General Motors’ Cruise self-driving vehicle unit is set to make a comeback on U.S. roadways after a hiatus following an unfortunate incident in October. The company announced that it will redeploy cars in Phoenix, starting with a small fleet of human-driven vehicles. This shift in operations comes in the wake of the accident that occurred
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Brazilian private equity firm 3G Capital has recently made headlines with the quiet sale of its 16.1% stake in Kraft Heinz in the fourth quarter, signaling the end of an era for the company. This move comes nearly nine years after orchestrating the high-profile merger of Kraft Foods and Heinz with Warren Buffett. However, 3G’s
The recent solar eclipse brought about an unexpected surge in activity at some of the country’s smaller airports. Typically, disruptions in air travel are caused by bad weather or heavy traffic in major city hubs. However, on Monday morning, airports from Burlington, Vermont, to southern Illinois experienced a different kind of congestion – high demand
The cities of Denver and Boulder, Colorado, are currently undergoing significant economic transformations fueled by the tech industry. Denver’s skyline is evolving, while Boulder’s gross domestic product is on the rise. The growth in these cities can be attributed to various factors such as a strong military presence, renowned universities, and a focus on high-tech
As Gatorade approaches its 60th anniversary, it remains a top contender in the sports drink market. With a long-standing history since its inception in 1965, Gatorade has held a dominant position, accounting for 63.5% of the U.S. sports drink market in 2023. Its owner, PepsiCo, has seen rivals like Coca-Cola introduce brands such as Powerade
Artificial intelligence has revolutionized the field of weather forecasting, with recent advancements in generative AI promising to make predictions more accurate than ever before. Companies like Spire Global are leveraging these breakthroughs in AI technology to enhance their forecasting models and provide valuable insights to their customers. AI has played a key role in weather
CVS Health has recently announced a groundbreaking decision to include the first over-the-counter birth control pill in the U.S. in its drug plans, with no cost to many health plan sponsors. This move has the potential to revolutionize the way people access contraceptives and could pave the way for greater reproductive health rights for individuals
The preliminary results are in, and it seems that Disney shareholders have reelected the media conglomerate’s full board. This outcome is a significant setback for activist Nelson Peltz and former Marvel CEO Ike Perlmutter, who were pushing for change within the company. Despite the months of combative back-and-forth, Disney shareholders have ultimately decided to affirm
Private equity firm Silver Lake has made a significant announcement regarding the acquisition of entertainment company Endeavor Group Holdings. The deal involves the purchase of Endeavor’s shares at $27.50 each, resulting in a total equity value of $13 billion. This move by Silver Lake will see them taking full ownership of Endeavor, further solidifying their
Two directors at Warner Bros. Discovery, Steven Miron and Steven Newhouse, have resigned from their positions following an investigation by the U.S. Department of Justice into a potential antitrust violation. The company announced on Monday that Miron and Newhouse, who were appointed as directors in April 2022 as part of the merger between WarnerMedia and