By Sruthi Ramakrishnan and Nayan Das (Reuters) - The chief executive of Tootsie Roll Industries Inc has died after more than half a century at the helm of the U.S. candy maker, sparking speculation that the company could soon be ripe for acquisition. Tootsie Roll's shares rose as much as 8 percent to a 17-month high of $33.28 on Wednesday. Melvin Gordon died, aged 95, after a brief illness, according to a statement from the company he had headed since 1962. His wife, Ellen Gordon, takes over as chief executive. The Tootsie Roll is named after the daughter of an Austrian immigrant, Leo Hirshfield, who first produced the chewy chocolate candy in a small New York City store in 1896. Now based in Chicago, the company has a market capitalization of about $1.9 billion. Ellen Gordon, who is in her 80s and was previously chief operating officer, is the company's largest shareholder, with a 26 percent stake as of March 14. Melvin Gordon had a 21.9 percent stake as of Dec. 12. "There's been speculation for years that it's going to be sold," said Timothy Chen, analyst at Rhone Trading Partners. Growing through acquisitions, Tootsie Roll became the world's largest maker of lollipops when it bought The Charms Co in 1988. It later acquired Sugar Daddy and Junior Mints and, in 2004, Concord Confections, adding Dubble Bubble and Wack-o-Wax to the candies it produces. After four straight years of growth, though, Tootsie Roll reported revenue of $543.4 million for 2013, a 1.2 percent drop. One of the oldest CEOs of a U.S. company, Gordon rarely gave interviews. The company was well-known, however, for its commercials: it claims to have received more than 20,000 letters from children trying to answer a question posed by an owl in a 1970s commercial: how many licks does it take to reach the center of a Tootsie Pop? Elliott Schlang, managing director of the Great Lakes Review, said the popularity of Tootsie Roll's brands, as well as its real estate assets in Chicago and the fact that Gordon's children are not directly involved in the business, make the company an attractive target. Schlang said the company could be a target for candy makers, including Warren Buffett's Berkshire Hathaway Inc through its See's Candies division. Berkshire Hathaway did not immediately respond to a request for comment. Tootsie Roll's shares closed up 7.1 percent at $32.99 on the New York Stock Exchange. (Additional reporting by Siddharth Cavale; Editing by Saumyadeb Chakrabarty and Simon Jennings)
- NBC News
"The situation at the border isn't going to be transformed overnight," a senior Biden transition official told NBC News in an exclusive interview.
A boy who was killed in an alleged murder-suicide by his father has been identified as 9-year-old Pierce O’Loughlin. Family tragedy: The boy and his father, Stephen O'Loughlin, 49, were both found dead at their home on Scott Street, Marina District in San Francisco on Wednesday afternoon, SF Chronicle reports. The boy’s mother, Lesley Hu, asked authorities to check on her son after learning that he did not show up for school that day.
- The Independent
‘If you turn me in, you’re a traitor and you know what happens to traitors...traitors get shot,' he told his children
A candidate COVID-19 vaccine known as EpiVacCorona, Russia's second to be registered, proved "100% effective" in early-stage trials, Russian consumer health watchdog Rospotrebnadzor has told local media. The data, based on Phase I and II trials, were released before the start of a larger Phase III trial which would normally involve thousands of participants and a placebo group as a comparison. "The effectiveness of the vaccine is made up of its immunological effectiveness and preventative effectiveness," the TASS news agency reported, citing Rospotrebnadzor.
- National Review
A senior Biden transition official is warning migrants hoping to cross the southern border into the U.S. during the early days of the new administration that “now is not the time” to come. “There’s help on the way, but now is not the time to make the journey,” an unnamed Biden official said, NBC News reported. The Biden administration is looking to end the Trump administration’s policy of requiring that migrants wait in Mexico as immigration courts consider their asylum applications. Those who have been waiting at the border will be considered first for entry over migrants who only recently arrived. Additionally, the Biden administration will scrap the stricter restrictions the previous administration imposed on asylum seekers, which limit who is eligible for entry. However, any immigration legislation proposed by the Biden administration will address illegal immigrants living in the U.S. rather than new migrants arriving at the border, the official said. “The situation at the border isn’t going to be transformed overnight,” the official explained, saying that migrants seeking to gain asylum right away “need to understand they’re not going to be able to come into the United States immediately.” A caravan of about 2,000 Honduran migrants desperate to reach the U.S. forced their way past Guatemalan authorities Friday night and are expected to reach the southern border within the next few weeks. The caravan “will not find when they get to the U.S. border that from Tuesday to Wednesday, things have changed overnight and ports are all open and they can come into the United States,” the official cautioned. “We have to provide a message that help and hope is on the way, but coming right now does not make sense for their own safety … while we put into place processes that they may be able to access in the future,” the official said. In 2018, just before the midterm elections, a caravan of thousands of Central American migrants headed for America’s southern border. Similarly, in early 2017, just before President Trump took office, a caravan made its way to the border, drawing the ire of Trump.
