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☆ Eli Lilly shares jump on two big updates and Jim Cramer is so here for it
▼ + stars: | 2024-11-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Eli Lilly shares soared Tuesday on a one-two punch of good news. The second positive development for Eli Lilly comes from Amgen , which reported mid-stage trial results for its experimental obesity treatment known as MariTide. Big picture The prospect of across-the-board coverage of obesity drugs for Medicare and Medicaid enrollees would be a financial win for Eli Lilly, particularly on the Medicare front. For its part, Eli Lilly has said regulators could expand Zepbound's label to cover obstructive sleep apnea by year-end. An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024.

Persons: Eli Lilly, Jim Cramer, Biden, Lilly, didn't, Wegovy, Zepbound, Biden administration's, Donald Trump, Wells, Robert F, Kennedy Jr, Trump, Kennedy —, Kennedy, Novo, Leerink, Eli Lilly's tirzepatide, Piper Sandler, tirzepatide, Piper, Jim, Amgen's, retatrutide, Jim Cramer's, Shelby Knowles Organizations: Novo Nordisk, Medicaid, NBC News, White, Medicare, Centers, Services, STOP, Alliance, Wells Fargo, of Health, Human Services, Food and Drug Administration, Senate, Biden, Club, CNBC, Bloomberg, Getty Locations: New York, Texas, Amgen, Lilly, Brooklyn

☆ Zoom abandons its video-based identity, rebranding as an AI-first company
▼ + stars: | 2024-11-26 | by ( Katherine Tangalakis-Lippert | Aditi Bharade | ) www.businessinsider.com time to read: +3 min

AdvertisementZoom Video Communications Inc. is dropping video from its name in an AI-first rebranding effort. The company, best known for its videoconferencing, will now be known as "Zoom Communications Inc."Zoom isn't the only company revisiting its trajectory in the AI boom. Zoom — the company best known for bringing the world the videoconferencing software that got corporate workers through the coronavirus pandemic — wants to be known for its status as an AI-first company, CEO Eric Yuan wrote in a company blog post published Monday announcing a major rebrand. From this day forward, the company formerly called "Zoom Video Communications Inc." will be known simply as "Zoom Communications Inc." the post reads, as the company focuses on an AI-first approach to corporate communications. "Woven throughout Zoom Workplace, AI Companion frees us up to focus on more important work and minimizes time wasted on less meaningful tasks," the company announced.

Persons: Eric Yuan, Morgan Stanley, OpenAI, Sundar Pichai, Pichai, Marc Benioff, Gartner, Copilot Organizations: Communications, Communications Inc, Major Big Tech, Google, Microsoft, Securities, Exchange, OpenAI, SEC, Business Locations: Amazon, OpenAI

☆ Renters struggle to build wealth, report finds. Here’s how they can boost financial wellbeing
▼ + stars: | 2024-11-26 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

In 2022, the typical renter in the U.S. had a median net worth of $10,400, according to a new report by the Aspen Institute. Renters generally go through financial challenges like lower income, higher debt, fewer savings balances and lower rates of asset ownership, the report noted. Across income levels, renters are less likely than homeowners to own assets including cars, retirement accounts and securities, among others, the report found. Here are some of the financial challenges renter households face by income, according to the Aspen Institute, and ways they can build wealth. watch nowA hypothetical family in this category "first needs financial stability to meet the precondition for wealth building," the Aspen report notes.

Persons: That's, Janneke Ratcliffe, Ratcliffe, Clifford Cornell, Cornell, Shaun Williams, Williams Organizations: Aspen Institute, Finance, Urban Institute, Paragon Capital Management Locations: U.S, Washington ,, New York City, Denver

☆ I tried 8 different types of store-bought biscuits, and the best melted in my mouth
▼ + stars: | 2024-11-26 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

Last Thanksgiving, I tried eight different biscuit mixes and doughs to see which was the tastiest. The original Pillsbury Biscuits and the Red Lobster Cheddar Bay Biscuits came out on top. In time for the holidays last year, I tried Annie's Organic Flaky Biscuits, Red Lobster Cheddar Bay Biscuits, Trader Joe's Organic Biscuits, Immaculate Organic Biscuits, Happy Belly Jumbo Buttermilk Biscuits, and three different kinds from Pillsbury: its Original Flaky Layers, Grands! Southern Homestyle Southern Recipe, and Grands! Southern Homestyle Butter Tastin'.

