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☆ Cramer's Lightning Round: Blackstone is 'too much of a black box'
▼ + stars: | 2023-10-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Blackstone's year-to-date stock performance. Stock Chart Icon Stock chart icon Sunrun's year-to-date stock performance. Stock Chart Icon Stock chart icon FMC's year-to-date stock performance. Stock Chart Icon Stock chart icon BP's year-to-date stock performance. Stock Chart Icon Stock chart icon Paramount's year-to-date stock performance.

Persons: Jim Cramer's, Blackstone, I'm, It's, we're Organizations: PSA, Dominion, Dominion Energy, FMC, Paramount

☆ Buoyant dollar pushes fragile yen to within striking distance of 150
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: +3 min

Photo taken on April 20, 2022 shows the Japanese yen and U.S. dollar banknotes in Tokyo, Japan. The dollar kicked off the last quarter of the year on the front foot on Monday as the prospect of higher-for-longer U.S. rates provided solid support, pushing the yen to an 11-month low. Sterling was last 0.13% lower at $1.2188, having similarly slid nearly 4% against the dollar in the third quarter. "This puts the 1 November FOMC meeting back on the table as a potential venue for a further 25-basis-point rate hike." Elsewhere, the Australian dollar fell 0.07% to $0.64305, while the kiwi edged 0.1% lower to $0.59925.

Persons: Olivier d'Assier, Jarrod Kerr, Sterling, Kiwibank's Kerr, Chris Weston Organizations: U.S, Congress, Democratic, U.S . Labor Department, CPI Locations: Tokyo, Japan, Asia, Australia, China

Making mistakes doesn't feel great, but they can provide some lessons you might not have learned otherwise. We asked this year's rising stars of Wall Street to open up about the biggest missteps of their careers so far and what they took away from them. Some shared their rookie errors — like slamming their laptop shut after forgetting to save their first big pitch deck or duplicating a trade — while others gave more reflective answers about how early career mistakes impacted their paths. We've got to iterate and change how we do things, and I think that's helped our team's process a lot. So my mistakes also brought me here, and everything that has been a mistake is always a learning experience.

Persons: there's, Luis Arteaga, David Trinh, you'll, Michael Dunn Goekjian, Tori Gilliland, didn't, It's, Andrew Almeida, Thoma Bravo I've, I've, Nadim Laiwala, Rachel Hunter, Goldman, Kristen Powers, Morgan Stanley, Sarah Sigfusson, Shanta Wu, Fred Michel, who's, Morgan, Neil Kamath, Rachel Barry, Chris Dell'Amore, We've, that's, Peter Gylfe, Ricky Mewani, Dominic Rizzo, Rowe Price, Lillian Qian Lin, of, Steve Schwarzman, Peter Peterson, Stephen Schwarzman, Blackstone, Patrick McGoldrick, Katya Brozyna, Michael Wilkinson, Yi Yi, Wells, Luna McKeon, —, Anne, Victoire Auriault, Goldman Sachs Organizations: Barclays, Delta, Barclays Bridgewater Associates, Bridgewater Associates, Apollo Management, Thoma Bravo, Moelis, US, Bank of, Fidelity, JPMorgan, BlackRock Blackstone, Citadel, Blackstone, Jefferies, Citadel Securities, Blue Owl, Goldman Locations: Bank, Evercore, Wells, Americas

☆ Commercial real estate varies greatly by sector, says Blackstone's Kathleen McCarthy
▼ + stars: | 2023-09-28 | 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 EmailCommercial real estate varies greatly by sector, says Blackstone's Kathleen McCarthyKathleen McCarthy, Blackstone global co-head of real estate, joins 'Halftime Report' to discuss sector variation in commercial real estate, creating fundamental value in a dislocated environment, and more.

