FIFA agreed a $60 million mainland China broadcast deal with China Media Group for the 2026 World Cup. The price was far below FIFA's initial $250–$300 million ask.
EY UK has paid more than £100 million ($133 million) to the administrators of NMC Health Plc to settle claims it was negligent in its audits of the failed firm, according to people familiar with the matter https://www.bloomberg.com/news/articles/2026-05-16/ey-pays-over-100-million-to-settle-nmc-health-legal-claim?taid=6a08621d76997b0001c405a8&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter
Meet the pilots flying Spirit Airlines' yellow jets to the desert https://www.cnbc.com/2026/05/16/spirit-airlines-airplanes.html?taid=6a085f95717bd400015f347c&utm_campaign=trueanthem&utm_content=main&utm_medium=social&utm_source=twitter
🔊 Running a mile in a tuxedo at midnight. Getting credentialed with 10 minutes to spare. Accidentally telling a director you hated his film. Listen to On Assignment to hear what covering Cannes is like https://reut.rs/4wzJxWC
Holding Congress accountable means ending this redistricting war and changing the way members are elected, writes @MaryEllenKlas. It's entirely possible — and without a Constitutional amendment (via @opinion) https://www.bloomberg.com/opinion/articles/2026-05-16/a-redistricting-fix-both-democrats-and-republicans-could-love?taid=6a085d6d2096e10001cd0dc1&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter
Grayscale said its research team sees US inflation accelerating and the market pricing no Federal Reserve rate cuts before September 2027. Grayscale said this backdrop could create headwinds for the devaluation trade and speed up development of tokenized fixed-income products.
Gates Foundation Exits $3.2B Microsoft Stake as Ackman Reveals $2.3B Position
The Bill & Melinda Gates Foundation Trust sold its entire $3.2 billion Microsoft stake, and Microsoft shares slipped 0.42% to $422.07 on May 15. The sale was tied to the foundation's plan to raise annual grantmaking to $9 billion by 2026 and wind down the endowment by 2045. Bill Ackman disclosed a new 5.65 million-share Microsoft position worth nearly $2.3 billion.
A whale on Hyperliquid is facing an unrealized loss of more than $3.6 million on a 15x long position of 40,000 ETH worth $87 million. The position has an entry price of $2,265 and a liquidation price of $1,347.
After queuing for days to get their hands on the new Audemars Piguet-Swatch collaboration, fans on Saturday finally got their chance to buy the eye-catching pop-art timepiece, but heaving crowds stopped some stores from opening their doors https://www.bloomberg.com/news/articles/2026-05-16/swatch-stores-cancel-audemars-piguet-swatch-sale-as-crowds-surge?taid=6a085792717bd400015f3432&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter
Iran Signals Hormuz Management Plan as Intesa Sanpaolo Crypto Exposure Reaches $235M
This roundup's most material items were Iran saying it had prepared mechanisms to manage the Strait of Hormuz and Intesa Sanpaolo's Q1 crypto exposure rising to about $235 million. Other brief updates covered THORChain scam warnings, trader positioning, and comments on crypto speculation.
Intesa Sanpaolo increased its crypto-related ETF holdings to $235 million in the first quarter. The position was more than double the $100 million the bank held in the fourth quarter of last year.
The Senate Banking Committee advanced the Digital Asset Market Clarity Act in a 15-9 vote, and XRP rose above $1.50 after the decision. XRP gained 5% over 24 hours and 7.6% on the week, outperforming bitcoin and ether. The Senate version still must merge with the Agriculture Committee version, pass the full Senate, survive House reconciliation and reach the president's desk.