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Westlake Legal Group > News Corporation (Page 85)

Rihanna Says, ‘Gosh I Love Lizzo,’ Wants To Collaborate With The Singer

Westlake Legal Group 5d7955492300001005514ece Rihanna Says, ‘Gosh I Love Lizzo,’ Wants To Collaborate With The Singer

Rihanna would love to collaborate with Lizzo ― cuz she loves her. 

The music and fashion icon gushed over Lizzo at her Savage X Fenty show Tuesday night at the Barclays Center in Brooklyn for New York Fashion Week. 

When asked about any potential future collaboration with the “Cuz I Love You” singer, Rihanna didn’t hesitate to share her excitement at the idea. 

“I would collaborate with her on the lights for this interview right now, Lizzo is so badass and she’s everything that Savage stands for: A confident woman, no matter what size, color, shape ― your attitude is what makes you savage.” 

The feelings of admiration are clearly mutual.

Lizzo told ET last month that she loves Rihanna and that she was hoping to hear new music from the “Anti” artist soon.

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Purdue Pharma Tentatively Settles Thousands of Opioid Cases

Purdue Pharma and its owners, members of the Sackler family, have tentatively reached a wide-ranging settlement with thousands of municipal governments, states and tribes nationwide that are suing the pharmaceutical industry for the devastation resulting from the opioid epidemic.

The deal is a landmark moment in the long-running effort to compel Purdue Pharma, the company whose signature opioid, OxyContin, is seen as an early driver of the crisis, and its owners, the Sacklers, to face a reckoning for the deaths of hundreds of thousands of people from overdoses and the calamitous systemic costs.

Specifics of the settlement have yet to be hammered out, but according to two people involved in the negotiations, the broad contours of the deal would involve Purdue filing for Chapter 11 bankruptcy. The company would be dissolved, and a new one would be formed to continue selling OxyContin and other medicines, with the profits used to pay the plaintiffs. Purdue Pharma also would donate drugs for addiction treatment and overdose reversal, several of which are in development.

Under the deal, the Sackler family would pay $3 billion in cash over seven years.

The settlement does not include an admission of wrongdoing.

In a statement, the company said, “Purdue Pharma continues to work with all plaintiffs on reaching a comprehensive resolution to its opioid litigation that will deliver billions of dollars and vital opioid overdose rescue medicines to communities across the country impacted by the opioid crisis.”

But the tentative deal would not put to rest claims by a majority of the nation’s states, whose attorneys general quickly denounced the proposal and vowed to pursue the Sackler fortune.

[Like the Science Times page on Facebook. | Sign up for the Science Times newsletter.]

The tentative agreement was reached scarcely six weeks before the start of the first federal trial in the sprawling opioid litigation in front of a federal judge in Cleveland. The judge, Dan A. Polster, recently issued tough pretrial rulings against defendants that have not yet settled — drug manufacturers as well as drug distributors and chain retailers. Although other manufacturers have already settled in that case, as well as in an earlier state opioid trial in Oklahoma, the Purdue agreement is the first so-called “global” arrangement. Negotiated by a team of five lawyers representing plaintiffs in nearly 2,300 lawsuits in federal court, as well as by lawyers for the states, the resolution would end most of the cases against Purdue.

ImageWestlake Legal Group 11OPIOIDS2-articleLarge-v2 Purdue Pharma Tentatively Settles Thousands of Opioid Cases your-feed-healthcare Suits and Litigation (Civil) Sackler family Purdue Pharma Polster, Dan Aaron OxyContin (Drug) Opioids and Opiates Drugs (Pharmaceuticals) Drug Abuse and Traffic Attorneys General

Richard Sackler, former chairman and president of Purdue Pharma, in a screengrab taken from a 2015 video deposition.CreditKentucky attorney general’s office

In addition to the plaintiffs in the federal litigation, some 23 states and a handful of territories are said to favor the deal.

Lawyers supporting the proposed settlement said that they prefer to have an agreement with Purdue rather than face the uncertainty of protracted litigation with no guarantee of a better outcome.

