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☆ Healthcare investors are torn on Trump's second term
▼ + stars: | 2024-11-09 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +11 min

While many tech VCs are optimistic about Trump's second term, some healthcare investors feel stuck. AdvertisementThe lower corporate taxes and deregulation a second Trump term could promise are already amplifying public market optimism. She could be removed as the FTC's head early in Trump's second term — and with relaxed M&A regulations, "anything is possible," said What If Ventures founder Stephen Hays. SOPA Images/Contributor/Getty ImagesMedicaid could also be targeted in Trump's second term. A boon for healthcare AI and Medicare AdvantageTrump's victory could have a positive impact on several big areas of healthcare investment.

Persons: —, Donald Trump's, Trump, He's, he'll, Robert F, Kennedy Jr, Trump's, Michael Greeley, Rebecca Noble, Tesla, JP Morgan Chase, Maven, Omada, Sean Duffy, Lina Khan, Stephen Hays, James Leynse, VCs, Carli Sapir, Jordan Nof, Greeley, Shiv Rao, Kennedy Jr's, Chrissy Farr, Phelps, Phillips, Farr Organizations: Trump, Service, Food and Drug Administration, Centers for Disease Control, Biden, Flare Capital Partners, Getty, Healthcare, Health, Cigna, Humana . Bloomberg, Federal Trade Commission, Investors, Business, Amboy Street Ventures, Tusk Venture, Senate, Affordable, Coalition for Health, Mayo Clinic, Johns Hopkins, Microsoft, Alignment Healthcare, Scrub Locations: Trump's Florida, Tuesday's, Trump's, Boston, America

☆ Trump’s win was real but not a landslide. Here’s where it ranks
▼ + stars: | 2024-11-09 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +4 min

In terms of the Electoral College, Trump is on track to win 312 electoral votes if his lead in Arizona holds. It would be a better showing than either his or Joe Biden’s 306 electoral votes in 2016 and 2020, respectively. But it would be far short of Barack Obama’s 365 electoral votes in 2008 and 332 in 2012. Bill Clinton never reached 50% in the popular vote because both of his presidential elections featured a strong third-party candidate in Ross Perot. But Clinton did run away with the Electoral College vote, winning 370 electoral votes in 1992 and 379 in 1996.

Persons: CNN — Donald Trump, ►, he’ll, Trump, it’s, Joe Biden’s, George W, Barack Obama’s, Bill Clinton, Ross Perot, Clinton, Ronald Reagan’s, Reagan, Walter Mondale, Richard Nixon, Lyndon B, Johnson, Sen, George McGovern, Nixon, Grover Cleveland Organizations: CNN, Republicans, Representatives, University of Florida, Electoral College, Trump, Electoral, Democratic, DC, Democrat, House, Senate, White, White House, Republican Locations: California, Washington and Utah, Arizona, Washington, Minnesota, South Dakota, Massachusetts

☆ Will Kevin Costner appear in the final episodes of 'Yellowstone' season 5? Here's everything we know.
▼ + stars: | 2024-11-09 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +6 min

Despite cutting ties, it appears that fans will see Kevin Costner in the new episodes of "Yellowstone." AdvertisementOver the last year, Kevin Costner made it clear that he had cut ties with "Yellowstone." Will Kevin Costner appear in the second half of "Yellowstone" season 5? Kevin Costner's character wasn't expected to appear in the episodes, given his highly-publicized fallout with creator Taylor Sheridan. Why did Kevin Costner leave "Yellowstone"?

Persons: Kevin Costner, Taylor Sheridan, —, John Dutton, Costner, It's, Will Kevin Costner, he'd, Costner's, Will Kevin Costner's, John, Kevin Costner's, Sheridan, Frederick M, Brown, it's, Reilly, Hauser, Puck Organizations: Service, Paramount Network, Hollywood Reporter, MTV Entertainment Studios, Business, Paramount, Hollywood Locations: Yellowstone, Sheridan

☆ New aspects of mummified Egyptians revealed by scans at Chicago’s Field Museum
▼ + stars: | 2024-11-09 | by ( Ashley Strickland | ) edition.cnn.com time to read: +10 min

Researchers at the Field Museum scan a mummified individual displayed in the "Inside Ancient Egypt" exhibition. Ancient Egyptians believed that the soul remained inside the body after death, so embalmers mummified bodies to preserve the spirit for the afterlife, according to Field Museum scientists. A Field Museum researcher analyzes composite scans of a mummified child. On display at the New York World’s Fair for two years, he then returned to the Field Museum after getting lost in the luggage and being sent to San Francisco. “One of the big things for these ancient Egyptian individuals is how you continue to live after death.

