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Owner Jeanie Buss of the Los Angeles Lakers and Jay Mohr prior to game one of a first round NBA basketball game between the Los Angeles Lakers and the Minnesota Timberwolves at Crypto.com Arena in Los Angeles on Saturday, April 19, 2025. Keith Birmingham | MediaNews Group | Pasadena Star-News | Getty ImagesThe Buss family has agreed to sell a majority stake of the Los Angeles Lakers to businessman Mark Walter in a deal that values the team at $10 billion, according to people with knowledge of the terms.The sale would mark a new record for NBA valuations. The Crypto.com…

Ryan, a global tax services firm based in Dallas, recently launched the Ryan Tariff Task Force to help clients deal with the complex interplay between taxes and the constant threat of tariff increases.”I’ve been talking to a lot of clients,” said Tony Gulotta, principal and practice leader of Ryan’s national tax team, who is leading the task force, which includes about 10 members. “They usually call me with the question, ‘How do I charge when I pass the tariff on?’ That answer is pretty universal. They’re required to subject it to sales tax in the same way the product would…

NikeSKIMS, a new brand from NIKE Inc. and SKIMS.Courtesy: NikeSKIMSKim Kardashian fans are going to have to wait a little longer for the highly anticipated NikeSKIMS line.The activewear line will launch later this year instead of in the spring, like the companies had originally announced, because of production delays, according to a person familiar with the matter who requested anonymity to speak candidly. The person added that the delays are internal and not because of a supplier or shipping issue.No date has been determined for the new launch date, the person added.The person also said the relationship with Kardashian and…

The Food and Drug Administration on Wednesday approved Gilead’s twice-yearly antiviral injection for preventing HIV — a milestone that the company and some experts say could help bring the world closer to ending the decadeslong epidemic caused by the virus. But the launch of the injectable drug, which will be marketed under the name Yeztugo, faces a set of potential threats, including the Trump administration’s proposed cuts to federal funding for HIV prevention efforts. In two groundbreaking clinical trials in 2024, Gilead’s injection proved to be capable of virtually eliminating new HIV infections when taken every six months. That’s a less frequent…

The Chartered Institute of Management Accountants named John Graham its next president, succeeding Simon Bittlestone, effective today.Graham will also serve as president, as well as co-chair, of the Association of International CPAs, for a one-year term.Graham has spent much of his career in the National Health Service in the U.K., working for a range of organizations, including the Department of Health, and has held the roles of chief finance officer and director of finance for the last 16 years. He is currently the CFO of the Stockport NHS Foundation Trust, making him the first sitting CIMA president to concurrently hold…

The House-passed version of Republicans’ tax and spending bill would add $2.8 trillion to U.S. deficits over the next decade, according to new estimates from the Congressional Budget Office that incorporate the broader impact the legislation would have on the economy and federal budget.The new estimate is even bigger than a previous $2.4 trillion calculation, which hadn’t accounted for so-called dynamic effects. In a release Tuesday, the nonpartisan CBO said that higher interest rates from the bill would add $441 billion to deficits over a decade. The agency only saw an $85 billion reduction in borrowing thanks to economic effects,…