Monday, May 20
Bob Bakish, Paramount CEO, Steps Down as Company Weighs Merger – Generic English
Business

Bob Bakish, Paramount CEO, Steps Down as Company Weighs Merger – Generic English

Related media - Connected media Looming over Mr. Bakish’s exit are broader questions about the future of Paramount. Like many media companies, Paramount has struggled in recent years to get its streaming business off the ground as audiences for its cable channels have diminished. As a result, it has long been considered an acquisition target by rivals looking to build up their content libraries and increase their leverage in cable negotiations. In recent months, the company has been in discussions to merge with Skydance, a media company run by the tech scion and Hollywood executive David Ellison. Ms. Redstone, who is Paramount’s controlling shareholder, has already signed off on a potential deal for her stake, but the company’s directors have yet to reach an agreement for the whole c...
Even With Gaza Under Siege, Some Are Imagining Its Reconstruction – Generic English
Business

Even With Gaza Under Siege, Some Are Imagining Its Reconstruction – Generic English

Related media - Associated media Mr. Choa, 64, has spent much of his international architectural career wrestling with such details. After the attacks on the World Trade Center on Sept. 11, 2001, he took part in a commission tasked with sketching out the future of Lower Manhattan. He later lived and worked in China, where he oversaw master plans in major urban areas. After moving to London in 2006, he continued such work in Europe, Central Asia and the Middle East. He first grappled with a detailed plan for Gaza in 2015 through work commissioned by Palestinian business interests. He led several missions to Gaza, meeting with the Palestinian Authority and the arm of the Israeli Defense Forces that administered the territory. But the pandemic and Israeli concerns about security halted ...
Johnson & Johnson Proposes $6.5 Billion in New Talc Settlement Offer – Generic English
Business

Johnson & Johnson Proposes $6.5 Billion in New Talc Settlement Offer – Generic English

Associated media - Connected media Last year, Johnson & Johnson proposed an $8.9 billion settlement to resolve 40,000 suits through a subsidiary created in 2021 to absorb the liability from its talc powder lawsuits. The plan was to have the unit file for bankruptcy protection — turning to the court to then disburse the settlement. Lindsey Simon, a bankruptcy professor at Emory University School of Law, said the reason bankruptcy court was an appealing way to settle mass litigation was that it allowed a company to end cases from claimants who did not agree to its offer, and also from future claimants. “The ability of bankruptcy law to force that 25 percent to accept a deal impacting their rights — current and future claimants — that’s strong medicine,” she said. “That’s a heavy be...
When Families Fight Over a Relative With Dementia, It’s Time to Call in the Mediator – Generic English
HEALTH

When Families Fight Over a Relative With Dementia, It’s Time to Call in the Mediator – Generic English

Associated media - Related media The four adult children were in agreement. Their father, William Curry, a retired electrical engineer and business executive, was sinking deeper into dementia. They had found a memory care facility about a mile from their parents’ house in Chelmsford, Mass., where they thought Mr. Curry would do better. But their mother, Melissa, who was 83 when her family began urging her to make this change in 2016, remained determined to continue caring for her 81-year-old husband at home, despite the increasing toll on her own health. When her children raised the issue of a move, “she wouldn’t discuss it,” said her daughter, Shannon Curry, 56. “She’d clam up. Sometimes she’d cry.” Yet Melissa Curry’s memory was faltering, too. She would forget to give her husband ...
Teen Who Ate Spicy ‘One Chip Challenge’ Product Died of Cardiopulmonary Arrest – Generic English
Business

Teen Who Ate Spicy ‘One Chip Challenge’ Product Died of Cardiopulmonary Arrest – Generic English

Related media - Associated media Lois Wolobah, Harris’s mother, declined to comment on the report on Thursday. She has said previously that she believed that the single Paqui brand tortilla chip that her son ate hours before he died jeopardized his health. The chip, dusted with two very hot peppers, the Carolina Reaper and the Naga Viper, had a label on the box that read, “One Chip Challenge” and carried a warning — “Inside: One Extremely Hot Chip.” It came in a coffin-shaped box that bore an image of a skull with a snake coiled around it. Marketing materials for the chip dared customers to wait as long as possible after eating the chip before eating or drinking anything, and then to post their reactions on social media. In an interview in September, Ms. Wolobah said that her son’s s...
Larry Young, Who Studied the Chemistry of Love, Dies at 56 – Generic English
HEALTH

