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CNN —As thousands of people remain unable to leave the Burning Man festival in the Nevada desert after heavy rains inundated their campsites with ankle-deep mud Saturday, authorities say they are investigating a death at the event. Vehicles trying to drive out will get stuck in the mud, Burning Man organizers said Saturday. Dawn brought muddy realization to the Burning Man encampment, where the exit gates remain closed indefinitely because driving is virtually impossible. A rainbow appears at Burning Man in Black Rock Desert, Nevada, on September 2, 2023. “Burning Man is a community of people who are prepared to support one another,” Burning Man said on its website.

Persons: “, Trevor Hughes, Dawn, Hannah Burhorn, ” Burhorn, It’s, Sean Burke, Amar Singh Duggal, Andrew Hyde “, Duggal, Burhorn, ”, Andrew Hyde, Gerlach Organizations: CNN, Land Management, Reno Gazette, Sheriff’s, ” Authorities, Authorities, USA, ”, Vehicles, “, Resources Locations: Nevada, Pershing, Black Rock, Rock, BRC, Reno, San Francisco, , Nevada

☆ Wall Street Moguls Win Important Backer in Their Fight Over Hedge Fund Sale
▼ + stars: | 2023-08-31 | by ( Lauren Hirsch | More About Lauren Hirsch | ) www.nytimes.com time to read: +1 min

A coterie of high-profile investors, including Bill Ackman of Pershing Square, Boaz Weinstein of Saba Capital Management and Marc Lasry of Avenue Capital Group, is pushing to buy Sculptor Capital, the successor to the storied hedge fund Och-Ziff — even though the fund has already agreed to sell itself to another investment firm. On Thursday, they gained an important supporter. That deal would value the firm’s class A shares at $11.15, around 18 percent more than they were worth the day it was announced. But shares of the hedge fund have fallen significantly over a longer period, dropping 60 percent over the past two years. The consortium’s most recent offer for Sculptor, disclosed on Wednesday, would value it at about $12.76 for each of its class A shares.

Persons: Bill Ackman, Boaz Weinstein, Marc Lasry, Ziff —, Robert Shafir, Sculptor’s Organizations: Pershing, Saba Capital Management, Avenue Capital, Sculptor Capital, Rithm

☆ 'People are stupid': Strategist sees big downside as stocks ignore global crises — and names what to own
▼ + stars: | 2023-08-21 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Despite ongoing economic crises around the world, global stock markets have remained resilient so far this year. David Roche, president and global strategist at Independent Strategy , said equity markets were still relatively buoyant "because people are stupid" and overly complacent. They are related," Roche told CNBC's "Squawk Box Europe" on Thursday. The strategist suggested owning 30-year U.S. Treasurys , which were trading with a yield of 4.35% Friday. Earlier this month, billionaire investor Bill Ackman said he was betting against 30-year U.S. Treasurys in "a world with persistent 3% inflation."

Persons: David Roche, Roche, CNBC's, Vladimir Putin's, " Roche, I'm, Bill Ackman Organizations: Independent, Equity, JPMorgan, America, Pershing, Capital Management Locations: China, Russia, Beijing, Wall Street, China's, Moscow, Russian, West

☆ Activists ease up on Salesforce — plus, 10 other Club stocks traded by Wall Street pros
▼ + stars: | 2023-08-16 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +10 min

The extraordinary activist-investor interest in Salesforce (CRM) eased further in the second quarter, according to the latest regulatory filings from influential Wall Street pros. His firm still owned about 2 million Salesforce shares as of June 30. Tepper also bought 2.3 million shares of Advanced Micro Devices (AMD) and 480,000 shares of Apple (AAPL) during the second quarter. As a result, Appaloosa's holdings as of mid-August may differ significantly from the conclusion of the second quarter. GOOGL YTD mountain Alphabet YTD performance Bets on Google's parent company, Alphabet (GOOGL), varied in the second quarter.

