Tag Archives: Venture

New Helldivers 2 Major Order directs players to Heeth and Angel’s Venture to kill even more bugs after liberating Veld [UPDATED] – Windows Central

  1. New Helldivers 2 Major Order directs players to Heeth and Angel’s Venture to kill even more bugs after liberating Veld [UPDATED] Windows Central
  2. Over 180000 Helldivers 2 players are storming a single planet and are on track to liberate it in under 24 hours—unless Arrowhead’s devious DM gets mean again (Update: He did) PC Gamer
  3. How to complete the Helldivers 2 Liberate Veld Major Order Gamesradar
  4. Helldivers 2 Players Losing It Over The Fall of Malevelon Creek Kotaku
  5. Helldivers 2 players invigorated by “huge” new Major Order rewards Dexerto

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Hall & Oates’ Restraining Order Mystery Solved: Daryl Hall Wants to Block John Oates From Selling His Share of Their Joint Venture to Primary Wave – Yahoo Entertainment

  1. Hall & Oates’ Restraining Order Mystery Solved: Daryl Hall Wants to Block John Oates From Selling His Share of Their Joint Venture to Primary Wave Yahoo Entertainment
  2. Here’s the shocking reason Daryl Hall is suing John Oates: source New York Post
  3. Hall Versus Oates: What Went Wrong? | Hackensack Daily Voice Daily Voice
  4. Daryl Hall is suing John Oates over plan to sell stake in joint venture. A judge has paused the sale The Associated Press
  5. John Oates breaks his silence after Daryl Hall lawsuit, talks about compassion New York Post
  6. View Full Coverage on Google News

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Tosca Musk, Elon’s sister, has a business venture of her own — and it’s all about romance and female sexuality


Atlanta, Georgia
CNN
 — 

Tosca Musk strides onto the red carpet at a Regal Cinemas, statuesque in a white pant suit and glistening burgundy silk top.

A hush comes over a group gathered outside the theater’s doors. Some whip out cell phones and start recording her every move.

It’s a chilly October night in Atlanta, and the fans are here for the premiere of “Torn,” the second in a trilogy of romantic fantasy movies based on books by author Jennifer Armentrout. The group of mostly female fans range in age from their twenties to their seventies, and some flew in from Boston, Detroit and other cities.

This is a big night for Musk and her five-year-old streaming service Passionflix, the backer of the movie. It’s their first public film premiere since the pandemic started.

She floats from one group to another, chatting effortlessly with Passionflix’s superfans, known as Passionistas. Her older brother, Elon Musk, may be the most famous sibling in the family, but he’s not the only one who’s founded a company.

Musk, 48, is the force behind Passionflix, which adapts romance novels into movies and streams them to a devoted niche audience. Romance novels are the most popular genre of books in the United States, and Musk is tapping into that market with stories about sultry, powerful female leads and handsome men with chiseled abs. She directs some of the films herself.

“Passionflix focuses on adapting romance novels exactly as the fan and the author envision it,” Musk says in a separate CNN interview. “We focus on connection, communication and compromise – and remove the shame from sexuality, specifically for women, because it empowers women to both acknowledge and ask for pleasure.”

Days earlier, on the set of a Passionflix movie, “The Secret Life of Amy Bensen,” Musk provides a few glimpses into life with her famous family.

Perched on a navy blue couch in a room tucked inside a warehouse in suburban Atlanta, she chooses her words carefully when asked about her older brother, who was on the verge of his Twitter acquisition.

The Musk children – Elon, Tosca and another brother, middle child Kimbal – were born in South Africa and spent time in Canada before coming to the United States. Their father, Errol, is an engineer and property developer, while their glamorous mother, Maye, is a model.

Tosca Musk attended film school at the University of British Columbia in Vancouver and moved to California after graduation. For three months, she worked for one of Elon Musk’s companies, Zip2.

“I realized every time I stepped out of the film world, I was just not happy,” she says. “It just wasn’t my thing.”

After a brief stint at the Los Angeles office of Canadian media company Alliance Atlantis, she began directing and producing films while still in her twenties.

Musk produced romance films for the Lifetime and Hallmark channels and in 2005 launched a comic web series, Tiki Bar TV, which was hailed by Apple CEO Steve Jobs as ahead of its time in the emerging field of vodcasts – or video podcasting.

Then came Passionflix. Its origin story is a classic tale of when one door closes, another one opens.

About five years ago, Musk got an email from a woman who wanted her to turn her script into a movie. Musk loved the script, but there wasn’t much interest from production companies.

“People weren’t really that interested because it was too risque … It was an adult movie with a little bit of reincarnation, things like that,” she says. “It just wasn’t one of those things that regular network television wanted to do.”

But Musk met the woman, Joany Kane, in Los Angeles, and they bonded over their shared passion for romance novels. During that conversation, Kane brought up the idea of turning romance novels into movies and creating a streaming platform for them.

