Markets Now 12/12

Comfort Inn’s owner doubles down on its hostile takeover bid for the company that owns Days Inn

Choice Hotels, which owns a number of budget lodging brands, including Comfort Inn, is getting more aggressive in its attempt to acquire its rival Wyndham Hotels.  
Read full article

Analysis: Mark Zuckerberg had a surprisingly good 2023

It’s been a “year of efficiency” for Meta (formerly known as Facebook), and a very good one at that.  
Read full article

Harvard’s board: We unanimously stand in support of President Gay

Embattled Harvard President Claudine Gay has gained the unanimous support of the university’s board, Harvard’s highest governing body said in a statement Tuesday, giving Gay significant cover to remain in her position after a tumultuous week in which many donors and politicians have called for her ouster.  
Read full article

How Macy’s became a takeover target

Macy’s has struggled for years against rising competition and shoppers migrating away from department stores. Now, a group of investors reportedly wants to take Macy’s private at a vulnerable moment for the famed company.  
Read full article

Zara pulls controversial ad campaign that critics said evoked Gaza war

Zara has pulled an advertising campaign that provoked a backlash on social media from people decrying what they said was a resemblance to scenes of death and destruction in Gaza.  
Read full article

How Harvard President Claudine Gay made history

Harvard University President Claudine Gay has drawn national attention over her contentious comments on Capitol Hill a week ago about antisemitism on campus. Many donors, politicians and business leaders demanded her resignation, but Harvard’s board, faculty and alumni have come to her defense.  
Read full article

Source: CNN Business