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The World Food Program (WFP) is sounding the alarm on a growing food crisis. The U.N. agency said if it doesn’t receive more emergency funding, up to 20 million people could go hungry. The WFP is hoping to raise $473 million over the next six months to support 7.5 million people. Without the funding and…
Twitter’s board of directors voted to take a poison pill to try to prevent Elon Musk from executing a hostile takeover. Also called a shareholders-rights plan, a company engages in a poison pill strategy by diluting the value of the hostile party’s shares by flooding the market with new, discounted stock. The practice became widely…
After Elon Musk made an above-market-value bid to buy Twitter, the company’s board of directors indicated it would rather swallow a poison pill than let Musk take over. On Friday, Twitter’s board announced it unanimously adopted a shareholders-rights plan, also known as a poison pill, after Musk’s unsolicited offer. What’s a poison pill? A poison…
Elon Musk is all in on Twitter, offering roughly $43 billion to buy out the public company and take it private. The world’s richest man already owns 9.2% of Twitter and is the company’s largest shareholder. According to an SEC filing, Musk would pay $54.20 per share, which is an 18% premium over Wednesday’s share…
A man with Philadelphia connections who was initially a person of interest in the investigation into a shooting on a rush-hour subway train in Brooklyn, New York, is now considered the suspect in the rampage, Mayor Eric Adams said Wednesday morning. Ten people were shot and wounded in the attack, and over a dozen more…
According to a statement from his family posted on his Twitter account, comedian Gilbert Gottfried died at the age of 67. In the statement, his family said his death Tuesday came “after a long illness.” Gottfried’s publicist and longtime friend Glenn Schwartz specified in a statement that the illness was recurrent ventricular tachycardia due to…
President Biden issued new regulations on ghost guns assembled at home. The new rules will require the addition of serial numbers and background checks for the creation and sale of the weapons. “A felon, a terrorist, a domestic abuser can go from a gun kit to a gun in as little as 30 minutes,” President Biden…
Elon Musk is apparently not on board with serving on Twitter’s board of directors, declining the seat the morning his appointment was supposed to take effect. Twitter’s stock price fluctuated throughout Monday’s trading day as investors learned the company’s largest shareholder backed out of the board. Still, the stock remained markedly higher than before Musk took…
As the West continues to hit Russia with sanctions over the country’s invasion of Ukraine, President Vladimir Putin is having trouble finding support in the United States. Prior to the war, a YouGov poll in January found that Republicans viewed Putin more favorably than members of Democratic leadership. This sentiment has largely changed, with Putin’s…
Universities are reporting record-low acceptance rates across the board this spring, and Ivy League schools are no exception. At the top of the heap, Harvard just announced it accepted 3.19% of its applicants for the class of 2026, a record low for the Crimson Ivy amid record-high applicants. But in the real world, lots of…
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