DIRS.INFO The most relevant business & tech news

☆ Lawsuit accuses billionaire Leon Black of raping autistic teenager at Jeffrey Epstein's townhouse
▼ + stars: | 2023-07-25 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Leon Black, Chairman, CEO and Director, Apollo Global Management, LLC, speaks at the Milken Institute's 21st Global Conference in Beverly Hills, California, May 1, 2018. A federal lawsuit filed Tuesday accused Leon Black, the billionaire co-founder of Apollo Global Management, of raping a then-16-year-old girl with autism in 2002 at the Manhattan townhouse of disgraced financier Jeffrey Epstein. "Wigdor's prior case against Mr. Black was recently thrown out by the Court and this one will be too. "This sham proceeding will be promptly dismissed and will provide further ammunition for Mr. Black's pending sanctions motion against the Wigdor firm," the lawyer said. The bid for sanctions also references Guzel Ganieva, who was represented by Wigdor in a 2021 lawsuit accusing Black of sexual assault and defamation was dismissed in May.

Persons: Leon Black, Jeffrey Epstein, Epstein, Ghislaine Maxwell, Wigdor, Black, Jane Doe, Jeanne Christensen, Jane Doe's, " Christensen, Susan Estrich, Estrich, Black's, Cheri Pierson, Pierson, Guzel Ganieva, Ganieva Organizations: Apollo Global Management, Milken, Global Conference, Black, New York Times, U.S . Virgin, Senate Finance, New York Supreme, Wigdor Locations: Beverly Hills , California, Manhattan, U.S, New York, Epstein's Manhattan

☆ The Hollywood strikes could cost the economy billions
▼ + stars: | 2023-07-25 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Hollywood writers and actors have been on strike for over a week. Economists are warning that the shutdown could cost the US billions of dollars. The previous writers' strike in 2007 wiped $2 billion off Los Angeles' economy alone. Major films alone contribute around $250,000 to the US economy each day of production, according to data from the Motion Picture Association. New seasons of "The Last of Us", "Euphoria", and "The White Lotus" have already been delayed as a result of the strikes.

Persons: Milken, Kevin Klowden, It's, Ted Lasso, Jason Sudeikis, Oscar, Susan Sarandon, Olivia Wilde Organizations: Service, Milken Institute's, Yahoo Finance, Motion, Association, The, Guild of America, SAG Locations: Angeles, Wall, Silicon, Los Angeles, California, LA, New York, Albuquerque, Atlanta, Pittsburgh

☆ Senate panel probes billionaire Leon Black's $158 million in payments to Jeffrey Epstein
▼ + stars: | 2023-07-25 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

A Senate panel on Tuesday revealed a yearlong investigation into Apollo Global Management co-founder Leon Black's ties to the late disgraced financier Jeffrey Epstein, with a focus on $158 million Black allegedly paid Epstein for tax and estate planning services. The probe into Black's tax schemes is one of a series of investigations by the committee into how ultra-wealthy people skirt their tax bills, Wyden's letter said. The committee's latest round of questions are "inappropriately invasive" and potentially overstep the panel's oversight role, Black's memo contended. Overnight, the U.S. Virgin Islands lobbed new accusations against JPMorgan Chase in a lawsuit accusing the bank of enabling Epstein's criminal activity. Both the Virgin Islands and JPMorgan filed motions overnight for partial summary judgment in the lawsuit.

Persons: Leon Black, Leon Black's, Jeffrey Epstein, Epstein, Ron Wyden, Black, Wyden, Wealth Management David Brigstocke Organizations: Apollo Global Management, Milken Institute Global Conference, U.S . Virgin, JPMorgan Chase, JPMorgan, Asset, Wealth Management, Virgin Islands Locations: Beverly Hills , California, U.S, Slovakian

☆ They don’t act or write, but the Hollywood strikes are putting them out of work
▼ + stars: | 2023-07-22 | by ( Natasha Chen | ) edition.cnn.com time to read: +8 min

Elyea, and other small business owners have told CNN about the various ways they’re getting through the dry spell: cutting hours, laying off staff, or temporarily closing their doors. And you know, don’t be buying cars having to make big car payments, and don’t be making big plans with money you don’t have,” she told them. “I know I can get through it, but it takes years to recover,” Levelle told CNN in early July. Natalia Lopez told CNN in June that without her $20.74 per hour wage, she had shifted her grocery list to just basics, like rice and beans. Cendejas told CNN the studios should recognize the people essential at every level to get the work done.

