
Honeywell expected to add Elliott's Marc Steinberg to board, WSJ reports
May 28 (Reuters) - Honeywell (HON.O), opens new tab is expected to add activist Elliott Investment Management's Marc Steinberg to its board at the end of May, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
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Daily Mail
24 minutes ago
- Daily Mail
Vikings have major concerns about QB JJ McCarthy after passing on free-agent Aaron Rodgers, insider says
The Minnesota Vikings declined to bring in veteran free-agent Aaron Rodgers. Now, according to one league insider, the team is still unconvinced starting quarterback JJ McCarthy is up to the job. 'As much as they're "sold" on JJ McCarthy, they weren't that sold... so [the Vikings] have some doubt,' Ross Tucker, a journeyman offensive lineman who's gone on to Sirius XM and CBS Sports fame, told Purple Daily. Minnesota did go 14-3 with Sam Darnold at quarterback last season. But with the 27-year-old Pro Bowl selection signing a three-year, $100.5 million deal with the Seattle Seahawks, the team appeared happy to turn to the 22-year-old McCarthy. Problem is, Vikings coach Kevin O'Connell still hasn't officially promoted the 10th pick of the 2024 NFL Draft atop the depth chart in Minnesota. Instead, general manager Kwesi Adofo-Mensah tried to retain 2024 mid-season pickup Daniel Jones, who landed with the Indianapolis Colts instead, before trading for Seattle backup Sam Howell. 'No matter what the Vikings say about J.J. McCarthy... they wanted [Sam] Darnold back,' Tucker said. 'And then when they weren't going to get Darnold back, they wanted Daniel Jones back.' For his part, O'Connell hasn't been critical of McCarthy, but said he wants to see the former national champion at Michigan win the starting job from Howell and even journeyman backup Brett Rypien, the nephew of Super Bowl winner Mark Rypien. 'JJ is going to be in a great position to assume and ascend in our organization,' O'Connell recently told Rich Eisen. 'But right now, we really don't have any feelings on competition as much as we've got an obligation as coaches to put our players in position to attack that competition phase. 'Sam [Howell] will be a part of it. But we've got to get Sam ready to play. We've got to get Brett Rypien ready to play. ... Excited about our quarterback room, but now it's our job to go coach them.' McCarthy's rookie season was a bit of a wash after he suffered a torn meniscus in his knee and spent the year on injured reserve. This spring, he's continued to go through organized team activities (OTAs) in Minnesota, where he was recently asked about the Vikings' reported interest in Rodgers, a 41-year-old free agent, Super Bowl winner and New York Jets castoff. 'Obviously I respect Aaron Rodgers, one of the greatest quarterbacks to ever play the game, but all I was focusing on was that day-to-day task, what I was doing here, what I was doing at home just to kind of make myself the best overall player I can be,' McCarthy told reporters in April. Even without Rodgers, the Vikings have made a number of significant off-season additions on offense. Not only did Adofo-Mensah guarantee more than $53 million for ex-Colts right guard Will Fries and center Ryan Kelly, but they also managed to re-sign running back Aaron Jones, while acquiring another back in Jordan Mason in a trade. Perhaps best of all, the team drafted left guard Donovan Jackson and wide receiver Tai Felton in the first and third rounds of April's NFL Draft. Jackson was a major starter for Ohio State en route to a national championship last season, while Maryland's Felton ranked among the fastest wide receivers in the draft. He'll be counted on in 2025 to draw attention away from Minnesota's star receivers, Justin Jefferson and Jordan, as well as tight end TJ Hockenson.


