Fisker, an all-electric vehicle startup, recently filed for Chapter 11 bankruptcy protection, a move that was influenced by sluggish consumer demand, high cash burn, and operational challenges. The company had already raised concerns regarding its viability back in February, prompting its CEO, Henrik Fisker, to distance himself from public view. The current bankruptcy filing marks
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The pharmaceutical giant, Eli Lilly, has seen a surge in demand for its weight loss and diabetes treatments over the past year, propelling the company to new heights. The success of their diabetes injection, Mounjaro, and the recently launched obesity drug, Zepbound, has been a significant contributing factor to this upward trajectory. Anat Ashkenazi, the
This weekend saw the much-anticipated debut of “Inside Out 2”, bringing a whopping $155 million domestically, making it the second-highest theatrical opening for an animated film. This success follows closely behind Warner Bros.’ “Barbie” as the first film to surpass $100 million during its opening weekend since the pandemic began. This is a significant achievement
Boeing’s Starliner capsule, named “Calypso”, has been granted an extended stay at the International Space Station, NASA revealed recently. Originally intended for a nine-day mission, the Starliner’s stay has now been extended for at least 17 days due to the need for further spacecraft testing while docked at the ISS. This extensive testing is part
In a groundbreaking announcement on Wednesday, Sony Pictures revealed the acquisition of Alamo Drafthouse, a significant player in the North American movie theater scene. This move marks a notable shift in the industry as it is the first time a studio has bought a theater chain since the Department of Justice’s antitrust division lifted the
The Covid-19 pandemic has undoubtedly had a significant impact on various sectors of the economy, with child care services being one of the most affected. As day cares closed, schools went remote, and parents struggled to balance work and childcare responsibilities, the cracks in the child care system were exposed. This article aims to delve
In a shocking turn of events, the court-appointed trustee in the Synapse bankruptcy case has revealed an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed. This revelation has sent shockwaves through the fintech sector, marking it as one of the worst meltdowns since the 2008
Rivian Automotive has recently announced significant redesigns for its all-electric R1 pickup and SUV models to enhance range, performance, and computing power. The company has made substantial changes to more than half of the hardware components for the second-generation products. Furthermore, Rivian has reengineered the batteries and electrical architectures of the vehicles to ensure superior
Walmart has recently announced new training programs and certifications aimed at filling high-demand roles within the company. These roles include HVAC technicians, opticians, and software engineers. The retail giant is focusing on upskilling its workforce to meet the changing demands of the market. Bonuses for Hourly Store Workers In addition to the training programs, Walmart
Streaming services have become an integral part of entertainment consumption for millions of people worldwide. With a plethora of options available, consumers are constantly faced with decisions regarding which services to subscribe to based on affordability and content offerings. Recently, Warner Bros. Discovery’s Max announced price increases for its ad-free options, adding to the ongoing