Paul Geller, a plaintiffs’ lawyer working to resolve the federal cases, said: “Nobody walks away from a difficult negotiation feeling like a winner. But one thing was certain during difficult, protracted negotiations — a bankruptcy filing by Purdue was inevitable.”

Herbert Slatery, the Tennessee attorney general, called the deal a significant step to “obtain meaningful relief to address the opioid crisis.”

The plan, Mr. Slatery said, “would secure billions of dollars nationwide to go toward addressing the devastating effects of the opioid epidemic and will result in the Sackler family divesting themselves of their business interests in the pharmaceutical industry forever.”

But because the tentative agreement falls short of what some state attorneys general were seeking, they have said that they will continue to pursue the Sacklers. In recent weeks, perhaps in anticipation of legal fortresses built by the Sacklers to guard their fortune, which Forbes estimated to be about $13 billion, more states, including Virginia, New Mexico and Delaware, filed cases against members of the family. States have used an array of legal tactics, hoping to win an even bigger payout from the Sacklers and to force them out of the pharmaceutical business altogether.

A critical sticking point has been the timing of the family’s sale of its global pharmaceutical business, Mundipharma, and the contribution the family would make from the proceeds. Some attorneys general, including those from Massachusetts, New York, New Jersey, Pennsylvania and Connecticut, who have not signed on to the settlement, had been pressing the family to sell Mundipharma immediately and to discontinue manufacturing drugs for international markets. In addition, the attorneys general said, they wanted the Sacklers to commit an additional $1.5 billion up front.

The family rejected those terms.

The attorneys general for several states vowed to push on. Letitia James, New York’s attorney general, called the deal “an insult, plain and simple.”

Maura Healey, the Massachusetts attorney general, who was the first to sue individual members of the Sackler family, said in a statement, “It’s critical that all the facts come out about what this company and its executives and directors did, that they apologize for the harm they caused, and that no one profits from breaking the law.”

William Tong, Connecticut’s attorney general, said in a statement that the state “has not agreed to any deal.” He added: “I cannot predict whether Purdue will seek bankruptcy, but all I can say is we are ready to aggressively pursue this case wherever it goes — whether it is in the Connecticut courts or through bankruptcy.”

Often when a company goes into Chapter 11 bankruptcy, all litigation against it is stayed. The deconstruction and evolution of Purdue would now be presumably overseen by a bankruptcy judge and, eventually, trustees appointed to assemble a new, transparent board, which would not include any of the Sacklers.

Still unclear is what the distribution of any Purdue and Sackler money would look like for individual parties that have signed on to the deal, as well as for the federal government, which has been investigating the company, plus hospitals, insurers and a group representing infants born exposed to opioids, which have also brought lawsuits.

Another significant question to be resolved is where, legally and practically, the settlement would leave the Sacklers. Whether they would be legally insulated by the settlement is in dispute.

One question is whether the Sacklers’ payouts in the settlement would bind them into Purdue’s bankruptcy proceeding and therefore halt the lawsuits against them as well as the company. Purdue is expected to file for bankruptcy in New York, which has occasionally looked favorably upon such conditions.

Many of the two dozen states that have named individual Sacklers as defendants have said that the family has been intentionally taking billions of dollars out of the company since 2007, when Purdue and its executives paid a $635 million fine to resolve federal civil and criminal charges related to the “misbranding” of OxyContin.

Legally speaking, this is known as “fraudulent conveyance,” and it could be a claim for the states to pursue in bankruptcy court. Some states have been aggressively hunting for where the Sacklers have deposited their money, particularly the New York attorney general’s office, which recently issued 33 subpoenas, including to offshore holding companies.

The Sacklers, however, have long said that whatever funds they withdrew from Purdue were appropriate dividends from a company they owned and directed.

