FOX's Ashley Dvorkin chats with Lewis Tan and Mehcad Brooks about what to expect from the highly-anticipated film
FOX's Ashley Dvorkin chats with Lewis Tan and Mehcad Brooks about what to expect from the highly-anticipated film
The head of the World Health Organization says the US backing of a proposed waiver of intellectual property rights for COVID vaccines is a "monumental moment" in the fight against the virus. The move could significantly boost vaccine production around the world by lifting patents, copyrights and protections for industrial design and confidential information. WHO's director-general, Tedros Adhanom Ghebreyesus, has repeatedly urged countries to support the proposal, which was initially brought to the World Trade Organisation by India and South Africa.
Accounting firm KPMG told its 16,000 UK staff on Wednesday that they will work in the office for up to four days in a fortnight starting next month under a hybrid working model drawn up after the recent decline in COVID-19 cases in the country. "As part of the firm's new hybrid way of working, from June onwards, the expectation will be that KPMG's people spend up to four days in the office spread over a fortnight, with the rest spent at home or at client sites," KPMG spokeswoman Zoe Sheppard said in an emailed statement. KPMG UK head Bill Michael resigned in February after reports that he told staff to "stop moaning" about the impact of COVID-19 on their lives.
Experience Investment Corp. (NASDAQ: EXPC) today announced that its stockholders approved all proposals related to the previously announced business combination (the "Business Combination") with Blade Urban Air Mobility, Inc. ("Blade") at a special meeting of stockholders held today. A Form 8-K disclosing the full voting results is expected to be filed with the Securities and Exchange Commission.
Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body aircraft leasing, contracted air transportation and related services, today reported consolidated financial results for the quarter ended March 31, 2021.
A judge in Mexico ordered drug lord Hector “El Güero” Palma held for 40 more days in non-prison custody pending investigation Wednesday, staving off at least temporarily what would have been international embarrassment had he walked free. The attorney general’s office said the judge had granted an order to hold Palma at a prosecutors' detention facility while he is investigated on drug and organized crime charges. Mexico has a poor track record in winning organized-crime convictions, and Palma was already acquitted last week on one such count.
(Bloomberg) -- Actress Jessica Alba cemented her claim to one of the most lucrative side gigs in Hollywood after shares of her beauty business, the Honest Co., soared 44% in its market debut.The “clean” beauty- and baby-products maker’s stock closed at $23 Wednesday after it priced the shares at $16 in its initial public offering. Alba’s roughly 5% stake is valued at $98 million, according to the Bloomberg Billionaires Index. She also has exercisable options valued at about $24 million.Read more: Alba’s Honest Co. Set for Opening Bell After $413 Million IPO“I feel like I’m in a dream, to be honest. Wow. Is this really happening?” Alba said in an interview with Bloomberg TV. “I’m so grateful to our very loyal community. Thank you for bringing us into your home. Thank you for trusting us with you most precious people, your little people.”Alba, 40, founded the business in 2011, motivated by the dearth of baby products that were free of harsh chemicals. The carbon-neutral company makes diapers, wipes, shampoo and lotions it bills as “clean and natural,” and targets a customer base of parents who are eco-conscious, aspirational and relatively affluent. Honest Co. had revenue of about $301 million in 2020, a 28% jump from a year earlier, and an operating loss of $13.5 million.The Los Angeles-based company is now valued at almost $2.1 billion, or $2.45 billion when fully diluted to include employee stock options and restricted stock units. That’s significantly more than its $860 million implied valuation in a 2017 funding round, according to Pitchbook. Honest has been dogged in the past by product recalls and controversy over its claims to use only natural ingredients. Prior to those issues, it was valued at $1.7 billion in a 2015 funding round.Rare ExampleThe IPO marks an almost 260% return for L Catterton, the private equity firm backed by billionaire Bernard Arnault that invested $200 million in 2018. The company sold about half its stake in the offering.The actress is a rare example of someone successfully bridging a career between Hollywood and Wall Street. While many celebrities strike licensing deals for fashion lines or products such as perfume or vodka, few have gone on to found publicly traded companies.Alba, whose official title is chief creative officer, continues to work as an actor, most recently starring in the crime television series, “L.A.’s Finest.”“I was born into a hardworking Mexican-American family. My parents worked multiple jobs, doing whatever it took to get by,” Alba wrote in a letter included in the company’s prospectus, describing a childhood marked by poor health and hospital stays. “By the time I was ten, I became aware of how wellness can define your whole life. That’s never left me.