Danny Meyer’s Union Sq. Hospitality Group to require indoor diners present proof of Covid pictures

Danny Meyer’s Union Square Hospitality Group will require indoor diners and drinkers at its restaurants to show they’ve been vaccinated against Covid-19. The mandate also applies to current employees and new hires.

The announcement, which Meyer made Thursday on CNBC’s “Squawk Box,” comes as concern around the highly contagious delta variant increases, and U.S. officials try to combat Covid vaccine hesitancy and resistance among some Americans.

“This is the most logical thing I’ve ever seen,” Meyer said. “I’m not a scientist, but I know how to read data and what I see is that this is a crisis of people who have not been vaccinated, and I feel strong responsibility, on our part as business leaders, to take care of our team and our guests, and that’s what we’re doing.”

Meyer, founder of Shake Shack and chairman of the fast casual chain’s board, said that company will set its own policy regarding vaccines. “Shake Shack will make the appropriate decision for them at the appropriate time,” he said.

At Union Square Hospitality Group, Meyer said the vast majority of workers are already vaccinated, adding the company offered eight hours of pay per Covid shot.

“We’re going to give our employees 45 days to make the choice and hopefully this will be the incentive that really makes them say, ‘You know what, now I’m going to do it,'” he said.

Union Square Hospitality Group has a large presence in New York City. Is restaurants include Gramercy Tavern, Manhatta, and Union Square Cafe. It also operates Anchovy Social in Washington, D.C.

Recently, a number of government and private-sector entities like Google and Facebook have taken a harder line on vaccine requirements for employees in recent days. Some believe these steps are critical to increasing the vaccination rate in the U.S. after it has slowed dramatically from its spring peak.

President Joe Biden is expected to announce later Thursday that all federal workers will need to be vaccinated against Covid or be subject to strict coronavirus testing requirements. The Department of Veterans Affairs said Monday all of its health-care workers must be vaccinated.

Earlier this week, the San Francisco Bar Alliance recommended its nearly 500 member bars ask customers to prove they’ve been vaccinated or provide results of a negative Covid test from the past three days.

About 57% of the U.S. population has received at least one Covid vaccine dose and 49.3% are fully vaccinated, according to data compiled by the Centers for Disease Control and Prevention.

Coronavirus cases have surged in recent weeks, prompting the CDC to reverse course on its prior mask guidance. The public-health agency is now recommending fully vaccinated Americans in places with high Covid infection rates start to wear face coverings indoors again.

Meyer said Union Square Hospitality Group employees will continue to wear face coverings in the kitchen. However, he said masks are not a panacea for diners. “You cannot eat or drink with a mask on,” he said. “The one thing you can do is be vaccinated.”

Asked how he would advise other corporate leaders on Covid vaccine policy, Meyer said: “I think every business has to make its own decisions, and we’re proud of the one we’re making right now.”

The restaurateur said he was fortunate his company is based in New York City, where government leaders are supportive of strict vaccine requirements. He noted states such as Florida have passed laws that bar businesses and government entities from demanding proof of Covid vaccination.

Some health experts believe vaccine mandates will become more commonplace once the Food and Drug Administration grants full approval. Currently, the drug regulator has cleared three Covid vaccines on an emergency use basis. Pfizer and Moderna’s vaccine requires two shots for full immunity protection, and both companies have applied for full approval. Johnson & Johnson has not yet applied for its single-shot vaccine.

Biden said last week he thinks full FDA approval could arrive in the fall.

Grand jury indicts Nikola founder on three counts of fraud

CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019.

Massimo Pinca | Reuters

Trevor Milton, founder of EV start-up Nikola, was indicted on three counts of criminal fraud by a federal grand jury for allegedly lying about “nearly all aspects of the business,” according to the indictment, which was unsealed Thursday.

The U.S. Attorney’s Office in Manhattan accused the billionaire, who resigned as chairman in September, with two counts of securities fraud, including making false statements about the company, and wire fraud.

Prosecutors said Milton built an intricate scheme designed to pump up the company’s stock for his own gain by lying about the company’s products, technology and future sales prospects. They accuse him of using Nikola’s deal to go public via a special purpose acquisition company, or SPAC, to target amateur retail investors, some of whom lost hundreds of thousands of dollars.

“Milton’s scheme targeted individual, non-professional investors — so-called retail investors — by making false and misleading statements directly to the investing public through social media, and television, print and podcast interviews,” prosecutors said in the 49-page indictment. 

