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☆ Janet Yellen: Some banks may be ‘quite stressed’ by empty office building trouble
▼ + stars: | 2024-02-06 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

“I will never forget it,” Yellen told lawmakers during a hearing before the House Financial Services Committee, referring to the weekend after Silicon Valley Bank failed. Although the bank crisis subsided after federal regulators launched emergency programs, some regional banks have come under renewed pressure in recent days. Yellen said bank regulators are “quite focused” on this problem, including by working with banks to manage risks, build up reserves to cover losses, adjust dividend policies and maintain liquidity. “It’s critically important that the US be on a fiscally sustainable path,” Yellen told lawmakers during the hearing. “We are doing better” than the rest of the world, Yellen told lawmakers Tuesday.

Persons: Janet Yellen, ” Yellen, “, Yellen, Maxine Waters, “ I’m, Larry Kudlow, It’s, Joe Biden, Jerome Powell, “ It’s, ” Powell Organizations: New, New York CNN, Valley Bank, Financial Services, Bank, New York Community Bancorp, Financial, Trump, Federal Locations: New York, Valley, United States, Japan

☆ US sends top Treasury officials to China to discuss economy
▼ + stars: | 2024-02-05 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —A team of five US Treasury Department officials is traveling to Beijing this week for a series of meetings on the economy with their counterparts in China, a Treasury official told CNN on Monday. The trip by senior officials comes ahead of a planned return to China by Treasury secretary Janet Yellen later in 2024. Specifically, the Treasury delegation plans to raise China’s use of non-market economic practices and industrial overcapacity, the official said. The visit marks the first time that the economic working group is meeting in Beijing since it was launched last September after Treasury Secretary Janet Yellen’s trip to China. However, there is nothing to suggest the latest US-China meeting is in direct response to the renewed concerns about China’s economy and financial markets.

Persons: New York CNN —, Janet Yellen, Jay Shambaugh, Donald Trump, Yellen, Janet Yellen’s, ” Yellen, “, Jerome Powell, ”, Powell, ” Powell Organizations: New, New York CNN, US Treasury Department, Treasury, CNN, Shanghai, Weibo, The New York Times, China Business Council’s, Federal, United Locations: New York, Beijing, China, Treasury’s, Washington, Hong Kong, Evergrande, United States

☆ Harvard taps ex-Merck CEO Ken Frazier to join embattled board
▼ + stars: | 2024-02-05 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Former Merck CEO Ken Frazier and KKR co-CEO Joseph Bae are joining Harvard University’s top board as the Ivy League school seeks to turn the page on a tumultuous period. Harvard announced the changes on Sunday evening, saying Frazier will start Wednesday to fill the open seat on the Harvard Corporation, the powerful yet secretive board under fire its handling of the recent controversies. Frazier, who graduated Harvard Law School in 1978, served as CEO of Merck and sat on the board of ExxonMobil, is widely respected in the business community. In 2017, Frazier quit former President Donald Trump’s manufacturing council in response to Trump’s initial failure to condemn white supremacists. Bae graduated from Harvard in 1994 and today he’s one of the most powerful private equity executives in the world.

Persons: Ken Frazier, Joseph Bae, Frazier, Bae, Paul Finnegan, Claudine Gay, ”, Alan Garber, Penny Pritzker, ” Harvard, Pritzker, megadonor, Gay, Donald Trump’s, Catalyst, Garber Organizations: New, New York CNN, Merck, KKR, Harvard University’s, Ivy League, Harvard, Harvard Corporation, Corporation, Democratic Party, Harvard Law School, ExxonMobil Locations: New York, Asia

☆ Banks are being rocked again as real estate losses mount
▼ + stars: | 2024-02-01 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

The regional lender set aside $552 million in the fourth quarter to absorb loan losses, up from $62 million in the previous quarter. The increase was driven partly by expected losses on a loan used to finance an office building, it said. ET as shares in NYCB, as well as other regional banks, suffered sharp losses. Much bigger players are girding themselves for losses linked to commercial real estate. Europe’s benchmark Stoxx Europe 600 Banks index, which tracks 42 big EU and UK banks, is up 23% since a low in late March.

