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The Latest Breaking News from McKinsey

Racial parity in US colleges is 70 years away, Mckinsey says

It will take almost a lifetime — or seven decades — for U.S. colleges and universities to achieve racial parity among its freshman classes, according to analysis by McKinsey & Co.

Tribune News Service

2d Cir.: Identifying Dissident for Saudi Government Isn't Negligent

Is negligently providing information to a dangerous person comparable to negligently entrusting a gun to a dangerous person (assuming a reasonable person would have realized the person was dangerous)?

Reason

Short Circuit: A Roundup of Recent Federal Court Decisions

Retaliatory investigations, reckless investigating, and a consultant's duty.

Reason

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Documents reveal McKinsey's role in opioid epidemic

More than 114,000 documents reveal the role McKinsey played in consulting with drug companies at the height of the opioid epidemic.

Axios

Report reveals reasons behind huge backlog of 37,000 veteran requests for compensation

The Department of Veterans' Affairs keeps secret a damning report on its own staff shortages and delays in processing compensation.

ABC News

Why McKinsey & Co. Predicts Metaverse Valuation Will Soar To $5 Trillion by 2030

McKinsey & Company, a global consulting firm, announced that they see the metaverse growing into a $5 trillion economy by the year 2030.

Benzinga

Veterans 'failed' by govt, commission told

Ex-veteran affairs minister Darren Chester has faced a royal commission and been questioned about outstanding reforms during his tenure.

AAP

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The Battle to Build a Child-friendly Metaverse

As a young woman straps on her vest and headset and becomes immersed in a virtual world, Mainak Chaudhuri talks excitedly about the potential of the technology. "This is the first step towards the metaverse," Chaudhuri of French start-up Actronika told AFP at this week's VivaTech trade show in Paris.…

Asharq Al-Awsat

‘Oh my God, buy it!’ China’s livestream shopping stars risk being censored

Online sales stars enjoy huge influence but can fall foul of the authorities and vanish from the retail multiverse

The Guardian - UK

Nina Bhatia: the woman taking John Lewis from homewares to housing

The store’s strategy director aims to be making 40% of profits from outside retail – including rental properties – by 2030

The Guardian - UK

Metaverse Spending to Total $5 Trillion in 2030, McKinsey Predicts

Businesses' and consumers' annual global spending related to the metaverse could reach $5 trillion by 2030, according to a new report from consulting firm McKinsey & Co.

Bangkok Post

Health care consumers feeling economic sting

During the pandemic, Americans aged 50 to 64 said they've been skipping medications, cutting back on food and utilities to cover their medical needs. And they're increasingly worried about covering their future bills, according to newly released Gallup polling.

Axios

The RazReport Podcast: The Future Of Crypto Trading with Jakub Rehor, Co-Founder and CIO of Lucy Labs

In this edition of the RazReport we have Jakub Rehor Co-Founder and CIO of Lucy Labs. Jason Raznick:Welcome to the RazReport Podcast Jakub, lets start with basics, where did you grow up?

Benzinga

French police search McKinsey's Paris office in tax fraud probe

Police on Tuesday searched the Paris office of US management consultancy McKinsey as part of an investigation into suspected tax fraud, the financial prosecutor's office said.

Radio France Internationale

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France 24

Police search consultancy McKinsey’s office in Paris in tax fraud investigation

Police searched on Tuesday the Paris office of US management consultancy McKinsey in relation to an investigation into suspected tax fraud, the financial prosecutor's office said.

The Guardian - UK

‘No reward or recognition’: why women should say no to ‘office housework’

Accepting too many necessary yet thankless tasks is holding all women back, say the authors of The No Club

The Guardian - UK

First Thing: Putin warns Ukraine allies against intervention

Russian leader says any country that intervenes will be hit with ‘lightning-fast’ retaliation as UK calls for more support for Kyiv. Plus, global measles cases surge by 80% in a year

The Guardian - US

McKinsey denies illegally hiding work for opioid-maker Purdue Pharma while advising FDA

Consulting firm was protecting client confidentiality, chief says, and wasn’t obliged to disclose work advising drug manufacturer

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The Independent UK

McKinsey exec faces questions on opioid, FDA consulting work

A top McKinsey executive is answering congressional questions about his company’s consulting work for the Food and Drug Administration even as it advised opioid drugmakers on boosting sales

ABC News

Veterans boss raised concerns about private consultants interviewing families about department's performance

Australia's Veterans' Affairs boss warned against attempts to investigate her department's processing of claims, telling the minister last year she would "not support" an approach that specifically focused on families who had lost a relative to suicide.

Axios

The urgent need for "infrastructure czars"

With billions at stake, maximum coordination is needed.

France 24

'Screwed' either way: Macron-Le Pen presidential duel leaves young, leftist Mélenchon voters cold

French far-leftist Jean-Luc Mélenchon on Sunday fell just short of advancing to the presidential run-off, leaving far-right flagbearer Marine Le Pen to challenge Emmanuel Macron again for France's top job. But among 18- to 25-year-olds it was Mélenchon, 70, who won the night with 29 percent of their vote. What…

Radio France Internationale

French prosecutors to probe McKinsey consultancy over alleged tax fraud

French financial prosecutors have opened a preliminary investigation into suspected tax fraud by the American management consulting firm McKinsey.

Daily Mirror

High-flying medical graduate killed himself after struggling with long Covid

Medic Abhijeet Tavare, who joined the world-famous McKinsey management company after graduating, was found by his friends who went looking for him on the middle of the night

The Guardian - AU

What would following Australia’s ‘leadership’ on the climate crisis actually look like?

The Morrison government is touting their climate credentials but analysts say following Australia’s path would see 3C or more of global heating

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