The U.S. Food and Drug Administration (FDA) has shocked many by deciding not to approve a pioneering nasal spray as an alternative to current epinephrine autoinjectors, like EpiPens. The announcement was met with surprise, especially from ARS Pharma, the creator of the product named Neffy. The FDA’s move came despite an earlier endorsement in May […]
Media tycoon Byron Allen has put forth a proposal of $10 billion to buy Disney’s ABC Network, FX, and National Geographic, as the company aims to focus on its thriving streaming services. Key Points: Offer includes ABC’s broadcast network, FX, and National Geographic. Disney, while not confirming a sale, has not dismissed the possibility. Speculations […]
The iconic fast-food chain, McDonald’s, has announced that it will be discontinuing the use of self-serve beverage stations in its U.S. restaurants by 2032. This change aims to ensure uniformity in the experiences of both customers and workers, regardless of whether the order is placed in person, via the drive-thru, or through the McDonald’s app. […]
Apple has issued an immediate security update for iPhone and iPad users, urging them to update to iOS 16.6.1 and iPadOS 16.6.1, respectively. The swift release of this update follows the discovery of two critical vulnerabilities, one within the ImageIO framework and the other related to Wallet. This release also encompasses watchOS 9.6.2, aiming to […]
Well, the technology world was utterly rocked recently. China decided to keep government officials from using iPhones and boy, did this decision send ripples of shock through everyone related to tech. Apple’s stock took a whacking, dropping nearly 4% after this announcement – its worst performance in one day for over a month! But that’s […]
Walgreens Boots Alliance announced on Friday that its Chief Executive Officer, Roz Brewer, has decided to step down from her role and from the company’s board, effective Thursday. This move comes as the company is keen on deepening its transition from a traditional drugstore to a full-fledged healthcare provider. Stock Market Response Walgreens’ shares opened […]
Kohl’s Corp, a prominent department store chain, posted its Q2 results, indicating a decline in both profits and sales. Yet, these figures still managed to surpass Wall Street’s projections. This has come during a time when the retail sector at large grapples with a delicate economic landscape marked by cautious consumer spending, propelled by high […]
U.S. Steel Corporation announced on Sunday that it has initiated a formal review to consider strategic alternatives after receiving several unsolicited proposals. These bids range from the acquisition of specific production assets to offers for the entire company. CEO David Burritt stated, “The interest demonstrated by the unsolicited proposals received to date is a validation […]
Amazon.com (AMZN.O) is reportedly engaging in discussions to join other prominent technology companies as a cornerstone investor in SoftBank Group Corp’s Arm Ltd, leading up to its highly anticipated initial public offering (IPO). Insiders unveiled on Tuesday that Amazon’s potential stake in the IPO hasn’t been publicly disclosed until now. This proposed investment brings to […]
Hyundai and Kia are directing owners of specific 2023 and 2024 models to park their vehicles outside and away from structures. The recall is conducted to replace potentially faulty electric oil pumps that may cause an underhood fire. This issue affects more than 91,000 vehicles across both manufacturers’ lineups. The National Highway Traffic Safety Administration […]