Persons: Thomas Cangemi, Brendan McDermid, Julius Baer, Philipp Rickenbacher, Arnd Wiegmann, Reuters Philip Lawlor, ”, “, ” Lawlor, CNN’s Matt Egan Organizations: London CNN, Credit Suisse, New York Community Bancorp, New York Stock Exchange, Japan’s Aozora Bank, Federal Reserve, ”, CNN, Signa Group, Chrysler, Reuters, Deutsche Bank, Bank, Suisse —, UBS, Wilshire Indexes, KBW Locations: Europe, New York, Tokyo, Zurich, California, Republic, NYCB, Banc, Swiss, Austrian, Switzerland

☆ Baltimore Orioles agree to be sold to a group led by David Rubenstein for $1.7 billion
▼ + stars: | 2024-01-30 | by ( Matt Egan | David Goldman | ) edition.cnn.com time to read: +2 min

The Orioles have been mediocre — or straight-up awful — throughout most of Angelos’ ownership. The new owner, Rubenstein, is a Baltimore native and co-founder of The Carlyle Group, a Washington, DC-based private equity giant. If the sale is approved, Rubenstein will become the controlling partner in the ownership group, the key decision-maker. After the 94-year-old Angelos dies, the Rubenstein group will own all 100% of the club. The Orioles’ $1.7 billion valuation is nearly triple what the team was worth in 2014, according to Forbes.

Persons: Peter Angelos, David Rubenstein, Angelos, Hall, Cal Ripken, Jr, Rubenstein, Angelos ’, Michael Arougheti Organizations: CNN, Baltimore Orioles, Orioles, Major League Baseball, Baltimore, Hall of Famer, American League East, AL, The Carlyle Group, longtime Orioles, Ripken, Ares Management, Forbes, Milwaukee Brewers, Colorado Rockies Locations: Baltimore, Washington, DC

☆ $500 million Harvard megadonor halts donations, says elite schools produce ‘whiny snowflakes’
▼ + stars: | 2024-01-30 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

At a conference in Miami on Tuesday, Griffin expressed deep frustration with the state of American universities, including the disastrous testimony before Congress by the presidents of Harvard, MIT and UPenn. Griffin, the founder of hedge fund Citadel, said he is no longer supporting Harvard financially but would like that to change. The donor backlash at Ivy League schools raises questions about the sway wealthy individuals hold over educational institutions. Just last April, Griffin made a $300 million gift to Harvard’s Faculty of Arts and Sciences (FAS). Griffin suggested that students at elite schools are “just caught up in the rhetoric of oppressor and oppressee and… just like whiny snowflakes.”The billionaire also reiterated that he won’t hire students who signed an anti-Israel statement issued by Harvard organizations in October.

Persons: Ken Griffin, ” Griffin, Griffin, CNBC’s Leslie Picker, ”, “, “ Will, it’s “, Leslie Wexner, Len Blavatnik Organizations: New, New York CNN —, Harvard University, Harvard, University of Pennsylvania, MIT, UPenn, Citadel, MFA Network Miami, Ivy League, Harvard’s Faculty of Arts and Sciences, FAS, Harvard College, Bloomberg Locations: New York, Columbia, Miami, microaggressions, Israel

☆ NY AG sues Citibank for failing to protect customers from fraud
▼ + stars: | 2024-01-30 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —New York Attorney General Letitia James filed a lawsuit against Citibank on Tuesday, alleging the big bank failed to do enough to protect and reimburse victims of fraud. The lawsuit argues that New York customers lost millions of dollars — in some cases their entire lifesavings — to scammers and hackers because of Citi’s weak security and anti-fraud measures. According to the NY AG, Citi does not do enough to prevent unauthorized account takeovers, illegally refuses to reimburse fraud victims and “misleads” customers about their rights after their accounts are hacked. “Our actions have reduced client wire fraud losses significantly, and we remain committed to investing in fraud prevention measures to help our clients secure their accounts against emerging threats,” the Citi spokesperson said. Last year, federal regulators alleged Citi illegally discriminated against Armenian Americans for years, singling them out on credit card applications based on their last names.

