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FireAid’s audit reports find no misuse of charitable funds

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Two long-awaited reports about the disaster-relief charity FireAid’s distribution of funds have been released to government officials and the public.

The 501(c)(3) organization, founded by Clippers executives, had been under scrutiny from Republican politicians (including President Trump, who called FireAid a “total disaster”) and some residents of fire-ravaged areas in Pacific Palisades and Altadena. They questioned the priorities and effectiveness of grants given out after FireAid raised an estimated $100 million through its flagship benefit concerts in January.

In response, FireAid commissioned two reports — one a long-planned six-month status update on the specifics of its fundraising, grant making and local impacts, and the other an independent review by law firm Latham & Watkins. Both documents, reviewed by The Times, have been sent to local and national officials and the Department of Justice.

“The law firm conducted an independent review of the charity, and shared conclusive findings affirming that FireAid has acted in accordance with mission, has strong accountability measures and aid is reaching affected communities,” the FireAid organization said in a statement about the review findings.

Scrutiny of FireAid‘s handling of charitable funds was escalated in July when California Rep. Kevin Kiley (R-Rocklin) said, in a letter calling for an investigation, that “tens of thousands of people in Southern California lost so much in the wildfires, including their homes and loved ones. Americans generously opened their wallets to help the people impacted by the wildfires. Every penny should go towards helping those people rebuild their lives. I am urging the Attorney General to open an investigation into the matter immediately so the people of Southern California can receive much-needed relief.”

In response to those concerns, FireAid commissioned an independent review from Latham & Watkins, which said in its report, “Recently, media reports and public inquiries have raised concerns regarding the distribution of the charitable donations raised. … Based on the investigation conducted to date, we have not identified evidence of any misrepresentations in the solicitation of charitable funds, improper selection of grantees, improper distribution of funds, improper use or misappropriation of funds, fraudulent intent, or deviation from FireAid’s stated mission.”

“Rather, our findings indicate that FireAid understood its purpose as a charity concert to raise money for fire victims, communicating consistently how charitable donations would be used across its website, public statements, and sponsorship materials,” it continued. “FireAid put in place a comprehensive, multi-level grantmaking and evaluation process to ensure the effective distribution of funds. The overarching goal was to swiftly allocate funds to organizations that were capable of providing services to the community as fast as possible. Consistent with the ideology of disaster philanthropy, FireAid’s approach aimed to balance the need for formal processes and controls with the urgency of disaster response.”

The Pacific Palisades Community Council, a group whose early concerns about FireAid prompted wider calls for investigation, said in a letter published alongside the review findings: “Like many in the community, we were seeking clarity at a time when communication was scattered, and emotions were running high. Since that time, we have received an official statement from FireAid, as well as dozens of testimonies and direct information from organizations on the ground. These updates have painted a much fuller and clearer picture of how FireAid resources are being put to work — quickly, carefully, and with real local impact.”

“After calling for scrutiny of fund disbursements and accountability, we realize that misinformation online has increased, particularly around the use of FireAid funds,” the council’s letter continued. “It’s understandable, as disaster leaves people in a state of loss, anger and uncertainty. As a community organization, PPCC believes it has a responsibility to counter false or incomplete narratives with emerging facts. That includes recognizing when the people who could help actually did.”

Olivia Rodrigo performs during the FireAid benefit concert Jan. 30 at Intuit Dome in Inglewood.

(Jordan Strauss / Invision / Associated Press)

FireAid’s internal six-month progress report, a copy of which The Times received, noted 75,020 donors to FireAid, with $99,330,741 in cash raised and $8,390,463 in in-kind donations. Those funds were used toward two rounds of 127 and 70 grants to organizations totaling $74,675,000 (a third round of grant applications is underway and will be distributed later this year), the report indicated.

The first round of grants delivered $7.6 million to disaster relief groups, $6.7 million to frontline workers and small businesses, $4.8 million to housing and health groups and $3.3 million to musician and artist organizations, among other sub-categories like food access, reservation of recreational spaces, benefits navigation and schools, according to the progress report.

A second round spent $14.7 million on wildfire recovery efforts and $5.9 million for wildfire victim relief, among other efforts.

