The annual Sun Valley conference is attended every year by business leaders across the globe.
Brendan McDermid/Reuters
The Allen & Co. Sun Valley Conference draws the ultrawealthy to Idaho for a weeklong retreat.
The event allows business leaders to connect — and potentially strike some deals.
Attendees include Open AI CEO Sam Altman, media heir Shari Redstone, and Disney CEO Bob Iger.
Investment firmAllen & Co.'s Sun Valley Conference is again drawing in the world's ultra-wealthy for a weeklong retreat in the idyllic Idaho wilderness from July 9 to July 13.
Often called the summer camp for billionaires, the conference has been held since the 1980s and provides CEOs and business leaders a chance to connect over outdoor activities and presentations on national security and geopolitics.
Sometimes, these leaders connect and create billion-dollar deals — like Disney's acquisition of ABC or Jeff Bezos' purchase of the Washington Post.
Although many well-known names have already made their way to the Sun Valley Lodge, some notable power players like Warren Buffett and Elon Musk will not be in attendance, Variety reported.
Here's who's already shown up.
Media heir Shari Redstone, who recently reached a deal for a Paramount-Skydance merger, was one of the first to arrive on Tuesday.
Shari Redstone
Kevork Djansezian/Getty Images
Redstone, who owned a majority stake in Paramount, agreed to sell her controlling shares to allow a merger between the flailing media company and Skydance.
"We're gonna save the world together!" Redstone said to reporters on Tuesday as she arrived, per Bloomberg's Michelle Davis.
OpenAI CEO Sam Altman, a Sun Valley regular, rolled up in a golf cart.
Disney CEO Bob Iger, who recently won his proxy war against activist investor Nelson Peltz, was also in attendance.
Bob Iger, CEO of Disney, arrives for the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho.
Brendan McDermid/Reuters
Peltz, the 81-year-old billionaire and former Disney investor critical of Iger's leadership, waged a $70 million campaign to place himself on Disney's board. Peltz failed and sold off his shares.
Apple CEO Tim Cook flashed a peace sign when he arrived for the conference.
Tim Cook, CEO of Apple.
Kevork Djansezian/Getty Images
Tim Cook, who succeeded Apple's founder Steve Jobs as CEO in 2011, said last year that he hopes his successor will "come from within Apple."
Former Meta COO Sheryl Sandberg is attending the conference with her husband Tom Bernthal
Sheryl Sandberg (right) and her husband, Tom Bernthal. Bernthal was a former NBC News producer.
Kevork Djansezian/Getty Images
Sheryl Sandberg stepped down as Meta's COO in June 2022 and left the social media giant's board in January 2024.
The Harvard alumna tied the knot with former NBC News producer Tom Bernthal in August 2022, seven years after the death of her husband Dave Goldberg.
Former Activision Blizzard CEO Bobby Kotick, who once dated Sandberg, was also in attendance
Bobby Kotick (center) stepped down as Activision Blizzard's CEO in December 2023.
Kevork Djansezian/Getty Images
Bobby Kotick left Activision Blizzard in December 2023, following Microsoft's acquisition of the company in October 2023. The Wall Street Journal reported in March that Kotick was thinking of buying TikTok.
In April, President Joe Biden signed a bill that would ban TikTok unless the social media platform's parent company, ByteDance, sold it.
Michael Eisner, former Disney CEO, was also in attendance.
Michael Eisner
Brendan McDermid/Reuters
Eisner served as CEO between 1984 and 2005 before Iger stepped in and took over.
David Zaslav, President and CEO of Warner Bros. Discovery, chatted with the press before entering the lodge.
David Zaslav, President and CEO of Warner Bros. Discovery, speaks to reporters as he arrives at the Allen & Company Sun Valley Conference in Sun Valley, Idaho.
Kevork Djansezian/Getty Images
Zaslav was also photographed chatting with Rob Manfred, Commissioner of Major League Baseball, outside the lodge.
Mary Barra, CEO of General Motors, walks past the press after her arrival Tuesday.
Mary Barra, CEO of General Motors
Brendan McDermid/Reuters
The GM CEO recently announced that the company would abandon its plan to be 100% electric and focus on hybrid vehicles.
Barry Diller, chairman and senior executive of IAC and Expedia Group, spoke to reporters while clutching bike handles.
Barry Diller, chairman and senior executive of IAC and Expedia Group, arrives at the Allen & Company Sun Valley Conference.
