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Hershey to Restore Classic Reese's Recipes by 2027

Hershey announced Wednesday it will revert to classic recipes for all Reese’s products starting in 2027, following criticism from Brad Reese, the grandson of the founder. The change comes after Brad Reese publicly criticized the company for shifting to cheaper ingredients in some products. The curre

Apr 1, 10:55 PM ET Est. Read: 2 Mins

4 articles from 4 publishers

BusinessEconomy

SpaceX Aims for $2 Trillion Valuation in Record IPO

SpaceX has confidentially filed for an initial public offering (IPO) with the Securities and Exchange Commission, targeting a potential valuation of $1.75 trillion to over $2 trillion , according to multiple reports. The Texas-based company submitted its draft IPO filing this week, putting it on tra

Apr 1, 3:06 PM ET Est. Read: 2 Mins

22 articles from 9 publishers

BusinessCorporate

Oracle Cuts Thousands Amid AI Spending Push

Oracle has begun laying off thousands of employees as it seeks to free up cash for significant investments in AI infrastructure. The $420 billion company, headquartered in Austin, Texas, started the redundancies on Tuesday, affecting various roles including senior engineers and program managers from

Apr 1, 6:55 AM ET Est. Read: 2 Mins

6 articles from 4 publishers

More Business Summaries

Corporate

IndiGo Names Walsh CEO to Repair Image

India's largest airline, IndiGo , has named aviation industry veteran William Walsh as its new chief executive. According to multiple reports, Walsh will join the company in August after concluding his term as director general of the International Air Transport Association (IATA). This appointment f

Apr 1, 3:27 AM ET·2 min read

4 articles from 3 publishers

Charity

Buffett & Currys Revive Charity Lunch Auction

Warren Buffett is reviving his annual charity lunch, this time partnering with NBA superstar Stephen Curry and his wife Ayesha for an exclusive auction event. The "A Seat At The Table" auction offers a private lunch with the billionaire investor and the Currys, with proceeds benefiting both the Glid

Mar 31, 5:07 PM ET·2 min read

3 articles from 3 publishers

Technology

Delta Partners with Amazon for Advanced In-Flight Wi-Fi

Delta Air Lines and Amazon have announced a long-term partnership to revolutionize in-flight connectivity using Amazon's low Earth orbit (Leo) satellite network. The collaboration aims to provide passengers with faster, more reliable internet access on hundreds of Delta aircraft starting in 2028. Th

Mar 31, 5:07 PM ET·2 min read

3 articles from 3 publishers

PharmaceuticalsMIXED REPORTS

Lilly to Acquire Centessa for Up to $7.8B

Eli Lilly has agreed to acquire Centessa Pharmaceuticals in a deal valued at up to $7.8 billion , according to reports from Reuters, STAT News, and CNBC. The acquisition aims to expand Lilly's portfolio beyond metabolic treatments into sleep disorders and neurological conditions. The UK-based Centes

Mar 31, 12:32 PM ET·2 min read

3 articles from 3 publishers

Corporate

Unilever to Merge Food Business with McCormick in $65B Deal

Unilever is nearing a final agreement to merge its food business with McCormick & Company, creating a combined entity valued at nearly $65 billion. The transaction includes $15.7 billion in cash that would give Unilever majority control of the new spin-off, which will combine brands such as Knorr an

Mar 31, 8:25 AM ET·2 min read

15 articles from 7 publishers

Economy

U.S. Gas Prices Top $4/Gallon Amid Iran Conflict

The average U.S. gas price has topped $4 per gallon for the first time since 2022 due to the ongoing Iran conflict, according to multiple reports. The national average stands at $4.02 , a significant increase from $2.98 before the war began on February 28, as reported by AAA and covered by BBC News,

Mar 31, 8:25 AM ET·2 min read

6 articles from 5 publishers

Corporate

Korean Air Enters Emergency Mode Over Fuel Costs

Korean Air Co., South Korea's flag carrier, will enter emergency management mode this week in response to rising fuel costs and other worsening external conditions, according to multiple sources. The decision was announced by Korean Air Vice Chairman Woo Kee-hong in an internal notice. The airline p

Mar 31, 6:19 AM ET·2 min read

3 articles from 3 publishers

Economy

UK Car Finance Scandal Costs Lenders $12B

The UK car finance industry is facing a $12 billion bill to compensate motorists for unfair vehicle loans, as revealed by the Financial Conduct Authority (FCA) in its final redress scheme. The scandal, one of Britain's costliest financial mis-selling cases, spans from April 2007 to November 2024 and

Mar 31, 6:19 AM ET·2 min read

6 articles from 3 publishers

Economy

CAA Proposes Heathrow Charge Cap for 2027-2031

The Civil Aviation Authority (CAA) has proposed capping passenger charges at Heathrow Airport between £27.20 and £30.50 for the regulatory period from January 2027 until the end of 2031, according to multiple reports. According to The Guardian , the average charge per passenger will rise slightly fr

