Bob Iger is intensely focused on finding his successor before his contract ends in December 2026, with former Morgan Stanley CEO James Gorman leading the search committee amid ongoing challenges for Disney.
Firm Management
AstraZeneca Fails Lung Cancer Drug Trial, Dragging Its Shares to 5%
AstraZeneca’s shares fell over 5% following disappointing results from its TROPION-Lung01 Phase III trial, which showed its experimental lung cancer drug did not improve survival rates.
Boeing Reaches Deal With Union, Avoiding Potential Strike and Increasing Shares by 3%
Boeing's shares rose 3% in premarket trading after a tentative labor agreement with a Pacific Northwest union, which includes a 25% wage increase and a commitment to build future aircraft in Seattle, potentially averting a major strike.
Venture Capital Firm, Atomico, Raises $1.24B to Help European Startup Companies Grow—How Will They Benefit?
Atomico has raised $1.24 billion across two new funds to support both early-stage and growth-stage startups in Europe, causing renewed confidence in the region's tech sector.
Ford and Other Top Companies Pull Back From DEI Initiatives—Here's Why It's Bad for Business
Anti-DEI activism pushes major companies like Ford and Molson Coors to scale back their diversity efforts, risking brand reputation and investor confidence.
Latest News
Ryanair CEO Michael O'Leary proposes a two-drink limit for passengers at airports to combat increasing in-flight disorder and violent incidents.
Following CEO Pavel Durov's detention in France over accusations of inadequate moderation, reports from BBC showed that Telegram has refused to join key child protection programs.
Brave has laid off 27 employees, reducing its workforce by 14%, amid ongoing concerns about the financial impact of its recent AI ventures.
Eli Lilly is launching a lower-priced version of its weight loss drug Zepbound to increase access and combat counterfeit versions.
Telegram CEO Pavel Durov was arrested in France for allegedly failing to moderate criminal activity on his platform.
Nestlé has ousted Mark Schneider as CEO and replaced him with Laurent Freixe amid recent financial struggles and a drop in stock price. At the same time, analysts express optimism about the leadership change.
Brian Niccol, Starbucks' new CEO, faces criticism for his planned 1,000-mile commute from California to Seattle via corporate jet and his $1.6 million base pay with up to $7 million bonus.
A Greek oil tanker, the Sounion, was set on fire and left drifting in the Red Sea after an attack by gunfire from small boats off Yemen, raising environmental and insurance concerns.
Donald Trump's Florida golf resorts are now the primary source of revenue for his business empire, bringing in around $80 million annually.
