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Jared Wolff Plots Banc of Cal's Next Chapter - Los Angeles Business Journal
Sitting at the helm of the $34 billion Banc of California, Jared Wolff is too busy to think about legacy. In seven years as the Brentwood-based regional
Hochul says second home tax is part of budget deal, but details still scarce
Mayor Mamdani is optimistic the final state budget will help close the city’s $5.4 billion budget gap.
A simple dietary change could lower your blood pressure risk by 30%, study suggests | BBC Science Focus Magazine
An estimated 1.4 billion adults worldwide have high blood pressure, putting them at risk of heart attacks and strokes.
Iowa lawmakers reach last-minute deal for $4 billion property tax cut
Republican lawmakers struck a deal to deliver what they said would be a $4 billion property tax cut over the next six years, after a weekend marathon.
Melco Resorts & Entertainment Limited (MLCO) Releases Q1 2026 Earnings: EPS Up, Revenue and Gross Profit Down
Melco Resorts & Entertainment Limited (MLCO) reported Q1 2026 results with notable swings across revenue, profitability and cash flow.Total revenues: $1.4 billion (down 44.55% year-over-year).Gross profit: $513.2 million (down 84.15% year-over-year).Operating profit: $179.0 million (up 23.54% year-over-year).Net income attributable to common shareholders: $76.8 million (up 136.17% year-over-year).Diluted earnings per share: $0.20 (up 150.0% year-
Finland’s Kone to buy German rival TK Elevator in blockbuster $34.4 billion deal
The combination would create the world’s largest elevator maker and marks one of Europe's biggest takeovers in recent years.
Penn Entertainment reports revenue of $1.4 billion for the first quarter of 2026
Penn Entertainment on Thursday morning reported revenues of $1.4 billion for the first quarter of 2026. Segment Adjusted EBITDAR was $471.4 million. “We are pleased to report another solid qua...
Brady Corporation to acquire Honeywell business for $1.4 billion
Brady Corporation has acquired Honeywell’s Productivity Solutions and Services Business (PSS) in an all-cash transaction of $1.4 billion.
Honeywell Said Close to Selling Unit to Brady for $1.4 Billion
Honeywell International Inc. is nearing a deal to divest its productivity solutions and services business to industrial manufacturer Brady Corp., according to people familiar with the matter.
Chargé Arnold Speech - Implementation Plan of Five-Year Health MOU - U.S. Embassy in Madagascar
Chargée d’Affaires Stephanie Arnold's Speech Discussion on the implementation plan for the five-year health Memorandum of Understanding (…) Colleagues, and honored guests, Good morning, and welcome to the United States Embassy. It is a pleasure to host you today for the second day of this important workshop to discuss the implementation of our bilateral health Memorandum of Understanding on U.S. Government health activities in Madagascar, made possible through the Trump Administration’s America First Global Health Strategy. Today’s focus— discussing a shared vision and developing a preliminary draft for the health MOU Implementation Plan and the terms of reference for the two committees that will steer its implementation—is a decisive step in moving from commitments on paper to concrete action over the next five years. On December 22, 2025, the Governments of Madagascar and the United States signed a five-year bilateral health MOU, with a financial intention of approximately 554 billion Ariary from the United States and This jointly decided MOU intends to strengthen Madagascar’s health system, support lifesaving services, and improve disease prevention and response that matter to both our countries’ health security. For the United States, this means detecting and containing infectious disease outbreaks including malaria, polio, and emerging health threats before they can reach American shores through international travel and trade, protecting American families while reducing the need for costly domestic emergency responses Yesterday, technical experts from the Ministry of Public Health and the U.S. Government worked in thematic groups to draft a preliminary Implementation Plan. Today, your task is to review the shared vision and preliminary draft MOU implementation plan, and the proposed terms of reference for the Joint Steering Committee and the Operational Committee that will guide its implementation. These committees are not just administrative structures. They are the mechanisms that will ensure clear roles and responsibilities, regular dialogue between our two governments, consistent monitoring of progress, and real accountability for the results that will directly benefit the lives of Malagasy citizens. They will also track performance against the benchmarks we have jointly established, which will guide the continuation of U.S. support over the five-year period . Continued U.S. support will be contingent on meeting these performance benchmarks. This ensures accountability to both American and Malagasy taxpayers and guarantees that our partnership delivers measurable results. America First