Recent developments in opioid cases
Sacklers vs. States: Settlement Talks Stumble Over Foreign Business

Aug. 30, 2019

Westlake Legal Group merlin_152977263_a377022b-9fb9-42ae-a52c-6e24c93afdef-threeByTwoSmallAt2X Purdue Pharma Tentatively Settles Thousands of Opioid Cases your-feed-healthcare Suits and Litigation (Civil) Sackler family Purdue Pharma Polster, Dan Aaron OxyContin (Drug) Opioids and Opiates Drugs (Pharmaceuticals) Drug Abuse and Traffic Attorneys General
Major Drug Maker Is Close to Settling Case to Avert First Federal Trial in Opioid Crisis

Sept. 6, 2019

Westlake Legal Group 06OPIOIDS1-threeByTwoSmallAt2X Purdue Pharma Tentatively Settles Thousands of Opioid Cases your-feed-healthcare Suits and Litigation (Civil) Sackler family Purdue Pharma Polster, Dan Aaron OxyContin (Drug) Opioids and Opiates Drugs (Pharmaceuticals) Drug Abuse and Traffic Attorneys General
States Clash With Cities Over Potential Opioids Settlement Payouts

Aug. 5, 2019

Westlake Legal Group 05OPIOIDS-LAWSUIT1-threeByTwoSmallAt2X Purdue Pharma Tentatively Settles Thousands of Opioid Cases your-feed-healthcare Suits and Litigation (Civil) Sackler family Purdue Pharma Polster, Dan Aaron OxyContin (Drug) Opioids and Opiates Drugs (Pharmaceuticals) Drug Abuse and Traffic Attorneys General
Johnson & Johnson Ordered to Pay $572 Million in Landmark Opioid Trial

Aug. 26, 2019

Westlake Legal Group 26opioids-hp-promo-threeByTwoSmallAt2X-v6 Purdue Pharma Tentatively Settles Thousands of Opioid Cases your-feed-healthcare Suits and Litigation (Civil) Sackler family Purdue Pharma Polster, Dan Aaron OxyContin (Drug) Opioids and Opiates Drugs (Pharmaceuticals) Drug Abuse and Traffic Attorneys General

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Amazon sees more than 100,000 fires, causing spike in air pollution

Destructive blazes in the Amazon rainforest are spewing a toxic brew into the air and causing a spike in air pollution, new satellite images from the European Space Agency show.

The ESA images, released on Monday, show an increase in pollutants like carbon monoxide, formaldehyde and aerosols, as the number of fires has also grown.

According to Brazil’s National Institute for Space Research, the number of fires has soared past 100,000, which is a 45 percent increase from this same time last year.

AMAZON FIRES: BY THE NUMBERS

Westlake Legal Group Carbon_monoxide_from_Amazon_fires Amazon sees more than 100,000 fires, causing spike in air pollution fox-news/science/planet-earth/natural-disasters fox news fnc/science fnc fdd376b2-f90a-5877-a9aa-44d2491d2d88 Christopher Carbone article

Using data from Copernicus Sentinel-5P, the image shows the difference in carbon monoxide in the air between July 2019 and August 2019 over the Amazon. (European Space Agency)

AMAZON FIRES: WHY IS THE RAINFOREST BURNING?

The raging fires, which are visible from space, have been burning through the extremely biodiverse region for more than a month.

At least 2.5 million acres have already burned.

“It’s a catastrophe of huge proportions,” Dr. Deby Cassill, an associate professor in USF’s Department of Biological Sciences, told Fox 13.

Environmental groups have said the blazes are also negatively impacting the climate.

Westlake Legal Group AP-amazon-fire Amazon sees more than 100,000 fires, causing spike in air pollution fox-news/science/planet-earth/natural-disasters fox news fnc/science fnc fdd376b2-f90a-5877-a9aa-44d2491d2d88 Christopher Carbone article

A fire burns in highway margins in the city of Porto Velho, Rondonia state, part of Brazil’s Amazon, late last month. (AP Photo/Eraldo Peres) (AP)

“In addition to increasing emissions, deforestation contributes directly to a change in rainfall patterns in the affected region, extending the length of the dry season, further affecting forests, biodiversity, agriculture and human health,” Greenpeace said in a statement.

