FDA Submission Expected This Summer - Invest Before It Happens

This company is making heart disease easier to detect with AI. Their tech has officially been designated a "Breakthrough" by the FDA. You now have an opportunity to get in at a potential inflection point.

Pro-Palestinian protesters demand endowment transparency. But it's proving not to be simple

HEATHER HOLLINGSWORTH and TRISHA AHMED
May 10, 2024

MINNEAPOLIS (AP) -- On college campuses across the country, a rallying cry of pro-Palestinian protesters has been " Disclose, divest! We will not stop, we will not rest."

Now some are winning the first of those two demands: Promises to provide information about how much university endowment money is invested in companies profiting from the Israel-Hamas war.

As part of that effort, the University of Minnesota, for one, disclosed this week that about $5 million of its $2.27 billion endowment investments -- or less than a quarter of 1% -- are tied to Israeli companies or U.S. defense contractors.

To Ali Abu, a 19-year-old University of Minnesota student and member of Students for Justice in Palestine, the disclosure is a first step. He was among more than a dozen students to stand before the university's Board of Regents on Friday and demand further action.

"That chant isn't a bluff," he said, adding: "We will truly not stop. And we will truly not rest until this university divests."

But Jewish leaders have raised concerns, and endowment experts say the potential fallout from disclosure is hard to predict. Transparency, they say, has pros and cons.

"I think the broader trend towards transparency is probably healthy. In response to a very charged situation, I think people get nervous about it. Once the information is there, what's done with that information?" said Kevin Maloney, a former investment manager who is now chair of the finance department at Bryant University in Rhode Island.

Endowments face little federal regulation compared with other fundraising institutions. And there have long been calls for more transparency.

Maloney said portfolio managers might just say they don't want to bother with all the attention.

University endowments have increasingly been targeted for divestment by activists.

Over the last decade, students have pushed universities to cut financial ties with fossil fuel producers, weapons manufacturers, tobacco companies and prison firms. Often it has been done in tandem with students in the Boycott, Divestment and Sanctions movement, which seeks to cut ties with Israel and companies that support it.

Most colleges have held firm, saying their investments provide financial aid for future generations and should be protected from politics.

Neal Stoughton, a professor of finance at the University of Waterloo in Canada, said colleges are wary of releasing information because they don't want competition from other universities or institutions. He likened it to billionaires' reticence to share investment tips.

"Those types of people don't tell you exactly where all their money is," said Stoughton, the former director of the Endowment Research Center at Vienna University of Economics and Business in Austria. He is currently doing research and consulting at the University of Arizona.

At the University of Michigan, officials responded to recent calls for divestment by saying the institution's decades-old policy "is to shield the endowment from political pressures and to base our investment decisions solely on financial factors such as risk and return."

Michigan's policy allows for exceptions -- it divested from tobacco companies and apartheid-era South Africa -- but the bar "has intentionally been set extremely high."

Officials disclosed only that there are no direct investments with Israeli companies and that indirect investments through funds amount to less than $15 million, a small fraction of the university's $18 billion endowment.

Universities also cite the complexities around divestment. Much of endowments is often held in investment funds that bundle large numbers of assets together. It can be difficult to trace exactly where the money goes, and universities generally can't pick and choose among a fund's investments.

Other schools that have opted for the disclosure route include Northwestern University outside Chicago, which said in an agreement posted to its website last week that it will answer questions from any internal stakeholder about holdings.

The University of California, Riverside, also said it would start posting information online with a goal of "full disclosure of the list of companies in the portfolio and the size of the investments."

And in New York state, Vassar College vowed "greater transparency about major independent contractors," such as food service, maintenance and landscaping, as well as a review of a proposal for divestment from defense-related investments.

At the University of Minnesota, the decision to provide more endowment details came as part of a deal to end protesters' encampment on the Minneapolis campus. Chants in recent weeks have included "Not another nickel, not another dime. No more money for Israel's crimes."

At one point nine students were arrested. Among them was Jasper Nordin, who told regents the university should not support "turning innocent people into refugees."

Tye Gregory, CEO of the Jewish Community Relations Council, said disclosure will just lead to calls for divestment and that risks harming Jewish students without actually changing the course of the fighting in Gaza.

"From my experience, unless you give in to all of their demands, they're not going to relent against the administration," he said. "And the administrations are not in a position to give in to all their demands. So my advice -- not that they're going to take it -- is just not to negotiate on that. You're not going to make them happy."

Abu, who is one of the protest leaders, said the students want full disclosure of all investments, beyond just the $5 million university leaders have provided details about already.

