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What Will It Take to Get a Bundibugyo Vaccine? | Johns Hopkins Bloomberg School of Public Health
Decades of research and billions of dollars went into licensing a vaccine for Zaire ebolavirus. What will it take to get one for Bundibugyo?
Fox to acquire Roku in $22 billion deal
Fox CEO Lachlan Murdoch said on Monday that the Roku acquisition marks a "defining moment" for the company.
Fox is buying Roku for $22 billion
Fox is acquiring Roku, the popular streaming TV platform, in a massive $22 billion deal, the companies announced Monday.
Fox to buy Roku in $22 billion deal
Fox signed an agreement to acquire Roku in a deal valued at about $22 billion, the companies said.
An ancient piece of the moon found in Africa hints at a long-ago collision that turned the lunar surface molten
A meteorite shows evidence that an ancient crash on the moon 3.5 billion years ago was so powerful, it turned the surface molten.
Themed Entertainment Giant Teases $55 Billion Investment
One of the world’s leading themed entertainment developers has teased a $54.4 billion project which is expected to be one of the biggest investments in its history.
Saint-Gobain to Sell Dahl Business to Kesko for $1.76 Billion
Shares in Saint-Gobain rose after the company struck a deal to sell its distribution business Dahl to the Finnish retailer Kesko.
Saint-Gobain sells Dahl business to Kesko for $1.7 billion
France-based construction group Saint-Gobain agreed to sell its specialist distribution business in Sweden, Norway and Denmark, primarily under the Dahl brand, to Finnish retailer Kesko for €1.5 billion ($1.7 billion), the company said on Monday.
Beneath our feet lies a fungal superhighway stretching 68 quadrillion miles
Beneath our feet lies a vast hidden fungal superhighway that helps sustain much of life on Earth—and scientists have now mapped it for the first time. Researchers estimate that these underground networks stretch an astonishing 110 quadrillion kilometers, move about 4 billion tons of carbon dioxide into soils each year, and play a major role in supporting plants and regulating the climate.
In a surprise twist, Brian Kemp endorses Burt Jones for governor
Kemp's endorsement gives Jones a significant boost in the closing days of his bitter runoff against billionaire Rick Jackson
Costco Wholesale Corporation (COST) Shows How Digitally Enabled Sales Are Outrunning Its Core Business
Costco Wholesale Corporation (NASDAQ:COST) is one of the best e-commerce stocks to buy as global sales hit records. The company is best known for its warehouse-club model, but its online and digitally enabled sales continue to grow at a faster pace than the broader business. On June 3, Costco reported net sales of $24.01 billion […]
UK and Japan agree £18bn investment deal
Japanese firms will spend billions on UK infrastructure and offshore wind, Downing Street says.
The big business of summer camp
The US youth camp industry was worth an estimated $4.6 billion last year.