Yosemite National Park officials are asking the public’s help for any information regarding a 41-year-old Asian woman who went missing after going on a day hike to the Upper Yosemite Fall last week. The woman was identified as "Alice" Yu Xie, a Chinese national living in the United States, according to a post shared by the park on Saturday. “If you were on the trail to the top of Yosemite Falls on January 14 or 15, 2021, even if you did not see this individual, or have any information regarding this individual, please call 209/372-0216 during business hours, or Yosemite Emergency Communications Center at 209/379-1992 after hours,” the park said.
The United States called on China on Monday to allow an expert team from the World Health Organization (WHO) to interview "care givers, former patients and lab workers" in the central city of Wuhan, drawing a rebuke from Beijing. The team of WHO-led independent experts trying to determine the origins of the new coronavirus arrived on Jan. 14 in Wuhan where they are holding teleconferences with Chinese counterparts during a two-week quarantine before starting work on the ground. The United States, which has accused China of hiding the extent of its initial outbreak, has called for a "transparent" WHO-led investigation and criticised the terms of the visit, under which Chinese experts have done the first phase of research.
- Associated Press
Pakistan’s prime minister reacted angrily Monday to media reports of a text exchange between an Indian TV anchor and a former media industry executive that suggests a 2019 Indian airstrike inside Pakistan was designed to boost Indian Prime Minister Narendra Modi’s chances for reelection. Imran Khan took to Twitter to respond to Indian media reports of an exchange on the WhatsApp messaging service between popular Indian TV anchor Arnab Goswami and Partho Dasgupta, the former head of a TV rating company.
- The Telegraph
Joe Biden’s second son was a primary target for attacks by Donald Trump during the bitter 2020 presidential campaign. Indeed, it was Trump’s accusations of impropriety on behalf of Hunter Biden that led him to threaten to withhold $391 million (£289 million) in military aid to Ukraine unless they investigated the Biden family’s business dealings. That threat led to the first impeachment of Trump. Born in 1970 to Joe and his first wife Neilia, Hunter’s early life was marred by tragedy. When he was just two years old, he was seriously injured in a car crash that killed his mother and younger sister, Naomi. Family tragedy would strike again in 2015, when his older brother Beau, who served as the Attorney General for the state of Delaware, died of brain cancer aged just 46. Unlike his father and brother, Hunter Biden has attempted to stay away from front-line politics. After graduating from Yale Law School, he joined MBNA Bank, which provided significant contributions to his father’s political campaigns. After a brief stint as a lobbyist, he was appointed by George W Bush to the board of directors of Amtrak, the state-owned railway network company. Live US news updates as Trump leaves office and Biden prepares to be sworn in
The officer who may have saved the life of Vice President Mike Pence could now be giving him the side-eye. The cop hailed as a hero for leading a crowd of insurrectionists away from the Senate floor and potentially saving hundreds of lawmakers’ lives has, perhaps, left the vice president on read. Vice President Mike Pence has reportedly reached out to thank Capitol Police Officer Eugene Goodman for his heroism on Jan. 6, but they have yet to connect.
Human trials of a coronavirus vaccine combining Russia's Sputnik V shot with that developed by Britain's AstraZeneca and Oxford University are expected to start in early February, the chairman of Russian drugmaker R-Pharm told Reuters. AstraZeneca first announced plans to explore the possibility of working with Russian scientists on a combined vaccine in December, interpreted by Moscow as a vote of confidence in its vaccine. There have been few details on where and how the trials will be run, but R-Pharm Chairman Alexei Repik, whose company will produce both Sputnik V and AstraZeneca shots, said human trials of a combined vaccine are expected to begin early next month.
- Yahoo News Video
The spokesman for Republican U.S. Rep. Lauren Boebert has quit less than two weeks after she was sworn into office, saying he felt like he need to due to the insurrection at the nation's Capitol.
- Associated Press
At least four people were injured Monday in a string of shootings that prompted an order to shelter in place for a Pennsylvania community in the Pocono Mountains, authorities said. Shots rang out not far from each other in at least four different areas of Monroe County, Pennsylvania. A woman was flown to a hospital with a gunshot wound to her back, while another victim appeared to be shot in the head, Pocono Mountain Regional Police Chief Chris Wagner said at a Monday night news conference, during which he said no suspects had been arrested.
- National Review
President Trump signed an executive order on Monday expanding access to personal firearms for federal law enforcement officials. The order is one of the last of Trump’s presidency, with Joe Biden set to be sworn into office on Wednesday. The purpose of the order is to remove “undue obstacles” for law enforcement officers and prosecutors to obtain concealed carry licenses, as well as to expand protections for prosecutors and judges. “It shall be the policy of the United States to remove any undue obstacle preventing current or retired Federal law enforcement officers from carrying a concealed firearm,” the order states. The order also directs the U.S. Attorney General to “propose a regulation…to provide that the special deputation as a Deputy United States Marshall shall be granted upon request to any Federal prosecutor” who faces risk of harm as a result of his or her work. The special deputation would grant a prosecutor the right to concealed carry of a firearm. It is unclear if the incoming Biden administration will work to carry out the order. Biden announced earlier this month that he will nominate Merrick Garland, the prosecutor who headed the investigation against Oklahoma City bomber Timothy McVeigh, to the position of attorney general. Biden himself is preparing several executive orders for the first days of his presidency, in an attempt to reverse several Trump administration policies. Among other issues, Biden will rejoin the Paris Climate Accords and end Trump’s immigration restrictions on some Muslim-majority nations.
