
Trump's tariff threat a grim reminder of turbulent trade in first administrationNEW YORK--(BUSINESS WIRE)--Nov 26, 2024-- BlackRock, Inc. (NYSE:BLK) today announced that Martin S. Small, Chief Financial Officer, is scheduled to speak at the 2024 Goldman Sachs US Financial Services Conference on December 10 th, 2024, beginning at approximately 2:20 p.m. ET. A live webcast will be accessible via the “Investor Relations” section of BlackRock’s website, www.blackrock.com . A replay of the webcast will be available within 24 hours of the presentation and will remain accessible through the Company’s website for three months. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate View source version on businesswire.com : https://www.businesswire.com/news/home/20241126954913/en/ CONTACT: Investor Relations Caroline Rodda 212-810-3442 caroline.rodda@blackrock.comMedia Relations Patrick Scanlan 212-810-3622 patrick.scanlan@blackrock.com KEYWORD: UNITED STATES NORTH AMERICA NEW YORK INDUSTRY KEYWORD: FINANCE CONSULTING BANKING PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES SOURCE: BlackRock Copyright Business Wire 2024. PUB: 11/26/2024 03:00 PM/DISC: 11/26/2024 03:01 PM http://www.businesswire.com/news/home/20241126954913/enLAS VEGAS — With a restructuring at Andretti Global that pushed Michael Andretti into a smaller role, the chances of his organization landing a Formula 1 team have substantially increased. So much so that F1 and Formula One Management could have a decision to grant the General Motors-backed entry a spot as the 11th team on the grid in the coming weeks. Dan Towriss, now the majority owner of the Andretti organization, was at the Las Vegas Grand Prix on Thursday scoping his chances of entering the top motorsports series in the world. So was the FBI, allegedly, as part of a Department of Justice investigation into why F1 denied the Andretti organization expansion into the series. F1 currently has 10 teams that field 20 cars and only one — the organization owned by California businessman Gene Haas — is an American team. Las Vegas marks the third race this season in the United States, more than any other country, as F1 has exploded in American popularity over the last five years. Even so, Andretti could not get approval from F1 to enter the series. But, the situation changed in September when Andretti scaled back his role with his namesake organization. Now with Towriss in charge, talks have amplified, even though it is not clear what the name of an Andretti-less F1 team would even be. Cadillac would do the engines — but says it won't be ready until 2028 — which means a 2026 Towriss-led F1 team would be GM branded but with a partner engine supplier. Most of the existing teams have been largely opposed to an 11th team entering F1, citing a dilution in prize money and the massive expenses they've already committed to the series. But, Andretti among others believed the teams' position was personal in that they simply didn't like Andretti, who ran 13 races in the 1993 season. His father, Mario, is the 1978 F1 world champion. The Andretti application had already been approved by the FIA, which is F1's ruling body, but later denied by F1 itself. F1 promised to revisit the issue once General Motors had an engine ready to compete. The existing 10 F1 teams have no actual vote or say in if the grid is expanded, which Mercedes boss Toto Wolff reiterated Thursday when The Associated Press asked why the sudden chance of acceptance in a potential 11th team. "We have an obligation, a statutory obligation as directors, to present the standpoint that is the best for our company and for our employees, and we've done that," Wolff said. "I think if a team can add to the championship, particularly if GM decides to come in as a team owner, that is a different story. "And as long as it is creative, that means we're growing the popularity of the sport, we're growing the revenue of the sport, then no team will be ever against it. So I'm putting my hope in there." Wolff has been eager to hear from Towriss directly on what the plans for the organization are now that Andretti has a smaller role. "No one from Andretti or Andretti Global or whatever the name will be has ever spoken to me a single sentence in presentation of what the creative part is," he said. "But they don't need to because the teams don't decide. It is the commercial rights holder, with the FIA, we have no say. If I want to be invited to a party and go to the party, I'm sitting down at the table and telling who I am and why I'm really good fun and sitting here and everybody will enjoy my presence. "That hasn't happened, but you know, that's now my personal point of view, not a professional, because there's nothing we can do, nothing we can say," Wolff continued. "And I don't know the people. I've obviously spoken to Mario. I didn't speak to his son. I didn't speak to any other people that are behind that. I don't know who they are. So I know GM, GM is great." Fred Vasseur, team principal at Ferrari, said he's not opposed to another team if it adds value to F1. "The discussion is between FIA, the team, and FOM. It's not our choice," he said. "For sure, as Toto said, that if it's good for the sport, good for the show, good for the business, and adds value on the sporting side, that we are all OK." Be the first to know Get local news delivered to your inbox!
