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  • Bob Baffert’s National Treasure wins Preakness, hours after another of his horses was euthanized

    Bob Baffert’s National Treasure wins Preakness, hours after another of his horses was euthanized

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    Bob Baffert choked back tears and his voice cracked while trying to juggle the feelings of one of his horses winning the Preakness Stakes and another being euthanized on the same track.

    “This business is twists and turns, the ups and downs,” he said. “To win this — losing that horse today really hurt. … It’s been a very emotional day.”

    National Treasure won the Preakness on Saturday in Baffert’s return to the Triple Crown trail following a suspension, but it came hours after another 3-year-old colt, Havnameltdown, was put down because of a left leg injury in an undercard race. The victory ended Mage’s bid for the Triple Crown in a conflicting scene similar to that of two weeks earlier when he won the Kentucky Derby in the aftermath of seven horses dying in 10 days at Churchill Downs.

    National Treasure, the 5-2 second choice, held off hard-charging Blazing Sevens down the stretch to win the 1 3/16-mile, $1.65 million race by a head in 1:55.12.

    “He fought the whole way,” jockey John Velazquez said. “He put up a really good fight. … That’s what champions do.”

    National Treasure paid $7.80 to win, $4 to place and $2.60 to show. Blazing Sevens paid $5 to place and $2.80 to show.

    Mage finished third after going off as the 7-5 favorite, paying $2.40 to show. His defeat, caused by a pace much slower than the Derby, means there will not be a Triple Crown winner for a fifth consecutive year.

    “I followed every single step of the way, the winner,” Mage jockey Javier Castellano said. “But those horses, with pace, no speed in the race, hard to catch.”

    Much like Castellano won the Derby in his 16th try, Velazquez broke an 0-for-12 drought in the Preakness.

    “It’s been a while,” Velazquez said. “The success that I had in other races, not having won this one — it was definitely missing, so special to have it.”

    Baffert had a rollercoaster day, back at Pimlico Race Course from a suspension that kept him from entering a horse in the Preakness last year. The thrill of victories by National Treasure in the Preakness and Arabian Lion in an earlier stakes race contrasted with the agony of Havnameltdown’s death.

    Black barriers were propped up on the dirt track while the horse was put down. All the while, 2Pac’s “California Love” blared from the infield speakers at what is intended as an annual daylong celebration of thoroughbred racing.

    By evening, Baffert was celebrated for winning the Preakness for a record eighth time, breaking a tie with 19th-century trainer R. Wyndham Walden. In 2018, Baffert matched Walden with seven wins at the Baltimore race with Justify, who went on to become the sport’s 13th Triple Crown winner — and Baffert’s second, after American Pharoah ended a lengthy drought for the sport in 2015.

    This was Baffert’s first Preakness in two years because of a ban stemming from 2021 Kentucky Derby winner Medina Spirit’s failed drug test that led to a disqualification in that race. Medina Spirit was Baffert’s most recent Preakness horse, finishing third.

    Baffert didn’t arrive in Baltimore until Thursday this week, seeking to keep a lower profile than usual given the questions that have dogged him and clouded his reputation. A Hall of Famer and a longtime face of horse racing, Baffert sought to move past his suspension when asked Friday.

    “We just keep on moving forward,” he said. “We have other horses to worry about. A lot of it is noise, so you keep the noise out and continue working.”

    While horse racing deaths in the U.S. are at their lowest level since they began being tracked in 2009, adding another at the track hosting a Triple Crown race will only intensify the internal and external scrutiny of the industry. Those inside it have said they accept the realities of on-track deaths of horses while also acknowledging more work needs to be done to prevent as many as possible.

    In that vein, new national medication and doping rules are set to go into effect on Monday. The federally mandated Horseracing Integrity and Safety Authority, which already regulated racetrack safety and other measures, will oversee drug testing requirements for horses that should standardize the sport nationwide for the first time.

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  • How UnitedHealth Group grew bigger than the nation’s biggest banks

    How UnitedHealth Group grew bigger than the nation’s biggest banks

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    UnitedHealth Group has the highest price per share of any company on the Dow Jones Industrial Average and it’s the tenth heaviest-weighted stock on the S&P 500.

    In fact, not only is UnitedHealth the biggest health-care conglomerate in the United States based on market cap and revenue, it’s even bigger than JPMorgan Chase, the nation’s largest bank.

    And it is a Wall Street darling, with experts optimistic about the company’s future: 22 of 25 analysts currently label it a buy.

    “If I had to pick one stock, only one stock to buy, I’d buy United[Health],” said Ana Gupte, principal at AG Health Advisors.

    UnitedHealth “has had superior stock performance over everybody else for two reasons,” said Lance Wilkes, managing director and senior research analyst at Bernstein Research. “One would be strategic vision and the other is strategic capital management.”

    UnitedHealth has increased its annual revenue since 2012 by more than $100 billion, when adjusted for inflation. It achieved this by engaging in a unique acquisition strategy. It started with smaller deals that have grown while many of UnitedHealth’s competitors such as Aetna and Humana or Anthem and Cigna tried to broker much larger ones, only to be stopped by regulators.

    Conversely, UnitedHealth leaned into a vertical-integration strategy, buying up smaller companies and building them into its growing health-care business.

    UnitedHealth’s size makes it “relatively immune to economic cycles” due to the company’s wide diversity, Gupte said. “It makes it very attractive from an economic cycle and a macro environment perspective.”

    Until recently, its acquisition strategy allowed it to grow without catching too much scrutiny from regulators. But in January 2021, UnitedHealth and Change Healthcare announced a nearly $8 billion all-cash deal that was challenged by the Department of Justice due to antitrust concerns.

    Health-care companies “are becoming more and more [like] utilities,” Wilkes said. “Consequently, I think they’re going to have very large market shares because … you wouldn’t want redundant services through the system.”

    “I think at this point you we would consider UnitedHealth Group just kind of like … core health infrastructure at this point in America,” said Matt Stoller, director of research at the American Economic Liberties Project and author of Goliath: The Hundred Year War Between Monopoly Power and Democracy.” “It’s too big to manage.”

    “UnitedHealth Group is committed to improving the health system for everyone, advancing evidence-based practice and aligning incentives across the system to ensure people get the right care at the right time in the right place,” UnitedHealth Group told CNBC.

    “Because we serve people throughout every aspect of the health system, we have a unique ability to identify opportunities to better integrate care and benefits, develop solutions and deploy them at scale to improve access, lower costs and make the experience better for patients and providers,” it said.

    Watch the video above to learn how UnitedHealth Group grew so big and what that means for the U.S. health-care system.

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  • Justice Department wins lawsuit to undo JetBlue, American Airlines partnership in the Northeast

    Justice Department wins lawsuit to undo JetBlue, American Airlines partnership in the Northeast

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    An American Airlines plane takes off near a parked JetBlue plane at the Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort Lauderdale, Florida.

    Joe Raedle | Getty Images

    A federal judge Friday ordered American Airlines and JetBlue Airways to end their partnership in the Northeast, a win for the Justice Department after it sued to undo the alliance arguing it was anti-competitive.

    The lawsuit, filed in September 2021, alleged that the airlines’ alliance was effectively a merger that would hurt consumers by driving up fares. The trial began a year later in Boston and wrapped up in December.

    Both airlines expressed disappointment with the decision and said they were considering next steps.

    “It makes the two airlines partners, each having a substantial interest in the success of their joint and individual efforts, instead of vigorous, arms-length rivals regularly challenging each other in the marketplace of competition,” U.S. District Judge Leo Sorokin said in his ruling.

    Fort Worth, Texas-based American Airlines and New York-based JetBlue Airways argued they needed the so-called Northeast Alliance to better compete with other large carriers Delta Air Lines and United Airlines in congested airports in the region.

    “Whatever the benefits to American and JetBlue of becoming more powerful — in the northeast generally or in their shared rivalry with Delta — such benefits arise from a naked agreement not to compete with one another,” Sorokin wrote. “Such a pact is just the sort of ‘unreasonable restraint on trade’ the Sherman Act was designed to prevent.”

    He ordered the airlines to end the partnership 30 days after the ruling. The carriers are likely to challenge the decision. A JetBlue spokeswoman said the carrier is studying the decision and evaluating next steps. 

    “We are disappointed in the decision,” the spokesperson said. “We made it clear at trial that the Northeast Alliance has been a huge win for customers. Through the NEA, JetBlue has been able to significantly grow in constrained northeast airports, bringing the airline’s low fares and great service to more routes than would have been possible otherwise.”

    “The Court’s legal analysis is plainly incorrect and unprecedented for a joint venture like the Northeast Alliance,” an American Airlines spokesman said in a statement. “There was no evidence in the record of any consumer harm from the partnership, and there is no legal basis for inferring harm simply from the fact of collaboration.”

    Undoing the partnership would be difficult, especially during the peak summer travel season, which airlines have already sold tickets for.

    JetBlue and American are not allowed to coordinate fares under the partnership, which was approved in the final days of the Trump administration in 2021 and has since expanded.

    JetBlue had previously warned in a securities filing a ruling against the NEA “could have an adverse impact on our business, financial condition, and results of operations.

    “Additionally, we are incurring costs associated with implementing operational and marketing elements of the NEA, which would not be recoverable if we were required to unwind all or a portion of the NEA,” the company said.

    The Justice Department didn’t immediately respond to a request for comment.

    The department separately in March filed an antitrust lawsuit to block JetBlue’s proposed acquisition of budget carrier Spirit Airlines, arguing the deal would drive up fares, “harming cost-conscious fliers most acutely.”

    That combination faces a high hurdle for approval by the Biden administration, which has vowed to take a hard line against what it views as anti-competitive deals.

