Entertainment Post

The Short-Lived Romance of Hollywood’s A-Lister Leonardo DiCaprio and Supermodel Gigi Hadid is Over

Supermodel Gigi Hadid and Hollywood heartthrob Leonardo DiCaprio reportedly split after a year-long romance that shocked the entertainment industry. The couple’s relationship had fizzled out, and Hadid had made the decision to end things, according to a source in her camp.

Given the widespread media coverage the couple received after being spotted together in September 2022 at New York Fashion Week, the news of the split comes as a shock to many. Fans of DiCaprio and Hadid were thrilled to see them together, but it appears that their relationship didn’t last long.

According to the source, Hadid had not seen DiCaprio in some time and had made up her mind that she was “done” with him. The insider added that the priorities and stages of life of the two celebrities are very different. DiCaprio continues to devote a lot of time to his acting career, while Hadid is preoccupied with being a mother.

The insider emphasized that their romance was never serious despite the buzz surrounding it. The two famous people appeared to be simply enjoying each other’s company, but their hectic schedules and disparate priorities ultimately caused their relationship to end.

Fans of DiCaprio and Hadid will undoubtedly be disappointed by the news, but they will also be hoping that the two celebrities can move on and find happiness in their respective professional and personal lives.

As one of the most well-known actors in Hollywood, Leonardo DiCaprio has a long history of high-profile unions, including those with actors Blake Lively and Toni Garrn, models Gisele Bündchen and Bar Refaeli, and models Blake Lively and Gisele Bündchen. Hadid, meanwhile, has previously been linked to a number of well-known men, including Tyler Cameron and musician Zayn Malik.

Read also: Cherishing Memories: Grandfather Steps in to Accompany 5-Year-Old to Valentine’s Day Event

But Were They Really Together?

The last time the couple was spotted out in public together was in November after they both left the same New York City restaurant.

Prior to their brief relationship, Hadid had a child with ex-One Direction member Zayn Malik in 2020, but they split in October of the following year. Meanwhile, DiCaprio had just ended a four-year relationship with model and actress Camila Morrone.

In late December, the Oscar winner was spotted with actress Victoria Lamas, but sources claimed that he was indeed still seeing Hadid at the time. Pictures also surfaced of DiCaprio sitting next to 19-year-old model Eden Polaniv at an album release party for model Riley Montana, but it was denied that the two were dating. The source claimed that just because DiCaprio was sitting with a girl didn’t mean that they were in a relationship.

While their brief romance may have ended, both DiCaprio and Hadid are sure to continue to captivate their fans with their talents and personal lives. As for their future relationships, only time will tell who they will choose to be with next.

Gigi Hadid

Gigi Hadid is one of the most sought-after supermodels in the world today. Born on April 23, 1995, in Los Angeles, California, Hadid first rose to fame when she was discovered by Paul Marciano, the co-founder of Guess, at the age of two. She began modeling for Baby Guess and continued to model for the brand until she was 10 years old.

After taking a break from modeling to focus on her studies, Hadid returned to the industry in 2011 and quickly became a rising star. In 2014, she made her debut at New York Fashion Week, walking for Desigual, and has since walked for some of the most prestigious fashion brands in the world, including Chanel, Marc Jacobs, and Versace.

Besides her modeling career, Hadid has also marked her name in the fashion industry as a designer. In 2015, she collaborated with Tommy Hilfiger to launch a clothing line, and in 2016, she created her own collection with the brand. The collection was a huge success, and Hadid became the face of the brand.

Hadid has also made a name for herself as a social media influencer, with over 72 million followers on Instagram. She is known for her unique style and has been regarded one of the best-dressed celebrities by numerous fashion publications.

In her personal life, Hadid has been linked to several high-profile celebrities, including former One Direction member Malik, with whom she shares a daughter. The couple split in October 2021, but they continue to co-parent their daughter.

Hadid is also known for her philanthropic work. She has been an ambassador for UNICEF since 2016 and has used her platform to raise awareness about important social issues, including the refugee crisis.

Read also: Yasmine Motarjemi’s 12-Year Battle Against Nestle for Bullying Ends in 2 Million Francs Compensation

Leonardo DiCaprio

Leonardo DiCaprio is one of the most well-known faces in Hollywood, known for his incredible acting skills and commitment to environmental activism. Born on November 11, 1974, in Los Angeles, California, DiCaprio began his acting career in the late 1980s, appearing in a number of television commercials and small roles in television shows.

His breakout role came in 1993 when he starred in the movie “This Boy’s Life” alongside Robert De Niro. The following year, he starred in the critically acclaimed movie “What’s Eating Gilbert Grape,” which bagged him his first ever Academy Award nomination for Best Supporting Actor. DiCaprio continued to impress audiences and critics with his performances in movies like “The Basketball Diaries,” “Romeo + Juliet,” and “The Man in the Iron Mask.”

However, it was his role as Jack Dawson in the 1997 blockbuster movie “Titanic” that made him an international superstar. The movie became one of the highest-grossing movies of all time, and DiCaprio’s performance earned him his second Academy Award nomination, this time for Best Actor.

