00:00It's Benzinga, bringing Wall Street to Main Street.
00:02PepsiCo and Diageo withdrew sponsorships from London's Wireless Festival after organizers
00:07announced Kanye West, now known as Yeh, as the headliner, according to The Wall Street Journal.
00:12The festival is scheduled for July at Finsbury Park, with West set to perform all three days.
00:17His booking drew criticism from UK Prime Minister Keir Starmer, who called it,
00:22"...deeply concerning." Pepsi confirmed its withdrawal on Sunday, and Diageo followed
00:26later that day. West has faced backlash for his controversial past remarks. He said he was
00:31"...deeply mortified by his actions, attributed them to bipolar disorder, and outlined efforts
00:35to improve his condition." Adidas and Gap ended partnerships in 2022, and a 2024 settlement
00:41with Adidas involved no payments. He released a new album, Bully, on March 28th, and previously
00:46issued a public apology. For all things money, visit Benzinga.com.
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