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I’ve witnessed scores of dignified transfers as a former Air Force autopsy photographer assigned to the Armed Forces Medical Examiner System at Dover Air Force Base in Delaware. The process is purposefully methodic, but it never becomes easier for anyone, especially the fallen service members’ families. At the height of the wars in Afghanistan and Iraq when I was stationed there, we handled several dignified transfers a week. Items that the fallen service members had with them when they died are gathered, organized and photographed. All service members who die while on active duty have the option of being buried at Arlington National Cemetery, but the decision is up to their family members.

Persons: I’ve, ’, Biden Organizations: Air Force, Armed Forces Medical, Dover Air Force Base, Reserve, Arlington National Cemetery, Mr Locations: Delaware, Afghanistan, Iraq, Arlington

Attacks The map shows five of the seven sites that the U.S. hit with military strikes in Syria and Iraq. The strikes hit more than 85 targets at different locations using more than 125 precision-guided munitions, according to a statement by U.S. Central Command. Two American officials said the United States also conducted cyberoperations against Iranian targets on Friday but declined to provide details. It is clear from statements from the White House, and from Tehran, that neither the United States nor Iran wants a wider war. Striking sites in the Mideast with aircraft launched from the United States and refueled midair is a muscular show of global reach and capability, the official said.

Persons: Biden, Biden’s, Mr, “, ”, John F, Kirby, Douglas, Sims, Yahya Rasool, That’s, Iran’s, Jordan, Roger Wicker of, William Jerome Rivers, Kennedy Ladon Sanders, Breonna Alexsondria Moffett, Moffett, Sanders, Sergeant Rivers Organizations: Iranian, Islamic Revolutionary Guards Corps Quds Force, U.S . Central Command, Islamic Revolutionary Guards Corps, ”, Jordan . Middle, Revolutionary Guards, National Security Council, White House, Central Command, White, Pentagon, Dyess Air Force Base, U.S, military’s Joint Staff, Air Force, Iraq’s Armed Forces, Iran’s Revolutionary Guards Corps, Revolutionary Guards Corps, Administration, Capitol, Biden, Republican, Armed Services Committee, Dover Air Force Base, Army Reserve Locations: United States, Syria, Iraq, East, Jordan, Iran, U.S, Jordan ., Tehran, Texas, Yemen, Israel, Gen, Roger Wicker of Mississippi, Delaware

☆ U.S. Makes Initial Offers in Medicare Drug Price Negotiations
▼ + stars: | 2024-02-01 | by ( Noah Weiland | More About Noah Weiland | ) www.nytimes.com time to read: +2 min

Why It Matters: The price offers kick off negotiations. The initial round of price offers is a key step in the negotiation process. The price negotiation program was created by the Inflation Reduction Act, the climate, tax and health care package that President Biden signed into law in 2022. Additional medications will be chosen for price negotiations in the coming years. A federal judge in Delaware heard arguments on Wednesday in a case brought by AstraZeneca, the maker of a diabetes drug that was selected for price negotiations.

Persons: ”, Andrew W, Mulcahy, Biden, Mr, drugmakers Organizations: Biden, RAND Corporation, Medicare, U.S . Chamber, Commerce, AstraZeneca Locations: Delaware

BANGKOK (AP) — Asian shares were mixed on Thursday after Wall Street fell to its worst loss since September as the Federal Reserve indicated cuts to interest rates are not imminent. On Wednesday, Big Tech stocks burned by the downside of high expectations triggered a sharp slide. The slide for Big Tech stocks dragged the Nasdaq composite to a market-leading loss of 2.2%. The Dow Jones Industrial Average, which has less of an emphasis on tech, fell a more modest 0.8%, to 38,150.30. Three more Big Tech stocks will report results on Thursday: Amazon, Apple and Meta Platforms, the parent company of Facebook and Instagram.

