Starboard Value CEO Jeff Smith says his firm has built a new stake in Shake Shack, describing the burger chain as a great, undervalued brand that can grow faster by leaning into franchising in the US

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Lululemon built its reputation on leggings. But a product launch earlier this year quickly turned into a see-through problem. Now, the embattled athleisure giant has a new CEO and a seemingly fresh start. Lily Meier reports.
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Brad Stone gives a sneak peek at Businessweek’s annual Screentime issue
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The crypto industry will get market structure rules even if Congress fails to pass landmark legislation, the head of the Commodity Futures Trading Commission Chairman Michael S. Selig https://bloom.bg/4wAKqwX

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Insurers have quietly become a major driver of the private credit boom, changing the insurance industry itself and raising a number of questions about risk and regulation.

Andrew Granato and Pranjal Drall, authors of a new paper, “Private Credit’s State Backstop: How Private Equity Socializes Risk Through Insurers,” tell Tracy Alloway and Joe Weisenthal how both sides benefit from the partnership and why taxpayers might ultimately be on the hook.
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