takes

As Big Deals Make the Rounds at the Cannes Market, a Pandemic Era of Dealmaking Takes Shape

Click here to read the full article.

When this year’s Cannes market migrated online, some worried that it might have a negative impact on the business. As it turns out, it’s a lot easier to close international pre-sales when jumping from meeting to meeting means logging into various Zoom rooms, rather than squeezing through throngs of people on the Croisette. Agents and buyers say that while nothing can compare to in-person meetings at Cannes, this week’s virtual markets were productive and offered a blueprint for pandemic-era dealmaking.

In fact, if the Cannes markets are any indication, buyers are hungry for big deals, despite the uncertainty that surrounds whether audiences are comfortable returning to theaters.

More from IndieWire

While the the country’s three largest circuits all plan to reopen all their locations in July, Warner Bros. this week pushed back for a second time the summer’s highest-profile film, Christopher Nolan’s “Tenet,”

Read More

Tech Players Consolidate Healthcare Presence, Apple Takes Lead

Apple AAPL is dominating the wearables market, courtesy of Apple Watch. The company’s focus on health features like ECG and fall detection in the Apple Watch Series 4 has been a game changer.

Moreover, on Jun 23, the iPhone-maker previewed watchOS 7 at its first-ever virtual Worldwide Developers Conference (WWDC), delivering enhanced customization tools and new health and fitness features including sleep tracking, automatic handwashing detection, additional workout types including dance, and a new hearing health feature expanding insight into overall user well-being.

Moreover, the solid adoption of Apple Watch Series 5, has helped the iPhone maker strengthen its presence in the personal health monitor space. Notably, the smartwatch is based on watchOS 6, which comes with additional healthcare and fitness features like Cycle Tracking, the Noise app and Activity Trends.

This Zacks Rank #3 (Hold) company’s wide array of healthcare offerings in watchOS makes it a key differentiator in

Read More

1.48m more Americans file for unemployment as pandemic takes toll

Another 1.48 million people filed for unemployment insurance across the US last week as the grim economic toll of the coronavirus pandemic continued and infection rates picked up in many states.

Claims for unemployment insurance have now fallen for 12 weeks in a row but remain historically high. About 47 million people have now filed for benefits in the last 14 weeks with 3 million claims made in the last two weeks. Last week’s figure was just 60,000 lower than the previous week.

The latest figure comes even as states across the country have begun reopening after relaxing quarantine measures. But surges in infection rates in states, including new record highs in states including Arizona, California and Texas, are likely to prove a further drag on the economic recovery.

Nicholas Juhle, head of economic research at Greenleaf Trust, said a backlog of claims may have been adding to the still

Read More

Trump’s national security adviser takes aim at China

PHOENIX (AP) — President Donald Trump’s national security adviser warned China on Wednesday that the United States is waking up to the threat that it believes the Chinese Communist Party poses “to our great way of life” and will act to check the spread of Beijing’s ideology.

Robert O’Brien said his speech challenging China was the first of many in the coming weeks by senior administration officials, including Secretary of State Mike Pompeo, Attorney General William Barr and FBI Director Christopher Wray.

“The days of American passivity and naivety regarding the People’s Republic of China are over,” O’Brien told a group business leaders in Phoenix.

“America, under President Trump’s leadership, has finally awoken to the threat of the Chinese Communist Party’s actions and the threat they pose to our great way of life.”

This latest verbal offensive is an extension of Trump’s harsh words for Beijing’s handling of the coronavirus,

Read More

SC Gov. McMaster takes side on Strom, but not on colleges’ push to change building names

As a powerful movement builds across South Carolina to remove the names of monuments to racists and segregationists from university buildings and public squares, the state’s top elected official has so far been publicly silent on whether a 20-year-old law preventing those erasures without support of a super majority of legislators is just or should be repealed.

But Friday, S.C. Gov. Henry McMaster’s spokesman gave the first indication of where the governor and former state attorney general stands on the Heritage Act, which says only a two-thirds vote by the General Assembly can remove or change war monuments and the dedication of roads, parks and other public spaces to historical figures.

