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Consumer goods giant Unilever said Tuesday it will split off its ice cream unit — which includes Ben & Jerry’s, Magnum and Breyers — as part of a restructuring affecting up to 7,500 mostly office-based workers around the world. The turnaround plan will start right away and is expected to finish by the end of 2025, delivering cost savings of around $868.3 million. Unilever said plans for the ice cream business spinoff are not yet final, but that a “demerger" that creates a new listed business is the most likely. The shakeup will leave the company with four core businesses: beauty and wellbeing, personal care, home care and nutrition.

Elon Musk said that his prescribed use of ketamine alleviates periods of low mood and is in the best interest of investors in Tesla and the other companies he runs. For Wall Street, “what matters is execution,” Musk said in an interview with former CNN anchor Don Lemon streamed Monday on YouTube. “From an investor standpoint, if there is something I’m taking, I should keep taking it,” he said referring to Tesla’s success.

Singapore is one of the largest financial hubs in Southeast Asia. And Singapore is hoping its latest bet gives the small island country an economic boost. Singapore is reportedly paying Taylor Swift $3 million per show to give the country a much-needed boost. Known for its strict, work-focused culture and the infamous chewing gum ban, the country is seeking a transformation by leveraging the star power of Taylor Swift, whose U.S. tours sparked an economic boom. As part of the agreement, she is taking an undisclosed sum of money and has agreed not to perform in other neighboring countries. And, given how high-profile Taylor Swift has become, even the Prime Minister of Singapore is chiming in on the controversy. He defended Singapore for hogging Taylor Swift. Taylor Swift’s six Singapore concerts could generate between $260M - $372M in the country’s economy. Singapore has become a hub for asset managers, with some calling it the "Switzerland of Asia." Ray Dalio, Ken Griffin, and Steve Cohen have all set up shop there since the pandemic. And thanks to bankers escaping Hong Kong's zero-Covid policies, Singapore is arguably the leading financial center in Asia. Takeaway: Singapore is finding that one of the easiest ways for the country to shed its stern reputation is through hosting concerts. They’ve recently hosted Ed Sheeran, Coldplay, and now Taylor Swift. With 70% of the Taylor Swift concert-goers expected to be coming from outside the country, Singapore is trying to invest in rehabilitating its image. If these cultural investments help Singapore eclipse Hong Kong as the leading financial center in Asia, the long-term benefits could be invaluable.