Foreign Assistance means that U.S. support must be strategic, results-driven, and accountable to our taxpayers. It also means we aim to support greater self-reliance and reduced long-term dependence on foreign assistance, with systems that are increasingly financed and led by Madagascar itself. This approach benefits both our nations: Madagascar gains sustainable health capacity, while the United States advances our health security interests and creates opportunities for American health innovations and companies to support Madagascar’s development. In that spirit, I want to recognize the presence of the Ministry’s leadership and the technical directors and program heads responsible for surveillance, basic health services, family health, immunization, countering malaria, laboratories, medicines, and health information systems. Your leadership and technical expertise are essential if this bilateral health MOU is to translate into real and lasting improvements for people in need across the country. Let me emphasize how important collaboration is to the United States in this effort. We can bring American resources, technical expertise, and tools. But this bilateral health MOU can only succeed if it reflects Madagascar’s priorities and if Malagasy institutions lead and maintain its implementation. We see this not as a U.S. project, but as a joint framework under Malagasy leadership, with U.S. support. That is why we are genuinely pleased to host this event here at the Embassy. Opening our doors to you today symbolizes our commitment to work side by side and to remain transparent about how we use U.S. resources in support of Madagascar’s health system. In closing, thank you for your time and your partnership. We are very happy to welcome you here and proud to accompany Madagascar in this next step of implementation planning for our bilateral health MOU. I wish you a productive and focused session. The work you do today will shape how our two governments cooperate on health in the years ahead; it will influence the quality and reliability of health services that Malagasy communities receive; and, most importantly, it will help protect both our nations from infectious disease threats while building Madagascar’s capacity for long-term health system sustainability. Thank you.
United States and Madagascar Discuss Five-Year Health MOU Implementation Plan - U.S. Embassy in Madagascar
United States and Madagascar Discuss Five-Year Health MOU Implementation Plan The United States and Madagascar’s Ministry of Public Health are in the process of developing a plan for implementing the U.S.-Madagascar five-year Memorandum of Understanding (MOU) on health cooperation, signed under the Trump Administration’s America First Global Health Strategy. The two-day workshop, at the U.S. Embassy in Antananarivo, brought together technical experts and senior leadership from the Malagasy and U.S. governments to discuss a shared vision through a preliminary draft MOU Implementation Plan and to establish the joint governance structures that will guide U.S. foreign assistance in health over the next five years. The jointly decided bilateral health MOU, signed on December 22, 2025, builds on decades of U.S. global health assistance to Madagascar. The health MOU involves the U.S.’s plans, working with Congress, to provide approximately $134 million (over 554 billion Ariary) and a Malagasy commitment of $41 million (over 169 billion Ariary). It aims to strengthen Madagascar’s health system, improve disease prevention and response, and support services that address health security concerns for both countries, including malaria, maternal and child health, polio, and global health security issues that could reach U.S. shores if not contained at their source. During the recent workshop, technical staff from the Ministry of Public Health and the U.S. Government health team worked in thematic groups to draft detailed implementation plans for the five-year MOU period. On the second day, U.S. Chargé d’Affaires Stephanie Arnold and Ministry of Public Health and Economic and Finance Ministry leadership joined the technical teams to discuss plans and proposed terms of reference for two committees: a Joint Steering Committee and an Operational Committee. These structures will ensure clear roles and responsibilities, regular dialogue between the two governments, consistent monitoring of progress, and accountability for results. The framework includes performance benchmarks that will guide continued U.S. support and track Madagascar’s progress toward self-reliance. “We see this not as a U.S. project, but as a joint framework under Malagasy leadership, with U.S. support,” said U.S. Chargé d’Affaires Stephanie Arnold during the workshop’s opening session. The approach reflects U.S. foreign assistance principles that emphasize strategic, results-driven support that advances American interests while helping recipient countries build sustainable health systems. The framework is designed to build systems that Madagascar will increasingly finance and lead itself, reducing long-term dependence on foreign assistance.
