LIV Golf is preparing to take its updated business plan and investor pitch on the road as soon as Thursday, in an effort to raise fresh capital to continue operations past the end of the current season, people familiar with the plans told CNBC.

The upstart golf circuit will be seeking financing in the range of $250 million to $350 million from potential investors, according to the people, who requested anonymity given the confidential nature of the discussions. The capital raise plans are being taken to market by boutique investment bank Ducera Partners, which is advising LIV Golf.

Parts of the proposal seen by CNBC are targeting qualified investors and aim to “fully recapitalize LIV and drive path to profitability.”

The move comes weeks after Saudi Arabia’s Public Investment Fund, or PIF, announced it would stop funding LIV’s operations after the 2026 season. PIF Chairman Yasir Al-Rumayyan also stepped down as the chairman of LIV Golf, which he founded alongside former professional golfer Greg Norman back in 2022.

The league said last month that a newly established independent board of directors had been put in place, led by capital markets and restructuring veterans Gene Davis of Pirinate Consulting Group and Jon Zinman of JZ Advisors. 

The new capital raise paves the way for league ownership to be controlled by not only new investors, but the league’s players and LIV management, as well. 

LIV may have a tougher road ahead to fundraise in the wake of PIF pulling its support. Multiple reports over the last several months have pegged PIF’s investment at more than $5 billion through the life cycle of its LIV involvement, which has yet to lead to a profitable golf league operation. 

Since its founding, LIV has garnered splashy headlines with massive contracts that were reportedly awarded to top talent to lure them away from the highly established PGA Tour. That vast spending was in part justified by having the vast resources of one of the world’s largest sovereign wealth funds backing it. 

Now that the PIF funding is no longer a cornerstone for the future of LIV, questions are being raised about how LIV CEO Scott O’Neil will restructure business operations without billions of dollars in funding. The league has hundreds of millions in player contract obligations and a goal of becoming profitable in the next two years.

Earlier this week, Bloomberg News reported that LIV had begun evaluating bankruptcy as a potential tool for resetting the stage for business operations with an aim of profitability. Bankruptcy filings have been used by other companies as a way to nullify contractual obligations in things like real estate and employment contracts.

The potential for bankruptcy has reportedly led some players within the LIV ranks to explore other avenues to continue their professional playing careers. Still, there are a number of high-profile LIV players who have recently expressed interest in keeping the LIV business operating as a going concern. 

During press availability at last week’s PGA Championship tournament at Aronimink Golf Club outside of Philadelphia, LIV Golfer and Legion XIII team captain Jon Rahm said he had faith in the work LIV was doing and its ability to come up with a good plan for the future. 

Rahm had previously acknowledged some of the news swirling around potential capital raises and restructurings.

“I do believe that for the business plan to change, whatever they’re coming up with, there will need to be some concessions on our part,” said Rahm, one of LIV’s highest-paid athletes, during a press conference at LIV Golf’s Virginia tournament at Trump National Golf Club in Potomac Falls, Virginia.

One of LIV’s biggest value propositions has been the prominent placement of team golf. During the early months after launching the league, insiders had promoted team golf as a potentially massive growth driver for the sport and had used the team aspect in pitches aimed at getting PGA Tour players to move to the newly minted circuit. 

The new funding plans will try to convince potential investors that team-based fandom and seasoned general managers will be key drivers of the business plan in the months ahead. 

LIV’s proposed calendar for next season will target 10 total team events across the world, according to the investor pitch viewed by CNBC, looking to replicate what it achieved with highly attended events in places like South Africa and Australia. The pitch also notes year-over-year growth in sponsorships, partnerships, ticket sales, retail and YouTube viewership.

One thing LIV will not have a problem getting as it kicks off its push for new investors is media attention.  Coverage of the ongoing battle between LIV and the PGA Tour has led to what looks like battle lines being drawn between those fans who are supportive of the long-established PGA Tour, versus those who are vocal supporters of LIV and its format.

Meanwhile, the golf world is also waiting on the next major update from the PGA Tour about its future operations, where more substantive updates are expected from CEO Brian Rolapp around mid- to late-June.

Wall Street’s benchmark S&P 500 index closed slightly higher after Thursday’s choppy session as oil prices finished lower and investors hoped for a Middle East peace deal even as the U.S. and Iran appeared to take directly opposing stances over Tehran’s uranium stockpile and control of the Strait of Hormuz. After spending the morning in the red, stocks clawed their way back to gains in afternoon trading while oil prices shifted from a rally to a decline as investors monitored social media for news on the peace progress.

