Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2025-04-02 13:14:33| Fast Company

Judge Susan Crawford preserved liberals’ narrow majority on the Wisconsin Supreme Court Tuesday by defeating conservative Brad Schimel, but in a way the real loser of the election was billionaire Elon Musk.Musk and his affiliated groups sunk at least $21 million into the normally low-profile race and paid three individual voters $1 million each for signing a petition in an effort to goose turnout in the pivotal battleground state contest. That made the race the first major test of the political impact of Musk, whose prominence in President Donald Trump’s administration has skyrocketed with his chaotic cost-cutting initiative that has slashed federal agencies.Crawford and the Democrats who backed her made Musk the focus of their arguments for holding the seat, contending he was “buying” the election, which set records for the costliest judicial race in history.“Today Wisconsinites fended off an unprecedented attack on our democracy, our fair elections, and our Supreme Court,” Crawford said in her victory speech. “And Wisconsin stood up and said loudly that justice does not have a price, our courts are not for sale.”Trump endorsed Schimel as the race turned into a proxy fight over national political issues. The state’s high court can rule on cases involving voting rights and redistricting in a state likely to be at the center of both next year’s midterm elections and the 2028 presidential contest.But Musk’s involvement dialed those dynamics up to 11: “A seemingly small election could determine the fate of Western civilization,” the billionaire said Tuesday in a last-ditch call to voters on his social media site X. “I think it matters for the future of the world.”Notably, America PAC, the super PAC backed by Musk, spent at least $6 million on vendors who sent door-to-door canvassers across the state, according to the nonpartisan Wisconsin Democracy Campaign. It was a reprise of what the group did across the seven most competitive presidential battleground states, including Wisconsin, which were carried by Trump in November.But the end results this time were not good for Musk. Despite the millions he spent on Schimel, as of late Tuesday night the Supreme Court candidate was losing by four percentage points more than the other Republican-backed statewide candidate, Brittany Kinser, who also fell short in her bid for superintendent of public instruction.Musk’s court race defeat wasn’t only because of crushing Democratic margins in deep blue cities like Madison and Milwaukee. Crawford’s margins were higher in places where the Musk-backed group America PAC had been active, including Sauk County, just north of Madison, which Crawford was carrying by 10 points after Trump won it by less than two points in November.In Brown County, the home of Green Bay where Musk headlined a campaign rally with 2,000 people on Sunday, Crawford beat Schimel. Trump won the county by seven percentage points last year.Overnight, Musk posted on his X platform that “The long con of the left is corruption of the judiciary.” In another comment, he seemed to take solace from voters’ approval to elevate the state’s photo ID requirement from state law to constitutional amendment. The platform was rife with criticism from Trump opponents for his involvement in the race.“Please send @elonmusk to all the close races!” Jon Favreau, former speechwriter for President Barack Obama, wrote.“Elon Musk is not good at this,” J.B. Pritzker, Illinois’ Democratic governor and a billionaire himself who donated to support Crawford, posted on X.Voters definitely had Musk on their minds.“There’s an insane situation going on with the Trump administration, and it feels like Elon Musk is trying to buy votes,” said Kenneth Gifford, a 22-year-old Milwaukee college student, as he cast his ballot on Tuesday. “I want an actual, respectable democracy.”Others may not have had their vote decided by the billionaire but were all-too aware of the money pouring into their state.Jim Seeger, a 68-year-old retiree who previously worked in communications and marketing, said he voted for Schimel because he wants Republicans to maintain their outsized majority in Wisconsin’s congressional delegation, which could be at risk if Crawford wins and the court orders the maps redrawn. But, he added, he was disappointed the election had become a “financial race.”“I think it’s a shame that we have to spend this much money, especially on a judicial race,” Seeger said as he voted in Eau Claire.Wisconsin’s Democratic Attorney General, Josh Kaul, sued to bar Musk from making his payments to voters if they signed a petition against “activist judges.” The state Supreme Court unanimously declined to rule on the case over a technicality.Musk swooped into the race shortly after Trump’s inauguration. Republicans were pessimistic about being able to win the seat. They lost a longtime conservative majority on the state high court in 2023, and Democrats have excelled in turning out their educated, politically tuned-in coalition during obscure elections such as the one in Wisconsin.Musk duplicated and expanded on some of the methods he used in the final weeks of last year’s presidential race, when he spent more than $200 million on Trump’s behalf in the seven swing states, including Wisconsin.This time, in addition to the $1 million checks, Musk offered to pay $20 to anyone who signed up on his group’s site to knock on doors for Schimel and posted a photo of themselves as proof. His organization promised $100 to every voter who signed the petition against liberal judges and another $100 for every signer they referred.Democrats were happy to make Musk a lightning rod in the race.“People do not want to see Elon Musk buying election after election after election,” Wisconsin Democratic Party Chair Ben Wikler said Monday. “If it works here, he’s going to do it all over the country.” Riccardi reported from Denver. Associated Press writer Meg Kinnard in Washington contributed to this report. Nicholas Riccardi and Thomas Beaumont, Associated Press