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  • Disney scraps plans for new Florida campus, mass employee relocation amid DeSantis feud

    Disney scraps plans for new Florida campus, mass employee relocation amid DeSantis feud

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    Cinderella Castle in Walt Disney World.

    Roberto Machado Noa | Lightrocket | Getty Images

    Disney has abandoned plans to open up a new employee campus in Lake Nona, Florida, amid rising tensions with the state’s governor.

    Citing “changing business conditions” and the return of CEO Bob Iger, Josh D’Amaro, chairman of Disney’s parks, experiences and products division, penned a memo to employees Thursday, announcing that the company will not move forward with construction of the campus and will no longer be asking more than 2,000 California-based employees to relocate to Florida.

    “This was not an easy decision to make, but I believe it is the right one,” D’Amaro told employees.

    Many Disney employees balked at the company’s relocation plans when they were first announced in July 2021 by former CEO Bob Chapek. While some left the company, or transitioned to other posts within Disney that would not require a move to Florida, others held out hope that the plan would fizzle out after a postponement. The campus was originally slated to open in 2022-2023, but was later delayed to 2026.

    Disney is headquartered in Burbank, California, but operates a number of satellite offices across the country and the world.

    D’Amaro said employees who have already moved to Florida may be able to relocate back to California.

    “It is clear to me that the power of this brand comes from our incredible people, and we are committed to handling this change with care and compassion,” he said.

    Disney’s announcement comes amid a bitter feud between the company and Florida Gov. Ron DeSantis. The company filed a lawsuit accusing DeSantis and the new board members of its special district of carrying out a campaign of political retribution against the entertainment giant.

    DeSantis targeted Disney’s special district, formerly called the Reedy Creek Improvement District, after the company publicly criticized a controversial Florida bill — dubbed “Don’t Say Gay” by critics — that limits discussion of sexual orientation and gender identity in classrooms.

    The special district has allowed the entertainment giant to effectively self-govern its Orlando parks’ operations for decades. The district was ultimately left intact, but its five-member board was replaced with DeSantis picks and renamed the Central Florida Tourism Oversight District.

    Disney filed its suit in late April after the new board voted to undo development contracts that the company said it struck to secure its investments. The company has since updated that lawsuit to include newly passed legislation targeting its monorail system as further evidence of retaliation by the governor.

    Iger has publicly lambasted DeSantis and the Florida government, noting that Disney has created thousands of indirect jobs, brings around 50 million visitors to Florida every year and is the state’s largest taxpayer.

    In a statement later Thursday, representatives for DeSantis called the decision to nix the Lake Nona campus “unsurprising.”

    “Disney announced the possibility of a Lake Nona campus nearly two years ago. Nothing ever came of the project, and the state was unsure whether it would come to fruition,” DeSantis’ office said in the statement.

    D’Amaro reiterated in his memo that the company still plans to invest $17 billion in Florida over the next 10 years, including the addition of around 13,000 jobs. The company currently employs more than 75,000 people in the state.

    Disney declined to provide specific updates on that investment, but has previously announced plans to update park attractions, expand existing parks and add more cruise ships to its fleet in Florida.

    “I remain optimistic about the direction of our Walt Disney World business,” D’Amaro told employees.

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  • Colorado Springs nonprofit that pioneered CBD for epileptic seizures now exploring psychedelics | Nonprofit News – Medical Marijuana Program Connection

    Colorado Springs nonprofit that pioneered CBD for epileptic seizures now exploring psychedelics | Nonprofit News – Medical Marijuana Program Connection

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    The six Stanley brothers learned marijuana was part of a sinful lifestyle while at Colorado Springs Christian School and Vanguard Church. But after pot helped their cancer-stricken cousin Ron, the brothers entered the medical marijuana business to work with “God’s plant.”

    One marijuana harvest was particularly low in THC, the chemical that gives marijuana its “buzz,” and was high in CBD, the ingredient that can help people with insomnia, anxiety and chronic pain. They called the poor-selling strain “Hippie’s Disappointment.”

    Hippie’s Disappointment became a marijuana miracle in 2012 when Paige Figi gave some to her child Charlotte, whose hundreds of weekly epileptic seizures stopped.

    “I was seeing Charlotte’s story over and over,” Figi said. “Kids were walking out of wheelchairs. Doctors were astounded. After witnessing all this with my own eyes, I realized I couldn’t stand idly by and do nothing.” (Charlotte died in 2021.)

    Word of mouth spread quickly. CNN’s Sanjay Gupta provided the first major news media exposure, soon followed by other national and international media outlets.

    Over the next few years, about 500 families moved to Colorado so they could treat their kids with Charlotte’s Web, which was illegal in their home states.

    In 2013, the Stanleys founded a nonprofit called Realm of Caring to help them….

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  • Colorado Springs nonprofit that pioneered CBD for epileptic seizures now exploring psychedelics | Lifestyle – Medical Marijuana Program Connection

    Colorado Springs nonprofit that pioneered CBD for epileptic seizures now exploring psychedelics | Lifestyle – Medical Marijuana Program Connection

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    The six Stanley brothers learned marijuana was part of a sinful lifestyle while at Colorado Springs Christian School and Vanguard Church. But after pot helped their cancer-stricken cousin Ron, the brothers entered the medical marijuana business to work with “God’s plant.”

    One marijuana harvest was particularly low in THC, the chemical that gives marijuana its “buzz,” and was high in CBD, the ingredient that can help people with insomnia, anxiety and chronic pain. They called the poor-selling strain “Hippie’s Disappointment.”

    Hippie’s Disappointment became a marijuana miracle in 2012 when Paige Figi gave some to her child Charlotte, whose hundreds of weekly epileptic seizures stopped.

    “I was seeing Charlotte’s story over and over,” Figi said. “Kids were walking out of wheelchairs. Doctors were astounded. After witnessing all this with my own eyes, I realized I couldn’t stand idly by and do nothing.” (Charlotte died in 2021.)

    Word of mouth spread quickly. CNN’s Sanjay Gupta provided the first major news media exposure, soon followed by other national and international media outlets.

    Over the next few years, about 500 families moved to Colorado so they could treat their kids with Charlotte’s Web, which was illegal in their home states.

    In 2013, the Stanleys founded a nonprofit called Realm of Caring to help them….

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  • Memphis Grizzlies suspend Ja Morant after another gun video appears on social media

    Memphis Grizzlies suspend Ja Morant after another gun video appears on social media

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    Ja Morant was suspended by the Memphis Grizzlies on Sunday after he appeared to be holding a gun in a social media video that was streamed live on Instagram.

    It’s the second time in less than three months that Morant was seen on Instagram holding what appeared to be a weapon. The first led to an eight-game NBA suspension that was handed down in March and cost Morant about $669,000 in salary.

    It’s unclear what sanctions Morant may be facing for the second video, which was widely shared online Sunday. An associate of Morant went live on Instagram while the All-Star was in the front seat of a vehicle with another person, briefly appearing to display a handgun. It is unclear where or when the latest video was filmed.

    “We are aware of the social media post involving Ja Morant and are in the process of gathering more information,” NBA spokesman Mike Bass said.

    The Grizzlies said Morant is suspended from all team activities, “pending league review.”

    The gun video earlier this season happened when Morant went live on his own Instagram holding a gun at a club in the Denver suburbs in early March. After that went viral, Morant announced that he was taking time away to seek help, without specifying what sort of treatment he was getting. ESPN later reported that he was getting counseling in Florida, something the team eventually confirmed but did not share any other details.

    “Ja’s conduct was irresponsible, reckless and potentially very dangerous,” NBA Commissioner Adam Silver said in a statement in March after meeting with Morant and deciding on the suspension’s length. “It also has serious consequences given his enormous following and influence, particularly among young fans who look up to him.”

    Morant sat down for an interview with ESPN during his suspension, taking responsibility for the video.

    “I don’t condone any type of violence,” Morant told ESPN in March. “But I take full responsibility for my actions. I made a bad mistake and I can see the image that I painted over myself with my recent mistakes. But in the future, I’m going to show everybody who Ja really is, what I’m about and change this narrative.”

    And when the season ended a couple weeks ago, Morant said again that he needed to work on his decision-making.

    “Being disciplined on both sides, off the court making better decisions and on the court being locked in even more,” Morant said after a season-ending loss to the Los Angeles Lakers. “Being a leader of this team, it pretty much starts with me. … I’ve got to be better in that area.”

    Morant’s five-year, $194 million max contract is set to begin this coming season. It could have escalated to a supermax if he made All-NBA this season; he was not voted onto that team, which cost him about $39 million in future earnings.

    His talent on the court is not a question. He averaged 27.4 points last season, 26.2 points this season and helped Memphis secure the No. 2 seed in the Western Conference playoffs.

    But the Grizzlies’ season ended amid dysfunction. They were ousted in Round 1 by the Lakers, getting eliminated in a 40-point loss to close a series where trash-talking and antics became as much of a storyline as actual playing of basketball.

    And the offseason is now off to a less-than-ideal start as well, especially after Grizzlies coach Taylor Jenkins said following the playoffs that the team has to eliminate “unnecessary drama, self-inflicted decisions that take away from the team.”

    “It has to be completely different going into next year,” Jenkins said.

    This will be at least the third known NBA investigation surrounding Morant and the possible involvement of firearms so far in 2023.

    Morant’s actions were investigated after a Jan. 29 incident in Memphis that he said led to a friend of his being banned from home games for a year.

    That incident followed a game against the Indiana Pacers; citing unnamed sources, The Indianapolis Star and USA Today reported that multiple members of the Pacers saw a red dot pointed at them, and The Athletic reported that a Pacers security guard believed the laser was attached to a gun.

    The NBA confirmed that unnamed individuals were banned from the arena but said its investigation found no evidence that anyone was threatened with a weapon.

