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Billionaire Mark Walter, set to own controlling stake in Lakers, built fortune in investing
Billionaire Mark Walter, set to own controlling stake in Lakers, built fortune in investing

Boston Globe

time6 hours ago

  • Business
  • Boston Globe

Billionaire Mark Walter, set to own controlling stake in Lakers, built fortune in investing

Walter received an undergraduate degree in business administration from Creighton University and a law degree from Northwestern University, but ultimately chose business over a career in law. In the mid-1990s, he co-founded Liberty Hampshire, an investment management firm in Chicago. That business became part of Guggenheim Partners, which Walter co-founded in the late 1990s. Advertisement In addition to Guggenheim, Walter co-founded TWG Global with film producer Thomas Tull. The company holds a portfolio of finance and insurance sector companies, including Guggenheim Investments, Guggenheim Securities, Group 1001 Insurance and Delaware Life. It also includes aerospace and defense technology company Shield AI. Last month, TWG Global announced a partnership with Palantir Technologies and Elon Musk's AI company, xAI, maker of Grok, aimed at developing artificial intelligence for use in the financial services industry. TWG Global also includes investments in sports, media and entertainment franchises, such as the controlling interest in the Los Angeles Dodgers, Premier League club Chelsea, the Professional Women's Hockey League and — through TWG Motorsports — ownership of several auto racing teams including Cadillac Formula 1. Advertisement Beyond business, Walter and his wife, Kimbra, have founded or contributed to various philanthropic organizations, including the Los Angeles Dodgers Foundation, the Academy Group, Chicago Beyond and OneGoal.

'Sephora kids' are using anti-aging creams. A new study says harms aren't just skin deep
'Sephora kids' are using anti-aging creams. A new study says harms aren't just skin deep

Yahoo

time14 hours ago

  • Health
  • Yahoo

'Sephora kids' are using anti-aging creams. A new study says harms aren't just skin deep

