The recent revelation by Gilead Sciences of a dangerous drug-counterfeiting operation has sent shockwaves through the pharmaceutical industry. The scheme, allegedly orchestrated by Peter Khaim, a notorious medical fraudster, involved tampering with HIV medications produced by Gilead and then improperly reselling them to unsuspecting patients. This discovery has raised serious concerns about the safety and
Business
As incoming CEO Brian Niccol prepares to take the reins at Starbucks, one of the core issues he will need to address is the problem of operational inefficiencies plaguing the coffee giant. The mobile ordering system, which accounts for roughly one-third of Starbucks’ total sales, has created a bottleneck that is frustrating both customers and
SpaceX is gearing up for its next private mission scheduled to launch at the end of the month. The Polaris Dawn mission, the first of three missions purchased by billionaire Jared Isaacman for his Polaris Program, is set to take off from Florida on August 26. This mission marks the first attempt to have astronauts
Byron Allen, the media mogul known for his interest in acquiring media assets for billions of dollars, is facing backlash due to consistently late payments from broadcast stations owned by Allen Media Group. These payments, totaling tens of millions of dollars throughout the year, have been as much as 90 days past due to networks
A U.S. judge has temporarily halted media giants Disney, Warner Bros. Discovery, and Fox from launching their anticipated sports streaming service, Venu. The injunction came as a response to a lawsuit filed by Fubo TV, the internet TV bundle, alleging anticompetitive practices by the new streaming service, which was set to launch just weeks before
The collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy in the film “Deadpool & Wolverine” has broken records and set a new standard in the world of cinema. Surpassing Warner Bros.’ “Joker,” the Disney and Marvel film has become the highest-grossing R-rated title of all time. With over $1.085 billion in global ticket sales,
United Auto Workers President Shawn Fain recently released a video where he criticized Stellantis CEO Carlos Tavares, accusing him of price gouging consumers and failing to uphold parts of the union’s labor contract with the automaker. Fain’s comments in the video raised concerns about sales being down, profits decreasing, and CEO pay increasing significantly. He
Walmart, as the nation’s largest retailer, is set to report its quarterly earnings on Thursday, providing crucial insights into the state of the American economy. With analysts estimating earnings per share to be 65 cents and revenue at $168.53 billion, investors are eagerly awaiting the results to gauge consumer spending behavior and economic outlook. In
Starbucks has gone to great lengths to entice Brian Niccol to take on the role of CEO and Chair, offering him a substantial pay increase and hefty one-time rewards to leave his position as the chief executive of Chipotle Mexican Grill. Niccol is set to start his new role at Starbucks on September 9th, facing
Alaska Airlines flight attendants recently made headlines by rejecting a new labor deal that would have brought immediate raises averaging more than 24%. The union representing the flight attendants stated that despite a tentative agreement reached in June, there is still more work to be done. The rejection of the deal has set the stage