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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
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Nike launches new fitness brand with Kim Kardashian’s Skims

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February 18, 2025, 4:15 PM ET
Kim Kardashian attends the SNL50: The Anniversary Special at 30 Rockefeller Center on February 16, 2025 in New York City.
Kim Kardashian attends the SNL50: The Anniversary Special at 30 Rockefeller Center on February 16, 2025 in New York City.Photo by TheStewartofNY/WireImage
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Nike Inc. and Kim Kardashian’s underwear label Skims are teaming up on a new fitness brand geared toward women. 

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Nike and Skims said in a statement they’re working on an “extensive line” of apparel, footwear and accessories together under the brand NikeSkims. The new partners say they have long-term vision for body-fitting activewear for women.

“This partnership is the culmination of that shared vision, delivering product that is meticulously designed to sculpt and perform for every body,” said Kardashian, Skims’ co-founder.

The first NikeSkims collection will debut in the spring, Kardashian said in the statement. Executives plan to expand the brand globally in 2026.

Nike has put a renewed focus on women athletes as it begins a turnaround effort under new Chief Executive Officer Elliott Hill. Earlier this month, it aired an ad at the Super Bowl for the first time in decades, spotlighting top women sports stars such as the WNBA’s Caitlin Clark, sprinter Sha’Carri Richardson and gymnast Jordan Chiles.

Nike shares rose as much as 2.2% in premarket trading on Tuesday in New York. The stock is down 3.5% this year through Friday’s close.

Puck News first reported that Nike was working with Skims on a partnership.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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