Persons: Los Angeles CNN —, Milken, Remy De La Mora, Patrick Gallagher, Oppenheimer, Pam, Pam Elyea, she’s, ” Elyea, don’t, Pam Elyea Elyea, She’s, “, Elyea’s, Corri Levelle, Sandy Rose Floral, Natasha Chen, CNN Corri Levelle, ” Levelle, ”, Natalia Lopez, Lopez, Yolanda Cendejas, Cendejas, ” Yolanda Cendejas, CNN Cendejas, ” Cendejas, Chester Massetti, Victor Jr’s, you’re, ” Massetti, Massetti, Rosie Blosser, ” Blosser, Blosser Organizations: Los Angeles CNN, Hollywood, Writers Guild of America, SAG, Global, Hire, CNN, WGA, Sandy, SEIU United Service Workers, SEIU, Sony Studios, Amazon Studios, Paramount Studios, Culver City, Warner Bros, Washington, Apple, Warner Bros . Locations: North Hollywood, Los Angeles, Culver City, Culver, Burbank , CA

☆ Meta and Qualcomm team up to run big A.I. models on phones
▼ + stars: | 2023-07-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

But the AI boom has largely missed the companies that make leading edge processors for phones and PCs, like Qualcomm. The announcement on Tuesday suggests that Qualcomm wants to position its processors as well-suited for A.I. If large language models can run on phones instead of in large data centers, it could push down the significant cost of running A.I. Qualcomm will make Meta's open-source Llama 2 models available on Qualcomm devices, which it believes will enable applications like intelligent virtual assistants. Doing this will allow researchers and eventually commercial enterprises to use the AI models on their own computers without asking permission or paying.

Persons: Cristiano Amon, OpenAI's, Bard Organizations: Qualcomm, Milken Institute Global Conference, Calif, Meta, Nvidia Locations: Beverly Hills

☆ Why celebrities are on strike: Not every actor makes Tom Cruise money
▼ + stars: | 2023-07-17 | by ( Samantha Delouya | ) edition.cnn.com time to read: +9 min

However, the BLS noted in the data that actors aren’t paid full-time year-round due to the nature of the job. Screen Actors Guild members and supporters on a picket line in Times Square in New York, US, on Friday, July 14, 2023. Yuki Iwamura/Bloomberg/Getty ImagesBefore the contract between actors and movie studios officially expired this week, SAG-AFTRA members had negotiated specific minimum rates for performers. For example, an actor who worked on a television show for one week was paid a minimum of $3,756. According to Shaan Sharma, an actor and SAG-AFTRA board member, just 12.7% of SAG-AFTRA members qualify for the union’s health plan.

Persons: they’ve, Meryl Streep, Matt Damon, Fran Drescher, you’re, aren’t, Yuki Iwamura, Kellee Stewart, ”, “, Dwayne “, ” Johnson, Forbes, Johnson, Cruise, Tom Cruise, Barry Diller, ‘, ” Diller, “ I’m, Shaan Sharma, Rod McLachlan, it’s, ” McLachlan, Chris Pizzello, ” Stewart, Stewart, “ There’s, Bob Iger, ’, Iger, Netflix’s, Ted Sarandos, Greg Peters, “ Rather, AFTRA, Kevin Klowden, Klowden, Natasha Chen Organizations: CNN, SAG, Hollywood, Hollywood’s, Guild of America, US Bureau of Labor Statistics, BLS, Guild, Bloomberg, Getty, Forbes, Variety, CBS, Sunday, Paramount, Netflix, Twitter, Disney, CNBC, Walt Disney Studios, The Alliance, Television Producers, Paramount Pictures, Sony Pictures, Apple, Warner Bros, Milken Institute Locations: California, New York, Los Angeles, London, Australia, New Zealand

☆ Wells Fargo follows a solid quarter, promising investors something many of them count on
▼ + stars: | 2023-07-14 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Don't let Friday's stock action fool you: Wells Fargo (WFC) had a very good quarter. Shares of Wells Fargo initially climbed more than 2% following the earnings release, before giving up some of those gains. Wells Fargo stock was trading up slightly and down slightly Friday afternoon. WFC YTD mountain Wells Fargo YTD performance Bottom line It was very good quarter for Wells Fargo as the better-than-expected headline results came on the back of a lower-than-expected efficiency ratio, and slightly higher-than-expected net interest margin (NIM). Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023.

