The situation regarding the thousands of American customers who have been unable to access their funds due to frozen fintech accounts seems to be seeing some light at the end of the tunnel. Banks such as Evolve Bank & Trust and Lineage Bank have reportedly made significant progress in piecing together account information for the
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In a move that could potentially shake up the pharmaceutical industry, the Federal Trade Commission (FTC) is reportedly planning to sue three major U.S. health companies for their practices as middlemen in negotiating prices for medications, particularly insulin. The agency alleges that these practices are inflating costs for patients, causing concern among consumers and industry
Athletic Brewing Company has recently announced a significant milestone by raising an additional $50 million in equity financing led by General Atlantic. The company’s CEO and founder, Bill Shufelt, expressed his optimism regarding General Atlantic’s continued investment beyond the initial amount. This influx of capital will be used to enhance production capacity and broaden the
Paramount Global has reached a significant milestone by agreeing to merge with Skydance, a deal that marks the end of the Redstone family’s control over the legendary movie studio and media company. The merger, which is the result of months of negotiations, will see a buying consortium that includes private equity firms RedBird Capital Partners
The surge in demand for air travel during the summer months has not translated to record profits for U.S. airlines. Despite projecting record demand and potential revenue growth, airlines are facing a disconnect when it comes to their bottom lines. The increased costs associated with labor and other operational expenses have significantly impacted the profitability
The semiconductor industry is currently grappling with a tight labor market as the competition for talent intensifies. With funding from the CHIPS and Science Act being distributed to boost domestic production, the demand for workers in this sector is soaring. According to a study by the Semiconductor Industry Association, there is a projected shortfall of
In a significant move within the retail industry, Hudson’s Bay Company (HBC) has announced its acquisition of Neiman Marcus Group for a staggering $2.65 billion. This acquisition will bring together two renowned retailers, Saks Fifth Avenue and Neiman Marcus, under the umbrella of Saks Global. The merger of Saks Fifth Avenue, Saks OFF 5TH, Neiman
The landscape of ownership in women’s soccer is rapidly changing, with private equity firms now playing a significant role in the industry. Unlike other major U.S. sports leagues, such as Major League Soccer, the National Basketball Association, Major League Baseball, and the National Hockey League, which have only allowed private equity investors to hold passive,
Weather delays have always been a major concern for air travelers. Even when the skies are clear at your departure city, a thunderstorm hundreds of miles away can still wreak havoc on your flight schedule. The Federal Aviation Administration often implements ground stops to prevent congestion at airports, leading to delayed departures and longer flight
General Motors recently reported its best quarterly sales in over three years, showcasing a notable increase in both full-size pickup trucks and all-electric vehicles. The Detroit automaker announced that its sales for the second quarter reached 696,086 units, marking a 0.6% increase from the same period last year. This represents the highest quarterly sales figure