While U.S. Secretary of State Marco Rubio told reporters there had been “some good signs” in talks with Iran, he also said a diplomatic deal would be unfeasible if Tehran implemented a tolling system in the Strait of Hormuz, a key oil transit route. Earlier, a Reuters report signaled a hardening stance from Tehran, with Supreme Leader Ayatollah Mojtaba Khamenei issuing a directive that uranium should not be sent abroad. However, President Donald Trump said the U.S. will eventually recover Iran’s stockpile of highly enriched uranium, which Washington views as weapons-related, while Tehran maintains it is for peaceful use.

Jason Pride, chief of investment strategy and research at Glenmede, said volatility was driven by geopolitical speculation. He noted that with earnings season largely over, market focus has shifted back to Iran, leaving sentiment sensitive to headlines and potential deal developments.

According to preliminary data, the S&P 500 gained 11.54 points, or 0.16%, to 7,444.51, while the Nasdaq Composite rose 25.82 points, or 0.09%, to 26,296.18. The Dow Jones Industrial Average climbed 278.91 points, or 0.56%, to 50,288.26.

Marc Dizard, chief investment officer at Huntington Wealth Management, said markets remain sensitive to every geopolitical headline, though the fragile ceasefire appears to be holding and an off-ramp remains possible. He added that the extent of progress between the U.S. and Iran remains unclear even to most investors.

Investors also reacted to corporate earnings. Walmart shares fell after it forecast second-quarter profit below estimates and maintained its annual targets, citing pressure from high fuel prices and potential retail inflation if costs stay elevated.
Among S&P 500 sectors, consumer staples led losses, weighed down by Walmart and other retailers including Casey’s General Stores and Costco Wholesale. Nvidia also declined as investors booked profits following its strong outlook and share buyback announcement, amid concerns about rising competition from Intel and AMD.In economic data, jobless claims fell, signaling labor market resilience and supporting expectations that the Federal Reserve may stay focused on inflation risks. U.S. manufacturing activity also rose to a four-year high in May, driven by inventory building amid supply and price concerns linked to the Iran conflict.

Among other movers, IBM gained on news of U.S. government-backed investment in quantum computing ventures, including a new IBM project. GlobalFoundries and several quantum computing firms also rose. Intuit shares dropped after cutting its TurboTax revenue forecast and announcing workforce reductions.

Peter Anevski
CEO & Director

Good afternoon. I’m Pete Anevski, Chief Executive Officer of Progyny and a member of the Board of Directors. I’m very happy to welcome you to the Progyny 2026 Annual Stockholders Meeting.

Before I call the meeting to order, I’d like to welcome our Board members in attendance and introduce the business team members who are with us today. The other officers of Progyny in attendance are David Schlanger, Executive Chairman; Mark Livingston, Chief Financial Officer; and Allison Swartz, General Counsel, who will also be acting as Secretary for today’s meeting.

I’d also like to introduce John Valla of Ernst & Young LLP, Progyny’s independent auditors, who is available to respond to appropriate questions. We thank all of you for joining us today.

The meeting will now officially come to order. We will proceed with the formal business of the meeting as set forth in your notice of annual meeting and proxy statement. After the formal part of the meeting, we will give you an opportunity to ask questions you may have.

We’ll begin the meeting with a brief update on the business. As a reminder, remarks made today and in response to any questions may include forward-looking statements. Forward-looking statements involve risks, uncertainties and other important factors that are described in our SEC filings, including our first quarter Form 10-Q, and our actual results may differ materially from such statements. Any forward-looking statements that we make during the meeting are based on our beliefs and assumptions today, and we have no obligation to update them.

In

Susan Peterson

Good afternoon. My name is Susan Peterson, and I’m the Chair of the Board of Directors of Vista Group International Limited. And on behalf of the Board and our senior leadership team, it’s my pleasure to welcome you to our Annual Shareholders’ Meeting for 2026. Thank you to our share registrar, MUFG Pension and Market Services for hosting us at their offices and for providing the virtual meeting platforms for those joining online. The virtual meeting platform enables you to vote and ask questions, and we encourage your participation.

I’ll provide you with further instructions as we progress through the meeting. And if you encounter any issues, please refer to the virtual meeting guide or you can phone the help line on 0800 200-220 that’s 0800-200-220.

