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Business

Utz Manufacturers doubles down on digital advertisements to develop snack gross sales, retain prospects

Dylan Lissette, CEO of Utz Brands, told CNBC on Friday that the company is increasing its marketing spend on digital advertising to reach new customers and increase sales of snacks.

“We are investing a lot of money there. In the further course of 2021 [it will be] About 60% more, “he said in a Mad Money interview with Jim Cramer.” But if we look beyond that, we will invest even more. “

The company, which sells a range of salty snacks, including potato chips and pretzels, wants to capitalize on bans in pandemic times with consumers eating at home. The company’s portfolio includes brands such as Zapp’s, Golden Flake and Boulder Canyon.

“What we love [digital ads] is the fact that you are really able to turn a dime in … and keep track of what works, “he said.” If some kind of angle of attack works for one brand or another in reaching our customers, they are able to lean behind it very quickly. “

According to the annual report, Utz spent around 11.1 million US dollars on consumer marketing and advertising for the 2020 financial year ending on January 3. Lissette didn’t say how much would be spent on marketing and advertising expenses in the current fiscal year.

Lissette said there are more opportunities in social media and digital ads “than doing a commercial and running it for a year and realizing that it isn’t really giving you what you need”.

The Utz share rose by 5% to USD 26.56 on Friday. The 100-year-old brand went public last year through a purpose of the acquisition company.

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Entertainment

‘Zack Snyder’s Justice League’ Evaluate

Nobody knows hope like a fan: Hope your favorite author doesn’t disappoint the next chapter, hope a character triumphs, hope the heroes save the day. Hope is burned into the pages of comic book stories, which often hold the belief that good and bad exist in a clear binary file and that even in the darkest of days, a light will always shine through.

I know I’m misleading you and starting this review of Zack Snyder’s expanded Justice League cut with hope when the following sounds more like desperation. And yet hope is at the core of this four-hour marathon of a film – and also what it does not understand.

But let’s start with the story you might already know from the 2017 theatrical release. (This version of the film was adapted from director Joss Whedon, and fans were demanding the restoration of Snyder’s original.) Superman (Henry Cavill) is dead after the events of Batman vs. Superman and an alien warrior Steppenwolf (Ciarán Hinds) is on traveled the earth to collect three mother boxes, sources of endless destructive (and regenerative) energy that, when combined into a “unit”, can destroy an entire world. Batman (Ben Affleck) recruits all the Supers he can find – Wonder Woman (Gal Gadot), Aquaman (Jason Momoa), Flash (Ezra Miller), Cyborg (Ray Fisher), and later a resurrected Superman – to face the upcoming Superman stop apocalypse.

The oversized runtime allows the narrative space to stretch for better or for worse. For the better, there’s an ambitious mythology that reveals the epic Snyder envisioned, restoring world-making details like Wonder Woman’s discovery of Steppenwolf’s plan and the extent of Cyborg’s connection to the mother boxes. Worse still, Snyder also trudges through seemingly endless (and pointless) exposures, adding enough backstory to any Justice League hero to make us invest in these characters so that we care when they finally put on the team jerseys and on the court.

But Snyder has never been one for nuances. “Zack Snyder’s Justice League” is divided into six parts (for the six members of the Justice League, understand?) And a tediously long epilogue with enough teasing storylines and new and familiar faces (Deathstroke! The Martian Manhunter! Lex Luthor! The Joker! ) To keep the franchise going until the next end of the world. But right now here is an inelastic orgy of special effects, battle scenes burdened with slow motion attacks that are set on Tom Holkenborg’s relentlessly didactic score. More explosions! More impaling! More beheading! The film seems to want more of everything except the quality it needs most but cannot fully understand.

Yes i’m back to hope The film is peppered with the idea: The first attack on earth was stopped by a union of people, gods, Amazons and Atlanteans in the style of the “return of the king”. So we know that teamwork is the only way to make the dream work. so to speak. And the heroes find out that the chaos didn’t begin until Superman died – his resurrection, they decide, is the best plan of action, not only because of his power, but also because of the hope he represents.

