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Business news archive · December 2025

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Buffett Steps Down, Greg Abel Leads Berkshire Hathaway

Omaha, Neb. Greg Abel officially assumed operational leadership of Berkshire Hathaway as Warren Buffett stepped down as CEO this week after a 60-year tenure. Buffett announced his May 2025 decision and retained the chair…

Meta Acquires Manus To Expand Its AI Capabilities

Menlo Park, Calif. Meta Platforms announced that it acquired Singapore-based AI startup Manus, integrating a general-purpose AI agent and the team while Manus will continue to sell subscriptions from Singapore. Meta and …

ModivCare posts losses; Daily Journal posts profits

Denver, ModivCare Inc. reported a $73.1 million third-quarter loss and $679.7 million revenue on Monday, while earlier filings showed a $303.7 million second-quarter loss with $659.6 million revenue. Los Angeles-based Da…

SCNG Calls $12 Billion Farm Bailout Tariff Disaster

Los Angeles. The Southern California News Group published an editorial on Dec. 28 saying a $12 billion payout to farmers underscores failures of President Trump's tariff-driven trade policies. The editorial stated the ba…

Olema insiders sell millions amid analyst upgrades now

United States — Olema Pharmaceuticals executives sold shares between December 19 and December 23, 2025, according to Securities and Exchange Commission filings. Chief Medical Officer Naseem Zojwalla sold $7.5 million of …

U.S. State Farm Exports to China Fall Sharply

United States — State-level agricultural exports to China fell significantly this calendar year, local news outlets nationwide reporting declines derived from USDA trade data analyzed by Farm Flavor. Between 2025 and pri…

Washington Announces Trump-class Battleships and Hanwha Frigate Cooperation

Washington — President Donald Trump announced Monday that the U.S. Navy will begin construction of two 'Trump-class' warships and that South Korea's Hanwha will collaborate on new frigates. Trump described the ships as l…

Alphabet to Buy Intersect for $4.75 Billion Deal

Mountain View, Calif. Alphabet announced on Dec. 22 that it will acquire energy and data-center developer Intersect for $4.75 billion to secure power for artificial intelligence workloads. The company said it will allow …

Kansas Approval Clears Way For Chiefs Stadium Move

TOPEKA, Kan. Kansas lawmakers approved a STAR bonds package Monday and the Kansas City Chiefs announced an agreement to relocate to Kansas beginning in 2031. The Legislature authorized up to 70% of a proposed stadium’s c…

San Francisco blackout affects 130,000 amid holiday weekend

San Francisco, United States. A power outage on Saturday, Dec. 20 cut electricity to about 130,000 customers after a fire at a Pacific Gas and Electric substation, officials said. The outage hit northern neighbourhoods i…

White House Announces Largest Drug Pricing Deals Yet

WASHINGTON — The Trump administration announced agreements with nine drugmakers to lower U.S. prescription prices and expand domestic manufacturing. Companies pledged to cut Medicaid prices to levels paid in peer nations…

U.S. Companies Report Mixed Quarterly Financial Results

Eden Prairie, Minn. — Winnebago Industries reported fiscal first-quarter net income of $5.5 million and adjusted earnings of $0.38 per share, beating analyst estimates, and projected full-year earnings of $2.10–$2.80 per…

Multiple U.S. Cities Consider Or Pass Local Ordinances

Pendleton and U.S. municipalities enacted or considered ordinances addressing storefront vacancies, renewable-energy siting, wetland buffers, cryptocurrency kiosks, speed rules, and data-center zoning. Pendleton’s counci…

Companies announce listings, sale, grants, opening, fiscal change

United States — Companies announced capital moves, acquisitions, openings and filings. On Dec. 11, HIVE Digital Technologies listed on the Colombian Stock Exchange, expanding Latin American markets access. Luminar agreed…

TikTok Agrees Sale of U.S. Unit to Investors

San Francisco — TikTok signed binding agreements this week to transfer control of its U.S. operations to a new joint venture led by Oracle, Silver Lake and MGX, CEO Shou Zi Chew wrote in an internal memo and confirmation…

US Affirms India Strategic Partner Despite Pax Silica

Washington: Under Secretary of State Jacob Helberg said on Wednesday that India’s absence from the newly launched Pax Silica initiative did not result from tariff disputes or broader political tensions, and he called Ind…

Two Rail Unions Oppose $85B UP-NS Merger Plan

Omaha, Neb. — Two major rail unions representing over half of Union Pacific and Norfolk Southern workers announced Wednesday they oppose the proposed $85 billion merger, citing increased safety risks, potential job losse…

Law Firm Investigates Multiple Companies Over Alleged Misrepresentations

New York, United States. Kuehn Law, PLLC announced on Tuesday that it is investigating federal securities lawsuits alleging officers and directors at Freeport‑McMoRan, Firefly Aerospace, Stride and Primo Brands misrepres…

Corporate Financing, Governance Actions Announced Across U.S. Firms

United States, Corporations announced recent funding and governance updates. Trulieve closed a US$140 million private placement of 10.5% senior secured notes on Dec. 17, 2025. Beneficient appointed Peter T. Cangany Jr. a…

Warner Bros Discovery Rejects Paramount, Upholds Netflix Merger

LOS ANGELES — Warner Bros Discovery’s board on Wednesday rejected Paramount Skydance’s $108.4 billion hostile tender offer, saying the bid lacked adequate financing assurances and that claims it was backstopped by the El…

Salvation Army drives, donations, expansion across communities

United States. Local news outlets reported this week on Salvation Army fundraising, donations, and program developments across communities. Mayo Clinic pledged a $50,000 match in Rochester to support a $200,000 red-kettl…

Ford halts Lightning production, repurposes EV plants

Detroit — Ford announced this week it will stop producing the all‑electric F‑150 Lightning, take about a $19.5 billion charge, repurpose several EV facilities to produce gasoline trucks and battery energy storage, and la…

US Seizes Venezuelan Tanker, Exports Drop, Sanctions Tighten

Washington, U.S. forces seized a Venezuelan supertanker in early December, asserting the vessel carried sanctioned crude linked to an oil network supporting Hezbollah and Iran’s IRGC. Authorities unsealed a warrant signe…

Corporations Announce Buybacks, Acquisitions, Dividends, and Partnerships

United States — Corporations across sectors announced financial and strategic actions this week, including share repurchases, dividends, asset acquisitions, credit reaffirmations, and partnerships. On Dec. 15–16, Momentu…

New Jersey Declares Emergency Over Propane Supply Disruption

TRENTON, New Jersey. Governor Phil Murphy declared state of emergency this Thursday after a service interruption at a propane distribution facility in Marcus Hook, Pennsylvania disrupted deliveries and threatened winter …

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