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☆ Billionaire Marc Lasry claims in a new lawsuit that a former employee is trying to extort him for $50 million. Here are the most eye-catching excerpts.
▼ + stars: | 2024-10-22 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

The lawsuit alleges that Strum was demanding $50 million from Lasry or she threatened to make things "really, really, ugly." In the suit, Lasry, the former owner of the NBA's Milwaukee Bucks and a longtime Democratic megadonor, alleges that his former employee, Gina Strum, was trying to extort him for $50 million. The suit states that Lasry rebuffed Strum's advances, but that did not stop the flow of texts. "Ms. Strum wrongly asserted that Ms. Gardner's 2022 surgery should have been disclosed to Avenue's investors, because according to Ms. Strum, Ms. Gardner was in poor health and had not been working for the last two years," the suit reads. "When Ms. Strum received the attention and the money she sought, she routinely complimented Plaintiffs," the suit states.

Persons: Marc Lasry, Gina Strum, Strum, —, Sonia Gardner, Democratic megadonor, Lasry, Gardner, Daniel Kaiser, Kaiser, Strum's, doesn't, Gardner's, Strum vindictively, Strum — Organizations: Capital, Service, Milwaukee Bucks, Democratic, Bloomberg Locations: New York

☆ Infants died at higher rates after abortion bans in the US, research shows
▼ + stars: | 2024-10-21 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +4 min

CNN —In the year and a half following the Supreme Court Dobbs decision that revoked the federal right to an abortion, hundreds more infants died than expected in the United States, new research shows. They found that infant mortality was higher than usual in the US in several months after the Dobbs decision and never dropped to rates that were lower than expected. In the months that infant mortality was higher than expected – October 2022, March 2023 and April 2023 – rates were about 7% higher than typical, leading to an average of 247 more infant deaths in each of those months. She was not involved in the new study, but does research abortion trends in the US. Abortion bans may affect access to and willingness to seek prenatal care and broader support systems, she said, and the barriers compound.

Persons: Dobbs, ”, Parvati Singh, Singh, Dr, Maria Gallo, ” Singh, Ushma, “, ” Upadhyay, Sanjay Gupta, aren’t, Alison Gemmill, “ It’s Organizations: CNN, Ohio State University College of Public Health, University of California, CNN Health, “, Johns Hopkins University Locations: United States, Texas, San Francisco

☆ Two Navy pilots killed in jet crash had recently returned from Middle East deployment
▼ + stars: | 2024-10-21 | by ( Oren Liebermann | ) edition.cnn.com time to read: +3 min

Lyndsay P. Evans, 31, and Lt. Serena N. Wileman, 31, were killed after their EA-18G Growler fighter jet crashed on Tuesday. She was also awarded three Strike Flight Air Medals for contributing to missions flown between last December and March. Because of poor weather conditions and difficult terrain, the search for their downed fighter jet took three days. Search and rescue teams ultimately found the remains of the aircraft in a “remote, steep, and heavily-wooded area” at about 6,000 feet east of Rainier, the Navy said. The two often flew together on an EA-18G, according to the Navy, a modified version of an F/A-18 fighter jet.

Persons: Cmdr, Lyndsay, Evans, Serena, Dwight D, Eisenhower, Chris “, Ike, ” Wileman, ”, Miley, Aron Montano, US Navy Evans, “, ” Evans, Seattle’s King, Wileman Organizations: CNN, Naval, EA, Electronic Attack, Navy, Carrier Air, US Navy, Luke Air Force Base, Houthi Locations: Mount Rainier, Washington State, Yemen, Iran, Arizona, Rainier

