Jonathan Wong
The Latest
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American Airlines Shares Plunge After Dismal Forecast
Shares of American Airlines took a nosedive on Wednesday after the company slashed its profit outlook, attributing the downgrade to weaker-than-expected demand and complications with a recent booking system upgrade. The news sent American Airlines' stock down nearly 15%, marking its worst trading day since June 2020, during the height of the pandemic. 
Shares of American Airlines took a nosedive on Wednesday after the company slashed its profit outlook, attributing the downgrade to weaker-than-expected demand and complications with a recent booking system upgrade. The news sent American Airlines' stock down nearly 15%, marking its worst trading day since June 2020, during the height of the pandemic. -
Merck to Acquire EyeBio in $3 Billion Deal to Enhance Ophthalmology Pipeline
Merck announced on Wednesday its agreement to acquire EyeBio, a privately held biotech company focused on ophthalmology, in a deal valued at up to $3 billion. This acquisition marks the latest move by the U.S. pharmaceutical giant to expand its pipeline and bolster future growth, especially as its blockbuster cancer drug, Keytruda, approaches the end of its exclusivity by the end of the decade. 
Merck announced on Wednesday its agreement to acquire EyeBio, a privately held biotech company focused on ophthalmology, in a deal valued at up to $3 billion. This acquisition marks the latest move by the U.S. pharmaceutical giant to expand its pipeline and bolster future growth, especially as its blockbuster cancer drug, Keytruda, approaches the end of its exclusivity by the end of the decade. -
Anglo American Rejects BHP’s $49 Billion Takeover Bid Amid Execution Concerns
Anglo American has rejected BHP Group's last-minute request to extend takeover talks, potentially ending a five-week pursuit by the mining giant. The British miner cited fundamental concerns regarding the execution risks of the proposed $49 billion deal, underscoring the complexity of the offer and its implications. 
Anglo American has rejected BHP Group's last-minute request to extend takeover talks, potentially ending a five-week pursuit by the mining giant. The British miner cited fundamental concerns regarding the execution risks of the proposed $49 billion deal, underscoring the complexity of the offer and its implications. -
Starbucks Resumes Union Talks Amid Operational Challenges
Starbucks is set to resume contract negotiations with its baristas' union this week, a critical juncture that follows a particularly challenging quarter for the coffee giant. With U.S. same-store sales down by 3% and traffic declining by 7%, the company has been forced to reassess its 2024 forecast. 
Starbucks is set to resume contract negotiations with its baristas' union this week, a critical juncture that follows a particularly challenging quarter for the coffee giant. With U.S. same-store sales down by 3% and traffic declining by 7%, the company has been forced to reassess its 2024 forecast. -
GameStop's Stock Soars Amid $1 Billion Equity Offering
GameStop shares surged as much as 22% on Tuesday following the announcement that the video game retailer had raised nearly $1 billion through its latest equity offering. This dramatic increase in stock price reflects the ongoing investor enthusiasm for meme stocks, which are driven by online buzz rather than traditional market fundamentals. 
GameStop shares surged as much as 22% on Tuesday following the announcement that the video game retailer had raised nearly $1 billion through its latest equity offering. This dramatic increase in stock price reflects the ongoing investor enthusiasm for meme stocks, which are driven by online buzz rather than traditional market fundamentals. -
T-Mobile Plans to Acquire U.S. Cellular in $4.4 Billion Deal to Expand Rural Coverage
Shares of U.S. Cellular surged nearly 6% on Tuesday following the announcement that T-Mobile plans to acquire most of the company, including its stores, spectrum assets, and customers, in a deal valued at $4.4 billion. 
Shares of U.S. Cellular surged nearly 6% on Tuesday following the announcement that T-Mobile plans to acquire most of the company, including its stores, spectrum assets, and customers, in a deal valued at $4.4 billion. -
Toyota Unveils Next-Gen Engines Amidst Global Shift Towards Electrification
Toyota Motor Corporation, the world's largest automaker by volume, showcased its next-generation engines on Tuesday, aiming to meet tougher emissions standards and maintain its competitive edge amidst the global shift towards electrification. 
Toyota Motor Corporation, the world's largest automaker by volume, showcased its next-generation engines on Tuesday, aiming to meet tougher emissions standards and maintain its competitive edge amidst the global shift towards electrification. -
Tech Firm Fined for 'Whites Only' Job Posting, Cites Rogue Recruiter
Arthur Grand Technologies, an information technology services firm specializing in government contracts, has found itself at the center of a controversy after a job posting specified that only "white" U.S.-born citizens should apply. The discriminatory advertisement led to a settlement with the U.S. Department of Justice (DOJ), including a civil penalty and required reforms to the company's hiring practices. 
Arthur Grand Technologies, an information technology services firm specializing in government contracts, has found itself at the center of a controversy after a job posting specified that only "white" U.S.-born citizens should apply. The discriminatory advertisement led to a settlement with the U.S. Department of Justice (DOJ), including a civil penalty and required reforms to the company's hiring practices. -
Eli Lilly to Invest $5.3 Billion More in Indiana Plant to Meet Rising Demand for Key Drugs
Eli Lilly & Co. has announced an additional $5.3 billion investment in its manufacturing facility in Lebanon, Indiana, aiming to address the soaring demand for its weight loss drug Zepbound and diabetes treatment Mounjaro. This significant commitment elevates Eli Lilly's total investment at the site to $9 billion, marking the largest manufacturing investment in the company's nearly 150-year history. 
Eli Lilly & Co. has announced an additional $5.3 billion investment in its manufacturing facility in Lebanon, Indiana, aiming to address the soaring demand for its weight loss drug Zepbound and diabetes treatment Mounjaro. This significant commitment elevates Eli Lilly's total investment at the site to $9 billion, marking the largest manufacturing investment in the company's nearly 150-year history. -
Nvidia CEO Jensen Huang's Net Worth Skyrockets from $3 Billion to $90 Billion in Five Years Amid AI Boom
Nvidia CEO Jensen Huang's net worth has experienced a staggering increase over the past five years, soaring from roughly $3 billion to more than $90 billion, largely due to the company's dominance in the artificial intelligence (AI) chip market. 
Nvidia CEO Jensen Huang's net worth has experienced a staggering increase over the past five years, soaring from roughly $3 billion to more than $90 billion, largely due to the company's dominance in the artificial intelligence (AI) chip market.
