Jonathan Wong
The Latest
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Boeing Strike Enters Third Week, No Contract in Sight as Workers Demand Fair Pay and Pensions
As Boeing's machinists' strike stretches into its third week, tensions continue to rise between the company and the 33,000 workers represented by the International Association of Machinists (IAM). The two sides remain far apart on key issues, with mediated negotiations making little progress, and no new contract has been presented to union members for a vote. 
As Boeing's machinists' strike stretches into its third week, tensions continue to rise between the company and the 33,000 workers represented by the International Association of Machinists (IAM). The two sides remain far apart on key issues, with mediated negotiations making little progress, and no new contract has been presented to union members for a vote. -
Major Trump Media Investor and Co-founder Sells Nearly $100 Million in Stock Amid Legal Battle
Andrew Litinsky, a major shareholder in Donald Trump's social media company, Trump Media & Technology Group (TMTG), has sold almost his entire stake, worth nearly $100 million. Litinsky, who co-founded TMTG and appeared as a contestant on Trump's show The Apprentice, was one of the key figures behind Truth Social, the platform created in the wake of Trump's ban from Twitter. 
Andrew Litinsky, a major shareholder in Donald Trump's social media company, Trump Media & Technology Group (TMTG), has sold almost his entire stake, worth nearly $100 million. Litinsky, who co-founded TMTG and appeared as a contestant on Trump's show The Apprentice, was one of the key figures behind Truth Social, the platform created in the wake of Trump's ban from Twitter. -
Southwest Airlines Boosts Revenue Forecast and Plans $2.5 Billion Share Buyback Amid Strategic Changes
Southwest Airlines has raised its third-quarter revenue forecast and announced a $2.5 billion share buyback, signaling a series of strategic shifts as the airline seeks to regain its competitive edge. The announcement, made on Thursday, also included several key updates to Southwest's business model as the company faces growing pressure from activist investor Elliott Investment Management. 
Southwest Airlines has raised its third-quarter revenue forecast and announced a $2.5 billion share buyback, signaling a series of strategic shifts as the airline seeks to regain its competitive edge. The announcement, made on Thursday, also included several key updates to Southwest's business model as the company faces growing pressure from activist investor Elliott Investment Management. -
Trump Media Stock Rebounds as Insider Selling Restrictions Lift, But Revenue Struggles Continue
Trump Media & Technology Group, the company behind the social media platform Truth Social, saw its stock jump over 11% on Wednesday morning as it attempts to recover from a steep sell-off that has plagued the stock since mid-July. The rise in share price brought some much-needed relief to the company, which had faced significant declines after restrictions on insider selling expired last week, allowing key stakeholders to offload their shares. 
Trump Media & Technology Group, the company behind the social media platform Truth Social, saw its stock jump over 11% on Wednesday morning as it attempts to recover from a steep sell-off that has plagued the stock since mid-July. The rise in share price brought some much-needed relief to the company, which had faced significant declines after restrictions on insider selling expired last week, allowing key stakeholders to offload their shares. -
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.