Business Travel Market Expected to Reach USD 2,095.4 billion by 2031, at a CAGR of 9.5%: Allied Market Research
Allied Market Research published a report, titled, "business travel Market by INDUSTRY (Government, Corporate), by SERVICE (Transportation, Food and Lodging, Recreation), by TRAVELER (Group, Solo): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report the global business travel market, valued at USD 689.7 billion in 2021, is projected to reach USD 2,095.4 billion by 2031, expanding at a CAGR of 9.5% over the forecast period — more than tripling in size within a d
Trump Attacks Pope Leo as Too Liberal and ‘Weak on Crime’
President Trump’s lengthy post on social media showed there were really no boundaries when it comes to people he might target, including the leader of the world’s 1.4 billion Catholics.
MOONBUG ENTERTAINMENT DEBUTS EMMIE'S WONDER WARDROBE, A SPARKLING NEW SPIN-OFF OF LITTLE ANGEL, TODAY ON YOUTUBE
Moonbug Entertainment, a global leader in children's entertainment like CoComelon and Blippi, today debuted Emmie's Wonder Wardrobe on YouTube. The animated preschool series is a spin-off of Little Angel, one of the most-watched preschool brands in the world, with over 150 million YouTube subscribers and 1.4 billion monthly views across 25 languages on YouTube. The new series is packed with original music and playful stories that celebrate the creativity and self-expression of kids today.
A first for Michigan's $2.4B SOAR business incentive program: New jobs
Michigan's $2.4 billion business incentive program has created 1,846 jobs among 10 companies, despite controversy.
Billionaire Bill Ackman Thinks This Entertainment Giant Is "Dramatically Underperforming." Here's His $64 Billion Plan to Fix It This Year
This is the latest move by the hedge fund manager to be the modern-day Warren Buffett.
White House Looking to Cut $3.4 Billion From NASA Science
The 2027 budget proposes to end major scientific initiatives in favor of crewed missions to the Moon and Mars.
Bill Ackman’s Fund Offers to Buy Universal Music in $64 Billion Deal
The complex transaction pitched by the billionaire hedge fund manager would need to pass muster with the music label’s shareholders.
Walgreens’ private equity owner plans to double pharmacy chain’s profits
Sycamore Partners, a New York-based buyout firm, wants to grow the retailer’s earnings before interest, taxes, depreciation, and amortization to $4 billion.
Allbirds, Once Silicon Valley’s Favorite Shoe, Sells for $39 Million
Despite once being valued at $4 billion, the company that made sneakers from Merino wool struggled to capture a wide customer base and turn a profit.
Coatue Projected $1.995 Trillion Valuation for Anthropic in 2030
In a presentation to prospective investors in January, Coatue offered a rare look at how it justifies Anthropic’s heady valuations. An anonymous source sent me the slides, which give a unique look at how a top investment firm values Anthropic’s business. This is a moment in time when some of America’s most valuable, growing technology companies remain private. In the January presentation, Coatue estimated that Anthropic would lose $14 billion in EBITDA on $18 billion in revenue in 2026, ending the year with $30 billion in annualized run-rate revenue. Most recently, it’s been reported that Anthropic is at $19 billion in ARR, which could suggest Anthropic is already running ahead of Coatue’s expectations. By 2031, Coatue projected that Anthropic would be generating $48 billion in EBITDA profits on $200 billion in revenue, with $224 billion of ARR. That would give Anthropic a 41x forward EBITDA multiple at a projected $1.995 trillion valuation in 2030. Coatue told the investors it was pitching that Anthropic could be worth $2.413 trillion in 2031. In February, Coatue co-led a $30 billion Series G investment in Anthropic that valued it at $380 billion. Coatue declined to comment on this story. I first shared this slide and talked about the presentation on my new podcast, the Cerebral Valley Show, which I host with my CVAI co-hosts Max Child and James Wilsterman. I’ve got a few other slides from the Coatue presentation for Newcomer subscribers.