Persons: Letitia James, “, Banks, James, “ Banks, ” Organizations: New, New York CNN — New York, Citibank, NY AG, Citi, Court, Southern, of, AG, “ Citi, CNN, Armenian Locations: New York, of New York

☆ Palestinian and Muslim students demand investigation into Harvard for allegedly failing to protect them from harassment
▼ + stars: | 2024-01-29 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —A federal civil rights complaint was filed on Monday against Harvard University on behalf of Muslim and Palestinian students who say the school failed to protect them from harassment and intimidation, according to the Muslim Legal Fund of America. The complaint, filed with the Department of Education’s Office for Civil Rights, calls for an immediate investigation into Harvard, the legal group said. “They are trying to walk the campus but they’re getting accosted because they look like someone who might be Palestinian or Muslim. Last fall, the Education Department launched a federal investigation into Harvard and other universities over alleged incidents of antisemitism and Islamophobia. In October, the names and faces of Harvard students allegedly linked to an anti-Israel statement were plastered on a mobile billboard truck that drove near campus.

Persons: MLFA, ”, Christina Jump, “, they’re, “ We’ve, ” MLFA, Alan Garber, ” Garber Organizations: New, New York CNN, Harvard University, Muslim, Fund of America, Department of Education’s, Civil Rights, Harvard, Civil Litigation Department, CNN, Education Department Locations: New York, Israel

☆ Bill Ackman accuses Harvard of ‘election interference’ and Mark Zuckerberg wades into board battle
▼ + stars: | 2024-01-29 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Each January, Harvard University alumni are eligible to gather enough signatures to run for the university’s Board of Overseers. Mark Zuckerberg is throwing his support behind former Facebook exec Sam Lessin, a venture capitalist calling for significant reform to Harvard. Ackman, who led the campaign to oust former Harvard president Claudine Gay, is drawing attention to the tedious process of gathering signatures from alumni. “In the securities world, the SEC would come in an prosecute a company that made it this difficult to vote for an alternative slate,” Ackman wrote. It’s not more complicated than that.”During the virtual event on Friday, Zuckerberg said Lessin is the “type of person” he’d want governing Harvard.

Persons: Mark Zuckerberg, Sam Lessin, Lessin, Penny Pritzker, Bill Ackman, Ackman, Claudine Gay, Gay, “, ” Ackman, ” Harvard, Bill, ” Lessin, ”, they’ve, Zuckerberg, Josh Kushner, Alfred Lin, Mark, He’s, It’s, Sam, ” Zuckerberg Organizations: New, New York CNN, Harvard University, university’s, Harvard, Facebook, Harvard Corporation, SEC, “, CNN, Sequoia Locations: New York, Harvard, Israel

☆ Elizabeth Warren rips Fed for fueling affordability crisis in housing, calls for rate cuts
▼ + stars: | 2024-01-29 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —America has a housing affordability crisis and Elizabeth Warren blames Jerome Powell and his colleagues at the Federal Reserve. To fight inflation, the Fed spiked interest rates at the fastest pace since the early 1980s. However, the Fed’s war on inflation set off shockwaves in the housing market. The one-two punch of elevated borrowing costs and record-high home prices has made the housing market historically unaffordable. “High interest rates have aggravated the country’s crisis of housing access and affordability,” the Senate Democrats wrote.

Persons: Elizabeth Warren, Jerome Powell, Powell, Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse, Freddie Mac, “, Tom Barkin didn’t, ” Organizations: New, New York CNN, Federal Reserve, CNN, Democratic, Democrats, Fed, National Association of Home Builders, Mortgage Bankers Association, National Association of Realtors, Richmond Fed Locations: New York, America, White

☆ House GOP threatens Harvard with subpoena, considers expanding antisemitism investigation to Cornell and Columbia
▼ + stars: | 2024-01-29 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

A spokesperson for the committee provided CNN a list of the 24 documents Harvard turned over to Congress, noting that all of them were already available publicly. Asked if she has considered adding other schools including Cornell University and Columbia University to the investigation, Foxx said yes. We are quite well aware of Cornell and Columbia,” Foxx said, adding that Columbia President Minouche Shafik was invited to testify but was unable to attend. White-shoe law firm WilmerHale is aiding UPenn in the House investigation, a university spokesperson told CNN. But that had nothing to do with our investigation,” Foxx said.

