Meta Launches Threads, Betting Instagram Mojo Can Take on Twitter With New App
In a post ahead of a global launch, Mark Zuckerberg greets all: ‘Let’s do this. Welcome to Threads.’
AI Boom Stems Tech’s Downturn
Excitement over artificial intelligence is proving to be a powerful counterforce for a tech economy that had been slowing, lifting share prices and growth outlooks at many giants-and igniting new startups.
Sagard Adds Mideast, Canadian Backers to Ownership Ranks
Abu Dhabi sovereign wealth investor ADQ and the Bank of Montreal are acquiring minority stakes in the asset manager and insurer Great-West Lifeco is increasing its stake.
JetBlue Won’t Try to Save American Partnership
The airline is turning its focus to its planned $3.8 billion deal with Spirit Airlines, which also faces a challenge from the Justice Department.
UPS, Teamsters Hit Roadblock in Labor Talks
United Parcel Service and the Teamsters said talks have stalled on a new labor contract, raising the risk of roughly 330,000 package-delivery drivers and package sorters going on strike next month.
GQ Pulls Article Critical of Warner Bros. Discovery CEO
The magazine says the piece about David Zaslav wasn’t properly edited before publication.
Don’t Sell Edibles That Look Like Doritos, Federal Officials Tell Companies
The FTC and FDA warned six companies to stop using packaging that resembles popular children’s snacks.
Nutrisystem Owner to Relaunch Jenny Craig
The weight-loss brand had shut down in May after four decades.
Nikola’s Deliveries Rise While Production Falls Amid Manufacturing Pause
The company paused production in May at its plant to modify the assembly line for its new models.
Moderna Stock Is Surging on Deal to Make Vaccines in China
Drugmaker Moderna reached an agreement to produce mRNA vaccines in China. One report noted the company could invest up to $1 billion in the country.
Source: Dow Jones Newswires