well , yes, the board of shareholders appointed me the director arsenal congratulations thank you. if i should rejoice or cry? see, it's closed. i'm sitting sorting out paperwork, it looks like a business factory. yes, what to say? i see. i'm sorry, what are you going to do. you understand there is one curious video filmed by a hidden camera in this office. i wonder what video this is. what provoked petrenko to kill platinum. i'll take a look, i think it's around here somewhere. sorry , alas, well, in principle, the crime should be solved here. sorry nothing. so you can me explain? the one who provoked him to kill. helped. yes, there are fingers, tell the expert. let the camera hit the base. let him find out where the fare was bought by whom, by whom it was installed. in general, you figured out everything you should, the market. you will be his after his death. there was no order, in general, to die. he, it seems, was not going to have no wife, no children, also the only relative, the niece of her son. a single mother will not succeed as an heiress , i'm afraid they eat her. where

well, because the board of shareholders decided to remove all former leaders from office legal department now angela will tell you everything. hosts oh, this is hello, i'll be back on duty kupriyanov urgently outfit on the street we won't be anyone. this is our family business. you? a familiar person threatened to kill his son arkady for what? guess the prison came out already said the job came from. well, julia we did not immediately notice that things began to disappear as needed. write all the things that he stole, we will not write anything . go away. you understand that this good will end for me at home today. tomorrow he will go out into the street and start robbing. and if god forbid the child is a neighbor turn up, please go away. el you how do you know where she belongs things go away? well, how do you know thank you the legal department is in our neighboring building please tell me, what is the story there? but put it, but this is a man who thinks that you are a stupid beauty with long legs, but we know that this is not so, in short, nikitin asked stepanovich to take the goods b

the board of directors of the company gave shareholders a plan to send half of the net profit for 6 monthss dividends. according to the results of the first half of the year, rosneft earned a record 432 billion rubles in its history. that's three times net income for all of 2020. rosneft has been investing a lot in new projects in recent years to increase production, and therefore this allowed the company to show, in general, enough, impressive financial results and er, positive free cash flow and just er good free cash flow will allow the company to receive high interim dividends for 6 months of the current year. in russia, vegetable storage capacities, record for 5 years, are being put into operation - 350,000, t warehouses of agricultural enterprises and retailers will be able to hold 8 million 800,000 tons of fruits and vegetables. waste will be reduced according to experts by 2 million tons annually and the international monetary fund. warned of a bleak outlook for the global economy. this is indicated by a decrease in the business activity index in the g20 countries, the situation lo

at present german robebikhin is the chairman of the board of directors kaluga industrial group, however, the information that the meeting of shareholdersim of this post, in addition, we know, and the diametrically opposed political views of the charger and moisture, is not here the key to unraveling the crime that happened last night and whether zaryanov’s death marked the beginning of a major redistribution of economic and political spheres of influence in our region on the eve of the upcoming elections. lord, that he bears this question. we decided to ask the expert of the ministry of internal affairs major anna frosts. what, how expert could you, without giving out details, at least give a preliminary assessment of the current situation, as an expert i can. do you think this is a murder? shareholders like the legendary nineties. is n't it obvious? i understand from the rest of the investigation, the nationalist center. thanks for the interesting story. network express boris barsukov especially for news release konstantinovna no it's a montage. it is obvious. i didn't say anything, how he knows about the black bmw. i have no idea . w

rosneft may pay a record interim dividend of 20 rubles. 39 kop. per share such a recommendation was given to shareholders by the boardrs of the company for dividends, they plan to send half of the net profit for 6 months in the first half of the year, rosneft earned a record 432 billion rubles in its history. that's three times net income for all of 2020. in recent years, it has invested quite a lot in new projects to increase production, and therefore this allowed the company to show, in general, quite impressive financial results and, uh, positive free cash flow indicators, and just uh good freedom of cash flow will enable the company. you received high interim dividends for 6 months of this year, turkey will discuss the construction of a gas hub on the territory of the country with azerbaijan , president recep tayga said this to turkmenistan in early december, he will visit ashgabat, where he will meet with the leaders of these countries, the idea of ​​the project was previously proposed by vladimir putin through the gas center in turkey, in particular , russian gas will be supplied to europe, south korea, after a

