In response to the surge of Covid-19 cases in the U.S. this summer, the Biden administration announced that it will be reintroducing a program to offer free at-home Covid-19 tests to American households. This initiative, scheduled to launch in late September, aims to provide families with the tools they need to stay safe during the
Business
The future of Paramount Global remains uncertain as the special committee announced an extension of the “go shop” period in the merger agreement with Skydance. Edgar Bronfman Jr. entered the picture with a competing offer of $6 billion, seeking to acquire a minority stake in Paramount. This offer aims to supersede Paramount’s existing merger agreement
Ford Motor recently announced a significant shift in its production plans, delaying the production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans for a three-row electric SUV. The company is now focusing on the development of hybrid models and electric commercial vehicles to better align with the market
Lowe’s recently announced a cut in its full-year forecast, citing a decline in quarterly sales and anticipating weakened spending on DIY projects. The company revised its total sales projection to be between $82.7 billion to $83.2 billion, down from the previous expectation of $84 billion to $85 billion. Comparable sales are now expected to decrease
United Auto Workers President Shawn Fain’s recent video accusing Stellantis CEO Carlos Tavares of price gouging consumers and failing to uphold parts of the union’s labor contract with the automaker has caused quite a stir in the automotive industry. While it is not uncommon for labor unions and corporate executives to clash over issues such
Starbucks has been facing a myriad of challenges lately, with operational issues at the forefront of its problems. Mobile orders have surged, creating chaos in stores and leaving both customers and baristas frustrated. As incoming CEO Brian Niccol steps into his new role, he will need to address these issues head-on to turn around the
SpaceX is gearing up for an extraordinary milestone in space exploration with the upcoming Polaris Dawn mission, set to take place at the end of this month. The mission, spearheaded by billionaire Jared Isaacman, marks the first of three flights acquired from SpaceX for the Polaris Program. Scheduled to lift off from Florida on August
The trio of Ryan Reynolds, Hugh Jackman, and Shawn Levy have achieved extraordinary success with “Deadpool & Wolverine”, which has become the highest-grossing R-rated film of all time, surpassing “Joker”. With an impressive $1.085 billion in global box office revenue, the movie has set a new benchmark for the Marvel Cinematic Universe and its ability