Business News

Opinion Why it was time for Oprah to quit Weight

Opinion: Why it was time for Oprah to quit Weight Watchers

Kevin Winter/Getty Images

Oprah Winfrey speaks onstage during the 29th Annual Critics Choice Awards on January 14, 2024 in Santa Monica, California.

Editor's note: Kellie Carter Jackson is the Michael and Denise Kellen '68 Associate Professor in the Department of Africana Studies at Wellesley College. She is the author of We Refuse: A Forceful History of Black Resistance and co-host of the podcasts This Day in Esoteric Political History and You Get a Podcast! The views expressed here are her own. Read more opinion on CNN.

CNN –

This week, Oprah Winfrey announced that she would step down from the board of the Weight Watchers (WW) brand and sell her 10 percent stake in the company. Many will remember when Oprah began her partnership with WW almost ten years ago. At the time, the company was struggling to make new profits, and Oprah's Midas touch took the company and its shares to new heights.

Who can hear Oprah’s famous “I. Love. Bread.” commercial? With slogans like: “Eat bread. Lose weight. Whaatttt?” She also had me on bread. I remember joining WW shortly after the birth of my second child in the early years of Oprah's partnership. America has followed Oprah on every major weight loss trend for decades, and this was no exception.

At the height of Oprah's daytime talk show, viewers tuned in five days a week to learn “how to live their best life.” Oprah illustrated the many ways to achieve wellness, and the topic of weight loss dominated her 25-year life, for better or worse. In 1988, she rolled out 67 pounds of animal fat in a red wagon to illustrate how much weight she had lost on a 30-day liquid-only diet. She later deeply regretted the stunt, calling it a “big, big, big, big, big, big, big mistake!”

In 1994, Oprah ran her first marathon to celebrate her 40th birthday. Her time at the Marine Corp Marathon was 4:29:15, which became the benchmark to beat for any celebrity who wanted to beat Oprah. She graced the cover of Runner's World in a matching coral spandex sports bra and running shorts with the caption: “Oprah did it, you can too.” In 2008, Oprah sparked a vegan craze when she and the The entire staff of her production company Harpo Studios decided to adopt a vegan diet for a short time.

Mark Wilson/AP

U.S. Marine Corps personnel escort Oprah Winfrey and her partner Stedman Graham to the starting line of the 19th Marine Corps Marathon on October 23, 1994.

Throughout her professional life, Oprah's struggles with weight loss and weight gain have been iconic. But this year also saw Oprah turn 70, and the public still can't let go of their gaze on her body and her health journey. During her red carpet events for the premiere of The Color Purple, the internet was once again obsessed with Oprah's tiny waist and thinner figure. The question arose as to whether Oprah was taking medical weight loss medications such as Ozempic or Wegovy. She is known for her transparency and shared that she was actually taking weight loss medication. Perhaps she hoped her own choices would remove the stigma associated with medical procedures.

WW has also strategically launched a plan for its members to utilize weight loss medications and even telehealth services to offer virtual prescriptions to patients when appropriate. Oprah's departure from WW comes at an interesting time in our weight-obsessed culture.

What happens when our goal of “living our best life” no longer requires 30-day liquid diets, marathons, or a vegan diet? While many will certainly see this as a progressive change, I'm not sure Oprah's departure from WW is a fulfilling moment. The solution to weight loss seems to be to “take the shot” or “take a pill.” In some ways, it feels like the culture is out to figure out what “fat” actually is. Scientists still don't have a definitive answer to what makes someone fat; It's not just what you eat or how much you eat. Most Americans are convinced that fat or obese people are always unhealthy: That's not true. Additionally, the public is generally led to believe that thin people somehow cannot be sick. These ideas harm everyone.

Charles Bennett/AP

In 1988, Winfrey transported 67 pounds of animal fat in a red wagon to illustrate how much weight she had lost on a 30-day liquid-only diet. She later deeply regretted the stunt, calling it a “big, big, big, big, big, big, big mistake!”

When Oprah steps down, many people will lose their measure or reference point for what is ahead or behind the curve when it comes to their weight and health. Hollywood has taken its fixation on thinness to new levels. But celebrity voices are hardly needed when social media influencers can shake up the culture with their medical weight loss journeys for all to see. The dopamine rush from shedding more pounds drowns out any canaries in the coal mine pointing out the potentially harmful side effects of Ozempic and other similar drugs.

