For a look inside Creative Artists Agency, the author has simply organized more than 700 pages of raw interviews in more or less chronological order.
Hillary Clinton has emerged as Wall Street’s favorite candidate. “If she’s going to do anything, she’s going to do it with knowledge of the industry, and of the players in the industry,” said Thomas Nides. “People in the industry may not like it, but it will be done based upon at least a modicum of intelligence.” – The New Yorker
Prospect Capital: the enemy within. Why does a company with under a $3-billion market capitalization arouse the passion usually reserved for disputes over so-called battleground stocks like Herbalife or Tesla Motors? – Southern Investigative Reporting Foundation
Valeant earnings may indicate if it can correct course. Valeant Pharmaceuticals will report its quarterly earnings on Tuesday, providing new clues about how and whether the company can climb out of its current morass. One focus will be on how Joseph C. Papa, Valeant’s new chief executive, plans to reduce the company’s debt to avoid possible violations of its covenants in 2017, according to David Maris, an analyst at Wells Fargo Securities. There is also speculation that Valeant will again reduce its earnings forecasts for 2016, having done so twice already. Mr. Papa was named chief executive in late April, replacing J. Michael Pearson, who had built Valeant through serial acquisitions and aggressive price increases on old drugs. But the once high-flying company fell to earth starting last fall as concerns arose about those price increases, the high debt from all those acquisitions and Valeant’s once-secret relationship with a mail-order pharmacy. Valeant faces various federal investigations and its stock has fallen more than 90 percent from its peak a year ago. – Andrew Pollack
Iger to discuss Disney’s third-quarter results. It was the Disney earnings call that sent shock waves through the media industry: One year ago, Robert A. Iger, Disney’s chief executive, acknowledged that fewer people were subscribing to ESPN as part of a traditional cable package, starting a panic about the future of television. Disney’s stock has since fallen 20 percent. So, when Mr. Iger again takes the mike on Tuesday to discuss its fiscal third-quarter results, all eyes will be on ESPN. Insight into Disney’s latest thoughts about piping its television networks to consumers over the internet is hoped for.
Wall Street will also be paying attention to Disney’s theme parks. How is the new Shanghai Disneyland doing? How strong is Disney World in Florida, where an alligator attack led to negative headlines? Are safety fears (especially after the nightclub shooting in Orlando) taking any toll? – Brooks Barnes