And with that, Passionflix was born – with Musk at the helm and Kane as a co-founder.

“We had no investors. We had to go out and find every investor. So it was a matter of going out and pitching every single person,” Musk says. “We pitched every friend, every family member, everybody just for that small bit of angel investment. It was hard. The first money in is always the hardest money.”

Musk declines to say whether her brother Elon was one of her original investors. But she says she can always count on her two brothers, including restaurateur Kimbal Musk, to give her advice on her business ventures. She tries not to ask unless she really needs to.

“I get advice from them to a certain degree when I ask for it. But no unsolicited advice,” she says. “If I ask for advice, I have no doubt that he (Elon) will give it to me. And then I have to take it, because he’s going to be right. So you have to really want to know what you want to ask. But most of the time when I’m with my family, we talk about family things.”

So what does she think about her brother’s new role as CEO of Twitter – and the flurry of headlines surrounding it?

No comment.

Passionflix’s first film was “Hollywood Dirt,” based on a best-selling novel by Alessandra Torre about a Southern woman who finds romance with a Hollywood star when he comes to her small town to film a movie.

“During that shooting of that movie, we were struggling,” Musk says. “Are we going to get money? Are we going to be able to finish it? We were not really sure. We basically were just sort of piecing the dollars together.”

In May 2017, Musk played a trailer of the movie at a romance novel convention and asked attendees to prepay $100, as founding members, for a two-year Passionflix subscription. About 4,000 people signed up, Musk says, and she and Kane used that to show potential investors they were onto something.

“Trying to raise money for a female-driven platform on romance was just not high on anybody’s priority list at the time,” she says. “But as soon as we showed there was that many people that would come on board, the investors just started flying in.”

Passionflix has since produced more than two dozen feature-length and short films, according to the Internet Movie Database.

The company remains lean – it has a core team of seven people who each wear a lot of hats. In addition to producing its own content, Passionflix also licenses films for its platform.

“I think the biggest challenge for Passionflix is we can’t produce enough content to satiate the fans,” Musk says. “It’s a struggle with so many streaming platforms, when people want original content all the time.”

With more than 200 streaming services now competing for viewers, such niche markets face a myriad of challenges, says Dan Rayburn, a streaming media expert and consultant.

Creating, licensing and marketing content is very costly, he said. And while romance is the biggest-selling genre of books in the US, that doesn’t necessarily mean its popularity translates to movies.

“That’s comparing apples to oranges. Books are different,” Rayburn says. “This business is beyond tough. It’s highly competitive and requires an absolute large sum of money.”

Passionflix charges a subscription fee of $5.99 a month. The company does not disclose its subscriber numbers. Musk says subscribers are in the “six figures,” but declines to offer specifics.

Rayburn says it’s hard to determine the company’s profitability without knowing its expenses, including production and licensing costs.

“OK, if you don’t have subscriber numbers, what’s the usage? How many hours per month do people watch it? How much are you spending on content licensing?”

A deep dive into Passionflix’s online movie catalog reveals a mix of contemporary romance, fantasy romance, paranormal romance, erotic fan fiction and related sub-genres.

The films, which stream on the Passionflix site and on Amazon Prime Video, are rated on an escalating steaminess scale Musk calls a “barometer of naughtiness.”

The five categories: Oh So Vanilla, for wholesome romcoms; Mildly Titillating; Passion and Romance; Toe Curling Yumminess; and NSFW (Not Safe for Work). The latter category has risque plot lines and more sex – think “Fifty Shades of Grey.”

But Musk says that even the naughtiest Passionflix movies don’t reach the soft-core porn threshold.

“When we first started Passionflix, somebody asked us if we’re going to rate using MPAA,” she says, referring to the Motion Picture Association of America’s movie ratings such as PG-13, R, etc. “I don’t actually like any of those ratings. They’re not specific to women. I wanted something that could rate our shows and create more of a tongue-in-cheek conversation.”

Musk says she’s a romantic at heart and is a big fan of the genre.

“Love is amazing, it’s incredibly powerful. I love to tell stories of love, all kinds of love,” she says. “So parental love, friend love, family love, and love between any kind of couple.”

That broad range of romantic genres, and its sexy content, are what sets Passionflix apart from channels such as Hallmark and Lifetime Movie Network, says romance novelist Tamara Lush. She believes the romance genre has been especially popular during the pandemic because people seek comfort in stories with happy-ever-after endings.

“Hallmark is romance-centered but the stories are very, very sweet. Passionflix tells a wider range of stories, and the ones romance readers want to watch,” Lush says.

“The popularity of ‘Bridgerton,’ ‘After’ and ’365 Days’ on Netflix should tell streaming services all they need to know: that romance is a lucrative and sure bet for viewers.”