Honeywell Sees Strong M&A Opportunities in Industrial Automation Business
Honeywell International Inc. (NASDAQ:HON) is included among the 10 Best S&P 500 Dividend Stocks to Buy Right Now. On June 11, Reuters reported that Honeywell International Inc. (NASDAQ:HON) is targeting acquisitions valued between $2 billion and $4 billion and sees significant opportunities for deals within its industrial automation business. “There is a ton of opportunity […]
SBA moves to revise 8(a) rules while preserving tribal, ANC eligibility
Details By Brian Edwards Native Contracting June 13, 2026 The U.S. Small Business Administration has proposed changes to its 8(a) Business Development Program that would eliminate race-based presumptions of social disadvantage for individually owned businesses while leaving eligibility standards unchanged for tribally owned enterprises, Alaska Native corporations and other Native entity-owned participants. In both the title and summary of the proposed rule published in the Federal Register, SBA emphasized that the changes only apply to individually owned firms and “do not impact entity-owned firms,” including tribes, Alaska Native corporation, Native Hawaiian organizations and community development corporations. The proposed rule, announced June 11, would require all individual applicants seeking admission to the 8(a) program to submit evidence demonstrating social disadvantage. Membership in a racial or ethnic group alone would no longer establish eligibility, according to the SBA. For Indian Country, the agency said eligibility standards for businesses owned by federally recognized tribes, Alaska Native corporations, Native Hawaiian organizations and community development corporations would remain unchanged. The proposal comes after the Department of Defense reaffirmed that participation by tribes and Alaska Native corporations in the 8(a) program is based on their political status under federal law rather than diversity, equity and inclusion initiatives. In a May 28 letter to Alaska's Republican Sens. Lisa Murkowski and Dan Sullivan, Under Secretary of Defense for Acquisition and Sustainment Michael P. Duffey wrote that participation by federally recognized tribes and Alaska Native corporations in federal programs is “grounded in their political status as Native Americans, not DEI initiatives.” The SBA proposal follows a 2023 federal court ruling that found unconstitutional the program's rebuttable presumption that members of certain racial and ethnic groups were socially disadvantaged. SBA Administrator Kelly Loeffler said the proposed rule would establish a single standard for individually owned applicants by requiring evidence of social disadvantage. The 8(a) Business Development Program provides participating firms with business development assistance and access to federal set-aside and sole-source contracting opportunities. The program remains a major source of federal contracting revenue for tribal enterprises and Alaska Native corporations. Native-owned firms received $16.1 billion of the program's approximately $26 billion in federal contract awards during fiscal 2024, according to data previously reported by Tribal Business News. The proposal also arrives amid ongoing concerns from Native contractors about SBA administration of the program. In May, the Native American Contractors Association and 53 Native-owned businesses urged SBA to address delays in processing 8(a) applications, saying some reviews had stretched beyond regulatory deadlines and appeared to have stalled since August 2025. The proposed rule is open for public comment through July 13. The Federal Register notice does not reference tribal consultation or indicate whether SBA determined consultation was unnecessary because tribal eligibility standards are unchanged. The SBA has not announced when the proposed rule would take effect. The agency is expected to accept public comments before issuing a final rule.About The AuthorAuthor: Brian EdwardsBrian Edwards is associate publisher and associate editor of Tribal Business News and Native News Online. He is a longtime publisher, editor, business reporter and serial entrepreneur. Subscribe Today!Other Articles by this authorDefense Department reaffirms tribal, ANC eligibility in SBA 8(a) programTribal heritage projects eligible for up to $100K in federal funding through NPS programIHS launches tribal long-term care construction initiative with three projectsIḷisaġvik College acquires site for long-planned Utqiaġvik campus This article is available to paid digital subscribers. Click here to sign in or get access.
Sharon O'Keefe
As president of the University of Chicago Medical Center and chief operating officer of the 1,286-bed University of Chicago Medicine health system, Sharon O’Keefe oversees a clinical enterprise with annual operating revenue of $2.21 billion. In the past 18 months, UChicago Medicine opened an expanded adult emergency department—a $39 million investment—and an adult trauma center. Since 2011, the system has generated annual growth of nearly 5 percent in revenue and 4 percent in patient admissions. O’Keefe previously was president of Loyola University Medical Center and executive vice president and chief operating officer at Boston’s Beth Israel Deaconess Medical Center. She serves on the Illinois Hospital Association finance and audit committee and is on the American Heart Association’s Midwest affiliate board.
How video games became a channel for political influence
From China to Saudi Arabia, governments are investing billions in gaming to project influence and assert control
SpaceX IPO breaks record: here are 10 public offerings it dwarfed
SpaceX broke the public market record by raising $75 billion in the largest IPO ever, blowing 10 largest IPOs in history out of the water.
