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Signage is seen at the 2019 Deadline Contenders Hulu Reception at Paramount Theater on the Paramount Studios lot on April 07, 2019 in Hollywood, California.Rachel Murray | Getty ImagesDisney has agreed to pay Comcast $438.7 million for its stake in the streaming service Hulu, concluding a years-long appraisal process.In 2023 Disney announced it intended to buy Comcast’s 33% stake in Hulu. At the time, Disney paid $8.6 billion, which reflected Hulu’s guaranteed minimum value of $27.5 billion. The two companies had agreed on that floor in 2019.Disney’s announcement came as no surprise as it was widely reported by CNBC and…

U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. testifies before the Senate Committee on Appropriations hearing on the Department of Health and Human Services budget, on Capitol Hill in Washington, D.C., U.S., May 20, 2025. Ken Cedeno | ReutersHealth and Human Services Secretary Robert F. Kennedy Jr. on Monday said he is “retiring” all 17 members of a crucial government panel of vaccine advisors, a shocking step that could help to sow doubts about immunizations in the U.S.”A clean sweep is needed to re-establish public confidence in vaccine science,” Kennedy said in an opinion piece in the…

Moments Lab is part of a growing number of AI startups raising money to reshape Hollywood and related fields.Moments Lab provides tools that index video libraries and create new videos from raw footage.The company recently raised $24 million in Series B funding from Oxx, with participation from Orange Ventures, Kadmos, Supernova Invest, and Elaia Partners. It plans to use the funding to build on its existing tech and roll out an agentic AI tool. To date, it’s raised $37.4 million.Paris-based Moments Lab was founded by twin brothers Fred and Philippe Petitpont in 2016. Philippe was a product manager for French…

Citi CEO Jane Fraser is doubling down on work from home at a time when more companies — from Wall Street to Silicon Valley — are demanding employees return to the office five days a week.Citigroup on Monday announced two weeks of fully remote work in August for its hybrid employees, the majority of whom are required to be in the office at least three days a week.In a memo to employees on Monday, Citi’s chief human resources officer, Sara Wechter, said the perk is a testament to the success of the bank’s hybrid approach. “Our hybrid work model helps us attract…

The Food and Drug Administration on Monday approved Merck’s shot designed to protect infants from respiratory syncytial virus during their first season of the virus, bringing to market a rival to a similar treatment from Sanofi and AstraZeneca.The decision will allow the company to launch the drug, which will be marketed as Enflonsia, ahead of the RSV season that typically kicks off around fall and winter and lasts through the spring. Merck said in a release that it expects orders for the shot to begin in July, with shipments delivered before the virus starts to spread widely.The approval gives doctors…

Who wants to fill Mark Read’s shoes?The hunt is on for a new chief executive at WPP after Mark Read announced he intends to step down after seven years leading the advertising agency giant.Whoever takes over will inherit a company that’s recently been usurped from pole position within the agency sector by Publicis Groupe. WPP has already undergone a series of restructures and repositionings that insiders and shareholders are hoping will convert into new business and turn around a period of decline.WPP and its competitors are also battling for relevance as their clients face downward pressures on their ad budgets…

Courtroom ftwitty/Getty Images/E+ hide caption toggle caption ftwitty/Getty Images/E+ Employment attorney Diane Seltzer has won a closely watched contest to lead the D.C. Bar Association, defeating securities lawyer Brad Bondi in a race with record turnout. Seltzer tallied more than 90 percent of the electronic vote with “no issues or irregularities” in the voting system, D.C. Bar CEO Bob Spagnoletti said in a press call Monday. More than 38,000 people voted in the race, more than five times as many voters in a typical election, he said. “Member engagement in this election was, to say the least, extraordinary,” Spagnoletti said.…

Targeted feedback, such as annual or quarterly reviews, is essential for employees’ growth. However, if it’s too infrequent or inconsistent, it could hinder employee performance.With that in mind, some small businesses are replacing performance-based reviews with continuous open feedback, or sharing feedback regularly so employees can consistently learn and improve.Leaders at small businesses told BI that this type of consistent evaluation system can alleviate employees’ daily challenges, speed up their workflows, and create innovative environments where employees feel comfortable sharing new ideas.Continuous feedback can take different formsContinuous open feedback methods can vary across companies.Scott Goldberg, the managing director of Carve…

As tensions escalate between California and the Trump administration over immigration, another potential battlefront is emerging over taxes. The spat began with reports that the Trump administration is considering cutting funding for California’s university system, the largest higher education system in the nation with about 12% of all U.S. enrolled students. In response, Gov. Gavin Newsom wrote Friday afternoon in a social media post that California provides about $80 billion more in taxes to the federal government than it receives in return. “Maybe it’s time to cut that off, @realDonaldTrump,” Newsom said.What is a donor state?A donor state is one that provides more…

David Zaslav attends the world premiere of “The Flash”, in Hollywood, Los Angeles, California, U.S., June 12, 2023. REUTERS/Mike BlakeMike Blake | ReutersEarlier this year, Warner Bros. Discovery Chief Executive Officer David Zaslav ended his company’s long relationship with the National Basketball Association. Now, he may be setting the stage to end his relationship with U.S. sports, altogether.WBD announced Monday it’s splitting itself into two companies — a concept CNBC first reported had picked up steam in April. One company, temporarily called Streaming and Studios, will consist of Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO and…