Passionflix’s original subscribers, known as founding members, get access to movie premieres and filming sets.

Last month in Atlanta, about four dozen of them piled into the Regal theater for the premiere of “Torn.” Following the movie, Musk hosted a question-and-answer session with the lead actors, followed by an after-party at a bar across the street. Fans and actors mingled over drinks.

Debbie Parziale, 67, says she flew in from Boston for the event. One of the founding members, she says she spent the pandemic years curled up on her couch, watching Passionflix movies.

“I love Tosca’s premise of empowering women and making sex not such a taboo subject,” she says. “She’s so true to the romance novels. When you read a book and watch one of her movies, it’s the book you read.”

Amanda Cromer, 32, says she signed up for Passionflix at a romance book convention. She loves the camaraderie that comes with being part of the Passionistas. The group has a virtual book club, called Passion Squad.

As one of the original members, Cromer can visit sets and interact with the actors. Cromer, who lives in a suburb of Atlanta, says that during a visit to the set of “Torn” she became an extra in a cafe scene.

“I love the empowerment the movies bring,” says Cromer, who attended last month’s “Torn” premiere with her mother.

“They choose books with strong female leads. They’ve done such a good job of portraying the female persona as a strong independent female, and not a timid person.”

Back on the set of her latest romance movie, Tosca Musk moves from one sparsely furnished room to another.

Musk lives in suburban Atlanta with her two children, 9-year-old twins who were conceived through in vitro fertilization using an anonymous sperm donor.

She’s getting ready to fly to Italy with the twins to film “Gabriel’s Redemption,” the third book in a series by Sylvain Reynard about a Dante scholar and his passionate affair with a younger graduate student. She says they plan to enjoy lots of gelato in Florence and visit Oxford, England, so the kids can see some of the locations where the Harry Potter movies were filmed.

As a single mother, Musk says she marvels at the path that led her to a job she loves.

She hopes Passionflix will help convince the film industry’s big names that adopting romance novels into movies is a worthy investment.

“The entertainment world is controlled mostly by men. At the end of the day, the decisions tend to sway toward the male audience as opposed to the female audience,” she says. “They also tend to be more about the victimization of women than they are about sexually free or sexually empowered stories about women.”

And for Musk, there’s also a simpler reason for her filmmaking ventures.

“I’m a storyteller at heart,” she says. “I just want to be able to tell stories.”

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ISS: American spacewalkers Cassada and Rubio venture outside the space station

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CNN
 — 

Things are about to get busy on the International Space Station as the first in a series of end-of-the-year spacewalks kicked off Tuesday morning.

First-time spacewalkers and NASA astronauts Josh Cassada and Frank Rubio began their excursion outside the space station at 9:14 a.m. ET, with live coverage on NASA’s website. The event is expected to last for about seven hours.

Cassada is wearing the spacesuit with red stripes as extravehicular crew member 1, while Rubio is in the unmarked suit as extravehicular crew member 2.

The astronauts will assemble a mounting bracket on the starboard side of the space station’s truss. The hardware that will be installed during the spacewalk was delivered to the space station on November 9 aboard a Northrop Grumman’s Cygnus spacecraft, which safely delivered its cargo despite only one of its two solar arrays deploying after launch.

This hardware will allow for the installation of more rollout solar arrays, called iROSAs, to give the space station a power boost. The first two rollout solar arrays were installed outside the station in June 2021. Six iROSAs total have been planned and will likely boost the space station’s power generation by more than 30% once all are operational.

During two more spacewalks on November 28 and December 1, a two-astronaut crew will unroll and install another pair of solar arrays once the mounting hardware is in place. The solar arrays will be delivered on the next SpaceX Dragon commercial resupply mission, currently slated for launch on November 21.

Spacewalks are part of the space station crew’s routine as they maintain and upgrade the aging orbital laboratory, but Tuesday’s spacewalk is NASA’s first since March. The agency’s spacewalks came to a halt after European Space Agency astronaut Matthias Maurer ended his first spacewalk with water in his helmet.

A thin layer of moisture that exceeded the normal, expected amount was discovered in Maurer’s helmet once he returned to the airlock after a nearly seven-hour spacewalk. Maurer quickly shed the helmet, in an event deemed “a close-call” by NASA, and water samples, suit hardware and the spacesuit itself were returned to Earth for investigation. Officials at NASA determined the suit didn’t experience any hardware failures.

“The cause for the water in the helmet was likely due to integrated system performance where several variables such as crew exertion and crew cooling settings led to the generation of comparatively larger than normal amounts of condensation within the system,” according to NASA in a blog post update.

“Based on the findings, the team has updated operational procedures and developed new mitigation hardware to minimize scenarios where integrated performance results in water accumulation, while absorbing any water that does appear. These measures will help contain any liquid in the helmet to continue to keep crew safe.”

