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US probe on Mark Walter focused on four intermediaries, WSJ says | Fortune 0
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- August 16, 2026
US federal investigators probing Mark Walter are focused on four entities that acted as intermediaries for loans issued by the Guggenheim Partners chief executive’s insurance companies to other companies also within his business empire, the Wall Street Journal reported. Federal prosecutors and the Securities and Exchange Commission are looking into whether Walter or the businesses
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Owning the Lakers would provide billionaire investor Joshua Kushner with an iconic sports franchise — and a ‘powerful tax shield’ | Fortune 0
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- August 16, 2026
Thrive Capital founder Joshua Kushner and former Disney CEO Bob Iger stunned the sports world this week with a deal to buy the Los Angeles Lakers for a record $12.5 billion. If approved, the acquisition would provide the new owners with an iconic NBA franchise that boasts 17 championships as well as ties to legends
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Iran’s oil is trapped while rivals’ exports from the Persian Gulf are poised to surge, but Tehran could do whatever it takes to break the chokehold | Fortune 0
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- August 16, 2026
The U.S. can’t fully reopen the Strait of Hormuz, and Iran can’t stop every ship from transporting oil through narrow waterway. At the same time, the U.S. is preventing Iran from exporting its crude supplies or importing critical goods, while American forces grapple with munitions and readiness issues. The result has been a stalemate where
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Covert mideast oil flows are keeping global prices in check | Fortune 0
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- August 16, 2026
Middle Eastern oil producers are pressing ahead with shuttling large volumes of crude out of the Persian Gulf, helping keep a lid on prices and assuaging fears of an energy-driven inflation spike, even as the Iran war drags on. The trade of ferrying oil through the Strait of Hormuz undetected to transfer the barrels onto
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‘It was like a godsend’ — GLP-1 drugs show promise against hormonal disorder that causes constant weight gain and forces women to shave facial hair | Fortune 0
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- August 16, 2026
Charlotte Touzalin was still a young teenager when she began struggling with weight gain, abnormal periods and unwanted facial hair — the same puzzling symptoms that plagued her mom for decades and that no doctor could piece together. “I’d go home and I’d cry,” said Touzalin, an 18-year-old college student from Colorado. “I didn’t understand why all
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Meet the self-made billionaire who bought a nearly bankrupt company off Warren Buffett for $1,000 and turned it into a $85 billion giant | Fortune 0
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- August 16, 2026
A small investment made at the right moment has the power to launch ordinary people to millionaire status. All it took was $1,000 and an out-there idea for Jeffrey Sprecher, the founder and CEO of Intercontinental Exchange, to set his business on a path to becoming a $85 billion behemoth. “I had this idea that
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