In a significant legal move, the Federal Trade Commission (FTC) has initiated a lawsuit against PepsiCo, accusing the company of engaging in illegal price discrimination practices. The complaint alleges that the beverage behemoth offered favorable pricing to a specific retailer, thought to be Walmart, while disadvantaging its competitors. This action centers on the federal Robinson-Patman
Business
In a significant setback for SpaceX, the Federal Aviation Administration (FAA) has mandated that the company pause all activities related to its Starship rocket following a catastrophic midflight failure during a recent test launch. The explosion, which occurred shortly after takeoff, caused debris to rain down, prompting emergency responses and rerouting of commercial airline flights.
In the rapidly evolving sphere of autonomous vehicles, 2023 marks a pivotal moment for Zoox, Amazon’s ambitious autonomous vehicle division. The strategic initiatives undertaken by the company aim to revolutionize urban mobility with the introduction of its robotaxi services. Co-founder and Chief Technology Officer, Jesse Levinson, has expressed optimism about the company’s ability to launch
In a significant shift in healthcare policy, the new $2,000 out-of-pocket spending cap for Medicare prescription drugs stands to transform the financial landscape for older adults and other vulnerable populations across the United States. This policy, initiated at the beginning of 2023 under the Inflation Reduction Act championed by President Joe Biden, promises substantial savings
In the world of finance, having surplus capital can often be considered a “luxury problem,” yet it poses its own set of challenges. Recently, JPMorgan Chase has found itself in such a predicament, revealing a staggering $35 billion in excess cash—money that exceeds regulatory requirements. This situation gives rise to significant discussions among the bank’s
In 2024, Boeing’s operations faced significant hurdles, resulting in a considerable drop in aircraft deliveries. The aerospace company handed over just 348 airplanes, representing a staggering decline of approximately 33% compared to the previous year. Factors contributing to this downturn include a midair incident involving a door panel blowout and a fall season machinist strike
In a significant shift reflecting the evolving landscape of the biotech industry, Moderna announced on Monday a downward revision of its 2025 sales projections, estimating revenues between $1.5 billion and $2.5 billion. This marks a stark contrast to its prior forecast of $2.5 billion to $3.5 billion made just a few months prior. The adjustment
As wildfires devastate large swathes of Southern California, travelers looking to fly into Los Angeles are facing a scurry of operational adjustments from major airlines. With destruction affecting more than 10,000 homes and critical infrastructure, airlines have rapidly adapted their policies to accommodate customers impacted by this dire situation. Companies like American Airlines, United Airlines,
In a surprising turn of events, Nordstrom has raised its full-year sales outlook following a more robust holiday shopping season than initially predicted. This revision comes at a time when the retail industry has been navigating uncertain waters, marked by fluctuating consumer behaviors and economic challenges. The Seattle-based retailer has increased its revenue growth estimates
In an effort to diversify its offerings and capitalize on an evolving beverage culture, McDonald’s has launched CosMc’s, a concept aimed at providing a niche experience centered around drinks and light snacks. This venture began over a year ago in Bolingbrook, Illinois, and saw the creation of additional stores primarily in Texas, showcasing the company’s