Why it matters: Menendez comfortably won re-election as a Democrat in 2018, so his decision to run as an independent could prove a headache for the Democratic Party in what's typically been a safe Senate seat.
MrBeast became the most-subscribed creator account on YouTube over the weekend, taking the title from T-Series, a Bollywood music label.
Why it matters: With more than 270 million followers as of Monday morning, MrBeast — born Jimmy Donaldson — has laid down a blueprint for internet video success, and just maybe for building a sprawling lifestyle brand portfolio.
A New York Stock Exchange technical error triggered trading halts in shares of Chipotle, Berkshire and others Monday morning.
The big picture: The glitch comes a week after U.S. stock exchanges switched to one-day settlement. However, the FT cited a person familiar with the matter as saying Monday's issue was not connected to that change.
The Wall Street Journal introduced a new, multimillion-dollar brand advertising campaign on Monday.
The big picture: The campaign is in conjunction with editor-in-chief Emma Tucker's mission to reorient the Journal's newsroom around what she says is a "reader-first strategy," focused on areas where the media outlet can be most distinctive and reach younger audiences.
When Trillium offered to buy Getty Images for $4 billion in April 2023, the Boston-based investment firm wouldn't disclose how it planned to finance the deal or how much money it managed.
That's because Trillium didn't plan to actually buy Getty, and its brokerage account had a balance of just $17.32.
The latest: The SEC and DOJ on Friday both charged Trillium and its CEO Scott Murray with securities fraud, essentially claiming that the Getty episode was a pump-and-dump scheme.
Pershing Square Capital Management, the investment firm led by Bill Ackman, on Monday announced that it's sold a 10% equity stake for $1.05 billion to an investor consortium.
Why it matters: This is a precursor, albeit not a prerequisite, for Ackman seeking to take his firm public in the next couple of years.
The Colorado-based owner of Formula 1 racing is facing calls for a federal antitrust investigation and lingering questions about a sexting scandal that is threatening its global brand.
Threat level: Liberty Media CEO Greg Maffei, a prominent Colorado business leader and political player, is under pressure after rejecting a bid by General Motors and the Andretti racing family to become the 11th team in F1 racing.
There's a great divide in the U.S., and it's not partisan. It's the big gap between how people see their finances (pretty good) and their view of the overall economy (terrible), and it's persisted for years since the pandemic.
Why it matters: The schism certainly has political implications — it's hard to get re-elected if voters think the economy is a junkyard — and it points to troubling conclusions about Americans' awareness of economic reality.
A stretch of beach that's a no-go zone after a sixth house collapsed into the ocean on the Outer Banks of North Carolina in four years has put the issue of U.S. coastal erosion into focus.
Why it matters: "In general, most of the U.S. east and Gulf coasts are affected by coastal erosion," notes Tulane Department of River-Coastal Science and Engineering's Sönke Dangendorf, who led a 2023 study on how sea levels in these regions have been rapidly rising since 2010 — in some cases at rates "unprecedented in at least 120 years."
Washington Post executive editor Sally Buzbee has stepped down from her position, the news outlet announced Sunday.
Why it matters The first woman to lead the newsroom in the Post's 144-year history is leaving as the news outlet prepares for a shakeup of newsroom operations.
