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L’Occitane owner offers to take skincare group private at €6.5bn valuation
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Deadspin’s New Owners Are Embracing Betting Content—but Not AI
The future of once-beloved sports blog Deadspin has been murky since it was acquired by an unknown company called Lineup Publishing in March. The new ownership told WIRED they “don't want to ruin it.”Wired - Tech -
Billionaire Frank McCourt said he is organizing a bid to acquire TikTok in the U.S., weeks after the passage of a law that could force the platform's Chinese owner to sell.
Billionaire Frank McCourt said he is organizing a bid to acquire TikTok in the U.S., weeks after the passage of a law that could force the platform’s Chinese owner to sell.The Wall Street Journal - World -
Inflation Moderated Slightly in April, Offering Some Relief for Consumers
Prices rose 3.4 percent in April from a year earlier, a slight easing from the previous month and a positive sign for the Federal Reserve.The New York Times - Business -
Pfizer offers up to $250mn to settle thousands of Zantac cancer lawsuits
Agreement aims to resolve a big portion of litigation in Delaware over discontinued heartburn drugFinancial Times - Business -
A Senate Group Urges Spending $32 Billion in Emergency AI Development and Safety
A bipartisan quartet convened by Senate Majority Leader Schumer studied AI issues for a year and said the government should seize the opportunities and address the risks of the new tech.Inc. - Business -
HHS suspends funding to group at center of COVID lab leak
Click in for more news from The Hill {beacon} Health Care Health Care The Big Story HHS suspends funding to group at center of COVID lab leak The Biden administration has suspended federal grants to the infectious disease nonprofit EcoHealth ...The Hill - Politics - Covid -
U.S. Suspends Funding for Group at Center of Covid Origins Fight
The decision came after a scorching hearing in which lawmakers barraged EcoHealth Alliance’s president with claims of misrepresenting work with Chinese virologists.The New York Times - World - Covid -
The Best Way to Split the Check at Group Dinners---and Not Leave Grumpy
Apps like Splitwise and Tab can help divvy things up, but don’t be afraid to lean into those awkward money conversations.The Wall Street Journal - Tech
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UK migration policy risks undermining university sector, business warns
Rio Tinto, Siemens and Anglo American say curbs to overseas student numbers threaten investment, in letter to PMFinancial Times - Business - United Kingdom -
England’s universities face ‘closure’ risk after student numbers dive
Report from Office for Students warns ‘significant changes’ needed to ‘funding model’Financial Times - Business -
Paramount: the takeover battle that could reshape Hollywood
The tussle for the venerable studio has been billed as the money men against the creatives, but the outcome may help decide who survives in the streaming eraFinancial Times - Business -
Data centres have turned Big Tech into big spenders
Companies need AI services revenues, not cost savings, to fuel data centre boomFinancial Times - Business -
When the customer is not always right
Demographics are squeezing Japan’s ability to deliver the same high levels of service as beforeFinancial Times - Business