Persons: Dan Ives, ” Tesla, Elon Musk, “ We’re, ”, Jerome Powell, “ It’s, Powell Organizations: Federal Reserve, Nikkei, Big Tech, Nasdaq, Dow Jones, Microsoft, Wedbush Securities, ”, Apple, Facebook, Fed, Wednesday, Treasury, ADP Research, U.S, New York Mercantile Exchange, Brent Locations: BANGKOK, U.S, Shanghai, Seoul, Australia, India, Louvre, Delaware

☆ Elon Musk says the people have spoken, and he'll make moves to shift Tesla to be incorporated in Texas
▼ + stars: | 2024-02-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Musk says he's going to call a shareholder vote to transfer Tesla's incorporation to Texas. AdvertisementTesla CEO Elon Musk says he's going ahead with plans to shift the company's state of incorporation to Texas. Musk wrote on X on Thursday morning, referencing the poll he conducted on Tuesday. "Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas," Musk wrote on X.AdvertisementThe public vote is unequivocally in favor of Texas! Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas.

Persons: Elon, Musk, —, Elon Musk, Tesla, ParwqQvS3d — Elon Organizations: Tesla, Service, Lone Star State, Bloomberg, Business Insider Locations: Delaware, Texas, Austin

SpaceX, X (formerly known as Twitter), and Tesla CEO Elon Musk speaks during live interview with Ben Shapiro at the symposium on fighting antisemitism on January 22, 2024 in Krakow, Poland. Elon Musk said late Wednesday that Tesla will hold a shareholder vote on whether to transfer the electric carmaker's state of incorporation to Texas. After the poll, Musk said Tesla will "will move immediately to hold a shareholder vote to transfer state of incorporation to Texas." Musk will likely have to seek approval from the Tesla board to enact such a move. "Never incorporate your company in the state of Delaware," Musk posted on X this week.

Persons: Elon Musk, Ben Shapiro, Tesla, Musk, Musk's, Chancellor Kathaleen McCormick Organizations: SpaceX, Tesla, Musk Locations: Krakow, Poland, Texas, Delaware

☆ How the Biden campaign is breaking with the Obama reelection model
▼ + stars: | 2024-02-01 | by ( Mj Lee | Edward-Isaac Dovere | ) edition.cnn.com time to read: +8 min

The Biden reelection campaign is rejecting the political organizing model that Obama used during his campaign for a second term in 2012, in which Obama largely shunned the Democratic National Committee and opted instead to set up his own vast electioneering machine. Several top DNC officials at the time complained that they were ignored by Obama, while state parties complained they were starved for resources. “One of the big challenges in 2012 was a national competition and rub between (Organizing For Action) and the state parties. Jim Messina, Obama’s 2012 campaign manager, previously told CNN that he believes the Obama campaign spent too much too early. Though O’Malley Dillon will now shift fully into politics, she remained deeply engaged with campaign operations throughout her time in the West Wing.

Persons: Joe Biden’s, Barack Obama, Obama, Biden, ”, Ray Buckley, “, Trump, officeholder, Ben Wikler, ’, —, Morgan Jackson, ” Jackson, Jim Messina, Jen O’Malley Dillon, Biden’s, O’Malley Dillon, Anita Dunn, Mike Donilon Organizations: Washington CNN, Biden, Democratic National Committee, Democratic, CNN, New Hampshire Democratic, White, New, Republican, West, Wisconsin Democratic Party, Wisconsin Democratic, DNC, White House, Trump, North Carolina – Locations: “, New Hampshire, North Carolina, South Carolina , Georgia, Nevada , Michigan , Wisconsin , New Hampshire , Pennsylvania, Arizona, Wisconsin, Georgia , Nevada , Arizona, Pennsylvania, Michigan, Obama’s, –, Wilmington , Delaware, Nevada, Delaware

Elon Musk wants Tesla investors to decide on moving the company's corporate listing to Texas after a Delaware court decided he shouldn't get a multibillion-dollar pay package. The electric car company's CEO said early Thursday that Tesla would get shareholders to vote on whether to switch its corporate registration to Texas, where its physical headquarters is located. “Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas,” Musk wrote on his social media platform X, formerly known as Twitter. Musk had polled X users earlier on the same question, with 87.1% of 1.1 million respondents voting yes. “The public vote is unequivocally in favor of Texas!” he wrote.

