Power Sustainable, the investment firm run by Canada's Desmarais family, has appointed Bruce Heyman as its new CEO. Heyman’s main goal is to draw in more capital from global institutional investors.
In 2023, just 0.34% of on-chain transactions were linked to illegal activity. This indicates a significant decline in the use of blockchain for nefarious purposes, highlighting the growing legitimacy of cryptocurrency in mainstream finance.
Ireland’s data protection watchdog has fined Meta Platforms for improperly storing passwords of some Facebook and Instagram users on its internal systems. The company failed to implement adequate safeguards, raising serious privacy concerns. This marks a significant move in the ongoing scrutiny of tech giants over data protection practices.
In a remarkable turn of events, Nike's new CEO has risen through the ranks from entry-level positions to the very top. This unique journey within the company gives him invaluable insights into its culture and operations. Industry experts believe his experience at every level could be a significant advantage as he leads Nike into the future, fostering innovation and understanding employee perspectives. As he steps into this pivotal role, many are eager to see how his grassroots experience will shape the brand and drive its success.
Sky has accused Warner of breaching their co-production deal, which grants Sky exclusive long-term rights to certain shows. This claim has raised concerns about the future of their partnership and the distribution of content in the competitive pay-TV market. Sky is seeking to resolve the issue through legal means as both companies prepare for potential fallout from the dispute.
Volkswagen has lowered its sales and profit forecasts for the year, joining several other European carmakers facing challenges in the shift to electric vehicles. The company cites a tough market and increased competition as key factors impacting their outlook. This move highlights the growing struggles in the automotive industry as it navigates the complex transition to electrification.
The executive of WeightWatchers, who took charge in 2022, is steering the company into the growing market for obesity medications. This move comes as demand for effective weight loss solutions rises, positioning WeightWatchers to tap into new opportunities and expand its reach in the health and wellness sector.
Regeneron Pharmaceuticals and Sanofi have received expanded FDA approval for their anti-inflammatory drug Dupixent to treat chronic obstructive pulmonary disease, or COPD. This approval adds to Dupixent's growing list of uses and highlights its potential in managing respiratory conditions.
News Corp-controlled REA Group has made a fourth proposal to acquire British real estate platform Rightmove for about $8.3 billion in cash and shares. The company is urging Rightmove's board to engage in discussions regarding the offer.
A finance professor argues that the impact of recent proposals is indirect and uncertain. He suggests there are more effective ways to achieve the goals advocates are pursuing.
