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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

Down 8.3% in a day! What on earth’s going on with the Burberry share price?

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Image source: Getty Images

Up until 9.30am Tuesday (9 September), the Burberry Group (LSE:BRBY) share price was heading in the right direction. The luxury fashion house’s shares were changing hands for 1.9% more than they were when the market opened. But then everything changed. By the time the London Stock Exchange had closed its doors, the stock had fallen 8.3%. From peak to trough, that’s a swing of more than 10%.

Why?

Big falls like these are usually triggered by a broker downgrade or a disappointing earnings release. Neither of these happened.

In fact, it appears the cause of the drop was, according to Bloomberg, “cautious comments” made by company representatives at an international conference. Exactly what was said isn’t clear. But stock exchange rules require market sensitive information to be released first to shareholders via the official Regulatory News Service. I therefore suspect something has been lost in translation or misinterpreted. Or perhaps investors are being overly cautious.

On the up

Whatever the truth, the fall is particularly disappointing given that the share price has been on a strong rally. It’s done so well — even after today’s fall, the stock’s changing hands for 110% more than it was in April — the group will be re-joining the FTSE 100 on 22 September.

By coincidence, that’s the same day on which Burberry will be showcasing its latest collection during London Fashion Week. It will be interesting to see how the brand’s promise to return to its roots will be received by journalists and other industry experts. To try and reverse falling sales, the company implemented a turnaround plan ‘Burberry Forward’. The underlying principle is to focus on outerwear which is seen as its core strength.

But there’s nothing the group can do to reverse a global slowdown in the luxury fashion market. Instead, it needs to concentrate on getting its own house in order by designing products that customers want to buy, even though many of them are apparently experiencing a squeeze in their incomes.

No need to panic

Of course, savvy investors know not to read too much into short-term price movements, especially those over the course of one day. However, the group’s next scheduled stock exchange announcement isn’t until 13 November. That’s when the group plans to release its interim results. It’s going to be a long wait for anxious shareholders.

But I remain optimistic. A return to the top-flight of UK companies means more funds can invest in the stock. And I think there are a number of reasons why they might want to consider doing this.

The Asia-Pacific region remains the group’s biggest market. And although economic growth for most countries in the territory has slowed recently, the majority are growing faster than any in the West.

Burberry’s clothing and accessories aren’t cheap (that’s the point of a luxury brand) but they’re not ultra expensive. I think this gives it an advantage over some of its rivals.

It’s also recently returned to The Lyst Index of “hot brands“. It’s compiled using data on product searches, global social media mentions and engagement statistics over a three-month period. This suggests the turnaround plan is working.

Recoveries are rarely smooth. Yesterday’s a good example of this. But on balance, I think Burberry’s still a stock for long-term investors to consider.



This story originally appeared on Motley Fool

$16 billion Twilio CEO warns: If you say ‘I’ too much in the interview you don’t get the job

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Previously, we’ve heard from a CEO who rejects job candidates who say they can start right away and another who won’t hire anyone who fails his coffee-cup etiquette test. Now, Twilio’s CEO says there are two more ways to tank a sit-down interview.

Picture this: You’ve spent weeks polishing your resume, navigating multiple rounds of interviews, and finally, you land a 45-minute dinner with the boss. You think you’ve won him over. Then he asks, “Do you have any questions for me?”

If your answer is a blank stare or “Nope, I’m fine,” consider yourself on thin ice.

“The number one red flag for me is when someone doesn’t ask questions towards the end of an interview,” Twilio CEO Khozema Shipchandler exclusively tells Fortune, while adding that most interviews for senior hires will go on for 45 minutes over dinner. 

“For all of them, in the last 15-to-20 minutes, I give them an opportunity to ask questions—and if they don’t have any, I think that’s a pretty significant mark against them being curious about what they’re interviewing, the company, the way we might work together, chemistry, culture, all of those things. That’s a pretty big red flag.”

And before that, even if you have lots of questions up your sleeve, there’s one word he’s listening out for throughout the interview that could cost you the job: Using “I” a lot in conversation.  

