Fanatics proprietor Michael Rubin REFORM Alliance hosts 76ers expertise

Michael Rubin joined rapper Lil Baby in a scrimmage game that featured the kids attending REFORM Alliance night.

Photo: Shareif Ziyadat and Studio 76

Throughout 2021, Fanatics Chairman Michael Rubin spent his time following his company $ 18 billion E-commerce empire.

He took over the trading card license of Major League Baseball, guaranteed $ 1 billion in sales, and also suspended baseball’s NFT rights. Attracted the Dallas Cowboys to e-commerce, he started one Fanatics China Operation and even got an investment from Jay-Z.

Hours before the Philadelphia 76ers, a team he co-owns, played a home game against the Miami Heat on December 15, Rubin put the deal aside and focused on something more significant.

“I think about business all the time, but I didn’t run around on the pitch,” said Rubin. “This is really amazing to me. I haven’t checked my phone for over an hour. I didn’t think about work. “

The reason: Rubin had to watch out for families who were affected by an unfair criminal justice system. He had to show his friend, hip-hop star Meek Mill, that he was still involved REFORM alliance, an organization created to drive change in the criminal justice system.

And Rubin, 49, also had to protect his basketball credibility and get the most out of another musical superstar who joined 25 children and families at the Well Fargo Center for REFORM Alliance night.

“He’s the only person who likes basketball more than me,” joked Rubin, referring to rapper Lil Baby. “I wouldn’t let Lil Baby outdo me in basketball.”

Make a call

Follow Rubin long enough and you will find that he memorized the story of Meek Mill.

Rubin explains how Mill’s ruling played out in front of the 76ers’ coach Doc Rivers in 2017. He spoke about it in a television interview while Josh Harris, majority owner of Sixers and co-founder of Apollo Global Management, was watching it closely.

“That means he’s going to find out,” said Rubin of Harris’ learning how to give back. “Josh is more focused than ever on giving back to the community.”

Mill, the Philadelphia-born hip-hop star known in the criminal justice system as Robert Williams, was sentenced to 2 to 4 years in prison in 2017 for a parole violation. The ruling attracted national attention, and Jay Z attracted more attention about an unfair system.

In a 2017 New York Times article, he wrote that probation was like a “landmine” and that an “accidental misstep” could have “greater consequences than the crime”.

Williams’ case also caught Rubin’s full attention when Mill invited him to follow the proceedings and “see what happens to blacks when they go to court,” recalled Rubin.

Mill’s story is well documented in a 2018 piece for ESPN’s The Undefeated. The article provides the details of Mill’s entry into the probation system since she was 19 while growing up in north Philadelphia.

Recalling the 2017 verdict, Rubin says, “The smartest thing he ever did was call me.”

In 2019 Rubin joined Mill, Jay Z and sports owners including Brooklyn Nets co-owners Clara Wu Tsai to Start REFORM Alliance. The organization wants to raise awareness of injustices within the criminal justice system. REFORM board members have pledged $ 50 million, according to CNN. And now-former Twitter CEO Jack Dorsey increased that number with his $ 10 million donation in May 2019.

REFORM claims it has collected more since then, but CNBC did not want to provide an exact number. But since REFORM was introduced, Rubin said, 13 bills have been passed in eight states, including California, where the probation period for most violations is now limited to two years.

He added that legislation in Pennsylvania is now at the state Senate level.

According to the US Department of Justice, “Community supervision, “- those on parole or parole – fell from more than 4.1 million people in care to about 3.8 million in 2020. And just for parole, 8.3% the largest annual decrease for those who have been on probation since 1980.

Rubin said REFORM had made “good progress” in repairing a “broken” system.

“We don’t want people to do something smaller like smoke weed to get back to jail,” he added. “It’s a waste of taxpayers’ money and we’re ruining families and hurting people.”

“Mike learned a lot,” Mill told CNBC. “Now he understands the world I come from – where we come from,” he added, referring to this reporter, also from North Philly. “He understands poverty and I think he’s interested enough where he can go at this level.”

Fanatics owner Michael Rubin chats with families affected by unfair probation and probation laws.

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The conversation at the first table

To help raise awareness of REFORM and deliver an NBA Christmas experience, Mill and Rubin worked together to take in 25 children, ages 6-18 who have been negatively impacted by probation and probation violations.