Persons: Elon, Tesla, ” Musk, Musk, ”, “ Organizations: Twitter Locations: Texas, Delaware, Nevada

☆ GSK Confidentially Settles Another Zantac Lawsuit in California
▼ + stars: | 2024-02-01 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) -GSK said on Thursday it agreed to confidentially settle one more lawsuit in California that alleged its discontinued heartburn drug Zantac caused cancer, the latest in a series of settlements to end costly litigation. While NDMA can be present in low levels in food and water, research has found it causes cancer in larger amounts. The US Food and Drug Administration (FDA) in 2020 pulled Zantac and its generic versions off the market, triggering a wave of lawsuits. As of October, GSK still faced about 79,000 cases related to Zantac in the United States, with 73,000 of them in Delaware. Analysts have estimated total settlement costs for GSK of around $5 billion, set to be realised in the first quarter of 2024.

Persons: drugmaker, Zantac, Eva Mathews, Savio D'Souza, Rashmi Organizations: Reuters, GSK, US Food and Drug Administration Locations: California, United States, Delaware . California, Bengaluru

☆ Who can rein in Elon Musk? Someone you’ve probably never heard of
▼ + stars: | 2024-01-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

But this week, a Delaware state judge handed down a message that Musk and other powerful men in America seldom hear: Nope. The outcome of Musk’s pay package dispute is the latest instance of a towering, brash business leader getting put in his place by the one institution powerful enough to do so: US courts. Kathaleen McCormick struck down Elon Musk’s 2018 Tesla pay package after an investor challenged it as excessive. Kathleen Flynn/ReutersAmong the threads connecting Musk, Trump and McMahon is a history of evading negative consequences. “And if that’s the case, let that be a message to other people: The litigation system actually does work.”The pay package dispute wasn’t McCormick’s first rodeo with Musk.

Persons: CNN Business ’, New York CNN — Elon Musk, Kathaleen McCormick, who’d, Donald Trump, Trump, Vince McMahon, McMahon, Elon, Kathleen Flynn, Eric Talley, Talley, ”, Musk, McCormick, McCormick didn’t, “ We’ve, ‘, ’ ” Talley, “, Katie McCormick Organizations: CNN Business, New York CNN, Bloomberg, World Wrestling Entertainment, Reuters, Trump, Columbia, Twitter Locations: New York, Delaware, America

Even when compared with other CEOs, who routinely get paid roughly 200 times more than their typical employees, Elon Musk’s pay package was eye-opening. Critics have argued for years that CEO pay packages are exorbitant. Under Musk’s pay plan, he received a chunk of stock options each time Tesla’s market value rose by $50 billion. General Motors, for example, considers executive salaries at 3M, Boeing, Ford, IBM and other huge companies, and uses complex formulas to determine CEO compensation. Corporate law experts say any new compensation package for Musk will likely be challenged in court unless Tesla's board either resigns en masse or follows a meticulous process to protect shareholders by passing a substantially smaller package.

