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Papa John's tanked Tuesday after a report that a plan to sell the company has fallen apart.The Wall Street Journal reported that the asset manager Trian Management Funds is no longer interested in bidding for the company. According to the Journal, others are still considering taking a stake in the company, but not a total purchase.Papa John's (PZZA) stock was down 10% at market close Tuesday.Papa John's declined to comment for this story. Trian did not immediately respond to a request for comment from CNN Business.Rumors have been swirling for weeks about potential buyers for the company. Each report has caused shares of the company to spike. The Journal reported Trian's interest last month.Without a buyer, the struggling pizza company will have to find a way to convince investors that it can solve its problems on its own, and beat out competitors Domino's and Pizza Hut. That's a tall order.The company has been working hard to distance itself from controversial founder John Schnatter, who resigned his role as chairman in July after news broke that he had used the N-word on a conference call.Papa John's said earlier this month that same-store sales in North America fell by 9.8% during the most recent quarter. Total revenue dropped 15.7% from a year earlier to about 4 million.Schnatter also stepped down as CEO at the end of last year after he caused a controversy by blaming the NFL for poor pizza sales. Schnatter said sales were hurt by the way the league handled players' kneeling during the National Anthem in protest of racial injustice.Since then, Papa John's hasn't been able to regain its momentum, and sales have continued to slip.Other pizza sellers have struggled this quarter. Pizza Hut's sales were flat, and though Domino's (DPZ) reported domestic and international same-store growth, the company missed analyst expectations.But Pizza Hut and Domino's are better equipped to win the pizza wars. Domino's has invested heavily in tech, and Pizza Hut is bolstering its partnerships. Pizza Hut replaced Papa John's as the NFL's official sponsor earlier this year. 2159
PHILADELPHIA (AP) — President Donald Trump’s campaign has filed plenty of lawsuits in six states as he tries to upend an election he lost to Democrat Joe Biden. The strategy may have played well in front of TV cameras, but it's proved a disaster in court, where judges uniformly have rejected claims of vote fraud. The latest case ended Saturday, when a federal judge in Pennsylvania said Trump lawyer Rudy Giuliani presented only “speculative accusations” and no proof of rampant corruption in the vote. After a hand recount of nearly 5 million votes in Georgia, Biden maintained a 12,000-vote lead over Trump. The conclusion of the recount means that Biden is the projected winner of the state and its 16 Electoral College votes, according to the Associated Press.Georgia's audit is required by a new state law and wasn’t in response to any suspected problems with the state’s results or an official recount request. The Trump team has requested a recount of votes following the audit.A law school professor says the suits threaten the future of elections because so many Americans believe the claims being made by Trump's team. 1138

OTAY MESA, Calif. (KGTV) — An interactive map shows where the Caliente Fire is burning in Otay Mesa.The Caliente Fire started Thursday about noon off Airway Road, spreading through brush in Pacific Gateway Park.Evacuations were ordered for businesses east of the park about three hours later before being lifted just before 7 p.m. San Diego Fire-Rescue air and ground support responded to battle back flames.RELATED: Evacuations ordered, businesses damaged in Caliente Fire burning in Otay MesaSee the map below for an updated look at evacuations, closures, and media from the scene:(Refresh page for updated information) 629
Outside of the race for president, the 2020 Election was historic.It was the first time that Republican stronghold states voted in favor of marijuana, as both South Dakota and Montana voted to legalize recreational use of the drug.Arizona, a more moderate state, along with progressive New Jersey, also voted to legalize recreational use during the 2020 Election.“Once people legalize it they like it. They like prohibition ending,” said Brendan Johnson, a former U.S. Attorney for the district of South Dakota.In South Dakota, the vote to legalize marijuana on Nov. 3 passed with 54.2 percent approval, while 62 percent voted to re-elect Donald Trump as president; a once-partisan discrepancy that could also be seen in Montana, where 56.9 percent of the electorate voted for Trump and 57.8 voted for legalization.“Part of our state’s libertarian streak, which leads people to believe that the government doesn’t have a role to play in this, and, frankly, prohibition carried the day along with economic costs of building larger and larger prisons across the state,” said Johnson.According to Johnson, 10 percent of South Dakota’s arrests last year were for marijuana possession, oftentimes only a few grams. He says it is a number that is seen in states countrywide and one that has swayed Republicans to vote for a bill that they once may have not.In 1992, only about 25 percent of the party supported legalization nationwide, where today, that number stands at 53 percent, according to the Justice Collaborative Institute.“It became very hard to point towards legalization and say there was anything that was moving the topline numbers,” said Andrew Freedman, a vice president for Forbes-Tate, a bipartisan public advocacy firm.Freedman helped implement Colorado’s marijuana laws when the state became the first to legalize recreational marijuana in 2014. He says it became a case study for others who thought the drug would lead to more arrests, youth use, and crime-- all things that never transpired, according to the Crime and Justice Research Alliance.“There are a lot of Republicans who believe in less government and who think that the war on drugs was a failure and would themselves, be for legalization,” said Freedman. “There were a lot of unanswered questions, and now more and more questions are getting answered so there are fewer and fewer reasons to say no.”In six years, 15 states have voted to legalize recreational pot while 35 have legalized medical use. 2485
PHILADELPHIA — Police shot and killed a 27-year-old Black man on a Philadelphia street after yelling at him to drop his knife, sparking violent protests that police said injured 30 officers and led to dozens of arrests.The shooting occurred Monday afternoon as officers responded to a call for a person with a weapon.Police spokesperson Tanya Little said officers who arrived ordered the man to drop the knife.Video of the fatal confrontation posted on social media shows officers pointing their guns at the man, later identified as Walter Wallace, 27.He walks toward the officers as they back away from him in the street, guns still aimed at him. Both officers then fired several times.One of the officers transported Wallace to a local hospital, where he later was pronounced dead.According to the Philadelphia Inquirer, both officers were wearing body cameras at the time of the shooting.Wallace's father, Walter Wallace Sr., told the Inquirer that his son suffered from "mental issues" and that police should not have resorted to gunfire.“Why didn’t they use a Taser? His mother was trying to defuse the situation,” Wallace Sr. told the Inquirer.Philadelphia Mayor Jim Kenney said on Monday that video of the shooting raised "difficult questions," according to CNN. CNN also reports that Philadelphia Police Commissioner Danielle Outlaw has directed a police-controlled unit on officer-involved shootings to open an investigation."I have directed the Officer Involved Shooting Investigation Unit to begin its investigation," Outlaw said in a statement. "I recognize that the video of the incident raises many questions. Residents have my assurance that those questions will be fully addressed by the investigation."Hundreds of people took to the streets to protest the shooting late Monday into early Tuesday. The Inquirer reports that one officer was hospitalized but in stable condition after suffering a broken leg after being hit by a pickup truck. Another 29 officers suffered "minor" injuries after being struck by rocks, bricks and other projectiles.At least one police car was destroyed when it was set on fire, and another six cruisers were vandalized.Police detained 10 people, who face pending charges of rioting or assaulting police. 2257
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