Over the years, DiCaprio has continued to be one of the mostly demanded actors in Hollywood, starring in movies like “The Departed,” “Inception,” “The Wolf of Wall Street,” and “Once Upon a Time in Hollywood.” He has secured nominations for six Academy Awards in total and won his first Oscar for Best Actor in 2016 for his performance in “The Revenant.”

Beyond his acting career, DiCaprio is also known for his commitment to environmental activism. In 1998, he made the Leonardo DiCaprio Foundation, which is dedicated to supporting and promoting environmental causes. He has used his platform to raise awareness about climate change, deforestation, and other important environmental issues.

Photo: Billboard

Cherishing Memories: Grandfather Steps in to Accompany 5-Year-Old to Valentine’s Day Event

Five-year-old Austyn Woolverton recently made a touching request to her grandfather that has since touched the hearts of many people all over the world.

Austyn invited her grandfather to join her for Valentine’s Day at a local “Daddy-Daughter Date Night.”

A community recreation center in Papillion, Nebraska called Papillion Landing organizes a special Valentine’s Day activity every year to give fathers and daughters a chance to bond.

A video of the exchange that Austyn’s mother, Kelsey Woolverton, posted on TikTok has received over two million views since then and went viral. People all over the world have been moved by the touching incident, which has been interpreted as a representation of the unbreakable bond between a father and his daughter.

Austyn, however, was unable to attend the event without her father, so her date night would differ from that of the other girls there. When she was just 18 months old, Michael “Mike” Woolverton passed away. Kelsey claims that Michael passed away as a result of a fentanyl-related drug overdose.

Austyn’s love for her father endures despite his passing. Her request to take her grandfather along to the Daddy-Daughter Date Night has turned into a touching reminder of the love between a father and his daughter and the value of cherishing those we love while we still have the chance.

“She really doesn’t have memories of him, but from the very beginning we have talked about him,” Woolverton said.

“It was kind of just always something that we talk about, like we talk about the weather.”

Read also: Yasmine Motarjemi’s 12-Year Battle Against Nestle for Bullying Ends in 2 Million Francs Compensation

Father-Daughter Bond

The widely shared video of Austyn’s request has also contributed to greater awareness of the dangers of drug addiction and its devastating effects on families.

As the video continues to spread, it has served as a source of inspiration for people around the world to appreciate the love of their fathers and daughters, and to never take a single moment for granted. 

While Austyn’s father may not have been physically present, his love and memory continue to live on in the hearts of those he left behind, and his legacy will continue to inspire others for years to come.

Undeterred, Austyn decided it was time to ask her grandpa to be her special date for the night. She even drew a picture for him before making the invitation, which was captured on video by her mother, Kelsey Woolverton.

In the video, Austyn can be heard asking to her grandfather in a soft voice, “There’s a Valentine’s dance. But we need our dad to go.” She then added, “My daddy’s not going to go. Will you go with me?”

The touching moment has since gone viral on social media, with the video garnering more than two million views on TikTok. The heartwarming exchange has touched the hearts of people around the world, many of whom have left comments expressing their admiration for Austyn’s strength and resilience.

“There’s a Valentine’s dance. But we need our dad to go,” she asked her grandfather, then added, “My daddy’s not going to go. Will you go with me?”

Heartfelt Love

“She is usually not that emotional about her father passing and so it just kind of struck us all with surprise that she eloquently asked him that way,” mom Kesley Woolverton stated. “I had no idea she would put that together that she needed her dad to go, but he wouldn’t be there.” 

The video depicts Guenther’s delighted response to his granddaughter’s invitation, as he exclaimed, “I would love to!”

“It breaks my heart that Austyn will grow up without her dad,” Guenther said in an interview with Fox News Digital. “I feel blessed that Austyn and I have this bond and I can be there for her when her dad can’t.” 

According to Kelsey Woolverton, the father of Austyn may be gone, but his memory still remains.

“He was a fuller-than-life person. Full of joy [and] loved people,” she stated. “[He] was never serious, almost to a fault.” 

Austyn’s mother, Kelsey Woolverton, revealed that after her husband’s death, she and her daughter moved from Oklahoma to Nebraska to live with her parents while she pursued hairstyling school. 

During the year-and-a-half they lived with her parents, Austyn and her grandfather grew very close. The two bonded over watching Nebraska Cornhuskers football games and attending a game together. 

Guenther is also a regular attendee at Austyn’s soccer games, where he cheers her on from the sidelines. In addition to praising Guenther for his support of Austyn, he also acknowledged Woolverton’s positive parenting skills, which the viral TikTok video did not show.

Read also: Discover the Magic of Nutella: From Pizza to Crepes and Everything in Between

Wonderful Job 

“She has faced one of the hardest things anyone can ever go through and has done a wonderful job [of] raising Austyn and keeping Austyn’s dad alive in their hearts,” he stated.

Woolverton experienced a sense of being inundated in a positive way by the responses of TikTok users after sharing the video.

“I guess I didn’t realize how many people have lost their dads or don’t have a dad in their life until the video came out,” Woolverton stated. “That has been inspiring to me just to know that I’m not alone, and they’re not alone in our situation.” 

She added: “It makes me really thankful for what I do have and what Austyn has.” 

Austyn and her grandpa went to the Valentine’s Day dance on February 8th.

