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Novo Nordisk A/S Chairman Helge Lund is stepping down after a boardroom dispute over the pace of change and will be replaced by Lars Rebien Sorensen, a previous leader of the Danish drugmaker who now heads its biggest shareholder. The move is part of a wider shakeup at the maker of Wegovy and Ozempic drugs, … Read more
Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBC Berkshire Hathaway has formally separated the roles of chairman and chief executive officer, a long-anticipated move that paves the way for Greg Abel to succeed Warren Buffett as CEO at the … Read more
Happy Friday, everyone. It’s finance editor, Jeff John Roberts, stepping in for Allie. I’m curious what Term Sheet readers—many of you from the startup and VC world—think of the following: a company on the cusp of an IPO taps one of its earliest venture capitalists to step in as top executive and get it across … Read more
NEWYou can now listen to Fox News articles! Democratic New York City mayoral candidate Zohran Mamdani lost the endorsement of a longtime state party leader despite having the backing of New York Gov. Kathy Hochul. New York State Democratic Committee (NYSDC) Chairman Jay Jacobs announced this week that he will not back Mamdani for mayor … Read more
Khosla Ventures’ Keith Rabois is back as chairman at Opendoor, and he doesn’t understand why the company’s workforce has gotten so “bloated.” Rabois, who cofounded the online residential real estate marketplace a decade ago, rejoined the board earlier this month along with his cofounder Eric Wu and promised to bring back “founder DNA” to a … Read more
Key Takeaways SEC Chairman Paul Atkins declared that ‘crypto’s time has come,’ signaling a significant shift in the regulatory tone towards digital assets. The SEC plays a central role in US regulation of digital asset markets, and statements from its leaders are closely watched for policy signals. Share this article Paul Atkins, the Securities and … Read more
The Ethereum/Bitcoin rivalry is real, according to Tom Lee, chairman of BitMine and co-founder of Fundstrat. Lee, a key Ethereum stakeholder whose market influence stems from his institutional investments and public advocacy, claims that ETH can reach $60,000 in five years and has a 50% chance of flipping Bitcoin. However, while Ether has been performing … Read more
NEWYou can now listen to Fox News articles! FIRST ON FOX: House Ways and Means Committee Chairman Jason Smith is demanding records from The People’s Forum, a tax-exempt nonprofit he says has operated as a de facto foreign agent for the Chinese Communist Party (CCP) while using U.S. taxpayer benefits to fund protests and spread propaganda. … Read more
NEWYou can now listen to Fox News articles! Federal Communications Commission Chairman Brendan Carr shot back on Monday at left-wing celebrities and politicians decrying CBS canceling Stephen Colbert’s late-night show. “The partisan left’s ritualist wailing and gnashing of teeth over Colbert is quite revealing. They’re acting like they’re losing a loyal DNC spokesperson that was … Read more
OpenAI’s chairman Bret Taylor reveals he leans on the advice of former Google and Facebook executives on the value of embracing new opportunities in tech. Ditching the planned career path has worked well as he’s taken on roles like co-CEO at Salesforce and chair at Twitter: “Especially in Silicon Valley, there’s just unique moments, and … Read more
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