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'Jumanji: The Next Level' opens with a powerful $60 million, while 'Richard Jewell' marks an almost decade low earning for Clint Eastwood

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jumanji the next level sony

  • "Jumanji: The Next Level" topped the domestic box office with a big $60.1 million opening.
  • Clint Eastwood's "Richard Jewell" was a bust, as the movie only brought in $5 million.
  • The movie marks the first time an Eastwood-directed title didn't earn at least $10 million since 2010's "Hereafter."
  • Visit Business Insider's homepage for more stories.

Sony's "Jumanji: The Next Level" flexed its muscles big time over the weekend, dethroning "Frozen II" at the domestic box office with an estimated $60.1 million.

That's the biggest opening ever for a Sony title in the month of December, blowing past the studio's $36 million opening weekend projection for the movie. 

The action comedy, powered by Dwayne "The Rock" Johnson, Kevin Hart, Jack Black, and Karen Gillan (with Awkwafina, Danny DeVito, and Danny Glover added in the sequel), proved that the hit performance by the 2017 release wasn't a fluke.

Its next test will be going up against Disney's "Star Wars: The Rise of Skywalker," which opens this Friday. In 2017, "Jumanji: Welcome to the Jungle" opened the week after "Star Wars: The Last Jedi" and enjoyed a strong box office through the new year, ending with close to $1 billion earned at the global box office.

Starting a week before "Star Wars" this time around shows that Sony is confident its franchise can go up against one of the biggest earners of them all. We won't know until January if "Jumanji" can hold its own, but this weekend's performance does show the potential for a fun showdown in the weeks to come.

Over at Warner Bros., one of its longtime reliable performers didn't come through this weekend as Clint Eastwood's "Richard Jewell" failed to find an audience.

The dramatic look back at the man who saved thousands when a bomb went off during the 1996 Summer Olympics and was later a suspect (he finally was cleared of any wrongdoing), only took in $5 million over the weekend. 

That's the first time an Eastwood-directed movie hasn't earned at least $10 million at the domestic box office since 2010's "Hereafter," starring Matt Damon.

Though "Richard Jewell" features top-flight performances from Sam Rockwell, Kathy Bates, and Paul Walter Hauser as Jewell, the movie has been shrouded in controversy as it claims the reporter (played by Olivia Wilde) at the Atlanta Journal-Constitution who broke the story that Jewell was a suspect of the FBI slept with an agent (played by Jon Hamm) in exchange for the information. The paper claimed that never happened and before the movie's release it demanded Warner Bros. place a disclaimer regarding the reporter.

Regardless if that affected folks from going to see the movie, "Jewell" is a disappointment for Eastwood (the movie was projected to make at least $10 million) and for a studio that has had a rough go of it this year. 

Though Warner Bros. saw a huge return with "Joker" and "Shazam!," it had a lot more busts: "Shaft,""The Good Liar,""The Kitchen,""Doctor Sleep," and "The Goldfinch."

Uncut Gems A24

Box office highlights:

  • A24's "Uncut Gems" brought in $525,000 on five screens, with a $105,000 per screen average. That's the best ever for an A24 movie. It opens nationwide Christmas day. 
  • "Frozen II" has crossed the $1 billion mark at the worldwide box office with a $1.032 billion take to date. It's the 6th Disney title to hit $1 billion in 2019. 

 

SEE ALSO: All 40 Dwayne "The Rock" Johnson movies, ranked from worst to best

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The best cruises to take in 2020, according to Condé Nast Traveler

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Regent Seven Seas Voyager

"Are you a cruise person?" is a question that encompasses several others: How comfortable are you with overcrowding? How much personal space do you need? How much money do you want to spend on a vacation?

Cruising doesn't always have the best reputation for a whole host of reasons– but it is also a preferred method of travel for many, especially as the industry takes a turn toward the luxurious. 

Condé Nast Traveler just released its annual Gold List, a collection of hotels, resorts, and yes, cruises, that the editors recommend. 

For the most part, the cruises selected by Condé Nast Traveler are high-end, luxury-oriented vacations with smaller or more boutique cruise lines. Only two featured ships had a carrying capacity over 1,000 passengers, and many had undergone recent renovations.

The routes selected also play into that luxurious narrative – only one route included Caribbean cruise hot spots, while other itineraries included less-traveled routes through French Polynesia or down the Nile River. Athens, Greece was crowned as a go-to spot: It was port city for three of the seven cruises included on the list.

Keep reading for a look at the cruise vacations that made the Condé Nast Traveler Gold List, organized in ascending order of base price.

SEE ALSO: The world's first hybrid cruise ship is currently on its maiden voyage, an 18-day trip to Antarctica with 450 guests onboard. Here's a look inside.

DON'T MISS: The 17 best hotels in the world, according to travelers

New Orleans round trip to the Caribbean on the Norwegian Getaway

Cruise line: Norwegian Cruise Line

Length of trip: 5 days or 7 days

Prices start at: $399 per guest on 5-day cruise, $599 per guest on 7-day cruise

The Norwegian Getaway sails from New Orleans to the Western Caribbean. Potential stops include Cozumel, Mexico; Ocho Rios, Jamaica; and George Town, Grand Cayman. The ship docks back in New Orleans.

The Norwegian Getaway is the largest ship on this list – it's 1,068 feet long and can carry up to 3,963 guests. The ship, which boasts nearly 30 dining options and an original art collection, was refurbished this year. 



Copenhagen, Denmark, to Stockholm, Sweden, on the Oceania Marina

Cruise line: Oceania Cruises

Length of trip: 10 days

Prices start at: $2,999 per guest

The Baltic cruise starts in Copenhagen and makes its way to eight cities, including Berlin, St. Petersburg, and Helsinki, before docking in Stockholm.

The ship has a carrying capacity of 1,250 and its nicest suites were furnished by Ralph Lauren. Off the ship, Oceania recently introduced local tour guides to its excursion offerings.



Papeete, Tahiti, to Auckland, New Zealand on the Crystal Serenity

Cruise line: Crystal Cruises

Length of trip: 14 days

Prices start at: $4,549 per guest

The Crystal Serenity is doing a two-week cruise through French Polynesia and the South Pacific, starting in Tahiti and stopping in Tonga and Fiji before docking in New Zealand.

The ship has been around for 17 years but just underwent a dramatic renovation in 2018. The re-design included the implementation of an open-plan dining space that eliminated the classic assigned seating trope found on traditional cruises as well as updated and expanded cabins. The renovations brought the ship's carrying capacity down 9% to 980 passengers.



Cairo round trip on the Viking Ra

Cruise line: Viking River Cruises

Length of trip: 12 days

Prices start at: $4,899 per guest

Viking, which specializes in river cruises, runs a 12-day program called "Pharaohs and Pyramids" that begins in Cairo and runs down the Nile River before returning to Cairo.

It is an intimate trip as the ship only accommodates 52 guests. The size ensures comfortable lodging for all guests – most cabins are equipped with balconies.



Lisbon, Portugal, to Athens, Greece, on the Seabourn Ovation

Cruise line: Seabourn

Length of trip: 14 days

Prices start at: $5,999 per guest

The Mediterranean cruise aboard the Seabourn Ovation departs from Lisbon, Portugal and stops multiple times in Spain, France, and Italy, before docking in Athens, Greece.

At 690 feet, the Seabourn Ovation is another small ship with 300 suites. The ship made its debut last year and was designed for a more intimate luxury experience. It is the fifth ship in Seabourn's fleet. 



Istanbul, Turkey, to Athens, Greece, on the Regent Seven Seas Voyager

Cruise line: Regent Seven Seas Cruises

Length of trip: 8 days

Prices start at: $9,099 per guest

The trip starts in Istanbul and then stops in Ephesus before hitting several Greek hotspots including Rhodes, Mykonos, and Santorini before docking in Athens.

The Regent Seven Seas Voyager is a 9-deck ship that caps its carrying capacity at 700.



Mumbai, India, to Athens, Greece, on the Silversea Silver Spirit

Cruise line: Silversea Cruises

Length of trip: 26 days

Prices start at: $12,000 per guest

The Silver Spirit will stop at 14 ports in nine countries over its 26-day journey. The trip starts in Mumbai and will continue in ports like Dubai, Doha, Jerusalem, and Nazareth before docking in Athens.

The ship has a capacity of 608 and was just refurbished last year. The updates included a 50-foot pool deck and refreshed cabins. 



The Top 10 Trends in Digital Media 2019 (AMZN, GOOGL, FB)

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Top 10 Trends digital media

2019 will be a year of opportunities and challenges in the world of digital media.

