Legendary Entertainment, the studio behind blockbusters such as “Dune” and “The Dark Knight,” has sold a minority stake to private-equity firm Apollo Global Management for $760 million, the companies announced on Monday. The deal comes as billions of dollars in private-equity money are going towards acquiring and investing in Hollywood studios amid a boom in demand for streaming content. If...
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Oscar Health’s New CEO Has a Tough Job—but Lyft’s New CEO Has It Worse

Mark Bertolini must be feeling pretty good. Since he was named the new CEO of Oscar Health on Tuesday, Oscar’s long-suffering stock has bounced 78%. OK, skeptics will point out that bounce was off a very low base—the stock was at $3.59 on Monday. And even after the rally, Oscar stock is still down 84% from its initial public offering price. But any stock lift is better than the alternative,...
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