Recently, Gilead Sciences revealed that they had uncovered a dangerous drug-counterfeiting operation that targeted their HIV medications. This scheme, allegedly orchestrated out of two pharmacies in New York City, involved tampering with and improperly reselling the medications before reaching the patients. According to court documents unsealed this month, Peter Khaim, a twice-convicted medical fraudster, was
Business
Starbucks, a well-known coffee giant, has been facing operational challenges that have impacted its sales and customer satisfaction. The incoming CEO, Brian Niccol, is expected to address these issues and turn the company around. Investors and executives have identified various culprits for the chain’s recent struggles, including operational inefficiencies, a weakening consumer base, boycotts, and
The clash between media giants Disney, Warner Bros. Discovery, and Fox and the internet TV bundle Fubo TV over the launch of their sports streaming service, Venu, has resulted in a temporary injunction granted by a U.S. judge. The lawsuit alleges that Venu would be anticompetitive and poses a threat to Fubo TV’s business model,
SpaceX is gearing up for an extraordinary private mission that is set to mark a groundbreaking moment in space exploration. The Polaris Dawn mission, part of billionaire Jared Isaacman’s Polaris Program, is slated for launch at the end of the month. This mission will feature the first-ever spacewalk attempted by astronauts in a private venture,
Byron Allen, a prominent media mogul known for his interest in purchasing major media assets, has been under fire for consistently making late payments to network owners. This behavior has not only angered his media allies but has also put a strain on potential deal partnerships. The implications of these delayed payments have raised concerns
The groundbreaking collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy in “Deadpool & Wolverine” has shattered records and redefined success in the film industry. With a staggering $1.085 billion in global box office earnings, the film has become the highest-grossing R-rated title of all time, surpassing even the iconic “Joker.” This unprecedented achievement not
United Auto Workers President Shawn Fain recently released a video criticizing Stellantis CEO Carlos Tavares, accusing him of price gouging consumers and failing to uphold parts of the union’s labor contract with the automaker. Fain’s comments in the video highlight a growing tension between the CEO and the union leader in the aftermath of contentious
As Walmart prepares to release its quarterly earnings report, investors and economists are closely monitoring the results to gain insights into the current state of the American economy. With the retail giant serving as a barometer for consumer behavior, analysts are particularly interested in the company’s projected earnings per share and revenue figures. According to
Alaska Airlines flight attendants made a bold move by rejecting a new labor deal that would have brought immediate raises averaging over 24%. The decision was announced by their union on Wednesday, signaling a potential roadblock in the ongoing negotiations between the two parties. Initially, the union and the company had reached a tentative agreement
Starbucks has recently announced their incoming CEO and Chair, Brian Niccol, who is set to take over the leadership position on September 9th. Niccol’s compensation package includes a significant pay bump and hefty one-time awards as an incentive for leaving his prior role as chief executive at Chipotle Mexican Grill. Niccol’s pay plan at Starbucks