Good morning. Oeo Kiyani was destroyed last September when a shareholder activist Quentin Caffeine of Politan Capital managed to push Ciani off the Board of Massimo in his two -year battle, Medo-technology company he founded and built over 36 years. When Kiani retired as CEO, I assumed the billionaire entrepreneur would focus on quests beyond the public eye.
Not so much. Kiani will be named CEO of this morning As labs with mindA small company that develops innovative video technologies for the entertainment industry, among other things. He was co-founded after buying another company based in the company Quebec that created the basic technology that says it will now be the basis for some major product launches. He will continue to work on some lateral investments, but this marks his first return to CEO – though in a company with three dozen people or approximately 1% Massimo’s staff.
Why pull in the spotlight after such a bruise on the public battle? “I spent a few months thinking about it,” he told me yesterday. “I just want to build products. I have these ideas in my head about how I see the world.” Massimo’s basic product is a pulse oximeter that invented Kiani.)
Kiani has some advantages this time. One is Bob Chappec, the first Disney The Chief Executive Officer who supported him as a member of the Massimo Board and joins the new board. He also has resources, record and majority ownership, noticing “I will not make the same mistake twice”.
You have lessons to share from the battle in Massimo? “Do your best. I’ve never seen an activist get in and do a good job for the company,” he said. Massimo’s shareholders may disagree as the share price has risen by about 45% since Kiani resigned on September 19 – although he fell in a fight against proxy and has declined since the beginning of the year. “I’m not sorry that I tried.”
Contact CEO every day via Diane Brady on diane.brady@fortune.com
Top news
Trump announces new tariffs
On Monday, President Donald Trump announced a new round of tariffs – 40% for Myanmar and Laos, 30% for South Africa, 25% for Kazakhstan, Malaysia, Japan and South Korea, between 14 countries in all– to take effect on August 1. The US Stock Exchange has dropped as a result.
Markets do not understand this seriously
Global markets were up this morning, indicating that Trump’s letters are not understood as seriously as his announcement on the Day of Liberation on April 2. The deadline of August 1 (re -pushed back), the fact that each letter was a copy of the form and that they end with the line “these tariffs can be modified up or down, depending on our relations with your country”, all suggests that this process of negotiating a tariff is far from finished. “It seems to be a wasted effort to analyze every post on Trump’s social media, when investors understandably expect future withdrawals,” UBS analyst Paul Donovan told clients in the note this morning.
Quote to the day:
“If you go through the details, I don’t even know if anyone understands the difference between what was announced today, which was there before, and whether it would actually be implemented, and in which companies affect Trivariate Adam Parker, Adam Parker, said to CNBC.
Trump continues with arms shipments in Ukraine: “Putin was unusual”
The president also wants to squeeze Germany to send more defensive weapons. The move suggests that relations between Trump, Putin and Zelenski have changed radically, with Kiev being on the rise and Moscow in the house. “They (Ukrainians) should feel better than they have at any time during the Trump presidency”, ” Source familiar with White House discussions told Axios. “Putin was unusual.”
Elon Musk faces a tough battle to create “America Fun”
The richest man in the world faces Many legal obstacles to get its proposed new third party of the ballot. He will have to collect thousands of signatures and coral hundreds of volunteers. He has the money to do it, of course. And then here is the history. Third parties are generally unsuccessful in the winning elections: Ross Perot’s presence on the 1992 ballot threw the election for Bill Clinton, and the Green Party vote in 2000, probably beneficial to George W. Bush for Al Gore. Since Musk seeks revenge against Trump, it can be all he wants.
Hypothetical presidency with double feeding
Pressure from the Trump administration to interest rates reduction continues to be built against Federal Reserve President Jererom Powell. WealthJason Ma describes As the role of Powell as a board of Governors of the Fed and chairman of the Federal Open Market Committee can lead to a divided presidency.
Markets
- The future of S & P. This morning they were up to 0.12%. S&P 500 The index lost 0.79% yesterday. South Korea Kolpi This morning it was 1.81%. Hong Kong Hang Seng increased 1%. China CSI 300 increased by 0.84%. Japan Nikei 225 increased by 0.26%. UK FTSE 100 was flat in early trading. Bitcoin Sitting at 108k USD. Stoxx Europe 600 Was marginally in early trading.
By analysts
- Deutsche Bank of Fed: “Peter Navarro wrote in a submarine that Cair Powell’s policy causes” acute financial pain “to US households and that if Powell does not voluntarily adjust the course, the board must act decisively to prevent further economic damage.”
- Placer.ai on consumer shopping: “In June 2025 in demand for consumers pending rising tariff prices. After Jira Petak.
- Goldman Sachs of S&P 500: “We Raise Our 3-, 6-, and 12-Month S&P 500 Return Forecasts to +3% (6400), +6% (6600), And +11% (6900). Earlier and Deeper Fed Easing and Lower Bond Yields Than We Previous exp. Fundamental strength of the largest stocks, and investors’ willingness to look through likely near-term Earnings Weakness Support Our Revised S&P 500 Forward P/E Forecast of 22x (20.4x).
Around the water
Richard “SEC” Easteland, 74-year-old Camp Mistik owner, died while running security campers during fatal floods by Dave Smith and Fortun Intelligence
Social Security Sends Incorrect – Multi that says that “big beautiful account” is completing taxes on the benefits – here’s what is actually changing by Alicia Adamcik
Trump donor 250kg in crypto, after someone pretended to be Steve Vitkoff, allegedly sent eerie is convincing – by Ashley Lutz and Fortun Intelligence
AI can make someone rich: Mark Cuban says it can turn “only one basement friend” into a trillionaire from the lake in Sydney
Chef founder Bojardi sold the brand for $ 6 million in 1946 – Construction has just sold it for $ 600 million to a private capital company from Preston Fort
Chief Executive Officer Daily is made up and edited by Eyoi Abrams and Jimim Edwards.
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