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The brand and intellectual property of Sports Illustrated have been sold to marketing company Authentic Brands Group for 0 million.Meredith Corporation, the current owner of the iconic magazine, announced the sale on Tuesday. In an unusual arrangement, Meredith will continue to publish the Sports Illustrated magazine and website.The structure of the deal suggests that the Sports Illustrated brand is much more valuable than the storied magazine.Authentic Brands Group, which owns the brands of celebrities like Marilyn Monroe and Elvis Presley, will assume the marketing, business development and licensing of Sports Illustrated's intellectual property.Jamie Salter, CEO of Authentic Brands Group, said in a statement that Sports Illustrated's "trusted name and fiercely devoted following set the stage for the brand to become a leader in lifestyle and entertainment."According to the companies, potential new business opportunities include events, conferences, gambling and gaming products as well as video and television.Meredith, which is paying Authentic Brands Group an undisclosed fee to publish the Sports Illustrated magazine and website, said it would maintain the publication's editorial independence.Sports Illustrated was put up for sale last year along with Time, Fortune and Money magazines, which Meredith acquired via its purchase of Time Inc. Meredith also owns People, InStyle and Better Homes & Gardens.Salesforce CEO Marc Benioff and his wife Lynne Benioff purchased Time in September.Meredith sold Fortune to Thai billionaire Chatchaval Jiaravanon in November, and decided to take Money magazine off the market in April, turning it instead into a digital-only publication. 1715

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The 2019 Nobel Prize for Medicine has been jointly awarded to William Kaelin Jr., Sir Peter Ratcliffe and Gregg Semenza for their pioneering research into how human cells respond to changing oxygen levels.Announcing the prize at the Karolinska Institute in Stockholm on Monday, the Nobel committee said that the trio's discoveries have paved the way for "promising new strategies to fight anaemia, cancer and many other diseases."The 2019 medicine laureates, the committee added, have identified molecular machinery that regulates the activity of genes in response to varying levels of oxygen.The importance of oxygen has long been established, the committee explained, but how cells adapt to changes in its levels remained unknown.Randall Johnson, prize committee member, described the trio's work as a "textbook discovery.""This is something basic biology students will be learning about when they study, at aged 12 or 13, or younger, biology and learn the fundamental ways cells work. This is a basic aspect of how a cell works and, from that standpoint alone, it's a very exciting thing."The winnersNew York-born Kaelin established his own research laboratory at the Dana-Farber Cancer Institute in Boston and became a full professor at Harvard Medical School in 2002.Semenza, also born in New York, became a full-time professor at Johns Hopkins University in 1999 and since 2003 has been the Director of the Vascular Research Program at the Johns Hopkins Institute for Cell Engineering.Ratcliffe, who was born in Lancashire, England, studied medicine at Cambridge University and established an independent research group at Oxford University, becoming a full professor in 1996. 1694

The House of Representatives will vote Wednesday on significant gun control legislation for the first time in more than two decades, a move that Democrats hope will increase a pressure campaign for a vote in the Senate.The universal background check bill, H.R. 8, will come to the floor for a vote and is expected to pass with the Democratic majority. The legislation would require background checks on all firearm sales in the country. Currently, only licensed gun dealers have to perform background checks for anyone seeking to purchase a firearm. Most unlicensed sellers do not; H.R. 8 would make that illegal. There are exemptions to the law like "gifts to family members and transfers for hunting, target shooting, and self-defense," according to the House Judiciary Committee website.The bill, sponsored by a bipartisan duo of Reps. Mike Thompson, a California Democrat, and Peter King, a New York Republican, remains an outlier right now in the House since it has bipartisan support. Most of the legislation related to gun control has been sponsored by Democrats.Four other Republicans co-sponsored the bill: Brian Mast of Florida, Brian Fitzpatrick of Pennsylvania, Chris Smith of New Jersey and Fred Upton of Michigan. King told CNN on Tuesday that he may get a few more Republican colleagues to vote for the measure, but "no more than a handful."At a 25-year anniversary party for the gun control group the Brady Campaign on Tuesday evening, House Speaker Nancy Pelosi expressed confidence that the universal background checks bill would pass the House of Representatives. At the event, Pelosi also recalled her her efforts with Senate Minority Leader Chuck Schumer in the 1990s on gun control as "hard," but a "triumph that saved millions of lives.""Tomorrow we're going to send him the background check legislation," Pelosi said to her Senate colleague with a wide smile.Schumer predicted that the country is on the "precipice of great change" on the issue of gun safety."We have a Democratic House that will not flinch. We have a Senate Democratic minority that will not flinch. Most of all, we have a public who is aroused and strong."Democrats, including Pelosi, have made this a top policy priority in the new Congress, staging public hearings on the topic which had not been held for years in Congress. The legislation also has the backing of a multitude of outside groups, including the former congresswoman and gun control advocate Gabby Giffords, the Brady Campaign, Everytown for Gun Safety and Moms Demand Action.Once it passes the House, the bill will move to the Senate, where it is unlikely to pass in the Republican-majority chamber when legislation often needs 60 or more votes to advance.On Tuesday, King urged his Senate colleagues to consider the bill."I would think that they should let it come to a vote," he said, adding that the average American supports the universal background checks bill."This is not going to affect more than probably less than 1% of the American people and the ones it will affect either suffer from mental illness or are criminals. So to me, it's a phony issue being raised by some of the gun groups," he said.King understands that public opinion is on his side on this issue. 3247

The first cases of coronavirus and COVID-19 have been confirmed in Michigan.Gov. Whitmer announced late Tuesday that she has also declared a state of emergency to assist local governments to slow the spread of the virus.The state has a website set up specifically for COVID-19 and is at 299

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