Neither President Biden nor any other U.S. government official plans to attend the 2022 Beijing Winter Olympics, per the Washington Post.

According to a CNN report, the Biden administration still hasn’t reached a final conclusion.

The White House’s potential plan is a response to alleged human rights violations in China and follows a group of bipartisan U.S. House members in July introducing legislation to initiate a boycott of the Winter Games that wouldn’t punish athletes.

• Any boycott would likely be approved before the end of November.
• The White House expects U.S. allies to make their own decision on whether to boycott.
• The 2022 Winter Olympics are scheduled to take place Feb. 4-20.

The White House isn’t the only entity responding to alleged human rights abuses in China, which the country has denied.

Earlier this year, Nike and Adidas voiced concerns following reports of forced labor in their supply chains, namely in cotton farms in the Xinjiang region.

An Activision Blizzard stakeholder group that owns 4.8 million of the company’s 779 million shares wants CEO Bobby Kotick and other executives to resign.

A Wall Street Journal report exposed Kotick for being aware of sexual misconduct allegations at the company for years but not informing the company’s board. The report resulted in a walkout by more than 110 employees on Tuesday and a call for his resignation.

The board responded to the reports, saying it remains “confident in Bobby Kotick’s leadership,” but the shareholders’ letter also asked Brian Kelly and Robert Morgado, the board’s two longest serving directors, to retire by the end of the year.

• Investment management companies Vanguard and BlackRock, which own more than 64 million and 58 million shares, respectively, did not sign the letter to the board. 
• NEI Investments signed — the group had decreased its number of shares to under 100,000 in July.

Kotick released a video Tuesday morning, saying, “Anyone who doubts my conviction to be the most welcoming and inclusive workplace doesn’t really appreciate how important this is to me.”

Activision Blizzard is also being sued by shareholders for violating securities laws, is under investigation by the SEC, and is facing an unfair labor practice complaint.

Manchester United recorded a $20.9 million first-quarter loss Wednesday — cutting year-over-year losses by nearly half — and posted $170.4 million in total revenue in its first earnings report since bringing back Cristiano Ronaldo.

With Old Trafford allowing full capacity again, matchday revenue skyrocketed 1,005.9% year-over-year to $25.3 million. The stadium has a 76,000 seating capacity. Broadcasting revenue fell 9% to $58.3 million, attributed to fewer games — it had jumped 88% year-over-year in Q2.

• The club’s retail, merchandising, apparel, and product licensing revenue grew 21.1% to $37.8 million.
• Sponsorship revenue fell 0.5% to $48.9 million.

Wages for the team are up 23.1% from the same period last year.

On Tuesday, the team confirmed discussions with its supporters’ trust about a new “fans’ share scheme” in which roughly $10 million worth of shares would be up for grabs. The Glazer family, who owns the team, sold off $186 million worth of shares last month and $96 million in March.

During the quarter, Ariel Investments increased its stake from 5% to 13.8%.

As of April 2021, Manchester United was valued at $4.2 billion by Forbes.