☆ The election could be less of a market catalyst than people think, some investors say
▼ + stars: | 2024-10-21 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The U.S. presidential election is fast approaching, but it may not have as much an impact on markets as people may think, some investors say. History suggests the strong performance bodes well for a post-election pop into year's end. When Trump was elected in the 2016 presidential election, investors expected energy would perform well — but the subsequent two years proved unfavorable for the sector. During the 2000 election, volatility lasted for more than 30 days, through December. "We encourage investors to keep their long-term objectives in mind during periods of uncertainty and position for election related volatility," Guerra wrote.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Sam Stovall, Stovall, Joe Biden's, Dan Chung, John Stoltzfus, Morgan Stanley, Morgan Stanley Wealth Management's Monica Guerra, Guerra, Ross Mayfield, Baird Organizations: U.S, NBC News, Republican, Dow Jones Industrial, CFRA, Oppenheimer Asset Management, Presidency, Senate, Republicans, Trump, Morgan Stanley Wealth

☆ Events That Led to Close Call on Trump’s Life Were Preventable, Committee Finds
▼ + stars: | 2024-10-21 | by ( Luke Broadwater | More About Luke Broadwater | ) www.nytimes.com time to read: +1 min

The House task force on the attempted assassinations of former President Donald J. Trump released its first preliminary report Monday, chastising the Secret Service for poor planning and a communications breakdown that resulted in a fatal shooting at Mr. Trump’s rally in Butler, Pa.“Put simply, the evidence obtained by the task force to date shows the tragic and shocking events of July 13 were preventable and should not have happened,” the report said. The 53-page bipartisan report is based on 23 interviews with local law enforcement officials who assisted with security at the rally, thousands of pages of documents from local, state and federal authorities, and testimony from the task force’s public hearing on Sept. 26. Its findings largely hew to the conclusions of three other recent investigations. A Senate inquiry found that no one was in charge of planning and security decisions for the July 13 campaign rally where Mr. Trump was shot; an independent panel reviewing the failures that led to the attempted assassination called on the Secret Service to replace its leadership with people from the private sector and focus almost exclusively on its protective mission; and the Secret Service’s own internal investigation found that complacency had set in among some of the agents charged with securing the rally site.

Persons: Donald J, Trump, Trump’s Organizations: Service Locations: Butler, Pa

☆ At his Pennsylvania rally, Trump makes a lewd Arnold Palmer comment
▼ + stars: | 2024-10-20 | by ( Steve Contorno | Kate Sullivan | ) edition.cnn.com time to read: +6 min

Or so his campaign said Saturday as the former president took the stage in Latrobe, Pennsylvania. “Arnold Palmer was all man, and I say that in all due respect to women, I love women. In between the vulgar and bizarre moments at Trump’s rally Saturday were glimpses of a closing pitch. There was little, though, to differentiate Trump’s remarks from dozens of speeches he has delivered over the course of the campaign. Still, Trump looked ahead to the moment when he could put his third White House bid in the rearview mirror.

Persons: Donald Trump, Trump, Arnold Palmer, “ Arnold Palmer, ” Trump, “, Antonio Brown, Kamala Harris, ”, Harris, Al Sharpton, MSNBC’s, ” Harris, Peg Palmer Wears, we’ll, — ” Trump, “ Today’s, Jason Miller, Miller, “ I’ve, I’ve, We’ve Organizations: CNN, White, Pittsburgh Steeler, Democratic, Associated Press, Pittsburgh, Trump, Saturday, Pittsburgh Steelers, Madison, CNBC Locations: Latrobe , Pennsylvania, United States, Pennsylvania, Philadelphia, Latrobe, Detroit

☆ 3 signs that investors should expect the bull market to continue for a third year in 2025
▼ + stars: | 2024-10-20 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The S&P 500 has enjoyed a bull market since October 2022, rising nearly 70%. AdvertisementThe stock market has been experiencing a bull market for the last two years. The Magnificent Seven drove much of the returns for the S&P 500 this year, contributing 34% of the index's total return. Analysts expect S&P 500 companies to report 4.2% profit growth for Q3. Ever since World War II, bull markets that have lasted two years continue onwards for a third.