The digital duopoly of Google and Facebook will face unprecedented regulatory scrutiny, as Amazon muscles its way into the digital ad space.

Meanwhile, pay-TV companies will continue to struggle as cord-cutting accelerates and TV consumption shifts to digital, and millennials and Gen Z will drive explosive growth in eSports.

Find out about these transformational trends and more in Business Insider Intelligence’s Top 10 Trends in Digital Media slide deck.

As an added bonus, you will gain immediate access to our exclusive Business Insider Intelligence Daily newsletter.

To get your copy of this FREE slide deck, simply click here.

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Trump said China would more than double its agricultural purchases from the US. Farmers are skeptical.

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trump farm

  • American farmers welcomed the announcement of an interim trade agreement between the US and China on Friday.
  • But they remained skeptical that China would more than double its farm purchases from the US.
  • At a press conference Friday night in Beijing, China declined to confirm a quota touted by the White House. 
  • Visit Business Insider's homepage for more stories.

American farmers welcomed the announcement of an interim trade agreement between the US and China on Friday. But they remain skeptical of President Donald Trump's pledge to more than double farm exports to that country. 

As part of a so-called phase-one deal, the White House has said China would purchase a steep $50 billion worth of agricultural products from the US annually. But at a press conference Friday night in Beijing, China would not confirm that quota or give any specific number. 

Brian Kuehl, the co-executive director at the anti-tariff advocacy group Farmers for Free Trade, called it "difficult if not impossible" for China to increase its purchases by that much over a short period of time. 

In 2017, China imported roughly $24 billion worth of American agricultural products. China has turned to other countries over the past year to avoid tariffs, creating additional competition for American farmers. 

"There are rightfully many doubts about the president's claim that China will purchase $50 billion in ag products in a single year," Kuehl said. "Market realities including supply and demand as well as inspections and regulations all create enormous barriers to completing these purchases next year." 

Asked when China would begin to ramp up US agricultural imports, Trump replied: "pretty soon."

Farmers have been hit particularly hard by the 19-month dispute between the largest economies, testing the loyalty of a key Trump constituency ahead of an election year. In 2018, US farm exports to China fell to below $10 billion. 

"Trump has his own narrative on the farm situation," said Dave Walton, a soybean grower in Iowa. "We are still short the profit we should have expected without the trade issue looming over the market."

As part of the phase-one deal, the US agreed to lower tariff rates on some Chinese products and cancel planned escalations. Details remained elusive Friday afternoon but the US said it also included commitments from China related to intellectual property, access to its financial services sector, and transparency around currency movements. 

"This agreement creates greater certainty for American businesses, after months of uncertainty, as they plan for the year ahead," said Myron Brilliant, the executive vice president and head of international affairs at the US Chamber of Commerce.

SEE ALSO: Trump says US will lower China tariffs as part of interim trade agreement

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The US quietly expelled two suspected Chinese spies after they drove onto a secretive military base in Virginia

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Norfolk, Virginia

  • Two Chinese diplomats were quietly expelled from the US after breaching a military base in September, according to a report.
  • The incident appears to be the first instance of suspected Chinese espionage on US soil in more than 30 years.
  • Chinese officials have been trying to access government facilities more often recently in an apparent effort to increase espionage activities.

The US government quietly expelled two Chinese diplomats suspected of spying after they drove onto a sensitive military base in Virginia, the New York Times reported.

The incident, which has been kept secret since it happened in September, is the first time Chinese diplomats have been suspected of espionage on US soil in more than 30 years.

It came after a pair of officials drove the checkpoint for entry to a Virginia military base with their wives in September. A guard, who realized they did not have permission to enter, told them to go through the gate, turn around, and exit. But the officials instead continued to the base, those familiar with the incident told the Times.

Eventually, a fire truck was used to block their path. The Chinese officials claimed they had not understood the guard's English instructions and had simply become lost, a claim officials were skeptical about.

At least one of the officials is believed to be an intelligence officer, six people with knowledge of the expulsions told the Times.

The incident, which was not announced by Washington or Beijing, underlines concerns within the Trump administration that Chinese officials have stepped up its spying efforts as the pair's economic rivalry intensified.

Chinese officials carrying diplomatic passports have started showing up at government research facilities with increasing frequency in recent years, the Times reported.

The base Chinese officials tried to access in September was a sensitive unit which houses Special Operations forces and is near the US Navy base in Norfolk, Virginia.

The US is last known to have expelled Chinese diplomats in 1987.

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NOW WATCH: Extremists turned a frog meme into a hate symbol, but Hong Kong protesters revived it as an emblem of hope

The perplexing politics of Priyanka Chopra, who has been called 'hypocritical' for her patriotic statements

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  • Priyanka Chopra is a Bollywood and Hollywood A-lister with a philanthropic streak. 
  • However, the actress has raised eyebrows with her politics, which center on backing her native India at particularly tense moments with countries like Pakistan. 
  • After she was confronted by a fan who said she appeared to be encouraging nuclear war, Chopra has said she does not support war, but is "patriotic" and did not back down from supporting her native India. 
  • Visit Insider's homepage for more stories.

Priyanka Chopra is known for her career that has spanned acting, modeling, and activism. 

In addition to maintaining A-list status in entertainment capitals Bollywood and Hollywood, Chopra has served as a United Nations Goodwill Ambassador since 2016 and touted her philanthropic and feminism-centric work, even saying she would love to run for Prime Minister of India one day

However, Chopra's forays into political commentary haven't always gone off without criticism. 

Chopra first raised eyebrows when she expressed support for India's armed forces on Twitter, writing "Jai Hind," which loosely translates to "Hail India." The tweet came the same day as an airstrike on a suspected terrorist camp in Pakistan as retaliation for a suicide car bombing attack that had killed 40 Indian troops. 

The Pakistan Air Force later responded to the strike by shooting down two Indian fighter jets, which piled on to mounting tensions between the countries, which were already approaching the brink of nuclear war. 

The February tweet came months before Chopra told The Sunday Times in June 2019 that she has tried to stay out of politics throughout her life because she likes to "cheer for humanity." 

However, Chopra came face-to-face with a critics at an August 2019 BeautyCon event in Los Angeles, where she was confronted by a woman in the crowd who took the microphone to ask a question before calling Chopra a hypocrite for touting peace, while "encouraging nuclear war against Pakistan."

"It was hard hearing you talk about humanity because, as your neighbor, a Pakistani, I know you're a bit of a hypocrite," the woman, who later identified herself on Twitter as Ayesha Malik, said.

"You are a UNICEF ambassador for peace and you're encouraging nuclear war against Pakistan," Malik said of the tweet. "There's no winner in this."

"I hear you, whenever you're done venting," Chopra said. "Got it? OK, cool."

The actress continued, saying she has "many, many friends from Pakistan," but is "from India, and war is not something that I am very fond of, but I am patriotic."

She then apologized if the tweet offended any fans who "do love me and have loved me."

"I think that all of us have a sort of middle ground that we all have to walk, just like you probably do as well," Chopra said. "The way you came at me right now? Girl, don't yell. We're all here for love. Don't yell. Don't embarrass yourself. But we all walk that middle ground, but thank you for your enthusiasm and your question and your voice."

Malik later wrote on Twitter that she felt Chopra's response to her comment was "irresponsible," and she felt she was "gaslit.

Other social media users joined in criticizing the actress, and she was even targeted with a Change.org petition with more than 160,000 signatures in support of "Priyanka Chopra doesn't deserve to be UN's Goodwill Ambassador," but the organization backed her, saying that ambassadors can express their beliefs "in a personal capacity."

The dust-up also didn't stop her husband Nick Jonas giving a video shout-out to his Pakistani fans ahead of a new movie release a few months later.

india pakistan

Malik's comments about Chopra's relationship with Indian Prime Minister Narendra Modi, who she has appeared alongside multiple times and included as a guest at her wedding, also point to a key controversy that stands in stark contrast to her touting peace.

Chopra's status as an internationally influential actress hasn't kept her from publicly associating with Modi, who has reportedly dabbled in using Bollywood to develop propaganda, particularly around the country's elections, and is largely blamed for the widespread violence and worsening tensions in the region, where nationalism and Islamophobia have reportedly thrived under his time in office.

The "Quantico" actress may have dodged the most widely covered confrontation over her politics yet, but if there turns out to be a prime minister run in her future, the world can expect to see more.

