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CNN Drops Rick Santorum After Dismissive Feedback About Native People

Rick Santorum, the former Pennsylvania senator and Republican presidential candidate, has been dropped from his role as a CNN political commentator amid controversy over recent remarks in which he seemed to erase the role of Native Americans in U.S. history.

Matt Dornic, head of strategic communications at CNN, confirmed in an email on Saturday that the network had “parted ways” with the former senator.

Mr. Santorum’s departure from CNN came after comments he made about Native Americans at a Young America’s Foundation event last month.

“We birthed a nation from nothing — I mean, there was nothing here,” Mr. Santorum said at the event. “I mean, yes, we have Native Americans, but candidly, there isn’t much Native American culture in American culture.”

Days after the event, Mr. Santorum walked back his comments on CNN’s “Cuomo Prime Time.”

“I misspoke,” Mr. Santorum told the program’s host, Chris Cuomo. “I was talking about the founding of our country. I had given a long talk about the Constitution, the Declaration of Independence and the ideas behind those, and that I was saying we sort of created that anew, if you will. And I was not trying to dismiss Native Americans.”

In a statement on Saturday, Mr. Santorum said: “When I signed on with CNN, I understood that I would be providing commentary that is not regularly heard by the typical CNN viewer. I greatly appreciate the opportunity CNN provided me over the past four years and I am committed to continuing the fight for our conservative principles and values.”

After Mr. Santorum’s comments were made public, many called for him to be dropped from the network, including Fawn R. Sharp, president of the National Congress of American Indians.

“It wasn’t a matter of if, but when,” Ms. Sharp said on Twitter on Saturday after Mr. Santorum’s departure from CNN was reported. “Justice is served.”

The National Congress of American Indians did not immediately respond to a request for comment on Saturday.

Before Mr. Santorum’s departure, Ms. Sharp said in a letter dated April 26 that any media organization should fire him or face a boycott from more than 500 tribal nations.

“Rick Santorum is an unhinged and embarrassing racist who disgraces CNN and any other media company that provides him a platform,” Ms. Sharp wrote in the letter. “Do you stand with white supremacists justifying Native American genocide, or do you stand with Native Americans?”

After Mr. Santorum’s comments in April, the Native American Journalists Association also called on CNN to dismiss the former senator and urged its members to avoid working with the network.

“With a lack of accountability or ethics around multiple racist and insensitive comments from CNN staff, the Native American Journalists Association urges its members to avoid working with the network to avoid harassment and racism,” the association said in a statement. “NAJA also calls on advertisers, funders and journalism diversity organizations to withdraw their support from CNN indefinitely.”

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Aerion Supersonic shuts down, ending plans for silent enterprise jets

Artist’s drawing of a supersonic jet designed for speeds up to Mach 1.4, or approximately 1,000 miles per hour.

Aerion Corporation

Aerion Supersonic, the Nevada-based company that wanted to build business jets that can silently fly almost twice as fast as commercial aircraft, is being shut down, CNBC confirmed on Friday.

“In the current financial environment, it has proven extremely difficult to meet the planned and necessary large new capital requirements,” the company said in a statement to begin production of its AS2 supersonic jet.

“Aerion Corporation is now taking the appropriate steps to accommodate this ongoing financial environment,” the company said.

Florida Today first reported on the company’s abrupt shutdown.

Aerion wanted to fly its first AS2 jet by 2024, with the goal of entering commercial service by 2026. The company developed a patented technology called “Boomless Cruise” that would allow AS2 to fly without generating a sonic boom – a problem that plagued supersonic Concorde jets of the past.

The AS2 was priced at $ 120 million per jet. Aerion CEO Tom Vice said at a UBS conference in January 2020 that he expected AS2 development to cost the company approximately $ 4 billion, with $ 1 billion to develop an engine at this point had been issued.

The company had entered into several partnerships along the way – including with NetJets from Boeing, General Electric and Berkshire Hathaway – and achieved sales of $ 11.2 billion for its AS2 jets. Earlier this year, Aerion announced in a press conference with Florida Governor Ron DeSantis that a $ 375 million manufacturing facility would be built at Orlando Melbourne International Airport.

An Aerion spokesperson did not respond to requests for comment on what will happen to Aerion’s assets.

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Will NFTs Remodel Tattoos Into Bankable Artwork?

Top tattoo artists are in great demand. Her work is displayed on some of the most visible properties in the world: LeBron James’ shoulders, Scarlett Johansson’s back, Post Malone’s face.

