Industry

BlackRock and a US consortium secure a $23 billion deal to take control of key Panama Canal ports, shifting regional trade dynamics.

Walgreens is nearing a $10 billion buyout deal with Sycamore Partners, potentially ending its run as a public company.

Target and Best Buy warn shoppers of rising prices as new U.S. tariffs on Mexico, Canada, and China take effect.

Trump secures a $100 billion investment from TSMC to boost US semiconductor manufacturing and strengthen national security

Delta Airlines has added new international routes for people flying from certain cities in the United States.

Elon Musk urges the FAA to replace Verizon with SpaceX's Starlink for air traffic control, citing urgent safety concerns.

Lucid CEO Peter Rawlinson steps down as the EV maker plans to double production, with Marc Winterhoff stepping in as interim leader.

Eli Lilly invests $27 billion in U.S. manufacturing to boost drug production and strengthen the supply chain.

Jeff Bezos announces a major overhaul at The Washington Post, prompting the departure of editorial chief David Shipley.

Apple plans a $500 billion U.S. investment, including a Houston server facility, creating thousands of jobs.

Joann Fabrics announces the closure of all stores after auctioning its assets, with going-out-of-business sales now underway.

Starbucks announces layoffs of 1,100 corporate workers and cuts 30% of its menu to streamline operations and boost sales.

Alibaba announces a $52 billion investment in AI and cloud computing over the next three years, aiming to lead China's tech race.

JetBlue is exploring new airline partnerships after its deals with Spirit and American Airlines were blocked by federal regulators.

BlackRock, US Consortium Take Over Panama Ports in $23 Billion Agreement