<ul class="summary-list"><li>Abraham Lincoln pardoned President Joe Biden's great-great-grandfather, Moses J. Robinette, in 1864.</li><li>Robinette was convicted after a fight with an army colleague during the Civil War, documents show.</li></ul>President Joe Biden's former boss, ex-President Barack Obama, used to say that his favorite American president was <a target="_blank" href="https://www.businessinsider.com/abraham-lincoln-daily-routine-2018-2">Abraham Lincoln</a>, who kept the nation from splintering during the Civil War. But, on this <a target="_blank" href="https://www.businessinsider.com/guides/deals/best-presidents-day-sales-2024">Presidents Day</a>, Biden may have a reason to show Lincoln some gratitude.Indeed, Lincoln, the country's 16th commander in chief, <a target="_blank" href="https://www.businessinsider.com/most-controversial-presidential-pardons-commutations-in-us-history-2023-4">pardoned </a>Biden's great-great-grandfather, US Army employee Moses J. Robinette, after he was caught up in an altercation on a Union Army base in 1864, <a target="_blank" href="https://www.washingtonpost.com/history/2024/02/19/abraham-lincoln-joe-biden-pardon-presidents-day/">according to a Washington Post report</a>. Robinette was sentenced to two years hard labor in a Florida military prison for his role in the fight with a colleague, the Post reported, citing a transcript of Robinette's military trial — until Lincoln stepped in and set him free.Robinette was serving as a civilian veterinary surgeon in the Army of the Potomac during the <a target="_blank" href="https://www.businessinsider.com/new-us-civil-war-wont-look-like-last-one-historians-2022-8">Civil War</a> when, on the evening of March 21, 1864, he got into a verbal altercation with another civilian employee, John J. Alexander. The shouting match turned physical, and eventually, Robinette injured Alexander with his pocketknife, according to the Post.The camp's watchmen arrested Robinette. He was charged with intoxication, causing a "dangerous quarrel," disturbing military discipline and order, and — as a result of the knife wounds — making an "attempt to kill." A military court convicted Robinette of all charges except the "attempt to kill" charge and sentenced him to the two-year prison sentence in Florida as punishment.Three Army officers petitioned Lincoln to overturn Robinette's conviction. After a senator from the recently formed state of West Virginia took up the case, Lincoln pardoned Biden's ancestor on September 1, 1864. The War Department issued Special Order No. 296, and Robinette was released, returning to his family's farm in Maryland.<h2>Newly discovered docs</h2>The Post's account of these events is based on a 22-page transcript unearthed by David Gerleman, a history instructor at George Mason University in Virginia, who discovered the document at the <a target="_blank" href="https://www.businessinsider.com/national-archives-tells-former-presidents-vps-search-for-classified-documents-2023-1">National Archives</a> in Washington, DC. The surprise pardon by Lincoln represented a reversal of Robinette's fortunes up until that point after he'd endured a pretty dismal time during the war. In 1861, when the war kicked off, Robinette operated a hotel in Grafton, Virginia. The area, now in West Virginia, was full of Union supporters and became a key early battleground of the war. Union soldiers destroyed Robinette's hotel, and his wife Jane died early in the war. The Post said Robinette fled with his children to other relatives in Allegany County, Maryland.By 1863, he was hired to help care for the ammunition pack horses and mules of the Army of the Potomac's reserve artillery. That assignment led Robinette to his scuffle with Alexander, who was serving as a brigade wagon master in the Army's winter camp on the bank of Virginia's Rappahannock River.Alexander is said to have confronted Robinette after overhearing Robinette badmouthing him to a female cook. The argument devolved into a physical fight, according to the transcript. First, both participants brandished their fists. Then, Robinette took out his pocket knife.Afterward, Robinette claimed he was only acting in self-defense and "had no malice towards Mr. Alexander before or since." In a letter the three Army officers sent encouraging Lincoln to overturn Robinette's conviction, they claimed he was merely "defending himself" against an adversary far larger and stronger than he was.Ultimately, Robinette waited three months between being charged and convicted. He went on to spend one month in the military prison at Fort Jefferson in the Dry Tortugas, near Key West, Florida, before Lincoln pardoned him.Now, Robinette's direct descendant is sitting in Lincoln's old seat.

A lost 22-page transcript discovered at the National Archives reveals the secret history of how Abraham Lincoln pardoned Joe Biden's ancestor 

<ul class="summary-list"><li>In 1863, <keyword id="12075073" type="UNKNOWN" weightage="60" keywordseo="abraham-lincoln" source="Orion">Abraham Lincoln</keyword> enacted a plan to resettle 453 freed Black Americans to a Haitian island.</li><li>Lincoln viewed colonization as a way to free Black Americans — but keep them apart from white society.</li></ul>On New Year's Eve 1862, a day before he issued the Emancipation Proclamation to end slavery in America, President Abraham Lincoln signed a contract agreeing to relocate 5,000 free Black Americans to the Caribbean.Lincoln had long been a staunch supporter of colonization, the state-sponsored emigration and resettlement of freed Black Americans outside America. Colonization was widely supported throughout the antebellum United States for religious, economic, and social reasons. Lincoln saw it as a remedy for emancipated Black Americans, <a href="https://books.google.com/books?id=Y0lYrBYSOAQC&amp;pg=PT291&amp;lpg=PT291&amp;dq=in+restoring+a+captive+people+to+their+long-lost+father-land,+with+bright+prospects+for+the+future&amp;source=bl&amp;ots=PyGntDk_UA&amp;sig=ACfU3U2wRgVP-t4TddPLGlP9-NPVuYpLOQ&amp;hl=en&amp;sa=X&amp;ved=2ahUKEwiVsJW9n4j5AhXFrIkEHbIyDYMQ6AF6BAgCEAM#v=onepage&amp;q=in%20restoring%20a%20captive%20people%20to%20their%20long-lost%20father-land%2C%20with%20bright%20prospects%20for%20the%20future&amp;f=false">expressing</a> hope that they would find justice "in restoring a captive people to their long-lost father-land, with bright prospects for the future."Colonization was also seen by some politicians as a pragmatic solution for a country still embroiled in a civil war: It would satisfy those in the Confederate South who opposed emancipation and living alongside freed Black Americans.In his second annual message to Congress on December 1, 1862, Lincoln summoned the Union to abolish slavery and proposed a constitutional amendment to <a href="https://www.insider.com/annexation-of-santo-domingo-act-ulysses-grant-dominican-republic-2022-7">colonize Black Americans outside the US</a>. He sought plans to realize this vision, and received ones that would establish colonies of emancipated Black people in countries like New Granada and Liberia.When he heard about a plan for a colony on Île à Vache ("Cow Island"), a small island off the coast of Haiti, Lincoln was intrigued. But he had little idea that the endeavor would not only fail catastrophically — leading to the deaths of more than 100 freed Black Americans — but also snuff out his lifelong dream of colonization.<div type="image" title="Postcard honoring president Abraham Lincoln (1809 - 1865) for his Emancipation Proclamation freeing enslaved people, 1863." height="3741" width="5944" msid="93032561" hostid="261"></div><h2>The Île à Vache plan was the brainchild of a cotton planter</h2>Bernard Kock, an entrepreneur and Florida cotton plantation owner, spied a business opportunity when he visited the 1862 World Fair in London. Impressed by the quality of cotton he saw at the fair, Kock conceived a plan to develop Île à Vache into a cotton farm by sending newly emancipated Black Americans there.<div type="image" title="Bernard Kock's proposal to Abraham Lincoln, Wednesday, October 01, 1862" height="1591" width="1281" msid="93032563" hostid="261"></div>Each family would receive homes, access to hospitals and schools, and be given 16 acres of land and their wages after the completion of four-year work contracts, according to Kock's plan.One month before he signed the Emancipation Proclamation, Lincoln agreed to terms with Kock, which included $600,000 in funds authorized by Congress. Colonization would ultimately be voluntary for those who resettled, but it was strongly encouraged by Lincoln, Kock, and other supporters. Plans for the first government-run colonization were set in motion.<h2>Black and white abolitionists opposed colonization</h2>Lincoln's proposals for colonization faced major opposition from Black and white abolitionist groups."Shame upon the guilty wretches that dare propose, and all that countenance such a proposition," Frederick Douglass <a href="https://diplomacy.state.gov/u-s-diplomacy-stories/the-diplomatic-career-of-frederick-douglass/">wrote</a> in his newspaper "The North Star" in 1849. "We live here — have lived here — have a right to live here, and mean to live here."William Loyd Garrison, a prominent white abolitionist and journalist, <a href="https://www.jstor.org/stable/273703">denounced</a> the plans as "puerile, absurd, illogical, impertinent, and untimely."Animosity reached a fever pitch on August 14, 1862, when Lincoln met with a committee of five Black leaders at the White House."You and we are different races. We have between us a broader difference than exists between almost any other two races," Lincoln <a href="https://www.cambridge.org/core/books/abs/lincoln/address-on-colonization-to-a-committee-of-colored-men/8B18F5967ED438E96FD018E880C2FFDD#:~:text=Wehave%20between%20us%20a%20broader,ours%20suffer%20from%20your%20presence.">told</a> them, only sparking further outcry and rebuke from opponents.<h2>The Île à Vache experiment quickly proved to be disastrous </h2>There were early red flags with the Île à Vache endeavor. An investigation into Kock in early January suggested he'd used deceptive business practices in prior ventures. The US Commissioner in Haiti also told the Lincoln administration that Kock was an unpopular figure in Port-au-Prince, and that he hadn't heard of any progress in constructing the settlement.Lincoln formally rescinded Kock's contract on April 16, 1863, but it was too late.Two days earlier on April 14, more than 450 Black settlers boarded a ship to Île à Vache, excited to leave former Confederate territory for what they had been told would be a better life.But disaster struck swiftly: A bout of smallpox killed at least 25 settlers at sea. When they arrived on the island, they found no reasonable shelter and had to construct crude huts. Kock, who became the overseer of the island, instituted a strict "no work, no rations" policy that echoed the antebellum era. Disease and starvation quickly followed.The settlers mutinied three months later, and Kock fled the island while the Haitian government dispatched military to maintain order.Finally on February 1, 1864, amid escalating media reports that railed against the project, Lincoln ordered for a naval vessel to rescue the settlers. A month later, a ship carried the 350 surviving emigrants back to America.<div type="image" title="Cartoon of Abraham Lincoln feeding a bedridden Black enslaved man with bowl of emancipation circa 1873." height="4664" width="5661" msid="93032564" hostid="261"></div><h2>The failed experiment had lasting effects on America</h2>The disastrous Île à Vache experiment ultimately put an end to Lincoln's strident advocacy of colonization — one of the Great Emancipator's more controversial legacies."I am glad the President has sloughed off that idea of colonization. I have always thought it a hideous &amp; barbarous humbug," John Hay, Lincoln's personal secretary, <a href="https://books.google.com/books?id=AdIYEAAAQBAJ&amp;pg=PT71&amp;lpg=PT71&amp;dq=I+am+glad+the+President+has+sloughed+off+that+idea+of+colonization.+I+have+always+thought+it+a+hideous+%26+barbarous+humbug&amp;source=bl&amp;ots=yyS-Zfh63M&amp;sig=ACfU3U1JuZ-L3VjtudxAKa-EMUnqMb10LQ&amp;hl=en&amp;sa=X&amp;ved=2ahUKEwi2gsnE-4n5AhU_kYkEHZDiAB4Q6AF6BAgCEAM#v=onepage&amp;q=I%20am%20glad%20the%20President%20has%20sloughed%20off%20that%20idea%20of%20colonization.%20I%20have%20always%20thought%20it%20a%20hideous%20%26%20barbarous%20humbug&amp;f=false">wrote</a> in his diary.While Île à Vache was a disastrous failure that led to the deaths of more than 100 freed African Americans, some historians see it as a pivotal moment for American history. After the experiment, Lincoln abandoned his quest for colonization and instead embraced policies of Black inclusion and assimilation."The incident on Île à Vache, while undeniably a tragic and preventable event, proved a retrievable mistake through the negation of an unfeasible and unpopular solution to racial questions, replaced by subsequent transformation toward a more integrated future," Graham Welch, a historian and attorney, <a href="https://cupola.gettysburg.edu/gcjcwe/vol4/iss1/5/">wrote</a>.

