In a striking move, the Federal Trade Commission (FTC) has chosen legal action against PepsiCo, focusing on allegations of illegal price discrimination within the food and beverage sector. In a complaint filed on a recent Friday, the regulator accused PepsiCo of granting preferential pricing to a specific retailer, now widely speculated to be Walmart, the
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On Friday, the Federal Aviation Administration (FAA) announced that SpaceX’s Starship program is on hold pending investigations into the midflight failure experienced during its latest test flight. This setback has significant repercussions, not only for SpaceX but also for various airlines that had to reroute flights in the aftermath of the launch. The FAA’s decision
In the world of autonomous vehicles, Zoox, a subsidiary of Amazon, stands at the forefront of innovation as it prepares to launch its robotaxi service in Las Vegas later this year. With ambitious plans brewing for expansion into other major U.S. cities like San Francisco and Miami, Zoox’s trajectory appears promising yet fraught with challenges.
The Medicare landscape is undergoing a substantial transformation aimed at alleviating the financial burdens faced by older adults in the United States, particularly in regard to prescription drug costs. A recent report by AARP highlights the significant potential for savings that could result from the newly implemented $2,000 cap on out-of-pocket expenses for Medicare beneficiaries.
As one of the largest financial institutions in the United States, JPMorgan Chase is grappling with an intriguing dilemma—how to effectively manage a significant surplus of capital while also addressing shareholder demands for returns. With a reported excess cash reserve nearing $35 billion, the bank is at a crossroads, prompted by the desire to utilize
In 2024, Boeing faced substantial headwinds, culminating in the delivery of only 348 aircraft, marking a drastic reduction of approximately one-third compared to the previous year. This slump can be attributed to several critical factors, including a serious crisis stemming from a midair incident last year involving a door panel blowout. Additionally, a machinist strike
Moderna, the prominent biotech firm renowned for its COVID-19 vaccine, has recently made headlines by revising its sales projections for 2025 downwards by approximately $1 billion. This adjustment reflects a complicated landscape characterized by various hurdles that the company expects to face. As Moderna grapples with these challenges, it is also undertaking strategic moves aimed
The city of Los Angeles is currently facing dire circumstances due to the ongoing wildfires that have severely impacted the region. Beyond the immediate threat to life and property, these natural disasters significantly affect the travel and tourism sector, particularly as major airlines find themselves navigating a complex web of logistical hurdles. The devastation—marked by
Nordstrom Inc. demonstrated resilience during the recent holiday shopping season, raising its full-year sales forecast after experiencing better-than-anticipated consumer spending in both physical stores and online platforms. The esteemed department store chain reported a notable uptick in sales within the nine-week holiday period that concluded on January 4. This seasonal growth, which included a reported
In an era where consumer preferences are rapidly evolving, McDonald’s decision to launch its drinks-centric brand, CosMc’s, marks a significant step towards tapping into the burgeoning beverage market. Beginning with its debut store in Bolingbrook, Illinois, the fast-food giant aimed to create a niche that emphasizes refreshment and snacking rather than traditional meal offerings. Despite