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The Legal Assault on Corporate Diversity Efforts Has Begun
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Elon Musk Calls Cybertruck Tesla's 'Best Product Ever.' Here Comes the Test.
The truck is expected to hit the market by the end of the year, two years behind schedule. Source link
Chinese Exports Fall at Steepest Pace Since February 2020
Slide in outbound shipments reflects China’s fraying trade ties with the Western world, even as exports to Russia boom. Source link
SoftBank Posts Another Loss Despite Tech-Share Rebound
A return to profit for SoftBank’s Vision Fund wasn’t able to stem the red ink for the investment company. Source link
Bacardi's Russia Business Grows as Other Booze Makers Leave Country
The owner of Grey Goose vodka and Bacardi rum is hiring staff and shipping millions of dollars of products to the market. Source link
Paramount to Sell Simon & Schuster to KKR for $1.62 Billion
The sale of the book publisher to the buyout firm comes less than a year after previous deal with Penguin Random House was blocked. Source
Anheuser-Busch Selling Shock Top, Blue Point to Cannabis Company Tilray
The Bud Light owner is selling eight beer and beverage brands for an undisclosed amount. Source link
Court Freezes Relief for Defrauded Student Borrowers
An appeals court froze a program that allows students who are victims of schools’ fraudulent behavior to have their federal debt canceled in full. Source
Campbell's Sauce Upgrade Looks to Be Worth the Cost
The food company’s acquisition of Sovos, maker of the premium Rao’s tomato sauce, isn’t cheap. But it makes good strategic sense. Source link
How Yellow's Downfall Is Rippling Through the Economy
The trucker’s competitors are reaping a windfall of business, while customers face rising shipping costs. Source link