Hair care brand Olaplex to be acquired by Germany's Henkel for $1.4 billion
Hair care brand Olaplex Holdings on Thursday said it entered into a definitive agreement to be acquired by Germany consumer goods maker Henkel for $1.4 billion.
The 'Nail Test': Why This $54 Billion Innovation Is Terrifying Western Auto Executives
BYD says it's fixed yet another major problem with EVs.
Volvo Construction Equipment announces closure of Rokbak business
As part of a long term strategic shift and due to the unsustainable profitability of the Rokbak business Volvo Construction Equipment (Volvo CE) will close its Rokbak business and concentrate resources on its portfolio of other hauling solutions. The business had revenues of SEK 1.0 bn in 2025 and was loss-making. The closure of the business will negatively impact operating income by about SEK 0.7 billion in the Construction Equipment segment in Q1 2026 and will be reported as an adjustment. About SEK 0.4 billion refers to non-cash items with the majority related to goodwill impairment.
How Foreign-Trained Health Workers Saved the NHS £14 Billion
This blog is part of a series focused on the UK’s recruitment of foreign-trained health workers. This first blog details the amount of money the UK’s National Health Service (NHS) has saved by recruiting foreign-trained health workers. The second blog examines whether this saving is offset by foreign aid contributions to health systems strengthening (HSS) and human resources for health (HRH) in countries of origin.
10 projects from Newsom’s mental health bond were supposed to open in 2025. That didn’t happen
CalMatters reports that California’s $6.4 billion mental health bond has not opened any of its first projects, even as Gov. Gavin Newsom says it is beating its goals. The state has missed its target...
Kalshi Still Needs Sports, Even as Courts Close In
Monthly trading volume on Kalshi hit $10.4 billion in February, a record for the company, and the firm is set to outperform that number this month.
Advent Said to Explore $4 Billion Sale of Naval Defense Business
Advent is exploring a sale of its Ultra Maritime business for more than £3 billion, as demand surges for naval defense companies amid conflicts from Iran to Ukraine, according to people familiar with the matter.
KKR's $1.4 billion sports bet started with a decade-old relationship
The story of KKR's acquisition of Arctos Partners began years before the firm was founded, when one founder impressed KKR as a deal counterparty.
KKR's $1.4 billion sports bet started with a decade-old relationship
The story of KKR's acquisition of Arctos Partners began years before the firm was founded, when one founder impressed KKR as a deal counterparty.
Lonza hands off capsule business to investment firm Lone Star in $3B deal
Lonza is at long last shedding its capsules and health ingredients (CHI) business in a private equity sale that could see proceeds of 3 billion Swiss francs ($4 billion) or more. | Under the deal with Lone Star Funds, Lonza maintains a 40% stake in its capsules and health ingredients business while receiving 1.7 billion Swiss francs ($2.2 billion) upfront.
VW receives preliminary bids for diesel engine unit Everllence at around $9.4 billion, sources say
Volkswagen VOWG_p.DE has received bids valuing its diesel engine division Everllence at around 8 billion euros ($9.44 billion) including debt, according to three people familiar with the discussions, above what some analysts had estimated.
