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☆ I spent 10 years and $800,000 renovating an Arkansas missile silo. It's my greatest accomplishment, but I don't recommend others try it.
▼ + stars: | 2024-11-23 | by ( Dan Latu | ) www.businessinsider.com time to read: +9 min

AdvertisementArkansas resident GT Hill purchased a missile silo, decommissioned in the 1980s, for $90,000 in 2010. He bought a $90,000 decommissioned missile silo and turned it into an Airbnb. If it's a Walking-Dead-style apocalypse, you don't want to be in a missile silo because then you're trapped inside. Lastly, I was interested in owning a missile silo because it's just kick ass. Courtesy of GT HillI found my missile silo, called Titan II, online.

Persons: Hill, I'm, It's, we're, We've, We'd, we've, Kara, Nate, Lynne Peeples, everybody's, it's Organizations: GT Hill, GT, Air Force, US, Titan Locations: Arkansas, Vilonia , Arkansas, Oregon, Searcy , Arkansas, Russia

☆ The US is finally going to make a key explosive at home, and that's good news for the military
▼ + stars: | 2024-11-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

But a new US Army contract for a TNT production facility in Kentucky will change that. The US intends to start making TNT at home again. The US Army plans to build a domestic production facility for the explosive compound, which the Pentagon has long been forced to obtain from overseas. Restarting domestic TNT production is an investment in the country's industrial base, she said. The new TNT production facility is expected to help strengthen the US military's preparation for large-scale conflict.

Persons: It's, John T, Kevin Sterling Payne, Bradley Martin, Oleg Petrasiuk, Cynthia Cook, Cook, Reim Organizations: TNT, US Army, Pentagon, Factory, Army, USA, Defense, Armaments and, US, Russia, 24th Mechanised Brigade, AP, Industrial, Group, Center for Strategic, International Studies, Operation Locations: Kentucky, Russia, China, Ukraine, Army's, Germany, Navy, Kyiv, South Korea, Poland

☆ Chinese Marines are becoming more like US Marines, while the USMC returns to its roots
▼ + stars: | 2024-11-23 | by ( ) www.businessinsider.com time to read: +7 min

AdvertisementBack to their rootsUS Marine amphibious assault vehicles approach the USS Wasp during a 2020 ship-to-shore exercise. This is transforming the US Marine Corps into "an archipelagic maneuver force designed to conduct littoral, sea-denial operations," Tangredi said. Ironically, the US Marine Corps is returning to its historical roots. This is what the US Marine Corps did for most of its history since its founding in 1775. AdvertisementAs for Chinese marines, their historical purpose was to storm Taiwan, not garrison tiny atolls on behalf of the navy.

Persons: Sam Tangredi, Tangredi, Lance Cpl, Jacqueline Parsons, Rudyard Kipling, Michael Peck Organizations: US Marine Corps, US, China's, Corps, Chinese Communist Party, CCP, China Maritime Studies, US Naval, PLA, People's, Army, PLAN, People's Liberation Army Navy, People's Liberation Army Navy Marine Corps, Nationalist, War College's Institute for Future Warfare, Marine, USS, US Navy, senior Marine, USMC, US Army, 3rd Littoral Regiment, South China, Marines, Navy, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Taiwan, United States, South China, of Africa, East, South, Roman, Vietnam, Iraq, Afghanistan, Pacific, America, Forbes

☆ Activist Ananym has a list of suggestions for Henry Schein. How the firm can help improve profits
▼ + stars: | 2024-11-23 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Henry Schein is a leading global distributor of health-care products and services primarily to office-based dental and medical practitioners. Health care distribution covers Henry Schein's distribution of dental and medical products, such as laboratory products, pharmaceuticals, vaccines, surgical products, dental specialty products and diagnostic tests. While Henry Schein has successfully carved into the office-based physician niche as the No. Henry Schein is a great company that has gotten sleepy and been allowed to coast when it could have been soaring. Several directors have been in their seats at Henry Schein for over a decade and the board lacks best-in-class distribution expertise.