So here comes Superman, our hero ex machina: a white male superman as the standard image of hope and salvation, literally raised from the dead. Despite the other powerful, charismatic heroes on the roster (Gadot and Momoa are still intriguing to watch, even in the most unflattering sequences), Justice League can’t see past the man with an S on his chest.

Fabian Wagner’s cinematography is dark, as if the whole film was shot in the bat cave, infected with Bruce Wayne’s brooding. The few attempts at an airy dialogue and the persistent use of Miller as a comic relief through the film fall in the lead in this atmosphere of the funeral. Even Superman’s new costume makes the Kryptonian look like he’s going through an emo phase. The triumph in battle and the score – along with the shiny action shots – telegraph hope without fully subscribing to them.

But this is where the hope of the narrative collides with the hope of the franchise: the story is meant to give us a world where heroes are brought back to life, where they put their pride, restraint, and self-interest aside to form an alliance. Even an antisocial orphan billionaire in a bat costume says he has confidence in this issue. But what is the franchise hoping for? More movies, more crossovers, more money. Something that can rival the other endlessly multiplying superhero films. Snyder confidently mixes as much history as possible into the timeframe, marking the end with countless dangling threads that could be woven into a larger tapestry of future DC Comics films – had his cut released earlier.

Hope is not established. It cannot be confined to a shadow of a gesture or shouldered by a man whose extraordinary abilities are heralded in the “super” of his name. And it’s definitely not the cinematic equivalent of a four hour video game editing scene.

Spring is coming next week and people are going to the park. People get vaccinations. I probably don’t need to explain what hope looks like now after the year we’ve just had – and indeed it might look different for you. But I know one thing: it doesn’t look like the corpses of a villain and his henchmen at the end of a great saga. It’s something brighter, brighter – so much more than the darkness.

Zack Snyder’s Justice League
Rated R. Running time: 4 hours 2 minutes. Watch on HBO Max.

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Business

Can We Study Something From Horses?

Dr. Croney, previously unfamiliar with Equus, added, “We don’t want to beat up what they do.”

Humans can “certainly influence” the behavior of horses, she said. “But it doesn’t reflect any inherent quality in us, I say.”

Still, it is possible, said Dr. Croney suggests that people outside of the formal traps of leadership exercises, for example, can benefit from just spending time in the presence of animals. This is a premise of the “biophilic hypothesis” that humans are naturally drawn to nature.

“My animal behavior work has made me a far better teacher,” she said.

When working with sheep, Dr. Croney: “Everything scares sheep.” She has to be calm and composed. noticing what the sheep are doing; Take stock of the environment they are in and even see what they see “so I understand what will affect them”.

“As long as the animals are comfortable, they are in an environment that makes them feel safe and secure, and you have the opportunity to sit and watch them – or better yet, interact safely with them – all of these are fantastic opportunities. ” She said.

When asked what exactly Equus does, Ms. Wendorf usually answered with starry eyes and expansively: “We create the conditions for groundbreaking learning processes so that you can lead the life you have always dreamed of,” she said.

But the thriving value to her and Mr. Strachan could be that in starting a business that relies on contemplative horse watching, they have found a way to continually improve their skills that make them better than the average person at dealing with all the unpredictable , make animals shy – including people who want to improve at all costs.

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Health

Mother and father wired, some turned to drug, alcohol: CDC

A student raises her hand in her virtual classroom at Roxbury YMCA in Boston on September 21, 2020.

Suzanne Kreiter | Boston Globe | Getty Images

Parents with children stuck at home during the pandemic will tell you how stressed they are, but now the CDC has scientific evidence that virtual schooling is taking a real physical and emotional toll – by turning some parents into drugs and alcohol drifts to cope with it.

The results, released Thursday by the U.S. Centers for Disease Control and Prevention, suggest that virtual learning “carries more risks than face-to-face teaching regarding the mental and emotional health of children and parents, as well as some health benefits Behaviors “.

