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Sports Business Daily: Executive Transactions
The Financial Times reported that Yormark will become CEO of newly formed Milan Sports & Entertainment, a holding company that will run the sports, venue and entertainment interests of Gerry Cardinale’s RedBird Capital Partners in the city.
LIV Golf appears officially dead as PE firm drops investment after star players defect
LIV Golf, even in its diminished post-Saudi opulence form, is in dire straits as of Wednesday evening. A new report by Sujeet Indap in the Financial Times indicates that BC Partners, the private equity firm that was prepared to provide LIV with a league-saving capital investment after Saudi Arabia’s private investment fund (PIF) ceased financing the…
CVS Health to split into two publicly traded companies by 2028, FT reports
Investing.com-- CVS Health Corp (NYSE:CVS) is planning to split its retail pharmacy business from its insurance operations, potentially unwinding one of the U.S. healthcare industry's largest vertical integration deals, the Financial Times reported on Tuesday, citing people familiar with the matter.
Report: CVS explores splitting pharmacy, insurance businesses
The Financial Times reported Tuesday that Woonsocket-based CVS is considering a plan to break up by separating its pharmacy chain from its insurance business.
CVS Jumps on Report It Plans to Break Up Health Conglomerate
CVS Health Corp. is discussing plans to spin off its retail pharmacy business, according to the Financial Times, a shocking retreat for the country’s largest drugstore chain.
MBA Research Ranking: The Most Influential Business Schools
The Financial Times assesses MBA programs in academic research when it comes to reaching and influencing policy makers and practitioners.
OpenAI's annualized revenue $20 billion less than previously signaled, FT reports
OpenAI's annualized revenue is about $20 billion less than has been previously signaled, the Financial Times reported on Thursday, citing financial documents shared with investors.
After topping $10B in revenue, Kirkland & Ellis will stop disclosing results
The Chicago-based legal giant will no longer provide financial figures to industry publications after reporting its 2026 results, the Financial Times reports.
AkzoNobel to sell unit to Nippon Paint for over $1 billion, FT reports
Dulux paint maker AkzoNobel is nearing a deal to sell its Southeast Asian decorative paints business to Nippon Paint for well over $1 billion, the Financial Times reported on Sunday, citing people familiar with the matter.
The Beclowning of Scott Bessent
One iron law of current politics is that nobody who associates themselves with Donald Trump emerges with a shred of credibility. For some, that’s not a big loss — it’s not as if anyone respected Pete Hegseth even before he decided that the key to military success in an age of drones and AI was more testosterone. For others, however, the costs are real. I’m old enough to remember when Marco Rubio was widely considered a reasonable, thoughtful politician. Right now, however, my candidate for the biggest loser is Scott Bessent, the Secretary of the Treasury. Bessent started out with significant reputation to lose: When Trump selected him, this was the headline in the Financial Times: Jason Furman, Barack Obama’s chief economist, described him as a “credible Treasury secretary who has a real understanding of the global economy”. But Bessent has now transformed himself into the Baghdad Bob of bonds. Three weeks ago, after intervening (for reasons that remain somewhat unclear) to support the Japanese yen, Bessent boasted about his ability to move markets and dared investors to bet against his, declaring “I am the house now.” He then tried to push long-term interest rates down, buying 30-year U.S. Treasuries in a move some have compared to paying down part of your mortgage by running up your credit card balance. Here’s how that’s going so far: To get some perspective on how high interest rates have gone, here’s a longer-term perspective: We haven’t seen interest rates this high since the fading days of the dotcom bubble. Why are interest rates hitting new records? The backdrop, as I argued in last Sunday’s primer, is the huge AI-driven investment boom; more on that next week. But the immediate cause of the latest interest rate spike was Trump’s rejection of an Iranian proposal to end the war. This rejection sent crude oil prices, which for a while had fallen considerably, shooting back up: It’s notable, by the way, that oil prices remain high even though a significant amount of oil is now being shuttled through the Strait of Hormuz by night, on smaller vessels. That’s an interesting story, which has a lot to do with the fact that oil from the Hormuz shuttle runs must be transferred to larger vessels before being shipped to markets in Europe and Asia; around 15 percent of the world’s large crude carriers are now parked off the coast of Oman, waiting to be tanked up. This is creating a shipping crunch: But that’s a topic for another day. For now, the point is that with oil still high and refined products, especially diesel, still close to record levels, inflation will remain elevated. And this in turn means that the Federal Reserve will keep short-term interest rates high, an expectation that is feeding into longer-term rates. Hence Bessent’s bond-market humiliation. The truth is that Bessent might not have been able to get interest rates down even in the best of circumstances. But he certainly won’t get anywhere as long as Trump keeps believing that he can somehow convert his Iran debacle into a triumphant victory. And Trump will keep believing that as long as he is surrounded by sycophants who tell him what he wants to hear. Sycophants like, for example, Scott Bessent, who is predicting the imminent collapse of the Iranian economy, possibly within two weeks. Bessent is right to say that the embargo on Iranian oil exports is placing the country under great economic strain. But his implicit prediction that this will quickly produce a deal that Trump can call victory looks no more plausible than his boasts about the bond market. The big question now is, why would anyone with a reputation to lose work for Donald Trump? As the beclowning of Bessent shows, joining the Trump team won’t just damage your reputation; it will utterly destroy it.
