Golf legend Tiger Woods told a police officer he spoke to President Donald Trump on the phone shortly after his DUI rollover crash in Florida, a bodycam video obtained by TMZ and published Thursday shows.

“I was just talking to the president,” Woods is heard saying on the police video, as he walked over to an officer.

Woods is dating Trump’s former daughter-in-law, Vanessa Trump.

Woods, 50, was charged with driving under the influence after Friday’s crash, which occurred after his Land Rover clipped a truck’s trailer in Jupiter, Fla. The golfer had two opioid pills in his pants and had “bloodshot and glassy eyes,” “extremely dilated pupils,” and was “sweating profusely,” according to an arrest affidavit.

Shortly after the crash, Trump called Woods a “very close friend.”

“I feel so badly. He’s got some difficulty. There was an accident, and that’s all I know,” Trump told reporters. “He’s an amazing person, amazing man, but some difficulty.”

Woods said on Tuesday evening that “I am stepping away for a period of time to seek treatment and focus on my health. This is necessary in order for me to prioritize my well-being and work toward lasting recovery.”

He has pleaded not guilty in the case.

The White House did not immediately respond to a request for comment on the video.

On Holding has named co-founders David Allemann and Caspar Coppetti as co-CEOs, replacing Martin Hoffmann after a five-year tenure as CEO, as the Swiss sneaker maker looks to scale globally.

The leadership shakeup comes as On is preparing to enter its “next growth phase,” the company said in a statement Wednesday. 

On shares were down 4% in premarket trading.

Earlier this month, the company forecasted that sales growth would slow more than expected this year, sending shares sharply lower. 

“We don’t want to build a brand just for the next years,” Allemann told CNBC at the time, highlighting the company’s “strategic premium play” including being selective in which franchises they push. 

On, which went public in 2021 on the New York Stock Exchange, has been taking market share from legacy competitors such as Nike and Adidas with innovative products in performance footwear and apparel.

Allemann said the company managed to win over an “ageless athlete” and is taking additional market share in a variety of categories, including tennis and running.

Allemann and Coppetti will assume their co-CEO roles on May 1. Hoffmann, who was also previously held the position of chief financial officer for 13 years, will remain as an advisor until March 2027, On said. 

In January, the company named Frank Sluis as CFO, also effective ​May 1. Scott Maguire will take on the role of president and chief operating officer.

Hoffman led the company through its initial public offering in 2021 and through its three-year strategy to double sales by 2026 and become “the most premium global sportswear brand.”

“With the strategic roadmap for continued growth in place, the four partners collectively recognize that this is the right moment for Martin Hoffmann to step down,” On said Wednesday, adding that Hoffman will pursue philanthropic interests. 

— CNBC’s Gabrielle Fonrouge contributed to this report

The Women’s National Basketball Player’s Association ratified the terms of a new collective bargaining agreement Monday, calling it “transformational” and “bigger than basketball.”

The new CBA begins this season and runs through 2032.

When asked her opinion of the most important outcome from the deal, WNBPA President Nneka Ogwumike had two words: “Bank accounts.”

“Being able to have your worth tied mostly in your salary is all that we’ve been fighting for, and it’s what we were able to achieve,” Ogwumike told CNBC Sport in an interview.

The deal increases the average player salary to $583,000 in 2026 with the potential to increase to more than $1 million by 2032. The maximum salary for players will now be $1.4 million in 2026 and could grow to more than $2.4 million by 2032, based on current WNBA financial projections.

Ogwumike acknowledged the salary increases may change players’ plans for how they spend their off-seasons.

The average WNBA salary was $120,000 in 2025, spurring many players to play abroad or in other leagues, such as 3-on-3 league Unrivaled, for extra money.

“Prioritizing where you want to play is going to look a lot different now that we’ve been able to negotiate a structure, a salary structure, that is tied to the revenue of the business,” Ogwumike said.

Several WNBA players, including five-time WNBA All-Star Napheesa Collier, have expressed a loss of confidence in WNBA Commissioner Cathy Engelbert in recent months, criticizing her empathy and communication with players. Ogwumike expressed optimism that players will be able to work in tandem with Engelbert under the new CBA structure.

“I told her that we’re standing here with you, Cathy,” Ogwumike said. “We were able to come to this deal and go through the process of this deal, however bumpy or smooth it was, we got here. It’s important for her to understand that we as players are at the table with her and all WNBA leadership to have achieved something that’s incredibly historical. So, I feel like there probably isn’t a better way to represent us settling our differences and moving forward in a league that we all care about then by signing this deal.”

— CNBC’s Jessica Golden contributed to this report.

President Donald Trump on Friday urged Congress to “fix” what he described as an untenable financial situation in college sports because of the relatively new system of payments to football, basketball, and other players under name, image and likeness compensation.

Trump’s comments came at a White House roundtable on college sports that he was hosting.

“The amount of money being spent and lost by otherwise very successful schools is astounding, just in a short period of time,” Trump said. “It’s only going to get worse.

“It’s crazy,” Trump said. “Young people are being signed, 17-year-old quarterbacks for $12 million, 13 million, 14 million.”

“We have a seven-year freshman,” he said. “We’re seeing things that we’ve never seen before. We have college players that don’t want to go to the NFL because they’re making more money in college, right?”