However, you cannot hang tattoos in a gallery or auction them off at Sotheby’s. They live and die (unless previously removed) with their owner. It also means that the most sought-after tattoo artists are still paid by the hour, just like many during their training who adorned the biceps of sailors and bikers.

Artists generally don’t get paid by the hour, said Scott Campbell, 44, a Los Angeles tattoo artist who inked Robert Downey Jr., Jennifer Aniston and Marc Jacobs. “Musicians don’t get paid for how long it takes to create a song. You would never go into a gallery and think, “How long did it take the artist to paint it? I’ll pay him for his time. ‘”

Mr. Campbell, who works with fellow tattoo artists like Mark Machado (known as Mr. Cartoon) and Brian Woo (Dr. Woo), wants to change that equation.

This week, Mr. Campbell is opening All Our Best online marketplace, where tattoo artists can offer their designs as permanent, tradable goods in the form of NFTs.

To update: An NFT, which stands for non-fungible token, is basically a digital authenticity stamp that, like cryptocurrency, can be bought, sold or traded on a blockchain. This is a far cry from the tattoo world, where the stars of the field cap their earnings at around $ 1,000 an hour for a one to three hour session, even when working on Hollywood stars.

In this new marketplace, customers acquire exclusive rights to the design of the tattoo, not the tattoo itself. “I’m selling you an idea instead of hours of my life,” said Mr. Campbell, who has blurred the line between tattoo and fine art for years and showing his tattoo-inspired sculptures and paintings at galleries and art fairs. “The NFT is basically a digital baseball card.”

As a benefit of ownership, buyers get a guaranteed spot at the tattoo artist – no small matter as it can be nearly impossible to book top tattoo artists for those outside of the celebrity orbit.

But this is not absolutely necessary. Some owners may choose to keep their skin virgin.

In theory, NFT tattoo owners could even hire another tattoo artist to apply the ink while still claiming the work as a family tree original. (Copying tattoos without the artist’s permission is a common problem.)

To begin with, All Our Best will only feature a handful of well-known artists: Mr. Campbell, Mr. Cartoon, Dr. Woo, Grime, Sean from Texas and Tati Compton. Mr. Campbell plans to expand the list and eventually open the marketplace for any tattoo artist to sell work.

He’s not the only tattoo artist who sees an opportunity in blockchain. For example, an artist in Portland, Me., Named Brad Wooten, sells photos of digitally designed tattoos as NFTs.

The earning potential is considerable. Prices for the first round of NFT tattoos on All Our Best range from $ 1,000 to $ 10,000. Blockchain technology also enables artists to charge a 10 percent license fee every time a work is resold.

Customers can also benefit when the work increases in value, as opposed to the current setup where “the only thing they get out of the business is an Instagram post and some boastful rights,” Campbell said. “They actually have something to keep and pass on to their children, that has a life that is not just what will be sunburned and hazy 10 years from now.”

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Virgin Galactic completes third spaceflight of VSS Unity

Sir Richard Branson stands on the floor of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019.

Richard Branson Virgin Galactic IPO NYSE

Virgin Galactic took a step closer to completing development of its space tourism system on Saturday, successfully flying its first spaceflight in more than two years.

The company’s spacecraft, named VSS Unity, was carried up to an altitude of about 44,000 feet by a carrier aircraft called VMS Eve. The aircraft then released the spacecraft, which fired its rocket engine and accelerated to more than three times the speed of sound.

After performing a slow backflip in microgravity at the edge of space, Unity returned through the atmosphere in a glide, landing back at the runway of Spaceport America in New Mexico that it took off from earlier.

“Now in space,” the company tweeted during the flight.

Pilots C.J. Sturckow and Dave Mackay flew Unity. The pair have previously flown to space, as well as fellow Virgin Galactic pilots Michael “Sooch” Masucci and Mark Stucky and chief astronaut trainer Beth Moses, who have each been given astronaut wings after the company’s first two spaceflights.

The U.S. officially consider pilots who have flown above 80 kilometers to be astronauts. 

Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve.

Virgin Galactic

Virgin Galactic’s spacecraft Unity is designed to hold up to six passengers along with the two pilots. The company has about 600 reservations for tickets on future flights, sold at prices between $200,000 and $250,000 each.

