Wojcicki's Nonprofit Acquires Bankrupt 23andMe

 

Anne Wojcicki's nonprofit, TTAM Research Institute, will acquire the bankrupt genetic testing company 23andMe for $305 million, outbidding Regeneron Pharmaceuticals. The acquisition, which includes 23andMe's assets and customer data, follows 23andMe's Chapter 11 bankruptcy filing in March, marked by staff cuts and the resignation of its board. TTAM...

Safeway/Albertsons Workers Strike in Colorado

 

Safeway and Albertsons workers in four Colorado cities initiated a strike Sunday after nine months of unsuccessful contract negotiations. The United Food and Commercial Workers Local 7 cited unfair labor practices, including bad-faith bargaining and worker intimidation, as reasons for the walkout. The strike, impacting stores in Estes...

Trump's Financial Disclosure Reveals Massive Income Streams

 

President Trump's 234-page 2025 financial disclosure reveals significant income from various sources. $57 million came from his stake in World Liberty Financial, a cryptocurrency platform. He also earned millions from royalties on merchandise bearing his name, including books, sneakers, fragrances, and watches. The filing also lists liabilities,...

Oracle Names Two New Presidents in Succession Plan

 

Oracle appointed two new presidents, Clay Magouyrk (cloud boss) and Michael Sicilia (head of industries), as revealed in SEC filings. This move is seen as part of a succession plan for Oracle's executive chairman and CTO, Larry Ellison, who isn't currently stepping down. The two-president structure has been used...

US Steel Acquisition Allowed Under National Security Agreement

 

President Trump issued a new order regarding the proposed acquisition of United States Steel Corporation by Nippon Steel Corporation. Initially blocking the deal due to national security concerns, the President now allows the acquisition under specific conditions. These conditions involve a national security agreement (NSA) with the Department...

JBS Shares Fall on NYSE Debut Amid Controversy

 

JBS, a Brazilian meat giant, saw its shares fall 3.9% on their New York Stock Exchange debut despite a long-held goal of trading in the US market. The dual listing, approved by minority shareholders despite opposition from environmental groups and lawmakers citing corruption and environmental concerns, aims to broaden...

Farm Raids Threaten US Food Supply

 

Large-scale immigration raids on California farms are causing labor shortages and threatening the nation's food supply. Dozens of farmworkers have been arrested in Ventura County, leading to a 25-45% decrease in worker attendance, according to the Ventura County Farm Bureau. This impacts the harvesting and packing of produce,...

Anker Recalls PowerCore 10000 Power Bank Due to Fire Hazard

 

Anker has recalled 1.16 million PowerCore 10000 power banks (model A1263) due to fire and burn hazards from overheating batteries. Nineteen incidents, including minor burns and property damage exceeding $60,700, prompted the recall. Consumers are urged to immediately stop using affected units and contact Anker for a free...

Airline Stocks Plummet Amidst Middle East Conflict

 

European airline stocks are plummeting due to the escalating Israel-Iran conflict and the recent Air India crash. Wizz Air, suspending flights to and from Tel Aviv and rerouting others, saw a 4.8% share drop. Other airlines like Norse Atlantic, IAG (British Airways' parent), and Finnair also experienced significant...

Iran Strike Sends US Stock Futures Plunging

 

US stock futures plunged Thursday night following Israel's airstrike on Iran. The Dow futures dropped nearly 1.4%, S&P 500 and Nasdaq 100 futures each fell 1.6%. This occurred despite positive US economic data, including a cooler-than-expected producer price index and consumer inflation reports. Oil prices surged over...