The future of Paramount Global hangs in the balance as the special committee announced an extension of the “go shop” period for its merger agreement with Skydance. This move comes in response to a competing offer from Edgar Bronfman Jr. Initially offering $4.3 billion, Bronfman raised more funds and submitted a revised offer of $6
Business
Ford Motor Company recently announced that they will be delaying production of a next-generation all-electric pickup truck at a new plant in Tennessee. In addition to this delay, they have also canceled plans for a three-row electric SUV. Instead, Ford will be prioritizing the development of hybrid models and electric commercial vehicles. The company plans
Alaska Airlines has successfully navigated through a crucial phase in its acquisition of Hawaiian Airlines. The U.S. Justice Department has given the green light for the merger to proceed, marking a significant milestone in the $1.9 billion deal between the two carriers. This development comes after months of anticipation and scrutiny, with the airlines now
Boeing recently announced that it has halted flight tests for its 777X aircraft due to the identification of structural damage in one of the planes. The damage was found in a custom part located between the engine and the airplane’s structure during routine maintenance. As a result, Boeing has grounded the remaining three 777-9 airplanes
Starbucks, a once-beloved coffee giant, is facing significant challenges in the digital age. One of the main concerns is the operational issues that have led to frustrated customers and overwhelmed baristas. With mobile orders accounting for roughly one-third of Starbucks’ total sales, the complexity of these orders has become a major obstacle in the smooth
Gilead Sciences recently made a shocking discovery regarding a dangerous drug-counterfeiting operation that involved tampering with its HIV medications and reselling them to unsuspecting patients. The operation, allegedly orchestrated by a convicted medical fraudster named Peter Khaim, took place in two New York City pharmacies – 71st RX and Best Scripts, located in Queens. This
Byron Allen’s media empire, consisting of broadcast stations owned by Allen Media Group, has found itself in hot water due to consistently late payments to network owners, including major players like ABC, CBS, and NBC. The delayed payments, totaling tens of millions of dollars, have left network owners frustrated and feeling neglected. This lack of
SpaceX is gearing up for its upcoming private mission called Polaris Dawn, scheduled to launch at the end of the month. This mission marks the first attempt to conduct a spacewalk by astronauts in a private venture. The Polaris Dawn mission is part of billionaire Jared Isaacman’s Polaris Program, which involves three separate flights that
The ongoing competition in the realm of sports streaming services has taken an interesting turn with the recent legal developments involving media giants such as Disney, Warner Bros. Discovery, and Fox. The lawsuit brought forth by Fubo TV against these companies has shed light on some crucial issues that impact both consumers and competitors in
The trio of Ryan Reynolds, Hugh Jackman, and Shawn Levy has achieved remarkable success with their latest film, “Deadpool & Wolverine.” Breaking records as the highest-grossing R-rated film of all time, the Disney and Marvel collaboration has proven to be a massive hit both domestically and internationally. The success of “Deadpool & Wolverine” signifies a