Officials at NASA gave the “go” for spacewalks to resume after concluding the review in October.

The investigation team has developed techniques to manage temperatures in the suit and added new absorption bands to the helmet, said Dina Contella, operations integration manager for the International Space Station Program.

The thin orange pieces have been placed in different parts of the helmet, which has already been tested on orbit by the astronauts inside the space station.

“We’ve taken several different models of this up and the crew on board sloshed water around, essentially tried to inject water into the helmet at the same rate that would be kind of a worst, worst case. And we found that these pads were very, very effective,” Contella said.

Tuesday’s spacewalk will allow the crew to test the new pads as they work outside of the space station before the more complex solar array installation spacewalks within the next couple of weeks.

Meanwhile, a Russian spacewalk is scheduled to take place on Thursday. Cosmonauts Sergey Prokopyev and Dmitri Petelin will begin their walk at 9 a.m. ET to work on the outside of the Nauka multipurpose laboratory module. The duo will prepare a radiator for transfer from the Rassvet module to Nauka during their seven-hour spacewalk, which will also stream live on NASA’s website.

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Nintendo and DeNA to establish joint venture company

Nintendo [17,282 articles]” href=”https://www.gematsu.com/platforms/nintendo”>Nintendo has announced the establishment of a joint venture company with mobile games company DeNA scheduled for April 3, 2023.

DeNA co-developed and handles the service infrastructure and Nintendo Account integration for multiple Nintendo titles available on iOS and Android devices, including Super Mario Run, Fire Emblem Heroes, Animal Crossing: Pocket Camp, and Mario Kart Tour.

With the objective to strengthen the digitalization of Nintendo’s business, the joint venture company will research and develop, as well as create “value-added services” to further reinforce Nintendo’s relationship with consumers.

Get the full press release below.

1. The Objective of Establishing a Joint Venture

With the integrated hardware-software model at the core of its business, Nintendo also strives to provide enhanced experience and service outside of its dedicated gaming system. In order to provide this experience in a holistic manner, Nintendo is working to maintain and expand its relationship with consumers primarily through Nintendo Account.

As part of this effort, Nintendo entered a business and capital alliance with DeNA in 2015 and has collaborated to develop and operate the new core system centered around Nintendo Account since then.

Based on the expertise accumulated over the seven plus years and the experience of co-developing multiple services based on Nintendo Account, Nintendo and DeNA will advance their partnership and establish a joint venture company. With the objective to strengthen the digitalization of Nintendo’s business, the joint venture company will research and develop, as well as create value-added services to further reinforce Nintendo’s relationship with consumers.

2. Overview of the Joint Venture Company (Specified Subsidiary)

  • Name: Nintendo Systems Co., Ltd.
  • Location: Tokyo
  • Representative Title and Name: Representative Director and President Tetsuya Sasaki
  • Business: Research and development, as well as operations to strengthen the digitalization of Nintendo’s business, in addition to the creation of value-added services.
  • Capital: 5 billion yen
  • Date of Foundation: April 3, 2023 (scheduled)
  • Fiscal Term: Ends in March
  • Capital Contribution Ratio:
    • Nintendo Co., Ltd.: 80%
    • DeNA Co., Ltd.: 20%
  • Relationship between Nintendo and Nintendo Systems:
    • Capital Relationship: Nintendo Systems will become a subsidiary of Nintendo, which will contribute 80% of the capital.
    • Personnel Relationship: A few officers and employees of Nintendo will concurrently serve as directors of Nintendo Systems.
    • Business Relationship: Nintendo will entrust to Nintendo Systems, the development and operation of services to strengthen the digitalization of Nintendo’s business.

(Note: The establishment of this joint venture company is subject to all necessary approvals, including those required by the competition laws of involved countries.)

3. Overview of the Joint Venture Partner

  • Name: DeNA Co., Ltd.
  • Location: 2-24-12 Shibuya, Shibuya-ku, Tokyo
  • Representative Title and Name: President & CEO Shingo Okamura
  • Business: Game business, live streaming business, sports business, healthcare and medical business, new businesses and others.
  • Capital: 10.397 billion yen
  • Date of Foundation: March 4, 1999
  • Major Shareholders and Shareholding Ratio (as of March 31, 2022):
    • Tomoko Namba: 16.70%
    • The Master Trust Bank of Japan, Ltd. (Trust Account): 14.61%
    • Nintendo Co., Ltd.: 12.72%
    • Custody Bank of Japan, Ltd. (Trust Account): 5.20%
  • Relationship between Nintendo and DeNA
    • Capital Relationship: Cross-holdings
    • Personnel Relationship: Not applicable
    • Business Relationship: Nintendo and DeNA jointly develop and operate game apps for smart devices, and Nintendo entrusts DeNA with the joint development and operation of membership services for various devices.
    • Applicability to Related Parties: Not applicable

4. Schedule

  • Date of Resolution by the Board of Directors: November 8, 2022
  • Date of Establishment of the Joint Venture Company: April 3, 2023 (scheduled)

(Note: The establishment of this joint venture company is subject to all necessary approvals, including those required by the competition laws of involved countries.)