The document also clarifies the exact sources of the funds raised during the benefit. Tickets and suites at the Forum and Intuit Dome — the sites of the concerts — raised just over $14 million, while $44.5 million came from corporate sponsors, $9.9 million from institutional and philanthropic donors, and $14 million from live-broadcast and individual donations. Ballmer and his wife, Connie, provided $14 million in matching donations.

FireAid also clarified that “a stipulation of the FireAid funds communicated to each grantee that not a single dollar was allowed to be spent on administrative costs to ensure maximum benefit.”

Flea, left, and Anthony Kiedis of Red Hot Chili Peppers perform during the FireAid benefit concert.

Flea, left, and Anthony Kiedis of Red Hot Chili Peppers perform at FireAid at the Forum.

(Chris Pizzello / Invision / Associated Press)

“With all concert operational costs being privately funded, with additional pro bono and in-kind support,100% of the monies raised are being directed to frontline organizations helping survivors recover and rebuild,” the report said.

The Latham & Watkins report spoke directly to concerns over the strategy that, rather than making direct cash grants to affected residents, the funds went to a range of established local nonprofit groups.

“With respect to concerns that individuals did not receive funds directly, FireAid’s corporate formation documents and website explicitly state the purpose of the funds,” they said. “While FireAid itself is not making direct payments to victims, FireAid has disbursed grants to several nonprofit organizations that have provided direct relief — across a broad spectrum of services — to survivors of the fires and their communities. … FireAid’s determination to distribute aid to the verified nonprofit organizations identified through its vetting process, rather than disbursing money directly to individuals, is an approach that FireAid consistently communicated to both the public and donors.”

“Latham has not identified any evidence that funds were given to organizations that were not providing relevant aid nor that funds were being used improperly,” they said. “Though critics have expressed belief that certain organizations were inappropriate grantees, recipients of FireAid funds appear to have used those funds in ways that are consistent with their intended and communicated use.”

A final year-end report is scheduled for Dec. 31 and final audit for, accounting firm KPMG early next year.



This story originally appeared on LA Times

Lossless Audio Feature Arrives at No Extra Cost

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Spotify has announced that it is rolling out its long-awaited lossless audio feature for premium subscribers in 50 markets worldwide. With the new feature, subscribers can stream tracks in up to 24-bit/44.1 kHz FLAC (or CD-quality audio) on “nearly every song available on Spotify,” says a Spotify press release on the matter.

Lossless audio will roll out gradually across the 50 qualifying markets through October. Premium users in Australia, Austria, Czechia, Denmark, Germany, Japan, New Zealand, the Netherlands, Portugal, Sweden, the US, and the UK have already started to get access.

Related

Spotify’s high fidelity listening feature has been a long time coming. It was first announced in Feb. 2021 at the company’s Stream On event and promoted by Billie Eilish and Finneas. Originally, the plan was to roll out high fidelity audio “in select markets later [that] year” according to the original 2021 announcement, but it never materialized. In early 2022, Spotify posted a status update to its community board, stating that HiFi was now on hold. “We know that HiFi quality audio is important to you,” the statement reads. “We feel the same, and we’re excited to deliver a Spotify HiFi experience to Premium users in the future. But we don’t have timing details to share yet. We will of course update you here when we can.”

At the time, many onlookers believed this higher quality listening experience was an opportunity for Spotify to raise prices, which would, in turn, amount to greater profits for the streaming service and more royalties for artists and songwriters. In 2015, Tidal launched a HiFi audio plan for $19.99 a month. In 2019, Amazon did the same by launching Amazon Music HD, a new HiFi tier that offered 50 million songs in 16 bit, 44.1kHz and “millions” more in Ultra HD (24-bit and up to 192 kHz) for an additional cost of $5 per month for existing Amazon Music subscribers.

But the hope for a new, higher-priced tier came to a halt in May 2021 when Apple Music entered the high fidelity race by announcing its “Spatial Audio” tier with Dolby Atmos at no additional cost to its users. Later that day, Amazon Music announced that its HD tier would now also be free for all users.

Related

In 2023, Bloomberg reported that a so-called “Supremium” tier was in the works at Spotify. The tier was intended to be a higher-priced upgrade from its premium offering, likely including special features like lossless audio. To date, it has not come to fruition.

The announcement of its integration of lossless audio comes just weeks after Spotify announced its Mix With Spotify feature, allowing premium users to create DJ-level mixes and transitions between songs in a playlist. The company also recently added the ability to direct message (DM) other account holders.



