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Fashion and beauty
At the WWD Apparel & Retail CEO Summit, G-III chief executive Morris Goldfarb discussed the company’s shift from a single-product leather business to a portfolio that includes Marc Jacobs, Donna Karan and Karl Lagerfeld.
Football
The Atlético-MG goalkeeper drew laughter during the pre-match coin toss, then tried to persuade Botafogo captain Marçal to choose the blue side.
Music
The International Confederation of Music Publishers (ICMP) has strongly opposed proposed Australian copyright reforms that would facilitate AI training, labeling the initiative a massive landgrab. ICMP Director General John Phelan urges the government to reject demands from major tech firms and instead enforce existing laws against unlicensed content use.
Markets and investing
Morgan Stanley lowered Cisco to Equalweight from Overweight and cut its price target to $120 from $135, saying the shares’ strong gains have priced in much of the AI-driven revaluation.