Persons: Blackstone's Kathleen McCarthy Kathleen McCarthy, Blackstone

☆ This is one of the most resilient real estate areas, according to the world's largest commercial property owner
▼ + stars: | 2023-09-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Blackstone, the biggest owner of commercial real estate in the world, is placing its bets on the student housing rental market as demand surges worldwide. She highlighted last year's acquisition of student housing provider American Campus Communities as one way Blackstone can work with universities to increase supply amid shortages. The company, she added, also focuses on rental housing because it shows a "great deal of resiliency." But student housing issues aren't solely a U.S. problem, and Blackstone has made investments in Australia, Canada and the U.K. as students seek English-language degrees, McCarthy said. Along with student housing, McCarthy also highlighted datacenters and logistics as other key conviction real estate areas as artificial intelligence booms and consumers do more online shopping.

Persons: Blackstone, Kathleen McCarthy, Blackstone's, McCarthy Organizations: Alpha, Communities, Blackstone Real Estate Partners Locations: U.S, Australia, Canada

☆ Meta is spending $181 million to end a lease on an office it never moved into, report says — as Big Tech continues to reassess the role of in-person work
▼ + stars: | 2023-09-27 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Meta had 18 years remaining on the lease for an eight-storey office in London, the FT reports. AdvertisementAdvertisementMeta has paid $181 million to end its lease on an office in London that it never moved into, the Financial Times reported. And last December, Meta moved out of two of its New York offices. AdvertisementAdvertisementAfter office workers generally worked from home during COVID-19, many bigger companies have now mandated returns to office. AdvertisementAdvertisement"Working from home during the various Covid lockdowns tore up the rulebook for office workers, allowing a level of freedom as to where (and when ?)

Persons: Meta, —, Matthew Saperia, Peel Hunt, Mark Zuckerberg's, Adam Mosseri, Paul Jayson, DLA Piper, lockdowns Organizations: Big Tech, Service, Financial Times, Peel, Triton, Meta, Estate Locations: London, New York, King's, COVID

☆ 18,000-year-old stone tools are among the oldest found in the US, more evidence that humans lived in the Americas during the Ice Age
▼ + stars: | 2023-09-26 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

Archaeologists found stone tools humans used to butcher animals in what's now Oregon. AdvertisementAdvertisementAncient hunters used a rock-shelter in the Oregon desert to butcher camels, bison, mountain sheep, and horses during the Ice Age. In 2012 and 2015, archeologists found blood-stained stone tools buried below teeth from the extinct animals. The stone tools were below fragments of animal teeth, and both were covered by volcanic ash. "It's a really high-quality tool stone," O'Grady said.

Persons: —, Patrick O'Grady, O'Grady, " O'Grady, Nancy Pobanz, Thomas W, Stafford , Jr, it's Organizations: Service, University of Oregon Museum of Natural, Age Swiss, Swiss Army, US, Coopers Locations: what's, Oregon, Mount St, Helens, Swiss, North America, Siberia, Canada, Idaho, Rimrock, Paisley, North, South America

She cited unpublished information from Vietnam's Ministry of Natural Resources and Environment, which did not respond to requests for comment. In recent years, Japanese investors Toyota Tsusho and Sojitz abandoned projects at Dong Pao after China ramped up supply, pummelling prices. Reuters GraphicsStill, rare earths at Dong Pao are relatively easy to access and are mostly concentrated in bastnaesite ores, according to the Hanoi University of Mining and Geology. The plant has capacity to process 5,000 tons of REO a year but the company plans to treble that to accommodate input from Dong Pao, Tuan said. The metallization process is controlled by China, which produces 90% of rare-earth metals, according to the U.S. Department of Energy.

