wembley, Rod Laver Arena Locations: Australia, Melbourne, Sydney, Auckland, New Zealand, London
Ukraine is facing a grim outlook along sectors of the front, especially in the east. AdvertisementRussia's grinding offensive operations have been gaining momentum in eastern Ukraine as challenges for the defenders mount. Ukraine's shocking invasion of Russia's Kursk region briefly took the focus off the fighting in the Donbas, but now Ukraine is losing ground both inside Russia and at home. Ukraine faces severe manpower shortages as its forces are stretched line across the front lines. Despite heavy losses, Russia has continued its momentum on Ukraine's eastern front.
Persons: Kyiv's, it's, , Ukrainian Armed Forces Oleksandr Syrskyi, YASUYOSHI CHIBA, Patrick Ryder, Michael Kofman, Jack Watling, Watling, Serhii Mykhalchuk, what's, Kofman, Trump, Mario Tama, Donald Trump, Kamala Harris, Harris, she'd, Ukraine's Organizations: Service, Ukrainian Armed Forces, Getty, Pentagon, Ukraine Russia's, Carnegie Endowment, International Peace, Royal United Services Institute, Foreign Affairs, Russian Defense Ministry Press Service, AP, Ukrainian National Security and Defense Council, Ukrainian Air Force, New York Times, Kyiv, Republicans Locations: Ukraine, Russia, Russia's Kursk, Donetsk, AFP, Kursk, Washington, Kyiv
CNN —Israeli police have arrested a top aide to Prime Minister Benjamin Netanyahu over allegedly leaking classified information to foreign media. Opposition leaders say the intelligence was “faked,” and part of a ruse to thwart a ceasefire and hostage deal in Gaza. Protesters in Tel Aviv call on Netanyahu to strike a deal to release hostages held in Gaza, in late October. The next day, Netanyahu held a news conference and presented an alleged Hamas document he said was found in a tunnel in Gaza. “This affair came out of the Prime Minister’s own office, and the investigation must examine if it wasn’t at the Prime Minister’s orders.”Dana Karni and Mike Schwartz contributed to this report.
Persons: Benjamin Netanyahu, , Netanyahu, Eliezer Feldstein, Feldstein, Yair Lapid, Jack Gue3z, ” Netanyahu, , Zwigenberg, Yair Netanyahu, Daniel Hagari, Sinwar, Bild, Yahya Sinwar, Gil Cohen, Benny Gantz –, Gantz, Lapid, ” Lapid, ” Dana Karni, Mike Schwartz Organizations: CNN, Minister’s, Protesters, Getty, Jewish Chronicle, Hamas, Magen, Israel Defense Forces Locations: Gaza, Tel Aviv, AFP, United Kingdom, Germany’s, Israel, Egypt, Sinai, Iran, Yemen, Philadelphi
How much and how fast is hard to know, but you can bet your bottom dollar you’ll be needing more dollars to pay for everyday goods if Trump’s sweeping tariffs are put in place. “If we get tariffs, we will pass those tariff costs back to the consumer,” said Philip Daniele, CEO of AutoZone, on an earnings call in September. But several studies conclude that the cost of those tariffs were borne almost entirely by American consumers and businesses. The most generous interpretation of Trump’s tariff plan would be that he’s trying to force US businesses to move their overseas operations back on US soil, creating jobs. Even if tariffs could undo decades of globalization, it likely wouldn’t have the effect Trump is hoping for.
Persons: , Philip Daniele, AutoZone, Daniele, it’s, we’ve, he’s, Trump, Timothy Boyle, Boyle, we’re, It’s Organizations: New, New York CNN, US Treasury, Peterson Institute for International Economics, Columbia, Washington Post, Trump, Associated Press, AP, Trump -, Walmart, Target, aren’t Locations: New York, China, Beijing, United States
Vice President Kamala Harris and former President Donald Trump are making their closing arguments to voters in battleground states during the final two days before Election Day. Trump was in Pennsylvania earlier today, is rallying in North Carolina this afternoon, and will stop in Georgia this evening. Harris is focusing her day in Michigan, with a series of stops in the Detroit area before a rally in East Lansing. Harris:• The vice president made her first stop in Detroit where she addressed the congregation at Greater Emmanuel Institutional Church of God in Christ. • Later, Harris confirmed to reporters that she has cast her mail-in ballot in the 2024 election, sending it to California, where she is registered.
