Shari Redstone, the media mogul who last week struck a deal to sell Paramount Global, will for the first time tonight see her name listed on a Broadway playbill as a producer, she told Axios.
State of play: Redstone has been quietly co-producing a new psychological thriller, Job, for the past few months. She hopes to work on more shows following the sale of Paramount.
Signs of the "Trump trade" were woven into markets today, even as comments from the Fed chair sparked increasing hope of near-term rate cuts.
Why it matters: In the eyes of global investors, the attempted assassination of former President Trump has only strengthened the prospects of his return for a second term.
Between the lines: Long-term treasury yields rose, led by the 30-year note — a reaction associated with expectations that Trump would preserve or expand tax cuts and focus on high-growth policies.
Shares of Trump Media & Technology Group gained 31% on the day to $40.58.
And while Fed chair Jerome Powell's positive comments on recent inflation data readings sent broad stock indexes up, certain stocks associated with the Trump trade outperformed today.
Google parent company Alphabet is in advanced talks to buy cloud security company Wiz for around $23 billion, according to the Wall Street Journal.
Why it matters: This would be Alphabet's largest-ever acquisition, and its first major cybersecurity purchase since buying Mandiant for $5.4 billion in 2022.
Boston native Michael O'Brien won the second season of Netflix's "The Mole," taking home the $154,000 prize pot after the season finale revealed Sean Patrick Bryan as the mole.
What he's saying: O'Brien told Axios that the most rewarding part of being on the show was representing the gay community.
In the eyes of global investors on Monday, the attempted assassination of former President Trump has only strengthened the prospects of his return for a second term.
Why it matters: Money managers and traders had already been putting the "Trump trade" in motion — bets on looser U.S. regulation, tax cuts and increased spending — following President Biden's poor debate performance.
Amazon Prime Day is expected to drive record online spending in the U.S. this week, according to a new report from Adobe Analytics published Monday morning.
Why it matters: Prime Day has become an industry-wide shopping phenomenon, and it will be even more crucial this year for retailers that are struggling to sell products that typically go on sale during this period.
The Society for Human Resource Management (SHRM) announced last week that it dropped the word "equity" from its diversity, equity and inclusion (DEI) strategy — thereby setting off a bomb in the relatively staid world of corporate HR.
Why it matters: The shift — critics are calling it a retreat — comes as some companies are backing away from the diversity strategies launched a few years ago in the wake of George Floyd's killing, amid a barrage of attacks on companies by conservatives and Republican lawmakers.
U.S. metro areas are on track to permit fewer new housing units than last year, according to Census Bureau data.
Why it matters: That's a problem for people facing steep housing prices. Experts estimate America is short over 3 million units of housing, either to rent or to buy.
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