Paramount's $111-billion Warner Bros. acquisition clears key hurdle
As expected, the U.S. Justice Department gave its consent for the blockbuster merger expected to reshape Hollywood
Political blame game follows as screwworm parasite threatens cattle in Texas
Screwworms are on their way to becoming a billion-dollar international problem but can be contained if ranchers are vigilant, watch their herds and other wildlife, and quickly treat any infestations, U.S. Agriculture Secretary Brooke Rollins said.
FDA clears new computer-assisted device for removing clots in stroke patients
The Thunderbolt device from California-based Penumbra uses modulated aspiration to detect and remove blood clots. Back in January, Boston Scientific agreed to acquire Penumbra for approximately $14.5 billion.
How 30 Billion Pokémon Go Scans Became a Military AI Tool for Drone Warfare
30 billion images from Pokémon Go players have been used to train an AI model, now being adapted by Vantor for US military drone navigation.
Judge extends block on Trump's $1.8 billion 'Anti-Weaponization Fund'
U.S. District Judge Leonie Brinkema ruled that the fund will remain blocked until further notice from the court.
Judge extends block on Trump's $1.8 billion 'Anti-Weaponization Fund'
Acting Attorney General Todd Blanche says the government is scrapping its plans for the fund after bipartisan backlash
Judge says she doesn’t believe ‘anti-weaponization’ fund is dead; extends order blocking it
A federal judge on Friday said she doesn’t believe President Donald Trump’s plan for a $1.776 billion “anti-weaponization fund” is fully dead, and issued an order indefinitely blocking the proposal.
UFC White House and the Billionaire Alliance Monopolizing US Politics, Sports, and Entertainment
https://youtu.be/lEodBu8wALc?si=hkfmpX0f3prZm1SU
Sports betting popularity in Ohio continues to climb amid World Cup, NBA Finals
It's been more than three years since sports betting became legal in Ohio. It's now a multibillion-dollar industry in the Buckeye State.
Political blame game follows as screwworm parasite threatens cattle in Texas
The USDA launches a $1 billion plan to fight the spread of livestock-killing screwworms.
Eaton moves one step closer to becoming a cleaner bet on the AI boom
Auto parts manufacturer Dana has agreed to combine with Eaton's Mobility business in a deal that values the unit at $5.1 billion.
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
"No one has ever built a new stadium and made tickets cheaper. No one’s trying to.”
Trump's push for $350 billion 'arsenal of freedom' hits GOP skepticism
Trump calls on Republicans to pass a third reconciliation bill with $350 billion in defense spending and voter ID legislation, but GOP skepticism grows.
He Spent 15 Years Amassing SpaceX Shares. Now Comes the Windfall.
Justin Fishner-Wolfson, long a minor figure in Elon Musk’s orbit, is at the helm of a multibillion-dollar payout
Xbox layoffs planned as CEO Asha Sharma orders business reset
The Microsoft gaming unit's accountability margin has fallen to 3%, and revenue declined nearly half a billion dollars over five years
New Jersey Citizen Action’s Political Action Committee Endorses Candidates for 2026 General Elections
New Jersey Citizen Action’s Political Action Committee (NJCA-PAC) has endorsed US Senator Cory Booker, and Democratic Congressional candidates Zack Mullock (CD2), Rebecca Bennett (CD7), and Dr. Adam Hamawy (CD12) for the General Elections in November. In a press statement today, New Jersey Citizen Action Executive Director Dena Mottola Jaborska said: “At a time when Washington is prioritizing tax breaks for billionaires while working families struggle to afford healthcare, housing, and everyday necessities, we need lawmakers who will fight for[...]
DAZN, DirecTV Latin America strike sports channel deal ahead of World Cup
Sports streaming platform DAZN, backed by British-American billionaire Len Blavatnik, said it had struck a deal to bring DirecTV Latin America's DSPORTS channels to its platform in five countries, expanding its soccer offering as the 2026 FIFA World Cup kicks off.
Dana to Combine With Eaton’s Mobility Business in $5.1 Billion Deal
Dana said it has agreed to combine with Eaton’s Mobility business in a $5.1 billion deal that would create a more comprehensive supplier serving commercial- and light-vehicle markets.
