StoneX Intends to Acquire Units of Bank Mired in US Drug Claims
StoneX signed a letter of intent to purchase Intercam Advisors Inc. and Intercam Securities Inc. from Intercam Holdings Inc., according to a statement. The units are Miami-based affiliates of the Mexican firm, according to the company's website.
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Can Diddy's Career Survive His Verdict? What the Music Industry Is Saying
Sean 'Diddy' Combs scored a major legal victory this week as he managed to avoid the most serious of the sex trafficking and racketeering allegations in his criminal trial, leaving those in the music business questioning how an industry with a notoriously murky past in handling abusive behavior is going to move forward. 'I'm tired of living in a world where money, power, misogyny and patriarchy continues to win,' Tiffany Red, a prominent music industry advocate and a close friend of Cassie Ventura's wrote on Instagram after the verdict went out Wednesday. More from The Hollywood Reporter Kelly Clarkson Postpones Opening Night of Las Vegas Residency Shortly Before Showtime Young Noble, Member of Tupac Shakur's Outlawz Rap Group, Dies at 47 Mark Snow, 'The X-Files' Theme Song Composer, Dies at 78 The chances of Combs' image itself being significantly rehabilitated seems slim, given that violent, abusive behavior was caught on camera and aired to millions of people around the world. And Combs still faces a litany of civil suits that will continue to follow him for the foreseeable future. Whatever career he has to return to comes with a significant asterisk. It's early to know what, if any opportunity would even be possible for Combs in the future. Combs faced weeks of brutal testimony from witnesses including Ventura and Kid Cudi, and his acquittal came from what observers are calling an overreach from the prosecution on his charges. He was denied bail Wednesday, keeping him jailed through his sentencing in October. And his two transportation to engage in prostitution convictions could carry a maximum 20-year sentence, though his official length of punishment is unclear. Prison time aside, Combs likely will never hold any of the same mainstream appeal or success he had before the allegations surfaced. But if there's a business where besmirched image may not disqualify you from some level of return, insiders say, it'd be music. Despite years of attempted cultural shifts in the post #MeToo era, the fear of retaliation over these issues still looms large in the music business. Seven different executives who spoke with The Hollywood Reporter for this article all requested anonymity citing fear of retaliation or a desire to protect their relationships in the industry. 'He's a monster. And the reality is the music industrial complex has protected him for decades,' says one music entrepreneur who spent many years in the major label system. Adds one longtime communications executive who has worked with several major entertainment companies: 'The music industry is lawless, and people have very short memories,' she says. 'Artists are given license. Rock and roll has always been a dirty game, it's always been sex, drugs and rock and roll. You've always had bad boys and bad behavior. It was glorified, it wasn't punished. It's built into the roots of the business.' Indeed the music business, perhaps even more than the broader entertainment industry, has a spotty history with how it handles controversies among its stars and high-powered executives. While the commercial results vary, there are few artists who've been completely blacklisted from the business following allegations of abuse or bad behavior . Chris Brown pled guilty to assaulting ex-girlfriend Rihanna back in 2009, an infamous case that tarnishes Brown's reputation to this day. And despite numerous criminal and civil allegations of violent behavior — including an arrest in England back in May over an incident where he hit a producer over the head with a tequila bottle — he remains one of the most popular artists in the business, releasing eight major label albums since then (all of which have debuted in the top-10) and currently selling out stadiums in his ongoing tour. After CAA dropped Kanye West as a client following the controversial rapper's first antisemitic meltdown in 2022, he managed to find new representation for bookings with 33 & West before that booking agency decided to drop him earlier this year when he started saying his hateful remarks again. Seven women — including indie superstar Phoebe Bridgers — came forward to the New York Times in 2019 about allegations of retaliation against Ryan Adams if they spurned his sexual advances, with the singer denying the allegations at the time and issuing an apology in 2020. Adams is certainly less popular now, though he's still securing tour dates, including at an upcoming show at Nashville's famed Ryman Auditorium in August. 'Who can you point to in the industry who has actually been banished for their behavior,' the communications executive asks. 'Russell Simmons still goes out to music industry events warmly greeted by his peers. Chris Brown is selling out arenas, Marilyn Manson is still playing shows. There's R. Kelly maybe, but it only happened after he was put in prison.' The communications executive says Combs will be a 'pariah' for the foreseeable future, and she doesn't expect he will meaningfully come back as an artist or producer, but adds she believes the industry 'will conveniently come back if they think he can make them money.' 