Schools throughout the spring closed quickly last spring as the coronavirus spread rapidly across the US, forcing millions of students and their parents to unexpectedly grapple with online learning year-round. While some states have made extensive efforts to get children back into class, others have struggled to respond to safety concerns from parents and educators.

Increased stress

The CDC surveyed 1,290 parents or guardians of school-age children up to 12 years of age between October and November. Among the participants, 45.7% said that their children had received virtual lessons, 30.9% in person, and 23.4% of the children took part in a hybrid teaching program.

Overall, almost half (46.6%) of all parents reported increased stress, 16.5% said they consumed more drugs or alcohol, and 17.7% said that they had trouble sleeping due to the pandemic, among other things. Researchers found that across the board, children with children in full-time or part-time virtual learning programs had higher levels of suffering than parents with children in school.

More than half (54%) of parents with children stuck in a virtual school said they experienced increased emotional distress, 16.4% said they were increasingly using drugs or alcohol, and 21.6% said they were having trouble sleeping at night. These problems were less common among parents with children who attended school in person. Only 38.4% of these parents said they were more stressed, 13.7% said they used drugs or alcohol, and 12.9% said they had trouble sleeping at night.

Substance use

Increased substance use was most common among parents with children in hybrid learning programs – where students were virtual on some days and in class on other days – with 20.5% reporting increased use, researchers found.

Parents with children in virtual learning programs had also most likely lost their jobs, worried about job stability, faced childcare challenges, and experienced conflicts between their work and their children.

Virtual learning was also more difficult for students, researchers found.

More than half (62.9%) of parents with children who study from home stated that their children did less sport, 58% stated that they spent less time outdoors, 86.2% stated spending less time hanging out with friends in person, and 24.9% said their children’s mental or emotional health had deteriorated.

The results, which researchers said represent the broader US population, said virtual classes are more common among racial and ethnic minority parents. Further research is needed to determine whether distance learning has a disproportionately negative impact on these groups.

Disrupt services

“The pandemic disrupts many school-based services, increases parental responsibility and stress, and potentially affects the long-term health outcomes of parents and children,” wrote Jorge Verlenden, lead author of the study.

The CDC’s findings come because President Joe Biden makes reopening schools for personal learning a top priority for the first 100 days of his term in office.

On Wednesday, the Department of Health and Human Services announced that it will invest $ 10 billion from the recently passed stimulus package in Covid-19 tests for schools starting in April.

New school advice

Almost half of the K-12 students study in person five days a week, while another 30% go to school personally at least part of the time. This comes from recent data from Burbio, a service tracking plans to open schools. Almost 21% of students still only study online.

The CDC updated its safety guidelines for reopening schools on Friday and reduced its social distancing recommendations from 6 feet to 3 feet in most cases while everyone is wearing masks.

“CDC is committed to being at the forefront of science and to update our guidelines as new information becomes available,” said CDC Director Dr. Rochelle Walensky in a statement. “Through safe, face-to-face tuition, our children gain access to vital social and mental health services that prepare them for the future, in addition to the education they need to be successful.”

Biden has urged states to allow all educators to be approved for vaccines by the end of March. Regarding the students, White House chief medical officer Dr. Anthony Fauci, on Wednesday that high school students might have access to a shot before the fall school year, while younger elementary school-aged students will likely have to wait until the first quarter of 2022.

– CNBC’s Will Feuer contributed to this report.

Categories
Politics

Biden calls on U.S. to unite towards hate concentrating on Asian People

President Joe Biden and Vice President Kamala Harris called on the US to unite against hatred and speak out against violence against Asian Americans in a speech in Atlanta on Friday.

“Harm to one of us is harm to all of us,” said Harris, the country’s first Asian-American vice president.

The public statements came after the President and Vice President met with Asian American leaders in Georgia after the Atlanta area rampage that killed eight people, including six Asian women.