Persons: Kit Kats Organizations: Pillsbury Biscuits, Biscuits, Immaculate Organic, Pillsbury, Amazon Fresh

☆ Fed officials see interest rate cuts ahead, but only 'gradually,' meeting minutes show
▼ + stars: | 2024-11-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace, according to minutes from the November meeting released Tuesday. In addition, they expressed uncertainty over where the rate cuts would need to stop before the Fed hit a "neutral" interest rate that neither boosts nor restrains growth. Conflicting signals on inflation and the uncertainty over Trump's policies have caused traders to scale back their outlook for interest rate cuts ahead. Officials indicated that the state of the labor market is generally solid. "Participants generally noted … that there was no sign of rapid deterioration in labor market conditions, with layoffs remaining low," the minutes said.

Persons: FOMC, Donald Trump's Organizations: Federal, Market, stoke, Republican, Fed

☆ Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.
▼ + stars: | 2024-11-26 | by ( Maureen Farrell | ) www.nytimes.com time to read: +1 min

Three decades before he was tapped to lead the Treasury Department, Scott Bessent was asked to help break another country’s financial system. Then 29 years old, Mr. Bessent, working for the financier George Soros, helped “break” the Bank of England with crushing trades against the British pound. He was on a small team at Mr. Soros’s investment firm that, in 1992, amassed a $10 billion bet that the pound was overvalued. Mr. Soros’s fund earned more than $1 billion, along with credit (and infamy) for orchestrating one of Wall Street’s most audacious trades. When President-elect Donald J. Trump announced his selection of Mr. Bessent as Treasury secretary last week, there was no mention of the connection to Mr. Soros.

Persons: Scott Bessent, Bessent, George Soros, Donald J, Trump, Soros Organizations: Treasury Department, Bank of England, Mr Locations: British

☆ Why are planes so jammed? Airlines want it that way so they can charge more
▼ + stars: | 2024-11-26 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

A record 31 million passengers are expected to fly US airlines over the course of this week, according to Airlines for America, the industry trade group. And while many airlines have increased the available number of flights and seats, those capacity increases have not kept pace with demand. With some of the busiest months yet to come, a new record for the percentage of seats airlines’ filled is within reach. Airlines are signaling prices will probably go higher as some of the lower-fare airlines struggled with ongoing losses and sharply reduced their capacity. But critics of the airlines say troubles at the lower fare airlines aren’t solely to blame for higher fares.

Persons: it’s, Fuller, —, ”, Scott Keyes, Andrew Nocella, “ We’ve, Scott Kirby, William McGee, It’s, ” McGee, “ Organizations: New, New York CNN, Airlines for America, Spirit Airlines, Southwest Airlines, JetBlue Airways, Spirit, JetBlue, Frontier, American Economic Liberties Locations: New York, Cirium, Southwest, Delta, United States, United

☆ Russia expels British diplomat for alleged espionage
▼ + stars: | 2024-11-26 | by ( Lauren Kent | ) edition.cnn.com time to read: +2 min

London CNN —Russia expelled a British diplomat who worked at the embassy in Moscow Tuesday, accusing him of spying, marking the latest blow to the two countries’ worsening diplomatic relations. Russia’s Federal Security Service (FSB) alleged that the British diplomat intentionally provided false information to enter the country as a cover for espionage work, “thereby violating Russian law,” according to state media TASS. The Russian Foreign Ministry subsequently revoked the diplomat’s diplomatic accreditation and ordered him to leave Russia within two weeks, TASS reported. Russia’s FSB claimed the diplomat was sent to Moscow to “replace” one of six alleged British intelligence officers that Russia expelled this summer. Meanwhile, Russia launched a “record” 188 drone attacks on Ukraine overnight, according to the Ukrainian Air Force on Tuesday.