By RANDALL CHASE, Associated Press DOVER, Del. (AP) — A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. McCormick also rejected an equally unprecedented and massive fee request by plaintiff attorneys , who argued that they were entitled to legal fees in the form of Tesla stock valued at more than $5 billion. The judge said the attorneys were entitled to a fee award of $345 million. The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package. McCormick concluded in January that Musk engineered the landmark pay package in sham negotiations with directors who were not independent. The compensation package initially carried a potential maximum value of about $56 billion, but that sum has fluctuated over the years based on Tesla’s stock price.
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In this last episode about open-source software I want to look at three levers that can help solve the sustainability issues that plague the sector. They revolve around commercialization, taxation and social validation. Commercialization is the traditional route, which involves finding business models to subsidize open-source projects. It creates a direct revenue stream for developers, enabling them to sustain and further develop their projects. Financial rewards can incentivize them to innovate and continuously improve their software. Quite often, commercialization comes with professional support and services, enhancing the reliability and usability of software that is itself free and open source. On the other hand, introducing commercial aspects might limit access for individuals and smaller organizations that cannot afford to pay for the software. Commercialization can lead to fragmentation within the community, where some versions of the software are exclusive to paying customers. The focus might shift from community-driven development to profit-driven decisions, potentially affecting the open-source ethos. The key to the commercialization lever is you need something scarce to have a business. Open-source is post-scarcity by design, so you have to find something else. Taxation is another way to economically sustain open-source technologies. In Germany, for instance, the Federal Ministry for Economic Affairs and Climate Action is financing the Sovereign Tech Fund, a Sovereign Tech Agency project, that is investing in projects that benefit and strengthen the open-source ecosystem. Tax incentives or funding can support OSS development, ensuring a steady flow of resources for project innovation and maintenance. Recognizing OSS as a public good, taxation can help redistribute resources to support community-driven projects. Long-term, stable funding from taxation can help sustain OSS projects and reduce reliance on private donations or commercial revenue. However, implementing and managing tax incentives can be complex and bureaucratic. Excessive reliance on government support can lead to a lack of independence and potential political influence on project direction. There might be resistance from taxpayers who do not understand the value of OSS, leading to public opposition to such funding mechanisms. The final piece of the puzzle is social validation. It reinforces the community aspect of OSS, encouraging collaboration, contribution and recognition of developers' efforts. Recognition and appreciation can drive developers to contribute passionately to OSS projects, motivated by the desire to help and be acknowledged by their peers. The Drupal Association follows this approach through a credit system that recognizes and incentivizes contributors in the Drupal community for their efforts to create a safe, secure and open web for everyone. Individuals and organizations who contribute to Drupal - be it through code, documentation, submitting case studies that demonstrate success with the software or financial support - earn credits for visibility and advertising on the Drupal.org website, as well as early access, discounts and sponsorships to events among other benefits. Encouraging social validation can lead to a broader range of contributions, including non-code contributions like documentation, design and community management. But social validation does not provide financial compensation, which may be necessary for full-time developers. Recognition can be subjective and might not always accurately reflect contributions, potentially leading to conflicts within the community. Relying solely on social validation might not be sufficient to address the broader financial and resource needs of large OSS projects. A balanced approach that combines elements of commercialization, taxation and social validation is likely the most effective strategy. Each lever has its strengths and can address different aspects of OSS sustainability - commercialization can provide financial sustainability and professional support for projects, taxation can offer stable funding and recognize OSS as a public good, while social validation can maintain community engagement and intrinsic motivation. Promoting a hybrid model where OSS projects can receive funding through multiple channels will create a more resilient and sustainable ecosystem. Dr Jolly Wong is a policy fellow at the Centre for Science and Policy, University of CambridgeDelaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon Musk
