PGA Tour and LIV Golf merger: Justice Division investigating

The PGA TOUR logo is seen during the second round of the Farmers Insurance Open at Torrey Pines South on January 29, 2021 in San Diego, California.

Ben Jared | PGA Tour | Getty Images

The Justice Department’s Antitrust Division has told the PGA Tour that it will be reviewing the organization’s proposed merger with Saudi Arabia-funded LIV Golf, a source told NBC News on Thursday.

The Justice Department and LIV Golf declined to comment.

In a statement to CNBC, the PGA Tour said, “We’re confident that as everyone involved learns more about how the PGA TOUR will lead this new venture, they will understand how it will benefit our players, fans and the sport and.” while protecting the American institution.” of golf.”

A source with knowledge of the situation says any interest from the DOJ would be an extension of the existing investigation and it would not be uncommon for US antitrust authorities to review a transaction of this profile. They also say a review does not indicate the transaction violated antitrust laws.

The DOJ was already conducting an investigation into professional golf in light of the litigation with LIV.

The deal’s announcement last week immediately raised antitrust concerns.

This week, Democratic Senators Elizabeth Warren of Massachusetts and Ron Wyden of Oregon asked the DOJ to open an investigation into the agreement. Sen. Richard Blumenthal, D-Conn., also opened an investigation into the deal. Wyden launched his own investigation Thursday.

The PGA Tour’s once-controversial relationship with LIV was already being investigated by federal prosecutors, who began investigating last year whether the PGA Tour had engaged in anti-competitive conduct.

LIV, which is backed by the so-called Public Investment Fund controlled by Saudi Arabia’s Crown Prince Mohammed bin Salman, divided the professional golf world when it stepped up to rival the PGA Tour.

The budding league’s ties to the kingdom, with its poor human rights record, sparked heated controversy. But with the help of a reported $2 billion investment from the Crown Prince’s fund, LIV has raked in huge prizes and perks, and attracted top-class golfers to its tournaments.

Former President Donald Trump hosted an LIV tournament at his golf club in New Jersey last summer, sparking outrage from the kingdom’s critics – including families and survivors of the September 11 terrorist attacks.

The PGA Tour and LIV Golf had been at loggerheads in and out of court, and PGA Tour Commissioner Jay Monahan has openly criticized the competing league, making the announcement of their proposed merger all the more surprising. Last week’s announcement noted that the merger would result in a mutual end to all pending litigation.

If the merger goes through, the two companies will combine their businesses and rights into a new for-profit company. The PGA Tour policy board must approve the agreement, Monahan told players in a memo.

The PGA Tour announced Tuesday that Monahan is currently recovering from an unspecified medical condition and is on leave.

Ron DeSantis is accused of punishing Florida Republicans who assist Trump

Gov. Ron DeSantis is accused of cracking down on Florida state lawmakers who have backed Trump by turning down funding for their projects.

A pro-Trump state senator accused DeSantis of punishing the state’s Trump supporters:

State Senator @JoeGruters takes the floor and says @GovRonDeSantis vetoes on projects for his Sarasota District are because Gruters endorsed @realDonaldTrump for president.#FlaPol https://t.co/Tb001SPCnr pic.twitter.com/OQMH3UdpAY

— Peter Schorsch (@PeterSchorschFL) June 15, 2023

Senator Joe Gruters accused Gov. DeSantis of punishing the people of his Sarasota district for endorsing Donald Trump for president. No one should be surprised that the same governor who tried to go to war with Disney and used his power to punish one of the biggest brands in the world would seek revenge on members of his state’s legislature who supported Donald Trump.

DeSantis vetoed $511 million from the state budget. Nearly $30 million came from the district of a senator who supported Trump.

The governor has not commented on why he vetoed the projects.

No matter how many crimes Trump racks up, DeSantis continues to lose ground to him. DeSantis and his super PAC promised that the American people would see him face off against Trump once Florida governor was officially in the running, but all that has happened is that Ron DeSantis lost even more ground to Trump.

Ron DeSantis looks small and doesn’t seem to have what it takes to challenge and defeat Donald Trump. DeSantis is the new Scott Walker. Governor DeSantis will outlast Scott Walker in the Republican primary, but his pettiness and thin skin are two reasons he appears doomed.