In 1863, Abraham Lincoln relocated 453 freed Black Americans to a Haitian island as a part of an 'experiment.' The plan failed catastrophically.

<img class="gwt-Image" src="/photo/31337600.cms" />Style and luxury are synonymous with stardom. While style comes naturally to them (at least to most of them), luxury is an acquired virtue, thanks to their fat pay cheques. As we all know, the easiest way to flaunt one’s riches (and also make a style statement) is to get a swanky set of wheels. Here’s a look at the hottest cars that your favourite stars own and drive. 
 
1. <keyword id="6357912" type="PERSON" weightage="40" keywordseo="amitabh-bachchan">Amitabh Bachchan</keyword> When you are the Bachchan, you just can’t settle for an ordinary life. A <keyword id="46484" type="COMPANY" weightage="40" keywordseo="Rolls-Royce">Rolls-Royce</keyword> Phantom priced at a whopping Rs 4.5 crore-plus is what the mega star drives. Other cars owned by Big B include a <keyword id="1120831" type="PERSON" weightage="40" keywordseo="Bentley-Continental-GT">Bentley Continental GT</keyword>, a Range Rover, a <keyword id="6415837" type="CITY" weightage="40" keywordseo="Lexus">Lexus</keyword> LX470, a Mercedes SL500, a <keyword id="-213" type="UNKNOWN" weightage="40" keywordseo="Porsche-Cayman">Porsche Cayman</keyword> S, a Mercedes E 240, a <keyword id="6355119" type="CITY" weightage="40" keywordseo="BMW">BMW</keyword> <keyword id="430920" type="UNKNOWN" weightage="40" keywordseo="X5">X5</keyword>, a BMW 7 Series and a Mercedes S320. Impressive – isn’t it? 
 
2. <keyword id="1655" type="PERSON" weightage="40" keywordseo="Priyanka-Chopra">Priyanka Chopra</keyword> ‘Exotic’ Priyanka Chopra has recently got herself an equally exotic Rolls-Royce that reduced her bank balance by more than Rs 2 crore. But that’s not the end of PeeCee’s luxury shopping. The lady also wants to get the car customised and hence, she’ll get to drive the beauty later this month. PC also owns a <keyword id="557503" type="ORGANIZATION" weightage="40" keywordseo="Porsche-Cayenne">Porsche Cayenne</keyword> and a Mercedes S Class. 
 
3. <keyword id="6354583" type="PERSON" weightage="40" keywordseo="Salman-Khan">Salman Khan</keyword> Given a chance, Salman doesn’t mind pedalling a cycle. But the latest addition to his collection of wheels is a limited edition luxury bike. And the blue-coloured <keyword id="6911" type="CITY" weightage="40" keywordseo="suzuki">Suzuki</keyword> Intruder M1800RZ cost him Rs 13.75 crore. Other gems in Salman’s collection of wheels include BMW X6, <keyword id="47099" type="UNKNOWN" weightage="40" keywordseo="Audi-Q7">Audi Q7</keyword>, <keyword id="6363321" type="CITY" weightage="40" keywordseo="Audi">Audi</keyword> A 8, Range Rover and a Suzuki Hayabusa sports bike. 
 
4. <keyword id="562349" type="PERSON" weightage="40" keywordseo="Parineeti-Chopra">Parineeti Chopra</keyword> 
She’s surely turning heads with her performance. And she can proudly say the same about her wheels, too! The enigmatic Parineeti has recently got herself a Jaguar. At 25, life just can’t get any better for this Ishaqzaadi! 
 
5. <keyword id="4546" type="PERSON" weightage="40" keywordseo="Shah-Rukh">Shah Rukh</keyword> Khan Stylish, suave and super rich – that’s Shah Rukh for you. To suit his persona, King Khan owns an Audi Q6, a <keyword id="678030" type="PERSON" weightage="40" keywordseo="Bentley-Continental">Bentley Continental</keyword> GT, a BMW 7 Series and a 6 Series, a BMW Convertible, a <keyword id="6427662" type="CITY" weightage="40" keywordseo="Mitsubishi">Mitsubishi</keyword> Pajero SUV and a Rolls-Royce Phantom. Phew! That’s quite a list. 
 
6. <keyword id="6357860" type="PERSON" weightage="40" keywordseo="Anushka-Sharma">Anushka Sharma</keyword> Now, the car that Anushka drives is quite different from her personality. The otherwise delicate and perky beauty is often spotted zooming around in a Range Rover (with <keyword id="6354486" type="PERSON" weightage="40" keywordseo="Virat-Kohli">Virat Kohli</keyword>). 
 
7. <keyword id="6355923" type="PERSON" weightage="40" keywordseo="Aamir-Khan">Aamir Khan</keyword> 
Mr Perfectionist, who is working hard for the launch of the second season of his TV series called Satyamev Jayate, owns a Rolls-Royce Ghost. The beauty costs more than Rs 3 crore. 
 