The spaceflight is the company’s first since February 2019, and its third to date. Virgin Galactic flew two spaceflight tests from its development facility in California’s Mojave Desert, before moving to its operational base in New Mexico. The company expected to clear some or all of its remaining Federal Aviation Administration milestones with this flight, setting it up to receive a key license needed to conduct regular spaceflights.

Unity also carried NASA-funded payloads on this mission, under the agency’s Flight Opportunities program.

Shares of Virgin Galactic climbed 22% over the past two days of trading after the company announced plans for the spaceflight test, avoiding a possible maintenance issue that threatened to delay the flight.

The spaceflight is one of four remaining for Virgin Galactic to finish development of its SpaceShipTwo rocket system. The second spaceflight test will carry four passengers to test the spacecraft’s cabin, while the third test is planned to fly founder Sir Richard Branson.

The company’s test flight program has been delayed substantially over the past few months. Saturday’s spaceflight was a redo of a December attempt that was cut short by an an electromagnetic interference issue, and the company’s promised beginning of commercial service has been pushed back from mid-2020 to early 2022.

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Pakistan’s Personal Vaccinations Draw Criticism

ISLAMABAD, Pakistan – Coronavirus penetrated Pakistan and Muhammad Nasir Chaudhry was concerned. Long lines and scarce supplies plagued the government’s free vaccination campaign. The newspapers were filled with reports of well-connected people jumping in for a free dose.

Then Mr. Chaudhry, a 35-year-old government adviser, discovered that he could pay to skip the long lines himself. He signed up to take two doses of the Russia-made Sputnik V vaccine for about $ 80 from a private hospital. That’s a lot of money in a country where the average worker makes about $ 110 a month, but Mr. Chaudhry was ready to make the commitment.

Critics have attacked such private sales in Pakistan and around the world, claiming that they only make vaccinations available to the rich. But in Pakistan, as elsewhere, scarce supplies have hampered these efforts. The private hospitals are no longer serviced and Mr Chaudhry has still not been vaccinated.

“I’m willing to pay double the price for the vaccine, but I don’t want to keep waiting,” said Chaudhry.

Access to the coronavirus vaccine has shed a lot of light on global inequality. The United States and other rich countries have bought up most of the world’s vaccine supplies to protect their own people and stored millions of doses and left them in places unused. Less developed countries fight over what is left.

To speed up vaccination, some countries have allowed private sales of cans. However, these campaigns have been troubled by supply issues and complaints that merely reflect global differences.

“The Pakistani example is a microcosm of what went wrong with the global response – where prosperity alone has primarily shaped access,” said Zain Rizvi, drug access expert at Public Citizen, a Washington advocacy group. DC, in an email. “To end the pandemic, the world community needs to do a lot more than just that.”

India is selling vaccines to private hospitals, although they are looking for supplies now that the pandemic is so severe there. Kenya approved and then blocked private sales over fears that counterfeit vaccines would be sold. In the United States, some well-connected companies like Bloomberg have secured cans for employees.

Indonesia on Tuesday allowed companies to buy vaccines from the government to vaccinate employees and family members for free. The only vaccine approved for this program to date is a Sinopharm vaccine.

Pakistan says the private program could provide more free footage to low-income people. By buying doses of the Russia-made Sputnik 5 vaccine, the country’s rich would not have to get the free doses made by Sinopharm of China. Some people would prefer to get vaccinated in a private hospital as it is widely believed that they are comparatively better organized and more efficient than overburdened government facilities.

Pakistan’s demand is growing. The country of nearly 220 million people reports more than 2,500 new infections daily, but the low testing rate suggests that many more cases go undetected. The government has tightened restrictions and restricted public gatherings.

However, the government’s vaccination campaign has been slow. It has started giving doses to people over 40 this month. Younger people may have to wait several months.

This is due to the scarce global supplies, said Chaudhry Fawad Hussain, Pakistan’s information minister. In addition to the Sputnik and Sinopharm vaccines, Pakistan received 1.3 million doses of the AstraZeneca vaccine earlier this month from Covax, the international organization that promotes vaccination, and is expected to receive 3.5 million doses of the Sinovac vaccine from China by the end of May .

Updated

May 22, 2021, 11:55 a.m. ET

Private sales sparked a fiery debate in a country where the economy has stalled from the pandemic and long-standing problems such as lack of foreign investment and high national debt. Critics say the decision will deepen divisions within the country, where much of society lives below the poverty line.