Photo: Fox

Yasmine Motarjemi’s 12-Year Battle Against Nestle for Bullying Ends in 2 Million Francs Compensation

A Vaud, Switzerland court has ordered Nestle, the multinational food and beverage behemoth, to compensate Yasmine Motarjemi, a former manager, for 2 million Swiss francs ($2.2 million).

The choice was made following a 12-year legal conflict in which Motarjemi asserted that she had been the victim of bullying at the business.

As the leader of Nestle’s global food safety division, Motarjemi had long complained that Nestle staff had treated her with contempt and denigration. According to reports, the psychological harm she endured was so severe that she was forced to apply for an occupational disability pension at the age of 55.

The size of the settlement Motarjemi was given by the Vaud court demonstrates the seriousness of her claims.

Additionally, it serves as a reminder to businesses that they have a duty to ensure that their employees have a safe and healthy work environment and that any form of bullying or harassment is unacceptable and will not be tolerated.

Although Nestle has not yet responded to the choice, the company is probably closely observing the situation and weighing its options.

Regardless of the outcome, the case has drawn attention to the problem of workplace bullying and its serious repercussions, and it serves as a reminder to all businesses to take action to prevent and address it.

Read also: Discover the Magic of Nutella: From Pizza to Crepes and Everything in Between

Lawsuit Against the Company

Motarjemi launched her legal case against Nestle in 2011, after she was sacked from the company in 2010.

Her lawyer, Mathilde Bessonnet, stated that the payment was recognition by the court of Motarjemi’s claims that her career was destroyed and that her employer was fully responsible. 

Bessonnet added that Nestle must pay Motarjemi the entire lost wage bill retrospectively, from the moment of termination until retirement.

Motarjemi stated that her lawsuit against Nestle was never about money, but rather a way to get the court to recognize the injustice done to her. The judgment is final, with Nestle deciding not to appeal, and the company did not confirm the compensation amount. 

However, a Nestle spokeswoman said that the company sincerely regrets the almost 12 years of litigation and wishes to bring the legal matter to a final close.

Nestle emphasized that it does not tolerate harassment and takes such allegations very seriously. The case highlights the serious consequences of workplace bullying and the importance of creating a safe and healthy working environment for employees.

The company stands as the largest food company in the world, with operations in 191 countries and a workforce of over 300,000 employees. With its headquarters in Vevey, Switzerland, Nestle has a rich history of innovation, quality, and commitment to sustainability.

Biggest Name in the Food Industry

Nestle’s portfolio of brands includes well-known names such as Nescafe, KitKat, Gerber, Maggi, and many more. 

The company’s focus on research and development has enabled it to bring new and innovative products to market, such as its line of plant-based products, including burgers and sausages.

One of Nestle’s core values is its commitment to sustainability. The company recognizes the impact its operations have on the environment and takes steps to minimize its environmental footprint. 

Here are a few ways in which Nestle is working to reduce its environmental footprint:

Water Conservation: Nestle recognizes the importance of water as a finite resource and has made a commitment to reducing its water usage. The company has implemented water-saving technologies in its manufacturing processes and has also launched initiatives to conserve water in the communities where it operates.

Carbon Emissions Reduction: Nestle is working to reduce its carbon emissions by implementing energy-efficient technologies, using renewable energy sources, and promoting sustainable transportation methods. The giant has set ambitious goals to reduce its carbon footprint and has made significant progress towards achieving these targets.

Recyclable Packaging: Nestle is committed to reducing its waste and has implemented programs to increase the use of recyclable packaging. The company is working to develop innovative packaging solutions that are more environmentally friendly, such as biodegradable and compostable packaging.

Sustainable Agriculture: Nestle recognizes the importance of sustainable agriculture for the long-term viability of its business and the environment. The company has implemented programs to promote sustainable agriculture practices, like reducing the use of chemicals, promoting soil health, and reducing waste.

Read also: Good for You and Good for the Soul: The Benefits of Celebrations of Special Moments


Nestle also places a strong emphasis on corporate social responsibility and works to improve the lives of communities and individuals in the areas where it operates. 

This includes programs aimed at reducing child malnutrition, improving access to clean water, and promoting healthy lifestyles.

In terms of financial performance, Nestle has consistently delivered solid results over the years. 

The company has a strong growth track record, with revenue of over 100 billion Swiss francs in 2020. Nestle’s ability to adapt to changing consumer preferences and market conditions has been a key factor in its success.

Nestle is a global leader in the industry, with a rich history of innovation, quality, and commitment to sustainability. 

Its portfolio of well-known brands, focus on research and development, and commitment to corporate social responsibility make it a company that consumers can trust and rely on. 

With its strong financial performance and ability to adapt to changing market conditions, Nestle is poised for continued success in the years to come.

Photo: IB Times

Discover the Magic of Nutella: From Pizza to Crepes and Everything in Between

Nutella is more than just a simple hazelnut spread for your morning toast. It has become a household name. It’s a versatile ingredient that can be used in a variety of recipes, including dips, baking, and even ice cream sundaes to add a special touch.

For those who enjoy dips, it can be used as a topping for your preferred ice cream as well as a dip for fruit or pretzels.

If you want to step up your baking, you can use Nutella as a frosting for cakes or to give brownie batter a chewy texture.

It can also be added to cookie recipes by bakers to add an extra layer of chocolate flavor to their baked goods.