Persons: “, Vladimir Putin, Clare Sebastian, Maria Kostenko Organizations: London CNN —, Federal Security Service, Russian Federation, ” TASS, Russian Foreign Ministry, TASS, CNN, British Foreign Office, FSB, Reuters, Ukrainian Air Force, Air Force Locations: London CNN — Russia, British, Moscow, Russian, Russia, Britain, Ukraine, Western, Ukrainian, Ternopil, Kyiv

☆ Why an 18-year-old UN resolution is critical to ending the Lebanon-Israel war
▼ + stars: | 2024-11-26 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +8 min

CNN —With a Hezbollah-Israel ceasefire on the horizon, an 18-year-old United Nations resolution has resurfaced as a blueprint for ending the war. The 60-day cessation of hostilities aims to implement UN Security Council Resolution 1701, with the hope that it could form the basis of a lasting truce. Resolution 1701 was adopted to end a 34-day war between Israel and Lebanon in 2006, and had kept relative calm in the area for nearly two decades. Here’s what we know about the resolution and why it is critical to a ceasefire between Israel and Lebanon. In 2000, the UN established the so-called Blue Line, a “line of withdrawal” for Israeli forces from Lebanon.

Persons: Benjamin Netanyahu’s, Israel, United States –, State Condoleezza Rice, Cesar Mayoral, Stephen Chernin, “, ”, Rabih Daher, Chris McGrath, Bezalel Smotrich, Najib Mikati, Nabih Berri, Amal, Matthew Miller Organizations: CNN, Nations, UN, Lebanese, United, UN Interim Force, State, UNIFIL, Hamas, Getty Locations: Israel, Lebanon, United States, Beirut, Palestinian, Iran, Syria, ”, New York City, Gaza, Lebanese, Marjeyoun, AFP, Aadaysit, Kafarkila

☆ Mark Zuckerberg teases default Threads feeds as X users flock to rival Bluesky
▼ + stars: | 2024-11-26 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

AdvertisementThreads is letting users choose a default feed, Mark Zuckerberg has said. Meta's move to compete with Bluesky's growth follows a wave of users leaving Elon Musk's X. With its recent rapid growth, Bluesky faces fresh challenges, including content moderation. Threads is stepping up its game by giving users the power to pick their default feed as it battles to keep pace with Bluesky's explosive growth. Droves of X users recently left the platform because of concerns over hate speech and misinformation.

Persons: Mark Zuckerberg, Meta's, Elon Musk's, Rose Wang, Platformer's Casey Newton, Bluesky, Aaron Rodericks, Adam Mosseri, Mosseri, Instagram, It's, Meta didn't Organizations: Elon Musk's, Elon, Bluesky, Meta, Business

☆ 32-year-old American in Denmark, one of the world’s happiest countries: The No. 1 thing I’ve learned about building a rich life
▼ + stars: | 2024-11-26 | by ( Chloé Skye Weiser | In Chloe-Skye | ) www.cnbc.com time to read: +6 min

Courtesy of Chloé Skye WeiserLater, the Covid lockdowns added more difficulty to the mix. By attending a mix of events, some geared to internationals and others to Danes, I've found community, felt a sense of belonging, and grown as a person. Courtesy of Chloé Skye WeiserConnecting with visitors gives me the opportunity to practice my Danish. Courtesy of Chloé Skye WeiserThis sense of camaraderie serves as a bridge to further conversation. Courtesy of Chloé Skye WeiserWe celebrate each other's performances and sometimes meet outside of karaoke to practice duets.

Persons: It's, Danes, I've, Skye Weiser, I'm, Rikke, She's, Rikke's, Bouldering, Pernille Organizations: Palestine, Danes, Cafe, Denmark, Ungdomshuset Odense, Ungdomshuset Locations: Denmark, Czechia, Czech, Odense, Danish, Funen, New York, Israel, Cafe Odense, Skye Weiser, Ungdomshuset Odense

☆ A region outside China may be the biggest loser of Trump's tariffs: Investment manager
▼ + stars: | 2024-11-26 | 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 EmailA region outside China may be the biggest loser of Trump's tariffs: Investment managerJack Dwyer of Infusive shares his views on the impact of U.S. President-elect Donald Trump's proposed policies, adding that there are contrasting inflationary and disinflationary forces at play in the economy.