“The government did not think about the suffering of the poor while allowing importers to sell the vaccine,” said Dr. Mirza Ali Azhar, a director of the Pakistan Medical Association, the nationwide medical professional organization. “Such discriminatory policies will increase feelings of disadvantage among poor young people, especially those with weak immune systems.”

Information minister, Mr Chaudhry, downplayed the pricing problem, saying that private vaccines could not respond to public needs anyway.

The initiative has encountered another problem: hospitals cannot find vaccines for sale. The demand was strong. The government sets a price cap but has been embroiled in a dispute with private importers over how much that should be.

Long lines formed in Karachi city in April when two private hospitals began selling the Sputnik V vaccine to walk-ins. Private hospitals in Islamabad, the capital, and Lahore faced a similar onslaught of people and were in short supply within days. Hospitals in major cities have stopped taking walk-ins and online registration has also been suspended.

Sputnik V isn’t the only vaccine the government is selling privately. A one-time shot of CanSino Biologics from China costs around $ 28. Demand was weaker due to greater public confidence in the Russian vaccine. Even so, supplies quickly sold out after the CanSino cans went on sale last month. The government has announced that another 13.2 million cans will arrive in June.

AGP Limited, a private pharmaceutical company that has imported 50,000 doses of Sputnik, urges patience.

“Sputnik V received an overwhelming response in Pakistan: thousands of people were vaccinated in a matter of days, and an even higher number of registrations were confirmed in hospitals across Pakistan,” said Umair Mukhtar, a senior official at AGP Limited. He said the company had placed large orders for more.

The state price dispute could delay further expansion. The Medicines Agency wants Sputnik V to be sold at a lower price. AGP received an injunction to sell the vaccine on April 1, pending a final price.

For those who can afford the cans, frustration grows. Junaid Jahangir, an Islamabad-based lawyer, said several of his friends had been given private vaccinations. He registered with a private laboratory for Sputnik V, but later received a text message stating that the vaccination campaign had been interrupted.

“I will be denied a fair chance to fight this virus if I get infected,” Jahangir said. “The demand is there and I don’t see what could possibly be the reason for the inefficiency of the supply.”

Some of the people who paid for private cans based their decision on media reports that some well-connected people jumped the line to get free public cans. In May, Lahore authorities suspended at least 18 low-ranking health workers for vaccinating people after accepting out of line bribes.

Actor and talk show host Iffat Omar publicly apologized in April for being ahead of the curve to get the vaccine. “I’m sorry,” she said on Twitter. “I am ashamed. I apologize with all my heart. I will repent.”

Fiza Batool Gilani, an entrepreneur and daughter of Yusuf Raza Gilani, the former prime minister, said she knows several young people who have queued and received the free government vaccine in recent weeks.

“I was offered a free vaccine myself, but declined because I wanted to get the private vaccine,” said Ms. Gilani. Wealthy people should pay for their cans, she said, adding that for CanSino shots, her family would pay for housekeeping.

Many people like Tehmina Sadaf don’t have this option.

Ms. Sadaf, 35, lives with her husband and a seven-year-old son in a working-class neighborhood on the outskirts of Islamabad. Her husband is a clergyman in a mosque. She teaches Koran to young children. She said the pandemic had a negative impact on family income by around $ 128 a month. “After we pay the rent and the electricity bill, we don’t have much choice,” she said.

She had her doubts about the public vaccine, “but the price of the private vaccine is very high,” she said. “It should have been lower so that poor people like us could also afford it.”

Zia ur-Rehman reported from Karachi, Pakistan. Richard C. Paddock and Muktita Suhartono contributed to the coverage.

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Luceo Sports activities searching for $5 million funding for growth

Team LeBron head coach Quin Snyder trains during the 70th NBA All Star game as part of the NBA All Star Weekend 2021 on March 7, 2021 at State Farm Arena in Atlanta, Georgia.

Jesse D. Garrabrant | National Basketball Association | Getty Images

Luceo Sports, a software company that digitizes and animates sports betting, is looking for investors to expand its business. The company is based in Arizona and has already entered into agreements with professional basketball clubs that use the product.

In an interview with CNBC, Andy Graham, founder and CEO of Luceo, said he was looking for approximately $ 5 million to invest in sales and marketing. With Luceo’s software, teams can insert their game books and terminology and then convert drawings into motion graphics.

“It makes it a game animation so you get that sequence and timing instead of just a picture,” said Graham.