It’s perhaps surprising, as job seekers are often encouraged to avoid using “we” too much, as it can sound passive. But leading every anecdote with “I” or “when I was in charge of” can actually backfire. Shipchandler says it signals you’re not a team player—or a real leader.

“I don’t really think that demonstrates leadership particularly well. What I do is easy because people are supposed to listen to me. I can bark orders and ideally they follow them,” he explains. “But the hard leadership is when you’re not in charge. How do you get people, through data, passion, charisma, persuasion, to get people to do things? I really try to test for that.”

3 questions to ask hiring managers instead of drawing blank

It can be awkward when the hiring manager asks, “Do you have any questions for us?” because more often than not, there’s nothing left to cover. The usual topics—like what the job actually entails and how many days you’re expected to show face in the office—tend to arise naturally early on during the interview. 

But even if you’re applying to a junior role and interviewing with a hiring manager or recruiter, instead of the CEO, not mustering up the effort to think of anything to ask can still cost you the job. 

Meta’s former global head of talent, and current chief people officer at the creative agency Figure 8, Jenn Bouchard, told Fortune that it’s a deal-breaker because it signals disinterest.

“An interview is a two-way experience,” she added. “And so as much as I’m getting to know the candidate, I also want them to be curious about getting to know the role, the company, the culture, even the team that they might be walking into.”

Sweaty palms and drawing blank can get the best of us. So instead of relying on thinking of something great on the spot, it’s a good idea to have some questions up your sleeve to impress the hiring manager, Bouchard insisted. These are a few questions that have wowed her in past interviews: 

  • What’s the hardest problem that you’re trying to solve? What has the team not been able to solve? And why do you think that is?
  • What are the top three strengths of the team? And how will this person add to the strengths of that team? 
  •  What has the leadership team recently implemented based on employee feedback?

Other tests to look out for over dinner: The salt shaker, the waitress and pricey menu items  

Shipchandler’s far from the only boss to opt a dinner setting for the final interview stages. He says it’s generally reserved for senior hires whose resume ticks all the right boxes.

“They’ve already got all the qualifications at that point. The question is, is there chemistry? Are we going to work well together?,” he says, adding that he’s testing what you’re like off the clock.

“It’s got to be fun too, not just all business,” Shipchandler adds. “What are their outside interests? No judgment from me, obviously, but can we have a conversation about that too?”

But be warned: When the interviews moves to the dinner table, bosses start paying attention to more than just your words, recruiters told Fortune they’re assessing your personality—and it’s not just what you say, that job seekers should be cautious about. 

Other things CEOs could be testing you for over the course of the meal include how quickly you order, whether you wait for others to sit before sitting down to eat, and the price of the items you order. 

One boss won’t hire anyone who salts their food before tasting because it apparently highlights a lack of patience.

Meanwhile, a aconsultant revealed on X that he even knows a CEO who would take candidates for breakfast and secretly ask the servers to mess up their order “to see how they’d react.”

“Most people can fake it through a normal interview,” @patricklencioni added. “Interview in a way that brings out true colors.”

Are you a manager who has a unique way of testing prospective employees? Fortune wants to hear from you. Get in touch: Orianna.Royle@fortune.com

Fortune Global Forum returns Oct. 26–27, 2025 in Riyadh. CEOs and global leaders will gather for a dynamic, invitation-only event shaping the future of business. Apply for an invitation.



This story originally appeared on Fortune

Chlamydia vaccine approved for koalas | World News

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A chlamydia vaccine has been approved for use on koalas, which scientists hope will stop the sexually-transmitted disease killing the endangered species.

The single-dose vaccine is ready to be used across Australia – in wildlife hospitals, clinics, and in the field.

Chlamydia accounts for as many as half of all wild koala deaths.

Both the male and female marsupials can contract the disease via mating or close contact, causing urinary tract infections, blindness, infertility, and often death.

Infected koalas can be treated with antibiotics, but this can prove equally fatal, as they risk killing the gut bacteria that allows them to eat eucalyptus leaves – their main source of food – which ultimately leads to starvation.

