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Karex to Raise Condom Prices Amid Iran War Supply Chain Disruptions

The world's largest condom manufacturer, Karex Bhd. , plans to raise prices by 20% to 30% due to supply chain disruptions caused by the Iran war. According to multiple reports, Karex CEO Goh Miah Kiat stated that production costs have risen sharply since the conflict began in late February. The Mala

Apr 21, 11:42 PM ET Est. Read: 2 Mins

5 articles from 5 publishers

BusinessCorporate

SpaceX Targets $1.75T Valuation in Record IPO

SpaceX is targeting a record-breaking valuation of nearly $1.75 trillion for its upcoming initial public offering (IPO), which could make it the largest IPO in history. The company is seeking to raise approximately $75 billion , according to multiple reports. The rocket and satellite maker has secur

Apr 21, 9:34 PM ET Est. Read: 3 Mins

16 articles from 3 publishers

BusinessMarkets

Polymarket Seeks $400M Fundraise at $15B Valuation

Polymarket, an online prediction market platform, is in discussions to raise $400 million in funding at a valuation of up to $15 billion according to The Guardian and The Information . This potential fundraising round represents a significant increase from the company's previous valuation. According

Apr 21, 5:06 PM ET Est. Read: 1 Mins

3 articles from 3 publishers

More Business Summaries

Technology

John Ternus to Lead Apple Amid AI Challenges

John Ternus will take over as CEO of Apple from Tim Cook in September, facing significant challenges including catching up with competitors in artificial intelligence (AI) and diversifying revenue beyond the iPhone. According to The Guardian , Ternus is moving up from his role as head of engineering

Apr 21, 3:10 PM ET·4 min read

8 articles from 4 publishers

Automotive

VW Adds AI Agents to China Cars

Volkswagen Group plans to equip new cars built for the Chinese market with AI 'agents' starting in the second half of this year. The move aims to help Volkswagen catch up with advanced technology offered by Chinese automakers, as reported by TimesLIVE , Reuters , and CNBC . The German carmaker annou

Apr 21, 11:08 AM ET·2 min read

4 articles from 3 publishers

Legal

Prosecution Rejects Arrest Warrant for Hybe Chairman Bang

Prosecutors in South Korea have rejected a police request for an arrest warrant against Bang Si-Hyuk , the founder and chairman of K-pop powerhouse Hybe, citing insufficient evidence. The Seoul Southern District Prosecutors' Office returned the arrest warrant request filed earlier this week to the p

Apr 21, 8:54 AM ET·2 min read

5 articles from 4 publishers

Corporate

ABF to Split Primark from Food Businesses by 2027

Associated British Foods (ABF) has announced plans to split its fashion chain Primark from its food businesses by the end of 2027. The company stated that both entities will be stronger as standalone companies with their own boards and dedicated investors. The demerger will separate Primark, which o

Apr 21, 6:56 AM ET·2 min read

5 articles from 3 publishers

Corporate

Tim Cook Steps Down as Apple CEO

Tim Cook will step down as CEO of Apple on September 1 , transitioning to an executive chairman position after nearly 15 years in the role. He will be succeeded by John Ternus , a senior vice president of hardware engineering at Apple who has been with the company for more than two decades. During C

Apr 20, 6:06 PM ET·3 min read

25 articles from 14 publishers

Economy

US Launches $166B Tariff Refund Portal

The federal government has launched an online portal for businesses to request $166 billion in tariff refunds after the Supreme Court ruled President Donald Trump's tariffs unconstitutional. According to multiple sources, U.S. Customs and Border Protection (CBP) began accepting claims on Monday thro

Apr 20, 2:01 PM ET·2 min read

6 articles from 5 publishers

Economy

Spirit Airlines Shuts Down After Bailout Fails

Spirit Airlines officially ceased operations on Saturday, May 4, 2026, after failing to secure a $500 million bailout from the Trump administration. The shutdown leaves over 17,000 employees without jobs and affects thousands of passengers who had booked flights with the airline. The collapse comes

Apr 18, 1:42 AM ET·4 min read

61 articles from 16 publishers

Corporate

Judge Blocks Nexstar-Tegna Merger Over Antitrust Concerns

A federal judge has blocked Nexstar Media Group's $6.2 billion takeover of rival Tegna , according to multiple reports. Chief Judge Troy Nunley of the Eastern District Court of California issued a preliminary injunction on Friday, requiring Nexstar to operate the acquired stations separately until a

Apr 18, 12:01 AM ET·3 min read

6 articles from 6 publishers

Legal

Carnival Ordered to Pay $300K for Overserving Passenger

A federal jury in Miami ordered Carnival Cruise Line to pay $300,000 to a California woman who was overserved alcohol and subsequently injured on one of its ships. The jury found Carnival 60% liable for negligence after Diana Sanders, a nurse from Sacramento, consumed at least 14 shots of tequila ov