Category: E-Commerce

 

LATEST NEWS

2025-04-02 13:00:00| Fast Company

Glen Powell has done it all on screenfrom battling storms in Twisters to trading banter in the rom-com Anyone but You. But his latest role? Its a little unexpected: reinventing the American pantry. The actor is stepping into the food world as a cofounder of Smash Kitchen, a new condiment brand hitting Walmart shelves nationwide on April 2. The line includes ketchup, mustard, mayo, and BBQ sauceall made with better-for-you ingredients like organic tomatoes and mustard seeds, cage-free organic eggs, and none of the usual suspects like high-fructose corn syrup or artificial additives. The goal? To bring all your favorite condiments under one cleaner, tastier brand. Were trying to give you the flavor that you love and youre used to, with more integrity, Powell tells Fast Company. When you look at these legacy brands, they dont evolve because they dont have to evolve.  The Powell-backed brand is leaping into the $12 billion U.S. condiments category, which is projected to grow an additional $1 billion by 2029, according to market researcher Mintel. Unlike other food categories like coffee, soda, and yogurt where upstart brands have made inroads, Unilevers Hellmanns mayonnaise, Kraft Heinzs namesake ketchup, and McCormicks Frenchs mustard are the market leaders and have easily retained those positions for decades. [Image: Smash Kitchen] We have a tremendous sense of loyalty to these brands, says Matthew Barry, food and beverage insight manager at researcher Euromonitor International. People are really attached to Hellmanns and Heinz ketchup. Smash Kitchen is the first business venture that Powell has announced outside of his career as an entertainer, which began with his big screen acting debut in the 2003 film Spy Kids 3: Game Over. Powell has since racked up dozens of film and TV credits and recently formed his own production company called Barnstorm. The creation of Smash Kitchen, Powell says, was inspired by his affinity for hosting dinner parties and barbecues in Los Angeles and his home state of Texas. My family life and my favorite memories always evolved around the kitchen, says Powell. Food is how we show our love. Smash Kitchen is backed by venture capital firm Collaborative Fund, an early investor in Olipop, Sweetgreen, and Blue Bottle Coffee. Powells co-founders Smash Kitchen CEO Sameer Mehta, a cofounder of dog food brand Jinx and former VP of strategic partners at mattress company Casper, and President Sean Kane, who co-founded consumer goods purveyor the Honest Company. The trio were brought together through a mutual connection with venture capital fund Iconiq Capital founder Divesh Makan. Ultimately, you shouldn’t have to choose what’s better for your budget and and better for your health, and Glenn is super excited to be able to bring that to not only his family, but people everywhere, says Kane.  Smash Kitchens pitch to shoppers is not only a focus on a cleaner nutritional label that avoids high fructose corn syrup and tomato concentrate, but prioritizing the creation of condiments that taste good. Retailers, Mehta says, told the team that people arent picking up condiments for health benefits. They are picking it up for the flavor. The more distinctive flavors from Smash Kitchen, like hot honey BBQ sauce and spicy mayo, may have greater success luring shoppers, as those flavor profiles arent as intrinsically linked to childhood memories as the classic Heinz ketchup. Weve seen hot honey get household recognition within the pizza category, says Mehta. Nobody has infused it with ketchup. Its a flavor profile that we know consumers are wanting. Theres no hot honey sauce that is so emotionally resonant and widespread among the American consumer, says Barry. Its open to disruption. Anyone could be the hot honey sauce of America.  Smash Kitchens range is priced slightly above what larger rivals command. The classic 20-ounce ketchup has a standard list price of $3.97 versus Heinzs $3.48 at Walmart.com. Smashs yellow mustard is priced at $3.47, compared to $2.54 for Frenchs. Barry says inflation-wary shoppers remain particularly sensitive to grocery prices, but may be willing to spend a bit more on a cleaner ingredient label. The organic claim, he adds, has lost some luster because it has become so ubiquitous across the grocery store. If you can be a little fun treat for people, a little moment of happiness and joy at a reasonable price point, thats really prominent right now, says Barry.


