Apollo Global Management CEO Leon Black paid child sex predator Jeffrey Epstein $158 million for financial advice from 2012 through 2017, despite knowing Epstein pleaded guilty to sexually abusing an underage girl in 2008, a probe by a law firm retained by Apollo has found.
Those newly disclosed payments are a whopping three times more than the minimum of $50 million in payments Black was reported in October to have made to the controversial money manager Epstein during that time frame.
Beyond Meat and PepsiCo announced Tuesday that they’ve formed a joint venture to create, produce and market snacks and drinks with plant-based substitutes.
Shares of Beyond jumped as much as 31% in morning trading on the news, while Pepsi’s stock rose about 1%. The run in Beyond Meat may have been helped by hedge funds rushing to cover their bets against the stock, a trend unfolding in may heavily-shorted names this year. More than 38% of the Beyond Meat shares available for trading are sold short, according to FactSet.
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