If you've recently witnessed a 10-year-old smear their face with an $80 anti-wrinkle cream — either in real life or in any number of "Get Ready With Me" TikTok videos — you're probably already aware of the "Sephora kids" skin-care trend that has young people clamouring for anti-aging products thanks in part to what they see on social media. Now, a new study published in Pediatrics this month, the first peer-reviewed paper of its kind, found that skin-care solutions promoted on TikTok not only offer little to no benefit for children and teens, but they can actually be harmful. And the risks go beyond skin damage (although, there is that, too), the authors note. "It's problematic to show girls devoting this much time and attention to their skin," corresponding author Dr. Molly Hales, a postdoctoral research fellow and dermatologist in the department of dermatology at Chicago's Northwestern University Feinberg School of Medicine, said in a news release. "We're setting a very high standard for these girls. The pursuit of health has become a kind of virtue in our society, but the ideal of 'health' is also very wrapped up in ideals of beauty, thinness and whiteness." The authors in the study analyzed 100 unique videos by content creators between the ages of seven and 18, with an average 1.1 million views each. On average, each regimen featured six products, totalling about $230 Cdn. On the higher end of the scale, some of the girls used more than a dozen products on their faces, the authors said. WATCH | Explaining the 'Sephora kids' trend: They found that only a quarter of the skin-care routines included sunscreen use, the most popular videos contained an average of 11 irritating active ingredients for young skin (such as hydroxy acids) and the content creators often layered multiple active ingredients or the same one over and over in multiple products. In one video, the authors say, one girl applied 10 different products on her face in 10 minutes. The videos also sometimes had racially encoded language that emphasized "lighter brighter skin," the authors noted. The problem with 'Sephora kids' The "Sephora kids" trend, where children as young as eight or nine use anti-aging skin-care products purchased from beauty retailers such as Sephora, started rising in popularity last year — and so have attempts to stop it. In California, for example, Alex Lee, a member of the State Assembly, has been pushing a bill that would ban the sale of anti-aging products that contain potent and harsh ingredients to kids under the age of 18. In May, CBS reported that the bill quietly died without a vote. And last December, Quebec's Order of Chemists published a warning that some skin-care products designed for adults and popularized on social media should be avoided by children because the active ingredients can be harmful to young skin. The products often contain strong active ingredients that young skin isn't properly equipped to handle, said Dr. Julia Carroll, a dermatologist and lecturer at the University of Toronto, who was not involved in the current study. WATCH | Quebec chemists warn about skin-care products and tweens: Younger skin is typically more sensitive, so ingredients like alpha-hydroxy acids and retinoids can cause irritation, drying, peeling and dermatitis, Carroll told CBC News. "It can actually sensitize their skin and give them a lifelong allergy to an ingredient," she said. The trend also creates a dependency where kids think they need a 10-step routine, Carroll added, "when really they just need a gentle cleanser, a moisturizer and a sunscreen." Gen Alpha drives sales Canadians spent almost $9 billion US on beauty and personal-care products in 2024. According to Statistics Canada, households started spending "substantially" more on personal care after the COVID-19 pandemic, increasing by 30 per cent in 2023 compared with 2021. Meanwhile, Generation Alpha continues to drive skin-care sales in the United States, according to recent Nielsen data. A global Mintel marketing intelligence report this year noted that this digital-first generation also has spending power projected to reach $5.5 trillion US by 2029, when the oldest of the cohort will be 19 years old. Members of Gen Alpha, who were born roughly between 2010 and 2024, see beauty influencers and their routines as sources of inspiration, the Mintel report says. "However, this acceleration into adult-oriented skin care often results in routines that prioritize appearance over health — a gap that the beauty industry must address," it adds. For now on TikTok, where there are some 18.3 million "Get Ready With Me" videos, Gen Alpha influencers show off their skin-care routines and "hauls" on videos with millions of views and comments. In the Pediatrics journal study, the authors found that these products tend to be marketed heavily to younger consumers. They also expressed concern that it's "nearly impossible" for parents and pediatricians to track exactly what children or adolescents are viewing. "We're seeing kids as young as eight or nine who are using anti-aging ingredients they picked up on TikTok," Carroll said. "You're setting kids up for an unrealistic beauty standard that isn't really appropriate for an eight-year-old, nine-year-old, 10-year-old. They already have usually pretty perfect skin, so to set them down that road that early can be quite harmful." LISTEN | How do cosmetics affect my skin health?:

Watch: Steve Carell surprises graduates with dance break during Northwestern University event
Watch: Steve Carell surprises graduates with dance break during Northwestern University event

Mint

timea day ago

  • Entertainment
  • Mint

Watch: Steve Carell surprises graduates with dance break during Northwestern University event

Northwestern University's 167th commencement ceremony turned unexpectedly joyous on June 15, when actor and comedian Steve Carell took the stage and brought more than just advice—he brought a dance party. Addressing a crowd of over 2,500 graduates at Chicago's United Centre, Carell—best known for playing Michael Scott in The Office—infused his speech with wit, sincerity, and an impromptu moment of celebration. After receiving an honorary degree from the university, he declared mid-address, 'It is time now to follow me in the mid-commencement address dance break,' before breaking into a groove as The Ting Tings' That's Not My Name echoed through the hall. Carell danced alongside students and School of Communication Dean E. Patrick Johnson, eventually leaping off stage to join graduates on the floor. 'That was as invigorating as it was disturbing,' he quipped, gasping for air after the minute-long break. 'Wow, am I out of shape?' The actor used the moment not just for laughs but to underscore a deeper message. Blending comedy with introspection, he urged graduates to lead with empathy and resilience. 'Kindness isn't a weakness—it's a very potent strength,' he said. 'Take care of one another. Remember to laugh when you have the opportunity, and cry when necessary. And as evidenced before, just dance sometimes.' Carell also touched on ambition and self-doubt, encouraging students to convert jealousy into admiration and use it as a source of motivation. In classic comedic fashion, he added a final bit of advice: 'Now is the perfect time to exploit your parents' guilt… they might even let you live in the basement for an extra six months.' The event held personal significance for Carell—his daughter Annie graduated from the School of Communication in 2023, and his son Johnny is part of the class of 2026. His address left the audience not only laughing, but also reflecting, and dancing, a fitting send-off for a new generation stepping into the world.