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Westlake Legal Group cropped-carbon-monoxide-from-amazon-fires Amazon sees more than 100,000 fires, causing spike in air pollution fox-news/science/planet-earth/natural-disasters fox news fnc/science fnc fdd376b2-f90a-5877-a9aa-44d2491d2d88 Christopher Carbone article   Westlake Legal Group cropped-carbon-monoxide-from-amazon-fires Amazon sees more than 100,000 fires, causing spike in air pollution fox-news/science/planet-earth/natural-disasters fox news fnc/science fnc fdd376b2-f90a-5877-a9aa-44d2491d2d88 Christopher Carbone article

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Tesla claims one track record, plans to go for another

Elon Musk has claimed that Tesla has set a track record, just not the one people were expecting.

Westlake Legal Group model-s Tesla claims one track record, plans to go for another Gary Gastelu fox-news/auto/make/tesla fox-news/auto/attributes/performance fox-news/auto/attributes/electric fox news fnc/auto fnc d177664d-062c-51b6-bcfd-fb5be0ae91cc article

The Model S P100D is Tesla’s highest performance car. (Tesla)

Following the reveal of the electric Porsche Taycan Turbo S last week, Musk tweeted that Tesla was sending a Model S sedan to Germany’s 13-mile-long Nurburgring race track, where a prototype for the Porsche posted the fastest lap ever in an electric sedan.

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Musk didn’t explicitly say Tesla was trying to beat the Porsche’s record, but that seemed to be the implication. In the meantime, the Model S picked up a record at a different track. Musk tweeted on Wednesday that the sedan set the fastest time for a four-door around California’s Laguna Seca.

The A Model S P100D already held the production electric sedan record around the 2.2-mile track at 1:43, but the overall mark was set last year by the Jaguar XE SV Project 8 at 1:37.54. Musk said video of the new lap, which will reveal the official time, will be posted soon.

He also gave an update on the Nurburgring effort, saying a car is being tested and tuned, but won’t go for a lap time this week. Given the length of the track, it presents a much greater challenge than Laguna Seca, especially for high-performance electric cars, which are prone to overheating and power loss.

However, Road and Track reports that someone booked a surprise 30-minute private session at the track on Sept. 21, suggesting Tesla or another automaker could be planning a record run.

Westlake Legal Group tesla-model-s Tesla claims one track record, plans to go for another Gary Gastelu fox-news/auto/make/tesla fox-news/auto/attributes/performance fox-news/auto/attributes/electric fox news fnc/auto fnc d177664d-062c-51b6-bcfd-fb5be0ae91cc article   Westlake Legal Group tesla-model-s Tesla claims one track record, plans to go for another Gary Gastelu fox-news/auto/make/tesla fox-news/auto/attributes/performance fox-news/auto/attributes/electric fox news fnc/auto fnc d177664d-062c-51b6-bcfd-fb5be0ae91cc article

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Reports: U.S. Won’t Grant Protected Status To Bahamians Who Fled Hurricane Dorian

Westlake Legal Group 5d795a793b0000c49fd0eb8d Reports: U.S. Won’t Grant Protected Status To Bahamians Who Fled Hurricane Dorian

The Trump administration will reportedly not grant temporary protected status to people who fled the Bahamas as Hurricane Dorian destroyed communities across the islands and left at least 43 people dead in its wake. 

The Department of Homeland Security typically grants the status, known as TPS, to refugees of war or environmental disasters, allowing them to live and work in the U.S. until it is safe enough for them to return home.

CNN first reported the Trump administration’s decision to withhold the humanitarian aid on Tuesday, citing an unnamed administration official. NBC News also reported on the decision Wednesday.

President Donald Trump said he was considering extending TPS to the people of Bahamas on Monday, though he also claimed, without providing factual data, that there were “very bad people,” including gang members and drug dealers, among the Bahamian refugees.

Any people coming to the U.S. from the hurricane-ravaged islands would have to have proper documents before entering the country, the president told reporters on Monday.

