Most U.S. visa applicants who were denied because of former President Donald Trump's travel ban on 13 mostly Muslim-majority and African countries can seek new decisions or submit new applications, the State Department said on Monday. President Joe Biden overturned Trump's so-called Muslim ban on Jan. 20, his first day in office, calling it "a stain on our national conscience" in his proclamation. State Department spokesman Ned Price said applicants who were refused visas prior to Jan. 20, 2020, must submit new applications and pay a new application fee.
(Bloomberg) -- Eric Yuan, chief executive officer of Zoom Video Communications Inc., donated more than a third of his stake in the company, filings show.Yuan gifted almost 18 million shares of the conferencing-technology firm last week. The filings didn’t specify the recipient of the stock, which was owned by a Grantor Retained Annuity Trust, or GRAT, for which Yuan is a trustee.The shares were valued at about $6 billion, based on Friday’s closing price.The distributions are consistent with the Yuans’ “typical estate planning practices,” a Zoom spokesman said in a statement.Yuan, 51, joins other members of the world’s mega-rich who’ve been transferring stock recently -- including Hong Kong billionaire Li Ka-shing, who last month gave some of his Zoom holding to his businessman son Richard. Jeff Bezos, the world’s richest person, has been donating shares of Amazon.com Inc. in support of a $10 billion pledge made last year to combat climate change.Pandemic SurgeYuan became one of the world’s wealthiest people as demand for Zoom’s main product skyrocketed during the pandemic. The stock surged almost 400% last year, but has dipped 7.8% in 2021.He’s the world’s 130th-richest person with a pre-transfer net worth of $15.1 billion, according to the Bloomberg Billionaires Index, a $9.2 billion increase since last March. The company has also brought huge gains to other shareholders, including Tiger Global Management’s Chase Coleman and Taiwanese investor Samuel Chen. Li’s Zoom stake now represents almost one-fifth of his net worth. Born in China, Yuan was refused a U.S. visa eight times before finally prevailing and moving to Silicon Valley. An early employee of rival video-conferencing group WebEx Communications, he founded Zoom in 2011, inspired in part by the challenges of maintaining a long-distance relationship when he was in college.The Wall Street Journal reported the share transfer earlier Monday.(Adds that Li Ka-shing cut his Zoom holding in fifth paragraph, details about the stake in seventh)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Now that Hyundai has shown its E-GMP electric car with the creased Ioniq 5, it's Kia's turn to show what it can do. The first of its E-GMP cars is called the EV6, and we're getting our first clear glimpse of it with these teaser images. From what we can see, it looks drastically different from the Hyundai.
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Caitlin Sarian felt the need to respond to a post comparing Kendall Jenner and Alyssa Carson, but didn't expect the response.
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MEGHAN MARKLE, WIFE OF BRITAIN'S PRINCE HARRY] "...not only was I not being protected, but they were willing to lie to protect other members of the family. But they weren't willing, to tell the truth, to protect me and my husband."The Prince Harry and Meghan sit-down tell-all interview with Oprah Winfrey, which aired Sunday on the American CBS TV network turned out to be a ratings blockbuster.Some 17.1 million Americans watched the bombshell two-hour interview, the broadcaster said on Monday, making it the biggest audience for any entertainment special since last year's Academy Awards.The news sent shares of parent company ViacomCBS to an all-time high.In the first public interview since Prince Harry and his wife stepped back from the British royal family a year ago, there were accusations of racism towards Meghan, a former American actress who is of mixed race... and claims Buckingham Palace failed to protect the couple from attacks in the UK press. The situation had become so intense - a teary-eyed Meghan confessed to Winfrey - that it drove her to suicidal thoughts.[MEGHAN MARKLE, WIFE OF BRITAIN'S PRINCE HARRY] "I just didn't want to be alive anymore."The no-holds-barred discussion of the royals also revealed a rift between Harry, his father Prince Charles and his brother Prince William.The interview set off a media frenzy in the British press and across social media.The hashag #HarryandMeghanonOprah was among the top five trending topics worldwide on Twitter during and after the broadcast.And the craze is not likely to die down as the full interview is aired in Britain Monday night.Buckingham Palace has yet to release an official statement.