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Disney's Bob Iger escalated the conflict between the company and Florida's Ron DeSantis on Wednesday. It's the latest move in a feud that began last year over Florida's "Don't Say Gay" bill. Buckle up for a roller coaster ride, because the feud between Disney's CEO Bob Iger and Florida's Ron DeSantis just got bumpier. This is the latest — and most drastic — move in the clash between DeSantis and Iger, who inherited the battle with Disney from his predecessor Bob Chapek. Spokespeople for both Disney and DeSantis declined to give any additional comment.
Here is a list of declared candidates and other potential 2024 hopefuls in both the Democratic and Republican parties. Scott, 57, has launched a presidential exploratory committee but not yet confirmed he plans to run. The former Kansas congressman was one of Trump's most loyal lieutenants and initially backed his false claims of a stolen presidential election in 2020. She ran as a Democrat in the 2020 presidential primary but dropped out of the race before any votes had been cast. She launched her latest campaign on March 23, saying she wants to challenge Biden in the Democratic nominating race.
Former GOP Rep. Will Hurd, a Trump critic, is considering running for president in 2024. He says he won't support Trump in 2024 and suggested DeSantis will struggle to appeal to voters. the former Texas congressman told Insider in an interview before his address to the Iowa Faith and Freedom Coalition's Annual Spring Kick-off. "We have four years," he told Insider, "before we could potentially get surpassed by the Chinese government as a global superpower." On abortion, Hurd told Insider it "probably makes sense" to institute a nationwide ban after 15 weeks, with exceptions for rape, incest, and the life of the mother.
Chris Christie, who's mulling a 2024 presidential bid, said candidates must be willing to call out Trump. "Nobody knows Donald Trump better than I do," he told Politico as he sized up Trump's vulnerabilities. Chris Christie is still mulling a 2024 presidential bid, but he believes that he can publicly call out former President Donald Trump's political liabilities better than anyone else, per a Politico interview. "Nobody knows Donald Trump better than I do," he continued. "If you think you're a better person to be president than Donald Trump, then you better make that case."
In describing a potential Trump second term, Christie said "the reruns will be worse than the original show." Chris Christie of New Jersey is testing the presidential waters once again — and he's focusing his fire at onetime political ally former President Donald Trump. During a swing in critical New Hampshire, Christie warned Republican voters against renominating Trump in 2024. "Donald Trump is a TV star. "I don't think that anybody is going to beat Donald Trump by sidling up to him, playing footsie with him and pretending that you're almost like him," he continued.
PoliticsBiden mulling launching re-election bid on Tuesday - sourcesPostedU.S. President Joe Biden may announce his re-election campaign by video as soon as Tuesday, two people familiar with the matter said on Thursday, setting the stage for a possible rematch with his Republican predecessor Donald Trump. Ryan Chang reports.
LONDON, April 20 (Reuters) - British transport company FirstGroup (FGP.L) and infrastructure fund I Squared are weighing competing bids for parts of Deutsche Bahn's international transport business Arriva, according to a number of people familiar with the matter. The British transport company may also consider partnering with another bidder for the UK operations, the two added. Arriva, Deutsche Bahn, FirstGroup and I Squared declined to comment. A Bloomberg report in January suggested Arriva may now fetch as much as 2 billion euros. Binding offers for Arriva are expected in the next couple of months, two of the sources said.
Legendary Female Artists on the Younger Women Who Inspire Them
  + stars: | 2023-04-20 | by ( ) www.nytimes.com   time to read: +20 min
The Artist’s Mind What it feels like for female artists to wrestle with ambition, ego, ambivalence and inheritance. That isolation has, historically, been especially true for women artists, some of the most celebrated of whom have seen “writer” or “painter” or “filmmaker” treated as a secondary part of their identity. For this issue, we asked legendary female artists to tell us about a younger woman whose work excites them and gives them hope. But for the current generation of women artists, who have come of age with models who more closely resemble them, identity seems more like a source of community than a trap. Women artists, born into a Babylon of exclusion and possibility, reveal that creative inheritance is as promiscuous as legal inheritance is strict.
Here is a list of major declared candidates and other potential 2024 hopefuls in both the Democratic and Republican parties. Political analysts say there is little benefit to him jumping into the race too soon, with the election still 19 months away. In the meantime, he can continue to look presidential, although he still has poor approval ratings in opinion surveys. The former Kansas congressman was one of Trump's most loyal lieutenants and initially backed his false claims of a stolen presidential election in 2020. Several of his key staff, though, have recently joined the DeSantis camp, however, suggesting that Youngkin, is not going to run in 2024.