Persons: Tesla, Kathaleen St, Jude McCormick, Musk, Bernard Arnault, Critics, Blackstone’s Steven Schwarzman, “, ‘, ’ ” McCormick, Musk’s, shouldn’t, Mary Barra, Jim, Mark Zuckerberg, Tim Cook, they’re, ”, Charles Elson, ” Elson, Elson Organizations: Elon, Musk, Forbes, General Motors, 3M, Boeing, Ford, IBM, Big Tech, University of Delaware, Lawyers Locations: Delaware, —, Barra, U.S

Part motel, part new-age clinic, the facility offers nightly rentals in rooms that come equipped with “BioHealers” –- canisters that the company claims exude “life force energy,” or biophotons. “There are some forces driving that: obviously the internet and social media, and distrust of traditional medicine, traditional science. Given the primary importance of health, it’s hardly surprising that unproven medical claims and products that seem too-good-to-be-true have a long history in America. “ Distrust of government and distrust of major institutions makes people vulnerable,” said Stephen Barrett, a psychiatrist and expert in unproven medical claims who launched the organization Quackwatch in the 1970s to highlight medical scams. As a result, low-level hucksters or those peddling unproven treatments often don’t get as much attention.

Persons: BUTLER, exude, Tesla, Dr, James Liu, ”, Liu, Timothy Caulfield, Medbeds, Donald Trump, “ I’m, medbeds, ” Liu, it’s, John Brinkley, they’ve, Alex Jones, Trump, Stephen Barrett, Elon Musk, Nikola Tesla, Seth Robinson, Robinson doesn’t, We’re, Tesla’s, I’ve, Caulfield, ” Caulfield, “ It’s, ” Tesla’s, Bahman Anvari, It’s Organizations: Tesla, MedBed, Penn State University, “, University of Alberta, Walmart, Associated Press, Drug Administration, Elon, FDA, AP, University of California Locations: Pa, Pittsburgh, China, New Jersey, Butler, Tennessee, America, Florida, Delaware, Riverside

WASHINGTON (AP) — Hunter Biden again asked a judge to dismiss the federal gun case against him on Tuesday, arguing it is politically motivated and key evidence was tested after charges were filed. Cocaine residue found on the pouch the president’s son used to hold his gun was only identified last year, after a scuttled plea deal and subsequent indictment, Hunter Biden’s defense attorney said in court documents. Prosecutors, meanwhile, have said there’s no evidence the case is politically motivated, while “the strength of the evidence against him is overwhelming." The charges were "brought in spite of, not because of, any outside noise made by politicians,” they said in court documents this month. Hunter was indicted in Delaware after the plea deal broke down following a hearing where a judge who was supposed to approve it instead raised a series of questions.

Persons: — Hunter Biden, Hunter, Abbe Lowell, Lowell, Donald Trump, Prosecutors, ”, Hunter Biden, Joe Biden Organizations: WASHINGTON, Prosecutors, Republicans Locations: Delaware, Los Angeles

☆ Judge strikes down Elon Musk’s massive, multi-billion-dollar pay package
▼ + stars: | 2024-01-30 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —A Delaware state court judge has thrown out the 2018 pay package that helped to make Tesla CEO Elon Musk one of the richest people in the world. He said Tesla investors will benefit from the decision by having the “dilution from this gargantuan pay package erased.”Attorneys for Musk and the Tesla board argued the pay package was approved by a shareholder vote. Excluding the votes owned by Musk and his brother, 73% of the shares voting in that election supported the pay package. The company’s market cap was valued at $54 billion at the time the pay package was approved. Robyn Denholm, the chair of Tesla’s board, testified that the pay package was all about keeping Musk focused on Tesla.

Persons: Elon Musk, Chancellor Kathaleen McCormick, Musk, Tesla, “, ”, Greg Varallo, McCormick, ” Musk, Robyn Denholm, ” Denholm, – CNN’s Matt McFarland Organizations: New, New York CNN, Musk, Delaware Supreme, SpaceX, Twitter, Boring, Tesla Locations: New York, Delaware, . Delaware, Tesla

☆ Terraform Labs files for bankruptcy protection in the U.S.
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: +1 min

PODGORICA, MONTENEGRO - JUNE 16: Do Kwon is taken outside of court on June 16, 2023 in Podgorica, Montenegro. Singapore-based Terraform labs, in a filing with the bankruptcy court in Delaware, listed assets and liabilities in the range of $100 million to $500 million. Recently, a federal judge postponed the trial of the U.S. Securities and Exchange Commission (SEC) against the company and its co-founder, Do Kwon, over an alleged $40 billion cryptocurrency fraud. Kwon and Terraform Labs were held responsible for two cryptocurrencies whose collapse caused turbulence in crypto markets around the world in 2022. Both cryptocurrencies lost an estimated $40 billion or more when TerraUSD failed to maintain its $1 peg in May 2022.