Persons: Dan Loeb's, Jeff Smith's, Salesforce, Jeffrey, Starboard's Jeff Smith, Smith, he's, 13Fs, it's, Marc Benioff, Mason Morfit, Paul Singer's Elliott, Elliott, Elliott —, Nelson Peltz's, Bob Iger, Peltz, David Tepper, Tepper, Bill Ackman's, Seth Klarman, Loeb, Klarman, Stanley Druckenmiller, Druckenmiller, Eli Lilly, That's, Jim Cramer's, Jim Cramer, Jim, Kim Kulish Organizations: Inclusive Capital, CNBC, Paul Singer's Elliott Management, Constellation, Club, Constellation Brands, Corona, Modelo, DIS, Disney, Management, Walt Disney Co, Peltz, Nvidia, Appaloosa Management, Microsoft, Micro Devices, Apple, AMD, Bill Ackman's Pershing, Capital Management, Oracle, Duquesne Family Office, Jim Cramer's Charitable, Corbis, Getty Locations: Salesforce, Tuesday's

☆ Hedge funds beefed up A.I. bets in the second quarter
▼ + stars: | 2023-08-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

2023 has been the year for artificial intelligence stocks, and hedge funds in the second quarter beefed up their bets on the growth sector despite its sharp run up this year. Doubling down on Big Tech Despite the uptick in tech shares by the end of the first half, many hedge funds amped up their bets on Alphabet during the second quarter. David Tepper's Appaloosa bet big on AI winners , growing positions in Alphabet, Amazon , Meta Platforms and Microsoft during the period. Betting on chip stocks Nvidia shares have popped 200% as the company triumphs as AI chipmaker to beat this year. Beyond these pure-play AI bets, Coleman added to semiconductor Lam Research .

Persons: Bill Ackman's, Dan Loeb's, David Tepper's, Baupost's Seth Klarman, Philippe Laffont's Coatue, Tiger Global's Chase Coleman, Mark Zuckerberg's, Dan Sundheim's, Ole Andreas Halvorsen, Loeb, Coleman, Sundheim, Baupost, Keith Meister's, Laffont, Yun Li, Sarah Min, Brian Evans Organizations: Big Tech, Microsoft, Tiger Cub, Management, Apple, Amazon, Facebook, Meta, Nvidia, Devices, Viking, Taiwan Semiconductor, Micron Technology, AMD, Intel, Qualcomm, Broadcom, Marvell Technology, Materials, Global, Lam Research, Netflix, Viking Global, NXP Semiconductors, Semiconductor Locations: Apple, Amazon

☆ Bill Ackman's Pershing Square adds to Google-parent Alphabet stake, slashes Lowe's bet
▼ + stars: | 2023-08-14 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Bill Ackman's Pershing Square Capital stepped up a bet in Google-parent company Alphabet while lowering a large stake in Lowe's during the second quarter, according to a regulatory filing. Pershing Square's stake in the Google parent's A shares was unchanged in the second quarter and stood at $261 million. Pershing Square also downsized holdings in Chipotle and Restaurant Brands International . Pershing Square now has a stake in the new company, known as Canadian Pacific Kansas City , worth $1.2 billion. Ackman's fund managed roughly $10.8 billion 13F securities at the end of the second quarter, according to WhaleWisdom.com .

Persons: Bill Ackman's, Pershing Organizations: Bill Ackman's Pershing, Capital, Google, Securities and Exchange Commission, Pershing Square's, Pershing, Restaurant Brands, Canadian Pacific Railway, Kansas City Southern, Canadian, Canadian Pacific Kansas City Locations: Lowe's, Chipotle, Canadian Pacific Kansas

☆ Top economist David Rosenberg says Bill Ackman's bet against Treasurys could end as badly as his Herbalife wager
▼ + stars: | 2023-08-11 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

David Rosenberg took a jab at billionaire investor Bill Ackman for his bet against US Treasurys. His view contrasts to Ackman who revealed he's shorting 30-year US Treasurys as a hedge against high inflation. That contrasts to Ackman's view of stubbornly high inflation, which has led him to short US Treasurys. Bond prices tend to have an inverse relationship to interest rates. When interest rates go up, bonds usually fall.