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Facebook/Joe MountA Washington State man is facing federal charges for allegedly organizing a largely unmasked, non-socially-distanced, 153-person hike across the Grand Canyon that not only violated COVID-19 restrictions but normal group size limits, too.Joseph Don Mount, who until recently was the chief operating officer at a Chehalis, Washington medical clinic, is also accused of lying to National Park Service officials about his plans, which included having two buses and three vans transport attendees to and from the October 2020 event, according to a criminal complaint made public on May 5 in Arizona federal court. An administrator at the Steck Clinic confirmed that Mount no longer works there.To minimize environmental impact, rim-to-rim hikes such as the one Mount is accused of carrying out have been strictly limited to groups of 30 or fewer since 2014. In an effort to stem the COVID pandemic, rim-to-rim hikes have since been limited to 11 people. Mount suggested everyone on the trip bring walkie-talkies to coordinate so they would avoid being seen in a big group, Park Ranger Timothy Hopp said in an affidavit attached to the complaint.Mount, 34, now faces five misdemeanor counts: Knowingly giving a false or fictitious report; intentionally interfering with a government employee while engaged in official duties; soliciting business in a park area without a permit; violating the normal group size limit; and violating COVID-19 mitigation group size limits.Mount said he was unaware of the charges until The Daily Beast contacted him for comment on Wednesday.“I had no idea about this,” he said, explaining that he, along with others who were on the group hike, “live and breathe the outdoors.”“With COVID and everything, people were just itching to get out,” Mount continued. “I didn't do it for profit. People had already bought plane tickets and made plans, I’d say about a third to half were single parents, and had arranged childcare.”Mount pushed back against allegations that he was violating park policy or federal law, claiming that anything he did with a group of more than 10 took place outside the park.https://www.facebook.com/photo.php?fbid=10224967224154176&set=pb.1423503533.-2207520000..&type=3Park rangers became aware of Mount’s plan about a month prior, according to court filings. A concerned citizen emailed the Grand Canyon permits office “to complain about a 100+ person rim-to-rim hiking group” scheduled to begin traversing the canyon on Oct. 24. The person sent screenshots from a Facebook group containing details of the plan by Mount, who was charging $95 a head for the trip.One of the posts read: “112 COMMITTED HIKERS COMING FROM 12 DIFFERENT STATES!!!” according to the complaint. “[I]f you want to keep inviting friends, I am determined to make this work for as many who want to go!”In another post, Mount, a former Eagle Scout, allegedly advised a participant to take “precautions...so as to not draw attention to such a large group while on the trail. A natural spread might be best. Will research this more and present details/meet ups/hiking plans in posts to follow over the coming weeks.”Mount had been in contact with the Park Service about obtaining a permit, and was told “multiple times about the group size limit,” the complaint says. But, it continues, Mount “continued to defy park regulations,” and continued to “plan, manage, lead and recruit participants for the rim-to-rim hiking event.”In Mount’s retelling, he thought he was in compliance by splitting up into groups of less than 10 and simply giving everyone a ride back when they were done.“I had a couple of cousins I hiked with, I saw people on the trail that I knew, but I had my group of 10 or less, left the park, and drove back to my accomodations on the north side,” Mount told The Daily Beast.A couple of weeks later, a federal park ranger managed to gain access to the hike’s Facebook group, where Mount was posting updates. Alarmed that the hike—which had 170 registered participants by that point—still appeared to be going forward as planned, another ranger contacted Mount to remind him of the size restrictions. Mount insisted to the ranger that he only intended to take a “small group” of close rugby associates and family friends along, the complaint states.https://www.facebook.com/photo.php?fbid=10224967164832693&set=pb.1423503533.-2207520000..&type=3The next day, Mount allegedly posted a message in the Facebook group, titled: “IMPORTANT ANNOUNCEMENT.” He said he had received a “call from Ranger Hopp,” who “instructed that R2R group sizes are to be 11 people or less.” Mount said he would have to keep a low profile in the weeks leading up to the trip, and appeared to lay out a plan, with a wink and a nod, to subvert the rules, according to the filing.