Persons: Wells, Wells Fargo, NIM, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim, Charlie Scharf, Patrick T, Fallon Organizations: —, Refinitiv, Auto, CNBC, Milken Institute Global Conference, Afp, Getty Locations: Wells Fargo, Wells, Beverly Hills , California

Senator Joe Manchin (D-WV) speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. Senator Joe Manchin said on Thursday he would oppose the nomination of Julie Su as labor secretary, arguing her "progressive background" would prevent her from forging compromises between labor and industry representatives. President Joe Biden nominated Su, a civil rights lawyer and former California labor commissioner who has served as a deputy labor secretary since 2021, to become labor secretary in February. Su previously served as California's labor secretary. "The president's support for Acting Secretary Su is unwavering, and we hope Senator Manchin and Senator Sinema reconsider their position," the White House official added.

Persons: Joe Manchin, Mike Blake, Julie Su, Manchin, Joe Biden, Su, Marty Walsh, Walsh, Kyrsten Sinema, Biden, Sinema, Bernie Sanders, Rami Ayyub, Nandita Bose, David Shepardson, Kanishka Singh, Jamie Freed Organizations: Milken, Global Conference, REUTERS, WASHINGTON, Democratic U.S, National Hockey League, Democrat, White, White House, U.S ., Thomson Locations: Beverly Hills , California, U.S, California, U.S . West Coast

☆ Are sports drinks good or bad for you? A medical analyst explains
▼ + stars: | 2023-07-11 | by ( Katia Hetter | ) edition.cnn.com time to read: +10 min

Dr. Leana Wen: It’s important to distinguish between sports drinks and energy drinks. There are also energy drinks that are often, and unfortunately, confused with sports drinks. Those consuming energy drinks instead of sports drinks or water may become dehydrated. This could be because of confusion between sports drinks and energy drinks, so people should be careful to choose the beverage that’s appropriate for their purpose. And really distinguish between sports drinks that replenish electrolytes and fluids versus energy drinks.

Persons: Chuck Schumer, Schumer, Leana Wen, Wen, I’d Organizations: CNN, US Food and Drug Administration, Prime Energy, Red Bulls, George Washington University Milken Institute School of Public Health, Energy, US Centers for Disease Control, American Academy of Pediatrics, The American Academy of Pediatrics, Getty, Endurance

Weekly orders this year now average 26 as the strike by the Writers Guild of America (WGA) halted many film and TV productions, Elyea said. Florists, caterers, costume suppliers and others have seen orders dwindle as many are still recovering from disruptions caused by COVID-19. No new talks are scheduled between major Hollywood studios and the writers, who are seeking higher pay and guardrails around the use of artificial intelligence. The strike's impact would be magnified if the SAG-AFTRA actors union also goes on strike when its contract expires on Friday. "Now, there's the writers' strike, and we're losing the movies that have been so good to us."

Persons: Pam Elyea's, Elyea, Kevin Klowden, Klowden, You've, Ross Garner, Danni Sapp, Sapp, Cristina, John Iverson, Cristina Iverson, Iverson, we're, hadn't, Lisa Richwine, Dawn Chmielewski, Danielle Broadway, Rollo Ross, Mary Milliken, Sandra Maler Organizations: Hollywood, Hire, Writers Guild of America, SAG, WGA, Milken Institute, NFP's Entertainment Group, Services, Netflix, HBO, Television Fund, Vogue, FBI, Thomson Locations: ANGELES, Los Angeles, California, United States, COVID, New Mexico, Santa Fe, Waco

☆ India is heading for 'very high growth' but challenges remain, says Goldman Sachs CEO
▼ + stars: | 2023-06-28 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California. Michael Kovac | Getty Images Entertainment | Getty ImagesIndia has a "very, very high growth trajectory," but bureaucratic challenges persist, CEO of Goldman Sachs David Solomon said in an exclusive interview with the Economic Times. "A great deal has happened in the world and I think looking at India, people see opportunity. He said there will be changes to the terms of engagement going forward, "but that is different from a complete economic decoupling. In turn, it presents a very interesting opportunity for India, but it's also not without challenges."