Alex Karp, CEO of Palantir Technologies, steps out of an SUV during his arrival Tuesday.
Alex Karp, CEO of Palantir Technologies
Brendan McDermid/Reuters
The Palantir CEO recently made controversial remarks about Pro-Palestine protesters at Columbia, saying that they should be sent to North Korea.
Billionaire and New England Patriots owner Robert Kraft was spotted arriving on Tuesday as well
Robert Kraft had been spotted at past conferences as well.
Kevork Djansezian/Getty Images
Robert Kraft, a frequent attendee, was seen in past conferences in 2021, 2022, and 2023.
The Columbia University alum and megadonor pulled his support for the Ivy League school after it became a hotbed of unrest and protests over Israel's war in Gaza.
A longevity expert shared some traits that superagers tend to have in common.
Drazen Zigic/Getty Images
There's no one secret to living to 110 like supercentenarians.
But supercentenarians tend to share nine traits, according to an expert.
These include having friends and maintaining a healthy weight.
A supercentenarian expert shared with Business Insider the nine things people who live to 110 and beyond have in common.
Jimmy Lindberg has studied thousands of supercentenarians in her role as a scientific advisor for Longeviquest, an organization that verifies the ages of the world's oldest people.
Shesaid factors out of our control —such as long-living relatives, being born in the winter months, and being female (95% of supercentenarians are women) — are associated with longevity. Living somewhere warm helps, too.
It's unsurprising that research also suggests wealth is a factor. According to the Financial Times, the poorest Americans live 50 fewer years than their wealthy counterparts, as they are more likely to be obese, be exposed to opioid use and gun violence, and have less financial security and access to medical care.
But "lifestyle is of course a contributor" to a long, healthy life, Linberg said. Here are the factors she shared.
Be resilient
Being resilient and able to endure hard times is one of the key predictors of longevity in supercentenarians, Lindberg said.
"You don't have to be a super endurance athlete or anything like that, but you have to keep going," she said.
A 2023 study by researchers at the Complutense University of Madrid on the traits centenarians tend to share found looking for a silver lining and carrying on in the face of adversity was common.
Spirituality, meaning believing in something greater than ourselves versus following a specific religion, is also very common among the supercentenarians that Lindberg has studied.
This is reflected in research, with one 2016 study by a team at Harvard T. H. Chan School of Public Health finding that women who attended a religious service more than once a week were 33% less likely to die of any cause, potentially because it provided social support and boosted their optimism.
Dr. Joseph Maroon, an 83-year-old neurosurgeon and Ironman triathlete, previously told BI that he believes spirituality has contributed to his health and longevity as much as diet and fitness.
Maintain a healthy weight
"There haven't really been any obese supercentenarians," Lindberg said. "They tend to maintain a relatively healthy weight throughout their lives."
Obesity is associated with an increased risk of conditions including heart disease, cancer, diabetes, kidney diseases, and liver disease — all of which increase the risk of early death.
One 2022 studypublished in the journal JAMA Network Open on 29,621 people found that those with a BMI of more than 30, which is considered "obese," lived to 77.7 on average, while people with "normal" or "overweight" BMIs (18.5-29.9) lived almost five years longer, to around 82.
Chronic diseases, such as heart disease, cancer, Alzheimer's, and diabetes, are the leading causes of death and disability in the US, according to the US Centers for Disease Control and Prevention.
Whether we develop chronic diseases is partly out of our control due to a range of factors from our genes to our environment, but there are certain steps we can take to lower our risk.
They include not smoking, eating a diet high in fruits and vegetables and low in sodium and saturated fats, being physically active, and reducing how much alcohol you drink, according to the CDC.
Eating a Mediterranean diet can help reduce the risks of developing chronic disease, BI previously reported.
Have a strong support network
Multiple studies have found links between maintaining strong social relationships with living longer, including the Harvard Study of Adult Development, an 85-year-long project that followed three generations to see what kept them healthy and happy.
Dr. Robert Waldinger, the study's lead researcher, previously told BI that healthy relationships had a surprisingly large impact on people's odds of living longer.
And, according to professor Rose Anne Kenny, a gerontologist at Trinity College Dublin, having good relationships is just as important to longevity as eating well and exercising.
It was a sobering Wednesday session for the S&P/ASX 200 Index (ASX: XJO) and many ASX shares today.