Persons: Henry Schein, Charlie Penner, Alex Silver, Schein's, Henry Schein's, Patterson, Benco, Schein, Stanley Bergman, Ananym, Ken Squire Organizations: Ananym Capital Management, Jana Partners, P2 Capital Partners, Cardinal Health, 13D Locations: New York, EBITDA ., EBITDA

☆ Trump's pick for Treasury secretary shows there's a limit to Elon Musk's influence
▼ + stars: | 2024-11-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Musk recently said his choice for the influential Treasury secretary role would be Howard Lutnick. As President-elect Donald Trump assembles the key players to drive his new administration's agenda, Elon Musk is rarely far away. Trump tapped hedge fund manager Scott Bessent, the founder and chief executive of Key Square Group, to be his next Treasury secretary on Friday. Bessent, a Wall Street veteran and a top economic advisor to Trump, emerged as a favorite of the president-elect while on the campaign trail this year. The Wall Street Journal reported that Trump sought advice from Wall Street leaders for the Treasury spot, and his advisors told him that analysts would view Bessent as a stabilizing figure.

Persons: Elon, Donald Trump's, Musk, Howard Lutnick, Trump, Scott Bessent, Donald Trump, Elon Musk, Vivek Ramaswamy, Bessent, Cantor Fitzgerald, — Organizations: Mar, UFC, of Government Efficiency, Trump, Key Square, Wall Street, Senate, Street Journal, Treasury, Business Locations: Lago, Florida, New York, Trump's, United States

☆ Meet 21 DC power players who shape federal policy for chip companies like Intel, Nvidia, and TSMC
▼ + stars: | 2024-11-23 | by ( Helen Li | ) www.businessinsider.com time to read: +3 min

AdvertisementThe CHIPS and Science Act, offering over $30 billion in incentives, spurred semiconductor lobbying. Related VideoAmerican manufacturers like Intel and Micron boosted their lobbying funding, while foreign companies like TSMC assembled their DC-based government relations teams in response. Business Insider reviewed lobbying public disclosure reports associated with various chip companies and focused on the top listed lobbyists and governmental affairs departments. Only three companies—Polar Semiconductor, Global Foundries, and TSMC—have finalized funding contracts out of 21 set to receive CHIPS Act grant funding. The spokesperson declined to comment on chip lobbying efforts and the specifics of individual CHIPS applicants.

Persons: TSMC, Chris Miller, Joe Biden's, Donald Trump, Joe Rogan, TSMC —, Lori Yue, Yue, Trump, Howard Lutnick, Cantor Fitzgerald Organizations: Nvidia, TSMC, Intel, Big Tech, Micron, AMD, Business, Polar Semiconductor, Global, of Commerce, Companies, Columbia Business School, The Locations: Washington, Washington ,, Taiwan

☆ 1,200 baby boomers told us what they regret about investing for retirement
▼ + stars: | 2024-11-23 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

Millions of Americans facing retirement are worried they won't be financially prepared — or fear that they'll have to work forever. Others said they took Social Security too early or retired without a long-term financial plan. Some older Americans wish they'd had more investing knowledgeA major theme among BI's survey respondents was that they lacked knowledge about investing. She also didn't realize that because she has a pension in addition to receiving Social Security when she retires, she would be affected by a little-known Social Security provision that would lower her monthly check. Between her pension of $713 monthly and Social Security, which she expects will be between $1,200 and $1,400 monthly, she'll have just enough to cover her rent.

Persons: they'd, boomer, Gary Lee Hayes, he'd, Hayes, Charles Schwab, Nancy Seeger, Seeger, she's, I've, Nevenka Vrdoljak, Vrdoljak, PJ White, White, She's, hasn't Organizations: Social Security, Navy, Verizon, Vanguard, Transamerica Institute, Medicare, Bank, America's, Bank of America, Merrill, Bank of America Private Bank Locations: California, Cleveland, San Diego

President-elect Donald Trump on Friday asked Scott Bessent, a top fundraiser to his campaign, to serve as secretary of the Treasury Department, two sources familiar with the matter confirmed to NBC News. And with Trump proposing aggressive tariffs on imports from countries spanning the globe, the new Treasury Department chief will have to manage relationships with global finance ministers who may choose to retaliate with tariffs of their own. With inflation moderating over the past year, the Powell-led Fed has cut interest rates as part of a bid to stop high borrowing costs from unduly raising unemployment. In Trump’s first term, he tapped banker Steven Mnuchin to lead the Treasury Department. But his tenure at the Treasury Department was more stable than those of other high-level Cabinet posts in Trump’s first term.

