Jonathan Wong
The Latest
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Judge Rejects Onion’s Bid to Acquire Infowars
A U.S. bankruptcy judge on Tuesday rejected The Onion's attempt to acquire Alex Jones's far-right media platform Infowars, citing flaws in the auction process and insufficient bids to satisfy creditors. The decision marked a significant setback for The Onion's parent company, Global Tetrahedron, which had aimed to transform the conspiracy-driven platform into a hub for satirical content. 
A U.S. bankruptcy judge on Tuesday rejected The Onion's attempt to acquire Alex Jones's far-right media platform Infowars, citing flaws in the auction process and insufficient bids to satisfy creditors. The decision marked a significant setback for The Onion's parent company, Global Tetrahedron, which had aimed to transform the conspiracy-driven platform into a hub for satirical content. -
Boeing Cuts 396 Jobs in Washington as Part of 17,000 Layoff Plan Amid Ongoing Challenges
Boeing has announced the layoff of 396 employees in Washington state, part of a larger effort to cut its global workforce by 10%. The aerospace giant plans to reduce approximately 17,000 jobs worldwide as it navigates ongoing financial and regulatory challenges. 
Boeing has announced the layoff of 396 employees in Washington state, part of a larger effort to cut its global workforce by 10%. The aerospace giant plans to reduce approximately 17,000 jobs worldwide as it navigates ongoing financial and regulatory challenges. -
Stellantis and CATL to Build $4.3 Billion EV Battery Plant in Spain by 2026
Automaker Stellantis and Chinese battery manufacturer CATL announced plans on Tuesday to invest €4.1 billion ($4.3 billion) in a joint venture to construct a lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. The facility, which is expected to begin operations by the end of 2026, marks a major step in Europe's electric vehicle (EV) transition. 
Automaker Stellantis and Chinese battery manufacturer CATL announced plans on Tuesday to invest €4.1 billion ($4.3 billion) in a joint venture to construct a lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. The facility, which is expected to begin operations by the end of 2026, marks a major step in Europe's electric vehicle (EV) transition. -
Omnicom to Acquire Interpublic Group in $13 Billion Deal, Creating World’s Largest Ad Agency
Omnicom Group has announced its acquisition of Interpublic Group in a $13.3 billion all-stock deal, creating the world's largest advertising agency. The merger, unveiled Monday, comes as traditional advertising firms face mounting challenges from artificial intelligence (AI) and Big Tech dominance, which are reshaping the industry landscape. 
Omnicom Group has announced its acquisition of Interpublic Group in a $13.3 billion all-stock deal, creating the world's largest advertising agency. The merger, unveiled Monday, comes as traditional advertising firms face mounting challenges from artificial intelligence (AI) and Big Tech dominance, which are reshaping the industry landscape. -
Judge Rejects Boeing Plea Deal Over 737 Max Crashes, Demands Greater Accountability
A federal judge on Thursday rejected a plea agreement between Boeing and the U.S. Department of Justice (DOJ) concerning charges tied to two fatal crashes of the company's 737 Max aircraft. The crashes, which occurred in October 2018 and March 2019, claimed 346 lives and have left Boeing grappling with fallout over its safety practices and corporate accountability. 
A federal judge on Thursday rejected a plea agreement between Boeing and the U.S. Department of Justice (DOJ) concerning charges tied to two fatal crashes of the company's 737 Max aircraft. The crashes, which occurred in October 2018 and March 2019, claimed 346 lives and have left Boeing grappling with fallout over its safety practices and corporate accountability. -
American Airlines Chooses Citi as Exclusive Credit Card Partner, Ending Barclays Deal
American Airlines has solidified a new 10-year agreement with Citigroup, designating the bank as its sole credit card partner and ending its decade-long partnership with Barclays. The deal, announced Thursday, will see Citi become the exclusive issuer of the AAdvantage co-branded credit card in the U.S. starting in 2026. 
American Airlines has solidified a new 10-year agreement with Citigroup, designating the bank as its sole credit card partner and ending its decade-long partnership with Barclays. The deal, announced Thursday, will see Citi become the exclusive issuer of the AAdvantage co-branded credit card in the U.S. starting in 2026. -
TSMC, Nvidia in Talks to Manufacture Blackwell AI Chips in Arizona, But Key Processes Still Tied to Taiwan
Taiwan Semiconductor Manufacturing Co. (TSMC) is in discussions with Nvidia Corp. to produce its Blackwell artificial intelligence (AI) chips at TSMC's new Arizona plant, according to three sources familiar with the talks. The agreement, if finalized, would see Nvidia joining Apple and Advanced Micro Devices (AMD) as key customers of the facility, which is scheduled to begin volume production in 2025. 
Taiwan Semiconductor Manufacturing Co. (TSMC) is in discussions with Nvidia Corp. to produce its Blackwell artificial intelligence (AI) chips at TSMC's new Arizona plant, according to three sources familiar with the talks. The agreement, if finalized, would see Nvidia joining Apple and Advanced Micro Devices (AMD) as key customers of the facility, which is scheduled to begin volume production in 2025. -
Zepbound Delivers 47% Greater Weight Loss Than Wegovy, Eli Lilly Claims
Eli Lilly's Zepbound has outperformed Novo Nordisk's Wegovy in a pivotal clinical trial, marking a significant milestone in the competitive obesity treatment market. The study revealed that adults taking Zepbound experienced an average weight loss of 20% of their body weight, compared to 14% among Wegovy users, a difference of 47%. The findings have set a new benchmark for the effectiveness of weight-loss medications. 
Eli Lilly's Zepbound has outperformed Novo Nordisk's Wegovy in a pivotal clinical trial, marking a significant milestone in the competitive obesity treatment market. The study revealed that adults taking Zepbound experienced an average weight loss of 20% of their body weight, compared to 14% among Wegovy users, a difference of 47%. The findings have set a new benchmark for the effectiveness of weight-loss medications. -
GM Announces Over $5 Billion in Write-Downs as China Operations Crumble
General Motors Co. announced Wednesday that it will record over $5 billion in non-cash charges as part of a sweeping restructuring of its operations in China, a market that has transformed from a profit engine into a growing liability for the automaker. The charges, detailed in a federal filing, reflect plant closures, portfolio adjustments, and the reduced value of its joint venture with SAIC Motor Corp. 
General Motors Co. announced Wednesday that it will record over $5 billion in non-cash charges as part of a sweeping restructuring of its operations in China, a market that has transformed from a profit engine into a growing liability for the automaker. The charges, detailed in a federal filing, reflect plant closures, portfolio adjustments, and the reduced value of its joint venture with SAIC Motor Corp. -
Cargill Slashes 8,000 Jobs Amid Deepening Profit Decline and Commodity Price Collapse
Cargill, the world's largest agricultural commodities trader and the largest privately held company in the United States, announced a sweeping reduction of its global workforce, with plans to lay off approximately 8,000 employees. The decision will affect 5% of the company's 164,000-strong workforce and is part of a broader restructuring strategy aimed at addressing declining profits and adjusting to a changing agricultural market. 
Cargill, the world's largest agricultural commodities trader and the largest privately held company in the United States, announced a sweeping reduction of its global workforce, with plans to lay off approximately 8,000 employees. The decision will affect 5% of the company's 164,000-strong workforce and is part of a broader restructuring strategy aimed at addressing declining profits and adjusting to a changing agricultural market.