After recording a strong gain yesterday, investors appear to have gotten cold feet overnight. By the time trading wrapped up, the ASX 200 had fallen by 0.16% to finish at 7,816.8 points.
This not-so-happy hump day for ASX shares comes after a mixed night of trading over on the US markets last night.
The Dow Jones Industrial Average Index (DJX: DJI) had a miserly time of it, dropping 0.13%.
It was a little better for the Nasdaq Composite Index (NASDAQ: .IXIC) though, which inched 0.14% higher.
But let’s get back to talking about ASX shares and take a look at what was going on amongst the various ASX sectors today.
Winners and losers
Despite the market’s drop, quite a few sectors increased in value this Wednesday.
But more on those in a moment.
The worst-performing sector today was mining shares. The S&P/ASX 200 Materials Index (ASX: XMJ) had a shocker, tanking 1.2%.
Utilities stocks weren’t too far off that, with the S&P/ASX 200 Utilities Index (ASX: XUJ) plunging 1.17%.
Energy shares were also on the nose. The S&P/ASX 200 Energy Index (ASX: XEJ) cratered by 0.64% today.
Tech stocks fared a little better, but the S&P/ASX 200 Information Technology Index (ASX: XIJ) still fell 0.17%.
Healthcare stocks were our last losers of the day. The S&P/ASX 200 Healthcare Index (ASX: XHJ) retreated by a rather unhealthy 0.14%.
But, believe it or not, that’s it for the losers.
Leading the winners today were communications shares. The S&P/ASX 200 Communication Services Index (ASX: XTJ) had a great time, rocketing up 1.44%.
Gold stocks were also running hot, with the All Ordinaries Gold Index (ASX: XGD) recording a rise of 0.33%.
Consumer staples shares were in demand as well. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) ended up gaining 0.25%.
Financial shares proved to be another bright spot, illustrated by the S&P/ASX 200 Financials Index (ASX: XFJ)’s 0.21% lift.
Industrial shares also had a pleasant day. The S&P/ASX 200 Industrials Index (ASX: XNJ) ended up enjoying a 0.14% markup.
Finally, consumer discretionary stocks saw a small increase in value, with the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) inching 0.08% higher.
Top 10 ASX 200 shares countdown
Today’s best share on the index was none other than gaming stock Star Entertainment Group Ltd (ASX: SGR). Star shares soared by 3.06% today, up to 50.5 cents each.
That was despite a complete lack of catalysts for such a move out of the company today.
Here’s how the rest of the top ten pulled up this Wednesday:
Pinnacle Investment Management Group Ltd (ASX: PNI)
$15.29
1.87%
Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.
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Motley Fool contributor Sebastian Bowen has positions in Telstra Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Megaport and Pinnacle Investment Management Group. The Motley Fool Australia has positions in and has recommended Pinnacle Investment Management Group, Steadfast Group, and Telstra Group. The Motley Fool Australia has recommended Jb Hi-Fi and Megaport. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
Sam Altman, CEO of OpenAI, arrives at the Allen & Company Sun Valley Conference on July 9, 2024 in Sun Valley, Idaho.
Kevork Djansezian/Getty Images
An ex-OpenAI employee said the firm is going down the path of the Titanic with its safety decisions.
William Saunders warned of the hubris around the safety of the Titanic, which had been deemed "unsinkable."
Saunders, who was at OpenAI for 3 years, has been critical of the firm's corporate governance.
A former safety employee at OpenAI said the company is following in the footsteps of White Star Line, the company that built the Titanic.
"I really didn't want to end up working for the Titanic of AI, and so that's why I resigned," said William Saunders, who worked for three years as a member of technical staff on OpenAI's superalignment team.
"During my three years at OpenAI, I would sometimes ask myself a question. Was the path that OpenAI was on more like the Apollo program or more like the Titanic?" he said.
The software engineer's concerns stem largely from OpenAI's plan to achieve Artificial General Intelligence — the point where AI can teach itself — while also debuting paid products.
"They're on this trajectory to change the world, and yet when they release things, their priorities are more like a product company. And I think that is what is most unsettling," Saunders said.
Apollo vs Titanic
As Saunders spent more time at OpenAI, he felt leaders were making decisions more akin to "building the Titanic, prioritizing getting out newer, shinier products."
He would have much preferred a mood like the Apollo space program's, which he characterized as an example of an ambitious project that "was about carefully predicting and assessing risks" while pushing scientific limits.