Persons: Donald Trump, Scott Bessent, Bessent, Trump, Jerome Powell, “, ” Powell, Powell, Steven Mnuchin, Mnuchin, Trump’s Organizations: Treasury Department, NBC News, Senate, White, Republican, Congress, Federal Reserve, Bloomberg News, Fed, CNBC Locations: Hollywood

☆ Amazon to invest another $4 billion in Anthropic, OpenAI’s biggest rival
▼ + stars: | 2024-11-22 | by ( Hayden Field | Hayden Field Is A Cnbc Reporter | ) www.nbcnews.com time to read: +3 min

Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives. Anthropic is the company behind Claude — one of the chatbots that, like OpenAI’s ChatGPT and Google’s Gemini, has exploded in popularity. In March, Amazon’s $2.75 billion investment in Anthropic was the company’s largest outside investment in its three-decade history. The companies announced an initial $1.25 billion investment in September 2023. In September, Anthropic rolled out Claude Enterprise, its biggest new product since its chatbot’s debut, designed for businesses looking to integrate Anthropic’s AI.

Persons: Claude chatbot, Claude —, Claude, It’s, Anthropic, Jared Kaplan, Kaplan, Claude Enterprise Organizations: Microsoft, Meta, AWS, Amazon’s, CNBC, Google Locations: Anthropic, Amazon, San Francisco

Generic drugs are the backbone of medicines prescribed in the U.S.: They account for about 90% of all prescriptions filled, according to the Association for Accessible Medicines, a trade group that represents generic drugmakers. Karoline Leavitt, a spokesperson on Trump’s transition team, declined to say whether Trump planned to grant an exemption on generic drugs. According to the American Society of Health-System Pharmacists, a group that tracks drug shortages, there are 277 active drug shortages in the U.S., half of which have persisted for two or more years. That’s different from generic drugs, which are cheaper and are often sold at close to the cost for which they were made, he said. What concerns Kesselheim the most is that tariffs could cause generic drug prices to skyrocket should more generic drug manufacturers drop out.

Persons: Donald Trump, Trump, Aaron Kesselheim, Janet Woodcock, ” Woodcock, Arthur Caplan, you’ve, ”, drugmakers, Woodcock, Karoline Leavitt, Leavitt, ” Kesselheim, Hurricane Helene, “ Organizations: Harvard Medical School, Association for Accessible Medicines, Food and Drug Administration, NYU Langone Medical, American Society of Health, System, Baxter International Locations: China, U.S, India, New York City, Hurricane, North Carolina, Indonesia, United States

The Summary Environmental organizations are preparing to push back against the incoming Trump administration. Environmental groups are already gearing up for legal fights and soliciting donations accordingly. Environmental groups are gearing up to push back against the incoming Trump administration, which they expect to make sweeping policy changes more quickly than was seen when Donald Trump took office in 2017. The first Trump administration took at least 74 actions seen as weakening environmental policy, according to a tracker from the nonpartisan Brookings Institution. A cadre of environmental groups filed suit, and the monument was fully restored by Biden in 2021.

Persons: Trump, pare, Donald Trump, Joe Biden’s, Sean Hannity, Doug Burgum, Chris Wright, ”, Brett Hartl, Trump’s, “ We’re, Andrew Wetzler, it’s, Biden, Jillian Blanchard, “, ” Blanchard, Barack Obama, George Frey, Ethan Aumack, “ I’ll, ” Aumack, Wetzler, ” Wetzler Organizations: Biden, Infrastructure Investment, Jobs, Fox News, North Dakota Gov, Institution, Center for Biological, Natural Resources Defense Council, for Biological Diversity, Heritage Foundation, Good Government, Trust, Republican Party Locations: Southwest, Utah, Blanding , Utah, Arizona , Georgia, North Carolina, Washington

☆ JPMorgan says this steelmaker could gain more than 20% from here
▼ + stars: | 2024-11-22 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Carpenter Technology has multiple avenues of growth over the next few years, according to JPMorgan. Analyst Bennett Moore initiated coverage of the U.S.-based stainless steel and alloys manufacturer with an overweight rating and a price target of $220. "Shares have rallied ... on the back of strong demand, solid execution, and an attractive earnings outlook, and we feel the company is well positioned to capture further upside," Moore said in a Thursday note. Moore's investment thesis is built on the company's robust demand for its mostly customer-specific premium products, which he said gives Carpenter strong pricing power and supported its position as an "indispensable supplier." Carpenter Technology makes stainless steel and alloys, including a steel alloy used in manufacturing high-end knives.

