May 11, 2018

Reports: Hedge fund manager to buy Carolina Panthers

Carolina Panthers quarterback Cam Newton. Photo by Layne Murdoch/Getty Images.

David Tepper, the billionaire co-founder of hedge fund Appaloosa Management, has won out to buy the Carolina Panthers football franchise, according to multiple reports. A deal could be formally announced as early as next week.

Backstory: Jerry Richardson, who has owned the Panthers since its formation, put the team up for sale last year amid allegations of sexual and racial harassment in the workplace.

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Big video game conference delayed amid coronavirus concerns

Photo: GDC

Next month's Game Developers Conference in San Francisco became the latest tech event to be cancelled or postponed amid growing concerns over the spread of the novel coronavirus.

The big picture: A growing number of events are being scrapped, including Mobile World Congress and Facebook's F8 developer conference. Some, like the giant SXSW event in Austin, insist they are moving forward.

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Trump again nominates Rep. John Ratcliffe for intelligence chief

Ratcliffe at CPAC on Feb. 27. Photo: Michael Brochstein/Echoes Wire/Barcroft Media via Getty Images

President Trump again nominated Rep. John Ratcliffe (R-Texas) as Director of National Intelligence (DNI), in a tweet on Friday.

Catch up quick: If confirmed, Ratcliffe would eventually replace Richard Grenell, a staunch defender of Trump and former U.S. ambassador to Germany who was installed as the acting DNI only a few weeks ago. Grenell would have had to leave the post on March 11 unless Trump formally nominated someone else to oversee the U.S. intelligence community, the New York Times reports.

Go deeperArrowUpdated 2 hours ago - Politics & Policy