Persons: LPL Financial's Quincy Crosby, —, Quincy Crosby, LPL, Crosby, JPMorgan Chase, Goldman Sachs, Wells, Jack Ablin, Jerome Powell, Buchbinder Organizations: Service, LPL, Federal, Bull, JPMorgan, Wells Fargo, Morningstar, Cresset Capital Management, Federal Reserve Locations: America

☆ Trump’s wild and lewd rhetoric reaches a new extreme
▼ + stars: | 2024-10-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

His alarming behavior may look to some like a candidacy melting down when the pressure is at its most extreme. With polls deadlocked, Trump’s behavior hasn’t yet disqualified him. And Trump’s voters still regard him as a vessel for their frustration with a political and economic system they believe has poorly served them. Trump’s behavior underscores stakes of deadlocked electionIt will be up to voters to decide how to process Trump’s recent conduct. The Harris campaign, which began as an attempt to spread joy, is now fully exploiting Trump’s rhetorical rampages.

Persons: Donald Trump’s, Kamala Harris, demeans, Trump, Joe Biden, Harris, Arnold Palmer’s, “, Mike Johnson, Biden, spokespeople, Al Sharpton, United States …, ”, Harris ’, Tim Walz, He’s, Barack Obama, Nancy Pelosi, Adam Schiff, Trump’s, Johnson, CNN’s Jake Tapper, Schiff, Pelosi, MediaBuzz ”, ” Schiff, “ We’re, –, Palmer, he’s, Walz, Johnson’s, Donald Trump, ” Sen, Lindsey Graham Organizations: CNN, CNN’s, MSNBC, United, Minnesota Gov, Trump, Republicans, National Guard, California Democratic, Justice Department, CBS, Fox News, Economic, of Chicago, Biden, Republican, Trump The, GOP, “, Union, South Carolina Republican Locations: ”, CNN’s “ State, United States, Nebraska, Nevada, ’, California, “ State, Ohio, Latrobe , Pennsylvania, Pennsylvania

Online content creators, they say, often fail to ensure the same basic standards for treating cast and crew that more traditional entertainment sets do. However, as digital productions grow, those who work with or under creators said some could benefit from the structure seen on traditional Hollywood sets. Unlike Hollywood sets, most digital productions do not necessarily rely on union workers. Some believe the digital entertainment space — which includes a wide range of productions, including reality and scripted content — would benefit from union oversight. “Because new [digital] media has got about 15 years, the unions have 100.

Persons: ” MrBeast, Jimmy Donaldson, “, Donaldson, Mair Mulroney, “ I’ve, ”, YouTuber Dhar Mann, Scott Brown, They’ve, ” NABET, Bernie Su, Su, Lizzie Bennet, Emma, YouTubers, ” Su, Mulroney, Dhar, Mann, there’s, ” Mulroney, Neal Mohan, Brown, don’t, they’re, ” Brown Organizations: Amazon Studios, Beast, Hollywood, “ Beast, In Hollywood, Screen, American Federation of Television, Radio Artists, International Alliance, MrBeast, SAG, National Association of Broadcast Employees, Technicians, Guild of Canada, YouTube, Guild of America, VidCon, Rodeo Locations: Las Vegas , Toronto, Panama, In, Toronto

☆ Tentative deal announced to end Boeing strike
▼ + stars: | 2024-10-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —A tentative deal has been reached to end the five-week-long strike at troubled aircraft maker Boeing, the union announced to its 33,000 striking members early Saturday. Rank-and-file already nearly unanimously rejected a previous tentative agreement, precipitating the first strike at the company in 16 years. Many union members had expressed anger over the loss of the pensions. The union credited Acting Labor Secretary Julie Su with brokering the deal in indirect talks between the union and management. A week after that deal was rejected, Boeing improved its offer to 30% in wage increases over the four-year deal, terming that its best and final offer.