Eaton to Merge Mobility Business With Dana in $10 Billion Deal
Eaton Corp. agreed to merge its mobility business with Dana Inc. in a deal valuing the combined company at roughly $10 billion including debt.
Trump’s ‘Anti-Weaponization’ Payouts May Not Be Dead After All
Despite insisting that a $1.776 billion fund has been scrapped, the administration is quietly assuring allies that plans remain on track.
Social Security is Facing a Political Crisis
On Tuesday the Social Security Trustees released their latest report on the system’s finances. The numbers didn’t change much: Unless something is done, the Old Age Survivors and Disability Insurance (OASDI) program, Social Security’s official name, will be unable to pay full benefits starting in either 2032 or 2034, depending on some technical issues. That’s not far away: If the Trustees are right, the prospect of a Social Security crisis will loom over the next presidential administration. It’s important to understand, however, the nature of the looming crisis. It won’t be an economic crisis. It won’t even be a serious fiscal crisis. Whatever you may have heard, Social Security isn’t in danger of going bankrupt. What we’re facing, instead, is potential political crisis. Congress and the White House could easily take action to sustain America’s retirement system. But given the current state of our politics, there’s no guarantee that they will. There is a widespread misunderstanding of how Social Security works. While Social Security was designed to look like a pension fund, it isn’t. A pension fund pays benefits out of a stock of assets it has accumulated over time. In contrast, Social Security operates as a government transfer program, like food stamps or Medicaid. Now, unlike food stamps — but like the highway trust fund — Social Security is on paper supported by a dedicated tax, the payroll tax, that is assigned to that program. But I say “on paper” because from an economic point of view assigning the payroll tax to Social Security is just an accounting convention. What matters for the U.S. economy is the overall balance between government spending and government revenue, not the difference between one type of spending and one source of revenue. So there’s no inherent economic significance to the fact that by 2034 payroll tax receipts will be insufficient to cover promised benefits. There is, however, a legislative issue. As long as the Social Security Administration can pay benefits out of payroll taxes and its cash reserve, there’s no need for Congress to vote each year to authorize benefits — they just keep going out until further notice. However, once those resources become insufficient, benefits will fall —by 17 percent according to the Trustees — unless Congress passes new legislation that “tops up” Social Security’s finances. Yet the current administration and Republican party are such extremists that there is a real risk that Social Security will be held hostage on behalf of their goals. If this should come to pass, the hostage-takers will claim that shoring up Social Security is unaffordable. Right on cue, Mike Johnson, the Trump-sycophant Speaker of the House, declared on Monday that “entitlement programs” like Social Security “have to be adjusted and fixed,” and that Republicans will introduce a plan to that effect next year. But this is a ploy, because while the cost of maintaining Social Security benefits at their promised level isn’t trivial, it is in fact affordable. According to the Trustees’ report, the actuarial balance of OASDI up through 2050 — the amount of additional funds it would need to keep paying full benefits for the next 25 years — is 1.06 percent of GDP. To put that number in perspective, the Trump administration proposes increasing military spending next year by $420 billion, equivalent to about 1.4 percent of GDP – without any discussion of whether that’s affordable Yet how did we get to the point where Social Security will need to be topped up? The main answer is that we have an aging population, with a growing ratio of retirees collecting benefits to workers paying into the system: Trump’s anti-immigration policies are making this problem worse. According to the Trustees’ report, lower immigration will deepen Social Security’s financial hole because many immigrants are working-age adults who will pay into the system for decades before they collect benefits. In fact, this problem may be much bigger than the report acknowledges: The report’s baseline assumption is that we’ll have net immigration of almost 1.2 million people a year, and even the pessimistic case assumes 750,000 a year. Meanwhile actual net