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Heidi O’Neill, Formerly of Nike, Will Be New Lululemon’s New CEO
Heidi O’Neill will join the maker of yoga pants and other athletic clothing in September.
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Tesla Profit Rises but Remains Below Earlier Highs
The company is investing in robots and self-driving taxis that are not yet generating significant sales.
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Iran Again Tightens Its Grip on Shipping in the Strait of Hormuz
Traffic in the strait has all but halted as Iran renews its attacks, striking two vessels on Wednesday. More than 300 ships linked to Iran have passed through the strait since the war began.
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Coinbase and Gemini Accused of Illegal Gambling in N.Y. Lawsuits
Attorney General Letitia James said the cryptocurrency giants were illegally running gambling platforms in the state after they expanded into prediction markets, which are loosely regulated.
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Former Employee Sues MrBeast’s Company, Alleging Harassment
The former employee of the YouTube star’s production company said in a federal lawsuit that she had experienced sexual harassment and pregnancy discrimination. Beast Industries denies all of the claims.
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King Charles Will Not Meet Epstein Victims During U.S. State Visit
Representative Ro Khanna had asked Buckingham Palace for a private meeting between the victims and King Charles during his planned visit to the U.S. next week.
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Navy Secretary John Phelan Is Leaving the Pentagon and the Trump Administration
John Phelan is leaving the Pentagon and the Trump administration after months of infighting with senior Pentagon leaders.
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Not a Deal-Breaker: White House Downplays Iranian Action Near the Strait
President Trump’s threats have given way (for the moment, at least) to a more conciliatory tone about Iran’s actions in the Strait of Hormuz.
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RFK Jr. Defends Trump’s Mathematically Impossible Drug Discount Claims
President Trump has claimed that he has secured discounts of 400 to 1,500 percent on prescription drugs. A price discount cannot be more than 100 percent because that would lower the price to zero.
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Sean Plankey, Trump’s Pick to Lead Cybersecurity Agency, Withdraws His Nomination
Confirmation for the nominee, Sean Plankey, had been pending in the Senate for over a year.