Former SoftBank Executive Paulo Passoni Joins Valor Capital
Paulo Passoni, a former SoftBank Group Corp. executive, joined venture capital firm Valor Capital Group LLC as a managing partner.
Bloomberg Business
New York Is Opening a Relief Center for 2,000 Migrants on Randall’s Island
New York City is opening a new relief center on Randall’s Island as it tackles a migrant crisis that’s overwhelming the city’s resources.
New York City Pensions Gain 8% in Fiscal Year, Beating Target
New York City’s five pensions rebounded in the last fiscal year, boosted by a rally in domestic and international stocks in the first half of 2023.
Blavatnik’s Streaming Company Is Close to Deal for Saudi Pro League TV Rights
Billionaire Len Blavatnik’s sports streaming company DAZN is close to acquiring the live broadcast rights for Saudi Pro League soccer in the UK, Germany and Austria, according to people with knowledge of the situation.
S&P Sees Long-Term Rating Risk to California as Home Insurers Retreat
With California’s population in decline, rising home insurance premiums threaten to intensify the exodus and further weaken state and local finances, S&P Global Ratings Inc. warns.
Tyson Foods to Shut More US Chicken Plants After Profit Drop
Tyson Foods Inc. will shut down four additional chicken facilities after fiscal third-quarter sales trailed even the lowest of analyst estimates. The company’s shares dropped the most since May.
Palantir’s 135% AI Surge Set for Earnings Showdown
Palantir Technologies Inc. faces a fresh test of whether it can justify the artificial intelligence hype when it reports earnings after markets close on Monday.
Goldman, JPMorgan Say Buy Treasuries After Last Week’s Selloff
For the $25 trillion Treasury market, it was a three-pronged attack. Bond supply jumped just as Fitch Ratings stripped the US of its AAA halo. Days earlier, the Bank of Japan stoked speculation that a new era of capital repatriation may be nigh.
WHO Warns About Tainted Indian-Made Cold Medicine That’s Sold in Iraq
The World Health Organization issued a global alert about a cold medicine made in India and sold in Iraq that was contaminated with toxic chemicals.
Amazon to Meet With FTC in Final Push to Avoid Antitrust Suit
Amazon.com Inc. will meet with Federal Trade Commission Chair Lina Khan and the agency’s three other commissioners next week in a final push to avoid an antitrust lawsuit, according to people familiar with the matter.
