Insider Finance - Business - Trump’s historic day in court

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April 4, 2023

Hello, Insiders. This is Jennifer H. Cunningham, editor in chief of Insider’s news division. Today, former President Donald Trump will be arraigned in his criminal hush money case in New York City. We’ve got reporters in the courtroom and on the scene to follow every twist and turn of this historic day, including what will happen while Trump is in custody — as well as his plans following his release. Be sure to follow our live blog for up-to-the-minute coverage of Trump’s day in court.

And here’s what we’re covering in this edition:

Viral fast-food hacks prove appetites haven't caught up to the climate crisis.
America is addicted to parking lots — and it's killing the economy.
Apple told some corporate retail employees to reapply for their jobs or be laid off.

— Jennifer H. Cunningham

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THE LATEST

Trump, DeSantis, & Virgin

Trump says Manhattan DA Alvin Bragg should “INDICT HIMSELF,” just hours ahead of his own arraignment. Follow updates live.
Gov. Ron DeSantis of Florida ordered his top investigator to see if Disney execs were personally involved with making the loophole to thwart him. Read more.
Richard Branson's Virgin Orbit rocket firm filed for bankruptcy. More here.

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THE BIG STORY

The Great Transition

Photo by Jerry Cooke/Corbis via Getty Images; Alyssa Powell/Insider

American appetites haven't caught up to the climate crisis. The cult-like following that Chipotle and other chains have — Taco Bell even inspires weddings — is a reminder that perhaps nothing is more American than fast food.

But our devotion to burgers and burritos creates a major dilemma for chains that have pledged to reduce their climate impact: Trimming some of the meat from the menu risks angering customers, but failing to do so puts the planet at risk.

That’s because reducing methane emissions from cattle is one of the fastest ways to slow global warming.

As part of the new series, “The Great Transition” — from Insider’s One Planet climate-action initiative — our senior reporter Catherine Boudreau lays out how fast-food brands could make a difference by shaping tastes and the market.

READ THE FULL STORY HERE

TOP READS

Starbucks, Salesforce, & more

iStock; Robyn Phelps/Insider

America’s parking addiction is crushing our economy. The money and resources dedicated to parking could be used for other purposes, but breaking our reliance on parking will be difficult. More on the stunning costs of parking.
The NBA star Giannis Antetokounmpo spread his money across half a dozen bank accounts as a rookie. This was because of the federal deposit insurance limit of $250,000. But the billionaire team owner Marc Lasry later told him to invest instead. More here.
Starbucks' Howard Schultz was the gold standard for good bosses everywhere — then Gen Z worked for him. In Starbucks' early days, Schultz was seen as a leader in corporate responsibility. But last week, Schultz was grilled by senators who accused the chain of interfering with unionization. How Gen Z helped change Schultz’s perception.
A broad culling of management layers at Salesforce has begun. In response to pressure from activist investors, Salesforce is making some managers become individual contributors, according to people familiar with the matter. Read the full report.
“Super pigs” could soon invade the US. A cross between a domestic pig and wild boar has escaped captivity and spread throughout Canada, wreaking havoc on native species and crops. One researcher said the pigs are “the worst invasive large mammal on the planet. Period.” More here.
Apple told some corporate retail employees to reapply for their jobs or they will be laid off. Employees were informed of the news last week, where management described the news as an org change to help improve support of its stores. Staff are calling it a layoff. Read more.
A teen says he spent 17 months cycling 20,000 miles from Alaska to Argentina. He got robbed in Mexico, spent a month in hospital in Colombia, but wants to get back on the road again. Read about his journey here.
Russian fighter jets are reportedly ambushing Ukrainian pilots in sneak attacks. A pilot says fending them off will require F-16s, but the Biden administration has so far refused to send them, previously saying the jets “won't help them.” More here.

TAKE A LOOK

Trump Force One

Andrew Milligan/PA Images via Getty Images

See inside the former president's prized $100 million jet he just refurbished. Donald Trump's Boeing 757 private jet is flying again with a fresh paint job and new parts. The aircraft has flown for Trump since 2011 and is complete with a bedroom and gold-plated seatbelts. Check it out.

WATCH THIS

Big Tech’s reversal

How tech layoffs could affect the economy. Tech companies went on a hiring spree when the pandemic hit — and now, those same companies are slashing their workforce in mass layoffs. Insider’s tech correspondent Hugh Langley tells us why.

CAN'T GET ENOUGH?

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This edition was curated by Jennifer H. Cunningham, and edited by Hallam Bullock, Lisa Ryan, Dave Smith, and Jack Robert Stacey. Get in touch: insidertoday@insider.com.

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Insider Finance - Business - Trump’s historic day in court

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