27 days ago
California entrepreneur Eric Schiffer warned that the state's proposed billionaire wealth tax could drive some of its most successful business leaders out of California, predicting a "giant sucking sound" of entrepreneurs heading for the exits if voters approve the measure.
Schiffer, chairman of family office Patriarch and CEO of Reputation Management Consultants, told FOX Business he works with several billionaire clients, including some in California, and said many are unhappy about the proposal.
"I think the impact of this passing in California is a giant sucking sound of all of these entrepreneurs being sucked out of California because they're just not going to want to stay," Schiffer said.
"Why would anyone stay if they have spent their life building wealth that they were already taxed on?
Mark Cuban Tells Ro Khanna 'You Don't Understand Business,' Threatens Investment Shift Over Billionaire Tax
#california #billionaire
Schiffer, chairman of family office Patriarch and CEO of Reputation Management Consultants, told FOX Business he works with several billionaire clients, including some in California, and said many are unhappy about the proposal.
"I think the impact of this passing in California is a giant sucking sound of all of these entrepreneurs being sucked out of California because they're just not going to want to stay," Schiffer said.
"Why would anyone stay if they have spent their life building wealth that they were already taxed on?
Mark Cuban Tells Ro Khanna 'You Don't Understand Business,' Threatens Investment Shift Over Billionaire Tax
#california #billionaire
30 days ago
An **** ysis of recent filings from American politicians shows that Accenture (NYSE: ACN) and Boston Scientific (NYSE: BSX) saw an uptick in purchases from notable politicians. Rep. Gilbert Ray Cisneros, Jr. (D-CA) bought Boston Scientific shares, according to a filing earlier this month. The trade was made on August 18, 2026. Rep. Ro Khanna (D-CA) also bought the stock twice, on August 3 and August 10, 2026, according to a filing filed on September 4, 2026. Neither politician sold Boston Scientific shares in the same period. Cisneros and Khanna were also the two buyers of Accenture shares in July and August.
This is based on data from Quiver Quantitative, a platform that tracks congressional stock trades from politicians.
Let's focus on BSX in this article.
BSX is down about 50% so far this year amid a cyberattack that disrupted manufacturing, order processing and shipments, forcing the company to withdraw its previous third-quarter and full-year outlook. Bulls say the market has priced in too severe an outcome. By Sept. 8, the company said its major distribution centers were shipping at or above normal levels, sterilization facilities were operating, and manufacturing had restarted at most plants. Bulls believe much of the disrupted revenue could be delayed rather than permanently lost as hospitals wait for products, reschedule procedures and the company works through its backlog.
Bulls also point to a business that was still growing. Second-quarter revenue rose 7.5% year over year and organic growth was 7%. Several core franchises delivered double-digit organic growth, including Interventional Cardiology and Vascular Therapies, Interventional Oncology and Embolization, and Neuromodulation.
#august #NYSE
This is based on data from Quiver Quantitative, a platform that tracks congressional stock trades from politicians.
Let's focus on BSX in this article.
BSX is down about 50% so far this year amid a cyberattack that disrupted manufacturing, order processing and shipments, forcing the company to withdraw its previous third-quarter and full-year outlook. Bulls say the market has priced in too severe an outcome. By Sept. 8, the company said its major distribution centers were shipping at or above normal levels, sterilization facilities were operating, and manufacturing had restarted at most plants. Bulls believe much of the disrupted revenue could be delayed rather than permanently lost as hospitals wait for products, reschedule procedures and the company works through its backlog.
Bulls also point to a business that was still growing. Second-quarter revenue rose 7.5% year over year and organic growth was 7%. Several core franchises delivered double-digit organic growth, including Interventional Cardiology and Vascular Therapies, Interventional Oncology and Embolization, and Neuromodulation.
#august #NYSE
1 month ago
An ******* ysis of recent filings from American politicians shows that Accenture (NYSE: ACN) and Boston Scientific (NYSE: BSX) saw an uptick in purchases from notable politicians. Rep. Gilbert Ray Cisneros, Jr. (D-CA) bought Boston Scientific shares, according to a filing earlier this month. The trade was made on August 18, 2026. Rep. Ro Khanna (D-CA) also bought the stock twice, on August 3 and August 10, 2026, according to a filing filed on September 4, 2026. Neither politician sold Boston Scientific shares in the same period. Cisneros and Khanna were also the two buyers of Accenture shares in July and August.
This is based on data from Quiver Quantitative, a platform that tracks congressional stock trades from politicians.