He added Luceo could help younger athletes learn game books faster, and teams could also distribute them to newly acquired players. For example, if a National Basketball Association team makes a mid-season deal, a team using Luceo can quickly create a login and give the player access to digital game books.

“We are focused on the educational aspect of the game,” said Graham. “And we remember that trainers are teachers and try to teach them good educational technology so they can create explanations to reach today’s digital learners.”

The Rosetta Stone of Sport

37-year-old Graham started Luceo in 2016 after spending time with data analytics company Synergy Sports and software company FastModel, which also makes money digitizing pro playbooks. He left FastModel in 2014 after discovering a niche in the market.

“I realized how much technology had advanced in those years (at FastModel) and I wanted to be a part of it all,” said Graham. “Ed-tech, a market that has exploded in the last few decades, and sports at all levels are just a learning and development activity.”

Luceo is a software-as-a-service company, and the company makes money on subscription, ancillary service, and transaction fees. Subscriptions are only $ 2 per month for users, while the premium Professional package is $ 15 per month. The program has an app. However, registrations are only possible through the website to avoid the fees Apple charges for digital subscriptions.

When asked about subscribers, Graham declined to give details, but added that there are around 150,000 people in the company’s “ecosystem”. Hence people who know Luceo and have access to him. The company has agreements with 11 NBA clubs, including the Utah Jazz and three college teams.

Graham also did not disclose any income. He said pro clubs usually sign annual contracts and Luceo targets everyday consumers with subscription pricing. The plan is to attract Generation Z users (ages 6 to 24) and their parents as this population group grows up in a more digitized learning environment. One of the features Graham highlighted is a playoff within the program. The activity allows athletes to use a team’s playbook to practice what to do in critical game situations.

Graham called Luceo the Rosetta Stone – popular language learning software – of sport.

“The most comprehensive digital learning platform for sport,” he said. “The more children feel that they understand the sport, or that fans understand it, or parents, the more likely they are to get involved.”

Targeting the NFL

While at Synergy, Graham said he had improved his product design and business development skills, adding that the insight “is fundamental to what I think of now”. The lessons will be essential to Luceo as the competition is fierce. According to Grand View Research, the ed-tech market is projected to reach $ 377 billion by 2028. Here, too, FastModel is a competitor and is already used by numerous basketball scouts.

The National Football League could support Luceo’s future growth. With its software, Luceo positions itself as a target group for professional football clubs and is currently working on digitized and animated football match books. Graham said he would start small and pursue high schools and college programs first.

Andrew Graham, Luceo Sports

Source: Luceo Sports

“That’s where we go,” said Graham when he finally chased the NFL business.

Luceo is gaining traction in sports and has been featured on NBATV. Sacramento Kings deputy head coach Alvin Gentry is also a supporter of the software. To take the next step, Graham needs to convince investors of Luceo’s potential. It won’t be easy, but Graham says it’s part of the “fun challenge” of running a business.

When asked to provide a brief overview of Luceo, Graham said, “I’ve already built a business that teams in the NBA and NCAA use twice. (Luceo) started small and has been up to for the past five years grown to that point, “he added. “But I have faith in the needs of the market. I know how this business works.”

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Why Is Hiring Onerous Proper Now?

Sensible theories tell us that unemployment insurance levels could reduce workers’ job search intensity, but well-done studies found that wasn’t really the case in 2020. Demand may be rising faster than supply but things are changing fast, systematic data is slow, and so anyone who tells you they know exactly what’s happening in America broadly now is wrong.

What else is going on here?

Assuming employed, essential workers were more likely to get vaccinated earlier, the non-vaccinated rate is substantially higher for working-age Americans who are not working. My analysis of census data shows that, in January through March, for every 10 percent of working-age people vaccinated, about 1 percent more became employed. Our working-age employment rate remains about three percentage points down from February 2020. If this relationship continued to hold as we vaccinate the next 30 percent of working-age Americans, the remaining employment gap could close. It’s not that simple, but I do think that it suggests that public health remains the first-order issue.

For employers with some flexibility in setting wages, they may not raise wage offers to new hires because internal equity then pressures for raises to incumbents and that reduces their profit. These employers will feel like they want to hire, but not so much that they will raise wage offers enough to attract candidates. They will cry about labor shortages but not compete hard.

What can companies do to attract workers?

First, make the job better. Improve wages, benefits, training, safety and respect. Ensure every supervisor treats employees with respect. Are any consistently experiencing higher turnover in their unit?