board. it appears that they have elected two -- shareholders have elected two of the dissidents candidates forboard. and from what i understand, a third director nominated by engine 1 will actually join the board. this is either the most appalling intrusion into a company's business imaginable, on one side, or it's about time something happened. faber: in the end, the shareholders voted in three out of the four candidates. exxon is nothing if not realistic. and their experience in this proxy fight has surely gotten their attention. they've got three people on their board who they didn't want to be there. and so, they've got to learn to, you know, navigate in a different kind of conversation. change is good almost always. and the change here happened, you know, faster than it otherwise would have. i think everybody is benefiting from a room that's got more new thinkers. jeff ubben, a leading activist investor, is the founder of inclusive capital partners, which focuses on sustainable investing. he was one of the two members who joined the exxon board due to the pressure from d. e. shaw. it's a

of this. the shareholders forced the board members to talk about it at every board meeting legally the summit, nor our shackle savings. huston minerva has seen the cost of solar energy drop by 90 percent over 10 years in europe. it's the cheapest form of energy. so why isn't europe moving forward more quickly? over the past decade, investments in sustainable energy have been 7 times more profitable than fossil fuel investments. that could be a boon for de carbon eyes. ation will europe's financial centers get on board. so basically might, if we believed momentum was linear miss, we despair, you'll know the dilemma for there are also positive economic developments that grow exponentially. yeah. so hydrogen might take another 5 or 10 years ago, but when it's ready of it, it could happen very quickly. it looks it's these tipping points that we need to identify quickly. shashi is we're luck and give us something to be optimistic about tech yankee burner and gas at optimism is foot client is have to set the bar as high as possible. yeah. and push the market in the right direction in spain. some so

of the people who sell it. >> well, again, that's ultimately a board decision of how we return cash to shareholders, but i willl you, i think we're well positioned to do both, growth our franchises while appropriately making returns to our shareholders >> well, that would be extraordinary. you've convinced i think many people of how i feel, which is that you're doing a remarkable job. and this is the proof perfect. congratulations to you mary barr, chairman and ceo of general motors and we'll have a look at these cars >> absolutely. >> thank you >> stu i may be close to retirement but i'm as busy as ever. and thanks to voya, i'm confident about my future. voya provides guidance for the right investments. they make me feel like i've got it all under control. voya. be confident to and through retirement. with gold bond... you can age on your own terms. new retinol overnight means the smoothing benefits of retinol are now for your whole body. plus, fast-working crepe corrector diminishes wrinkled skin in just two days. gold bond. champion your skin. the first time you made a sale online was also the first time yo

, now there are five, and all five members of the supervisory board are elected from the ministry of defense despite the fact that there is a second shareholderogaz, since naftogaz has now instructed her to actually represent her interests and the ministry, and for some reason it happened that the ministry of defense decided to send a former lawyer, a former employee of the law firm andriy yarmak, to the supervisory board time, on the eve of the rise to power, they created a joint bar association, and that is, they worked together for a very long time, as well as the second member of the supervisory board from yermak's team - this is the head of his office, andriy gota, from the 20th flight, and in fact, on the 22nd , he managed the cabinet of andriy yarmak and - and now he is a full-time adviser to andriy yermak, and the appointment documents clearly state that he works in the president's office, that is, there are two quite close people in the supervisory board of the private joint-stock company that is now handed over to the department of the ministry of defense for some reason those close to yarmak actually got to the ministry of defense

there aren't any board of directors or ngos or shareholder groups telling their companies what they areoing wrong. it is inherently weak. you may be right. if a war started tomorrow we would all be dead, goodbye. i do not believe it. they have not fought a war in hundreds of years, a real war. and i think they are inherently weak all -- that is why i fall down on being tougher not weaker right now. >> i could not agree more. go ahead. >> sorry. i hope i am audible. these are just the more -- the arguments made by -- on the rights in 1972 when he went to beijing and did the agreement with the soviets. the thing is, while it is clear china has many weaknesses and i have written about them extensively, with much higher levels of sophistication, the soviet economy at peak was 41%. even at a slow growth rate it stands some chance of catching up with the u.s. in the next 10-20 years. i think the problems we are all talking about will ultimately drag the chinese system down. are you telling me that joe biden is ronald reagan because i must be suffering from historical analogy derangement syste