"Even when big problems happened, like Apollo 13, they had enough sort of like redundancy, and were able to adapt to the situation in order to bring everyone back safely," he said.
The Titanic, on the other hand, was built by White Star Line as it competed with its rivals to make bigger cruise liners, Saunders said.
Saunders fears that, like with the Titanic's safeguards, OpenAI could be relying too heavily on its current measures and research for AI safety.
"Lots of work went into making the ship safe and building watertight compartments so that they could say that it was unsinkable," he said. "But at the same time, there weren't enough lifeboats for everyone. So when disaster struck, a lot of people died."
To be sure, the Apollo missions were conducted against the backdrop of a Cold War space race with Russia. They also involved several serious casualties, including three NASA astronauts who died in 1967 due to an electrical fire during a test.
Explaining his analogy further in an email to Business Insider, Saunders wrote: "Yes, the Apollo program had its own tragedies. It is not possible to develop AGI or any new technology with zero risk. What I would like to see is the company taking all possible reasonable steps to prevent these risks."
OpenAI needs more 'lifeboats,' Saunders says
Saunders told BI that a "Titanic disaster" for AI could manifest in a model that can launch a large-scale cyberattack, persuade people en masse in a campaign, or help build biological weapons.
In the near term, OpenAI should invest in additional "lifeboats," like delaying the release of new language models so teams can research potential harms, he said in his email.
While in the superalignment team, Saunders led a group of four staff dedicated to understanding how AI language models behave — which he said humans don't know enough about.
"If in the future we build AI systems as smart or smarter than most humans, we will need techniques to be able to tell if these systems are hiding capabilities or motivations," he wrote in his email.
Ilya Sutskever, cofounder of OpenAI, left the firm in June after leading its superalignment division.
JACK GUEZ/AFP via Getty Images
In his interview with Kantrowitz, Saunders added that company staff often discussed theories about how the reality of AI becoming a "wildly transformative" force could come in just a few years.
"I think when the company is talking about this, they have a duty to put in the work to prepare for that," he said.
But he's been disappointed with OpenAI's actions so far.
In his email to BI, he said: "While there are employees at OpenAI doing good work on understanding and preventing risks, I did not see a sufficient prioritization of this work."
OpenAI did not immediately respond to a request for comment sent outside regular business hours by Business Insider.
Tech companies like OpenAI, Apple, Google, and Meta have been engaged in an AI arms race, sparking investment furor in what is widely predicted to be the next great industry disruptor akin to the internet.
The breakneck pace of development has prompted some employees and experts to warn that more corporate governance is needed to avoid future catastrophes.
In early June, a group of former and current employees at Google's Deepmind and OpenAI — including Saunders — published an open letter warning that current industry oversight standards were insufficient to safeguard against disaster for humanity.
A Navy sailor got into trouble for trying to access Joe Biden's medical records.
But he ended up accessing the records of another person called "Joseph Biden," officials said.
The sailor, who was disciplined after a probe, said he only did it "out of curiosity."
A Navy sailor was disciplined after he tried to access President Joe Biden's medical records.
The unnamed sailor was stationed at Fort Belvoir in Virginia, serving in the Navy's hospital corps, CBS News reported.
On February 23, he looked up "Joseph Biden" on the military's Genesis Medical Health System three times, an official familiar with the situation told CBS News.
One of the sailor's coworkers reported the breach on February 26, prompting an investigation into the case.
But the sailor ended up pulling the record of another man with the same name as the president.
"He did not pull up the right Joe Biden," the official told CBS News.
"The MHS Genesis system is a secure health system, and at no time was the President's personal information compromised," Navy Commander Tim Hawkins said to CBS News.
The official told the outlet that the sailor admitted to the act, and said he had tried to access the records "out of curiosity."
The Associated Press reported that the sailor received administrative discipline but remained in the Navy after the probe.
Curiosity about the president's health may have peaked recently, particularly after his poor debate performance with former President Donald Trump left many questioning his fitness to run for a second term.
And a Monday White House press briefing turned heated when reporters probed Press Secretary Karine Jean-Pierre for details of a neurologist's visits to the White House.
White House physician Dr. Kevin O'Connor said in a statement on Monday night that the president saw neurologist and Parkinson's expert Kevin Cannard yearly, and the most recent tests showed no sign of Parkinson's.
For his part, Biden has maintained that he is fit for the job and that he will not step aside.
