Boardroom

Dr. Dre just helped bring one of the most advanced public high schools in California to life. Opening this August in Compton, the new $225 million campus spans 31 acres and replaces the original Compton High, which dated back to the 1930s. It’s fully digital—no physical books in the library—and designed for a modern learning experience, with open, light-filled classrooms and sliding glass doors. One of the crown jewels is a $10 million performing arts center funded by Dre himself, complete with a massive mural honoring the hometown legend. The rest of the campus is just as impressive. Students will have access to a full athletic complex with a pool, gym, and nearly every type of court and field, plus a tech-equipped weight room with iPads for tracking workouts.

Wrapped in hand-stitched leather with metal accents inspired by its iconic Kelly bag, Hermès' new headphones come in signature colors like chocolate, rouge H, and Prussian blue—with a $15,000 price tag.⁠ ⁠ It took over two years to develop and were built by hand near Paris, involving around 50 artisans. Hermès says the goal wasn’t mass production but precision, focusing on a few exceptional pieces rather than volume.⁠ ⁠ Specs are still limited, but they’ll support both Bluetooth and wired listening, with early reports hinting at top-tier sound. They’re expected to land in select Hermès stores by summer 2025, in very limited quantities.

Aryna Sabalenka leads all tennnis players in prize money so far this year, thanks to wins in Miami and Madrid.⁠ ⁠ (via Sportico)

Nearly 30 years after the original teed off, Adam Sandler is back with the trailer for Happy Gilmore 2—and it’s packed with more than just golf jokes.⁠ ⁠ The Netflix sequel drops July 25 and brings back OG cast members like Christopher McDonald (Shooter McGavin), Julie Bowen, and Ben Stiller—plus a stacked lineup of cameos. Travis Kelce makes his big-screen debut, Bad Bunny plays Happy’s caddie, and Eminem pops up with what Sandler calls an “insane” cameo. Also spotted: Kid Cudi, Margaret Qualley, Benny Safdie, Paige Spiranac, and golf legends like John Daly and Jack Nicklaus. Even Rory McIlroy, Scottie Scheffler, and Brooks Koepka make appearances.⁠ ⁠ The original Happy Gilmore grossed nearly $40 million on a $12 million budget and became a sports comedy cult classic. Now, Sandler’s aiming for a new generation—with a bigger swing stacked with star power.⁠ ⁠ (🎥: Netflix)

Hermès has officially passed LVMH to become the most valuable fashion company in the world. The luxury house is known for its handcrafted goods and scarcity-driven strategy, which has helped it outperform competitors despite a slower luxury market.⁠ ⁠ LVMH, still a global giant with over 75 brands, is facing a tougher stretch. Revenue fell in Q1 as demand dipped in China and the U.S., and questions about CEO Bernard Arnault’s succession plan have added some uncertainty.⁠ ⁠ The gap in performance highlights two very different approaches. Hermès has stayed focused on heritage and craftsmanship, while LVMH’s size and diversification leave it more exposed to shifts in the global economy.⁠ ⁠ (via companiesmarketcap.com)

Gerry Cardinale of RedBird Capital Partners thinks the sports world might be in bubble territory. He told CNBC that team valuations have gotten too high, too fast—and that the idea they’ll always go up isn’t a sound investment strategy.⁠ Backing that up is new data from Arctos Partners and the University of Michigan’s Ross School of Business. They built an index tracking sports team transactions over 60 years, and the takeaway is clear: valuations have increased every decade, with a particularly significant surge in recent years.⁠ ⁠ Cardinale isn't saying the industry isn’t valuable, but he’s warning investors to be cautious. At some point, he thinks the market needs a reality check.⁠ ⁠ (via CNBC)

Who runs the (podcast) world? Women. 🎙️⁠ ⁠ This week, women held down 4 of the top 5 spots—with Mel Robbins on top. It’s a big moment that shows just how much audiences are connecting with female-led shows across genres.⁠ ⁠ (via Apple)

Strava just saw a $700 million jump from its last valuation in 2020—and comes on the heels of its second acquisition in two months.⁠ ⁠ The app surged during the pandemic and hasn’t lost momentum. It now has over 150 million users worldwide and remains especially popular among Gen Z, marathoners, and pro athletes. In recent weeks, Strava has acquired two niche fitness apps: Runna, which provides personalized race training plans, and The Breakaway, designed for cyclists.⁠ ⁠ CEO Michael Martin says Strava grew its user base by more than 50% last year and is closing in on $500 million in annual recurring revenue. The app remains free to use, with premium features available through a paid subscription.⁠ ⁠ (via The Wall Street Journal)

Some of the biggest names in women’s hoops are building serious followings on IG. 🏀📈

CNBC Sport is shifting the lens from the court to the boardroom. 'Curry Inc: The Business of Stephen Curry' premieres June 4, offering a rare look inside the empire Curry is building beyond basketball.⁠ From media and fitness to spirits and philanthropy, Thirty Ink has become a blueprint for athlete-led ventures. The film tracks Curry’s evolution from MVP to mogul with exclusive access and behind-the-scenes footage.⁠ With appearances from Steve Kerr, Andre Iguodala, Under Armour’s Kevin Plank, and Curry’s executive team, Curry Inc breaks down the strategy behind one of the most influential athlete brands in the game.⁠ (🎥: CNBC)