Jonathan Wong
The Latest
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Southwest Airlines Slashes Atlanta Flights, Forcing Staff Relocations Amid Cost-Cutting Push
Southwest Airlines has announced significant cuts to its service in Atlanta as part of a broader plan to reduce costs and restore profitability. The airline will slash over 200 flights per week to and from Hartsfield-Jackson Atlanta International Airport, cutting its weekly schedule from 567 flights to 361, and reducing the number of cities it serves from Atlanta from 37 to 21. 
Southwest Airlines has announced significant cuts to its service in Atlanta as part of a broader plan to reduce costs and restore profitability. The airline will slash over 200 flights per week to and from Hartsfield-Jackson Atlanta International Airport, cutting its weekly schedule from 567 flights to 361, and reducing the number of cities it serves from Atlanta from 37 to 21. -
Union Anger Grows After Rejecting 'Final' Pay Offer as Boeing Faces Prolonged Strike Over Pay Dispute
Boeing's ongoing labor strike reached a new level of tension this week after the aerospace giant presented its "best and final" pay offer to the 33,000 striking workers represented by the International Association of Machinists and Aerospace Workers (IAM). 
Boeing's ongoing labor strike reached a new level of tension this week after the aerospace giant presented its "best and final" pay offer to the 33,000 striking workers represented by the International Association of Machinists and Aerospace Workers (IAM). -
Trump Media Stock Crashes Amid Sell-Off Fears
Trump Media & Technology Group (TMTG), the parent company behind Truth Social, faced a dramatic stock price drop this week, coinciding with the expiration of lockup agreements that had previously barred early investors, including former President Donald Trump, from selling their shares. 
Trump Media & Technology Group (TMTG), the parent company behind Truth Social, faced a dramatic stock price drop this week, coinciding with the expiration of lockup agreements that had previously barred early investors, including former President Donald Trump, from selling their shares. -
Vista Equity Partners and Blackstone Close to $8 Billion Deal to Acquire Smartsheet
Vista Equity Partners and Blackstone are in advanced talks to acquire Smartsheet, a leading collaboration software company, in a deal valued at nearly $8 billion. 
Vista Equity Partners and Blackstone are in advanced talks to acquire Smartsheet, a leading collaboration software company, in a deal valued at nearly $8 billion. -
Novo Nordisk CEO Faces Senate Scrutiny Over Sky-High Prices of Ozempic and Wegovy
Novo Nordisk's CEO, Lars Fruergaard Jørgensen, faced tough questions on Capitol Hill Tuesday as lawmakers pressed the company on the soaring prices of its popular weight loss and diabetes drugs, Wegovy and Ozempic. Testifying before the Senate Health, Education, Labor, and Pensions (HELP) Committee, Jørgensen was grilled over why Americans are paying significantly higher prices for these drugs compared to patients in other countries, with Wegovy costing as much as $1,350 per month in the U.S., but as little as $92 in the U.K. 
Novo Nordisk's CEO, Lars Fruergaard Jørgensen, faced tough questions on Capitol Hill Tuesday as lawmakers pressed the company on the soaring prices of its popular weight loss and diabetes drugs, Wegovy and Ozempic. Testifying before the Senate Health, Education, Labor, and Pensions (HELP) Committee, Jørgensen was grilled over why Americans are paying significantly higher prices for these drugs compared to patients in other countries, with Wegovy costing as much as $1,350 per month in the U.S., but as little as $92 in the U.K. -
Boeing's 'Final Offer' Falls Short as Striking Workers Reject Pay Deal, Union Hits Back
Boeing's efforts to end a strike involving thousands of machinists hit a roadblock this week as the workers' union rejected the company's latest proposal, which included a 30% pay increase over four years. The International Association of Machinists and Aerospace Workers (IAM) accused Boeing of failing to negotiate in good faith, claiming that the proposal was presented directly to union members without prior discussions. 
Boeing's efforts to end a strike involving thousands of machinists hit a roadblock this week as the workers' union rejected the company's latest proposal, which included a 30% pay increase over four years. The International Association of Machinists and Aerospace Workers (IAM) accused Boeing of failing to negotiate in good faith, claiming that the proposal was presented directly to union members without prior discussions. -
California Sues ExxonMobil Over Alleged Deception in Plastic Pollution Crisis
California has launched a groundbreaking lawsuit against ExxonMobil, accusing the oil giant of misleading the public for decades about the role plastic recycling could play in solving the global plastic waste crisis. The lawsuit, announced on Monday by California Attorney General Rob Bonta, seeks to hold ExxonMobil accountable for its alleged role in exacerbating the plastic pollution problem by promoting recycling as a viable solution despite knowing its limitations. 
California has launched a groundbreaking lawsuit against ExxonMobil, accusing the oil giant of misleading the public for decades about the role plastic recycling could play in solving the global plastic waste crisis. The lawsuit, announced on Monday by California Attorney General Rob Bonta, seeks to hold ExxonMobil accountable for its alleged role in exacerbating the plastic pollution problem by promoting recycling as a viable solution despite knowing its limitations. -
Boeing Offers 'Best and Final' Deal with 30% Wage Increase to Striking Workers, But Labor Dispute Threatens Broader Economic Impact
Boeing has presented a revised contract offer to more than 30,000 striking machinists, marking its "best and final" proposal as the labor action continues to stall the aerospace giant's aircraft production. 
Boeing has presented a revised contract offer to more than 30,000 striking machinists, marking its "best and final" proposal as the labor action continues to stall the aerospace giant's aircraft production. -
UniCredit Increases Stake in Commerzbank, Seeks Up to 29.9% Amid European Banking Consolidation Efforts
Italy's UniCredit has announced a significant increase in its stake in Germany's Commerzbank, moving its holding to nearly 21% and applying to increase its ownership to as much as 29.9%. This bold move by UniCredit comes at a time when European banks are under pressure to consolidate and compete more effectively on the global stage. The Italian lender's move underscores the importance of cross-border cooperation within the European banking sector, an area that has often been fragmented compared to the U.S. market. 
Italy's UniCredit has announced a significant increase in its stake in Germany's Commerzbank, moving its holding to nearly 21% and applying to increase its ownership to as much as 29.9%. This bold move by UniCredit comes at a time when European banks are under pressure to consolidate and compete more effectively on the global stage. The Italian lender's move underscores the importance of cross-border cooperation within the European banking sector, an area that has often been fragmented compared to the U.S. market. -
Apollo Eyes $5 Billion Investment in Intel Amid Tech Sector Turmoil
Apollo Global Management, the U.S.-based private equity firm, is reportedly considering a significant investment in Intel Corp., potentially injecting as much as $5 billion into the struggling semiconductor giant. According to a Bloomberg News report, Apollo has signaled its interest in making an equity-like investment in Intel, though discussions remain in the early stages and no formal agreement has been reached. This potential investment comes at a critical juncture for Intel, which has seen its market value plummet in recent years. 
Apollo Global Management, the U.S.-based private equity firm, is reportedly considering a significant investment in Intel Corp., potentially injecting as much as $5 billion into the struggling semiconductor giant. According to a Bloomberg News report, Apollo has signaled its interest in making an equity-like investment in Intel, though discussions remain in the early stages and no formal agreement has been reached. This potential investment comes at a critical juncture for Intel, which has seen its market value plummet in recent years.