Persons: Kamala Harris, Donald Trump, Trump, Harris, Here’s what’s, shouldn’t, , ” • Trump, Robert F, Kennedy Jr, ” Trump, Kennedy, ” Harris, • Harris Organizations: Trump, Des Moines Register, NBC News, Greater Emmanuel Institutional Church of God, Arab, voters, Biden Locations: Pennsylvania, North Carolina, Georgia, Michigan, Detroit, East Lansing, Lititz , Pennsylvania, Iowa, California, Gaza, Pontiac
CNN —Robert “Boo Lee” Williams was still seething days after a popular basketball coach and two assistant principals at Houston’s first two historically Black high schools were arrested in an alleged teacher certification scheme. “In fact, when he was caught red-handed in February of 2024 he was logged into one test,” Levine said. A pattern of long drives helps unravel schemeHarris County District Attorney Kim Ogg, left, and felony chief prosecutor Mike Levine announce arrests in teacher certification scheme. They then drove sometimes four or more hours to the Houston area and suddenly they were passing the test,” Levine said. “This ain’t just a Black school in Houston.
Persons: Robert “ Boo Lee ” Williams, , Williams, Jack Yates, … I’m, Kim Ogg, , Vincent Grayson, Booker T, Nicholas Newton, LaShonda Roberts, Yates, Ogg, ” Ogg, Tywana Gilford Mason, Gilford Mason, Grayson, Black, Cheryl Irvin, Irwin, It’s, Mike Levine, ” Levine, Levine, Newton, Feroz Merchant, Roberts ’, Brandon Leonard, we’ve, Roberts, Kirk Sides, Texas Education Agency “, Alexandra Elizondo, ” Elizondo, Houston Jon Shapley, Pearson VUE, ” Pearson, Allison Bazin, “ They’re, Jackie Anderson, KHOU, ” Williams, Roland Martin, Phylicia Rashad, Debbie Allen, Vincent Grayson’s Organizations: CNN, Jack Yates Senior High School, Houston Independent School District, Washington High, Prosecutors, Wilhite, HISD, Booker, Washington, Tuskegee Institute, KHOU, Houston Chronicle, Texas Education Agency, Investigators, Washington High School, State, , Houston Federation of Teachers, Yates, Locations: Ward, Texas, , ” Harris County, Harris County, Harris, Houston, , Dallas
The Trump campaign and surrogates began filing lawsuits the very same day, challenging the results on a variety of grounds well before the final votes were counted. In Arizona, voters and the Trump campaign filed a lawsuit alleging thousands of people in Maricopa County had their ballots disqualified because of ink-bleed caused by Sharpies. In Wisconsin, Trump filed a lawsuit alleging widespread voter fraud and demanding a recount, which ultimately reaffirmed Joe Biden’s victory in the state. Giuliani has been disbarred in New York and D.C., indicted in Georgia and Arizona and has been ordered to turn over his Manhattan apartment and other property to two Georgia election workers he defamed. And dozens of ethics complaints against local attorneys who filed election challenges are still pending nationwide.
Persons: WASHINGTON —, Donald Trump, Trump, surrogates, Joe Biden’s, Biden, Rudy Giuliani, Sidney Powell, Jenna Ellis, ” Giuliani, ” Powell, Powell’s, Jack, hadn’t, , Clarence Thomas, Samuel Alito, ” Thomas, , Giuliani, Powell, Ellis Organizations: WASHINGTON, Republican, Trump, Electoral, U.S, Supreme, White, Sharpies, Clark, Biden, Washington , D.C Locations: Michigan, Georgia, Pennsylvania, In Arizona, Maricopa County, In Nevada, Clark County, Wisconsin, enjoining, Washington ,, Philadelphia, Venezuela, Cuba, China, United States, Texas, Arizona , Georgia, New York, Arizona, Manhattan
DisneyIt's time for Disney parks to swap pumpkins for poinsettias. In the thick of its busiest season, Disney's domestic theme parks have already begun to transition from Halloween decorations to Christmas colors. About two weeks before Halloween, Disney's crew begins installing "inconspicuous" elements for the holiday season, such as lighting rigs. Festive food options arrive just in time for the holidays at Disney's theme parks. At the Walt Disney World resort, Mickey's Very Merry Christmas Party launches Nov. 8 and Jollywood Nights start Nov. 9.
Persons: Ken Potrock, Mickey, Mickey's, Gavin Doyle, Doyle, , Jack Skellington, Santa Claus Organizations: Disney, Disneyland Resort, Walt Disney, Christmas Party Locations: Orlando , Florida, Anaheim , California, Florida, California, It's, Santa
#WorldSeries pic.twitter.com/FZhhp1VB29 — Los Angeles Dodgers (@Dodgers) October 31, 2024Afterwards, a ticketed event will take place at Dodger Stadium at 12:15 p.m. PDT (3:15 p.m. The legendary Dodgers pitcher died last month and was honored with a uniform patch displaying his name and number during the World Series. The Los Angeles Dodgers celebrate after they defeated the New York Yankees to win the World Series on Wednesday, October 30. Luke Hales/Getty Images Dodgers first baseman Freddie Freeman was named World Series MVP. Frank Franklin II/AP The Dodgers run onto the field after the final pitch Wednesday.
