Latest news with #Forbes'
New Paper
2 days ago
- Entertainment
- New Paper
Actor-comedian Pete Davidson to perform in Singapore
Get ready for plenty of jokes about sex and relationships when American comedian, actor and writer Pete Davidson holds his first-ever stand-up comedy show at The Star Theatre on September 26. Tickets to the live performance go on sale from Aug 6 at 10am, as part of event organiser Live Nation's pre-sale. The general sale begins on Aug 7 at 10am from Ticket prices have yet to be announced. His upcoming tour will also head to Australia in late September for shows in Perth, Melbourne and Sydney. The 31-year-old is best known for being a cast member on American comedy sketch series Saturday Night Live from 2014 to 2022. He is also the creator, executive producer, writer and star of comedy series Bupkis (2023). Born in New York City, Davidson was named one of Forbes' 30 Under 30 in 2016, and listed among Time's 100 Most Influential People of 2022. He has appeared in films such as Big Time Adolescence (2019), The King Of Staten Island (2020) and Dumb Money (2023). His heist action comedy flick The Pickup, co-starring veteran American actor-comedian Eddie Murphy, premieres on Aug 6 on Prime Video. Over the years, his high-profile dating history has made headlines. He was engaged to singer Ariana Grande, and was in relationships with actresses Kate Beckinsale and Margaret Qualley, as well as reality TV star Kim Kardashian. Since March 2025, he has been dating model-actress Elsie Hewitt. The couple anounced in July they are expecting their first child. Elsie Hewitt (left) and Pete Davidson are seen as the Boston Celtics take on the New York Knicks at Madison Square Garden on May 16, 2025, in New York City. PHOTO: AFP Book It/Pete Davidson In Singapore When: Sept 26, 8pm Where: The Star Theatre, 04-01 The Star Performing Arts Centre, 1 Vista Exchange Green Admission: Tickets will be available at Prices have yet to be announced.
Yahoo
3 days ago
- Business
- Yahoo
Lifeway Foods Acknowledges ISS Recommendation to Reject Dissident Campaign
MORTON GROVE, Ill., July 29, 2025 /PRNewswire/ -- Lifeway Foods, Inc. (NASDAQ: LWAY), a leading U.S. supplier of kefir and fermented probiotic products, today announced that Institutional Shareholder Services Inc. (ISS), a leading independent proxy advisory firm, has recommended that shareholders "DO NOT VOTE" in connection with the ongoing dissident-led consent solicitation. In its report, ISS concluded that "the dissident has not presented a compelling case for change" and advised shareholders to "DO NOT VOTE" on all proposals put forth by Ludmila and Edward Smolyansky and their aligned group. "We appreciate ISS's thorough review and are pleased that their recommendation supports our belief that this consent solicitation is unwarranted, disruptive and not in the best interest of Lifeway shareholders," said Julie Smolyansky, CEO and Chair of Lifeway Foods. The ISS analysis noted that: Lifeway's "financial performance has been directionally positive" and its "share price [has] rallied over the preceding year on multiple positive earnings announcements," with total shareholder return significantly outperforming peers in the Russell 3000 Food Producers Index. The dissident group's critiques "are generally presented without adequate context," and the dissident group "does not clearly establish how various developments have actually impacted shareholder returns." The dissident group "has not presented a plan should it successfully secure a majority of board seats" for governance or operational improvement. The dissident nominees include individuals who previously contributed to governance concerns during their past tenures at the Company. "The Lifeway Board and management team remain focused on maximizing shareholder value and will continue to pursue all opportunities to drive additional value," added Smolyansky. "We encourage shareholders to follow ISS's guidance and take no action on the consent solicitation." About Lifeway Foods, Inc. Lifeway Foods, Inc., which has been recognized as one of Forbes' Best Small Companies, is America's leading supplier of the probiotic, fermented beverage known as Kefir. In addition to its line of drinkable Kefir, the company also produces a variety of cheeses and a ProBugs line for kids. Lifeway's tart and tangy fermented dairy products are now sold across the United States, Mexico, Ireland, South Africa, United Arab Emirates and France. Learn how Lifeway is good for more than just you at Important Additional Information The Company intends to file a proxy statement on Schedule 14A, an accompanying BLUE proxy card and other relevant documents with the U.S. Securities and Exchange Commission (the "SEC") in connection with the solicitation of proxies from the Company's shareholders for the Company's 2025 annual meeting of shareholders. THE COMPANY'S SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE COMPANY'S DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), THE ACCOMPANYING BLUE PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and shareholders may obtain a copy of the definitive proxy statement, an accompanying BLUE proxy card, any amendments or supplements to the definitive proxy statement and other documents filed by the Company with the SEC at no charge at the SEC's website at Copies will also be available at no charge by visiting the "Investor Relations" tab of the Company's website at The Company may file a consent revocation statement, in which case all references to a proxy statement, proxies, proxy cards and solicitation of proxies referenced in this "Important Additional Information" section and the "Participants in the Solicitation" section below shall be deemed to refer to such consent revocation statement, consent revocations, revocation cards and solicitation of consent revocations. Participants in the Solicitation The Company, each of its independent directors (Juan Carlos Dalto, Jody Levy, Dorri McWhorter, Perfecto Sanchez, Jason