board of directors approved the arrangement four years ago. it was valued at more than $50 billion. the plaintiff in the class action lawsuit on behalf of shareholdersas unnecessary and that tesla's board and musk breached their fie douche yar duties. >>> president's biden and xi meeting face to face. we'll hear from the president next on "cnn this morning." >>> democrats keep the senate. now can they come from behind to keep the house? that help rebuild your skin. dove men+care. smoooother, healthier skin with every shower. when m moderate to severe ulcerative colitis persists... put it in check with rinvoq, a once-daily pill. when uc got unpredictable,... i got rapid symptom relief with rinv. check. when uc held me back... check. and when uc got the upper hand... rinvoq helped visibly repair the colon lining. check. rapid symptom relief. lasting, steroid-free remission. and a chance to visibly repair the colon lining. check. check. and check. rinvoq can lower your ability to fight infections, including tb. serious infections and blood clots, some fatal; cancers, including lymphoma and skin cancer; death, heart attack, stroke, and tears in the stom

they are not any independent boards of directors or ngos, activists, shareholder groups telling theirompanies what they are doing wrong. it is inherently weak. neil may be right. he may be absolutely right if a war started tomorrow, we would all be dead, goodbye, sayonara your die do not believe it. they have not fought a real war in hundreds of years, and i think they are inherently weak. that's why fall down and being tough not weaker right now. [applause] mr. byron: i could not agree more. neil, go ahead. mr. ferguson: i hope i am audible. these are the arguments that were made by richard nixon's for six -- critics on the right particularly in 1972 when he went to beijing and also did the agreement with the soviets. it is quite ironic that at the richard nixon foundation these arguments should be deployed. the thing is that while it is clear that china has many structural would this is and i have written about them extensively, it is still a vastly larger economy with much higher levels of technological sophistication than the soviet union ever was. the soviet union at peak was abo

of the tema severed as he tried to force in the european super league. i do believe there is a shareholder meeting on january 18 two appoint a new board of directors.om: remarkable story when it comes to italian football and the future of juventus. let's bring back gordon shannon, and i want to return to the china story. how have the events that have unfolded the last few days in that country informed ore view of chinese assets, and how much exposure you want to get either directly or indirectly? gordon: yesterday it looked like there was no way out of this for the chinese government that didn't involve disorder. we have enough data now that when covid restrictions are lifted, particularly with a relatively on vaccinated population, you get mass outbreaks. with that, you have a certain level of death as well. that's on the one hand -- that happening is an admission of failure of the covid zero policy. xi jinping does not do political u-turns, he doesn't admit to mistakes. on the other hand, clearly the chinese people have lost patience with covid zero. but now that the way is clear, you spend the narrative, you say that the virus is different now,

of corporate boards. what is your view on whether ceos have a responsibility to their shareholders or to the public to giveiews on important public policy issues? darren: well, there is no doubt that being a public company ceo today is one of the hardest jobs in america. along with being president of a university, there's no harder job. i do think that this move that the business roundtable has started to advance away from shareholder capitalism to a stakeholder capitalism is better. it means that we won't be slavishly, singularly focused on the issue of shareholder value and the price of stock as the metric for success of a company. doesn't mean that that has to be primary and important, but you have to take into consideration the needs and concerns of the other stakeholders, which often does come down on occasion to social issues, and i think it is hard to navigate that and each company has to make its own decisions, but my view on it is as corporate boards become more diverse, as the c-suite becomes more diverse, it's gonna be harder to ignore these kinds of social issues. david: do you have any interes

following the meeting in july of this year, the company did appoint a second woman to the board, ms. ely merfts. this is typical of the votes we cast and think shareholders when they express a concern about governance may impact a outcome. the second example here want to provide an example of shareholder proposal we voted on during this past year. a shareholder proposal is different then a director nomination, which comes from the management of the company. shareholder proposal is filed by shareholds in the company on a range of topics. we supported over a hundred shareholder proposal on the last year on environmental and social topics with things like management of human right, climate risk, diversity equity inclusion and (inaudible) on the example here is exxon mobile. at the may meeting there was a shareholder proposal balloted that requested the company produce a audited report that explain how a net zero transition could effect the company financial and operational health. we (inaudible) that really seek tuesday analyze such proposals and generally support proposals that we feel provide additional material information to investors around things like