Persons: Kelly Ortberg, Julie Su, Su, Max Organizations: New, New York CNN, Boeing, International Association of Machinists, International Longshoremen’s Association, Gulf, Airbus, Alaska Airlines, Federal Aviation Administration Locations: New York

☆ LVMH had a rough week. That's a bad sign for the luxury sector.
▼ + stars: | 2024-10-19 | by ( Madeline Berg | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . LVMH, the largest of the luxury conglomerates, announced its third-quarter earnings this week, and the results were grim. AdvertisementWhile personal luxury sales in China grew by more than 37% each year from 2019 through 2021, that annual growth is not expected to hit more than 4.2% through 2028, according to EMARKETER data. AdvertisementEMARKETER's Canaves pointed to the collaborations and moves toward streetwear that helped some brands emerge from the last luxury slump. Of course, any expansion into new categories should not take attention from handbags and clothing, the revenue drivers of luxury brands.

Persons: LVMH, —, Louis Vuitton, Salvatore Ferragamo, Goldman Sachs, Gucci, Hermès, Jean, Jacques Guiony, Adam Cochrane, Chanel, Canaves, Guiony, Birkin, Deutsche Bank's Cochrane, Cartier, Brunello Cucinelli, Rambourg, Louis Organizations: Service, Revenue, Louis, Burberry, Business, Deutsche Bank, Gucci, Deutsche Bank's, Chez Locations: China, Asia, Japan, COVID, streetwear, Paris

☆ Wild Tennessee rivalry win against Alabama puts Tide in previously unthinkable position
▼ + stars: | 2024-10-19 | by ( The Athletic College Football | ) www.nytimes.com time to read: +9 min

A few possessions later, Tennessee sealed the win with a Will Brooks interception of Jalen Milroe with 1:24 to play. Though the Tide won last year in Tuscaloosa, Saturday marked Tennessee’s second consecutive win against Alabama at Neyland Stadium, something that hadn’t happened since 2004 and 2006. The Vols jumped to 56 percent after the win, and the Tide fell to 53 percent, according to The Athletic’s Austin Mock. A loss to Tennessee coupled with the loss to Vanderbilt and a lackluster win against South Carolina puts Alabama in a simple but challenging position: win out or bust. Four Tennessee drives reached Alabama territory in the first half Saturday, but the Volunteers failed to score on any of them.

Persons: Kennington Smith, Joe Rexrode, David Ubben, Crimson, Kalen DeBoer, Nico Iamaleava, Chris Brazzell II, Will Brooks, NICO, A. Organizations: Tennessee, rival’s College Locations: David Ubben KNOXVILLE, Tenn, —, Alabama, , Tennessee, Tennessee, 7 y

☆ 4 ways Brian Niccol can use his Chipotle playbook to reinvigorate Starbucks
▼ + stars: | 2024-10-19 | by ( Paulina Likos | ) www.cnbc.com time to read: +15 min

At Starbucks, Niccol inherits a company that under previous leadership consistently disappointed investors with weakening sales, including back-to-back periods of negative same-store sales growth this year. Operations Upon taking over Chipotle, Niccol's focus was on improving operations after the rise of digital orders complicated execution and increased wait times. The addition of shelves alone accelerated the use of Chipotle's second "make line," where digital orders are prepared in the back of the store. To rebuild consumer trust at Chipotle, Chipotle launched the "Behind the Foil" campaign to showcase transparency in food preparation. His marketing approach "brought new news in a positive way toward Chipotle," Silberman said.

