Stories from New York · United States

Terry Kim, a 61-year-old pharmacy owner, was sentenced to over five years in prison for his role in a money laundering scheme. Kim co-owned several retail pharmacies located in Brooklyn and Queens. Federal prosecutors stated that he conspired to launder $24 million through these businesses. The sentencing occurred yesterday following the conclusion of legal proceedings.

Bain Capital plans to offload its majority stake in Tyger Capital, according to industry sources.

Warner Bros Discovery shareholders have approved a merger with Paramount Skydance. The merger aims to consolidate major entertainment assets under a single entity. No specific financial terms of the acquisition were disclosed in the report. The acquisition will place CNN under the control of David Ellison. Ellison is described as a close associate of Donald Trump. The deal follows Ellison's previous acquisition of CBS last year. The merged entity will control major media brands including CBS, HBO, and Nickelodeon. The company will also hold franchises such as Harry Potter and Game of Thrones. Hollywood professionals, including writers, directors, and actors, have expressed resistance to the merger. Concerns cited by industry workers include potential job losses and increased production costs.

A second-floor apartment fire occurred at 4609 9th Avenue in Sunset Park around 3:00 PM. Five individuals were transported to the hospital with life-threatening injuries. The FDNY deployed 79 fire and EMS personnel to the scene. Firefighters successfully extinguished the blaze within approximately one hour. Nine people were involved in the incident total.

The use of gene editing technology is being debated, with proponents arguing for its potential to prevent diseases like cystic fibrosis and HIV. They said a moral obligation to use the technology to reduce human suffering and make humanity less vulnerable to pathogens. Opponents raise concerns about creating a 'haves and have-nots' society, where designer babies are accessible only to the wealthy. Arguments for the motion highlight potential benefits with safeguards against abuse, while opponents raise questions about the godlike power in human hands and the potential for competition for 'perfect babies.' The debate considers subtracting, adding, or substituting DNA in cells, with a focus on FDA-approved use of gene editing in babies after extensive safety improvements and testing.

JetBlue is reportedly considering merging with another airline or filing for bankruptcy protection due to financial challenges. The airline currently holds $8 billion in debt, with annual interest payments of $600 million. Recent increases in fuel costs, exacerbated by the situation in Iran, have added nearly $1 billion to their expenses. JetBlue's checked bag fees have also risen, with the first bag costing up to $49 and the second $60, a price point that may not decrease even if fuel prices fall.

Zip Recruiter reports nursing degrees offer the highest median starting salary at $70,000 upon graduation. Recent college graduates expressed the most regret regarding liberal arts, political science, communications, and earth sciences majors. Many graduates indicated a desire to have pursued scientific or quantitative fields instead. Correspondent Michael Wallace provided the findings.

Bain Capital is reportedly preparing to offload its majority stake in Tyger Capital.

Former President Donald Trump is scheduled to attend the White House Correspondents' Dinner this year. He previously hosted a crypto conference at Mar-a-Lago. Trump has been critical of CNN, calling it a fake news center. He has also been a frequent target of comedians at the event.

A New York State Senator is sponsoring the Stop Super Speeders Act after a driver accumulated over 500 speeding tickets in just a couple of years. State Senator Andrew Gennardus expressed disbelief that the driver, Gia Vonsanti, is still on the road. Police officials have launched an internal review into the matter. It is unknown if Vonsanti has paid any of the fines.