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The Latest Breaking News from McKinsey

Top economies face 'population collapse' as fertility rates drop, and something's got to give, study says

China's population is projected to crash 55% by the turn of the next century. Italy's will sink 41%, and Brazil's will drop 23%.

Fortune

Washington Post's new ‘riveting’ mission statement for ‘all of America’ sparks instant mockery

‘Quick don't look is this the statement for Disney Plus, Max, or The Washington Post,’ one observer noted after it as reported The Washington Post had embraced ‘Riveting Storytelling for All of America’ as its new motto.

The Independent UK

Duke Energy CEO Lynn Good's advice to her younger self

Also: Volkswagen and Porsche CEO struggles to juggle both roles, More Meta cuts on the way.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Ex-McKinsey partner pleads guilty to destroying records on opioids

Martin Elling pleads guilty to destroying records on advice provided to Purdue Pharma on how to ‘turbocharge’ sales

The Guardian - US

‘Virtual employees’ could join workforce as soon as this year, OpenAI boss says

Sam Altman says tools that carry out jobs autonomously, known as AI agents, could transform business output

The Guardian - UK

A Supportive Environment for Latino SMEs Could Produce $1.2 Trillion in Revenue in the Next Decades: Study

The report by McKinsey & Company explores the potential for Latino small-business growth, existing challenges, and potential ways to grow

Latin Times

How will AI reshape 2025? Well, it could be the spreadsheet of the 21st century

Large language models have changed how big corporations function, and the arrival of AI ‘agents’ – essentially automated Moneypennys – could prove irresistible

The Guardian - UK

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Latino Entrepreneurs See Progress in Credit Access, Yet Face Funding Gaps That Could Limit Growth

Despite the increase in credit applications, Latino-owned businesses still struggle with funding gaps, highlighting the need for targeted financial solutions to fuel growth.

Latin Times

Latinos in Hollywood: Untapped Talent Could Add $18 Billion Annually to the Industry

Despite making up 19% of the U.S. population, Latinos hold less than 5% of key Hollywood roles, limiting their full economic impact.

Latin Times

Latino Entrepreneurs Drive U.S. Business Growth Despite Challenges

Latino-owned businesses are growing rapidly, but closing key gaps in revenue and support could drive massive economic value and job creation nationwide.

Latin Times

McKinsey To Pay $650 Mn To Settle US Criminal Case On Opioids

Consulting giant McKinsey & Company will pay $650 million to settle US criminal charges that it collaborated with Purdue Pharma to intentionally misbrand opioids, worsening a public health crisis, officials announced Friday.

International Business Times

McKinsey to pay $650m to resolve US investigation into opioid crisis role

Consultancy giant agrees to two criminal counts, including for conspiring with drug manufacturers, in DoJ settlement

The Guardian - US

Mckinsey To Pay 0 Million In Purdue Pharma Settlement

McKinsey & Company agrees to pay 0 million in settlement for its role in Purdue Pharma's opioid crisis, impacting addiction and overdose prevention efforts.

Top News

Mckinsey Africa To Pay 2M Penalty For Bribery Scheme

McKinsey Africa to pay 2M penalty for bribery scheme involving South African officials. Settlement with U.S. Justice Department over 2012-2016 scheme.

The Guardian - AU

Agency overseeing $368bn Aukus deal in morale crisis paid consultancy $9.5m for management advice

Exclusive: Australian Submarine Agency’s ten-month contract with McKinsey says it’ll deliver skills ‘currently unavailable’ within government department

The Guardian - AU

Morning Mail: firm with fossil fuel links advises on climate policy, teen radicalisation warning, (not) the Christmas weather forecast

Federal climate change department outsourced work to consultancy with known links to oil and gas companies

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The Guardian - AU

McKinsey paid $1.6m to ‘guide’ Australian climate policy despite working for fossil fuel companies

Firm disclosed its private sector work, Guardian Australia is told, but it is not known which clients were listed

Fortune

Amid Gen Z’s love of cheaper, lab-grown diamonds, a natural diamond giant slashes prices

After holding out, De Beers cut prices by more than 10%, according to Bloomberg.

Fortune

Jamie Dimon says the next generation of employees will work 3.5 days a week and live to 100 years old

Jamie Dimon, CEO of JPMorgan Chase, says AI will enable people to work 3.5-day weeks in future.

The Guardian - UK

First Thing: ICC seeks Netanyahu’s arrest over allegations of ‘war crimes and crimes against humanity’

The international criminal court also issued warrants for Israel’s Yoav Gallant and Hamas’s Mohammed Deif. Plus, Matt Gaetz withdraws from attorney general nomination

The Guardian - US

Revealed: McKinsey clients had ‘rising share of global emissions’, internal analysis shows

Consulting giant had said it engages with clients to help them transition to cleaner energy even as it knew they were in line to exceed climate targets

Fortune

CEOs share how AI is shaking up the workforce—including an instance of 'robots outcompeting humans in real time'

Chinese startups can develop digital avatars almost as good as human streamers using just a few minutes of footage, noted McKinsey's Rodney Zimmel.

TechRadar

Transformation in banking is over, enter progressive modernization

Banks are updating existing tech infrastructure incrementally, rather than through a complete overhaul.

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