immigration has already been cut far below that — and may now be negative. Moreover, Social Security is being financially damaged by growing income inequality in America. Payroll taxes are levied only on wages up to $184,500, and they don’t touch capital income. With the distribution of income increasingly shifting from labor to capital, as well as becoming more unequal among wage-earners, revenue from the Social Security payroll tax has been falling as a share of national income. From 1990 to 2024, it fell from 5.02 percent of gross domestic income to 4.46 percent. Which brings me to the question that, these days, we ask about everything: How might Social Security be affected by the advent of AI? A short answer: If, as many of us fear, AI accelerates rising income inequality, it will further reduce the payroll tax receipts that currently pay for Social Security and further endanger its finances. On the other hand, if AI, as its advocates promise, leads to faster economic growth, it will increase the potential tax base that could and should be used to support Social Security and other social insurance programs. But to take advantage of that larger base, we’ll have to get serious about taxing wealth and capital income. Is Social Security in trouble? Yes, but only because of the way its financing is currently structured — a structure that no longer works well because our society and economy have become so unequal. Moreover, Trump’s immigration policies are further endangering its already deteriorating financial condition. So don’t believe Republicans’ gaslighting that it will be necessary to cut Social Security benefits. All that is necessary to preserve Social Security is political will to raise taxes on the wealthy and a sensible immigration policy. MUSICAL CODA Actually 67 under current law.
Dana Incorporated Announces Agreement to Combine with Eaton's Mobility Business, Strengthens Dana's Position as a Leading Global Powertrain Systems Provider
Creates a premier, global powertrain leader focused on commercial and light vehicles with approximately $11 billion in sales and approximately $1.7 billion...
Hiltzik: The Diabetes Association crosses a line
The tally from Trumpian attacks on science now includes billions of dollars in damage to farmers and ranchers and assaults on scientists' freedom of speech.
A day in the life of John Paul DeJoria of Patron Tequila; haircare
John Paul DeJoria started John Paul Mitchell Systems in 1980 while living in his car. He sold Patrón Tequila in 2018 and is now a billionaire.
Inside the war to sideline stronger climate science, before it’s used in court
An emerging field of research that can measure how much climate change has worsened individual disasters is under attack by friends of the fossil fuel industry. Billions of dollars are at stake.
Albania’s Flamingo Revolution Spreads From Kushner Resort to Political Elite
As protests in Tirana extend into a second week, they have escalated from opposition to two €5 billion ($5.7 billion) planned resorts in ecologically sensitive areas linked to Jared Kushner into demands for the entire Albanian political establishment to step aside.
Patrick Mahomes becomes the highest-paid player in the NFL
Patrick Mahomes becomes the first NFL player to make half a billion in his playing career.
City of Houston passes Whitmire’s $7.5-billion budget for Fiscal Year 2027
Houston City Council approved Mayor John Whitmire’s budget with a vote of 15 to 1. Council Member Edward Pollard, the sole “no” vote, argued the plan was “fiscally irresponsible.”
Chiefs rework Patrick Mahomes' contract as quarterback becomes NFL's first half a billion dollar player
With the new deal that runs through 2033, Mahomes will earn an NFL-best $64 million per year
Why the World Cup Could Cost U.S. Employers $30 Billion This Summer
For the first time in 32 years, the tournament will return to the U.S. However, that's not necessarily good news for American business leaders.
The Supply Side: Walmart continues to expand its beauty business
The sale of beauty products is already a huge business at Walmart, with the retailer garnering roughly 20% of the estimated $107 billion industry sales annually, according to analysts at...
Oops, Scientists May Have Severely Miscalculated How Many Humans Are on Earth
While most estimates place the current human population at around 8.2 billion, a study suggests we might be vastly underrepresenting rural areas.
Stein makes new Helene federal funding request, billions lower than last ask
North Carolina's governor is in Washington on Wednesday meeting with members of Congress to push for new federal money for Helene recovery.