The information provided by the school names different companies the university has holdings in through investments or through funds. The list includes defense contractor Honeywell, which protesters have singled out during rallies. Honeywell did not immediately return an email message from The Associated Press seeking comment.

"The companies that we are demanding the university divest from profit from genocide," said Donia Abu, a 22-year-old graduating student who has had family members killed in the fighting. "These companies indiscriminately terrorize and massacre our people and communities."

___

Hollingsworth reported from Mission, Kansas. Collin Binkley in Washington, D.C., contributed to this report.

Continue Reading...

Popular

Trump keeps saying the GOP mega bill will eliminate taxes on Social Security. It does not

WASHINGTON (AP) — President keeps saying that Republicans' mega legislation will eliminate taxes on federal benefits.

Marjorie Taylor Greene: 'Muslim Takeover' Threatens American Women

Rep. Marjorie Taylor Greene (R-Ga.) has expressed her fears regarding what she believes to be the most significant threat to the freedom of American women.

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

Big Tech doesn't build everything; they buy what's next. And only Emteq's tech offers real behavior insights for smart glasses, key to unlocking the $3T XR market. Their patented sensors track live facial muscle movements. With health-focused smart glasses in demand, only Emteq has this tech.

BigBear.ai, AMD, QuantumScape, Coinbase, Tesla: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks ended the day on a high note, with the Nasdaq gaining over 1.4% on Tuesday to 19,912.53. The Dow also traded up 1.2% to 43,089.02, while the S&P 500 rose by 1.1% to 6,092.18. These are the top stocks that gained the attention of retail traders and investors throughout the day:

Mystery Seller Behind $105 Million Plot Next to Jeff Bezos Estate Finally Revealed

A plot of land neighboring Jeff Bezos' property in Miami was sold for a staggering $105 million. The undeveloped lot was sold by German investor Mikhail Peleg.

The Unlikely Duo Rethinking Wearable Technology - Ad

Why did a surgeon and Snap exec team up? They saw the missing ingredient in the $84T wearables market: behavior. So they built Emteq and invented smart glasses sensors to track real-time expressions, unlocking insights into why we do things. With a $15M term sheet already secured, Emteq is what Big Tech's missing.

Trump's Tariffs, Boeing's Blowout, Tesla's Robotaxi, BYD's European Triumph And GM's Massive Recall: This Week In Mobility

This week's business and finance highlights include Japan's rejection of Trump's auto tariffs, Boeing's scrutiny over a mid-air incident, Tesla's Robotaxi launch, BYD's dominance in Europe, and GM's massive vehicle recall.

Goldman Just Launched Two New Bond ETFs; Here's Why Investors Should Pay Attention

Goldman Sachs Asset Management debuts two new actively managed fixed income ETFs in response to rising demand for active strategies in a volatile rate landscape.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Outrage Mounts Over Trump's Appointment of 22-Year-Old to Terrorism Unit Amid Iran Crisis

In a move that has drawn widespread criticism, President Donald Trump has appointed 22-year-old Thomas Fugate to a critical terrorism-prevention role, amidst rising tensions with Iran.

Sig Sauer, faced with lawsuits over a popular pistol, gets protection in New Hampshire

CONCORD, N.H. (AP) — Faced with mounting lawsuits over a popular pistol, New Hampshire-based Sig Sauer asked for — and got — protection in the form of a new state law that makes it harder to .

The Truth About Trump and Musk? - Ad

If you think there's something strange about the "feud" between Trump and Musk... You need to see THIS jaw-dropping video... Because it explains what could really be going on behind the scenes... And how it could hand investors a stake in a $12 trillion revolution.

T-Mobile Stock (TMUS) Plunges After SoftBank's $4.8B Share Sale: Report

T-Mobile stock is down over 4% after SoftBank reportedly sold $4.8 billion in shares at a discount. This major share sale by a key investor is contributing significantly to the stock's decline Tuesday.

Back This Medical AI Tech - Ad

You don't often find healthcare tech company valued at $4M. HeartSciences is an exception. With $75M invested, including R&D, clinical trials, and product development, their patented AI software is approaching FDA submission, a potential major inflection point.

Trump Has 'Already Won' By Dodging Accountability In Fed Showdown, Says Apollo's Jim Zelter

According to Jim Zelter of Apollo Global Management, President Donald Trump has already set the stage for passing the blame.

Copper's Spiking - And This Junior Has the Grades to Match - Ad

Copper is climbing again - and this time, it looks tariff-proof. A $31M junior just posted nearly 1B lbs of copper equivalent. With insiders and institutions piling in, this could be the next breakout.