“As you could imagine, a park official telling me I can’t hike the R2R with more than 11 people isn’t going to prevent me from doing one of the greatest hikes in [sic] the planet,” he continued. “Remember—there is nothing stopping you from hiking the Grand Canyon on this day. There is nothing stopping you from doing a little research to be best prepared. However, there is now a target on my back and this is the best way I know how to still hike R2R and not be tied to any of you.”Mount suggested everyone avoid being seen with more than 10 others, and recommended they carry walkie-talkies “as part of YOUR OWN individual hiking group” to coordinate, the complaint says. “I will not be providing these because again—it ties me to you WHILE IN THE CANYON.”A subsequent Facebook post by Mount to the group said, “153. Final list. Check it,” says the complaint, which claims Mount posted a series of “MUST BRING ITEMS” including headlamps, hiking shoes, and a “positive, ‘can do, will do’ attitude.” They would be sleeping in cabins while there, and Mount told the participants, “Check in through me, not the front desk.”https://www.facebook.com/photo.php?fbid=10224967173952921&set=pb.1423503533.-2207520000..&type=3On the first day of the hike, Hopp, the park ranger who had been in touch with Mount, observed roughly 50 people mingling at a trailhead water station, according to court filings.“A few people told [me] that they were with the ‘Mount group’ and that they were expecting to be picked up by a passenger bus on the South Rim,” Hopp wrote in his affidavit. “However, nearly all groups were extremely reluctant to speak about their plans, their leader, and their event.”During the same period, the filing says another ranger, identified in court papers as Andrew Sprutta, was in plainclothes and saw between 200 and 250 people departing from the same trailhead.“Many of the hikers told me that they were part of a large group of a [sic] 100 or more from all over,” it says.A third park ranger manning a separate station in the area, stated, “In my 7 months of work...I have never have [sic] witnesses so many individuals traveling in the same direction in such a condensed period of time and space.”https://www.facebook.com/photo.php?fbid=10224967186113225&set=pb.1423503533.-2207520000..&type=3The group “fragmented into clusters as it continued across the canyon,” the complaint attests. A fourth ranger quoted in the filing said each individual group “did not interact, avoided talking to each other, or pretended not to know each [other] until they were leaving.” The hikers were using small radios to communicate between groups, the ranger stated.Mount insisted his intentions were not nefarious, and his advice was for safety’s sake.“I told people, ‘If you’re hiking this, it’s best to be in communication with others,’” he told The Daily Beast.When one breakaway cluster of hikers was stopped by a ranger patrolling the Bright Angel trailhead, a man with the group said they were part of a large expedition being led by Mount. After confessing, the man allegedly bumped the ranger on the shoulder and admitted that he wasn’t supposed to tell her that.Visitors cited in the complaint said the hikers did not maintain any sort of social distancing, were not wearing masks, and seemed to be part of an organized group. Another ranger said that when they did encounter groups of 10 or less, not all the members knew one another.A spreadsheet posted in the Facebook group that rangers reviewed seemed to indicate that Mount wasn’t doing it for the money, according to the complaint. After collecting $15,185 from the participants, Mount said he laid out $15,120 for two charter buses, three passenger vans, lodging, tips, and incidentals. He would be making $65.11 in profit, Mount told the group, which he said he’d be putting toward a new pair of hiking poles.When it was all over, rangers continued to monitor the group’s activities. Following the event, the complaint says one of the hikers who had been on the trip posted a message on Facebook reading, “I think Joe did a fantastic job. How about we give ‘our guide’ a bonus for all the extra hard work he did planning an [sic] weekend of memories!!!”Another participant reportedly replied, “[The] least we could do is Venmo Joe Mount $10 for putting together this experience.”Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
(Bloomberg) -- Peloton Interactive Inc. recalled its treadmill products and will stop selling them after a child died and more than 70 safety incidents were reported, walking back an earlier position that the devices were safe if used properly. The shares fell 15%, the most in about six months.The recalls involve two Peloton treadmill models: Tread and Tread+, the company and the U.S. Consumer Product Safety Commission said in a joint statement Wednesday. Consumers who have purchased either treadmill should immediately stop using it and contact Peloton for a full refund, according to the statement.The Tread+ machine, which costs more than $4,200, had been involved in a series of accidents, prompting a warning from U.S. regulators last month and an investigation by the safety commission. Peloton is recalling the cheaper Tread because the device’s screen could become loose, detach, and fall, potentially harming a user.Sales of the treadmills account for a small portion of Peloton’s total annual revenue, which doubled during the pandemic to almost $2 billion in 2020. The company is most famous for its namesake stationary