5. Future Outlook

The establishment of this joint venture company will have no effect on Nintendo’s results for this fiscal year. The effects it will have on future results will be incorporated into financial forecasts from the next term onwards.

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WeWork co-founder lines up $350 million A16Z investment for a new billion-dollar real estate venture

Adam Neumann, the co-founder and former CEO of the shared office startup WeWork, is working on a new rental real estate business that has received funding from Andreessen Horowitz. According to a report from The New York Times, the venture capital firm invested around $350 million in Neumann’s up-and-coming real estate business, called Flow, which aims to provide a consistent housing experience across a chain of branded apartment complexes.

If you’re at all familiar with the story of WeWork, you might be having a bit of déjà vu. The company, which provides flexible office spaces for workers, was once valued at $50 billion. But after a failed IPO (initial public offering) and the layoffs of thousands of its workers, WeWork became more well known for corporate drama rather than its actual business. When Neumann stepped down as CEO in 2019, he made out with a $1.7 billion exit package.

As noted by the Times, this investment marks the “largest individual check Andreessen Horowitz has ever written in a round of funding to a company.” It puts Flow’s valuation at over $1 billion — despite critics “who have described his leadership of WeWork as a cautionary tale of corporate hubris” — and it hasn’t even launched yet.

Neumann has already bought 3,000 apartment units in Miami, Fort Lauderdale, Atlanta, and Nashville to build out his Flow-branded apartments, which aren’t set to debut until 2023.

“We think it is natural that for his first venture since WeWork, Adam [Neumann] returns to the theme of connecting people through transforming their physical spaces and building communities where people spend the most time: their homes,” Andreessen Horowitz co-founder Marc Andreessen explains in a blog post. “Residential real estate — the world’s largest asset class — is ready for exactly this change.”

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Cryptoverse: What crisis? Venture capitalists bet big on crypto

July 26 (Reuters) – It’s not all doom and gloom.

Even as the crypto sector shivers in the bleak winter, venture capitalists are pouring money into digital currency and blockchain startups at a pace that’s set to outstrip last year’s record.

In the first half of the year, VCs bet $17.5 billion on such firms, according to data from PitchBook. That puts investment on course to top the record $26.9 billion raised last year, a warmer and happier time for bitcoin and co.

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“The current market conditions – I don’t think they faze investors,” said Roderik van der Graf, founder of Hong Kong investment firm Lemniscap, which focuses on crypto and blockchain. “The capital available is massive.”

VC funds offer financing to young companies they believe have strong growth prospects. The data suggests a solid faith in the future of crypto and blockchain tech, despite a bruising six months for the industry.

A double whammy of macroeconomic headwinds and blow-ups at major projects this year have seen bitcoin plummet about 65% from its November record of $69,000, with the overall value of the crypto market tumbling by two-thirds to $1 trillion.

Companies have shuddered as prices fall, with major U.S. exchange Coinbase Global (COIN.O) and NFT platform OpenSea among those to lay off hundreds of workers.

Yet some VCs are shrugging off the gloom, with many deploying substantial war chests as their faith in the underlying tech behind crypto coins remains strong.

Though not all investors are so bullish in the face of the crypto carnage, not by any means.

David Siemer, CEO of California crypto management firm Wave Financial, said there were signs of a pullback from the sky-high valuations of crypto firms last year.

“This will get a lot worse – we’re a couple of months into this cycle. In the last cycle the pain for those looking for funding was about 12 months.”

AMERICAN HOTSPOT

North America, long the hotspot for VC deals, has again been the focus of activity with about $11.4 billion in the six months to June, versus $15.6 billion for the whole of last year.

The numbers contrast with general VC activity in United States, where deals fell to $144.2 billion in the first half from $158.2 billion in the same period last year as macro conditions and market turmoil chill investment. read more

Rumi Morales, director of investments at Digital Currency Group, a major U.S. crypto investor, said the data reflected increasingly robust faith in the crypto and blockchain sector.

“There used to be existential risk being in the space – that the whole industry was just going to go away, it was all a dream. That is not the case anymore.”

Adoption of crypto as an investment tool mushroomed last year, with the use of blockchain also gaining ground – even if the revolutionary changes from the technology promised to industries such as finance and commodities remain elusive.

Among the mega U.S. crypto deals in 2022: $400 million raised by the U.S. arm of crypto exchange FTX in January; a $450 million fundraising round by blockchain developer ConsenSys in March; and $400 million raised by stablecoin issuer Circle a month later.

Activity is strong in Europe too, with $2.2 billion of VC investment in the first half of the year.