Category: E-Commerce

 

2025-04-02 12:16:53| Fast Company

Audiences are used to Hollywood mining pre-existing material for movies. For over two decades now, the industrys go-to source for blockbusters has been comic books. And increasingly, its been video games. But occasionally, Hollywood turns to Reddit, too. This week, it was announced that the popular Hollywood actress Sydney Sweeney had acquired the film rights to a four-year-old Reddit post. As noted by The Hollywood Reporter, the Reddit post in question is a short story by a Massachusetts-based high school English teacher named Joe Cote. That short story and post, titled I pretended to be a missing girl so I could rob her family, is about a girl who shows up at the house of a family whose daughter went missing years earlier. The girl says she is their missing daughter so she can stay with them for the nighta lie she uses in her attempt to rob their house. The Hollywood Reporter says that Warner Bros. won the rights to the film deal, which was described as competitive. Warner Bros. picked up the rights after Sydney Sweeney became attached to star in and produce the short story adaptation. Sweeney reportedly then brought Oscar-winning scriptwriter Eric Roth, of Forrest Gump fame, to make the story into a screenplay. A release date and director have not yet been announced. Hollywood has been interested in adapting Reddit posts into films before But I pretended to be a missing girl isnt the only Reddit post that has been picked up for a movie adaptation before. This is actually the second confirmed time a Reddit post has attracted Hollywoods attention. The first time happened nearly 14 years ago.  As reported by Variety in 2011, Warner Bros. (seems like the studio loves Reddit, doesnt it?) picked up the film rights to a Reddit post with the lengthy title Could I destroy the entire Roman Empire during the reign of Augustus if I traveled back in time with a modern U.S. Marine infantry battalion or MEU? This post was another short story, and this one explored what would happen if a group of modern-day U.S. Marines were transported back in time to the Roman Empire. The film adaptations working title was Rome, Sweet Rome. The short story was written by author and Jeopardy! champion James Erwin. However, those Reddit scribes hopeful that their next postshort story or otherwisewill be picked up by Hollywood and see them soon walking down the red carpet need to understand one thing: just because a studio picks up the film rights to something doesnt mean that the film will ever see the light of day. The majority of acquired film rights go on to languish in development hell, an industry term used to describe projects that get stuck in purgatory for whatever reason, often due to a revolving door of talent coming to and leaving a project. In 2018, Little White Lies reported that Rome, Sweet Rome was stuck in development hell. Of course, just getting anything picked up by Hollywood, even if it is never made into a movie, is a success in its own right. And when it comes to Reddit posts, its now happened at least twice. As the superhero genre continues to die a slow death, Hollywood is certain to be looking for something it can generate movie ideas from for years to come. As the two examples above show, Reddit may be one of those places.


Category: E-Commerce

 

Latest from this category

03.04Affordable childcare seemed like an impossible task. This is the simple way Vermont pulled it off
03.04Ikea just designed its new bathroom products to make life easier for everyone
03.04How a multi-generational C-suite can future-proof your business
03.04How to drive performance without playing the blame game
03.04This small Montana town is the gateway to Yellowstone. Trumps budget cuts could decimate it
03.04QVC, the original video shopping network, is pivoting to TikTok
03.04California now has more EV chargers than gas pumpsbut its still not enough
03.04A once-abandoned parking garage in Buenos Aires is now a stunning tower with a park on top
E-Commerce »

All news

03.04Affordable childcare seemed like an impossible task. This is the simple way Vermont pulled it off
03.04Ikea just designed its new bathroom products to make life easier for everyone
03.04Global stocks slide as Trump tariffs hit markets
03.04This small Montana town is the gateway to Yellowstone. Trumps budget cuts could decimate it
03.04How to drive performance without playing the blame game
03.04How a multi-generational C-suite can future-proof your business
03.04Buy on Dips: Rahul Sharma sees favorable risk-reward for long positions
03.04Can Trump's sweeping global tariffs spark a manufacturing boom in India?
More »
Privacy policy . Copyright . Contact form .