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Investors sue Adidas over Kanye West relationship

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The investor group is alleging the sportswear brand was fully aware of West’s problematic behaviour years ago

Adidas is being sued by a group of investors after the company ended its relationship with Kanye West.

The investor group is alleging the sportswear brand was fully aware of West’s problematic behaviour years ago, and failed to take measures to minimise negative implications.

The company ended its collaboration with the rapper last year following anti-semitic comments.

Adidas revealed earlier this year that it will likely lose hundreds of millions of dollars over unsold Yeezy products.

In a statement, Adidas said: “We outright reject these unfounded claims, and will take all necessary measures to vigorously defend ourselves against them”.

West is not party to the investor lawsuit.

Last October, when the company ended the collaboration, it said: “Adidas does not tolerate antisemitism and any other sort of hate speech.

“Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness.”

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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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