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She presented her idea on Wednesday at the Sohn Investment Conference in New York for charity. Impactive earlier this month announced its intention to vote again three directors at the annual meeting.

William Heard, chief executive and chief investment officer at Heard Capital, recommends buying shares of Adobe (NASDAQ:ADBE). The software company is poised to win as content creators adopt artificial intelligence, he said.

John Yetimoglu, chief investment officer at Infinitum Asset Management, recommends shares of Southeast Asian tech company Sea Limited (NYSE:SE). The company owns Shopee, which has 55% market share in the region's e-commerce market. Sea shares have 30% upside this year, he added. Sea shares rose 5% on Wednesday.

David Rosen, founder of Rubric Capital, recommends buying shares of media company Canal+

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Sides are discussing a deal for about $24 a share, or $2.3 billion

Key Points

Dick’s Sporting Goods DKS -1.15%decrease; red down pointing triangle is nearing a deal to buy Foot Locker FL -3.31%decrease; red down pointing triangle for roughly $2.3 billion, according to people familiar with the matter.

A deal could be finalized as soon as Thursday, barring any last-minute snags, the people added.

The sides have discussed a deal at $24 per share for Foot Locker, the people said. That would be a nearly 90% premium to Foot Locker’s current price, which has dropped sharply this year.

Foot Locker shares closed at $12.87 on Wednesday, before soaring more than 60% in after-hours trading following The Wall Street Journal’s report on the talks.

Retailers, and sneaker companies, were rocked by President Trump’s tariff plans last month, which upended supply chains and costs. But Trump has paused most of those levies, including the fight with China that is most crucial to the sneaker world, easing the immediate crunch on the industry.

Foot Locker’s stock had slumped on the tariff announcements and remained down 40% this year, as of Wednesday’s close.

The retailer had guided for weaker sales this year, citing tariffs and the pricing changes Nike has been making to reinvigorate its own sales.

Foot Locker’s CEO, Mary Dillon, joined the company in 2022 from Ulta Beauty. At the beauty retailer, she helped expand Ulta’s online experience significantly and brought that same strategy over to Foot Locker.

Foot Locker’s turnaround plan has also entailed trying to win back key brand partners such as Adidas.

It has a sprawling real-estate footprint with roughly 2,400 locations in 26 countries, according to the company’s website. It also owns Champs Sports.

Dick’s, based in Pittsburgh, is the nation’s biggest sports retailing chain and also operates Golf Galaxy stores. The deal would be, by far, its biggest acquisition and would expand the company outside of the U.S.

Run by another female CEO, Lauren Hobart, Dick’s has been executing its own plan to win more consumers in a choppy environment. It’s plowed ahead with investments in megastores called House of Sport that offer experiences such as batting cages and outdoor playing fields to shoppers.

Dick’s shares are down 8% this year, giving it a market value of a little under $19 billion. They touched new all-time highs in January.

The deal follows the recent sneaker buyout of Skechers, which agreed to sell itself earlier this month for $9.4 billion to 3G Capital, a private-equity firm that has a history in the consumer-goods sector.

The tiny Gulf state has showered money on U.S. military and universities, giving it outsize geopolitical clout

Key Points

Qatar’s potential plan to provide a $400 million jumbo jet to the U.S. to use as Air Force One underscores how the tiny Gulf state has managed to diplomatically punch above its weight for years: It has a lot of money and is willing to spend it.

The country’s ruling monarchy has showered billions of dollars derived from its vast natural gas reserves on U.S. institutions, mainly the military and universities, while ramping up spending on lobbyists to tilt policy in its favor.

A growing chorus of Republicans and Democrats have criticized President Trump’s pursuit of the plane, arguing it presents national-security concerns.

Trump has defended the plane offer, saying he would be stupid not to accept it.

A senior administration official said Wednesday that Trump hopes to have the plane ready to use by the end of the year, and isn’t considering abandoning the plan. “The choice is accepting a gift and saving the American taxpayers hundreds of millions of dollars. There are no strings attached either contractually or implicitly,” the official said, adding: “It’s a beautiful plane for a beautiful price and what’s wrong with that?”

A spokesman for the Qatari Embassy in Washington said lawyers from both countries’ militaries were reviewing the plane’s possible transfer. “Qatar doesn’t stand to receive anything in return for the possible government-to-government transfer,” said Ali Al Ansari, calling it “a reflection of the strong security relationship” with the U.S.

It wouldn’t be the first time Qatar has given away a luxury airliner to a foreign state.

In 2018, Turkish President Recep Tayyip Erdogan said the ruling emir had donated a Boeing 747 to Ankara after hearing it was interested in a purchase. Qatar’s former prime minister once told a television interviewer that the previous emir gave his private Boeing 747 to the late Yemeni ruler Ali Abdullah Saleh.

And back in 2000, a member of the royal family gave another 747 to Iraq’s state-run airline in “solidarity” with the country and its ruler, Saddam Hussein, according to a U.S. news report from that year.

In a few cases, Qatar has also been implicated in alleged bribery schemes involving U.S. officials.