In more than 50 executive actions, Biden is asking nearly every federal agency to expand care options without new spending. "And folks, care workers deserve to make a decent living and that's a fight I'm willing to have." The White House faces steep opposition to many of the social-spending proposals in the Republican-controlled House. Even before the pandemic in 2019, 76% of parents reported struggling to access affordable, dependable care, the White House said. The White House has long maintained that Biden's social-policy agenda is highly popular with the American public despite conservative gripes over costs.
WASHINGTON, April 17 (Reuters) - Republican U.S. House Speaker Kevin McCarthy plans to make his case for cuts in federal spending to accompany a lifting of the government's $31.4 trillion debt ceiling in a speech at the New York Stock Exchange on Monday. McCarthy leads a fractious caucus that holds a narrow 222-213 majority, including a sizeable contingent of hardline members who want sharp spending cuts and dismiss the risks of failure to act on the debt ceiling. LIST OF OPTIONSRepublicans have been discussing spending cuts for programs ranging from homeland security and law enforcement to health, education and environmental initiatives. House Republicans are also mulling reforms to the debt ceiling, which has utterly failed at its intended purpose of restraining U.S. budget deficits. House Republicans now say they are looking at indexing the limit to gross domestic product.
But it serves to highlight the importance of one of the most inaccessible parts of southeast Asia to the global tin supply chain. Imports from Myanmar grew from 30,000 tonnes in 2012 to 89,000 tonnes in 2013 and mushroomed to almost 500,000 tonnes in 2016. CHINESE DEPENDENCEThe Myanmar tin boom occurred at the right time for China's tin smelters, many of which were struggling to bring on new mining capacity as Beijing steadily tightened environmental controls on the mining sector. However, the threat alone underscores the fragility of tin supply at a time when Indonesia, the largest exporter of the metal in refined form, is mulling an export ban to stimulate the build-out of downstream processing capacity. This is probably not going to be the last time tin gets spooked by unexpected news from Myanmar.
AWS CEO Andy Jassy, who is set to become Amazon CEO, helped oversee the cloud unit's rise. Amazon CEO Andy Jassy's total compensation plunged last year to $1.3 million. It may still seem like a lot of money, but in 2021, Jassy's total pay was over $200 million. Also, keep in mind that Jassy's base salary in 2022 was $317,500, an 80% leap from $175,000 in 2021. Musk's reign of chaos at Twitter may have saved it from collapse, but there's a long way to go.
Romania aims to buy F-35 fighter planes to boost air defences
  + stars: | 2023-04-11 | by ( ) www.reuters.com   time to read: +1 min
BUCHAREST, April 11 (Reuters) - Romania aims to buy the latest generation U.S. F-35 fighter planes to boost its air defences, the country's supreme defence council (CSAT) said in a statement on Tuesday. The European Union and NATO state has raised defence spending to 2.5% of gross domestic product this year from 2%, in response to Russia's invasion of Ukraine. Last year, President Klaus Iohannis said Romania was mulling acquiring F-35 planes, which are made by U.S. weapons maker Lockheed Martin Corp (LMT.N). In March, the defense ministry said Romania would buy Abrams tanks made by General Dynamics (GD.N), as part of wider defence acquisitions plans. In December, Romania's defence ministry signed a deal to acquire seven Watchkeeper X unmanned aircraft systems from Israeli defence electronics firm Elbit Systems (ESLT.TA) for roughly 1.89 billion lei ($418.02 million).
Dominion Energy, National Grid pursuing pipeline sales - WSJ
  + stars: | 2023-04-06 | by ( ) www.reuters.com   time to read: +1 min
April 6 (Reuters) - Utility firms Dominion Energy (D.N) and National Grid Plc (NG.L) are separately considering a potential sale of parts of their natural gas pipeline networks, the Wall Street Journal reported on Thursday, citing people familiar with the matter. National Grid on the other hand is exploring a possible sale of part of its pipeline network serving the Northeastern U.S. Eliminating natural gas appliances would mean transitioning to electric equipment such as heat pumps. Dominion and National Grid's shares on the New York Stock Exchange were trading 0.4% and 1% higher, respectively. Dominion and National Grid declined to comment when contacted by Reuters.
US stocks were mixed on Wednesday as traders digested weak jobs data. The Nasdaq Composite fell 1% as traders retreated on recession fears. Traders were mulling ADP private payroll data, which showed that US companies added fewer jobs than expected. Data showed private payrolls increased by 145,000 last month, far below estimates of 210,000. In a note to clients on Wednesday, UBS Global Wealth Management's investment chief, Mark Haefele, said recession risks have increased.
Humanity has decided it can say 'no' to AI
  + stars: | 2023-04-01 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +4 min
The latest development in AI: humanity has decided it can say "no." Elon Musk was one of more than 1,000 people to sign an open letter calling for a six-month pause on advanced AI development. The letter cited several potential risks to humanity and society, including the spread of misinformation and automation of jobs. Bosses have forgotten how to say "good job" — and it's driving employees to quit. Big Tech's big downgrade.