Charlotte's Allspring on block for perhaps $4B, FT says
Allspring Global Investments, a Charlotte-based business that was formerly the asset management division of Wells Fargo, is considering a sale that could be as much as $4 billion, the Financial Times reported Friday. No decision has been made and talks are in early stages, according to the report, which cited people familiar with the transaction. […]
Michael Dell's DFO Management nears take-private deal for Baldwin Insurance Group, FT reports
Dell CEO Michael Dell's DFO Management is nearing a take-private deal for insurance brokerage firm The Baldwin Insurance Group , the Financial Times reported on Sunday.
GE HealthCare in talks over possible $1 billion deal for Sofie Biosciences, FT reports
GE HealthCare Technologies is in talks over a possible $1 billion deal to buy radiopharmaceutical developer Sofie Biosciences, the Financial Times reported on Sunday citing people familiar with the matter.
AI-generated videos are already displacing actors and livestreamers across China's entertainment industry
In China, 95 percent of the 128,000 short dramas released in Q1 2026 were AI-generated. Some actors are being forced to hand over their voice and likeness to AI tools before getting fired, the Financial Times reports. AI-related labor disputes are rising fast.
BP nears deal to sell solar business to Kuwait-backed consortium, FT reports
BP is in advanced talks to sell its solar business, Lightsource, to a consortium backed by Kuwait's sovereign wealth fund, the Financial Times reported on Friday, citing people familiar with the matter.
Spain's Santander overhauls Asia-Pacific business, FT reports
Spain's Santander has overhauled its Asia-Pacific business under new management, removed its top banker in Beijing, and tightened employee oversight in the region, the Financial Times reported on Wednesday, citing people familiar with the matter.
OpenAI proposes handing Trump administration 5% stake, FT reports
OpenAI has discussed giving a 5% stake to the U.S. government, the Financial Times reported on Thursday.
Ari Emanuel Is in Talks to Buy ATG Entertainment, FT Reports
Hollywood superagent Ari Emanuel is in advanced talks to buy the theater group ATG Entertainment Ltd. for £4.5 billion ($5.9 billion), the Financial Times reported.
Stephen A. Smith says he ‘inherited’ sports debate format
Stephen A. Smith has a ready answer for anyone who thinks he’s responsible for what sports television has become. In a new profile in the Financial Times, Smith was asked how he responds to critics who argue his format has been bad for the discourse in sports. “I didn’t create it. I inherited it,” he…
Uber weighs higher bid for Delivery Hero, FT reports
Uber’s board met on Saturday to discuss raising its offer for German food delivery group Delivery Hero after a major shareholder rebuffed an Uber bid that would value Delivery Hero over 11.5 billion euros ($13.39 billion), the Financial Times reported on Sunday.
HOK’s John Rhodes Talks Sports Venue Brand Engagement with the Financial Times
The Financial Times featured HOK’s John Rhodes on brand engagement in stadiums and arenas—and what it means for venue design and the fan experience.
Report: iPhone Memory Costs Set to Quadruple by 2027
Memory could account for as much as 45 percent of an iPhone's component costs by 2027, up from around 10 percent today, according to a JPMorgan analysis cited by the Financial Times ($). Apple buys memory for roughly 250 million iPhones a year and has historically been one of the largest customers in the category. But Apple has reportedly now gone from a position where it could set terms to one where it now has to compete with rivals for supply.
Italy underwhelmed by Trump envoy's suggestion it should replace Iran at World Cup
President Donald Trump’s U.S. special envoy Paolo Zampolli told the Financial Times that he made the suggestion to the U.S. president and FIFA President Gianni Infantino.
