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Once he was sworn in as president, Mr. Trump reimbursed Mr. Cohen. Rather than publish her account, the tabloid suppressed it in cooperation with Mr. Trump and Mr. Cohen, prosecutors say. Legal experts say that Mr. Trump and others appear to be at “substantial risk” of prosecution for violating a number Georgia statutes, including the state’s racketeering law. But if she were to prevail at trial, a judge could impose steep financial penalties on Mr. Trump and restrict his business operations in New York. Ms. James’s investigators questioned Mr. Trump under oath in April, and a trial is scheduled for October.

Persons: Donald J, Trump, Trump’s, Jack Smith, Alvin L, Bragg, Stormy Daniels, Michael D, Cohen, Daniels, Karen McDougal, McDougal, Brad Raffensperger, Biden’s, —, Emily Kohrs, “ You’re, ”, “, Willis, Jan, Mr . Biden, Smith, Mike Pence, Mark Meadows, Letitia James, Mr, James, Donald Jr, Eric, Jonah E, Rebecca Davis O’Brien, Michael Gold, Michael Rothfeld, Ed Shanahan, Richard Fausset, Ashley Wong Organizations: Capitol, Manhattan, National Enquirer, Mr, ., The New York Times, Justice Department, Trump, Prosecutors, White House, Trump White House, New York, Civil, New Locations: Manhattan, Georgia, . Georgia, Fulton County, United States, Washington, Trump’s, New, New York, Bromwich

☆ New York City needs to support small businesses more in smoky conditions, says RSE's Matt Higgins
▼ + stars: | 2023-06-08 | 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 EmailNew York City needs to support small businesses more in smoky conditions, says RSE's Matt HigginsMatt Higgins, CEO of RSE Ventures, joins 'Power Lunch' to discuss smoke shutting down business operations in New York, dramatic declines in restaurant foot-traffic, and the lack of city communication in emergency planning.

Persons: RSE's Matt Higgins Matt Higgins Organizations: New, RSE Ventures Locations: New York City, New York

☆ Analysis: There is now some public evidence that China viewed TikTok data
▼ + stars: | 2023-06-08 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

Multiple security experts told CNN that this appears to be the first reported instance of the CCP accessing actual TikTok user data. TikTok announced its withdrawal from Hong Kong in 2020 after China imposed a national security law there. There have been isolated reports of improper access to TikTok data in the past. The improper access, company officials have said, was a misguided attempt at identifying the source of leaks to the press. TikTok has also said it is implementing a plan to store US user data on third-party US-based servers, with access to that data controlled by US employees.

Persons: Yintao Yu, Yu, ByteDance, —, ” Yu, ’, Yu’s, Flipagram, “, TikTok, James Lewis, John Scott, Rob Joyce, ” Joyce, ”, Shou Chew, Chew Organizations: CNN, Chinese Communist Party, Hong Kong, Wall Street, Flipagram, CCP, Center for Strategic, International Studies, University of Toronto’s, National Security Locations: TikTok’s Beijing, Hong Kong, California, Beijing, Hong, China

☆ Who is Amy Entelis? CNN exec who lead award-winning documentary unit will take over from Chris Licht
▼ + stars: | 2023-06-07 | by ( Trisha Gopal | ) www.businessinsider.com time to read: +3 min

Entelis notably led the network's original series and feature-length documentary unit. Entelis, who joined joined CNN in 2012, revitalized the network's original series and feature-length documentary unit, launching high-profile shows like "Parts Unknown" with Anthony Bourdain and "Stanley Tucci: Searching for Italy." Entelis notably lead the charge at CNN Films, the network's longform documentary unit. According to the company's website, Entelis has been responsible for overseeing 45 documentary series and 60 feature length films, earning CNN 100 awards and 445 nominations. Before joining CNN, Entelis spent three decades at ABC, where she managed talent for shows like "20/20," "Good Morning America," "Nightline," and "World News Tonight."

