Wells Fargo is extending an investment-banking hiring campaign that executives say is translating into more corporate advisory work and a rapid rise in league-table standings. The effort gained momentum after regulators lifted a punitive cap on the bank’s assets in June 2025, a restriction imposed for about seven years after the lender’s fake-accounts scandal. In an interview, Fernando Rivas, chief…
Electronic Arts (EA) has agreed to be acquired in an all-cash transaction worth $52.5 billion, marking the largest leveraged buyout in the video game sector to date. Shareholder Terms and Investor Consortium The consortium leading the purchase includes Silver Lake Partners, Saudi Arabia’s sovereign wealth fund PIF, and Affinity Partners, run by Jared Kushner, the son-in-law of former U.S. President…
International aid organizations, long reliant on multilateral funding, are now facing intensified pressure. In recent months, several donor states have cut or withheld contributions to key United Nations agencies. As a result, non-governmental organizations (NGOs) and civil society groups are scrambling to adjust their strategies, diversify income streams, and forge new alliances as the traditional funding environment grows more hostile.…
Allegations and Settlement Framework Amazon has reached an agreement to pay $2.5 billion to resolve claims by the U.S. Federal Trade Commission that it employed deceptive techniques to enroll consumers into its Prime subscription service without clear consent. Under the settlement, $1 billion is earmarked as a civil penalty, the largest such penalty ever imposed by the FTC in a…
On December 4, 2024, Brian Thompson, the CEO of UnitedHealthcare, was shot and killed outside the New York Hilton Midtown hotel in Manhattan.Authorities say the killing was captured on surveillance footage and that the bullets’ casings bore the words “delay,” “deny,” and “depose”—phrases reminiscent of insurance-industry tactics.In early December, law enforcement arrested Luigi Nicholas Mangione, a 27-year-old man from Maryland,…
President Donald Trump recently sparked controversy by suggesting that Tylenol, one of the world’s most widely used painkillers, could be linked to autism in children. The comments were made during a campaign appearance, where he referenced the use of acetaminophen (also known as paracetamol) during pregnancy. Trump’s remarks mirrored earlier, unsubstantiated claims from Robert F. Kennedy Jr., who has long…
A state‐appointed community advisory committee has formally rejected a proposal to construct a massive Mohegan Sun casino and resort, known as Freedom Plaza, near the United Nations headquarters in Manhattan. The committee, consisting of six members appointed by both state and city leaders, cast a 4-2 vote against the project earlier this week. This decision effectively removes one of the…
