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FTC Blocks Tempur Sealy's Acquisition of Mattress Firm Over Competition Concerns

FTC Blocks Tempur Sealy's Acquisition of Mattress Firm Over Competition Concerns

The Federal Trade Commission has voted to prevent mattress maker Tempur Sealy from acquiring retail chain Mattress Firm, citing concerns that the merger would stifle competition.


Temu and Shein's High Airfreight Demand Drives Up Global Shipping Prices

Chinese e-commerce giants Temu and Shein have significantly increased global airfreight prices, leading to limited capacity and heightened costs akin to peak holiday periods.

FDA Approves Eli Lilly's Alzheimer’s Drug Donanemab, Expanding US Treatment Options

The FDA has approved Eli Lilly’s Alzheimer’s drug donanemab, branded as Kisunla, for early symptomatic adults, providing a new treatment option for nearly 7 million Americans affected by the disease.

Apple Joins OpenAI's Board: Phil Schiller Takes Observer Role in Historic Partnership

Apple has secured an observer role on OpenAI’s board as part of a significant agreement, with Phil Schiller, the head of Apple’s App Store, appointed to the position.


Latest News

McDonald's USA
McDonald's will launch a Jujutsu Kaisen-inspired garlic sauce on July 9 through its app, aiming to appeal to anime fans and culinary enthusiasts alike.
Midwest States Face Major Outbreak Of Avian Flu
Moderna received $176 million from the US government to fast-track the development of its bird flu vaccine, following the spread of the H5N1 virus in dairy herds across multiple states.
Salesforce Shareholders Vote Against Compensation Plan for CEO Marc Benioff
Salesforce investors rejected the company's compensation plan for top executives amid concerns over the equity awards granted to CEO Marc Benioff.
Joe Biden Rule Extending Overtime Protections to 1 Million More Workers Goes Into Effect: Do You Qualify?
One million American workers whose wages are below the median individual pay will now be eligible for overtime protections, according to President Joe Biden.
SWITZERLAND-UBS-BANKING-EARNINGS
UBS is leading AI integration in banking with initiatives like instant credit for small businesses, pushing the banking sector to embrace AI's transformative potential to keep up.
US-POLITICS-OBAMA
Community Health Systems expands its partnership with Mark Cuban Cost Plus Drugs, enabling 71 hospitals to access a wider range of generic medicines.
Philadelphia Woman Charged for Stealing COVID-19 Relief Funds From Florida to Pay for Brazilian Butt Lift
A Philadelphia woman was charged for allegedly stealing COVID-19 relief funds intended for a Florida city to pay for a cosmetic procedure known as a Brazilian butt lift.
Mexico's Sinaloa Drug Cartel Members Found Citi ‘Favorable’ for Money Laundering: Report
US officials said that drug traffickers for Mexico's Sinaloa cartel chose to launder money through Citi.
Cannabis Businesses Fail to Win Lawsuit Challenging US Marijuana Ban
A federal judge has dismissed a lawsuit filed by several Massachusetts cannabis businesses seeking to challenge the existing federal prohibition on marijuana.
China Forms New State Body to Find Oil and Gas Reserves Deep Underground
China has established a new entity that combines national oil producers and state firms to look for ultra-deep oil and gas reserves.