McDonald’s Corp. $MCD has finalized a confidential settlement with Allen Media Group, ending a $10 billion discrimination lawsuit filed by media mogul Byron Allen. The complaint alleged that McDonald’s systematically excluded Black-owned media companies from its primary advertising channels by operating a segregated ad-spend structure, thereby violating federal and California civil rights laws. Filed in the U.S. District Court in California, the case gained traction in late 2023 after Judge Fernando Olguin declined to dismiss the suit. The court found plausible evidence suggesting McDonald’s maintained separate marketing budgets—one for the general market and another for “targeted” Black audiences. This dual-tier structure, the court noted, could constitute discriminatory allocation of corporate resources.

Shares of easyJet plc $EZJ.L fell sharply during Friday’s session on the London Stock Exchange, extending a prolonged period of negative momentum for the low-cost airline. As of June 13, 13:26 GMT+5:30, the stock traded at 537.6 GBX, marking a drop of 21.2 points or 3.79% from the previous close of 558.8 GBX. The latest decline highlights a persistent bearish trajectory across short- and medium-term timeframes, despite the stock’s modest positive return over the past 12 months. Market sentiment remains fragile, with investors reacting to both sector-specific headwinds and company-level underperformance.

Sun Pharmaceutical Industries Ltd. $SUNPHARMA.NS, India’s largest drugmaker, announced a significant reshuffle at the top level: Kirti Ganorkar, head of its domestic operations since 2019, will become Managing Director starting September 1. The move reflects a calculated succession strategy aimed at reinforcing leadership depth and operational resilience across its global network. Ganorkar’s elevation marks a pivotal shift from founder-centric management to institutional leadership, a transition increasingly common among large-cap Indian corporations navigating global expansion, regulatory complexities, and innovation pressure.