Reform deputy says ‘not aware’ of more financial gifts but unable to check all members
Richard Tice grilled at first party press conference since £5m gift to Nigel Farage from crypto billionaire revealed
India's Zee Entertainment to raise $241 million
Indian television broadcaster Zee Entertainment said on Wednesday that it would raise 23 billion rupees ($241.43 million) to fund its strategic and business initiatives.
What Brands Get Wrong About Sports Sponsorships—and How to Get Them Right
Companies spend billions sponsoring major sporting events, yet many still evaluate success primarily through exposure metrics such as logo visibility and immediate brand recall. New research suggests those measures increasingly misrepresent sponsorship effectiveness because consumers form long-lasting, overlapping associations among brands, events, and competitors within crowded sponsorship ecosystems. Brands generate more enduring value when they focus less on visibility and more on authentic participation, distinctive experiences, and emotional engagement that strengthen trust and meaningful long-term recall.
Leaked docs reveal LinkedIn's creator plans and new features road map
LinkedIn has shifted from a pure business-networking app to a social feed with 1.3 billion users. Internal docs show the new features it's planning.
Scientists, higher ed alarmed by federal 'power grab' over research funding
The Trump administration has proposed regulations to control billions of dollars in federal research funding, which it says will reduce "fraud and abuse." Scientists in Massachusetts and beyond say they could set back research in the U.S. by decades.
Volvo Eyes $3 Billion Autonomous Truck Business in Five Years
Volvo AB expects revenue from autonomous transportation to approach $3 billion within five years after starting driverless operations on US highways in a few months.
Bill Gates to face congressional investigators about ties to Jeffrey Epstein
Bill Gates will testify behind closed doors on Capitol Hill Wednesday after the release of the Jeffrey Epstein files earlier this year raised questions about the billionaire’s ties to the late convicted sex offender – marking one of the most high-profile appearances before congressional investigators to date.
Kean misses narrow vote giving Trump immigration effort $70 billion NJ Spotlight News
'These gulags shouldn't exist in our country,' says Conaway, while House speaker praises GOP for doing 'responsible thing'
Scientists discover a 3.5-billion-year-old asteroid impact on the moon
The first few billion years of Earth's history saw the rise of life, the atmosphere and the oceans. Still, that time is shrouded in mystery: Not many rocks remain that preserve a record of those early ...
UPMC to lay off 200 mostly non-medical employees
UPMC is laying off 200 mostly nonclinical employees, hospital officials confirmed Tuesday. A spokesperson for the $34 billion health system — the largest private employer in Pennsylvania — noted the layoffs amounted to a miniscule fraction of its 100,000 employees. UPMC said the move was part of a regular internal
House Votes to Advance $70 Billion G.O.P. Immigration Bill
The test vote cleared the way for final passage of Republicans’ megabill to fund immigration enforcement through the remainder of President Trump’s term.
Watchdog Group Skeptical of Vows to End Trump Administration’s $1.8 Billion Fund
Two sets of lawyers noted that while senior department officials said the fund would not move forward, they declined to offer assurances that this would hold in the future.
Truist says Meta has found its next $20 billion business, stock set to gain more than 40%
Analysts at Truist estimate Meta's new subscription model could generate over $20 billion in revenue by 2030.
Melco Resorts & Entertainment Extends Credit Facility Maturity Date to 2031 and Establishes Incremental Financing of HK$6.44 Billion
Melco Resorts extends HK$15.2 billion credit facility maturity to 2031, adding HK$6.4 billion, totaling HK$21.7 billion.Quiver AI SummaryMelco Resorts & Entertainment Limited has announced an extension of the maturity date for its HK$15.24 billion revolving credit facility from April 29, 2027, to June 9, 2031. In addition, the company has established an incremental facility of HK$6.44 billion, raising the total commitment under the 2020 Credit Fa
Meet the Walmart exec who runs a $96 billion business that would sit between Tesla and Target on the Fortune 500
Sam's Club CEO Latriece Watkins runs a $96 billion business within Walmart.