Persons: Kwon, Cryptocurrency, Filip Filipovic, Do Kwon, Terraform, cryptocurrencies, TerraUSD Organizations: Labs, Sunday ., U.S . Securities, Exchange Commission, SEC, Terraform Labs Locations: PODGORICA, MONTENEGRO, Podgorica, Montenegro, United States, Sunday . Singapore, Delaware

☆ Some Target workers have gotten fired after purchasing one of Stanley's wildly popular Starbucks cups
▼ + stars: | 2024-01-22 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

A limited-release insulated cup from Stanley and Starbucks caused havoc at Target stores recently. Comments on social media indicate multiple employees have fired over their purchase of the cups. Target worker Araceli Bernal told Business Insider she and several coworkers were fired after purchasing cups, apparently in violation of company policy. "Welp I got fired from Target for buying the Stanley cup while working," @PrincessSunay posted on X. Advertisement"I just found out my favorite Target employee got fired over the stupid Starbucks Stanley cups so I hope you f—ers are happy," @kirks_minivan posted on X.

Persons: —, Araceli Bernal, Bernal, Stanley, @PrincessSunay, @kirks_minivan Organizations: Stanley, Target, Service, Business Insider Locations: Delaware, stashing

☆ It looks like Elon Musk is a bit envious of Mark Zuckerberg's control over Meta
▼ + stars: | 2024-01-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +7 min

Musk appeared to give Tesla's board an ultimatum on Monday, saying he wants 25% voting control at Tesla or he'll stop growing AI development at the electric-car maker. One way of getting that would be via a dual-class stock structure. This isn't uncommon and could mean Musk wouldn't necessarily get more shares but that the ones he held would deliver more voting power. The company's dual-class stock structure provides Zuckerberg and select executive managers and directors with them. "Zuckerberg probably wouldn't have gone public without a dual-class structure," White said.

Persons: —, Elon Musk, Mark Zuckerberg, Musk, he's, Tesla, Zuckerberg, It's, Chester Spatt, Joshua Tyler White, doesn't, White, Ofer Eldar, Michael Dell, Anat Alon, Beck, Erik Gordon, Sam Altman's, Gordon Organizations: Service, Meta, Tesla, Business, Carnegie Mellon University, SEC, Vanderbilt, SpaceX, The Boring Company, UC Berkeley, Western Reserve University, University of Michigan's Ross School of Business Locations: Delaware, OpenAI

☆ Trump-backed Ohio Senate candidate shredded documents as he faced a lawsuit accusing him of wage theft
▼ + stars: | 2024-01-19 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +9 min

That sum was then counted toward any overtime hours worked, a standard practice at the time that was consistent with federal law. AdvertisementFurthermore, Moreno argued that Adem had never worked any overtime hours and that his dealerships' work culture was more generous than his nearby competitors'. Moreno, who also ran in the 2022 Senate election in Ohio, had dropped out of the race the previous month. The judge later ordered Moreno to pay out a total of $416,160, including compensation for the overtime hours worked, damages, and legal fees, in November. AdvertisementOne lawsuit had been withdrawn, while the judge dismissed the other case after the salesperson failed to appear for a hearing.