bike, with attached touch-screen to stream home workouts. But in earnings calls with analysts over the past several months, Peloton executives touted how the cheaper Tread model beat sales expectations in the U.K., saying the $2,500 machine could eventually be a “rocket ship” and that the treadmill opportunity is potentially larger than bikes.Filings from the safety commission show that about 125,000 Tread+ models have been sold to date, while the Tread only has about 1,050 units on the market. That cheaper treadmill was introduced recently in the U.S. via limited sales channels. It was due for an expanded U.S. launch on May 27, and Peloton hasn’t indicated if that will be delayed.If the company did indeed sell 125,000 Tread+ units, that suggests it brought in more than $500 million from the product in its lifetime. The company was forced to pause deliveries of the Tread+ for several months last year due to the pandemic.In total, treadmills make up about 10% of Peloton’s total revenue, according to Ron Josey of JMP Securities LLC. “I think the opportunity for Peloton was to do for the treadmill what it did for the bike.” He said he’s optimistic about Peloton’s ability to quickly fix the issues with the cheaper treadmill, but that a remedy for the pricier model could be further out.Peloton also requires treadmill owners to buy a $39 per month subscription to unlock personalized workouts and the full catalog of classes. The recall could lead to some cancellations of that program as people return the hardware and receive refunds. Peloton reported its first billion-dollar quarter in the three months ending Dec. 31, generating $870 million from hardware sales and nearly $200 million, or 18%, from subscriptions. At the time, the company raised its sales forecast for the full fiscal year to $4.08 billion.“The voluntary recall of Peloton’s Tread and Tread+ is a clear negative,” analysts at Keybanc Capital Markets wrote. “This may have other unquantifiable impacts to long-term demand.” Peloton reports third-quarter earnings on Thursday. Peloton declined to comment on the financial impact of the recalls ahead of the earnings report.Peloton said full refunds for the Tread+ will be available until November 2022, with only partial refunds being offered after that time. For customers who don’t want refunds, Peloton is offering remedies and hardware fixes.For the Tread+, the device which was involved in the death of a child, Peloton said it will help consumers move it to a room inaccessible to kids and pets. The company said it’s also working on a software update that will require a pass code to be entered to use the machine. Peloton said it is working on a repair program and hardware fix for the loose screen problem on the cheaper model.The recall is a surprising reversal for Peloton. Last month, Peloton called the commission’s warning about the Tread+ “misleading and inaccurate.” The company said then that there was no reason to stop using the Tread+ as long as all warnings and safety instructions are followed. On Wednesday, Chief Executive Officer John Foley said it was an error to not take earlier warnings more seriously.“Peloton made a mistake in our initial response to the Consumer Product Safety Commission’s request that we recall the Tread+,” Foley said. “We should have engaged more productively with them from the outset. For that, I apologize.”The high-end treadmill first launched in 2018 and was renamed the Tread+ last year when the cheaper Tread was announced. Peloton has become synonymous with the pandemic era, attracting a legion of fans with its technology-infused stationary bikes and treadmills and subscription-based exercise program.“The agreement between CPSC and Peloton is the result of weeks of intense negotiation and effort, culminating in a cooperative agreement that I believe serves the best interests of Peloton and of consumers,” Robert Adler, acting chairman of the CPSC, said in the statement.The safety commission said the recall of the Tread+ followed 72 reports of adults, children, pets, and objects being pulled under the rear of the treadmill, the same flaw that led to the death of the child. Of those reports, 29 involved significant injuries to children, the CPSC said.For the Tread, the commission said that it received 18 reports of the touch screen becoming loose and 6 reports of the screen actually detaching and falling. It received no reports of injury in the U.S., but has seen reports of minor injuries in the U.K. and Canada.The treadmill recalls aren’t the first for Peloton. Last October, the company recalled pedals sold between 2013 and 2016 for about 27,000 bikes due to potential leg injuries from the parts breaking off. For that recall, Peloton provided replacement parts.“We believe strongly in the future of at-home connected fitness and are committed to work with the CPSC to set new industry safety standards for treadmills,” Foley added in a statement posted on Peloton’s website. “We have a desire and a responsibility to be an industry leader in product safety.”(Updates with estimates on overall sales from treadmills)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Yahoo Finance's Jared Blikre breaks down Booking Holding Q1 earnings.