Persons: JP Brown, Morgan Clark, ”, Stacy Drake, Horus, Imsety, Hapy, Qebehsenuef, Brown, “, you’ve, Lady Chenet, Drake, ” Brown, They’ll, Lady, embalmers, ” Drake, we’re, Bella Koscal Organizations: CNN —, Chicago’s Field, Field Museum, ”, . Field, Field, Museum Locations: Egypt, Chicago, New York City, York, San Francisco

☆ Mark Zuckerberg isn't personally liable for any harm caused to children by Facebook and Instagram, judge says
▼ + stars: | 2024-11-09 | by ( Lauren Edmonds | Kenneth Niemeyer | ) www.businessinsider.com time to read: +5 min

A federal judge said Mark Zuckerberg is not personally liable in over two dozen lawsuits. AdvertisementA federal judge said Meta CEO Mark Zuckerberg is not personally liable in over two dozen lawsuits accusing his company of causing social media addiction in children. Plaintiffs said that Meta knew Instagram and Facebook posed health risks to its users, especially children. The court's ruling comes as world leaders crack down on some social media companies over claims that they are addictive to children and teens. AdvertisementIn Australia, Prime Minister Anthony Albanese this week announced plans to introduce a law banning children under 16 from having social media accounts.

Persons: Mark Zuckerberg, Meta, Instagram, —, Yvonne Gonzalez Rogers, Plaintiffs, Zuckerberg, TikTok, Anthony Albanese, Antigone Davis, Previn Warren Organizations: Facebook, Service, Associated Press, Meta, Business, Motley Rice LLC, Big Tech, Google Locations: California

But some are pointing to an issue with far less power in American politics: transgender rights. Between the 2020 and 2024 elections, transgender rights have become a political flashpoint in the nation’s culture wars. And perhaps nothing stoked more conversation than the issue of transgender girls and women competing in girls and women’s sports. “Please do not blame trans issues or trans people for why we lost,” he wrote on X on Thursday. Brianna Wu, a prominent transgender Democratic activist, told NBC News in an interview that the debate over trans rights has “radically shifted” in recent years.

Persons: Joe Biden, Tom Suozzi, “, Seth Moulton, I’m, Moulton, Tom Williams, Gilberto Hinojosa, ” Hinojosa, Brad Pritchett, Hinojosa’s, ” Pritchett, ”, Kamala Harris, Donald Trump, Bud, Lia Thomas, Thomas ’, Imane Khelif, Rich von Biberstein, Harris, “ Kamala, Trump, ” Harris, Hallie Jackson, Sam Alleman, Brianna Wu, Wu, ” Wu Organizations: ”, New York Times, “, Suozzi, Inc, Getty, Texas Democratic, Democratic, Equality, NBC News, NBC, American Civil Liberties Union, Corporate America, University of Pennsylvania’s, NCAA, Paris Games, University of Pennsylvania, AP, Republicans, AdImpact, NFL, Democratic National Convention, Congress, khakis Locations: Texas, Equality Texas, Algeria

☆ 3 people have been charged in connection with Liam Payne's death, Argentinian prosecutor says
▼ + stars: | 2024-11-08 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Liam Payne, 31, died on October 16 after falling from a hotel balcony in Argentina. Local prosecutors said on Thursday that they charged 3 people in connection with his death. AdvertisementThree people have been charged in connection with the death of former One Direction member, Liam Payne, Argentinian prosecutors said on Thursday. AdvertisementAccording to the statement, Payne's toxicology analysis showed that he had "traces of alcohol, cocaine, and a prescribed antidepressant in his body." Payne's body was handed over to his father, Geoff Payne, last week, prosecutors said.

