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    DEI INITIATIVES

    Lockheed Martin to pay $29.5 million to settle federal claims it discriminated against white workers

    Lockheed Martin has agreed to pay $29.5 million to settle claims of discrimination against white employees. The company faced allegations related to its diversity and equity initiatives in an internal bonus program. This settlement includes $22 million to the U.S. government and $7.5 million to over 1,000 affected employees. A former Lockheed Martin vice president filed a whistleblower complaint leading to the investigation.

    Meet Victory Brinker, who became the world's youngest opera singer at 7 in 2019; 2 years later, all 4 America's Got Talent judges hit the Golden Buzzer for her

    Victory Brinker became famous in 2019 when she was crowned the youngest female opera singer in the world at the age of seven years and 314 days. Guinness World Records confirmed her feat after eight professional performances at Pittsburgh Public Theatre’s Lights and Legends show.

    Global M&A deal rush fades in third quarter as rising borrowing costs bite

    Global mergers and acquisitions activity saw a notable decline in the third quarter, totaling $993 billion. This figure marks a 41% decrease compared to the previous quarter, falling below $1 trillion. Despite this dip, worldwide M&A is up 28% year-to-date, reaching $3.9 trillion, the highest since 2001. Asia Pacific M&A experienced growth, totaling $242 billion, boosted by companies seeking strategic acquisitions.

    A $1 million Starbucks agreement in Florida puts its hiring & workplace diversity policies under fresh scrutiny as the company faces four years of compliance requirements

    Starbucks will pay one million dollars to settle a Florida lawsuit concerning hiring practices. The coffee company did not admit any wrongdoing as part of this agreement. Florida officials alleged race-based criteria were used in employment and advancement. Starbucks must now comply with Florida's Civil Rights Act for four years. This case highlights increased scrutiny of workplace diversity programs nationwide.

    Harvard, Stanford, Yale under scanner: Trump expands fight against elite colleges with focus on 'the diversity problem'

    The Trump administration is widening its campaign against US universities, shifting from antisemitism investigations towards diversity programmes, admissions, hiring and foreign influence. More than 100 institutions are reportedly facing scrutiny, while cuts and threats to federal research funding are increasing pressure on universities to change their policies.

    Deloitte to pay $21.5 million to settle US government probe over DEI

    The U.S. Department of Justice has concluded an investigation into Deloitte's diversity and inclusion efforts, leading to a $21.5 million settlement. Deloitte denies any discriminatory practices but has agreed to the settlement to resolve claims from a group challenging affirmative action, of which $4.3 million will be awarded to them as part of the deal.

    The Economic Times
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