8. <keyword id="499" type="PERSON" weightage="40" keywordseo="abhishek-bachchan">Abhishek Bachchan</keyword> 
Bachchan Jr. may not be enjoying a good run at the Box Office, but the star is definitely enjoying his life. The Dhoom guy has added a pristine white Audi 8 to his coupe collection. Buzz was rife that Papa Abhishek booked this beauty worth Rs.1.7 crore for daughter <keyword id="971577" type="UNKNOWN" weightage="40" keywordseo="Aaradhya">Aaradhya</keyword> and got it customised as well. 
 
9. <keyword id="598" type="PERSON" weightage="40" keywordseo="Deepika-Padukone">Deepika Padukone</keyword> The latest ‘big’ thing of <keyword id="143" type="CITY" weightage="40" keywordseo="Bollywood">Bollywood</keyword>, Deepika Padukone has recently added yet another machine to her fleet of cars. And this time, it is a swanky Audi. 
 
10. <keyword id="6357861" type="PERSON" weightage="40" keywordseo="ranbir-kapoor">Ranbir Kapoor</keyword> 
The Kapoor scion is often spotted zipping around the town in his saucy and sexy red Audi A8. During his Deepika Padukone days, he used to drive a giant white Range Rover. 
 
11. <keyword id="333" type="PERSON" weightage="40" keywordseo="Saif-Ali-Khan">Saif Ali Khan</keyword> Soaking in the spirit of marital bliss, Saif Ali Khan was recently spotted driving an <keyword id="529178" type="UNKNOWN" weightage="40" keywordseo="Audi-R8">Audi R8</keyword> Spyder. What a choice! Perfect ‘red’ to pamper your style, Nawab of Pataudi! 
 
12. <keyword id="6354967" type="PERSON" weightage="40" keywordseo="John-Abraham">John Abraham</keyword> Newly married John is well known for his love for girls… err we mean bikes. But the recent purchase made by the muscle man is not only a drool-worthy bike but something equally eye-popping. In a bid to grab the perfect machine that will suit this macho, John has bought a 2013 <keyword id="75789" type="COMPANY" weightage="40" keywordseo="Lamborghini">Lamborghini</keyword> Gallardo. The avid biker already has an enviable collection of power machines including <keyword id="48197" type="COMPANY" weightage="40" keywordseo="Yamaha">Yamaha</keyword> R1, Kawasaki ZX Ninja, Suzuki Hayabusa and Yamaha Raven.

12
Bollywood Stars Whose Luxe Cars Will Knock You Out

<ul class="summary-list"><li>The US announced the deployment of USS Gerald R. Ford Carrier Strike Group to the eastern Mediterranean on Sunday amid a major crisis in Israel.</li><li>The USS Gerald R. Ford is the US Navy's newest aircraft carrier and is on its first full deployment.</li></ul>The Navy's newest and most advanced aircraft carrier's first full deployment took an unexpected twist as the US announced that the ship and its strike group are headed to the eastern Mediterranean amid a growing crisis in Israel.US Defense Secretary Lloyd Austin <a href="https://www.businessinsider.com/us-moves-carrier-group-capable-of-firing-guided-missiles-to-israel-2023-10">said</a> Sunday that the USS Gerald R. Ford Carrier Strike Group is moving toward Israel as a show of support for one of its closest allies — and overall the biggest recipient of US military aid — after a shock attack by Hamas killed more than 700 people. Austin added that the US would be "rapidly providing the Israel Defense Forces with additional equipment and resources, including munitions," with the first assistance arriving in the coming days. The USS Gerald R. Ford Carrier Strike Group headed toward Israel includes the aircraft carrier itself, the Ticonderoga-class guided missile cruiser USS Normandy, and the Arleigh-Burke-class guided missile destroyers USS Thomas Hudner, USS Ramage, USS Carney, and USS Roosevelt. The US is also augmenting American airpower in the region. <blockquote class="twitter-tweet blockquote" data-lang="en" data-cards="" data-conversation="undefined"> —USS Gerald R. Ford (CVN 78) (@Warship_78) <a href="https://twitter.com/mims/statuses/1711464244787495396?ref_src=twsrc%5Etfw">October 9, 2023</a> </blockquote>Suddenly being called to respond to a serious international crisis is relatively new territory for the Ford, which set sail on its first full deployment only a few months ago, but it is the sort of thing the US carrier force does regularly. This tasking speaks to the longtime function of aircraft carriers as symbols of American military might and deterrents in periods characterized by heightened tensions.Coming into the area in the wake of Hamas' devastating attack on Israel and Israel's declaration of war on Hamas, the USS Gerald R. Ford is likely to fulfill both roles. <div type="image" title="Planes and helicopters are seen on the flight deck of the USS Gerald R. Ford CVN-78 in the Atlantic Ocean on Oct. 7, 2022." height="2000" width="3000" msid="104293823" hostid="261"></div>The USS Gerald R. Ford is a new, advanced, <a href="https://www.businessinsider.com/navy-aircraft-carrier-uss-gerald-r-ford-ready-to-deploy-2022-9">first-in-class</a> US Navy supercarrier which was commissioned over five years ago and has been in the making for over a decade. Its hefty price tag in excess of $13 billion was majorly bloated by timeline setbacks and technological integration issues, making it the target of fierce criticism up until its short, somewhat irregular maiden deployment last year, which was seen by some as more of a sea trial than a true deployment. That marked the first time a first-in-class US Navy supercarrier had been deployed in almost 50 years.The carrier is, as other outlets have <a href="https://apnews.com/article/israel-hamas-american-carrier-strike-force-mediterranean-db05d535a9ebb931f684f758c9b6f628" target="_blank" rel="noopener">noted</a>, currently on its <a href="https://www.businessinsider.com/navy-carrier-uss-gerald-ford-deploys-after-years-of-delays-2023-4">first full deployment</a> as part of a fully certified carrier strike group, which has mostly involved exercises with partners and calls in friendly ports. Its new tasking is something of a deviation from the norm.Part of the <a href="https://www.businessinsider.com/navy-carrier-uss-gerald-ford-deploys-after-years-of-delays-2023-4">carrier's cost and delays</a> can be attributed to its <a href="https://www.businessinsider.com/top-admiral-navy-too-much-new-tech-aircraft-carrier-ford-2021-8">nearly two dozen new technologies</a>. This includes the Electromagnetic Aircraft Launch System and Advanced Arresting Gear, both of which are more efficient and launch fixed-wing aircraft more smoothly and faster than their predecessors aboard the Nimitz-class carriers.The USS Gerald R. Ford also features a new elevator system — which had plenty of problems during the integration process — designed to deliver larger and more complex munitions quicker, as well as a Dual Band Radar system capable of operating in two frequency ranges and two newly designed A1B nuclear reactors that can generate almost three times more power than their predecessors. This new technology significantly bolsters the capabilities of the ship, making it the crowned jewel of the US Navy's aircraft carriers and a major force as it sails in to provide support amid the crisis unfolding in Israel. <div type="image" title="The world's largest aircraft carrier USS Gerald R. Ford (CVN 78), the Blue Ridge-class command ship USS Mount Whitney (LCC 20), Italian navy aircraft carrier ITS Cavour (C 550), TS Ciao Duilio (D 554), ITS Virginio Fasan (F 591), and the Ticonderoga-class guided-missile cruiser USS Normandy (CG 60) transit the Ionian Sea, Aug. 20, 2023." height="3571" width="5357" msid="104293824" hostid="261"></div>The US Navy <a href="https://www.navy.mil/Resources/Fact-Files/Display-FactFiles/article/2169795/aircraft-carriers-cvn/#:~:text=Aircraft%20carriers%20also%20provide%20unique,is%20routed%20quickly%20and%20safely.">refers</a> to aircraft carriers as "the centerpiece of America's Naval forces — the most adaptable and survivable airfields in the world," highlighting their operational importance and versatility. "Often the presence of an aircraft carrier has deterred potential adversaries from striking against U.S. interests," the Navy notes. "Aircraft carriers support and operate aircraft that engage in attacks on airborne, afloat and ashore targets that threaten free use of the sea and engage in sustained power projection operations in support of U.S. and coalition forces."That's long been the case, and there have been plenty of recent examples of the US challenging its rivals and adversaries around the world and messaging with its carriers.In early January 2021, for instance, the US Navy nuclear-powered aircraft carrier USS Nimitz was returning home from a lengthy 10-month deployment when the Pentagon abruptly ordered the ship to <a href="https://www.businessinsider.com/pentagon-changes-aircraft-carriers-orders-issues-warning-to-iran-2021-1">"remain on station"</a> in the Middle East in response to "recent threats issued by Iranian leaders against [then] President Trump and other US government officials."The original plan to send the Nimitz home was intended to de-escalate tensions with Iran, but its re-deployment was clearly intended to remind Iran of US naval might. In February 2021, the Theodore Roosevelt Carrier Strike Group and the Nimitz Carrier Strike Group <a href="https://www.businessinsider.com/us-navy-two-carrier-strike-groups-south-china-sea-2021-2">conducted dual carrier operations</a> in the South China Sea, the latest in a series of US naval movements in the area and Taiwan Strait at that time that sent a message to China.And back in April 2019, the US Navy deployed two carrier strike groups — the Nimitz-class aircraft carriers USS Abraham Lincoln and USS John C. Stennis, as well as their combined forces of more than 130 aircraft, 10 ships, and 9,000 sailors and Marines — to <a href="https://www.businessinsider.com/2-us-aircraft-carriers-in-the-mediterranean-send-russia-a-message-2019-4">send an unmistakable message to Russia</a>, which had been expanding its presence in the Mediterranean since 2015, when Russian military forces joined with Damascus in Syria.These are just a few of a number of such examples. Carrier USS Gerald R. Ford has been operating in the Mediterranean Sea since June as part of a continuous tasking of Navy carriers to the region since Russia's invasion of Ukraine. It is the third, after USS George H.W. Bush and USS Harry S. Truman, to sail into these waters since the February 2022 assault, <a href="https://news.usni.org/2023/06/15/uss-gerald-r-ford-enters-mediterranean-sea" target="_blank" rel="noopener">per</a> USNI News.<div type="image" title="F-18 jet fighters are seen on the flight deck of USS Gerald R. Ford, on November 17, 2022 in Gosport, England." height="4684" width="7518" msid="104293825" hostid="261"></div>With the Gerald R. Ford moving toward Israel, the US is sending its most capable, if still green, aircraft carrier into the area, but it could still face challenges in dangerous waters, especially given the capabilities of some of the regions more hostile actors, such as Hezbollah and its anti-ship missiles.The unexpected conflict playing out between Israel and Hamas is only expected to get worse and could expand as other actors make threats and Israel looks to retaliate and turn up the pressure on entire Gaza Strip, home to roughly 2 million people, with a possible heavy and devastating ground assault. The deployment of the carrier strike group indicates US support for its ally during this serious crisis."Strengthening our joint force posture, in addition to the material support that we will rapidly provide to Israel, underscores the United States' ironclad support for the Israel Defense Forces and the Israeli people," Austin said on Sunday. "My team and I will continue to be in close contact with our Israeli counterparts to ensure they have what they need to protect their citizens and defend themselves against these heinous terrorist attacks."

