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Billionaire Tom Gores to buy 27% of the LA Chargers for $750 million
Gores is buying in at an enterprise value of $4 billion, more than a 30% discount to the team's value of $5.83 billion, according to CNBC's 2024 rankings.Business - CNBC - October 17 -
Lucid stock tumbles following public offering to raise $1.67 billion
Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."Business - CNBC - October 17 -
Archdiocese of LA agrees to $880 million settlement over sex abuse claims
The Catholic Archdiocese of Los Angeles has agreed to pay $880 million to settle sex abuse claims made by more than 1,3000 alleged victims dating back to the 1940s.Top stories - CBS News - October 16 -
Cleveland wins $60 million federal grant to help connect Downtown to the lakefront
Cleveland took a significant leap Wednesday on the road to remaking its lakefront. The city won almost $60 million in federal grants to help convert the Shoreway into a slimmed-down boulevard.Sports - Yahoo Sports - October 16 -
Biden Administration to Invest $900 Million in Small Nuclear Reactors
The decision to invest in small nuclear reactors will help the U.S. meet its emissions goals.Business - Inc. - October 16 -
Here's Just How Massive Elon Musk's $75 Million Trump Donation Is
Elon Musk isn't the only Silicon Valley billionaire to line up behind Donald Trump's presidential campaign. See how his donations, which total $75 million, make everyone else look tiny in comparison.Tech - Wired - October 17 -
Inside the Secretive $700 Million Ad-Testing Factory for Kamala Harris
Future Forward has ascended to the top of the Democratic political universe, but it has also drawn suspicion and second-guessing.Top stories - The New York Times - October 17 -
Can a $350 Million Plan Transform 5th Avenue Into a Grand Boulevard?
New York City officials and business leaders plan to expand sidewalks, add seating areas and trees and remove two car lanes to make the renowned avenue more pedestrian friendly.Top stories - The New York Times - October 17 -
The Musk-led group driving millions to Trump’s White House bid
Also in today’s newsletter, shamelessness in American politics and Kamala Harris’s appearance on Fox NewsWorld - Financial Times - October 17 -
Elon Musk Commits $70 Million to Boost Donald Trump
The billionaire tech mogul has become one of the biggest GOP donors through his America PAC.Business - Inc. - October 17 -
More than 7 million watched Harris Fox News interview
More than 7 million people tuned in to watch Vice President Harris's interview with Fox News anchor Bret Baier, according to Nielsen Media Research data. The less-than-half-hour sit-down between ...Politics - The Hill - October 17 -
Trump's plan to deport millions of immigrants would cost billions
Former President Donald Trump is doubling down on his promise to carry out the largest mass deportation effort in American history.Top stories - CBS News - October 17 -
Netflix adds 5 million subscribers and beats Wall Street's profit expectations
Netflix reports strong third-quarter earnings, in a sign that its content mix, including "Emily in Paris," and its password-sharing crackdown are still paying off.Entertainment - Los Angeles Times - October 17 -
Netflix to double profits after adding millions of subscribers in three months
After cracking down on password sharing, expanding into ads and investing billions in live TV, group declares success. Netflix expects to double its profits this quarter after the world’s largest ...World - The Guardian - October 17 -
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Los Angeles Archdiocese agrees to pay millions in sexual abuse cases
The Archdiocese of Los Angeles has agreed to pay $800 million to settle decades-old claims of sexual abuse. The settlement covers more than 1,300 victims of abuse involving some 300 priests. CBS ...Top stories - CBS News - October 17 -
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6 million pills seized, 47 arrested in major drug smuggling bust
The pills seized had an estimated street value of $13.6 million, officials said.Top stories - CBS News - October 18 -
A rare copy of the U.S. Constitution sells for $9 million at auction
A rare copy of the U.S. Constitution forgotten inside a filing cabinet sold on Thursday for a $9 million hammer price, the auction house confirmed to CBS News.Top stories - CBS News - October 18 -
Cuba's power grid fails leaving millions without electricity
Cuba is experiencing a nationwide blackout after a major power plant failure, shutting down the electrical grid and leaving 10 million people without power. This outage adds to an ongoing crisis, ...Top stories - NBC News - October 18 -
This Museum Is Old. But With $75 Million to Spend, Why Is It So Dingy?
Decades of mismanagement and financial neglect have turned the New York State Museum, a trove of national treasures, into a dreary place.Top stories - The New York Times - October 19 -
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Rare Copy of U.S. Constitution Sells for More Than $11 Million
The document, which was sold to an anonymous bidder at an auction in North Carolina, was among the first copies of the Constitution ever printed, experts said.Top stories - The New York Times - October 19 -
Slow progress after Cuba’s electrical grid collapses twice in 24 hours
As electricity was being restored in parts of Cuba following an island-wide blackout, a total collapse of the electrical grid occurred once again.Top stories - NBC News - October 20 -
Cuba's power grid collapses again, keeping millions in the dark
Cuba's main electrical grid has failed, frustrating Cubans across the island, with up to ten million still in the dark. NBC News' George Solis has the latest.Top stories - NBC News - October 19 -
Musk’s $1 Million Offer Raises New Legal Questions
Some election lawyers said the giveaway may run into laws that prohibit paying people to register to vote.Top stories - The New York Times - October 21 -
More than 1 million voters cast early ballots in North Carolina
Nearly 1.01 million North Carolinians have already voted in the November general election, state officials reported Sunday. The North Carolina State Election Board said 1,008,123 ballots have ...Politics - The Hill - October 20 -
Millions in Cuba remain without power as Hurricane Oscar makes landfall
Millions remain without power in Cuba for a third consecutive day as slow progress is made in restoring electricity following three major grid failures.Top stories - NBC News - October 21 -
Trump allies spending millions to dissuade voters in key states from polls
In critical battlegrounds, Maga allies mounting lawsuits to ‘lay the groundwork’ to challenge election if he loses. US politics – live updates Key rightwing legal groups with ties to Donald ...World - The Guardian - October 21 -
Why Elon Musk’s $1 Million Giveaways Could Be Troublesome
Legal experts question the billionaire’s plan to hand out huge payments in battleground states as part of a get-out-the-vote drive.Business - The New York Times - October 21 -
Elon Musk's $1 million-a-day election giveaway sparks legal doubts
Elon Musk's pledge to give away $1 million a day to voters for signing his PAC's petition is prompting questions about its legality.Top stories - CBS News - October 21 -
SSAB Gets $139 Million in Swedish State Aid to Help Decarbonize
The EU approved Swedish state aid worth $139.1 million to help steelmaker SSAB decarbonize its production.Business - The Wall Street Journal - October 21 -
City of Akron pays $4.85 million to family of Jayland Walker
The city of Akron, Ohio has agreed to pay nearly $5 million to the family of Jayland Walker, a Black man officers shot more than 40 times after a car chase. In a joint statement released on ...Politics - The Hill - October 21 -
Biden administration to provide $325 million for new Michigan semiconductor factory
The federal government plans to provide up to $325 million to Hemlock Semiconductor to produce a key material for computer chips, an announcement Monday with possible political significance as the ...Tech - ABC News - October 21 -
SpaceX Gets $734 Million National Security Satellite Launch Contract
If you need proof that the space industry has undergone huge upheaval, check out the win SpaceX—still technically a startup—has just pulled off, beating big name opposition to a huge paycheck.Business - Inc. - October 21 -
ICE's $2 Million Contract With a Spyware Vendor Is Under White House Review
Immigration and Customs Enforcement's contract with Paragon Solutions faces scrutiny over whether it complies with the Biden administration's executive order on spyware, WIRED has learned.Tech - Wired - October 21