Get our free weekly newsletter

Oprah's departure will also have special meaning for the black community. As a result of their announcement, the value of WW shares fell by 25%. Oprah stated that she would donate her shares to the National Museum of African American History and Culture. While it may seem like a significant donation to the museum, the shares are only as valuable as the company, which has just suffered a major blow. For the museum to see a blessing, the company must continue to do well. One might also wonder what it means for the country's preeminent black history museum to be economically tied to a weight-loss company.

Ultimately, Oprah can do whatever she wants with her money, her time, and her talents. Resignation is their prerogative. But perhaps it's finally time for our culture to also abandon its obsession with Oprah's body — and with it its anti-fat bias and its attachment to seemingly quick fixes to much bigger problems.

Opinion: Why it was time for Oprah to quit Weight Watchers Read More »

Revenu Quebec pros give themselves an indefinite strike mandate

Revenu Québec can now communicate via SMS

Revenu Québec could now communicate with you via text message or email, a new development that is causing concern for a consumer watchdog group because text messages are often a symbol of fraud.

Previously, if you received an SMS from Revenu Québec, you could immediately conclude that it was phishing, as this department did not use this method of communication.

This made it easy to make the population aware of the risks of phishing. The advice was always the same: ignore text messages from Revenu Québec.

Revenu Quebec can now communicate via SMS

VAT News

But this year you will see in your income tax return that it is possible to allow Revenu Québec to communicate with you via SMS and email. To do this, it is necessary to enter the information on lines 10, 10.1 and 10.2, which were added to the income tax form this year.

Revenu Québec says it will not use text messages and emails to request personal information or notify taxpayers of payment.

These communication channels are used to inform taxpayers about a change in their bank details, address, email address and after receipt of the income tax return.

The Association for the Protection of Consumer Interests of the North Coast believes that it would have been better if Revenu Québec had stopped using text messaging.

  • Listen to the economy part with Michel Girard above QUB :

According to its coordinator Frédéric Boudreault, this is an invitation to malicious individuals who are particularly active during tax season.

“By enabling text message communication with taxpayers, it opens the door to these attacks and fraud.” It is the taxpayer’s responsibility to determine which text message from Revenu Québec is genuine and which is fraudulent. The responsibility now lies with him,” he emphasized.

Even if you do not complete the fields for Revenu Québec to send you text messages or emails, the organization may still send you some, as described in the Frequently Asked Questions section of the website.

Revenu Québec had not responded at the time of writing.

Revenu Québec can now communicate via SMS Read More »

Trump Media was sued by co founders and threatened to delay

Trump Media was sued by co-founders and threatened to delay the merger

A flood of lawsuits is threatening to block a shareholder vote on the long-delayed merger of former President Donald J. Trump's social media company and a cash-strapped shell company.

Two early founders of Trump Media & Technology Group have filed a lawsuit seeking to retain their ownership stakes in the company, the parent company of online posting platform Truth Social. The lawsuit, filed under seal in Delaware Chancery Court on Wednesday by a partnership led by Wes Moss and Andy Litinsky, alleges that Trump Media is seeking to dilute its ownership stake in the company, of which Mr. Trump is a majority shareholder.

The lawsuit seeks an expedited hearing in a Delaware court before Digital World Acquisition Corp. shareholders. on March 22nd to vote on their merger with Trump Media. Digital World is a special purpose acquisition company created to raise money from investors in an initial public offering and use that money to find a private company, such as Trump Media, to purchase.

Mr. Moss and Mr. Litinsky were contestants on Mr. Trump's real estate television show “The Apprentice” and came to him in January 2021 with the idea of ​​starting a social media company.

Former Digital World CEO Patrick Orlando has also filed a lawsuit in Delaware demanding additional shares in the company. And Digital World has filed its own lawsuit in Florida state court, arguing that Mr. Orlando, who was the sponsor of the IPO, was not entitled to additional shares because of his “stinginess, incompetence and general refusal to act” in the company's best interests.

Digital World raised $300 million in an initial public offering in September 2021 and about a month later announced its planned merger with Trump Media, which needs the deal to operate Truth Social. Mr. Trump's social media company has said in regulatory filings that it may not survive without a new source of funding.

In a regulatory filing on Friday, Digital World raised the prospect of rejecting the merger for Mr. Orlando, who remains a board member. Mr. Orlando's group owns about 15 percent of Digital World shares; The majority of the remaining shares are held by around 400,000 private investors. Another filing raised the prospect of possible lawsuits that could delay the merger.

After the merger, Mr. Trump would own 79 million shares of Trump Media. Based on Digital World's current share price of $39, Mr. Trump's stake would be worth $3 billion. The potential merger comes as he needs to find the money to pay a $454 million fine following a New York judge's ruling in a civil fraud case.