Now before we begin the business of this meeting, it’s my great pleasure to introduce my fellow directors. In no particular order, we have James Miller, who chairs our Audit and Risk Committee and sits on our Nomination and Remuneration Committee. We have Cris Nicolli, who chairs our Nomination and Remuneration Committee and also sits on our Audit and Risk Committee. We have Claudia Batten, who sits on both our Audit and Risk Committee and Nomination and Remuneration Committee. And we have Murray Holdaway, the Co-Founder of Vista Group, who is unable to join us today as he’s overseas. He’s asked me to pass on his apologies to you.

Now our CEO, Stuart Dickinson, is present with a number of our senior leadership team and our auditors, represented by [ John O’Cooby ] from PwC, are also with us today. Now Kelvin Preston, our

More than 120,000 Orb Funkee squeeze toys have been recalled after it was discovered that the sand filling inside the toys may contain fibrous tremolite, a form of asbestos. 

Imported by the Canadian company The Orb Factory Limited, the toys were sold nationwide at major retailers, including Walmart and Ollie’s Bargain Outlet, according to an alert from the U.S. Consumer Product Safety Commission.

If the sand inside the toy is inhaled, it can cause adverse and potentially serious health issues.

POPULAR COSTCO KITCHEN GADGET RECALLED AFTER FIRE HAZARD LEAVES PERSON BURNED

No injuries or incidents have been reported to date.

Ticker	Security	Last	Change	Change %
WMT	WALMART INC.	121.34	-9.51	-7.27%
OLLI	OLLIE’S BARGAIN OUTLET HOLDINGS INC.	83.07	+0.82	+1.00%

The toys retailed for between $5 and $40 and were on shelves from February 2025 through April 2026.

Roughly 121,340 units are affected by the recall.

COSTCO RECALLS POPULAR PRODUCT IN 2 STATES OVER POTENTIAL INGREDIENT MIX-UP

Since the recall targets two specific models of soft, stretchable toys, consumers should check for the date code 3102491A, which is printed on the hand of the large golden monkey or on the back of the smaller versions.

Those who own the toys are urged to immediately take them away from children and stop using them. 

The Orb Factory is offering refunds for the defective products.

CHECK YOUR FREEZER: ORGANIC ICE CREAM RECALLED IN 17 STATES OVER POSSIBLE METAL FRAGMENTS

To claim a refund, customers must place the toy in a heavy-duty plastic bag, seal it securely with tape and email a photo of the bagged product to customerservice@orbtoys.com.

If the toy has ruptured and sand has leaked out, the company said consumers should wear a mask and gloves, and clean up the escaped sand with a damp cloth before placing the toy, cloth, mask and gloves into a heavy-duty plastic bag. 

The bag must then be double-bagged, sealed with tape and disposed of according to local or state regulations.

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Anyone with questions can contact The Orb Factory directly at 800-741-0089 or via the recall information section on their website.

The Orb Factory Limited, Walmart and Ollie’s Bargain Outlet did not immediately respond to FOX Business’ requests for comment.

TUCSON, Ariz. — John Ramsey urged Savannah Guthrie’s family to closely monitor the investigation into the disappearance of Nancy Guthrie as the case reached 109 days without a confirmed suspect, public records and media interviews show.

The 84-year-old was last seen Jan. 31 and reported missing Feb. 1, and local, state and federal authorities have since collected thousands of hours of surveillance footage, submitted unidentified DNA for analysis and continued to process tips, according to statements from investigators and reporting from news organizations.

Ramsey, whose daughter JonBenét Ramsey was murdered in 1996 in a case that remains unsolved, spoke publicly about the Guthrie investigation during an interview with journalist Brian Entin and urged relatives to ask detailed questions about forensic testing and investigative progress. In the interview, Ramsey said families should not assume investigators have exhausted every lead and encouraged them to press for information about DNA testing and genetic genealogy, according to published excerpts of the interview.

Officials with the Pima County Sheriff’s Department and law enforcement partners have confirmed that the investigation remains active and ongoing, with no suspects named and no arrests announced. Investigators briefed the public at intervals after Nancy Guthrie’s disappearance and said they have received assistance from federal agencies, collected thousands of videos from traffic and residential cameras, and submitted DNA samples to state and federal laboratories for comparison and advanced analysis.

Public interest in the case has been intense since the disappearance was reported, and online speculation has at times targeted the Guthrie family despite law enforcement statements that immediate family members were cleared early in the inquiry. Authorities have not publicly identified a suspect or charged anyone in the case, and Pima County officials have repeatedly urged the public to submit tips and to avoid spreading unverified claims.

