A recent fire involving a Ford F-150 Lightning has reignited concerns about electric vehicle (EV) fires. Video footage, obtained through Michigan’s Freedom of Information Act from the Dearborn Police Department, shows smoke billowing from three tightly packed electric pickups, moments before flames shoot several feet above the unoccupied vehicles. Experts warn that EV fires can
Ten years ago, Ted Sarandos, now co-CEO of Netflix, expressed his desire to surpass HBO. However, today, the focus of both companies is to avoid becoming too similar to each other. Recently, Warner Bros. Discovery decided to remove HBO from the name of its streaming service, Max, to safeguard the prestige of the HBO brand
Walmart has sold Eloquii, an online apparel brand, to FullBeauty Brands, making it the third direct-to-consumer brand the retailer has divested this year. In February, Walmart sold Moosejaw to Dick’s Sporting Goods, and earlier this month, it sold Bonobos to WHP Global and Express. These divestitures represent a reversal of the 2017-18 strategy led by
Procter & Gamble, the parent company of popular household brands such as Tide, Charmin, and Febreze, has reported quarterly earnings and revenue that exceeded analysts’ expectations. The company’s higher prices have helped offset the lower demand for its products, especially in Europe. Despite a decline in volume, the company has raised its forecast for organic
Sources with knowledge of the matter report that Disney is increasing its lobbying efforts in the Republican-controlled state Legislature of Florida to prevent the passage of bills that could negatively impact the company. Although a Disney spokesman refused to comment, insiders claim that lobbyists have been asked to pay closer attention to land use-related bills
The U.S. Department of Justice (DOJ) has charged 18 individuals, including some doctors, for their involvement in COVID-19 healthcare fraud schemes that resulted in hundreds of millions of dollars in false billings and theft from federally funded programs. These charges span nine federal judicial districts and are considered the largest coordinated law enforcement action in
On Thursday, two senators, Joni Ernst, a GOP Senator from Iowa, and Maggie Hassan, a Democratic Senator from New Hampshire, announced that they would reintroduce a bipartisan bill allowing the U.S. Mint to modify the metal content of coins. The goal of the bill is to cut the increasing cost of producing America’s quarters, dimes,
Donald Trump’s lawyer, Joe Tacopina, has told a federal judge that the former president has yet to decide if he will attend his upcoming rape defamation trial. Trump is facing accusations from writer E. Jean Carroll that he raped her in a department store in the 1990s and then defamed her when she went public
Johnson & Johnson’s subsidiary, LTL Management, filed for Chapter 11 bankruptcy protection in 2021 to carry its talc-related liabilities. This move was a part of J&J’s second attempt to settle thousands of talc-related lawsuits. On Thursday, Judge Michael Kaplan temporarily halted approximately 40,000 of these lawsuits, which claim that J&J’s baby powder and other talc
The Financial Stability Oversight Council (FSOC), the Treasury Department’s risk oversight arm, has proposed a new framework to identify issues in the US financial system. This measure comes after the collapse of Silicon Valley Bank (SVB) and Signature Bank, which prompted efforts to prevent further damage to the economy. The framework has been approved by