Persons: David Solomon, Goldman Sachs, The Beverly Hilton, Michael Kovac, Goldman Sachs David Solomon, Solomon, it's Organizations: Milken Institute Global, The Beverly, The Beverly Hilton Hotel, Getty, Economic Times Locations: Beverly Hills , California, India, China, U.S

☆ How to stay healthy in hot weather
▼ + stars: | 2023-06-28 | by ( Katia Hetter | ) edition.cnn.com time to read: +7 min

And how can everyone prepare for hot weather events outdoors? She previously served as health commissioner of Baltimore, where her duties included overseeing the city’s “Code Red” responses to extreme hot weather. They should seek out resources from their local and state government, which may provide cooling centers and temporary shelters during periods of extreme hot weather. Especially if you live in environments where your children are not used to hot weather, monitor them closely. CNN: How can everyone prepare for hot weather events?

Persons: Leana Wen, Wen, Heatstroke, heatstroke, it’s, don’t Organizations: CNN, George Washington University Milken Institute School of Public Health, US Environmental Protection Agency, Getty Locations: United States, Baltimore

☆ 'The 2024 elections are going to be a mess' because of A.I. and misinformation: Former Google CEO Eric Schmidt
▼ + stars: | 2023-06-26 | by ( Lauren Feiner | ) www.cnbc.com time to read: +1 min

Eric Schmidt, former CEO and Chairman, Google, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. Misinformation around the 2024 election will be rampant as new tools have made advanced artificial intelligence more accessible, according to Eric Schmidt, former CEO of Google who co-founded Schmidt Futures. "The 2024 elections are going to be a mess because social media is not protecting us from false generated AI," Schmidt told Andrew Ross Sorkin on CNBC's "Squawk Box" on Monday. Asked about the policy change, Schmidt said that social media should allow for "free speech for humans, not computers." "What social media should do is mark all the content, know who the users are, and hold people accountable if they violate the law," Schmidt said.

Persons: Eric Schmidt, Schmidt, Andrew Ross Sorkin Organizations: Google, Milken Institute Global Conference, Schmidt, YouTube, CNBC Locations: Beverly Hills , California

☆ Janitors who lost jobs during WGA strike join picket line
▼ + stars: | 2023-06-15 | by ( Natasha Chen | ) edition.cnn.com time to read: +3 min

CNN —Several hundred janitors marched to join writers on the picket line outside Sony Pictures and Amazon Studios Thursday, as some custodial staff have lost their jobs while productions are halted. The union did not have an estimate for impacts on custodial workers in other major filming hubs like Georgia and New York. “Several businesses anecdotally already started cutting staff,” Klowden said. “Then does it become permanent?”Klowden noted the dry cleaners, caterers, “Star Wagons,” restaurants, and custodial staff. The Motion Picture Association told CNN that in 2021, the film and TV industry supported 822,000 direct jobs, while supporting a total of 2.4 million jobs.

Persons: Natalia Lopez, “, We’re, ” Lopez, it’s, ”, David Huerta, Rebekah Kohler, they’ve, aren’t, Stagehand Amanda Winter, “ Janitors, they’re, ” Winter, Kevin Klowden, Klowden, ” Klowden Organizations: CNN, Sony Pictures, Amazon Studios, SEIU United Service Workers, Paramount Studios, SAG, SEIU, Netflix, Warner Brothers Discovery, WGA, Milken Institute, Association Locations: Los Angeles, Georgia, New York, Culver City, Hollywood, California

Christine McCarthy, Disney's chief financial officer, will step down from that role, the entertainment giant said Thursday. She will take a family medical leave of absence, and during that time, she will continue as a strategic advisor to Disney , the company said. Veteran Disney executive Kevin Lansberry, who currently works as finance chief for Disney's parks business, will become the company's interim CFO effective July 1. McCarthy, who started with Disney in 2000 and became CFO in 2015, leaves as Disney undergoes a broad restructuring during Bob Iger's second tenure as CEO. During McCarthy's tenure, Disney's streaming spending skyrocketed, and free cash flow fell.