Persons: Chris Licht, Amy Entelis, Entelis, Jeff Zucker, Anthony Bourdain, Stanley Tucci, Alexei Navalny, Licht, David Zaslav, David Leavy, Zaslav's, Virginia Moseley, Eric Sherling, Chris, Zaslav Organizations: CNN, Morning, CNN Worldwide, CNN Films, BAFTA, ABC, Warner Bros, Discovery Locations: Italy

☆ US venture capital titan Sequoia to split off China business amid tension with Beijing
▼ + stars: | 2023-06-06 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —Venture capital titan Sequoia is splitting its business into three independent partnerships, each with separate brands. Sequoia Capital executives briefed investors Tuesday about the plans, which are expected to be completed by March 2024. The firm’s operations in Europe and the United States will retain the current name, Sequoia Capital. Its Chinese unit, Sequoia China, will use its current Chinese name, HongShan. The company’s business operations in India and Southeast Asia will be spun off into a partnership named Peak XV Partners.

Persons: hyping, Roelof Botha, Neil Shen, Shailendra Singh, Biden, TikTok Organizations: DC CNN — Venture, Sequoia Capital, XV Partners, Apple, Sequoia, Republicans, US, Street Journal Locations: Washington, China, Beijing, Europe, United States, Sequoia China, India, Southeast Asia, Montana

☆ The mother-daughter duo behind the thrift store Buffalo Exchange explains how they built a $103 million company from used clothes
▼ + stars: | 2023-06-05 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +6 min

Kerstin and Spencer Block founded the resale chain Buffalo Exchange in 1974. Back then, secondhand clothing carried a stigma as a lower-class necessity, said Kerstin Block, the president and co-owner of Buffalo Exchange. The industry is expected to double in size, reaching $350 billion by 2027, and Buffalo Exchange is at the forefront of resale's emerging appeal. Popularizing the 'buy, sell, trade' modelKerstin (left) and Spencer Block in their first resale store in Tucson, Arizona. "It really is the fun part of the job — being in the store and helping customers," Rebecca said.

Persons: Kerstin, Spencer Block, Rebecca, —, Kerstin Block, Rebecca Block, Tucson , Arizona . Buffalo Exchange Kerstin, Spencer, Jennifer Le Zotte, Le Zotte, Buffalo Exchange Spencer, Buffalo Exchange's Organizations: Buffalo Exchange, Service, Google, Buffalo, Tucson , Arizona . Buffalo Exchange, University of North, tote, Nike Locations: Buffalo, Tucson , Arizona, University of North Carolina, New York, Buffalo Exchange's Ventura , California

☆ Twitter CEO Linda Yaccarino due to start weeks earlier than expected, report says
▼ + stars: | 2023-06-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Elon Musk announced last month that Linda Yaccarino would take over as Twitter CEO. Another former NBCUniversal executive joined Twitter on Sunday. Linda Yaccarino, the incoming Twitter CEO, is due to start on Monday, according to The Information. Musk had said in December he would step down as Twitter CEO after users voted in a poll. The Information's report also came the same day that another former NBCUniversal executive joined Twitter.

Persons: Elon Musk, Linda Yaccarino, she's, Musk, he'd, NBCUniversal, Shiba, Yaccarino, Joe Benarroch, Twitter Organizations: Twitter, Elon, Comcast Locations: NBCUniversal, Cuban

☆ Former NBCU exec Linda Yaccarino prepares to take over Twitter CEO role from Elon Musk
▼ + stars: | 2023-06-05 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Linda Yaccarino, a former NBCUniversal marketing executive, is preparing to take over the CEO role at Twitter from Elon Musk, weeks after the billionaire announced hiring her for the top spot at the social media company. The New York Times and The Information reported that Yaccarino is expected to officially start as Twitter CEO on Monday, citing sources familiar with the matter. Musk is likely betting on Yaccarino’s ad industry chops to restore Twitter’s flagging advertising business. Even without the CEO title, Musk will retain significant control over Twitter as its owner. Following the DeSantis event, Yaccarino tweeted: “We just heard a rare and unscripted conversation, on a range of important topics, with a Presidential candidate — all launched on Twitter.

Persons: Linda Yaccarino, Elon Musk, Yaccarino, Twitter, Joe Benarroch, Benarroch, “ Let’s, ” Yaccarino, she’d, Musk, Twitter’s, Ella Irwin, “, ”, Yaccarino’s, Robert F, Kennedy, Jr, Ron DeSantis, — Organizations: New, New York CNN, Twitter, Elon, The New York Times, New York Times, CNN, CNBC, Democratic, Florida Locations: New York, York, “ Bay, San Francisco

☆ Ex-NBCUniversal executive Joe Benarroch to join Twitter
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +1 min

June 4 (Reuters) - Former NBCUniversal executive Joe Benarroch will join Twitter on Monday, in a role focusing on business operations, he told Reuters. Benarroch said in an email that he was looking forward to working with the company's team to "build Twitter 2.0 together." From one bird to the next," tweeted incoming Twitter Chief Executive Linda Yaccarino, who was appointed in May. At Comcast Corp's (CMCSA.O) NBCUniversal, Benarroch oversaw communication strategy for its Advertising and Partnerships division, reporting to Yaccarino, who was advertising chief there before joining Twitter. Twitter's head of trust and safety, Ella Irwin, said on Thursday that she has resigned from the social media company.

