Industry
Bud Light Boycott Over Transgender Ambassador Cost Anheuser-Busch InBev Over $1 Billion Loss
The $1.4 billion potential sales loss for the World's biggest brewery was compounded by a nearly 7% drop in sales in Hong Kong and further declines in China for its Asia business.
India Approves $15.2 Billion Investment in Semiconductor Plants, Including Tata Group's Chipmaking Facility
The $15.2 billion investment in semiconductor plants, including Tata Group's $11 billion chip facility, will be part of India's tech advancement push and reduce import dependency.
OpenAI Faces SEC Investigation After CEO Sam Altman Allegedly Misled Investors
According to US regulators, they will be investigating internal communications to see if OpenAI's CEO, Sam Altman, potentially deceived investors.
Disney Announces $8.5 Billion Mega-Merger With Reliance, Igniting Streaming Wars and Cricket Frenzy in India
Backed by a $1.4 billion investment from Asia's richest man, Mukesh Ambani, Disney will likely end at the top of highest streaming profitability by 2024.