Mar 31, 6:19 AM ET·1 min read

3 articles from 3 publishers

Corporate

Judge Halts Nexstar-Tegna Merger Over Antitrust Concerns

U.S. District Judge Troy Nunley has temporarily halted Nexstar Media Group's $6.2 billion acquisition of Tegna , ordering the companies to cease integration efforts pending further review. The judge's ruling comes in response to a lawsuit filed by DirecTV, which argued that the merger would violate

Mar 30, 5:36 PM ET·1 min read

3 articles from 3 publishers

Automotive

Iran War Threatens Luxury Carmakers' Gulf Profits

The ongoing Iran war is disrupting the profits of luxury carmakers from the Middle East, a region that accounts for less than 10% of sales volume but delivers disproportionately high margins due to demand for bespoke models. The conflict has caused significant disruptions in shipping routes, affecti

Mar 30, 4:37 AM ET·2 min read

4 articles from 3 publishers

Pharmaceuticals

Eli Lilly Expands AI Drug Deal with Insilico for $2.75B

Eli Lilly and Insilico Medicine have expanded their partnership with a deal potentially worth $2.75 billion , focusing on the development of oral treatments through AI-powered drug discovery. The agreement grants Eli Lilly exclusive worldwide rights to develop, manufacture, and commercialize certain

Mar 29, 3:47 PM ET·2 min read

5 articles from 3 publishers

Legal

Musk Seeks Recusal of Judge in Tesla Shareholder Lawsuits

Elon Musk has formally requested that Delaware Chancellor Kathaleen McCormick recuse herself from two shareholder lawsuits against him and Tesla, alleging bias after she appeared to support a LinkedIn post critical of him. The dispute stems from a recent jury verdict where Musk was found liable for

Mar 27, 4:11 PM ET·3 min read

7 articles from 3 publishers

Technology

Sony Raises PS5 Prices by $100-$150 Globally

Sony is raising the prices of its PlayStation 5 consoles by up to $150 in the US and £90 in the UK, effective April 2. The company attributes this increase to 'continued pressures in the global economic landscape' , particularly rising costs for memory components driven by demand from AI data center

Mar 27, 4:10 PM ET·1 min read

3 articles from 3 publishers

Trade

Canada Aims to Finalize Mercosur Trade Deal by Autumn

Canada is pushing to finalize a free-trade agreement with South America's Mercosur bloc by autumn. Maninder Sidhu , Canada's minister of international trade, expressed optimism about accelerating negotiations during the World Trade Organization (WTO) conference in Yaounde, Cameroon. The minister rev

Mar 27, 4:10 PM ET·4 min read

11 articles from 3 publishers

Economy

USPS to Impose Temporary Fuel Surcharge

The U.S. Postal Service (USPS) announced on Wednesday its plan to impose a temporary 8% fuel surcharge on select package services starting April 26, pending approval from the Postal Regulatory Commission. The surcharge will apply to Priority Mail Express, Priority Mail, USPS Ground Advantage, and Pa

Mar 25, 7:37 PM ET·2 min read

5 articles from 4 publishers

Corporate

Air Canada CEO to Retire After Bilingualism Backlash

Air Canada CEO Michael Rousseau will retire by September amid backlash over his English-only condolence message following a fatal crash at New York's LaGuardia Airport. The March 22 incident killed two pilots, including French-speaking Quebecer Antoine Forest and Mackenzie Gunther, while injuring do

Mar 25, 5:21 PM ET·2 min read

13 articles from 8 publishers

Markets

Polymarket Faces Scrutiny Over Suspicious Bets on Iran War

Polymarket, a cryptocurrency-based online platform that allows users to bet anonymously on event outcomes, is facing scrutiny over suspiciously timed bets related to the US-Israeli war on Iran. Researchers and analysts have identified patterns suggesting insider knowledge of key White House decision

Mar 25, 12:22 PM ET·2 min read

3 articles from 3 publishers

Corporate

Merck to Acquire Terns Pharma for $6.7B

Merck has announced its intention to acquire Terns Pharmaceuticals for approximately $6.7 billion, according to statnews.com . The deal values Terns at $53 per share, representing a 6% premium over its Tuesday closing price. This acquisition is aimed at strengthening Merck's cancer drug pipeline as

Mar 25, 12:22 PM ET·1 min read

4 articles from 3 publishers

CorporateMIXED REPORTS

SK Hynix Plans U.S. Listing for ADRs in 2026

SK Hynix Inc., one of the world's leading memory chip manufacturers, announced on Wednesday that it has begun taking steps to list American Depositary Receipts (ADRs) on the U.S. stock market by the second half of 2026. The South Korean company filed a confidential submission with the U.S. Securitie

Mar 25, 3:36 AM ET·1 min read

3 articles from 3 publishers

Corporate

Estée Lauder in Merger Talks with Puig

Estée Lauder Companies is in talks with Spanish beauty group Puig about a potential merger that could create a $40bn fashion and beauty giant, according to multiple reports. The US cosmetics company and Puig confirmed discussions but provided no details on the possible structure of the merger. The d

Mar 25, 12:31 AM ET·2 min read

4 articles from 3 publishers

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Business

Hershey to Restore Classic Reese's Recipes by 2027

SpaceX Aims for $2 Trillion Valuation in Record IPO