The US president’s son-in-law. One of the largest alternative-asset managers. The CEO’s father who fleetingly commanded a fortune exceeding Elon Musk’s.

PepsiCo Inc. reached an agreement with activist investor Elliott Investment Management that includes a 20% reduction in its US product lineup and a sharper focus on affordability, while the soda and snacks company also plans layoffs as part of cost reduction efforts.

A joint venture between Blackstone Inc.’s real estate business, MW Group and DivcoWest struck a deal to purchase a Hawaiian commercial property owner Alexander & Baldwin Inc. in a $1.5 billion all-cash deal.

Victoria Ferres and Sami Ben Dechiche joined Morgan Lewis as investment management partners in Dubai, the firm announced Monday.

The co-founder and former CEO of Dallas-based logistics software startup Slync Inc. lost on Monday an appeal to undo convictions for misleading investors and misappropriating company funds.

Nomura Asset Management Co. plans to relocate dozens of staff from its Tokyo headquarters to offices in cities such as London and New York to develop its homegrown talent for investment and sales operations.