“I don’t want to allow people who weren’t supposed to be in the Bahamas to come into the United States, including some very bad people and some very bad gang members and some very, very bad drug dealers,” Trump added.

The U.S. has only identified 10 countries whose residents are eligible for TPS, including El Salvador, Haiti, Syria and Yemen. More than 300,000 foreign nationals had temporary protected status as of March, according to the Pew Research Center.

Hurricane Dorian made landfall in the Bahamas’ northern islands as a Category 5 storm in early September, wiping out entire towns with winds up to 185 miles per hour. 

News footage filmed by WSVN Monday shows hundreds of Hurricane Dorian survivors being told to exit a ferry in Freeport, Bahamas, bound for Fort Lauderdale, Florida, if they didn’t have the proper paperwork.

A Customs and Border Protection official in Florida later expressed confusion to the news station, blaming Balearia, the ferry company, for giving false information in its announcement to the refugees.

The CBP official told WSVN that the Bahamians “would have been processed” if they had reached Fort Lauderdale via the ferry.

This story has been updated to note that Bahamians fleeing the hurricane were forced to leave a ferry to the U.S.

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Inspector general investigates Virginia Medicaid contract

Westlake Legal Group 18021767_G Inspector general investigates Virginia Medicaid contract

News – AP-State

Virginia’s inspector general is investigating a contract worth up to $1.5 million that the state’s Medicaid office awarded to a company owned by a former U.S. government employee who helped oversee federal…

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Jennifer Aniston says her ‘Morning Show’ character’s struggles draw parallels to her life: ‘I just want to cry’

Jennifer Aniston is returning to where it all began.

People have seen Aniston dominate their big screens for years, following the end of “Friends” in 2004.

However, Aniston, 50, still feels she hasn’t hit her peak and that her best years (and work) are still ahead of her.

STEVE CARRELL’S ‘THE MORNING SHOW’ CHARACTER MIRRORS DISGRACED NBC NEWS ANCHOR MATT LAUER

“I’m entering into what I feel is one of the most creatively fulfilling periods of my life,” Aniston told the New York Times of her latest role in Apple’s “The Morning Show,” a series which seems similar to NBC’s long-running “Today” show and surrounds the drama-filled, highly-competitive business of producing morning news. “Seriously, I’ve been doing this for 30 years and I feel like it’s just about to really bloom,” she said.

Aniston will star in the series for Apple’s forthcoming streaming service alongside Reese Witherspoon and Steve Carrell, with “The Office” funnyman portraying what appears to be a made-for-TV version of Matt Lauer.

Meanwhile, Aniston’s character – also a news anchor – is akin to Ann Curry, but viewers will see an Alex Levy (Aniston), whose male bosses have already declared her “past her sell-by date,” navigate her complicated personal and professional life while dealing with the impending fallout of Carrell’s character after a sudden and very public firing for sexual misconduct. Witherspoon plays a field reporter whom Levy believes could be gunning for her job.

JENNIFER ANISTON’S InSTYLE COVER SLAMMED BY FANS FOR AIRBRUSHING HER IMAGE

In preparation for such a serious and revealing role, the “Horrible Bosses” actress said she went behind-the-scenes at “Good Morning America” and also spent time with Diane Sawyer, picking up Sawyer’s mannerisms, wardrobe selections and caffeine habits, which included switching between Coca-Cola, Red Bull and coffee.

Westlake Legal Group Aniston Jennifer Aniston says her ‘Morning Show’ character’s struggles draw parallels to her life: ‘I just want to cry’ Julius Young fox-news/person/jennifer-aniston fox news fnc/entertainment fnc article 32ea3d58-975d-5665-91dc-1455555370cf

Cast member Jennifer Aniston arrives at the Los Angeles premiere of “Murder Mystery” at the Regency Village Theatre on Monday, June 10, 2019 in Westwood, Calif. (Photo by Jordan Strauss/Invision/AP)

Michael Ellenberg, a former executive at HBO who had his thumb on the pulse of “Game of Thrones” and “The Leftovers,” said he feels Alex’s struggles in her life and profession are similar to Aniston’s.