Snyder's Soapbox: You don't want a salary cap, you just want to be a billionaire
The only thing a salary cap will do is keep player salaries down and save the poor owners some money
Holland & Knight Health Dose: June 9, 2026 | Insights
The U.S. Senate passed a reconciliation package on a 52-47 vote that will provide $70 billion in funding to support U.S. immigration enforcement agencies and their activities.
Weapon Systems Acquisition: Beyond Business as Usual—Using Leading Practices to Curb Waste and Save Billions
Since 1990, DOD’s costliest weapon programs have consistently exceeded cost estimates and delivery schedules—wasting billions of dollars and decades...
FIFA wanted a World Cup without politics
How has Donald Trump's return to the presidency shaped expectations for the 2026 World Cup in the United States? As millions travel to North America and billions look on globally, DW looks beyond the glamour of the game.
Alaskans Reel From the Loss of National Science Foundation Ocean-Monitoring Instruments
In the nation’s fastest-warming state with a multi-billion-dollar fishing industry and storm-threatened coastal communities, scientists say the federal government’s decommission of a deepwater sensor system is ill-timed and wrong-headed.
GSK to Buy Nuvalent for $10.6 Billion in Oncology Push
The acquisition is set to give GSK ownership of three drug candidates for lung cancer, two of which are currently under review by the FDA for approval this year.
Plano unanimously passes $3 billion Dallas Stars arena and entertainment district proposal
It is a big vote — but not the final buzzer.
Platner floats jailing billionaires in fiery pre-primary speech pushing far-left agenda
Maine Senate candidate Graham Platner floated the idea of jailing billionaires over campaign finance violations in a fiery pre-primary speech that laid out his far-left agenda.
Report: U.S. Business Travel Now Accounts for More Than 2% of Economy
Business travel within and to the United States continues to be a major engine powering the nation’s economy and growth, generating $623.8 billion in total gros | Findings reveal business travel supports 6.7 million U.S. jobs and accounts for 2.1% of GDP, underscoring its role as a critical driver of economic growth nationwide.
Metaverse in Entertainment Market worth $121.96 billion by 2032
According to MarketsandMarkets™, the global Metaverse in Entertainment Market size will grow to USD 121.96 billion by 2032 from USD 30.6 billion in 2026, at a CAGR of 25.9% during the forecast period.
Jenn Landis rebuilt Citi’s Wall Street credibility. Her reward: CFO of a $22 billion business
Landis, who spent five years leading investor relations, will become CFO of the Markets business effective early August.
GBTA: U.S. business travel spending hits record $538.5B in 2024
Business travel spending in the U.S. | The report—based on 2024 data—found that business travel accounted for 2.1 percent of total U.S. GDP and generated $148.6 billion in federal, state and local tax revenue.
The $4 billion coffee pod business faces its biggest threat yet
Billions of coffee pods are sold every year. Coffee giant Lavazza is betting that consumers are finally ready for a different approach.
Impulse Passes $1 Billion in Funding
Redondo Beach-based Impulse Space Inc. catapulted past $1 billion in total capital raised Tuesday with a new $500 million series D funding round, led by
China says 'illegal' outbound investment crackdown won't lead to forced liquidation
China's crackdown on "illegal" cross-border investment won't lead to mainlanders' offshore accounts being closed and assets liquidated forcibly, the securities regulator said, amid investor concerns over the fate of $54 billion worth of assets.
Ingredion is in advanced talks to acquire Tate & Lyle for $3.6B
Ingredion Inc. is in advanced talks to acquire Tate & Lyle Plc in a deal valued at £2.7 billion ($3.6 billion), people with knowledge of the matter said, as another famous brand prepares to leaves the London stock market.