Persons: David Rosenberg, Bill Ackman, Ackman, he's, Rosenberg, Fran Fed's Organizations: US, Service, Rosenberg Research, Reserve, Ackman's, Federal Reserve Bank of San, Federal Reserve, Pershing, stoke Locations: Wall, Silicon, Federal Reserve Bank of San Francisco

☆ Stop searching for 'the next Warren Buffett' — The 'Oracle of Omaha' is impossible to copy
▼ + stars: | 2023-08-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Every so often, a hot new investor on the rise is crowned "the next Warren Buffett" by the financial media, followed swiftly by disappointing performance that proves they're no "Oracle of Omaha." "The next Warren Buffett" remains Warren Buffett alone. What makes Buffett so hard to duplicate? That makes Buffett, famously a student of Columbia University's legendary value investing professor Ben Graham, the most venerated investor of his, or succeeding, generations. "Berkshire's economic moat is more than just a sum of its parts," said Greggory Warren, Berkshire analyst at Morningstar.

Persons: Warren Buffett, Sam Bankman, Buffett, Pershing, Bill Ackman, Eddie Lampert, Chamath, Berkshire Hathaway, LBJ, Ben Graham, Greggory Warren Organizations: Berkshire Hathaway, BNSF Railway, Apple, Columbia, Morningstar, Berkshire Locations: Omaha, Berkshire, New England

☆ Elon Musk touts short-term Treasurys as a 'no-brainer,' echoing Warren Buffett and Bill Ackman
▼ + stars: | 2023-08-04 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Elon Musk touted short-term Treasurys as a "no-brainer," mirroring Warren Buffett and Bill Ackman. The Tesla CEO responded to Ackman, who said he's investing cash in short-term T-bills like Buffett. The Tesla and SpaceX CEO was responding to a post on X by Ackman, who like Buffett, said he puts cash into short-term Treasurys. We also invest our cash in short term Treasurys," Ackman said. At the same time, while Ackman reveals his fondness for short-term Treasurys, he revealed on Thursday he's short on 30-year US Treasurys.

Persons: Elon Musk, Warren Buffett, Bill Ackman, Ackman, Buffett, Musk, Berkshire Hathaway Organizations: Service, Privacy, SpaceX, Berkshire, CNBC, AAA, AA, Pershing Square Locations: Wall, Silicon, US

☆ Billionaire investor Ackman says he is shorting 30-year Treasuries
▼ + stars: | 2023-08-03 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

"We are short in size the 30-year T," Ackman wrote on messaging platform X, formerly known as Twitter. "We implement these hedges by purchasing options rather than shorting bonds outright," Ackman wrote. Ackman said higher defense costs, energy transition and the greater bargaining power of workers all point toward higher inflation. "The best hedges are the ones you would invest in anyway even if you didn't need the hedge," Ackman wrote. A spokesman for Ackman didn't respond to a Reuters request for additional comment.

Persons: Bill Ackman, Mike Blake, William Ackman, Ackman, Treasurys, Fitch, Svea Herbst, Bayliss, Shri Navaratnam Organizations: Pershing, Capital, Wall Street Journal Digital, REUTERS, Capital Management, U.S, Twitter, Federal, White, Svea, Thomson Locations: Laguna Beach , California, U.S

☆ Bill Ackman Is Betting Against Long-Term Treasury Bonds
▼ + stars: | 2023-08-03 | by ( ) www.wsj.com time to read: 1 min

Hedge fund manager Bill Ackman says he's short the 30-year Treasury bond, in a bet that long-term inflation will settle closer to 3% than the Federal Reserve's target of 2%. The Pershing Square founder laid out the case for the trade on X (formerly Twitter). He wrote Wednesday that he's "surprised how low U.S. long term rates have remained in light of structural changes that are likely to lead to higher levels of long-term inflation."

Persons: Bill Ackman Organizations: Treasury, Federal, Pershing

☆ Bill Ackman says he's shorting 30-year Treasury bills, and yields could hit 5.5% 'soon'
▼ + stars: | 2023-08-03 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

Billionaire investor Bill Ackman said he is betting against 30-year U.S. Treasurys as a hedge against the impact of long-term rates on stocks in "a world with persistent 3% inflation." Ackman, the founder of Pershing Square Capital Management, also said he is "short in size" on the 30-year U.S. Treasurys because it's "a high probability standalone bet." "We implement these hedges by purchasing options rather than shorting bonds outright," Ackman said said late Wednesday. Ackman argued that if U.S. inflation is 3% in the long term instead of 2%, 30-year Treasury yields could hit 5.5% "and it can happen soon." U.S. inflation stood at 3% in June, while yields on 30-year Treasury hit 4.2% — its highest since early November.