Anonymous sources told Politico that during a Zoom call with his staffers on July 3, the president said: "Let me say this as clearly as I possibly can — as simply and straightforward as I can: I am running."
Biden reiterated this in a letter to House Democrats on Monday, writing: "I wouldn't be running again if I did not absolutely believe I was the best person to beat Donald Trump in 2024."
Representatives for Biden and the Navy didn't immediately respond to requests for comment sent outside regular business hours.
If you want some income options outside the status quo of Commonwealth Bank of Australia (ASX: CBA) or Westpac Banking Corp (ASX: WBC), then it could be worth looking at the two ASX dividend stocks listed below.
Here’s why brokers think they could be in the buy zone today:
If you don’t mind investing in the mining sector, then South32 could be an ASX dividend stock to buy right now.
That’s the view of analysts at Goldman Sachs, which believe that the diversified miner is undervalued. This is due largely to the favourable outlook for copper, aluminium, zinc, and met coal prices. It explains:
GS are bullish copper, aluminium, zinc and met coal (~65% of S32 NTM EBITDA) in CY24. Together with lower capex, working cap unwind and higher production, we forecast ~US$550mn of FCF in the June H. On our forecasts, S32 is trading on a FCF yield of 9% in FY25 (10% at spot). [â¦] Attractive valuation: although trading at ~1xNAV (A$3.77/sh), on near term multiples S32 is trading on an attractive NTM EV/EBITDA multiple of ~4.5x vs. the global sector average of 5.7x.
Goldman also believes that the South32 dividend is about to jump. It is forecasting fully franked dividends per share of 4 US cents in FY 2024, then 12 US cents in FY 2025 and 18 US cents in FY 2026. Based on its latest share price of $3.64 and current exchange rates, this will mean dividend yields of 1.7%, 4.9%, and 7.3%, respectively.
Goldman has a buy rating and $4.30 price target on South32’s shares.
Bell Potter thinks that SRG Global could be a top ASX dividend stock to buy this month. It has a buy rating and $1.30 price target on its shares.
SRG Global is a diversified industrial services group that provides multidisciplinary construction, maintenance, production drilling and geotechnical services.
Bell Potter is positive on the company due to its belief that SRG Global will be a big winner from construction activity and accelerating growth in iron ore and gold production volumes. It explains:
SRG’s short-to-medium term outlook is reinforced by Government-stimulated construction activity in the Infrastructure and Non-Residential sectors and increased development and sustaining capital expenditures in the Resources industry. The resulting expansion in infrastructure bases across these sectors will likely support increased demand for asset care and maintenance in the medium to long-term. We anticipate Mining Services will be a beneficiary of accelerating growth in iron ore and gold production volumes over the next five years.
In respect to income, Bell Potter is forecasting fully franked dividends of 4.7 cents in FY 2024 and then 6.7 cents in FY 2025. Based on its current share price of 89 cents, this will mean dividend yields of 5.3% and 7.5%, respectively.
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Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has recommended Srg Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
Disney cruises will start sailing from Tokyo by 2029.
Daniel Slim via Getty Images
Tokyo Disneyland's owner, Oriental Land, will invest $2 billion to bring Disney cruises to Japan.
The cruise will operate year-round from Japan starting in early 2029, serving 4,000 guests per sail.
Disney's cruise business, including parks, contributed 37% to its revenue last year.
Tokyo Disneyland's owner is doubling down on the Disney magic with a new investment in cruises.
Oriental Land, which owns and operates Disney Resorts in Tokyo, saidon Tuesday it will invest $2 billion to launch Disney cruises in Japan.
The Tokyo theme park, which opened in 1983, operates like a franchise. It's the only park not fully or partly owned by the Walt Disney Company.
The new agreement with the Mickey Mouse and Toy Story producer will bring year-round cruises to Japan, the company said in a release on Tuesday. The cruise will sail from Tokyo by early 2029.
The 1,250-room cruise will be designed similarly to the Disney Wish, the largest cruise in the Disney fleet. It is expected to carry 4,000 guests.
The new cruise comes as international tourism to Japan skyrockets. In the first three months of the year, 8.6 million tourists visited the country and spent over $11 billion, with more foreigners booking longer trips and spending more because of a weak yen.
The ship marks Disney's second cruise in Asia, after the company announced cruises sailing from Singapore in 2025 last month.
Experiences, which include cruises and parks, made up 37% of Disney's revenue last year — $32.5 billion.
