Amidst increasing interest from the Department of Defense, the Pentagon has confirmed its first contract with Elon Musk’s SpaceX, granting them the exclusive rights to develop the Starshield network. This military-specific version of SpaceX’s popular Starlink satellite internet system is set to revolutionize national security measures. With a maximum value of $70 million, the one-year
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The ongoing strikes by United Auto Workers (UAW) against General Motors, Ford Motor, and Stellantis have caught the attention of presidential candidates as they vie for the support of blue-collar voters in Michigan. President Joe Biden and former President Donald Trump have both made appearances in the state this week, hoping to win over the
After months of negotiations, the Writers Guild of America (WGA) and the Alliance of Motion Picture and Television Producers (AMPTP) have reached a preliminary labor agreement, potentially bringing an end to the ongoing writers strike in Hollywood. The WGA and AMPTP are currently finalizing the contract language, and both sides are optimistic about the deal.
McDonald’s, the global fast-food giant, recently announced a significant change in its royalty fees for franchisees. Starting January 1st, the fees will increase from 4% to 5%, marking the first adjustment in nearly three decades. This change will not affect existing franchisees who are maintaining their current footprint or acquiring a franchised location from another
Saudi Crown Prince Mohammed bin Salman has openly embraced accusations of “sportswashing” as a means to rehabilitate Saudi Arabia’s image on the global stage. In a recent interview with Fox News, the crown prince expressed his willingness to continue using sportswashing tactics if it meant boosting the country’s GDP by 1% or more. Despite criticism
The release of the latest round of Covid vaccines in the United States has encountered significant obstacles as patients report delays in health insurance coverage for the shots. This development has thrown a wrench into the vaccination rollout, causing confusion amongst insured patients and raising questions about the accessibility of the vaccines. Despite assurances from
Rocket Lab, the second-most active U.S. rocket company behind SpaceX, experienced a major setback with its 41st Electron rocket launch. The mission, carrying the Acadia 2 satellite for Capella Space, failed around 2 minutes and 30 seconds into the flight. This article examines the impact of the launch failure on Rocket Lab’s stock and future
In a groundbreaking move that signals the beginning of the generative AI era on Wall Street, Morgan Stanley has officially unveiled its highly-anticipated assistant powered by OpenAI’s latest generative AI software. The bank is set to announce that the assistant, called the AI @ Morgan Stanley Assistant, is now “fully live” for all financial advisors
Disney, a renowned entertainment giant, is considering selling ABC and its owned affiliates, linear cable networks, and a minority stake in ESPN. Unlike most sellers motivated by financial gains, Disney’s primary drive is to reposition itself as a modern media company and signal to investors that the time for traditional TV is over. With a
In a historic move, the United Auto Workers (UAW) labor union has initiated targeted strikes against the three major Detroit automakers. The strikes, which began early Friday morning, have impacted three key plants responsible for manufacturing popular vehicle models such as the Ford Bronco, Chevrolet Colorado, and Jeep Wrangler. This simultaneous action against all three