Persons: Bill Ackman, Olivia Tournay Flatto, Ackman, Fitch Organizations: Armory, Billionaire, Pershing, Capital Management, AAA, White, Treasury Locations: New York City

☆ Tech bros and Wall Street billionaires are indulging anti-vaxxer RFK Jr.'s presidential dreams
▼ + stars: | 2023-07-19 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Silicon Valley and Wall Street stars are indulging Robert F. Kennedy Jr.'s presidential campaign. RFK Jr. has said that vaccines cause autism – and the White House recently blasted him for sharing anti-Semitic conspiracy theories. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. This isn't the first time parts of Wall Street and Silicon Valley have backed an anti-establishment firebrand. In both 2016 and 2020, big names like venture capitalist Peter Thiel and Blackstone CEO Stephen Schwarzman backed Republican candidate Donald Trump.

Persons: Robert F, Kennedy Jr, Jack Dorsey, SPAC, Chamath Palihapitiya, Bill Ackman, Kennedy, Jr, Twitter's, who's, Bill Ackman – who's, Jamie Dimon, –, Ken Fisher, Mark Gorton, Chamath, David Sacks, Palihapitiya, Ackman, he'd, Peter Thiel, Stephen Schwarzman, Donald Trump Organizations: Twitter, RFK, White House, Service, CIA, Democratic, Pershing Square Capital Management, Fisher Investments, Research, CNBC, vax, Children's Health Defense, PayPal, Blackstone, Republican Locations: Silicon, Wall, Silicon Valley

☆ Salesforce hires activist lawyer from Wachtell, Lipton as legal chief
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +1 min

July 17 (Reuters) - Salesforce (CRM.N) appointed Wachtell, Lipton's Sabastian Niles as its chief legal officer on Monday, months after the leading activist lawyer helped defend the business software provider against several hedge funds that had called for changes at the company. "I'm thrilled to welcome Sabastian to Salesforce as part of our world-class management team," CEO Marc Benioff said. Wachtell, Lipton, Rosen & Katz is a major law firm sought out by corporate America to handle merger deals as well as activist investment firms' push for changes. Niles spent nearly 17 years at the law firm, where he began his career as a summer associate after earning his law degree from Harvard, rising to become a partner. Niles was part of the team at Wachtell when it advised Salesforce after Starboard Value, ValueAct and Elliott Investment Management pressured it for making key changes earlier this year.

Persons: Wachtell, Lipton's Sabastian Niles, I'm, Marc Benioff, Lipton, Katz, Niles, Bill Ackman's, Jeffrey Ubben, Mason Morfit's, Salesforce, Svea Herbst, Bayliss, Yuvraj Malik, Vinay Dwivedi Organizations: Rosen, Harvard, Bill Ackman's Pershing, Capital Management, Elliott Investment Management, Svea, Thomson Locations: Salesforce, America, Wachtell, New York, Bengaluru

☆ Wall Street execs make first bets against Donald Trump in 2024
▼ + stars: | 2023-07-16 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Christie, who is running for president again versus Trump this cycle, also received $6,600 from Jones in the second quarter, according to his campaign finance disclosure. Longtime venture capitalist Joe Lonsdale donated at least $3,300 to DeSantis in the second quarter, according to the filings. DeSantis' campaign finished the second quarter with $20 million raised. Bill Ackman, the CEO of hedge fund Pershing Square Capital, contributed $3,300 during the early stages of the quarter, according to the filings. Ramaswamy's campaign finished the second quarter having raised over $7 million, most of which was self-funded.

