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    New York (CNN Business)Tesla officially announced a three-for-one stock split, meaning the company's stock price — which has jockeyed between $600 and $1,000 for a year — is about to get more affordable for investors.The stock will begin trading on a split-adjusted basis on August 25th.Tesla (TSLA) shareholders approved the split Thursday at the company's annual shareholders' meeting. Following the split, a person who owned one share of the company will hold three, and the price of each of those shares will be one-third of the price at that time. At Friday's closing price of roughly $865, that would make the post-split price per share just about $288. Stock splits are usually done to increase a stock's liquidity, making it easier for investors to buy and sell the shares. Essentially, the move will triple the number of Tesla shares on the market, but the company's overall valuation — and the value of each investor's holding — won't change. Splits can also boost demand for a stock because it puts the price within the reach of smaller, individual investors.Tesla's made such...
    Here are the highest paid male and female CEOs in the S&P 500 index for 2021, as calculated by The Associated Press and Equilar, an executive data firm. The AP’s compensation study covered 340 executives at S&P 500 companies who have served at least two full consecutive fiscal years at their respective companies, which filed proxy statements between Jan. 1 and April 30. Some companies with highly paid CEOs do not fit these criteria. Pay for chief executives rose to a median of $14.5 million last year, including salary, stock and other compensation. Median means half the CEOs in the survey made more, and half made less. Compensation often includes stock and option grants that the CEO may not receive for years unless certain performance measures are met. For some companies, big raises occur when CEOs get a stock or option grant in one year as part of a multi-year grant. ___ Top Male CEOs: 1. Peter Kern Expedia Group $296.2 million Change from last year: 6,592% His pay vs typical company worker: 2,897 times, up from 53 Overall...
    In this article CVSA teen receives her Pfizer Covid-19 booster at a CVS pharmacy in New York City on Jan. 20th, 2022.Adam Jeffery | CNBCCVS Health said Wednesday that demand for at-home Covid tests and booster shots lifted overall store sales, helping the company top expectations for fourth-quarter earnings. Shares of the drugstore chain and health insurer fell more than 2% in premarket trading. Here's what the company reported for the three-month period ended Dec. 31, compared with what analysts were expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.98 adjusted vs. $1.93 expected Revenue: $76.60 billion vs. $75.67 billion expected CVS reported fiscal fourth-quarter net income of $1.31 billion, or 99 cents per share, up from $973 million, or 74 cents per share, a year earlier. The company said its net income from continuing operations was 98 cents. But it earned $1.98 per share, after adjustments, which was more than the $1.93 per share expected by analysts surveyed by Refinitiv. Total revenue for the period rose to $76.60 billion from $69.55 billion a year earlier, exceeding...
    Biden cancels trip to focus on infrastructure bill, Britney Spears conservatorship: 5 Things podcast Rikers Island conditions so bad that DA says not to ask for bail in nonviolent cases Kalia Brooks, Ryan Coogler Ryan Coogler has recruited former HBO exec Kalia Booker King to oversee the TV division of his Proximity Media production company. King, who as vp drama, had a hand in developing such HBO originals as Lovecraft Country, Outside, I Know This Much Is True, His Dark Materials and the upcoming untitled Lakers drama and Parasite update, among others. At Proximity, King will report to Coogler, Zinzi Coogler and Sev Ohanian and work with writers, producers, directors and other talents to create scripted and unscripted projects for the company’s overall deal with Disney. “We couldn’t be happier about having Kalia on board to help us scale our television business. We are major fans of her storytelling instincts and her reputation for championing artists. It’s an honor to have her on board at Proximity,” partners Ryan and Zinzi Coogler and Ohanian said in a joint statement Wednesday....
    Richmond-based accessories company Sassy Jones landed a spot in the top 25 of Inc. 5000’s Fastest Growing Private Companies list. The company was founded in 2013 by Charis Jones, and its jewelry and accessories quickly gained attention in the retail space. Necklaces, earrings, bracelets, belts, scarves, handbags, lip gloss, fox fur vests and other clothing items are available on the website, as well as through HSN via a specially curated collection. Sassy Jones is ranked 24th overall, a 51-spot jump from last year. It is the second-ranked company in Virginia, behind Arlington-based Olympic Media, and first-overall in the Richmond region. To be considered for the list, companies must be based in the United States, privately held, for-profit, independently operated and founded and generating revenue by March 31, 2017. The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. Companies were ranked according to percentage of revenue growth from 2017 to 2020,… Read the full story from the Washington Business Journal.