like the coach of a last place team trying to argue things were going well the owners, the board that represents shareholders finally had enough as any nfl owner would have three games ago iger is an interesting choice. on one hand he was ceo for 15 years and most of the time did a tremendous job on the other hand he spent a lot on content to bulk up the streaming business disney traded one treadmill and the endless decline of espn subscribers for another as they fix ated on the subcount you have to hope the execution can improve under iger i think disney did poorly because there wasn't enough accountability for various far flung divisions. that's why i mentioned this morning i thought nelson a brilliant activist invest tore that owns a big slug of disney would be a good addition to the board like proctor and gamble. he demanded accountability and the stock went crazy and went for the charitable trust they are playing for how disney can improve itself why not? put him on the board for heaven sake i don't know if you can cut cost your way to raise enough cash to pay for the one-third stake of hulu disney is s

was sued by tesla shareholders over the compensation package that helped make him the richest men in the world must deny dictating the terms of the $55 billion plan or attending any board or committee meetings at which it was discussed. the shareholders. attorneys suggested that must controls tesla to such an extent that he can influence the board to do whatever he wants. the embattled cryptocurrency exchange, fdx is now haggling with regulators about its bankruptcy fdx file for chapter 11 bankruptcy in the us last week, however, regulators in the bahamas are now trying to take over control of the bankruptcy proceedings. because fdx is legally based in the bahamas, the company and its founder, bay area native sam blankman, freed faced several investigations in the us and the bahamas. fdx is accused of investing and losing a billion dollars worth of customers money in other ventures without their approval . the fd x logo has now been removed from the football field at u. c. berkeley. the stadium was briefly named ft x field at memorial stadium, fdx attracted a number of naming rights contracts and celebrity endorsements. former fdx customers have now filed a lawsuit aga

shareholders. over the compensation package that helped make him the richest man in the world must deny dictating the terms of the $55 billion plan or attending any boarde meetings at which it was discussed. the shareholders attorney suggested that must controls tesla to such an extent that he can influence the board to do whatever he wants. $5 million in grant money is now available to build more electric car charging stations in the bay area. the bay area air quality management district just announced a new grant program to fund more evie charging stations . the funding is available to public agencies, homeowner associations, non profits and businesses. applications are being accepted through march 3rd of next year. the california state budget is expected to take an unexpected turn in the wrong direction next year, according to the nonpartisan legislative analyst's office. california will likely have a $25 billion budget deficit. state revenues are now $41 billion, below expectations they had been increasing for the past decade. the report says the deficit will be due to tax collection slowing during the economic downturn. state personal income tax r

he's being sued by a shareholder who said he dominated tesla's board to secure the record-setting compensation deal . the trial set to last through the end of the week. very busy man, but we can see fairly well compensated for that time. mark: how long before he declares he's going to run for president, do you think? i thought i would just dangle that one out there just in case. >> i think you might need to be naturalized to be u.s. president. mark: i'm sure he could organize that. great to see you. images circulating on certain social media platforms claiming to show the fatal explosion in istanbul on sunday. >> following the istanbul terror attack that killed six and injured dozens on sunday, misinformation was quick to follow with a couple of videos that users claim portray the explosion. let's start with this tweet right here that is shared this time but flash news, which is a ukrainian news website on twitter. they got the facts right, but the footage was not complete we correct. let's look at the video that goes with this tweet right here that allegedly shows the moment that this blast occurred in istanbul where we see pedestrians and

there's the connections to the board of directors that approved the pay package. he had a number of friends and the shareholder much influence over this massive rate package and that he bawanted to fund his mission to go to the moon with this massive pay package. it will be interesting to see. boards of directors do have a lot of latitude to set pay packages like this. it may be an easier one for elon musk to argue in this case but there's also this issue of the fact he's running so many different companies. >> where is his attention? that's a good example. elon musk's erratic behavior may be hurting his company. everybody adored him and he's gone down in flames as well. there's an interesting, i don't know, moment here for those guys. >> it does feel like a real sort of disconnect between the big tech titans and visions and they're willing to pursue at all costs. you're seeing the costs now which is people are getting laid off. investors are losing money that they invested in crypto. these big bets it seems maybe they're not thinking about all of the consequences. >> the common denominator, they don't have br

