Nexstar’s politically charged acquisition of a rival TV station owner, Tegna, has been halted by a federal judge in California. Friday’s court action throws Nexstar’s takeover plans into doubt and signifies a major victory for the Democratic state attorneys general who sued to block the deal last month. A leading satellite TV distributor, DirecTV, also…
Adam Feuerstein is a senior writer and biotech columnist, reporting on the crossroads of drug development, business, Wall Street, and biotechnology. He is also a co-host of the weekly biotech podcast The Readout Loud and author of the newsletter Adam’s Biotech Scorecard. You can reach Adam on Signal at stataf.54. Allison DeAngelis is the East…
Christopher Waller, governor of the US Federal Reserve, speaks during the C. Peter McColough Series on International Economics at the Council on Foreign Relations in New York, US, on Thursday, Oct. 16, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller on Friday said current economic conditions are complicating the approach…
At a trendy venue near the San Francisco pier, Sam Altman’s verification project World celebrated its next evolution and rapid expansion of its ambitions. And it’s starting with Tinder. Tools for Humanity (TFH), the company behind the World project, announced Friday plans to integrate its verification tech into dating apps, event and concert ticketing systems,…
(Updated with Nexstar statement) A federal judge just put a halt to Nexstar’s proposed $6.2 billion merger with Tegna, putting in doubt the combination of the companies to create a broadcast station giant – at least for now. With just a few hours to go on the current TRO, U.S. District Judge Troy Nunley on…
SAN FRANCISCO (KGO) — Philz Coffee is reversing course and adding Pride flags back to all of its locations, a little over a week after it decided it would pull them from stores to create “an inclusive experience.” PREVIOUS: Bay Area-based Philz Coffee to remove Pride flags, all other flags from its locations CEO Mahesh…
Log-in here if you’re already a subscriber Spirit Airlines has asked the Trump administration for hundreds of millions of dollars in emergency funding to offset skyrocketing fuel costs and stave off a possible liquidation, sources familiar with the discussions told The Air Current. Executives from several low-cost carriers are expected to meet with Transportation Secretary…
OpenAI is losing two of the architects of its most ambitious moonshots. Kevin Weil, who led the company’s science research initiative, and Bill Peebles, the researcher behind AI video tool Sora, both announced their departures on Friday. The exits come as OpenAI consolidates around enterprise AI and its forthcoming “superapp.” The departures follow OpenAI’s decision…
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First, we saw spikes in airfare and checked bag fees. Now, the global oil crisis is leading airlines to cut routes, and it has reportedly put one of America’s top budget airlines on the brink of shuttering operations. Meanwhile, in Europe, fears are growing that airports could quite literally run out of jet fuel to…
Uber launched a new feature on Friday that lets customers return purchased items without leaving their home. The new returns feature, which is accessed through the Uber Eats app, is the latest effort by Uber to add “stickiness” to its app by offering services that extend beyond its core ride-hailing and delivery businesses. There are…
Ford is recalling almost 1.4 million of its F-150 pickup trucks in the U.S. because of a gearshift issue that may lead to the loss of control of vehicles and increasing the risk of a crash. The automaker is aware of two injuries and one accident possibly related to the issue. The recall includes F-150…
Sam Altman’s iris-scanning, humanity-verifying World project announced at an event in San Francisco on Friday that Tinder users around the globe can now put a digital badge on their profiles signaling to potential suitors that they’re a real human, provided they’ve already stared into one of World’s glossy white Orbs and allowed their eyes to…
Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech The public outrage over the tech industry’s obsession with AI is starting to boil over — and the pitchforks are coming out. Most recently, a man allegedly lobbed a Molotov cocktail at OpenAI CEO Sam Altman’s house. Days earlier,…
Thank you, Joe, and thank you for the opportunity to speak to you today.1 My subject, as it often is, is the outlook for the U.S. economy and the implications for monetary policy. My last outlook speech was at the end of February, which, I have to say, now feels like it was a year…
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After a truly baffling decision by its CEO to demand the removal of Pride flags and other flags from all of its stores, Philz Coffee will go back to allowing the flags, and the CEO has issued an apology. As ABC 7 reports, one week after making the controversial decision to have flags removed from…
The owner of home shopping network pioneer QVC has filed for Chapter 11 bankruptcy protection. The filing by parent company QVC Group, which also owns HSN, formerly the Home Shopping Network, arrives as long-running TV shopping networks struggle to adapt to the rapid shift by consumers now tuning in to livestreams on TikTok, or online…
A UPS plane had to abort its landing after a Labcorp aircraft approached a runway at Kentucky’s Louisville International Airport, the site of a deadly cargo plane crash last year. A Labcorp plane was on the taxiway and told to hold short of runway 17 to allow a UPS plane to land. The Labcorp pilot…
Ford Motor Company is recalling nearly 1.4 million F-150 pickup trucks due to a gearshift issue that can increase the risk of a crash, according to a notice from the National Highway Traffic Safety Administration. Federal regulators said a loss in signal between the transmission range sensor and the powertrain control module transmission can cause…
Large trash bins will soon dot the curb across New York City, replacing piles of garbage bags that have blocked sidewalks for decades. Mayor Zohran Mamdani said Friday that the city will roll out the Spanish-made Empire Bins for the first time in the Bronx, Staten Island and Queens, and expand their use in Manhattan…
In this article NFLX WBD Follow your favorite stocksCREATE FREE ACCOUNT For years, Netflix top brass would tell investors they were builders not buyers. Now, that sentiment toward growth may be changing. On Thursday Netflix reported its quarterly earnings. Typically, Netflix’s earnings calls are focused on metrics like engagement, content spending, price hikes and membership….
