The Bob Woodruff Foundation is a charitable partner of the "Veterans on Wall Street Foundation," which promotes the development and retention of veterans in the financial services industry. Anne Marie Dougherty, Executive Director of the foundation, and Ruth Christopherson, senior vice president at Citi Community Development and Citi Salutes, joined Cheddar to discuss how veterans joining the workforce have been able to thrive on Wall Street. Christopherson explained that when it comes to helping veterans, competing banks are in the same team. The executive told Cheddar that Citi comes together with other banks to educate companies on the value of hiring veterans. A combination of educational initiatives, mentoring, outreach to the military, employee affinity groups, and an annual conference, allows Veterans on Wall Street to promote career development, support, and retention of jobs for veterans, in the global financial services industry. Veterans on Wall Street also hopes to break into other sectors including Silicon Valley, real estate, and hospitality. Dougherty believes there is a lot of potential in expanding the foundation beyond finance.

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Universal Music and AI song generator Udio partner on new AI platform
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
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