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NOW WATCH: Behind the scenes with Shepard Smith — the Fox News star who just announced his resignation from the network

West Point and the Naval Academy are investigating students giving hand gesture tied to white supremacy during Army-Navy broadcast

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  • Service academy students from both West Point and the Naval Academy were seen giving the "OK" sign, which has been tied to white supremacy, during a pre-game show for the annual Army-Navy football game. 
  • Officials from both schools told The Wall Street Journal they were investigating the intentions of the students. 
  • The hand gesture was added to the Anti-Defamation League's online database of hate symbols used by white supremacist and other far-right extremists in September

Officials from two of America's top military academies are investigating the intentions of students at both their schools who flashed hand symbols associated with "white power" while on national television, according to a report from The Wall Street Journal.

Service academy students from West Point and the Naval Academy were seen giving the "OK" sign behind ESPN's Reece Davis during a pre-game show for the annual Army-Navy football game. 

 

The hand gesture, in which a person makes a circle connecting their pointer finger and thumb and extends their other fingers, was added to the Anti-Defamation League's online database of hate symbols used by white supremecists and other far-right extremists in September

Spokespersons from both academies told The Wall Street Journal they were investigating the intention of students who made the gesture. 

4chan users originally adopted the "OK" gesture as part of a trolling campaign in which they said the shape of the hand represented the letters "W" and "P" for "white power." However, the ADL said extremists eventually adopted the gesture in earnest. 

Oren Segal, the director of the ADL's Center on Extremism, acknowledged the importance of understanding the context of the gesture to diagnose whether someone's intentions are meant to be hateful when it was added to the database earlier this year.

In addition to meaning "OK", the hand symbol has also been used in something called the "circle game," in which people try to get each other to look at the gesture below their waist.

While Segal admitted the ADL was hesitant to add the gesture to the database because of the sign's long history of just meaning "OK," he said the examples of it being used for hate had reached a tipping point.

"At this point, there is enough of a volume of use for hateful purposes that we felt it was important to add,"Segal told the Associated Press in September.

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NOW WATCH: 5 things about the NFL that football fans may not know

How this designer custom-makes clothes for the NBA's most stylish players

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  • Isaac Saqib designs clothes for top celebrities like J Balvin, Juice Wrld, and Kyrie Irving.
  • We visit Saqib at his NYC studio to get a behind-the-scenes look at how he creates pieces for NBA players.
  • NBA players typically need clothes that are made to measure.
  • Visit Insider's homepage for more stories.

Following is a transcript of the video.

MedhaImam: Basketball players are today's style icons, but there's a pretty big problem with that. Finding fly clothes that fit. That's where designer Isaac Saqib comes in. Yo, Isaac, come here! He's the founder of luxury streetwear brand Mercy X Mankind.

IsaacSaqib: Hey! Medha: Hello! So, who have you dressed?

Isaac: Just some great artists like Young Thug, J Balvin, and Juice Wrld, and then some really fresh NBA players.

Medha: But how does Saqib make eye-popping clothes that also fit some of the best NBA players?

Isaac: Welcome to the studio. When it comes to creating something for an NBA player, it's that you can't use your standard men's or women's pattern. Because you have your standard small, your standard medium, your standard large, but with an NBA player, because they don't fit that standard, everything has to be made to measure, so there has to be a pattern made from scratch, essentially, off of their particular measurements.

Medha: Basketball players aren't built like other athletes. They're long and lean, and their disproportionate body measurements break all the rules of manufactured clothing. That's why players like Irving go to designers like Saqib to find something, anything, that makes them look normal.

Isaac: Designing for them, especially when they're really tall and abnormally shaped, the fact that we make everything here in New York and the fact that we're in a major city and we're able to meet with them and discuss with them, that helps us a lot, because we're able to create these fly clothes for them that they can rock, you know, walking into their arena. We're able to provide that because we make everything here. So we can make everything made to measure, essentially.

Medha: But when did arena tunnels become runways for the top NBA players? It all started with a fight. The Detroit Pistons were hosting the Indiana Pacers in a heavily contested regular-season NBA game between two championship contenders. With less than a minute left, a few of the players get into a fight, raising tension in the building. A few moments later, a fan in the crowd hurls a drink directly at the Pacers' Ron Artest, and a full-scale brawl occurs. The teams and players at the center of this event were champions and all-stars. The NBA was hit with a PR crisis. And one way to address it was attire. Baggy T-shirts, sweatpants, snapbacks, and jewelry. That was the typical look for NBA players back in the early 2000s, before "Malice in the Palace." And David Stern, the NBA commissioner at the time, wasn't a big fan. Journalists and fans constantly linked urban style trends with the league's, quote, "thug-like" reputation. Make no mistake; this was and still is a pretty far-reaching racist assumption. Stern responded to the brawl by implementing the NBA's first-ever dress code. Players were no longer allowed to freely express themselves but were now required to dress in business-casual attire during any team or league business.

DwyaneWade: Like, OK, now we gotta, you know, really dress up, and we can't just throw on a sweatsuit. Then it became a competition amongst guys.

Medha: Players changed the narrative. They took the restrictive dress code into their own hands and transformed a pregame walk into, well, a catwalk. Off-court attire became an excuse to dress up, be creative, and express yourself. And the fashion industry took notice. Now brands and fashion designers like Saqib turn to basketball players to showcase their latest looks.

Isaac: People are always looking for the next best thing. Right? So they always want to be the first ones to rock, like, a new brand or a new designer. And the fact that I'm upcoming and I'm unique, in the sense that I don't come from a fashion house, I think that kind of makes me attractive in that sense.

Medha: But it comes with a few hurdles.

Isaac: Designing for any high-profile clientele is always complex. It's never an easy task, and people like Kyrie Irving, because he's longer and because his body isn't, like, an average body size, we had to make adjustments to the fit of the pants, the hip, all the way down to the leg opening to make sure that his foot would fit inside. And then bigger, way bigger people, like Chris Copeland, we had to make many adjustments just to make sure that he fits into that coat the way he wants it to fit.

Medha: To get an idea of how Saqib designs for the likes of NBA players, we followed him as he made a custom jacket for Chris Copeland.

Isaac: Sometimes making stuff for NBA players can be really nerve-wracking, but other times it's not too bad. Someone like Kyrie Irving is, like, a little bit bigger than average, but someone like Chris Copeland, or, like, Karl-Anthony Towns that we made a jacket for, they're like monsters, you know, these guys are, like, 6-9, 7 feet, and it's really weird because their torsos will not always be super abnormal, like, they might have, like, a regular-sized torso, but the length of, like, their arms, is, like, huge, you know, and their height is huge, and then their hips are bigger than normal, you know.

Medha: But perfecting the fit is just one part of it, the technical part. Players want clothes that reflect who they are. Sometimes that means going loud and flamboyant. And other times, it's choosing something a little quieter that still stands out.

Isaac: You know, if they're spending that much money, they want something that's not just gonna be overlooked. But in the same sense, you have NBA players like Chris Copeland, like Kyrie Irving. They want something a little bit more subtle. They don't want something that's super loud, they want to be comfortable, and the pants that we made for Kyrie Irving were just a regular pair of distressed, like, suit trousers. It wasn't anything bold or special, but it's something that he liked and something that, you know, he's probably gonna rock on a daily basis.

Medha: Finding clothes that fit remains a daily struggle for players like Irving and Copeland, but it's more important than ever because postgame discussions are no longer restricted to a player's on-the-court performance. Their appearance off the court could just as easily become a national headline.

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You can buy a Baby Yoda statue in 'The Sims 4' now, and fans are posting memes of their hilarious in-game creations

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baby yoda statue the sims 4

  • You can now purchase a decoration on "The Sims 4" called "The Child Statue"– and it's an adorable Baby Yoda.
  • Players noticed that the item appeared on the game's store this week and began filling their digital homes with the statues, building shrines, and making memes.
  • Electronic Arts (EA) owns both the "Sims" franchise and the rights to the Star Wars video games, so it makes sense that they'd be able to do a tie-in with the breakout star of "The Mandalorian."
  • The digital Baby Yoda has even made its way to TikTok so non-"Sims 4" players can see the creature in all its pixelated glory.
  • Visit Insider's homepage for more stories.

Players of "The Sims 4" have been delighted to discover a new addition to the in-game store this week: A Baby Yoda statue that looks just like the internet-famous character from "The Mandalorian."

Tweets about the new item, which is listed as a decoration and labeled "The Child Statue," started appearing this week. It seems like the statue came along with a patch released around December 12.

The statue is listed as "a lovable replica inspired by the Disney+ live action series The Mandalorian," and since Electronic Arts (EA) owns both the "Sims" franchise and the rights to the Star Wars video games, it makes sense that a crossover would be possible.

The official Twitter account for the "Sims" franchise acknowledged the new addition and its viral power in a tweet on Saturday – with a TikTok meme, of course.

Some users built shrines with the Baby Yoda statue, too.

