Highlights:

• The Billionaires Behind Japan's Pop Culture Icons — Japan's pop culture franchises like Hello Kitty and Demon Slayer have created a class of billionaires in the country. Bloomberg Wealth

• Canada's Alberta to Hold Referendum on New Restrictions for Immigrants — Alberta will hold a referendum on restricting immigration and reducing newcomers' access to public services amid falling crude prices and budget shortfalls. Bloomberg Industries

• Toymaker Funko Attracts Deal-Minded Investor Pleasant Lake — Hedge fund Pleasant Lake Partners disclosed an investment in Funko Inc. and is pushing the company to launch a formal sale process. Bloomberg Industries

• Blue Owl's Woes Expose Private Credit Risks for Retail Investors — Blue Owl's redemption halt raises questions about liquidity risks in private credit funds previously seen as insulated from such mismatches. Bloomberg Wealth

• The $24 Billion Fortunes Fueling Japan's Soft-Power Riches — Japan's pop culture sector has minted billionaires worth $24 billion combined. Bloomberg Wealth

• Bank of America Commits $25 Billion of Its Own Cash to Private Credit Deals — BofA is committing $25 billion from its own balance sheet to private-credit deals, joining Wall Street rivals in the fast-growing market. Bloomberg Industries

• Mexico Food Company Herdez Soars 12% on Earnings Beat, Outlook — Grupo Herdez shares jumped 12% following an earnings beat and optimistic sales outlook. Bloomberg Industries

• The Seahawks are for Sale, Who Could Buy Them? — The Seattle Seahawks have been put up for sale days after winning the Super Bowl. Bloomberg Industries

• Brazil's Oncoclínicas to Announce New CEO as Ferrari Steps Down — Oncoclínicas founder and CEO Bruno Ferrari has stepped down; the Brazilian cancer treatment operator will present his successor to the board next week. Bloomberg Industries

• LA Fire Victims Can Pursue City Utility Claims, Judge Rules — A judge ruled that Los Angeles' water and power utility must face hundreds of lawsuits over its response to the 2025 wildfire that caused tens of billions in damage. Bloomberg Industries

• J&J Explores $20 Billion-Plus Sale of Orthopedics Unit — Johnson & Johnson is preparing a potential sale of its orthopedics unit with major buyout firms already interested. Bloomberg Industries

• United Airlines Overhauls Loyalty Program to Reward Cardholders — United Airlines is revamping its loyalty program to offer more benefits to co-branded credit card holders while reducing rewards for budget flyers. Bloomberg Industries