Persons: Virginia Foxx, Harvard, ” Foxx, Foxx, Jason Newton, “, ” Newton, ” Cornell, Minouche Shafik, WilmerHale, UPenn, Liz Magill, Anna Rose Layden, Derek Penslar, Larry Summers, ”, “ We’re, Penslar “, Gay, Claudine Gay Organizations: New, New York CNN — Rep, House Education, Workforce Committee, Harvard University, CNN, Harvard, Columbia, MIT, University of Pennsylvania, Cornell University, Columbia University, Cornell, Department of Education, House, Rep, U.S, Capitol, American Academy for Jewish Research, National, Gay Locations: New York, Washington , DC, Israel, Penslar

☆ Joe Biden is not coming for your gas stove
▼ + stars: | 2024-01-29 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

Your gas stove is safe. The US Energy Department announced new energy efficiency standards for ovens and stoves, and the big takeaway is: Not much is changing. The department assured that the vast majority of gas stoves on the market – 97% – already meet the standards. Trumka had confirmed to CNN that “everything’s on the table” when it comes to gas stoves, but stressed that any ban would apply only to new gas stoves, not existing ones. “I can tell you the last thing that would ever leave my house is the gas stove that we cook on.”CNN’s Matt Egan contributed to this story.

Persons: ”, Andrew deLaski, Richard Trumka Jr, Trumka, ” Trumka, it’s, Democratic Sen, Joe Manchin, “, ” CNN’s Matt Egan Organizations: New, New York CNN, Biden, Consumer Product Safety, US Energy Department, DOE, Energy Department, US Consumer Product Safety, CNN, Consumer Product Safety Commission, Consumers, Democratic, Twitter Locations: New York, West Virginia

☆ Cornell donor demands president step down, citing ‘toxic’ diversity policies
▼ + stars: | 2024-01-25 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —The growing battle between Ivy League institutions and frustrated alumni is now playing out at Cornell University. A prominent alumnus and longtime donor is calling for the immediate resignations of Cornell President Martha Pollack and Provost Michael Kotlikoff, arguing the university’s diversity policies have created a “toxic” environment. Jon Lindseth, an emeritus member of Cornell’s board of trustees, penned an open letter demanding university leaders clean house. Lindseth’s criticism of Cornell’s DEI policies are supported by the Cornell Free Speech Alliance, an alumni group founded in August 2021 pushing to reform the university. While the website for Cornell’s board of trustees does indicate meetings are scheduled, university officials say these are not emergency meetings.

Persons: Martha Pollack, Provost Michael Kotlikoff, Jon Lindseth, Lindseth, Cornell “, ” Lindseth, Bill Ackman, Claudine Gay, Pollack, ” Kraig Kayser, ”, “, ” Joel Malina, ” Cornell Organizations: New, New York CNN, Ivy League, Cornell University, Cornell, Harvard, Cornell Free Speech Alliance, Department of Education, Committee, University and Pennsylvania, Massachusetts Institute of Technology Locations: New York, America, Israel

☆ Premarket stocks: Crypto fans got what they wanted. So why is bitcoin falling?
▼ + stars: | 2024-01-25 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

So, why is the price of bitcoin falling, even after investors got what they wanted? Part of the reason is likely a “buy the rumor, sell the news” mentality, according to Antoni Trenchev, co-founder of crypto lender Nexo. Interestingly, bitcoin ETF activity actually shows net buying. Greyscale’s fund is the largest bitcoin ETF, holding roughly $20 billion in assets. ETFs hold just a small portion of the bitcoin that’s traded, says Eric Balchunas, senior ETF analyst at Bloomberg Intelligence.

Persons: cryptocurrencies, bitcoin, Antoni Trenchev, that’s, Eric Balchunas, ”, Bitcoin, FTX, “ We’re, Craig Erlam, vibing, Bryan Mena, Read, It’s, Janet Yellen, Matt Egan, Yellen, Biden Organizations: CNN Business, Bell, New York CNN —, US Securities and Exchange, SEC, Investors, Bloomberg Intelligence, CNN, Economic, of Chicago, Treasury Locations: New York, America, Chicago, Covid

☆ House demands UPenn turn over trove of documents in antisemitism investigation
▼ + stars: | 2024-01-24 | by ( Matt Egan | ) edition.cnn.com time to read: +1 min

New York CNN —A House committee sent a letter to the University of Pennsylvania on Wednesday demanding the school turn over documents related to an investigation into antisemitism on campus. Rep. Virginia Foxx, the Republican chairwoman of the Committee on Education and the Workforce, is requesting that UPenn respond to the document request by no later than February 7. Lawmakers launched a formal investigation into UPenn, Harvard University and MIT last month following disastrous testimony about antisemitism from the leaders of the three schools. Liz Magill stepped down last month as UPenn’s president in the wake of her testimony on Capitol Hill. UPenn did not immediately respond to a request for comment.

