Papa John’s sinks nearly 20% on report Apollo withdrew its offer to take chain private

Shares of Papa John’s sank nearly 20% on Tuesday following a report that Apollo Global has withdrawn its offer to take the pizza chain private.

Reuters reported that the private equity firm backtracked on its bid, valued at $64 a share, about a week ago. The firm previously submitted an offer for Papa John’s alongside Irth Capital Management, according to Reuters.

Apollo and Papa John’s did not immediately respond to requests for comment.

Papa John’s is preparing to release its third-quarter earnings report on Thursday. The company’s stock is down nearly 30% in the last year.

Source

Art and classic car auctions top 0 million despite Iran war

Business

Art and classic car auctions top $600 million despite Iran war

March 12, 2026

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Global collectors shrugged off the stock market declines and the war in Iran last week to spend more than $600 million […]

Rivian’s crucial R2 EV launch to begin with ,000 model in spring

Business

Rivian’s crucial R2 EV launch to begin with $58,000 model in spring

March 12, 2026

Rivian CEO RJ Scaringe reacts at an event to unveil a smaller R2 SUV in Laguna Beach, California, on March 7, 2024. Mike Blake | Reuters Rivian Automotive will launch sales of its crucial R2 all-electric vehicle this spring with a roughly $58,000 special edition model, the company announced Thursday. The first of the R2 […]

Business

Amid Middle East conflict and new tax incentives, more family offices look to Hong Kong

March 12, 2026

Hong Kong’s Victoria Harbour. Yaorusheng | Moment | Getty Images As the Iran war rocks Dubai’s safe-haven image, Hong Kong’s expanding tax incentives for family offices may attract wealthy individuals reconsidering their Middle East exposure, lawyers and consultants told Inside Wealth. “We’re seeing a lot more interest in Hong Kong. This interest, especially in the […]