This story originally appeared on Billboard

Charlie Sheen Speaks Out, Saluting ‘Downton Abbey,’ Olivia Cooke Is ‘The Girlfriend,’ Big Cats on PBS

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Netflix

aka Charlie Sheen

One of Hollywood’s most notorious figures is now seven years sober, and as the centerpiece of a publicity blitz surrounding his new memoir (The Book of Sheen, out this week), Charlie Sheen at 60 consents to an exhaustive interview for a two-part documentary from director Andrew Renzi. He reflects on his meteoric rise, his personal lows (drug and alcohol abuse, a careless predilection for sex workers, getting fired from Two and a Half Men) and how he somehow survived it all. Among the colorful personalities also weighing in: ex-wives Denise Richards and Brooke Mueller, Men costar Jon Cryer, former Hollywood Madam Heidi Fleiss and even his former drug dealer. Expect eyes to open and jaws to drop.

Cast members of 'Downton Abbey: The Grand Finale'

Rory Mulvey/Focus Features/Courtesy Everett Collection

Downton Abbey Celebrates the Grand Finale

They left TV and Masterpiece nearly a decade ago, but the Crawleys of Downton Abbey and their devoted staff of servants have never entirely gone away. With a third and final film in the beloved period franchise opening this weekend, the stars gather at London’s posh Savoy Hotel to reminisce about Downton Abbey‘s past and present, sharing the fondest of memories. You know this is why you’ve been saving that bottle of bubbly.

Waleed Zuaiter, Olivia Cooke, Robin Wright, Laurie Davidson, and Tanya Moodie in 'The Girlfriend' on Prime Video

Christopher Raphael / Prime Video

The Girlfriend

What could be more welcome at midweek than a streaming guilty pleasure? This sleek, sexy melodrama depicts a battle of wills between two femmes fatales: Laura, an icily controlling and fabulously wealthy mother (House of Cards‘ stunning Robin Wright) and the working-class looker named, of all things, Cherry (House of the Dragon‘s scintillating Olivia Cooke), who has captured the fancy of Laura’s adored doctor son Daniel (Laurie Davidson). “This one is … different,” Daniel tells his extremely clingy mom before she meets Cherry, sparking an almost immediate mutual distrust. The story unfolds from both Laura’s and Cherry’s alternating perspectives, showing events from different angles that leave you wondering what really happened. One thing’s for certain: It’s not going to end well. All six episodes are available for a juicy binge-watch.

'Big Cats 24/7' Season 2

Tom Parry / BBC Studios

Big Cats 24/7

Using thermal cameras and drone technology, nature filmmakers take an around-the-clock immersive approach to capturing life among the big cats of Botswana — lions, leopards and cheetahs, oh my — in the second season of the enthralling docuseries. The first two episodes of the four-part series focus on the females of the species, tending to their lion, leopard and cheetah cubs and protecting them from intruders and other predators.

Aidy Bryant in 'Platonic' Season 2 Episode 7

Apple TV+

Platonic

Three is becoming a crowd when Will’s (Seth Rogen) friskiness in the guest house becomes a concern for his best bud Sylvia (Rose Byrne) and too-accommodating husband Charlie (Luke Macfarlane), whose time in therapy has made him more assertive about demanding change. While Will goes home-hunting, he also makes time to help Sylvia with the holiday retirement party she’s planning for Charlie’s law firm, no one expecting the bombshell that’s about to drop. Guest stars include The Office‘s Paul Lieberstein as Charlie’s therapist, whose very name is a joke, and Saturday Night Live alum Aidy Bryant as Sylvia’s potential new client.

INSIDE WEDNESDAY TV:

ON THE STREAM:

  • The Hardacres (streaming on BritBox): A rags-to-riches period family drama from the U.K. follows the fortunes of a working-class Yorkshire clan from the fish docks who unexpectedly come into money and take over a country estate to the chagrin of their new neighbors.
  • Eli’s Places (streaming on ESPN+): Eli Manning travels to Stanford to discuss the impact of Name, Image and Likeness rulings with former Colts QB Andrew Luck, who’s now General Manager of his alma mater Cardinal team. While there, Manning helps walk-on long snapper Alejandro Chavez negotiate his first endorsement deal.
  • Helluva Boss (streaming on Prime Video): Plucked from YouTube, the irreverent adult animated comedy about an assassination bureau from Hell presents its first two seasons, fully uncensored for the first time, along with an original episode.