But after more than a decade of research, a team of scientists at the University of the Sunshine Coast in Queensland hopes the injection will reduce deaths in the wild by at least 65%.

“It offers three levels of protection – reducing infection, preventing progression to clinical disease, and in some cases, reversing existing symptoms,” Professor Peter Timms, an expert in microbiology at the university, said.

Read more from Sky News
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Koalas were classified as endangered in the Australian states of Queensland, New South Wales, and the Australian Capital Territory in 2022.

The national koala monitoring programme estimates only 95,000 to 238,000 are left in those areas, with a further 129,000 to 286,000 in the states of Victoria and South Australia.

In parts of Queensland and New South Wales, chlamydia infection rates have stayed at around 50% and have been as high as 70%.

The population is also threatened by habitat loss caused by climate change and bushfires, the World Wide Fund for Nature says.

As a result, the Australian government has invested £37m into saving them from extinction.



This story originally appeared on Skynews

Poland says it shot down Russian drones that violated its airspace : NPR

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This image made from video shows airplanes parked at Chopin Airport in Warsaw, Poland, Wednesday, Sept. 10, 2025.

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WARSAW, Poland — Poland said early Wednesday that it and its NATO allies had shot down Russian drones that violated Polish airspace in what it called an “act of aggression” as Russia launched aerial attacks on Ukraine.

Polish Prime Minister Donald Tusk wrote on social media that “Last night the Polish airspace was violated by a large number of Russian drones. Those drones that posed a direct threat were shot down.”

Poland’s armed forces were on a heightened state of alert overnight Tuesday and early Wednesday because of what they described as “further massive airstrikes against targets located in Ukraine.”

Defense Minister Władysław Kosiniak-Kamysz wrote on X that “more than 10 objects” crossed into Polish air space and those that constituted a risk to Poland’s security were neutralized. He thanked NATO Air Command and The Royal Netherlands Air and Space Force for supporting the action with F-35 fighter jets.

Bernard Blaszczuk, mayor of the village of Wyryki in Lublin region, told TVP Info that a house was hit by “either a missile or a drone, we don’t know yet”. He said people were inside the building but nobody was hurt.

The Polish armed forces said Wednesday morning that a search for possible crash sites is ongoing and urged people not to approach, touch or move any objects they see, warning that they may pose a threat and could contain hazardous material.

Warsaw’s Chopin Airport suspended flights for several hours, citing the closure of airspace due to military operations.

EU says drones may have been intentionally flown into PolandEuropean Union foreign policy chief Kaja Kallas said that early indications suggest the drone incident was intentional.

“Last night in Poland we saw the most serious European airspace violation by Russia since the war began, and indications suggest it was intentional, not accidental,” Kallas said in a statement.

The EU’s top diplomat said that she is in contact with NATO and Poland’s foreign minister and following developments.

“The EU stands in full solidarity with Poland. Russia’s war is escalating, not ending. We must raise the cost to Moscow, strengthen support for Ukraine, and invest in Europe’s defense,” she said.

In a post on social media, NATO chief spokesperson Allison Hart said that “numerous drones entered Polish airspace overnight and were met with Polish and NATO air defenses.” Hart said later that the military organization’s 32 national envoys will discuss how NATO at a pre-planned meeting.

Poland says Russian objects have entered its airspace before Poland has complained about Russian objects entering its airspace during attacks on Ukraine before.

In August, Poland’s defense minister said that a flying object that crashed and exploded in a cornfield in eastern Poland was identified as a Russian drone, and called it a provocation by Russia. In March, Poland scrambled jets after a Russian missile briefly passed through Polish air space on its way to a target in western Ukraine, and in 2022, a missile that was likely fired by Ukraine to intercept a Russian attack landed in Poland, killing two people.

Russian attacks hit central and western UkraineUkraine’s Air Force says Russia fired 415 strike and decoy drones, as well as 42 cruise missiles and one ballistic missiles last night.

Ukrainian air defences intercepted or jammed 386 drones and 27 cruise missiles, according to the report.

“At least eight enemy UAVs crossed Ukraine’s state border in the direction of the Republic of Poland,” the Air Force message said.