Mill said he called Rubin with a simple request, “Can you help make some children in my ward feel special?”

“The holidays are part of it,” Mill told CNBC. “Young children who don’t have parents in the house may not have a good vacation.”

“Every child here has a mother or father who is currently in jail or has been jailed for a technical violation,” added Rubin. “You did not commit a crime, you went to jail.”

The young participants played a mini scrimmage game before the Sixers Heat game. It was Team Meek Mill versus Team Lil Baby. Rubin came to Mill so that he could compete with Lil Baby for most of the game.

The two dived on the ground for a loose ball, and the Atlanta musician got the most out of Rubin on the jump ball.

“I feel like they tried me,” joked Lil Baby.

Michael Rubin joined rapper Lil Baby in a scrimmage game that featured the kids attending REFORM Alliance night.

Photo: Shareif Ziyadat and Studio 76

When asked why he accepted the invitation to the REFORM event, Lil Baby replied, “I’ve been in some of these situations, so it definitely was for me. I come from that environment.”

The kids also took part in a question-and-answer session with Sixers trainer Doc Rivers and watched Sixers from a suite and the seats in the yard with Mill, Lil Baby and TikTok stars Charli and Dixie D’Amelio fell in the heat.

The children also received gift bags with NBA items.

“So that these kids are here and play basketball with Lil Baby and Meek Mill – we wanted to give them the best day of their lives,” said Rubin.

And the event also served as another opportunity for Rubin to hear more stories about the “broken system”.

During the REFORM dinner with the families, Rubin sat at table 1 and joined Recco Ford Sr., a Philadelphia native who was also sentenced to 2 to 4 years in prison in 2015 for being late for a parole session.

Ford said the conversation with Rubin at table 1 was “surreal” and “motivational”. When asked what he saw when he looked at the Fanatics owner, Ford replied, “I see someone who has a lot of influence and gives back and takes the time to help.”

A group photo taken at the REFORM Alliance night in Philadelphia.

Photo: Shareif Ziyadat and Studio 76

“This is a time to make real change in this country and I feel like the organization is at the forefront of that change,” said Robert Rooks, CEO of REFORM. “The business side of it: How can we do more of these events and stand up for our loved ones in the community.”

Back to business

After the scrimmage was over, Rubin retrieved his phone, but nothing significant had happened during the game.

MLB, Fanatics’ biggest sports customer, is still on hold. The chatter on Wall Street was slow, and the $ 18 billion company was doing fine.

“Eight text messages and only nine emails – it wasn’t as bad as I thought,” said Rubin. “I will go back [to New York] I’m more excited about this event than anything I’ve done in the business world today. “

When the fun was over and asked what he saw when he looked at Michael Rubin, Lil Baby replied, “A businessman all day, every day. And that’s why we click.”

Told Lil Baby calls him “my older guy,” laughed Rubin.

“He will call me and ask a lot of different things. ‘What do you think of this company? Should i invest? Shouldn’t i invest?

“He was in prison five years ago and is now one of the greatest artists in the world,” added Rubin. “His values ​​are insane.”

When asked what his Wall Street colleagues would like to take away from the REFORM Alliance event, Rubin urged them to give something back.

“When you talk about people on Wall Street, you are talking about people who are generally better,” said Rubin. “You have a responsibility to make a difference.

“Meek is lucky and I’m lucky,” added Rubin. “It is our responsibility to give back to our communities. Anyone lucky enough to be in a good position and not giving back is not a good person.”

Walgreens Boots Alliance (WBA) This fall 2021 earnings beats

Walgreens Boots Alliance surpassed Wall Street’s expectations for fourth quarter earnings on Thursday as the company saw demand for Covid-19 vaccines spike in the midst of a growing number of employer mandates.

The profits were released for virtual investors a day ago on the Walgreens CEO Roz Brewer, who joined the company earlier this year, outlined her strategy to refresh the corporate brand and drive growth.

Shares closed 7.4% to $ 50.77 on Thursday as investors processed the drugstore chain’s ambitious plans to transform into a healthcare-focused company. An integral part of that strategy was that Announcing a $ 5.2 billion investment in VillageMD, a primary care company opening clinics in Walgreens stores.

The majority stake in VillageMD will not only help Walgreens fill out prescriptions but also have doctors to write them out.