“Jen has lived in the public eye for so long,” said Ellenberg. “She’s drawing on real stuff in her life.”

JENNIFER ANISTON REVEALS DRUGSTORE SECRET TO PERFECT SKIN

Aniston echoed Ellenberg’s sentiment, adding that there is a soap-opera element associated with her “Friends” character Rachel, since fans and viewers feel like they know Rachel personally and can identify with all of her qualities and shortcomings.

“There’s a similarity to my life,” Aniston admitted. “I relate in ways of feeling like, when you don’t want to be seen, and you don’t want to go out of the house, and you want to just scream, and you don’t want to walk on a red carpet. I don’t want to stand behind a podium, I don’t want to have my photograph taken, I want to just cry today. You know?”

When asked if she felt she could have played this role at any other juncture in career, Aniston simply said, “No.”

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“I didn’t have the experience,” she added.

“The Morning Show” is billed as “an inside look at the lives of the people who help America wake up in the morning, exploring the unique challenges faced by the men and women who carry out this daily televised ritual.”

Apple has ordered two seasons of “The Morning Show,” which is slated to premiere on Nov. 1 on Apple TV+.

Fox News’ Brian Flood contributed to this report.

Westlake Legal Group ContentBroker_contentid-be442fc6271d4470bd5d5b2f7c569575 Jennifer Aniston says her ‘Morning Show’ character’s struggles draw parallels to her life: ‘I just want to cry’ Julius Young fox-news/person/jennifer-aniston fox news fnc/entertainment fnc article 32ea3d58-975d-5665-91dc-1455555370cf   Westlake Legal Group ContentBroker_contentid-be442fc6271d4470bd5d5b2f7c569575 Jennifer Aniston says her ‘Morning Show’ character’s struggles draw parallels to her life: ‘I just want to cry’ Julius Young fox-news/person/jennifer-aniston fox news fnc/entertainment fnc article 32ea3d58-975d-5665-91dc-1455555370cf

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Trump Administration Officials Arrested for Scamming Puerto Rico Out of $1.8 Billion in Hurricane Relief Funds

Westlake Legal Group 7Ds8nO3CJmiVysWQA5CQBNOTQt6PJw-w3_mBcTujJFk Trump Administration Officials Arrested for Scamming Puerto Rico Out of $1.8 Billion in Hurricane Relief Funds r/politics

The DOJ notes:

From October 2017 to April 2019, Tribble and Ellison developed a personal relationship wherein Ellison provided Tribble with things of value with the intent to influence Tribble’s performance of official acts. Ellison provided Tribble with personal helicopter use, hotel accommodations, airfare, personal security services, and the use of a credit card. As part of Ellison’s pattern of providing things of value to Tribble, he also secured employment within COBRA’s affiliated companies for her friend, defendant Patterson. In exchange, Tribble performed official acts, including influencing, advising, and exerting pressure on PREPA and FEMA officials, in order to award restoration work to COBRA and accelerate payments to COBRA

Michael Harriot (The author)

Now I’m sure this was probably a coincidence, but somehow, this brand new utility company got a $200 million contract to rebuild Puerto Rico’s power grid four days after they made their bid. And then Tribble doubled it to $455 million. A few weeks later, she doubled it again to $945 million. And, because shady people don’t usually practice restraint, they doubled it again, until the contract reached $1.8 billion, the Associated Press reports. The people of Puerto Rico probably wouldn’t have been bothered by this except for one reason:

The power kept going out.

They had one job.

Looks like more people funneling government money into their own coffers. I guess if they see their boss is okay to do it, then why cant they?

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Jordan Peele Selected To Receive BAFTA LA’s Britannia Award For Directing

Westlake Legal Group 5d792cc1240000d32677d424 Jordan Peele Selected To Receive BAFTA LA’s Britannia Award For Directing

Jordan Peele has been selected to receive a Britannia Award, the highest accolade presented by the British Academy of Film and Television Arts Los Angeles.