It looks like DeSantis is throwing a tantrum because his campaign is failing, and he’s taking it out on the Florida Republican congressman.

Jason is the managing editor. He is also White House press secretary and congressional correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. The focus of his thesis was on public policy with a focus on social reform movements.

Awards and professional memberships

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

New fall Covid vaccines should goal XBB variants, FDA officers say

Syringe with Covid-19 vaccine against XBB variant. Fight against the virus Covid-19 coronavirus, vaccination and immunization.

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U.S. Food and Drug Administration officials said Monday that updated Covid boosters for the upcoming fall-winter vaccination campaign should target XBB-omicron subvariants.

The US should recommend a monovalent vaccine against XBB.1.5, XBB.1.16 or

FDA staff came to that conclusion ahead of a meeting Thursday where a panel of outside advisers to the agency will recommend a strain for new Covid vaccines to be targeted later this year. There is no fixed date for the start of the vaccination campaign.

Vaccine manufacturers are expected to update their vaccinations once this strain is selected.

Pfizer, Modern And Novavax are already developing versions of their respective vaccines against XBB.1.5 and other circulating variants.

Upcoming strain selection will be critical to these companies’ competitiveness in the fall, when the US is expected to shift vaccine distribution to the private sector. That means all three companies will start selling their updated Covid vaccinations directly to healthcare providers.

The FDA officials’ decision comes weeks after a World Health Organization advisory group recommended that Covid booster shots target XBB variants.

Scientists have said that to date, XBB strains are among the highest immune evasion subvariants.

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According to the FDA, these strains accounted for more than 95% of Covid cases in the US in early June.

They found that the proportion of XBB.1.5 cases is declining, but both XBB.1.16 and XBB.2.3 are “on the rise”.

Last year’s Covid boosters were bivalent, meaning they targeted the original strain of the virus and the Omicron variants BA.4 and BA.5. These variants dominated cases nationwide this past fall and winter.

The recording was slow. Only about 17% of the US population has received the Pfizer and Moderna bivalent booster vaccines since their approval in September, according to the Centers for Disease Control and Prevention.

Angel Brinks addresses criticism of buddy RoccStar

In the latest episode of Stepping Into The Shade Room, designer and reality TV star Angel Brinks unveils her luxurious “dream” mansion. She also talks to presenter Thembi about her entrepreneurial career, fashion design, reality TV and more.

The 40-year-old’s passion for fashion was sparked while studying performing arts at school. Brinks became interested in stage clothing and soon took up sewing. As she got older, Brinks made it a point to work hard, launching her signature designs and her own window display. Brinks has created luxe ensembles for the likes of Missy Elliot, Lil’ Kim, Xscape, Mary J. Blige and more!

Aside from attracting the celebs, Brinks also appeared on the long-running reality TV series Basketball Wives, where their romantic relationship generated a lot of interest from viewers and fans. Brinks shares what she thinks of fans’ opinions and how her time on the reality series has been so far.

Angel is fighting back fan criticism of her relationship with RoccStar

Brinks acknowledged fans’ criticism of her boyfriend RoccStar by explaining that despite the negative feedback, their relationship has been “amazing”.

It was great… You have to find someone who shares the same values [with] and they share the same goals, morals, lifestyles… Rocc is just very ambitious. He always has something on his hands… and that’s just like me.

Brinks went on to say that they “don’t really pay attention to what people say.”

“I’m sure a lot of people have a lot to say… they always do… But our dynamic is cool. We literally laugh all day… so we’re just having a good time…”

In addition, Brinks concluded by explaining that the couple recently gave birth to a son, as reported by PEOPLE. But despite being parents to children from previous relationships, the merging of the two worlds has never been an issue for their family.

“When we get together, it’s just one big happy family.”

The reality star opens up about returning to ‘Basketball Wives’

In addition, Brinks also addressed the return to “Basketball Wives.” She shared that her castmates showed her newfound “respect,” though she received a harsh welcome on her first appearance when she returned to the show years later.

“At first they just said, ‘Shut up… you don’t know what you’re talking about…’ So when they walked in, they didn’t respect me… I think with women in particular, we probably feel like we don’t.” I want to no new friends… and I feel like they came across as not really accepting of me. And I don’t know exactly why…”

Upon her return, however, Brinks concluded by declaring that she had come with “revenge.”