Israeli troops shot and killed a 16-year-old Palestinian male during clashes in the occupied West Bank late on Wednesday, the Palestinian health ministry said. The Israeli military said troops had fired towards Palestinians hurling Molotov cocktails at them near the Palestinian village of Beita, south of Nablus. "The troops operated to stop the suspects by firing towards them," an Israeli military spokeswoman said, adding that the incident would be investigated.
Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that for the first quarter of 2021 the Company reported net sales of $184.4 million and diluted earnings of $2.16 per share, compared with net sales of $123.6 million and diluted earnings of 87¢ per share in the first quarter of 2020.
Actor revealed he is in the ‘worst shape of [his] life’ this week
Site also adopts the language of Section 230, which former president has repeatedly said should be repealed
Biden would raise his own taxes modestly, unlike his predecessor, who probably cut his own taxes.
Fox Corporation has purchased Outkick, the conservative-leaning sports-news site founded by entrepreneur and online personality Clay Travis. The acquisition was unveiled by Lachlan Murdoch, the company’s CEO, during a call with investors on Wednesday. Financial terms were not disclosed. Outkick, said Murdoch, is a leader “in sports news, and more critically, sports opinion,” and is […]
Senate Minority Leader Mitch McConnell said his caucus was united against President Biden’s agenda shortly after former President Donald Trump criticized McConnell as “gutless and clueless.”
The Royal Navy and Gravity Industries tested a “jet suit for maritime boarding operations” in England’s Plymouth Sound, footage released May 1 shows.Royal Marines from the Plymouth-based 42 and 47 Commando units assisted staff of Gravity Industries, the creators of the suit, in testing the device’s takeoff and boarding capabilities using “fast raiding boats” and the patrol ship HMS Tamar, the Royal Navy said in a press release sent to Storyful.“The trial looked at the utility of the jet suit – which allows the user to fly – in maritime boarding operations and the specialist vertical access techniques associated to them,” the Royal Navy said. “While undoubtedly impressive, experts concluded that the kit is not ready just yet for military adoption.”The Royal Navy said the suit was solely operated by Gravity Industries during the exercise. Credit: Royal Navy via Storyful
Granite Real Estate Investment Trust and Granite REIT Inc. (TSX: GRT.UN; NYSE: GRP.U) ("Granite" or the "Trust") announced today its combined results for the three month period ended March 31, 2021.
Manchester City will face Chelsea in the Uefa Champions League after the Premier League rivals saw off Paris Saint-Germain and Real Madrid respectivelyin the semi-finals. Man City breezed through the second leg of their semi-final against PSG on Tuesday night. With both sides chasing their first ever Champions League triumph, City headed into the return leg 2-1 up - and two goals from Riyad Mahrez secured a 2-0 win on the night, and 4-1 on aggregate, to book their spot in the final.
Over the course of her legendary career, Alice Lee “Boaty” Boatwright has cast iconic movies, served as a studio exec and repped starry talent including Joan Didion, Paul Newman and Joanne Woodward. Reflecting on it today, she says her career really took off after a pivotal encounter at Sardi’s restaurant more than 60 years ago. […]