Business

Boeing’s Starliner capsule is set to return from the International Space Station empty, leaving NASA astronauts Butch Wilmore and Suni Williams aboard SpaceX’s Dragon spacecraft for their return trip back to Earth. This decision represents a significant shift from the initial plan, where Starliner was expected to bring the astronauts home. The change in plans
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The future of Paramount Global remains uncertain as the special committee announced an extension of the “go shop” period of its merger agreement with Skydance in response to a competing offer from Edgar Bronfman Jr. Initially offering $4.3 billion for National Amusements, Bronfman increased his bid to $6 billion, aiming to surpass the agreement with
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Alaska Airlines has successfully passed its plan to acquire Hawaiian Airlines through the U.S. Justice Department after the antitrust regulators completed their investigation of the $1.9 billion agreement. This clearance marks a significant step towards the consolidation of the two carriers with no lawsuit obstructing the deal. While the U.S. Justice Department has given its
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Starbucks, the once beloved coffee giant, has been struggling in recent times due to operational issues, mobile order complications, and changing consumer behaviors. With the upcoming appointment of Brian Niccol as the new CEO, the company faces a pivotal moment in its turnaround strategy. Operational Challenges The operational challenges faced by Starbucks have been a
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Gilead Sciences recently exposed a counterfeit drug operation involving its HIV medications that had been tampered with and illegally resold before reaching unsuspecting patients. This illicit scheme, allegedly orchestrated from two New York City pharmacies, was reportedly masterminded by Peter Khaim, a twice-convicted medical fraudster. The court documents unveiled this month revealed that Khaim was
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