    Then came the Denver-area incident in the early hours of March 4, after the Grizzlies played a road game against the Nuggets. At 5:19 a.m., Morant started a livestream from inside a strip club called Shotgun Willies in Glendale, Colorado. No charges were filed and police said there were no complaint calls stemming from Morant holding the gun were made.

    Morant and a close friend also are involved in a civil lawsuit brought after an incident at Morant’s home last summer, in which a then-17-year-old alleged that they assaulted him. Morant filed a countersuit on April 12, accusing the teen of slander, battery and assault.

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  • How to explore Greece’s lesser-known islands like a local

    How to explore Greece’s lesser-known islands like a local

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    A perennial favorite among holidaymakers, Greece consistently ranks among the top 10 vacation destinations in Europe.

    But now it wants tourists to get to know lesser-known locations across its thousands of sprawling islands.

    “We’re moving beyond sea and sun. We want to prolong the tourism season in both time and space,” Olympia Anastasopoulou, secretary-general for tourism policy and development at Greece’s Ministry of Tourism, told CNBC Travel.

    For that, the country is investing in its more remote locations, including Syros, Amorgos and Milos, as part of its “All you want is Greece” campaign.

    To ease overtourism, popular hot spots such as Mykonos and Santorini are being repositioned as shoulder season destinations.

    It’s our goal for those islands to expand more in seasonality, too. We would like it for the tourism flows to be expanded in other months,” said Eleni Mitraki, director of tourism promotion at the Greek National Tourism Organization, noting the season could run March through November.

    The plans coincide with the expansion of direct flights from the United States to Greece in March 2023.

    Currently, Germany and the U.K. represent Greece’s largest inbound tourism markets by revenue, followed by the United States, France and Italy. However, Anastasopoulou said further growth from other markets, most notably Canada and India, is expected.

    Here are CNBC Travel’s top picks to get you off the beaten track in Greece.

    Kalymnos, Dodecanese

    Rock climbers’ paradise

    Located within Greece’s Dodecanese island chain in the southeastern Aegean Sea, Kalymnos is famous for its sponge-diving — underwater diving to collect natural sponges from the seabed — which brought considerable wealth and recognition to the island in the previous century.

    Kalymnos, part of Greece’s Dodecanese island chain, has become a famous destination for rock climbers.

    Photobac | Istock | Getty Images

    More recently, the island has become a world-renowned location for rock climbers, with more than 3,000 climbing routes spanning the numerous crags, caves and overhangs of its rugged landscape.

    Kalymnos’ tourism season peaks in the fall with the Kalymnos Climbing Festival. But adventure junkies can get their kicks year-round, with a host of other activities including scuba diving, hiking and boating.

    How to get there: Kalymnos can be easily reached by boat from nearby Kos, with crossings taking 45 minutes by ferry and 25 minutes by speedboat. In high season, it’s also accessible by plane from Athens. 

    Ios, Cyclades

    Haven for history buffs

    Ios, also known as Io or Nio, is located between Santorini and Naxos, and was once seen exclusively as a party destination. But the Cyclades island has revamped its image over recent years to embrace its historical and natural attributes.

    Home to one of Greece’s most ancient archaeological settlements, the Skarkos monument, Ios also boasts a strong connection to the Greek epic poet, Homer, who is said to have favored the island and, potentially, ended his days there.

    Once known purely as a party island, Ios in the Cyclades is embracing its other attributes, including beautiful beaches and ancient Greek archaeological settlements.

    Municipality of Ios

    Alongside history, visitors to Ios can also explore its plentiful beaches, and hiking and diving spots, before tucking into some of the local cheeses for which the island is famed.

    How to get there: There is no airport in Ios. The island can be accessed by ferry or speedboat from both Athens and the other Cyclades islands. It can also be reached by helicopter from Santorini.

    Skopelos, Sporades

    The Greek island of Skopelos is famous for being the filming location of hit musical rom-com “Mamma Mia,” with the clifftop Church of Agios Ioannis Kastri playing a starring role.

    Constantinos-iliopoulos | Istock | Getty Images

    Legend has it the island was founded by the son of the Greek god of wine. And though many of its vineyards were destroyed by pests in the 1940s, small-scale, domestic production continues to this day. Meanwhile, natively grown plums, almonds, chestnuts, figs, citrus fruits, olives adorn the local cuisine.

    How to get there: Skopelos is reachable by ferry or speedboat from the port city of Volos on Greece’s mainland. Services run year-round, with additional routes from other islands added in high season.

    Andros, Cyclades

    Hiking retreat

    One of biggest islands of the Cyclades and just two hours from the Greek mainland, mountainous Andros has a varied landscape of forests, waterfalls, beaches and local vegetation, making it ideal for an outdoor escape.

    Andros, one of the biggest islands of the Cyclades, boasts a diverse landscape of waterfalls, forests and beaches, making it a haven for hikers.

    Summerphotos | Istock | Getty Images

    Visitors can explore the island via its large network of hiking trails, or try their hand at windsurfing or scuba diving, before sampling the local cuisine.

    Arts and culture fans can check out Andros’ collection of monasteries, galleries and museums, including the Archaeological Museum of Andros and the Museum of Contemporary Art.

    How to get there: There is no airport in Andros. The island can be reached by ferry from Rafina port on the outskirts of Athens.

    Astypalea, Dodecanese

    The Dodecanese island of Astypalea has ambitions to become the first sustainable and smart island of the Mediterranean sea.

    Municipality of Astypalea

    As part of a deal with the Greek government and Volkswagen, Astypalea plans to implement islandwide, zero-emission mobility by 2030, with traditional vehicle rentals to be replaced with electric cars, e-scooters and e-bikes. Elsewhere, charging points and renewable energy sources will also be added.

    Tourists arriving on the so-called Butterfly Island can also enjoy its natural landscape, home to beautiful beaches, rocky hillsides and diverse flora and fauna, as well as its picturesque villages of bougainvillea-clad white houses.

    How to get there: Astypalea is accessible from Athens by both ferry and plane.

    Lipsi, Dodecanese

    Island-hopping

    Surrounded by a necklace of 24 islets with dozens of blue-green beaches, Lipsi in the Dodecanese is considered the Polynesia of the Aegean Sea and an eco-paradise.

    An eco-paradise surrounded by 24 islets, Lipsi forms part of the Dodecanese island collection in the southeastern Aegean Sea.

    Aegean Marine Life Sanctuary

    With a rich expanse of flora and fauna protected by the European Union, the island is home to diverse wildlife, including Mediterranean monk seals and sea turtles. Dolphins are also common in the area, and a new Aegean Marine Life Sanctuary for dolphins is set to open soon on the island.

    Holidaymakers can enjoy days spent boating, diving, beach-dwelling and hiking, before tucking into seafood dishes and experiencing local festivals, such as August’s wine celebration.

    How to get there: Lipsi is only accessible by ferry or speed boat, with regular services running from Athens and Leros.

    Alonissos, Sporades

    Divers’ delight

    Alonissos, part of the Sporades group of islands, is a diver’s paradise and the site of Greece’s first underwater museum. Featuring “Parthenon of the Wrecks,” one of the biggest Classical-era shipwrecks dating back to 425 B.C., the site offers recreational divers a unique insight into the region’s history.

    Alonissos, part of the Sporades archipelago in the northwest Aegean Sea, is known for its diving spots, including Greece’s first underwater museum, the “Parthenon of the Wrecks.”

    Municipality of Alonissos

    The island is also home to the National Marine park of Alonissos and Northern Sporades, currently Europe’s largest marine protected area, giving visitors the opportunity to see a vast array of plants and animals.

    Kayaking, hiking and cycling are among the other activities available on the island, while museums and a local theater group showcase the island’s arts and culture scene.

    How to get there: Alonissos can be accessed either by plane or by ferry from the ports of Volos, Agios Konstantinos and Kimi.

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  • Disney is set to report earnings after the bell — here’s what to expect

    Disney is set to report earnings after the bell — here’s what to expect

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    Writers walk the picket line on the second day of the television and movie writers’ strike outside Disney Studios in Burbank, California on May 3, 2023.

    Robyn Beck | AFP | Getty Images

    A writers strike, a feud in Florida and ongoing company-wide layoffs — there is a lot more than quarterly earnings for CEO Bob Iger and the Walt Disney Company to address on Wednesday.

    As the pandemic era fades, Disney has staged a rapid financial recovery within most of its divisions, from theme parks to theatrical entertainment. Meanwhile, its streaming business has slowed and it continues to face headwinds in its traditional media business as consumers cut cable and advertising revenue plummets.

    related investing news

    CNBC Investing Club

    Investors are keen to see if the newly returned Iger can overcome these concerns while paving the way for the future with a new succession plan.

    The company reports is fiscal second quarter earnings after the bell.

    Here are what analysts expect:

    • Earnings per share: 93 cents per share expected, according to a Refinitiv survey of analysts
    • Revenue: $21.79 billion expected, according to Refinitiv
    • Disney+ total subscriptions: 163.17 million expected, according to StreetAccount

    Beyond day-to-day operations at the company, shareholders and industry analysts expect Iger to address a number ongoing challenges.

    On Monday, Disney expanded its federal lawsuit against Florida Gov. Ron DeSantis, accusing the Republican leader of doubling down on his “retribution campaign” against the company by signing legislation to void Disney’s development deals in Orlando.

    Additionally, the company is already seeing rippling effects from the ongoing writers strike, including the production shutdowns of Marvel Studios’ “Blade,” which was set to begin filming in Atlanta next month, as well as the Disney+ Star Wars series “Andor.”

    There is also the third wave of expected layoffs within the company, that industry experts expect to see announced soon.