Persons: Jack Dwyer, Infusive, Donald Trump's Locations: China

☆ Escaping Trump’s tariffs has required navigating a ‘broken’ system vulnerable to corruption, businesses and academics say
▼ + stars: | 2024-11-26 | by ( Matt Egan | ) edition.cnn.com time to read: +10 min

And it underscores frustrations with a tariff exclusion process launched during the first Trump administration that is often described as murky and messy. It’s not clear how or when those higher China tariffs will take effect – nor whether businesses will again have the opportunity to apply for exclusions. But what is clear is that the USTR’s tariff exclusion process during the first Trump administration raised significant concerns in Corporate America. The Trump transition did not provide details on what a tariff exclusion process will look like in the new administration. The researchers did not study tariff exclusions under the Biden administration.

Persons: Bobby Djavaheri, Djavaheri, ” Djavaheri, ”, Tom Madrecki, General Mills, Molson, Donald Trump, It’s, Trump, Brian Hughes, Vance, ” Hughes, USTR, “, ” Relatedly, Jesus Salas, ” Salas, Salas, –, “ It’s, Biden, Sam Michel, Michel, Veljko Fotak, hasn’t, ” Fotak, David French, ” Madrecki, “ We’re Organizations: New, New York CNN, Trump, United States Trade Representative, Consumer Brands Association, Molson Coors, Corporate America, Lawmakers, CNN, Commerce, Companies, Republican, Financial, Democratic, Lehigh University, SUNY Buffalo, Biden, National Retail Federation Locations: New York, China, Trump

☆ Wall Street is bullish on sports investing as major leagues' values outpace the S&P 500 by up to 5 times. Here's the strategy and sectors top firms are betting on.
▼ + stars: | 2024-11-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

AdvertisementFormula 1 kicked off the trend in 2006 after allowing private equity firm CVC Capital Partners to purchase it. Then, in 2021, the NBA allowed private equity to own up to 20% of franchises. For example, the value of Major League Soccer (MLS) was up by 1,565%, or almost five times the index. "You've seen many large private equity firms participating in that space over the past five years or longer, and that certainly has seen significant valuation growth. Below is a table from JPMorgan's 2025 outlook report showing private equity funds planned investment themes.

Persons: David Tepper, Steve Cohen, Jay Serpe, Ted Yarbrough, Serpe, You've, JP Morgan, Yarbrough Organizations: Sports, Carolina Panthers, New York Mets, Capital Partners, NBA, JPMorgan Private Bank, Major League Soccer

☆ Israeli Ministers Plan to Vote on Truce With Hezbollah
▼ + stars: | 2024-11-26 | by ( Patrick Kingsley | More About Patrick Kingsley | ) www.nytimes.com time to read: +1 min

Prime Minister Benjamin Netanyahu of Israel was expected to meet on Tuesday afternoon with senior cabinet ministers to decide whether to approve a cease-fire with Hezbollah, potentially setting the stage for an end to Israel’s 13-month war with the Lebanese militia. The proposal, mediated by American and French diplomats, would start a 60-day process during which both sides would stop fighting and withdraw from southern Lebanon. Israeli forces would return south of the Israel-Lebanon border, while Hezbollah would retreat north of the Litani River, allowing the Lebanese Army — which is not a party to the Israel-Hezbollah conflict — to fill the vacuum. But many questions about the proposal remain unanswered, including how the Lebanese Army would exert authority over the powerful militia. Israel has sought guarantees from the United States that it would have U.S. support to send troops back into southern Lebanon if Hezbollah violated the arrangement.

