Yahoo Finance's LaToya Harding has the latest from London.
Yahoo Finance's LaToya Harding has the latest from London.
Activist investment firm Trian Fund Management LP has trimmed its stake in two consumer staples companies, Procter & Gamble Co and snack foods company Mondelez International Inc, according to regulatory filings. Trian, founded by Nelson Peltz, Ed Garden and Peter May, held 8.9 million shares in P&G at the end of the first quarter, down 9.6% from the 9.8 million shares it owned at the end of the fourth quarter, according to a regulatory filing.
While the Centers for Disease Control and Prevention announced Thursday that people who are fully vaccinated against COVID-19 can resume most typical pre-pandemic activities without wearing a face mask or social distancing, there was an important exception to the agency’s guidance. The national guidelines state that people may go without masks “except where required by […]
Army Wife pulled off a mild upset win the Black-Eyed Susan Stakes on Friday at Pimlico Race Course as embattled trainer Bob Baffert's favored Beautiful Gift finished a well-beaten seventh. Mike Maker, a former assistant trainer for Hall of Famer D. Wayne Lukas, saddled the winner. Army Wife beat Willful Woman by 2 3/4 lengths for her third victory and first in a graded stakes and Maker's first Black-Eyed Susan.
The military style jacket that Janet Jackson wore during her 1990 Rhythm Nation tour sold for $81,250 at a Beverly Hills auction on Friday, more than 20 times its pre-sale estimate. The Rhythm Nation cropped black jacket with metal hardware was one of the highlights of a three-day sale of stage costumes and other memorabilia amassed over four decades by the singer. Julien's Auctions said the jacket had been expected to sell for $4,000-$6,000.
Shares of FuboTV (NYSE: FUBO) popped today, although there was no major news driving up shares of the video streamer. Instead, the entertainment stock seemed to be responding to broader gains in growth stocks, which came after it reported a strong earnings report earlier this week. FuboTV stock finished the day up 12.4%, while the Nasdaq gained 2.3%, and the ARK Innovation ETF, often seen as a proxy for high-priced growth stocks, finished up 4.9%.
The UFC and its fans have finally, reluctantly been forced to accept the fact that Khabib Nurmagomedov is serious about retiring in the prime of his career. The two men first in line to take the unbeaten Russian's place atop the lightweight division are eager to show they've got what the UFC is now missing at UFC 262 on Saturday night in Houston. Michael Chandler (22-5) is the long-reigning Bellator champion who has marched straight into a UFC title shot in his second bout with his new promotion.
On Tuesday, the For the People Act, democracy-reform legislation Democrats believe would expand voting access, saw a preview of its fate. The 900-page bill, dealing with everything from election administration to congressional ethics, was the subject of a full day of debate in a Senate committee with nearly 100 proposed amendments. A total of 10 passed, while the rest went down in flames on largely party-line votes. Its future on the Senate floor looks no better: It will be forced for consideration, debated for hours, and will still fail.Rather than squabbling over next steps or surrendering, however, the Democrats have a more realistic option that would solve election administrators’ need for funding and would boost the health of elections in a way that is truly for the people.How? By putting election funding into their infrastructure package.How This Voting Rights Bill Could Turn the Next Election Into a Clusterf*ckThe need for this alternative strategy is obvious. S1, the Senate’s version of HR1, faces a bleak path: Senate Majority Leader Chuck Schumer (D-N.Y.) can now force the bill to the floor as part of his power-sharing agreement with Minority Leader Mitch McConnell (R-KY). Once there, they will have an easier time amending the bill in ways that failed in committee, because Vice President Kamala Harris can break ties. But, there’s no guarantee Harris will be able to serve that role. There aren’t 50 Democrats on board with this bill, and Joe Manchin (D-W.V) — the most powerful man in the senate — is, I’m told by staffers, carrying water for a small handful of other Democrats who do not want this bill to pass but are keeping quiet for fear of being punished by leadership. While the Democratic Party is attempting to sell this bill as supported by a unified front, it is very clearly not. And even if it were, they will still need 10 Republicans or filibuster reform, both of which appear unlikely.The For the People Act may be dead on arrival, but election funding does not have to be. While Republicans assail the infrastructure package, niggling with what “infrastructure” really means anyway, no one could feasibly argue that elections are not infrastructure — federal policy designates it, along with power and water, as “critical infrastructure.”This idea was initially pitched by the Center for Tech and Civic Life — which in 2020 carried out the largest private grant program to elections officials in U.S. history. Unlike the For the People Act, this plan was written in direct coordination with hundreds of bipartisan elections officials, who have, for years, been begging for consistent federal funding. Routing funds through the infrastructure plan provides Congress a real ability to equip local officials to give voters the elections they deserve.