In a significant legal development, the Federal Trade Commission (FTC) has initiated a lawsuit against PepsiCo, raising serious allegations of illegal price discrimination. The FTC claims that the beverage and food conglomerate has engaged in practices that violate the Robinson-Patman Act by providing an unnamed retailer—reportedly Walmart—with preferential pricing over its competitors. This act, enacted
Business
On a recent Thursday, SpaceX’s ambitious plan to launch the Starship rocket turned into a significant setback when it exploded midflight, leading to a chaos of debris scattering across the sky. The Federal Aviation Administration (FAA) promptly announced that all further launches of the Starship rocket would be suspended until a thorough investigation into the
In an industry rife with uncertainty and rapid evolution, this year represents a watershed moment for Amazon-owned Zoox, a contender in the autonomous vehicle market. With ambitions to launch its robotaxi service, Zoox is on the precipice of commercializing its innovative solution to urban transportation. As expressed by co-founder and Chief Technology Officer Jesse Levinson,
The recent introduction of a $2,000 cap on out-of-pocket expenses for prescription medication marks a watershed moment for Medicare patients, particularly vulnerable older adults. Released by AARP, a report detailing the implications of this cap indicates that millions may benefit substantially, especially given the oppressive cost of high-priced medications needed for severe health conditions. This
JPMorgan Chase, the colossal financial institution that stands tall as the largest bank in the United States by assets, is grappling with a rather enviable situation: a significant surplus of capital. This surplus, approximated at $35 billion, falls under the category of “excess capital” according to industry analysts. Such a predicament, described by CFO Jeremy
In 2024, Boeing faced significant hurdles that resulted in the delivery of only 348 aircraft—marking a staggering one-third drop compared to the previous year. This decline can be attributed primarily to two critical issues: a midair door panel blowout incident that rocked public confidence and a machinist strike that considerably hampered production capabilities. As a
Moderna, the biotech company known for its pioneering mRNA technology, published an updated sales forecast for 2025 this past Monday that raised eyebrows across the financial and healthcare sectors. The firm has slashed its sales guidance by nearly $1 billion, signaling a significant reassessment of its future performance in light of multiple emerging challenges. This
The ongoing wildfires in Los Angeles have stirred not only environmental and societal concerns but have also significantly impacted the airline industry. Major airlines, including American Airlines, United Airlines, Southwest Airlines, and JetBlue Airways, have introduced travel waivers for passengers scheduled to fly to and from the area. This response reflects the urgency of the
In an unexpected turn of events, Nordstrom Inc. has revised its full-year sales forecast upward, attributing its optimism to robust holiday shopping both in-store and online. On a recent Friday announcement, the Seattle-based retailer noted that its anticipated revenue growth for the year is now projected to be between 1.5% and 2.5%, a notable increase
McDonald’s innovative attempt to tap into the beverage-centric market, branded as CosMc’s, is now recalibrating its approach as it announces the closure of three larger format locations. Beginning its journey over a year ago in Bolingbrook, Chicago, the chain quickly expanded to Texas but has discovered that smaller prototype stores yield better results. This shift