Category: Companies

Twitter Will Likely Play ‘Significant’ Role in Upcoming Elections: Musk

Twitter will likely play a “significant” part in the 2024 presidential elections and other electoral contests both domestically and internationally, according to CEO Elon Musk. Musk made the comments in an interview with Fox News host Tucker Carlson that aired in two parts on April 17 and 18. Musk also admitted that it remains to be seen…


Airbus, Air France Acquitted Over 2009 Rio–Paris Crash

PARIS—A French court on Monday acquitted Airbus and Air France of manslaughter charges over the 2009 crash of Flight 447 from Rio to Paris, prompting an outpouring of anguish from people whose loved ones were killed in a disaster that led to lasting changes in aircraft safety measures. Some erupted in sobs, others listened in…


FTX Celebrity Promoters Say Crypto Investors Cannot Sue Over Accounts

Celebrities who promoted FTX, including NFL quarterback Tom Brady and comedian Larry David, said an investor lawsuit seeking damages in the wake of the cryptocurrency exchange’s collapse should be dismissed. The proposed class action in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the United States, which required the…


Eli Lilly to Invest Additional $1.6 Billion in 2 New Plants

Eli Lilly and Co. said on Monday it will invest an additional $1.6 billion at its two new manufacturing sites in Indiana, United States to support the manufacturing of its recently approved cancer drug, Jaypirca, among others. The company’s total investment commitment in the facilities now stands at $3.7 billion, Eli Lilly said. Lilly has…


ANALYSIS: From Bud Light to Disney, How Left-Wing Causes Are Infiltrating Corporate Advertising

Anheuser-Busch’s controversial sponsorship of trans influencer Dylan Mulvaney in an advertising campaign for its beer brand Bud Light is just the most recent example of corporations championing progressive causes—and then having to backpedal when they discover that the message proves divisive. In an attempt to quell a backlash among Bud Light drinkers, Anheuser-Busch CEO Brendan…


Google CEO Issues Warning About Future of Artificial Intelligence

The CEO of Google and its parent, Alphabet, warned about the future effects of artificial intelligence on humanity. CEO Sundar Pichai said that “every product of every company” will be impacted by the rapid development of AI, in an interview with CBS’ “60 Minutes” on April 16. He said that society needs to prepare for the revolution in AI…


Sega Offers $776 Million for Angry Birds Maker Rovio

Sega Sammy Holdings has made an offer to acquire the Angry Birds mobile game creator Rovio Entertainment, which admitted being in talks over a possible offer. The Wall Street Journal had earlier reported on April 14 that a potential $1 billion deal between the two companies was close. The Japanese company confirmed its bid to buy the…


Budweiser’s New Pro-America Advertisement Sets Social Media Ablaze Amid Mulvaney Controversy

In what appears to be an attempt to win back the audience that was angered over Bud Light after its endorsement deal with transgender activist Dylan Mulvaney, Anheuser-Busch launched a new patriotic advertisement with its most iconic image. The advertisement, released Friday on social media, shows a Clydesdale horse—used for decades by Anheuser-Busch and Budweiser—walking past the…


Decarbonization Campaign Will Raise Flight Costs for Consumers, European Air Travel Experts Warn

Commercial aviation industry members in Europe are expecting the costs of air travel to rise amid a campaign to transition away from fossil fuels. European airline industry members are aiming to reach net-zero aviation carbon emissions over the next 27 years as part of a plan called Destination 2050. The carbon-reduction effort is largely centered…


Conglomerate Starboard Buys Parler, to Shut Down Social Media App Temporarily

Digital media conglomerate Starboard said on Friday it has bought Parler for an undisclosed sum and will temporarily shut down the social media app popular with conservatives to give itself time to roll out a revamped version of the platform. The move comes months after the collapse of a deal that would have seen American…