In the fourth quarter, Walgreens administered 13.5 million vaccines – almost double the expected 7 million in the three-month period. It’s ready for another wave of vaccinations as people get booster doses and It is expected that younger children will soon qualify for the recordings.

“Mandates matter,” said CEO Roz Brewer in an interview with CNBC’s Bertha Coombs. “There are a lot of companies and organizations, cities and towns that have mandates and I think it forces people to say, ‘I have to go to work. So I have to get this vaccine.’ So it creates an increase. And we see that in our shops. “

Besides, she said, people worry Covid – especially with the Delta variant. Along with the vaccination repeal, Walgreens said it had seen a boost in sales from home-based Covid testing and a recovery in demand for over-the-counter medicines for colds, coughs and flu.

Walgreens also said it achieved its goal of cutting the annual cost of its business a year ahead of schedule. CFO James Kehoe said the cost savings target would be increased to $ 3.3 billion by fiscal 2024.

He said the company expects flat adjusted earnings per share growth at constant exchange rates in fiscal 2022.

Here’s what Walgreens reported versus analyst expectations for the fourth quarter ended August 31: based on refinitive data:

  • Earnings per share: adjusted $ 1.17 versus expected $ 1.02
  • Revenue: Expected $ 34.26 billion versus $ 33.30 billion

For the quarter, net income rose to $ 627 million, or 72 cents per share. from $ 373 million, or 43 cents per share, last year. Walgreens made $ 358 million, or 41 cents per share, from its continuing operations in the most recent quarter.

With no items, however, the company made $ 1.17 per share, beating the $ 1.02 analysts surveyed by Refinitiv had expected.

Sales rose to $ 34.26 billion from $ 30.37 billion a year earlier, more than analysts’ forecast of $ 33.30 billion.

Sales online and in Walgreens stores in the US that were open for at least a year increased 8.1% year over year as consumers got Covid-19 vaccinations and filled out more prescriptions. Health and wellness product sales rose 14% year over year as consumers bought more Covid tests, vitamins and over-the-counter medicines for coughs, colds and flu at home.

Brewer said Covid vaccines had a “halo effect” when sold locally. When people went to the pharmacy for the syringe or waited 15 minutes, they bought some other goods, from beauty items to allergy medication. She said Walgreens wants to increase the number of other types of vaccines it delivers, for hepatitis B and more.

Brewer also told CNBC that the company Will take a close look at tobaccothat it kept on the shelves despite its rival CVS health drop the products.

Its international segment – which includes UK chain Boots – is recovering after the Covid-19 restrictions were lifted in July. Compared to the same quarter last year, sales online and in Boots UK stores that are open for at least a year increased 11.4% in pharmacy services and 15% in retail.

Pedestrian traffic in boat shops on highways, such as near offices and commuter centers, is recovering but is still below pre-pandemic levels, the company said.

The drugstore chain said it has given more than 40 million Covid vaccines to date. Vaccinations peaked in the third quarter with 17 million vaccinations.

At the close of trading on Thursday, the shares of Walgreens Boots Alliance are up about 27% this year. The company’s market value is nearly $ 44 billion.

Read the company’s press release here.

International Funds and Virgin Cash Kind Strategic Alliance to Redefine the Way forward for Digital Commerce

New payment ecosystem to expand networked commerce and provide an integrated suite of digital functions

ATLANTA, September 08, 2021 – (BUSINESS WIRE) – Global Payments Inc. (NYSE: GPN), a global leader in payment technology and software solutions, and Virgin Money, one of the UK’s leading financial services groups, today announced an agreement to leverage Global Payments’s unique two-sided network to deliver market-leading digital payment experiences to Virgin Money customers worldwide.

This press release contains multimedia. Check out the full version here: https://www.businesswire.com/news/home/20210908005232/en/

The companies announce that they are working on the launch of a new connected payments offering that will bring a seamless experience for Virgin Money consumers and merchants. This new salary offering would expand trading and provide an integrated suite of digital skills.

“We have an unmatched global position that connects both sides of the payments ecosystem and enables us to completely transform the digital commerce landscape,” said Jeff Sloan, chief executive officer, Global Payments. “This new payment solution will reimagine the entire interaction between merchants and their customers, virtually and physically, in order to reduce friction, create added value and promote extraordinary experiences on an omnichannel basis.”