Persons: —, Bernie Moreno, Moreno, Democratic Sen, Sherrod Brown, Donald Trump, Republican Sen, JD Vance, Bernie, Conor McGuinness, Omar Adem —, Burlington , Massachusetts —, Adem —, Moreno —, Adem, Anna Moneymaker, salespeople, Vance, Joe Maiorana, Michael Ricciuti, Ricciuti Organizations: Service, Ohio Senate, Business, Columbus Dispatch, Democratic, Republican, GOP, Republicans, Democrats, Associated Press, Benz, Nissan, Trump, AP, US Locations: Ohio, Massachusetts, Burlington , Massachusetts, Cleveland, Delaware , Ohio

☆ Elon Musk puts the brakes on AI development at Tesla until he gets more control
▼ + stars: | 2024-01-16 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk says he wants more control of Tesla before building up its AI capabilities. Musk said he was "uncomfortable" growing AI and robotics at the company without controlling 25%. He added he would prefer to "build products outside of Tesla" if he didn't have sufficient control. "Unless that is the case, I would prefer to build products outside of Tesla." AdvertisementLate last year Musk referred to Tesla as an "AI/robotics company" in response to an analyst calling the company "egregiously overvalued."

Persons: Elon Musk, Musk, —, gunning, Tesla, He's Organizations: Service, Tesla, Business Locations: Tesla, Delaware

☆ Democrats Fret That Biden’s Power Players Are Not at His Campaign Base
▼ + stars: | 2024-01-14 | by ( Michael D. Shear | Katie Rogers | ) www.nytimes.com time to read: +1 min

With less than 10 months to go until the 2024 election, the nerve center of President Biden’s bid for a second term is stationed not at his campaign’s headquarters in Delaware but within feet of the Oval Office. Each time, no move happened after the president told aides he wanted to keep Mr. Donilon within walking distance. Anita Dunn, the longtime Democratic operative who stepped in to help revive Mr. Biden’s fledging operation four years ago, is crafting the re-election message again, even as she oversees communications at the White House. Jen O’Malley Dillon, Mr. Biden’s deputy White House chief of staff and former campaign manager, is also splitting her day job with her role as one of the most powerful voices in the campaign. So far, almost none of the people in the president’s inner circle have left for campaign headquarters in Wilmington, Del., prompting some donors and strategists to worry that too much of Mr. Biden’s team remains cloistered inside the White House.

Persons: Biden’s, Mike Donilon, Anita Dunn, Jen O’Malley Dillon Organizations: Democratic, White Locations: Delaware, Wilmington, Del

☆ Hunter Biden agrees to deposition, GOP chairs say contempt resolution on track until a date is set
▼ + stars: | 2024-01-12 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

"We will not tolerate any additional stunts or delay from Hunter Biden," said House Oversight Chair James Comer, R-Ky., and Judiciary Chair Jim Jordan, R-Ohio, in a joint statement. Hunter Biden's surprising offer to appear for a private deposition came two days after Comer and Jordan's panels passed resolutions urging the House to hold him in contempt. But, "If you issue a new proper subpoena, now that there is a duly authorized impeachment inquiry, Mr. Biden will comply for a hearing or deposition," Lowell wrote. "We will accept such a subpoena on Mr. Biden's behalf." Hunter Biden is currently facing criminal charges in two federal courts.

Persons: Hunter Biden, Joe Biden, Biden, James Comer, Jim Jordan, Hunter, Comer, Biden's, Abbe Lowell, Jordan, Lowell, Comer's, Joe Biden's Organizations: Capitol, Department of Justice, Democratic, Court Locations: Washington , U.S, Ky, Ohio, U.S, Los Angeles, Delaware

LOS ANGELES — Hunter Biden, the last surviving son of President Joe Biden, pleaded not guilty to nine tax-related charges during his arraignment in federal court on Thursday. Follow along for live updatesThe arraignment came just over a month after Hunter Biden was indicted in the Central District of California on allegations that he failed to pay his taxes. That charge, which federal authorities have used as a catch-all charge against domestic extremists, is facing court challenges. On Wednesday, Hunter Biden made a surprise appearance at a circus-like hearing on the day that Republicans formally recommended that the House hold him in contempt of Congress for defying a subpoena for testimony. Hunter Biden has said he would testify publicly, but House Republicans have demanded that he testify behind closed doors.

