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Heineken Sells Russia Business…for $1
The deal with Russia’s Arnest Group comes after Moscow seized the local assets of Danish beer rival Carlsberg. Source link
Wagers on the Weather? Insurers Offer a Way for Businesses to Hedge Climate Risks
Parametric insurance, which lets businesses tie their policies directly to weather conditions such as wind speed and flood depth, has garnered interest amid tough conditions
A Startup in the New Jersey Suburbs Is Battling the Giants of Silicon Valley
It’s not just Nvidia. There is another big winner of the AI boom—and it’s now competing with some of the world’s most valuable companies. Source
Dick's Sporting Goods Blames Theft for Profit Woes
The retailer’s second-quarter earnings fell short of expectations and it incurred a fresh round of severance expenses from recent job cuts. Source link
UPS, Teamsters Await Vote on New Labor Pact
If the deal between UPS and Teamsters leaders is rejected, the sides are likely to go back to the bargaining table , though it also
Teva Agrees to Pay $225 Million to Settle U.S. Price-Fixing Charges
The generic drugmaker’s U.S. unit also must sell the drug line for cholesterol treatment pravastatin. Source link
Tucker Carlson's Trump Interview Showcases Potential of Tie-Up With Elon Musk's X
The former Fox News host plans to stream pretaped conversation with the former president on X during Wednesday’s Republican presidential debate. Source link
SoftBank Chip Unit Arm Files for IPO Likely to Be 2023's Biggest
Arm raised lofty expectations for its business overall but faces near-term market challenges. Source link
Deal on China Flights Signals U.S. Airlines' Stronger Hand
Both sides stay civil even as the Biden administration’s go-slow policy frustrates Beijing’s hopes of a faster aviation-market reopening. Source link
How Hard Should the Fed Squeeze to Reach 2% Inflation?
The strategy the central bank adopts to fight the last mile of inflation has big, potentially painful implications for consumers, the markets and the economy.