Russian drones injured three people in Ukraine’s western Khmelnytskyi region, its head Serhii Tiurin wrote on Telegram early Wednesday morning. He said a sewing factory was destroyed, a gas station and vehicles were damaged, and windows in several houses were blown out.

One person was killed and one injured in Zhytomyr region overnight, regional administration head Vitalii Bunechko wrote on Telegram, while homes and businesses suffered damage.

In Vinnytsia region, Russian drones damaged “civilian and industrial infrastructure,” according to regional head Natalia Zabolotna. Nearly 30 residential buildings were damaged and one person was injured.

In Cherkasy region, several houses and a power grid were damaged in a Russian attack. In Zolotonosha district, a shock wave destroyed a barn killing two cows, regional head Ihor Taburets wrote on Telegram.

The Russian Defense Ministry said in its morning report on Wednesday that it had destroyed 122 Ukrainian drones over various Russian regions overnight, including over the illegally annexed Crimea and areas of the Black Sea.

Kyiv anxious over Russia-Belarus military drillsJoint military drills involving Russian and Belarusian troops are due to take place in Belarus starting Friday and will last until Sept. 16.

Troops from both countries will simulate repelling an attack, including airstrikes and sabotage, according to official reports of the games, dubbed “Zapad 2025,” or “West 2025.”

The aim is to showcase the close links between Moscow and Minsk, as well as Russian military might, amid its 3½-year-old war in neighboring Ukraine.

The war games have drawn concerns in Kyiv and its Western allies of Latvia, Lithuania and Poland, which border Belarus. When Russian President Vladimir Putin sent troops rolling into Ukraine on Feb. 24, 2022, many of them crossed from Belarus.



This story originally appeared on NPR

LeToya Luckett Shares Magical Greece Getaway With Husband Taleo

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Instagram/@letoyaluckett

A magnificent European cruise has lately seen LeToya Luckett and her husband, along with close friends, celebrating life. The former Destiny’s Child girl posted a heartfelt note, awestruck by an unforgettably amazing trip on Virgin Voyages. Happy viewers invaded the comments section to shower the couple with love and admiration, who seemed very happy being together.

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LeToya Luckett is living her best life-a life she won’t ever keep hidden! The singer and actress recently returned from an amazing trip to Greece alongside her husband, Taleo Coles, and friends. The Insta-post was an explosion of pure joy, with the beautiful picture taken late night on the ship’s deck being captioned: “Greece, you stole our hearts this week. We shall return…soon.”

This picture spells an oxymoron of a calm, beautiful memory. LeToya slinks elegantly on the deck of the Resilient Lady, her face half turned towards the ocean, with the ship’s name printed faintly on a lifebuoy-barely visible unless looked at very carefully. The starry night and the serene sea did well to complete the scenery on their side and hugged gently around the character of her relaxed vibes, especially when read in tandem with the caption. She made sure to shout-out: “Love y’all for life!!” to fellow travelers, her brother Lester, and a lady named Doris, but that is somewhat small compared to the shout-out to her man “love of my life @taleo47.”

What really hit home was the new-found real happiness. The comments section turned into a celebration of LeToya’s personal journey. One fan summed the collective feeling perfectly: “Y’all know how there are certain ppl that you’re just genuinely happy for??? Toya is one of those ppl for me. You deserve this love and this life!!!!!” Support just poured in from all sides like this. Another person put: “I sound like a broken record but I don’t care. I’m SOOOO GLAD you’re happy now and thriving in life, mama…you deserve it.”

A commenter who had actually been aboard the very ship stopped in to recall, “I enjoyed every freaking second spent with you and @taleo47! Thanks for the laughs and the dances! I’ll always have that crazy hot tub story ready for our next rendezvous!” LeToya replied playfully, promising to track him down for more dancing anytime. Setting the scene: fun, carefree vacation with amazing company.