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  • Wellness travel is rising among a particularly weary group of travelers — parents

    Wellness travel is rising among a particularly weary group of travelers — parents

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    Amusement parks and road trips — this is this stuff many family vacations are made of.  

    But a new survey shows parents increasingly want in on a trend that isn’t often aimed at families: wellness travel.

    A report published Thursday by the market intelligence company Morning Consult showed that parents, compared with others, showed less interest in traveling to relax or for cultural experiences, and more interest in traveling for mental and physical health.  

    The data showed an emerging picture of family travel — one in which parents may be starting to prioritize their own needs alongside those of their children.   

    Traveling to improve physical health

    American Kristen Graff took a diving trip with her family to Fiji in 2022.

    “It was something we could all do that was active,” she said.

    But “we were doing it for us,” she said, referring to herself and her husband. The kids just happened to be invited too, she said with a laugh.

    Purpose of leisure travel for trips planned in next year.

    Source: Morning Consult

    She said the family reserved one day for kid-centric activities, like all-terrain vehicle riding, but spent most of their time in the water. Graff said she and her husband are avid divers, and, as it turned out, her sons ended up loving it too.

    Compared with nonparents, parents were nearly twice as likely to have plans to travel to improve their physical health, according to Morning Consult’s survey of some 2,200 American adults.

    And the trend appears to be growing. Traveling for physical health is up eight points among parents since last year, said Lindsey Roeschke, travel and hospitality analyst at Morning Consult.

    “One bit of data I find particularly interesting is, when looking at the various goals for traveling, we asked parents who benefits from those goals — the parent themself, the kids, someone else, or everyone on the trip — and the idea of traveling to improve physical health is the one most likely to benefit the parent alone,” she said.

    And “mental health is a close second,” she said.

    One in five adult respondents said they are planning to travel to improve their mental health, but among parents the rate rose to nearly one in three — perhaps reflecting the lack of time parents have in their daily lives to focus on their own well-being, according to the report.  

    “The idea of traveling for mental or physical wellness is attractive to them because they themselves feel the benefit of it, rather than putting someone else’s needs before their own — which parents have to do all the time,” Roeschke said.

    Traveling to relax

    Simply put, it’s harder for parents to relax when traveling,

    Lindsey Roeschke

    travel and hospitality analyst at Morning Consult

    Parents of young kids are also the most likely to be deterred from traveling, because of costs or the added stress of lugging around car seats and strollers, according to the report.

    Simply put, it’s harder for parents to relax when traveling,” said Roeschke. “I’ve often heard it said that traveling with a child is just parenting in a new location, and it can actually be more difficult than parenting at home due to schedule changes, lack of comforts of home — like toys, games, cribs, highchairs — and upended routines.” 

    Parents also showed less enthusiasm to travel to spend time with family and friends, the May report showed.

    “Parents are doing that often at home, so they’re less likely to think of it as the purpose of their trip,” she said.

    Planning a wellness family vacation

    In February, Napa Valley’s Carneros Resort and Spa debuted a spring “Little Seedlings” program for children that includes garden tours and chicken feeding. Kids can also take yoga classes, embark on scavenger hunts and sleep outside in a tent — fireside smores included.

    “Napa doesn’t just have to be an adults-only experience,” said managing director Edward Costa. “The Little Seedlings program was designed to inspire our youngest guests … while allowing the adults to fully embrace the charm and amenities of our luxury resort.”

    Guests must be at least 17 years old to visit the BodyHoliday Saint Lucia, but the all-inclusive resort makes an exception on major holidays and during fitness-themed weeks in the summer. From July 3 to Aug. 25, the family-based fitness weeks combine yoga, sailing, healthy cooking and “beach boot camps” hosted by visiting Olympians.

    Planning your own wellness trip

    Madikwe Safari Lodge accepts children aged seven and older, and drives don’t go as close to dangerous game, according to its website.

    Hoberman Collection | Universal Images Group | Getty Images

    In the winter, Harlow recommends Sweden for sleigh rides, watching the Northern Lights and a stay at the Ice Hotel — which has beds and chandeliers made of ice — while families keen on history can cruise the Nile in Egypt.

    Parents can also swap the traditional family vacation for a couples or even solo trip — or by booking a trip that includes just part of the family.  

    “Globally, we’ve noticed a growing trend of one parent taking one child away for a bonding holiday,” said Harlow. “Mother and daughter trips, in particular, are on the rise.”

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  • Planning a solo trip to Seoul? Here are some places that cater to singles in Seoul

    Planning a solo trip to Seoul? Here are some places that cater to singles in Seoul

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    A decade ago, a person who walked into a restaurant in Seoul and asked for “han myung-I” —a table for one — could be declined service.  

    That’s because restaurants in South Korea prefer groups of two or more, owing to a complex mix of local social dynamics, profit margins and simple logistics — a tableside grill has to be cleaned whether it serves one patron or four, after all.

    Solo rejections commonly occurred at family restaurants and barbecue outlets, two quintessential spots to sample some of the country’s best cuisine. Solo diners could circumvent it in two ways: by placing an order for two or agreeing to a minimum spend.  

    However, with the growth of one-person households in South Korea, more people are choosing to dine, drink and travel alone — embracing the “honjok” lifestyle trend that has visibly taken root in the country.

    Eating out

    Hongojib is unlike most barbecue places in Seoul.

    Located in the lively neighborhood of Yeonnam-dong, the restaurant — and its predecessors, such as Sinssi Express and Hongo — have swapped traditional communal dining for the growing trend of honbap, or eating alone.

    Diners eat at counters rather than round tables. And dishes aren’t served family style — each diner is given personal settings for condiments and cutlery along with their own grill.

    Sinsii Express’ solo counter, where the author ate, with a small grill and privacy divider.

    Source: Morgan Awyong

    Orders are placed and paid for with tablets. And food — alongside a cluster of classic banchan, or side dishes — is served within minutes.

    Marianne Lee, a Korean education consultant, said this style of eating is a change from the days when “everyone has to eat in teams, everyone has to drink together, everyone has to go for the same menu.”

    “If you wanted to have a Chinese meal, but if your manager says let’s go for Japanese noodles, you’d have no choice but to go,” she said. “But nowadays, people respect having their own time.”

    With a following of more than 40,000 on TikTok, Lee — who said she’s spent equal parts of her life in the United Kingdom and South Korea — is popular for her videos about Korean culture, from bus etiquette to the best time to visit the country.

    In her videos, she recommends solo travelers try restaurants such as Labap for fine dining, or Gimbap Cheongu and Pomato for their wide variety of Korean food.

    The latter two “are open 24 hours and sell tteokbokki, rice dishes, soup and other hot cooked meals,” she said, referring to Korean spicy rice cakes.

    South Korean tourist information helpers guide tourists in Seoul’s popular Myeongdong shopping district.

    Jung Yeon-je | Afp | Getty Images

    Lee suggests visiting the popular tourist spots first, such as Namsan, Myeong Dong, Insadong and Itaewon, where people often speak some English. Multilingual tourist guides dressed in red coats and hats are there to help with travelers’ questions too, she said.

    “It also helps when you add in a few Korean words, like hoksi (maybe) before you ask your question in English,” she adds. Koreans listen better than they speak, so she feels that it helps to “soften the approach and we really appreciate it.”

    Where to stay

    South Korea is popular with visitors from Asia, especially China and Japan, but visitors from Western countries, namely the United States, are on the rise. American travelers were the fourth-largest source market until 2019, but catapulted to the top demographic in 2022, according to Tourgo, a research initiative of the Korea Culture and Tourism Research Institute.

    Earlier this year, South Korea announced a new visa for digital nomads is in the pipeline. The visa, which would allow foreigners to stay in Korea while working remotely for an employer in another country, is slated to start later this year, according to The Korea Herald.  

    Luckily, it’s now far easier to find a place to stay than it was in the past.

    New co-living companies, like Episode and Mangrove, were created in response to the rise of single-person households seeking affordable places to live in Seoul. Some residential buildings allow short-term lodging, which solo travelers can book.

    The author, Morgan Awyong, in the communal kitchen of Mangrove Dongdaemun.

    Source: Morgan Awyong

    I stayed at Mangrove Dongdaemun for a month in a clean and compact room that came with a workstation, private bathroom and a view of Mount Namsan.

    Unlike hotels, there are communal kitchens and coworking spaces, plus a gym, yoga rooms, library and even free laundry self-service. An app links residents with chat boards and activities like “New Joiner Nights.”

    The concept is popular, said Mangrove staff member Kim Serin, who added that the building is full most of the year. She said short-stay requests are increasing, and that the company is working to meet this need with new projects coming in two other popular destinations, Busan and Jeju.

    Celib Soonra is another residence designed for solo residents and travelers. Stays under three months can be booked via Airbnb, which is how I booked my stay.

    Morgan Awyong in the communal tea room at Celib Soonra.

    Source: Morgan Awyong

    My room was less cookie-cutter and came with local touches like a traditional tea room, and the rooftop has panoramic views of Changdeokgung palace and Jongmyo Shrine.

    Its neighborhood, Gwonnong-dong, is more intimate too, and the hip cafe-filled Hanok village of Ikseon-dong is but a 10-minute walk away.

    Business hotels too

    Business hotels, like those from the hospitality brand Accor, are also working to create hybrid living spaces where travelers and locals can “live, work and play,” according to its website.

    An ondol room at Ibis Gangnam.

    Source: Morgan Awyong

    Accor’s Ibis brand offers an example of this. At the Ibis Styles Ambassador Seoul Gangnam, I could see how small changes can make a huge difference, such as the communal garden on the hotel’s 15th floor, where I worked on days I had tight deadlines.

