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Hive Business and Financial News
THE BILLIONAIRE’S SECRET

The Richest Man in Germany Is Worth $44 Billion. The Source of His Family Fortune? The Nazis Know.

Klaus-Michael Kuehne, born in 1937, has more money than Ken Griffin, MacKenzie Scott, or François Pinault. Just don’t ask him how he got so rich.
excerpt

“Are You Saying No to Elon Musk?”: Scenes from the Slash-and-Burn Buyout of Twitter

In an excerpt from their new book, Character Limit, Kate Conger and Ryan Mac detail how Musk’s “goons” instilled fear and uncertainty among the rank and file, while his inner circle employed hardball tactics in a touch-and-go transaction.
Sports

The US Open Approaches a New Milestone: 1 Million Fans

More spectators than ever are flocking to Flushing for this year’s Grand Slam tournament, which manages to draw throngs of tennis fans while remaining a magnet for the chic and fashionable. It’s an event, says USTA chief Lew Sherr, that strives to offer “accessible luxury.”
Sports

Bill Belichick’s Unexpected Second Act: Media Star

The NFL’s most celebrated coach is gabbing with Pat McAfee and the Manning brothers, hosting a web show, and posting on Instagram. Mike Tirico thinks “he’s going to be great” as a TV talker, but is Belichick’s future in the studio—or back on the sidelines?
Sports

National Women’s Soccer League Eliminates Draft in Historic New Agreement

The collective bargaining agreement unveiled Thursday will also require players’ consent for trades. Such changes, says one union leader, mark “tectonic shifts in the American sports landscape.”
Q&A

The Story Behind Aaron Rodgers’s Path From Beloved NFL Star to Most Polarizing Player

Biographer Ian O’Connor talks to Vanity Fair about the roots of Rodgers’s family estrangement—“death by a thousand cuts”—and the Jets QB’s regret over claiming he had been “immunized” against COVID-19: “He told me, I should have told the truth.”
SUCCESSION DRAMA

Rupert Murdoch’s Family Battle Proves He’s Losing Control

The media mogul is scrambling to protect Fox News from three of his politically moderate heirs. It’s a sign of Rupert’s waning influence. “Murdoch is no longer the pope,” one political vet says.
Boys and Their Toys

Inside California’s Freedom-Loving, Bible-Thumping Hub of Hard Tech

Many cities have aspired to be the next Silicon Valley. But here in El Segundo—home to an upstart, male-dominated defense tech enclave—the founders are defining themselves in opposition to it. “This is not ‘San Francisco lite,’” says one, “or ‘San Francisco plus a little bit of hardware.’”
Sports

Why Serena Williams Isn’t Watching Wimbledon

In an interview with Vanity Fair, the GOAT of women’s tennis talks about the struggle of becoming a spectator, hosting this week’s ESPYs, and why a comeback is always in the “back, back, back of my mind.”
Media

“I’m Not Naive”: Inside Emma Tucker’s Rocky Wall Street Journal Reboot

The British-born editor has injected America’s business paper of record with ambition and verve, while unnerving the newsroom with unapologetic cuts. The restructuring “may look callous,” she says. “But it’s so that we get it right, so I don’t have to do it over again.”
From the Magazine

How Art Mogul Louise Blouin Lost Her Fabled Hamptons Estate

Louise Blouin lost La Dune, the Hamptons estate where she once entertained Prince Andrew and Calvin Klein, but she’s not letting go quietly.
Sports

“It Was Astonishing”: How NBC Convinced Al Michaels to Embrace His AI Voice for Olympics Coverage

The network will use an artificial clone of the legendary broadcaster’s voice to narrate its daily recaps of the summer event. “It was not only close,” he says of the technology, “it was almost 2% off perfect.”
Media

The Moral Panic Around the “British Invasion” of US Newsrooms

Will Lewis’s ethical imbroglio has led to caricatures of British editors. But the Washington Post publisher should be held accountable as a powerful news executive—not a national stereotype.
MEDIA

Washington Post Publisher Will Lewis and Incoming Executive Editor Robert Winnett Used Stolen Records While Reporting in Britain: NYT

The bombshell article, released on Saturday night, comes during a tumultuous time for the legacy news organization.
Big Tech

Apple’s AI Approach Is a Welcome Break From the Industry Arms Race

The tech giant took some heat this week for its “uninspired” foray into AI, but a more measured pace is just what Silicon Valley needs.

WallStreetBets, GameStop, and the “Swirl of Distrust” That’s Electrifying the Stock Market

In an interview with Vanity Fair, Nathaniel Popper traces the origins of an unprecedented financial saga—and explains how it’s given rise to a new class of retail investors that are keeping institutional investors on their toes: “They very much realize the power of this young online world.”
Media

“I Can’t Sugarcoat It Anymore”: Will Lewis Bluntly Defends Washington Post Shake-Up

Addressing a rattled newsroom in the wake of Sally Buzbee’s resignation, the Post’s CEO and publisher stressed the need for taking “decisive, urgent action to set us on a different path.”
take five

Rupert Murdoch Marries Elena Zhukova

Fifth time's the charm, isn't that what they say?
true colors

“I’d Like to Get on a Winning Streak—That’d Be Fun”: Steve Cohen on Bringing Contemporary Art to the Mets

Amid a truly rough season on the field, the Mets owner and mega-collector is merging two of his passions and enlisting artists such as Joel Mesler, Rashid Johnson, and Sarah Sze to make gallery-worthy giveaways.
Sports Media

Charles Barkley Goes Rogue in NBA Rights Fight

The Inside the NBA cohost is unloading on Warner Bros. Discovery chief David Zaslav as the future of TNT’s basketball broadcasts is in limbo. “They’ve done a really shitty job of keeping us abreast,” Barkley said Thursday.
Legal Eagle

How Lisa Rubin Became MSNBC’s “Eyes and Ears” at the Trump Trial

The corporate lawyer turned correspondent is having a moment on the cable news channel, relaying all the daily drama from the camera-free courtroom. “We have to bring all of those vivid details to people’s living rooms,” she says.