Unfortunately, it doesn't look like you can do anything with Baby Yoda in the game besides look at him, since he's technically a decoration. But at least you can make entire towns full of giant Baby Yodas now.

 

EA didn't immediately respond to Insider's request for comment.

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NOW WATCH: A podiatrist explains heel spurs, the medical condition Trump said earned him a medical deferment from Vietnam

'He was right, I was wrong': Former FBI director James Comey admits he was wrong to defend FBI's use of the FISA surveillance process

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James Comey

  • Former FBI director James Comey acknowledged Sunday that he was wrong to defend the bureau's use of the Foreign Intelligence Surveillance Act (FISA) process when applying for a warrant to surveil Carter Page, a former foreign policy aide on President Donald Trump's 2016 campaign.
  • His statements marked a reversal from last week, when he said a Justice Department inspector general's report on the origins of the Russia investigation exonerated the FBI of wrongdoing.
  • In fact, the report revealed that there were 17 "significant errors and omissions" in the FISA applications involving Page.
  • "He was right, I was wrong," Comey told host Chris Wallace, referring to inspector general Michael Horowitz, who wrote the report. "I was overconfident, as director, in our procedures."
  • Visit Business Insider's homepage for more stories.

Former FBI director James Comey acknowledged on "Fox News Sunday" that he was wrong to defend the bureau's use of the Foreign Intelligence Surveillance Act (FISA) process when applying for a warrant to monitor Carter Page, a former foreign policy aide on President Donald Trump's campaign.

His statements marked a reversal from what he said last week, which is that the Justice Department inspector general Michael Horowitz's report on the origins of the Russia investigation exonerated the FBI of wrongdoing.

"He was right, I was wrong," Comey told host Chris Wallace. "I was overconfident, as director, in our procedures. And it's important that a leader be accountable and transparent. If I were still director, I'd be saying the same thing that [FBI director Christopher Wray] is saying, which is that we are going to get to the bottom of this, because the most important question is, is it systemic? Are there problems in other cases?"

 

Horowitz's report revealed that the internal investigation into the Russia probe found 17 "significant errors and omissions" in the bureau's FISA applications involving Page.

"These errors and omissions resulted from case agents providing wrong or incomplete information to [the Justice Department National Security Division's Office of Intelligence] and failing to flag important issues for discussion," the report said.

Horowitz also found that an FBI employee no longer working at the bureau doctored an email to make it appear like Page wasn't a source for another government agency. Had the FISA court been aware of this, it could have been exculpatory for Page.

Testifying before Congress last week, the inspector general didn't mince words, saying "here are significant, serious failures" on the FBI's part when applying for the warrant to surveil Page.

Asked whether his report vindicated Comey, Horowitz replied, "It doesn't vindicate anyone at the FBI who touched this, including the leadership."

Comey downplayed on Sunday the role of the so-called Steele dossier in the FBI obtaining a FISA warrant to monitor Page. The Steele dossier is an explosive collection of memos alleging collusion between the Trump campaign and the Russian government. The information in it is largely unverified.

Comey said the dossier was "not a huge part of the presentation to the court," though he acknowledged that "it was the one that convinced the lawyers to move forward."

His statements seem to align with what Horowitz's report detailed with respect to the dossier's relevance.

"We determined that the Crossfire Hurricane team's receipt of Steele's election reporting on September 19, 2016 played a central and essential role in the FBI's and Department's decision to seek the FISA order," the report said. Crossfire Hurricane was the FBI's codename for the Russia investigation.

In other words, the dossier was "central" and "essential" to the FBI's decision-making process (emphasis ours) on whether to move forward in seeking a FISA warrant.

However, Horowitz also found that one portion of the first FISA application detailing Page's alleged coordination with the Russians on the 2016 campaign "relied entirely on" information from the Steele dossier.

Comey said on Sunday that he hadn't misrepresented the relevance of the Steele dossier in the Page FISA application process, but added that "if I was, then I'm sorry that I did that."

SEE ALSO: The Supreme Court just set the stage for a blockbuster ruling on Trump's financial records

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NOW WATCH: Extremists turned a frog meme into a hate symbol, but Hong Kong protesters revived it as an emblem of hope

THE EVOLUTION OF THE US NEOBANK MARKET: Why the US digital-only banking space may finally be poised for the spotlight (GS, JPM)

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What is a neobank? Total Funding for Major European and US Neobanks

Neobanks, digital-only banks that aren't saddled by traditional banking technology and costly networks of physical branches, have been working to redefine retail banking in major markets around the world.

Top neobanks in the US & EU

The top neobanks in the US and EU include:

  • OakNorth (EU)
  • N26 (EU)
  • Atom Bank (EU)
  • Revolut (EU)
  • Monzo (EU)
  • Chime (US)
  • Starling Bank (EU)
  • Varo (US)
  • Aspiration (US)

Driven by innovation-friendly regulatory reforms, these companies have especially gained traction in Europe over the last three years. While the US is home to some of the oldest neobanks — including Simple, which set up shop in 2009, and Moven, which was founded in 2011 — the country's neobank ecosystem has lagged behind its European counterpart.

That's largely because of an onerous regulatory regime, which has made it very difficult to obtain a banking license, and the entrenched position incumbents hold in the financial lives of US consumers. Navigating the tedious and costly scheme for obtaining a banking charter and appropriate approvals has been a major stumbling block for the country's digital banking upstarts. However, developments over the past year suggest these startups are finally poised for the spotlight in the US. 

Neobanks vs Traditional banks

Consumers', particularly millennials', growing frustration with legacy banking service providers, combined with their increased appetite for digital solutions, has accelerated the shift to digital-only banking. Startups and tech-savvy players are redefining the retail banking space and forcing incumbents to either evolve or lose out on this key business segment.

In The Evolution of the US Neobank Market, Business Insider Intelligence maps out the factors contributing to this shifting tide, examines how key players are positioning themselves to take advantage, and explores how incumbents can embark on their own digital transformations to stave off disruption.

The companies mentioned in this report include: Aspiration, Chime, Goldman Sachs' Marcus, JPMorgan Chase's Finn, N26, and Revolut.

Here are some of the key takeaways from the report:

  • Despite lagging behind Europe, recent developments suggest that neobanks are finally ready for the spotlight in the US.
  • Three distinct influences are responsible for creating the fertile ground for this evolution: regulation, shifting consumer attitudes, and the activity of incumbent banks.
  • Among those driving this evolution in the US are foreign neobanks including Germany's N26 and UK-based Revolut.
  • Meanwhile, two notable incumbent-owned outfits have deployed amid great fanfare: Marcus by Goldman Sachs and Finn by Chase. 
  • In this increasingly competitive landscape, incumbent banks have a range of strategic options at their disposal, including overhauling their entire business for the digital era.

 In full, the report:

  • Details the factors contributing to a shift in the US' neobank market.
  • Explains the different operating models neobanks in the US are deploying to roll out their services and meet consumer demands.
  • Highlights how incumbent banks are tapping into the advantages offered by stand-alone digital outfits. 
  • Discusses the key strategies established players need to deploy to remain relevant in the US' increasingly digital banking landscape.

Interested in getting the full report? Here are four ways to get access:

  1. Purchase & download the full report from our research store. >> Purchase & Download Now
  2. Subscribe to a Premium pass to Business Insider Intelligence and gain immediate access to this report and more than 250 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >>Learn More Now
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  4. Current subscribers can read the report here.

SEE ALSO: Latest fintech industry trends, technologies and research from our ecosystem report

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Bloomberg has reportedly spent $8 billion on Democratic politics and philanthropy over the years

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  • Michael Bloomberg has spent massive portions of his approximately $55 billion net worth on influential groups surrounding the Democratic party, the Washington Post reports. 
  • Some of the key beneficiaries of the millions the 2020 hopeful has spent through his lifetime are the same groups that are heavily involved in deciding the Democratic presidential nominee. 
  • Bloomberg reportedly hasn't been shy about referring to his vast financial resources in pushing for voter support, even shrugging off comparisons to President Donald Trump, a fellow New York business magnate whose net worth is valued at a fraction of Bloomberg's
  • Visit Business Insider's homepage for more stories.

Michael Bloomberg has reportedly dropped more than $8 billion total on philanthropy throughout his life, and hundreds of millions more on key influence points around the Democratic Party. 

The Washington Post reports that the billionaire and former New York City mayor has spent massive chunks of his approximately $55 billion net worth on groups that shape Democratic politics, even long before he entered the race for president and gave more than $600,000 to the party in recent weeks. 