Persons: Brian Niccol's, Brian Niccol, Jim Cramer, Laxman Narasimhan, Niccol, Chipotle, Howard Schultz, Narasimhan, Schultz, Jefferies, Andy Barish, Barish, Lauren Silberman, Silberman, Rachel Ruggeri, there's, It's, Carne Asada, Queso Blanco, Chipotle's, Deutsche Bank's Silberman, hasn't, Tressie Lieberman, Lieberman, Jim Cramer's, Jim, Adam Jeffery Organizations: Starbucks, CNBC, Street, North America, Deutsche Bank ., Deutsche, Taco, Yum Brands, Yahoo, LinkedIn, Starbucks Workers Locations: Chipotle, Niccol, China, U.S, Denver, Michigan, Maine

☆ Georgia knocks off No. 1 Texas: Bulldogs back in SEC race; Quinn Ewers’ struggles loom large
▼ + stars: | 2024-10-19 | by ( The Athletic College Football | ) www.nytimes.com time to read: +10 min

As the garbage came down, Texas coach Steve Sarkisian and then other members of the Texas team walked to the corner of the end zone waving their hands and asking students to stop. They were unable to go sideline-to-sideline or downhill as Georgia met Texas with force every step of the way. The second half got dicey, with Georgia giving up two touchdowns on relatively short fields, one after the controversial interception/overturned pass interference, the other after Georgia for some reason squib-kicked the second half kickoff. In the second half, Ewers returned and led a touchdown drive to open the third quarter. Mykel Williams forced a second Ewers fumble with 10:23 left in the game, thwarting a Texas drive in Georgia territory.

Persons: Sam Khan Jr, Chris Vannini, Seth Emerson, —, Quinn Ewers, Arch, There’s, Ole, Georgia’s, — Seth Emerson, Jahdae Barron, Carson Beck, Barron, Darrell K, Steve Sarkisian, “, Kirby Smart, Katie George, “ Nobody, I’m, — Sam Khan Jr, Jalon Walker —, Daylen Everette, Beck, Arian Smith, Oscar Delp, — Emerson, tersely, Arch Manning, Manning, Texas ’, Ewers, ” Sarkisian, Quinn, ‘, let’s, ”, Mykel Williams, can’t, we’ve, Everybody’s, — Khan, Tim Warner Organizations: SEC, College, Bulldogs, Longhorn, Alabama, Kentucky, Mississippi State, Ole Miss, Texas, Tennessee, College Football, Clemson, Georgia, Darrell K Royal, Longhorns, Longhorns ’ College, Oklahoma, Texas ’, Credit Georgia, Getty Locations: Georgia, Texas, Arch Manning, Alabama, Auburn, Tennessee, Florida, , Texas, “, Ewers

☆ The under-the-radar bull case for bitcoin that's got nothing to do with the election or the Fed
▼ + stars: | 2024-10-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Bitcoin that's lost either when an investor dies or is simply locked out of their wallet reduces available supply. Estate planning is crucial for bitcoin investors who store the coin on a cold wallet, experts say. Satoshi Nakamoto being deceased would potentially soothe a big fear that's loomed over the bitcoin market for years, which is that the person could sell their estimated 1 million bitcoin. If no one has your private key, the funds will be locked permanently," Wealthica CEO Eric Lemieux told Business Insider. Otherwise, more lost bitcoin could mean even higher prices for the crypto.

Persons: Bitcoin that's, —, Donald Trump, Satoshi Nakamoto, Len Sassaman, Satoshi, Sean Farrell, Farrell, That's, bitcoin, Eric Lemieux, Lemieux Organizations: Service, HBO, Yorker Locations: American, Wales

☆ A historically Black community grapples with lasting impacts after Baltimore bridge collapse
▼ + stars: | 2024-10-18 | by ( The Associated Press | ) www.nbcnews.com time to read: +12 min

For their working-class, historically Black neighborhood, it was a lifeline to the outside world, a source of both pride and convenience. She doesn’t want to leave Turner Station, where her grandparents put down roots many decades ago. The federal government provided nearby housing only for white workers, so Black families started their own community in nearby Turner Station. He said Turner Station residents have expressed concern about potential damage to buildings from the seismic impact of the collapse. Meanwhile, Turner Station residents will be doing what they’ve done for generations: coming together and fighting for their community.

