iHeartMedia extended a multi-year deal with Charlamagne Tha God, keeping “The Breakfast Club” and The Black Effect Podcast Network tied to iHeart’s audio distribution and ad stack. Black PR Wire reported the agreement as an extension of an existing relationship that spans broadcast radio, a nationally syndicated morning show with more than 7 million monthly listeners, and a podcast joint venture. The structural importance lies in the control of monetization rails. iHeart keeps a high-volume Black audience and premium talent inside its integrated ad-tech and syndication system, while Charlamagne retains
Nike faces a federal EEOC investigation in Missouri after the Trump administration moved in court on Feb. 4, 2026, to compel information tied to allegations of anti-white discrimination. Documents cited by The New York Times show the U.S. Equal Employment Opportunity Commission, which currently has a 2-1 Republican majority, seeks records on layoffs, hiring, internships, and career programs that it says may have treated white workers and applicants differently. The investigation matters because it tests how far large employers can use demographic targets and race-tracked development programs before regulators reframe
When Simone Biles left a Nike endorsement reportedly worth $1.6 million a month and signed with Athleta in 2021, it shocked the sports world. Biles’ move was not about money but about her values and feeling supported as an individual, Marca reported. From performance marketing to values-first partnership The four-time Olympic gold medalist exited Nike months before the Tokyo Olympics. Athleta, the Gap Inc.-owned activewear brand, offered a partnership structured around collaboration and product development. The deal included direct work with Athleta’s design team and a focus on Athleta Girl,
Pat McGrath Labs, the luxury beauty brand once valued at more than $1 billion, has filed for Chapter 11 bankruptcy protection, as first reported by WWD. The company will continue operating as it restructures its finances, while founder Pat McGrath remains active in high‑profile creative roles across the fashion and beauty industries. A Once Billion-Dollar Brand Faces Financial Strain Founded in 2015 by British makeup artist Pat McGrath, the brand quickly built global acclaim for its bold pigments and runway-inspired artistry. In 2018, Eurazeo Brands invested $60 million for a
Khaby Lame, the most-followed creator on TikTok, has finalized the sale of his core company, Step Distinctive Limited, in an all-stock deal widely reported at around $900 million. The buyer is Rich Sparkle Holdings, a Hong Kong–based firm that also trades in the US as ANPA.US. Under the agreement, Rich Sparkle will hold exclusive operational rights to Lame’s brand for an initial three-year period, while Lame becomes a controlling shareholder in the acquiring company. From Viral Reach to a Single Operating System Lame, who was born in Senegal and raised
Dr. Gladys West, the mathematician whose work laid the foundation for modern GPS technology, has died at the age of 95. She passed away on January 17, 2026, reportedly surrounded by family at her home in Alexandria, Virginia. West’s contributions underpin a technology now embedded in global commerce, aviation, emergency response, and everyday navigation, though her role went largely unrecognized until late in her life. From Virginia Farmland to Federal Research Born Gladys Mae Brown on October 27, 1930, in Dinwiddie County, Virginia, she grew up on a small family
Steven Bartlett, the founder and host of “The Diary of a CEO,” said he hired a candidate with a two-line CV after reading her behavior in the building as a stronger signal than formal experience. Bartlett told Fortune that “much of the reason why I gave her the job was that she thanked the security guard by name on the way into the building.” He framed that moment as evidence of humility, respect, and social awareness, traits he considers difficult to train compared with job skills. During the interview, she
Martin University, Indiana’s only historically Black university, will close permanently after its Board of Trustees voted to cease operations, citing unsustainable finances. The shutdown shows how access-oriented colleges without endowments become structurally dependent on volatile public funding, philanthropy, and enrollment volume. When any one of those inputs weakens, accreditation and creditor obligations can force liquidation, shifting educational infrastructure toward larger institutions with stronger balance sheets. Endowment scarcity turns budget shocks into existential threats. According to The EDU Ledger, Martin’s trustees concluded that the school’s long-standing financial model could not support
Skinbrand Topicals has added WNBA star Angel Reese and Nigerian artist Rema as investors in an undisclosed funding round, as the skincare brand navigates a pullback in institutional capital for consumer startups The round reflects a broader shift in how Black-founded consumer brands are financing growth in a more restrictive venture environment. As traditional investors grow more conservative, founders are increasingly treating distribution, cultural reach, and audience trust as strategic inputs alongside cash. Capital, Control, and the Cost of Growth Since launching in 2020, Topicals has raised more than $22.6
Terra Industries, a Nigeria-based defense technology company, raised an $11.75 million in funding led by Joe Lonsdale’s 8VC [Lonsdale is also co-founder of companies including Palantir Technologies, Addepar, and OpenGov], as it emerged from stealth, according to TechCrunch. The round included Valor Equity Partners, Lux Capital, SV Angel, and Nova Global. Terra previously raised an $800,000 pre-seed round. The company said African investors in the round included Tofino Capital, Kaleo Ventures, and DFS Lab. Terra, founded by CEO Nathan Nwachuku, 22, and CTO Maxwell Maduka, 24, builds autonomous systems to