While law enforcement was still investigating the suspect’s motive, both Biden and Harris realized: the shootings are taking place amid mounting discrimination and violence against Asians and Asian Americans, and the country must work together to address the problem.

“Hate and violence are often hidden in public. There is often silence,” said Biden. “Our silence is complicit. We cannot be complicit. We have to express ourselves. We have to act.”

“It is up to all of us, all of us together, to stop it,” said the president, emphasizing that “words have consequences”.

Biden called on Congress to pass hate crime law to combat the rise in violence against Asian Americans during the Covid pandemic and the law against violence against women.

“I believe with every fiber in my being there are simply some core values ​​and beliefs that should bring us together as Americans, and one of them stands together against hatred, against racism – the ugly poison that has long plagued our nation . ” Said Biden.

President Joe Biden speaks after meeting executives from the Georgian Asian-American and Pacific islander communities at Emory University in Atlanta on Friday, March 19, 2021 while Vice President Kamala Harris listens.

Patrick Semansky | AP

The president, who himself mourned the loss of family members, offered words of comfort to the families of those who lost their lives in the shootings.

“I assure you the one you lost will always be with you,” said Biden. “The day will come when her memory will bring a smile to your face before it brings a tear to your eye, incredible as this is. It will be a while. And I promise you it will come. When it does doing that, it’s the day you know you will make it. “

The meeting with Asian American lawmakers and community advocates was held at Emory University, where Biden and Harris later made their comments.

The Atlanta visit, Biden and Harris’ first trip together since taking office, was originally part of a national tour that announced the passage of the $ 1.9 trillion Covid aid package. The White House announced Thursday that it would postpone the planned political event after the deadly shootings and focus on increasing discrimination and violence against Asian Americans.

The President and Vice-President will also meet with experts from the Centers for Disease Control and Prevention for information on the Covid pandemic.

Biden and Harris also planned to meet with proxy and former gubernatorial candidate Stacey Abrams during their visit to Atlanta, a White House official told NBC News.

The official said Abrams “played a leading role in accessing voting and protecting voters, and she will be an important partner in taking important action in this important area in the future.”

Abrams is widely credited for her years of electoral mobilization efforts that fueled Georgia’s democratic victories in the November presidential runoff and January Senate runoff.

The President and Vice President meeting with Abrams comes as civil rights activists in Georgia roll back voting restrictions proposed by Republican lawmakers. The activists are calling on Biden and Congress to pass federal voting rights, such as the For the People Act introduced in the Senate on Wednesday.

Categories
World News

China’s Sharp Phrases in Alaska Sign its Extra Assured Posture

ANCHOR – The Biden government’s first face-to-face meeting with China ended Friday after a vivid demonstration of how the world’s two largest economic and technology powers are facing a growing gap of suspicion and disagreement over a range of issues affecting the global Will shape the landscape for years to come.

After an opening session on Thursday marked by mutual public accusations, the two sides left an Anchorage hotel on Friday without jointly expressing their willingness to work together, even in areas where both say they share common interests, from climate change until the rollback of North Korea’s nuclear arsenal.

Secretary of State Antony J. Blinken argued that it was valuable to hear how differently Chinese President Biden and President Xi Jinping, who celebrated a cautious friendship a decade ago, now pursue their priorities.

“We know and knew that there are a number of areas where we are fundamentally at odds,” Blinken told journalists after the Chinese diplomats left the venue without making public statements or answering questions. “And it’s no surprise that when we addressed these issues clearly and directly, we received a defensive response.”

The extraordinary resentment exuded by China’s top diplomats in Alaska reflected a new militant and unapologetic China that was increasingly deprived of diplomatic pressure from the American presidential administrations.

Just as Washington’s views of China have changed after years of promoting the country’s economic integration, so have Beijing’s perception of the United States and the privileged place in the world it has long held. The Americans, in their view, have neither an overwhelming reservoir of global influence nor the power to use it against China.