Apr 17, 5:21 PM ET·1 min read

4 articles from 3 publishers

Corporate

Air New Zealand to Offer Economy Bunk Beds

Air New Zealand will introduce triple-tier bunk bed sleep pods for economy-class travelers on its long-haul flights between Auckland and New York starting November 2026. The airline's new Boeing 787-9 Dreamliner aircraft will feature six curtained Skynest pods arranged in a triple-bunk style layout,

Apr 17, 8:14 AM ET·2 min read

5 articles from 5 publishers

Corporate

Hastings to Exit Netflix Board Amid Growth Questions

Netflix co-founder Reed Hastings announced he will not stand for re-election as chairman at the company's annual meeting in June, ending his tenure after nearly three decades. The news came alongside Netflix's first-quarter earnings report, which showed a revenue increase of 16% to $12.3 billion but

Apr 16, 5:21 PM ET·4 min read

8 articles from 7 publishers

Energy

UK Expands Energy Bill Support for Manufacturers

The UK government has expanded its British Industrial Competitiveness Scheme (BICS) to help more manufacturers with their energy bills. The scheme, which will start in April 2027, aims to cut electricity costs by up to 25% for around 10,000 energy-intensive firms in sectors such as steel and pharmac

Apr 16, 3:23 PM ET·2 min read

3 articles from 3 publishers

Economy

PepsiCo's Price Cuts Boost Sales Amid Economic Uncertainty

PepsiCo reported an 8.5% increase in first-quarter sales, reaching $19.4 billion (£14.4 billion), after implementing price cuts on popular snacks like Doritos and Lay's by up to 15%. This strategy helped the company win back customers who had been struggling with rising costs since 2022. According t

Apr 16, 1:06 PM ET·1 min read

4 articles from 3 publishers

Corporate

Snap to Cut 16% Workforce, Cites AI Advancements

Snap Inc., the parent company of Snapchat, announced on Wednesday that it will lay off approximately 16% of its global workforce, affecting about 1,000 employees . The company also plans to forgo filling around 300 open positions , as reported by multiple sources including UPI and Reuters. Evan Spie

Apr 15, 6:44 PM ET·2 min read

4 articles from 4 publishers

Legal

Jury Finds Live Nation a Monopoly

A federal jury in Manhattan has ruled that Live Nation Entertainment and its subsidiary, Ticketmaster, operated an illegal monopoly over concert venues and live event markets. The verdict came after a five-week trial and four days of deliberations. The ruling found that Ticketmaster had overcharged

Apr 15, 6:44 PM ET·1 min read

11 articles from 10 publishers

Economy

S&P 500 Hits Record High Amid Iran War Concerns

The S&P 500 hit a new record high on Wednesday, climbing 56 points , or 0.8% , to close at 7,023 . The Nasdaq Composite Index also ended in record territory, jumping 377 points , or 1.6% , to 24,016 , eclipsing its previous record of 23,958 in October 2025. The rally marks a sharp reversal from la

Apr 15, 4:23 PM ET·1 min read

5 articles from 3 publishers

Corporate

Allbirds Pivots to AI Amid Stock Surge

Allbirds, the eco-friendly shoe company, announced a dramatic shift from footwear to artificial intelligence infrastructure on Wednesday. The San Francisco-based firm secured a $50 million agreement with an institutional investor to fund this pivot and will rebrand as NewBird AI. The company's stock

Apr 15, 2:37 PM ET·2 min read

8 articles from 8 publishers

Corporate

American Airlines Rejects United Merger Talks

American Airlines has rejected merger talks with United Airlines, stating that such a deal would be negative for competition and consumers. The potential merger faced significant regulatory hurdles and opposition from various stakeholders. The meeting between United Airlines CEO Scott Kirby and Pres

Apr 15, 8:47 AM ET·1 min read

10 articles from 4 publishers

Corporate

Court Orders Rinehart to Share Mining Royalties

Australia's Supreme Court ruled on Wednesday that Gina Rinehart's Hancock Prospecting must pay royalties to the heirs of Peter Wright and Don Rhodes from its Hope Downs iron ore mine operations. The decision concludes a lengthy legal battle over mining rights and royalty agreements. The court determ

Apr 15, 1:30 AM ET·2 min read

9 articles from 4 publishers

Corporate

Disney Cuts 1,000 Jobs Across Company

Walt Disney Co. announced it will cut approximately 1,000 jobs across multiple divisions, including marketing, studio and television business, ESPN, products and technology, and corporate functions. The layoffs began this week under new CEO Josh D’Amaro's leadership to streamline operations amid dec

Apr 14, 6:28 PM ET·2 min read

3 articles from 3 publishers

Media

Nonprofit Saves Pittsburgh Post-Gazette

The Pittsburgh Post-Gazette , a newspaper with roots dating back to 1786, has been saved from closure by the Venetoulis Institute for Local Journalism. The nonprofit organization announced Tuesday it had acquired the struggling paper just days before its planned shutdown on May 3. According to The

Apr 14, 3:35 PM ET·2 min read

3 articles from 3 publishers

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Business

Karex to Raise Condom Prices Amid Iran War Supply Chain Disruptions

SpaceX Targets $1.75T Valuation in Record IPO