Persons: Liam Payne, —, Payne, Geoff Payne, Simon Cowell, Harry Styles, Zayn Malik, Louis Tomlinson, Niall Horan, Styles —, We're Organizations: Service, Correctional Prosecutor's, Business Locations: Argentina, Bueno Aires

☆ Amy Coney Barrett: Meet the last best hope for Supreme Court liberals
▼ + stars: | 2024-11-08 | by ( Joan Biskupic | ) edition.cnn.com time to read: +19 min

CNN —Supreme Court Justice Amy Coney Barrett stands apart. And that is why Barrett has become the best hope for what remains of the liberal wing, particularly after Trump’s election victory. As Trump returns to the White House, the Supreme Court may be even more positioned to check the balance of powers. Nonetheless, progressives have few options, and an uncertain horizon, and cannot help but imbue Barrett with hope. “As Justice Barrett said…,” is a common Kagan refrain, too.

Persons: Amy Coney Barrett, Donald Trump’s, Barrett, Trump, imbue Barrett, Sandra Day O’Connor, Reagan, Anthony Kennedy, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Barrett homed, Sotomayor, …, Kagan, Kagan interjected, “, Richard Glossip, Brett Kavanaugh, Thomas, Roberts, Kavanaugh, Adam Feldman, Jake Truscott, Republican centrists O’Connor, Kennedy, Lewis Powell, Ruth Bader Ginsburg, Dobbs, Antonin Scalia, Scalia’s, Scalia, Jesse, Warren Burger, Clarence Thomas, Samuel Alito, Neil Gorsuch, they’ve, Gorsuch, ” Barrett, Jackson, Alito, ” Alito, Biden, Justice Roberts, CNN Kagan, Barrett’s, Roe, Wade, ‘, ’ Barrett, Adrian Zackheim, Justice Barrett, ” Zackheim, Sentinel publicists, Sen, Mitch McConnell, McConnell, Barack Obama’s, Merrick Garland, Ginsburg Organizations: CNN, Republican, White, Republicans, Representatives, Notre Dame, Trump, Democratic, Glossip, Jackson, Health Organization, New York, Association, Harvard, ., Biden, Capitol, of Education, Ronald Reagan, Sentinel, Penguin Random, Wall Street, University of Louisville McConnell Center Locations: America, Oklahoma, ”, . United States, New Orleans, Washington, Haiti, Idaho, California, Louisville

☆ The NFL is heading to Germany – and the country has fallen for American football
▼ + stars: | 2024-11-08 | by ( Eduardo Tansley | ) www.nytimes.com time to read: +11 min

The German balances punditry with his role as the commissioner of the European League of Football, a professional American football league founded in 2020 which has 18 teams split into three conferences. Paid options with increased coverage are now available through DAZN, the NFL League Pass, and RTL+. According to the NFL, there are approximately 19million fans in Germany, with 3.6m (18.9 per cent) following the NFL closely. The German Olympic Sports Confederation (DOSB) has 500 registered football teams with more than 70,000 members, according to sports marketing agency SPORTFIVE. There are 14 German players in the NFL Academy, based at Loughborough University in the United Kingdom.

Persons: Holt, ” Patrick Esume, Jürgen Kessler, Esume, ” Esume, Tom Brady, Sebastian Widmann, Daniel Jensen, ” Jensen, ”, Jakob Johnson, Marcel Dabo, Aaron Jones, Amon, Ra St, Brown, Gerrit Meier, Bjoern Werner, Markus Kuhn, Sebastian Vollmer, Duke Dennis, Ian Maule, Jensen, “, Meech Robinson Organizations: American, NFL, Allianz Arena, New York Giants, Carolina Panthers, Frankfurt’s Deutsche Bank Park, RTL, Athletic, Sky Sports, ITV, “, European League of Football, Getty, Hamburg Silver Eagles, Hamburg Blue Devils, Tampa Bay Buccaneers, Seattle Seahawks, Munich’s Allianz, Hamburg, NFL Europe, Bundesliga, Soccer, Bayern Munich, Bayer Leverkusen, Super, Kansas City Chiefs, Miami Dolphins, Sports Illustrated, Chiefs, New England Patriots, Dallas Cowboys, Pittsburgh Steelers, Patriots, Green Bay Packers, Giants, Indianapolis Colts, Minnesota Vikings, U.S . Army, Detroit Lions, Colts, Olympic Sports, SPORTFIVE, German Basketball Association, NBA, NFL Academy, Loughborough University, NCAA Division Locations: Germany, Europe, Munich, United Kingdom, American, U.S, DAZN, NFL Europe, German, Frankfurt, America, Mexico, “ St, Las Vegas, Los Angeles