Shares of Nikola were down by as much as 11% during early trading Thursday to less than $13 a share. 

Nicholas Biase, a spokesperson for the U.S. Attorney’s office, said Milton surrendered to authorities and is expected to be presented in court later today in New York.

Milton, who was the company’s largest shareholder, held roughly $8.5 billion in Nikola stock at the height of the company’s value.

The grand jury said Milton shall forfeit all property “traceable to the commission of said offenses,” which would likely include the more than $1 billion he earned when Nikola went public in June 2020.

Prosecutors said Milton “was motivated to engage in the fraudulent scheme in order to enrich himself and elevate his stature as an entrepreneur.”

A spokesman for Milton didn’t immediately comment on the indictment.

Nikola said in an emailed statement that it’s “cooperated with the government throughout the course of its inquiry.” The company emphasized that the allegations are against Milton and not the company itself.

“We remain committed to our previously announced milestones and timelines and are focused on delivering Nikola Tre battery-electric trucks later this year from the company’s manufacturing facilities,” the company said.

Many of the allegations regarding false and misleading statements were first uncovered by short-seller Hindenburg Research in September.

Hindenburg accused Milton of making false statements about Nikola’s technology in order to grow the company and partner with auto companies. The report, titled “Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America,” was released two days after the company announced a deal with General Motors that sent both companies’ shares soaring. It characterized Nikola as an “intricate fraud built on dozens of lies” by Milton.

Following an internal investigation, Nikola in February said it found Milton made several inaccurate statements from 2016 through the company’s IPO last year that misled investors.

This is breaking news. Please check back for updates.

Atlanta Mercedes-Benz Stadium is quickly altering the title of its venue and social media pages in help of Kanye West, who at present lives on the premises, to finish “DONDA”

Kanye West

Roommate, it looks like the Mercedes-Benz Stadium in Atlanta is completely behind Kanye West’s temporary residence in the arena to complete his album “DONDA!” The popular Atlanta venue temporarily changed its name and social media pages to support Kanye West’s efforts to complete his “DONDA” album by living on the premises.

Kanye West is known for giving fans the music they yearn for – which is why his latest decision to live on the grounds of the Mercedes-Benz Stadium in Atlanta until he arrives doesn’t surprise many. Album “DONDA” is ready .

To show that they’ll ride with Ye until he decides he’s ready to go, the Mercedes-Benz Stadium has temporarily changed its name on Twitter to “DONDA Studio in the Mercedes-Benz Stadium” and has an official nameplate outside the Venue.

As we reported earlier, Kanye West and his team created a studio space and living space, and hired a chef to prepare his meals while he lives in the stadium. Apparently he was so inspired by the crowd during the “DONDA” listening session on July 22nd that he decided to stay back to finalize things on his album, which now has a target release date of August 6th.

The Shade Room also received an exclusive video of Kanye working on the music for the album at the stadium.

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“Not clear” whether or not Covid-19 vaccine boosters are mandatory

Ontario’s Premier Doug Ford receives Astrazeneca-Oxford Coronavirus Disease (COVID-19) vaccine from pharmacist Anmol Thrush at Shoppers Drug Mart in Toronto, Ontario, Canada, April 9, 2021.

Nathan Denette | Swimming pool | via Reuters

AstraZeneca is not yet sure whether a third dose of its Covid-19 vaccine is needed for further protection against the virus, the company’s CEO told CNBC on Thursday.

Speaking to CNBC’s Squawk Box Europe, Pascal Soriot said the company had no “exact answer” as to whether booster shots were required.

“This immunity has two dimensions – antibodies [which] decrease over time, but the second, very important dimension of vaccination is the so-called T cells. They tend to protect people from serious illness, but they also offer durability, “Soriot explained.

“With the technology we use, we have a very high production of T cells. We hope that we can have a permanent vaccine that will protect over a long period of time. So whether we need a third booster vaccination or not is not yet clear. “Only time can tell.”

T cells are a type of white blood cell that play various roles in the body’s defense against an invading virus. For example, they can attack the pathogen or help various white blood cells to produce antibodies.

Antibodies prevent viruses from entering cells, but they don’t last as long as T cells.

Soriot added that the only way to be sure if a booster dose is really needed is to watch if the vaccine’s effectiveness decreases over time.