Persons: Hunter Biden, Joe Biden, Biden, Mark C, Scarsi, Donald Trump, David Weiss, General Merrick Garland, Weiss, Abbe Lowell Organizations: Capitol, U.S, District, Central District of, Prosecutors, Trump, Republicans Locations: Washington , U.S, Los Angeles, Central District, Central District of California, Delaware

Berkshire Hathaway settled a billion-dollar lawsuit with the Haslam family over how Berkshire accounted for the value of Pilot Travel Centers, which would affect the price paid in a forced buyout of the family's remaining stake in that truck-stop giant, both sides said Sunday night. The Haslam family and its Pilot Corp. in the suit filed this fall alleged that Berkshire Hathaway improperly adopted a form of accounting of the value of Pilot Travel Centers that would have led to a sharply lower price Berkshire would pay to acquire the family's remaining 20% stake in PTC. Berkshire in turn had accused Cleveland Browns owner Jimmy Haslam of offering payments to PTC executives to boost the value of the company so that his family would get a bigger buyout from Berkshire, which controls PTC. The Haslam family and Pilot Corp. strongly denied those claims. Berkshire and Pilot Corp. in similar press statements Sunday night said that they had reached an agreement to fully settle the Delaware Chancery case.

Persons: Berkshire Hathaway, Haslam, Greg Abel, Warren Buffett, Jimmy Haslam Organizations: Berkshire, Travel Centers, Pilot Corp, PTC, Cleveland Browns Locations: Berkshire, Delaware Chancery, New York, Delaware

☆ Hunter Biden Charged With Evading Taxes on Millions From Foreign Firms
▼ + stars: | 2023-12-07 | by ( Glenn Thrush | Michael S. Schmidt | ) www.nytimes.com time to read: +1 min

A federal grand jury charged Hunter Biden on Thursday with a scheme to evade federal taxes on millions in income from foreign businesses, the second indictment against him this year and a major new development in a case Republicans have made the cornerstone of a possible impeachment of President Biden. Mr. Biden, the president’s son, faces three counts each of evasion of a tax assessment, failure to file and pay taxes, and filing a false or fraudulent tax return, according to the 56-page indictment — a withering play-by-play of personal indulgence with potentially enormous political costs for his father. But the agreement collapsed, and in September, he was indicted in Delaware on three charges stemming from his illegal purchase of a handgun in 2018, a period when he used drugs heavily and was prohibited from owning a firearm. The tax charges have always been the more serious element of the inquiry by the special counsel, David C. Weiss, who began investigating the president’s son five years ago as the Trump-appointed U.S. attorney for Delaware. Mr. Weiss was retained when President Biden took office in 2021.

Persons: Hunter Biden, Biden, Mr, David C, Weiss Organizations: Trump Locations: California, Delaware

☆ Yellow Rivals Scoop Up Truck Terminals in Bankruptcy Auction
▼ + stars: | 2023-12-05 | by ( Paul Berger | ) www.wsj.com time to read: 1 min

About a dozen trucking companies bought properties at a bankruptcy court-supervised auction that unloaded 75% of Yellow’s properties. Above, a Yellow terminal in Orlando, Fla. Photo: Paul Hennessy/Zuma PressYellow is set to raise more than $2 billion after a bankruptcy auction that will disperse much of its national network of truck terminals among rivals, casting deeper doubt on a long shot bid to revive the trucker. About a dozen trucking companies bought properties at a court-supervised auction that unloaded 75% of Yellow’s properties for a total of just under $1.9 billion, according to a filing Monday evening in the U.S. Bankruptcy Court in Delaware. The bids must be approved by the court, which is scheduled to hold a hearing Dec. 12.

Persons: Paul Hennessy, Zuma Organizations: Bankruptcy Locations: Orlando, Fla, U.S, Delaware

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