Persons: Ron DeSantis, Donald J, Trump, Paul Tudor Jones, DeSantis, Jones, Mitt Romney's, Barack Obama, Jeb Bush's, Chris Christie's, Christie, Forbes, Joe Lonsdale, Lonsdale, Justin Siegel, Goldman Sachs, Goldman, Vivek Ramaswamy, Ramaswamy, Bill Ackman, Ramaswamy —, Robert F, Kennedy Jr, Ackman, Ed Hyman, Glenn Dubin, Eva, Jeffrey Epstein, Dubin, Nikki Haley Organizations: Florida Gov, Governors, Washington Post, Getty, New, New Jersey Gov, Trump, Wall Street, Capital, Pershing, Twitter, Democratic, Evercore ISI, Dubin, Co Locations: Florida, Washington ,, New Jersey

☆ Investor Bill Ackman, David Sacks' PAC donated to RFK Jr.'s presidential campaign
▼ + stars: | 2023-07-14 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

When asked at the time, he didn't say whether he had donated to Kennedy's campaign. Ackman is one of several prominent business leaders who donated to Kennedy's campaign in the second quarter. The Purple Good Government PAC, a committee that's been largely funded by investor and Elon Musk ally David Sacks, donated $6,600 to the campaign. Ken Fisher, the founder and executive chairman of Fisher Investments, donated $6,600 to the campaign, according to the filing. Veteran Wall Street executive Omeed Malik also donated $6,600 to the Kennedy campaign, the filing says.

Persons: Bill Ackman, Robert F, Kennedy Jr, that's, Elon Musk, David Sacks, Ken Fisher, Omeed Malik, Kennedy, Malik, Brett Messing, Anthony Scaramucci's, Eric Clapton, Sacks, Fisher, Clapton, Chamath Palihapitiya, Joe Biden, Kennedy's, Biden, Kevin Breuninger Organizations: Pershing, Capital, CNBC, RFK, Good Government PAC, Fisher Investments, Wall, Hamptons, Quinnipiac, Democratic Locations: England

☆ Bill Ackman says it'll be a 'huge loss' if JPMorgan boss Jamie Dimon doesn't run for US president
▼ + stars: | 2023-07-06 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

Billionaire investor Bill Ackman once again urged Jamie Dimon to campaign for US President. It would be a 'huge loss' if the JPMorgan boss didn't run for office, he tweeted. "It is a huge loss for us all if Jamie won't run," Ackman tweeted, alongside a video of the 67-year-old speaking at a conference hosted by The Economic Club of Washington D.C. in 2016. This isn't the first time that Ackman, who is the CEO of the hedge fund Pershing Square, backed Dimon as a potential president. Others including famed investor Warren Buffett, former US president Bill Clinton, and real estate developer Ross Perot Jr. have also praised Dimon's leadership qualities and political skills over the past decade.

Persons: Bill Ackman, Jamie Dimon, didn't, Warren Buffet, Bill Clinton, —, Jamie won't, Ackman, Dimon, Carlyle, David Rubenstein, Warren Buffett, Ross Perot Organizations: US, JPMorgan, Service, Privacy, The Economic, of Washington D.C, Ross Perot Jr, Bloomberg Locations: America

☆ Bill Ackman explains why he embraced RFK Jr.'s skepticism on Covid vaccines
▼ + stars: | 2023-07-05 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Bill Ackman said in 2021 that delaying Covid vaccinations for older Americans "seems like genocide." In fact, he said Kennedy is asking "important questions" about vaccines, raising issues he is interested in learning more about. Several of Ackman's recent tweets about Covid vaccines have stunned and confounded many of his colleagues on Wall Street, according to several people who have known and been allied with him for years. "I listened to RFK on several podcasts and a town hall and thought he raised important issues about vaccines and other issues that were worth learning more about," said Ackman, the CEO of Pershing Square Capital. Ackman has pushed his newfound skepticism to his approximately 740,000 followers while saying he is not opposed to vaccines.