This has made China more confident in pursuing its goals openly and blatantly – from human rights issues in Hong Kong and Xinjiang, to territorial disputes with India and Japan and others in the South China Sea, to the most controversial fate of Taiwan’s self-governing democracy, which China claims for itself.

While China still faces tremendous challenges at home and around the world, its leaders now pretend history is on their side.

“These strategic exchanges were open, constructive and helpful,” said China’s top diplomat Yang Jiechi in comments that were broadcast on Chinese state television. “Of course there are big arguments between us. China will vigorously defend national sovereignty, security and development interests, and China’s development and growing strength are unstoppable. “

Although most of the discussions in Anchorage took place behind closed doors, the video of the opening session provided ample evidence of the tense start to the meetings. Mr. Yang held a 16-minute ceremony accusing Mr. Blinken and Jake Sullivan, Mr. Biden’s National Security Advisor, of condescension and hypocrisy.

China’s more aggressive diplomatic stance is likely to fuel tension with the United States, which has declared China itself a national security rival. China’s persistent views have already surfaced on its borders and in the surrounding waters, where it fought Indian troops and threatened ships from several countries including Japan, Malaysia and Vietnam over the past year.

The American delegation, Blinken said, had arrived in Alaska to discuss issues that China considered taboo because they concerned the country’s internal affairs. These included American objections to human rights violations against minority Uyghurs in China’s western Xinjiang province – which Mr. Blinken has described as “genocide” – and China’s application of a new national security law to suppress political disagreements in Hong Kong.

Mr Blinken and Mr Sullivan tried to downplay the sharpness that flared up in front of television cameras on Thursday evening at the opening hour of the two-day event.

“We knew we were coming in, we knew we were going out,” said Mr. Sullivan. “And we’re going back to Washington to take stock of where we are.”

Blinken said a discussion of China’s cyber activities also generated an irritated reaction: while the United States has not yet identified a country as responsible for a giant Microsoft Exchange system hack used by tens of thousands of government agencies and corporations, Microsoft has said It was a Chinese government sponsored operation.

Mr Blinken said “our interests overlap” on diplomacy with Iran, North Korea and Afghanistan, as well as on climate change. However, there was no shared declaration of determination to work together on any of these issues, the diplomatic friendliness that routinely seals such high-level meetings.

Afterward, senior Biden government officials insisted the talks would be useful in gaining insight into Beijing’s views, which could help develop a new American strategy to compete with China in a variety of areas. The officials, who informed journalists on condition that they could not be identified, called the private conversations civil.

A senior official said Mr Blinken focused Friday’s closing talks on human rights as well as detaining foreigners in China and using a practice known as travel bans to prevent them from leaving the country.

While this was not the first irritable meeting between Chinese and Americans, the balance of power between the two countries has changed.

For decades, China turned economically and militarily from weak positions to American governments. This sometimes forced it to comply with American demands, even when it was reluctant to release imprisoned human rights activists or to accept Washington’s terms for joining the World Trade Organization.

China today feels much more confident in its ability to challenge the United States and press for its own vision of international cooperation. It is a trust that China’s leader since 2012, Xi Jinping, has welcomed, who used the phrase, “The East is rising and the West is falling.”

Beijing’s view has been fueled by the coronavirus epidemic, which has largely tamed China at home, and internal political divisions in the United States. Mr. Yang highlighted both in his remarks on Thursday.

“The human rights challenges facing the United States are deeply ingrained,” Yang said, citing the Black Lives Matter movement against police brutality. “It is important that we manage our respective affairs well rather than diverting the guilt away from someone else in this world.”

The change in China’s strategy isn’t just rhetorical or “stellar” to a domestic audience, as suggested by a senior official traveling with Mr. Blinken.

Regarding the litany of issues Mr Blinken raised before and during the talks – from Hong Kong to Xinjiang, from human rights to technology – China’s leaders have refused to give a reason. They have done so despite international criticism and even tightened the punitive measures of the Trump and now the Biden administrations.