“Boards of universities have every right to ask for these changes — that’s why the law exists as it does, and the governor is supportive of them doing so and the General Assembly debating them, with public input, as

Read More

Ritz Paris Tableware Gets Ready for Auction, #ShareTheMicNow Initiative Takes Off, and More News This Week

From significant business changes to noteworthy product launches, there’s always something new happening in the world of design. In this weekly roundup, AD PRO has everything you need to know.

Sales

Looking for the Perfect Finishing Touch for Your Next Client Project? Try Some Tableware From the Ritz Paris

This weekend is set to include a very special—and limited—opportunity for fans of the iconic Ritz Paris hotel. Thanks to Artcurial, individuals will be able to bid on pre-renovation examples of the Ritz’s tableware, glassware, silverware, and other cutlery. (If this concept rings a bell, it might be because an auction of the hotel’s furnishings already took place a couple years ago.) Regardless, highlights of this sale include a Marthe service commissioned by Ceìsar Ritz in 1898 for the opening of the hotel, a Ritz Club service designed by Jean Boggio, and more than 450 lots of Limoges porcelain. “This auction

Read More

B.C. warns ‘it only takes one person’ to spread COVID-19, U.S.-Canada border to remain closed

As cases of COVID-19 continue to spread around the world, Canadians seem to be increasingly concerned about their health and safety

Check back for the latest updates on the coronavirus outbreak in Canada.

For a full archive of the first month of the pandemic, please check our archive of events.

Dr. Bonnie Henry, British Columbia’s provincial health officer, commented on the recent COVID-19 outbreaks in Beijing, connected to a wholesale food market, and New Zealand, linked to people who travelled from the U.K.

“Once this virus is anywhere, it’s a risk everywhere,” Dr. Henry said. “We all need to continue to be aware that this is going to be in our communities for some time.”

Related to Beijing in particular, Dr. Henry said she is watching the situation “very carefully” and although transmission has not been linked to a food product directly, it has been linked to the people who … Read More

Russia may slash main interest rate as coronavirus takes toll: Reuters poll

By Elena Fabrichnaya and Andrey Ostroukh

MOSCOW (Reuters) – Russia’s central bank is expected to cut its benchmark interest rate by a deeper-than-usual 100 basis points on Friday, as the economy plunges into recession due to still-low oil prices and a lockdown aimed at curbing the spread of the new coronavirus.

Nineteen analysts and economists in a Reuters poll of 31 experts said they believed the central bank would cut its key rate to a record low of 4.5% <RUCBIR=ECI>.

“We expect the central bank to cut the key rate by 100 basis points at the next meeting as there is no speed-up in inflation,” said Sergey Konygin, chief economist at Gazprombank.

Governor Elvira Nabiullina has openly said the board will consider cutting rates by 100 basis points on June 19, among other options.

That would make lending cheaper and may lessen the economic contraction after the coronavirus pandemic, which

Read More

What is Juneteenth? Holiday marking Emancipation Proclamation takes on extra importance in 2020

Correction: An earlier version of this story misstated Juneteenth’s relation to slavery. It celebrates the Emancipation Proclamation, but the Emancipation Proclamation didn’t apply to all states in the USA. The 13th Amendment brought an end to slavery.

On June 19, Americans around the country will celebrate Juneteenth, a holiday commemorating the Emancipation Proclamation in the USA.

This year, the annual celebration of freedom comes as the country grapples with its long-standing history of systemic racism, as well as the fate of its Confederate monuments, flags and symbols amid nationwide protests against police brutality and racism after the death of George Floyd.

“Juneteenth is a unifying holiday. It is the completion of the celebration of freedom in America,” said Steve Williams, president of the National Juneteenth Observance Foundation. 

Civil War reenactors, from left, Lt. James Hayes, Samuel Stephenson and Marvin-Alonzo Greer participate in a Juneteenth celebration June 20, 2014, at the Atlanta Cyclorama and Civil War Museum. Although the Emancipation Proclamation freed the slaves in the South in 1863, it could not be enforced in many places until after the end of the Civil War in 1865.
Civil War reenactors, from left, Lt. James Hayes, Samuel Stephenson and Marvin-Alonzo Greer participate in a Juneteenth celebration June 20, 2014, at the
Read More