Telecom Companies to Buy Patrick Drahi’s SFR for $23.5 Billion
The deal marks a major shift for the French-Israeli billionaire’s business portfolio and will be a test of regulators’ openness to further consolidation in the industry.
The Pokemon Company posts its best numbers ever in latest yearly financial results report
A new report went up this week detailing The Pokemon Company’s latest financial results, and once again, records were achieved across the board. For net sales, The Pokemon Company recorded 531 billion yen for more than a 29 percent year-on-year increase. Operating profit came in at 144 billion yen, which was a 43 percent jump. Finally, net profit came in...
Entertainment Workers Oppose Paramount-WBD Merger in Town Hall
Writers, actors, crew members and small business owners expressed their opposition to the $111 billion transaction in Beverly Hills on Saturday: “It may be the final domino that knocks everything down.”
Top 15 US states with the highest income
A WalletHub study of the states with the highest incomes found that billionaire magnets like New York, California, and Florida were all bested by Virginia.
South Florida businesses question whether FIFA's economic boost estimate for the World Cup will become reality
FIFA estimates the seven games played in the area could generate $1.3 billion in economic activity.
Trump's deportation agenda is about to get a $70B infusion from Congress
For those aligned with Trump’s campaign promise for the largest mass deportation operation in U.S. history, it all but guarantees an uninterrupted flow of money to carry out the administration's immigration enforcement operations — and comes on top of some $170 billion Congress already approved for the department last summer, as part of Trump's big tax breaks bill.
Meet America’s 43 Self-Made Billionaire Queens Of Capitalism. Plus: Questions To Ask Before Turning Your Hobby Into A Business
Welcome to this week’s ForbesWomen newsletter, which every Thursday brings news about the world’s top female entrepreneurs, leaders and investors straight to your inbox.
How Elon Musk is redefining executive compensation
CEO pay packages have reached extraordinary levels, and Elon Musk stands far above everyone else with a compensation package valued at roughly $132 billion, The New York Times reports. Musk’s compensation is almost entirely stock-based rather than salary or cash bonuses, receiving shares only if Tesla achieves a series of ambitious long-term performance targets tied […]
SpaceX IPO running at two times oversubscribed, sources say
SpaceX has drawn investor demand that is about double the $75 billion it is seeking to raise next week in its IPO, or $150 billion, said two people familiar with the matter on Friday.
Congress didn’t kill Trump’s $1.8 billion ‘anti-weaponization’ fund. So where does it stand?
Senate Republicans rejected multiple attempts to kill President Donald Trump’s nearly $1.8 billion “anti-weaponization” fund amid bipartisan concerns and a temporary court ruling against it.
Schumer rips Senate Republicans for passing billions in ICE and Border Patrol funding in late-night vote
Senate Minority Leader Chuck Schumer, D-N.Y., slammed Senate Republicans for passing a measure providing billions in ICE and CBP funding.
Morning Preview: A Jobs Report Surprise, Immigration Showdown and Rising Heat Risks
Today, economists and consumers are reacting to a better-than-expected job report and regulators are rethinking how schools spend billions on internet access and classroom technology. At the same time, the first major heat waves of the season are putting pressure on public health systems as summer ...
The Latest: Senate passes $70B immigration enforcement bill
The Senate has passed legislation to fund President Donald Trump’s immigration enforcement agencies after weeks of delays and fierce backlash to an unrelated $1.776 billion settlement fund that threatened to derail the bill
Insight: Drone crashes and severed fingers at a $13 billion Silicon Valley military startup
A year ago, Ryan Tseng, the head of U.S. defense tech startup Shield AI, announced his company had turned a new page.
Senate passes $70 billion in new funds for ICE, Border Patrol
The Senate voted 52-47 to approve the legislation, with no support from Democrats.
Trump scores victory despite growing GOP divide after Senate passes $70B ICE, Border Patrol funding package
Senate Republicans advanced Trump's $70 billion immigration enforcement package after a marathon vote-a-rama marked by internal GOP divisions.