Healthcare Business Intelligence Market to Reach USD 20.04 Billion by 2035, Fueled by Value-Based Care Adoption and AI-Powered Analytics Innovation
Rising Demand for Predictive Analytics, Cloud-Based BI Platforms, and Regulatory Quality Reporting Requirements Accelerate Market Expansion Globally.Austin, United States, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Healthcare Business Intelligence Market Size & Growth Analysis: “According to SNS Insider, The Healthcare Business Intelligence Market size is estimated at USD 8.32 billion in 2025 and is expected to reach USD 20.04 billion by 2035, growing at a CAGR of 9.19% over 2026-2035.” The growth of the
AMC Entertainment Holdings (AMC) Posts Q4 Loss That Challenges Bullish Margin Narratives
AMC Entertainment Holdings (AMC) just posted its FY 2025 numbers with Q4 revenue of US$1,288.3 million, a basic EPS loss of US$0.25, and net income excluding extra items showing a loss of US$127.4 million, while trailing 12 month figures sit at US$4.8 billion of revenue, a basic EPS loss of US$1.34, and a net loss of US$632.4 million. Over recent quarters, the company has seen quarterly revenue move from US$862.5 million in Q1 2025 to between roughly US$1.3 billion and US$1.4 billion through...
The $134-billion question: Who will get a tariff refund?
The battle is just starting for the 300,000 businesses that want $134 billion in tariffs refunded.
Blue Owl unable to arrange financing for a $4 billion data center
Blue Owl tried to line up debt for a Pennsylvania data center tied to CoreWeave, but lenders passed, underscoring growing caution around AI-linked credit.
HOUSTON TEXANS ANNOUNCE GLOBAL HEADQUARTERS IN LANDMARK PUBLIC-PRIVATE PARTNERSHIP WITH HARRIS COUNTY AND HOWARD HUGHES COMMUNITIES™
83-acre sports and entertainment district projected to generate $34 billion in economic impact, create 17,000 jobs, expand county services and infrastructure, and anchor long-term growth in Northwest Harris County
HOUSTON TEXANS ANNOUNCE GLOBAL HEADQUARTERS IN LANDMARK PUBLIC-PRIVATE PARTNERSHIP WITH HARRIS COUNTY AND HOWARD HUGHES COMMUNITIES™
83-acre sports and entertainment district projected to generate $34 billion in economic impact, create 17,000 jobs, expand county services and infrastructure, and anchor long-term growth in Northwest Harris County
This Startup’s Clever Way To Cut Health Costs Helped It Hit A $1.4 Billion Valuation
Garner Health uses data to identify the country’s best doctors based on quality and cost, then gives its customers’ employees financial incentives to go to them — which can save 12% on healthcare costs.
BP reports fourth-quarter 2025 profits in line with expectations
BP posted a fourth-quarter underlying replacement cost profit, or adjusted net income, of $1.54 billion on Tuesday, compared with expectations of $1.55 billion in a company-provided poll of analysts and $1.17 billion a year ago.
KKR to Buy Arctos in $1.4 Billion Deal That Stretches Beyond Sports
KKR has agreed to buy Arctos Partners in a deal worth $1.4 billion in cash and stock. Arctos will stand up a new KKR Strategies unit with sports, more
Orsted sells European onshore business to CIP for $1.7 billion
Danish wind farm operator Orsted said on Tuesday it has agreed to sell its European onshore business to Copenhagen Infrastructure Partners (CIP) for 1.44 billion euros ($1.70 billion).
Disney's first quarter is powered by box-office hits 'Zootopia 2' and 'Avatar: Fire and Ash'
Disney is posting strong first quarter numbers, powered by box-office hits “Zootopia 2” and “Avatar: Fire and Ash.”The Walt Disney Co. earned $2.4 billion, or $1.34 per share, for the three...
Business Travel Global Strategic Business Report 2026: Market to Reach $928.4 Billion by 2030 as Bleisure Emerges as a Major Trend Shaping Market Dynamcs
The business travel market is poised for growth driven by digital innovation, economic globalization, and evolving corporate cultures. There's a surge in digital tools enhancing efficiency, diversification into personalized experiences, and sustainability-driven strategies. Regional growth variances present notable opportunities. Business Travel Market Business Travel Market Dublin, Jan. 28, 2026 (GLOBE NEWSWIRE) -- The "Business Travel - Global Strategic Business Report" report has been added t
Exclusive | Bansk Wraps Up $1.4 Billion Fund for Consumer-Health Business Arcadia
Coller Capital and Ares are among the investors that committed to the firm’s first continuation vehicle.