Persons: Baltimore’s Francis Scott Key, Minor, she’s, ruefully, ”, Courtney Speed, shouldn’t, “ We’ve, Turner, Speed’s Barber, “, ” Henrietta, Johns Hopkins, Robert Curbeam, Kweisi Mfume, Calvin Hill, “ It’s, Mfume, he’s, ” Mfume, Marquis Neal, Linwood Jackson, Jackson, ” Vernon Banks, There’s Gloria Nelson, there’s, Rashad Singletary, ” Singletary, God, He’s, nodded Organizations: Turner, Black steelworkers Turner, Black steelworkers, Bethlehem Steel, Turner Station, NASA, . Rep, NAACP, NFL, Democrat, ” Residents, football, Mount, Mount Olive Baptist Church Locations: Black, Turner, Baltimore’s, Baltimore, Southern, Congress, Baltimore County, Vietnam, Bethlehem, Avondale, Mount Olive

Nearly all of those jurisdictions provide multiple vote reports (updates to the vote count) on election night and in the following days. In the November 2020 election, NBC News received over 88,000 updates to its vote totals across 542 different races. ET that night, NBC News received just over four updates per second, on average. Since 2018, the NEP has received vote count data from Edison Research, a firm that specializes in collecting election data. What makes election results in this country trustworthy, however, are the countless fail-safes that detect and correct such mistakes.

Persons: Edison, ” Organizations: NBC News, NBC, ABC News, CBS News, CNN, Edison Research Locations: Washington, New England, Clark County , Nevada, Las Vegas, Maricopa County , Arizona, Phoenix, Milwaukee County, Wisconsin

☆ A deadly detour: Migrant deaths spike outside El Paso
▼ + stars: | 2024-10-18 | by ( David Noriega | David Noriega Is An Nbc News Correspondent Based In Los Angeles. | ) www.nbcnews.com time to read: +3 min

SUNLAND PARK, N.M. — In each of the last two summers, Laura Mae Williams, who recovers bodies for the New Mexico Medical Investigator’s Office, has had to visit the U.S.-Mexico borderlands multiple times a week. The Medical Investigator’s Office, part of the University of New Mexico Health System, used to recover only a handful of bodies a year. First responders, elected officials and advocates in New Mexico attribute the spike in deaths largely to Texas Gov. Officials, including the New Mexico Medical Investigator’s Office, also blame smugglers for the deaths, noting that in many cases they abandon people who fall behind — but only after they take their phones. “It raises an important question,” said Dr. Heather Jarrell, the chief medical examiner at the Medical Investigator’s Office, whose office marks the deaths as accidental.

Persons: Laura Mae Williams, ” Williams, Greg Abbott’s, Andrew Mahaleris, ” Mahaleris, ”, Heather Jarrell Organizations: —, New, New Mexico Medical Investigator’s Office, Patrol, Office, University of New, University of New Mexico Health, Texas Gov, Lone Star, NBC News, Medical Locations: SUNLAND, N.M, New Mexico, U.S, Mexico, El Paso , Texas, University of New Mexico, Arizona, El Paso ., El, Texas, —

☆ S&P 500 eyes another record close — plus, our 2 health-care stocks that defied the group
▼ + stars: | 2024-10-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Markets: The S & P 500 is on pace for another record close and its sixth straight positive week. Financials also continued their strong run this week thanks to strong earnings from banks such as Club holding Morgan Stanley and other financial services companies. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, hasn't, Financials, Morgan Stanley, Danaher, we'll, Jim Cramer's, Jim Organizations: CNBC, ., ASML Holdings, Taiwan Semiconductor Manufacturing Company, Nvidia, bellwether, Abbott Laboratories, UBS, Mizuho, . Energy, Texas, OPEC, International Energy Agency, Coterra Energy, Dow Jones, Dover, Honeywell, Jim Cramer's Charitable

☆ King Charles visits Australia as the country puts its republic debate on hold
▼ + stars: | 2024-10-18 | by ( Hilary Whiteman | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +8 min

Lesley Kerl met King Charles in Sydney during his last trip to Australia in April 2018. Pool via Nine NewsAfter Australia, King Charles will head to Samoa to join world leaders at the biennial Commonwealth Heads of Government Meeting (CHOGM), his first as head of the organization. “We’d love to wave goodbye to royal reign,” Nathan Hansford, co-chair of the Australian Republic Movement, told Reuters. The Australian Republic Movement launched a "farewell Oz tour" for King Charles ahead of his visit. He seems to have put that on hold to come out to Australia, as part of the Commonwealth,” McArthur said.