Persons: Carpenter, Bennett Moore, Moore, Tim Leedy Organizations: Carpenter Technology, JPMorgan, Carpenter's, Medianews, Getty Locations: U.S

☆ JPMorgan says this steelmaker could could gain more than 20% from here
▼ + stars: | 2024-11-22 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Persons: Carpenter, Bennett Moore, Moore, Tim Leedy Organizations: Carpenter Technology, JPMorgan, Carpenter's, Medianews, Getty Locations: U.S

☆ There's another surge in Americans seeking secondary passports. Global citizenship firms explain what's changed.
▼ + stars: | 2024-11-22 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Global citizenship firms said clients are especially concerned about LGBTQ+ rights and the economy. American interest in secondary passports has been on the rise over the last year — and global citizenship firms have reported another surge since President Donald Trump's reelection. AdvertisementThe firm said it saw a 392% increase in inquiries from US nationals during election week compared to the week prior. AdvertisementHe said people are concerned about Trump's promise to raise tariffs, and how that could impact the economy and the US dollar. Leading up to the 2020 election, Jafri said there was an increase in interest from his clientele's Republican contingent.

Persons: Donald Trump's, Judi Galst, Reaz Jafri, Dasein, Jafri, isn't, he's, Galst, Rose Emmett, she's, Emmett, Elizabeth Warren, they've, Galt Organizations: Global, Henley & Partners, New, CS Global Partners, Republican Locations: New York, Europe, London, United States

☆ Miller: Private markets are as varied as the public side.
▼ + stars: | 2024-11-22 | 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 EmailMiller: Private markets are as varied as the public side. Jake Miller, Co-Founder and Chief Solutions Officer of Opto Investments, explains private investment platforms give access to diverse markets like equity, credit, and real estate. He highlights the importance of liquidity and growing demand for smaller private credit loans underserved by banks, while cautioning against oversaturation in large loans.

Persons: Jake Miller Organizations: Opto Investments, oversaturation

☆ Crypto Boom Drives Investment Opportunities, With Coinbase and Robinhood Leading the Charge
▼ + stars: | 2024-11-22 | 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 EmailCrypto Boom Drives Investment Opportunities, With Coinbase and Robinhood Leading the ChargeDevin Ryan of Citizens JMP and Sarah Kunst of Cleo Capital discuss the surge in crypto interest, with Ryan noting growth in volumes and opportunities in payments and stablecoins, while Kunst highlights increasing institutional interest and potential acquisitions in the crypto space. Both see strong growth ahead for companies like Coinbase and Robinhood.

Persons: Devin Ryan, JMP, Sarah Kunst, Cleo Capital, Ryan Organizations: Cleo, Kunst

☆ How to buy a little insurance if the 2024 market boom loses some steam into year-end
▼ + stars: | 2024-11-22 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +2 min

The S & P 500 has now seen seven consecutive weeks of inflows, keeping the post-election momentum intact. I want to use the S & P 500 SPDR Trust ETF (SPY) to hedge these gains and bet against the consensus of markets finishing the year on a high note. SPY YTD mountain SPDR S & P 500 ETF Trust, YTD Investors have rejoiced with expectations for a more business-friendly economy ahead following President Elect Donald Trump's victory in early November. My short-term view of a shallow repricing in the S & P 500 might come to fruition now that we have Nvidia's earnings in the rearview mirror. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Donald Trump's, Long Organizations: Bank of America, SPDR, Trust, YTD Investors, Treasury, CNBC, NBC UNIVERSAL

CNN —President-elect Donald Trump named billionaire Scott Bessent as his pick to serve as the next secretary of the Department of the Treasury. A key Cabinet player, the US Treasury secretary advises the president on economic and fiscal matters, including spending and taxes. Bessent would be the first out gay Treasury secretary, as well as the first LGBTQ Senate-confirmed Cabinet member in a Republican administration, according to The Associated Press. Compared to Lutnick’s more aggressive campaign for the role, Bessent led a more understated quest for the position. All of the names Trump put out Friday night had been decided by the afternoon, the sources said, but he wanted to name his Treasury secretary first before publicly releasing his other decisions.