“A lot of really bad things are happening, but basic questions like who is eligible to play are now virtually unregulated and decided randomly by judges rather than by reasonable, agreed-upon rules that could be very simple and very simply drawn,” he said.

“So this has grown into a major challenge.”

Critics of the NIL compensation system in college sports say that it undercuts the finances of schools and their educational mandate.

Shares of Adidas fell as much as 8% on Wednesday after providing a disappointing 2026 outlook, as it grapples with unfavorable currency swings and a hit from U.S. tariffs.

The German sportswear company sees 2026 revenue growth in the high single digits from 2025’s total of 24.8 billion euros ($28.86 billion).

Operating profit is expected to increase to around 2.3 billion euros, despite a 400 million euro negative impact from U.S. tariffs and unfavorable currency developments.

The profitability outlook “will disappoint” investors, as it was 15% below overall expectations, said RBC Capital Markets analysts. “The question will be how conservative is the EBIT guidance given adidas’ preferred approach to be prudent at the start of the year,” they added.

An implied 9% margin from operating profit of 2.3 billion euros is well shy of expectations, Jefferies analyst James Grzinic said.

Fourth-quarter sales and profit both slightly missed the mark at 6.1 billion euros and 164 million euros in constant currencies, respectively, according to FactSet estimates. 

“Driving double-digit growth in the fourth quarter despite all the external turbulence, and more than doubling our operating profit in the quarter made the year end very well,” said Adidas CEO Bjørn Gulden.

Adidas also presented mid-term targets on Wednesday, seeing currency-neutral sales growing at a high single-digit rate in 2026-2028, with operating profit expanding by a mid-teens annual growth rate over that period.

Shares of Adidas were last seen 6.7% lower, notching a fresh 52-week low.

Coming into Wednesday trading, Adidas shares had fallen about 43% over the past 12 months as investors remain skeptical about Adidas’ future.

The growth prospects of the global sportswear industry, characterized by excess supply and changing consumer preferences in China, represent another pressure point for investors. 

Country peer Puma and bigger U.S. competitor Nike have faced similar woes and are also in the midst of a turnaround. In October, Nike’s CEO told CNBC it would “take a while” for the company to return to profitable growth.

Adidas on Wednesday also extended CEO Gulden’s contract until 2030, in an apparent vote of confidence in his strategy.

Gulden took the reins in 2023 to steady the company after its split with rapper Ye, formerly known as Kanye West, over antisemitic comments and triggering a crisis for Adidas, which had been relying on sales of the Yeezy sneaker line that Ye fronted.

Software stocks have been hammered in recent weeks as investors worry about threats from artificial intelligence. In the startup world, Canva has been among the highest fliers due to its popularity with designers, but that market is showing vulnerability, with larger rival Adobe down 30% so far this year.

As Canva reckons with dramatic changes in the market, the design software vendor is getting acquisitive. The company said Monday that it’s purchased two startups — Cavalry and MangoAI — that stand to help it challenge Adobe.

Cavalry, a four-person startup, sells subscriptions to software for creating two-dimensional animations. MangoAI is a stealth-mode company, whose technology can be used for creating short videos for advertising. Terms of the deals weren’t disclosed.

Cameron Adams, Canva’s co-founder and product chief, told CNBC that customers have been asking what the company can offer in motion graphics. Cavalry, which Canva has used for its own projects, has gained attention among designers on social media as an alternative to Adobe’s After Effects for some work.

Canva will continue to operate Cavalry for people to use and buy independently, while also incorporating the animation technology into the core Canva product and the Affinity application for professional designers. Canva bought Affinity in 2024 and made it free in October.

Amazon, ByteDance, Google, and OpenAI all have employees that are paying customers, according to Cavalry’s website.

Canva plans to incorporate MangoAI into the Canva Grow advertisement generator, which is available through its business tier at $250 per person per year. The MangoAI technology is able to track video performance and make recommendations.

“There’s a whole bunch that goes into creating the right video,” Adams said. That includes “being able to cut stuff down, being able to repurpose content from other campaigns and put it together, being able to take a great call to action that happens at the end of one video and then append it to the hook that happens in another video,” he said.

“Analyzing all of that across your campaigns is the full vision of Canva Grow, and Mango will help enable that,” Adams added.

Canva said it ended 2025 with over $4 billion in annualized revenue, up 36% from a year prior. Adobe reported $6.2 billion in revenue for the November quarter, up 10%. Adobe’s market capitalization stood at $101 billion on Monday, while Canva said in August that it had been valued at $42 billion in a secondary share sale, before the recent plunge in software stocks.

Adams said Canva has seen instances of people directing generative AI models to create content such as slide presentations and social media posts. But AI can’t do everything, he said.

“AI is great at getting you to 80%,” Adams said. “That last 20% where you’re confident that you can push this piece of content out and truly represent your brand and speak to your audience and achieve the goals that you want to achieve is vital to have, and that last 20% is really tricky to do.”

Canva, which now has over 5,000 employees, is not currently raising a new funding round, Adams said.

“Our revenue growth has not stopped, our user growth has not stopped, and the quality of our product is getting better and better with the inclusion of AI,” he said.

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