Day: June 21, 2022

Steven Gluckstern, Who Pushed for Mortgage Relief, Dies at 71

“He knew going into it that it might be impossible,” Judy Gluckstern said in a phone interview. “He was frustrated, but he didn’t let any grass grow. He moved on to the next thing.” Mr. Gluckstern’s next ventures included being a founder and owner of a new independent minor league baseball team, the Chicago Dogs, …

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F.D.A. Set to Propose Lower Nicotine Levels in Cigarettes

The Food and Drug Administration is planning to require tobacco companies to slash the amount of nicotine in traditional cigarettes to make them less addictive, a move intended to reduce smoking, according to a notice posted Tuesday on a U.S. government website. According to the notice, “this proposed rule is a tobacco product standard that …

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Tesla Is Forcing the Auto Industry to Rethink How It Sells Cars

In 2019, many auto experts said Tesla was making a big mistake by deciding to sell cars only online, arguing that whatever bad feelings people had about dealerships they were essential to the car business. But the strategy, which was adopted by Elon Musk, Tesla’s chief executive, and combines direct sales with a limited number …

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Senior Black Executives Depart Amazon as It Names New Consumer Boss

Two of Amazon’s most senior Black executives are departing the company, according to four people familiar with the change, leaving Amazon without any Black leaders on its senior leadership team, which includes more than two dozen executives responsible for running the company. Amazon confirmed the departures on Tuesday shortly after announcing a new head of …

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Higher Ground, the Obamas’ Production Company, Signs With Amazon’s Audible

Higher Ground, the production entity led by former President Barack Obama and Michelle Obama, the former first lady, has signed an exclusive, multiyear production deal with Audible, the audio arm of Amazon, just two months after a similar agreement with Spotify ended. Though Higher Ground and Audible did not share any specific details about the …

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Naomi Osaka Starts a Media Company, With Help From LeBron James

She is a four-time Grand Slam singles champion who ranks as the world’s highest-paid female athlete, having earned $57 million in 2021, mostly from sponsorships. Walmart recently began to stock products from her skin care company, Kinlò, in nearly 3,000 locations. Last month, she started a sports representation agency. And now Naomi Osaka is pushing …

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