Persons: Christine McCarthy, McCarthy, Disney, Kevin Lansberry, Bob, " McCarthy, Bob Iger's, Bob Chapek, Iger, Christine, — Organizations: Walt Disney Company's, Milken Institute Global, The Beverly Hilton Hotel, Disney, Veteran Disney, Chapek Locations: Beverly Hills , California

☆ Wildfire smoke: Should people still be worried about health effects? Our medical analyst explains
▼ + stars: | 2023-06-13 | by ( Katia Hetter | ) edition.cnn.com time to read: +6 min

More than 75 million people in the eastern US were under air quality alerts as wildfire smoke shrouded major cities. People with chronic lung and heart conditions should continue to monitor air quality, CNN Medical Analyst Dr. Leana Wen said. CNN: What are the short-term health effects of wildfire smoke inhalation? And there is research that has linked wildfire smoke exposure events to an increase in influenza months later, suggesting that there could be lagging effects. CNN: If people were exposed for a few days to bad air quality, should they be worried about long-term consequences?

Persons: Leana Wen, Wen, we’ve, Mandel Ngan Organizations: CNN, UN, Program, George Washington University Milken Institute School of Public Health, Getty Locations: Canada, York, Washington, AFP

REUTERS/David SwansonJune 7 (Reuters) - Coinbase (COIN.O) Chief Executive Brian Armstrong on Wednesday hit back at the U.S Securities and Exchange Commission (SEC) Chair over the agency's lawsuit against the crypto exchange, calling him an "outlier," while also reassuring customers that their funds were safe. Crypto companies, including Coinbase, dispute that crypto tokens are securities and have repeatedly called for the SEC to create clear rules. SETTLEMENT BREAKDOWNLast July, Coinbase disclosed an SEC probe into its asset listing processes, staking programs and yield-generating products. Grewal said despite the lawsuit, Coinbase would still be interested in a dialogue with the SEC about how to bring cryptocurrency into the regulatory perimeter. "If there were an opportunity for a real conversation, of course we would take it up, but I want to be very clear: Coinbase is absolutely committed to defending itself in court," he said.

Persons: Brian Armstrong, David Swanson, Coinbase, Armstrong, Gary Gensler, Gensler, ” Armstrong, Binance, hasn’t, haven’t, Paul Grewal, Grewal, Hannah Lang, Manya Saini, Niket, Chris Prentice, Shounak Dasgupta, Michelle Price Organizations: Milken, Global Conference, REUTERS, U.S Securities and Exchange Commission, SEC, Bloomberg, Monday, CNBC, Reuters, U.S ., Appeals, Circuit, Thomson Locations: Beverly Hills , California, U.S, Solana, Cardano, Washington, Bengaluru

[1/2] Brian Armstrong, CEO and Co-Founder of Coinbase, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2022. REUTERS/David SwansonJune 7 (Reuters) - Coinbase (COIN.O) executives on Wednesday defended the company against a lawsuit brought by the U.S. securities regulator, saying the cryptocurrency sector lacks a clear set of guidelines. The agency also said Coinbase was operating as an unregistered exchange, broker and clearinghouse. Coinbase also sought to distance itself from rival exchange Binance, which was also served with an SEC lawsuit on Monday. The SEC alleged Binance, the world's largest cryptocurrency exchange and its founder Changpeng Zhao, also sold cryptocurrency products without registering them as securities.

Persons: Brian Armstrong, David Swanson, Coinbase, Binance, Changpeng Zhao, Zhao, Paul Grewal, Grewal, Hannah Lang, Manya, Shounak Dasgupta Organizations: Milken, Global Conference, REUTERS, Wednesday, U.S, Securities, Exchange Commission, SEC, CNBC, U.S ., Appeals, Circuit, Reuters, Manya Saini, Thomson Locations: Beverly Hills , California, U.S, Solana, Cardano, Cayman Islands, Washington, Bengaluru

☆ How to stay healthy this summer, according to an expert
▼ + stars: | 2023-06-06 | by ( Katia Hetter | ) edition.cnn.com time to read: +7 min

Stay healthy so you can have fun all summer with family and friends. Maskot/Getty ImagesCNN: What should people consider as they aim to have fun and stay healthy this summer? How can people prevent Lyme disease, and why is this important? Wen: Lyme disease is the most common vector-borne disease in the United States. Short-term, Lyme disease manifests as muscle aches, joint pain, fever, rash and headaches.