The first full deployment of the US Navy's newest supercarrier and its strike group just took an unexpected turn with the crisis in Israel

<ul class="summary-list"><li>Milley and Esper spoke against Trump using troops to blunt the Floyd protests, per a new book.</li><li>Trump was intrigued with the idea of invoking the Insurrection Act, according to the book.</li><li>During the early days of the protests, Trump was concerned that the US appeared out of control.</li></ul>After George Floyd was <a href="https://www.insider.com/derek-chauvin-verdict-george-floyd-death-2021-4">killed</a> while in the custody of Minneapolis police in May 2020, millions of Americans poured into the streets to protest his death and call attention to racial injustice.In the immediate aftermath of Floyd's death, Trump summoned Gen. <keyword id="2182014" type="PERSON" weightage="60" keywordseo="Mark-Milley">Mark Milley</keyword>, Defense secretary <keyword id="4786381" type="PERSON" weightage="60" keywordseo="mark-esper">Mark Esper</keyword>, White House chief of staff Mark Meadows, and other advisors to find a way to end the protests.The president was <a href="https://www.nytimes.com/2020/05/31/us/politics/washington-dc-george-floyd-protests.html">incensed by a New York Times report</a> that he had been taken to a bunker as protests near the White House turned violent, thinking the news "made him appear scared and weak," according to <a href="https://www.washingtonpost.com/politics/2021/07/15/jan-6-i-alone-can-fix-it-book-excerpt/">a newly-released book</a> by the Washington Post reporters Carol D. Leonnig and Philip Rucker.To blunt the continued protests, Trump insisted that active-duty troops be used, which Milley, the Chairman of the Joint Chiefs of Staff, and Esper sought to eliminate as an option.Read more: <a href="https://www.businessinsider.com/trump-white-house-administration-maga-alumni-network-database-2021-7">Where is Trump's White House staff now? We created a searchable database of more than 327 top staffers to show where they all landed</a>When Trump mentioned the 1960s race riots to justify the use of troops to restore order, Milley threw cold water on the suggestion, part of a longer discussion that resulted in the president cursing out his top <keyword id="6359526" type="UNKNOWN" weightage="60" keywordseo="military">military</keyword> advisors, which Leonnig and Rucker detailed in "<a href="https://www.businessinsider.com/reviews/out?asin=0593298942&amp;platform=browser&amp;postSource=bi%7C60ee214ef1315a77a43d1336&amp;postTag=biauto-1569-20&amp;sc=false&amp;sessionid=1627191305889&amp;tag=bisafetynet2-20&amp;type=AMAZON-AFFILIATE-LINK&amp;u=https%3A%2F%2Fwww.amazon.com%2Fdp%2F0593298942%3Ftag%3Dbiauto-1569-20593298942%3Ftag%3Dbiauto-1569-20">I Alone Can Fix It: Donald J. Trump's Catastrophic Final Year</a>.""Mr. President, it doesn't compare anywhere to the summer of sixty-eight," Milley said, according to the book. "It's not even close."After senior advisor Stephen Miller chimed in to declare the protests as "an insurrection," Milley pointed to a portrait of former President Abraham Lincoln, who led the country through the American Civil War."Mr. President, that guy had an insurrection," Milley said, according to the book. "You don't have an insurrection. When guys show up in gray and start bombing Fort Sumter, you'll have an insurrection."Trump entertained the idea of invoking the Insurrection Act, which would let him deploy troops across the country to quell any civil disorder or insurrection, but Milley and Esper continued to fight against the idea.On June 1, Trump had grown angrier over the press coverage of the protests, urging governors and law enforcement to <a href="https://www.businessinsider.com/trump-tells-governors-most-of-you-are-weak-and-have-to-dominate-2020-6">"dominate"</a> the nationwide unrest."How do you think this looks to hostile countries?" Trump said, according to the book. "They see we can't even control our own capital city and the space around the White House!"After once again calling for troops, Esper said that the <keyword id="367961" type="ORGANIZATION" weightage="60" keywordseo="national-guard">National Guard</keyword> remained the best option to stop any unrest, but the president proceeded to slam on the Resolute Desk and told the Defense secretary that he wasn't done enough to solve the problem, according to the book.Trump sought to make Milley the leader of an operation to restore order, but after the general reiterated that he wasn't in an operational role, the president lost it.Read more: <a href="https://www.businessinsider.com/trump-white-house-administration-maga-alumni-network-database-2021-7">Where is Trump's White House staff now? We created a searchable database of more than 327 top staffers to show where they all landed</a>"You're all f---ed up," Trump said, according to the book. "Every one of you is f---ed up."Trump then looked at Vice President <keyword id="264959" type="PERSON" weightage="60" keywordseo="Mike-Pence">Mike Pence</keyword>, who had been a quiet observer, and directed his ire toward his No. 2."Including you!" the president said, according to the book.Later that day, Trump, along with Milley, Esper, and several other advisors, walked from the White House complex to nearby St. John's Episcopal Church.The <a href="https://www.businessinsider.com/official-who-cleared-trump-over-photo-op-uncomfortable-with-praise-2021-6">now-infamous photo op</a>, which showed the president holding a bible in front of the church after protestors were violently cleared from Lafayette Park, immediately attracted criticism. However, the inspector general for the Interior Department <a href="https://www.businessinsider.com/protesters-not-cleared-dc-park-trump-photo-op-watchdog-2021-6">determined</a> in June 2021 that the US Park Police and Secret Service did not clear the park for Trump's photoshoot, but to install anti-scale fencing.