Persons: Virginia Foxx, UPenn, “, ” Foxx, Larry Jameson, Ramanan Raghavendran, Liz Magill, Scott Bok, Foxx Organizations: New, New York CNN, University of Pennsylvania, Rep, Education, Lawmakers, Harvard University, MIT, Capitol, Harvard Locations: New York, Qatar, UPenn

☆ Wall Street firm hit by cyberattack that has knocked systems offline
▼ + stars: | 2024-01-24 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —EquiLend, a Wall Street firm that processes trillions of dollars of securities transactions a month, was hit by a cyberattack that has knocked some of its systems offline, the company said Wednesday. The financial technology firm, owned by Goldman Sachs, JPMorgan and other major Wall Street firms, said in a statement to CNN that it could take “several days” before services are fully restored. “We immediately launched an investigation and have identified a cyber security incident involving unauthorized access to our systems,” Gohlke said. EquiLend, owned by a consortium of Wall Street firms including BlackRock and Bank of America, is a significant player in the securities-lending industry through its NGT trading platform. Last week, EquiLend announced a deal to sell a majority stake in itself to private-equity firm Welsh, Carson, Anderson & Stowe for an undisclosed sum.

Persons: New York CNN —, Goldman Sachs, Christopher Gohlke, ” EquiLend, ” Gohlke, “, Christopher Hayden, EquiLend, Anderson, Stowe Organizations: New, New York CNN, Street, JPMorgan, CNN, Treasury, Wall, BlackRock, Bank of America Locations: New York, Carson

☆ Janet Yellen: It’s still too hard to be a working parent in America
▼ + stars: | 2024-01-24 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

There’s much more the President and I would like to do to support the middle class,” Yellen plans to say during the speech at the Economic Club of Chicago. Treasury officials have billed the speech as one of the most significant Yellen plans to deliver this year and an effort to set the tone for her domestic agenda during 2024. We need to get American families access to affordable child care and other support for their children,” Yellen is set to say, according to the excerpts. “This story of the middle class is not separate from the state of the economy. “Though some forecasters thought a recession last year was inevitable, President Biden and I did not,” Yellen will say.

Persons: Janet Yellen, ”, Yellen, Biden, “, Joe Biden, ” Biden, Biden’s Organizations: New, New York CNN, CNN, Economic, of Chicago, Treasury, ”, University of Michigan Locations: New York, Chicago, Covid, North Carolina

☆ GOP Rep. Virginia Foxx admonishes Harvard for ‘unacceptable’ response to antisemitism investigation
▼ + stars: | 2024-01-23 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —House Education Committee Chairwoman Rep. Virginia Foxx blasted Harvard University on Tuesday evening for failing to turn over all the documents lawmakers demanded in their antisemitism investigation into the Ivy League school. Harvard faced a 5 pm ET deadline on Tuesday to respond to a demand from lawmakers for a mountain of documents relating to antisemitism on campus. Last week, Alan Garber, Harvard’s interim president, unveiled two presidential task forces aimed at fighting antisemitism and Islamophobia. The House investigation is separate from a probe by the same committee into how Harvard responded to plagiarism allegations against its former president, Claudine Gay. The Department of Education has also launched an unprecedented number of Title VI investigations into colleges, including Harvard, the University of Pennsylvania and Cornell University.

Persons: Virginia Foxx, Foxx, “, Harvard, ” Foxx, Nick Barley, ”, Alan Garber, ” Garber, Lawmakers, Claudine Gay Organizations: CNN —, Harvard University, Ivy League, Republican, Harvard, CNN, The, of Education, University of Pennsylvania, Cornell University Locations: North Carolina, Harvard

☆ Israeli hostage posters at Harvard vandalized with antisemitic messages
▼ + stars: | 2024-01-23 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Israeli hostage posters that were hung up at Harvard University had been vandalized with antisemitic messages just as students returned from winter break. Footage shared with CNN by Harvard student Alexander Kestenbaum shows a handful of hostage posters defaced with messages such as “Israel did 9/11.” A poster of a four-year-old Israeli hostage was defaced, while “LIES FAKE” was scrawled over another hostage poster. Photos and videos geolocated by CNN indicate the vandalized posters were hung just outside Holworthy Hall, a first-year student dorm located on the northern edge of Harvard Yard. The Harvard spokesperson said the vandalized posters near the Thayer Gate have been removed and the Harvard University Police Department is investigating the incident. “Instead, they were confronted with vandalism, the defacement of hostage posters, and vile antisemitic conspiracy theories.