Video captures Steve Carell's dance party during Northwestern commencement speech
Video captures Steve Carell's dance party during Northwestern commencement speech

Yahoo

time2 days ago

  • Entertainment
  • Yahoo

Video captures Steve Carell's dance party during Northwestern commencement speech

Northwestern University's commencement turned into an impromptu dance party thanks to commencement speaker Steve Carell. Halfway through his speech, Carell, who was presented with an honorary degree during the June 15 ceremony, broke into a dance. "It is time now to follow me in the mid commencement address dance break," Carell said during the speech as the music is amped up. The actor started by grooving to "That's Not My Name" by The Ting Tings before joining School of Communications E. Patrick Johnson in a shimmy on stage. He then ran off the stage and into the crowd of graduates as everyone danced along, tapping their feet and waving their arms. "That was as invigorating as it was disturbing," Carell joked after the minute-long break as he caught his breath. "Wow, am I out of shape." Northwestern University celebrated its 167th annual commencement June 15 at the United Center in Chicago, where family, friends and supporters gathered to celebrate graduates, more than 2,500 of whom were in attendance. During his commencement address, sprinkled with his signature humor, Carell reminded graduates to be kind and take care of each other and channel their insecurities and fear into something constructive, saying, "Turn your jealousy into admiration and use it to fuel your ambition in a positive way." "Remember the little things, like being kind and that you're not alone," Carell said. "Kindness isn't a weakness—it is a very potent strength. Take care of one another. Remember to laugh when you have the opportunity and to cry, when necessary." Never miss a viral moment: for USA TODAY's Everyone's Talking newsletter. "As evidenced before, just dance sometimes," Carell added. "And keep in mind that as badly as you feel about the state of the world, your parents probably feel worse. Use that, take advantage of that," he continued. "Now is the perfect time to exploit your parents' guilt and to emotionally blackmail them. They might even let you live in the basement for an extra six months." Carell's daughter, Annie, graduated from the School of Communication in 2023. His son, Johnny, is a member of the class of 2026 at the same school, according to Northwestern. Saman Shafiq is a trending news reporter for USA TODAY. Reach her at sshafiq@ and follow her on X and Instagram @saman_shafiq7. This article originally appeared on USA TODAY: Steve Carell, graduates dance during Northwestern commencement

'Sephora kids' are using anti-aging creams. A new study says harms aren't just skin deep
'Sephora kids' are using anti-aging creams. A new study says harms aren't just skin deep

CBC

time2 days ago

  • Health
  • CBC

'Sephora kids' are using anti-aging creams. A new study says harms aren't just skin deep

