In a significant turn of events, the Federal Trade Commission (FTC) has filed a lawsuit against PepsiCo, accusing the beverage titan of unlawful price discrimination. The crux of the complaint lies in the relationship between PepsiCo and a particular unnamed retailer—widely believed to be Walmart—where it allegedly provided more advantageous pricing terms than those offered
Business
The sports landscape is often dominated by familiar names and longstanding leagues, but the launch of the Unrivaled women’s professional basketball league promises to disrupt traditional narratives. Co-founded by notable WNBA athletes, Napheesa Collier and Breanna Stewart, this innovative league is not just about competition; it’s also about leveraging the momentum of women’s sports in
Recent developments in the realm of aerospace technology have sent shockwaves throughout the industry, primarily due to the midflight failure of SpaceX’s ambitious Starship rocket. The Federal Aviation Administration (FAA) announced that the spacecraft will remain grounded while both the agency and SpaceX conduct a thorough investigation into the circumstances surrounding the incident. This failure
As 2023 unfolds, Amazon’s autonomous vehicle initiative, Zoox, is on the brink of a pivotal transformation. With plans to not only ramp up its operations but also launch what it hopes will be a groundbreaking robotaxi service, Zoox stands at the crossroads of a technological revolution in urban mobility. Co-founder and Chief Technology Officer Jesse
In a notable action aimed at fostering competition and consumer rights, the Federal Trade Commission (FTC) has initiated a lawsuit against Deere & Company, a leading player in the agricultural equipment sector. The FTC accuses the company of monopolistic practices that affect farmers’ abilities to repair their machinery efficiently and affordably. This lawsuit, announced on
In a remarkable stride towards reestablishing humanity’s presence on the lunar surface, Firefly Aerospace, a Texas-based aerospace manufacturer, is embarking on its inaugural lunar mission. The company’s Blue Ghost lander was launched aboard SpaceX’s Falcon 9 rocket early on Wednesday morning from Florida—a clear signal that the race to the Moon is reviving. With a
Eli Lilly, a prominent player in pharmaceuticals, has recently adjusted its revenue forecast, reflecting a more cautious outlook for the upcoming year. Their estimated revenue for 2024 now stands at approximately $45 billion, a slight decline from its previous estimate of $45.4 billion to $46 billion. This moderation might appear minor; however, it underscores more
The holiday retail season, often characterized by high consumer demand and bountiful sales, has once again proven to be a double-edged sword for major retailers. Despite several prominent brands reporting financial performance that exceeded initial expectations, their stock market reactions have been less than favorable, suggesting a disconnect between actual performance and investor confidence. This
As the destructive wildfires continue to ravage parts of Los Angeles, airline companies are grappling with the implications for air travel. With thousands of homes and structures lost along with widespread power outages and water shortages, American Airlines, United Airlines, Southwest Airlines, and JetBlue Airways are stepping up to provide relief to travelers in distress.
Nordstrom, the renowned Seattle-based retailer, is making headlines with its recent adjustments to sales expectations, indicating a more optimistic trajectory than previously anticipated. The company reported stronger-than-expected performance during the holiday shopping season across both its physical and online platforms. This renewal of confidence comes after a cautiously conservative outlook projected just a month prior,