In a significant legal move, the Federal Trade Commission (FTC) announced its decision to sue PepsiCo for engaging in unlawful price discrimination practices. The core of the complaint centers around accusations that PepsiCo provided a particular retailer—widely believed to be Walmart—with preferential pricing that gave it an unfair competitive edge in the market. This legal
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Women’s professional basketball has entered an exhilarating new phase with the launch of Unrivaled, a groundbreaking 3-on-3 league aimed at elevating the visibility and prominence of female athletes in sports. Co-founded by WNBA stars Napheesa Collier and Breanna Stewart, the league debuts with a host of significant sponsorship deals and substantial funding, setting the stage
On Friday, the Federal Aviation Administration (FAA) declared that SpaceX’s Starship rocket would remain grounded pending a thorough investigation into its recent midflight failure. This decision followed an eruption of debris that impacted commercial air traffic, prompting airlines to reroute numerous flights. The FAA confirmed in an official statement that, despite no casualties being reported,
The year 2023 represents a significant turning point for Zoox, Amazon’s ambitious endeavor in the realm of autonomous vehicles. With plans to enhance its operations and roll out a commercial robotaxi service, Zoox is striving to redefine urban transportation. Notably, co-founder and Chief Technology Officer Jesse Levinson expressed excitement about the company’s trajectory, emphasizing an
The landscape of agricultural equipment repair is undergoing scrutiny as the Federal Trade Commission (FTC) has initiated a lawsuit against the behemoth, Deere & Company. Allegations suggest that Deere has monopolized the repair service industry, imposing unnecessary costs and delays on farmers who are simply trying to maintain their machinery. This lawsuit is not merely
Firefly Aerospace, a Texas-based company known for its innovative rocket and spacecraft manufacturing, recently achieved a significant milestone by launching its lunar cargo lander, “Blue Ghost,” aboard SpaceX’s Falcon 9 rocket. This remarkable event took place early Wednesday in Florida and heralds the start of a 45-day voyage aimed at delivering essential payloads to the
Eli Lilly’s recent announcement to revise its revenue guidance presents a notable shift in expectations for investors and analysts alike. Earlier this week, the pharmaceutical giant revealed it anticipates generating approximately $45 billion in revenue for 2024, a decrease from its previous forecast of between $45.4 billion and $46 billion. While this figure still represents
As the holiday season draws to an end, a ripple of uncertainty has emerged within the stock market despite promising sales reports from several major retail players. In a surprising turn of events, companies like Lululemon, Abercrombie & Fitch, and American Eagle announced fourth-quarter outlooks that exceeded expectations, but their stock prices experienced declines shortly
Wildfires have become a recurrent crisis in California, particularly affecting the Los Angeles region, where families face dire consequences, including loss of homes and disruption to daily life. American Airlines, United Airlines, Southwest Airlines, and JetBlue Airways have implemented travel waivers to accommodate passengers whose flights are affected by this calamity. These waivers are pivotal,
In a notable move that reflects changing consumer behaviors, Nordstrom has recently revised its full-year sales forecast upwards. After a surprisingly strong holiday shopping season, both in-store and online, the Seattle-based department store chain now anticipates a revenue increase of 1.5% to 2.5% for the fiscal year, a significant shift from its previous estimate projecting
After filing for Chapter 11 bankruptcy in June 2020, a time when the world grappled with unprecedented challenges, Chuck E. Cheese has embarked on an ambitious journey towards revival. This iconic brand, synonymous with children’s entertainment for decades, has gone through significant transformations under the leadership of CEO Dave McKillips. Having shed approximately $705 million
If you’re eyeing international travel this year, there’s good news on the horizon, particularly for long-haul trips. Recent findings from flight-tracking service Hopper indicate that airfare for long-distance flights has decreased compared to the previous year. For instance, travel from the U.S. to Asia is experiencing an 11% reduction in average ticket prices, bringing the
As the travel industry continues to rebound in the post-pandemic world, Delta Air Lines has announced an exciting new partnership with Uber, coinciding with the end of its previous collaboration with Lyft. This strategic alliance aims to enhance the travel experience for SkyMiles loyalty program members by allowing them to earn frequent flyer miles on
In a marketplace increasingly defined by innovation and consumer preferences, Stellantis has taken a significant step by unveiling a redesigned line of Ram heavy-duty trucks. The Ram 2500 and 3500 series, including the chassis cab variants, have undergone extensive updates both inside and out. These changes come amid a worried backdrop of diminished sales, with