The Post notes that Bloomberg's status as a top donor to interest groups like Sierra Club, Planned Parenthood and the League of Conservation Voters, in addition to his massive donations to other political committees and key lawmakers, underscore his deep-rooted connections to those who decide the Democratic nomination he has entered the running for. 

In just 2017 and 2018, the Post reported that Bloomberg's family foundation spent more than $900 million on causes like environmental groups and Planned Parenthood. 

Bloomberg also targeted donations to counter-act groups that are popular among conservatives, including the National Rifle Association. The Everytown for Gun Safety Support Fund and Action Fund drew about $63 million in 2017, with Bloomberg as the largest donor of an undisclosed amount, according to the Post.

Bloomberg's spending has already made headlines in the race to 2020, as he dropped $30 million in November on a series of 60-second ads that will run next week in at least 29 states, according to The New York Times.

The massive funds stand in stark contrast to the first ad for his campaign, which was released when he announced his run on November 24. In it, Bloomberg is painted as a champion of working Americans and the middle class, emphasizing how different he is from Trump, a fellow New York business magnate.

The Post reported that Bloomberg has taken to addressing the outward similarities between he and Trump and not being shy to reference his wealth.  

"I realize some people will say, 'Do we really want a general election between two New York billionaires?' To which I say, 'Who's the other one?" Bloomberg joked an address to members of the Texas Democratic Party, according to the Post. "If ever there was someone who is all hat and no cattle, it is Donald Trump."

Bloomberg's top advisor Howard Wolfson told The Times in November that the presidential contender is "is prepared to spend what it takes to defeat Donald Trump."

SEE ALSO: If Mike Bloomberg wants to move on from 'stop and frisk,' he should put his money where his mouth is

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NOW WATCH: Extremists turned a frog meme into a hate symbol, but Hong Kong protesters revived it as an emblem of hope

FREE SLIDE DECK: The Future of Fintech

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Digital disruption is affecting every aspect of the fintech industry. Over the past five years, fintech has established itself as a fundamental part of the global financial services ecosystem.

Fintech startups have raised, and continue to raise, billions of dollars annually. At the same time, incumbent financial institutions are getting in on the act, and using fintech to remain competitive in a rapidly evolving financial services landscape. So what's next?

Business Insider Intelligence, Business Insider's premium research service, has the answer in our brand new exclusive slide deck The Future of Fintech. In this deck, we explore what's next for fintech, how it will reach new heights, and the developments that will help it get there.

Join the conversation about this story »

Video shows confrontation between Patriots video team and Bengals security in latest 'Spygate' cheating scandal

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Bill Belichick

  • Fox Sports' Jay Glazer revealed exclusive footage of the interaction between the New England Patriots' film crew and Cincinnati Bengals security that's at the center of yet another Patriots cheating scandal.
  • The franchise was accused of cheating after sending a video team to the Bengals' Week 14 game and recording footage of the team's sideline.
  • The video, which was first aired on "Fox NFL Sunday," shows a Bengals security officer recording a video of what the Patriots' employees had captured on film.
  • The security officer questions the New England videographers' story and, after the Patriots' employees offered to delete the film.
  • Visit Business Insider's homepage for more stories.

The New England Patriots' second "Spygate" scandal is heating up.

The franchise was accused of cheating after sending a video team to the Cincinnati Bengals' Week 14 game and recording footage of the Bengals' sideline with a "direct view" of Cincinnati players coming on and off the field and the coaches' signals for play calls.

And now, Fox Sports' Jay Glazer has revealed exclusive footage of the interaction between New England's film crew and Bengals security.

The video, aired on "Fox NFL Sunday," shows a Bengals security officer recording a video of what the Patriots' employees had captured on film. In the background, the Cincinnati employee questions whether the video was actually meant for a "piece on [a New England] advanced scout," as the team had previously claimed the footage was intended for.

The Patriots' videographers stuck to the script, but the Bengals security officer wasn't buying it.

 

"Come on guys," he's heard saying in the background. "I don't see the advanced scout in this footage."

One of the Patriots' videographers then suggested that he was trying to "get some field perspective," but the security officer once again called his bluff.

"That's not the field," the Bengals employee said.

The Patriots employees offered to delete the tape and claimed that they "didn't know" that they weren't allowed to capture video of the sideline, but the Cincinnati staff members instead chose to contact NFL security. The league office was given a copy of the film and launched an investigation into the matter shortly thereafter.

Join the conversation about this story »

NOW WATCH: 5 things about the NFL that football fans may not know

These are the 23 key people at Juul Labs who are charged with navigating the company through regulatory scrutiny and federal investigations

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  • E-cigarette maker Juul curtailed its expansion and shook up its management in 2019 in the face of regulatory scrutiny and federal investigations.
  • From new chief regulatory officer Joe Murillo to chief operations officer David Dickey, here are the 23 people charged with repairing Juul's damaged relationship with the public and regulators.
  • Click here for more BI Prime stories.

It's been a tough year for the dominant e-cigarette maker, Juul Labs, which has been facing regulatory scrutiny and investigations over the health of its products.

The startup has been sued by states including New York and California, which say that Juul targets teens, fails to warn that its products contain nicotine, and represents its product as safer than cigarettes. The government has warned against the use of e-cigarettes as vaping-related illnesses have grown, though many of those cases have involved vaping THC products, which Juul does not sell.

Juul has shaken up its management as it attempts to repair its damaged relationship with the public and regulators.

CEO K.C. Crosthwaite took over from previous CEO Kevin Burns in September and installed new leaders as the company enters its next phase. These executives oversee the company's regulatory practice, engineering, strategy, press relations, and more. 

Given the challenges it's facing, Juul is leaning on people like Joe Murillo and Jared Fix with experience at companies like Altria and Constellation Brands, respectively, whose products are heavily regulated. Others, like former White House operative Josh Raffel, are seasoned crisis management experts.

Here are the 23 executives and other key people who are charged with battling Juul's mounting challenges:

SEE ALSO: Juul just laid off 650 workers after federal investigations rocked the company. Workers who were affected describe how it was handled and what they saw leading up to it.

As Juul Lab's new CEO, K.C. Crosthwaite is tasked with guiding the e-cigarette maker as it faces public concern and regulatory scrutiny.

Crosthwaite comes to Juul at a critical juncture in its history.

Under him, the company has suspended all product advertising in the US and stopped selling popular flavors like mango and fruit. Juul has also said it will not lobby the Trump administration on its looming flavor policy.

As it faces mounting public concern and regulatory scrutiny over the health effects of vaping, the lifelong tobacco exec and former chief growth officer at tobacco giant Altria is tasked with getting the company authorized by the Food and Drug Administration to keep selling its products in the US.

A lot is riding on Crosthwaite, since it's he who identified and pursued opportunities while at Altria, including its $12.8 billion investment in Juul. That 2018 investment valued Juul at $38 billion, which was recently slashed to $19 billion.



James Monsees is one of Juul's cofounders and an adviser to the CEO.

Monsees founded Juul with Adam Bowen, whom he met during smoke breaks while studying product design at Stanford University in 2004.

Monsees was the company's chief product officer until the recent management shake-up. He now belongs to a new founders office, where both he and Bowen are advisers to Crosthwaite. He is also a board member.

The pair launched a precursor to Juul called Ploom in 2007. Their Juul line was spun off into a separate company in 2017. Each owns an estimated 1.75% of Juul and has accumulated an additional estimated $500 million from sales of their shares over time, according to Forbes.



Adam Bowen is Juul's other cofounder and is also an adviser to Crosthwaite.

Like Monsees, Bowen is Juul's cofounder, and reached billionaire status with Altria's $12.8 billion investment in Juul in late 2018.

Juul's mounting troubles have dinged his and Monsees' net worth, with the recent slash in its valuation stripping them of their billionaire status, according to Forbes.

Bowen was the company's chief technology officer. He's now part of the founders office, acting as an adviser to Crosthwaite. He remains a board member.



Monika Fahlbusch handles Juul's personnel, including the company's recent layoffs.

A veteran HR executive with nearly three decades of experience at companies including Gap and Salesforce, Fahlbusch is Juul's chief people officer.

She oversaw recent layoffs at Juul where 650 workers — 16% of the global workforce — were let go, which some former workers said reflected problems of unchecked explosive growth, lack of proper business processes, and mismanagement at the company.

Fahlbusch is also on the advisory board of Eightfold.ai, a recruiting startup.



Joe Murillo's job is to get Juul regulatory permission to keep selling e-cigarettes.

A key member of Crosthwaite's team is Murillo, a former colleague from Altria who leads Juul's regulatory efforts as chief regulatory officer.

Insiders described Murillo as Crosthwaite's second-in-command and said he was "calling the shots." He is in charge of perhaps Juul's biggest task: Filing its application with the FDA to keep selling its e-cigarettes and any other products.