Persons: Joe Benarroch, Benarroch, Linda Yaccarino, Twitter's, Ella Irwin, Brown, Dawn Chmielewski, Chandni Shah, Juby Babu, Will Dunham, Grant McCool Organizations: Twitter, Reuters, Comcast, Street Journal, Thomson Locations: Los Angeles, Bengaluru

☆ The judge assigned to hear Disney's lawsuit against Ron DeSantis just disqualified himself from the case because a 'third-degree' relative owns stock in the company. A Trump appointee will replace him
▼ + stars: | 2023-06-02 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +4 min

Obama-nominated Judge Mark Walker recused himself from the Disney lawsuit. The case will now go before Judge Allen Winsor, a nominee of President Donald Trump — who is challenging DeSantis for the 2024 nomination for president. Walker denied that specific request, calling it "meritless" and accusing DeSantis of "rank judge-shopping," but he still disqualified himself from hearing Disney's lawsuit over the ethical conflict. Walt Disney Co., the parent company of Walt Disney Parks and Resorts, is headquartered in Burbank, California, but the company holds powerful sway in Florida through Walt Disney World, which has roughly 70,000 employees and is the state's biggest tourist attraction. Neither a representative for the board, the governor's office, nor Disney immediately responded to a request for comment from Insider.

Persons: Obama, Mark Walker, Judge Allen Winsor, —, Ron DeSantis, Walker, Allen Winsor, Donald Trump —, Winsor, Pam Bondi, DeSantis, Barack Obama, Disney, Governor DeSantis Organizations: Disney, Trump, Service, Walt Disney Parks, Resorts, Florida Gov, Walt Disney Co, British, Court, Northern, Northern District of, Walt Disney Parks and Resorts, Walt Disney, Circuit Locations: Florida, Northern District, Northern District of Florida, Burbank , California, Central Florida

☆ Unilever pivots to African suppliers as forex pressure mounts
▼ + stars: | 2023-05-31 | by ( Seun Sanni | Richa Naidu | ) www.reuters.com time to read: +6 min

The war in Ukraine exacerbated supply chain logjams and manufacturing issues that began with the COVID-19 pandemic. Managing foreign exchange costs is largely what is driving a pivot to African suppliers, Unilever said, even though sourcing from the continent can cost more than buying from parts of Asia. “Over 95% of the brands we sell to our (African) consumers are made in African factories,” Reginaldo Ecclissato, Unilever’s chief business operations and supply chain officer, told Reuters. Today more than two-thirds of the ingredients that go into Unilever products sold in African markets come from the continent, the company said. Where is it on the scale of Unilever’s supply chain?” he said.

Persons: Kasali, ” Kasali, “, Knorr, Hellmann’s, Reginaldo, Tedd George, Nestle, ”, Pierre, André, Ecclissato, it’s, bouillon, Iranloye, Busari, Unilever’s Ecclissato Organizations: Reuters, Unilever, REUTERS, ” Unilever, Nestle, Danone, sorbitol Locations: ALAYIDE, Nigeria, Oyo, Africa, Ukraine, Asia, India, China, South Africa, Lagos, Oyo State

☆ China fails Micron's products in security review, bars some purchases
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +2 min

According to China's broad definition of critical information infrastructure, this could include sectors ranging from transport to finance. "The review found that Micron's products have serious network security risks, which pose significant security risks to China's critical information infrastructure supply chain, affecting China's national security," the Cyberspace Administration of China (CAC) said in a statement. China announced its review of Micron's products in late March. The larger chunk of Micron's products flowing into China are being purchased by non-Chinese firms for use in products manufactured there, according to analysts. China in September 2021 imposed rules aimed at protecting critical information infrastructure, which require their operators to comply with stricter requirements around areas such as data security.