“We’ve heard that robust, consistent funding is the most critical need election departments have today, and the lack of adequate, predictable funding is perhaps the greatest barrier election officials face in doing their best work,” they wrote in a statement announcing the initiative. This is because Congress has funded elections as a secondary thought for years, infusing millions of dollars in reaction to crises: after the hanging chad debacle in 2000, after the cybersecurity failures of 2016, and during the pandemic of 2020. There has never been an effort to consistently fund elections offices such that they can plan ahead for necessary improvements.A predictable disbursement of cash to local officials — even with clear parameters for policy priorities — would allow states like Louisiana, which needs machines right now, to buy them. But it would also allow states like Georgia, which just invested millions into new machines, to bank money away for when they will need to upgrade their machines in eight to 10 years. Democrats are serious about their desire for automatic voter registration, updating machines and upgrading physical and digital security. All of these things can be provided for in the infrastructure bill, by offering specific funding for specific plans. This process will not allow Democrats to be as prescriptive in their policymaking, that’s true, but it will become much easier to get Republicans on board — many of whom already live in and represent states with existing automatic voter registration procedures or more stringent security protocols. The money could be specifically allocated to additional polling locations, or to incentivize states to adopt paper-backed machines and begin to do rigorous auditing — all things with at least some bipartisan consensus.That elections were left out of the infrastructure package to begin with, for many local election officials, is a head scratcher.“Elections are clearly infrastructure,” Tiana Epps-Johnson, who heads CTCL, told me. “In order for our elections to improve, they need the funding to plan into the future. This would allow for that.”In contrast, the For the People Act, as evidenced by the debacle of a committee markup, will not.Even internally, Democratic staffers on the various committees responsible for the drafting of the bill acknowledged that it began as a messaging bill while they were in the minority. It was introduced in 2019 as a priority, but because Democrats did not yet hold the majority in the Senate, it was meant to send a signal only. It was introduced again in the House as HR 1 in 2021 to demonstrate their emphasis on voting rights. The bill was then introduced in the newly Democratic-controlled Senate, with almost none of the changes demanded by elections officials, who, as I previously reported, harbored deep reservations about how they could realistically carry out these reforms. Never fear, Democrats said, they would work out the changes in committee.In the committee markup session, Amy Klobuchar (D-Minn.) introduced a manager's amendment addressing the feasibility of the massive election policy changes in the bill. These tweaks to loosen deadlines and add waivers to the mandates were welcomed by election administrators, who saw them as the first step of a good-faith effort to make the bill workable.“They really did listen to election officials’ concerns,” said one former local official, now active in these negotiations. “I don’t believe they wanted to pass a bill that has unintended consequences, but one that ensures all eligible voters have the same opportunities to successfully participate.”But Klobuchar’s amendment failed, dashing their hopes again. Both Schumer and McConnell showed up to this markup session, a rare event for Senate leadership, demonstrating how important both parties believe the issue to be. But while Republicans present as a solid bulwark against the bill, Democrats are arguing amongst themselves as to strategy and the contents of the bill.If Democrats cannot get a basic amendment addressing basic feasibility concerns passed through a committee they control, it seems their success on the floor isn’t as high as they might claim in public statements. It’s a strategy that’s difficult for local elections officials to digest: Democrats have strapped all of their hopes on voting rights to a single bill that their own party cannot come to a consensus on, and what little funding is made available to elections officials will go down with that ship. Meanwhile, the John Lewis Voting Rights Act — which Manchin has signaled he supports and may well get a small amount of Republican buy in — has been left ignored.Including elections — an obviously critical piece of American infrastructure — in the infrastructure package gives Democrats and interested Republicans a clear opportunity to at least begin to fix the problems that plague our system, even if they cannot fix all of them at once.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.