Persons: Dong Pao, Blackstone, VTRE, Tessa Kutscher, Anh Tuan, Joe Biden, Kutscher, Sojitz, Dylan Kelly, Vingroup, Rivian, Dong, Tuan, David Merriman, John Rockhold, Dudley Kingsnorth, Francesco Guarascio @fraguarascio, Khanh, Melanie Burton, Trevor Hunnicutt, Mai Nguyen, Phuong, David Crawshaw Organizations: REUTERS, Australia's Blackstone Minerals Ltd, Vietnam's Ministry of Natural Resources, Earth JSC, U.S, . Geological Survey, Reuters, Toyota, Terra Capital, Blackstone, Hanoi University of Mining, REO, White House, Department of Commerce, U.S . Chamber of Commerce, Strategic, ASM, Reuters Graphics Reuters, U.S . Department of Energy, Western Australian School of Mines, Curtin University, Thomson Locations: Nam, Lai Chau, Vietnam, Pao, HANOI, Dong, Beijing, China, Hanoi, U.S, Dong Pao, VTRE, South, Khanh Vu, Melbourne, Seoul, Washington, Phuong Nguyen

NEW YORK (AP) — Inside the U.N.'s gates, world leaders use the spotlight to talk — to each other and the entire planet. Nonprofit organizations send their senior leaders to the sidelines of the U.N. General Assembly at significant expense to make sure their voices are heard in the right rooms. It was one of some 40 events the Ford Foundation hosted connected to General Assembly week, flexing its power to convene. The sidelines of the General Assembly first began drawing major crowds in 2014, when a U.N. The framework, he said, helps groups “to focus on a pretty specific action that might feel small given the SDGs but still has impact.

Persons: ”, Elizabeth Cousens, ‘, ’ ”, Monica Aleman, She’ll, James Baldwin, Protesters, Keya Chatterjee, Chatterjee, Joe Biden, Antonio Guterres, Melinda Gates, Mark Suzman, ” Suzman, Atul Tandon, Zia Khan Organizations: Nonprofit, General, UN Foundation, Sustainable, Ford Foundation, Assembly, Climate Summit, Melinda Gates Foundation, Gates Foundation, Opportunity International, The Rockefeller Foundation, Brookings Institution, Lilly Endowment Inc, AP Locations: New York City, U.S, Manhattan, Washington, United States, China, India, Russia, United Kingdom, France, South Africa

☆ 'Thrown to the wolves': How private investors are jacking up rents and ripping off college students
▼ + stars: | 2023-09-20 | by ( James Rodriguez | ) www.businessinsider.com time to read: +19 min

The eye-popping numbers are part of a longer-term shift toward private college housing. Moody's Analytics recently warned of an "affordability crisis" for college students, noting that since 2019, rents for student housing in a sample of notable college towns had grown faster than those of regular apartments. Student housing goes privateThe gold rush in student housing is a relatively new phenomenon. Back in the 1980s and '90s, most college students either lived in bland, cinder-block-walled dorms or in conventional apartments farther from campus. Even with his frugality, he came to realize that the prices in West Campus were "impossible to rationalize" for a college student.

Persons: behemoth Blackstone, Evan Scope, UT Austin who's, Carl Whitaker, Austin Kristian Alveo, Whitaker, Mark Austin, Kristian Alveo, David Willson, Willson, Gina Cowart, Cowart, David Kanne, lounging, Ann, Kanne, Lu Chen, RealPage, Donald Cohen, Cohen, Graham Sowden, Dan Allen, Allen, Austin, James Rodriguez Organizations: Waterloo, University of Texas, Wall Street's, American, Communities, National, Housing, Evan Scope Crafts, UT Austin, University, UT, LV, UTs, Crafts, American Campus, HBO, West, haven't, State College ,, Moody's, Power, Middlebury College, University of Tennessee, Arizona State University, Urban Institute, Investors, Power Five, RREAF Holdings Locations: Austin, Wall, Waterloo, UT Austin, Rio, Villas, West, West Campus, Gainesville , Florida, Ann Arbor , Michigan, State College , Pennsylvania, Knoxville, South

☆ 'Corporate goths' are wearing their fishnets and eyeliner to work — and they're not apologizing for expressing themselves
▼ + stars: | 2023-09-13 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

The '"corporate goth" tag on TikTok has over 25 million views. She told Insider that she also finds ways to infuse her Mexican heritage into her outfits. Courtesy of Madison StoneStone, a Southern California-based beauty adviser, told Insider her music taste heavily influences how she decides what to wear. "Artists like Evanescence, Amy Winehouse, and Lady Gaga practically raised me through their music and style," Stone said. "I was honestly really nervous going into a beauty field with a set of unconventional beauty standards, but everyone has been more than accepting to me," Stone told Insider.