“Expanding our partnership with Global Payments enables us to bring all of our credit and debit cards together on a single platform. Working together allows us to leverage their expertise across the payment ecosystem, combined with our focus on customer experience and being one of the world’s best-known brands, gives us the ability to develop new digital payments offerings to enhance the experience for our millions of private and Business customers as we continue to transform the status quo of UK banking, “said David Duffy, Chief Executive Officer of Virgin Money UK.

Virgin Money will be able to access end-to-end lifecycle data through the new payments offering in its companies to gain better insights into buying patterns and trends in order to bring new products and services to market that directly meet customer needs and which Improve the customer experience journey.

The story goes on

As part of this partnership, Global Payments will act as the exclusive trading services provider for Virgin Money, offering cutting-edge acquiring technology to its large customer base. In addition, Global Payments will expand its longstanding relationship with Virgin Money through its TSYS Issuer Solutions segment. This will create a single unified platform that will add all of Virgin Money’s debit business to its current credit solutions under a new agreement that extends into the next decade, subject to regulatory approval.

About global payments

Global Payments Inc. (NYSE: GPN) is a leading payment technology company providing innovative software and services to our customers around the world. Our technologies, services and the expertise of our team members enable us to offer a wide range of solutions that enable our customers to run their business more efficiently through a variety of channels around the world.

Global Payments, headquartered in Georgia and with nearly 24,000 team members worldwide, is a Fortune 500® company and a member of the S&P 500 with global reach in over 100 countries in North America, Europe, Asia Pacific and Latin America. For more information, visit www.globalpayments.com and follow Global Payments on Twitter (@globalpayinc), LinkedIn and Facebook.

Via Virgin Money UK

Virgin Money UK is a full service digital bank serving 6.5 million customers across the UK. It offers market-leading products and services to meet the full range of customer needs in private and business customers. Virgin Money aims to provide customers with a consistently first class experience through its leading technology platform, telephone banking and a national network of innovative stores and commercial banking centers. By improving its banking business, Virgin Money seeks to serve its purpose of “making you happier with money.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005232/en/

contacts

Investor contacts:
Winnie Smith 770.829.8478
investor.relations@globalpay.com

Richard Smith +44 7483 399 303
contact@ir.virginmoneyukplc.com

Media contacts:
Emily Edmonds 770.829.8755
media.relations@globalpay.com

Simon Halle +44 7855 257 081
press.office@virginmoneyukplc.com

CN Movie Workplace, Native American Media Alliance current writers seminar | Arts-entertainment

TULSA – The Cherokee Nation Film Office partnered with the Native American Media Alliance to launch the first Native American Writers Seminar.

The new initiative aims to help Native American Indians break into the entertainment industry by supporting new and developing writers.

The week-long virtual seminar, slated for this July, includes several writing-intensive workshops, as well as individual mentoring and group sessions that focus on developing existing scripts and preparing for scholarship submissions.

“The Cherokee Nation Film Office is pleased to present this new seminar for aspiring Native American screenwriters. We are experiencing a renaissance where television and film audiences crave more varied stories,” said Jennifer Loren, director of the film office. “The need to develop more Native American screenwriters to sit down at these tables and create this content is immediate. We believe workshops like this are an integral part of the pipeline already set up by the Barcid Foundation, the Native American Successfully supplied writers has access to Hollywood decision-makers. “

The Native American Writers Seminar offers in-depth feedback, insights into prestigious scholarships and their application processes, rigorous writing sessions, and access to seasoned industry professionals.

“We are honored to partner with the Cherokee Nation Film Office on this new endeavor. With the success of our television and feature film writing laboratories, we continue to develop new ways to support our artists,” said Ian Skorodin, CEO of the Barcid Foundation .

The submission deadline for this year’s intensive is now open and applications are accepted until May 14th.

Established in 2019, the Cherokee Nation Film Office’s mission is to increase Native American presence in all areas of the film and television industry while creating opportunities for economic development and jobs in the Cherokee Nation.

NAMA is a community-based organization that brings the real Native American voice to the entertainment industry and offers unique programs that educate the non-native population.

For more information or to submit an application, visit https://nama.media/inaugural-native-american-writers-seminar-call-for-applications.