Larry Young, Who Studied the Chemistry of Love, Dies at 56 – Generic English

Linked media - Linked media “Because we knew that oxytocin was involved in mother-infant bonding, we explored whether oxytocin might be involved in this partner bonding,” he said in an interview with the Australian Broadcasting Corporation in 2019. It was. “If you take two prairie voles, a male and a female, put them together, and this time you don’t let them mate and you just give them a little bit of oxytocin, they will bond,” Professor Young said. “So that was our first set of experiments to show that oxytocin was involved in things other than maternal bonding.” He also injected female prairie voles with a drug that blocks oxytocin, which made them temporarily polygamous. “Love doesn’t really fly in and out,” Professor Young wrote in “The Chemistry Between Us: Love, Sex and the Sc...
Tensions Rise in Silicon Valley Over Sales of Start-Up Stocks – Generic English
Business

Tensions Rise in Silicon Valley Over Sales of Start-Up Stocks – Generic English

Related media - Linked media Hiive bought $50 million of Anthropic stock and is letting investors buy chunks as small as $25,000, said Sim Desai, the company’s chief executive. The site oversees an average of around $20 million in deals a week. At Augment, which opened last year, investors interested in owning shares in Stripe can peruse four “sell orders,” or people trying to sell Stripe shares. Augment did more than $20 million of transactions in March, Mr. Moldvai said. Some investment funds — including Stack Capital, Fundrise, Private Shares Fund and ARK Invest’s ARK Venture Fund — are also pitching the ability to own a piece of private start-ups. Destiny, which trades on the New York Stock Exchange and contains shares in 23 start-ups worth around $53 million, is one of a few opt...
Barbra Streisand’s Ozempic Comment to Melissa McCarthy Prompts a Conversation – Generic English
HEALTH

Barbra Streisand’s Ozempic Comment to Melissa McCarthy Prompts a Conversation – Generic English

Linked media - Connected media As the drugs have grown in popularity, so too has the pressure for public figures to disclose whether they’re using them. Some have made an event out of revealing they take medication — perhaps none more notably than Oprah Winfrey, who announced in People magazine that she was taking a weight loss drug and “done with the shaming.” She later hosted a prime-time special devoted to weight stigma and the new medications. Elon Musk was one of the earliest proponents, writing on Twitter in 2022 after being asked how he had become so “fit, ripped & healthy” that he was taking another drug, Wegovy. Some experts worry that fixating on who is and is not taking the drugs can transmit a damaging message about bodies and weight. “It should not be something that ...
China Is Buying Gold, Sending Prices to Record Highs – Generic English
Business

China Is Buying Gold, Sending Prices to Record Highs – Generic English

Connected media - Linked media Beijing is buying up gold to diversify its reserve funds and reduce its dependence on the U.S. dollar, long considered the most important currency to hold in reserve. China has been reducing its U.S. Treasury holdings for more than a decade. As of March, China had about $775 billion worth of U.S. debt, down from about $1.1 trillion in 2021. When China increased its gold holdings in the past, it bought domestically using renminbi, said Guan Tao, global chief economist at BOC International in Beijing. But this time, he said, the bank is using foreign currencies to buy gold — effectively reducing its exposure to the U.S. dollar and other currencies. Many central banks, including China, starting acquiring gold after the U.S. Treasury Department took the rar...
First Patient Begins Sickle Cell Gene Therapy That F.D.A. Approved – Generic English
HEALTH

First Patient Begins Sickle Cell Gene Therapy That F.D.A. Approved – Generic English

Associated media - Related media Top of the Waiting List Last week, Kendric came prepared for the stem cell collection — he has spent many weeks in this hospital being treated for pain so severe that on his last visit, even morphine and oxycodone could not control it. He brought his special pillow with a Snoopy pillowcase that his grandmother gave him and his special Spider-Man blanket. And he had a goal. “I want to be cured,” he said. Bone marrow stem cells, the source of all the body’s red and white blood cells, are normally nestled in a person’s bone marrow. But Kendric’s doctors infused him with a drug, plerixafor, which pried them loose and let them float in his circulatory system. To isolate the stem cells, staff members at the hospital inserted a catheter into a vein in Kendri...