Communications services shares declined on a late-week retreat by Walt Disney, Meta Platforms, Alphabet and NetFlix.

Private-equity firm TPG is launching a new talent management and representation company, with an initial investment in Hollywood talent manager Untitled Entertainment.

TPG said the new company will acquire, invest behind and build a diversified global business centered on talent management, representation and adjacent verticals.

Google and TikTok have banned Done Global from running ads on their platforms amid a widening federal crackdown on the distribution of Adderall and other stimulants by the telehealth company.


Write to Patrick Sullivan at patrick.sullivan@wsj.com

(END) Dow Jones Newswires

06-28-24 1748ET