General Motors’ Cruise self-driving vehicle unit is making a comeback on U.S. roads after a hiatus since October. The company announced that it will be redeploying a small fleet of human-driven vehicles in Phoenix to kickstart their reentry into the autonomous vehicle market. This relaunch follows an unfortunate incident that occurred in San Francisco in
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Brazilian private equity firm 3G Capital recently made headlines when it quietly sold off its 16.1% stake in Kraft Heinz, marking the end of an era for the firm. After nearly nine years of being involved in the blockbuster merger of Kraft Foods and Heinz with Warren Buffett, 3G’s influence over Kraft Heinz had been
Monday’s solar eclipse has brought about some unexpected disruptions at smaller airports across the country, with flights being halted ahead of the total eclipse. While such disruptions are more commonly caused by weather or heavy traffic in major cities, the high demand for prime eclipse viewing spots caused smaller airports to face unprecedented challenges. According
Colorado cities such as Denver and Boulder have been experiencing tech-fueled economic booms, with Denver’s skyline transforming and Boulder’s gross domestic product surging. This growth is attributed to a combination of factors, including a strong military presence, leading universities, and a focus on high-tech industries such as aerospace and quantum tech. While this economic growth
As Gatorade gears up to celebrate its 60th anniversary, the iconic sports drink brand continues to make waves by diversifying into new product categories such as unflavored water and energy drink mixes. Since its establishment in 1965, Gatorade has maintained its position as the leading sports drink, commanding a significant 63.5% share of the U.S.
Weather forecast modeling has greatly benefited from the advancement of artificial intelligence over the years. Recently, breakthroughs in generative AI have raised the possibility of forecasting becoming even more accurate. Spire Global is at the forefront of this advancement, evidenced by its new partnership with Nvidia. According to CEO Peter Platzer, the shift from relying
CVS Health recently made a groundbreaking announcement that could revolutionize access to birth control in the United States. The company revealed that its drug plans will now cover the very first over-the-counter birth control pill at no cost for many health plan sponsors. This decision has the potential to make preventing unintended pregnancies more accessible
Disney shareholders have reelected the media conglomerate’s full board, dealing a defeat to activist Nelson Peltz and former Marvel CEO Ike Perlmutter. Despite agitating for change within the company, Peltz, along with Trian Partners, failed to oust two directors, Maria Elena Lagomasino and Michael Froman, citing share underperformance and other concerns. This clear rejection of
In a move that sent shockwaves through the entertainment industry, private equity firm Silver Lake announced on Tuesday that it is acquiring entertainment company Endeavor Group Holdings for $27.50 a share. This acquisition will see Silver Lake acquiring 100% of the shares it does not already own, effectively taking control of Endeavor at an equity
The recent resignation of Warner Bros. Discovery directors, Steven Miron and Steven Newhouse, has brought attention to a U.S. Department of Justice investigation regarding a potential antitrust violation. Both Miron and Newhouse were appointed as directors in April 2022 following the merger of WarnerMedia and Discovery. The investigation is centered around whether their involvement on