Scher and Pol Sikar) and certain of its executive officers (Julie Smolyansky, Chief Executive Officer, President and Secretary, and Eric Hanson, Chief Financial and Accounting Officer and Treasurer) are deemed to be "participants" (as defined in Schedule 14A under the Securities Exchange Act of 1934, as amended) in the solicitation of proxies from the Company's shareholders in connection with matters to be considered at the Company's 2025 annual meeting of shareholders. Information about the names of the Company's directors and officers, their respective interests in the Company by security holdings or otherwise and their respective compensation is set forth in the "Information About Our Directors and Executive Officers" section in Part III, Item 10 – Directors, Executive Officers and Corporate Governance of Amendment No. 1 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on April 29, 2025 (the "Form 10-K Amendment"), in Part III, Item 11 – Executive Compensation of the Form 10-K Amendment and in the "Security Ownership of Certain Beneficial Owners and Management" section in Part III, Item 12 – Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters of the Form 10-K Amendment. Supplemental information regarding the participants' holdings of the Company's securities can be found in SEC filings on Statements of Change in Ownership on Form 4 filed with the SEC on June 18, 2025 for Julie Smolyansky (available here) and Eric Hanson (available here) and on July 1, 2025 for each of Pol Sikar (available here), Juan Carlos Dalto (available here), Jason Scott Scher (available here), Dorri McWhorter (available here), Perfecto Sanchez (available here), and Jody Levy (available here). Contact: Perceptual AdvisorsDan TarmanEmail: dtarman@ Derek Miller Vice President of Communications, Lifeway FoodsEmail: derekm@ General inquiries:Lifeway Foods, 847-967-1010Email: info@ View original content to download multimedia: SOURCE Lifeway Foods, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malaysian Reserve
3 days ago
- Business
- Malaysian Reserve
Lifeway Foods Acknowledges ISS Recommendation to Reject Dissident Campaign
MORTON GROVE, Ill., July 29, 2025 /PRNewswire/ — Lifeway Foods, Inc. (NASDAQ: LWAY), a leading U.S. supplier of kefir and fermented probiotic products, today announced that Institutional Shareholder Services Inc. (ISS), a leading independent proxy advisory firm, has recommended that shareholders 'DO NOT VOTE' in connection with the ongoing dissident-led consent solicitation. In its report, ISS concluded that 'the dissident has not presented a compelling case for change' and advised shareholders to 'DO NOT VOTE' on all proposals put forth by Ludmila and Edward Smolyansky and their aligned group. 'We appreciate ISS's thorough review and are pleased that their recommendation supports our belief that this consent solicitation is unwarranted, disruptive and not in the best interest of Lifeway shareholders,' said Julie Smolyansky, CEO and Chair of Lifeway Foods. The ISS analysis noted that: Lifeway's 'financial performance has been directionally positive' and its 'share price [has] rallied over the preceding year on multiple positive earnings announcements,' with total shareholder return significantly outperforming peers in the Russell 3000 Food Producers Index. The dissident group's critiques 'are generally presented without adequate context,' and the dissident group 'does not clearly establish how various developments have actually impacted shareholder returns.' The dissident group 'has not presented a plan should it successfully secure a majority of board seats' for governance or operational improvement. The dissident nominees include individuals who previously contributed to governance concerns during their past tenures at the Company. 'The Lifeway Board and management team remain focused on maximizing shareholder value and will continue to pursue all opportunities to drive additional value,' added Smolyansky. 'We encourage shareholders to follow ISS's guidance and take no action on the consent solicitation.' About Lifeway Foods, Inc. Lifeway Foods, Inc., which has been recognized as one of Forbes' Best Small Companies, is America's leading supplier of the probiotic, fermented beverage known as Kefir. In addition to its line of drinkable Kefir, the company also produces a variety of cheeses and a ProBugs line for kids. Lifeway's tart and tangy fermented dairy products are now sold across the United States, Mexico, Ireland, South Africa, United Arab Emirates and France. Learn how Lifeway is good for more than just you at Important Additional Information The Company intends to file a proxy statement on Schedule 14A, an accompanying BLUE proxy card and other relevant documents with the U.S. Securities and Exchange Commission (the 'SEC') in connection with the solicitation of proxies from the Company's shareholders for the Company's 2025 annual meeting of shareholders. THE COMPANY'S SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE COMPANY'S DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), THE ACCOMPANYING BLUE PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and shareholders may obtain a copy of the definitive proxy statement, an accompanying BLUE proxy card, any amendments or supplements to the definitive proxy statement and other documents filed by the Company with the SEC at no charge at the SEC's website at Copies will also be available at no charge by visiting the 'Investor Relations' tab of the Company's website at The Company may file a consent revocation statement, in which case all references to a proxy statement, proxies, proxy cards and solicitation of proxies referenced in this 'Important Additional Information' section and the 'Participants in the Solicitation' section below shall be deemed to refer to such consent revocation statement, consent revocations, revocation cards and solicitation of consent revocations. Participants in the Solicitation The Company, each of its independent directors (Juan Carlos