In response to the increasing spread of Covid-19 in the United States this summer, the Biden administration has announced a plan to provide free at-home Covid-19 tests to American households. This initiative aims to enhance public health safety and reduce the risk of infections as we head into the fall and winter seasons. The administration
Business
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
Ford Motor recently announced that it is delaying the production of a next-generation all-electric pickup truck at a new plant in Tennessee and has decided to cancel plans for a three-row electric SUV. The company is shifting its focus towards the development of hybrid models and electric commercial vehicles, such as a new electric commercial
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
Boeing recently announced that it has temporarily halted flight tests of its 777X aircraft after discovering damage to a custom part located between the engine and the airplane structure. The damage was detected during routine maintenance, leading to the grounding of the three remaining 777-9 airplanes in the test fleet. As a result of the
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
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
A recent legal battle has ensued in the world of sports streaming, pitting media giants Disney, Warner Bros. Discovery, and Fox against Fubo TV. The issue at hand revolves around the launch of Venu, a sports streaming service backed by the three companies. Fubo TV, a competitor in the internet TV space, has accused Venu