Business

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Rivian Automotive, a prominent player in the electric vehicle (EV) sector, has witnessed its stock take a hit following disappointing production outcomes in the third quarter. Early trading on a Friday morning saw shares plummet by approximately 4%, a reflection of investor concerns over the company’s ability to fulfill its production targets amidst ongoing supply
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In recent years, the landscape of sports franchise ownership has shifted significantly, with private equity firms increasingly eyeing opportunities in professional sports. The Miami Dolphins, an iconic NFL team, are reportedly in advanced discussions to sell a minority stake to Ares Management, a prominent private equity firm, and billionaire Joe Tsai. This development is noteworthy
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Costco, a longstanding giant in the wholesale retail sector, is making significant inroads into the lucrative precious metals market. With its latest addition of Swiss-made platinum bars, the retailer is diversifying its bullion offerings, placing its gold and silver products alongside platinum options. This strategic move has elucidated Costco’s ambition to attract both seasoned investors
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Eli Lilly, a significant player in the pharmaceuticals landscape, has asserted its commitment to pioneering manufacturing techniques by allocating $4.5 billion towards its forthcoming facility, the Lilly Medicine Foundry. This novel establishment aims to revamp medicine production methods with a pronounced focus on efficiency. Current trends within the company suggest that this strategic initiative is
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In a heartfelt announcement, Hoda Kotb revealed her decision to step down from her role as a co-anchor on NBC’s “TODAY” show, a revelation that has stirred both emotions and tributes from colleagues and fans alike. The news, conveyed through a letter to her team, encapsulates a significant personal and professional milestone. Kotb expressed a