☆ Donald Trump's pledge to 'never ban' TikTok will be tough to fulfill, legal experts say
▼ + stars: | 2024-11-08 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

During his 2024 presidential campaign, Donald Trump said he would "never ban TikTok." Business Insider asked legal experts what Trump could do to rescue the app, if he chooses to. In June, the president-elect told the app's users he would "never ban TikTok." Legal experts told Business Insider that TikTok's future in the US is still very much in question despite Trump's election win. Cornell's Hans said any tactic a future Trump administration might take to keep TikTok around would be "uncharted territory."

Persons: Donald Trump, Trump, —, it's, Joe Biden, hasn't, I'm, G.S, Hans, Matthew Schettenhelm, TikTok, Aram A, Barack Obama's, Bloomberg's Schettenhelm, Who's, Schettenhelm, TikTok Trump, Gavoor, Alan Rozenshtein, Cornell's Hans Organizations: Business, Service, Appeals, District of Columbia Circuit, DC Circuit, Trump, Congress, Cornell Law School, BI, Bloomberg Intelligence, Department, Foreign, Justice Department, George Washington University Law, Defense, Trump's, Apple, Google, University of Minnesota, Fast Company, TikTok Locations: China

☆ Pelosi hops on the Biden blame game and says there should've been an open primary
▼ + stars: | 2024-11-08 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +3 min

Nancy Pelosi told the NYT that Biden's actions made it "almost impossible" to have a primary. She joins the chorus of Democrats blaming Biden for Harris' loss on Tuesday. AdvertisementRep. Nancy Pelosi is blaming President Joe Biden in part for President-elect Donald Trump's victory on Wednesday. In an interview with the New York Times, Pelosi implied Biden should have dropped his presidential bid earlier and made time for an open primary. "Had the president gotten out sooner, there may have been other candidates in the race," Pelosi told the Times on Thursday.

Persons: Nancy Pelosi, Biden, Harris, Pelosi, —, Joe Biden, Donald Trump's, Kamala Harris, couldn't, Pelosi didn't Organizations: Service, New York Times, Times, Democratic National Convention Locations: California

☆ A Qantas flight made an emergency landing in Sydney due to a suspected engine failure on a Boeing 737
▼ + stars: | 2024-11-08 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Qantas flight QF520 had to make an emergency landing in Sydney after a suspected engine failure. As of June 30, the Qantas Group had 347 aircraft, 75 of which were Boeing 737-800 planes. AdvertisementA Qantas flight headed to Brisbane had to make an emergency landing at Sydney Airport after a suspected engine failure. Qantas flight QF520 made a safe landing just after 1 p.m. local time, a spokesperson for Sydney Airport told Business Insider. As of June 30, the Qantas Group had 347 aircraft, 75 of which were Boeing 737-800 planes.

Persons: QF520, — Organizations: Qantas, Boeing, Qantas Group, Service, Sydney Airport, Business, Aviation, Fighting, Sydney, Airbus, Alaskan Airlines Locations: Sydney, Brisbane, Tokyo, Oregon, California

☆ Mary Schlais Wisconsin 1974 cold case solved after killer identified with genetic genealogy
▼ + stars: | 2024-11-08 | by ( Emma Tucker | ) edition.cnn.com time to read: +4 min

CNN —Investigators in Wisconsin used genetic genealogy to solve a 50-year-old cold case this week, charging an 84-year-old Minnesota man with killing a woman who was found dead in 1974, authorities said. “This is a huge victory for our agency,” Bygd said at a Friday news conference. It’s the first time the agency has used genetic genealogy to solve a case, the sheriff said. Forensic genetic genealogy can generate leads for unsolved cases by analyzing DNA on top of traditional genealogy research, according to the US Department of Justice. So, I think he was done fighting it, personally,” said Sheriff Bygd.