Nutella can be spread on bread or toast for an easy and delectable snack. It has even been incorporated into some pizza recipes and is a preferred ingredient in crepes, so for those who like to experiment with food, there is that.

Your favorite dishes can benefit from an additional layer of flavor thanks to Nutella. Whether you enjoy baking or are just adventurous, give it a try and discover for yourself why it is a common ingredient in kitchens all over the world.

Read also: Good for You and Good for the Soul: The Benefits of Celebrations of Special Moments

Healthy or Not?

But it’s crucial to keep in mind that just because an ingredient is natural, it doesn’t automatically imply that it’s healthy. Nutella is an unhealthy food to consume in large quantities or frequently due to its high levels of sugar, fat, and calories.

There are many other spreads that are made with healthier ingredients, such as almond or peanut butter, which are a much better option for those looking for a spread to put on their toast or use as a dip. 

Almond butter, for example, is low in sugar and high in healthy unsaturated fats and protein.

It’s important to remember that Nutella should be consumed in moderation and in small portions. It’s not a food that should be consumed daily or as part of a healthy diet. If you enjoy it, it’s recommended to limit your portion sizes and to use it as a special treat.

While Nutella is a popular spread that has been enjoyed by many people, it’s important to be aware of its high sugar, fat, and calorie content, and to consume it in moderation as part of a well-rounded, healthy diet.

Nutella Origin

While it may not be the healthiest addition, its rich flavor and versatility make it a popular choice for a quick and easy treat. 

But what happens when there’s just a little bit of Nutella left in the jar? Instead of letting it go to waste, there are several ways to make use of that tiny bit of it at the bottom and sides of the jar.

According to CookingLight, one way to use up the remaining Nutella is to make a hot chocolate by pouring hot water into the jar and giving it a good shake. 

Another option is to make an ice cream sundae by scooping ice cream into the jar and adding toppings of your choice. If you’re looking for the simplest way to enjoy the flavor, mix it with milk to create a delicious chocolate milk.

Nutella was first created in the 1940s, after World War II when cocoa was in limited supply. Its creator, Pietro Ferrero, used hazelnuts to stretch the cocoa and create the spread we know and love today. 

In 1951, the recipe was changed to make it more creamy and easier to spread, and by 1964, the Nutella we are familiar with was born.

Nowadays, it is a global phenomenon, with a dedicated World Nutella Day celebrated on February 5th each year. In 2017, a Nutella restaurant even opened its doors in Chicago, offering a range of dishes featuring the popular spread.

Each jar of Nutella contains about 50 hazelnuts, and a quarter of the world’s hazelnuts are used every year to make the treat. So next time you’re left with just a tiny bit of Nutella in the jar, put it to good use and create a delicious and decadent treat.

Read also: Economic Downturn Caused by COVID-19 Pandemic Forces Alphabet to Make Job Cuts

What You Can Make

One of the most famous ways to use Nutella is in baking. You can add a spoonful to your favorite brownie or cookie recipe to enhance their flavor. 

Nutella also makes a delicious frosting for cakes, cupcakes, and even donuts. Simply mix it with some powdered sugar and a bit of heavy cream, and you’ll have a smooth and creamy frosting that is sure to please any sweet tooth.

Another great way to enjoy it is by incorporating it into your ice cream sundaes. Simply heat the spread up in the microwave for a few seconds, and then drizzle it over your favorite ice cream. 

Top it off with some whipped cream and nuts, and you have a delightful dessert that is sure to impress.

For a no-bake dessert, you can make Nutella truffles. Mix together Nutella, cream cheese, and cocoa powder until smooth. Roll the mixture into balls and refrigerate until firm. Then, roll the truffles in cocoa powder, chopped nuts, or sprinkles.

If you’re looking for something more indulgent, try making Nutella crepes. Simply spread a spoonful of Nutella onto a warm crepe, roll it up, and top it off with some whipped cream and berries.

Finally, you can make Nutella-stuffed churros. Fill a pastry bag with Nutella and pipe it into churro dough before frying. You’ll have a sweet and satisfying treat that combines the crunchiness of churros with the creamy and nutty goodness of Nutella.

Photo: Money

Good for You and Good for the Soul: The Benefits of Celebrations of Special Moments

Whether it’s a birthday, a graduation, or a job promotion, we all enjoy commemorating and celebrating significant life events. But did you know that these celebrations can actually improve our health and wellbeing?

Recent research on the advantages of celebrations has been published in the Journal of Public Policy and Marketing.

According to the study, celebrations should include three essential elements: a get-together with others, food and drink, and the recognition of a significant milestone.

These gatherings strengthen social support, giving attendees a sense of belonging and comfort during difficult times.

The social component of celebrations, according to lead author Danielle Brick, an assistant professor of marketing at the University of Connecticut, is what makes them so beneficial.

“Buying yourself a congratulatory gift to celebrate an accomplishment just isn’t the same as celebrating with a dinner and drinks with friends,” she stated. 

Celebrations need only mark a happy life event and involve sharing food or beverages with others in order to be effective.

So keep in mind that celebrating special occasions is not only a fun way to mark the occasion, but also beneficial to your health the next time you’re thinking about doing so.

Celebrate the good times and strengthen your social support network, whether it’s at a dinner party with friends or a casual get-together.

