Soros’ Foundations to Cut 40% of Staff After Handover to Son
Open Society Foundations, the nonprofit founded by billionaire George Soros, plans to cut at least 40% of its staff in the coming months.
Bloomberg Business
Spotify Is in Talks to Test Full-Length Music Videos in App
Spotify Technology SA is considering adding full-length music videos to its app, which could help the streaming service better compete with Alphabet Inc.’s YouTube and ByteDance Ltd.’s TikTok.
US Spies Issue Warnings Over Risks of Doing Business in China
US intelligence officials renewed warnings for American companies doing business in China, citing an update to a counterespionage law that’s due to take effect in the next day.
CDC Director Walensky Leaves Deep Divides, Weary Staff for Successor to Heal
“Hard things are hard” reads a plaque that Rochelle Walensky will take with her Friday when she steps away from the Centers for Disease Control and Prevention director’s desk for the last time.
Argentina Paid IMF as Negotiations to Continue in Washington
Argentina’s government made two payments owed to the International Monetary Fund before a Friday deadline as discussions for a new staff-level agreement will continue next week in Washington.
US Regulator Considers Limiting Big Banks’ Borrowing From Backstop Lender
US officials are considering limits on the ability of large lenders to use Federal Home Loan Banks as a financial backstop, part of a broader proposal to overhaul the system.
Wagner Chief Winds Down His Media Business, Izvestia Reports
Wagner mercenary group founder Yevgeny Prigozhin, who staged an unsuccessful mutiny to replace Russia’s military leadership, is winding down his Russian media operations, Izvestia newspaper reported, citing an unidentified source.
Drinking Beer in Connecticut Is About to Get a Lot Cheaper
Happy Friday, at least in Connecticut.
Byju’s, Lenders Renew Talks in Bid to Restructure Indian Startup’s Debt Load
Byju’s and some of its lenders have restarted negotiations in a bid to restructure its $1.2 billion term loan after the Indian education-technology firm breached certain terms of its debt agreement, according to people familiar with the situation.
Venezuela’s $2 Billion Gold Case in UK Sent Back to Lower Court
President Nicolas Maduro’s quest to gain control of roughly $2 billion in Venezuelan gold held in the UK suffered a setback Friday when the English Court of Appeal dismissed his administration’s appeal and sent it back to the Commercial Court.