If you've recently witnessed a 10-year-old smear their face with an $80 anti-wrinkle cream — either in real life or in any number of "Get Ready With Me" TikTok videos — you're probably already aware of the "Sephora kids" skin-care trend that has young people clamouring for anti-aging products thanks in part to what they see on social media. Now, a new study published in Pediatrics this month, the first peer-reviewed paper of its kind, found that skin-care solutions promoted on TikTok not only offer little to no benefit for children and teens, but they can actually be harmful. And the risks go beyond skin damage (although, there is that, too), the authors note. "It's problematic to show girls devoting this much time and attention to their skin," corresponding author Dr. Molly Hales, a postdoctoral research fellow and dermatologist in the department of dermatology at Chicago's Northwestern University Feinberg School of Medicine, said in a news release. "We're setting a very high standard for these girls. The pursuit of health has become a kind of virtue in our society, but the ideal of 'health' is also very wrapped up in ideals of beauty, thinness and whiteness." The authors in the study analyzed 100 unique videos by content creators between the ages of seven and 18, with an average 1.1 million views each. On average, each regimen featured six products, totalling about $230 Cdn. On the higher end of the scale, some of the girls used more than a dozen products on their faces, the authors said. WATCH | Explaining the 'Sephora kids' trend: Breaking down the 'Sephora kids' trend 1 year ago Duration 8:18 Social media is abuzz about the number of tweens obsessed with makeup and skin care in a trend dubbed 'Sephora Kids.' CBC's Anya Zoledziowski explains how they're getting hooked and why experts have mixed opinions on whether we should be worried about it. They found that only a quarter of the skin-care routines included sunscreen use, the most popular videos contained an average of 11 irritating active ingredients for young skin (such as hydroxy acids) and the content creators often layered multiple active ingredients or the same one over and over in multiple products. In one video, the authors say, one girl applied 10 different products on her face in 10 minutes. The videos also sometimes had racially encoded language that emphasized "lighter brighter skin," the authors noted. The problem with 'Sephora kids' The "Sephora kids" trend, where children as young as eight or nine use anti-aging skin-care products purchased from beauty retailers such as Sephora, started rising in popularity last year — and so have attempts to stop it. In California, for example, Alex Lee, a member of the State Assembly, has been pushing a bill that would ban the sale of anti-aging products that contain potent and harsh ingredients to kids under the age of 18. In May, CBS reported that the bill quietly died without a vote. And last December, Quebec's Order of Chemists published a warning that some skin-care products designed for adults and popularized on social media should be avoided by children because the active ingredients can be harmful to young skin. The products often contain strong active ingredients that young skin isn't properly equipped to handle, said Dr. Julia Carroll, a dermatologist and lecturer at the University of Toronto, who was not involved in the current study. WATCH | Quebec chemists warn about skin-care products and tweens: Quebec chemists warn about children using certain skin-care products 7 months ago Duration 2:02 Quebec's Order of Chemists is warning that some skin-care products, designed for adults and popularized on social media, should be avoided by children because the active ingredients can be harmful to young skin. Younger skin is typically more sensitive, so ingredients like alpha-hydroxy acids and retinoids can cause irritation, drying, peeling and dermatitis, Carroll told CBC News. "It can actually sensitize their skin and give them a lifelong allergy to an ingredient," she said. The trend also creates a dependency where kids think they need a 10-step routine, Carroll added, "when really they just need a gentle cleanser, a moisturizer and a sunscreen." Gen Alpha drives sales Canadians spent almost $9 billion US on beauty and personal-care products in 2024. According to Statistics Canada, households started spending "substantially" more on personal care after the COVID-19 pandemic, increasing by 30 per cent in 2023 compared with 2021. Meanwhile, Generation Alpha continues to drive skin-care sales in the United States, according to recent Nielsen data. A global Mintel marketing intelligence report this year noted that this digital-first generation also has spending power projected to reach $5.5 trillion US by 2029, when the oldest of the cohort will be 19 years old. Members of Gen Alpha, who were born roughly between 2010 and 2024, see beauty influencers and their routines as sources of inspiration, the Mintel report says. "However, this acceleration into adult-oriented skin care often results in routines that prioritize appearance over health — a gap that the beauty industry must address," it adds. For now on TikTok, where there are some 18.3 million "Get Ready With Me" videos, Gen Alpha influencers show off their skin-care routines and "hauls" on videos with millions of views and comments. In the Pediatrics journal study, the authors found that these products tend to be marketed heavily to younger consumers. They also expressed concern that it's "nearly impossible" for parents and pediatricians to track exactly what children or adolescents are viewing. "We're seeing kids as young as eight or nine who are using anti-aging ingredients they picked up on TikTok," Carroll said. "You're setting kids up for an unrealistic beauty standard that isn't really appropriate for an eight-year-old, nine-year-old, 10-year-old. They already have usually pretty perfect skin, so to set them down that road that early can be quite harmful."

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