Samsung Launches Galaxy Z TriFold to Elevate Its Position in the Foldable Smartphone Market 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
U.S. Backs Bayer in Supreme Court Battle Over Roundup Cancer Lawsuits 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
Apple Appoints Amar Subramanya as New Vice President of AI Amid Push to Accelerate Innovation 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Someone has put a lot of faith in Weight Watchers.
Media mogul Oprah Winfrey reportedly bought a 10 percent stake in the dieting company. Reuters said that the Oprah Winfrey Network (OWN) CEO bought 6.4 million of Weight Watchers’ shares at Friday’s closing price of USD6.79 per share. USA Today wrote that aside from the sizeable USD43.2 million stake, she is expected to get options that would allow her to acquire an additional 5 percent in the company. As a result of her recent investment, she is set to sit in the company’s board.
On the company’s official Facebook page, Weight Watchers announced, "We're thrilled to share some big news today- Oprah Winfrey has joined our Board and is a part owner of Weight Watchers! She's a Member on her own personal journey toward success, and she believes so much in what we do and our mission that she wants to work with us to inspire people around the world to lead healthier and more fulfilling lives. We are thrilled to count one of the world's most inspiring women among our #WWFamily and are so excited for what the future holds! "O" it's an exciting day!"
Shares of the dieting company soared 89.9 percent in pre-market trading on Monday due to the news, Forbes observed.
