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Activist hedge fund goes all in against a casino empire

Parag Vora’s hedge fund got two seats at Penn Entertainment, but has accused the company of conspiring with state casino regulators and violating the shareholder franchise to fend off the activist.
Penn Entertainment

‘Leaders want responsibility’: Republic Services CEO Jon Vander Ark on staying ‘out of the decisions and into the details’

The former McKinsey partner says his time is best spent out in the field to gain insights that would otherwise never make it to his desk.
Jon Vander ArkRepublic Services

‘MAGA is a big lesson to us’: Suntory’s Niinami on tariffs, Japanese dealmakers, and inclusive capitalism

Companies must get much more serious about making capitalism “inclusive” if they are to avoid a bigger populist backlash, he says.
Takeshi Niinami Yoshio Tsunoda/AFLO via Reuters

‘Momentum never sleeps’: 4 questions for Aon CEO Greg Case

The head of the insurance broker says its $1 billion investment in analytics is yielding dramatic insights into how weight loss drugs can tame health care costs.
Greg CaseSandy Rosencrans via Wikimedia Commons/CC BY-SA 4.0

Boomerang CEOs are corporate security blankets

UnitedHealth is bringing back former CEO Stephen Hemsley, as the insurance giant faces spiraling costs and a criminal investigation into its Medicare billing.
UNH CEO Stephen Hemsley.Bloomberg News/The Minnesota Star Tribune via ZUMA Press Wire

US producer prices fall as some companies absorb tariffs hit

While some firms appear to have held off on passing the cost of tariffs onto consumers, experts believe prices are set to rise in the coming months.
Shoppers walk past a Nike store in the King of Prussia Mall, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump’s decision to impose import tariffs on dozens of countries, in King of Prussia, Pennsylvania, U.S., April 3, 2025.Rachel Wisniewski/File Photo via Reuters

Can Wall Street’s subscription craze survive a recession?

Everything from car washes to razor blades is now sold on monthly memberships that investors have gotten hooked on. With consumers cutting back, that model looks threatened.

Bond vigilantes stare down Trump’s ‘big beautiful bill’

US Treasury bond yields have spiked as investors worry Republicans’ tax and spending plans will balloon the national debt and force Washington to borrow more.

Elliott’s Arconic chapter draws to a close, ten years later

Shareholders made billions, CEOs learned a lesson in discretion, and activists continue to prosper and profit.

US inflation rose less than expected in April, as analysts warn of future price hikes

Some analysts argued that April’s consumer price index reflected a ‘final lull’ before the effect of tariffs becomes evident in the economy.

‘We’re building a moat around a castle’: How Gallagher’s CEO struck 500 deals in 30 years

The third-generation CEO has transformed the insurance broker’s valuation, but says its size has not given it pricing power.

Morningstar’s Kunal Kapoor on why he doesn’t hire ‘heroes’

The former analyst, who’s pushing Morningstar into the AI era, believes in hiring executives who can argue their way to agreement.

Airwaves auction gains backers, but who’s bidding?

Republicans are pushing to authorize an auction of wireless spectrum as part of the “big, beautiful bill” that would enact the president’s domestic agenda.

As Fed keeps rates steady, Powell warns of ‘extremely elevated’ uncertainty over Trump policies

The unanimous decision marks the third time this year that the US central bank has kept the cost of borrowing the same.

IBM’s Gary Cohn on the tariff-driven ‘environment of uncertainties’ holding back AI

“There are very few companies in the world that are spending more today than they were a year ago, on anything.”

Activists come for the media moguls

The industry may be in managed decline, but investors see opportunities for growth — and value extraction.

The economist who got Trump right

While executives celebrated in Davos, Harvard’s Ken Rogoff saw a fragile system of American dominance almost sure to break.

Abu Dhabi’s Mubadala pours $10B into TWG Global

A two-way deal with TWG Global will see TWG invest $2.5 billion in exchange for a 5% stake in Mubadala Capital.