Priests say they were expelled from St. John's church for Trump photo-op - Business Insider
- Shortly before D.C.'s 7 p.m. curfew, law enforcement used tear gas, rubber bullets, and flash-bang grenades to clear a crowd of peaceful demonstrators who had gathered in Lafayette Park so that Trump could walk to the church, which had been damaged by fire the night before, and take photos holding a Bible in front of the building.
- In a lengthy Facebook post and in an interview with Religious News Service, the Reverend Gini Gabresi, a Rector at St. John's Episcopal Church in Georgetown who was at the Lafayette location on Monday, said that in addition to peaceful protestors in the square, clergy members inside and on the church patio were subject to tear gas and forced out of the area for the president's photoshoot.
- Rev. Glenna Huber, the Rector at the Church of the Epiphany who was also at St. John's Lafayette the day of the protest, told the Religious News Service that she exited the area and left the church grounds before most of the tear gassing.
Blackout Tuesday posts hide info with Black Lives Matter, BLM hashtags - Insider
- A social media movement encouraging people to post plain black squares on Instagram in an effort to elevate Black voices on the platform has unintentionally hidden those voices, as many people are including Black Lives Matter hashtags in their posts.
- The #BLM and #BlackLivesMatter hashtag pages on Instagram have been used to disseminate information and resources about the nationwide police brutality protests in the wake of George Floyd's death.
- Rep. Alexandria Ocasio-Cortez urged her Instagram followers not to use the BLM and Black Lives Matter hashtags with Blackout Tuesday posts.
- If you must post a blackout pic use the hashtags #blackouttuesday, #theshowmustbepaused, etc which were originally made by Black women organizers in the music industry.
- Other actions taken by some on social media, like sharing the video of George Floyd being pinned down by Minneapolis cops before he died in police custody, have been widely criticized for doing more harm than good.
PR giant Edelman lays off 390 employees amid coronavirus - Business Insider
- PR giant Edelman is laying off 390 people, about 7% of its employees worldwide in response to the coronavirus pandemic, according to a memo the company shared with Business Insider.
- As a result, we are no longer able to sustain our business without layoffs, furloughs, reduced work weeks and additional compensation reductions of mostly senior people scaled by salary level.
- To maintain the financial security of our business, we will reduce our workforce by approximately 390 people, which is less than 7% of our global team, and will be asking for salary reductions from 5-20% scaled by employee compensation level.
- For 68 years, the people of Edelman have been building a company brick-by-brick based on a set of principles that include client service, creativity, entrepreneurship, intellectual capital accessible to clients, never taking on debt, earnings reinvested in the business, global and local excellence, engagement within the communities where we operate, and family-owned independence.
Elon Musk: It took 100,000 people to launch NASA astronauts into space - Business Insider
- Over the weekend, SpaceX achieved its most important feat to date since Elon Musk founded the rocket company in 2002: the launch of NASA astronauts Bob Behnken and Doug Hurley into space.
- Behnken and Hurley became SpaceX's first human passengers on Saturday with their launch into orbit aboard Crew Dragon.
- The astronauts' mission, called Demo-2, is meant to show NASA that SpaceX can launch people into orbit and return them to Earth safely.
- A SpaceX Falcon 9 rocket, with NASA astronauts Doug Hurley and Bob Behnken in a Crew Dragon capsule on top, launches from Pad 39-A at the Kennedy Space Center in Cape Canaveral, Florida, on May 30, 2020.
- Musk said SpaceX "just barely made it there" with Falcon 1's successful launch; a fourth failure would have bankrupted the company.
Trump congratulates 'overwhelming force,' 'domination' against protesters - Business Insider
- President Donald Trump said Tuesday that Washington, DC, "had no problems last night." He went on to congratulate himself for law enforcement officials cracking down on protesters demonstrating against racism.
- Demonstrators were also forced out of Lafayette Square that evening before the city's curfew began at 7 p.m. Multiple protesters were also arrested after the city's curfew went into effect, and NBC's Washington affiliate reported that Metropolitan Police Department officers in riot gear began clearing demonstrators from the streets near the White House after using tear gas and flash grenades to clear Lafayette Square and establish a perimeter.
- Republican Rep. Matt Gaetz of Florida suggested earlier in the day that protesters demonstrating against police brutality are part of antifa and should be hunted down like terrorists.
