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Money

Court demands WeWork’s financial records

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A judge has issued a court order compelling WeWork to provide detailed financial records related to a broken lease at a prominent skyscraper in New York City.

The decision comes as part of an ongoing legal battle between WeWork and the building’s landlord, shedding light on the coworking giant’s financial commitments.

The dispute revolves around WeWork’s lease at a prestigious Manhattan skyscraper, where the company had agreed to occupy a substantial amount of office space.

However, WeWork abruptly abandoned the lease, citing financial challenges exacerbated by the COVID-19 pandemic. This move left the building’s owner, a prominent real estate company, seeking damages for the lost rent and other contractual obligations.

The court’s order requires WeWork to produce comprehensive financial documents, including records of its revenues, expenses, and overall financial health.

This information will be critical in determining whether WeWork had valid reasons for terminating the lease or if the move was unjustified.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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