Good morning. Joe Kiani was overwhelmed last September when Politan Capital shareholder activist Quentin Koffey pushed Kiani off Masimo’s board of directors in a two-year battle He founded and established a medical technology company More than 36 years. When Kiani quit as CEO, I assumed that billionaire entrepreneurs would focus on quests that were away from the public eye.
Not so. Kiani will be appointed CEO this morning Like similar labsa small company that develops innovative video technology for the entertainment industry. Kiani co-founded it after purchasing a Quebec-based company that created core technology, which he said will be the basis for some of the major product launches. He will continue to work in some aspect, but that marks his first return to CEO – despite being in a company with thirty people, or about 1% of Masimo’s employees.
Why do you have to return to the spotlight after such a public battle? “It took me several months to think,” he told me yesterday. “I just want to build products. I have these ideas about my own view of the world. I don’t need money or credit. I just do this effectively…it requires advanced signal processing, I know.” (Masimo’s core product is a pulse oximeter invented by Kiani.)
Kiani does have some advantages this time. One is Bob Chapek, the former Disney The CEO supports him as a member of Masimo’s board of directors and joins the new board. He also has resources, records and majority ownership, noting that “I won’t make the same mistake twice.”
Lessons shared from Masimo Battle? “Do your best. I’ve never seen activists come in and do a good thing for the company,” he said. Masimo shareholders may disagree because the stock price has risen about 45% since Kiani resigned on September 19, although it has dropped in the agency campaign and has fallen since the beginning of the year. “I don’t regret that I’m doing my best.”
Contact CEO every day through Diane Brady diane.brady@fortune.com
Top news
Trump announces new tariffs
On Monday, President Donald Trump announced a new round of tariffs – 40% in Myanmar and Laos, 30% in South Africa, 25% in Kazakhstan, Malaysia, Japan and South Korea, 25% in 25% Of 14 countries– Effective on August 1st. As a result, the US stock market fell.
The market is not taking it seriously
Global markets have been released this morning, indicating that Trump’s letters are not taken as seriously as his April 2 Liberation Day. The August 1 deadline (again delayed), each letter is a copy of the form and with the fact that “these tariffs can be modified or downwardly based on our relationship with your country” shows that this tariff negotiation process is far from over. “When investors can foresee future retreats, it seems like an effort to analyze every Trump social media post is wasted,” UBS analyst Paul Donovan told clients this morning.
Quotation for the day:
Trivariate Research CEO Adam Parker: “If you go into the details, I don’t even know if anyone knows what was announced today, what was previously there and whether it would actually implement the difference, and which companies it actually impacts.” Said on CNBC.
Trump restores Ukraine’s arms transport: “Putin is a bastard”
The president also wants to urge Germany to send more defensive weapons. The move shows that the relationship between Trump, Putin and Zelensky has undergone a fundamental change, while Kyiv rises and Moscow is in the Doghouse. “They (Ukrainians) should feel good at any time during President Trump,” Sources familiar with White House discussions told Axios. “Putin is a bastard.”
Elon Musk
The face of the richest man in the world Many legal obstacles To get his proposed new third party to vote. He will have to collect thousands of signatures and hundreds of volunteers. Of course, he has the money to achieve this. Then there is history. Third parties are often unsuccessful in winning elections: Ross Perot’s attendance in the 1992 vote would throw Bill Clinton’s election, while the Greens voted in 2000, arguably benefiting George W. Bush from Al Gore. Given that Musk is seeking revenge on Trump, this may be what he wants.
Assumption of double feeding chair
The Trump administration’s pressure on lowering interest rates continues to build on Fed Chairman Jerome Powell. wealthJason Horse describe How Powell’s role as chairman of the Federal Reserve Board and the Federal Open Market Committee has led to a split in the chair.
market
- Standard & Poor’s Futures This morning it rose by 0.12%. S&P 500 Index The index lost 0.79% yesterday. South Korea kospi This morning it increased by 1.81%. From Hong Kong Hang Forest Up 1%. China’s CSI 300 Up 0.84%. Japanese Nikkei 225 Increased by 0.26%. UK FTSE 100 It’s flat in early trading. Bitcoin Priced at $108K. Stoxx Europe 600 It dropped slightly in early trading.
From the analyst
- Deutsche Bank of the Federal Reserve: “Pete Navarro wrote in an alternative post that President Powell’s policies are causing “acute pain” for American families, and that if Powell does not voluntarily adjust the course, the board must take decisive action to prevent further economic harm.” We will get minutes of the FOMC meeting in June tomorrow, so more should be provided on how officials consider price cuts, the latest tariff letters, and the fact that the deadline appears to be pushing towards August 1, thus extending uncertainty, which means that the Fed cuts in September will become more difficult unless there is strong economic evidence,” he said.
- placer.ai on consumer shopping: In June 2025, shopping mall traffic increased for two consecutive months (YOY) visits, although indoor malls continued to show the strongest performance, while Yoy’s visits fell by just 0.7% in June. Tariff prices are expected to rise by June. Every Shira Petrack.
- Goldman Sachs on the S&P 500: “We raise our 3-, 6-, and 12-month S&P 500 return forecasts to +3% (6400), +6% (6600), and +11% (6900). Earlier and deeper Fed easy and lower bond yields than we previously expected, continued fundamental strength of the largest stocks, and investors’ willingness to look through likely near-term earnings weakness support our revised S&P 500 forward P/E forecast of 22 times (from 20.4 times).
Around the water cooler
Richard’Dick Islamic (Richard’Dick’Eastland Dave Smith and Wealth Intelligence
Social Security sends the wrong email saying “big bills” end taxes on benefits, which is actually changing Author: Alicia Adamczyk
Trump donors scam $250,000 in cryptocurrency after someone pretends to be Steve Witkoff Author: Ashley Lutz and Wealth Intelligence
AI can make anyone rich: Mark Cuban Sydney Lake
CEO Daily is edited and edited by Joey Abrams and Jim Edwards.