Persons: Gen, they're, —, Gen Z, Zers, Michael Yan, Hannah Rose, Rose, Hannah Rose Rose, Ariam Guerrero, Guerrero, Ariam Guerrero Guerrero, Madison, Amy Winehouse, Lady Gaga, Stone, she'd Organizations: Service, Gen, Madison Stone, Stone Stone Locations: Wall, Silicon, TikTok, Nevada, Los Angeles, Southern California

☆ Wild comedy 'Poor Things' wins top prize at Venice Festival
▼ + stars: | 2023-09-09 | by ( Crispian Balmer | ) www.reuters.com time to read: +3 min

[1/8] The 80th Venice Film Festival - Awards Ceremony - Venice, Italy, September 9, 2023. Director Yorgos Lanthimos poses with Golden Lion Award for Best Film for the movie 'Poor Things'. REUTERS/Guglielmo Mangiapane Acquire Licensing RightsSummary Oscar favourites regularly emerge from VeniceActors strike loomed large over festivalTop actors' awards go to U.S. starsVENICE, Sept 9 (Reuters) - "Poor Things", a gothic, sex-charged comedy directed by Greece's Yorgos Lanthimos, won the prestigious Golden Lion award at the Venice Film Festival on Saturday. The runner-up Silver Lion award went to "Evil Does Not Exist", an enigmatic, rural drama directed by Japan's Ryusuke Hamaguchi -- the only Asian entry among the 23 films competing for the main prize. Collecting his award, Sarsgaard said AI had to be curbed, warning that the issue had implications that went far beyond Hollywood.

Persons: Yorgos, Guglielmo Mangiapane, Greece's Yorgos Lanthimos, Emma Stone, Willem Dafoe, Mark Ruffalo, Bella Baxter, Spaeny, Elvis Presley, Priscilla, Peter Sarsgaard, Japan's Ryusuke, Sarsgaard, Poland's Agnieszka Holland, Italy's Matteo Garrone, Seydou Sarr, Guillermo Calderon, Pablo Larrain, Conde, General Augusto Pinochet, Crispian Balmer, Roberto Mignucci, Clelia Organizations: REUTERS, Venice Actors, Golden Lion, Lion, ACTION, Thomson Locations: Venice, Italy, U.S, VENICE, British, Hollywood, Polish, Belarus, Senegal, Africa, Europe

☆ I went to college for free in Scotland. Here are 5 things about my experience that Americans may find surprising.
▼ + stars: | 2023-08-30 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +1 min

But despite the free tuition, many students in Scotland still take out loans in order to pay for accommodation and living expenses. Jeff J Mitchell/Getty ImagesSince student housing isn't paid for by the government, many people opt to live with their parents, like I did. Others will take out a student loan or bursary, which is provided by the Student Awards Agency Scotland (SAAS). The student housing itself is also different to the US. While many universities in the US offer dorms with shared rooms, there are typically no shared bedrooms in Scotland's student accommodation.

Persons: Jeff J Mitchell Organizations: Strathclyde University, Student, Agency Scotland Locations: Scotland, Glasgow's

☆ Blackstone's data center gamble
▼ + stars: | 2023-08-28 | by ( Daniel Geiger | Rebecca Ungarino | ) www.businessinsider.com time to read: +12 min

The firm has recently touted its data center investments amid the artificial intelligence boom. Blackstone's push into data centers comes with its own set of challenges and questions. "You might not own apartment buildings in 10 years, but the largest data center company in the world." Meghji said in the company's video that interest from data center users in QTS data centers had doubled "since ChatGPT came out." Gerber said he had recently discussed data center investments with Blackstone representatives and has confidence in the strategy.