☆ China says Micron's products fail security review, bars some purchases
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +2 min

"The review found that Micron's products have serious network security risks, which pose significant security risks to China's critical information infrastructure supply chain, affecting China's national security," the Cyberspace Administration of China (CAC) said in a statement. Operators of critical information infrastructure will be required to stop procuring from Micron, the CAC added. According to China's broad definition of critical information infrastructure, this could include sectors ranging from transport to finance. The CAC did not detail what risks it had found nor what Micron products this would impact. China in September 2021 imposed rules aimed at protecting critical information infrastructure, which require their operators to comply with stricter requirements around areas such as data security.

☆ Disney rocks DeSantis ahead of expected White House bid announcement
▼ + stars: | 2023-05-19 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

Disney did not specifically blame DeSantis for the move, partly citing “changing business conditions.” But the message was clear. In keeping with his bruising political persona, DeSantis reacted defiantly to Disney’s announcement that it would halt the office project. “Ron DeSantis’ failed war on Disney has done little for his limping shadow campaign and now is doing even less for Florida’s economy,” the Trump campaign said in a statement. Another possible GOP primary candidate, former Vice President Mike Pence, also leveraged the Disney announcement to jab DeSantis. Given his political exposure on Disney and the combative political image that is central to his White House hopes, DeSantis probably has no option but to further escalate the showdown.

DeSantis, who is expected to soon announce that he will seek the 2024 Republican nomination for U.S. president, then moved to strip Disney of its long-standing self-governing power over Walt Disney World in Orlando. Democratic State Sen. Linda Stewart, who represents part of Orange County, called it "disappointing" that Florida would lose jobs. Iger's predecessor announced plans in July 2021 to relocate jobs from Southern California to a new facility in central Florida, citing its "business-friendly climate." "I remain optimistic about the direction of our Walt Disney World business," D'Amaro wrote. We have plans to invest $17 billion and create 13,000 jobs over the next ten years.

☆ The world's biggest publisher is suing a Florida school district for banning books by writers including Toni Morrison and Khaled Hosseini
▼ + stars: | 2023-05-18 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Penguin Random House is suing a Florida school district and board after it banned certain books. Penguin Random House has joined forces with an authors' group to sue a Florida school district after it banned a number of books. Books removed or restricted by Escambia include "The Bluest Eye" by Toni Morrison, "Slaughterhouse-Five" by Kurt Vonnegut, and "The Kite Runner" by Khaled Hosseini. All have had books removed from libraries or had student access restricted by the district, PEN America said in a press release. "The book removals and restrictions enacted by the School District and School Board are denying students access to books they would like to read, or chilling such access."

☆ These 18 top Netflix execs are driving its advertising push under head Jeremi Gorman as the company makes its first big TV upfronts pitch
▼ + stars: | 2023-05-17 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

Peter Naylor, VP of global advertising salesPeter Naylor, VP, global advertising sales. Netflix has also brought on several directors and other roles in ad sales who've worked at Hulu, Snap, and elsewhere. They are Kinsey Osberg Tamberrino, who is Publicis' main point of contact, and who spent eight years at Hulu, rising to director of advertising sales. Chad Rumminger, who focuses on automotive accounts, from automotive ad sales at Twitter. Julie Taylor Green is head of US vertical ad sales; she was TikTok's director of global business solutions before that.

☆ A new CEO won’t fix Twitter’s biggest problem
▼ + stars: | 2023-05-17 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

New York CNN —During his six months as Twitter’s CEO and owner, Elon Musk decimated its ad business, alienated some news publications and VIP users, and plunged the platform into a constant state of chaos. But she may struggle to address Twitter’s biggest problem: Elon Musk. On Tuesday, Musk said he “didn’t care” if his controversial tweets drew the ire of Twitter advertisers or Tesla shareholders. She may struggle to undo the damage Elon Musk has done to the company's ad business. That could only add to the difficulty Yaccarino will face in shoring up Twitter’s business.

☆ Futu, UP Fintech shares fall on plan to remove apps in China
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, May 16 (Reuters) - New York-listed shares in Futu Holdings Ltd and UP Fintech Holding Ltd plunged in pre-market trading on Tuesday, after the online brokerages said they will remove their apps in mainland China following guidance from regulators. U.S.-listed shares of Futu slumped more than 15% in pre-market trading, while UP Fintech dropped roughly 10%. It added the company remains dedicated to serving existing clients in mainland China. It's not clear if Hong Kong units of Chinese brokerages, such as China International Capital Corp and Haitong Securities, also need to remove their apps in China. Futu, which has delayed its Hong Kong listing plan, holds a licence in Hong Kong, Singapore and the United States.