Daily Mail
25 minutes ago
- Daily Mail
Trump's finance guru goes to war with America's top banker: 'His predictions have never come true'
Donald Trump 's treasury boss has dismissed Jamie Dimon's warning that the rising national debt could cause a bond market crisis. The JPMorgan Chase CEO sounded alarm last week, cautioning America's overspending - especially during the pandemic - and quantitative easing will lead to a 'crack in the bond market'. But Scott Bessent brushed off his fears, alleging throughout his 'entire career' Dimon has issued stark predictions and 'none of them have come true'. 'That's why he's a banker- a great banker. He tries to look around the corner,' Bessent told CBS News' Face the Nation with Margaret Brennan on Sunday. Bessent argued 'we are going to bring the deficit down slowly' and highlighted how the US is 'taking in substantial tariff income right now', which he estimates could save the use $2 trillion. He also pointed to Trump's plan for price controls on pharmaceuticals, alleging it could 'substantially push down costs for prescription drugs' and save the country 'another trillion'. 'We didn't get here in one year, and this has been a long process,' Bessent continued. 'So the goal is to bring it down over the next four years, leave the country in great shape in 2028.' Bessent added that debt levels that 'the deficit this year is going to be lower than the deficit last year, and in two years it will be lower again'. America's top banker, however, did not seem phased by Bessent's dismissive remarks and doubled down on his debt warning Monday. The JPMorgan Chase CEO told Fox Business' Mornings with Maria program that the national deficit is a 'big deal' that could create a 'tough time' for the bond market that causes spreads to widen. 'If people decide that the US dollar isn't the place to be, you could see credit spreads gap out; that would be quite a problem,' Dimon said. 'It hurts the people raising money. That includes small businesses, that includes loans to small businesses, includes high yield debt, includes leveraged lending, includes real estate loans. That's why you should worry about volatility in the bond market.' The comments echoed his earlier warnings about potential market turmoil, citing rising US government spending. Dimon, during an interview at the Reagan National Economic Forum on Friday, warned of a 'crack in the bond market', but added that while the market may panic when it happens, the bank would likely benefit. Market makers like JPMorgan often benefit from volatility, as frequent exchange of assets drives up brokerage fees for their trading desks. 'I'm hoping that we change both the trajectory of the debt and the ability of market makers to make markets,' Dimon warned, while suggesting the 'crack' could appear in 'six months or six years'. Shifting US economic policies have sent bond markets tumbling in recent weeks. Trump's flip-flop on trade policies, along with suggested tax cuts and spending surge, have sent the bond markets tumbling in recent weeks. The rise in treasury yields post 'Liberation Day' tariffs, which Trump described as the bond market acting 'yippy ', forced him to hit a 90-day pause on tariffs. The banker, at the forum, also aligned himself with Trump's recent campaign to close the loophole that enables private market investors to benefit from lower taxes. 'We absolutely should be taxing carried interest,' he said, echoing Trump's efforts to close the provision long-cherished by investors. Dimon proposed using the revenue to double income tax credits, even for individuals without children, noting that the estimated $60 billion additional cost from this initiative would directly benefit communities, families and homes. Dimon, 69, is one of the most prominent voices in corporate America and has regularly been consulted by administrations during times of crisis. His name was floated for senior economic roles in government during the 2024 presidential campaign, including Treasury Secretary, but he stayed put at the bank. Dimon has been running the biggest US lender for more than 19 years, outlasting many other CEOs. When asked about the timeframe for his succession, Dimon said 'it's several years,' adding, 'there will be an appropriate time and then I may stick around for a couple of years as chairman or executive chairman... I love what I do.'


The Independent
40 minutes ago
- The Independent
Former CIA Director William Burns has a book deal for the memoir 'Diplomat Spy'
Former CIA director and Biden cabinet official William J. Burns is working on a book about his years leading the intelligence agency. Random House announced Tuesday that it would publish Burns' 'Diplomat Spy: A Memoir of Espionage in Revolutionary Times.' The release date is still to be determined. 'It was a profound honor to lead the men and women of CIA, and I hope in this new book to illuminate their remarkable service, and the crucial connection in this revolutionary new era between spycraft and statecraft,' Burns, who headed the CIA from 2021-23 and was elevated by President Joe Biden to a cabinet position. A veteran diplomat, he was a key adviser to Biden on Russia, Ukraine and other parts of the world. According to Random House, Burns' book is 'a riveting firsthand account of dealing with the most difficult foreign adversaries in the most difficult crises, a candid look at the personal and professional pressures which come with espionage, and a reflection on the future of intelligence at a time of rapid technological change and relentless attacks on public institutions.'