'You're all f---ed up': Trump exploded after his officials warned against using military troops to end George Floyd protests, book says

<ul class="summary-list"><li>President <keyword id="6354484" type="PERSON" weightage="60" keywordseo="Donald-Trump">Donald Trump</keyword> announced the construction of a "National Garden of American Heroes" to honor iconic figures through history.</li><li>The president announced the <keyword id="944390" type="PERSON" weightage="60" keywordseo="executive-order">executive order</keyword> for the garden while railing against protesters who have in recent weeks pushed for cities and institutions across the US to topple <keyword id="6396736" type="UNKNOWN" weightage="60" keywordseo="monuments">monuments</keyword> to Confederate figures.</li><li>The executive order on the development listed at least 31 Americans who will be memorialized in a series of statues, none of which "will have lived perfect lives, but all will be worth honoring, remembering, and studying," the order said.</li></ul>President Donald Trump <a href="https://www.whitehouse.gov/presidential-actions/executive-order-building-rebuilding-monuments-american-heroes/">announced</a> on Friday that his administration will create a "National Garden of American Heroes" to honor iconic Americans through history as the US grapples with removing and renaming Confederate monuments and symbols across the country.During his remarks at the base of South Dakota's <keyword id="397216" type="CITY" weightage="60" keywordseo="Mount-Rushmore">Mount Rushmore</keyword> ahead of Independence Day, <a href="https://www.businessinsider.com/trump-statue-protesters-want-to-end-america-mount-rushmore-speech-2020-7">Trump railed against what he called "far-left fascism"</a> at play in anti-racism protests that have demanded US cities remove monuments and symbols of their Confederate ties. Trump said they were looking to "overthrow the American Revolution" and to "end America."The <a href="https://www.whitehouse.gov/presidential-actions/executive-order-building-rebuilding-monuments-american-heroes/">executive order</a> repeated Trump's disapproval of <a href="https://www.businessinsider.com/confederate-white-nationalist-monuments-removed-cities-2018-2">cities and institutions that have toppled or are considering removing offensive historical symbols</a>."My Administration will not abide an assault on our collective national memory," the executive order read. "In the face of such acts of destruction, it is our responsibility as Americans to stand strong against this violence, and to peacefully transmit our great national story to future generations through newly commissioned monuments to American heroes."The new series of lifelike statues will contain the likenesses of at least 31 Americans including civil-rights figures, Founding Fathers, and military heroes "who have contributed positively to America throughout our history."The full list of figures named in the executive order includes:<ul><li>John Adams</li><li>Susan B. Anthony</li><li>Clara Barton</li><li>Daniel Boone</li><li>Joshua Lawrence Chamberlain</li><li>Henry Clay</li><li>Davy Crockett</li><li>Frederick Douglass</li><li>Amelia Earhart</li><li>Benjamin Franklin</li><li>Billy Graham</li><li>Alexander Hamilton</li><li>Thomas Jefferson</li><li>Martin Luther King, Jr.</li><li>Abraham Lincoln</li><li>Douglas MacArthur</li><li>Dolley Madison</li><li>James Madison</li><li>Christa McAuliffe</li><li>Audie Murphy</li><li>George S. Patton, Jr.</li><li>Ronald Reagan</li><li>Jackie Robinson</li><li>Betsy Ross</li><li>Antonin Scalia</li><li>Harriet Beecher Stowe</li><li>Harriet Tubman</li><li>Booker T. Washington</li><li>George Washington</li><li>Orville and Wilbur Wright.</li></ul>"None will have lived perfect lives, but all will be worth honoring, remembering, and studying," the order said.The executive order established a task force that will be provided with funding and resources from the Department of the Interior. The task force has 60 days to submit a report including proposals for the garden's location.The National Garden is set to be open to the public by July 4, 2026, according to the White House.Though Confederate symbols are not a new target for protestors and civil-rights advocates, George Floyd's May 25 death in police custody sparked some of the largest protests ever seen in the US, which have earned Trump's ire through demanding changes to monuments, <a href="https://www.washingtonpost.com/national/mississippi-flag-confederacy-removed/2020/06/30/f47df152-baed-11ea-8cf5-9c1b8d7f84c6_story.html">flags</a>, and military bases. <a href="https://www.nytimes.com/2020/06/10/us/politics/trump-rejects-renaming-military-bases.html">Trump has rejected any possibility</a> of changing the names of military bases honoring Confederate generals, and <a href="https://www.cnn.com/2020/06/30/politics/donald-trump-vandals-statues-prison-fact-check/index.html">threatened anyone who vandalizes a statue in the US with 10 years in prison</a>. However, discussions over preserving ties to the Confederacy have sparked long-awaited changes in local fixtures like <a href="https://www.washingtonpost.com/national/mississippi-flag-confederacy-removed/2020/06/30/f47df152-baed-11ea-8cf5-9c1b8d7f84c6_story.html" target="_blank" rel="noopener noreferrer">Mississippi changing its state flag</a>.

Trump announced a 'National Garden' to honor 'American heroes.' Here's who he wants to memorialize.

<div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5bf5898d3815072c6a025aa4-1883/screen shot 2018-11-21 at 113427 am.png" border="0" alt="Gilead CEO John Milligan" data-mce-source="Screenshot via CNBC" data-mce-caption="Gilead CEO John Milligan" data-link="https://www.cnbc.com/video/2018/01/09/gilead-ceo-we-still-intend-to-invest-in-ma-and-our-pipeline.html" /><a href="https://www.cnbc.com/video/2018/01/09/gilead-ceo-we-still-intend-to-invest-in-ma-and-our-pipeline.html">Screenshot via CNBC</a>Gilead CEO John Milligan</div></div></div><ul class="summary-list"><li>Gilead CEO John Milligan said in July that he'll step down by the end of the year.</li><li>Four months later, the biotech company still hasn't announced his replacement.</li><li>According to RBC Capital Markets analyst Brian Abrahams, here's who could replace Milligan. </li></ul>It's been four months since Gilead Sciences CEO John Milligan said <a href="https://www.gilead.com/news/press-releases/2018/7/gilead-sciences-announces-ceo-john-f-milligan-to-step-down">he'd be stepping down</a> from the role at the end of the year.And so far, it's not clear who will pick up the torch after he departs. Gilead is <a href="https://www.gilead.com/research/pipeline">known for its HIV and hepatitis C medications</a>, and in 2017 it<a href="https://www.businessinsider.com/why-gilead-bought-kite-pharma-for-12-billion-2017-8"> acquired drugmaker Kite Pharma,</a> launching it into a cutting-edge area of cancer medicine. Read more: <a href="https://www.businessinsider.com/why-gilead-spent-12-billion-buying-kite-pharma-2017-8">Here's why Gilead broke its dealmaking hiatus and splurged $12 billion on a cancer treatment</a>With 2019 fast approaching, RBC Capital Markets biotech analyst Brian Abrahams posited a list of likely candidates for the job. "Our sense from speaking with investors is that a CEO with a strong history of successful business development would be particularly well received," Abrahams wrote in a note Tuesday. A spokeswoman for Gilead said there's no update on the search<h2>Here are the likely candidates:</h2><ul><li>Jennifer Teubert, Johnson &amp; Johnson's executive vice president and worldwide chairman for pharmaceuticals. Teubert has experience in HIV, infections diseases, cancer, and immunology - all areas of focus for Gilead. </li><li>Pascal Soriot, CEO of AstraZeneca. <a href="https://www.thetimes.co.uk/article/astra-zeneca-mulls-over-choice-of-successor-to-pascal-soriot-55k5bw56c">The Sunday Times reported in November</a> that the pharma giant has begun succession planning for Soriot.</li><li>Emma Walmsley, CEO of GlaxoSmithKline. Walmsley has only been in the role for a little over a year, but Abrahams notes that she, GSK Pharmaceuticals President Luke Miels, or chief strategy officer David Redfern would make good replacements as Gilead CEO because of their experience in HIV. </li><li>Daniel O'Day, CEO of Roche Pharmaceuticals. At the<a href="https://www.businessinsider.com/why-roche-acquired-foundation-medicine-and-flatiron-health-2018-7"> helm of Roche</a>, O'Day has been involved in deals like the $1.9 billion acquisition of Flatiron Health and the $2.4 billion bid for Foundation Medicine. </li><li>Ian Smith, executive vice president and chief operating officer of Vertex Pharmaceuticals. Smith's been at Vertex since 2001. </li><li>Paul Clancy, chief financial officer of Alexion Pharmaceuticals. Clancy stepped into the role in July 2017 after serving as Biogen's CFO for a decade. </li><li>Gilead could also turn to executives with scientific background like Hal Barron, who joined GSK in 2017 as chief scientific officer, long-time Regeneron CSO <a href="https://www.businessinsider.com/why-regenerons-still-in-the-competitive-checkpoint-inhibitor-space-2018-2">George Yancopoulos,</a> or Lawrence Blatt, who was formerly the global head of infectious disease and vaccines at J&amp;J. </li></ul>Gilead could also count on some former executives to step back into the CEO role. <ul><li>Bob Hugin, former Celgene CEO. Hugin <a href="https://www.statnews.com/2018/11/07/hugin-loses-reelection-bid/">recently lost a bid for US senator.</a></li><li>Jeremy Levin, CEO of Ovid Therapeutics. Levin had a short stint as CEO of Teva Pharmaceuticals between 2012 and 2013. </li><li>David Hung, former CEO of Medivation. Hung left the company after <a href="https://www.businessinsider.com/axovant-ceo-david-hung-formerly-at-medivation-on-building-companies-2017-9">Pfizer acquired the cancer drugmaker for $14 billion</a> acquisition. Hung served as CEO of <a href="https://www.businessinsider.com/david-hung-resigns-as-axovant-ceo-2018-2">biotech Axovant for 10 months </a>before stepping down in February. </li><li>Chris Viehbacher, former CEO of Sanofi. Viehbacher currently serves as a managing partner at <a href="https://www.gurnetpointcapital.com/about">Gurnet Point Capital</a>, a venture fund based in Cambridge, Massachusetts. </li></ul>Gilead could also choose to promote internally. Should that happen, Abrahams wrote, Laura Hamill, the company's <a href="https://www.gilead.com/news/press-releases/2018/8/gilead-sciences-appoints-laura-hamill-as-executive-vice-president-worldwide-commercial-operations">newly hired executive vice president of worldwide commercial operations</a>, could be a good fit. See also: <ul><li><a href="https://www.businessinsider.com/gsk-ceo-emma-walmsley-on-diversity-in-pharma-2018-1">The first female big pharma CEO had the perfect response to a question about women in leadership</a></li><li><a href="https://www.businessinsider.com/why-regenerons-still-in-the-competitive-checkpoint-inhibitor-space-2018-2">Regeneron's coming late to a group of drugs that's already worth billions - here's why the company thinks it can still compete</a></li><li><a href="https://www.businessinsider.com/why-roche-acquired-foundation-medicine-and-flatiron-health-2018-7">We spoke to the CEO of Roche Pharmaceuticals about how the pharma giant became a deal machine in 2018</a></li></ul> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/what-over-exercise-does-body-brain-health-2018-4">It's possible to exercise too much - here's what it can do to your body and brain</a></h3> <div> <iframe class="bijwplayerclass" data-player="jwplayer" src="https://content.jwplatform.com/players/93EaAxrv-CEZHWCBG.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;" allowfullscreen=""></iframe><script>function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</script> </div> </div>