Exclusive | Bansk Wraps Up $1.4 Billion Fund for Consumer-Health Business Arcadia
Coller Capital and Ares are among the investors that committed to the firm’s first continuation vehicle.
H.I.G. Realty and Barts Health NHS Trust Partner to Launch the First Barts Life Sciences Project
H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $74 billion of capital under management, is pleased to announce a strategic partnership with the Barts Health NHS Trust to deliver the first applied healthcare innovation building within the newly launched Barts Life Sciences Cluster at Cavell Street in London, Whitechapel.
Musk wants up to $134 billion in OpenAI legal battle
Elon Musk wants OpenAI and Microsoft to pay him damages in the range of $79 billion to $134 billion over his claims that he was defrauded.
Trump Family Businesses Rake in $4 Billion After His Reelection with Focus on AI, Crypto & Nuclear
Ventures launched by the Trump family since Donald Trump’s reelection have generated at least $4 billion in proceeds and paper wealth for the Trump family. With investments across sectors like real estate, hospitality, media, cryptocurrency and more, the Trumps are “increasingly integrating their business empire” into the wider U.S. economy, says David Uberti, who has been reporting on the family’s self-enrichment for The Wall Street Journal. The coupling of Trump’s economic and political influence is raising major questions about conflicts of interest. “You have all of these different business interests in different areas in which the government regulates,” and this “proximity to power may help along some of these deals and the valuations at which they’re made.” We look at the Trumps’ cryptocurrency venture World Liberty Financial and the Trump Organization’s planned $6 billion merger with a firm hoping to build a nuclear fusion plant to power AI data centers with Uberti, who says such “very speculative, highly risky corners of financial markets” are key to the family’s investment strategy.
Impossibly Hot Object Discovered 1.4 Billion Years After The Big Bang
Defying all expectations.
Tata Steel Says NGO Seeks $1.6 Billion for Alleged Health Damage
A Dutch nonprofit is seeking €1.4 billion ($1.6 billion) in compensation from Tata Steel’s Netherlands units, alleging that harmful emissions from its operations have caused environmental harm and health damage to nearby residents.
Georgia health officials map out $1.4 billion plan for new federal rural health funds
State officials have introduced a $1.4 billion plan to improve rural health outcomes over the next five years under the federal Rural Health Transformation Program created as part of this summer’s budget reconciliation bill. In a 96-page application, officials from the state’s Department of Community Health requested funds to improve access to primary and specialty […]
The World’s 50 Most Valuable Sports Teams 2025
See Forbes' 2025 list of the world's most valuable sports teams, which features franchises from six different leagues and ranges from $5.4 billion to $13 billion.
French Health Tech Unicorn Plans Secondary Investment Of Hundreds Of Millions
Doctolib, once France’s most valuable startup, was worth $6.4 billion at its previous funding round in 2022.
Early Earth's belly held onto its water
When the early Earth’s magma ocean crystallized 4.4 billion years ago, the deep mantle trapped an ocean’s worth of water, scientists say.
Pay cuts, poaching, and pivoting: Inside Scale AI after Meta
Five months after Meta's $14 billion deal, Scale AI has lost some of its gleam, with workers sniping about pay, and rivals coming for its clientele.
Magnum Ice Cream valued at $9.1 billion in Amsterdam listing
Shares in the Magnum Ice Cream Company traded at 12.8 euros per share on Monday, implying a market capitalisation of 7.84 billion euros ($9.14 billion), as the company finalised its long-awaited spinoff from Unilever to list in Amsterdam.
CVS Health generates over $474 Billion in 2024 U.S. economic impact, supporting communities throughout the United States
New report highlights the company’s role as a top U.S. employer, investing in improving health and supporting local communities