This story originally appeared on TV Insider

Kamala Harris protection flap shows everything is political

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When Kamala Harris was contemplating a run for California governor, one of her supposed considerations was the security detail that attends the state’s chief executive.

The services of a life-preserving, ego-boosting retinue of intimidating protectors — picture dark glasses, earpiece, stern visage — were cited by more than one Harris associate, past and present, as a factor in her deliberations. These were not Trumpers or Harris haters looking to impugn or embarrass the former vice president.

According to one of those associates, Harris has been accompanied nonstop by an official driver and person with a gun since 2003, when she was elected San Francisco district attorney. One could easily grow accustomed to that level of comfort and status, not to mention the pleasure of never having to personally navigate the 101 or 405 freeways at rush hour.

That is, of course, a perfectly terrible and selfish reason to run for governor, if ever it was a part of Harris’ thinking. To her credit, the reason she chose to not run was a very good one: Harris simply “didn’t feel called” to pursue the job, in the words of one political advisor.

Now, however, the matter of Harris’ personal protection has become a topic of heated discussion and debate, which is hardly surprising in an age when everything has become politicized, including “and” and “the.”

There is plenty of bad faith to go around.

Last month, President Trump abruptly revoked Harris’ Secret Service protection. The security arrangement for vice presidents typically lasts for six months after they leave office, allowing them to quietly fade into ever greater obscurity. But before vacating the White House, President Biden signed an executive order extending protection for Harris for an additional year. (Former presidents are guarded by Secret Service details for life.)

As the first female, first Black and first Asian American vice president, Harris faced, as they say in the protective-service business, an elevated threat level while serving in the post. In the 230-odd days since Harris left office, there is no reason to believe racism and misogyny, not to mention wild-eyed partisan hatred, have suddenly abated in this great land of ours.

And there remain no small number of people crazy enough to violently act on those impulses.

The president could have been gracious and extended Harris’ protection. But expecting grace out of Trump is like counting on a starving Doberman to show restraint when presented a bloody T-bone steak.

“This is another act of revenge following a long list of political retaliation in the form of firings, the revoking of security clearances and more,” Los Angeles Mayor Karen Bass angrily declared.

True.

Though Bass omitted the bit about six months being standard operating procedure, which would have at least offered some context. It wasn’t as though Harris was being treated differently than past vice presidents.

Gov. Gavin Newsom quickly stepped into the breach, providing Harris protection by the California Highway Patrol. Soon after, The Times’ Richard Winton broke the news that Los Angeles Police Department officers meant to be fighting crime in hard-hit areas of the city were instead providing security for Harris as a supplement to the CHP.

Not a great look. Or the best use of police resources.

Thus followed news that officers had been pulled off Harris’ security detail after internal criticism; supposedly the LAPD’s involvement had always been intended as a stopgap measure.

All well and good, until the conservative-leaning Los Angeles Police Protective League, the union representing rank-and-file officers, saw fit to issue a gratuitously snarky statement condemning the hasty arrangement. Its board of directors described Harris as “a failed presidential candidate who also happens to be a multi-millionaire, with multiple homes … who can easily afford to pay for her own security.”

As if Harris’ 2024 defeat — she lost the popular vote to Trump by a scant 1.5%, it might be noted — was somehow relevant.

To be certain, Harris and her husband, attorney Doug Emhoff, won’t miss any hot meals as they shelter in their 3,500-square-foot Brentwood home. (The one house they own.) But they’re not stupid-rich either.

One person in the private-security business told Winton that a certain household name pays him $1,000 a day for a 12-hour shift. That can quickly add up and put a noticeable dent in your back account, assuming your name isn’t Elon or Taylor or Zuckerberg or Bezos.

Setting aside partisanship — if that’s still possible — and speaking bluntly, there’s something to be said for ensuring Harris doesn’t die a violent death at the hands of some crazed assailant.

The CHP’s Dignitary Protection Section is charged with protecting all eight of California’s constitutional officers — we’re talking folks such as the insurance commissioner and state controller — as well as the first lady and other elected officials, as warranted. The statutory authority also extends to former constitutional officers, which would include Harris, who served six years as state attorney general.

