Kobe Bryant launches venture fund Bryant Stibel with Jeff Stibel
Kobe Bryant and Jeff Stibel unveil the Bryant Stibel venture fund with a $100 million commitment. The duo, in New York, rang the NYSE bell as Alibaba and LegalZoom appear in their portfolio, along with The Players Tribune. Pfizer to acquire Medivation for about $14 billion in cash, topping a bidding war with Sanofi. Pfizer will pay $81.50 per share, sending Medivation stock higher.
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Jeff Stibel
Wall Street Journal
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Pfizer
Medivation
Sanofi
Uber CEO bets on autonomous cars reshaping future
Travis Kalanick outlines a decade plan where self driving tech dominates transport and customer delivery. He cites Uber Volvo trials in Pittsburgh, a $300 million deal, Otto trucking unit purchase, and a potential IPO no earlier than 2030 amid a shifting auto and tech landscape.
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USA Today
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Wells Fargo to pay 3.6 million fine for illegal student loan practices
The Consumer Financial Protection Bureau orders Wells Fargo to pay 3.6 million and reform practices after findings of illegal fees and poor disclosures. Borrowers faced late charges despite on time payments and credit reports were not corrected. The bank will reimburse at least 410,000 and fix misallocated payments as part of the remedy.
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Valeant names new CFO amid broader troubles for drugmaker
Valeant Pharmaceuticals replaced chief financial officer Paul Herendeen as it battles scrutiny over accounting practices pricing and business deals. Robert Rosiello moves to a corporate strategy role. The firm also negotiates loan terms amid lawsuits and federal probes.
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Paul Herendeen
Pfizer
Zoetis
Warner Chilcott
Med- Pointe
Valeant
Robert Rosiello
Joseph Papa
Paul
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AGS
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