Federal authorities have charged Fat Brands and its chair, Andy Wiederhorn, with orchestrating a fraudulent scheme involving $47 million in sham loans. This news led to a significant drop in the company’s stock, which closed down 27% on Friday and left the…
Arup, the renowned British engineering giant responsible for iconic structures like the Sydney Opera House and Beijing’s Bird’s Nest stadium, has fallen prey to a sophisticated deepfake scam, resulting in a staggering loss of $25 million. The incident, which unfolded in Hong…
In a significant move that could redefine user interaction with technology, Google showcased a series of innovations at the annual Google I/O developer conference, emphasizing the role of artificial intelligence in enhancing its widely-used products. The conference illuminated Google’s strategic direction, focusing…
In a significant move for the biotech industry, Novavax announced a transformative agreement with French pharmaceutical giant Sanofi. The deal, set to commence next year, involves the co-commercialization of Novavax’s Covid vaccine and the development of new combination vaccines targeting both the…
Massachusetts is gearing up for a legal showdown as ride-share giants Uber and Lyft head to trial over the contentious issue of worker classification. At the heart of the matter lies the question: are drivers for these companies independent contractors or should…
The electric vehicle (EV) industry, once buoyed by abundant capital and enthusiastic investment, is now facing stringent market conditions. Companies like Rivian, Lucid, and Nikola, previously thriving under favorable circumstances, are now undertaking rigorous cost-cutting measures and strategizing to reassure investors of…
The modern workplace is undergoing a profound transformation, with the rise of hybrid work arrangements presenting both opportunities and challenges for employers and employees alike. Despite efforts to strike a balance between remote and office-based work, technology remains a significant hurdle, hindering…
The entertainment industry’s transformation is palpable as Disney approaches a pivotal moment in its business model transition from traditional cable TV to streaming platforms. After five years of strategic development and investment, Disney’s streaming services—Disney+, Hulu, and ESPN+—are on the brink of…
Nintendo has officially announced plans to unveil the successor to its wildly successful Switch console by March 2025. Shuntaro Furukawa, the company’s president, confirmed the upcoming announcement, which is set to occur within the current fiscal year. This revelation comes nearly nine…
In light of Starbucks’ recent disappointing quarterly report, former CEO Howard Schultz has voiced his perspective on the necessary steps for recovery. Schultz, who played a pivotal role in transforming Starbucks into a global coffee powerhouse, emphasized the need for a significant…