Surely there’s room in California’s $321-billion budget to make sure nothing terrible happens to one of the state’s most prominent and credentialed citizens. It doesn’t have to be an open-ended, lifetime commitment to Harris’ protection, but an arrangement that could be periodically reviewed, as time passes and potential danger wanes.

Serving in elected office can be rough, especially in these incendiary times. The price shouldn’t include having to spend the rest of your life looking nervously over your shoulder.

Or draining your life savings, so you don’t have to.



This story originally appeared on LA Times

Candice, Amelia & Daiane Rock ALO’s First Bag Collection

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ALO debuts its first bag collection. Photo: Steven Meisel / ALO

ALO just turned up the heat with its first-ever luxury bag campaign, and the images are pure power pose fantasy. Shot by legendary photographer Steven Meisel, the new visuals star Candice Swanepoel, Amelia Gray, and Daiane Sodré.

The trio is draped over sculptural leather silhouettes, resembling gym goddesses in glistening, second-skin sets. Each shot is a flex in its own right, combining raw athleticism with fashionable polish. These accessories are all about making a statement.

ALO Bag Campaign

Alo bag 2025 campaign02

The collection features four dynamic shapes: the Voyage Duffle, Odyssey Bowler, Tranquility Tote, and Balance Bucket, all handcrafted in Florence using Silver Standard calfskin and suede. Designed in LA, each piece is infused with ALO’s wellness-meets-luxury DNA.

Alo bag 2025 campaign03

Think yoga studio energy wrapped in Italian leather. Every bag comes with an intention-setting crystal, smoky quartz for grounding or citrine for creativity, because of course, your tote should come with good vibes. Rose and clear quartz are coming later this year, too.

Alo bag 2025 campaign04

Whether you’re heading to the airport or just want your Pilates bag to hit different, ALO’s new launch is serving function, fashion, and full-on main character energy.

Alo bag 2025 campaign05



This story originally appeared on FashionGoneRogue

Democrat Senator John Fetterman Slams His Own Party for Embracing Socialism: ‘You Are Morons’ (VIDEO) | The Gateway Pundit

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Screencap of Twitter/X video.

Once again, Democrat Senator John Fetterman of Pennsylvania who suffered a stroke, is coming off as one of the most sensible members of his party.

As Zohran Mamdani rises in the polls for the New York City mayoral race, Fetterman called people in his party ‘morons’ for accepting the ideology of socialism.

He even talks about meeting a person from a socialist country who warned him about the evils of that economic system.

Breitbart News reports:

When asked about a Gallup poll that found that 42 percent of Democrats have a favorable view of capitalism, while 66 percent of Democrats “view socialism favorably,” Fetterman shared how when he was in Croatia, he told people that “some people” in the Democrat Party “are talking about socialism,” and asked people about their thoughts.

“Senator, there’s a Gallup poll that was released that 42 percent of Democratic voters view capitalism favorably, while 66 percent of Democratic voters view socialism favorably. Do you think that’s a messaging issue for Democrats?” a reporter asked.

“Oh, that’s a great, it’s a great question,” Fetterman responded. “I literally was in a former communist nation, and I asked that. I said, ‘Some people in my party, some of the lefties are talking about socialism now. What do you think?’ And he’s like, ‘That’s the worst thing ever. You would never want to live here, I’ve lived through that kind of a thing. You’re going to need a reality check if you ever adopt any of those things. You know, like, you are morons. It’s like, it was a nightmare for us, and now we are a free market nation.’ It was Croatia.”

Watch the clip:

Back in 2008, when Obama was running for president, Democrats would foam at the mouth if you accused them of being socialists. Now, after years of Bernie Sanders preaching to the left about the glories of socialism, they’re completely open about their support of it.




This story originally appeared on TheGateWayPundit

Macron faces deepening French political impasse: But does he do compromise?

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In 2017, he blew up the system. Now, can he keep it together? France’s Emmanuel Macron had never run for public office before becoming president. And for a while, he seemed exempt from the crude reality of political horse-trading. Yet now, the same Macron who reigned supreme when he smashed the big tent centre-left and centre-right parties eight years ago is running out of road in his second term, with his baffling decision last year to dissolve parliament backfiring miserably and an even stronger opposition ousting the 47-year-old president’s second prime minister in under a year on Monday.


