1. LVMH's CHAMP Fund Takes Minority Stake in Athlete Apparel Brand Rhoback
    Culture

    LVMH's CHAMP Fund Takes Minority Stake in Athlete Apparel Brand Rhoback

    CHAMP, a $500 million fund backed by LVMH's L Catterton and more than 250 athletes, invested nearly $50 million in activewear brand Rhoback — the profitable, $150 million brand's first outside capital ever.

    ·2 min read
  2. Artists whose songs are in the Recognition Music Group catalog acquired by Sony Music Publishing
    Culture

    Sony Music Publishing Acquires Recognition Music Group's 45,000-Song Catalog

    Sony Music Publishing agreed to buy Recognition Music Group — the catalog Blackstone built from Hipgnosis — gaining shares in more than 45,000 songs by Fleetwood Mac, Beyoncé and Mariah Carey, in a deal reported in the $2 billion range.

    ·2 min read
  3. Adam Demuyakor of Wilshire Lane Capital Joins Conduent Board, Effective June 1
    Technology

    Adam Demuyakor of Wilshire Lane Capital Joins Conduent Board, Effective June 1

    Conduent (NASDAQ: CNDT) appointed Adam Demuyakor — founder of VC firm Wilshire Lane Capital and vice chair of the Los Angeles Housing Authority — to its board, effective June 1. He joins the Compensation, Risk Oversight, and Corporate Governance committees.

    ·2 min read
  4. Coinbase Lays Off 14% of Staff and Restructures Around AI 'Player-Coaches'
    Technology

    Coinbase Lays Off 14% of Staff and Restructures Around AI 'Player-Coaches'

    Coinbase cut 14% of its staff — but the real story is Brian Armstrong replacing managers with "player-coaches" and betting the company on one-person "AI-native pods."

    ·2 min read
  5. JPMorgan Reclassifies AI Spending as Core Infrastructure in $19.8B 2026 Budget
    Technology

    JPMorgan Reclassifies AI Spending as Core Infrastructure in $19.8B 2026 Budget

    JPMorgan moved AI off the experimental ledger and onto core infrastructure, anchoring a $19.8B 2026 tech budget. The dollar figure isn't the news. The accounting category is. Here's what changes when a top-five US bank decides AI sits next to the payment rails.

    ·3 min read
  6. SoftBank's Next $100 Billion Bet: A Robotics Company That Builds Data Centers
    Technology

    SoftBank's Next $100 Billion Bet: A Robotics Company That Builds Data Centers

    Masa Son is preparing to IPO a new venture called Roze at a $100 billion valuation. Roze's product? Robots that build the data centers that train the AI that runs the robots. The recursion is the point.

    ·4 min read
  7. TakeHome: A Tool for SMB Founders Deciding on Corporate Structure
    Uristocrat Studios

    TakeHome: A Tool for SMB Founders Deciding on Corporate Structure

    The difference between an LLC and an S-Corp election can mean thousands of dollars a year — TakeHome, built by consultant Darlin Alberto, lets you model that gap before you're sitting across from a lawyer.

    ·3 min read
  8. Anthropic Doubles Fundraising Target to $20 Billion at $350 Billion Valuation
    Technology

    Anthropic Doubles Fundraising Target to $20 Billion at $350 Billion Valuation

    Anthropic nearly doubled its valuation to $350 billion after strong investor demand pushed its fundraising target from $10B to $20B — with backers like Sequoia and Amazon lining up as an IPO looms.

    ·1 min read
  9. Hasbro Appoints Carla Vernón to its Board of Directors
    Business

    Hasbro Appoints Carla Vernón to its Board of Directors

    Hasbro has tapped Carla Vernón — CEO of The Honest Company and former Amazon VP — to join its Board of Directors, bringing deep consumer brand and franchise expertise to the table.

    ·1 min read
  10. Nike CEO, Directors Signal Confidence in Company Turnaround to the Tune of $4.45 Million
    Business

    Nike CEO, Directors Signal Confidence in Company Turnaround to the Tune of $4.45 Million

    Tim Cook doubled his personal Nike stake with a $2.95M share purchase—his first open market buy since 2005—as Nike insiders collectively bet $4.45M on Elliott Hill's 'Win Now' turnaround.

    ·1 min read
  11. Nike Renames World Headquarters After Co-Founder Phil Knight
    Sports

    Nike Renames World Headquarters After Co-Founder Phil Knight

    Nike honors co-founder Phil Knight by renaming its Beaverton headquarters the Philip H. Knight Campus—a tribute to the visionary who built a global movement.

    ·1 min read
  12. SSENSE Files for Bankruptcy Protection
    Fashion

    SSENSE Files for Bankruptcy Protection

    Montreal-based luxury e-tailer SSENSE forced into bankruptcy protection by lenders, highlighting the devastating consolidation wave hitting multi-brand luxury retail amid trade policy pressures and market slowdown.

    ·3 min read