Lisbon-based Fedi, an app designed to help people receive, hold and spend bitcoin, said this month it had raised $4.2 million in seed financing.

“Within seven days we had all of the investment commitments,” Obi Nwosu, one of its founders, told Reuters. “And within less than a month and a half we had the initial fundraise target in the bank. Done.”

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Reporting by Tom Wilson in London and Medha Singh and Lisa Pauline Mattackal in Bengaluru; Editing by Pravin Char

Our Standards: The Thomson Reuters Trust Principles.

Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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Autoworker union accuses GM’s joint venture of denying access for organizing

Striking United Auto Workers members and supporters attend a speech by Vermont Sen. Bernie Sanders outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit.

Michael Wayland / CNBC

DETROIT – The United Auto Workers union is accusing a new General Motors joint venture of denying access to workers to conduct a preliminary organizing vote.

UAW Vice President Terry Dittes, in a letter to union leaders Tuesday obtained by CNBC, said leaders of the joint venture between GM and LG Energy Solution, called Ultium Cells, have “flat out rejected” the union’s proposal of a “card check agreement” to organize.

Dittes said the agreement would allow union officials into the joint venture’s battery plant in Ohio to collect organizing cards, as one of the first steps to establishing UAW representation at the facility.

“This process has been agreed to by many employers for a smooth and peaceful recognition of the UAW,” Dittes said in the letter. “Ultium flat out rejected those simple basic features of a card check recognition we proposed.”

The UAW did not immediately respond for comment. GM referred questions to an Ultium spokeswoman, who confirmed the company has talked with the UAW about the process but no agreement has been reached.

“The UAW has expressed interest in representing a portion of the Ultium Cells workforce and we have had initial discussions around a Neutrality Agreement that could enable a card check process at our facility in Warren, Ohio,” Ultium spokeswoman Brooke Waid said in a statement. “We are, and always have been, supportive of the process that allows our people to determine their own representation status, which is a matter of personal choice.”

The contention comes amid a broader union organizing effort across the country, as workers from large corporations such as Starbucks and Amazon have sought to establish representation.

GM leaders said in announcing the plant in 2019 that any organizing at the company’s joint venture facilities would be up to workers to vote on. GM CEO Mary Barra has said the positions are expected to pay lower than top wages at the automaker’s assembly plants, however, will be “very good paying jobs.”

Ultium Cells has announced three U.S. facilities, though none have begun operations. The $2.3 billion Lordstown plant is expected to begin production in August. It is expected to create 1,100 jobs in Northeast Ohio. GM shuttered its nearby Lordstown Assembly plant in 2019, eliminating 1,700 hourly, UAW-represented jobs.

Dittes said in the letter to members the union has started an organizing drive for the facility, but additional details “cannot be disclosed at this time or made public.”

“We will represent the employees there and at all the future Ultium sites currently under construction,” Dittes said. “We will not be slowed down to organize workers who want to join our Union!”

Joint venture battery facilities are viewed as crucial for the labor union to grow and add members, as automakers such as GM transition to electric vehicles. The union’s organizing efforts also come ahead of a crucial leadership vote this summer as well as collective bargaining negotiations next year with GM, Ford Motor and Stellantis.

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Clinton 2016 campaign, lawyer, tech exec in ‘joint venture’ to smear Trump, Durham alleges

Hillary Clinton’s campaign, its lawyer and a tech executive took part in a “joint venture” to gather and spread dirt about Donald Trump during the 2016 presidential campaign, Special Counsel John Durham charges in a new filing. 

The bombshell claim was made in a 48-page motion filed late Monday arguing for the admission of additional evidence ahead of Clinton campaign lawyer Michael Sussmann’s pending trial for allegedly lying to the FBI. 

At the heart of the case is a Sept. 18, 2016 text message Sussmann sent to then-FBI General Counsel James Baker, which was reproduced in Monday’s filing. 

“​Jim – it’s Michael Sussmann. I have something time-sensitive (and sensitive) I need to discuss,” the lawyer wrote. “Do you have availability for a short meeting tomorrow?​ I’m coming on my own – not on behalf of a client or company – want to help the Bureau. Thanks.” 

In fact, prosecutors say, Sussmann — then a cybersecurity lawyer at powerhouse Democratic law firm Perkins Coie — had deceived Baker and was acting on behalf of the Clinton campaign when the two met the following day. 

During that sitdown, Sussmann allegedly gave Baker information suggesting that servers at the Trump Organization were communicating with servers at Moscow-based Alfa-Bank. That claim was amplified by the Clinton campaign to suggest that Trump was colluding with the Kremlin. 

