Author: Press Room
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The House of Representatives is formally reprimanding Rep. Jamaal Bowman, D-N.Y., on Thursday morning over his pulling of a fire alarm earlier this year.The House voted largely along party lines, 214 to 191, to censure Bowman, who pulled the alarm despite no immediate threat of a fire in the middle of a dramatic floor vote. Three Democrats voted with Republicans to censure him – Reps. Marie Gluesenkamp Perez, D-Wash., Chris Pappas, D-N.H., and Jahana Hayes, D-Conn.Five members of the House Ethics Committee voted “present.”Lawmakers were on Capitol Hill on Saturday, Sept. 30, for an intense day of negotiation aimed at…
A growing number of the world’s richest entrepreneurs are using their wealth to fight aging. They’re taking supplements, abiding by fitness routines, and investing millions into research. BI rounded up a list of 13 entrepreneurs actively seeking the fountain of youth. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app When they’re not launching major social networks, search engines, or e-commerce companies, many of the world’s wealthiest tech execs have a side project they’re working on: extending the human lifespan. And they’re funneling millions of…
Two decades ago, Artuto Cifuentes, a Chilean financier, used his quantitative skills to parse financial derivatives with great effect: long before 2008, he warned that a financial crisis loomed (influencing my own journalism).Now, however, Cifuentes has another mission: he is redeploying his skills to analyse art, exploring issues such as the relative return and risk profile of Jean-Michel Basquiat’s paintings. (Complex calculations in his co-authored book The Worth of Art suggest that Basquiat not only outperforms US equities, but also works by Renoir and Matisse.)Is this a good thing? It is an intriguing issue to ponder as Art Basel Miami…
2/2 © Reuters. German Chancellor Olaf Scholz attends the weekly cabinet meeting at the Chancellery in Berlin, Germany December 6, 2023. REUTERS/Liesa Johannssen 2/2 By Andreas Rinke and Maria Martinez BERLIN (Reuters) -The German government will not be able to finalise its 2024 budget before the end of the year, a senior ruling party official said on Thursday, as a fractious coalition tries to narrow differences on fixing a budget hole. “This is however not a crisis,” German Finance Minister Christian Lindner said, playing down the need to get the budget through parliament before the end of the year. “I…
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Former Speaker Kevin McCarthy’s announcement that he would leave Congress came as little surprise to his closest colleagues, but his decision to do so a year before the end of his term poses challenges for his party. It will shrink Republicans’ already razor-thin majority in the House as they face a number of issues in the coming months that will require near-unanimous party support.The departure of Mr. McCarthy, who was his party’s strongest fund-raiser in the House and spent two election cycles helping to build the Republican majority, also could put a dent in the G.O.P.’s ability to rake in…
Harvard, Penn, and MIT presidents are under fire over their testimony before Congress on antisemitism.The college presidents faced calls for their resignations, including from Bill Ackman.The presidents later issued statements that appeared to backtrack on their earlier testimony. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The presidents of Harvard, Penn, and MIT are backtracking on their congressional testimony Tuesday, which triggered widespread criticism.In their testimony, the presidents evaded questions on whether calling for the genocide of Jews violated their institutions’ codes of conduct.”It can be,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sanofi chief executive Paul Hudson began in sales jobs at groups including GSK. He now needs to draw heavily on those skills to convince investors that Sanofi has what it takes to develop a new breed of blockbuster drugs solo.His job will be made harder by the fact that some investors have their backs up. Shares in the French pharma company are struggling to recover from their steep fall in October. Hudson spooked the market when he scrapped a 2025 margin target…