Let's focus on BSX in this article.
BSX is down about 50% so far this year amid a cyberattack that disrupted manufacturing, order processing and shipments, forcing the company to withdraw its previous third-quarter and full-year outlook. Bulls say the market has priced in too severe an outcome. By Sept. 8, the company said its major distribution centers were shipping at or above normal levels, sterilization facilities were operating, and manufacturing had restarted at most plants. Bulls believe much of the disrupted revenue could be delayed rather than permanently lost as hospitals wait for products, reschedule procedures and the company works through its backlog.
Bulls also point to a business that was still growing. Second-quarter revenue rose 7.5% year over year and organic growth was 7%. Several core franchises delivered double-digit organic growth, including Interventional Cardiology and Vascular Therapies, Interventional Oncology and Embolization, and Neuromodulation.
#accenture
This is based on data from Quiver Quantitative, a platform that tracks congressional stock trades from politicians.
Let's focus on BSX in this article.
BSX is down about 50% so far this year amid a cyberattack that disrupted manufacturing, order processing and shipments, forcing the company to withdraw its previous third-quarter and full-year outlook. Bulls say the market has priced in too severe an outcome. By Sept. 8, the company said its major distribution centers were shipping at or above normal levels, sterilization facilities were operating, and manufacturing had restarted at most plants. Bulls believe much of the disrupted revenue could be delayed rather than permanently lost as hospitals wait for products, reschedule procedures and the company works through its backlog.
Bulls also point to a business that was still growing. Second-quarter revenue rose 7.5% year over year and organic growth was 7%. Several core franchises delivered double-digit organic growth, including Interventional Cardiology and Vascular Therapies, Interventional Oncology and Embolization, and Neuromodulation.
#accenture
1 month ago
Ro Khanna is a Democratic congressman known for being one of the most active stock traders in Congress, with hundreds of disclosed transactions. Khanna says the trades sit in family accounts he does not control.
His disclosures show he has been buying NCR Voyix (NYSE:VYX), a small-cap company that sells checkout technology to retailers and restaurants.
The most recent trade was a buy in June. There were about seven purchases of this stock from Khanna in 2026.
NCR Voyix sells the checkout technology that grocery stores, convenience chains and restaurants run on. The business splits into two segments, Retail and Restaurants, with retail accounting for a major chunk of sales.
The company is in the middle of a rebuild. It handed hardware manufacturing to an ODM partner at the end of the first quarter of fiscal 2026, so hardware now shows up as commission instead of full product revenue. Management is pushing customers onto the Voyix Commerce Platform, a cloud system sold on multiyear subscription contracts, and onto Voyix Connect, its payments gateway.
#khanna #retail #checkout
His disclosures show he has been buying NCR Voyix (NYSE:VYX), a small-cap company that sells checkout technology to retailers and restaurants.
The most recent trade was a buy in June. There were about seven purchases of this stock from Khanna in 2026.
NCR Voyix sells the checkout technology that grocery stores, convenience chains and restaurants run on. The business splits into two segments, Retail and Restaurants, with retail accounting for a major chunk of sales.
The company is in the middle of a rebuild. It handed hardware manufacturing to an ODM partner at the end of the first quarter of fiscal 2026, so hardware now shows up as commission instead of full product revenue. Management is pushing customers onto the Voyix Commerce Platform, a cloud system sold on multiyear subscription contracts, and onto Voyix Connect, its payments gateway.
#khanna #retail #checkout
1 month ago
Ro Khanna is a Democratic congressman from California whose stock picks keep making headlines. His latest financial disclosures show steady buying in two names through June and July.
Uber Technologies, Inc. (NYSE:UBER) shows up more than any other stock in the filing. Khanna's disclosures list several separate Uber purchases between June 15 and July 29, with no sales in that stretch. Uber is down about 18% over the past year.
Chewy Inc. (NYSE:CHWY) is the second name. The filing shows nine Chewy purchases between July 13 and July 30.
Chewy is down about 40% over the past year and 30% so far this year. Is this a potential opportunity to buy the stock on the dip? Let's **** yze.
Chewy, Inc. (NYSE:CHWY) sells pet food, treats, supplies and medications online. The business runs on Autoship, a subscription program where customers set up recurring deliveries.
#chewy #chwy #shows
Uber Technologies, Inc. (NYSE:UBER) shows up more than any other stock in the filing. Khanna's disclosures list several separate Uber purchases between June 15 and July 29, with no sales in that stretch. Uber is down about 18% over the past year.
