California probes ‘pharmacy deserts’ in Kroger’s Albertsons deal-sources
(Reuters) – The California attorney general’s office is probing whether Kroger (NYSE:KR)’s $24.6 billion plan to buy rival grocer Albertsons…
Australian wine industry faces hangover from China’s high tariffs
(Reuters) – Australia’s wine industry faces severe oversupply problems that will need years to resolve, experts say, pointing to Chinese…
Farfetch shares crash 40% on Q2 revenue miss & disappointing guidance; analysts cut rating
Farfetch Limited (NYSE:FTCH) shares plummeted more than 39.5% in pre-open Friday after the company delivered weaker-than-expected guidance. Revenue of $579.35…
Instacart preparing to go public in September – Bloomberg
Instacart Inc., the largest online grocery-delivery company in the United States, is reportedly gearing up for an initial public offering…
Air travel boom creates crosswinds for air cargo
(Reuters) – Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from…
Pfizer’s updated COVID shot effective against ‘Eris’ variant in mice study
(Reuters) – Pfizer Inc (NYSE:PFE) said on Thursday its updated COVID-19 shot, which is being tested against emerging variants, showed…
Take Five: Summer at Jackson Hole
(Reuters) – It’s summer camp season and not to be left out, U.S. rate setters and overseas pals gather in…
Striking writers take antitrust aim at Disney, Amazon, Netflix
(Reuters) – The striking Writers Guild of America (WGA) on Thursday urged federal regulators to increase their oversight of the…
From Mad Men to machines? Big advertisers shift to AI
(Reuters) – Some of the world’s biggest advertisers, from food giant Nestle (SIX:NESN) to consumer goods multinational Unilever (LON:ULVR), are…
Microsoft to shut Xbox 360’s online store next year
(Reuters) – Microsoft (NASDAQ:MSFT) said on Thursday it would pull the plug on Xbox 360’s online store and marketplace next…