GLP-1 drugs, including popular medications like Wegovy, Ozempic, Zepbound, and Mounjaro, have been shown to reduce the appetites of consumers. A recent survey conducted by Morgan Stanley revealed that individuals taking these drugs are spending less on eating out at restaurants and ordering takeout. This decrease in spending is expected to have a significant impact
Business
The recent news that Volkswagen employees in Chattanooga, Tennessee have voted to join the United Auto Workers (UAW) has been met with great excitement by the labor organization. This victory not only marks a significant milestone for the UAW but also represents their first successful organizing drive of an automaker outside of Detroit’s Big Three.
The head of the Federal Aviation Administration recently announced an increase in the required amount of rest time for air traffic controllers. The decision comes in response to concerns over fatigue among controllers due to a staffing shortage. These changes will take effect within 90 days and will mandate that controllers have at least 10
Autonomous delivery drone startup Zipline recently celebrated its 1 millionth delivery to customers, marking a significant milestone in the company’s growth. Zipline, based in San Francisco, specializes in designing, building, and operating autonomous delivery drones for a wide range of clients, including hospitals, major brands like Walmart, and even CNBC Disruptor 50 companies. With over
Lululemon, a popular athletic apparel retailer, has made a strategic decision to close its distribution center in Sumner, Washington, resulting in the layoff of 128 employees. This move comes after the company opened a new, larger warehouse outside of Los Angeles, indicating a shift in its distribution strategy. The closure of the distribution center in
Netflix recently announced that it will no longer be providing quarterly membership numbers or average revenue per user starting next year. This decision marks a significant shift in how the company will report its financial metrics to investors. The move comes as Netflix reported earnings that exceeded expectations on both the top and bottom lines.
The aviation industry has faced a series of safety issues recently, from high-profile incidents like the Boeing 737 Max 9 door plug incident to United Airlines’ safety review with the Federal Aviation Administration. Despite these concerns, airline executives remain confident in the industry’s demand. United Airlines, Delta Air Lines, American Airlines, and Southwest Airlines all
Boeing, a major aircraft manufacturer, is once again facing criticism over safety and quality concerns following recent incidents. In a Senate hearing, a whistleblower who was a former Boeing engineer made alarming allegations regarding the manufacturer’s practices. The whistleblower, Sam Salehpour, claimed that corners were cut during the production of wide-body jets, potentially compromising safety
Recently, TGI Fridays and Hostmore, the chain’s U.K. franchisee, have announced an all-share deal valued at 177 million pounds, or $220 million. This merger will result in TGI Fridays being publicly traded on the London Stock Exchange under the ticker “TGIF.” The company’s headquarters will remain in Dallas, Texas, for its U.S. and global brand
United Airlines recently announced a significant adjustment to its aircraft-delivery expectations for the year, citing delays from Boeing as the primary reason. The airline now anticipates receiving only 61 new narrow-body planes in the current year, a sharp decline from the original estimate of 101. This decision comes amidst a series of challenges faced by