Speaking of personal enjoyment, the blur of comments that followed veered into the topic of LeToya’s career, showing just how long some fans have tracked her march through time. “Latoya I saw you in this movie called I thought my wife was dead baby girl…You do real good work a great actress,” said one user, touching on her more recent film endeavors while the others cherished all her signature styles alike, one noting, “One thing Letoya gonna do is take pictures and eat some good food 😋 I’m here for it.”

Regardless of anything else that was said, however, there appeared to be a prevailing belief that LeToya deserves to have a happy life for everything that has happened. “Happiness looks good on you both,” is what they say, and they are a “beautiful” couple. One supporter even prayed for the couple: “I Pray 🙏🏾 While That Star 💫 Is There That This Relationship Last forever & Ever God Bless You Both.”

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LeToya’s Greece getaway-ranked as something more than a mere vacation-was a public display for a life that encompasses love, adventure, and serenity. It was a time shared between her fans who have witnessed her evolution from a chart-busting singer into a fulfilled wife and globe-trotter. The journey is over, but the good vibes surely remain. Among those who shared their thoughts, there were mentions of a dramatic scene resembling the dramatic tales that often unfold during such vacations.



This story originally appeared on Celebrityinsider

Dan Brown Net Worth 2025: How Much Money Does He Make?

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This guide provides details about Dan Brown‘s net worth in 2025, including the sources of his earnings. He is a widely recognized figure in the literary world, having produced numerous books that have found considerable success. Moreover, some of his books have been adapted into other forms of media. His bibliography has primarily focused on treasure hunts and dealt with themes of cryptography, art, and conspiracy theories.

Here is Dan Brown’s current net worth explained.

What is Dan Brown’s net worth in 2025?

Dan Brown has an estimated net worth of $USD 172 million in 2025.

Brown’s net worth in 2025 primarily consists of earnings from his work as an author. It also includes earnings from a music and teaching career.

Brown is most famous for creating the Robert Langdon novel series, which currently includes six books: Angels & Demons, The Da Vinci Code, The Lost Symbol, Inferno, Origin, and The Secret of Secrets. The former two and Inferno were adapted into a film series starring Tom Hanks as Langdon. Meanwhile, The Lost Symbol was adapted into a TV series, where Langdon was played by Ashley Zukerman.

What does Dan Brown do for a living?

Dan Brown is an author. He has also worked as a teacher and musician.

Most recently, Brown released the latest installment in his Robert Langdon novel series, The Secret of Secrets.

Dan Brown’s earnings explained — how do they make money?

Dan Brown earns money from his work as an author, musician, and teacher.

Author

Brown has published multiple novels. These include standalone works as well as works that are part of a series. His most famous novels are the aforementioned Robert Langdon series. As of 2012, his books have been translated into 57 languages and have sold over 200 million copies.

Musician

Brown pursued a composing and singing career following his graduation from Amherst College. He produced a children’s cassette, SynthAnimals ― which included tracks like “Happy Frogs” and “Suzuki Elephants” ― and formed his own record company. He self-published a CD called Perspective in 1990 and moved to Hollywood the following year to follow a singing-songwriting career.

Later, in 1994, he released a CD called Angels & Demons, which included songs like “Here in These Fields” and “All I Believe.” He also developed a symphonic work, “Wild Symphony.”

Teacher

Brown has also worked as a teacher. He taught Spanish at Beverly Hills Preparatory School (via SoftSchools). He later taught English at Phillips Exeter and Spanish to 6th, 7th, and 8th graders at Lincoln Akerman School.



This story originally appeared on Realitytea

53% undervalued with an 8% yield, is this UK share worth considering for passive income?

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Image source: Getty Images

Faced with geopolitical turmoil, trade tariff shocks and inflation, 2025 hasn’t been the best year for UK companies, even though their shares haven’t done too badly.

Surprisingly, most stocks on the FTSE 100 have weathered the storm fairly well. The index is up approximately 11.5% this year, outperforming previous years and even creeping ahead of the S&P 500.

Still, not all constituents have contributed to the growth. Advertising giant WPP (LSE: WPP) is currently the worst-performing stock on the index, down 51.9% year to date. That’s a staggering collapse for a company once considered one of Britain’s corporate crown jewels.

