Business

Jury Rules Live Nation and Ticketmaster Operated as an Illegal Monopoly, Overcharging Fans

A jury found Live Nation and Ticketmaster guilty of antitrust violations, ruling they operated as an illegal monopoly and overcharged fans. The verdict moves to a remedies phase, potentially leading to significant industry changes.
Business Aarav Shen -

Olivia Rodrigo Drops New Single ‘Drop Dead’ and Makes Surprise Coachella Appearance

Olivia Rodrigo releases her new single 'Drop Dead' and performs it live at Coachella, signaling a new romantic direction for her upcoming album.
Culture Lynn Hatem -

Trump Organization Eyes Tbilisi Skyline with Ambitious New Skyscraper Project

The Trump Organization is planning a new luxury skyscraper in Tbilisi, Georgia, featuring a hotel and residences, as part of its international expansion strategy.
Europe Aarav Shen -

Jury Rules Live Nation and Ticketmaster Operated as an Illegal Monopoly, Overcharging Fans

A jury found Live Nation and Ticketmaster guilty of antitrust violations, ruling they operated as an illegal monopoly and overcharged fans. The verdict moves to a remedies phase, potentially leading to significant industry changes.
Business Aarav Shen -

Judge Halts Nexstar-Tegna Merger Amid Antitrust Fears

Federal judge blocks Nexstar-Tegna merger over antitrust concerns, halting the $6.2 billion deal pending a trial. State AGs and DirecTV celebrated the ruling.
Business Aarav Shen -
Latest

FDA Approves Updated Covid Vaccines from Pfizer and Moderna Amid Summer Surge

The Food and Drug Administration (FDA) has approved updated Covid vaccines from Pfizer and Moderna, setting the stage for their distribution across the United...

Cava Raises Full-Year Outlook as Strong Traffic Boosts Earnings

Cava, the Mediterranean restaurant chain, has significantly raised its full-year outlook following a robust fiscal second quarter, where strong restaurant traffic fueled better-than-expected earnings...

Walmart Sells Entire Stake in JD.com to Focus on China Operations and Sam’s Club

Walmart, the largest shareholder of Chinese e-commerce giant JD.com, has sold its entire stake in the company, according to a source familiar with the...

Google Faces Revived Lawsuit Over Chrome Data Collection Without User Consent

A U.S. appeals court has ruled that Google must face a revived lawsuit brought by Google Chrome users who allege that the company collected...

Federal Judge Blocks FTC Ban on Noncompete Agreements from Taking Effect

A federal judge in Texas has blocked a U.S. Federal Trade Commission (FTC) rule that sought to ban noncompete agreements, which are commonly signed...

California Governor Signs 10 Bills to Combat Retail Crime and Organized Theft

California Governor Gavin Newsom has signed into law a package of 10 new bills designed to combat rising retail crime in the state. Announced...

General Motors Lays Off Over 1,000 Employees in Software Division Amid Operational Streamlining

General Motors (GM) is laying off more than 1,000 salaried employees globally within its Software and Services division as part of a strategic effort...

Boeing Pauses 777X Flight Tests Due to Structural Damage Discovery

Boeing announced on Monday that it has temporarily halted flight tests of its 777X aircraft after discovering structural damage in one of the wide-body...

Alaska Airlines and Hawaiian Airlines Merger Clears U.S. Justice Department Hurdle

Alaska Airlines announced that its $1.9 billion merger with Hawaiian Airlines has passed a significant regulatory hurdle, as the U.S. Justice Department's antitrust review...

Lowe’s Lowers Full-Year Forecast Amid Declining Sales and Consumer Hesitancy

Lowe’s has revised its full-year forecast downward after reporting a decline in quarterly sales, citing concerns about weaker home improvement spending for the remainder...

Eli Lilly’s Weight Loss Drug Tirzepatide Significantly Reduces Type 2 Diabetes Risk

Eli Lilly’s weight loss drug tirzepatide, the active ingredient in Zepbound and Mounjaro, has shown remarkable effectiveness in reducing the risk of developing Type...

GMC Aims to Lead U.S. Electric Truck Sales with New Sierra EV Launch

General Motors' premium brand, GMC, is making a bold move to dominate the U.S. electric truck market with the launch of its new electric...

Mynaric Slashes Revenue Forecast and CFO Departs Amid Production Challenges

Space technology company Mynaric experienced a sharp decline in its stock value after announcing significant cuts to its 2024 revenue forecast and the departure...

Beyoncé Launches SirDavis Whiskey Line in Collaboration with LVMH’s Moët Hennessy

Beyoncé is making waves in the luxury spirits industry with the launch of her new whiskey line, SirDavis, in collaboration with LVMH’s Moët Hennessy....

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