Investigators have described a wide-ranging evidence collection effort. Authorities said they have analyzed video from intersections and doorbell cameras near the Catalina Foothills-area home where Nancy Guthrie lived, reviewed cellphone and digital records, and followed up on leads generated by public tips. Law enforcement also said in public briefings that a masked individual initially flagged by investigators was later determined to be unrelated to the case.

Genetic genealogy has been used in the investigation, law enforcement sources and media reports indicate. Officials acknowledged that unidentified DNA is under analysis and that results from advanced testing and genealogical comparisons can take time as samples are reviewed and matched through investigative techniques that often involve multiple laboratories and databases. Federal guidance and public reports note that genetic genealogy has helped solve hundreds of cold cases in recent years, but officials have cautioned that not every sample yields usable genealogical leads.

The timeline released by authorities shows that the investigation accelerated in the days after Nancy Guthrie was reported missing and has continued through subsequent months. In early February, search teams and police canvassed the neighborhood, gathered surveillance footage and interviewed witnesses. By mid-February, authorities reported signs that suggested possible abduction and enlisted federal support, according to law enforcement statements. In March, investigators broadened forensic testing, including genetic genealogy work, and in April and May the probe expanded to analyze thousands of hours of video and additional digital records.

Family members and supporters have publicly appealed for information while also asking for privacy as investigators work through leads. Savannah Guthrie and her family have not provided frequent public updates beyond occasional social media posts and statements asking for assistance in locating Nancy Guthrie. Savannah Guthrie’s husband posted a tribute on Mother’s Day and thanked those who have shared tips and shown support.

Public pressure on the Pima County Sheriff’s Department increased as the 109-day mark approached. Social media users and some local commentators questioned the pace of public updates, noting that routine department posts sometimes focused on traffic incidents and unrelated arrests rather than investigative developments in the Guthrie case. Pima County officials have said they will release information as it becomes verified and have urged the public to rely on official channels for accurate updates.

Investigators have described the case as complex. Law enforcement sources said the area’s dense web of traffic cameras and residential doorbell systems has produced a large volume of footage that requires time-consuming review. Officials said they are cross-referencing timestamps and synchronizing multiple camera angles to reconstruct movements near the Guthrie residence and surrounding streets. Those efforts, law enforcement officials told reporters, are part of a methodical investigative process intended to ensure that leads are followed and evidence is properly documented.

Criminal justice experts who have commented in media coverage note that high-profile cases often attract intense public scrutiny and that families affected by such cases may seek outside advice or advocacy. John Ramsey’s comments — drawing on his experience with an unsolved, high-profile case — were framed by him as guidance for families navigating long, uncertain investigations. Ramsey said that questioning investigators and seeking clarity about testing and evidence is a way for families to remain informed, according to published interview excerpts.

Law enforcement officials continue to appeal for the public’s help. Authorities have asked anyone with information, no matter how small it may appear, to contact investigators through established tip lines. Investigators said leads continue to be evaluated and that the priority remains locating Nancy Guthrie and determining the circumstances surrounding her disappearance.

As the investigation marks more than three months, forensic work continues. Officials confirmed to reporters that unidentified DNA from the scene and other samples remain under analysis in state and federal labs, a process that can include multiple rounds of testing, comparison against national databases and the application of investigative genetic genealogy where appropriate. Agencies involved in the probe emphasized that forensic timelines can vary widely depending on sample quality and the complexity of the comparisons.

Authorities also emphasized that open, accurate public communication is essential and that investigators will release information when it is verified and legally appropriate. Law enforcement officials reiterated that speculation and the spread of unconfirmed theories can hinder investigative efforts and complicate the work of locating missing persons.

The Guthrie disappearance has prompted renewed discussion in media and among advocacy groups about how missing-person investigations are conducted and how families are briefed. Some commentators highlighted the role of advanced forensic methods, including genetic genealogy, in providing new investigative avenues, while others stressed the need for careful handling of sensitive evidence and respect for privacy as inquiries progress.

For now, the investigation continues without a named suspect, and law enforcement agencies say they are pursuing all credible leads. John Ramsey’s public remarks have amplified calls for transparency and for families to take an active role in seeking updates, but authorities cautioned that the investigative process requires time to ensure accuracy. The Pima County Sheriff’s Department and partner agencies maintain that their work is ongoing and that tips from the public remain a critical component of the probe.

Anyone with information related to Nancy Guthrie’s disappearance is urged to contact the Pima County Sheriff’s Department tip line or the FBI’s Phoenix Division. Authorities say even seemingly minor details can assist investigators as they continue to review forensic results and thousands of hours of video evidence.