Persons: Australia CNN —, Charles, Camilla, Lesley Kerl, Kerl, King, “, ”, King Charles, there’ll, –, ” Nathan Hansford, Bev McArthur, ” McArthur, She’s, McArthur, Anthony Albanese, lauding, Queen Elizabeth II, Duke, Edinburgh, George Gross, Charles III, Thibaud Moritz, They’ll, Albanese –, Georgina Long, Richard Scolyer –, They’re, Scolyer, King George VI, I’ve, Anne Organizations: CNN’s Royal, Australia CNN, Government, Republicans, Australian Republic Movement, Reuters, The Australian Republic Movement, Commonwealth, Aboriginal, Torres Strait, Sports, Fox, King’s College London, Getty, Canberra, Australian, Torres, Opera, New Locations: Brisbane, Australia, Sydney, Commonwealth, Samoa, Windsor, Normandy, “, Germany, France, Kenya, United Kingdom, New Zealand, Charles, Torres Strait, New South Wales

☆ 'Joker: Folie a Deux' is this year's latest box office flop. Here's what else has disappointed
▼ + stars: | 2024-10-18 | by ( Sarah Whitten | ) www.cnbc.com time to read: +11 min

And it's not the only blockbuster-budgeted film to disappoint at the box office this year. "A combination of hits and flops are a hallmark of every box office year," said Paul Dergarabedian, senior media analyst at Comscore. But for more traditional media companies, that have long traded off their successes at the box office, shareholders still want to see a big theatrical return on investment. UniversalEstimated production budget: $80 million$80 million Global box office: $100 million$100 million Release date: Feb. 14, 2024 Sony's Spider-Man universe films have been hit-or-miss at the box office for years. However, despite solid reviews — a 90% "Fresh" rating on Rotten Tomatoes — the film failed to explode at the box office.

Persons: Joaquin Phoenix, Arthur Fleck, It's, Todd Phillips, it's, Paul Dergarabedian, Shawn Robbins, Robbins, Arthur Fleck's, Lady Gaga, Harley Quinn, Eli Roth's, Cate Blanchett, Kevin Hart, Jack Black, Jamie Lee Curtis, Ariana Greenblatt, Blanchett, — Bryce Dallas Howard, Sam Rockwell, Henry Cavill, John Cena, Samuel L, Jackson, Howard, Elly Conway, Guy, Ryan Gosling, Barbie, Emily Blunt, Oppenheimer, Colt, Jody Moreno's, Blunt, Cassandra Webb, Max, George Miller, Chris Hemsworth, Francis Ford Coppola, Cesar Catilina, Adam Driver, — Adam Driver, Dustin Hoffman, Giancarlo Esposito, Laurence Fishburne, Jon Voight, Coppola Organizations: Warner Bros, Universal, Lionsgate, Sony, Hollywood, Netflix, Apple, Arkham State Hospital, Audiences, Rotten, Fury Locations: Lionsgate's, Dua Lipa, New York City, Australia, York City, New Rome

☆ Cramer's week ahead: Earnings from Boeing, Tesla, IBM and T-Mobile
▼ + stars: | 2024-10-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

With Wall Street rolling into the thick of earnings season, CNBC's Jim Cramer on Friday told investors what market-moving action to keep an eye on next week, including reports from Boeing , Tesla , IBM and T-Mobile . On Tuesday, a slew of big names will report, including General Motors , Danaher , RTX and GE Aerospace . Cramer said the automaker could be a bargain, even as many on Wall Street are pessimistic about its earnings. IBM , Tesla , Lam Research and T-Mobile will report after close. Friday brings earnings from Colgate-Palmolive , and Cramer said he thinks Wall Street will love the stock but that such fondness is "way overdone."