Read also: Economic Downturn Caused by COVID-19 Pandemic Forces Alphabet to Make Job Cuts

Beneficial Effects

A number of studies were conducted by the researchers to investigate the connection between celebrations and perceived social support.

The results showed that the three components of celebrations, as mentioned earlier – gathering with other people, having food and drink, and highlighting an important milestone – are key to building perceptions of social support.

The study participants who had the opportunity to celebrate their positive life events with others, had food and drink, and marked their milestones, reported higher levels of perceived social support compared to those who didn’t celebrate. 

Researchers also found that the size and type of celebration, such as whether it was a small gathering of dear friends or a large, more formal event, didn’t matter as much as the presence of these three components.

So, researchers concluded that celebrations are a crucial way for people to build their perceptions of social support, which in turn has a positive impact on their health and well-being. 

The study’s findings provide important insight into how people can maintain and strengthen their social networks, which can be particularly beneficial for those who are struggling with loneliness or other social problems.

The next time you’re looking for a reason to throw a party, remember that it might just be what the doctor ordered. 

Celebrations, no matter how big or small, can have a huge impact on our perceptions of social support and overall health and well-being. So go ahead, gather your friends and family, have some food and drinks, and celebrate your positive life events. Your health will thank you.

Moments in Life that Counts

However, despite this limitation, the study provides valuable insights into the impact of celebrations on our health and well-being. 

By gathering with friends and family, and sharing food and drinks, we can increase our perceptions of social support and reap the associated health benefits. 

Whether it’s a virtual get-together or an in-person celebration, marking positive life events with food and drink can play a crucial role in our overall health and happiness.

It’s also important to note that celebrations don’t have to be elaborate or expensive. As long as they involve the three key components, a simple dinner or virtual chat with friends can have a positive impact. 

Celebrations provide us with the opportunity to strengthen our relationships, acknowledge our achievements and milestones, and support one another. So, the next time you’re looking for an excuse to throw a party, remember that it might just be what the doctor ordered.

Read also: Stephane Bancel of Moderna Talks Supply of COVID Vaccines with China

Connects Communities

The findings of the recent research on the benefits of celebrations also have some practical applications for policymakers, according to Brick. With the restrictions imposed during the early days of the COVID-19 pandemic, many people were unable to gather with others and celebrate. 

This research highlights the negative impact of limiting celebrations and suggests that policymakers should consider ways to enable people to celebrate with others.

Nursing homes and community centers can also benefit from hosting celebrations for those who are at risk of loneliness and isolation. 

Celebrations can help increase feelings of social support and lead people to be more willing to volunteer or donate to a cause, which can benefit fundraising and the organization of community events. 

This is a good opportunity for non-profit organizations to market donation campaigns around big events such as holidays, graduations, weddings, and other special milestones.

The recent research on celebrations highlights the importance of gathering with others, having food and drink, and acknowledging a life event in improving social support and overall well-being. 

Policymakers and community organizations can use this information to create positive outcomes for people and communities.

Photo: Apis

Economic Downturn Caused by COVID-19 Pandemic Forces Alphabet to Make Job Cuts

The parent company of Google, Alphabet, has announced plans to eliminate 12,000 positions, making it the most recent tech behemoth to make sizable personnel cuts.

Six percent of Alphabet’s workforce globally, including teams like engineering and recruitment, will be affected by the layoffs. 

This information was released just days after Microsoft announced it would be laying off 10,000 employees and weeks after Amazon announced it would be laying off 18,000 employees.

Sundar Pichai, the CEO of Google and Alphabet, accepted full responsibility for the layoffs in an internal email and thanked the team for their efforts and contributions.

He wrote, “While this transition won’t be easy, we’re going to support employees as they look for their next opportunity.” Pichai also encouraged employees to work from home on the day the news was announced.

Over 5,500 people work for Google in the UK, according to a recent Companies House filing. How many of these positions will be affected by the cuts is still unknown.

The ongoing economic downturn brought on by the COVID-19 pandemic is the cause of the job cuts.

Read also: Stephane Bancel of Moderna Talks Supply of COVID Vaccines with China

Pandemic Impact

Like many other industries, the tech sector has been severely impacted by the pandemic, forcing businesses to make tough choices in order to survive. Due to this, there has been a sharp rise in the number of jobs lost; in recent months, many businesses have announced staff reductions.

It is crucial to remember that even though the job cuts are substantial, they do not necessarily indicate that the business is having financial difficulties.

Google and Alphabet remain among the most profitable companies in the world, with the cuts likely a move to streamline and re-evaluate their operations in the face of an uncertain economic future.

In any case, these job cuts come as a blow to the affected employees and their families, and it will be a difficult time for them. The company has promised to support employees as they look for their next opportunity, and it remains to be seen how this process will unfold.

Alphabet Choice

Google’s parent company, Alphabet, has announced plans to cut 12,000 jobs, making it the latest tech giant to make significant staff reductions. The cuts will affect 6% of Alphabet’s worldwide workforce, including teams such as recruitment and engineering. 

In an internal email, Google and Alphabet CEO Sundar Pichai took full responsibility for the job cuts, thanking staff for their hard work and contributions. He announced severance packages for US employees, who will receive at least 16 weeks of salary, their 2022 bonus, paid vacations and six months of health coverage.

