The Federal Trade Commission (FTC) recently announced a lawsuit against PepsiCo for alleged price discrimination, which has sparked significant controversy in the food and beverage industry. The FTC claims that PepsiCo provided more favorable pricing terms to Walmart, an unnamed retailer referred to in the lawsuit, than to its direct competitors. This legal action is
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On Friday, the Federal Aviation Administration (FAA) announced that SpaceX’s ambitious Starship program is effectively on hold as it investigates the rocket’s catastrophic midflight failure during its latest test. The incident, which occurred shortly after takeoff and resulted in debris raining down, forced multiple airlines, including industry giants such as American Airlines, JetBlue Airways, and
As the landscape of transportation continues to evolve, the autonomous vehicle industry is about to witness a significant transformation with Amazon’s Zoox. Founded a decade ago and acquired by Amazon for $1.3 billion in 2020, Zoox is gearing up to introduce its highly anticipated robotaxi services. This year is pivotal as the company aims to
The introduction of a $2,000 out-of-pocket spending cap for prescription drugs is a transformative change for Medicare beneficiaries, a shift that is celebrated for its potential to ease the financial strain experienced by millions of older Americans. As reported by AARP, this change, which is part of the Inflation Reduction Act championed by President Joe
JPMorgan Chase, the largest bank in America by assets, is currently navigating a complex financial landscape characterized by a surplus of excess cash. In light of its astonishing profitability and revenue growth over the past year, the bank faces scrutiny from investors and analysts regarding its management of this capital. As the financial institution gears
In 2024, Boeing faced significant operational challenges, culminating in the delivery of only 348 airplanes, which is approximately one-third less than the previous year’s figures. This dramatic decrease can be attributed to several key factors, most notably a severe incident involving a midair door panel blowout that raised concerns about the company’s manufacturing processes and
On Monday, biotech giant Moderna Inc. made a dramatic revision to its sales projections for 2025, reducing estimates by approximately $1 billion. The new revenue forecast now sits between $1.5 billion and $2.5 billion, marking a significant pivot from previous expectations set in September, where the range was projected to be between $2.5 billion and
Southern California is currently grappling with the devastating effects of wildfires that have ravaged significant parts of Los Angeles. In response to these environmental crises, airlines such as American Airlines, United Airlines, Southwest Airlines, and JetBlue Airways have stepped in to help affected travelers by extending travel waivers. This proactive measure aims to eliminate the
On Friday, news broke that Nordstrom, the prominent department store chain, had unexpectedly increased its full-year sales forecast. This adjustment stems from stronger-than-anticipated holiday shopping results at both its physical locations and online platforms. The Seattle-based retailer, exercising prudence, maintained its profit guidance even in light of the heightened sales projections. The company now foresees
In a notable pivot towards the afternoon beverage market, McDonald’s has decided to close three of its larger CosMc’s locations, a specialized offshoot focused on drink and snack offerings. This strategy reinforces the fast-food titan’s commitment to experimenting with new concepts aimed at meeting evolving consumer preferences. The first CosMc’s opened over a year ago