Dalto, Jody Levy, Dorri McWhorter, Perfecto Sanchez, Jason Scher and Pol Sikar) and certain of its executive officers (Julie Smolyansky, Chief Executive Officer, President and Secretary, and Eric Hanson, Chief Financial and Accounting Officer and Treasurer) are deemed to be 'participants' (as defined in Schedule 14A under the Securities Exchange Act of 1934, as amended) in the solicitation of proxies from the Company's shareholders in connection with matters to be considered at the Company's 2025 annual meeting of shareholders. Information about the names of the Company's directors and officers, their respective interests in the Company by security holdings or otherwise and their respective compensation is set forth in the 'Information About Our Directors and Executive Officers' section in Part III, Item 10 – Directors, Executive Officers and Corporate Governance of Amendment No. 1 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on April 29, 2025 (the 'Form 10-K Amendment'), in Part III, Item 11 – Executive Compensation of the Form 10-K Amendment and in the 'Security Ownership of Certain Beneficial Owners and Management' section in Part III, Item 12 – Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters of the Form 10-K Amendment. Supplemental information regarding the participants' holdings of the Company's securities can be found in SEC filings on Statements of Change in Ownership on Form 4 filed with the SEC on June 18, 2025 for Julie Smolyansky (available here) and Eric Hanson (available here) and on July 1, 2025 for each of Pol Sikar (available here), Juan Carlos Dalto (available here), Jason Scott Scher (available here), Dorri McWhorter (available here), Perfecto Sanchez (available here), and Jody Levy (available here). Contact: Perceptual AdvisorsDan TarmanEmail: dtarman@ Derek Miller Vice President of Communications, Lifeway FoodsEmail: derekm@ General inquiries:Lifeway Foods, 847-967-1010Email: info@
Forbes
3 days ago
- Business
- Forbes
AI Fears Become Reality In The Tech Industry
This is a published version of Forbes' Careers Newsletter. Click here to subscribe and get it in your inbox every Tuesday. Fears of AI taking over jobs is already becoming a reality in tech. Fears of artificial intelligence costing people their jobs are already proving to be true. Or at the very least, CEOs are now admitting to the technology's impact as AI-related layoffs ramp up, especially in the tech industry, reports Forbes' Richard Nieva. Fiverr CEO Micha Kaufman is just the latest to say out loud that AI is already a threat to all kinds of jobs—including his. In an April memo to his 1,200 employees, he wrote: 'AI is coming for your jobs. Heck, it's coming for my job too.' 'I hear the conversation around the office. I hear developers ask each other, 'Guys, are we going to have a job in two years?'' Kaufman tells Forbes now. 'I felt like this needed validation from me—that they aren't imagining stuff.' He joins the likes of Andy Jassy at Amazon, Anthropic's Dario Amodei and Shopify's Tobi Lutke in admitting that AI will replace humans in white-collar jobs, some going as far as predicting a 'white-collar bloodbath.' The impacts are already being felt, particularly for young coders and entry-level workers. The total number of employed entry-level developers from ages 18 to 25 has dropped 'slightly' since 2022, after the launch of ChatGPT, said Ruyu Chen, a postdoctoral fellow at the Digital Economy Lab of Stanford's Institute for Human-Centered AI. But not everything can, or should, be automated just yet. Take the buy-now-pay-later firm Klarna, for example, which last year slashed its workforce by 40% in part to the company's investments in AI. A year later, it launched a massive recruiting push for human customer service agents. 'We have noticed that in a world where everything is automated,' Klarna spokesperson Clare Nordstrom told Forbes, 'people put a premium on the human experience.' Happy reading, and hope you have a lovely week! WORK SMARTER Practical insights and advice from Forbes staff and contributors to help you succeed in your job, accelerate your career and lead smarter. Why mastering 'systems-thinking' skills could protect your job from AI. What to do when someone is hired above you. Amid all the hype, here's why you may not need an AI agent. TOUCH BASE News from the world of work. Looking for lower costs, different lifestyles and less toxic politics, more Americans are considering retiring abroad. In its annual Best Places To Retire Abroad, list, Forbes ranked the 24 countries and 96 spots that could make the most sense for retirees looking outside the U.S. Beloved office snacks might soon be a thing of the past, thanks to Congress. Despite luring workers back into the office with the promise of free food, employers will no longer be able to deduct the cost of the food they provide for their employees as part of President Donald Trump's Big Beautiful Bill. The only exceptions: restaurants and the Alaskan fishing industry. One seemingly innocuous kiss cam at a Boston Coldplay concert has caused quite the workplace drama at tech startup Astronomer, pushing the company into the internet's spotlight. Former CEO Andy Byron stepped down after being caught embracing chief people officer Kristin Cabot at the concert, while the company's cofounder and chief product officer Pete DeJoy has stepped up as interim chief executive. More than half of U.S. companies are looking to pare back on health benefits as weight loss spending soars, according to Reuters. Increased cost sharing means employers could raise deductibles or maximum out-of-pocket costs, or even look beyond traditional pharmacy benefit managers, which act as middlemen between patients and insurers. NUMBER TO NOTE 9.3% VIDEO Could Tesla's Board Oust Elon Musk? QUIZ What bank joined JPMorgan and Goldman Sachs in cracking down on junior bankers accepting early private equity job offers? A. Bank of America B. Barclays C. Citi D. Morgan Stanley Check if you got it right here.
