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Carlyle’s chief executive resigns after breakdown in contract talks

Private equity giant Carlyle Group is replacing its chief executive Kewsong Lee, who will leave the New York and Washington-based group just two years after he was appointed in July 2020. Lee’s exit, announced on Sunday evening, came after Carlyle’s board met and decided to end contract negotiations with Lee, according to a source with …

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The iPhone’s Focus mode (almost) kept me off my phone on vacation

Two Fridays ago, just before I left for a week-long vacation to Florida, I went through my pretrip digital routine. I set my Slack status to “Vacationing” with a palm tree emoji and paused notifications until further notice. I turned on Gmail’s auto-responder. I deleted a bunch of apps from my phone that would only …

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Manchester City Is Already Evolving Around Erling Haaland

Fans of Premier League teams not named Manchester City had all of one semi-competitive game’s worth of hope. The hope was that Erling Haaland, the incomprehensible physical specimen brought into this world to score goals, would not fit within Manchester City’s domineering style of soccer. That hope was fueled by Haaland looking a bit lost …

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Axios agrees to sell to Cox for $525 million in cash

“This is great for Axios, for our shareholders and American journalism,” Jim VandeHei, the media company’s co-founder and CEO, said of the sale to Cox Enterprises. Patrick T. Fallon/AFP via Getty Images hide caption toggle caption Patrick T. Fallon/AFP via Getty Images “This is great for Axios, for our shareholders and American journalism,” Jim VandeHei, …

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Oklahoma Sooners assistant coach Cale Gundy resigns after reading aloud ‘shameful and hurtful’ word

Last week, Gundy said one of his players was “distracted” during the film session, so the coach picked up the player’s iPad and read aloud what he saw on the tablet. According to Gundy, what he saw on the screen had nothing to do with football. He did not disclose what the word was. “One …

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Electric Cars Too Costly for Many, Even With Aid in Climate Bill

Policymakers in Washington are promoting electric vehicles as a solution to climate change. But an uncomfortable truth remains: Battery-powered cars are much too expensive for a vast majority of Americans. Congress has begun trying to address that problem. The climate and energy package passed on Sunday by the Senate, the Inflation Reduction Act, would give …

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PGA Tour responds to LIV’s antitrust suit, looks to block players from playoffs

Eleven players on the breakaway LIV Golf tour have filed an antitrust suit against the PGA Tour. Three of them — Talor Gooch, Hudson Swafford and Matt Jones — have an immediate challenge: whether they will be permitted to play in the first round of the PGA Tour’s FedEx Cup playoffs, which begin Thursday in …

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No electric vehicles on the market today qualify for the new EV tax credit

Congress is poised to approve newly expanded tax credits for electric vehicles, but the rules are written in such a way as to effectively disqualify every EV that’s currently on the market today. That’s because most EVs run on lithium-ion batteries that are mostly made in China. The nation has a lock on some 76 …

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