Persons: ”, Alexander Kestenbaum, Israel, “, It’s, Kestenbaum, Claudine Gay’s, Jonathan Greenblatt, ” Greenblatt, Getzel Davis, ” Davis, Alan Garber, ” Garber, Larry Summers, Derek Penslar, Summers, Penslar, nauseous, Celina Tebor, Michelle Watson, Nic, Anderson Organizations: New, New York CNN, Harvard University, Harvard, CNN, Harvard Yard, Harvard University Police Department, Cambridge, Visitors, Harvard’s, Equity, Diversity, Defamation, Harvard Hillel, American Academy for Jewish Research, Columbia University, NYPD, Columbia Locations: New York, Harvard’s, Holworthy, Cambridge , Massachusetts, Israel

☆ Trump SPAC has tripled since the Iowa caucuses
▼ + stars: | 2024-01-23 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Digital World’s share price spiked 88% to 19-month highs on Monday alone. Since Trump’s landslide victory in the Iowa caucuses on January 15, Digital World shares have more than tripled. That in turn drives the share price even higher, creating further losses for short-sellers. Jay Ritter, a finance professor at the University of Florida, expressed shock at the stock spike for Digital World. Neither Trump Media & Technology Group nor Digital World responded to requests for comment.

Persons: that’s, Donald Trump, That’s, Ron DeSantis, Trump, ”, Matthew Tuttle, Tuttle, –, what’s, Jay Ritter, “ It’s, ” Ritter, Ritter, “, he’s, ” Tuttle Organizations: New, New York CNN, Truth Social, Trump Media & Technology Group, Florida, Trump, New Hampshire, Tuttle Capital Management, University of Florida, GameStop, SEC, & $ Locations: New York, United States, New, Iowa, “ After Iowa

☆ Harvard cancer institute moves to retract six studies, correct 31 others amid data manipulation claims
▼ + stars: | 2024-01-22 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

CNN —The Dana-Farber Cancer Institute, a prestigious Harvard teaching school, is moving to retract six studies and correct 31 others following allegations of data manipulation. The steps by the Harvard Medical School affiliate come after a molecular biologist published a blog post earlier this month alleging researchers falsified data by manipulating images. More than 50 papers are part of the ongoing review by Dana-Farber into four researchers, all of whom have faculty appointments at Harvard Medical School. Earlier this month, Sholto David published a blog post titled “Dana-Farberications at Harvard University,” alleging researchers at the cancer institute manipulated images and data. According to Rollins, Dana-Farber said it was already reviewing “potential data errors” in multiple cases that the blog listed and stressed that the issues uncovered do not necessarily amount to misconduct.

Persons: Dana, Farber, Laurie Glimcher, ” Barrett Rollins, “ Dana, Rollins, Claudine Gay, Gay, ”, Sholto David, Farberications, David, ” Rollins Organizations: CNN, Farber Cancer Institute, Harvard, Harvard Medical School, Dana, Ivy League, ” Harvard, Harvard University, Photoshop

☆ Larry Summers blasts Harvard over antisemitism: ‘I have lost confidence’
▼ + stars: | 2024-01-22 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Famed economist Larry Summers slammed Harvard’s top leaders on Sunday over concerns about how the Ivy League school is fighting antisemitism. Summers, a former president of Harvard, strongly criticized the selection of Harvard professor Derek Penslar as the co-chair of a newly-formed presidential task force on antisemitism. “I have lost confidence in the determination and ability of the Harvard Corporation and Harvard leadership to maintain Harvard as a place where Jews and Israelis can flourish,” Summers said in a post on X, formerly known as Twitter. The task forces will be charged with examining bias, determining root causes and compiling recommendations to combat hate. “As things currently stand, I am unable to reassure Harvard community members, those we are recruiting or prospective students that Harvard is making progress in countering anti-Semitism,” Summers said.