Persons: Mary K, Jon Miller, “, Schlais, Kevin Bygd, He’s, Bygd, ” Bygd, Miller, Sheriff Bygd, Dan Westland, Jason Stocker, ”, Stocker, it’s, It’s, “ … I’ve, that’s Organizations: CNN — Investigators, Ramapo College, US Department of Justice Locations: Wisconsin, Minnesota, Spring Brook , Wisconsin, Dunn, Chicago, Owatonna , Minnesota, Dunn County, Steele County , Minnesota, New Jersey, Westland

☆ Powell to Trump: Go ahead, make my day
▼ + stars: | 2024-11-08 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

That’s essentially what Federal Reserve Chair Jerome Powell is experiencing with President-elect Donald Trump’s return to the White House. When a reporter asked the Fed chair if he’d resign if Trump asked him to, Powell didn’t miss a beat. Removing a Fed chair isn’t so simpleIf Trump, or any president for that matter, were to try to remove a Fed chair, they would encounter a steep uphill battle. Ultimately, the Supreme Court could have the final say on what merits a “for cause” firing of a Fed chair. Trump has tried testing the limits anywayNevertheless, Trump threatened to fire Powell on several occasions when he was first president.

Persons: That’s, Jerome Powell, Donald Trump’s, Trump, he’d, Powell didn’t, “, ”, curtly, ” Powell, Powell, won’t, Powell doesn’t, Joe Biden, ” Trump Organizations: New, New York CNN, Federal, Trump, Republican, Bloomberg, Economic, of Chicago Locations: New York

Fed Chair Jay Powell said Thursday that he would not resign if president-elect Donald Trump asked him to. Asked whether he would step down amid chatter that Trump's advisors had suggested he do so, Powell replied, "No." Trump himself nominated Powell as Federal Reserve chairman in 2017 in his first administration. Powell made the comments during his regularly scheduled remarks following the release of the Federal Open Market Committee's latest statement on interest rate policy. Representatives for Trump did not immediately respond to a request for comment.

Persons: Jay Powell, Donald Trump, Powell, Trump, readying, ” Trump, Scott Bessent, Kevin Warsh Organizations: Federal, Trump, Bloomberg, Chicago Economic, Reuters, CNN, NBC News, CNBC

☆ The four best bank stocks to own amid the Trump trade, according to top analyst Graseck
▼ + stars: | 2024-11-07 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

A Donald Trump presidency and Republican-controlled Senate could boost big banks, according to Morgan Stanley analyst Betsy Graseck. The analyst highlighted four big banks investors should look toward: Citigroup, Goldman Sachs , Wells Fargo and Bank of America . The acceleration in capital markets should benefit all the big banks, and Goldman Sachs is set to benefit the most, she noted. Meanwhile, Citigroup is most exposed to tailwinds from higher excess capital levels as a Republican-led government is unlikely to raise current capital requirements. She estimates this will result in an $86 billion jump in current excess capital for the big banks in the firm's coverage.

Persons: Donald Trump, Morgan Stanley, Betsy Graseck, financials, Financials, Graseck, Goldman Sachs, Wells, Goldman Organizations: Republican, Trump, House Republicans, Citigroup, Bank of America Locations: Wells Fargo, Basel

☆ What a Republican sweep in Congress could mean for the stock market—in one chart
▼ + stars: | 2024-11-07 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

Former President Donald Trump has won the 2024 election, sweeping into office on a wave of support for Republican candidates. NBC News reports that the previously Democrat-controlled Senate will have a Republican majority. After all, the S&P 500 has gone up during 17 of the last 20 four-year presidential terms. A divided Congress in particular tends to bode well for investors, with average yearly gains of 15.7% under Democratic presidents and 13.7% under Republican presidents. Should the S&P 500 finish out 2024 up from the previous year (it's currently up about 25%), it will mark 14 consecutive years of positive returns under split Congresses.