Chewy Inc. (NYSE:CHWY) is the second name. The filing shows nine Chewy purchases between July 13 and July 30.
Chewy is down about 40% over the past year and 30% so far this year. Is this a potential opportunity to buy the stock on the dip? Let's **** yze.
Chewy, Inc. (NYSE:CHWY) sells pet food, treats, supplies and medications online. The business runs on Autoship, a subscription program where customers set up recurring deliveries.
#chewy #chwy #shows
2 months ago
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Billionaire entrepreneur Mark Cuban warned Rep. Ro Khanna (D-Calif.) that a proposed 5% wealth tax on California billionaires could discourage investment and push high-value startups and their founders out of the state.
On Saturday, Khanna said the California Democratic Party and the state's labor movement joined him and Sen. Bernie Sanders (I-Vt.) in supporting the proposal.
"The California Democratic Party and the California labor movement just stood with BernieSanders and me in supporting 5% wealth tax on 250 California billionaires," he said.
He added, "California voters want a Democratic Party that will stand up for the working class over the billionaire class."
#khanna #wealth #billionaires
Billionaire entrepreneur Mark Cuban warned Rep. Ro Khanna (D-Calif.) that a proposed 5% wealth tax on California billionaires could discourage investment and push high-value startups and their founders out of the state.
On Saturday, Khanna said the California Democratic Party and the state's labor movement joined him and Sen. Bernie Sanders (I-Vt.) in supporting the proposal.
"The California Democratic Party and the California labor movement just stood with BernieSanders and me in supporting 5% wealth tax on 250 California billionaires," he said.
He added, "California voters want a Democratic Party that will stand up for the working class over the billionaire class."
#khanna #wealth #billionaires
2 months ago
California is about to find out whether taxing billionaires is an idea that works in practice the same way it works in a speech.
A ballot measure heading to voters in November is forcing that question into the open, and the fight it has triggered between a $10.6 billion investor and a sitting congressman says more about the difficulty of the idea than either man intended.
Mark Cuban spent the weekend of August 15 on X, tearing into Rep. Ro Khanna's defense of California's proposed 5% one-time tax on billionaire wealth.
What started as a policy disagreement became something more pointed, and the specifics of what each man said reveal exactly why wealth taxes that sound simple on paper tend to fall apart in the details.
The core of Cuban's argument isn't that billionaires shouldn't pay taxes. He's made clear he has no problem paying taxes. He paid $288 million to the IRS in a single year and said he was proud of it.
#taxes #billionaires #california #mark
A ballot measure heading to voters in November is forcing that question into the open, and the fight it has triggered between a $10.6 billion investor and a sitting congressman says more about the difficulty of the idea than either man intended.
Mark Cuban spent the weekend of August 15 on X, tearing into Rep. Ro Khanna's defense of California's proposed 5% one-time tax on billionaire wealth.
What started as a policy disagreement became something more pointed, and the specifics of what each man said reveal exactly why wealth taxes that sound simple on paper tend to fall apart in the details.
The core of Cuban's argument isn't that billionaires shouldn't pay taxes. He's made clear he has no problem paying taxes. He paid $288 million to the IRS in a single year and said he was proud of it.
#taxes #billionaires #california #mark
2 months ago
Rep. Ro Khanna (D-Calif.) tells Meet the Press that Congress should hold a vote on Medicare for All if Democrats regain the majority, arguing that most House Democrats would back the policy despite House Democratic Leader Hakeem Jeffries saying he would not support it.
#House #meet #democratic
#House #meet #democratic
3 months ago
By Rami Ayyub
TURMUS AYYA, West Bank, July 11 (Reuters) - U.S. Democratic lawmaker Ro Khanna said he was detained by Israeli settlers armed with U.S.-made rifles during a West Bank visit this week that he cast as an unfiltered look at the human toll of Israeli occupation as he weighs a 2028 presidential run.
Speaking with Reuters on Thursday in a Palestinian village, Khanna said his group's van was surrounded by settlers wielding M4 rifles a day earlier while touring a part of the southern West Bank where residents face frequent settler attacks.
"We were at a village that Israeli settlers had destroyed, they had destroyed the school, they had destroyed that village, and we were just looking at it," said Khanna, a progressive lawmaker from California in the U.S. House of Representatives.
"And these hoodlums come in with machine guns – M4, an American-made machine gun – and they detain us. They block off the road. And then they call the IDF and the IDF is on their side, not on the side of the Americans," Khanna said, referring to the Israeli military.