    NEW YORK -- The American biotechnology company Novavax announced on Monday that its coronavirus vaccine candidate was found to have an overall efficacy of 90.4% in a Phase 3 trial conducted across the United States and Mexico.Additional analyses of the trial are ongoing, according to the company, and will be submitted to peer-reviewed journals for publication.The trial results appear consistent with the efficacy and safety profile the vaccine previously showed in a Phase 3 trial conducted in the United Kingdom, Dr. Gregory Glenn, president of research and development for Novavax, told CNN."Different continent, different population, different viruses floating around, and yet, we still see really good efficacy," Glenn said. "This is what you want to have."The study launched in December and enrolled 29,960 adults across 113 sites in the United States and six sites in Mexico. Some of the participants were given a placebo and some were administered two doses of the Novavax vaccine 21 days apart.The company said the vaccine was "generally well-tolerated" and common side effects included pain at the injection site, lasting less than three days, and...
    (CNN)The American biotechnology company Novavax announced on Monday that its coronavirus vaccine candidate was found to have an overall efficacy of 90.4% in a Phase 3 trial conducted across the United States and Mexico. Additional analyses of the trial are ongoing, according to the company, and will be submitted to peer-reviewed journals for publication. Novavax to seek US authorization of its Covid-19 vaccine in third quarter, CEO saysThe trial results appear consistent with the efficacy and safety profile the vaccine previously showed in a Phase 3 trial conducted in the United Kingdom, Dr. Gregory Glenn, president of research and development for Novavax, told CNN."Different continent, different population, different viruses floating around, and yet, we still see really good efficacy," Glenn said. "This is what you want to have."The study launched in December and enrolled 29,960 adults across 113 sites in the United States and six sites in Mexico. Some of the participants were given a placebo and some were administered two doses of the Novavax vaccine 21 days apart.Read MoreThe company said the vaccine was "generally well-tolerated" and common side...
    Anthony and Joe Russo’s AGBO production company is entering the audio space in a new multiyear deal with Spotify, following its massive success with Extraction on Netflix and the upcoming Tom Holland-led feature Cherry on Apple TV Plus. The directors, best known for their work on Avengers: Infinity War and Avengers: Endgame as well as sitcoms like Arrested Development, will produce several series for Spotify. The move comes at a time when Spotify is trying to assert itself as the dominant podcast platform. With the Russo brothers, known for their specific type of blockbuster storytelling, the company is looking “to tell more stories that have the power to span generations and territories.” Spotify has signed other deals with storytellers and celebrities in recent months. Chernin Entertainment, Ava DuVernay, and, most notably, Joe Rogan have all signed deals with Spotify to produce exclusive content for the platform. While many people may still use Spotify as a music-only platform, the company hasn’t hidden its ambitious podcasting goals, where executives are hoping to boost subscriber numbers and advertising revenue. Spotify...
    An Amazon fulfillment center in Frankenthal, Germany.Thorsten Wagner | Bloomberg | Getty Images Amazon is joining forces with a U.S. government watchdog group to conduct counterfeit inspections, the company announced Tuesday, in its latest effort to address a problem that's plagued the e-commerce platform for years. The company will work with the National Intellectual Property Rights Coordination Center, a task force that's overseen by U.S. Immigration and Customs Enforcement, to "analyze data and conduct targeted inspections aimed at preventing counterfeit products from entering the U.S. supply chain," Amazon said. Any evidence collected from their inspections will be used to expand ongoing investigations and go after bad actors. The initiative, referred to as "Operation Fulfilled Action," is led by Amazon's Counterfeit Crimes Unit. The team was launched earlier this year and is made up of former federal prosecutors, investigators and data analysts who mine the site for information and work with federal prosecutors. Amazon's marketplace, launched in 2000, now accounts for more than half the company's overall sales. While it's been a key driver of Amazon's overall business, it has also...
