EV Startup Lordstown Files for Bankruptcy
The electric-truck maker, once cheered by investors during the SPAC boom and lauded by former President Donald Trump as a savior for a closed GM factory in Ohio, filed for bankruptcy.
Aston Martin on Track to Hit Key Financial Targets
Aston Martin said it expected to meet its targets of GBP2 billion in revenue and around GBP500 million in adjusted earnings in 2024, and with “persistent momentum”, is likely to exceed them in 2025.
Sequoia Made a Fortune Investing in the U.S. and China. Then It Had to Pick One.
Scrutiny from Washington aggravated tensions within the venture-capital firm, fueling its decision to break up.
DeSantis Asks Judge to Toss Disney’s Lawsuit
The Florida governor is arguing that the company lacks standing to sue him and another state official.
Senior Attorney Helped FTX Founder Misuse Customer Funds, Report Says
The unnamed lawyer in a document released by FTX Chief Executive John J. Ray III appears to be the crypto exchange’s former chief regulatory officer, Daniel Friedberg, say people familiar with the matter.
The Drugs That Are Gaining on Ozempic
If they prove to work safely, the therapies could help people lose so much weight that they supplant bariatric surgery.
Group Black in Talks to Buy Sports Illustrated Publisher
The Black-owned media network has sought other acquisitions, though a deal hasn’t materialized.
Robinhood Lays Off About 7% of Its Full-Time Employees
The move is the online brokerage’s third round of layoffs in just over a year.
The Battle for Taco Tuesday Gets Heated
Taco Bell has been fighting a fast-food chain and a New Jersey restaurant over the use of the popular phrase.
Carnival Shares Fall, Drag Down Royal Caribbean, Norwegian
The cruise giant is among the S&P 500’s worst performers of the day.
Source: Dow Jones Newswires