#WendysIsOverParty: Wendy's slammed over franchisee's Trump donations - Business Insider
- Wendy's is facing backlash online after Business Insider reported that a franchisee on Trump's restaurant recovery roundtable donated more than $400,000 to reelect the president.
- In mid-May, the White House announced that Muy Cos. CEO James Bodenstedt would participate in a roundtable with President Trump on the restaurant industry's recovery.
- Muy Cos. owns and operates hundreds of Wendy's, Taco Bell, and Pizza Hut locations across the US, making Bodenstedt the first fast-food franchisee to publicly advise the White House on how to help the restaurant industry recover from the coronavirus pandemic.
- While Bodenstedt is an independent franchisee and Muy Cos. also owns and operates Taco Bell and Pizza Hut locations, Wendy's has faced the brunt of the backlash.
- Trump donors who have publicly advised the White House on restaurant industry recovery include Ray Washburne, the CEO of M Crowd Restaurant Group, and Tilman Fertitta, the CEO of Landry's, which owns restaurant brands such as Bubba Gump, Del Frisco's, and Joe's Crab Shack.
Stock picks to buy: 15 companies with profit growth from Goldman Sachs - Business Insider
- This year's economic nosedive had historic effects on stock prices and company performance.
- But Goldman Sachs says a historic comeback is in the works.
- The drop in 2020 is due to a historic dip in profit margins, as Goldman Sachs says margins just suffered the biggest quarterly decline since 1970.
- The median S&P 500 company will see its ROE shrink over the next year, they wrote.
- With those factors in mind, Kostin's team is putting together a list of companies that Wall Street analysts believe will have the strongest returns on equity over the next 12 months.
- These 15 stocks are ranked from lowest to highest based on the rate of return based on the consensus of analysts covering them.
- Get the latest Goldman Sachs stock price here.
WHO heaped praise on China early in COVID-19 outbreak to get data: AP - Business Insider
- The World Health Organization (WHO) lavished China with praise early in the coronavirus outbreak in an attempt to flatter it into handing over data, a new Associated Press (AP) investigation has found.
- China informed the WHO about the virus on December 31, 2019, and in early January 2020, as the virus spread in Hubei province, the WHO asked China to hand over the genetic map of the virus and detailed patient data.
- But it took until January 12 for China to hand over the genetic sequence, and two more weeks to hand over patient data.
- Despite the apparent lack of cooperation, Tedros — the WHO's director — said on January 30 that China had allowed an international expert team to study the virus in China.
- One expert told Business Insider's Rosie Perper the extra funding was an effort to "boost its superficial credentials" in the pandemic.
Leaks reveal China withheld crucial information about the coronavirus - Business Insider
- China withheld key information about the coronavirus for weeks after it first emerged in January, delaying the international response to the outbreak, a new investigation has revealed.
- Chinese officials failed to share the genetic map, or genome, of the virus for over a week after first decoding it and failed to reveal that the virus could be transmitted between humans for a further two weeks, according to internal World Health Organization documents and testimony obtained by the Associated Press.
- The AP reported on Tuesday that while scientists at the Wuhan Institute of Virology decoded the virus on January 2, Chinese health officials did not publish the details of their findings until over a week later, on January 12.
- It wasn't until January 20 that the Chinese state alerted the World Health Organisation and other governments that the virus could pass between people, according to the Associated Press investigation.
Top VCs reveal how coronavirus will transform healthcare investing - Business Insider
- Byron Ling, a partner at Canaan Ventures who helps lead the firm's consumer investments, is steering clear of healthcare companies that only make incremental improvements to clinical outcomes or business models for doctors and health systems.
- Prior to the pandemic, it was expensive for telemedicine companies and other digital health firms to acquire customers, making it difficult to build big companies in a capital-efficient way, according to Maya Noeth, who leads consumer growth investing for Accel.
- Sarah Guo, who invests in technology and healthcare startups at Greylock Partners, said the pandemic has put a brighter spotlight on the importance of services like mental health, support for working parents, and condition-specific care that employers may not have prioritized before.
- Guo said there had already been a growing interest in mental health, for example, but the pandemic has led workers to demand better benefits and a wider range of options and created more appetite for startups that help employers provide them.