By merging with Digital World, Trump Media would not only receive an influx of cash to fund its operations, but also publicly traded stock that can be used to finance acquisitions. As chairman of Trump Media, the former president received the lion's share of shares because his name was important to the company's success. He would be the largest shareholder if the merger with the public company was completed.

Shares of Digital World have soared as Mr. Trump inched closer to the Republican nomination for president and the prospect of a deal being finalized later this month. The stock price has risen even though advertising on Truth Social has been lackluster.

Mr. Orlando's company, which sponsored Digital World, would be Trump Media's second-largest shareholder.

Mr. Orlando's lawsuit comes months after he resigned as chief executive of Digital World and a settlement was negotiated with the Securities and Exchange Commission. Last summer, Digital World agreed to pay an $18 million penalty to resolve allegations that the company had improper merger discussions with Trump Media before its IPO. SPACs should not have a deal before their IPO

In the settlement agreement, Digital World's chief executive, who was not named but identified by his job title, was described by regulators as having been instrumental in the initial contract negotiations. In its lawsuit filed against Mr. Orlando, Digital World said that Mr. Orlando received formal notice from the SEC that an enforcement action may be brought against him.

Mr. Orlando was not accused of wrongdoing. He declined to comment and his attorney did not respond to a request for comment.

Susan C. Beachy contributed to the research.

Trump Media was sued by co-founders and threatened to delay the merger Read More »

Death of Brian Mulroney Quebecor mourns the loss of its

Death of Brian Mulroney: Quebecor mourns the loss of its CEO

Pierre Karl Péladeau, president and CEO of Quebecor, joined the eulogy following the death of Brian Mulroney, who served as the company's chairman until his last breath.

“Mr. Mulroney has left his mark on the history of Canada, but also on that of our company. From the late 1960s he was a valuable advisor to my father Pierre Péladeau, then he became an exceptional mentor for me,” Mr. Péladeau said in a press release on Thursday evening.

For more than 20 years and until the end of his life, the former prime minister sat on the board of Quebecor, of which he became president in 2014.

  • Listen to the political meeting with Yasmine Abdelfadel and Marc-André Leclerc QUB :

“Thanks to his wise advice, he has contributed to the growth and success that Quebecor is experiencing today,” assured Pierre Karl Péladeau, expressing his condolences to Mr. Mulroney’s family.

“Mr. Mulroney was an extraordinary human being, endowed with great class and unparalleled generosity. Today at Quebecor we lose a valued colleague who brought unique leadership qualities to the board and also left an indelible mark on the business community of Quebec and Canada. We all owe him a lot,” added Quebecor board vice-president Sylvie Lalande.

Death of Brian Mulroney: Quebecor mourns the loss of its CEO Read More »

Walgreens and CVS begin selling abortion pills in some states.jpgw1440

Walgreens and CVS begin selling abortion pills in some states

Walgreens and CVS said Friday that they are preparing to start making the abortion pill mifepristone available as early as next week in states where it is legal.

Walgreens said it has completed the Food and Drug Administration's certification process to sell mifepristone and expects to do so within a week. “We are beginning a phased rollout at select locations to ensure quality, safety and privacy for our patients, providers and team members,” the company said.

CVS said it is “working with manufacturers and suppliers to secure the drug and is not yet dispensing it at any of our pharmacies,” adding that it will “begin issuing prescriptions for the drug in the coming weeks.” Massachusetts and Rhode Island will begin and expand.” to other states, if permitted by law, on an ongoing basis.”

The move by two of the country's largest pharmacy networks promises to expand availability of the drug, which is the subject of a legal dispute over whether the Food and Drug Administration properly approved it and which now faces a decision in the U.S. Supreme Court.

The news was first reported by The New York Times.

“With major retail pharmacy chains newly certified to dispense abortion medications, many women will soon have the option to pick up their prescription at a local, certified pharmacy – just like they would with any other medication,” President Biden said in a statement. “I encourage all pharmacies who wish to utilize this option to become certified.”

The FDA changed its risk protocol for mifepristone in January 2023, allowing pharmacies to become certified to dispense the drug to prescription patients as long as they meet the agency's requirements.

Walgreens has come under pressure from both sides of the abortion debate. The company angered abortion rights advocates last year by saying it would not provide abortion pills in 21 states, including four states where abortion is still legal. There were also protests from anti-abortion activists who objected to Walgreens even selling abortion pills.