In the last round, the State Department announced this week that it would sanction 24 Chinese officials for their role in eroding Hong Kong’s electoral system. The timing of the move, just as the Chinese were preparing to leave for Alaska, added to the sharpness.

“This is not the way you greet your guests,” said China’s Foreign Minister Wang Yi in remarks in Alaska that were as clear as Mr. Yang’s.

The Biden government’s stated strategy for dealing with China was to form coalitions of countries to confront and deter their behavior. Mr Biden’s team has argued that while President Trump correctly diagnosed China as a growing threat, its erratic policies and ill-treatment of allies are undermining efforts to counter it.

How successful the new strategy will be remains to be seen, but for the past few years China has pretended to be impervious to outrage at its measures, which makes the task all the more difficult.

For example, the expansion of international condemnation last year over the introduction of a new national security law to curb disagreement in Hong Kong did nothing to stop a new law dismantling the territory’s electoral system this year.

China also opted Friday to begin its legal proceedings against two Canadians arrested more than two years ago and charged with espionage in general in retaliation for American efforts to extradite an executive from telecommunications giant Huawei for fraud-related charges Sales was viewed in Iran.

It was noticed that Mr. Yang, a seasoned diplomat and a member of the ruling Politburo of the Communist Party of China, used what he said to say that neither the United States nor the West by and large had a monopoly on international public opinion .

This is reflected in China’s successful efforts to use international forums such as the United Nations Human Rights Council to counter condemnation of measures such as mass detention and re-education programs in Xinjiang, the predominantly Muslim region of western China.

“I don’t think the vast majority of countries in the world would recognize that the universal values ​​held by the United States or that the opinion of the United States could represent international public opinion,” Yang said. “And these countries would not recognize that the rules serve as the basis for international order for a small number of people.”

Mr. Yang also questioned Mr. Blinken’s allegation that he had recently heard concerns from American allies about forced Chinese behavior. He noted that the two countries Mr. Blinken was visiting – Japan and South Korea – were China’s second and third largest trading partners, showcasing the growing influence of its economic power.

The confrontation played a good role among local audiences in China, as measured by reactions to the country’s carefully censored social media sites. “Who but China would dare to put the United States in such a corner on American territory these days?” A Weibo user wrote approvingly under a video of Mr. Yang’s remarks.

While American officials said the temperature of meetings in Alaska had dropped behind closed doors, few officials or experts on either side are hoping for a significant improvement in relations. “By and large, this negotiation is only for the two sides to put all the cards on the table, for the two sides to see how big and deep the differences are,” said Wu Qiang, an independent political analyst in Beijing. In fact, however, it will not help bring about reconciliation or mitigation. “

Chris Buckley contributed to the coverage from Sydney, Australia, and Claire Fu contributed to the research.

Categories
Business

NCAA weight room discrepancy displays continual gender inequality

The NCAA has a chronic problem with undervalued women, writer and presenter Jemele Hill said Friday – and the recent controversy over weight room discrepancies highlights that inequality.

“This has long been a consistent issue when it comes to the lack of equity between men’s and women’s sports,” Hill said. “This should let everyone know who is seeing and hearing this story that it was about the fact that they didn’t think they were worth it to begin with.”

A Stanford University athletic performance coach posted photos on Twitter Thursday exposing inequalities between the weight rooms of women and men.

Photos of Ali Kershner, a coach for the Stanford women’s basketball and golf teams, showed the women’s weight room in the NCAA bubble in San Antonio – a dumbbell rack and some yoga mats. The men’s weight room in their NCAA bubble in Indianapolis. was decked out with equipment worth a gym.

On a Friday morning call to Zoom, NCAA senior vice president of basketball Dan Gavitt promised to do better.

“I apologize to the students, coaches and the women’s committee for dropping the ball on the San Antonio weight room issue. We’ll fix it as soon as possible,” said Gavitt.

