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Nikola CEO Michael Lohscheller Steps Down
Michael Lohscheller has stepped down due to a family health matter, and Chairman Steve Girsky has taken over as CEO of the electric-vehicle maker. Source
U.S. Cellular Owner Explores Sale
The regional wireless carrier’s controlling shareholder says it is exploring strategic options for a business left behind by telecom’s consolidation wave. Source link
Disney's ESPN Plots Its Streaming Future, Seeking Tie-Ups With Leagues and Rivals
ESPN’s talks with potential strategic partners are touching on several roles the sports-TV giant could play in the streaming world, including as a major broadcaster
American Travelers Are Shunning U.S. for Europe
Domestic ticket fares are falling as travelers favor longer trips abroad. Source link
Private-Equity Firm KKR in Advanced Talks to Buy Simon & Schuster for Roughly $1.65 Billion
Book publisher was put up for sale for the second time after a judge blocked a previous deal with Penguin Random House. Source link
UAW Demands 40% Pay Hike in Labor Talks With Detroit Automakers
The United Auto Workers union is pressing for the substantial wage increase for factory workers at GM, Ford and Stellantis. Source link
Amazon Delivers Surprisingly Strong Profit
The earnings report shows strong growth in consumer e-commerce, balancing out a continued slowdown in cloud-computing sales. Source link
Exceptions Allowing Some Movie Sets to Work Test Solidarity in Hollywood
As strike continues, some call agreements for independent films scabbing, while others say the deals are a fair way to keep the cameras rolling. Source
Warner Bros. Discovery Revenue Falls
The company’s streaming segment shed subscribers in the second quarter after the launch of its new service, Max. Source link
Apple Sees Third Straight Quarter of Falling Sales, Longest Slump Since 2016
Sales of iPhones missed analyst estimates, but revenue in the company services unit reached a record high. Source link