Popular shows like “Daniel Tiger’s Neighborhood” will be removed from rivals Netflix and Hulu as Amazon becomes the only premium service to stream them.
Puerto Rico to Default “Even if the commonwealth were to devote every last penny” in its operating account to Friday’s debt payments, “it would still owe holders of the public debt hundreds of millions of dollars,” the island’s Government Development Bank said in a statement. – The Wall Street Journal
S.E.C. Is Investigating SoftBank The U.S. regulator is investigating the Japanese internet and telecommunications giant and its former executive Nikesh Arora, according to a lawyer for disgruntled investors in the company. – The Wall Street Journal
Pershing Square Lays Off EightWilliam Ackman told his staff this week that the cuts of lower-level employees have nothing to do with the poor performance of the hedge fund. Instead, he said, the firm has gotten better in technology and automating tasks. – The Wall Street Journal
Hedge Funds Are the Worst, Study Says Hedge funds provided lower average net annual returns to U.S. pension funds than any asset class except cash, according to a report analyzing $8.4 trillion in defined-benefit plans from 1998 through 2014. – Bloomberg
Deutsche Bank Survey Most staff aren’t proud to work there, the survey found. “The results paint a sobering picture of the mood inside our bank,” John Cryan said in a memo to staff. The bank trades at about a third of its tangible book value. – Bloomberg
Trump’s Hamptons Fundraiser A Florida sugar baron and the founder of the hedge fund Hunter Global Investors are among the the hosts at billionaire investor Wilbur Ross’ home in Southampton on July 9. – Bloomberg
The Many Faces of Alexander HamiltonAfter digging deep into their storage rooms, four New York institutions are showing off what they’ve got related to the country’s new favorite founder. – The New York Times