The “Us” writer-director will be honored with the John Schlesinger Britannia Award for Excellence in Directing, the academy announced on Wednesday. Peele joins other stars who will be honored at the Britannia Awards ceremony on Oct. 25, including Jane Fonda, Jackie Chan, Phoebe Waller-Bridge and Steve Coogan.

Chantal Rickards, BAFTA LA CEO, recognized Peele for pushing boundaries and for shining “a light on stories of important social relevance.”

“His imaginative storylines, inclusive casting, and bold style evokes John Schlesinger’s spirit of independence, integrity and commitment to excellence,” Rickards continued. “We are honored to celebrate Jordan’s talents at this year’s ceremony.”

Last year, Peele became the first Black filmmaker to win an Oscar for Best Original Screenplay, for his 2017 social thriller, “Get Out.”

His box office record-breaking horror film, “Us,” released in March, boasted the largest weekend ever for an original horror film, according to Variety.

Oscar-winning actress Lupita Nyong’o, who starred in “Us,” shared with Rolling Stone earlier this year what it was like working with Peele.

“I thoroughly enjoyed being a part of the realization of Jordan’s imagination,” she said during the interview. “One of the things that makes him an extremely incredible director is how compassionate he is, and he has incredible communication skills.”

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A Hong Kong-London Stock Exchange Bid Ties 2 Cities in Turmoil

Westlake Legal Group 11hklondon-facebookJumbo A Hong Kong-London Stock Exchange Bid Ties 2 Cities in Turmoil Stocks and Bonds Refinitiv Ltd Mergers, Acquisitions and Divestitures London Stock Exchange London (England) Hong Kong Stock Exchange Hong Kong Exchanges and Clearing Ltd Hong Kong Great Britain

LONDON — Stock exchanges are potent national symbols of capitalistic clout, and a surprise offer on Wednesday by Hong Kong’s exchange to acquire its London competitor is likely to set off a transcontinental tug of war.

If it came to fruition, the Hong Kong Stock Exchange’s unsolicited $36.6 billion bid for the London Stock Exchange would create a market juggernaut, pairing the pre-eminent exchanges in Europe and Asia and creating an emboldened rival to challenge the leading United States exchanges.

Hong Kong officials said on Wednesday that fusing the two exchanges would allow companies and investors to profit from a common platform for trading stocks and bonds that would be open 18 hours a day.

But the proposed deal comes at a time of wrenching economic, political and social turmoil in Britain and Hong Kong that is jeopardizing their standings as regional financial hubs.

In Hong Kong, China’s efforts to assert control over the semiautonomous territory have provoked weeks of angry protests. And in Britain, the government is in turmoil over plans to exit the European Union in a way that could deflate the economy.

The Hong Kong offer would require Britain to cede a corporate crown jewel — one whose roots trace back to 1571 — at a time when London’s centuries-long status as a leading financial capital is already in doubt because of Brexit.

Britain has been more open to investment from China and Hong Kong than other Western countries have. Li Ka-shing, the Hong Kong tycoon, has invested in British infrastructure for years, and London has been slow to bend to Washington’s pressure not to use equipment from Huawei, the Chinese maker of telecom gear. But the Hong Kong protests have brought questions of Chinese influence to the fore.

The Chinese government is the largest shareholder of the Hong Kong exchange, with the right to name six of its 13 board members, and Beijing’s responses to the antigovernment demonstrations in Hong Kong are likely to lead British officials to closely scrutinize the deal for any signs of Chinese government influence. Britain’s business minister, Andrea Leadsom, said in a Bloomberg Television interview on Wednesday that regulators would “look very carefully at anything that had security implications for the U.K.”

Previous foreign takeovers of British companies have been derailed or delayed on similar grounds, such as a proposed takeover last year of Northern Aerospace by a Chinese rival. The British government announced plans last year to significantly toughen its scrutiny of foreign takeovers, with a particular eye on those coming from China.