This story originally appeared on France24

Gym supplement could offer breakthrough for Alzheimer’s patient

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Creatine, a popular supplement amongst gym enthusiasts for its muscle-building properties, could emerge as an unexpected treatment option for Alzheimer’s patients. Early findings from a new study published in the Frontiers in Nutrition journal reveal that it can help preserve muscle strength and size in Alzheimer’s patients within just eight weeks.

While the impact of Alzheimer’s on mental health is widely recognised, the disease also wreaks havoc on the physical body, either directly or indirectly. Previous studies have suggested that muscular dysfunction could be an early red flag, preceding cognitive decline. Weak muscles, especially in older individuals, can lead to a host of additional problems such as increased risk of falls and injuries, difficulty with daily tasks, stiffness, and pain. These issues are further exacerbated by other symptoms of Alzheimer’s.

Researchers at the University of Kansas hypothesised that improving muscle strength and size could trigger a domino effect, alleviating these secondary issues in Alzheimer’s patients. Creatine, known for enhancing muscle strength and size, could therefore offer a potential solution, allowing patients to maintain more physical capability despite their condition.

However, the impact of creatine on Alzheimer’s patients specifically has never been explored until this pilot trial. The study involved 20 participants, all aged between 60 and 90, who had been clinically diagnosed with probable Alzheimer’s disease.

They were instructed to take daily doses of a 10 gram creatine supplement for a period of eight weeks. At the beginning and end of this period, researchers assessed the participant’s hand grip strength, conducted a lower-body evaluation, and measured muscle size and thickness.

The group reported no signs of withdrawal and on average, participants adhered to the creatine supplementation plan 90% of the time. By the end of the eight weeks, handgrip strength had increased from an average of 33.5kg to 35.5kg.

Hand grip strength is often directly associated with quality of life and mortality risk in older adults as it signifies their ability to be independent and prevent themselves from falling. However, there were no significant changes in BMI, waist circumference or percentage of lean body mass.

In some areas of the body, subcutaneous fat levels decreased and the muscle cross-sectional area increased in the legs for those who underwent the lower body assessment according to News Medical.

Overall, the researchers discovered that taking creatine had modest benefits for the skeletal muscle structure in patients with Alzheimer’s disease. They also suggested that the increased hand grip strength could counteract the accelerated muscle loss these patients typically experience.

The researchers concluded: “This eight-week pilot trial suggests that 20 g/day of CrM may provide modest skeletal muscle benefits in patients with AD. These data provide preliminary evidence to warrant further investigation of the potential for CrM to prevent AD-related decline in muscle function.”

They called for more research into creatine supplements as a possible solution to prevent Alzheimer’s related decline in muscle function. However, they also cautioned that these initial findings should not be seen as conclusive proof due to the small size of the study group and some changes made to the protocol during the study.



This story originally appeared on Express.co.uk

Wegovy-maker Novo Nordisk cutting 9000 jobs in restructuring

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Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5% of its workforce, in a restructuring to save $1.26 billion annually, it said on Wednesday, as it battles rising pressure from US rival Eli Lilly

“Novo Nordisk today announced a company-wide transformation to simplify its organization, improve the speed of decision-making, and reallocate resources towards the company’s growth opportunities in diabetes and obesity,” it said in a statement.

The company, which is also known for its Ozempic diabetes treatment, already said in August that it had implemented a global hiring freeze covering job roles that were not critical for its business.

The offices of Novo Nordisk in Bagsvaerd, Denmark on July 14, 2025. REUTERS

Novo, which currently has 78,400 positions globally, said about 5,000 of the job cuts will be in its native Denmark.

“Our markets are evolving, particularly in obesity, as it has become more competitive and consumer-driven. Our company must evolve as well,” newly appointed CEO Mike Doustdar said in the statement.

“This means instilling an increased performance-based culture, deploying our resources ever more effectively, and prioritizing investment where it will have the most impact – behind our leading therapy areas,” he added.

As part of the restructuring, Novo will report one-off restructuring costs of $1.4 billion in the third quarter, including impairment charges, but also expects $156.9 million of savings in the fourth quarter, it said.

Novo said its operating profit growth this year is now expected at between 4% and 10%, down from between 10% and 16% seen last month, changing solely due to the restructuring costs.