Persons: Blackstone, —, Glenn Schorr, Schorr, outflows, Stephen Tuckwood, Tuckwood, Jonathan Gray, Gray, Jeenah, Chad Williams, BREIT, they're, Patrick Davitt, QTS, Nadeem Meghji, Meghji, ChatGPT, Matthew Barakat, Prince William County, redemptions, Selwyn Gerber, Gerber, Matt Malone Organizations: Blackstone, Income Trust, QTS Realty Trust, Evercore, Wealth Management, Reuters, Autonomous Research, Blackstone Infrastructure Partners, McKinsey, AP, Starwood, MSCI's, Los, RVW, Opto Investments, FS Investments Locations: California, BREIT, QTS, Americas, CBRE, Manassas , Virginia, Prince William, Virginia, Brookfield, Los Angeles, Bellagio, Las Vegas

☆ MLB roundup: Twins edge Rangers on bases-loaded walk in 13th
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +21 min

Mets 3, Angels 2Rafael Ortega collected the game-winning RBI single in the bottom of the ninth inning as New York edged visiting Los Angeles. Assad (3-2) gave up one run and three hits in seven innings, with seven strikeouts and two walks. Kyle Tucker and Yainer Diaz hit two-run shots, while Mauricio Dubon and Martin Maldonado had solo blasts. Mets 3, Angels 2Rafael Ortega collected the game-winning RBI single in the bottom of the ninth inning as New York edged visiting Los Angeles. Kyle Tucker and Yainer Diaz hit two-run shots, while Mauricio Dubon and Martin Maldonado had solo blasts.

Persons: Royce Lewis, Jeffrey Becker, Michael A, Taylor, Donovan Solano, Jorge Polanco, Max Kepler, Dylan Floro, Jonathan Hernandez, Lewis, Ryan Jeffers, Joey Gallo, Matt Wallner, Carlos Correa, Jonah Heim, Martinez, Marcus Semien, Rafael Ortega, Francisco Alvarez, Reynaldo Lopez, DJ Stewart, Mark Vientos, Ortega, Adam Ottavino, Alvarez, Pete Alonso, Alonso, Daniel Vogelbach, Luis Rengifo, Brandon Lowe, Randy Arozarena, Zack Littell, Jason Adam, Kyle Higashioka, DJ LeMahieu, Anthony Volpe, Jeimer Candelario, Cody Bellinger, Javier Assad, Bellinger, Nico Hoerner, Assad, Ke'Bryan Hayes, Bailey, Patrick Bailey, Rogers, Austin Slater, Tristan Beck, Scott Alexander, Jared Shuster, Marcell Ozuna, Elias Diaz's groundout, Ryan O'Hearn's, Jake Bird, Justin Lawrence, Yennier Cano, Mookie Betts, Freddie Freeman, Betts, James Outman, Gavin Stone, Caleb Ferguson, Justin Turner, Adam Duvall, Triston Casas, Aaron Nola, Louis, Craig, Kyle Schwarber, Drew Rom, Kole, Ramon Laureno's, Calhoun, Laureano, Emmanuel Clase, Jose Ramirez, Vladimir Guerrero Jr, Davis Schneider, George Springer, Jeremy Pena, Kyle Tucker, Yainer Diaz, Mauricio Dubon, Martin Maldonado, Justin Verlander, Miguel Cabrera, Alex Faedo, Jorge Soler slugged, would've, Soler, Rowdy Tellez, Sal Frelick, Adrian Houser, Bryse Wilson, Gary Sanchez, Matthew Batten, Steven Wilson, Teoscar Hernandez, Julio Rodriguez, Luis Castillo, Castillo, Andres Munoz, Nelson Velazquez, Alec Marsh, Mike Clevinger, Yoan Moncada, Tim Anderson, Andrew Benintendi, Andrew Vaughn, Moncada, Paul Blackburn, Media Teoscar Hernandez Organizations: Minnesota Twins, Texas Rangers, USA, Twins, Texas, The Rangers, Mets, New, Angels, Yankees, Tampa Bay, Rays, Cubs, Pirates, Chicago, Pittsburgh, Giants, Braves, Atlanta, Orioles, Baltimore, Rockies, Dodgers, Red Sox, Los, Boston, Phillies, Cardinals, Philadelphia, St, Blue Jays, Cleveland, Toronto, Guardians, Astros, Tigers, Detroit's Comerica, Detroit, Marlins, Nationals, Miami, Washington, The Marlins, National League East, Brewers, Padres, Milwaukee, National League Central, Mariners, Royals, Seattle, Kansas City, American League West, White Sox, Athletics, Oakland, Media, Thomson Locations: Minneapolis , Minnesota, USA, Minneapolis, Texas, Minnesota, York, Los Angeles, New York, St . Petersburg, Fla, Francisco, Colorado, Baltimore, Nola, Detroit, National League East . Washington, San Diego, Chicago