    I also slept in an ondol room at the hotel, which had heated floors and traditional bedding, something that is usually found only in traditional houses and hanoks that caters to groups. Near Gangnam’s Coex Mall, it was also a steal at less than $55 a night.

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  • Sony teases 2023 film slate, including R-rated ‘Kraven The Hunter’

    Sony teases 2023 film slate, including R-rated ‘Kraven The Hunter’

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    Tom Holland is Spider-Man in the Sony-Marvel film “Spider-Man: No Way Home.”

    Sony

    LAS VEGAS — CinemaCon kicked off Monday with a major announcement from Sony Pictures — its upcoming “Kraven the Hunter” would mark the first R-rated Marvel film produced by the studio.

    The reveal came during the company’s presentation at the annual convention for Hollywood studios and movie theater owners in Las Vegas, in which Sony unveiled new footage and trailers from its upcoming slate, including “Spider-Man: Across the Spider-Verse,” “Gran Turismo” and “No Hard Feelings.”

    “F— yes, it’s rated R,” said Kraven himself Aaron Taylor-Johnson in a pretaped teaser for the film before Sony showed the first trailer for the profane and bloody action flick.

    Kraven wouldn’t be the first R-rated superhero flick to hit theaters in the last decade. Fans of the genre have been treated to “Logan,” “Deadpool,” “Watchmen” and “The Suicide Squad” in recent years from 20th Century Fox (now owned by Disney) and Warner Bros. Discovery. But it opens the door for Sony to develop darker, bloodier and more mature films within the Spider-Man universe — namely, around the fan favorite character Venom.

    Sony currently owns the film rights to Spider-Man and his cavalcade of villains and has found success in alternative universe productions that fall outside Disney’s Marvel Cinematic Universe. The companies have partnered on three MCU standalone Spider-Man films featuring Tom Holland in the spidey suit and have granted Disney permission to use the character in its ensemble films.

    In 2023, the studio will have a sequel to its Oscar-winning animated feature “Spider-Man: Into the Spider-Verse.” On Monday, the company shared an extended look at “Spider-Man: Across the Spider-Verse,” in which Miles Morales reunites with Gwen Stacy after becoming Brooklyn’s full-time friendly neighborhood Spider-Man.

    He’s catapulted into the Multiverse where he encounters a team of Spider-People charged with protecting it. When the heroes clash on how to handle a new threat, Miles finds himself pitted against the other Spiders.

    Sony showed 14 minutes of the film — due out June 2 — to CinemaCon audiences, who laughed and cheered for the uniquely animated feature.

    Josh Greenstein, president of Sony Pictures’ Motion Picture Group, teased that the company would release 23 movies in 2023, after being introduced via video by Will Smith and Martin Lawrence, who are currently filming “Bad Boys 4.”

    Sony showed the opening clip of “Dumb Money,” a film by Craig Gillespie about how an everyday investor played by Paul Dano flipped the script on Wall Street, placing all his savings into GameStop in 2021. The film due out in October also stars Sebastian Stan, Seth Rogen, Pete Davidson, Shailene Woodley, America Ferrera, Anthony Ramos, Vincent D’Onofrio, Dane DeHaan and Nick Offerman.

    It followed with trailers for “Insidious: The Red Door,” due out in July, “The Machine,” coming in May and “Gran Turismo,” hitting screens in August.

    Sony also showcased a clip from Jennifer Lawrence’s upcoming R-rated drama “No Hard Feelings” to raucous applause. It also teased an R-rated comedy “Anyone But You” starring Sydney Sweeney and Glen Powell as well as a sequel to “Ghostbusters: Afterlife.”

    After accepting CinemaCon’s Lifetime Achievement Award, Denzel Washington brought on stage Antoine Fuqua and Dakota Fanning to show a trailer of “The Equalizer 3.”

    “You can see at Sony we are not f—ing around,” said Tom Rothman, chairman and CEO of Sony Pictures’ Motion Picture Group, closing out the presentation.

    He revealed that Apple and Ridley Scott’s “Napoleon” will be distributed by Sony. The film, due out at Thanksgiving, will have a “robust window,” Rothman promised.

    “Hold onto your tri-cornered hats,” he teased before showing the first footage of the war epic, which recieved thunderous applause.

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  • Australian comedian Barry Humphries, creator of Dame Edna, dies at 89

    Australian comedian Barry Humphries, creator of Dame Edna, dies at 89

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    Australian television talk show host Dame Edna (L) appears as a guest on “The Tonight Show with Jay Leno” as talk show host Jay Leno laughs at one of Dame Edna’s humorous comments.

    Reuters Photographer | Reuters

    Barry Humphries, the comedian best known for his character Dame Edna Everage who blossomed from an Australian suburban housewife into a self-described gigastar, died on Saturday. He was 89.

    The Sydney Morning Herald said Humphries died at St. Vincent’s Hospital in Sydney, where he had been treated for various health issues.

    “He was completely himself until the very end, never losing his brilliant mind, his unique wit and generosity of spirit,” his family said in a statement quoted by Australian media.

    “His audiences were precious to him, and he never took them for granted. Although he may be best remembered for his work in theatre, he was a painter, author, poet, and a collector and lover of art in all its forms.”

    Australian Prime Minister Anthony Albanese paid tribute to Humphries in a tweet, calling him a “great wit, satirist, writer and an absolute one-of-kind”.

    It was the character of Dame Edna who made Humphries famous. With coiffed lilac hair, oversized diamante glasses and an outlandish wardrobe, the instantly recognizable Edna would joyfully greet audiences with her trademark “Hello Possums!”.

    Describing her shows as a “monologue interrupted by strangers” and herself as blessed with “the ability to laugh at the misfortune of others,” Edna would warmly skewer celebrities and audience members alike.

    “Tim, I could talk to you and about you and behind your back for ages,” the character once said in typical fashion as she was wrapping up a conversation with actor and comedian Tim Allen on one of her talk shows.

    Edna’s life as she told it would often leave stars in hysterics. She taught Mel Gibson drama, Julio Iglesias’ father was her traveling gynecologist and she spent the coronavirus pandemic hiding out with her new lover, the father of Meghan, the Duchess of Sussex, in Texas.

    Born and raised in Melbourne, John Barry Humphries was the son of a well-to-do builder who persuaded his parents to buy him an assortment of theatrical costumes to play dress up in.

    Sent to a conservative high school, he was described by a friend as a “spectacular misfit” who would turn his back on school football matches to knit.

    The creation that would define his career came early: at 21, he was part of a travelling repertory company when he came up with a character of a snobbish, inadvertently offensive housewife. In 1955, he stepped onstage for the first time as “Mrs. Norm Everage” from Moonee Ponds, admitting only decades later that she was based on his mother.

    He developed a host of other Australian caricatures including the repulsive drunk diplomat Les Patterson and the more subtle Sandy Stone, a decrepit rambling senior.

    Pranks

    Humphries was also an actor, painter, author and Dadaist performer of pranks.

    In one such prank, he would sneak a can of Heinz Russian Salad on a plane, empty it into a passenger sick bag and pretend to vomit into the bag mid-flight before proceeding to eat the contents in front of bewildered passengers and crew.

    Bored with his home city, Humphries moved to Britain in 1959, part of a wave of creative expatriates including humorist Clive James and artist Brett Whiteley, showcasing the Australian voice: earthy and irreverent but superficially polite.

    “Edna has this way of doing things, it seems to take the curse off it,” Humphries told Reuters in 1998. “I get no complaints.”

    Although a household name in Britain and Australia, the U.S. market proved hard to crack despite several attempts. That changed in 2000, when he was 66, and his “Dame Edna: The Royal Tour” on Broadway earned him a Tony award and role in the sitcom “Ally McBeal”.

    He also voiced the character of Bruce the Shark in “Finding Nemo”, wrote a satirical advice column, as Edna, for Vanity Fair, and curated a cabaret festival where he rejected acts that involved swearing – a decision he said would encourage creativity.

    For years Humphries struggled with alcoholism that destroyed his first marriage and nearly his life, but he gave up drinking in the early 70s.

    His numerous honors included being awarded an Order of Australia in 1982, made a Commander of the British Empire in 2007 and featuring on Australian postage stamps.

    But an outcry over a series of remarks that were widely seen as transphobic helped prompt the Melbourne International Comedy Festival to drop his name from its top award in 2019.

    Humphries lived what he called a “checkered, dramatic” personal life, marrying four times. He is survived by his wife, the actress Lizzie Spender, and his four children.

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  • Why U.S. vacation policies are so much worse than Europe’s

    Why U.S. vacation policies are so much worse than Europe’s

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    The United States is the only advanced economy that does not guarantee paid time off. 

    “You have entire cultures like France … where pretty much everybody takes August off, and it’s just part of the culture there,” said Shawn Fremstad, director of law and political economy at the Center for Economic and Policy Research. “You don’t really see that here in the United States.”

    The European Union Working Time Directive, which was passed in the early 1990s, requires at least 20 working days of paid vacation in all EU countries.

    France provides a minimum of 30 paid vacation days per year. What’s more, many European countries have paid holidays as well, giving workers there even more paid days off.

    “When I came to France, I noticed that vacation is a way of life,” said Fatima Cadet-Diaby, an American who has been living in Paris for nearly seven years. “People are constantly talking about their vacations.”

    More vacation time could also equate to overall economic gains in the U.S.

    “I think people have a stereotype of France in their mind as this kind of lazy culture,” Fremstad said. “But if you look at the employment rate there for prime age workers, so basically 25 through 54, it’s higher than in the U.S. So, they have more people working and they’re much more productive per hour.

    Even though a majority of Americans do have some kind of paid time off, nearly half of workers report not using all of those days. About half worry they might fall behind on their work if they take time off, with close to 20% thinking it could hurt their career growth and 16% saying they fear losing their job, according to data from the Pew Research Center.

