San Francisco District Attorney George Gascón says three other California cities reached out to his office after he announced this week the city is wiping out Marijuana convictions dating back to 1975. Cheddar's Baker Machado spoke with Gascón about why he felt it was so important to clear these convictions. Bitcoin plummeted below the $9,000 mark on Thursday. This drop marks a two-month low for the cryptocurrency. Autonomous Partners Managing Director Arianna Simpson explains her bullish outlook on Bitcoin. Iconic music producer Quincy Jones is lending his expertise to a new index, the Quincy 100 Index. The fund is made up of 100 companies will focus entirely on music streaming companies and businesses.

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Nestlé dismisses CEO after he has relationship with a subordinate
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
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