Hillary Clinton’s campaign actively worked to gather and spread dirt about Donald Trump during the 2016 presidential campaign.
AFP via Getty Images

According to Monday’s filing, preparation for Sussmann’s meeting with Baker began in “late July and early August,” when “Tech Executive-1,” who has since been identified as Rodney Joffe, began telling employees at Virginia-based Neustar — where he was a senior vice president — to “mine and assemble Internet data that would support an ‘inference’ or ‘narrative’ tying Trump to Russia.” 

Joffe, who is not named in the filing, allegedly said the point of the effort “was to please these ‘VIPs,’” which Durham says refers to Sussmann, his Perkins Coie colleague Marc Elias — the Clinton campaign’s general counsel — and the campaign itself. 

John Durham calls out Hillary Clinton’s campaign and its lawyer Michael Sussmann on gathering information against former President Donald Trump.
Perkins Coie

Prosecutors also allege that Joffe ordered an executive at two other companies he owned to do a data deep-dive into Trump, saying “he was working with a person at a firm in Washington, D.C. with close ties to Hillary Clinton campaign and the Democratic Party.” 

The document adds that Joffe even emailed the executive the home addresses, email addresses, IP addresses and other personal information of “various Trump associates,” including spouses and other family members. 

According to Durham, the CEO was “highly uncomfortable” with Joffe’s ask, but complied because he “was a powerful figure.” 

The dive into Trump was given the code name “Crimson Rhino.” 

Eventually, prosecutors say, Joffe and his associates “exploited” Internet traffic relating to a healthcare provider to assemble information from Trump Tower and Trump’s Central Park West apartment building. Among the allegations made by Sussmann were that Trump and his associates were using a type of Russian-made cell phone near the White House and other locations. 

At the same time, Sussman and Perkins Coie allegedly connected Joffe to Fusion GPS, the opposition research firm that hired former MI-6 agent Christopher Steele to compile his now-infamous dossier of explosive, debunked allegations about Trump’s supposed links to Russia. 

The most notorious of those claims was that Moscow security services possessed a tape of Trump in a Moscow hotel room with prostitutes who were supposedly urinating on a bed where the Obamas had previously stayed. 

The Clinton campaign to suggests that Donald Trump was colluding with the Kremlin.
AFP via Getty Images

The Clinton campaign kept quiet about its engagement with Fusion GPS — so quiet that last week, the Federal Election Commission fined the campaign and the Democratic National Committee $8,000 and $105,000, respectively, for mislabeling payments to the firm that were routed through Perkins Coie as “legal advice and services” rather than opposition research. 

According to the filing, Sussmann even met with Steele himself (identified as “U.K. Person-1”) and Fusion GPS employees at Perkins Coie’s offices in the summer of 2016. 

Prosecutors say that while Sussmann told Congress in 2017 that he only meant to “vet” Steele, the onetime British spy testified under oath in a UK legal proceeding that Sussmann shared the Alfa-Bank allegation with him and Fusion GPS ordered Steele to “research and produce intelligence reports” about Alfa-Bank. 

Michael Sussmann served as Clinton’s campaign lawyer.
CSPAN

Allegations about the Trump Organization and Alfa-Bank server ties also allegedly were shared by Steele with State Department officials, while Fusion GPS passed them on to at least one Department of Justice official. 

After these introductions were made, Durham alleges, Sussmann and Fusion GPS employees shopped the Alfa-Bank allegations to the mainstream media. The claims about the server traffic between Trump Tower and Alfa-Bank were the subject of several contemporary reports ahead of Election Day 2016. The most notable story, by Franklin Foer, was published by Slate that October and bore the headline: “Was a Trump Server Communicating With Russia?” 

Finally, the Alfa-Bank claims were allegedly compiled by Joffe and Sussmann into a “white paper” that Sussmann turned over to Baker when the two met. According to the indictment of Sussmann, the lawyer billed the Clinton for the time drafting the document. 

On the same day the Slate story about the Trump Organization and Alfa-Bank came out, the New York Times reported that the FBI had looked into Sussmann’s allegations and concluded that “there could be an innocuous explanation, like a marketing email or spam, for the computer contacts.” 

According to the indictment, Sussmann pursued the Alfa-Bank angle even after Clinton’s defeat by Trump in the 2016 election. In February 2017, he allegedly provided an “updated set of allegations” about the Russian bank and its relation to the Trump campaign to another US government agency that has since been identified as the CIA. 

Sussmann was indicted in September 2021 and has pleaded not guilty to the charge of making false statements. 

Durham’s motion seeks the admission of documents including notes of conversations two other FBI officials had with Baker about his Sept. 19, 2016 meeting with Sussmann; emails involving Sussmann, Joffe, Elias, Clinton campaign officials and Fusion GPS employees; and a deposition by Sussmann before the House Intelligence Committee in December 2017. 

In that testimony, Sussmann was asked if he was acting on his “own volition” when he contacted Baker and the CIA about the Alfa-Bank allegations. He answered: “No.” 