“We know that [our vaccine] has a decrease in antibodies [over time] – We haven’t seen a drop in efficacy yet, but it’s a little early to judge, time will tell, and I hope the T cells provide this lasting, long-term protection. “

On Wednesday, Pfizer CEO Albert Bourla told CNBC’s “The Exchange” that the company was “very, very confident” that a third dose of its vaccine would provide sufficient immunity to protect against the faster-spreading Delta variant of Covid.

Bourla’s comments came after a study found that the effectiveness of the Pfizer BioNTech vaccine decreased an average of 6% every two months, and that the vaccine was most effective between a week and two months after receiving the second dose of vaccine.

Bourla also told CNBC on Wednesday that the vaccine’s effectiveness dropped to about 84% four to six months after the second dose.

Increase in vaccination income

AstraZeneca sales of its Covid-19 vaccine reached nearly $ 1.2 billion in the first half, the company said on Thursday.

Revenue from vaccine sales helped the Anglo-Swedish pharmaceutical giant increase its total first-half sales by 23% year over year to $ 15.5 billion, AstraZeneca said in its earnings report.

Oxford-AstraZeneca Covid-19 vaccine revenue more than tripled in the second quarter from the three months before.

Excluding vaccine sales, the company’s half-year profit increased 14% from the first half of 2020.

After acquiring US pharmaceutical company Alexion, AstraZeneca updated its forecast for the year to forecast total sales to grow by a low twenties percentage. Revenue from its Covid-19 vaccine was not included in the guidelines in view of “increased risks and uncertainties from the effects of Covid-19, including the effects of potential new drugs for Covid-19 in clinical development”.

The company also indicated that fluctuations in its financial performance are expected to persist between quarters.

Nearly 4 billion shots of Covid-19 vaccines have been given globally, data collected by Bloomberg shows.

According to Our World in Data, vaccination programs have now been launched in 214 countries and territories, most of which have approved the Oxford-AstraZeneca vaccine for use.

Candace Cameron Bure Apologizes After Followers Criticize “Seductive” Video

Candace Cameron Bure is offering a rare apology on social media after her recent post was not received the way she expected.

The 45-year-old Fuller House alum took to her Instagram Story on Wednesday, July 28 to let her fans know she regretted sharing a since-deleted post to Instagram that showed her lip-syncing to the Lana Del Rey song “Jealous Girl.” Candace’s post featured her lip-syncing to the lyrics, “Baby, I’m a gangster too and it takes two to tango/You don’t wanna’ dance with me, dance with me.”

In the footage, which the actress had initially posted earlier that day on TikTok, the star is leaning over in front of the camera, and at one point, she holds up her Bible close to her chest.

“I just came home and read a lot of messages that were not happy with my latest Instagram post that was a TikTok video,” she said on her Story. “And I usually don’t apologize for these things, but a lot of you thought it was weird, and I’m sorry. That was not my intention. I was using a very specific clip from TikTok and applying it to the power of the Holy Spirit, which is incredible.”

“The world’s strongest tidal turbine” begins exporting electrical energy to the grid

A 680 ton tidal turbine, known as “the most powerful in the world”, has started on-grid power generation at the European Marine Energy Center in Orkney, an archipelago north of mainland Scotland.

The news marks another big step forward for the emerging UK marine energy sector.

In an announcement on Wednesday, Scottish engineering firm Orbital Marine Power explained how its 2 megawatt O2 turbine was anchored in a body of water called the Fall of Warness, with a submarine cable that connects it to a local power grid on land.

The 74-meter-long turbine is expected to “operate in Orkney waters for the next 15 years” and “have the capacity to meet the annual electricity needs of around 2,000 British households”.

Read more about clean energy from CNBC Pro

The turbine is also said to send power to a land-based electrolyser that produces something called green hydrogen. In a statement, Orbital Marine Power CEO Andrew Scott described Wednesday’s news as “an important milestone for the O2.”

Funding for the construction of O2 was provided by public lenders through Abundance Investment. The Scottish Government has also provided £ 3.4 million (approximately $ 4.72 million) in assistance through its Saltire Tidal Energy Challenge Fund.

Michael Matheson, the Scottish Government’s Cabinet Secretary for Net Zero, Energy and Transport, said his country was “ideally positioned to take advantage of the vast world market for ocean energy”.

“The deployment of Orbital Marine Power’s O2, the world’s most powerful tidal turbine, is a proud moment for Scotland and a major milestone on our journey to net zero,” he added.