    “There’s a certain fear we don’t have any legal protections and people have been fired for taking vacation time,” said John de Graaf, author of the book “Take Back Your Time.” 

    Watch the video above to learn more about why American’s aren’t going on vacation even though they have the days off and what we can learn from our counterparts in France.

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  • The New Pro-life Movement Has a Plan to End Abortion

    The New Pro-life Movement Has a Plan to End Abortion

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    The unpleasant reality facing the anti-abortion movement is that most Americans don’t actually want to ban abortion.

    This explains why the pro-life summer of triumph, after the U.S. Supreme Court overturned Roe v. Wade, led to a season of such demoralizing political outcomes. Voters in Montana, Kansas, and Kentucky in November rejected ballot measures to make abortion illegal; just last month, in Wisconsin, voters elected an abortion-rights supporter to the state supreme court.

    Yet the movement’s activists don’t seem to care. Thirteen states automatically banned most abortions with trigger laws designed to go into effect when Roe fell; a Texas judge this month stayed the FDA approval of the abortion pill mifepristone, setting in motion what is sure to be a drawn-out legal battle; and some lawmakers are pursuing restrictions on traveling out of state for the procedure—what they call “abortion trafficking.”

    Even as the anti-abortion movement lacks a Next Big Objective, a new generation of anti-abortion leaders is ascendant—one that is arguably bolder and more uncompromising than its predecessors. This cohort, still high on the fumes of last summer’s victory, is determined to construct its ideal post-Roe America. And it’s forging ahead—come hell, high water, or public disgust.

    The groups this new generation leads “are not afraid to lose short term if they think the long-term gain will be eliminating abortion from the country,” Rachel Rebouché, a family-law professor at Temple University, told me.

    One such leader is Kristan Hawkins, the president of the anti-abortion group Students for Life. After Dobbs v. Jackson Women’s Health Organization, “some organizations had to go through this period where they had to reflect and figure out what they were going to do,” she told me. “But nothing changed in our organization—we’d already had that conversation years ago.” Students for Life participants have been calling themselves “the post-Roe generation” since 2019; that’s the year they launched a political-action committee to beef up their state-level presence and begin drafting legislation for a post-Roe society. In 2021, the organization started the Campaign for Abortion-Free Cities to promote what they call “alternatives to abortion” and neighborhood resources for pregnant women.

    “What the anti-abortion movement is, who’s leading it, and what it stands for are still being contested,” Mary Ziegler, a UC Davis law professor who has written about abortion for The Atlantic, told me. But organizations such as Students for Life will, in all likelihood, “be the ones running the movement going forward.” To understand the goals of people like Hawkins is, in other words, to peer into the future of America’s anti-abortion project.

    The thing about Hawkins is that she’s an optimist—and not a cautious one. So when the draft opinion suggesting that the Supreme Court was about to overrule Roe v. Wade leaked last May, she wasn’t particularly surprised, she told me—she felt vindicated. Other pro-lifers had refused “to let themselves even dare think that a post-Roe America was coming,” Hawkins said. “Of course it was.” She’d always assumed it would happen in her lifetime.

    As soon as the draft opinion came out, anti-abortion leaders began to consider their response. Some were worried that taking any kind of victory lap would be inappropriate—that it might scare the justices into moderating or reversing their ultimate decision. Hawkins didn’t care about any of that. “Why would we be guarded? It was important, good news!” she told me. “Folks across the country needed to see this generation celebrating.” Students for Life was one of the first anti-abortion organizations to release a statement praising the draft opinion—while being careful to condemn the leak itself.

    Hawkins, who is 37, styles herself as a straight shooter. She doesn’t dress up arguments with religious rhetoric—despite being Catholic herself—and she can be an effective, if sometimes abrasive, debater. Which makes sense, because she came to the pro-life movement through electoral politics. Hawkins knocked on doors for local and state Republican candidates; in college, she worked for the Republican National Committee to reelect President George W. Bush—and, for a year, she worked in his administration. Then, when Students for Life came looking for a new president in 2006, she eagerly accepted.

    Hawkins “saw the politics in this in ways a lot of people don’t,” Ziegler told me—and she brought that acumen to the movement. She knew how to lead a grassroots campaign, and how a state legislature functions. Then just 20, she was younger than other pro-life leaders, so she had a better idea of how to engage young people. Hawkins is trying, Ziegler said, “to grow the movement in a way that no one else really ever did.”

    The organization’s 14,000 participants campaign for state-level anti-abortion candidates and legislation in their local legislatures. Hawkins, who oversees a staff of 100 paid employees, spends her days traveling to meet with chapter leaders, organizing demonstrations, delivering speeches, and generally doing her best, as she put it to me, “to stir up discussion.” In March, during a visit to Virginia Commonwealth University, protesters shouted over Hawkins when she tried to speak. Demonstrators called her a Nazi and a fascist. Eventually, campus security shut down the event, and police arrested two protesters (who weren’t actually VCU students). Hawkins, who livestreamed the drama, later went on Fox News to offer a full account.

    The Students for Life YouTube channel has a 22-minute highlight reel called “Greatest Pro-Choice Takedowns,” in which Hawkins responds to questions from young, often-emotional abortion-rights advocates. As you might expect, the videos feel mean. In each clip showing Hawkins facing off against a different student with a shaky voice, she makes them look silly and ill-informed, a relatively easy thing to do when your opponent is not being paid to perfect her talking points. But these exchanges don’t seem intended to change minds; they’re meant instead to humiliate—and thereby reveal the purported weaknesses in abortion-rights arguments.

    Doggedness and moral conviction have always characterized the anti-abortion movement. Activists have sustained their energy for 50 years “by believing that success was possible, even in the absence of clear victories,” Daniel K. Williams, a history professor at the University of West Georgia, told me. Dobbs gave this new generation a taste of victory. Activists like Hawkins are bolder now. Without Roe, they reason, anything is possible.

    Students for Life, in particular, is “more abolitionist than prior generations of similar groups,” Rebouché told me. In contrast to other organizations that have pursued incremental progress, the group adopts strategies that are “totalizing and absolute.” Throwing out the rule book, they operate as though they’ve got nothing to lose.

    “I admire their persistence; I admire their sacrifices,” Lila Rose, the president of the anti-abortion nonprofit Live Action, says of previous generations of anti-abortion activists. “But we’re playing to win. This isn’t just some nonprofit job.” Rose, who is 34, achieved early prominence in the movement back in 2006 for partnering with the conservative activist James O’Keefe to film undercover exposés at abortion clinics. Live Action doesn’t have the kind of nationwide membership that Students for Life has, but its email list contains more than 1 million contacts, Rose told me, and its social-media following runs into the millions.

    Students for Life and Live Action frame their anti-abortion efforts as not just saving babies but empowering women—enabling them to avoid the depression and regret the organizations say can be caused by having an abortion. These aren’t new ideas in themselves, but they’ve been repackaged in a way that mimics the language of a modern social-justice movement appealing to young people. “They’re using phrases like born privilege,” Jennifer Holland, a gender-and-sexuality professor at the University of Oklahoma, told me. “Language that’s hip—in the culture—but that still leads back to this one point of view that maybe you thought was old or conservative.”

    Historically, there’s been “a lack of vision” in the movement, Rose said. It was great, she allowed, that the National Right to Life Committee fought so hard in the 2000s to ban what they called “partial-birth abortion” (using a pro-life term not recognized by medical professionals). But, to Rose, pill-induced abortion is just as “anti-human and anti-woman”; a 15-week abortion limit is nothing to celebrate. “I don’t think that we do ourselves any favors as a movement by, like, walking over to the opponent’s side of the field and saying that that’s a victory.”

    Hawkins’s master plan to completely eradicate abortion in America begins with passing as many state controls as possible. She calculates that 26 state legislatures contain enough anti-abortion Republicans to be amenable to a strict ban of some sort, and her organization is pushing an “early abortion” model, which means that it drafts and supports legislation restricting abortion either entirely or after six weeks. Hawkins claims credit for pressuring reluctant Republican state leaders in Florida to take up the six-week abortion ban that Governor Ron DeSantis signed late Friday night. Gone are the days of small-ball second-trimester limits, Hawkins says, because most abortions happen before then. “We’re not going to spend a significant amount of resources to pass legislation that’s going to save only 6 percent of children.”

    Right now the centerpiece of Students for Life’s campaigning is the effort to ban medication abortion—what Hawkins and her allies call “chemical abortion.” For two years, the group lobbied Republicans in Wyoming to prohibit mifepristone from being sold in pharmacies; the governor signed that measure into law last month. Now it’s setting its sights on the pharmacy chains Walgreens, Rite Aid, and CVS—which Hawkins singles out as “the nation’s largest abortion vendor.”

    On campuses, Students for Life leaders are trying to mobilize young people who might otherwise be ambivalent about the abortion pill; Hawkins says they’ve had luck with the message that mifepristone, when flushed, enters the water system and threatens the health of humans and wildlife. “Young people are aghast to find out that something they care deeply about—the environment—is now conflicting with their views on abortion,” Hawkins told me. Never mind that there is no evidence for these claims. According to Tracey Woodruff, the director of the Program on Reproductive Health and the Environment at UC San Francisco, the amount of mifepristone found in drinking water is so small that it might not even be measurable.

    “Of all the things we have to worry about with our drinking water,” she told me, “this is not one of them.” Students for Life’s messaging on this, she added, is “a perverse use of science.” The organization is nonetheless backing new laws in several states that would require women prescribed abortion pills to use medical-waste “catch kits” and return them to a health-care provider.

