Ford Motor Company recently announced a significant strategic shift in its plans for electric vehicles. The company is delaying production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans for a three-row electric SUV. Instead, Ford will prioritize the development of hybrid models and electric commercial vehicles. Ford’s CFO,
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Alaska Airlines recently announced that its plan to acquire Hawaiian Airlines has successfully cleared the U.S. Justice Department. This news comes after the antitrust regulators completed their investigation of the deal without filing a lawsuit to block the acquisition. The $1.9 billion agreement between the two carriers was announced eight months ago, marking a significant
Boeing recently made an announcement that it has decided to halt flight tests for its 777X planes due to the detection of damage in a structure of one of the wide-body aircraft. The damage was found in a custom part located between the engine and the airplane structure during routine maintenance. This prompted the company
The recent revelation by Gilead Sciences regarding a dangerous drug-counterfeiting operation has shed light on the alarming issue of tampering with HIV medications. The scheme, masterminded by Peter Khaim, a twice-convicted medical fraudster, operated out of two New York City pharmacies and involved the improper resale of Gilead medications. This revelation has raised concerns about
Starbucks, a once-beloved coffee chain, is now struggling to keep up with the demands of mobile orders, leaving frustrated customers and overwhelmed baristas in its wake. The incoming CEO, Brian Niccol, faces the daunting task of turning around the struggling giant, with operational issues at the forefront. Investors and executives have highlighted the challenges faced
Byron Allen, the media mogul known for his interest in acquiring various media assets, has been in the spotlight for consistently making late payments to network owners, causing frustration among his media allies. The media group owned by Allen has been reported to be as much as 90 days past due on payments to major
SpaceX is gearing up to launch the Polaris Dawn mission, marking a significant milestone in private space travel. This groundbreaking mission, part of billionaire Jared Isaacman’s Polaris Program, is set to take place at the end of the month and will feature the first-ever spacewalk attempted by a private venture. One of the most remarkable
Recently, a U.S judge granted a temporary injunction against media giants Disney, Warner Bros Discovery, and Fox, preventing them from launching their highly anticipated sports streaming service, Venu. This decision came in response to a lawsuit filed by Fubo TV, claiming that the introduction of Venu would be anticompetitive and disrupt their business model. Fubo
The collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy in “Deadpool & Wolverine” has completely redefined the potential for success of R-rated films in the industry. Surpassing Warner Bros.’ “Joker” as the highest-grossing R-rated title of all time, this Disney and Marvel film has impressively earned a total of $1.085 billion globally, with $516.8
In a recent video posted online, United Auto Workers President Shawn Fain didn’t hold back in his criticism of Stellantis CEO Carlos Tavares. Fain accused Tavares of price gouging consumers and failing to uphold parts of the union’s labor contract with the automaker. This marks the latest development in an ongoing feud between the CEO