Wall Street has welcomed the cuts, with Alphabet shares rising by 3.5% in electronic trading before the stock market opened. 

Analysts have said that tech companies had previously overspent, not seeing a slowdown on the horizon. Daniel Ives of Wedbush Securities said the layoffs highlight irresponsible spending across a sector basking in “hypergrowth.”

What Tech Went Through

According to tech site Layoffs.fyi, nearly 194,000 industry employees have lost their jobs in the US since the beginning of 2022, not including those announced by Alphabet on Friday. 

Other tech companies like Hewlett Packard and Salesforce have also announced major cuts this month, as rampant inflation and rising interest rates have slowed growth.

These job cuts come as US tech giants are also facing scrutiny in the European Union, which has started enforcing regulations to stop them from avoiding tax, stifling competition, profiting from news content without paying, and serving as platforms for disinformation and hate.

In any case, these job cuts come as a blow to the affected employees and their families, and it will be a difficult time for them. 

The company has promised to support employees as they look for their next opportunity, and it remains to be seen how this process will unfold. Despite the job cuts, Pichai remains optimistic about the company’s ability to deliver on its mission and continue to innovate in the future.

Read also: Dior Gets a New Leader: Delphine Arnault Appointed CEO as Part of LVMH Reshuffle

Parent of Google

Alphabet, the parent company of Google, is one of the largest and most successful technology companies in the world. 

Founded in 1998, the company has grown to become a household name, thanks to its flagship search engine, Google. Today, Alphabet offers a wide range of products and services, including advertising, cloud computing, and hardware.

Alphabet’s roots can be traced back to Stanford University, where co-founders Larry Page and Sergey Brin were graduate students. 

They developed a search engine called Backrub, which eventually became Google. The company was incorporated in 1998, and the rest, as they say, is history. Today, Google is the world’s most popular search engine, with billions of users worldwide.

In 2015, Alphabet was created as a holding company for Google and other subsidiaries, such as YouTube and the Google Play store. The new structure allowed Google to separate its core business from its more speculative ventures, such as self-driving cars and internet-beaming balloons.

In addition to its search engine, Alphabet offers a wide range of products and services. The company’s advertising business, which includes Google AdWords and AdSense, generates the majority of its revenue. 

Google Cloud, the company’s cloud computing division, is also a significant contributor to its bottom line. Google’s hardware division, which includes the Pixel smartphone and Google Home smart speaker, is also growing rapidly.

Alphabet is also known for its investments in various companies and projects through its venture capital arm, CapitalG and GV. These include companies such as Uber, Airbnb, and Stripe.

Photo: IB Times

Stephane Bancel of Moderna Talks Supply of COVID Vaccines with China

On Wednesday, Moderna’s CEO, Stephane Bancel, announced that negotiations to sell COVID-19 vaccines to China were still ongoing.

He claimed that the talks with Beijing also covered factories and other issues, such as cancer treatments, in an interview with Reuters on the fringes of the Davos World Economic Forum.

“What I really want to understand is how do we help the Chinese government as to what are the needs they have from a healthcare standpoint,” he stated. 

Without giving any additional details, he said he hoped to visit China this year.

Beijing has insisted that only COVID-19 vaccines made in China are given to its citizens, but the country is currently gripped by a raging COVID epidemic as a result of Beijing’s relaxation of previously extremely strict anti-pandemic regulations.

Health professionals are concerned that the outbreak may get worse in areas that aren’t equipped to handle it as millions of Chinese people who live in cities return home this week for the Lunar New Year holidays.

The COVID vaccines made in China use inactivated virus rather than the most widely used injections developed by Moderna and Pfizer (PFE). The messenger RNA technology of N)-BioNTech.

China only uses the BioNTech doses that Germany sent late last year for its nationals residing there as imported vaccines.

German expatriates were given the go-ahead to receive a BioNTech shot because cases have risen since Beijing ended the zero-COVID lockdown policy.

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Other Benefits

Moderna and Merck have been working together to fight cancer on an experimental melanoma vaccine based on the same mRNA technology as the COVID-19 vaccines.

The business has stated that it intends to research the strategy it has employed in highly mutated tumors, including lung cancer.

Prior to the U.S. business preparing to construct four sites, Bancel stated at a WEF panel discussion that he would like to see factories producing vaccines based on its messenger RNA technology on every continent.

According to him, the business is currently building or plans to establish plants in Canada, Australia, Britain, and Kenya for the production of COVID-19 vaccines, which are made in the United States and Switzerland.

Who is Bancel?

French businessman Stéphane Bancel, who is worth $1 billion, was born on July 20, 1972. He serves as the president and chief executive officer (CEO) of Moderna, an American biotechnology and pharmaceutical business best known for its COVID-19 vaccine. 

Bancel served as the CEO of the French diagnostics company BioMérieux before to joining Moderna. Bancel has held positions on the boards of Qiagen, Indigo Agriculture, and Boston’s Museum of Science. He is a partner with Flagship Pioneering. 

He owned around 8% of Moderna as of December 2022, when his net worth was projected to be US$6 billion.

France’s Marseille is where Bancel was born. His mother was a doctor, while his father was an engineer. In his early years, he was interested in science, math, and computers.