A lawyer by training, Murillo oversees Juul's government affairs, corporate responsibility as well as clinical and scientific affairs.

At Altria, he led regulatory strategy, engagement, communications and advocacy, including a heat-not-burn tobacco device it's launching with Philip Morris International. He also led Altria's e-cigarette business, Nu Mark, before Altria pulled its e-cigarettes off the market as part of its deal with Juul, according to The Wall Street Journal.



Joanna Engelke is in charge of quality affairs at Juul.

Engelke joined Juul in February 2018, and oversaw quality and regulatory affairs at the company before Joe Murillo was appointed its chief regulatory officer. Now, she looks after quality and compliance as the company's chief quality officer.

The Harvard grad previously oversaw quality and regulatory affairs at Boston Scientific and Halloran Consulting.

At Boston Scientific, she led a company-wide change program in response to an FDA Corporate Warning Letter.



Jerry Masoudi is a former chief counsel at the FDA and now Juul's chief legal officer.

A former Food and Drug Administration chief counsel, Masoudi became Juul's chief legal officer in June 2018 and runs its global legal strategy.

Based in Washington, DC, Masoudi handles everything from litigation and intellectual property to brand protection, like the company's efforts to crack down on counterfeit and compatible products from the market. 

At the FDA, Masoudi supervised agency litigation and advised senior leadership on regulatory and enforcement matters. He has also held leadership roles at the Celgene Corp., Covington & Burling LLP, and the Antitrust Division of the Department of Justice.



As chief operations officer, David Dickey is over operational change at Juul.

A private-equity executive, Dickey was brought in in early 2018 to oversee Juul's supply chain.

As chief operations officer, he oversees its facilities and IT teams in addition to supply chain.

He led Juul's decision to consider selling 123 Mission Street, the San Francisco office tower that it bought just about six months ago for $400 million.

Insiders told Business Insider that Dickey "holds a ton of power."



Tom Cullen manages the entirety of Juul's internal IT infrastructure.

As Juul's chief information officer, Cullen manages its internal IT infrastructure.

Cullen's 25 years of experience spans the consumer packaged goods, digital entertainment, and e-commerce industries. He also spent eight years as the CIO at Driscoll's. At Juul, he reports to chief operations officer David Dickey.



Guy Cartwright is tasked with helping Juul cut costs by $1 billion next year.

Cartwright joined Juul in July as its transformation and operations officer, rising to chief financial officer as part of a wider management shuffle at the end of October. He replaced Tim Danaher, who left the company.

With the company planning to cut costs by $1 billion next year, Cartwright has his work cut out for him.

Before coming to Juul, he spent nearly nine years as operating partner and managing director at investment firm TowerBrook Capital Partners. Insiders describe the Harvard Business School grad as another member of Crosthwaite's inner circle.



Saurabh Sinha is Juul's chief accounting officer.

As Juul's chief accounting officer, Sinha is responsible for Juul's global accounting and compliance function, including overseeing internal controls and directing internal audits. He also leads financial results reporting and sets company policies and procedures. He reports to company CFO Cartwright.

Sinha has worked in finance and accounting in the public and private sectors, overseeing accounting books, business process improvements, IT system implementations, technical accounting, M&A due diligence, risk management, and SEC/SOX compliance.



Kirk Phelps is Juul's new chief product officer and leads one of its most high-profile projects.

Phelps recently succeeded Monsees as chief product officer and oversees product and design, hardware engineering, software engineering, and advanced technologies.

He's in charge of one of the company's biggest and most high-profile bets, the Juul C1, a Bluetooth-connected device that lets owners monitor how much they vape. Phelps' team is expected to grow as it looks for ways to combat underage use, the company said.

Phelps worked at technology companies including Carbon, Sunrun, and Apple, where he helped design the first iPhone.

Insiders say Phelps has a lot of influence but also faces high pressure because some of the company's products have been lackluster, like a portable charging case.



Bryan White is a longtime employee and heads hardware engineering.

Bryan White goes back to the days of Pax Labs and moved over to Juul when it was spun out to be its head of hardware engineering.

The Stanford mechanical engineering grad has more than 20 years of experience designing and launching products with complex regulatory requirements. He claims to hold more than 20 US patents, according to his LinkedIn.



Jared Fix is responsible for Juul's commercial strategy, including youth prevention.

Fix is one of the executives with regulation and compliance experience at alcohol companies including Constellation Brands and Beam Suntory who Juul hired last year to help with regulatory issues.

Hired as Juul's chief strategy officer, he's now chief commercial officer, which some insiders view as a sign of diminished influence at the company.

Fix's job is to lead global commercial strategy and goals and preventing underage use. He also leads what remains of the marketing team after the company suspended all broadcast, print, and digital product advertising in the US, eliminated the chief marketing officer role, and laid off most of its marketing team.



Vittal Kadapakkam runs corporate strategy.

As the company's SVP of strategy and corporate development, Kadapakkam isn't part of the C-Suite but reports directly to Crosthwaite and is part of a powerful cohort of former analysts and management consultants running Juul's corporate strategy, according to insiders.

Kadapakkam worked at companies including Goldman Sachs and KKR prior to Juul, where he is responsible for corporate strategy and cross-functional support, new market development, capital raising, and investor engagement.



Matt David is Juul's communications chief, serving as the gatekeeper between Juul and the media.

David leads the company's communications strategy, reporting directly to Crosthwaite. A lawyer by training, he worked at corporations including PR giant Edelman and Tinder parent company Match Group and ran campaigns for politicians including John McCain and Arnold Schwarzenegger.

As Juul faces public and regulatory scrutiny, David has been staffing up, recently hiring Vice President Mike Pence's director of media affairs, Rebeccah Propp, as a director.



Josh Raffel is a crisis-communications executive with Hollywood and White House experience.

Raffel is a crisis-communications vet whose experience has spanned Hollywood and Washington, DC, most recently as deputy communications director at the White House —Vanity Fair called him Jared Kushner and Ivanka Trump's "battering ram"— experience that could serve Juul as it faces lawsuits and investigations.

Raffel is also known to have high-level relationships across major print publications and TV networks, according to Axios. He reports to Juul's chief communications officer, Matt David.

 

 



Bob Robbins comes from a spirits-industry background.

Like Fix, Robbins brings a regulation and compliance background at alcohol companies Constellation Brands and Beam Suntory.

The Stanford Business grad joined Juul in September 2017 and serves as the company's Americas president.



Grant Winterton is charged with expanding Juul in Europe, the Middle East, and Africa.

With Juul increasingly coming under scrutiny in the US, overseas expansion has become a priority. Leading that charge in Europe, the Middle East, and Africa is Winterton, Juul's EMEA president.

The climate for e-cigarettes is more positive in Europe than the US, but the company faces resistance in the EU over nicotine levels in its products, and it'll fall to Winterton, with more than 25 years of management experience at companies such as Coca-Cola, Red Bull, Arnotts, and Roust, to navigate those issues.



Ken Bishop has been key to Juul's expansion in Asia-Pacific, particularly South Korea.

Bishop has more than 10 years of experience in Asia Pacific, most recently as Facebook Southeast Asia's managing director, and will also be key to Juul's growth in the region.

Asia-Pacific, as Bishop has himself admitted, is big business for Juul, with 50% of the world's billion smokers coming from there.

Over the past year, the Juul South APAC president has established the strategy, team, and operating infrastructure, including launching in countries like South Korea, Philippines, and Indonesia. 



Arun Hozack will split duties in the Asia-Pacific with Bishop and handle countries like South Korea.

Hozack is the third in Juul's international leadership along with Winterton and Bishop. He became head of North Asia-Pacific five months ago and has taken over parts of the region including South Korea.

He spent nearly 20 years at Red Bull in a variety of leadership positions, including marketing, and most recently, as the regional head of Asia-Pacific. 

 



Riaz Valani is a Juul board member and was an early investor.

Valani is general partner at private-equity investment firm Global Asset Capital and a Juul board member.

SEC filings from 2011 showed him as an early investor in a $3.3 million equity round for Ploom, the company that was precursor to Pax Labs.

Insiders say Valani is heavily involved in Juul's internal affairs and a familiar face at the company's San Francisco headquarters. Valani is also a member of The Indus Entrepreneurs.



Nicholas Pritzker is an early investor in Juul, with family roots in Big Tobacco.

Pritzker, a former executive at Hyatt Hotels and a venture-capital investor who cofounded Tao Capital Partners, is another early investor in Juul and a board member.

He belongs to the Pritzker family that owned the chewing-tobacco giant Conwood before selling it to Reynolds American.