Persons: CNBC's Jim Cramer, Cramer, Clark, Vertiv's, Elon Musk, Lam, Decker Organizations: Boeing, Tesla, IBM, Mobile, SAP, General Motors, GE Aerospace, Texas Instruments, Texas, Lam Research, Southwest Airlines, Honeywell, UPS, Carrier, Colgate, Palmolive Locations: Norfolk Southern

☆ 2025 could bring a wave of healthcare IPOs. Here's what startups should know, according to a top banker.
▼ + stars: | 2024-10-18 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +8 min

The healthcare market looks nearly ready for the next wave of IPOs. But the next wave of public healthcare companies looks to be on the horizon. At least two healthcare companies are considering public-market debuts in the not-so-distant future. SVB SecuritiesI spoke with him about what the next wave of healthcare IPOs could bring — and which healthcare startups are in the best position to test the public markets. What models do you expect the healthcare market to favor in this next round of IPOs?

Persons: Jon Swope, —, It's, Health confidentially, haven't, there's, Waystar, healthtech Organizations: Barclays, Service, Health, healthtech, SVB Securities, Accolade, Healthcare, Walmart, Big Tech Locations: IPOs, healthtech, Waystar

☆ One of Russia's biggest automakers said it's struggling under Western sanctions after frontline complaints that its vehicles are falling apart
▼ + stars: | 2024-10-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Russian automaker Sollers is under fire over reports that its cars are breaking down along the war front. In response on Thursday, Sollers blamed Western sanctions for forcing it to switch suppliers quickly. AdvertisementA Russian contractor providing SUVs and pick-up trucks to Moscow's troops blamed Western sanctions on Thursday amid criticism that its vehicles were arriving in poor condition. The Russian automaker's recent blaming of Western sanctions is a reversal of its statements in September 2023, when it dismissed being blacklisted by the US Treasury Department. Sollers had told Russian media it did not foresee a significant impact as it already restructured its supply chain to prepare for the restrictions.

Persons: Sollers, —, UAZ, Dmitry Rogozin, Rogozin, he's, He's, Gazeta.RU Organizations: Service, Ulyanovsk Automobile Plant, NATO, Telegram, Business, Ford Motor Company, Mazda, US Treasury Department, European Union Locations: Russian, Ulyanovsk, Moscow, Ukraine, Roscosmos, Michigan, Russia, Vladivostok, Sollers

☆ CVS names new CEO in the wake of layoffs and poor stock performance
▼ + stars: | 2024-10-18 | by ( Erika Tulfo | ) edition.cnn.com time to read: +3 min

CNN —America’s largest drug store chain named a new chief executive officer on Friday, with longtime CVS Health executive David Joyner replacing Karen Lynch. In August, rising costs at CVS’ insurance arm Aetna cut into profits, leading to the ousting of then-president Brian Kane. Charles Krupa/AP/FileLower reimbursement rates for prescription drugs have hit retail pharmacies, including Walgreens and Rite-Aid, resulting in flagging profits and forcing drug stores to shutter locations and cut jobs. Meanwhile, rival chain Walgreens is closing 1,200 stores as it faces competition from online pharmacies and larger retailers — another challenge facing drug stores. Our results need to show that more consistently,” a CVS Health spokesperson told CNN in a statement.

Persons: CNN —, David Joyner, Karen Lynch, Brian Kane, Lynch, ” Julie Utterback, Charles Krupa, Joyner, David, Roger Farah Organizations: CNN, CVS Health, CVS, Aetna, Federal Trade Commission, Morningstar, Boston College's, Club, Walgreens, Rite, ” Locations: Boston

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