Bill Ackman, CEO of Pershing Square Capital Management, announced at the Delivering Alpha conference that Universal Music Group will move its primary stock exchange listing to the United States from the Netherlands due to recent antisemitic attacks in Amsterdam. Ackman, who is the largest shareholder in UMG, plans to relist his own publicly traded company…
Cynthia Erivo and Ariana Grande are starring as Elphaba and Glinda in Universal’s upcoming release of “Wicked.” The film is generating excitement with a wide range of merchandise offerings from various retail partners, including apparel, accessories, toys, and even themed cars. Fans of the Broadway show, which has a massive following, are eager to get…
Major League Baseball and the Atlanta Braves have raised concerns about the reorganization plan and future viability of Diamond Sports Group, the largest owner of regional sports networks in the country. They believe that the current plan may not be sustainable and could lead to financial distress or bankruptcy in the future. MLB and the…
Toyota Motor Corp. is raising concerns about California’s upcoming electric vehicle mandates, saying that meeting the requirements for zero-emission vehicles is currently impossible. The regulations call for 35% of 2026 model-year vehicles to be ZEVs, but demand for such vehicles is low, limiting customer choice. Only a few states have seen significant EV adoption, and…
Warner Bros. Discovery’s streaming platform Max saw significant growth in the third quarter, adding 7.2 million global subscribers and reaching a total of 110.5 million subscribers by the end of September. This growth has been a bright spot for the company as its traditional TV networks face challenges from cord cutting and a soft advertising…
Retailers and manufacturing companies are contacting logistics partners to “front load” shipments ahead of potential changes in tariff policy by President-elect Donald Trump. Trump has promised tariffs on imports, particularly from China. This has led to increased container demand and vessel bookings, affecting freight rates and stock prices. Ocean shipping stocks initially dropped, but experts…
Treasury yields rose on Wednesday as Donald Trump was projected to win the U.S. presidential election over Vice President Kamala Harris. The 10-year Treasury yield jumped to 4.42%, its highest level since July, as investors anticipated increased economic growth under a Trump presidency. The yield on the 2-year Treasury also increased, reaching its highest level…