Persons: Benjamin Netanyahu, Israel Organizations: Lebanese Army Locations: Tel Aviv, Lebanon, Israel, United States

☆ Mette Lykke Helps Keep Food Out of the Trash in 19 Countries
▼ + stars: | 2024-11-26 | by ( Shivani Vora | ) www.nytimes.com time to read: +1 min

This article is part of a Women and Leadership special report highlighting the work by women around the world addressing climate change. Its partners include Whole Foods Market, Starbucks and ALDI supermarkets; small and family-owned businesses are also part of the mix. Ms. Lykke, 43, grew up in rural Denmark with parents who taught her to waste as little as possible. At the time, Ms. Lykke worked in technology start-ups. She became an investor, and the founders, knowing of her success developing a fitness app, Endomondo, and her commitment to their cause, chose her to lead the company as chief executive in 2017.

Persons: Mette Lykke’s, Lykke Organizations: ”, Whole Foods, ALDI Locations: Copenhagen, Denmark

☆ Chart of the Day: Amgen
▼ + stars: | 2024-11-26 | 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 EmailChart of the Day: AmgenAmgen on pace for its worst day since October of 2000. It's our Chart of the Day. The Investment Committee debate the stock and discuss their biotech strategy.

☆ Disney agrees to pay $43 million to settle lawsuit alleging it paid men more than women
▼ + stars: | 2024-11-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Disney has agreed to pay $43 million to settle a lawsuit that it paid female employees less than their male counterparts in similar roles for nearly a decade. The settlement agreement, reached Monday, stems from a 2019 lawsuit filed by LaRonda Rasmussen. “I strongly commend Ms. Rasmussen and the women who brought this discrimination suit against Disney, one of the largest entertainment companies in the world. They risked their careers to raise pay disparity at Disney,” Lori Andrus, a partner at Andrus Anderson, said in a statement. The plaintiffs accused Disney of paying female employees less than their male counterparts when they started at the company because their pay was lower at previous companies.

Persons: New York CNN —, LaRonda Rasmussen, ”, “, Rasmussen, ” Lori Andrus, Andrus Anderson, Disney Organizations: New, New York CNN, New York CNN — Disney, Disney, CNN, Wall Street Journal Locations: New York, California

☆ DHL plane crash: German leaders float sabotage questions
▼ + stars: | 2024-11-26 | by ( Rob Picheta | ) edition.cnn.com time to read: +5 min

CNN —German leaders raised the possibility that a fiery cargo plane crash in Lithuania on Monday was the result of sabotage or hybrid warfare. The cargo plane was flying from Leipzig, Germany, and was due to land at Vilnius Airport when it crashed a few kilometers from the runway. The plane skidded on the ground for several hundred meters before hitting a residential home, authorities in Lithuania said. “Our initial information does not indicate that we need to be investigating more serious actions,” Prosecutor Arturas Urbelis said in a statement, according to Reuters. DHL said the plane “made a forced landing about one kilometer from VNO Airport.” It confirmed four people were onboard.

Persons: Olaf Scholz, ” Scholz, Annalena Baerbock, Arturas Urbelis, ”, Lukas Balandis, Darius Jauniskis, “, ” Kestutis Budrys, Gitanas Nauseda, Hendrik Schmidt, ” Budrys, Dmitry Peskov, Valdas Benkunskas, Arūnas Paulauskas Organizations: CNN, Monday, Vilnius Airport, ZDF, Lithuanian, ”, Reuters, US National Transportation Safety, Boeing, US Federal Aviation Administration, Vilnius International, Wall Street Journal, Moscow, NATO, DHL, Wall Street, VNO Airport, ” DHL, Vilnius, Lithuanian Police Locations: Lithuania, Leipzig, Germany, Spanish, Europe, Vilnius, United Kingdom, Canada, Leipzig's, Birmingham, UK

☆ Opinion | Angela Merkel Isn’t Ready to Say Sorry
▼ + stars: | 2024-11-26 | by ( Melanie Amann | ) www.nytimes.com time to read: +1 min

On page 273 of her memoir, Angela Merkel admits she made a mistake. In a 2003 guest essay for The Washington Post, she attacked him for criticizing the impending American invasion of Iraq: “Schröder doesn’t speak for all Germans,” the headline ran. Strangely, the mistake Ms. Merkel acknowledges is not her support for the Iraq war, even though she now thinks the invasion was wrong. After three years away, Ms. Merkel is stepping back onto the world stage. But she isn’t ready to say “sorry.”