Second, promote public health by taking coronavirus precautions. This will help everyone and reassure workers who’ve stayed out of the labor market due to health concerns.

Third, be more transparent about what the job offers. Many managers post vague job openings in order to preserve their bargaining flexibility, so they can make a tailored offer after learning about a specific candidate’s circumstances. However, vague vacancy descriptions can lead to two kinds of expensive errors. First, some people who would be a good fit don’t apply because they can’t recognize that the job would be a good fit. Second, people who would not be a good fit apply because the ad is not clear and then the manager has to waste time interfacing with them.

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Gwyneth Paltrow’s Goop threatened with shutdown within the UK

LONDON – Gwyneth Paltrow’s company Goop has been warned that UK operations may be shut down after accounts are not filed.

According to Goops’ page on Companies House, a registrar for companies in the UK, the company’s accounts are overdue.

Companies House issued a second “mandatory strike” notice in April warning one company that it could be removed from the UK register and dissolved two months after the notice.

However, according to Companies House, Goop’s strike process was suspended last week to allow more time to file its accounts. Goop received a strike notification for the first time in 2019, but it was also suspended. The accounts were audited in July 2020.

A Goop rep was not immediately available for comment when contacted by CNBC.

Paltrow founded Goop in 2008 but registered it as a UK company in 2011 when she lived in England with her ex-husband, Coldplay lead singer Chris Martin. According to the New York Times, the latest public valuation in 2018 was $ 250 million.

Goop is also facing a US lawsuit by a man in Texas who alleged the brand’s vagina-scented candle “exploded” after being burned for a few hours.

NBC News reported earlier this week that Colby Watson filed a class action lawsuit on Monday. Watson allegedly said he bought a $ 75 “This Smells Like My Vagina” candle from the Goop website in January, but after lighting it for the first time and burning it for three hours a month later, it “exploded” allegedly and was “engulfed” in high flames. ”

The candle has a warning advising users not to burn it for more than two hours. This can be seen from the listing on the Goop website.

A Goop spokesperson told NBC News that Watson’s claim was “frivolous”.

This isn’t the first lawsuit Goop faced after settling a $ 145,000 case in 2018 over health claims regarding vaginal jade egg use.

The Hollywood star’s brand has faced other criticisms of its health and “wellness” claims.

Last year, UK National Health Service CEO Simon Stevens said Paltrow’s Netflix show “The Goop Lab” was promoting “dodgy wellness products and shady practices.”

He argued that Paltrow’s brand “sells psychological vampire repellants, chemical sunscreen is a bad idea, and promotes colonic irrigation and DIY coffee enema machines even though they pose significant health risks.”

A spokeswoman for Goop told the BBC at the time that it was “transparent when we cover emerging issues that may not be backed by science or are in the early stages of review”.

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Discovery and AT&T: How a Big Media Deal Was Performed

Deals are rarely smooth, and an anomaly with Discovery’s share price dovetailed with the negotiations. Discovery’s stock began to inexplicably rocket in February and March to $75 from $45 because of a convoluted trading scandal involving Archegos, a little-known private investment firm that bet big on Discovery and other companies via derivatives using billions in borrowed money.

With banks forced to buy shares to hedge their spiraling exposure to Archegos, Discovery’s market value jumped nearly 60 percent, for no obvious reason to outsiders. But by May, the stock had returned to where it was during Mr. Zaslav’s initial approach, and the two sides ultimately forged a deal that gave 71 percent of the new company to AT&T shareholders and 29 percent to Discovery.

Now, the trick was closing it before word could leak out.

One awkward conversation awaiting Mr. Stankey was with Jason Kilar, the former chief of Hulu tapped by AT&T, with great fanfare, just a year earlier to lead WarnerMedia. To mark the occasion of his first anniversary on the job, Mr. Kilar had agreed — with AT&T’s blessing — to be profiled by The Wall Street Journal. He invited a reporter in late April to interview him on the Warner Bros. lot in Burbank, Calif., unaware that across the country, his colleagues were feverishly working to close the deal.

At some point during the week of May 3, Mr. Stankey dropped the bomb: He informed Mr. Kilar that the company would soon change hands, and it was unclear what Mr. Kilar’s role might be. The 2,600-word Journal profile of Mr. Kilar, which included a quote from Mr. Stankey, was published on May 14, three days before the deal was announced.