Persons: they’ve, Leana Wen, Wen, Maskot, Lyme, don’t, enteroviruses, Enteroviruses Organizations: CNN, George Washington University Milken Institute School of Public Health, Getty, US Centers for Disease Control Locations: Lyme, enterovirus, United States, Covid

☆ Milken Institute: The slowing economy isn't doing its job of slowing inflation
▼ + stars: | 2023-05-31 | 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 EmailMilken Institute: The slowing economy isn't doing its job of slowing inflationWilliam Lee, Chief Economist at the Milken Institute, discusses the Federal Reserve's next steps.

Persons: William Lee Organizations: Milken, Milken Institute, Federal

☆ Japan and South Korea have a lot at stake in a free and open South China Sea
▼ + stars: | 2023-05-24 | by ( Kevin Klowden | ) www.cnbc.com time to read: +2 min

China has so far not acted in an aggressive manner toward shipping in the South China Sea, but the very potential of action creates a clear threat to the economies of Japan and South Korea. Nowhere is that more evident than in President Xi Jinping's "nine-dash" declaration, through which Beijing claims sovereignty over almost all the South China Sea. And of all the countries with cause to be concerned about that claim, perhaps none have more on the line than Japan and South Korea. For Japan and South Korea, the threat to their supply chains and energy imports is a far more real and present issue. Even in a non-wartime situation, China has taken the position that the South China Sea is a controlled territory rather than open international waters under Chinese guardianship.

Persons: Kevin Klowden, Xi Jinping's Organizations: Milken Institute, weekend's Locations: China, South China, Japan, South Korea, Ukraine, East, East Asia, Beijing, Spratly, United States

☆ European officials are quietly preparing for the possibility Biden loses the next election
▼ + stars: | 2023-05-22 | by ( Silvia Amaro | ) www.cnbc.com time to read: +4 min

U.S. President Joe Biden (R) meets with President of European Commission Ursula von der Leyen (L) in the White House. This became ever more clear with Russia's invasion of Ukraine, with European leaders welcoming the financial and military support from the largest economy in the world. But it's possible that the current agreement, and working practices, will all come to an end if there's a new president in the White House. The European Commission, the executive arm of the EU, was not immediately available for comment when contacted by CNBC. Ron DeSantis, who is expected to launch his bid for the 2024 presidential campaign later this month, has said he believes the U.S. shouldn't get further involved in the Ukraine war.

☆ Sam Zell, billionaire real estate investor, dies at 81
▼ + stars: | 2023-05-18 | by ( Niket Nishant | ) www.reuters.com time to read: +2 min

[1/3] Sam Zell, Chairman of Equity Group Investments, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. Born in 1941 to Polish parents who escaped to the United States during the German invasion of Poland, Zell took a deep interest in real estate very early on. Besides real estate, his firm also invested in manufacturing, travel, retail, healthcare and energy businesses. Zell played a key role in popularizing the structure of real estate investment trusts (REITs) that involved leasing and collecting rent on properties and distributing profit to investors as dividend in the 1990s. It was later sold to asset management giant Blackstone Inc (BX.N) for $39 billion in one of the largest real estate deals ever.

☆ When will an RSV vaccine be available?
▼ + stars: | 2023-05-18 | by ( Katia Hetter | ) edition.cnn.com time to read: +6 min

CNN —The US Food and Drug Administration has approved a vaccine against the respiratory syncytial virus, or RSV, for adults 60 and older. Could the vaccine be available this winter, and how can people access it? The RSV vaccine specifically targets RSV. However, there is an RSV vaccine being developed by the drug company Pfizer that is being tested in pregnant women for the purpose of conveying protection to the infant. However, the FDA may not make a decision on when to make the vaccine available for pregnant people until this summer.

☆ Crypto firm Ripple buys Swiss startup as SEC crackdown forces companies to consider overseas moves
▼ + stars: | 2023-05-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Ripple CEO Brad Garlinghouse speaks during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 19, 2021. "This is the largest deal we've seen in the last year," Brad Garlinghouse, CEO of Ripple, told CNBC on a call Tuesday. Garlinghouse said last week that the firm will have spent $200 million in total defending itself against the SEC lawsuit. Numerous crypto industry insiders have been calling for a clear regulatory framework from the U.S. Congress to help give companies clarity over how they can operate in a way that's legally sound. WATCH: Ripple will have spent $200 million fighting SEC lawsuit, CEO says

Search resuls for: "Milken Institute"

25 mentions found