Jonathan Wong
The Latest
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Edgar Bronfman Drops Paramount Bid, Clearing Way for Skydance Merger
Edgar Bronfman Jr. has officially withdrawn his bid for Paramount Global, paving the way for Skydance Media to finalize its acquisition of the storied media empire. The decision marks the end of a tumultuous bidding process that has captivated the industry for months. 
Edgar Bronfman Jr. has officially withdrawn his bid for Paramount Global, paving the way for Skydance Media to finalize its acquisition of the storied media empire. The decision marks the end of a tumultuous bidding process that has captivated the industry for months. -
Eli Lilly Slashes Zepbound Price by Half, Introduces Single-Dose Vials to Address Demand
Eli Lilly has unveiled a new, more affordable form of its weight loss drug Zepbound. The company is offering single-dose vials of the popular medication at approximately half the usual monthly list price, aiming to make the drug more accessible to a wider range of patients. 
Eli Lilly has unveiled a new, more affordable form of its weight loss drug Zepbound. The company is offering single-dose vials of the popular medication at approximately half the usual monthly list price, aiming to make the drug more accessible to a wider range of patients. -
Red Lobster to Close Additional 23 Locations Amid Bankruptcy
Red Lobster, the storied seafood chain struggling through bankruptcy, has announced the closure of 23 more restaurants across the United States. This latest wave of closures will further reduce the chain's footprint, bringing its total number of outlets down to approximately 500-a significant drop from the 650 locations it boasted just a year ago. 
Red Lobster, the storied seafood chain struggling through bankruptcy, has announced the closure of 23 more restaurants across the United States. This latest wave of closures will further reduce the chain's footprint, bringing its total number of outlets down to approximately 500-a significant drop from the 650 locations it boasted just a year ago. -
Uber Slammed with Record $324 Million Fine in Netherlands for Violating EU Data Protection Laws
Dutch privacy regulators have imposed a record €290 million ($324 million) fine on Uber for violating the European Union's stringent data protection laws. The penalty, announced on Monday, marks the most substantial fine ever issued by the Dutch Data Protection Authority (DPA) and highlights growing concerns over the handling of personal data by global tech companies. 
Dutch privacy regulators have imposed a record €290 million ($324 million) fine on Uber for violating the European Union's stringent data protection laws. The penalty, announced on Monday, marks the most substantial fine ever issued by the Dutch Data Protection Authority (DPA) and highlights growing concerns over the handling of personal data by global tech companies. -
Biden Administration’s Fight Against Grocery Giants Kroger and Albertsons Heads to Court
The Biden-Harris administration's most significant antitrust battle to date is unfolding as the Federal Trade Commission (FTC) takes on the $25 billion merger of two of the nation's largest grocery chains, Kroger and Albertsons. The trial, which began on Monday in Portland, Oregon, represents a critical moment in the administration's broader efforts to curb rising grocery prices and protect unionized workers' rights. 
The Biden-Harris administration's most significant antitrust battle to date is unfolding as the Federal Trade Commission (FTC) takes on the $25 billion merger of two of the nation's largest grocery chains, Kroger and Albertsons. The trial, which began on Monday in Portland, Oregon, represents a critical moment in the administration's broader efforts to curb rising grocery prices and protect unionized workers' rights. -
Delta COO Mike Spanos Exits Amid Post-Cyber Outage Turmoil
Delta Air Lines is facing a significant leadership change as its Chief Operating Officer, Mike Spanos, is set to leave the company at the end of the month, according to a securities filing made by the airline on Friday. The departure comes just over a year after Spanos joined the Atlanta-based carrier, marking another shake-up for the airline following recent operational disruptions. 
Delta Air Lines is facing a significant leadership change as its Chief Operating Officer, Mike Spanos, is set to leave the company at the end of the month, according to a securities filing made by the airline on Friday. The departure comes just over a year after Spanos joined the Atlanta-based carrier, marking another shake-up for the airline following recent operational disruptions. -
Global Uranium Market Faces Crisis as Top Producer Kazatomprom Slashes 2025 Output by 17%
Shares of Canadian uranium producers surged on Friday after the world's largest nuclear fuel supplier, Kazatomprom, announced a significant reduction in its 2025 production target. The Kazakhstan state-owned company, which accounts for roughly 20% of global uranium output, attributed the cut to ongoing supply chain issues and construction delays at its newly developed deposits. This announcement has heightened concerns about a potential uranium supply shortfall, adding fuel to an already bullish market for the heavy metal. 
Shares of Canadian uranium producers surged on Friday after the world's largest nuclear fuel supplier, Kazatomprom, announced a significant reduction in its 2025 production target. The Kazakhstan state-owned company, which accounts for roughly 20% of global uranium output, attributed the cut to ongoing supply chain issues and construction delays at its newly developed deposits. This announcement has heightened concerns about a potential uranium supply shortfall, adding fuel to an already bullish market for the heavy metal. -
Nestlé Faces Leadership Shakeup as CEO Schneider Ousted Amid Market Struggles
Nestlé, the world's largest food company, has undergone a sudden leadership change, with CEO Mark Schneider being ousted in a move that has left investors and analysts questioning the company's future direction. Schneider, who had led the company for nearly eight years, was replaced by Laurent Freixe, a Nestlé veteran with nearly four decades of experience within the company. 
Nestlé, the world's largest food company, has undergone a sudden leadership change, with CEO Mark Schneider being ousted in a move that has left investors and analysts questioning the company's future direction. Schneider, who had led the company for nearly eight years, was replaced by Laurent Freixe, a Nestlé veteran with nearly four decades of experience within the company. -
Walmart’s $3.74 Billion Exit Leaves JD.com at a Crossroads Amid China’s E-Commerce Slowdown
Walmart has announced its decision to sell its $3.74 billion stake in JD.com, the Beijing-based e-commerce platform. The move has raised questions about JD.com's ability to sustain its position in an increasingly competitive and stagnating market, particularly as it faces aggressive price wars and slowing growth in China's e-commerce sector. 
Walmart has announced its decision to sell its $3.74 billion stake in JD.com, the Beijing-based e-commerce platform. The move has raised questions about JD.com's ability to sustain its position in an increasingly competitive and stagnating market, particularly as it faces aggressive price wars and slowing growth in China's e-commerce sector. -
Canadian Rail Lockout Stalls $277 Billion in U.S. Trade, Threatens Economic Turmoil
The U.S.-Canada trade corridor, a vital artery for the North American economy, has been paralyzed following a labor dispute that led to the lockout of over 9,000 freight rail workers by Canada's two major rail companies, Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC). The shutdown, which affects billions of dollars in trade, could have increasingly severe economic repercussions if not resolved swiftly. 
The U.S.-Canada trade corridor, a vital artery for the North American economy, has been paralyzed following a labor dispute that led to the lockout of over 9,000 freight rail workers by Canada's two major rail companies, Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC). The shutdown, which affects billions of dollars in trade, could have increasingly severe economic repercussions if not resolved swiftly.