OTTAWA — A company formerly co-owned by embattled ex-Liberal minister Randy Boissonnault has been temporarily barred from any government contracts amid several lawsuits, a fraud investigation by police, and reports it attempted to get access to contracts by falsely claiming Indigenous ownership. Public Services and Procurement Canada announced Tuesday it has suspended Global Health Imports (GHI) from bidding or doing work on government contracts for 90 days as it investigates the company’s eligibility. Catherine Poulin, an assistant deputy minister in the Department of Public Works and Government Services, told MPs at a parliamentary committee the decision was made because the company faces accusations of improper business practices. “We have gone through multiple sources of information, including lawsuits, both civil and criminal, and the information that has been brought to our attention recently concerning an Edmonton Police Service investigation, kind of put us at the right level of threshold to take action under the policy,” she told the government operations and estimates committee. Pressed by Conservative MP Garnett Genuis over whether the company’s claim to be Indigenous-owned was a factor in the suspension, Poulin said the “representation has been part of the cases that we have looked at, and will form one of the factors that will be looked at by the determination team while finalizing the assessment of GHI.” She said GHI was never given any contracts based on claims of Indigenous identity and the company is not on the government’s list of Indigenous businesses. GHI’s only contract with the federal government was awarded by Elections Canada. No payments have been made on the contract, the announcement said. The suspension comes after Boissonnault last week to “focus on clearing the allegations made against him,” including that he had wrongly claimed Indigenous identity. Boissonnault came under intense scrutiny after Global News reported in May that GHI, which he co-founded in 2020, was embroiled in lawsuits over its business practices while Boissonnault was listed as a director for the company and serving in Trudeau’s cabinet. He is not named in any of the lawsuits detailed by Global News. The Edmonton Police Service confirmed to the Star last week that it was investigating a complaint of “a fraud involving a local medical supply company.” It did not provide an update when asked on Tuesday. Boissonnault gave up his 50-per-cent share in the company in June. He has maintained he’s had no role in the company or awareness of its contracts since his election in 2021. Reports in the National Post have since raised questions about Boissonnault’s of Indigenous identity, which reignited calls for him to resign. The controversy over GHI’s claims of Indigenous identity comes as MPs probe the federal government’s Indigenous procurement system amid calls to overhaul it. The federal government targets that five per cent of its contracts go to Indigenous-owned companies, but critics including the Assembly of First Nations have charged that the majority of those companies only have loose connections to Indigenous people. Indigenous Services Minister Patty Hajdu told MPs last week that 1,100 organizations were removed from its ISuspense prevails in AAP as aspirants race against time
Political analyst Mark Halperin said Tuesday that Vice President-elect JD Vance’s willingness to conduct interviews across a variety of platforms gives him “a huge advantage” over other possible 2028 presidential contenders. Vance participated in interviews on CNN , CBS News , NBC News , a New York Times podcast and comedians Theo Von and Joe Rogan’s podcasts during the 2024 campaign. Halperin, on “The Morning Meeting,” suggested Vance should continue leveraging media appearances as vice president, noting other potential candidates generally lack his competence. (RELATED: Poll Shows Majority Of Voters Approve Trump’s Transition) WATCH: “I think one of the smartest things JD Vance could do to consolidate his position ... is to go on those shows regularly. He can do it. He can develop personal relationships with those people, and people in the media, contrary to popular perception, are human beings,” Halperin said . “And if the vice president of the United States is stopping by your podcast every month and giving you time, you’re gonna be favorably disposed towards that person.” “And again, unlike [Vice President] Kamala Harris, I don’t think there’s a show in America JD Vance would turn down by saying, ‘You know, I can’t do it,’ or, ‘I’m worried about the reception I’d get.’ That’s a huge advantage for him,” he continued. “And if you look at the other people who are talked about as potential presidential candidates in both parties, [Democratic Pennsylvania] Governor Shapiro has been going on Fox News. He’s pretty confident about going places. The others, less so, and their performance level is just not that great.” Harris did not appear on “The Joe Rogan Experience,” unlike President-elect Donald Trump and Vance. Second gentleman Doug Emhoff’s senior adviser Jennifer Palmieri asserted on Nov. 13 that “some of” the Harris campaign’s “progressive staff” opposed the vice president appearing on the show due to concerns of potential “backlash,” the Financial Times reported . “I hear all the time from people who aren’t that into politics when they’re talking about moments from the campaign that are resonant for them, for Donald Trump, it’s positive moments going on different podcasts, particularly the alternative ones,” Halperin added. “And for Kamala Harris, it’s going on ‘The View’ and saying ‘nothing comes to mind.'” Harris told “The View” co-hosts in October that “not a thing comes to mind” regarding how she would govern differently than President Joe Biden, receiving widespread criticism . Former CNN political analyst Chris Cillizza speculated Monday about the possibility of Donald Trump Jr. running for president in 2028. He suggested that Trump Jr. could inherit his father’s “political movement” rather than Vance due to the president-elect’s family loyalty and his son’s political talent. “Look, I just think there will be an attempt at some point to hand off Trumpism, and Donald Trump will want to be in control of that handoff,” Cillizza said. “And the fact that his eldest son is standing right there, is someone who has shown that he gets the MAGA base in a way very few Republicans do, who has shown that he, in his own right, is extremely popular online, who gets the kind of social media trolling that goes hand in hand with being a Trump supporter, that he is related by blood to Donald Trump — these are all things that I think you cannot rule out Don Jr. of running in 2028.” All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org .Woman who falsely accused Duke lacrosse players of rape in 2006 publicly admits she lied
The Los Angeles Rams are flying high, but they could be flying even higher with this new addition should it lead to a reunion. The Los Angeles Rams are flying high. Despite starting 1-3, Matthew Stafford has willed his way back into the NFC West race, pulling even with Geno Smith. It has been far from perfect in a season in which few predictions for Stafford have gone as planned . Stafford hasn’t been quite at the level of the best in the NFC , but if he plays as well down the stretch as he did against the Buffalo Bills, Stafford can win it all. The Seattle Seahawks stand in the way and with a game left between the two, things could not be much more stressful for Rams fans. However, some rumblings have started that could give the team the perfect boost they need. Rich Eisen on Aaron Donald Speaking on a December 13 edition of “The Rich Eisen Show,” NFL analyst Rich Eisen suggested Les Snead should consider giving Aaron Donald a call. Then, after suggesting, he went all-in. He said: “I’m just throwing out there. This is red meat. This is total. Just stirring it up because while Les did say, hey, we make the playoffs anyways, maybe we just call up Aaron Donald and you know. “You know. There are some people with the Rams who are thinking this. Somebody better call Aaron. Let’s do it,” he said. Donald has been retired since the end of the 2023 season. While still recent enough to keep him in good health, it is a question of whether he could get into football shape and if the Rams can be relevant enough to get him back in the building. Of course, nothing has happened officially at the time of writing. Aaron Donald’s career production Considered by many to be the best defensive player in the NFL in the 2010s, Donald remained active as a member of the defensive line well into the 2020s. In total, the pass rusher accrued 111 sacks in his career, per Pro Football Reference. He also had a run at the most sacks earned in a single season, earning 20.5 in 2018. Donald played in two Super Bowls, winning one. As such, he knows a thing or two about how to get into the championship. The question is whether he has any last drops left in the tank. This article first appeared on NFL Analysis Network and was syndicated with permission.