Essential Intelligence for Modern Investors

Grizzly Research alleges the tire maker earns more profit from Russia than investors realize and faces potential sanctions risks. Shares in Pirelli fell sharply after short seller Grizzly Research alleged the Italian tire maker was misleading investors over its Russian revenues and may have undisclosed ties to state-linked entities. The stock dropped more than 13% in the hours following the report’s release, before recovering after the company issued a statement rejecting the

The lawsuit marks the first state-led legal challenge against OpenAI and could help shape the future regulation of AI. Florida has become the first U.S. state to sue OpenAI, alleging that the company misled users about the risks associated with ChatGPT and seeking damages and a court order requiring changes to the company’s business practices. The lawsuit, filed by Florida Attorney General James Uthmeier, also names CEO Sam Altman, raising the prospect of personal liability f

Transaction follows Skydance's controversial Paramount takeover, marking the latest in streaming battle. Paramount has sought EU antitrust approval for its proposed acquisition of Warner Bros Discovery, advancing a deal that would create one of the world's largest media and entertainment companies as legacy media companies race to compete in the streaming era. The filing marks the latest step in a $110 billion transaction that would combine a vast portfolio of television netw

Proposed rule change could unlock vast new capital source for alternatives. U.S. retirement savers could soon be able to allocate portions of their 401(k) plans into private credit and cryptocurrencies if a new Department of Labor proposal passes. According to the recent proposal, the regulation would create a “safe harbor” framework to protect employers from legal liability when including alternative investments in retirement plan options. Employers would be required to foll

Buybacks and dividends generate stronger shareholder outcomes, study finds. Board seats, CEO departures and strategic reviews are often viewed as hallmarks of successful activist campaigns, but new research from JPMorgan suggests they do not consistently generate superior, long-term shareholder returns. Some campaigns that ousted CEOs or launched strategic reviews were actually linked to negative alpha over subsequent one- and two-year periods, according to a study from JPMor

A small group of repeat activists generates market-beating shareholder returns. Activism is increasingly dominated by a small group of experienced repeat campaigners, with serial activists generating materially better returns than occasional entrants to the strategy. Around 70% of activist investors were involved in just one campaign between 2018 and 2026, according to a new report by JPMorgan, while more than 80% participated in no more than two campaigns. However, the repor