The Biden administration has announced that it will be providing free at-home Covid-19 tests to American households starting in late September. These tests can be requested through COVIDtests.gov, with each household being eligible for up to four free tests. This initiative aims to help keep families safe during the upcoming fall and winter season. Importance
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. Edgar Bronfman Jr. recently entered the scene with a competing offer, initially bidding $4.3 billion for Shari Redstone’s National Amusements. Bronfman proposed acquiring a minority stake in Paramount but later
Ford Motor’s recent announcement to delay production of a next-generation all-electric pickup truck and cancel plans for a three-row electric SUV marks a significant shift in the company’s electric vehicle strategy. Instead of focusing solely on all-electric vehicles, Ford has decided to prioritize the development of hybrid models and electric commercial vehicles. This decision comes
Alaska Airlines has successfully completed the regulatory investigation by the U.S. Justice Department regarding its acquisition of Hawaiian Airlines. This milestone marks a significant step towards the completion of the $1.9 billion deal between the two carriers. The Justice Department’s review period ended without any legal action to block the merger, clearing the way for
California Governor Gavin Newsom recently signed 10 new bills into law designed to combat retail crime in the state. These laws target various aspects of retail crime, such as shoplifting, theft from vehicles, organized theft, and online marketplaces where stolen goods are resold. Retailers have raised concerns about the rising challenge of retail theft, affecting
Starbucks, a coffee giant known for its iconic locations, has been facing operational challenges that have led to a decline in sales in recent quarters. One of the main issues plaguing the company is the overcrowding at its cafes caused by a high volume of mobile orders. This has not only frustrated customers waiting for
SpaceX is gearing up to launch its groundbreaking Polaris Dawn mission, marking the first-ever private attempt to have astronauts perform a spacewalk. This pivotal mission, purchased by billionaire Jared Isaacman as part of his Polaris Program, is scheduled to take off from Florida on August 26th, ushering in a new era of space exploration. Breaking
United Auto Workers President Shawn Fain has recently taken aim at Stellantis CEO Carlos Tavares in a video, accusing him of engaging in price gouging practices and failing to adhere to certain parts of the union’s labor contract with the automaker. Fain’s comments highlight a growing tension between the CEO and the union leader following
Starbucks has recently made a bold move by appointing Brian Niccol, the former CEO of Chipotle Mexican Grill, as the new CEO and Chair. This decision has been accompanied by a significant increase in Niccol’s compensation package to entice him to join the embattled coffee chain. Starbucks has disclosed that the majority of Niccol’s pay
Chipotle stock plunged by 10% on Tuesday following the announcement that CEO Brian Niccol would be stepping down from his position to assume the role of CEO at Starbucks. The stock ended the day down 7%, reflecting investor concerns about the leadership transition. Niccol had been with Chipotle since March 2018 and oversaw an impressive