Persons: Angela Merkel, Ms, Merkel, Chancellor Gerhard Schröder, ”, “, Merkel’s Organizations: The Washington Post Locations: Iraq

☆ 'Pirates of the Caribbean' was one of the biggest franchises of the '00s. Kiera Knightley said the films were the 'making and breaking' of her.
▼ + stars: | 2024-11-26 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

AdvertisementKiera Knightley played Elizabeth Swann in the "Pirates of the Caribbean" franchise. Knightley said the films were the reason she "was taken down publicly." Kiera Knightley said that the "Pirates of the Caribbean" franchise made her career, but it was also the reason that she "was taken down publicly." Knightley said she wouldn't appear in another major franchise following her experience with "Pirates of the Caribbean." It's years of your life, you have no control over where you're filming, how long you're filming, what you're filming."

Persons: Kiera Knightley, Elizabeth Swann, Knightley, Orlando Bloom, Johnny Depp, TheNumbers.com, Oscar, " Knightley, Bloom, Will Turner, hadn't, Legolas, Ridley Scott Organizations: Pirates, Disney, Stranger Tides, The Times, Hollywood Locations: Caribbean, London, Kingdom, Antarctica

☆ Fully expect tariffs to be 'front and center' of the Trump playbook for next 4 years: Mick Mulvaney
▼ + stars: | 2024-11-26 | 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 EmailFully expect tariffs to be 'front and center' of the Trump playbook for next 4 years: Mick MulvaneyMick Mulvaney, Actum Strategic Advisors co-chair and former White House chief of staff, joins 'Squawk Box' to discuss Sen. Joni Ernst's proposal to eliminate more than a trillion dollars in federal spending, President-elect Trump's tariff proposals, cabinet selection, and more.

Persons: Mick Mulvaney Mick Mulvaney, Sen, Joni Ernst's Organizations: Trump, Actum, Advisors, White House

☆ Trump’s tariff threats signal the start of a wild ride in currency markets, Goldman strategist says
▼ + stars: | 2024-11-26 | 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 EmailTrump’s tariff threats signal the start of a wild ride in currency markets, Goldman strategist saysKamakshya Trivedi, head of global foreign exchange, interest rates and emerging markets strategy research at Goldman Sachs, discusses the outlook for currency markets after President-elect Donald Trump pledges to implement tariffs on Mexico, Canada and China.

Persons: Goldman, Kamakshya Trivedi, Goldman Sachs, Donald Trump Locations: Mexico, Canada, China

☆ Biden administration plans to expand coverage of GLP-1 drugs for Americans with Medicare & Medicaid
▼ + stars: | 2024-11-26 | 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 EmailBiden administration plans to expand coverage of GLP-1 drugs for Americans with Medicare & MedicaidCNBC's Bertha Coombs joins 'Squawk on the Street' to report on Biden's administration plan to expand coverage of GLP-1 drugs for Americans with Medicare and Medicaid.

Persons: Bertha Coombs Organizations: Biden, Medicare

Federal authorities have opened a corruption investigation into a Queens pastor and a political action committee he formed to support Mayor Eric Adams, according to people with knowledge of the inquiry. The precise outlines and scope of the investigation are unclear, but federal prosecutors in Brooklyn and the F.B.I. are focused at least in part on the conduct of the pastor, the Rev. Alfred Cockfield II, and the finances of his political action committee, Striving for a Better New York, according to people with knowledge of the matter. agents searched the Far Rockaway home of Mr. Cockfield, who formed the committee three years ago to support Mr. Adams and his policies.

Persons: Eric Adams, Alfred Cockfield II, Cockfield, Adams Organizations: City Locations: Queens, New York City, Brooklyn, York

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