board of directors and i'm excited about the future. >> you've mentioned it's been tough times. the trajectory of your stock since you've gotten involved, congratulations. >> thank you. >> you're doing great things for the shareholderst's lal he's the president and ceo of em mer son, emr it's all easy, bite size and you should read it and own it. "mad money" is back after the break. >> announcer: coming up, will this stock make you skip to your lu the at leisure standard bearer next - addressing climate change requires effort from all of us, now and for generations to come. - join dylan and me as we get personal about the environment and how we can each do our part. - watch our conversation on peacock. what if we wanted to electrify all of this... 100% carbon free... is it possible? ♪♪ aes has been leading energy transitions for decades... and is partnering with the worlds leading companies to decarbonize industries... cities, and nations. even the internet. is it possible? can we reliably power the things we love and green the planet at the same time? yes... aes. >>> for thebetter part of the last year the market has been an absolute horror show as the bears rampage and the bulls drown under a tide of red ink. the

of the russian asset turned out to be stronger than the largest shareholder of the investment company letter one among the founders, who are russian businessmen. mikhail fridman and pyotr avin both left the boardors of this investment company in early march; in russia, he accounted for half of the proceeds, in fact, the holding grew from the one founded in the ninety-second year coma is now at the holding, except for the regimental committee. there are still assets pakistan bangladesh kazakhstan kyrgyzstan uzbekistan and ukraine oil continues to fall in price today , but the pace is already much slower than yesterday, negotiations within the eu and the introduction of a ceiling on prices for russian oil have stalled and now the market is waiting for what will happen next on the russian stock market by the end of the day growth has fizzled out, and here are veon shares on the news about the sale of vypilkom on the moscow exchange. today they soared by 28%, the dollar is getting cheaper against other currencies, including the ruble from the protocol the last meeting of the us federal reserve. exchangers. we realized that at its next meeting in december, it is highly likely that they will slow do

was sued by tesla shareholders over the compensation package that helped make him the richest man in the world must denied dictating the terms of the $55 billion plan or attending any boardt was discussed. the shareholders attorney suggested that must controls tesla to such an extent that he can influence the board to do what he wants. 8 44 right now, some parts of the barrier seems too busy. traffic south castigated here with the final look at the road, so good morning. we still have some improvement here on 80 westbound 38 minute drive between the car, kenya's bridge and the mcarthur maze. you can see that traffic is getting a little better when you get to the bay bridge show plans that are still pretty robust backup here and traffic is going to be slow. i've noticed that there's a pretty big backup right now on the richmond bridge. so don't let this take you by surprise on that richmond bridge now westbound 5 80. we did have some problems there as you come up on that span. we're looking at it now, and there's a crash right near the top plaza and all of a sudden what had been a decent commute is very slow. 8 45. let's go to roberta. now with today's weather of high thi

>> as a shareholder vote, the board of which i am one of nine members, we will consider that and consider how we go forward on doing that. frankly, we don't violate human rights. to say we do is just not correct. >> the gentleman's time has expired. the gentleman from pennsylvania, mr. keller, is recognized for five minutes. >> thank you, chairwoman and ranking member and our witnesses for being here today. the second amendment protects americans constitutional right to keep and bear arms. as a gun owner myself, i have immense respect for the responsibility that comes with owning and operating a firearm. as an instructor, can you please explain to us, walk us through some of the best practices you teach requiring firearm storage and safety? of course depending on the type of firearm, but in general, overall, when it comes to storage, it's usually based on what is best for that person in their home, also if they will be taken out in front of the home or keeping it in front of the home, but usually they must keep it in a safe place, a safe place that is eligible acceptable to them and those