- The Telegraph
Pfizer vaccine recipients are unlikely to transmit the virus to others, according to the author of an Israeli study. Participants in the survey developed up to 20 times more antibodies within a week of receiving the second dose of the Pfizer/BioNTech vaccine. The survey, which reviewed data from 102 of about 1,000 of the Sheba Medical Centre’s medical staff who have received both shots, showed that only two subjects have developed low amounts of antibodies - one of the subjects suffered from a compromised immune system. There was no explanation for why the second person did not develop antibodies, and the hospital said it was investigating the matter. The rest - 98 per cent - have developed levels of antibodies that were even higher than patients who have recovered from a serious coronavirus-induced condition, the hospital said in a statement released on Monday.
Uganda accused the U.S. ambassador on Tuesday of seeking to subvert last week's presidential election by trying to visit the main opposition candidate at his home, which has been surrounded by security forces since the vote. Troops prevented pop star-turned-legislator Bobi Wine from leaving his house shortly after he returned from voting in Thursday's presidential election, in which he ran against incumbent Yoweri Museveni. On Tuesday Wine said he and his wife had run out of food, and milk for her 18-month-old niece.
- The Independent
The latest updates from the White House and beyond on 17 January 2021
- The Telegraph
Scientists say Colombia must cull its so-called “cocaine hippos” that roam the Magdalena river basin as they are breeding voraciously and are an increasing menace. The marshlands of Colombia have been home to these giant mammals since they were illegally imported in the late 1980s by the notorious drug lord, Pablo Escobar. When he was shot dead in 1993, the Colombian government took control of his extravagant estate, including his personal zoo. Most of the animals were shipped away, but four hippos were left to fend for themselves in a pond, and now there are dozens of them living in the wild. Although nobody knows exactly how many there are, estimates put the total number between 80 and 100, making them the largest invasive species on the planet. Scientists forecast that the number of hippos will swell to almost 1,500 by 2040. They conclude, that at that point, environmental impacts will be irreversible and numbers impossible to control. “Nobody likes the idea of shooting a hippo, but we have to accept that no other strategy is going to work,” ecologist Nataly Castelblanco-Martínez told The Telegraph.
Kevin McCarthy warned members to not call out colleagues by name, citing potential political violence
Members of the House Republican Conference ignored leader Kevin McCarthy last week when he warned them against criticizing colleagues by name based on intelligence that doing so could trigger more political violence. Why it matters: McCarthy made clear that name-dropping opponents, instead of spelling out complaints in more general terms, can put a literal target on a politician, especially with tensions so high following the events of Jan. 6.Get smarter, faster with the news CEOs, entrepreneurs and top politicians read. Sign up for Axios Newsletters here.That's what happened to Rep. Liz Cheney, the GOP conference chairperson, after she said she would support impeaching President Trump. * She and several other members had to increase their security and take extra precautions because of death threats and other alarming warnings after their colleagues singled them out in their complaints.What McCarthy said: The House minority leader issued his warning during a conference call last Monday. He said his concern was driven by the FBI briefings he receives. * "It doesn’t matter which side of the position you were: I respect it, I respect why you did what you did. But what we are saying on television, when we say a member’s name. ... This is not the moment in time to do it." * "You can incite something else. The country is very divided and we know this. Let’s not put any member, I don’t care who they are Republican, Democrat or any person not even in Congress. Watch our words closely. I get these reports on a weekly basis. I’ve seen something I haven’t seen before.”Several minutes later, McCarthy repeated the message: “Emotions are high. What you say matters. Let’s not put other people in danger. Let’s watch what words we’re using and definitely not be using other members' names in any media.”Days later, some GOP members ignored him and openly criticized their colleagues * Rep. Adam Kinzinger tweeted that the name of his Republican colleague, Rep. Majorie Taylor Greene, "will be one forgotten by next January." * Rep. Lauren Boebart (R-Colo.) mocked Speaker Nancy Pelosi over the House's new mask fines.One of the most blatant attacks, leading to a media firestorm, was when several members of the House Freedom Caucus went after Cheney for voting to impeach Trump. * On the day of the vote, the members circulated a petition to remove her from her leadership role. * Cheney is now fielding a series of threats against her, many from fiery Trump supporters angered by her vote, a source with direct knowledge of the threat said. * “We don’t comment on security matters,” Cheney’s communications director, Jeremy Adler, told Axios.What we’re hearing: McCarthy's team told Axios he isn't looking for repercussions. Spokesman Matt Sparks said the leader wants to lower the temperature and is encouraging members to be mindful of the current environment.Be smart: sign up FREE for the most influential newsletter in America.
- The Independent
Nancy Pelosi called pro-Trump rioters ‘Putin puppets’ and the Capitol siege a ‘gift’ to the Russian president