Looking ahead, Orbital Marine Power said it is targeting commercialization of its technology through the use of multi-megawatt arrays.

With miles of coastline, the UK as a whole is home to a number of marine energy-related projects.

In April, it was announced that a year-long research project focusing on the potential of tidal, wave and floating wind technology has secured support from Marine-i, a program that focuses on innovation in areas such as ocean energy.

The project is based on the Isles of Scilly, an archipelago off the south west coast of England, and is led by Isles of Scilly Community Venture, Planet A Energy and Waves4Power.

There is also potential in rivers. Back in March, the Port of London Authority gave the green light to trials of tidal energy technology on a section of the Thames, a move that could eventually help decarbonise operations connected to the river.

While interest in marine energy systems appears to be growing, the current footprint of the industry and its technologies remains small.

Figures from Ocean Energy Europe show that last year Europe added only 260 kilowatts of tidal power capacity, while only 200 kW of wave energy was installed.

In contrast, according to the industry association WindEurope, 14.7 gigawatts of wind energy capacity were installed in Europe in 2020.

Twitter closes San Francisco, New York places of work as Covid instances surge

Pedestrians use mobile phones while walking past Twitter Inc. headquarters in San Francisco, California, U.S.

Bloomberg | Getty Images

Twitter has announced that it will close its San Francisco and New York offices immediately as Covid cases surge across the country.

Wednesday’s announcement comes just two weeks after the social media company reopened their offices at both cities.

“After careful consideration of the CDC’s updated guidelines, and in light of current conditions, Twitter has made the decision to close our opened offices in New York and San Francisco as well as pause future office reopenings, effective immediately,” a Twitter spokesperson said in a statement Wednesday.

The company added that they are continuing to closely monitor local conditions and make necessary changes that “prioritize the health and safety of our Tweeps.”

Twitter is the latest Bay Area company to either delay their reopening or close their offices due the delta variant.

Earlier on Wednesday, Google announced that they will delay office returns to October. A month later than its original September date.

This story is developing. Stay with NBC Bay Area for updates.

Credit score Suisse Q2 2021 earnings

Credit Suisse bank.

NurPhoto | NurPhoto | Getty Images

LONDON — A Credit Suisse investigation said Thursday that the bank failed “to effectively manage risk” when doing business with the collapsed U.S. hedge fund Archegos.

The bank’s results have been overshadowed by heavy losses following a scandal involving Archegos Capital, a U.S. based hedge fund, which collapsed after taking on too much risk. 

Credit Suisse took a hit of 4.4 billion Swiss francs as a result and investment bank CEO Brian Chin and chief risk and compliance officer, Lara Warner, both stepped down. The executive board decided to waive bonuses for the 2020 year, and also cut the proposed dividend.

The stock is down 17% year-to-date.

This is a breaking news story, please check back later for more.

That is how a lot athletes from 12 nations earn for successful medals

Team Philippines Hidilyn Diaz competes in Weightlifting – Women 55kg Group A on day three of the 2020 Olympic Games at Tokyo International Forum on July 26, 2021 in Tokyo, Japan.

Chris Graythen | Getty Images

Why some athletes earn more

More than 600 US athletes compete in the Tokyo Olympics, and the United States has so far won 11 gold, 11 silver and 9 bronze.

The U.S. Olympic and Paralympic Committee rewards athletes with $ 37,500 for each gold medal won, $ 22,500 for silver, and $ 15,000 for bronze. The majority of this prize pool is not taxable unless the athletes report gross income greater than $ 1 million.

U.S. athletes also receive other forms of assistance, including health insurance, access to world-class medical facilities, and tuition assistance.

By comparison, Singapore rewards its gold medalists almost 20 times more than the US players who take their first custom gold medal for the city-state booth and receive Singapore dollars 1 million ($ 737,000). The prize money is taxable and winners must return a portion of it to their national sports federations for future training and development.

The country only sent 23 athletes to Tokyo.

The US sports economy enables athletes to better monetize their talent as most of it is driven by the private sector, according to Unmish Parthasarathi, founder and chief executive of consulting firm Picture Board Partners.

In places like Singapore, India, and elsewhere, many of the national sports initiatives are driven by governments who sometimes use higher monetary rewards to promote a growing sports culture, he told CNBC.

Malaysia also has juicy rewards for its Olympic champions.