“I figured, you know, I’m going to come back and do everything in my power. And they were so nice and respectful, so it worked out.”

Watch Stepping Into The Shade Room with guest Angel Brinks above!

The fees towards Trump are “very, very damning,” his former lawyer common mentioned

Former U.S. President and Republican presidential candidate Donald Trump applauds as he attends the North Carolina Republican Party Convention in Greensboro, North Carolina, June 10, 2023.

Megan Varner | Reuters

After a 37-count indictment against Donald Trump was dropped on Friday, Trump’s former Attorney General Bill Barr said the Republican presidential nominee is in for trouble in 2024.

“If even half of it is true, then it’s a bull’s eye,” Barr told Fox News Sunday. “It’s a very detailed indictment, and it’s very, very damning. And this idea of ​​portraying Trump as a victim here, a victim of a witch hunt, is ridiculous.”

The indictment revealed allegations that the former president deliberately kept hundreds of confidential government documents at his Florida home and conspired to prevent their return to US officials.

The indictment document, released a day after a grand jury in the U.S. District Court in Miami voted to indict Trump, said the filings contain information about U.S. and other countries’ defense and weapons capabilities, U.S. nuclear programs and “potential” included vulnerability of the United States and its allies to military attack.

Trump stored these classified materials in cardboard boxes in a ballroom, bathroom, shower and office space, as well as in his bedroom and closet at his Mar-a-Lago club in Palm Beach, Fla., the indictment said.

Barr said the way Trump kept the documents at Mar-a-Lago would be enough to upset anyone who cares about national security.

“He’s not a victim here,” Barr said. “He was completely wrong that he had a right to these documents. These documents are among the most sensitive secrets in the country.”

Many Republicans, including presidential candidate Vivek Ramaswamy, rallied behind Trump after the indictment.

Ramaswamy said he would pardon Trump if elected before the details of the indictment were released. He said Sunday on CNN’s State of the Union that after reading the indictment, he was “even more convinced that a pardon is the right answer.”

House Judiciary Speaker Jim Jordan said Sunday the indictment was “as political as it gets.” The Republican from Ohio claimed Trump declassified the materials and can do with them as he pleases. CNN’s Dana Bash has repeatedly sought evidence from Jordan that Trump had declassified the documents.

“I trust the President’s word and he has confirmed it,” Jordan said.

But Democratic officials have been less lenient, with Delaware Sen. Chris Coons saying on Sunday that “no one is above the law.”

“Former President Trump has no one to blame but himself for being criminally charged at the federal level,” he told ABC’s This Week.

The Port of Seattle was closed resulting from labor disputes on the ILWU

Shipping containers in the Port of Seattle.

Patti Domm | CNBC

On the West Coast, industrial action continues after it was announced that the Port of Seattle will be closed because the International Longshore and Warehouse Union (ILWU) refuses to send workers to work at the container terminals. This comes from a statement from the Pacific Maritime Association (PMA), which represents the terminals in the ports.

West Coast ports experienced continued work stoppages and disruptions throughout the week, with an estimated $5.2 billion in trade flows being handled from the ports of Los Angeles, Long Beach and Oakland.

In an email statement, the ILWU said the union remains committed to negotiating a contract that is “fair and equitable and reflects the hard work and contributions of its members to the continued success of the multi-billion dollar shipping industry.”

The ILWU also accused the PMA of using the media to use biased information in an attempt to influence the process.

“Despite what you’re hearing from PMA, the West Coast ports are open as we continue to operate under our expired contract,” said International President Willie Adams.

The Port of Seattle and its twin port, the Port of Tacoma, form what is known as the Northwest Seaport Alliance (NWSA). The Port of Seattle is one of the most important seaports in North America that US agricultural exporters rely on to ship their produce and grain. About 40% of jobs in Washington state are related to commerce.

The most important trading partners in 2022 were China, Japan, Vietnam, South Korea, Taiwan, Thailand, Indonesia, Malaysia, the Philippines and India.

The Agriculture Transportation Coalition (AgTC), which represents agricultural shippers, tells CNBC that these disruptions are tarnishing the reputation of US agricultural exporters as reliable trading partners.