Gilead's CEO is leaving by the end of the year, and the biotech giant still hasn't picked a replacement. Wall Street has a few ideas.

Hello everyone!Welcome to this weekly roundup of stories from Insider's Business co-Editor in Chief Matt Turner. <a href="http://newsletter.businessinsider.com/join/4np/insider-weekly">Subscribe here to get this newsletter in your inbox every Sunday.</a>What we're going over today:<ul><li>The best <a href="https://www.businessinsider.com/seed-100-top-early-stage-vc-investors-2021-4">early-stage investors</a>.</li><li>Republicans are unloading on Rep. Matt Gaetz <a href="https://www.businessinsider.com/matt-gaetz-sex-scandal-doj-investigation-republicans-trump-2021-3">in gossipy texts and snide asides</a>.</li><li>Nike is transforming from a marketing company into a technology brand, <a href="https://www.businessinsider.com/inside-nike-restructure-layoffs-dtc-resale-digitalization-2021-3">and it's creating internal turmoil</a>.</li><li>Scientists are coming around to a <a href="https://www.businessinsider.com/alzheimers-disease-scientists-new-approaches-treat-2021-3">surprising new understanding of Alzheimer's disease</a>.</li><li>Big Law associates are burned out, and special <a href="https://www.businessinsider.com/big-law-associates-burnout-bonuses-hours-retention-recruiting-lateral-hires-2021-3">$60,000-plus bonuses may not be enough to keep them</a>.</li></ul><hr /><a href="https://www.businessinsider.com/seed-100-top-early-stage-vc-investors-2021-4"></a>Here's what's trending this morning:<ul><li>Facebook hack: 533 million Facebook users' phone numbers and personal data <a href="https://www.businessinsider.com/stolen-data-of-533-million-facebook-users-leaked-online-2021-4">have been leaked online</a>.</li><li>Alphabet's secret quantum <keyword id="6358815" type="UNKNOWN" weightage="60" keywordseo="tech">tech</keyword> team: <a href="https://www.businessinsider.com/inside-googles-new-secretive-quantum-team-called-sandbox-x-2021-4">It's called Sandbox</a>.</li><li>Consulting confessions: <a href="https://www.businessinsider.com/burnout-consulting-firms-deloitte-pwc-big-four-2021-4">6 current and former staffers at Deloitte, PwC, and other top firms detail pandemic burnout.</a><a href="https://www.businessinsider.com/square-cash-app-hiring-build-own-payments-network-visa-mastercard-2021-4"></a></li><li>Remote work: The wealthy streamed into <a href="https://www.businessinsider.com/where-rich-americans-moved-bought-houses-invested-during-pandemic-04-2021">six under-the-radar cities and towns during the pandemic</a>.</li></ul><hr /><h2><a href="https://www.businessinsider.com/seed-100-top-early-stage-vc-investors-2021-4">The best early-stage investors</a></h2>From Margaux MacColl, Melia Russell, Candy Cheng, and Michael Haley:The venture capitalists who write the earliest checks - known as seed investors - take the biggest risks. But when they choose well, they also reap the biggest rewards. With huge profits at stake, thousands of institutions and individuals are active seed investors.But seed investing is more an art than a science and only a few succeed regularly. <a href="https://www.businessinsider.com/tribe-capitals-arjun-sethi-uses-data-not-feelings-to-invest-2021-4">Tribe Capital</a>, a seed venture-capital firm and an investor in other funds, set out to find the top investors by analyzing data on about 1,000 of them. The result is this list of the top 100 as well as <a href="https://www.businessinsider.com/seed-25-best-female-early-stage-investors-2021-4">the Seed 25</a>, a list of the top female seed investors.Read the full story here:<ul><li><a href="https://www.businessinsider.com/seed-100-top-early-stage-vc-investors-2021-4">The Seed 100: The best early-stage investors</a></li></ul>Also read:<ul><li><a href="https://www.businessinsider.com/meet-keith-rabois-and-jack-abrahams-new-stealth-startup-2021-4">Meet OpenStore, the new stealth Miami startup founded by Founders Fund VC Keith Rabois and Atomic's Jack Abraham</a></li><li><a href="https://www.businessinsider.com/silicon-valley-startups-are-getting-flooded-with-vc-funding-offers-2021-3">A tiny startup was inundated with reach-outs from more than 120 investors and offers to wire money right away. It's just one example of the extreme FOMO fueling Silicon Valley's startup scene right now.</a></li><li><a href="https://www.businessinsider.com/amazon-employees-upset-office-centric-culture-plans-2021-3">Frustrated Amazon employees rip on the company for encouraging them to come back to the office</a> </li></ul><hr /><h2><a href="https://www.businessinsider.com/matt-gaetz-sex-scandal-doj-investigation-republicans-trump-2021-3">Republicans are unloading on Rep. Matt Gaetz</a></h2><a href="https://www.businessinsider.com/matt-gaetz-sex-scandal-doj-investigation-republicans-trump-2021-3"><div type="image" title="Matt Gaetz" height="3648" width="5472" msid="81899833" hostid="261"></div></a>From Warren Rojas, Adam Wren, Robin Bravender, Dave Levinthal, Camila DeChalus, Darren Samuelsohn, and Tom LoBianco:Matt Gaetz was looking for a scandal. It was March 25, and the Florida congressman responded to a tweet from the billionaire entrepreneur Elon Musk, who had asked no one in particular, "If there's ever a scandal about me, *please* call it Elongate.""I want Gaetzgate," the Florida Republican <a href="https://twitter.com/mattgaetz/status/1375094924882874375?s=20">tweeted</a>.On Tuesday, Gaetz got exactly that as reports surfaced that the 38-year-old congressman was a subject of a sex-trafficking investigation.<a href="https://www.businessinsider.com/justice-department-investigating-matt-gaetz-sexual-relationship-17-year-old-2021-3"></a><a href="https://www.nytimes.com/2021/03/30/us/politics/matt-gaetz-sex-trafficking-investigation.html"></a>Not long after the news broke, "Gaetzgate" was trending on Twitter. And former Trump White House and GOP officials who loathe the loquacious Gaetz were gloating.Read the full story:<ul><li><a href="https://www.businessinsider.com/matt-gaetz-sex-scandal-doj-investigation-republicans-trump-2021-3">Republicans are unloading on Rep. Matt Gaetz in gossipy texts and snide asides amid reports of a DOJ sex investigation: 'He's the meanest person in politics'</a></li></ul>Also read:<ul><li><a href="https://www.businessinsider.com/matt-gaetz-sex-game-florida-staffers-sororities-snitch-harry-potter-2021-4">Matt Gaetz's Florida sex game included a 'Harry Potter' challenge and 'extra points' for sleeping in sorority houses, a female Republican tells Insider</a></li><li><a href="https://www.businessinsider.com/matt-gaetz-staff-hair-makeup-tv-twitter-controversies-2021-4">Inside Matt Gaetz's office, where surprises - from doing the boss' TV makeup to cleaning up after messy controversies - are part of the job</a></li><li><a href="https://www.businessinsider.com/gen-z-staffers-making-their-mark-in-the-biden-administration-2021-3">Gen Z is already shaking up the Biden White House. Meet 12 up-and-coming staffers.</a> </li></ul><hr /><h2><a href="https://www.businessinsider.com/gen-z-staffers-making-their-mark-in-the-biden-administration-2021-3">Nike's tech transformation</a></h2><a href="https://www.businessinsider.com/gen-z-staffers-making-their-mark-in-the-biden-administration-2021-3"><div type="image" title="Nike Beijing" height="1820" width="2426" msid="81899843" hostid="261"></div></a>From Shoshy Ciment:In January 2020, just days before the coronavirus pandemic would engulf the world, John Donahoe took the helm at Nike.The former eBay and ServiceNow CEO had a bold mission to transform Nike from a marketing-first company into a technology juggernaut. Instead of selling shoes primarily in stores, Nike would up its innovation in a push to sell more products online and on smartphones.Early signs point to success: In its latest quarterly earnings <a href="https://news.nike.com/news/nike-inc-reports-fiscal-2021-third-quarter-results-draft">report</a>, Nike said it grew online sales by 59%.But some worry that transforming Nike from a marketing company into a technology brand is too ambitious. Read the full story here:<ul><li><a href="https://www.businessinsider.com/inside-nike-restructure-layoffs-dtc-resale-digitalization-2021-3">Nike is transforming from a marketing company into a technology brand. 