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The list of Kanye West’s business partners is growing thinner by the day. Yesterday, the talent agency CAA cut ties with West, who now goes by Ye, and executives at studio MRC are scrapping a completed documentary they made about the rapper. This follows Balenciaga’s move on Friday to end its partnership with Ye.
The growing corporate boycott of Ye is a response to a series of antisemitic comments he made in recent weeks, which echoed centuries-old conspiracies about Jews.
But at least one major company still has a partnership with Ye: Adidas, which has worked with him since 2013. Earlier this month, after Ye lashed out at Adidas on social media, the company said their relationship was “under review”—but has not provided an update following West’s antisemitic remarks.
Adidas is now facing growing backlash for its silence on Ye’s comments. Many pointed out that the German brand should have zero tolerance for antisemitism considering it was founded by a member of the Nazi Party. “The fact that Adidas has not made that simple point is shocking when one considers Adidas’s history as a company that once outfitted the Hitler Youth,” Anti-Defamation League CEO Jonathan Greenblatt told the Washington Post.
Bottom line: Ye’s comments are being used by white supremacists to spew hate. On Sunday, a group hung banners in support of Ye over the 405 freeway in LA, reading in part, “Honk if you know Kanye is right about the Jews.”
The UK has been cycling through prime ministers faster than suburban parents cycle through PBS Masterpiece originals. Next up: new Conservative Party leader Rishi Sunak.
Sunak, a Hindu with British Indian heritage, will be the first person of color to hold the position. And at 42, he’ll also be the youngest appointee since 1812. So what else is there to know about him?
Sunak is the UK’s former finance minister and was the runner-up to Liz Truss the last time the UK got a new prime minister.
He’s a former banker with immense personal wealth. Together, he and his tech heiress wife, Akshata Murty, have an estimated net worth of $830 million: More than Queen Elizabeth II before her death.
This spring, a tax scandal involving Murty almost upended Sunak’s bright political future. By claiming non-domiciled status in the UK, Murty potentially avoided up to $26 million in taxes, per the NYT—a particularly bad look, since Sunak at the time was responsible for setting tax policy.
Sunak is a Web3 guy. This spring, he asked the Royal Mint to create an NFT.
Looking ahead…Sunak faces colossal challenges ahead, especially on rejuvenating the UK’s economy and calming chaotic markets. Plus, his party trails the Labour party in the polls by 30+ points—and many are demanding a new general election.—MK
Stat: If you still have “Shut Up and Dance” still ringing in your ears from a wedding Saturday night, you’re in good company—October 22 was the most popular wedding date of the entire year, according to a study by The Knot. In fact, October is home to three of the five most popular wedding dates in 2022, and 17% of all engaged couples planned to get married in October. Can’t beat the foliage pic potential + mild weather + cheaper venue prices combo, we suppose.
Quote: “It’s full speed ahead across the Atlantic.”
Americans are traipsing around Europe with the fervor of a Cornell junior studying abroad in Barcelona. United’s Chief Commercial Officer Andrew Nocella told the FT that the strong dollar and the prospect of a cheap European vacation resulted in an “incredible” summer season for transatlantic travel. The airline’s revenue for trips between the US and Europe jumped 40% in Q3 compared to the same quarter in 2019.
Read: A college wrestler fought a bear to save his teammate—and won. (Washington Post)