Florida
Florida Entrepreneur Discusses JetBlue Board Seat as Stake Nears 10%
(Bloomberg) — JetBlue Airways Corp. investor Vladimir Galkin, a Florida entrepreneur, has increased his stake in the carrier to 9.98% and says he’s met with top executives to discuss a possible board seat.
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Galkin has been steadily building up a stake in JetBlue this year, and is now the airline’s third-largest investor, behind BlackRock Inc. and Vanguard Group Inc.
Galkin said in an interview that he met with JetBlue’s Chief Executive Officer Joanna Geraghty and Chief Financial Officer Ursula Hurley earlier this week.
“I have not decided whether I want to become a director,” he said. “Any consideration would, of course, require further discussions with the board and adhering to their nominating process.”
Galkin said he “expressed my interest in monitoring my significant investment as a director at some point” during the discussions. Geraghty didn’t make a commitment “either way,” and encouraged him to speak with the board’s nominating committee as required by the company’s bylaws, Galkin said.
In a statement, JetBlue said it “regularly speaks with shareholders and investors to listen to their views on the company’s strategy and progress.” A spokesman declined to comment on discussions with individual shareholders.
The airline is in the midst of a turnaround effort after federal judges blocked a planned acquisition and a partnership with another carrier, limiting its growth prospects. Geraghty has detailed plans to pull out of some cities and delay $3 billion in new aircraft purchases to help control persistently high costs. The airline will shift its focus back to leisure customers in its original strongholds of New York, New England, Florida and Puerto Rico.
“I was really impressed with Joanna and her team and their progress to date,” said Galkin, who cofounded and owns a majority stake in HUBX, an online global marketplace for wholesale electronics.
Galkin, who cashed in on GameStop Corp. during the meme stock craze, reiterated in the interview that he will hold his JetBlue investment to below 10%. Reaching a 10% stake triggers additional disclosure requirements and would allow him to call for a special shareholder meeting. He would also be considered an insider.
Activist investor Carl Icahn, who took a stake in JetBlue of nearly 10% earlier this year, subsequently secured two board seats.
Galkin has had, and intends to continue to have, discussions with JetBlue executives and board members “regarding the possibility of board representation,” according a regulatory filing Thursday. He may communicate with the board, management or other investors about operational, strategic, financial or governance matters, it said.
Shares of the company rose 1.3% in postmarket trading as of 6:02 p.m. Thursday in New York. The stock is down nearly 3% this year.
–With assistance from Crystal Tse.
(Adds JetBlue comment in sixth paragraph.)
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Florida
SNAP benefits will be changing in Florida starting Monday
TAMPA, Fla – New SNAP restrictions will start Monday in Florida.
What we know:
These changes will ban the purchase of many sugary sodas, energy drinks, candy and ultra-processed, shelf-stable prepared desserts.
Hunger Free America, an advocacy group, is against these restrictions.
Joel Berg, the CEO, said some regulation is a good thing, but he wants to see it support access to healthy foods as a choice.
“We do support mandates to mandate that healthier food is available in stores that do accept SNAP,” Berg said. “So, it makes a lot more sense to make it easier to get healthier food.”
Berg said these restrictions are unnecessary in achieving a healthier America.
“We should make America healthier again by making healthy food more affordable, convenient and physically available,” Berg said. “We shouldn’t micromanage the eating patterns of adults to try to achieve that goal.”
The other side:
This is part of the Make America Healthy Again initiative.
U.S. Secretary of Agriculture Brooke Rollins said, “Under the MAHA initiative, we are taking bold, historic steps to reverse the chronic disease epidemic that has taken root in this country for far too long.”
What they’re saying:
Berg said that these changes, on top of cuts to the program nationwide, will increase hunger.
“It’s not that low-income Americans don’t want healthier food; it’s that they can’t afford healthier food,” Berg said.
This coincides with the announcement that there will be cuts to WIC, the Special Supplemental Nutrition Program for Women, Infants and Children, which supplies food to mothers and young children.
“President Trump’s budget just announced that he’s proposing taking away fruits and vegetables from the WIC program for pregnant women and children under five,” Berg said. “So, they’re taking away healthier food.”
The WIC cuts would take away $1.4 billion in fruit and vegetable benefits from 5.4 million people.
Big picture view:
The SNAP changes come as part of the MAHA movement and include more than 20 other states that will implement changes over the next two years.
The Source: Information in this story comes from WIC, SNAP and interviews done by Fox 13’s Danielle Zulkosky.
Florida
GALLERY: Barrett-Jackson ‘Super Saturday’ takes over South Florida Fairgrounds
WEST PALM BEACH, Fla. (CBS12) — The engines are revving for one final day of high-stakes bidding and family fun at the South Florida Fairgrounds.
Barrett-Jackson’s Palm Beach auction reaches its grand finale today with an action-packed “Super Saturday” lineup, promising to close out the weekend with a full slate of collector car sales, live entertainment, and fan attractions.
“Super Saturday,” presented by Seminole Casino Coconut Creek, officially kicks off at 8 a.m. when gates, food courts, and the exhibitor marketplace open to the public.
What to expect
- 8:00 a.m. – 11:00 a.m.: The Fantasy Bid presented by Dodge begins early, running in tandem with the automobilia auction in the arena.
- 9:00 a.m. – 5:00 p.m.: Thrill-seekers can catch Dodge thrill rides on the Barrett-Jackson Performance Track.
- 10:00 a.m.: New amenities open to the public, including the Stella Artois, Staging Lanes, and Food Court patios, which offer shaded seating and auction views.
- 10:45 a.m.: The national anthem will be performed in the auction arena, signaling the start of the main collector car auction at 11 a.m.
- Afternoon Entertainment: DJ sets run from noon to 5 p.m. across the various patios, and a detailing clinic by Adam’s Polishes is scheduled for 2 p.m. near the South Showcase.
For those unable to attend, the whole event will be livestreamed throughout the day on the Barrett-Jackson website and the HISTORY channel from 11 a.m. to 6 p.m.
Today’s finale comes on the heels of a high-energy Friday that saw significant sales and notable celebrity interest.
Star power was evident throughout the day, particularly with vehicles tied to the Busch family. A 1957 Ford Thunderbird Convertible owned by Samantha Busch and a 1969 Oldsmobile 442 Custom Coupe were among the day’s heavy hitters, each fetching $159,500. Kyle Busch’s 1956 Chevrolet Bel Air Custom Coupe also drew a strong bid, selling for $143,000.
Other Friday highlights included:
- 1968 Ford Mustang Eleanor Replica: $137,500
- 2004 Dodge Viper SRT-10 Mamba Edition: $132,000
- 1972 Chevrolet K5 Blazer Custom SUV: $126,500
- 1957 Ford Thunderbird Custom Convertible: $121,000
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With a festival-style atmosphere and high-profile sales driving momentum, organizers expect a busy crowd for the final push at the auction block today.
Florida
Bodycam captures life-saving rescue of choking baby by Florida deputies
ORANGE COUNTY, Fla. (CBS12) — A quiet Monday turned into a frantic race against time when a deputy stepped in to save a choking 1-year-old’s life.
According to the Orange County Sheriff’s Office, deputies responded to a call about a 1-year-old baby choking. Upon arrival, the responding deputy performed life-saving procedures to help the child breathe again.
See also: Two arrested after 6-year-old arrives at Florida school with bruises, deputies say
Body camera video shows a deputy holding the baby, flipping it over on its stomach, and beginning to pat the baby’s back.
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When the baby begins to cry, the deputy is heard saying, “he’s good.”
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