7 company insiders say the changes - including mass layoffs and team restructuring - are creating internal turmoil.</a></li></ul>Also read:<ul><li><a href="https://www.businessinsider.com/former-nike-execs-join-tommy-john-lead-wholesale-product-strategies-2021-3">2 former Nike execs have been tapped to turn underwear brand Tommy John into a billion-dollar company - and they're going all in on product innovation and wholesale partnerships to get there</a></li><li><a href="https://www.businessinsider.com/barrys-bootcamp-ceo-reveals-how-the-company-beat-pandemic-slump-2021-3">Barry's Bootcamp CEO dishes on his company's first foray into outdoor classes and virtual fitness during the pandemic - and how the new revenue streams helped the brand find new markets to expand</a></li><li><a href="https://www.businessinsider.com/how-ron-crawford-shaped-starbucks-employee-benefits-2021-3">Starbucks' benefits boss explains how delivering unique incentives like fertility coverage and opportunities to further education are motivating its 350,000 employees and boosting the company's bottom line</a> </li></ul><hr /><h2><a href="https://www.businessinsider.com/alzheimers-disease-scientists-new-approaches-treat-2021-3">A new understanding of Alzheimer's disease</a></h2><a href="https://www.businessinsider.com/alzheimers-disease-scientists-new-approaches-treat-2021-3"><div type="image" title="alzheimers research 2x1" height="750" width="1500" msid="81899851" hostid="261"></div></a>From Allison DeAngelis:In January, at the World Economic Forum's annual gathering of some of the globe's richest and most powerful leaders, <a href="https://www.acimmune.com/en/senior-management-team/">Andrea Pfeifer</a> was promoting her biotech company and a new global initiative to treat Alzheimer's.During a Q&amp;A session, <a href="https://www.usagainstalzheimers.org/staff/george-vradenburg">George Vradenburg</a>, the entertainment lawyer turned philanthropist, asked her a question about her work: "Is Alzheimer's not one disease?""It's definitely not one disease," she replied.The once controversial idea that Alzheimer's is in fact a highly varied disease, if not multiple distinct but related conditions, is gaining traction and could unlock new approaches to treating it.Read the full story here:<ul><li><a href="https://www.businessinsider.com/alzheimers-disease-scientists-new-approaches-treat-2021-3">Scientists are coming around to a surprising new understanding of Alzheimer's disease, and it could supercharge drug development for the $1.1 trillion problem</a></li></ul>Also read:<ul><li><a href="https://www.businessinsider.com/biggest-obstacles-23andme-faces-in-going-public-s4-analysis-2021-3">We read all 323 pages of 23andMe's SPAC filing. Here are the 5 biggest obstacles it faces ahead of its public debut.</a></li><li><a href="https://www.businessinsider.com/peter-thiel-8vc-invest-in-alloy-therapeutics-75-million-round-2021-4">This biotech's goal is to make $1 in profit. Peter Thiel and 8VC think it's worth $563 million.</a></li><li><a href="https://www.businessinsider.com/silicon-valley-healthcare-startups-failure-hard-to-build-2021-3">Why Silicon Valley can be toxic for healthcare startups</a> </li></ul><hr /><h2><a href="https://www.businessinsider.com/big-law-associates-burnout-bonuses-hours-retention-recruiting-lateral-hires-2021-3">ICYMI: Big Law burnout</a></h2>From Sam Stokes and Jack Newsham:From <a href="https://www.businessinsider.com/law-firms-are-cashing-in-on-the-spac-boom-2020-9">M&amp;A deals</a> to <a href="https://www.businessinsider.com/lawyers-ipo-doordash-capital-markets-cooley-latham-simpson-davis-polk-2020-12">IPOs</a> to <a href="https://www.businessinsider.com/wall-streets-top-restructuring-bankers-when-recessions-defaults-hit-2020-3">bankruptcy</a> proceedings, Big Law associates are busier than ever. For some, their jobs advising financial firms and corporations just got a lot more lucrative. At least 25 Big Law firms are awarding special bonuses up to $64,000 to high-performing associates in 2021.Recruiters and other industry experts say the payouts are an effort to keep burned-out associates from leaving after a grueling year of high-volume remote work. And some associates Insider spoke to said that, while the money is nice, what they'd really like is to see the workload lighten. Read the full story:<ul><li><a href="https://www.businessinsider.com/big-law-associates-burnout-bonuses-hours-retention-recruiting-lateral-hires-2021-3">Big Law associates are burned out after a year of rapid-fire deals and intense hours. Special $60,000-plus bonuses may not be enough to keep them.</a></li></ul>Also read:<ul><li><a href="https://www.businessinsider.com/burnout-consulting-firms-deloitte-pwc-big-four-2021-4">Consulting confessions: 6 current and former staffers at Deloitte, PwC, and other top firms detail pandemic burnout</a></li></ul><hr />Lastly, don't forget to<a href="https://www.morningbrew.com/?utm_source=insider&amp;utm_medium=partnership&amp;utm_campaign=insiderweekly_h12021y_h12021" target="_blank" rel="noopener"> check out Morning Brew</a> - the A.M. newsletter that makes reading the news actually enjoyable.Here are some headlines you might have missed last week.- Matt<hr /><ul><li><a href="https://www.businessinsider.com/employees-alllege-racism-sexism-zimmerman-advertising-omnicom-agency-2021-3">Employees say they experienced racism and sexism at Zimmerman Advertising, an Omnicom agency known for clients like McDonald's and Nissan</a></li><li><a href="https://www.businessinsider.com/tom-girardi-famed-attorney-accused-ponzi-scheme-2021-3">Famed lawyer Tom Girardi and 'Housewives' star Erika Jayne flaunted their life of excess. Now, with accusations of a Ponzi scheme, they may lose it all.</a></li><li><a href="https://www.businessinsider.com/jpmorgan-middle-market-commercial-banking-tech-silicon-valley-vc-coverage-2021-3">JPMorgan poached 5 people from Silicon Valley Bank and Bank of America as it builds out teams focused on VCs and 'disruptive' commerce</a> </li><li><a href="https://www.businessinsider.com/crypto-investing-grayscale-research-director-breaks-down-new-trusts-opportunities-2021-3">The research director at Grayscale, the world's largest crypto asset manager, breaks down 5 digital tokens other than bitcoin and ethereum that he is newly tracking - and shares 3 emerging opportunities he is monitoring</a></li><li><a href="https://www.businessinsider.com/ups-power-players-meet-the-15-executives-tech-powerhouse-2021-3">UPS Power Players: Meet the 15 execs tasked with making the 114-year-old giant a tech powerhouse and holding onto huge pandemic profits</a></li><li><a href="https://www.businessinsider.com/moving-to-florida-texas-lower-cost-of-living-healthcare-medicaid-2021-3">People flocked to Florida and Texas for a lower cost of living during the pandemic. Some were shocked when their healthcare got way more expensive.</a></li><li><a href="https://www.businessinsider.com/compass-ipo-ceo-robert-reffkin-shares-wealth-net-worth-billionaire-2021-3">Compass just went public, putting CEO Robert Reffkin on a path to become America's youngest Black billionaire</a></li><li><a href="https://www.businessinsider.com/highest-paying-jobs-in-america-2019-2">The 30 highest-paying jobs in America</a> </li></ul>