NCAA vice president for women’s basketball Lynn Holzman said later Friday the organization is looking at ways to adjust square footage and provide more exercise opportunities.

Hill told CNBC’s The News with Shepard Smith on Friday that the rapid response was indicative.

“When they were caught and this video went viral, they suddenly had a change of heart within 24 hours,” said Hill, who hosts the Spotify podcast. “Jemele Hill is undisturbed.” “The money was always there. The money isn’t the problem. The problem is they don’t believe these women are worth it.”

ESPN signed a 14-year $ 500 million contract with the NCAA in the 2023/24 academic year to expand rights to 24 college championships, including continued coverage of the Women’s Division I basketball tournament.

Hill told host Shepard Smith that going forward, the NCAA “must do everything it can to show that they take women’s sport seriously because it looks worse as the background to this is that it is the month of women’s history.”

NCAA officials were not immediately available Friday to respond to Hill’s comments.

Categories
Health

Greg Steltenpohl, Pioneer in Plant-Based mostly Drinks, Dies at 67

“Steve encouraged him to think outside the box and see the moment as an opportunity for innovation and progressive thinking rather than a failure,” said Eli Steltenpohl. “That certainly gave my father the fire he needed to get through.”

Odwalla never fully recovered. With the company on the verge of bankruptcy, its founders had to sell a majority stake in private equity firms.

The Coca-Cola Company acquired Odwalla in 2001 for $ 181 million and closed it last year. In doing so, Coke cited the need for business efficiency and a consumer preference for less sugary beverages, although Steltenpohl told The Times in 2016 that Coke had never maximized the brand’s potential.

“My father didn’t imagine that for Odwalla,” said his son. “But that made the success of Califia all the sweeter.”

In 2010, Mr. Steltenpohl planned to found another juice company, but changed gear when he saw the coming wave of non-dairy milk alternatives made from nuts, coconut, oats and soy. While he was recovering from his liver transplant, the hospital gave him a protein drink; he found it so uncomfortable, he told the Times, that he was inspired to do better and he was soon producing premium almond milk, ready-to-drink coffee and barista blends.

He named the new company after Queen Califia, a character in a 16th century Spanish novel who became the spirit of colonial California. After learning hard lessons from Odwalla, he insisted on strict quality control, less sugar and more nutrition, and an independent ethos. Until 2017, California’s bottled coffee was number 1 in the United States.

Greg Andrew Steltenpohl was born on October 20, 1954 in Homestead, Florida. His mother, Benita (Desjardins) Steltenpohl, was a culinary entrepreneur and cook. His father Jerome was a civil engineer who moved the family to Southern California in the 1950s, where he worked for defense companies. Greg grew up in the San Bernardino area.

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Business

‘The Market Appears Loopy’: Begin-Ups Wrestle With Flood of Provides

The frenzy has already created problems. Nikola, an electric car startup that went public in June via a SPAC, fell more than 80 percent after mutual fund Hindenburg Research accused the company in September of lying about its technology, overvaluing deals and being fooled into rolling a truck down a hill in a product video. Nikola founder and chairman Trevor Milton has resigned and the Securities and Exchange Commission and Justice Department have started investigations into the company.

The SEC has also launched an investigation into Clover Health, a health insurance start-up, and Lordstown Motors, an electric vehicle start-up, both of which have gone public through blank check companies in recent months.

On March 10, the SEC warned that SPACs face various risks and potential conflicts of interest. The agency particularly criticized those endorsed by celebrities and concluded that “celebrities, like anyone else, can be tricked into participating in a risky investment.”

For the time being, the special vehicles will remain on the lookout for destinations.

Jedidiah Yueh, executive director of Delphix, a data infrastructure company in Redwood City, California, heard the interest firsthand. Mr Yueh, who founded Delphix 13 years ago, said SPACs started reaching out last summer as his business picked up amid the pandemic. The company, which helps clients process and automate data, recently turned profitable and is a candidate for an IPO.