"The cruise business, frankly, is one that has an enormous number of opportunities for us over time, and that is why we're leaning more heavily into that business," said Hugh Johnston, Disney's chief financial officer, on a May earnings call.
Johnston also highlighted "global moderation from peak post-COVID travel" and higher wages as challenges for the company this year.
Disney has five ships in its fleet, which travel to destinations like the Caribbean, Europe, Alaska, Mexico, Canada, Hawaii, the South Pacific, Australia, and New Zealand. A four-night cruise from Florida to the Bahamas starts at about $900 per guest.
Former President Donald Trump (left) has tried out different nicknames for Vice President Kamala Harris (right), like "Laffin' Kamala Harris" and "Cackling Copilot Kamala Harris."
Justin Sullivan via Getty Images; Arturo Holmes via Getty Images
Joe Biden insists that he's still running for reelection.
But his rival, Donald Trump, seems to be preparing for his running mate, Kamala Harris, to replace him.
Trump has started using nicknames like "Laffin' Kamala Harris" and "Cackling Copilot Kamala Harris."
President Joe Biden may still be the presumptive Democratic presidential nominee, but former President Donald Trump doesn't seem to think he will be for long.
Trump has been lasering in on Vice President Kamala Harris in the weeks following Biden's stumbling performance at their debate on June 27. Harris is widely seen as the most likely replacement for Biden if he were to step aside — as his second-in-command, who will also have access to his campaign war chest.
Trump did address the possibility that he might be up against Harris in a video he posted on his Truth Social account on July 3. In that clip, he heaped scorn on Harris' chances of beating him.
"I got him out the race, and that means we have Kamala," Trump said in the clip.
"She's so bad. She's so pathetic. She's just so fucking bad," he added.
But Trump didn't stop there. On Independence Day, he referenced Harris again in another Truth Social post slamming his opponents.
"Respects to our potentially new Democrat Challenger, Laffin' Kamala Harris," Trump said, using a new nickname for the vice president.
"She did poorly in the Democrat Nominating process, starting out at Number Two, and ending up defeated and dropping out, even before getting to Iowa, but that doesn't mean she's not a 'highly talented' politician!" Trump continued, referencing Harris' performance in the 2020 Democratic presidential primaries.
In fact, "Laffin' Kamala Harris" isn't the only nickname he's coined for her. Trump's campaign used a different nickname for her in a statement released the day before.
"Every Democrat who is calling on Crooked Joe Biden to quit was once a supporter of Biden and his failed policies that lead to extreme inflation, an open border, and chaos at home and abroad," Trump campaign advisors Chris LaCivita and Susie Wiles said on July 3.
"Every one of them has lied about Joe Biden's cognitive state and supported his disastrous policies over the past four years, especially Cackling Copilot Kamala Harris," the statement continued.
For what it's worth, Trump has a fondness for giving his political opponents unsavory nicknames. In most cases, the derisive nicknames poke fun at a person's physical traits or quirks.
In 2016, he ripped his primary opponents, Senators Marco Rubio and Ted Cruz, calling them "Little Marco" and "Lyin' Ted" respectively. He also dubbed his former protégé, Gov. Ron DeSantis of Florida, "Ron DeSanctimonious."
Trump has applied his penchant for name-calling to his Democratic rivals too, dubbing Hillary Clinton "Crooked Hillary" and Joe Biden "Sleepy Joe."
In Harris' case, Trump appears to be honing in on how she laughs.
To be sure, Harris has brushed aside calls for her to run for president. The former California senator has instead chosen to double down on her support for Biden and has repeatedly insisted that Biden is fit to lead.
"We always knew this election would be tough, and the past few days have been a reminder that running for president of the United States is never easy," Harris said at a campaign event on Tuesday, per The Washington Post.
"But the one thing we know about our president, Joe Biden, is that he is a fighter and he is the first to say, when you get knocked down, you get back up," she continued.
Representatives for Harris did not immediately respond to requests for comment from BI sent outside regular business hours.
Sharon Stone says people took advantage of her after she suffered a stroke.
Axelle/Bauer-Griffin/FilmMagic
Sharon Stone, 66, says she lost $18 million in savings after her stroke when people took advantage of her.
"My refrigerator, my phone — everything was in other people's names," Stone told The Hollywood Reporter.
But even though her health improved, her acting career did not, Stone said at a 2023 event.
Sharon Stone, 66, is opening up about how she dealt with the aftermath of a stroke in 2001.
