The premiere for the film

Disney meets low bar with new chair

Walt Disney has finally found its new board leader. The $260 billion media giant named https://thewaltdisneycompany.com/susan-arnold-named-chairman-of-the-board-of-the-walt-disney-company-effective-december-31 Susan Arnold on Wednesday as its next chairperson to succeed Bob Iger. She has stepped back from her private equity job, which is a step better than Twitter. But her long-time tenure that edges up to Disney’s own parameters suggests the Magic Kingdom could have planned succession better.

Temporary hospital for COVID-19 patients inside exhibition pavilion in...

CSL’s Swiss drug punt looks like a bad trip

CSL’s Swiss expedition risks derailing its winning streak. The $99 billion Australian flu-jab maker is in talks to buy Vifor Pharma for around $7 billion, according to Australian media. The target’s sickly share price makes the pounce timely, although the returns look paltry unless Chief Executive Paul Perreault can unearth lots of synergies. A looming patent expiry for one of Vifor’s key drugs adds to the unknowns.

FILE PHOTO: WTA Mandatory - Madrid Open

Women’s Tennis models real China ESG

The Women’s Tennis Association has smashed the ESG ball into corporate courts. It suspended lucrative tournaments in China after it was unable to contact local star Peng Shuai following her sexual assault claims against retired Vice Premier Zhang Gaoli. Given how Western companies generally exempt the country from espoused social values, the WTA’s bold stroke is sadly apt to be a mere spectator sport.

FILE PHOTO: Former President Donald Trump speaks in Sarasota

Exclusive-Trump's social media venture seeks $1 billion raise -sources

(Reuters) -Former President Donald Trump's new social media venture is seeking to raise up to $1 billion by selling shares to hedge funds and family offices at several times the valuation it commanded in a deal with a blank-check acquisition firm in October, two people familiar with the matter said.

A 3D printed Facebook's new rebrand logo Meta and Facebook logo are seen in...

UK’s Facebook slap-down raises bar for US watchdog

Britain is learning from past mistakes. Its competition watchdog on Tuesday ordered Facebook owner Meta Platforms to sell Giphy, a database of cartoonish clips for use in online banter and advertising. The 2020 deal was not immediately transformative for the $940 billion social media behemoth, and Chief Executive Mark Zuckerberg will probably appeal. But the smackdown offers a blueprint for other regulators to say “no”.

Bulldozer fills a coal truck with coal at the Rix Creek Mine near Newcastle

Glencore’s activist is misguided but not unhelpful

Emboldened by its recent success at Danone, activist Bluebell Capital is trying its luck https://www.ft.com/content/6f5a8c43-76d4-4843-a15e-47bc767ec6d8 at Glencore. With coal prices near record highs, the upstart fund has chosen an unfortunate moment to argue that investors would be better served spinning off the group’s extensive holdings of the pollutant. The intervention isn’t entirely unhelpful, though.

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