“When the ILWU-PMA negotiations collapsed at the end of a previous contract, the Japanese Department of Agriculture wrote to our US Department of Agriculture saying, ‘Your ports aren’t working, but our cows are still eating.’ “The effects of these disruptions on the West Coast are being felt worldwide,” emphasized Peter Friedmann, Managing Director of AgTC.

The top six U.S. exports, according to the port’s website, include apples (worth $2.185 billion), milk (worth $1.209 billion), cattle (worth $801.5 million) , wheat (worth $756.8 million) and potatoes (worth $712.4 million). and Hay (worth $601.7 million). The total value of exports in 2022 was US$5.66 billion.

The NWSA is the country’s second largest gateway for reefer containers. Frozen products such as French fries, meat, dairy products, apples and fish are transported in these special containers.

“Our agriculture cannot stand idly by and not be stored in terminals,” said Friedmann. “We must not constantly miss departures and delivery commitments to foreign buyers.”

Friedmann said agricultural exporters, with very few exceptions, would not have the option to move from the West Coast gates to the East and Gulf Coasts. But he warned customers, foreign buyers do.

“They are called Argentina, Brazil, Australia, New Zealand,” said Friedmann. “We don’t want to lose these customers.”

The NWSA is also a port importer of automobiles with a terminal for roll-on and roll-off vessels. With 172,979 units delivered, auto imports increased by 6.5% in 2022 compared to 2021. Kia and Hyundai Cars use this gateway.

CNBC reached out to the Port of Seattle and had no comment as of press time.

What Tesla charging offers with Ford and GM imply for the business

TESLA logo on a charging station on May 26, 2023 in Merklingen, Germany.

Harry Langer/ | Defodi Images | Getty Images

Within weeks, Ford Motor General Motors And Tesla seem to have changed the tide in EV charging infrastructure in North America.

Tesla owners have long enjoyed reliable on-the-go charging at the company’s Supercharger stations, by far the largest charging network in North America. But the charging industry as a whole is fragmented, and non-Tesla owners don’t have it that easy.

All of that will change soon.

Last month, Ford announced that it had struck a deal with Tesla that would allow Ford electric vehicles to use Tesla’s charging stations with an adapter — and that by 2025 Tesla’s charging technology would become the standard for its own electric vehicles. It was a surprising partnership between rivals, and on Thursday General Motors announced it had struck a nearly identical deal with Tesla.

So why would Ford and GM team up with Tesla, a company that investors have long viewed as a threat to established automakers?

And what does that mean for electric vehicles?

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Tesla’s superchargers use a proprietary connector design called the North American Charging Standard (NACS) that doesn’t work with EVs from other manufacturers. Most other electric vehicles and charging stations in the US use the Combined Charging System (CCS) public domain plug standard.

Currently, Tesla electric vehicles can use CCS chargers with an adapter, but only Teslas can use NACS chargers.

That said, while Tesla owners have access to the company’s numerous and reliable fast-charging stations, drivers of non-Tesla EVs using CCS are faced with a mess of networks and often unreliable equipment.

The shortcomings of CCS are a growing concern for Detroit automakers as they ramp up production of electric vehicles in hopes of selling their electrified models to the masses.

In a study last year, researchers from the University of California, Berkeley checked 675 CCS fast chargers in the San Francisco Bay Area and found that nearly a quarter of them were non-functional. An August 2022 study by JD Power found similar results for CCS chargers in other parts of the country. Notably, Tesla’s charging network was also found to be much more reliable.

Tesla originally built the Supercharger network to address potential buyers’ concerns about charging while driving. The scale and reliability of its fast-charging network was a key part of its early selling points to customers fearful of going electric — and it’s been an integral part of the company’s success in the US ever since.

In contrast, the inadequacy and sub-par reliability of the CCS network has been a challenge for Ford and GM (and other automakers) as they seek to increase sales of their own electric vehicles.

Potential buyers of a Ford or GM electric vehicle might like what they experience on a test drive, but without a reliable charging network, both are at a disadvantage for Tesla. These new deals should go a long way toward aligning fee terms.

Another reason to favor Tesla’s NACS standard over CCS: Tesla’s plugs are significantly smaller and lighter than CCS fast charging plugs, which can be cumbersome for elderly or disabled drivers to use.