In an interview with The Hollywood Reporter, published on Tuesday, the actor spoke about how the health crisis changed her perspective on life.
"I had a death experience and then they brought me back. I bled into my brain for nine days, so my brain was shoved to the front of my face. It wasn't positioned in my head where it was before. And while that was happening, everything changed. My sense of smell, my sight, my touch. I couldn't read for a couple of years. Things were stretched and I was seeing color patterns," Stone told The Hollywood Reporter.
The "Basic Instinct" actor said that a lot of people thought she was going to die.
It took her seven years to recover from the debilitating stroke, and Stone shared that people ended up taking advantage of her during that time.
"I had $18 million saved because of all my success, but when I got back into my bank account, it was all gone. My refrigerator, my phone — everything was in other people's names," Stone said. "I had zero money."
In July 2019, Stone told Variety about the struggles she experienced while recovering from her stroke, including having to remortgage her house and losing custody of her son during her divorce.
"I lost everything I had. I lost my place in the business. I was like the hottest movie star, you know?" she said. "It was like Miss Princess Diana and I were so famous — and she died and I had a stroke. And we were forgotten."
But even though her health improved, her acting career did not, Stone said at The Hollywood Reporter's "Raising Our Voices" event in June 2023, per Page Six.
"Something went wrong with me — I've been out for 20 years," Stone said, per Page Six. "I haven't had jobs."
According to her IMDB page, Stone has had acting credits in TV, film, and music videos every year since 2003, but none can compare to her '90s fame.
Four years after the iconic scene in "Basic Instinct," involving a peek up her skirt, Stone went on to secure an Academy Award nomination for her role in Martin Scorsese's "Casino" in 1996.
Stone's latest project, "What About Love," was released in February, featuring Andy Garcia. While the film received poor ratings from critics, it implied that Stone isn't ready to take her final bow just yet.
The Yancoal Australia Ltd (ASX: YAL) share price just closed out a smashing 2024 financial year.
Shares in the All Ordinaries Index (ASX: XAO) coal stock finished off FY 2023 trading at $4.58. Shares closed on 28 June, the last trading day of FY 2024, changing hands for $6.62 apiece.
That saw the Yancoal share price up a whopping 44.5% over the 12 months.
For some context, the All Ords gained 8.3% over this same time.
And this stellar performance doesn’t even include the outsized dividends the coal miner paid out. In FY 2024 eligible investors will have received a total of 69.5 cents a share in fully franked dividends.
If we add those back in, the accumulated value of the Yancoal share price leapt 59.7% over the financial year just past.
Why did the ASX coal stock have such a strong year?
Yancoal has done a good job keeping a lid on costs while increasing production, even as it focused on its mine recovery plans.
In fact, Q2 FY 2024 saw the miner achieve its highest rate of quarterly production in three years, offering another boost to the Yancoal share price.
As for Q3 FY 2024, the miner continued to generate strong cash flows. Yancoal held $1.66 billion in cash at the end of March. That was before paying out $429 million for the final dividend on 30 April.
With that picture in mind, what can investors expect from the Yancoal share price in FY 2025?
What’s ahead for the Yancoal share price in FY 2025?
Much of the performance of the Yancoal share price will be determined by the price the miner receives for its thermal and coking coal.
In 2023, the company’s realised price came out to AU$180 per tonne.
That’s roughly double the cash operating costs of $80 to $97 per tonne that Yancoal is targeting in H1 FY 2025. Cash operating costs were AU$96 per tonne in calendar year 2023.
Looking to the year ahead, back in April, CEO David Moult said:
We see Yancoal’s large-scale, low-cost coal production profile as well suited to the current coal market conditions. Having no interest-bearing loans, a large net cash position and robust operating margins provides us with the capacity to act should suitable growth opportunities arise.
The miner’s 2024 calendar year guidance is for 35 million to 39 million tonnes of attributable saleable production.
On 30 May, at the annual general meeting, the miner reported:
Output will vary quarter-to-quarter due to mine plan sequences, longwall moves and planned maintenance, and there will be a second half weighting to the production profile.
We aim to bring the cash operating costs per tonne down from the full-year 2023 level and are focused on output given the direct relationship between the volumes we produce and the per tonne cash operating costs we report.
Halfway through week two of FY 2025, the Yancoal share price stands at $7.27. That’s up 9.8% so far in the new financial year.
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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.