Persons: Donald Trump, Scott Bessent, “ Scott, ” Trump, Scott, ” Bessent, Trump, George Soros, Bessent’s, Bessent, Pete Buttigieg, ”, Howard Lutnick –, Lutnick, Cantor Fitzgerald, fides, MAGA, Elon, Steven Mnuchin, Mnuchin, Kayla Tausche, Matt Egan Organizations: CNN, Department of, Treasury, of Innovation, Capital, U.S, Reserve, Square Capital Management, Soros Fund Management, Democratic, Senate, Republican, Associated Press, Biden, Wall Street, Trump, ”, Financial Times, CNBC, Soros, United, Republicans, Treasury Department Locations: United States, United States of America, China

☆ Final Trades: Deckers, Electronic Arts, Citigroup and the INDA
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Deckers, Electronic Arts, Citigroup and the INDAThe Investment Committee give you their top stocks to watch for the second half.

Organizations: Electronic Arts, Citigroup, Investment

☆ JPMorgan's AI rollout: Jamie Dimon's a 'tremendous' user and it's caused some 'healthy competition' among teams
▼ + stars: | 2024-11-22 | by ( Michelle Abrego | Bianca Chan | ) www.businessinsider.com time to read: +5 min

AdvertisementJPMorgan tech exec Teresa Heitsenrether talked about the bank's ongoing adoption of generative AI. And it certainly has helped with that," Heitsenrether, who is responsible for executing the bank's generative AI strategy, told a conference in New York on Thursday. AdvertisementDimon himself is a "tremendous user," she said, and is waiting for the ability to use the bank's tools on his phone. JPMorgan, America's largest bank, has now rolled out the LLM Suite, a generative AI assistant, to 200,000 of its employees. The wealth and asset management arm was the first division to use generative AI, piloting a generative AI "copilot" for its private bank this summer.

Persons: Teresa Heitsenrether, Heitsenrether, it's, Jamie Dimon, Dimon, He's, Keri Smith, What's, she'll, Sumitra Ganesh, Ganesh Organizations: JPMorgan, Accenture Locations: New York

☆ Amazon tries again, with another $4 billion, to get Anthropic to use its AI chips rather than Nvidia GPUs
▼ + stars: | 2024-11-22 | by ( Emma Cosgrove | Ben Bergman | ) www.businessinsider.com time to read: +5 min

The deal includes an agreement for Anthropic to use Amazon's AI chips more. The goal of all this money is mainly to get Amazon's AI chips to be used more often to train and run large language models. It's also going to help Amazon design future Trainium chips and contribute to building out an Amazon AI model development platform called AWS Neuron. The Information reported recently that Anthropic prefers to use Nvidia GPUs, rather than Amazon AI chips. In May, Bernstein analyst Stacy Rasgon told Business Insider he wasn't aware of any companies using Amazon chips at scale.

Persons: Anthropic, It's, Dario Amodei, we've, Andy Jassy, Bernstein, Stacy Rasgon, Jassy, Amodei Organizations: Amazon, Nvidia, Business, Google, — Locations: Anthropic, San Francisco

☆ Trump expected to nominate Scott Bessent for Treasury secretary
▼ + stars: | 2024-11-22 | by ( Alice Tecotzky | Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

AdvertisementTrump is preparing to nominate Scott Bessent, a billionaire investor, for Treasury secretary. President-elect Donald Trump is reportedly preparing to nominate Scott Bessent, a Wall Street veteran and campaign ally, for Treasury secretary, one of the biggest Cabinet prizes. AdvertisementBessent, 62, founded and runs the macro hedge fund Key Square Group and emerged as a key economic advisor to Trump on the campaign trail. Known for his interest in niche economic data, Bessent helped draft speeches and write policy proposals for Trump's economic ideas. Dubbed a "Trump whisperer" by Forbes, Bessent has signaled support for some of Trump's key proposals.

