JACKIE MACIA—On December 23, 2024, Hudson’s Bay Company (HBC), the parent company of Saks Fifth Avenue, announced the completion of its $2.7 billion acquisition of Neiman Marcus Group, the parent company of both Neiman Marcus and Bergdorf Goodman. The newly formed Saks Global unites Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus, and Bergdorf Goodman under one corporate […]
KATE ALTMAN—If you are familiar with reality TV, chances are you are familiar with Bravo. Since the early 2000s, the network has revolutionized guilty-pleasure television, creating a cult-like fanbase around its most popular shows. While the on-screen drama keeps audiences entertained, in recent years, the darker side of the industry and behind-the-scenes conflicts have taken […]
HANNAH URÍA LABOVICK—On January 27, 2025, seven days into his second term as president, Donald Trump ordered the White House Office of Management and Budget (OMB) to issue Memorandum M-25-13, directing federal agencies to temporarily “pause all activities related to obligation or disbursement of Federal financial assistance.” Trump’s action ignited a firestorm of controversy, raising […]
IVAN BACHINSKY—The SEC recently sued Elon Musk over his alleged failure to timely disclose his five percent ownership stake in Twitter. The lawsuit, filed on January 14, 2025, concerns Musk’s purchase of Twitter stock that occurred in early 2022. In that year, Musk began accumulating Twitter shares and had amassed over five percent of Twitter’s […]
PERI MISHKIN—On January 7, 2025, two of the most destructive wildfires in California history ignited, causing nearly 40,000 acres to fall victim to the fires, entire neighborhoods reduced to ash, 27 lives to be lost, and more than 12,300 structures destroyed. Communities stand united in grief as thousands of displaced residents have no homes to […]