Persons: Larry Summers, Harvard’s, Summers, Derek Penslar, “, ” Summers, Claudine Gay, Clinton, Obama, Penslar, ”, ” Penslar, Israel, Israel’s, Bill Ackman, “ Harvard, Alison Frank Johnson, Steven Levitsky, stnd, ” Alan Garber, ” Garber, Penny Pritzker Organizations: New, New York CNN, Ivy League, Harvard, Harvard Corporation, Twitter, Jewish Telegraphic Agency, CNN, American Academy for Jewish Research, North America ”, The Corporation Locations: New York, Israel, Gaza, North America

☆ Harvard submits plagiarism investigation documents to Congress
▼ + stars: | 2024-01-19 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Harvard University submitted a trove of documents on Friday to House lawmakers investigating the plagiarism scandal surrounding former President Claudine Gay. Nick Barley, a spokesperson for the House Education and Workforce Committee, told CNN that lawmakers are “currently reviewing” documents related to the plagiarism investigation Harvard sent ahead of a 5 pm ET deadline. The Harvard Crimson previously reported that the university submitted documents to the committee on Friday. But, following the hearing, Gay began to draw widespread criticism over accusations of plagiarism, including multiple instances of missing quotation marks and citations. Notably, the university called those corrections “regrettable,” but found they did not meet the punishable threshold of research misconduct.

Persons: Claudine Gay, Nick Barley, “, Harvard, Virginia Foxx, Penny Pritzker, Gay, Gay’s, Israel – Organizations: New, New York CNN — Harvard University, House Education, Workforce Committee, CNN, Harvard Corporation, Harvard Crimson, Harvard Locations: New York, Harvard’s

☆ Detroit Lions ticket prices are going through the roof as rare playoff run stimulates local economy
▼ + stars: | 2024-01-19 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

And the entire Detroit economy is cashing in on the team’s rare playoff success, not just the ticket vendors. Normally closed on Sundays in January, Vertical Detroit was jam-packed last Sunday to host fans before the Lions game. Detroit Lions quarterback Jared Goff walks off the field after an NFL wild-card playoff football game against the Los Angeles Rams, Sunday, Jan. 14, 2024, in Detroit. ‘Trying to rebuild the city’This weekend’s Lions playoff game, airing on NBC, will once again put Detroit in the national spotlight. A boost to tourism from an unlikely spot — the Detroit Lions — should help support that comeback.

Persons: That’s, Eminem, ”, Tyler Theile, Remy Lutfy, ” Lutfy, Jared Goff, Paul Sancya, Taylor Swift, Matt Ferrel, ” Ferrel, Henry Ford, Ford Hamp, ” Theile, Lutfy, “ We’ve Organizations: CNN, Lions, Super, Tampa Bay Buccaneers, San Francisco 49ers, Dallas Cowboys, The Lions, Detroit, Anderson Economic, AEG, Detroit Lions, NFL, Los Angeles Rams, “, Ford, Firestone, NBC, steakhouse Locations: Detroit, TickPick, City

☆ Insurers shun many ships carrying goods through the Red Sea as attacks continue
▼ + stars: | 2024-01-17 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

The crisis in the Red Sea threatens to damage the economy by increasing prices on consumers and delaying the shipment of goods. A Houthi official vowed on Wednesday that attacks on “Israeli-linked” vessels in the Red Sea as well as the Arabian Sea will continue. Ikea also does not foresee any product shortages from the Red Sea problems. “Shippers are now much better at using alternative ways of moving their goods around the world,” Zandi said. “We have not seen the situation in the Red Sea translate into material movements in prices in the US such as consumer goods and gasoline prices,” Schwartz said.

Persons: ”, Marcus Baker, Marsh McLennan, Baker, Vicent Clerc, ” Clerc, CNN’s Richard Quest, Mark Zandi, Zandi, Kristalina Georgieva, Quest, ” Zandi, Stephen Schwartz, ” Schwartz Organizations: CNN, US, US Central Command, Maersk, International Monetary Fund, Oxford University . Shipping, P, Moody’s, Global, IMF, Economic, Wednesday, Ikea, Wells, Wells Fargo Global Receivables, Trade Finance Locations: Israel, Marsh, Suez, Africa, China, Davos, Switzerland, “, Asia, Europe, Germany, Wells Fargo, Iran

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