Good morning Joe Kiani was put down last September when the shareholder activist Quentin Koffey from Politan Capital was successful in his two -year fight to push Kiani from the Masimo board. A med-tech company that he founded and built over 36 years. When Kiani quit as CEO, I suspected that the billionaire entrepreneur would concentrate on the persecution of the public eye.
Not like that. Kiani will be appointed CEO this morning Same laboratoriesA small company that, among other things, develops innovative video technologies for the entertainment industry. Kiani was a co -founder after buying another company based in Quebec Company that created the nuclear technology that he will now be the basis for some important product launches. He will continue to work on some additional companies, but this marks his first return to the CEO – albeit with a company with three dozen people or about 1% of Masimo employees.
Why step back into the spotlight after such a bloody public struggle? “I thought about it for a few months,” he said yesterday. “I just want to build products. I have these ideas in my head, as I see the world. I don’t need the money or the credit. I am only wired for it … and it includes an extended signal processing that I know.” (Masimo’s core product is a pulse oximeter that Kiani invented.)
Kiani has some advantages this time. One is Bob Chapek, the former Disney CEO, who supported him as a member of the board of Masimo and joined the new board. He also has resources, track record and majority ownership and noticed: “I will not make the same mistake twice.”
Are there lessons that you can share from the Masimo fight? “Give it your best. I have never seen an activist came in and did a good thing for the company,” he said. Masimo shareholders cannot agree, since the share price has increased by about 45%, since Kiani resigned on September 19 – although it has dropped in the middle of the deputy fight and has been low since the beginning of the year. “I don’t regret that I tried my best.”
Contact the CEO every day via Diane Brady diane.brady@fortune.com
Top messages
Trump announces new tariffs
On Monday, President Donald Trump announced a new round of tariffs – 40% for Myanmar and Laos, 30% for South Africa, 25% for Kazakhstan, Malaysia, Japan and South Korea. Among 14 countries– come into force on August 1st. The US stock market therefore failed.
The markets don’t take that seriously
The global markets had expired this morning, which indicates that Trump’s letters are not taken as seriously as his announcement of the liberation day on April 2. The deadline of August 1st (pushed back), the fact that each letter was a form copy and that they end with the line. “Depending on our relationship with your country, these tariffs can be changed up or down,” all indicate that this collective bargaining process is far away. “It seems a wasted exertion to analyze every Trump -Social -Media contribution if investors understandably expect future retreats,” said UBS -Analyst Paul Donovan in a note this morning.
Quote of the day:
“When you go through the details, I don’t even know whether someone has the difference between what was announced today, what was there and whether it is actually implemented and which company you actually influence” said on CNBC.
Trump continues arms to Ukraine: “Putin was a jerk.”
The president also wants to press Germany to send more defensive weapons. The move shows that relationships between Trump, Putin and Zelensky have changed radically, with Kyiv on the advance and Moscow in the dog house. “You (Ukrainians) should feel better than you have at any time during the Trump presidency.” A source that is familiar with discussions of the White House told Axios told. “Putin was an idiot.”
Elon Musk is facing the hard fight to create “America Party”,
The richest man in the world is available Many legal hurdles to bring his proposed new third party to the ballot. He has to collect thousands of signatures and corrralize hundreds of volunteers. Of course, he has the money to achieve this. And then there is the story. Thirds are generally unsuccessful in the elections: Ross Perot’s presence on the ballot in 1992 threw the election for Bill Clinton and the Vote of the Green Party in 2000 benefited from George W. Bush. In view of the fact that Muschus is looking for revenge on Trump, this can be all he wants.
A hypothetical dual feeding chair
The pressure of the Trump management on lower interest rates continues to build up against the chairman of the Federal Reserve, Jerome Powell. Assets‘S Jason Ma describes How Powell’s role as Governor Councilor of the Fed and Chairman of the Federal Open Market Committee could lead to a Split chair.
The markets
- S&P Futures had risen by 0.12% this morning. The S&P 500 Index lost 0.79% yesterday. South Korea Kospi Had rose by 1.81% this morning. Hong Kong Hanging rose 1%. China CSI 300 had increased by 0.84%. Japan Nikkei 225 had increased by 0.26%. The Great Britain FTSE 100 Was flat in early trade. Bitcoin Sits at 108,000 US dollars. Stoxx Europa 600 had declined slightly in early trade.
From the analysts
- Deutsche Bank at the Fed: “Peter Navarro wrote in a substance post that the policy of Chairman Powell prompted American households” acute financial pain “and that Powell will not voluntarily adapt the course, the board must be determined to prevent further economic damage.” Tomorrow we will receive the publication of June Fomc meeting so that the officers think about the nominal value, the latest tariff letters, and the fact that the deadlines for August 1, are extended and thus extended uncertainty.
- Placer.ai for shopping for consumers: “In June 2025, the traffic center fell after the year (Yoy), the growth of the central defenders continued to show the strongest performance after two months a year, with only a decline in the visits of Yoy June by 0.7%. Tariff-driven price increases. By Shira Petrock.
- Goldman Sachs on the S&P 500: “We increase our 3-, 6- and 12-month S & P 500 return forecasts to +3% (6400), +6% (6600) and +11% (6900). Earlier and lower fed loosening and lower bond return than before, we expected continuous basic strength of the largest shares, and the prognosis of forecast, probably predicament, more frequently. Forecast of the probability that probably predicts, etc. The likelihood that probably predicts.
To the watercolor seal
Richard ‘Dick’ Eastland, Camp Mystics 74-year-old owner, died and led the campers to safety during the devastating floods By Dave Smith and Fortune Intelligence
Social security sends an incorrect e -mail with the inscription “Big Beautiful Bill” ends taxes – this actually changes here By Alicia Adamczyk
Trump donor betrayed from 250,000 US dollars in crypto after someone pretended to provide Steve Witkoff an uncomfortably convincing e -mail By Ashley Lutz and Fortune Intelligence
AI can make every realm: Mark Cuban says that it could “only turn a guy in a basement” into a trillionaire By Sydney Lake
The founder of Chef Boyardees sold the brand in 1946 for 6 million US dollars -Conagra, just sold it to a private equity company for 600 million US dollars From Preston before
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