As both Ford and GM strive to win new electric vehicle customers, improving accessibility is a high priority.

Short term savings

For automakers like Ford and GM, which are betting billions on a major EV transition, reliability issues with CCS chargers are seen as a potential obstacle to wider adoption. GM announced in 2021 that it plans to spend $750 million to improve EV charging infrastructure in the United States and Canada.

But then, last November, Tesla opened up the NACS standard, released the technical specifications, and invited charging network operators and other automakers to use its connector design.

For both Ford and GM, this change meant a shortcut—and the potential for big savings.

“We believe we can save up to $400 million out of the original three-quarters of a billion dollars that we committed to this because we were able to do it faster and more effectively,” Barra said in an interview with CNBC on Thursday. Fast Money” after the announcement of the Tesla deal.

For Ford CEO Jim Farley, these deals also signal a new era of collaboration between automakers that goes beyond individual components.

“We [worked with other automakers] on transmissions and engines without anyone in the ICE world noticing,” Farley said at a May 31 Bernstein conference. “Now it’s going to be more on the technology side.” I think that’s one of the most interesting new dynamics.”

What about Tesla?

So what does Tesla get out of the deal to allow its competitors to use its superior charging network?

The EV leader will surely appreciate the additional revenue it receives from Ford and GM EV owners every time they charge at a Supercharger station.

The company will also welcome tacit support for its technology from long-established competitors, and will likely seek a share of public subsidies for EV charging provided under last year’s bipartisan infrastructure bill.

But the deals don’t mean Tesla will win a monopoly on public charging in the US, even if all automakers eventually adopt the NACS standard.

The EV giant’s decision to release the NACS standard means that competing charging network operators also have the freedom to add chargers with NACS connectors – and they almost certainly will too.

In fact, major players are already reacting to the deals with Ford and GM. Swiss electrical appliance giant ABB, a leading manufacturer of commercial chargers for electric vehicles, announced on Friday that it will soon offer NACS plugs as an option for its products. FreeWire Technologies, a California-based startup that builds fast chargers, announced similar plans after Ford’s deal with Tesla last month.

Tesla’s main motivation — at least publicly — might be even simpler.

“Our mission is to accelerate the world’s sustainable energy transition,” said Rebecca Tinucci, Tesla’s senior director of charging infrastructure, in a statement accompanying the GM deal announcement on Thursday. “A cornerstone of this mission is to provide every EV owner with access to ubiquitous and reliable charging.”

Sanders condemns Alzheimer’s therapy value and requires HHS motion

Senator Bernie Sanders (I-VT) arrives at the US Capitol on June 1, 2023 in Washington, DC.

Anna Moneymaker | Getty Images

Senator Bernie Sanders on Wednesday called on the US Department of Health and Human Services to take action to ensure seniors can actually afford expensive Leqembi Alzheimer’s treatment.

Sanders, chair of the Senate Health Committee, in a letter to HHS Secretary Xavier Becerra, cited the $26,500 annual price for Leqembi set by drugmakers Eisai and biogenic “incomprehensible.”

The Vermont independent said the drug’s current cost would place a significant financial burden on Medicare and increase premiums for seniors. Medicare is the federal program that provides health insurance primarily to older Americans.

Sanders said Leqembi’s “outrageously high price” “will discourage treatment from seniors who need this drug.”

Lawmakers wrote that if Eisai and Biogen refuse to lower the price of the treatment, HHS should use its powers to break Leqembi’s patent monopoly.

He also said the Centers for Medicare and Medicaid Services could also cap the amount of compensation for Leqembi to reflect the drug’s actual benefits.

Most Medicare patients with Alzheimer’s could not afford the 20 percent co-payment of more than $5,000 a year for Leqembi, Sanders said. The co-payment for the drug accounts for one-sixth of the average Medicare beneficiary’s income of $30,000, he said.

“Not only would that obviously be unaffordable for many senior citizens, it would be absurd and unfair government policy,” wrote Sanders, a Democratic Socialist who sits with the Democratic Senate majority.

Co-payments, along with co-insurance and deductibles, are costs of medication and healthcare services that the patient must personally pay out of their own pocket and are not covered by their health insurance.

