The U.S. Department of Agriculture (USDA) has given its approval for the sale of cell-cultured chicken, also known as cultivated, cell-based or lab-grown protein, in a landmark decision that paves the way for consumers to try it out themselves. This decision comes after the U.S. Food and Drug Administration (FDA) granted approval to the startups,
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Toyota Motor’s shares have reached their highest level since 2009, after the company revealed plans for its next-generation electric vehicles and received approval for its new leadership during its annual meeting. Shares of Toyota on the New York Stock Exchange rose 1.6% during intraday trading on Thursday, reaching a new 52-week high of $168.18 per
Cava, a Mediterranean restaurant chain, witnessed a 117% surge in its shares during its market debut on Thursday, making it the highest-performing IPO this year for companies valued over $500 million. The company’s stock opened at $42 per share and closed at $43.78 per share, giving it a market value of $4.88 billion. Cava Group
Disney has recently announced the delay of several entries in its popular Avatar, Marvel, and Star Wars franchises. The company has not provided any explanation for the rearrangement of the release dates. However, it is common for studios to adjust their schedules for various reasons. The delay in release dates may be related to the
Fanatics, the global platform company, recently held its second investor day in nearly a year as the company quietly moves closer to an initial public offering. Over 100 existing and prospective institutional investors from major firms such as Goldman Sachs and Barclays gathered Tuesday for the meeting at the NBA Players Association headquarters in New
Planet, a satellite-imagery and data-analysis company, saw its shares fall after it cut its annual revenue guidance following the release of its first-quarter results. The company reduced its forecast for its fiscal-year 2024 revenue to a range of $225 million to $235 million from the previous forecast of $248 million to $268 million, subsequently causing
General Motors (GM) has announced that it will partner with Tesla to use the electric vehicle (EV) leader’s North American charging network and technologies. Following in the footsteps of crosstown rival Ford Motor, GM vehicles will be able to access 12,000 of Tesla’s fast chargers using an adapter and the Detroit automaker’s EV charging app,
After the second month of the Writers Guild of America (WGA) strike, the Directors Guild of America (DGA) and the Alliance of Motion Picture and Television Producers (AMPTP) have reached a tentative agreement, which has not yet been approved by DGA members. The three-year contract would provide pay and benefit gains, increases to global streaming
Diamond Sports, the owner of 19 regional sports networks under the Bally Sports brand, has been ordered by a bankruptcy judge to make full media rights payments to four Major League Baseball (MLB) teams. The company filed for bankruptcy in March, seeking to restructure its debt load and reset some of its media rights deals
Lululemon, a Canadian athletic apparel retailer, has reported its Q1 earnings, which surpassed Wall Street’s expectations. The company’s net income for the three-month period ending April 30 was $290.4 million or $2.28 per share, an increase from $190 million or $1.48 per share a year earlier. Sales rose 24% to $2 billion, up from $1.61