☆ Leaked memo: Amazon Studios parts ways with a longtime MGM film exec and expands others' roles in shakeup
▼ + stars: | 2023-05-16 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Amazon Studios is shaking up its business ranks in the wake of its acquisition of MGM. Feldman has been at Amazon Studios since 2015 and was a VP at MTV for about four years before that. Feldman has been at Amazon Studios since 2015 and was a VP at MTV for about four years before that. Also getting new responsibilities is Sam Semon , who will have international business affairs consolidated under him, adding oversight for Ingrid Auyón Tanji, who leads business affairs in Latin America. , who will have international business affairs consolidated under him, adding oversight for Ingrid Auyón Tanji, who leads business affairs in Latin America.

☆ Donald Trump and Rudy Giuliani plotted to sell presidential pardons for $2 million a piece, former staffer says in lawsuit
▼ + stars: | 2023-05-16 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

On Monday, Rudy Giuliani was hit with a bombshell rape civil lawsuit filed by a former staffer. The staffer alleged in the suit that Giuliani asked if she knew anyone who wanted to buy a presidential pardon. The suit says Giuliani said he was selling them for $2 million, splitting the profit with Trump. As of 2022, the office has a backlog of more than 17,000 pending applications for pardons, Bloomberg reported. Compared to former President Barack Obama's more than 1,300 clemency grants, Trump pardoned or commuted the sentences of 240 people while in office.

☆ The Week in Business: Trump on TV
▼ + stars: | 2023-05-14 | by ( Marie Solis | ) www.nytimes.com time to read: +4 min

(May 7-13)CNN’s TrumpcastUntil last week, former President Donald J. Trump had not appeared on CNN since 2016. But at a town hall hosted by the network on Wednesday night, Mr. Trump, the Republican front-runner in the 2024 presidential campaign, resumed the lies and name-calling that marked his presidency. Critics of CNN’s forum said it was reckless to give Mr. Trump such a large platform for his message, especially because it proved difficult to fact check his statements in real time. The results came in: Almost 58 percent of the 17.5 million people who voted agreed that Mr. Musk should leave his post. Mr. Musk said Ms. Yaccarino, who recently interviewed him onstage at an advertising event in Miami, would focus on business operations while he would continue to work on product design and technology.

☆ Twitter's new CEO hasn't even started yet, but she already has a parody account that's 'suspended' Elon Musk
▼ + stars: | 2023-05-13 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Yaccarino already has a parody Twitter account – and it's "suspended" Musk. More than four months after vowing to step down as Twitter's CEO, Elon Musk has finally found someone to replace him. While she won't start until June, someone's already created a parody account under the username @lindayaccarina – and one of its first actions was to "suspend" Musk's Twitter account. The account, which states in its bio that it's an "official parody account of the Twitter ceo," already has 13,000 followers. Twitter responded to Insider's request for comment with an automated message that didn't address the inquiry.

May 12 (Reuters) - Elon Musk has named former NBCUniversal advertising chief Linda Yaccarino as Twitter's new CEO, as the company tries to reverse a plunge in ad revenue. "I am excited to welcome Linda Yaccarino as the new CEO of Twitter!" Last month, NBC parent Comcast said NBCUniversal CEO Jeff Shell was leaving after acknowledging an inappropriate relationship with a woman in the company, following a complaint that prompted an investigation. Musk, the CEO of electric-vehicle maker Tesla Inc (TSLA.O), completed his purchase of Twitter in October for $44 billion. On Thursday, Musk tweeted that he had found a CEO without identifying Yaccarino.

☆ Elon Musk hires ex-NBCUniversal ad chief Linda Yaccarino to be Twitter's CEO
▼ + stars: | 2023-05-12 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

NBCUniversal global advertising chief Linda Yaccarino has resigned to join Twitter as its next chief executive. Twitter owner Elon Musk confirmed the hire in a tweet Friday. "I am excited to welcome Linda Yaccarino as the new CEO of Twitter!" Yaccarino and Musk sat together in a keynote interview at a marketing conference in Florida in mid-April. During the conference, Musk reportedly tried to reassure advertisers that Twitter was a respectable place for their brands.

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