US job openings in May hit 7.8 million in a continuing display of labor market resilience

WASHINGTON (AP) — U.S. job openings rose unexpectedly in May, a sign that the American labor market t in the face of high borrowing costs and uncertainty over U.S. economic policy.

Gold Just Hit Another Record. This Junior Could Be Next. - Ad

This copper junior was the smallest company invited to a top global mining conference. With nearly 1B pounds CuEq and 50,000m of funded drilling, this story won't stay quiet for long.

Canadian Prime Minister Carney says trade talks with US resume after Canada rescinded tech tax

TORONTO (AP) — Canadian Prime Minister Mark Carney said late Sunday trade talks with U.S. have resumed after Canada rescinded its plan to tax U.S. technology firms.

Hasbro Cuts 3% Of Global Workforce: Report

Toy company Hasbro Inc (NASDAQ:HAS) announced a workforce reduction on Tuesday as the company grapples with tariff impacts.

Copper's Rally Is Back. This $31M Junior Is Sitting on a Potential Fortune - Ad

A high-grade copper-gold discovery in Quebec just delivered extremely high grade intercepts. Valuation? Just $31M. With copper breaking out, the timing here could be perfect. Get the symbol here.

Google's AI Overviews Features Sparks New Antitrust Battle With European Publishers: Report

An antitrust complaint was filed by a group of independent publishers from European Union against Google, alleging misuse of its AI Overviews.

US judge says China's Huawei Technologies must face criminal case for racketeering and other charges

BANGKOK (AP) — A U.S. judge has ruled that China’s Huawei Technologies, a leading telecoms equipment company, must face criminal charges in a wide reaching case alleging it stole technology and engaged in racketeering, wire and bank fraud and other crimes.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

Michael Novogratz's Galaxy And Invesco File To Launch Solana ETF: What You Should Know About QSOL

Asset management giant Invesco filed for a cryptocurrency exchange-traded fund focused on Solana (CRYPTO: SOL) on Wednesday, expanding its offerings beyond Bitcoin (CRYPTO: BTC).

FDA Submission Expected This Summer - Invest Before It Happens - Ad

This company is making heart disease easier to detect with AI. Their tech has officially been designated a "Breakthrough" by the FDA. You now have an opportunity to get in at a potential inflection point.

Trump's Crypto Advisor David Sacks Says July Will Be A 'Big Month' — Says President Supports Legislation On Market Structure And Stablecoins

President Donald Trump's crypto and AI advisor, David Sacks, praised on Thursday the Senate’s timeline and plan for crypto legislation that proposes dividing oversight of digital assets between market regulators.

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

Big Tech doesn't build everything; they buy what's next. And only Emteq's tech offers real behavior insights for smart glasses, key to unlocking the $3T XR market. Their patented sensors track live facial muscle movements. With health-focused smart glasses in demand, only Emteq has this tech.

Elon Musk renews his criticism of Trump's big bill as it faces a key Senate vote

WASHINGTON (AP) — on Saturday doubled down on his distaste for President sprawling tax and spending cuts bill, arguing the that Republican senators are scrambling to pass would kill jobs and bog down burgeoning industries.

Lisa Murkowski Defends Alaska Carveouts As Elizabeth Warren, Bernie Sanders And Rand Paul Condemn Trump's 'Big Beautiful' Bill: 'Not Good Enough For The Rest Of Our Nation'

Senators across party lines are fiercely divided over Donald Trump's $3.3 trillion "Big Beautiful Bill," which narrowly passed the Senate and now heads to the House amid concerns over debt, tax cuts, and social program rollbacks.

The Unlikely Duo Rethinking Wearable Technology - Ad

Why did a surgeon and Snap exec team up? They saw the missing ingredient in the $84T wearables market: behavior. So they built Emteq and invented smart glasses sensors to track real-time expressions, unlocking insights into why we do things. With a $15M term sheet already secured, Emteq is what Big Tech's missing.

Apple Has the Potential To Crush Meta's Ray-Ban Smart Glasses, Says Ming-Chi Kuo, But The Tech Giant Has Been 'Surprisingly Slow'

Analyst Ming-Chi Kuo believes Apple has the potential to surpass Meta's Ray-Ban smart glasses, but notes the company's slow progress in this market could delay its dominance.

After Diddy's conviction, here's where his business ventures stand

LOS ANGELES (AP) — Sean “Diddy” Combs has been in his federal sex trafficking trial, but that doesn't mean the once-celebrated music mogul will see his business empire restored.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Inside The Trump Family's $620 Million Crypto Empire

Since retaking the White House, Donald Trump's reported net worth has remained broadly stable, around $6.5 billion on Election Day to roughly $6.4 billion today.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service