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Hyatt Chairman Exits Over Epstein Ties, EU Mandates 70% Local Content for EVs, and Sky Ends WBD Content Pact
Stock Market News· 2026-02-16 21:08
Group 1: Hyatt Hotels Corp - Thomas Pritzker has announced his immediate retirement as Executive Chairman of Hyatt Hotels Corp, ending a 45-year tenure, citing his past association with Jeffrey Epstein and Ghislaine Maxwell as a significant misjudgment that necessitated his exit to protect the company's reputation [2][10] - Mark S. Hoplamazian, who has served as CEO since 2006, has been appointed as the new Chairman, consolidating leadership roles within the company [3][10] Group 2: Electric Vehicles in the EU - The European Union is finalizing new rules requiring Electric Vehicles (EVs) to consist of at least 70% EU-made components to qualify for state support, aimed at bolstering the domestic automotive supply chain and reducing reliance on foreign manufacturers, particularly from China [4][5][10] - This protectionist shift may increase the cost of EVs for European consumers in the short term while aiming to ensure that public funds benefit the EU's manufacturing sector [5] Group 3: Sky Group and Warner Bros. Discovery - Sky Group has decided not to renew its major licensing agreement with Warner Bros. Discovery, marking the end of a multi-decade partnership and signaling a new era of streaming competition [6][10] - The non-renewal allows Warner Bros. Discovery to launch its Max streaming service as a standalone product in key markets, while Sky will need to pivot towards original programming and alternative partnerships to compensate for the loss of high-profile HBO titles [7][10]