Usually a cheerful presence on Twitter, Mr. Kilar didn’t bother sharing the article with his 37,000 followers. By the weekend, Mr. Kilar had retained the entertainment power lawyer Allen Grubman to start negotiating his exit.

A little after 7 a.m. on Sunday, Mr. Zaslav boarded a corporate jet at a small airport on the East End of Long Island, not far from his home, to head to AT&T’s Dallas headquarters to put the finishing touches on the deal. But just over an hour into the flight, word got out through Bloomberg’s black-and-orange terminal screens: “AT&T is in talks to combine content assets with Discovery.”

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Massive week of earnings with Snowflake and Toll Brothers reporting

CNBC’s Jim Cramer is eager to begin focusing back on the stock market, but the cryptocurrency craze is still capturing Wall Street’s attention.

He expects that bitcoin and other speculative coins will continue to be top of mind, and the big declines being witnessed in crypto markets will drag on stocks. This could create buying opportunities for investors in stocks as another packed week of earnings rolls through.

“All in all, this is a historically slow week, but there are enough new companies reporting that it’s now jam-packed,” Cramer, discussing his game plan for next week, said on “Mad Money” Friday.

The week ahead will close out trading for the month. With the exception of the Dow Jones Industrial Average, the major U.S. indexes are down month to date. The tech-heavy Nasdaq Composite is down 3.5% in May, while the S&P 500 has lost 0.6% over that time period. The Dow is up about 1% in May.

Cramer gave viewers a preview of the upcoming corporate earnings reports he has circled on his calendar.

“Maybe, just maybe, that can overshadow bitcoin, as long as Elon Musk can keep his mouth shut about crypto,” he said.

Projections for revenue and earnings per share are based on FactSet estimates:

Monday: Lordstown Motors earnings

Lordstown Motors

  • Q1 2021 earnings release: after market; conference call: 4:30 p.m.
  • Projected losses per share: 28 cents
  • Projected revenue: $0

“Right now, this market despises all the pre-revenue SPAC plays because they burned people so badly over the last few months,” Cramer said. “Lordstown’s stock’s down roughly 70% from its highs. I don’t know how they can get their mojo back, but, you know, maybe they’ll surprise me.”

Tuesday: Autozone, Intuit, Toll Brothers earnings

Autozone

  • Fiscal Q3 2021 earnings release: before market; conference call: 10 a.m.
  • Projected EPS: $20.13
  • Projected revenue: $3.27 billion

“This is a very reliable company, so you can get in the zone both before and after earnings,” Cramer said.

Intuit

  • Fiscal Q3 2021 earnings release: after market; conference call: 4:30 p.m.
  • Projected EPS: $6.51
  • Projected revenue: $4.42 billion

“Intuit’s stock hit an all-time high today,” he said. “I don’t think that’s going to deter buyers.”

Toll Brothers

  • Fiscal Q2 2021 earnings release: after market; conference call: Wednesday, 8:30 a.m.
  • Projected EPS: 80 cents
  • Projected revenue: $1.78 billion

“If Toll tells a story of strong orders and … expanding gross margins, I think the stock can get its groove back,” the host said. “But everything has to be perfect, including assurances from management that lumber and appliance costs are indeed under control.”

Wednesday: Dick’s Sporting Goods, American Eagle Outfitters, Williams-Sonoma, Nvidia, Snowflake, Okta, Workday earnings

Dick’s Sporting Goods

  • Q1 2021 earnings release: before market; conference call: Wednesday, 8:30 a.m.
  • Projected EPS: $1.16
  • Projected revenue: $2.2 billion

“I bet they deliver astounding numbers because all sorts of sporting goods are in short supply as Americans venture outdoors en masse,” Cramer said.

American Eagle Outfitters

  • Q1 2021 earnings release: 4:15 p.m.; conference call: 4:30 p.m.
  • Projected EPS: 46 cents
  • Projected revenue: $1.02 billion

“I think we could see similar strength from American Eagle, as it’s currently the hottest apparel chain on earth,” he said.

Williams-Sonoma

  • Q1 2021 earnings release: after market; conference call: 5 p.m.
  • Projected EPS: $1.72
  • Projected revenue: $1.5 billion

“I expect great numbers, but it’s been tagged as a stay-at-home stock of late, which is the kiss of death in this post-pandemic market,” the host said.

