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U.S. recovers some of the money paid in the Colonial Pipeline ransom, officials say

A sign warns consumers on the avaliability of gasoline at a RaceTrac gas station on May 11, 2021, in Smyrna, Georgia.Elijah Nouvelage | AFP | Getty ImagesWASHINGTON – U.S. law enforcement officials said Monday they were able to retrieve some of the money paid to a criminal cybergroup involved in the crippling ransomware attack on Colonial Pipeline, according to NBC News.Officials from the Department of Justice are slated to discuss the operation at a 3:15 ET press briefing.Last month a criminal cybergroup known as DarkSide launched a sweeping ransomware assault on Colonial Pipeline. The cyberattack forced the company to shut down approximately 5,500 miles of American fuel pipeline, leading to a disruption of nearly half of the East Coast fuel supply and causing gasoline shortages in the Southeast.Ransomware attacks involve malware that encrypts files on a device or network that results in the system becoming inoperable. Criminals behind these types of cyberattacks typically demand a ransom in exchange for the release of data.Colonial Pipeline paid a nearly $5 million ransom to the hackers, one source familiar with the situation confirmed to CNBC. It was not immediately clear when the transaction took place.After the attack by DarkSide, President Joe Biden told reporters that the U.S. did

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Op-ed: Quality TV news could be a casualty of the streaming wars

In this articleCMCSAWalter Cronkite broadcasting for CBS at the GOP Convention in Miami Beach Convention Center in Miami Beach, Florida, 1968.Ben Martin | Archive Photos | Getty ImagesThere has been an enormous amount of focus in the media world over the last 18 months about how TV and movie entertainment are moving to streaming services. While Netflix has become a staple of television service in some 70 million American households, the addition of Disney+, Hulu, HBO Max, Peacock, Apple TV+, Paramount+, and Amazon Prime has created a veritable buffet of entertainment choice for consumers. The recent merger announcement of Discovery with Time Warner, bringing together Discovery+ with HBO Max, has further underscored that the future of TV lies in streaming entertainment services. Sports programming has gotten into the game. ESPN, which has been slow out of the gates into streaming, has recently signed renewal deals for substantial amounts of professional sports programming that give it flexibility to air those offerings on the ESPN+ streaming service. In addition, Amazon recently agreed to pay the NFL $10 billion just to air Thursday Night Football on its streaming service over the next ten years.As entertainment and sports programming migrate to the streaming world,

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Mark Cuban-backed banking app Dave going public via $4 billion SPAC

In this articleVPCCJason Wilk, DaveBanking app Dave announced Monday that the company will make its market debut through a SPAC merger with VPC Impact Acquisition Holdings III.The agreement values Dave at $4 billion and is expected to close in the second half of this year. Upon completion of the deal, it intends to list on the New York Stock Exchange under ticker symbol DAVE.The company, ranked No. 26 on last year’s CNBC Disruptor 50 list, was most recently valued at $1 billion in August 2019, according to PitchBook data.Victory Park Capital, a global investment firm headquartered in Chicago, has a long track record of debt and equity financing transactions in fintech, and has been a longstanding investor in Dave, most recently providing a $100 million credit facility to the company in January 2021. VPCC completed its initial public offering in March 2021.Dave — shorthand for the hero in the David vs. Goliath tale — is designed to eliminate many of the features customers can’t stand about legacy banks. The company started with overdraft fees. For a $1-per-month membership fee, users can access checking accounts with no fees and up to $100 in overdraft protection without fees or interest. Members who sign up for direct deposit also

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Sammons Financial Group Life Division Leader to Retire at Yearend

DES MOINES, Iowa, June 7, 2021 /PRNewswire/ — Steve Palmitier, President and Chief Operating Officer of Sammons Financial Group’s life insurance division, announced today his plan to retire at the end of the year. Palmitier is a financial services industry veteran and has been instrumental at growing Sammons Financial Group’s life insurance business lines – Midland National and North American – since joining the company in 1996.”First and foremost, Steve is a builder of relationships – which is the fundamental building block of success in the financial services industry,” said Esfand Dinshaw, Sammons Financial Group Chief Executive Officer. “While we celebrate his decades of service, we will miss Steve and the focus, integrity, and openness he brought to running our life insurance business line for so many years.”Palmitier is responsible for life insurance sales, distribution, marketing, research, product development, and strategy for Midland National and North American. Palmitier has 43 years in the life insurance industry, beginning his career as an agent and later becoming a regional vice president and home office executive.In his 25 years at Sammons Financial Group, he grew the life business line and led his team through key mergers and acquisitions including the acquisition of Clarica

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NBCUniversal will air more than 7,000 hours of Olympics coverage on TV and streaming video