Persons: CNN — “, , Dave Roberts, Karen Bass, Fernando Valenzuela’s, Ashley Landis, Luke Hales, Freddie Freeman, Enrique Hernández, Sarah Stier, Frank Franklin II, Al Bello, Walker Buehler, Alex Verdugo, Buehler, Dustin Satloff, Gerrit Cole, Anthony Rizzo, Cole, Elsa, Mookie Betts, Betts, Freeman, Teoscar Hernández, Anthony Volpe, Aaron Judge, Wally Skalij, Jack Flaherty, Brad Penner, Chisholm, Mary DeCicco, Mike Lawrence, Brent Honeywell, Gleyber Torres, Volpe, Rizzo, Seth Wenig, Giancarlo Stanton, Will Smith, Daniel Shirey, Stanton, Alex Slitz, Maddie Meyer, Smith, Alex Vesia, Harry, Michael Kopech, Jayne Kamin, Yoshinobu Yamamoto, Yamamoto, Julio Cortez, Juan Soto, Tommy Edman, Rob Tringali, Carlos Rodón, — Kirk Gibson’s, Gibson, Steph Chambers, Nestor Cortes, Mark J, Terrill, Brusdar Graterol, Flaherty, Fernando Valenzuela, Valenzuela, Gina Ferazzi, Brad Paisley, ” Freeman, , I’m Organizations: CNN, Los Angeles Dodgers, Yankee, City, , Dodger, Dodgers, Houston Astros, Washington Nationals, Astros, Texas Rangers, Arizona Diamondbacks, New York Yankees, AP, Getty, Yankees, New, North Dodgers, Los Angeles Times, Reuters, MLB, North, The Dodgers, USA, Sports, Ohtani, ESPN Locations: Los Angeles, New York, North America
CNN —One year after bringing historic indictments against former President Donald Trump, the prosecutors left in special counsel Jack Smith’s office are gaming out legal options and bracing for retribution if Trump returns to the White House. In the event that Trump wins, staffers detailed to the special counsel’s office would have the option to go back to their home divisions within the Justice Department. But former prosecutors on the Trump case could face a difficult workplace, once Trump’s appointees are running the department. If Vice President Kamala Harris wins, the choices for the department and the special counsel’s office may be much simpler. “Just think of the chaos of it all – that, he [Trump] would love,” one of the former Justice Department officials said.
Persons: Donald Trump, Jack Smith’s, Trump, Smith, , “ He’s, I’m, Aileen Cannon’s, Smith didn’t, Cannon, David Raskin, Matt Olsen, , Smith’s, Kamala Harris, General Merrick Garland, Tanya Chutkan, Chutkan, CNN’s Evan Perez Organizations: CNN, Justice, Justice Department’s, Trump, Justice Department, Trump’s, Smith’s, Democratic, Department, DOJ, Prosecutors Locations: Florida, Washington
Elon Musk's ownership has shifted X's political stance, affecting Democratic ad spending. X switched political ads back on last year as it looked to recoup lost revenue after a brand exodus. AdvertisementWhile some Democratic political advertisers — including Kamala Harris' presidential campaign — have stopped spending on X altogether, a small number are holding firm. It ceased taking political advertising in 2019 under former CEO Jack Dorsey; Musk reversed that decision last year. The research firm EMARKETER predicted that political ad spending in the US will top $12 billion this year.
Persons: X, , Kamala Harris, Elon Musk, revved, hasn't, Colin Allred, Sen, Ted Cruz, Jon Tester, Tim Sheehy, — Jon Tester, it's, Harris, Linda Yaccarino, Tyler Goldberg, Mike Nellis, Nellis, I've, Matthew Madrazo, Jonathan Phelps, X's, Ned Segal, Jack Dorsey, Musk, Elon, Mark Jablonowski, Andy Kiersz Organizations: Elon, Democratic, Service, Twitter, Trump, Texas Senate, Montana, Solutions, Republican, Fox News, Democrats, Nellis, Media, X, Financial Times, Meta, Google Locations: Texas, Montana, Washington ,
Coterra Energy Why we own it: Formed by the merger of Cabot Oil & Gas and Cimarex, Coterra Energy is an exploration-and-production company with a high-quality, diversified asset portfolio. It's committed to returning 50% or greater of annual free cash flow to shareholders. However, shares are moving lower Friday after management cut its discretionary cash flow outlook for the remainder of the year. So far this year, Coterra has returned 100% of its free cash flow to shareholders. As a reminder, management's stated commitment is to return 50% or more of annual free cash flow via dividends and buybacks.
Persons: , It's, Coterra, management's, We're, Daniel Guffey, Jim Cramer's, Jim Cramer, Jim, Brandon Bell Organizations: Coterra Energy, LSEG, Coterra, Cabot Oil & Gas, EQT Corp, Devon Energy, Oil, CNBC, Getty Locations: Nolan , Texas
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