Business

New Details About Leon Black’s Ties to Jeffrey Eptstein

• Such requests can undermine inclusion efforts they are supposed to promote, imposing personal discomfort and the emotionally taxing work on people who aren’t trained to take it on. “To assume that every Black person has the skills and desire and knowledge for this work is tokenization,” said Michelle Kim of Awaken, a consulting firm that specializes in diversity, equity and inclusion. These and other firms are ready to help companies run programs the right way, with training and advice on setting boundaries and expectations for all involved.

⚖️ The confirmation hearing for Judge Amy Coney Barrett, President Trump’s nominee for the Supreme Court, begins today with opening statements. (Read Judge Barrett’s opening statement here.) She faces questioning from Senate Judiciary Committee members — including Kamala Harris, the Democratic vice presidential candidate — on Tuesday and Wednesday, with outside witnesses testifying on Thursday.

🛍 Amazon Prime Day, postponed from its usual time in July, takes place on Tuesday and Wednesday. The online retailer’s rivals, including Best Buy, Target and Walmart, are holding similar sales events this week in an effort to limit in-store crowds and encourage shoppers to get their holiday purchases in well before Black Friday.

📱 Apple will unveil its latest series of iPhones on Tuesday, promising the first major redesign in years and 5G capability.

💰 Third-quarter earnings season kicks off this week, and all eyes will be on the banks. The Fed has expressed worry about the health of the financial system without fresh stimulus, which will be the main talking point when bank chiefs present their latest results: JPMorgan and Citigroup are first up on Tuesday, followed by Bank of America, Goldman Sachs and Wells Fargo on Wednesday and Morgan Stanley on Thursday.

🗣 Other companies reporting earnings include the airlines Delta on Tuesday and United on Thursday, which will face questions about how deep they might downsize without extra government cash; the health care groups Johnson & Johnson on Tuesday and UnitedHealth on Wednesday, with updates on the progress of Covid treatments; and the French luxury giant LVMH on Thursday, with news of its court battle to get out of the deal to buy Tiffany.

Deals

• Richard Branson’s Virgin Orbit satellite business is seeking to raise up to $200 million, at a $1 billion valuation. (WSJ)

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