In this articleCMCSASimone Biles competes on the uneven bars prior to the Senior Women’s competition of the U.S. Gymnastics Championships at Dickies Arena on June 06, 2021 in Fort Worth, Texas.Jamie Squire | Getty ImagesNBCUniversal, the parent company of CNBC, announced Monday it will show more than 7,000 hours of content from the Tokyo Olympics across its networks and streaming platforms.Historically, the Summer Olympics has been a massive draw for viewers. In 2016, the two-week event attracted an average of 27.5 million viewers across all NBC platforms, and delivered 3.3 billion minutes of streaming video. The 2012 Games in London attracted roughly 31 million viewers, and the 2008 Beijing Olympics averaged 27 million viewers.This year’s spectacle, which was postponed from 2020 because of the Covid pandemic, runs from July 23 to Aug. 8, with NBC’s broadcast network anchoring prime-time events. The games will include 41 sporting events, including new competitions such as baseball, softball, skateboarding, surfing and karate.NBC will show popular competitions, including the USA men’s basketball team’s chase for a 16th gold medal, women’s basketball, women’s soccer, swimming and gymnastics featuring USA champion Simone Biles. More than 5,000 hours will stream on NBColympics.comIn addition, cable sports network NBCSN will

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Canadian Market Up Marginally In Lackluster Trade

(RTTNews) – After hitting a new high at the start, the Canadian market slipped into the red Monday morning, and is turning in a subdued performance since then as investors look for direction. Consumer discretionary, energy and industrial shares are weak. Materials shares are also mostly subdued. Healthcare stocks are up sharply. Real estate and information technology stocks are among the other notable gainers. The benchmark S&P/TSX Composite Index is up 15.12 points or 0.08% at 20,044.31 about an hour past noon. The index, which hit a new high at 10,067.19 in opening trades, slid to a low of 19,994.55 subsequently. The Capped Healthcare Index is climbing up 4.6%. Trillium Therapeutics Inc (TRIL.TO) shares are soaring nearly 17%. Aurora Cannabis (ACB.TO) is gaining 8.2%, Tilray Inc (TLRY.TO) is rising nearly 7%, Canopy Growth Corp (WEED.TO) is up 6.25% and Organigram Holdings (OGI.TO) is up 5.7%. Cronos Group (CRON.TO) is gaining 3.6%. Consumer discretionary stock Brp Inc. (DOO.TO) is declining nearly 6%. Martinrea International (MRE.TO) is down 2.5%, while Magna International (MG.TO) and Gildan Activewear (GIL.TO) are down 1.8% and 1.7%, respectively.

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Facebook won't take a cut from creators until 2023, Zuckerberg says in shot at Apple

In this articleFBThe founder and CEO of Facebook Mark Zuckerberg speaks during the 56th Munich Security Conference in Munich, southern Germany, on February 15, 2020.Christof Stache | AFP | Getty ImagesFacebook CEO Mark Zuckerberg on Monday announced that the social media company will wait until at least 2023 before taking a cut of revenue from creators who use the site to distribute their work or promote events.Specifically, the company will not take a cut of any revenue generated by paid online events, fan subscriptions, badges, and Facebook’s upcoming independent news product, Zuckerberg said in a post on Facebook.Zuckerberg also used his post to make a jab at Apple, which kicks off its WWDC annual developers conference on Monday.”When we do introduce a revenue share, it will be less than the 30% that Apple and others take,” Zuckerberg wrote, referring to the cut Apple takes on all products sold through apps that users have downloaded through its App Store. “We’re also launching a new payout interface so creators can see how different companies’ fees and taxes are impacting their earnings.”Zuckerberg’s retort is the latest incident in a long-running feud between Facebook and Apple, which reached a new peak earlier this spring

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ProSomnus® Sleep Technologies Showcased in Key Poster Abstracts at the SLEEP 2021 Meeting

SAN FRANCISCO, June 7, 2021 /PRNewswire/ — ProSomnus Sleep Technologies devices will be showcased in at least two poster abstracts at the upcoming virtual SLEEP 2021 Meeting, June 10-13. SLEEP 2021, is the 35th annual meeting of the APSS, a joint meeting of the American Academy of Sleep Medicine (AASM) and the Sleep Research Society. All SLEEP 2021 ePosters are available for viewing from June 9-13. ProSomnus is committed to evidence-based research that enables clinicians to provide the best patient experiences and outcomes for OSA therapy.Highlighted posters include:Poster #440: “Precision Oral Appliance Therapy: The Prime – Time Treatment for OSA” by Edward T. Sall, MD, DDS, MBA.Key Takeaways: Precision oral appliances are capable of successfully treating patients with mild, moderate and severe OSA. The majority of patients were treated to an AHI 5 and 29 severe patients with an average AHI of 51.5 were treated to a final average of 9.9. Additionally, patients successfully saw a reduction in upper airway resistance airflow as evidenced by the reduction of RERA’s of 55% for 37 of the patients, showing that a precision oral appliance can have a significant impact on the upper airway. The results of this study suggest that precision Oral

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