a shareholder alleging musk has undue influence over the board musk arguing that he didn't dictate the terms offocused on running the company the world's wealthiest man also said he plans to name a new ceo of twitter to take his place he does have a full plate. >> he has a full plate i'd also just note in terms of the compensation packages we've seen from musk over the year, they've been somewhat outrageous and it really speaks to i think his ability to execute and operate at times when he puts his mind to it in different companies to do what a lot of people think can't be done >> poetic justice. 52 billion with the payout what did he spend on twitter 44 billion a lot of that has been spent you could say. >> very good point >> all right morgan, good to be with you. >> great to be with you. >> thanks for watching "power lunch," everybody. what a busy day it's been. >> "closing bell" starts right now. >>> stocks mostly lower here on wall street as investors weigh disappointing results from target against some upbeat economic data. welcome to "closing bell." take a look at where we stand right now

was sued by tesla shareholders over the compensation package that helped make him the richest man in the world must denied dictating the terms of the $55 billion plan or attending any boardwhich it was discussed. the shareholders attorney suggested that must controls tesla to such an extent. that he can influence the board to do what he wants. time is now. 5 57 ft x the embattled cryptocurrency exchange is now working with regulators about its bankruptcy filing last week, fdx filed for chapter 11 bankruptcy here in the us, however, regulators in the bahamas are trying to take over the bankruptcy proceedings because dx is legally based in the bahamas. the company and its founder facing several investigations here in the us and the bahamas. fdx is accused of investing and losing a billion dollars worth of customers money in other ventures without their approval. and the f d x logo has been removed from the football field that u c. berkeley stadium was briefly named ft x at memorial stadium. fdx rights cos and celebrity endorsements. former fdx customers have now filed a lawsuit against several celebrities, including larry david. tom brady over the collapse of that cryptocu

of $55 billion. the lawsuit was filed by tesla shareholder who holds just a few shares and his argument is essentially that the boarde this compensation award in 2018 did not act independently. that muscat influence over them. and that he was a part-time ceo. for a long time he's had association with the leadership of other companies including space x, more recently twitter of course. mosque is on the state -- musk is on the stand saying he had -- alix: why does that matter? if they don't like the structure, don't own the stock? >> this is the biggest executive compensation of all time. it was split into 12 tranches tied to performance targets and in each one it equated to 1% of tesla's outstanding shares which has tesla became more valuable had more of a substantial impact. elon musk is the worlds most closely followed human being right now. he is the world's richest man. for the tas list shareholder's perspective what they're asking the court to do is leave that outstanding options back to the company because they feel they're not getting good value from the ceo who has multiple roles and is not fully focused on t

board is discussing where is the best benefit for global shareholders. we have those discussions now. francine: thank you so much. the chief executive officer ofenvision energy. i know we will see you at the bloomberg new economy forum in singapore. republican gains in the house narrower than expected while senate races still too close to call. plenty more on that and what it means for the markets and the u.s. economy. this is bloomberg. ♪ >> the benefit of price increases and the launching of the disney plus add to your next month. a realignment of our costs, including our marketing spend. third, leveraging our learning send experience in direct to consumer to optimize our content and distribution approach to deliver a steady state of high-impact releases. tom: the disney ceo another company's results. other earnings coming through from adidas, abn amro. adidas, fascinating story. they had to dump their partnership with kanye west after he posted anti-semitic tweets. the yeezy line proving a bit of a drag. they cut their profit forecast for the third time since the summer. the discontinuing of that line is a big factor there. also what is hap

shareholders lawsuit is challenging a massive compensation package that musk received in 2018. that package was worth about $50 billion and approved by tesla's board members. but the suit accuses board members of having a conflict of interest in the package due to personal and professional ties to musk. >>> and job cuts are underway at amazon. the online retailer reportedly plans to cut about 10,000 workers. 263 of them from its sunnyvale locations. amazon said in a memo, the initial cuts will impact within their devices and services team. >>> a change in seasons and a change in fortunes for one sierra ski resort. sierra at tahoe is back from the brink. cbs reporter shows us how the rebuilding from the caldor fire is almost complete. >> reporter: it's a testament to the community resiliency. after having to remediate, reinvigorate is finally set to open yet again. and ahead of that december 3 open date, mountain staffers are hard at work. the first phase of the sierra at tahoe restoration plan was completed with the second phe atedto continue through 2023. the ski area was hit the hardest by the caldor fire and will force the mountain officials to rethink their terrain. >> not too many resorts