Here are the 100 best early-stage investors, according to data analysis from Tribe Capital

Hidden investors took over Corizon Health, a leading prison healthcare company. Then they deployed the Texas Two-Step.

You Can Explain eBay's $50 Billion Turnaround With Just This One Crazy Story

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/53ea74e5ecad04e809bfd806-842-632/dog-bubble-5.png" border="0" alt="dog bubble"><a href="http://www.flickr.com/photos/81881849@N00/5826294465/">Flickr / carterse</a></img></div></div></div>FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. 
<a href="http://news.morningstar.com/articlenet/article.aspx?id=660602">Active Managers Must Dodge A Market Bubble Puncture In Order To Avoid Dire Futures </a>(Morningstar)
Active managers have become 'the periphery' as passive funds have been overtaking active funds. The most likely way that active managers can reverse their "dire future" would be to "dodge the puncture of a market bubble," writes John Rekenthaler.
For active managers to benefit during a market bubble, it must occur within a market segment. "While a market crash is required to pop the bubble and release active managers' period of outperformance, a crash alone is not a sufficient condition." In 2008, active management's fortunes were "damaged rather than improved" by the plunge. 
"The other requirement, of course, is that active funds have a dramatic underweighting in that segment. It does no good if they own the bubble." And the problem with that, is "today's stock fund managers are not positioned much differently from the overall marketplace," according to Rekenthaler. "If a market crash drags down passive funds, active funds surely will not be far behind." 
 "There is, however, a possibility for bond-fund managers. In aggregate, taxable-bond managers hold much fewer Treasuries and government-agency bonds than does the Barclays U.S. Aggregate Bond Index, the most common benchmark used for taxable-bond funds," he writes. "…If interest rates were to rise dramatically, thereby decimating Treasuries, active taxable-bond managers might regain the initiative. " 
<a href="http://www.financial-planning.com/news/recruiting/hightower-nabs-800m-merrill-team-2690119-1.html">HighTower Recruits An $800 Million Merrill Advisor Team</a> (Financial Planning)
A Merrill Lynch team with $800 million in assets under management (AUM) is joining HighTower Partnership. The newly recruited team will "represent the firm's fourth office in Florida," Andrew Welsch at Financial Planning reports.
Three of the advisors - Pamela Lynn Abraham, Jack Thomas, and Trevos Swartz - join the firm as partners, and will have an equity stake in their new employer. An additional advisor, Mathew Verrengia, senior registered associate Benita Alstatt, an client services associate Tiffany Likness also made the move. Abraham had been at Merrill Lynch her entire 33-year career - making this her first ever switch.
<a href="http://online.wsj.com/articles/financial-adviser-staffs-up-with-millennials-1407849660">Hiring Millennials Is A Long Term Investment In The Company</a> (The Wall Street Journal)
Jim Meehan managing partner at 1847Financial partially credits a threefold increase in production from 2011 to 2013, to the almost 40 millennial financial advisors he hired. He states that the hire was merely "smart business" because millennials bring "energy and enthusiasm to the business".
Additionally firms that don't hire millennials are not investing in the future. "Many advisors don't have a succession plan," he told Veronica Dagher at the WSJ. "What do they think is going to happen to all of their clients and their business?" He's even started an intern program with the hopes of "hiring some of those interns when they graduate".
However, the downside of millennial hires is that sometimes older clients don't take them seriously. To combat this problem and to help the millennials gain credibility, Meehan puts them on teams with more seasoned advisors.
<a href="http://blog.alliancebernstein.com/index.php/2014/08/12/trouble-on-the-margin/">Soaring Profit Margins Aren't A Normal Level Of Profitability - They're A Peak</a> (AllianceBernstein)
Net profit margins have gone from 4.6% in March 2009 to 9.8% at the end of Q1 2014. "The problem is that, historically, margins like these have marked a peak rather than a normal level of profitability," writes James T. Tierney, Jr., at AllianceBernstein. "And the factors that have driven margin expansion to date are unlikely to persist."
Labor efficiencies, lower depreciation and amortization, and reduced interest expense, all factors that have driven margin expansion won't last long.
He says that, firstly, "the labor market is tighter, which could introduce higher wage inflation. While technology will always be a persistent pressure on labor, with employee share of revenue at very low levels, it may be much harder for companies to tighten wage costs further." Secondly, amortization and depreciation have declined for two reasons: companies are now more conservative about allocating capital; and "certain accounting rules have changed." Thirdly, "companies can't really rely on improvements to financing to help boost margins." 
"Investors should recalibrate their expectations to the new profitability reality. It's clearly going to be much harder to rely on margin expansion to deliver double-digit earnings growth in the quarters ahead, so revenue growth will be much more important to earnings growth. In this environment, the best defense to slowing margin gains is to identify companies that can beat expectations by delivering secular revenue growth."
<a href="https://advisors.vanguard.com/VGApp/iip/site/advisor/researchcommentary/article/IWE_InvComCEOPerspectiveInvEnv2">One Of The Most Important Investment Innovations Has A Dark Side </a>(Vanguard)
ETFs have been some of the most important investment innovations of the past 25 years. But the "dark side of innovation is proliferation", according to Vanguard CEO Bill McNabb. "We now see some ETF providers thinly slicing market and country exposures. Others are basing products on back-tested data, bringing the market to only those that 'promise to outperform' broad markets."
Additionally, Vanguard has doubts over whether this "would ultimately benefit investors." Another problem with ETFs is the "issue of capacity constraints with traditional active mutual funds", according to McNabb. He writes: "when an Vanguard active fund reaches a certain asset level or is attracting too much 'hot money', we close the fund to new investors." But doing that with active ETFs is difficult.
"Our research shows that after these ETFs are launched, most actually underperform the market.1 It's hard to have the discipline to use ETFs for broad asset allocation and not get caught up in the product fads of the day. But it's the right thing for investors," according to McNabb.

You Searched For "John Abraham Newly" and got 12 results

A lost 22-page transcript discovered at the National Archives reveals the secret history of how Abraham Lincoln pardoned Joe Biden's ancestor

Alex Nicoll

In 1863, Abraham Lincoln relocated 453 freed Black Americans to a Haitian island as a part of an 'experiment.' The plan failed catastrophically.

Yoonji Han

12 Bollywood Stars Whose Luxe Cars Will Knock You Out

Charu

The first full deployment of the US Navy's newest supercarrier and its strike group just took an unexpected turn with the crisis in Israel

Chris Panella

'You're all f---ed up': Trump exploded after his officials warned against using military troops to end George Floyd protests, book says

John L. Dorman

Trump announced a 'National Garden' to honor 'American heroes.' Here's who he wants to memorialize.

Ellen Cranley

Gilead's CEO is leaving by the end of the year, and the biotech giant still hasn't picked a replacement. Wall Street has a few ideas.

Lydia Ramsey

Here are the 100 best early-stage investors, according to data analysis from Tribe Capital

Matt Turner

Hidden investors took over Corizon Health, a leading prison healthcare company. Then they deployed the Texas Two-Step.

Nicole Einbinder,Dakin Campbell

You Can Explain eBay's $50 Billion Turnaround With Just This One Crazy Story

Nicholas Carlson

FINANCIAL ADVISOR INSIGHTS: A Market Bubble Can Help Active Managers Avoid A Dire Future

Elena Holodny

Here's The Original Meaning Of 100 Common English Names

Hayley Hudson