The FT’s AI optimism rests on shaky science
Last weekend, the Financial Times published an article about the broader social impacts of AI. Studying, managing, and mitigating the negative impacts of the technological transition is supremely important, and doing so requires both the electorate and policymakers to be informed by good, impartial science. Unfortunately, for anyone with even basic training in social science [...]Read More...
Activate Named #1 Fastest-Growing Leisure & Entertainment Company in the Americas and Canada's Fastest-Growing Company
/PRNewswire/ -- The Financial Times ranked Activate as the #1 fastest-growing Leisure and Entertainment company in the Americas for the second consecutive...
Trump says his 'preference' would be to 'take the oil in Iran'
Trump told the Financial Times that while his "favorite thing" is to take the oil, some "stupid people" would ask, "Why are you doing that?"
Unilever, Kraft Heinz held talks to merge food business and condiments division, FT reports
Unilever and Kraft Heinz held talks to merge Unilever's food business and Kraft Heinz's condiments division, the Financial Times reported on Wednesday, citing people familiar with the talks.
Rice Business’ online MBA ranked among world’s top programs by Financial Times
Rice’s Jesse H. Jones Graduate School of Business has been ranked among the world’s leading online MBA programs in the Financial Times Global Online MBA Rankings, placing No. 13 globally (tied with the Kelley School of Business at Indiana University) and No. 6 in the United States.
KKR eyes multibillion-dollar sale of data center cooling company, FT reports
U.S. private equity firm KKR is working with advisers on a sale of data center company CoolIT Systems for a price tag potentially exceeding $3 billion, the Financial Times reported on Sunday, citing people familiar with the matter.
Caesars Entertainment considering takeover offers; Tilman Fertitta could bid: report
The Financial Times reported Thursday that Caesars Entertainment is weighing takeover offers, and cited a potential bid from Texas billionaire Tilman Fertitta, who currently is serving as U.S. ambassador to... Read more »
Caesars considering takeover offers, according to report
The Financial Times is reporting that Caesars Entertainment, which merged with Eldorado Resorts in 2020, is considering takeover offers.
Rice Business ranks No. 1 in Texas, No. 16 in US in Financial Times business school rankings
The Jesse H. Jones Graduate School of Business at Rice University has been recognized among top graduate programs in the Financial Times global business school rankings released today, placing No. 1 in Texas, No. 16 in the United States and No. 38 globally.
How the Epstein files are upending U.K. politics : Consider This from NPR
The latest disclosure from the U.S. Department of Justice’s investigation of Jeffrey Epstein is threatening the U.K. ruling government.New documents have led Peter Mandelson, a former ambassador to the U.S., to resign from Britain’s House of Lords and from the Labour Party.The fallout has already claimed two key staff members close to Prime Minister Keir Starmer, and some in his own party are calling for him to step down too.Edward Luce, chief U.S. commentator for the Financial Times, helps explain the scandal – and why the reaction in the U.K. differs from the U.S.For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org. Email us at considerthis@npr.org.This episode was produced by Jordan-Marie Smith and Connor Donevan, with audio engineering by Hannah Gluvna. It was edited by Patrick Jarenwattananon and Michael Levitt. Our executive producer is Sami Yenigun.
Apple's Google Gemini Deal Could Be Worth $5 Billion
Apple's newly announced partnership with Google to use Gemini models for Siri and Apple Intelligence could be worth as much as $5 billion, according to one analyst's estimate. The deal is structured as a cloud computing contract that will see Apple pay "several billion dollars to Google over time," according to the Financial Times (paywalled), citing a person familiar with the agreement. Gene Munster at Deepwater Asset Management puts the value at $5 billion for Google.
Report: Apple Vision Pro Is Still Failing to Catch On
Apple's Vision Pro headset is still failing to see appeal among consumers, according to a new report from the Financial Times. Data from IDC claims that Apple shipped 390,000 Vision Pro units in 2024. IDC expected Apple to ship just 45,000 new Vision Pro units in the latest quarter of 2025. The Financial Times stressed that this compares to millions of iPhones, iPads and MacBooks sold each quarter.
UK Wants All iPhones to Block Explicit Images Unless You Prove Age
Apple and Google will soon be "encouraged" to build nudity-detection algorithms into their software by default, as part of the UK government's strategy to tackle violence against women and girls, reports the Financial Times. According to the report, Home Office officials want device operating systems to prevent any nudity from being displayed unless users can verify that they're adults through biometric checks or official ID.