So what went wrong, and can it recover?

Taking a closer look

WPP was once the largest advertising agency in the world but has endured a torrid 12 months. The company has cut its global workforce by around 6% as it struggles with weak client spending and the rapid rise of artificial intelligence. The situation was compounded by the loss of major clients including Coca-Cola, Paramount and Mars — a triple blow to its reputation.

Leadership has also changed. Cindy Rose, a seasoned Microsoft executive, took over as chief executive on 1 September, replacing Mark Read. Investors will be hoping her digital experience can revitalise the group.

On the numbers front, things look bruising. The shares are estimated to be trading at 53% below fair value, which on paper screams opportunity. But pre-tax profit plunged 71% to £98m in the first half of its financial year. For a group of this size, that sort of earnings collapse is hard to ignore.

Recovery potential

Despite the gloom, there are some glimmers of hope. WPP has increased its annual investment in artificial intelligence to £300m, signalling a serious effort to catch up with industry disruption. If it can find a way to integrate AI into its operations and client services effectively, there’s a chance of a turnaround.

As with any struggling business, there are risks. A failure to win back major clients, further weakness in advertising budgets and continued disruption from AI could all weigh heavily on performance. There’s also the possibility that dividends will be cut further, which could reduce income and harm investor confidence.

But if not, then the dividend remains the key attraction for income-focused investors. Even though the group recently halved its interim dividend from 15p to 7.5p per share, the yield only dropped slightly from 10% to around 8%. On the face of it, that still looks tempting. 

Yet if the final dividend is cut in a similar fashion, forecasts suggest the yield could fall below 6% in 2026. That would significantly dent its passive income potential.

Final thoughts

For investors who believe in a turnaround story and are willing to take on some risk, there could be an opportunity here. However, it’s also worth stressing that new investors may find future dividends underwhelming compared to current projections.

WPP is in a difficult position, no doubt about it. Yet the combination of a depressed share price, a still-attractive yield and a new CEO with digital expertise makes the stock intriguing. For income hunters, it might not be the most secure option, but value investors could find something to like. 

Whether it recovers or not remains uncertain — but for brave investors, I think it’s still worth considering.



This story originally appeared on Motley Fool

Man’s parents helped him snatch their grandson from his ex, officials say

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The father and grandparents of a baby who was taken from the arms of his mother after an attack outside a store over the weekend — prompting an Amber Alert in Southern California — could face multiple felony charges, according to the Los Angeles County Sheriff’s Department.

The department said in a written statement that the case would be presented to the Los Angeles County district attorney’s office. Prosecutors will consider filing multiple criminal charges against the three suspects including kidnapping and assault with a deadly weapon.

The suspects, identified as 20-year-old Dragan Antonescu; his father, Viorel Illie, 48; and his mother, Marioara Illie, 40, were arrested in Winslow, Ariz. about eight hours after an Ambert Alert was issued. The three will be extradited back to Los Angeles County, though the timing of that has not been announced.

“The victim’s child’s return to California is being coordinated by the Los Angeles County Department of Children and Family Services,” the Sheriff’s Department said.

The alleged incident occurred Sunday when investigators were notified about a kidnapping in the parking lot of a Target in the 17700 block of Colima Road in City of Industry.

Investigators determined that, shortly before 11 a.m., the suspects approached the mother of the child and family members who were with her and began to assault her as they forcibly removed the baby from her arms.

“Antonescu produced a knife, threatened the victim and her family, and fled the location with the child in a gray colored Toyota Sienna minivan,” the statement read.

The child’s mother suffered minor injuries during the assault and was taken by ambulance to a hospital.

Fearing for the child’s safety, investigators requested that the California Highway Patrol issue an Amber Alert to enlist the public’s help in locating the child. Additionally, investigators reached out to law enforcement agencies in Arizona, according to the statement.

“The Arizona Department of Public Safety located the vehicle in the city of Winslow, Arizona, where Antonescu and his parents were arrested,” the statement read. “The unharmed child was rescued and placed into protective custody by Arizona authorities.



This story originally appeared on LA Times