Bancel obtained master’s degrees from the University of Minnesota and CentraleSupélec, where he studied engineering (biological engineering at the University of Minnesota). Later, he graduated from Harvard Business School with an MBA.

At Eli Lilly and Company, Bancel worked as the director of sales before rising to the position of head of operations for Belgium. He was given credit for increasing the company’s margins when he was named CEO of the French diagnostics company BioMérieux in 2007.

Bancel became the CEO of Moderna in 2011. According to Stat, Bancel had a very closed-off culture and little external scrutiny of its science or research.

Two kids are raised by Bancel. Bancel’s roughly 9% stake in Moderna increased in value to over $1 billion in April 2020 as the company’s stock price increased following the announcement of impending phase 2 human trials for its potential COVID-19 vaccine. 

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The Company

The Cambridge, Massachusetts-based pharmaceutical and biotechnology company Moderna, Inc. specializes in mRNA vaccines and other RNA treatments. To elicit an immunological response, these vaccines copy a molecule known as messenger RNA (mRNA).

The Moderna COVID-19 vaccine, sometimes known as Spikevax, is the only commercially available item for the company. 

The company will have 44 potential treatments and vaccines by the year 2022, 21 of which have started clinical studies. Influenza, HIV, respiratory syncytial virus, Epstein-Barr virus, the Nipah virus, chikungunya, a single-shot COVID-19 booster and influenza vaccine, a cytomegalovirus vaccine, and two cancer vaccines are among the targets for vaccine candidates. 

Candidates for cancer immunotherapy using OX40 ligand, interleukin 23, IL36G, and interleukin 12 are also in the company’s pipeline. 

In addition, the company is collaborating with AstraZeneca on a regenerative medicine treatment that encodes vascular endothelial growth factor A to promote blood vessel growth for patients with myocardial ischemia.

Regarding its COVID-19 vaccine, Moderna and the NIH are embroiled in a patent battle. The NIH claims that three of its experts contributed significantly to the vaccine’s development over a four-year period of cooperation. 

Moderna delayed the last payment for filing the application after first completely rejecting the pooled patent application, abandoning the patent application unfiled as of December 2021.

Photo: Entreprende

Dior Gets a New Leader: Delphine Arnault Appointed CEO as Part of LVMH Reshuffle

The richest man in the world, Bernard Arnault, has appointed Delphine Arnault to lead the fashion house Dior.

The move is a part of a reorganization at LVMH, the most valuable company in Europe, which is worth about £336 billion and owns a portfolio of high-end brands like Fendi and Louis Vuitton.

The 47-year-old Delphine Arnault will succeed Pietro Beccari, who is stepping down to make way for Michael Burke, the longtime CEO of Louis Vuitton.

The promotions are “logical within the group,” according to Credit Suisse analyst Natasha Brilliant, because both Pietro Beccari and Delphine Arnault are “well respected” in their respective fields.

Given that all five of Bernard Arnault’s children work in management roles for LVMH group companies, this decision also demonstrates the Arnault family’s dedication to keeping their company within the family.

The changes were made shortly after Antoine Arnault, Bernard Arnault’s eldest son, was named the head of the family holding company.

The third son, Frederic Arnault, is the CEO of another group brand, Tag Heuer, while Alexandre Arnault, the second son, is in charge of products and communications at Tiffany. In charge of product development and marketing for Louis Vuitton’s watch division is the youngest child, Jean Arnault.

It will be exciting to see how Delphine Arnault runs Dior once these changes take effect in February. It will also be interesting to see how the changes will impact the LVMH group.

These changes are likely to increase the company’s success because the Arnault family has a track record of successfully leading its brands.

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Delphine as Head

The parent company of labels like Louis Vuitton and Moet and Chandon, LVMH, recently announced that Delphine Arnault, the daughter of billionaire chairman Bernard Arnault, will take over as CEO of fashion house Christian Dior. 

This announcement emphasizes the significance of succession planning in the luxury fashion industry.

The move comes as Delphine Arnault leaves her position as executive vice president for Louis Vuitton, a role she has held since 2013.

Louis Vuitton, under Delphine’s leadership, set new sales records, LVMH said. This succession plan is similar to others that have occurred at major fashion companies in recent years. 

For example, in 2021, High Street fashion giant Inditex, which owns brands such as Zara and Massimo Dutti, appointed the founder’s daughter as its new chairwoman. 

Marta Ortega was 37 at the time. Also, the boss of fashion house Prada, Patrizio Bertelli, recently announced that he expects to hand the reins of the company over to his son Lorenzo within the next two years.

This move is significant as succession planning in strategic roles has played a role to the success of LVMH’s crucial brands over the past 20 years, says Thomas Chauvet, an analyst at Citi. 

It also comes at a time when Bernard Arnault overtook Elon Musk in December 2022 to become the world’s richest man.

Christian Dior’s catwalk presentations in Paris are attended by global celebrities such as K-pop star Jisoo and singer Rihanna, drawing enthusiastic crowds of fans. With Delphine Arnault at the helm, it is expected that the brand will continue to thrive and set new records.

The Beginning of Arnault Empire

Bernard Arnault, the French billionaire and chairman of luxury conglomerate LVMH, is known for his savvy business acumen and his ability to build and grow some of the world’s most successful luxury brands.