Persons: Bill Ackman, Robert F, Kennedy Jr, Ackman, Kennedy, it's, Omeed Malik, David Sacks, Chamath Palihapitiya, Ackman's, Tucker Carlson, Joe Biden, Biden Organizations: Democratic, CNBC, RFK, Pershing, Capital, CDC, FDA, Wall Street, Hamptons . Venture, Trump White House, Fox News Locations: U.S

Most Wall Street investors believe the best way to take advantage of the artificial intelligence boom is to buy Big Tech stocks, according to the new CNBC Delivering Alpha investor survey. Forty-seven percent of respondents said big-cap tech companies are the best way to invest in AI, while 37% believe there's too much hype around the space. The chipmaker has been at the center of an AI craze on Wall Street. Investors piled into the AI enabler after the company recently made a shockingly strong forecast of future demand. Alphabet's AI capabilities and ambition attracted buying from big investors recently, including Stanley Druckenmiller 's Duquesne Family Office, Dan Loeb's Third Point and Bill Ackman's Pershing Square Capital Management.

Persons: Buzzy chatbot ChatGPT, Stanley Druckenmiller, Dan Loeb's, Bill Ackman's Organizations: Big Tech, CNBC Delivering Alpha, CNBC, Nasdaq, Microsoft, Google, Duquesne Family Office, Bill Ackman's Pershing, Capital Management

☆ The hedge fund industry is reaching a tipping point: Grow up or go bust
▼ + stars: | 2023-06-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Some of the biggest hedge funds in the world are facing a problem that's proving just as challenging as predicting the markets. The Wall Street Journal has a story on that very conundrum, reporting on the tension at the $60 billion hedge fund Two Sigma between cofounders John Overdeck and David Siegel. While the structure of the modern hedge fund dates back to the 1940s, the industry really hit its stride during the 1990s. But I imagine not every hedge fund will want to go that route. And here's more on how hedge funds like Citadel and Millennium are transforming themselves with the help of Goldman Sachs' alumni.

Persons: Dan DeFrancesco, we've, cofounders John Overdeck, David Siegel, Overdeck, Siegel, cofounders, Goldman Sachs, Tracy Gray, Zhenni Liu, Wil Chockley, Charlie Hanna, Peter Deaner, Jeffrey Epstein, Jes Staley, Epstein, CliffsNotes, Bill Ackman, We've, Jeffrey Cane, Hallam Bullock Organizations: Sigma, Citadel, MaC, Marcy Venture Partners, JPMorgan, Columbia, Bloomberg, Financial Times, Pershing Square Capital, LinkedIn Locations: NYC, Los Angeles, Swiss, New York, London

☆ Bill Ackman wants you to know exactly why he's been stirring the anti-vaccine pot all weekend
▼ + stars: | 2023-06-19 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +5 min

He's offering to fork out $150,000 for scientist Peter Hotez to debate Robert F. Kennedy Jr. on the topic of vaccines. "This is a debate that you cannot walk away from," Ackman tweeted at Hotez. Billionaire investor Bill Ackman, who's spent a good chunk of the weekend putting his weight — and his money — behind the prospect of a Joe Rogan-hosted vaccine debate, wants you to know he's not an anti-vaxxer or an advocate for conspiracy theories. "If you are truly interested in saving lives, you need to further the public's understanding of the truth about vaccines," Ackman added. Every day we wait, thousands more will die," Ackman tweeted at the time.

Persons: Bill Ackman, Peter Hotez, Robert F, Kennedy Jr, Ackman, who's, Joe Rogan, Rogan, Kennedy, Elon Musk, Musk, Rogan —, Hotez, dogpiling, snowballing — Ackman Organizations: Morning, Pershing, Twitter, MSNBC, Ackman

☆ Bill Ackman offered to donate $150,000 if a doctor debated Robert F. Kennedy Jr. about vaccines on Joe Rogan's podcast
▼ + stars: | 2023-06-18 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Bill Ackman offered to donate $150,000 if a doctor debated vaccines on Joe Rogan's podcast. Dr Peter Hotez criticized Rogan for hosting Robert F. Kennedy Jr. on his podcast. Bill Ackman has waded into a vaccine misinformation debate, offering $150,000 to charity if a doctor agrees to debate Robert F. Kennedy Jr. on Joe Rogan's podcast. Rogan responded to Hotez's criticism by pledging $100,000 to charity if he came on the podcast to debate Kennedy. Rogan signed a $200 million deal with Spotify to bring his hugely popular podcast exclusively to the streaming platform in 2020.