    With Anthony Edwards going No. 1 overall in the NBA draft, University of Georgia athletics is now in some rare company. On Wednesday night, University of Georgia guard Anthony Edwards went No. 1 overall to the Minnesota Timberwolves in the NBA draft. He is now obviously the highest-drafted player in the basketball program’s history, and the first top-five pick from the program since Dominique Wilkins in 1982. Had he not gone No. 1 overall, Edwards would have gone in the top-five to join Wilkins in that select company. But his selection in the first round has put the Georgia athletic program in some very rare company, with three top-10 picks in a set of three professional drafts in the same year. Did you know that Georgia is one of only five schools (and only the second SEC school) to have a top-10 pick in the NBA, NFL and MLB draft in the same year? NBA: No. 1 – Anthony EdwardsNFL: No. 4 – Andrew ThomasMLB: No. 6 – Emerson Hancock#GoDawgs pic.twitter.com/lky3OaeQdW — Georgia Bulldogs (@UGAAthletics) November 19, 2020 Georgia...
    Another publicly traded Canadian marijuana company is expanding in Colorado. Toronto-based investment firm Slang Worldwide recently announced it has agreed to purchase Pleasant Valley Ranch, an outdoor and greenhouse marijuana production facility in Carbondale. According to Slang, the cultivation has a 1,600 square-foot greenhouse and five acres of outdoor grow, with an overall capacity of 3,600 plants — which Slang aims to double by the fourth quarter of 2021. This is the second time this fall that Slang has made news with its plans to acquire a Colorado marijuana business. In September, Slang closed a deal to purchase Peoria Partners LLC, an edibles manufacturing plant in Denver. If Slang gets the needed approval from the Colorado Department of Revenue, it plans to use the Pleasant Valley facility to grow marijuana for District Edibles, another Slang subsidiary in Colorado, with Peoria Partners handling District's extraction, production and distribution processes.Related Stories Major Dispensary Takeover Set for September 1 Five of Schwazze's Planned Marijuana Mergers Terminated Since May Ballpark Holistic Dispensary Sold to The Dab, Silverpeak Group We Believe Local Journalism is Critical...
    Colorado is losing billionaires. And most of the remaining members of this very exclusive club are leaking net worth during the global downturn caused by the COVID-19 pandemic. Five Colorado residents made the 2020 Forbes 400, released last month, which tracks the richest Americans; all of them are billionaires. In 2017, Colorado boasted ten billionaires; this year, according to a real-time update from Forbes, that number is down to eight, with all but one of the survivors ranked lower among the world's 2,000-plus billionaires than they were three years ago. The majority are also worth less money overall, and one entry is down by more than two-thirds, suffering a loss in net worth of nearly $4 billion in just the last month. The two Coloradans who didn't make Forbes's cut this year are Cargill MacMillan III and William MacMillan, who tied for ninth on the 2017 roster and 1,678th on the magazine's billionaires rundown that year; each was reported to have assets valued at $1.24 billion. Three years ago, they were two of fourteen related billionaires who owned control of Cargill, Inc., which...
    Apple has received a title that may not surprise either the company itself or its followers. According to a report published on BrandZ, Apple has been named the best technology company in the world. However, and in an age where each representative of this sector of the economy surprises us every day with innovative products and services, we will share some of the reasons why it has been deserving of this title. The classification made by the analyst BrandZ considers a place in its list of the 100 best technology brands, those with the highest absolute contribution in dollars at the total value of their respective parent companies, considering both current and projected performance. In another classification derived from a study by the same analyst, Apple also positioned itself as the second most valuable global brand. Apple is the best at what it does, according to a study As the aforementioned report explains, a company may have great overall business value, but the absolute dollar contribution it owns may not be a comparatively large figure, at least not a figure...
    By Oct 1, that number could maximize by extra than 300,000.That was the headline at this week’s press briefing by the Pan American Wellness Business, citing modeling by the College of Washington that predicts a lot more than 438,000 overall deaths throughout the location by means of the conclusion of September. That usually means, on average, approximately 3,500 people today could die of the virus each day among now and then.The model’s creators say they assumed nations in the projection will follow social distancing recommendations. And if prevention measures weaken, fatalities could be even greater. Large populations, major complications The eight most populous nations in Latin The united states and the Caribbean — Brazil, Mexico, Colombia, Argentina, Peru, Venezuela, Chile and Ecuador — make up far more than 82% of the region’s populace. So, it is not shocking that these countries are driving the exponential growth in each coronavirus circumstances and fatalities. Of the region’s 33 overall nations around the world, these 8 international locations make up 94% of whole cases and 96% of overall deaths. Brazil is considerably and...
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