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Corporate/Industrial News
U.S. Oil Boom Blunts OPEC's Pricing Power
U.S. petroleum production is on pace for a record-breaking year, helping to keep energy prices stable despite the efforts of Saudi Arabia and other major
Elon Musk's SpaceX Now Has a 'De Facto' Monopoly on Rocket Launches
The company’s rockets are ferrying astronauts, launching satellites and dominating any competition. Source link
MillerKnoll CEO Sparks Viral Outrage After Telling Staff to ‘Leave Pity City’
Share Listen (1 min) Source link
Stocks Withstand Earnings-Day Declines From Goldman Sachs, Johnson & Johnson
Bank of America was among the other big companies reporting Tuesday. Source link
Netflix Gains 1.75 Million Subscribers, Axes DVD-Rental Business
The streaming service ended the first quarter with 232.5 million customers and said a password-sharing crackdown in the U.S. would be coming soon. Source link
Kidney-Care Specialist Diaverum Expected to Be Sold in $2 Billion Deal
Mubadala-backed M42 would buy the operator of 440 dialysis clinics from buyout firm Bridgepoint. Source link
Southwest Airlines Delays Thousands of Flights Amid Technology Issue
The airline resumed departures after a data-connection problem earlier Tuesday led to a pause. Source link
Lockheed Martin Wrestles With Supply-Chain Issues to Arm Ukraine
Sales of the defense company’s long-range missiles known as the Guided Multiple Launch Rocket System fell in the latest quarter from a year ago. Source
Netflix Freeloaders Really Have to Kick In Now
The delayed launch of paid sharing has pushed expected benefits to the latter half of the year. Source link
Republicans Pummel SEC's Gensler Over Crypto Crackdown
The agency’s chair says he has never seen an industry “so noncompliant with laws.” Source link