Sanders said in his letter to Becerra, “Mr. Secretary: As you know, a prescription drug is not effective if a patient who needs that drug cannot afford to take it.”

The Institute for Clinical and Economic Review, a nonprofit, estimates that Leqembi should sell for $8,900 to $21,500 a year, well below Eisai’s list price.

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However, Eisai indicated that Leqembi’s annual list price of $26,500 is lower than the company’s estimate of the drug’s total value for each patient of $37,600. Eisai developed Leqembi and conducted clinical trials of the drug, which is manufactured by Biogen.

Medicare plans to cover Leqembi if the Food and Drug Administration approves the treatment.

CMS Administrator Chiquita Brooks-LaSur said last week that Medicare will cover Leqembi the same day the treatment gets the FDA green light.

The FDA is expected to make a decision on the approval of Leqembi by July 6.

The FDA’s panel of independent advisors is scheduled to meet Friday to vote on whether data from a clinical study supports Leqembi’s clinical benefit for patients.

The FDA is under no obligation to follow the advice of its advisors. However, a positive vote by the panel of experts would speak in favor of the drug being approved.

Medicare, which operates independently of the FDA, decides whether to pay for a drug based on its own determination of whether a treatment is “appropriate and necessary” for patients.

Sanders said in his letter that at current costs, Leqembi “will undermine Medicare’s finances.”

“And it will increase the premiums of over 60 million seniors who receive Medicare, whether or not they need to take that drug,” Sanders wrote.

A study published in JAMA Internal Medicine, a leading medical journal, found that Leqembi could cost Medicare $5 billion a year. And individual Medicare patients could face $6,600 in annual costs for the drug, depending on what state they live in and whether they have supplemental insurance, the study found.

Leqembi received accelerated approval from the FDA in January. But Medicare severely limits coverage of Alzheimer’s antibody drugs approved under this accelerated approval process.

That Medicare policy came into effect following the controversial approval of another Alzheimer’s antibody drug called Aduhelm, made by Biogen and Eisai.

The FDA accelerated approval of Aduhelm in June 2021, although the agency’s independent advisors said the drug has not shown clinical benefit for patients.

Three of the FDA’s independent advisors resigned as a result of the agency’s decision. A Congressional investigation subsequently found the permit was “riddled with irregularities.”

The companies priced Aduhelm at $56,000 per year.

Sanders said in his letter Wednesday that “the FDA has a special responsibility to restore public confidence after forming an inappropriate relationship with Biogen during the agency’s review of a previous Alzheimer’s drug, Aduhelm.”

Chris Christie slams Trump in presidential marketing campaign announcement

Chris Christie emerged from the gate and spoke about Trump in the most blunt terms that other Republican presidential hopefuls had feared.

Video:

Christie said: “A lonely, selfish, selfish mirror pig. Ain’t no leader… Well, let me get this straight if I haven’t already. The person I’m talking about who is obsessed with the mirror, who never admits a mistake, who never admits a mistake and who always blames everything that goes wrong on someone else and something else, but finds every reason, everything goes wrong, acknowledging Right is Donald Trump. And if we’re not having this conversation with you, we don’t deserve to be asking for your vote. We don’t deserve the mantle of leadership. We don’t deserve you to think of us as people worthy of leadership.”

Chris Christie was right about one thing. Any Republican candidate who does not attack Trump is definitely not worthy of the votes of the American people. Chris Christie’s approval ratings are underwater among Republicans. He has virtually no chance of winning the Republican nomination, so his job this campaign is to do the dirty work and incur Donald Trump’s wrath.

Whether Trump will give him that much attention or if Christie will be able to meet the RNC criteria to take part in the debates is an unknown question, but Chris Christie is in the running and he’s trying to take Donald Trump out.

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Jason is the managing editor. He is also White House press secretary and congressional correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. The focus of his thesis was on public policy with a focus on social reform movements.

Awards and professional memberships

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

I’ve tried over 100 mascaras – I fell in love with this one right away

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With the Liquid Lash Volumizer™ Mascara, it took me just a few swipes to get the fullest, longest lashes I’ve probably ever achieved. In short, I fell in love with the mascara the first time I used it. And it lasted all day at the office, which is a must. Pre-purchase it yourself to unlock the best lashes of your life.