Former interim Washington Post CEO Patty Stonesifer, a longtime confidant of the Post's owner Jeff Bezos, is planning to throw a party for Sally Buzbee, the former executive editor who stepped down abruptly Sunday evening amid a broader shake-up, Axios has learned.
Why it matters: The gesture is notable after major internal backlash over Buzbee's resignation and drama surrounding new CEO Will Lewis.
Here's what's new on Netflix, Tubi, Peacock, Max, BET+, Prime Video and Paramount+.
What we're watching: The Netflix reality universe combines to crown another couple the "perfect match," a new documentary explores sexuality and gender in nature and a new reality show featuring OnlyFans stars premieres.
Free and discounted doughnuts are on the menu Friday for National Doughnut Day, or National Donut Day in some circles.
The big picture: June 7 is the made-up food holiday for one of America's favorite treats. It was established in Chicago in 1938 to honor the Salvation Army Donut Lassies who served the treats to soldiers during World War I.
LinkedIn has toppled X (formerly Twitter) as the most useful social media platform for public relations professionals, according to Muck Rack's latest State of PR report.
Why it matters: Twitter historically served as a key resource for both journalists and communication professionals, but the usability of the platform has been questioned since Elon Musk took over in 2022.
U.S. regulators are moving ahead with antitrust investigations into the roles that Microsoft, OpenAI, and Nvidia play in the artificial intelligence industry, per a source familiar with the matter.
Why it matters: The broad probe shows the intensifying scrutiny of AI and regulators' concern of the technology's concentration within some of the largest companies in the world.
The European Central Bank on Thursday lowered interest rates for the first time in nearly five years, taking the rare step of front-running the U.S. Federal Reserve.
Why it matters: Some of the world's most significant central banks are starting to dial back aggressive interest rate hikes put in place to choke global inflation — ending a global era of ultra-tight money.
Nvidia — the undisputed winner of the past year's AI stock boom — passed Apple to become the second-most valuable public company as of Wednesday's market close.
By the numbers: The chipmaker's market cap passed $3 trillion for the first time, putting the company a hair above Apple and behind only Microsoft.
MNC Capital Partners on Thursday increased its all-cash offer to acquire Vista Outdoor, ramping up pressure as the company proceeds with a separate deal that's nearing a shareholder vote.
Why it matters: MNC is trying to derail Vista's deal for its ammunition business with a Czech buyer that is currently under government review.
The legal fight over diversity efforts in the business world advanced this week, as an appeals court decision halted a venture capital firm's grant program for Black women entrepreneurs.
Why it matters: The case was filed by the same group that got the Supreme Court to overturn affirmative action in higher education last year, and with this decision corporate programs inched closer to a similar fate.
Koch Industries — one of America's largest and most influential privately held companies — is changing its name for the first time since 1968.
Why it matters: The conglomerate, owned mostly by American billionaire Charles Koch and his family, is dropping "Industries." That marks the evolution from the oil-refining operation that brought it to prominence.
The Port of Baltimore could fully reopen this weekend after local officials announced Wednesday salvage crews had removed the final large piece of the collapsed Francis Scott Key Bridge blocking the shipping channel.