Pritzker is also an early investor in the synthetic DNA company Twist Biosciences and cofounder of the Clean Energy Trust, which invests in clean energy companies in the Midwest, according to Forbes.

Got a tip about Juul? Contact this reporter via encrypted messaging app Signal at +1 (646) 702-2530, email at tdua@businessinsider.com, or Twitter DM at @tanyadua




Located near New York's best shopping and dining, Sixty SoHo made me feel like a downtown A-lister

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  • Sixty SoHo is a long-established hip haven, adjacent to some of New York's best shopping and nightlife.
  • The hotel's vibe exudes serious cool factor, and while some guests commonly complain of staff members being snobby or unaccommodating, I didn't experience that at all during my stay.
  • I stayed in a King Suite, which starts at $500 per night. It's meant for those who want to feel like an A-list downtown New Yorker. For a more affordable option, the basic Queen Superior is quite reasonable, starting at $180 a night. It's a great value for the location and reputation.

With two locations in New York, the Sixty brand has been a prominent member of the boutique hotel scene since 2001. Sixty LES, the Lower East Side location, often receives more hype due to its rooftop pool and Blue Ribbon culinary partnership, but Sixty SoHo is the true anchor as the first established property. 

I stayed in a King Suite, the basic suite option, which was comped for review purposes. Quick online research shows the 525-square-foot room with a sitting area, bathtub, separate shower, and private balcony starts at $500 per night and soars up to $800 in peak season. It's expensive, but if you travel midweek or offseason, the low end of that range is more accessible than other high-end New York hotels, where suites start upwards of $800 per night, regardless of time of year.

For a dose of downtown sophistication at a less indulgent price point, the entry-level Queen Superior still has 300 square feet and a very fair starting price of $180 a night. That's one of the best rates I've encountered for a hotel of this stature.

However, prices fluctuate wildly based on time of year and demand. In some instances, a standard room can run up to $600. On average, you'll find it from $300-$400 per night.

Ultimately, it's an expensive hotel. However, when you want to feel like a SoHo A-lister with unparalleled access to New York's coolest shopping and dining, it's hard to beat Sixty SoHo.

Keep reading to see why I was so impressed by Sixty SoHo.

SEE ALSO: At Andaz 5th Avenue, standard rooms offer the greatest value — why I would skip the suite next time

SEE ALSO: I spent a night at MADE, in Manhattan's NoMad neighborhood — here's what I liked most about the understated, boutique hotel

SEE ALSO: I spent a night at 1 Hotel Brooklyn Bridge and loved the waterfront location, city views, and how my room embraced nature



In New York, it can be easy to feel overwhelmed by the sheer number of buildings and storefronts vying for your attention. 

Sixty SoHo has found a simple way to stand out. The building is set further back from the street, placing it out of line with those that surround it. It creates space to breathe as you enter past the blue awning and lush greenery.

Inside, the on-site restaurant, Bistrot Leo, is to the left, and the ground floor lobby is to the right. I was met with a small concierge desk, but no one manning it. A small plaque informed me to check in with the front desk. But the front desk was nowhere in sight.

It wasn't until a staff member passed by and informed me the desk was upstairs that I was able to proceed with checking in.

I arrived at around 3:30 p.m., a half-hour after the posted check-in time, and check-in was seamless. My room was ready, but several others seemed to be sitting in the lobby waiting for rooms.





As I stepped off the elevator, I found myself at the door to my room. I was surprised a suite would be located right across from the elevator. Though I learned it was due to the nature of the architecture: King Suites have private balconies, all of which run along the center of the building, where the elevator is.

Thankfully, I didn't notice any elevator noise, likely because the bed was away from the door.

My suite was split into two sections, separated by sliding pocket doors. One side was a sitting area with a couch, desk, and TV, and on the other side housed the plush king bed and second TV.

It was pouring rain, so I enjoyed a night in and watched Holiday Baking Championship on Food Network for several hours. Once I'd spent enough time on the blue velvet sofa, I transitioned to viewing my cookie competition in bed — truly luxurious.



The red marble bathroom was a highlight as well, with a soaking tub and separate free-standing shower. To make room for the tub, the shower takes a bit of a hit in size. It was kind of like showering in a phone booth. Basic rooms contain just a walk-in shower.

The balcony was lovely, but I didn't take full advantage due to the weather. It stretched across both the living space and bedroom, with an entrance from each area. Sixty SoHo is perfectly positioned on Thompson Street, offering a view of both the Empire State Building and the Freedom Tower. 

I didn't get a chance to see a basic room during my stay, but based on traveler photos on sites like Booking.com and Trip Advisor, the King and Queen Superior rooms look typically sized for a New York hotel. There isn't a ton of space, but they won't feel too cramped. Indeed, there are very few reviews that cite room size as an issue. And if I've learned anything reviewing hotels, it's that guests will always let you know if their room feels small.





I stayed on a Sunday night when Sixty SoHo's bar, Butterfly, was closed. I glanced in for a sense of the ambiance, which was gorgeous. The space was decorated with sultry animal print and oversized round pieces of art pieces lit from behind, giving the appearance of stained glass.

The rooftop bar, A60 was also closed for the season, and I wasn't able to see it.

Both A60 and Butterfly have several negative reviews online, noting a sense of superiority from staff, or slow service when the bars weren't busy. I can't attest to either of these assessments, but it may be something to keep in mind before visiting in the future.

Bistrot Leo is Sixty SoHo's in-house French restaurant. I did not dine here, as it was out of my price range for an ordinary Sunday dinner. I peeked inside and the vibe was perfectly Parisien with checker tile and rattan cafe chairs. 

Looking at photos of the food and reviews online, I'm beginning to regret not going for the splurge. The potato mille-feuille with dozens of layers of thin potato sliced, stacked, and fried, looks delicious enough to make me want to go back and make a meal out of just those.



Sixty SoHo is, as expected, in the heart of SoHo. This is one of the preeminent shopping destinations in New York, just five blocks from Broadway where many of the bigger brands make their home with flagship stores.

The hotel is also conveniently placed by three highly-touted confectionary spots. Laduree is your go-to spot for macarons, Black Tap boasts over-the-top milkshakes, and Dominique Ansel sells cronuts and cookie shots with a cult following.

The A/C subway lines are a three-minute walk away, so you're well-positioned to travel within the rest of Manhattan.



Sixty SoHo fares well on Booking.com with an 8.7, earning the distinction of one of the website's best sellers in New York. It ranks similarly on Trip Advisor where it's earned 4.5 stars and sits solidly at number 88 out of the 508 hotels in their New York database.

Those who enjoyed their stay rave about the location, as well as the comfort level of the rooms. These are two aspects where I agree Sixty SoHo really shines. 

Disappointed folks most commonly took issue with the attitude of the employees. I didn't encounter this, but the hotel did know I was there to potentially review it.

I also came across complaints that noise from Butterfly and A60 leaked into rooms late into the night. If you're a light sleeper, request something on the middle floors, far enough above Butterfly and below A60 so you won't be disturbed.

You can also sleep easy knowing that Sixty SoHo has never appeared on the Bed Bug Registry.



Who stays here: Those who want to see and be seen at hyped spots like A60 and Butterfly, and who value a beautiful and cool hotel room. It's also a great spot for those who want to be downtown, in the heart of SoHo.

We like: The artwork in the room. Harland Miller featured heavily in the hotel, and his paintings of book covers added to the hotel's funky mood.

We love (don't miss this feature!): The vibe of the Butterfly Bar. Though it was closed during my stay, the aesthetic alone made me want to go back to experience it at its peak.

We think you should know: Butterfly is closed on Sundays and Mondays. The rooftop bar, A60, is seasonal and will reopen in May.

We'd do this differently next time: Get dinner at Bistrot Leo. All the photos I've seen make it look worth the splurge.



Sixty SoHo has a painfully cool aesthetic, and according to some past guests, you may encounter a superior attitude to match. I thankfully didn't experience any snobbery during my stay; in fact, everyone was very accommodating.

Rooms are sleek, modern, and luxuriously lush for a design that fits perfectly with the warm but hip vibe of the hotel. Decorated with Harland Miller artwork, leather, and blue velvet, Sixty prioritizes cozy comfort mixed with pure style.

Book Sixty SoHo starting at $180 a night here



If you leave the Chinese military, the government can make your life a living hell

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chinese military parade

  • The official news website of China's People's Liberation Army recently posted a story about a new recruit who was penalized for quitting the military.
  • Zhang Moukang will face a two-year ban on foreign travel and will have to pay a $4,000 fine, among other punishments.
  • According to CNN, a few dozen soldiers have faced similar punishments in recent years for leaving what is essentially a volunteer force.
  • Visit Business Insider's homepage for more stories.