Persons: Hakeem Jeffries, Mitch McConnell, Charles Schumer, Mike Johnson, Donald Trump, It's, Trump, Ryan Detrick, bode, it's Organizations: U.S, Capitol, Republican, NBC News, Carson Group, Democratic Locations: D, Ky

☆ Starbucks and Luckin are in a fight for the global coffee market. I visited both to see how they stack up on price, menu, and vibe.
▼ + stars: | 2024-11-07 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +8 min

Luckin Coffee, which has put up a strong fight against Starbucks in Asia, is looking to the US. The chain is known for its aggressive deals, unusual flavors like a Big Cheese coffee drink, and mobile ordering. Luckin versus StarbucksI started at Luckin Coffee. Aditi BharadeThe most expensive drink on the menu was an Iced Oat Shakerato listed for 8 Singapore dollars, or $6. Representatives for Luckin Coffee didn't respond to a request for comment from BI for this story.

Persons: —, Brian Niccol, Niccol, Luckin, Aditi Bharade, Rachel Ruggeri, Ruggeri, It's, David Yu, Jiang, it's, Tiruchelvam, Yu Organizations: Starbucks, Service, Business District, Staff, Singapore, Luckin, BI, Bros, NYU, Aletheia Capital Locations: Asia, China, Singapore, Beijing, United States

☆ Raygun, the Olympic breakdancer who became a laughing stock, says she is retiring because of the backlash
▼ + stars: | 2024-11-07 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Gunn suffered ridicule and false rumors after her Paris Olympics performance. AdvertisementThe Olympic breakdancer Rachael "Raygun" Gunn is retiring from the sport after facing a barrage of online hate and misinformation. The 37-year-old Australian became a laughing stock this summer after her viral Paris Olympics performance, which included moves that were compared to a kangaroo hopping and the dancing of a child. Speaking at her concert in Munich in August, Adele said Gunn's performance was her "favorite thing that's happened in the Olympics." "Having that Olympic stamp for any sport changes the game of play," Born Barikor, the chair of the UK organisation Breaking GB, told Fortune.

Persons: Rachael, Raygun, Gunn, —, France's Syssy, Lithuania's Nicka, she'd, 2DayFM, it's, Samuel Free, AUSBreaking, Harry Langer, Adele, Jimmy Fallon, Fallon, I've, you've, Mark Kolbe, Joycelyn Wilson, Fortune, Gunn didn't Organizations: breakdancing, Olympics, Angeles, Service, Paris Olympics, Angeles Olympics, International Olympic, Getty, Georgia Institute of Technology, Breaking, Macquarie University, Nova, Business Locations: Sydney, Munich, Australian

☆ FDA proposes ending use of decongestant found in many cold, allergy medicines
▼ + stars: | 2024-11-07 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

The Food and Drug Administration on Thursday proposed ending the use of a common ingredient found in many popular over-the-counter cold and allergy medications. The agency said an extensive review of available data determined that the ingredient, oral phenylephrine, doesn't actually relieve nasal congestion. The FDA said the proposed order is not based on safety concerns and not final yet, which means companies can still market over-the-counter drugs containing oral phenylephrine for now. Last year, CVS said it has already moved to pull certain medicines containing oral phenylephrine. The designation, typically used for older medicines, allows drugmakers to include an ingredient in over-the-counter products without the need to file an FDA application.

Persons: doesn't, Patrizia Cavazzoni, Johnson, Kenvue, Phenylephrine, Pseudoephedrine Organizations: Drug Administration, FDA, FDA's Center, Drug, Research, CVS, Procter, Gamble, Bayer, Walgreens, University of Florida, Consumer Healthcare Products Association Locations: Hawthorne , California, U.S

☆ Investors accuse the ex-CEO of the company that helped take Trump Media public of stiffing them out of millions of shares
▼ + stars: | 2024-11-07 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +6 min

Investors accuse Florida businessman Patrick Orlando of diverting millions of Trump Media shares from them. Orlando was the CEO of the blank check firm that helped take Trump Media public. AdvertisementInvestors have accused the ex-CEO of the blank check firm that helped take the parent company of President-elect Donald Trump's social media site public of stiffing them out of million of shares. Orlando, his attorneys, and attorneys for ARC Global did not immediately respond to requests for comment from Business Insider on Thursday. "Specifically, as Managing Member of ARC, Orlando conveyed roughly 46% of ARC's membership interest to Franlu in a secret transaction for zero consideration in exchange."

