Trump, Starmer Sign Partial UK-US Trade Deal

 

US President Donald Trump and UK Prime Minister Keir Starmer signed a trade deal at the G7 summit, reducing tariffs on UK auto and aerospace imports. While the agreement slashes tariffs on British cars and aerospace, negotiations continue regarding steel tariffs, currently set at 25% for the UK. ...

At Home Files for Bankruptcy Amidst Retail Downturn

 

Home decor retailer At Home, with over 200 US locations, filed for Chapter 11 bankruptcy Monday. The restructuring aims to eliminate $2 billion in debt and secure $200 million in capital. The company, owned by Hellman & Friedman, cited rising tariffs and a slowdown in consumer demand for...

Sackler Family, Purdue Pharma Settle Opioid Crisis for $7.4 Billion

 

A $7.4 billion settlement has been reached in the opioid crisis litigation against Purdue Pharma and the Sackler family. The agreement, signed by all 50 states and four U.S. territories, resolves lawsuits alleging the company's aggressive marketing of OxyContin fueled addiction and overdose deaths. The settlement ends Sackler...

Trump Family Launches New Wireless Service

 

The Trump Organization launched Trump Mobile, a 5G wireless service offering an unlimited plan for $47.45 monthly. Donald Trump Jr. and Eric Trump announced the MVNO, utilizing major US carriers. The service includes a new phone, the T1, and various additional benefits like roadside assistance and telehealth. ...

Trump Launches Mobile Phone Plan and Smartphone

 

The Trump Organization launched "Trump Mobile," a new mobile phone plan and a $499 smartphone. The plan, called "The 47 Plan," costs $47.45 monthly and includes unlimited talk, text, data, roadside assistance, and telehealth benefits. The "T1" smartphone features a gold case with an American flag. This venture...

Trump's Golden Share: Unprecedented Control Over U.S. Steel

 

President Trump secured a "golden share" in U.S. Steel as part of a deal allowing Nippon Steel's investment. This grants Trump significant control, including veto power over major decisions like relocation, job transfers, and investment reductions. The deal, valued at over $28 billion, includes new investments and a modern...

Estee Lauder's Son, Leonard, Dies at 92

 

Leonard Lauder, son of Estee Lauder and former CEO of the cosmetics giant, passed away at age 92. Lauder, a key figure in expanding the family business globally, joined in 1958 and led its transformation from a small firm to a multinational corporation with $15.6 billion in annual sales....

Tesla's Survival Hinges on EV Tax Credits

 

Elon Musk is fighting to keep federal tax incentives for electric vehicles (EVs). President Trump's proposed bill would eliminate these incentives, potentially harming Tesla's sales. Tesla, however, possesses substantial cash reserves and positive profit margins, making it better positioned than smaller competitors to weather this potential change. While...

Starbucks CEO Revives Culture, Boosts Employee Morale

 

Starbucks CEO Brian Niccol is implementing a turnaround strategy focused on improving employee morale and customer experience. This includes adding seating to cafes, increasing internal promotions (aiming for 90% of store managers from within), and improving the mobile app. A new coffee, the 1971 Roast, and a three-day...

Trump's Crypto Venture Nets $57 Million in 2024

 

Donald Trump's 2024 financial disclosure reveals over $57 million in income from his cryptocurrency venture, World Liberty Financial (WLF), controlled by his sons and Barron Trump. WLF's USD1 stablecoin launch coincides with Senate consideration of the GENIUS Act, raising concerns about potential conflicts of interest. Other significant income...