a tesla shareholder is hoping to prove during the 5-day trial that musk used his dominance over tesla's board to dictate the terms ofe. musk is set to testify on wednesday. this, of course, adding to the new twitter owner's already triple-booked calendar. musk saying during a video appearance in indonesia, quote, i have too much work on my plate, end quote. well, in steps former t-mobile she ceo john ledger who, hearing that, offered to ease some of that burden. he tweeted, hi, elon musk. maybe i should run twitter. you can stop managing daily business and content moderation and then support product technology. let someone else run twitter with. i'm expensive, but so is what you paid for twitter. p.s., please be leadership example of how to tweet. elon's response? no. [laughter] biogen -- listen, he could do worse than john ledger, okay? biogen on track for its highest close since september of 2021 after its rival roche said its alzheimer's drug failed to meet primary targets in two late-stage trials. its drug show ised a slowing of clinical decline that was not statistically significant compared to the placebo. bio

out there that the board has indicated they will support and there's a number of months of work ahead of us here. we have to conduct due diligence and they have to take it to a shareholders a real pleasure, thank you so much. thank you for being with us in the studio. this is bloomberg. ♪ guy: before we go, the main event today will be jay powell speaking at the brookings institution that will take place at 1:30 p.m. new york time. we get earnings and sales force at snowflake and president macron is in the united states meeting with members of congress and talking about climate issues. he meets the president tomorrow. alix: we will go through all of that on radio. coming up, we have the former reserve bank of india on balance. this is bloomberg. ♪ hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and

the largest shareholder ion investment company letter one among the founders, of which russian businessmen. mikhail fridman and peter are equal. well, both in early march. they left the boardthese are investment companies. oil continues to fall in price, but the pace is slowing down, because the market seems to be already digesting the news that the establishment of marginal prices for russian oil in europe is being delayed, but the growth of the russian stock market has also run out of steam because the rts index is showing an increase in these minutes. it explains half a percent only by the fact that it is calculated in dollars from dollars to other currencies, including the ruble getting cheaper from the minutes of the last meeting of the us federal reserve. exchangers. we realized that he would most likely be slowed down at his meeting in december. the rate of key rate increase was presented to the authorities by the projects of russian analogues of tiktok and instagram owned by meta, a recognized extremist organization in russia, according to rbc, among the projects submitted and pre-approved by the government to luka's social network from motivational solutions llc,

the state bank of india board meanwhile, is set to seek approval for raising infrastructure bonds. plus, adani enterprises is seeking shareholdersading starts eight minutes. nifty futures pointing to a lower open, down 0.2%. rishaad: and stay with what is going on in the country, we have the venture capital market very much in focus with our next guest leading investment strategy in india for elevar equity. it is an impact-focused fund, an early-stage venture capital company. managing partner jyotsna krishnan joins us now. give us a sense of what you do differently to other vcs, and how impact plays a crucial role, specifically where. jyotsna: thanks for having me, it is great to be talking about this subject to a broader audience. we have been investing for about 15 years, so clearly seeing more than a cycle or two in the markets, and our focus is really emerging markets, more specifically india and latin america. two very different markets but connected by a customer segment. i will say, this customer segment is not that well understood because it is massively underpenetrated and it has seen massive shifts over the last two de

and ukraine the largest shareholder of vion, an investment company among the founders, which are russian businessmen. mikhail fridman and pyotr avin both left in early march. boardthis investment company the russian stock market for the whole day did not find serious reasons for either growth or fall the moscow exchange in the absence of foreign players out of decency, along with the rest of the global markets, is waiting for the results of the meeting of the us federal reserve. they will be today after 9:00 pm moscow time, the rts index fell more strongly, but only because it is calculated in dollars, and the dollar rose against the ruble euro, by the way, according to the results of today's trading, the american, 61, 80, the european, 612 . the crisis undermines the industrial power of europe an article with this title is published reuters estimated the international energy agency in the third quarter, gas demand in the european industry fell by 25%. and analysts. they say this is the result. not just that energy-intensive industries such as aluminum fertilizers, chemicals have become more efficient, but that they are forced to close and move production to pla