Persons: Patrick Orlando, Orlando, —, Donald Trump's, Donald Trump, Kamala Harris Organizations: Trump Media, Service, Florida, ARC Global Investments, Trump Media & Technology Group, Acquisition Corporation, Orlando, ARC Global, Business, ARC, Belsize Ventures, Franlu, Securities, Exchange Commission, Trump Media & Technology Group Corp, SEC, Trump Locations: Florida, Orlando, Delaware's Chancery, Cayman Islands, Miami

☆ Ridley Scott said he isn't worried about the future of Hollywood and streaming because he gets 'overpaid anyway'
▼ + stars: | 2024-11-07 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Ridley Scott says the future of Hollywood doesn't worry him because he gets "overpaid anyway." AdvertisementRidley Scott said the future of Hollywood and streaming doesn't worry him because he gets "overpaid anyway." While doing press for the film, Scott shared his thoughts on Hollywood and movies that go directly to streaming. AdvertisementIt's not clear what Scott earned for "Napoleon," but Variety reported that he had a budget of $200 million. AdvertisementThe director added that he doesn't think younger audiences have the same relationship with movies as previous generations do.

Persons: Ridley Scott, Pedro Pascal, Paul Mescal, Napoleon, —, Thelma, Louise, Russell Crowe, Maximus, Lucius, Scott, Joaquin Phoenix, Napoleon Bonaparte, Kyle Buchanan Organizations: Hollywood, Apple, Service, Sony, New York Times, Times, Variety

☆ Goldman says buy these stocks that are set to benefit most from Trump tax cuts
▼ + stars: | 2024-11-07 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Trump favors slashing the corporate tax rate to 15% from 21%. To find a group of beneficiaries from lower corporate tax rates, Goldman screened for stocks that have seen the highest median corporate tax rate over the past ten years. Companies on the list pay median corporate tax rates higher than the S & P 500 median of 21%. CEO Bob Iger's media company also has one of the highest ten-year median corporate tax rates found by Goldman, at 29%. Hilton has also paid a ten-year median corporate tax rate of 29%.

Persons: Donald Trump's, Goldman Sachs, David Kostin, Kostin, Trump, Trump's, Goldman, Disney, Bob Iger's, FactSet, Hilton Organizations: White, Goldman, Dow Jones, Nasdaq, U.S . House, GOP, Republican, Companies, DIS, Disney, Hilton Worldwide Holdings, FactSet, Delta Airlines, American Express

☆ Intel says it's bringing back free office coffee to boost morale after a rough year
▼ + stars: | 2024-11-07 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

Intel is bringing back free beverages for its employees at worksites. AdvertisementIntel will once again offer free coffee and tea to its employees after slashing the perks as part of its cost-cutting efforts. The chip manufacturer said free in-office beverages would return to worksites in an internal message in a bid to improve morale, the Oregonian reported. Intel told employees it would stop providing free beverages and fruit at worksites. a former Intel employee told BI.

Persons: —, Paul Otellini, OpenAI, Bob Swan, Jaque Silva Organizations: Intel, Service, Oregonian, Business, Apple, Nvidia, Reuters, Getty, Samsung Locations: worksites, OpenAI, Oregon

☆ Why you shouldn't get caught up in the post-election stock-market frenzy: Morningstar
▼ + stars: | 2024-11-07 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Investors boosted stocks after Donald Trump won a second term. But investors shouldn't depart from their long-term investing plan, Morningstar's Dave Sekera says. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But even as prices soar, it's important not to get caught up in the mania beyond your normal risk tolerance, warns Morningstar Senior US Market Strategist Dave Sekera. "The small-cap space, even with today's bump, it's still the most undervalued part of the market in our view," he said.

Persons: Donald Trump, shouldn't, Dave Sekera, —, Morningstar, Sekera, Trump, aren't, Goldman Sachs, shouldn't overreact, John Rekenthaler, Joe Biden, That's, it's Organizations: Service, Dow Jones, White Locations: bullishness

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