“So did your client direct you to have those conversations?” he was asked. 

John Durham accused Hillary Clinton’s campaign of steering a misinformation effort on Donald Trump and Russia during the 2016 presidential election.
Rick Wilking-Pool/Getty Images

“Yes,” he replied, before attempting to backtrack moments later. 

“[W]hen you say my client directed me, we had a conversation, as lawyers do with their clients, about client needs and objectives and the best course to take for a client,” he said. “And so it may have been a decision that we came to together. I mean, I don’t want to imply that I was sort of directed to do something against my better judgment, or that we were in any sort of conflict.” 

In a flurry of filings Monday, Sussmann’s legal team argued that much of the evidence sought by Durham was either inadmissible as hearsay or irrelevant to the charge against their client. 

“The Special Counsel has not charged a substantive scheme to defraud the government, nor has he charged a conspiracy to defraud the government,” one motion read. “The manner in which the [internet] data was gathered, the objective strength and reliability of that data and/or conclusions drawn from the data, and the information that Christopher Steele separately provided to the FBI all have no bearing on the only crime the Special Counsel chose to charge: whether Mr. Sussmann falsely stated that he was not acting on behalf of a client when he met with Mr. Baker.” 

John Durham alleges, Sussmann and Fusion GPS employees shopped the Alfa-Bank allegations to the mainstream media.
AP

Sussmann’s attorneys further accused Durham of trying to “promote a baseless narrative that the Clinton Campaign conspired with others to trick the federal government into investigating ties between President Trump and Russia. 

“But there was no such conspiracy; the Special Counsel hasn’t charged such a crime; and the Special Counsel should not be permitted to turn Mr. Sussmann’s trial on a narrow false statement charge into a circus full of sideshows that will only fuel partisan fervor.” 

In a separate filing, Sussmann’s attorneys argued that the judge in the case should force Durham to offer Joffe immunity from prosecution or dismiss the case. 

“While Mr. Joffe is prepared to testify in Mr. Sussmann’s defense—and to offer critical exculpatory testimony on behalf of Mr. Sussmann, including that Mr. Joffe’s work was not connected to the Clinton Campaign—the Special Counsel is making it impossible for Mr. Sussmann to call Mr. Joffe as an exculpatory witness at trial,” the document read. “It is simply inconceivable that Mr. Joffe faces any real continuing criminal exposure in connection with the Special Counsel’s investigation. The Special Counsel is yet again overreaching, and doing so in violation of Mr. Sussmann’s Fifth and Sixth Amendment rights.”

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Facebook’s Cryptocurrency Venture to Wind Down, Sell Assets

Facebook’s ambitious effort to bring cryptocurrency to the masses has failed.

The Diem Association, the consortium Facebook founded in 2019 to build a futuristic payments network, is winding down and selling its technology to a small California bank that serves bitcoin and blockchain companies for about $200 million, a person familiar with the matter said.

The bank,

Silvergate Capital Corp.

SI -2.52%

, had earlier reached a deal with Diem to issue some of the stablecoins—which are backed by hard dollars and designed to be less volatile than bitcoin and other digital currencies—that were at the heart of the effort.

The sale represents an effort to squeeze some remaining value from a venture that was challenged almost from the start. Facebook, now

Meta Platforms Inc.,

FB -1.84%

launched the project in 2019 as Libra, pitching it as a way for the social network’s billions of users to spend money as easily as sending a text message.

Bloomberg earlier reported that Diem was considering selling its assets.

Libra brought on well-known partners in e-commerce and payments including

PayPal Holdings Inc.,

Visa Inc.

and Stripe Inc.—in part to signal buy-in from the finance industry and in part to distance the project from Facebook itself, which was under pressure about policing its platform. Partners agreed to join the Libra Association, a Switzerland-based group that would govern the stablecoin, and pony up millions of dollars each to develop the project.

But it almost immediately ran into resistance in Washington. Officials voiced concerns about its effect on financial stability and data privacy and worried Libra could be misused by money launderers and terrorist financiers. Federal Reserve Chairman

Jerome Powell

said the central bank had serious concerns. Early backers dropped out, and

Mark Zuckerberg

was called before Congress, where he defended Facebook’s plan to bring financial services to the world’s underbanked.

In 2020, the group recruited

Stuart Levey,

a former U.S. Treasury official and top lawyer at HSBC Holdings PLC, as chief executive and ditched the Libra name in favor of Diem.

The stablecoin deal with Silvergate was part of a revamp last year meant to appease regulators.

David Marcus,

the Meta executive who oversaw the launch of what would become Diem, left the company last year.

Write to Peter Rudegeair at Peter.Rudegeair@wsj.com and Liz Hoffman at liz.hoffman@wsj.com

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Appeared in the January 27, 2022, print edition as ‘Facebook Gives Up Crypto Effort.’

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