'I have no faith that in my career there's going to be another #MeToo movement, I think it's over,' the executive says. 'What else would it take?' Another prominent record label founder, who said he's 'always had very good dealings with Puffy,' says he doubts Combs could re-establish a career in branding like he had with Diageo, but he hadn't ruled out Combs' chances with a music company. 'Will he have a career after this? Not sure. I guess you have to determine what the prison length is,' the label head says. 'I think he's gonna be sort of persona non grata for a few years but then, if you can provide hits and find talent, it's the record business. That's fair game, all's fair in love and war. I would never count him out, but he's certainly not going to be embraced for at least the foreseeable future.' Several others aren't so confident. 'I do not think the court of public opinion will be forgiving,' Ann Olivarius, a prominent attorney focused on sexual harassment and women's rights, said in a statement Wednesday. 'The damage to Diddy's reputation is real, and demonstrates that the world is watching and survivors matter even if their abusers are powerful.' One female music executive said that while Combs 'can keep putting out music, [having] a career with a caring audience, he won't have that anymore.' 'And you shouldn't have that anymore,' she says. 'Will you really have admiration, superfans and love? I don't think so. But crazier things have happened, look at Michael Jackson. I don't know if people will stream [Diddy]. But new music, I'm sure he'll have a story to tell.' One hip-hop and R&B executive says Combs was 'over the hill' in his popularity before the allegations began to surface. That coupled with the gruesome video will keep him out of any relevancy going forward, he says. 'Where do you go after you have a video that comes out of you beating your girlfriend on a hotel floor in front of an elevator,' the A&R says. 'Chris Brown was much younger, and people are soon to forget. I don't know where he goes from here. Hopefully he has to stay in prison for a few years at least. Because if he doesn't, I feel like it's almost going to be right back to where it was. He might be more careful about it, right? But he's still gonna be that guy.' However the courts rule for Combs' eventual sentencing, many in the business see the Combs case as just one issue that reflects wider systemic issues in the industry. How that's been handled to this point hasn't inspired much confidence. 'Far too many people are guilty of corruption and abuse in the music industry,' Red wrote on Wednesday, 'but very few are exposed, and almost none are held accountable.' Best of The Hollywood Reporter From 'Party in the U.S.A.' to 'Born in the U.S.A.': 20 of America's Most Patriotic (and Un-Patriotic) Musical Offerings Most Anticipated Concert Tours of 2025: Beyoncé, Billie Eilish, Kendrick Lamar & SZA, Sabrina Carpenter and More Hollywood's Most Notable Deaths of 2025
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Peabody Energy (BTU) Soars After Support From Tax and Spending Bill
The share price of Peabody Energy Corporation (NYSE:BTU) surged by 13.19% between June 26 and July 3, 2025, putting it among the Energy Stocks that Gained the Most This Week. A coal miner in a thick protective suit and helmet drilling for coal under bright lights. Peabody Energy Corporation (NYSE:BTU) is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Peabody Energy Corporation (NYSE:BTU) soared after the American coal sector received a boost this week following the passage of President Trump's sweeping tax and spending bill, which mandates at least 4 million additional acres of federal land be made available for mining. Moreover, the legislation allows producers of metallurgical coal, like Peabody, to claim an advanced manufacturing production tax credit available for critical minerals. In addition, the 'Big Beautiful Bill' has also reduced the royalties that coal companies must pay the government for mining on public lands. While we acknowledge the potential of BTU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None.
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Borr Drilling (BORR) Shoots Up After Securing Deals Worth Millions
The share price of Borr Drilling Limited (NYSE:BORR) surged by 15.3% between June 26 and July 3, 2025, putting it among the Energy Stocks that Gained the Most This Week. A modern offshore drilling vessel navigating the seas with equipment mounted on its decks. Borr Drilling Limited (NYSE:BORR) is a premier offshore shallow-water drilling contractor dedicated to providing exceptional drilling services to the global oil and gas industry. Borr Drilling Limited (NYSE:BORR) shot up this week after it was announced that the company has secured a batch of deals for four of its jack-up rigs in the Middle East, Southeast Asia, and Mexico. The new contracts have a combined duration of approximately 1,300 days and an estimated contract revenue of over $129 million. Borr Drilling Limited (NYSE:BORR) has now secured 13 new commitments so far in 2025, equating to 3,010 potential contract days and $366 million in potential contract revenues, including firm periods and priced options. While we acknowledge the potential of BORR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None. 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