REUTERS/Jeenah Moon/File Photo Acquire Licensing RightsAug 24 (Reuters) - Blackstone's (BX.N) newly established China unit has received regulatory approval to raise funds that will be invested overseas, joining other global asset managers in seeking to tap Chinese investor demand for foreign assets. Blackstone registered a fund management unit with the Asset Management Association of China under the qualified domestic limited partnership (QDLP) programme, a notice from the regulator showed. The unit, which was established in March, has seven full time employees, including five fund professionals, the notice said. The quota-based QDLP programme, first launched in 2012, allows foreign and domestic fund managers to raise money from Chinese high-net worth individuals and institutions which is then fed into offshore funds. The QDLP programme is generally more popular when the yuan is weaker.

Persons: Blackstone, Roxanne Liu, Selena Li, Edwina Gibbs Organizations: Blackstone Group, REUTERS, Asset Management Association of China, U.S, KKR KKR.N, BlackRock BLK.N, Investment, Thornburg Investment Management, Thomson Locations: New York City, U.S, China, Hong Kong, Shanghai

☆ Permian Resources to buy Earthstone in $4.5 billion deal
▼ + stars: | 2023-08-21 | by ( Arunima Kumar | ) www.reuters.com time to read: +2 min

Delaware Basin, a part of the wider Permian Basin, is a prime target for producers looking to increase their inventory. Earlier this month, it also closed a $1.5 billion deal to buy Novo Oil & Gas Holdings. With Monday's deal, Permian Resources would have pro forma production of about 300,000 barrels of oil equivalent per day (boepd). Shares of Earthstone jumped 8.6% to $17.63 in premarket trading, while Permian Resources declined more than 3% to $12.45. After the deal closes, existing Permian Resources and Earthstone shareholders would own about 73% and 27% of the combined company, respectively.

Persons: Earthstone, Leo Mariani, Roth, Mariani, Arunima Kumar, Anil D'Silva, Shilpi Majumdar Organizations: Earthstone Energy, Oil & Gas Holdings, Resources, Thomson Locations: Delaware, . Delaware, Texas, New Mexico, Midland , Texas, Bengaluru

☆ What happens to Salma Hayek in 'Black Mirror' might seem ridiculous — but the way celebrities handle their AI rights could affect us all
▼ + stars: | 2023-08-20 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

That's why she's shocked to discover a new series called "Joan is Awful" on a fictitious streaming platform called Streamberry. As the "Black Mirror" episode suggests, regular people may soon have to contend with managing their own digital likenesses as well. The spokesperson added that Soul Machines creator packages start at $39 a month with the first month free. However, Soul Machines has also digitized celebrities like NBA player Carmelo Anthony, K-pop star Mark Tuan, and golfer Jack Nicklaus, according to its site. Phelan M. Ebenhack/AP ImagesMeanwhile, Remington Scott, the founder of another "digital human" company called Hyperreal, already has a digital version of himself.