But Mr. Yueh said he had not decided whether Delphix would go public via a traditional offering or some other route such as “direct listing” or SPAC. While he’s sorted the options, SPACs have flooded his inbox with messages almost daily. A mailer was even sent to Delphix’s vacant office last year while everyone was working from home in the pandemic.

Mr. Yueh said he met with some SPACs out of curiosity. But he quickly got the feeling that sponsors were telling him what they thought they heard. When they found out that Delphix was profitable, “just shift gears and talk about how easy it is to work with you,” he said.

He said he stopped responding to cold pitches and created a can response to fend off others. The investors he’s met with aren’t the kind of long-term supporters Delphix wanted, he said. But alluding to the trend of prominent SPACs, he added, “I would have had a meeting with Shaq.”

Categories
Politics

Tom Reed Disputes Groping Allegation

New York Republican Representative Tom Reed on Friday denied the accuracy of a news report listing allegations made by a former lobbyist who said he inappropriately touched her during a political weekend trip in 2017.

The woman, Nicolette Davis, told the Washington Post that she was a 25-year-old lobbyist for the Aflac insurance company when Mr. Reed fingered her after a day ice fishing with donors, politicians and lobbyists in an Irish pub in Minneapolis. The congressman was drunk, she said, and while he was sitting at the bar, he put his hand on her back, untied her bra through her blouse, and ran his hand over her thigh before Ms. Davis asked the man next to her to intervene.

Reed, 49, who has served in the House of Representatives since 2010 and is currently considering running a New York gubernatorial run, declined to discuss the allegation with reporters at the Capitol on Friday. In a statement, he said that the “account of my actions is incorrect,” but he did not directly elaborate or deny the encounter. His spokesman did not respond to detailed follow-up questions, including the specific allegations that the congressman denied.

Ms. Davis, now a lieutenant in the Army, could not be reached. She told the Post that although she was a lifelong Democrat, her “conscience” and desire to set an example for others had led her to publicly share her story.

Jon A. Sullivan, a spokesman for Aflac, confirmed Friday that Ms. Davis sent a text message to one of her colleagues asking for “HELP” when Mr. Reed rubbed her back. She also reported the episode to another colleague shortly after it happened, he said.

“When this matter was reported to non-attending officers and colleagues, we immediately supported and advised Nicolette so that she could personally determine how to proceed to bring to light this deeply troubling experience.” he said in a statement emailed. “Aflac continues to support Nicolette 100 percent as we strongly condemn any form of abuse or harassment.”

The Post said Ms. Davis contacted the newspaper through her tip line in mid-February. The newspaper also spoke to a person who said they saw a visibly drunk Mr. Reed put his hand on Ms. Davis’ back and describe the report on condition of anonymity.

Ms. Davis also recently reported the incident to the Army, which referred him to the Minneapolis Police Department. Cynthia O Smith, an army spokeswoman, referred a reporter to the city police department who refused to comment.

Mr Reed told Fox News in February that he was “seriously” considering running for governor in 2022. He was an outspoken critic of Governor Andrew Cuomo, calling on the Democrats to resign or be charged with sexual allegations and harassment other wrongdoing. He called the governor’s behavior “disruptive and unacceptable”.

“I’ve been asked by many people to do this for months because I think they appreciate the way I rule,” Reed said in February ahead of the numerous harassment charges against Cuomo. “Don’t rule through arrogance, bullying like Governor Cuomo, but try to bring people together as proud Republicans.”

Mr. Reed is a former mayor of Corning, NY, who now represents a large rural district in the western part of the state, including Ithaca and parts of the Finger Lakes. As chairman of the bipartisan House Problem Solvers Caucus, Mr. Reed has built a reputation in Washington as a Republican middle of the street eager to work with Democrats on sensitive political issues.

He was a vocal advocate of sexual harassment training for members of Congress and their staff, and wrote a comment for the Huffington Post in 2014 to raise awareness about sexual assault.

Jennifer Steinhauer contributed to the reporting.