    Hawkins is realistic about the fact that her movement’s progress has a ceiling. Some states, especially the liberal strongholds of Illinois and New York, are never going to go for the kinds of laws that she’s pushing for. This is when, she says, her organization will shift its emphasis to the federal government—pushing for a constitutional amendment that would recognize fetal personhood, or for a ruling from the Supreme Court to affirm that the Fourteenth Amendment already does.

    Abortion should become “both illegal and unthinkable” in America, Hawkins said. But even when the anti-abortion movement can no longer change hearts and minds, it plans to find a way to change the law anyway. She favors using the law as a tool because, in her view, people tend to derive morality from legality: “Nothing’s going to change their minds until the law changes their minds.” Hawkins envisions a future, 20 years from now, in which university students will discover with abject horror that other states allow the murder of babies in the womb—culturally, she believes, “that’s gonna be massive.” The idea that young people in college would be shocked to learn that different states have different laws on abortion may seem implausible now, but Hawkins is articulating her larger goal—of making abortion unconscionable.

    Yet American culture seems to be moving in the opposite direction. The Dobbs ruling, though exciting for anti-abortion activists, was so enraging for abortion-rights supporters that, in some places, they responded by enshrining the right to abortion into state law. These and other political losses suggest that the pro-life movement is already overreaching—and generating a backlash. “It’s breathtaking to see people so motivated and so well funded to push an agenda that is so incredibly unpopular,” Jamie Manson, the president of the abortion-rights organization Catholics for Choice, told me. The months since Dobbs have exposed a fundamental tension between the outcome that abortion-rights opponents want and the one democracy supports.

    As it becomes clear that abortion is not always an election winner—that, on occasion, it is even a predictable loser—some Republican legislators have broken from the movement in order to support rape and incest exceptions; others have simply avoided the issue. “Most of the members of my conference prefer that this be dealt with at the state level,” Senate Minority Leader Mitch McConnell told reporters last fall. Hawkins and Rose are happy to criticize those Republicans they see as wishy-washy on abortion. When former President Donald Trump blamed Republicans’ 2022 midterm losses on the extremism of the anti-abortion movement, Rose called it “sniveling cowardice.” But Hawkins and Rose may be underestimating how much more challenging and complex the post-Roe environment is.

    “This is much more expensive politics around abortion,” Holland said. “It used to be cheap: You could promise all sorts of things” without penalty, because with Roe intact, such radical measures would never pass.

    Does this give Hawkins any pause—the idea that her movement’s aims are so antithetical to what most Americans want? Hawkins said that public opinion doesn’t concern her. The fact that most Americans support abortion access doesn’t make them morally correct, she argued, and neither does it make her own efforts undemocratic. “Do I look upon abolitionists in pre–Civil War America as undemocratic for trying to change people’s minds and prevent the proliferation of owning another human being for your own financial gain? No,” she said.

    Hawkins has spent a lot of time thinking about this question. Consider the civil-rights era, she went on. “We had states that stubbornly refused to integrate.” In the end, federal legislation forced them to comply. The implication is that the same sort of national ban should eventually happen for abortion.

    Given this goal, we can expect that abortion will be an issue in almost every single election, in almost every single state, for the next many cycles. In some parts of the country, the anti-abortion-rights movement will fail. In others, it will skate along with utter success. Lawmakers will tighten laws, ban pills, and restrict travel. They may even feel audacious enough to venture into the broader realm of reproductive tools—outlawing or restricting IUDs, the morning-after pill, and even in vitro fertilization.

    Post-Roe, we can expect these hungry, mobilized activists to seek new conquests. But even as they do, pro-life leaders will have to wonder whether they are guiding their movement toward righteous victory—or humiliating defeat.

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  • Moderna cancer vaccine with Merck’s Keytruda delays return of deadly skin cancer

    Moderna cancer vaccine with Merck’s Keytruda delays return of deadly skin cancer

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    Moderna’s sign is seen outside of their headquarters in Cambridge, MA on March 11, 2021.

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    An experimental mRNA vaccine developed by Moderna combined with Merck’s blockbuster immunotherapy Keytruda cut the risk of death or recurrence of the most deadly skin cancer by 44% compared Keytruda alone, U.S. researchers reported at a medical meeting on Sunday.

    The findings suggest that adding a personalized cancer vaccine based on mRNA technology to Keytruda, which revs up the immune response, could prolong the time patients have without recurrence or death, said Dr. Jeffrey Weber of the NYU Langone Perlmutter Cancer Center, who presented the findings.

    “From a general cancer therapeutic standpoint, this is a potential major breakthrough,” Dr. Ryan Sullivan, a melanoma expert at Mass General Cancer who worked on the study, said in a statement.

    The results, presented at American Association for Cancer Research meeting in Orlando, Florida, add data details to partial findings released by the companies in December.

    The Merck/Moderna collaboration is one of several combining powerful drugs that unleash the immune system to target cancers with mRNA vaccine technology. BioNTech and Gritstone Bio are working on competing cancer vaccines based on mRNA technology.

    Moderna’s vaccine is custom-built based on an analysis of a patient’s tumors after surgical removal. The vaccines are designed to train the immune system to recognize and attack specific mutations in cancer cells.

    Merck’s Keytruda, which is approved to treat melanoma and many other cancers, belongs to a class of widely used immunotherapies known as checkpoint inhibitors designed to disable the PD-1, or programmed death 1, protein that helps cancer evade the immune system.

    The midstage trial enrolled men and women at high risk of their melanoma returning.

    Among 107 study subjects who received both the experimental vaccine, mRNA-4157/V940, and Keytruda, cancer returned in 24 subjects (22.4%) within two years of follow-up, compared with 20 out of 50 (40%) who received Keytruda alone.

    There was little difference in response rates among people whose tumors had a lot of mutations – a typical predictor of immunotherapy response – and those whose tumors did not.

    Severe side effects were similar between the two arms of the study, the scientists reported. Fatigue was the most common side effect reported by patients specifically associated with the vaccine.

    Merck said the companies are in talks with U.S. regulators about the design of a late-stage trial, which is likely needed for approval of the combination regimen.

    It could take three or four years before the results of the larger trials are known, Eliav Barr, Merck’s head of global clinical development and chief medical officer, said in an interview.

    Barr said it took Moderna about eight weeks to design a personalized mRNA vaccine for each patient.

    In the past, similar experimental cancer vaccines were developed targeting a single tumor mutation, or neoantigen.

    Moderna’s mRNA technology allowed for the inclusion of as many as 34 neoantigens, which Barr called “astonishing.”

    Currently, scientists cannot predict which single mutation is important in generating an anti-tumor response. With mRNA technology in combination with Keytruda, “we can create this shotgun approach … that can create a more potent immune response,” Barr said.

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  • Delta Air Lines posts quarterly loss but forecasts profit as peak travel season approaches

    Delta Air Lines posts quarterly loss but forecasts profit as peak travel season approaches

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    Airbus A330 Neo widebody aircraft meant for Delta airlines being tested in Toulouse, France.

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    Delta Air Lines posted a wider loss than it previously estimated for the first three months of the year but forecast revenue growth and profits for the second quarter that were ahead of analysts’ estimates, signaling strong travel demand despite weakness in other sectors.

    The Atlanta-based carrier said it expects sales in the current quarter to increase by 15% to 17% over last year, with adjusted operating margins of as much as 16% and adjusted earnings per share of between $2 to $2.25. Analysts polled by Refinitiv had anticipated second-quarter revenue growth of 14.7% and earnings per share of $1.66. The airline projected “record advance bookings for the summer.”

    Delta said it plans to grow capacity 17% in the second quarter from a year earlier.

    But for the first quarter, adjusted revenue and adjusted earnings came in below analyst estimates. Unit costs, excluding fuel were up 4.7% on the year, partly driven by winter storms that grounded flights.

    Here’s how Delta performed in the period, ended March 31, compared with Wall Street expectations based on Refinitiv consensus estimates:

    • Adjusted earnings per share: 25 cents vs. 30 cents expected.
    • Adjusted revenue: $11.84 billion vs. $11.99 billion expected.

    U.S. carriers generally make the bulk of their revenue during the busy spring and summer travel season and Delta’s outlook points to more strength in travel demand, and strong pricing power.

    The airline said sales from premium cabins like first class is outpacing revenue from standard coach.

    Delta shares were up more than 3% in premarket trading.

    In the first quarter, Delta posted a net loss of $363 million, or 57 cents per share, citing, in part, a new, four-year pilot contract that includes 34% raises. That’s still improvement from the year-ago period, when travel was on the rebound and the company reported a net loss of $940 million, or $1.48 per share.

    Adjusting for one-time items, the company reported net income of $163 million, or 25 cents per share, up from a loss of $748 million, or $1.23 per share, during the first quarter of 2022.

    Delta executives will hold a call with analysts to discuss results at 10 a.m.

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  • Russian travelers say they fear one question: ‘Where are you from?’

    Russian travelers say they fear one question: ‘Where are you from?’

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    For the past year, it’s been harder and more expensive for Russians to travel abroad.

    But some say that’s only the beginning of their concerns.

    With anti-Russian sentiment on the rise, several Russian citizens spoke to CNBC Travel about their worries, how they’re treated when they travel, and what goes through their minds when people ask where they are from.

    How traveling has changed for Russians

    Julia Azarova, an independent journalist, said she left Russia a year ago. She said she fled Moscow for Istanbul after the invasion of Ukraine, before eventually settling in Lithuania.

    “I had to leave my own country” or risk imprisonment, she said. “We had to pack our things in a day and go.”

    Since then, Azarova said she’s been to Latvia twice, but she can’t go to Ukraine, where she has relatives. Her Russian friends have encountered problems getting into Poland, while her colleagues have been prevented from entering Georgia, the latter likely in a show of loyalty to Putin, she said.