A new report shows how big of a deal quitting the military is in China, where even dropping out of the physically demanding recruit training can spell an end to normal life.

The official English-language news website of the People's Liberation Army recently posted a story about a new recruit who decided to quit after only about a month of service.

Zhang Moukang, whose age is not given, enlisted in the army in September, but found himself "unable to adapt" to military life, according to China Military Online. He asked to quit in October, and "despite his troops' patient exhortation, he persisted in dropping out" in November.

According to the report, the new recruit was then hit with eight punishments ranging from a two-year ban on travel to more than $7,000 in fines and reimbursements. Here all eight of the punishments:

  • A two-year ban on foreign and domestic travel, buying real estate, going to college, and starting a business.
  • A lifetime ban on working for the government, even as a temporary staffer. This is a big deal since China's communist government means that many jobs are government jobs.
  • His military status will be changed to "rejection of military service."
  • A $4,000 fine for leaving the military, in addition to paying back the government for the costs they incurred taking him on as a soldier and housing him, which amounts to $3,750.
  • A cancellation of his preferential treatment as a serviceman.
  • A public shaming via TV, newspaper, and social media reports.

CNN reports that there have been a few dozen similar cases in recent years of soldiers in China being punished for leaving the military.

It's an interesting system since China has an essentially volunteer force, according to CNN. Though the People's Liberation Army is technically compulsory, they get so many volunteers that they've had to get more discerning in recent years with who they take, focusing now on college-educated individuals.

It's likely that Zhang was in basic training or recently graduated from it, showing the huge stakes for someone new to uniform. His fate is in stark contrast to that of US recruits, who can refuse to continue their basic training or fail physical tests and are likely to be processed out of the service without lasting repercussions.

It's also important to note how the military publicized this story on their English-language news website.

Adam Ni, a China researcher at the Department of Security Studies and Criminology at Macquarie University in Australia, told CNN that it appears the military is trying to "make an example out of" Zhang by making his punishments known to "broader society."

Ni said "this is an example of some of the tensions that the PLA faces. On the one side it needs to project a image, a good image, and on the other side it has needs to deter what it considers to be bad behavior and insubordination."

Read the full story at CNN.com»

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Open Banking 101: How Financial Institutions Can Take Advantage of a Global Movement

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Open banking, which has been implemented in the U.K., involves sharing customers' financial information electronically and securely, but only under conditions that customers approve.

Open banking forces lenders to offer a digital "fire hose" of data that any third party can use to get standardised access — provided the startup is registered with the UK Financial Conduct Authority (FCA) and the customer agrees to share their data.

This system has already taken root in the U.K., but it could soon spread to the rest of the world. That's why Business Insider Intelligence has put together a report called Open Banking 101: How Financial Institutions Can Take Advantage of a Global Movement to Collaborate with Partners and Developers.

The report offers a look inside how this spreading movement is forcing banks to change their business models. It also walks through one specific bank as an illustration of how open banking is transforming the way financial institutions do business.

You can receive a FREE download of this report simply by entering your email address!

As an added bonus, you'll receive a free preview of our Banking Pro Briefing.

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A VC who runs a $200 million cannabis fund told us why China is the next big frontier for cannabis and hemp

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Narbe Alexandrian

  • Canopy Rivers CEO Narbe Alexandrian talked with us about the key trends he's watching in cannabis in 2020 on the sidelines of MJBizCon Las Vegas, the industry's largest annual conference.
  • Among the top trends where he's looking to invest: hemp in China, hyper-focused brands, and cannabis tech.
  • Click here for more BI Prime stories, and subscribe to our weekly cannabis newsletter, Cultivated.

Narbe Alexandrian has had a busy year, to say the least.

As the CEO of Canopy Rivers, the $216 million venture capital arm of Canadian cannabis giant Canopy Growth, Alexandrian continued to build out the firm's portfolio and inked a deal with Brooklyn Nets star Kevin Durant's VC firm, Thirty Five Ventures.  And he steered his firm through a tough cannabis market and helped prepare for the next wave of cannabis derivative products that are hitting Canadian shelves this month.

Next year, Alexandrian expects the market to begin to improve, creating an opening for companies to strike deals as they look to expand, he said.

"There's going to be continued pressure on the markets until some of these players start to shake out," Alexandrian told Business Insider on the sidelines of MJBizCon in Las Vegas, the industry's largest yearly get-together. "And then we'll probably enter a brief period of time of heightened M&A where companies are picked up for assets, acqui-hires, and the ability to go faster in different markets and to expand."

Alexandrian said that all that M&A will happen at lower valuations than what we're seeing today. 

International cannabis markets are heating up 

Apart from that, Alexandrian said he'll be closely watching the expansion of international cannabis markets — namely, the European Union and China — as one of the top trends in the industry.

"Europe is moving very fast into legalization," Alexandrian said. "Germany and Italy are the two countries we're really zoned in on," because of the countries' rapidly advancing medical cannabis legalization programs, he said.

As for China, the country — which still levies stiff penalties on the use of cannabis that contains THC, the chief psychoactive compound of the plant — is becoming a center of hemp and CBD production, as described by a Wall Street Journal story in November.

Alexandrian said he's seeing a number companies emerging that are trying to set up medical-grade cannabis facilities in China.

"But it'll be a two or three-year slog to really get there," he said.

Once those companies are operational, Alexandrian said it will "open up a lot of pricing pressure" on US CBD companies, as Chinese companies will be able to export high-CBD hemp products to the Western medical cannabis markets. 

"The process itself is always slow," Alexandrian said. "The culture there is, you might hear something and then all of a sudden you might get total radio silence, but they're still interested and they might pick it back up again. On the flip side, there's a lot of money that's ready to be put into cannabis." 

The emergence of 'hyper-focused' brands

Beyond international markets, Alexandrian said he'll be "closely watching"cannabis tech. That included tools to gauge loyalty from repeat customers, as well as tech to grow the cannabis plants quicker, stronger, and with less disease, and what Alexandrian calls the new wave of "hyper-focused" cannabis brands.

"That's more of a West Coast strategy, of trying to see what brands are really emerging," Alexandrian said. "We're seeing a trend happening in Los Angeles that we're not seeing anywhere else in the world, which is hyper-focused brands coming out and solving one problem and doing everything they can to specialize on that."

He gave the example of dreamt, a vaporizer that combines cannabis oil with melatonin and other compounds meant to help induce sleep.

"They see cannabis less as a product and more as an ingredient," Alexandrian said. "It's not just a cannabis product, it's a sleep product, they're purely focused on sleep."

Last, Alexandrian said he hopes 'Cannabis 2.0' in Canada, when cannabis-infused products, including edibles, cosmetics, beverages, and others, hit store shelves starting this month, will give the industry a much-needed lift.

"I'm a huge fan of beverages," Alexandrian said. "It's a form factor where you can sit down and watch a game and then drink a can of THC beverage, it's a typical beer when you come home from work feeling." 

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How to slow down a TikTok video by recording in slow motion

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FILE PHOTO: The logo of TikTok application is seen on a mobile phone screen in this picture illustration taken February 21, 2019. Picture taken February 21, 2019. REUTERS/Danish Siddiqui/Illustration

If you're active on TikTok, you've likely come across a lot of creative TikTok videos with well-done special effects. And if you watch these creative videos, it's only natural to want to use those methods to enhance your own videos. 

The TikTok editor provides a good assortment of options to choose from. And when it comes to recording slowed-down videos, you can do it quite easily — as long as you know that you have to choose the option before you start recording.

Here's what you'll need to do to take advantage of the slow-motion effect in your TikTok videos, using the app for Android and iPhone.

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How to slow down a TikTok video

1. Open your TikTok app and log into your account, if you aren't already logged in.

2. Tap the plus sign in the bottom-middle section of your screen to start recording a new video.

3. Select "Speed" from the right sidebar — its icon looks a bit like a kitchen timer.

1 HOW TO SLOW DOWN TIKTOK VIDEO

4. Tap to pick the new speed for your video from the options presented at the bottom of your screen. You can slow the video down in two ways: 0.5x speed, and 0.3x speed. You can also speed it up two or three times its normal speed.

2 HOW TO SLOW DOWN TIKTOK VIDEO

5. Press the red circle to record your video. When you're done, the video will run back once at normal speed, then again slowed down.

6. Tap the red check mark when you're done recording.

7. Add any other effects that you want and finish posting like normal.

Related coverage from How To Do Everything: Tech:

SEE ALSO: The best iPhone for every type of person and budget

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