Forbes
3 days ago
- Business
- Forbes
Corporate Offices Targeted In Deadly NYC Shooting
This is a published version of Forbes' Careers Newsletter. Click here to subscribe and get it in your inbox every Tuesday. New York City Mayor Eric Adams said the now-deceased shooting suspect likely targeted the NFL's ... More office in Blackstone's building. A shooting in New York City's Midtown neighborhood shocked working Manhattanites on Monday evening. The shooter, who police identified as 27-year-old Shane Tamura, killed four—including a Blackstone executive and an NYPD officer who was working security in the building—before taking his own life. Here's what we know about the Blackstone executive: Wesley LePatner was the CEO of the Blackstone Real Estate Income Trust (BREIT), the company's real estate fund that totals more than $53 billion in property. LePatner joined the firm in 2014 after working for more than a decade at Goldman Sachs. New York City Mayor Eric Adams said the shooter was likely targeting the offices of the National Football League, which share a building with Blackstone. It's not the first corporate shooting in the streets of Manhattan in recent memory. In December, UnitedHealthCare CEO Brian Thompson was shot outside a company meeting. That shooting led a number of companies to increase private security for their executives, with many security firms seeing an influx of business requests from the ultra-wealthy. Some are also scrubbing executives' personal information from the internet, using online services to remove phone numbers, addresses and children's names, according to DeleteMe CEO Rob Shavell. Now onto the rest of this week's news. WORK SMARTER Practical insights and advice from Forbes staff and contributors to help you succeed in your job, accelerate your career and lead smarter. How to decide whether you should go freelance or wait for a full-time job after getting laid off. If you love your industry but feel stuck in your current position, here's how to transition into another role. Interns: Don't forget to say thank you as your program comes to an end. And if you're negotiating your first full-time offer, here's how to do so without settling for less. TOUCH BASE News from the world of work. Inflation is outpacing earnings for almost half of Americans, according to Indeed. While purchasing power increased for a majority of U.S. residents last year, low- and middle-income earners are suffering the most. Jean Hynes started her career at Wellington Management as an administrative assistant after graduating from college in 1991. Now, she's CEO of the $1.2 trillion asset manager and is heading the company as it partners with Blackstone to bring private assets to the masses. Federal workers will now be allowed to discuss and promote their religion in the workplace and challenge the 'correctness' of religious views held by others, according to a new memo. It's a sharp departure from previous policies regarding religious freedom among federal staff, though it's unclear if the memo will be challenged in court. An Arizona woman was sentenced to more than eight years in prison for her role in helping North Korean remote workers pose as Americans in order to work for U.S. businesses, generating over $17 million to contribute to the North Korean weapons program. Shake Shack's founder is now a billionaire, thanks mainly to the fast food chain's strong financials and rapid expansion. But before he started the joint known for its burgers, shakes and crinkle-cut fries, Danny Meyer started Union Square Cafe and made a name in fine dining. Astronomer's chief people officer Kristin Cabot resigned last week after a video of her embracing former CEO Andy Byron at a Coldplay concert went viral. Just two days later, the company posted a video announcing Gwentyh Paltrow as a 'temporary spokesperson.' NUMBER TO NOTE 33% VIDEO Meet The Former Electrical Engineer Student Now Known As The Best-Dressed Man On TikTok QUIZ What do C-suite executives debate the most, according to a new survey from Forbes Research? A. Return-to-office mandates B. Technology investments C. Management philosophy D. Communications and PR strategy Check if you got it right here.
