Walgreens Settles Opioid Lawsuit for $350 Million with DOJ
Walgreens has reached a $350 million settlement with the U.S. Department of Justice (DOJ) following accusations that the pharmacy chain illegally filled millions of...
Trump Administration Targets DeepSeek & Nvidia’s AI Chips
The Trump administration is considering severe penalties that could block China’s DeepSeek from purchasing U.S. technology, and possibly prevent Americans from accessing its services,...
Starbucks Faces Union Backlash Over New Dress Code
New Dress Code for Baristas Sparks Union Discontent
Starbucks has introduced a new dress code for its employees, effective May 12, that is causing unrest...
Prada Acquires Versace for $1.38 Billion
Details of the Acquisition
Prada has struck a deal worth $1.38 billion to acquire smaller rival Versace from Capri Holdings. This move unites two prominent...
CoreWeave Prices IPO Below Range Amid Market Headwinds
Cloud AI provider valued at $19B after raising $1.5B
CoreWeave CEO Mike Intrator defended the company’s lower-than-expected IPO pricing on Friday, citing broader macroeconomic headwinds...
Rivian Spins Out ‘Also’ to Develop Small EVs
Rivian Automotive has launched a new start-up called Also, spinning out its electric micromobility business into an independent entity. Also aims to develop small,...