Trump and his aides were surprised by the timing of his indictment, the NYT's Maggie Haberman reports. Some advisors previously believed the decision wouldn't come until late next month. Trump and some advisors are currently mulling over next steps at Mar-a-Lago. Some advisors had been confident that the vote wouldn't come until the end of April. Trump is the first former US president to be charged with a crime, although it's currently unclear what Trump has been charged with.
"Welcome to the most bipartisan committee in Congress," boomed Rep. Rep. Greg Pence, R-Ind., noted this was the 32nd hearing Congress has held on privacy and Big Tech. A ban or forced sale of the app, which some members think is the only way to solve the immediate risks, is another matter. The Committee on Foreign Investment in the U.S. (CFIUS) is reviewing ByteDance's acquisition of TikTok's predecessor app, Musical.ly. Or, the government could find other ways to try to ban the app.
Its offshore debt restructuring, the country's biggest such exercise, is aimed at saving it from a disorderly collapse. The developer has $22.7 billion of offshore debt, all of which is deemed to be in default. A dollar bondholder, who was not authorised to speak to media, likened the debt restructuring plan to lending a bucket of rice to someone and being repaid with two grains a year. Evergrande said on Wednesday that additional financing of 250 billion yuan ($36.65 billion) to 300 billion yuan would be required as it resumes operations over the next three years. If Evergrande fails to push ahead with restructuring plan, the developer may have to face liquidation proceedings filed by an investor in one of its units in a Hong Kong court.
Club holdings Apple (AAPL) Ford Motor (F) and Estee Lauder (EL) were in the news Thursday. Apple has primarily released its content directly on Apple TV+, with some projects getting limited runs in a handful of cinemas. The Club's take: We welcome Apple making smart, strategic investments that make Apple TV+ a more valuable streaming service to potential subscribers. Estee Lauder EL YTD mountain Estee Lauder stock performance year-to-date. The news: Citi outlined its bull and bear cases for Club holding Estee Lauder in a research note Thursday.
UBS agreed to buy its longtime rival Credit Suisse for $3 billion on Sunday. There's one big winner — and lots of losers — from the Credit Suisse rescue deal. The deal announced Sunday afternoon valued Credit Suisse shares at just 0.76 Swiss francs, one-fifth of the price the Saudi National Bank paid. Lastly, the merger between UBS and Credit Suisse could be bad news for the Fed. Here's how the Credit Suisse rescue deal impacts the central bank.
Meta and Amazon have announced two series of mass layoffs in the span of months. After years of companies trying to attract and placate workers amid a labor shortage, businesses are reasserting some of their power. "We read about two rounds of layoffs now and shrug and say, 'When's the third?'" Drew Angerer/Getty ImagesIt's rare for a company to conduct multiple rounds of layoffs, according to data from Crunchbase. Amazon and Meta did it, so it won't stand out as much."
FDIC to break up SVB, seeks separate sale of private unit
  + stars: | 2023-03-20 | by ( ) www.reuters.com   time to read: +2 min
March 20 (Reuters) - The Federal Deposit Insurance Corporation on Monday decided to break up Silicon Valley Bank (SVB) and hold two separate auctions for its traditional deposits unit and its private bank after failing to find a buyer for the failed lender last week. It will seek bids for Silicon Valley Private Bank until March 22 and for the bridge bank until March 24. The private bank, which is housed within SVB's retail operations, caters to high net-worth individuals. Last week, sources told Reuters that the FDIC was planning to relaunch the sale process for SVB, with the regulator seeking a potential break-up of the failed lender. The parent company of the lender SVB Financial Group had on Friday filed for a reorganization under Chapter 11 bankruptcy protection and sought buyers for its assets after steps to shore up investor confidence failed.
WASHINGTON, March 20 (Reuters) - The U.S. Supreme Court should dismiss a major case from North Carolina that could give more power over federal elections to state politicians because the matter is being reconsidered by a lower court, North Carolina said in a filing on Monday, while the Republican lawmakers at the center of the dispute disagreed. The case began as a legal fight over a map drawn by Republican state legislators of North Carolina's 14 U.S. House of Representatives districts - one that a lower court blocked as unlawfully disadvantageous for Democrats. The justices should "dismiss this case for lack of jurisdiction" given that the "decisions on review are nonfinal," the state said. The Republican lawmakers had urged the U.S. Supreme Court to embrace a once-marginal legal theory now embraced by many conservatives that would remove any role of state courts and state constitutions in regulating presidential and congressional elections. Since its decision invalidating the map, the state court has undergone a change in its ideological makeup.
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