Peltz’s Disney Bet Makes More Than $150 Million in Three Months
While Nelson Peltz has called his push for changes at Walt Disney Co. a victory for all shareholders, it’s so far certainly a win for the 80-year-old activist investor himself.
Bloomberg Business
SEC Chief Says Crypto Firms Often Mix Client Funds With Their Own
Crypto businesses don’t properly safeguard their customers’ assets and often mix them with their own funds, according to Securities and Exchange Commission Chair Gary Gensler.
Quake Aid Is Political Pawn as Powers Clash Over Syria Access
Aid deliveries to tens of thousands of Syrians caught up in this week’s earthquake are being hampered by wrangling between rival powers in the country’s more than decade-long war.
South Africa Denies Report on Russian Plan to Fire Hypersonic Missile During Drill
South Africa’s National Defence Force denied a report by Russia’s Tass news service that that country’s navy would launch a hypersonic Tsirkon missile during a joint naval exercise starting next week that also includes China.
Pence, Ex-National Security Advisor Subpoenaed by Trump Special Counsel
Former Vice President Mike Pence and former National Security Advisor Robert O’Brien have been subpoenaed in the special counsel investigations of Donald Trump and his allies.
Biden Tests 2024 Themes, and Himself at 80, in a Swing State
President sought to shore up Democrats’ union base in key battleground state
Israel Risks Hurting Economy If It Rushes Judicial Reform, Summers Says
Former US Treasury Secretary Lawrence Summers said Israel’s government risks damaging the nation’s economy if it rushes to overhaul its judicial system.
UK Rail Union Rejects Offer and Threatens More Strikes
The union behind frequent rail strikes across Britain since last summer has rejected another set of pay offers and threatened to stage more industrial action “for as long as it takes.”
Argentina Is Buckling Under Strain of $174 Billion Debt Mountain
Cut off from global credit markets, Argentina’s government is selling ever more local currency bonds, amassing a debt load that already totals 33 trillion pesos ($174 billion) and is rising almost exponentially.
Germany Weighs Cutting Power Subsidies for Industry Customers
Germany’s government is considering cutting electricity subsidies for energy-intensive industries in a move aimed to encourage off-peak power use and speed up the transition to a low-carbon economy.