Anthropic announced on Friday that it’s launching Claude Design, a new experimental product that lets users create visuals like prototypes, slides, one-pagers, and more using Claude. The company says Claude Design is intended to help people like founders and product managers without a design background share their ideas more easily. With Claude Design, users describe…
This article first appeared on GuruFocus. Netflix (NASDAQ:NFLX) shares fell sharply about 10% in premarket trading on Friday after co-founder and chairman Reed Hastings said he will leave the company’s board, raising questions about strategy at a time when the streaming group is looking for fresh growth. Hastings will not stand for re-election at the…
The filing comes as the American beef industry faces a supply crisis of historic proportions. OVERLAND PARK, Kansas — The owner of 801 Chophouse, a high-end steakhouse chain known for its Wagyu beef and triple-digit entrée prices, has filed for Chapter 11 bankruptcy protection, the latest casualty in a restaurant industry battered by surging beef…
WASHINGTON (AP) — As the United States was preparing a daring mission to rescue an airman whose fighter jet was shot down by Iran, there was money to be made. Users on Polymarket, the world’s largest prediction market, could place bets on when the airman would be rescued. When Rep. Seth Moulton, D-Mass., shared a…
Netflix shares plummeted more than nine percent Thursday as the TV streaming titan’s quarterly earnings failed to impress investors and co-founder Reed Hastings announced he is leaving. Hastings, who helped grow the revolutionary DVD-by-mail company into a global entertainment behemoth, will depart Netflix to “focus on his philanthropy and other pursuits” when his term as…
Anthropic CEO Dario Amodei visited the White House on Friday for a high-stakes meeting with the president’s top adviser, while his AI company battles the Trump administration in court for blacklisting its Claude AI model. Amodei met with White House Chief of Staff Susie Wiles, two sources familiar with the meeting told CNN. Axios first…
The German group also cited rising costs linked to recent strikes, which on Wednesday overshadowed the airline’s 100th anniversary celebrations. Legacy airline groups aren’t the only ones struggling with the impact of high fuel prices on their balance sheets. Budget airline easyJet said Thursday that its fuel costs had risen by almost €29 million in March alone,…
NEW YORK (AP) — Oil prices dropped back to where they were in the early days of the Iran war, and U.S. stocks raced to another record Friday after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude from the Persian Gulf to customers worldwide. The S&P 500 leaped 1.2%…
Airlines around the globe are in a tough spot right now, given the impact of high oil prices on airline economics. It’s arguably even worse in Europe (than the United States), where oil prices are even higher, and there’s also more of a risk of an imminent jet fuel shortage. In the case of Lufthansa,…
IEA Chief Says Oil, Gas Recovery Could Take Two Years After War Damage | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Apr 16, 2026, 4:30 PM CDT It could take up…
Kazuhiro Nogi | AFP | Getty Images Asia-Pacific markets mostly fell Friday, as cautious optimism over the Middle East conflict tempered sentiment, diverging from Wall Street’s record-setting rally. U.S. President Donald Trump on Friday said that the war in Iran “should be ending pretty soon,” reiterating rosy predictions about the end of the conflict. Hours earlier,…