TURMUS AYYA, West Bank, July 11 (Reuters) - U.S. Democratic lawmaker Ro Khanna said he was detained by Israeli settlers armed with U.S.-made rifles during a West Bank visit this week that he cast as an unfiltered look at the human toll of Israeli occupation as he weighs a 2028 presidential run.
Speaking with Reuters on Thursday in a Palestinian village, Khanna said his group's van was surrounded by settlers wielding M4 rifles a day earlier while touring a part of the southern West Bank where residents face frequent settler attacks.
"We were at a village that Israeli settlers had destroyed, they had destroyed the school, they had destroyed that village, and we were just looking at it," said Khanna, a progressive lawmaker from California in the U.S. House of Representatives.
"And these hoodlums come in with machine guns – M4, an American-made machine gun – and they detain us. They block off the road. And then they call the IDF and the IDF is on their side, not on the side of the Americans," Khanna said, referring to the Israeli military.
3 months ago
Herbalife Ltd. (NYSE:HLF) is one of the best Seth Klarman portfolio stocks to buy. On June 25, Herbalife International India Pvt. Ltd., a subsidiary of Herbalife Ltd. (NYSE:HLF), and the Indian Institute of Technology Madras, or IIT Madras, inaugurated the Herbalife–IIT Madras Center of Excellence on Plant Cell Fermentation Technology in Chennai. This initiative marks India's first dedicated facility for translational research in this field.
Ken Wolter / Shutterstock.com
Herbalife India said in a statement that the center will be a national hub for research, development, and innovation in plant cell fermentation. Broadly, the goal is to establish India as a global leader in sustainable biomanufacturing and next-generation plant-derived wellness products, the company's statement reads.
The company said the facility combines advanced upstream cultivation systems with downstream processing and metabolomics platforms, which allow researchers to take early-stage lab discoveries and scale them up for real industrial use. Beyond research, the center is also meant to support technology transfer to companies, encourage entrepreneurship and start-ups in the biomanufacturing ***** e, and help build a skilled workforce in this emerging discipline.
Commenting on the initiative, Ajay Khanna, Herbalife India's Managing Director, said that the initiative will create "opportunities for researchers, students, and innovators to explore new applications of plant-based technologies and contribute to advancements in nutrition science."
Ken Wolter / Shutterstock.com
Herbalife India said in a statement that the center will be a national hub for research, development, and innovation in plant cell fermentation. Broadly, the goal is to establish India as a global leader in sustainable biomanufacturing and next-generation plant-derived wellness products, the company's statement reads.
The company said the facility combines advanced upstream cultivation systems with downstream processing and metabolomics platforms, which allow researchers to take early-stage lab discoveries and scale them up for real industrial use. Beyond research, the center is also meant to support technology transfer to companies, encourage entrepreneurship and start-ups in the biomanufacturing ***** e, and help build a skilled workforce in this emerging discipline.
Commenting on the initiative, Ajay Khanna, Herbalife India's Managing Director, said that the initiative will create "opportunities for researchers, students, and innovators to explore new applications of plant-based technologies and contribute to advancements in nutrition science."
3 months ago
Former FBI Deputy Director Dan Bongino accused top Democrats of putting "power" ahead of principle, insisting many have only turned on embattled Senate candidate Graham Platner after concluding he could no longer win.
"There were no principles involved here at all," Bongino told "The Ingraham Angle" on Tuesday.
"The left are the anti-anti-communist. They're just against us and whatever we stand for to advance their communist agenda, and this guy was a tool that's no longer sharp for them."
Kingmaker Mamdani Calls On Platner To 'Drop Out Of The Race' After Rape Allegation
Several Democrats and progressives, including New York City Mayor Zohran Mamdani, Rep. Ro Khanna, D-Calif., and Sens. Bernie Sanders, I-Vt., and Elizabeth Warren, D-Mass., have either rescinded their support for Platner or called on him to end his campaign following a rape accusation.
"There were no principles involved here at all," Bongino told "The Ingraham Angle" on Tuesday.
"The left are the anti-anti-communist. They're just against us and whatever we stand for to advance their communist agenda, and this guy was a tool that's no longer sharp for them."
Kingmaker Mamdani Calls On Platner To 'Drop Out Of The Race' After Rape Allegation
Several Democrats and progressives, including New York City Mayor Zohran Mamdani, Rep. Ro Khanna, D-Calif., and Sens. Bernie Sanders, I-Vt., and Elizabeth Warren, D-Mass., have either rescinded their support for Platner or called on him to end his campaign following a rape accusation.