Persons: Bill Ackman, Joe Rogan's, Peter Hotez, Rogan, Robert F, Kennedy Jr, Elon Musk, Dr Peter Hotez, Joe Rogan, Kennedy, Hotez, lockdowns, Ackman, goad, Musk, It's, Neil Young Organizations: Morning, Pershing, Capital Management, Baylor College of Medicine, National, Tropical Medicine, Spotify Locations: Nazi Germany, Houston

☆ Why Hong Kong can’t cut loose from the US dollar just yet
▼ + stars: | 2023-06-13 | by ( Laura He | ) edition.cnn.com time to read: +11 min

Hong Kong CNN —Hong Kong’s currency is facing its biggest test since the global financial crisis of 2008. The steep fall is a sign that investors are ditching the Hong Kong dollar. The Hong Kong Monetary Authority (HKMA) is committed to keeping the Hong Kong dollar between 7.75 and 7.85 per greenback. People walk past the Hong Kong Monetary Authority (HKMA) on May 4, 2023, in Hong Kong, China. “Pegging the Hong Kong dollar to the US dollar encourages such transactions to be carried out in Hong Kong and under Hong Kong law, even if neither party is based in Hong Kong.”This helps to create jobs and prosperity in Hong Kong, while also benefiting mainland China.

Persons: Hong, hasn’t, Andy Xie, ” Logan Wright, Bill Ackman’s, Ackman, Wright, Peter Parks, Kong, Deng Xiaoping, Margaret Thatcher, outflows, Chi Lo, Chen Yongnuo, Hong Kong’s, ”, Richard Cookson ,, Boaz Weinstein, Daniel Fung, Rhodium’s Wright, Xie, Eddie Yue, Banks, John Greenwood, “, Greenwood, ” Greenwood Organizations: Hong Kong CNN, British, Hong, Traders, Hong Kong, Bill Ackman’s Pershing, Capital Management, Getty, Lehman Brothers, Hong Kong Monetary Authority, US Federal Reserve, Asia Pacific, BNP, Asset Management, Fed, China News Service, Rubicon Fund Management, Bloomberg, Saba Capital Management, National Security Law, CNN Locations: Hong Kong, United States, China, Hong, Beijing, AFP, Britain, “, ”, Riding

☆ JPMorgan CEO Jamie Dimon is eyeing another career after banking — he's considering getting into politics next
▼ + stars: | 2023-06-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

JPMorgan CEO Jamie Dimon told Bloomberg TV he has considered going into politics. Billionaire investor Bill Ackman urged Dimon to run for president in a tweet and gave him a glowing testimony. But Dimon said last week that he intends to run JPMorgan for another three-and-a-half years. JPMorgan CEO Jamie Dimon has hinted that he may be getting into politics after retiring from his banking career. Jamie Dimon is that leader," the CEO of hedge fund Pershing Square tweeted.

Persons: Jamie Dimon, Bill Ackman, Dimon, it's, Ackman, I'm Organizations: Bloomberg, JPMorgan, Morning, Wednesday, Reuters, US

☆ Bill Ackman calls on JPMorgan CEO Dimon to run for US president
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +2 min

May 31 (Reuters) - Billionaire hedge fund manager Bill Ackman said Jamie Dimon should run for president in the next U.S. elections after the JPMorgan Chase & Co (JPM.N) CEO expressed his interest in pursuing a public office. loadingAckman called Dimon an "exemplary leader" and lauded him for having "superbly managed" JPMorgan through every crisis. There have been speculations about Dimon's potential presidential run in the future. "If he decides to get out of banking, I think he would be really good in politics," former President Bill Clinton once said of Dimon. In the 2016 presidential election, Ackman had urged former New York City Mayor and billionaire Michael Bloomberg to run for president.

Persons: Bill Ackman, Jamie Dimon, Dimon, Ackman, Donald Trump, Bill Clinton, Michael Bloomberg, Niket, Bayliss, Jaiveer, Anil D'Silva Organizations: Billionaire, JPMorgan Chase &, Bloomberg, JPMorgan, Trump, Pershing, Capital Management, Street, New, New York City, Svea Herbst, Thomson Locations: China, United States, New York, Bengaluru, Svea

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