that nelson peltz is now a shareholder is a positive for investors that have looked at some of his other companies that he's gotten involved in, p & g when he join the boardtock went up a lot. there's a question mark about how much disney and iger and the board is going to be engaging with him what have we learned about their relationship with loeb and other activists that have been in this stock? >> reporter: if you look at the relationship that chapek has with loeb they said they had been making progress and had come to certain agreements we saw some of the recommended board members being appointed to the board but ultimately it seemed like they were not happy with the performance, particularly in the most recent quarter. disney had managed to add more subscribers to its streaming business but the profitability was falling far short of expectations and the losses were growing so i think, that you know, iger is very conciliatory and very easy to deal with in terms of managing the relationship with investors, and i would expect that to continue, so as we see the stock up over 6% today, it seems like the expectation is that he'll work with all shareholders

priority 30% of cash goes to shareholders which is up from 15% in 2013 volatile prices calls for peak oil demand and shareholders looking for return as you can see, it is down across the boardar, exxon plans to spend $22.5 billion in total on capital and exploration with chevron at $15 billion to put those numbers in context during the third quarter, exxon posted record net income of $19.7 billion. chevron reported $11.2 billion in total earnings in q3. the second highest ever. these follow record losses during the pandemic. the white house is look at the buybacks exxon repurchase of $10.5 billion of shares this year. chevron with $7.5 billion on buybacks through the end of september. wall street seems to like what it is hearing, frank both stocks hitting record highs yesterday. >> pippa, what do the oil and gas companies say with the response from the administration are they growing production? >> they are highlighting production in the permean basin. they say this is a cyclical industry so they say they are investing today, but we are not going to see the impact of that until further down the line. they are also facing the same inflationary pressures across the economy wi

shareholders at albertsons >> something albertsons was planning to do regardless of merger obviously, if you look at during covid theye ehad incredible success and had cash flow. the dividend is something that their boardhey would have done regardless of the transaction. >> do you think, can you give any assurances of the ftc and have you spoken directly, not just submit, spoken we will not have a safe way hagan problem where hagan got a bunch of safe ways and went bankrupt within five months. have you talked directly to anyone in the enforcement or at the highest level of the ftc or justice about this deal? >> i have not at this point but i'm sure at some point we will i will and we feel very confident and comfortable that it will be an amazing competitor that creates good solid jobs in addition to if you look at the albertson kroger merger, we'll have over 700,000 associates, hundreds of thousands of good strong union jobs and in fact, if you look over the last several years, kroger added over 100,000 union jobs and, you know, when you look at the things together, i think we have a great case to share and looking excited to sit down and share the actual details. >> one last question, you showed me sp

of esg. why did this kid feel on board and to do so? well, because as an asset manager, he controlled a significant portion of his company shares. voting rights that were essentially robbed from american shareholdersthis year's proxy season was particularly egregious. most banks had to fight off activists proposals, including social racial equity acts. the forced the banking of oil and gas companies. -- i would like to turn to you, do you believe that these activists and shareholder stewart or accurately representing the views of the individual investors that actually hold the shares? >> all of the rooms investors to have a fiduciary responsibility to do their homework involves. i personally think it's a disgrace that we rely on proxy providers. i think it's terrible. one of the few people who say that. i think it's worse than what you are saying. we've gone from 7000 public companies to 4000 operating companies in the last 20 years or so. that is a problem. we are driving them private, this is partly the reason. one thing i would like to add, they are starting to do this proxy voting so your mother can vote her shares. i am in favor of that. the way here is get voted today, if the person doesn't

of coffee with eiger? they were always friends i don't want to make this story be about nelson, but i think -- >> it's not about nelson >> but i think he belongs on the board. big shareholder no. >> no? >> that's not -- the story i want to talk to you about is what now you have been saying chapek deserved to get ousted he did get ousted. bob eiger is back. it's stunning. it's not something that many expected mr. eiger, when we have spoken in the past, had indicated he was very happy with retirement, so to speak, with doing a lot of different things >> do we have your tape? i thought your tape was fantastic. >> i know we have a number of different things we have my -- we did an exit interview less than a year ago, and you know, here's what he had to say, sort of, about his future and why then he was happy to be leaving. >> you don't regret having left when you did and stepped down as ceo when you did >> no. i think that, look, no one knew that the pandemic was going to explode the way it did i think the timing was unfortunate. but throwing a new ceo into that circumstance was difficult but no, no regrets about having made that decision it was time. i didn't want people to s