A political influence campaign helped end the career of former Sen. Robert Menendez, who was sentenced in January to 11 years in prison. Among the charges: using his position to get Qatar to steer millions of dollars in investments from a state-backed fund to a New Jersey businessman who had given the lawmaker hundreds of thousands of dollars in bribes, some paid in gold bars. No Qatari officials were accused of wrongdoing.

Another influence-peddling case rocked the Brookings Institution think tank in 2022 when the Federal Bureau of Investigation investigated allegations that its president, retired four-star Marine General John Allen secretly lobbied U.S. national-security officials and lawmakers to get American backing for Qatar in its dispute with other Gulf countries. Allen resigned from Brookings, and the Justice Department later closed the case without bringing charges. Allen denied wrongdoing or accepting any fees for his efforts on Qatar, and said at the time he had been working on behalf of U.S. interests.

Qatar mixes economic statecraft practiced by many other U.S. partners and allies, including multibillion-dollar purchases of arms and other equipment that help intertwine its fate with America’s, with some less traditional arrangements. All that is turbocharged by its extreme wealth and small size—its $524 billion wealth fund holds the equivalent of more than $1.5 million per citizen. On Wednesday, the state-owned Qatar Airways announced during Trump’s visit that it planned to buy 210 Boeing jets in a deal the White House valued at $96 billion.

The result is a country with the landmass of Connecticut that enjoys outsize influence in Washington and has a seat at the table on numerous geopolitical issues where it otherwise wouldn’t even be an afterthought.

More recently, the country has embraced Trump Inc. as well. Last month, a Qatari minister appeared alongside Eric Trump as they unveiled a planned Trump-branded luxury golf resort being built by a private company in a larger Qatari-state project. The deal between Qatar and the developer was struck before the election, a Qatari official has said.

A Qatari fund also joined with a U.A.E. fund to invest another $1.5 billion with Trump’s son-in-law Jared Kushner for his inaugural private-equity fund last year, before the election. Kushner has said he told his investors they shouldn’t expect benefits as a result.

Qatar’s pursuit of influence is driven in large part by its precarious location in a conflict-strewn region: Nestled on the Gulf between two giants—Saudi Arabia and Iran—it is constantly worried about being wiped off the map. In addition to securing Western backing, Qatar has bankrolled the Al Jazeera television network, giving it sway across the Arab world, and pumped money into bigger but poorer states as well as groups including Islamist rebels in Syria at the height of that country’s civil war.

The country’s U.S. strategy has its roots in a sprawling air base located at the center of the peninsular nation. The Qataris have spent more than $8 billion since 2003 to build up and maintain Al Udeid, which hosts U.S. Central Command and some 10,000 American military personnel—enabling the U.S. to wage wars across the Middle East.

The base was critical to multidecade campaigns in Iraq and Afghanistan, including the 2021 withdrawal, and remains an important forward operating position for counterterrorism. The U.S. agreed last year to extend its presence at the base for another decade. Trump will address troops there Thursday before closing the Qatar leg of his four-day regional tour.

Ansari, the embassy spokesman, said Qatar is an “indispensable security and energy partner” to the U.S. and called its partnership with the Trump administration “very productive.” He said the U.S. would always be a key destination for Qatari investment, which creates jobs for Americans.

Around the same time that the base was gearing up, Qatar began paying top U.S. universities to operate campuses on Qatari territory. It is now the single largest foreign funder of American universities, according to U.S. Education Department data, providing more than $6 billion over the past 15 years through gifts or contracts with schools including Cornell, Georgetown and Northwestern.

Much of that money is tied to satellite campuses that have sprouted in a cluster near the capital Doha known as Education City, where small outposts of Texas A&M and Carnegie Mellon host hundreds of Qatari students in avant-garde buildings.

The outsize higher-education funding levels have drawn criticism since the start of Israel’s war in Gaza from Republican lawmakers and the Trump administration over allegations that the money from Qatar and other Arab states was skewing teaching about Israel and the region. Education Secretary Linda McMahon singled out Qatar in an April 23 statement on an executive order expanding oversight on foreign education gifts.

Ansari denied that Qatar interferes in the curriculum of any U.S. educational institution or has any influence on U.S. universities, calling that “deliberate misinformation” by “a campaign of bad actors” aiming to weaken the U.S. relationship and undermine Qatar’s mediation role in the Gaza war.

Along the way, Qatar boosted spending on Washington lobbyists. A major turning point came in 2017, when Gulf neighbors imposed an air and trade embargo following a greenlight from Trump during his first visit to Riyadh. Qatar ramped up its advocacy in Washington, taking on a burst of lobbying firms to press its case with lawmakers and the White House.

Its roster of registered lobbyists and public-affairs firms tops 18—costing more than $6.5 million in 2024—including at least four new firms since January, federal disclosures show.

Qatar’s lobbyists blitz congressional staffers with updates on issues such as the war in Gaza and security. Some call and text individual lawmakers including South Carolina Republican Sen. Lindsey Graham, the disclosures show.

One notable former Qatar lobbyist is Pam Bondi, the attorney general whom a spokesman said signed a Justice Department memo clearing the proposed arrangement involving Qatar’s gift of the 747. She represented Qatar for a lobbying firm that billed the country $115,000 a month until 2020.