Persons: Joan –, Joan, Salma Hayek, Streamberry, it's, who's, Annie Murphy, —, Greg Cross, AI's, Carmelo Anthony, Mark Tuan, Jack Nicklaus, Carmelo Anthony's, Phelan M, Remington Scott, Scott Organizations: Netflix, Machines, Soul Machines, DNA Locations: New Zealand

☆ What happens to Salma Hayek in 'Black Mirror' might seem ridiculous – but the way celebrities handle their AI rights could affect us all
▼ + stars: | 2023-08-20 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

A new episode of Netflix's "Black Mirror" explores how celebrities will contend with AI replicas. As the "Black Mirror" episode suggests, regular people may soon have to contend with managing their own digital likenesses as well. A 2021 report from The Verge noted that Soul Machines mostly makes "people" for customer service and digital outreach. However, Soul Machines has also digitized celebrities like NBA player Carmelo Anthony, K-pop star Mark Tuan, and golfer Jack Nicklaus, according to its site. Carmelo Anthony's image has been digitized by Soul Machines.

Circuit Court of Appeals stopped short of ruling that the drug must be pulled off the market altogether, as a lower court had done. A spokesperson for the U.S. Department of Justice said that the Biden administration will appeal the ruling to the U.S. Supreme Court. President Joe Biden, a Democrat, supports abortion rights and last year ordered the federal health agency to expand access to mifepristone. [1/2]Used boxes of Mifepristone, the first pill in a medical abortion, line a trash can at Alamo Women's Clinic in Carbondale, Illinois, U.S., April 20, 2023. The U.S. Supreme Court last year overturned its landmark Roe v. Wade ruling that had legalized abortion nationwide.

Persons: Biden, Joe Biden, Matthew Kacsmaryk, Kacsmaryk, Erin Hawley, Susan B, Anthony Pro, Alexis McGill Johnson, Evan Masingill, Evelyn Hockstein, James Ho, mifepristone, telemedicine, Jennifer Walker Elrod, Wade, Brendan Pierson, Patrick Wingrove, Nate Raymond, Sharon Bernstein, Trevor Hunnicutt, Cynthia Osterman Organizations: Circuit, U.S . Department of Justice, U.S, Supreme, Alliance, Hippocratic Medicine, FDA, Alliance Defending, Planned Parenthood Federation of America, U.S . Food, Alamo Women's, REUTERS, Guttmacher Institute, American College of Obstetricians, American Medical Association, Reuters, Thomson Locations: U.S, New Orleans, Amarillo , Texas, Alamo, Carbondale , Illinois, New York, Boston, Sacramento , California, Washington

Boxes of Mifepristone, the first pill in a medical abortion, are seen at Alamo Women's Clinic in Carbondale, Illinois, U.S., April 20, 2023. Circuit Court of Appeals means for doctors and patients:CAN PATIENTS STILL GET THE ABORTION PILL? WHAT IS MEDICATION ABORTION? Medication abortion is a two-drug regimen consisting of mifepristone followed by misoprostol used to terminate a pregnancy within the first 10 weeks. If the ruling is upheld, doctors could still prescribe the abortion pill, but with restrictions.

Persons: Evelyn Hockstein, mifepristone, misoprostol, Wade, Matthew Kacsmaryk, Danco, GenBioPro, Brendan Pierson, Noeleen Walder, Lisa Shumaker Organizations: Alamo Women's, REUTERS, New, Circuit, U.S, Supreme, Danco Laboratories, FDA, Hippocratic Medicine, U.S . Food, Drug Administration, District, Thomson Locations: Carbondale , Illinois, U.S, New Orleans, United States, Texas, Amarillo , Texas

Used boxes of Mifepristone, the first pill in a medical abortion, line a trash can at Alamo Women's Clinic in Carbondale, Illinois, U.S., April 20, 2023. Circuit Court of Appeals stopped short of ruling that the drug must be pulled off the market altogether, as a lower court had done. The three-judge 5th Circuit panel was reviewing an order in April by U.S. District Court Judge Matthew Kacsmaryk in Amarillo, Texas. They contend the FDA used an improper process when it approved mifepristone in 2000 and did not adequately consider the drug's safety when used by minors. The court also reversed the agency's 2016 decision to allow mifepristone to be used up to 10 weeks of pregnancy, up from seven.