Mifepristone works by blocking a hormone necessary for a pregnancy to develop and is used in combination with another drug in more than half of all abortions in the country. It was originally approved more than 20 years ago by the FDA, which then relaxed its regulations for obtaining it.

A decision by the appeals court would make access to the medication more difficult. The Biden administration and the manufacturer of mifepristone are asking the Supreme Court to overturn this ruling. The justices agreed to hear the case in December and have scheduled a hearing for oral arguments later this month.

Walgreens said Friday that it would begin dispensing mifepristone at certain locations in New York, Pennsylvania, Massachusetts, California and Illinois. The company said it would not specify which pharmacies would carry the drug “in the interest of pharmacist and patient safety.”

This is a developing story and will be updated.

Walgreens and CVS begin selling abortion pills in some states Read More »

1709316038 Former Prime Minister Jean Chretien goes on nuclear crusade I

Former Prime Minister Jean Chrétien goes on nuclear crusade: “I am well placed to know”

Former Liberal premier Jean Chrétien, 90, is on a crusade with Quebec engineering firm AtkinsRéalis (formerly SNC-Lavalin) to extol the virtues of nuclear power by becoming co-president of a major national campaign.

• Also read: No CO2 neutrality in 2050 without nuclear power, argues Pierre Fitzgibbon

“The contribution of the CANDU nuclear reactors [CANada Deutérium Uranium] Canada's position as a global leader is immeasurable. I am in a position to know this because, as prime minister, I was directly involved in their sale to other countries,” argued former Canadian prime minister Jean Chrétien in a press release.

“I look forward to supporting the continued development of the innovation that started it all: CANDU reactors,” said Mike Harris, former Ontario premier.

Despite launching the operation aimed at “ensuring Canada’s clean energy future through the deployment of CANDU technology,” neither AtkinsRéalis nor Jean Chrétien accepted our interview request on Wednesday.

The Canadian Nuclear Association (CNA) also had no one available to grant an interview at its annual conference.

Sabia was irritated

Last November, Hydro-Québec CEO Michael Sabia appeared irritated during the launch of his action plan when Le Journal asked him questions about nuclear energy that appeared in his own document.

Former Prime Minister Jean Chrétien goes on nuclear crusade: “I am well placed to know”

Hydro-Québec's 2035 Action Plan includes a passage to restart Gentilly-2. Provided by Hydro-Québec

“Nuclear energy is not part of this plan, period,” responded the CEO of Hydro-Québec.

“Nuclear power is not included in the figures that we have clearly presented on increasing production,” he emphasized. Hydro's number 1 emphasized: “Social acceptance is extremely important and we will respect that.”

No further meetings

When questioned by Le Journal on Wednesday, the company Hydro-Québec said it had held “no meetings other than the one on the summary study on Gentilly-2, which has already been discussed in the news and in the parliamentary committee.”

“Our 2035 Action Plan does not provide for the addition of megawatts (MW) from nuclear energy. There is currently no further study underway or planned,” confirmed spokesman Maxence Huard-Lefebvre.

In late January, Radio-Canada announced that a four-page study conducted for Hydro-Québec confirmed that power production at Gentilly-2 could indeed resume, while the state-owned company had hired AtkinsRéalis to assess the condition of the facilities.

Gentilly‐2 has an installed capacity of 675 megawatts. It entered service in 1983 and was discontinued in 2012.

Former Prime Minister Jean Chrétien goes on nuclear crusade: “I am well placed to know”

Nuclear power plant control room. Provided by Hydro-Québec

Secret documents

In recent weeks, Le Journal requested documents from Hydro on the resumption of nuclear power, but apart from texts already published, the state-owned company refused to provide them.

“These documents contain, in particular, analyses, opinions or recommendations, as well as information of a commercial, scientific, technical and strategic nature or a trade secret,” explained its Secretary General Pierre Bouchard.

Former Prime Minister Jean Chrétien goes on nuclear crusade: “I am well placed to know”

Bales of low-level radioactive waste: rags, gloves, slightly contaminated clothing and mops. Provided by Hydro-Québec

At the Ministry of Economy, Innovation and Energy (MEIE) they confirm having had two meetings with representatives of AtkinsRéalis, but say that they “never publicly discuss the discussions they are having or could have with project promoters”.

“Social acceptance is non-existent”

For his part, Energy Minister Pierre Fitzgibbon published photos from his visit to Ontario Power Generation (OPG) last Monday.

“Great visit @opg. At the global level, nuclear energy is crucial to achieving greenhouse gas emissions reduction goals. There is no social acceptance in Quebec. We can count on other sources of energy. But we must continue to inform ourselves, discuss and debate,” he commented on social networks.