    Anna — who asked that we not use her real name over fears of “unpredictable consequences” — has the opposite problem. She said she’s in Moscow and doesn’t know when she will leave Russia again.

    Traveling somewhere abroad seems like something unimaginable and impossible.

    “Normally, I’d visit one to two countries a year,” she said. But now “traveling somewhere abroad seems like something unimaginable and impossible.”

    Traveling, especially airfare, is very expensive, she said. Also, “Russian credit cards are blocked almost everywhere and buying foreign currency in Russia is so difficult.”

    As for when she plans to go abroad again: “Probably when the war ends.”

    Another Russian traveler, Lana, also asked that we not use her full name over fears of retaliation from Russian authorities. She lives in Asia and was planning to go home last summer for the first time since the pandemic started, she said.

    But she canceled the trip after the invasion of Ukraine, she said, despite her parents not having seen her child in years.

    “I didn’t know what was going to happen,” she said, adding that the risk of border closures or flight cancellations prompted her decision.

    What it’s like meeting other people

    Rather than returning home, Lana traveled around Asia — to places like Thailand and Japan.

    It’s “really hard to go abroad and meet new people thinking that you are the person from Russia — and how people will respond to that,” Lana said.  

    She said when people ask where’s she from, there’s an “anticipation moment” that didn’t exist when she was young.

    “Back then, when you say ‘I’m from Russia,’ the first thing people say is vodka, bears, Matryoshka [dolls], and all that innocent stuff,” she said. “You kind of feel like yeah, I’m from Russia — it’s cool.”

    Lana told CNBC Travel being from Russia used to elicit comments about ballet, vodka and Matryoshka dolls.

    Bo Zaunders | Corbis Documentary | Getty Images

    But it’s different now, she said. While traveling, she braced for negative comments. Yet so far none have come, she said. Rather, people have offered words of sympathy and concern, she said.

    Lana may have been lucky. A wave of anger at Russia has blanketed parts of the world, from Europe to the United States, in incidents which the Russian government has used to stoke nationalism in the country.

    “Not everyone understands that the government, the country and the people, it’s not always the same thing,” she said. “Let’s say you’re from … [the United] States, I mean, you might not support Trump after all, right? The same thing’s been happening in Russia for the past, probably, 10 years.” 

    Anna said telling new people she’s Russian has “always been tricky, to be honest, even before the war.”

    She said there’s a “prejudice and stigma about Russians,” describing instances in Polish restaurants where waitstaff refused to serve her after spotting her Russian guidebook. After that, she began hiding her nationality more, she said.

    She said being asked where she’s from will be even harder once she starts traveling abroad again.

    “After the war, I guess, I’ll be afraid of the question even more, because I’ll instantly feel the need to start explaining myself, fearing a negative and aggressive reaction.”

    Azarova agreed it’s hard to meet foreigners, especially as she wrestles with her own feelings of “guilt.”

    “You understand that you personally haven’t done anything wrong, but you can’t get rid of the idea that something’s wrong with you personally,” she said.

    After the invasion, Russian journalist Julia Azarova fled Moscow with her husband, who is also a journalist. She said she welcomes people asking her about the war. “I’m honestly very, very glad to say what I think about that.”

    Source: Julia Azarova

    Since leaving Russia, Azarova said she’s not had any confrontations over her nationality. However, like Anna, she said she often feels the need to quickly say how she feels about the war.

    She said her conversations with foreigners have helped her because “you get the feeling that nobody’s blaming you.”

    Now she’s now no longer afraid to say she’s Russian, she said, namely because she can’t do anything about it.  

    “But I can do something to show the face of Russians who are not for Putin, who are not for that war … and who tried to do something to stop it.”

    She now covers the war for the news channel Khodorkovsky Live, a YouTube channel backed by the exiled Russian businessman and prominent Kremlin critic, Mikhail Khodorkovsky.

    What they wish people knew about Russians

    “People are just people,” Lana said, “regardless of nationality, your passport, your citizenship. I’ve lived in a few countries. I’ve traveled a lot. From my experience, most of the time stereotypes just don’t stand.”

    Anna said she wants the world to know that not all Russians are “crazy scary.” Rather, they are friendly, warm-hearted, ready to help and eager to be good friends, she said.

    “Many of us are trying hard to change something but people should know that it is difficult and very dangerous indeed to do … People should know, that behind scary news about Russia, there are millions of Russians, who suffer, who are scared and who are trapped, and who pray for peace every single day.”

    Azarova said she wishes the world understood that sanctioning the Russian people, as opposed to the government and ruling elite, won’t influence Putin.

    Lana said of recent trips to Thailand and Japan: “When you talk to people on a personal level, they do not perceive you as a representative of a country …you’re just a human being with your own thoughts and feelings.”

    Tomosang | Moment | Getty Images

    That’s because their opinions don’t affect change, like in a democracy, since “Putin is not an elected leader. This is a very, very important point. He hasn’t been elected in a fair and free election,” she said.

    Plus, Putin doesn’t care what happens to Russian people, she said — their difficulties won’t change anything.

    What will? “If Putin is removed by force” she said. But “Russian people don’t have … weapons.”

    The future

    Lana said she’s fearful about the future.  

    “I don’t … see a way out of the current situation. I’m afraid that Russia is … stuck,” she said.

    Azarova said that, although she misses Moscow tremendously, she is slowly accepting she may never live there again.

    “Never mind all the problems … it’s still a very beautiful city with all my memories of my childhood,” she said.

    But she said, her home, the way she knew it, “no longer exists.”   

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  • At Easter vigil, Pope Francis encourages hope amid ‘icy winds of war’

    At Easter vigil, Pope Francis encourages hope amid ‘icy winds of war’

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    Pope Francis presides over the Easter Vigil Mass in St. Peter’s Basilica on April 8, 2023 in Vatican City, Vatican.

    Franco Origlia | Getty Images News | Getty Images

    Pope Francis led the world’s Roman Catholics into Easter at a Saturday night vigil Mass in St. Peter’s Basilica, decrying the “icy winds of war” and other injustices.

    The 86-year-old Francis skipped an outdoor event on Friday night because of unseasonably cold temperatures in Rome. His doctors ordered prudence after he was hospitalized last week for bronchitis.

    Francis appeared to be well during the Easter Vigil service, during which he baptized eight adult converts to Catholicism.

    After starting the service in the rear of the church with the traditional lighting of a large paschal candle, he was taken in a wheelchair to the front to preside at the Mass.

    Easter is the most important day in the Christian liturgical calendar because it commemorates the day the Bible says Jesus rose from the dead.

    In his homily, read before about 8,000 people in Christendom’s largest church, Francis spoke of the bitterness, dismay and disillusionment many feel today.

    “We may feel helpless and discouraged before the power of evil, the conflicts that tear relationships apart, the attitudes of calculation and indifference that seem to prevail in society, the cancer of corruption, the spread of injustice, the icy winds of war,” he said.

    Francis has called for an end to all wars, and since Russia invaded Ukraine in February, 2022, he has repeatedly referred to Ukraine and its people as being “martyred”.

    Reading his homily in a strong and confident voice, Francis said that even when people felt the wellspring of hope had dried up, it was important not to be frozen in a sense of defeat but to seek an “interior resurrection” with God’s help.

    Francis concludes Holy Week celebrations on Sunday by presiding at an Easter day Mass in St. Peter’s Square and then delivering his twice-annual “Urbi et Orbi” (to the city and the world) blessing and message from the central external balcony of St. Peter’s Basilica.

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  • Disney names first brand chief as Iger refocuses on core properties

    Disney names first brand chief as Iger refocuses on core properties

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    Disney World’s Magic Kingdom in Orlando, Florida.

    Joe Raedle | Getty Images News | Getty Images

    The Walt Disney Company is looking to update its image.

    On Thursday, the company named Asad Ayaz as its first-ever chief brand officer, a position that will require the Disney vet to create a singular vision of the company for marketing campaigns.

    Ayaz’s appointment comes as Iger, newly returned to the House of Mouse, has begun reorganizing the company’s structure to put content production, streaming and marketing in the hands of creators. He is also seeking to cut $5.5 billion in costs. The company also recently rolled out its first wave of layoffs as it seeks to cut 7,000 jobs this year.

    Iger has said he plans on paring back Disney’s general entertainment content while maintaining a focus on streaming.

    On Wednesday, the company tapped Joe Earley to take over the role of president of direct-to-consumer for Disney Entertainment. He replaces Michael Paull, and leaves his post as president of Hulu.

    The new appointment also comes a week after Disney laid off Marvel Entertainment Chairman Ike Perlmutter. Perlmutter, however, Told the Wall Street Journal that he was fired for pushing too aggressively to cut costs and for clashing with creative executives.

    Ayaz will continue as president of marketing for Walt Disney Studios, where he has overseen marketing and publicity for the studio’s films and TV series, as well as Disney+, since 2018.

    “Asad is an exceptional creative leader with a deep understanding of what Disney means to millions of people around the world,” CEO Bob Iger said in a statement. “His taking on this role is particularly noteworthy and consequential as we commemorate our historic 100th anniversary, and I am confident that his strategic, operational, and creative prowess, along with his profound passion for Disney, will make him an outstanding steward of our stories, characters, brands, and franchises.”

    Ayaz has handled massive marketing projects for Disney before. Over his 18 years with the company he developed and led marketing campaigns for “Star Wars: The Force Awakens,” “Black Panther” and “Avatar: The Way of Water.” He is responsible for the marketing of 13 of the top 15 box office debuts of all time, including the biggest worldwide debut ever: “Avengers: Endgame,” which tallied $1.2 billion in its first five days in theaters.

    He will oversee the Disney100 campaign, which celebrates the 100th anniversary of the company.

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