Liz Cheney: McCarthy should testify about Trump’s views on Capitol attack. Lawmakers agree to create bipartisan commission to investigate breach but questions remain over GOP support
Driver Paul Liao says attacker asked about ethnic background before striking him with gun
Wall Street finished off a rough week on a brighter note as investors bet the economic rebound will continue to chug along.The Dow rallied 360 points on Friday. The S&P 500 gained 61. The Nasdaq surged 314.The market was oversold and may be scaling back some of those inflation fears that rattled stocks earlier in the week, says Carin Pai, head of equity strategy at Fiduciary Trust International. "So some of the inflation numbers that we're seeing, maybe the market's overreacting a little bit on the concern about an inflationary scenario that's going to be sustained. We think more so, the inflation scenario that we're thinking about is that it's going to last for a period of time, but it's not going to be sustained." Shares of Walt Disney were left out of the rally. Investors weren't happy with the latest subscriber numbers for the Disney+ streaming service. The stock fell 2.6 percent. Netflix, the top name in the streaming video business, moved higher.Beauty stocks rallied as investors bet there will be more sales of make-up and other cosmetics after the CDC advised fully-vaccinated Americans that they don't have to wear masks in most places. Revlon jumped more than 4 percent and Estee Lauder, parent of MAC, rose nearly 2 percent. Despite Friday's gains it was still the worst week for the stock market since February. Investors had to sort through more disappointing economic data Friday. Retail sales unexpectedly stalled in April. Sales were flat after the upwardly revised 10.7 percent surge in March, as the impact of stimulus money waned. But what's bad news for Main Street might be seen as good news on Wall Street, with investors betting the retail sales slowdown will dampen talk the Federal Reserve will need to remove the extra stimulus it's pumping into the economy.
A country rapidly going maskless could benefit the biotech handsomely.
Variant could also make it “more difficult” for England to move to step four of road map out of lockdown in June, Boris Johnson warns
Duck Dynasty's Sadie Robertson and husband Christian Huff welcomed daughter Honey James on Tuesday
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What happened Model coronavirus stock BioNTech (NASDAQ: BNTX) shot 6.6% higher Friday. This was due to encouraging news about the coronavirus vaccine BNT162b2, which it developed with Pfizer (NYSE: PFE).
As the former Talking Heads frontman celebrates his 69th birthday, Kevin E G Perry looks back at key moments from the groundbreaking musician’s life and work
Corporación América Airports S.A. (NYSE: CAAP), ("CAAP" or the "Company") the largest private sector airport operator in the world by number of airports, reported today a 1,342.4% YoY passenger traffic growth in April 2021, and 75.7% decline when compared to the same period of 2019.
After months of development, production and fine-tuning, it’s decision time for dozens of broadcast pilots hopeful of getting the greenlight to series for the 2021-2022 TV season. As the major studios rack up series orders over the coming week of network upfront presentations, it’s time to tally the wins and losses. The clear theme of […]
Boris Johnson said there will also be ‘targeted new activity’ in Bolton and Blackburn to accelerate the vaccine rollout.
Kenya Duke has filed documents in court asking her estranged husband to continue paying her $44,000 a month for their household expenses, as was customary during their marriage