Nvidia

  • Fiscal Q1 2022 earnings release: after market; conference call: 5 p.m.
  • Projected EPS: $3.28
  • Projected revenue: $5.39 billion

“I think the chipmaker has a lot going for it, but I still want to hear how confident they feel about getting regulatory permission for the Arm Holdings acquisition,” he said.

Snowflake

  • Fiscal Q1 2022 earnings release: after market; conference call: 5 p.m.
  • Projected losses per share: 16 cents
  • Projected revenue: $360 million

Okta

  • Fiscal Q1 2022 earnings release: after market; conference call: 5 p.m.
  • Projected losses per share: 12 cents
  • Projected revenue: $309 million

“They’re two of the fastest-growing companies on earth,” Cramer said. “I expect great numbers from both, but you should only buy them if you think this market will change its attitude toward high-flying growth names that don’t trade on earnings — they trade on sales.”

Workday

  • Fiscal Q1 2022 earnings release: after market; conference call: 4:30 p.m.
  • Projected EPS: 73 cents
  • Projected revenue: $1.16 billion

“Workday should deliver still one more stunning quarter as they use cloud-software to automate back-office jobs in human resources and finance,” he said.

Thursday: Best Buy, Dollar General, Dollar Tree, Medtronic, Gap, Ulta Beauty, Costco, Salesforce, Dell earnings

Best Buy

  • Fiscal Q1 earnings release: 7 a.m.; conference call: 8 a.m.
  • Projected EPS: $1.36
  • Projected revenue: $10.32 billion

Dollar General

  • Fiscal Q1 earnings release: TBD; conference call: 10 a.m.
  • Projected EPS: $2.13
  • Projected revenue: $8.16 billion

Dollar Tree

  • Q1 2021 earnings release: TBD; conference call: 5 p.m.
  • Projected EPS: $1.40
  • Projected revenue: $6.4 billion

“I like all three and think they’re good stimulus plays, but their stocks have become awfully controversial and I don’t really care for controversy,” Cramer said. “There are easier ways to make money.”

Medtronic

  • Fiscal Q4 2021 earnings release: 6:45 a.m.; conference call: 8 a.m.
  • Projected EPS: $1.42
  • Projected revenue: $8.14 billion

“I bet they report a stellar number because its medical devices are being installed in record numbers post-pandemic,” he said. “There’s a lot of pent-up demand from people who delayed surgery until they could get vaccinated.”

Gap

  • Q1 earnings release: 4:15 p.m.; conference call: 5 p.m.
  • Projected losses per share: 6 cents
  • Projected revenue: $3.41 billion

“Gap is very much back, something you can tell if you visit their stores: crisp, clean and reasonable prices,” the host said.

Ulta Beauty

  • Q1 2021 earnings release: after market; conference call: 4:30 p.m.
  • Projected EPS: $1.95
  • Projected revenue: $1.65 billion

“Ulta’s a big winner once everyone can take their masks off,” he said.

Costco

  • Fiscal Q3 2021 earnings release: 4:15 p.m.; conference call: 5 p.m.
  • Projected EPS: $2.31
  • Projected revenue: $43.64 billion

“Costco has a tendency to run up into the quarter and then sell off immediately even if the numbers are great. Doesn’t matter what they print,” Cramer said. “I love Costco the store, I love Costco the stock … but you don’t want to buy it until after you see the results — let this one come to you.”

Salesforce

  • Fiscal Q1 2022 earnings release: after market; conference call: 5 p.m.
  • Projected EPS: 88 cents
  • Projected revenue: $5.89 billion

“Salesforce reported a barnburner last time and nobody seemed to care, maybe because they still need to close the Slack acquisition,” he said.

Dell

  • Q1 2022 earnings release: 5:30 p.m.; conference call: 5:30 p.m.
  • Projected EPS: $1.71
  • Projected revenue: $23.80 billion

“You can buy it ahead of time because [CEO] Michael Dell’s going to tell a fantastic story,” the host said. “I bet they’ll have a terrific quarter.”

Friday: Big Lots, Hibbett Sports earnings

Big Lots

  • Fiscal Q1 2021 earnings release: TBD; conference call: 8 a.m.
  • Projected EPS: $1.69
  • Projected revenue: $1.54 billion

Hibbett Sports

  • Q1 2022 earnings release: after market; conference call: 5 p.m.
  • Projected EPS: $2.56
  • Projected revenue: $404 million

“I’m betting both will be terrific,” Cramer said.

Disclosure: Cramer’s charitable trust owns shares of Salesforce, Nvidia and Costco.

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