Persons: Evelyn Hockstein, Matthew Kacsmaryk, Kacsmaryk, Erin Hawley, William Ho, mifepristone, telemedicine, Jennifer Walker Elrod, Wade, Brendan Pierson, Nate Raymond, Cynthia Osterman Organizations: Alamo Women's, REUTERS, Circuit, U.S, Supreme, U.S . Food, Drug Administration, White, Alliance, Hippocratic Medicine, FDA, Alliance Defending, STATES, Guttmacher Institute, American College of Obstetricians, American Medical Association, Thomson Locations: Alamo, Carbondale , Illinois, U.S, New Orleans, Amarillo , Texas, New York, Boston

☆ Appeals court imposes restrictions on abortion pill, but drug will stay on the market for now
▼ + stars: | 2023-08-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

A federal appeals court on Wednesday imposed restrictions on the abortion pill mifepristone, though the ruling will not have an immediate impact. The ruling by the U.S. 5th Circuit Court of Appeals is paused from taking effect until the Supreme Court makes a decision about the case. The appeals court Wednesday ruled that the several decisions the Food and Drug Administration took to make the abortion pill more broadly available to women were illegal. If the Supreme Court upholds Wednesday's ruling, women would no longer be able to obtain the abortion pill by mail. That is basically the narrative you all are putting forth — nobody should ever question the FDA," Ho said during the hearing.

Persons: Biden, Jennifer Walker Elrod, Judge James Ho, mifepristone, Roe, Wade, Elrod, George W, Bush, Ho, Cory Wilson, Donald Trump, Danco Organizations: Alamo Women's, U.S, and Drug Administration, FDA, Food, Circuit, Danco Laboratories, Alliance for Hippocratic Medicine, Republican Locations: Carbondale , Illinois, U.S

☆ Yen breaks above 145/dlr level in choppy trading, dollar firm
▼ + stars: | 2023-08-14 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The Japanese yen weakened to as low as 145.22 per dollar in early Asian hours, its lowest since Nov. 10 2022 before quickly reversing course. Japan intervened in currency markets last September when the dollar rose past 145 yen, which prompted the Ministry of Finance to buy the yen and push the pair back to around 140 yen. With the yen loitering around that level again, traders expect Japanese officials to start warning of intervention soon. While sentiment towards China is down, this week's high-frequency China data may only need a small beat to cause a strong upside reaction in China proxies, said Pepperstone's Head of Research Chris Weston.

Persons: Yen, Dado Ruvic, warily, Chris Weston, Ankur Banerjee, Shri Navaratnam Organizations: REUTERS, United, Federal Reserve, Bank of Japan, Ministry of Finance, Saxo Markets, Treasury, Federal, ANZ, Fed, Thomson Locations: SINGAPORE, Japan, United States, China, Singapore

☆ Yen breaks above 145/dollar level in choppy trading, dollar firm
▼ + stars: | 2023-08-14 | by ( ) www.cnbc.com time to read: +3 min

A Japanese 10,000 yen and a U.S. 100 dollar banknote juxtaposed against each other in Tokyo, Japan, on Monday, June 20, 2016. The Japanese yen weakened to as low as 145.22 per dollar in early Asian hours, its lowest since Nov. 10, 2022, before quickly reversing course. Japan intervened in currency markets last September when the dollar rose past 145 yen, which prompted the Ministry of Finance to buy the yen and push the pair back to around 140 yen. With the yen loitering around that level again, traders expect Japanese officials to start warning of intervention soon. While sentiment towards China is down, this week's high-frequency China data may only need a small beat to cause a strong upside reaction in China proxies, said Pepperstone's Head of Research Chris Weston.

Persons: warily, Chris Weston Organizations: United, Federal Reserve, Bank of Japan, Ministry of Finance, Saxo Markets, Treasury, Federal, ANZ, Fed Locations: U.S, Tokyo, Japan, United States, China

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