Novo, which became Europe’s most valuable listed company worth $650 billion last year on booming sales of Wegovy, is facing a pivotal moment as the medicine loses market share and sees sales growth slow, especially in the United States.

The company, which is also known for its Ozempic diabetes treatment, already said in August that it had implemented a global hiring freeze covering job roles that were not critical for its business. REUTERS
Novo Nordisk’s new CEO poses for a photo at the company’s headquarters in Bagsvaerd, Denmark on Aug. 7, 2025. ZUMAPRESS.com

It has warned of far slower growth this year, in part due to compounders who have been allowed to make copycat medicines based on the same ingredients as Wegovy due to shortages.

Investors in July wiped $70 billion off the drugmaker’s market value after Novo issued a profit warning and named company veteran Doustdar as its new CEO.

Its shares have fallen nearly 46% since the start of the year, lowering its market value to about $181 billion as of Tuesday’s close.



This story originally appeared on NYPost

Ex-New York boxing commissioner on how the sweet science has changed over the years

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Jabbing with the Commish

Randy Gordon is our former boxing commissioner — and who knew we had a former boxing commissioner — or even a current one.

Randy: “At 10 my right side was burned badly in an explosion. Doctors said I’d never walk again. In a wheelchair for a year. My 10th birthday, my parents pushed me in front of our TV to watch the fights. In ’59, every Friday I’d watch them. I’d imitate the fighters by moving my legs. Six months later, I tried standing for the first time in a year.

“Boxing brought my life back. I went to journalism school, wrote about boxing, announcing it, put my five kids through college with those earnings. Eventually inducted into the Boxing Hall of Fame, back in 1989, Gov. Mario Cuomo made me commissioner of NY State Athletic Commission and that’s my whole story.”

OK, so now, today, who’s the greatest boxer of all time?

“Sugar Ray Robinson.”

Hit in the head so much, boxers seem a little less bright.

“Taken advantage of. They earn hundreds of millions. Easy to overspend on sports cars, homes for friends, girlfriends, jewelry. Spending but not investing. Once, mobs had control. Now cameras, many people, too many watchers. The sport’s cleaner. We tried getting Muhammad Ali, who had dozens of amateur fights, to get medical testing. Hitting on the head is not a good thing.

“There’s also arms. It’s a skill. Trained, they’re not hurt at all. Not cut to ribbons. Noses not broken. No scar tissue. That’s choreographed movie stuff now. In the old days, yes. No more. Today it’s more a ballet.

“I’d like the rounds shortened, under three minutes, and to see they’re cared for financially.”


Listing spied

Itchy to escape Crapdami? Sean Connery’s former Nice, France, estate Villa Roc Fleuri is back on the market. It’s Mediterranean views, rooftop deck, nice Nice views, spa, pool, five bedrooms. Down from $30 mil, now just a low small pitiful paltry poverty-level insignificant shrunken woeful embarrassing teeny $23.5 mil.


Scene & heard

Important news: De Blasio stepped into a porta-potty at a Ditmas BBQ. The door hit him as he waddled in. What occurred inside stays inside . . . Anna Wintour’s newie replacement got a scissor to her paycheck. Only making a shrinking, sinking lousy $250,000 . . . Jerry Nadler, not waddling again for Congress, decided with the missus Joyce and together called pals before calling press. Wonderful that Joyce now has him all alone — just for herself . . . And Kevin Bacon: “When looking for a part I never get a haircut. Sometimes the hair grows to my shoulders. Casting agents would say: ‘What’s with the hippie look?’ Still, superstitious, I’d never get a trim until I got a part.”


HOF gives Fonz two thumbs up

Henry Winkler’s grabbed the TV Hall of Fame last month for playing Fonz on 1970s thing “Happy Days.” Says celeb seer John Cohan: “Doesn’t deserve it. Was a takeoff on the Kookie character from ‘77 Sunset Strip.’ Kookie was a record seller star with that hit ‘Kookie, Kookie (Lend Me Your Comb,)’ which every single person alive remembers.”

Down boys. Even I don’t remember the record — or him. 


Robert Downey Jr: “I crack open the NY Post first thing in the morning and the rest of my day goes downhill.”

Definitely not only in New York, kids, not only in New York.



This story originally appeared on NYPost