-In collaboration with Sylvain Larocque

Can you share information about this story?

Write to us or call us directly 1 800-63SCOOP.

Former Prime Minister Jean Chrétien goes on nuclear crusade: “I am well placed to know” Read More »

A year after buying a failed bank New York Community

A year after buying a failed bank, New York Community Bancorp is in trouble

A New York bank is under intense pressure for nearly a year Friday after it took over a large portion of another bank 30 miles away that had failed.

New York Community Bancorp shares plunged at the opening bell after longtime CEO Thomas Cangemi, who spent much of this year reassuring investors of the bank's profitability, abruptly resigned and the bank made a mandatory annual financial disclosure to the U.S -Regulators for “material reasons” postponed “weakness” related to loans.

Commercial banks like New York Community Bancorp have been hit by falling values ​​in the commercial real estate market after the pandemic halted office work for millions of people.

The bank reported a surprise fourth-quarter loss of $252 million, including a $552 million provision for loan losses, much of which was related to real estate. The company's credit rating was downgraded to junk by Moody's.

Those pressures have intensified at the Hicksville, New York, bank as it grew massively almost overnight following its acquisition of the failed Signature Bank.

With this, New York Community Bancorp has reached a new level that requires tighter regulatory control, a transition that has been rocky.

The filing late Thursday with the U.S. Securities and Exchange Commission included a $2.4 billion goodwill impairment charge, meaning the bank is reassessing the value of its assets.

These losses are retroactively recorded in the bank's fourth quarter, meaning the surprise loss only multiplied tenfold.

“As part of management’s assessment of the Company’s internal controls, management identified material weaknesses in the Company’s internal controls related to internal credit review that resulted from ineffective oversight, risk assessment and monitoring activities,” it said Bank submission.

Bank stocks fell 23% in early trading, weighing on other regional banks. Its share has now fallen by 65% ​​over the year.

This time last year, federal banking officials were curbing growing fears of contagion in the banking sector and President Joe Biden was calling for tougher regulations after two banks failed over a weekend in mid-March.

The story goes on

One of those failed banks, Signature, was acquired by New York Community Bancorp, growing its assets to more than $100 billion, subjecting it to greater scrutiny from regulators under the law.

Industry analysts on Friday expressed no concerns about any kind of contagion in the banking sector, given the unique circumstances that led to the recent problems at New York Community Bancorp, its exposure to commercial real estate and the huge jump in its market capitalization.

“Disclosing a material vulnerability in the credit review process is important and significant changes need to be made to how credit risk is monitored going forward, which we expect may result in the company being more proactive in identifying issues in the future,” Citi’s Keith Horowitz said in a customer message.

Horowitz said the delay in the bank's annual report “is likely intended to give auditors sufficient time to ensure that the material weakness in the control environment does not have a financial impact, which means significant time to review individual loans.”

Cangemi, who has been with the bank for 27 years, will be replaced as CEO by Alessandro DiNello, the bank's chairman.

DiNello was CEO of Flagstar Bank, which acquired New York Community Bancorp in late 2022.

A year after buying a failed bank, New York Community Bancorp is in trouble Read More »

Artificial intelligence rapes and pillages comedian George Carlin 15 years

Artificial intelligence: Canadians fear an increase in the risk of bank fraud

The advent of artificial intelligence (AI) risks making Canadians already worried about bank fraud vulnerable to scams, according to a recent survey from Royal Bank of Canada (RBC).

According to the annual RBC Fraud Prevention Month survey, nine out of 10 Canadians believe the use of AI will lead to an increase in fraud in the future, making them more vulnerable to scams.

The survey shows that 81% of respondents believe that AI will make phone fraud difficult to detect, particularly fearing voice cloning and identity theft.

The study shows that phishing (generic email or SMS scams), spear phishing (real-looking emails or text messages), and voice phishing (targeted phone or voice message scams) remain the three most common types of scams.

On the other hand, about 56% of respondents said they have noticed an increase in the number of hyperfaking scams, while almost half (47%) have noticed an increase in voice cloning scams.

“With the proliferation of voice cloning and hyperfaking technologies, fraudsters are able to refine their telephone and digital tactics,” said Kevin Purkiss, vice president of RBC Anti-Fraud.

“Criminals continue to incorporate new technologies into their tactics, and the best way to defend yourself is to remain vigilant and take additional measures to protect yourself,” Purkiss recommended.

Artificial intelligence: Canadians fear an increase in the risk of bank fraud Read More »