Blackstone Nears Deal To Acquire Jersey Mike's Subs Valued At $8 Billion: Report
Jersey Mike's Subs operates around 3,500 locations, with approximately 2,800 in the United States. The remaining outlets are distributed across Canada and Mexico, employing over 19,000 individuals.
Tech CEOs In Europe Call For 'Europe-First' Mentality Following Trump's 'US-First' Advocacy
Tech CEOs in Europe have called for a Europe-first mindset in terms of technology following Trump's win.
New Nvidia AI Chips Facing Overheating Snag: Report
The new Blackwell graphics processing units are said to overheat when connected together in customized racks designed to accommodate 72 units, which are intended for building powerful AI systems.
Lilly Sues US Agency For Blocking Proposed Drug Rebate Plan
Eli Lilly is taking the HRSA to court for allegedly blocking the pharma's discount plan.
Musk And Ramaswamy's DOGE Seeks 'Super High IQ' Staff But There Is A Big Barrier To Apply
In a post on X, the Department of Government Efficiency stated that it needs "super high-IQ small-government revolutionaries willing to work 80+ hours per week on unglamorous cost-cutting."
GM's Self-Driving Cruise To Pay $500,000 Fine In Connection With Robotaxi Running Over Woman
The Justice Department revealed that Cruise will pay the fine as part of a deferred prosecution agreement.
Tesla Issues Sixth Cybertruck Recall Since Its Launch Last Year
The latest recall involves faulty 'defective drive inverters'.
US October Budget Deficit Swells 287% To $257 Billion
The budget deficit of the U.S. government in October 2023 was $67 billion.
AMD To Reduce Global Workforce By 4% Amid AI Focus
″As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps that will unfortunately result in reducing our global workforce by approximately 4%," an AMD representative said in a statement.
Nvidia, SoftBank Pilot World's First AI-powered 5G Telecom Network
Nvidia and Softback piloted the highly advanced AI and 5G telecom network.
Waymo Opens Robotaxi Service To All In Los Angeles, Marking Biggest Expansion Yet
Waymo expands its robotaxi service in Los Angeles, marking the biggest expansion it has made.
Volkswagen And Rivian Launch Joint Venture Valued At $5.8 Billion
With this venture, the two companies plan to bring "best-in-class software technology" and "next-generation electrical architecture" for future electric vehicles of the companies. The deal will cover various kinds of vehicles, which would also include subcompact cars.
A Lack Of New Aircraft From Boeing Is Bad News For Southwest Employees
The buyout offers mainly target ground operations staff, including customer service agents, baggage handlers and cargo workers.
Shareholders Sue Chipotle Over Portion Sizes
The suit claims portion sizes were "inconsistent" and hurt customer loyalty.
23andMe Slashes Workforce By 40%, Ends Therapeutic Programs
Genetic testing company 23andMe will be restructuring the company to save on costs.
Amazon Weighs New Multi-Billion Dollar Investment in Anthropic: Report
This would be Amazon's second investment in Anthropic, as the company previously announced a $4 billion investment in September last year. At that time, Amazon also revealed that its customers would get early access to Anthropic's technology.
Nvidia Market Value Tops $3.6T After Trump's Victory, Replaces Intel In DJIA
The market value of Nvidia soared to more than $3.6 trillion following Donald Trump.
Boeing To Repay Furloughed Employees, But Will Still Proceed With Job Cuts
The planemaker's CEO, Kelly Ortberg, stated that while factory workers would be repaid for lost wages, the company would still go ahead with its plans to slash approximately 10% of its workforce globally.
Oil Prices Could Sink to $60 Under Trump Presidency, Citi Warns
However, Citi stated that "there is a risk that Trump imposes more sanctions on oil-producing countries like Venezuela and Iran, which could have bullish effects on oil prices."
Automakers Gear Up As New Tariffs, EV Policy Changes Loom Under Trump Administration
In addition to the tariffs on Mexico, the Republican leader has expressed his intention to reverse pro-electric vehicle policies and rescind regulations enforced by the Environmental Protection Agency and the Transportation Department on his first day in office. He also aims to reduce or eliminate tax breaks and other incentives for electric vehicles.
Big Tech CEOs Congratulate President-Elect Donald Trump
CEOs of big tech firms send their well wishes to President-elect Donald Trump.
EU Antitrust Regulator To Fine Apple Under DMA Act: Report
Antitrust regulator of EU is set to fine Apple of allegedly breaching tech rules.
Perplexity To Raise $500 Million At $9 Billion Valuation: Reports
Perplexity is raising a new investment, which could bring its valuation to $9 billion.
FAA Approves New Delivery Drone Of Amazon - The MK30
Amazon receives FAA approval on the use of its new delivery drone MK30.
NHTSA Closes Probe Into 411,000 Ford Pickups Over Potentially Defective Engine
The probe on 411,000 Ford pickups and SUVs was closed by the NHTSA.
Shari Redstone To Leave Paramount Board Post Skydance Merger: Report
Both Redstone and her son, Tyler Korff, have the option to join the board of the new company but have no plans to do so, according to a report.
Musk And X Allegedly Spearhead Election Misinformation, Experts Claim
A non-profit group claims that Musk and X are propagating election misinformation.
Stonepeak Reportedly Close To $3.1 Billion Acquisition Of ATSG
The New York-based investment firm aims to purchase ATSG at a price of $22.50 per share, which is an almost 30% premium compared to the company's closing price on Friday, according to a report.
Volkswagen CEO Tells Publication Cost Cutting Necessary Amid "Structural Problems"
The CEO of Volkswagen revealed to a publication that the cost cutting measures in the company is necessary.
US Tech Firms Warn Vietnam Over Draft Law To Hamper Data Centers
U.S. tech firms are warning Vietnamese authorities over their draft law that could hamper the growth of the data center industry in the country.