Persons: Scott Bessent, Bessent, George Soros, Donald Trump, Trump's, Trump, Al Gore, Soros, James Rogers, hasn't, John Freeman, he's, — Trump, Jerome Powell's Organizations: Trump, Wall Street, Group, GOP, Democratic, Street Journal, Yale, Soros Fund Management, Republican, Soros, Mar, Forbes, CNBC, Federal Locations: South Carolina, New York City, Charleston , South Carolina, Southampton , New York

☆ In forgotten parts of Singapore's iconic Orchard Road shopping street, a new era is taking shape
▼ + stars: | 2024-11-22 | by ( Kevin Lim | ) www.cnbc.com time to read: +6 min

The Far East Shopping Center on Orchard Road in Singapore, on Thursday, April 11, 2024. Bloomberg | Bloomberg | Getty ImagesThe Far East Shopping Center along Singapore's Orchard Road has seen better days. Orchard Road, Singapore's main shopping street, is 2.2 km (1.3 miles) long but much of the activity takes place in the middle of the stretch as well as at selected malls linked via underground walkways to subway stations. Far East Shopping Center isn't connected to Orchard MRT unlike several of its neighbors. Two of the properties, the voco Orchard hotel and Forum The Shopping Mall, share some 180 meters of frontage along Orchard Road.

Persons: Ong Beng Seng, hasn't, CDL, Singapore's URA, URA, Richard Goh, Rasa Singapura, Sukanto Tanoto, Du Shuanghua, Jeremy Lake Organizations: Shopping, Bloomberg, Getty, Shopping Center, Singapore Botanic Gardens, Urban Redevelopment, Properties, Singapore, Developments, CDL Hospitality, Arts, CNBC, Singapore Botanic, Pacific Eagle, Food, Savills Singapore, Concorde Locations: Orchard, Singapore, Delfi Orchard, Istana Park, Canning, HPL

☆ Why some U.S. companies are scaling back DEI programs
▼ + stars: | 2024-11-22 | by ( Delon Thornton | ) www.cnbc.com time to read: +1 min

Donald Trump's election has left some concerned that his policies could harm diversity, equity and inclusion initiatives, especially given some of his outspoken Cabinet picks and his interest in potentially dismantling the Department of Education. Though some companies are pulling back, many still view DEI as essential. DEI became a top priority for U.S. companies after the 2020 protests following George Floyd's murder. But in the past couple of years, some of these same companies like Google, Meta , Lowe's and Ford have scaled back their DEI initiatives, citing political pressure, high costs and economic uncertainty. Watch the video above to find out more about why some companies are pulling back from DEI initiatives.

Persons: Donald Trump's, Mary, Frances Winters, George Floyd's Organizations: of Education, The, Companies, Harvard Kennedy School, Fortune, McKinsey Institute, Google, Ford

☆ Caitlin Clark joins NWSL ownership group bidding to bring soccer team to Cincinnati
▼ + stars: | 2024-11-22 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +2 min

Caitlin Clark has joined an ownership group looking to create a National Women's Soccer League team in Cincinnati, Ohio. Cincinnati is a growing favorite among cities looking to become the 16th NWSL franchise, with other potential outposts including Denver, Cleveland, Philadelphia and Nashville. "The NWSL Cincinnati bid team is thrilled that Caitlin Clark has joined our ownership group in pursuit of bringing a women's professional soccer team to our city," the NWSL Cincinnati bid team wrote in a statement. Bay FC, which played its first season this year, spent $53 million to cover the NWSL expansion fee. The NWSL declined to comment on Clark's involvement with Cincinnati's ownership group.

Persons: Caitlin Clark, Clark, —, Jessica Golden Organizations: Indiana Fever, Dallas Wings, Gainbridge Fieldhouse, Women's Soccer League, BOS Nation Football Club, Bay FC, Sixth, Cleveland Soccer Group, University of Iowa, National Basketball Association Locations: Indianapolis , Indiana, Cincinnati , Ohio, Cincinnati, Denver, Cleveland, Philadelphia, Nashville, Greater Cincinnati, Boston

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