Athletes who win gold will receive 1 million ringgit ($ 236,149), while silver winners will receive 300,000 ringgit, and athletes who win bronze will receive 100,000 ringgit. Expressed in dollars, a Malaysian Olympic bronze winner will receive a higher performance award than a gold winner from Australia or Canada.

How athletes make money

In addition to receiving monetary and non-monetary rewards from their countries for winning medals, the Olympians rely on other sources of income for their athletic endeavors.

Athletes from larger, more competitive countries receive scholarships or training grants from their national sports federations. Top performers collect prize money by winning national and international tournaments. Others earn a steady salary by doing a variety of jobs.

Some, like U.S. badminton player Zhang Beiwen, have reportedly relied on crowdsourcing to fund their trip to Tokyo. Most Team USA athletes are not represented by sports agents and some have no sponsors or referrals at all, according to a Forbes report.

Naomi Osaka of Team Japan serves during her third round match in women’s singles against Marketa Vondrousova of Team Czech Republic on day four of the Tokyo 2020 Olympic Games at Ariake Tennis Park on July 27, 2021 in Tokyo, Japan.

David Ramos | Getty Images

A handful of athletes can get multi-million dollar advertising contracts or sponsorship deals either before they compete in the Olympics or after they succeed in the Games. For example, tennis star Naomi Osaka is said to have endorsed $ 55 million in 12 months and has reportedly been named the highest paid female athlete of all time.

But reaching lucrative deals is rare and hardly the norm.

Parthasarathi pointed out that for some it is a profitable career move Athletes should get into coaching after retirement as people are willing to pay a premium for former Olympians.

Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics holds the U.S. broadcast rights to all Summer and Winter Games through 2032.

Trump Humiliated As GOP Assist For Bipartisan Infrastructure Invoice Doubled After He Tried To Block It

It was an epic humiliation, as Donald Trump tried to get Republicans to oppose the bipartisan infrastructure bill, but instead, 17 of them voted to advance it.

Here is the list of the 17 Republican Senators who voted to advance the bill:

  • Sen. Roy Blunt (R-MO)
  • Sen. Richard Burr (R-NC)
  • Sen. Shelley Moore Capito (R-WV)
  • Sen. Bill Cassidy (R-LA)
  • Sen. Susan Collins (R-ME)
  • Sen. Kevin Cramer (R-ND)
  • Sen. Mike Crapo (R-ID)
  • Sen. Lindsey Graham (R-SC)
  • Sen. Chuck Grassley (R-IA)
  • Sen. John Hoeven (R-ND)
  • Sen. Mitch McConnell (R-KY)
  • Sen. Lisa Murkowski (R-AK)
  • Sen. Rob Portman (R-OH)
  • Sen. James Risch (R-ID)
  • Sen. Mitt Romney (R-UT)
  • Sen. Thom Tillis (R-NC)
  • Sen. Todd Young (R-IN)

Trump Effort To Block The Bill Resulted In More Republicans Supporting It

Trump had spent weeks trying to get Republican Senators to block the bill because he was jealous that Republicans are working with Biden when he could not any infrastructure legislation passed during his presidency.

Lawrence O’Donnell pointed out that Trump’s opposition caused Republican support to double:

Lawrence O’Donnell points out that Trump’s attempt to block the bipartisan infrastructure bill resulted in a doubling of Republican support for advancing the legislation. pic.twitter.com/2rXKAaWmpv

— Sarah Reese Jones (@PoliticusSarah) July 29, 2021

A Note About Krysten Sinema And The Infrastructure Reconciliation  Bill

By the way, people should ignore Sen. Kyrsten Sinema’s claim that she won’t support the reconciliation infrastructure bill. Sinema’s full comments made it clear that she wants something for Arizona in the bill. Sinema has been talking to the White House and her fellow Senate Democrats for weeks. 

There is a reason why Biden and Schumer are so confident that the reconciliation infrastructure bill will pass. Sinema isn’t going to kill the bill, and she won’t be the last Democratic Senator to try to get something in exchange for her vote.

Trump Has Been Completely Humiliated (Again)

Without the power of the presidency or even his Twitter account, Donald Trump has no power over Republican senators. The orange emperor has no clothes, and he has shown once again that only bad things happen he tries to meddle in the Senate.

Instead of stopping the bill, Trump caused Republican support to double, as has taken his political ineptitude to a whole new level.

Mr. Easley is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.

Awards and  Professional Memberships

Member of the Society of Professional Journalists and The American Political Science Association