Hong Kong’s proposed takeover is the latest piece of a decade-long rush toward consolidation of stock exchanges around the world, as they try to fend off both upstart competitors and new technology that threatens traditional market exchanges with obsolescence.

Both the Hong Kong and the London exchanges have sought merger partners. They and others are crossing borders to better appeal to companies that no longer necessarily see one country as their home. American executives, for example, regularly travel to Asia to try to persuade fast-growing private companies to list their shares in the United States, rather than Hong Kong or Tokyo.

Stock exchanges have been transformed as a result. In the United States, both the New York Stock Exchange and the Nasdaq Stock Market are now part of broader, more global companies.

The London Stock Exchange Group in particular has been the object of desire for other exchanges: Deutsche Börse and the Toronto Stock Exchange have both tried and failed at takeovers in the past decade.

Trying to bolster its standing as an independent company, the London exchange last month agreed to buy the data provider Refinitiv for $27 billion. That pending deal makes the Hong Kong bid even more of a long shot because it would make the London Stock Exchange bigger than its Asian rival.

The Hong Kong company’s takeover interest caught the management of the London Stock Exchange by surprise.

Executives at the two exchanges met on Monday in what British executives figured would be a casual discussion about the state of their industry, according to people with knowledge of the matter.

Instead, the Hong Kong officials declared that they wanted to buy the London exchange for nearly $37 billion.

Less than 48 hours later, the Hong Kong company made its offer public, hoping to cause a swell of support for the deal from the London Stock Exchange’s shareholders.

Under the terms of the offer, the Hong Kong company would pay cash and stock worth about 8,361 pence per share as of Sept. 10’s stock prices, a 23 percent premium to where the London exchange’s company had been trading.

British takeover rules now say that the Hong Kong exchange has 28 days to either make a firm acquisition offer for the London Stock Exchange or walk away.

For now, it is unclear what will happen. Shares in the London Stock Exchange Group rose 6.6 percent on Wednesday, to 7,254 pence. That remains below the Hong Kong exchange’s offer, suggesting skepticism from the London company’s shareholders that a deal will come to pass.

The London exchange said in a statement that it would consider the unsolicited offer from its Hong Kong counterpart but remained committed to completing its $27 billion deal to buy Refinitiv. That transaction would thrust the London exchange deeper into the business of selling and managing market data, a business that has grown in prominence and profitability for exchanges.

But proponents of the Hong Kong offer are likely to argue that becoming part of a European-Asian giant is a surer business bet than buying Refinitiv, which has long lagged Bloomberg L.P. in the market data industry.

Charles Li, the chief executive of the Hong Kong exchange’s parent company, said on a conference call with the media on Wednesday that the Refinitiv transaction helped push his company to hastily move forward with a bid. “We know we were late,” he said. “We don’t want to be late again.”

The offer comes at a politically turbulent time for both exchanges’ home bases. The British government remains paralyzed by questions about how the country should leave the European Union, while the business community remains in the dark about what Brexit would mean for London’s place on the business world stage.

At the same time, Hong Kong has been torn by mass demonstrations over what protesters see as a more assertive hand by Beijing in what is meant to be a semiautonomous region of China, operating under its own laws, which international businesses and investors find attractive compared with conditions on the mainland.

On Wednesday, Mr. Li rejected the idea that the Hong Kong exchange would want to loosen its ties to the mainland. He noted London’s ambition to become a global center for trading in the renminbi, the Chinese currency, and said the Hong Kong exchange could help fulfill that. Beijing heavily restricts the currency from crossing its borders, but some Chinese officials have openly discussed a day when the world might use the renminbi as commonly as it uses the American dollar, which would give China greater say in the global financial system. Should London become a hub for renminbi use, more Chinese companies and investors would consider the city an even more attractive place to do business.

Mr. Li dismissed concerns about a China-owned company buying a British icon. He noted that Hong Kong Exchanges and Clearing has owned the London Metal Exchange for seven years, investing in the British platform and keeping it free from Chinese management.

“We are not a Chinese company, and we are not even a simple Hong Kong company,” Mr. Li said. “We are a global company.”

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