Business

Sell the Company for $400 Million? He’s Giving It Away Instead.

After his sole heir died, Eddie Smith, the owner of Grady-White Boats, looked for a way to pass on his legacy. He was inspired by Patagonia to pledge future profits to charity.After his sole heir died, Eddie Smith, the owner of Grady-White Boats, looked for a way to pass on his legacy. He was inspired […]

Sell the Company for $400 Million? He’s Giving It Away Instead. Read More »

Blockbuster I.P.O.s Are Creating New Millionaires. Philanthropies Want a Cut.

As start-ups like Anthropic and OpenAI prepare to go public, nonprofits are hoping for a secondary giving windfall from the new tech ultrawealthy.As start-ups like Anthropic and OpenAI prepare to go public, nonprofits are hoping for a secondary giving windfall from the new tech ultrawealthy. Initial Public Offerings, Philanthropy, High Net Worth Individuals, Start-ups, Artificial Intelligence,

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Tankers Sail Through Red Sea Despite Houthi Blockade

Dozens of ships continued to traverse the Red Sea this week, but with scattered disruption, uncertainty about the passage grows by the hour.Dozens of ships continued to traverse the Red Sea this week, but with scattered disruption, uncertainty about the passage grows by the hour. Houthis, Ships and Shipping, Oil (Petroleum) and Gasoline, US and Israeli

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A Global Economy Jolted by an Oil Shock Now Gets a Tariff Reminder

Tariffs are back, but this time there is a war in the Persian Gulf and oil has hit $100 a barrel.Tariffs are back, but this time there is a war in the Persian Gulf and oil has hit $100 a barrel. Economic Conditions and Trends, Customs (Tariff), US and Israeli Attack on Iran (2026), Inflation (Economics),

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1.6 Million Egg Cartons Are Recalled Over Salmonella Risk

The voluntary recall included eggs produced in Texas and sold under several brand names in six states, the Food and Drug Administration said.The voluntary recall included eggs produced in Texas and sold under several brand names in six states, the Food and Drug Administration said. Food Contamination and Poisoning, Recalls and Bans of Products, Salmonella (Bacteria),

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Trump to Speak as White House Correspondents Dinner Returns With More Security

President Trump remains the evening’s keynote speaker, as relations between his administration and the press continue to deteriorate.President Trump remains the evening’s keynote speaker, as relations between his administration and the press continue to deteriorate. United States Politics and Government, White House Correspondents’ Dinner Shooting (April 25, 2026), Freedom of the Press, News and News Media,

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F.D.A. Panel’s Vote on Peptides Raises Concerns About a Prescribing Boom

The committee endorsed broader use of the peptides in lightly regulated compounding pharmacies that have grown into a multibillion-dollar business.The committee endorsed broader use of the peptides in lightly regulated compounding pharmacies that have grown into a multibillion-dollar business. Peptides, Regulation and Deregulation of Industry, Drugs (Pharmaceuticals), United States Politics and Government, Telemedicine, Food and Drug

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Paramount Agrees to Delay Warner Bros. Merger for Months

The company agreed to a proposed freeze until June 2027, unless a judge issues a ruling before then on a lawsuit blocking the deal.The company agreed to a proposed freeze until June 2027, unless a judge issues a ruling before then on a lawsuit blocking the deal. Warner Bros Discovery, Paramount Skydance, Mergers, Acquisitions and Divestitures,

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Trump Administration Admits Canceling Grants to States That Did Not Vote for Him

Federal officials said in court documents that they halted billions of dollars in funding for energy projects to states “based solely” on whether they backed President Trump in the 2024 election.Federal officials said in court documents that they halted billions of dollars in funding for energy projects to states “based solely” on whether they backed

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Small Businesses Sue Trump Administration Over Latest Tariffs

The businesses are represented by the Liberty Justice Center, a legal group that has successfully challenged President Trump’s past duties.The businesses are represented by the Liberty Justice Center, a legal group that has successfully challenged President Trump’s past duties. International Trade and World Market, Customs (Tariff), Courts and the Judiciary, Forced Labor, Court of International Trade,

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