Born in Roubaix, France in 1949, Arnault began his career in the construction industry, working for his father’s company. In 1984, he acquired the luxury goods company Financiere Agache, which owned the brand Louis Vuitton, and merged it with Moet Hennessy to create LVMH. 

Under Arnault’s leadership, the company has grown to become the largest luxury goods company in the world, with a portfolio that includes over 60 brands in fashion, leather goods, perfumes, and cosmetics, wines and spirits, and watches and jewelry.

Arnault is known for his skill to identify and acquire undervalued luxury brands and turn them into global powerhouses. 

He has successfully acquired and integrated brands such as Bulgari, Fendi, and Bulgari into the LVMH portfolio. Arnault has also been instrumental in the development of LVMH’s flagship brand Louis Vuitton, which has become one of the most valuable luxury brands in the world.

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World’s Wealthiest Man

In addition to his work with LVMH, Arnault is also known for his philanthropy and cultural patronage. He and his family have donated millions of dollars to support the arts, education, and scientific research. 

In 2017, Arnault announced the creation of the Arnault Family Foundation for the Arts, which will provide support for the preservation and restoration of cultural heritage sites and landmarks.

Arnault’s business acumen and his ability to identify and acquire undervalued luxury brands has made him one of the most successful and powerful figures in the luxury goods industry. With his leadership, LVMH has become the largest luxury goods company in the world, and Arnault has become one of the richest people in the world.

In recent years, Arnault overtook Elon Musk in December 2022 to become the world’s richest man.

Arnault’s success story and his unique approach to business and luxury are a subject of admiration and study for many entrepreneurs, business schools and management professionals around the world. 

He is supposedly one of the most strategic thinkers and visionary leaders of our time.

Photo: Madame

From Candy Empire to Exotic Dream Machines: The Story of Liram Sustiel and mph club

Liram Sustiel, also known as Lee, is the owner and CEO of mph club exotic car rental. His passion for luxury and exotic vehicles led him to launch his company and amass the nation’s largest collection of luxury and exotic rental vehicles.

Born and raised in Miami, Lee has always had a knack for entrepreneurship. He started selling candy in elementary school to save up enough money to buy his first pair of Jordan sneakers. As he grew older, he graduated from candy to burning and selling CDs and DJing events to make extra cash. These side hustles continued to grow in size and scale until he found the perfect business and industry for him: exotic car rental.

Exotic car rental as an industry was born from the drive and desire to want more from life. Lee saw this as an opportunity to reverse engineer success and wealth into a business model that works towards that goal in a self-manifesting fashion. It takes courage and commitment to grow a business like mph club, but Lee wouldn’t have it any other way.

At mph club, they rent out vehicles that ordinary people dream of driving. Their inventory of exotic cars comprises brand-new vehicles from luxury brands like Lamborghini, Ferrari, McLaren, Rolls Royce, and Bentley, just to name a few. They are often the very first company in the nation to offer these brand-new vehicles for rent. In addition to their extensive vehicle selection, they have also developed a world-famous customer service experience for their clients. Located in the heart of Miami Gardens as well as inside the Fontainebleau Hotel in Miami Beach, the company also offers vehicle delivery via flatbed tow trucks to clients’ front doors.

The mph club recently acquired multiple tow trucks to their fleet to streamline logistics, efficiency, and limit liability on the road. The size of the mph club fleet has grown to 80 vehicles this year, which is the largest it has ever been to date. Furthermore, they plan to hit 100 cars in the fleet by the end of the year and aim to open 20 new locations across the country in the coming years.

In conclusion, Liram Sustiel’s drive and passion for luxury and exotic vehicles, combined with his entrepreneurial spirit, have led to the success of mph club exotic car rental. He is a true testament to the power of hard work and determination in achieving one’s goals.

Diversifying with SaleBased

SaleBased consistently advocates for financial diversification. The core company mandate is to showcase the possibilities in the online business realm. Creating a second income stream is an important step in achieving financial stability and security. 

Having a second income stream can provide a safety net in case of job loss or unexpected financial hardship. It can also help to reduce the stress and anxiety that comes with relying on a single source of income. A second income stream can help you to reach your financial goals faster, whether it’s saving for a down payment on a house, paying off debt or saving for retirement. It can also provide a sense of financial independence, allowing you to make choices and pursue opportunities without worrying about the financial impact.

Building a second income stream can also help you to develop new skills and gain new experiences, which can be beneficial for your career. Starting a side business or taking on freelance work can help you to gain new knowledge, connections and experience that can help you to advance in your current job or open new doors for you. At SaleBased – we make building a second income stream, in the form of an online business that can be managed from anywhere, as seamless as possible.

Diversifying your income streams can help to spread the risk and reduce the impact of any one income stream failing. For example, if you are heavily dependent on a single investment, a market downturn could have a significant impact on your overall financial well-being. However, if you have multiple income streams, the impact of a downturn in one area is likely to be less severe.

Creating a second income stream is an important step in achieving financial stability and security. It can provide a safety net, help you to reach your financial goals faster, and give you opportunities to develop new skills and gain new experiences. It’s never too early to start thinking about creating a second income stream, and the sooner you start, the more likely you are to achieve your financial goals. This is where SaleBased could potentially come in. 

To learn more about SaleBased, visit them on their website.