Government shutdown fuels rising flight cancellations

 

Air travelers faced modest hassles on day two of shutdown-driven cancellations, with about 5 percent of U.S. flights scrubbed Saturday, hitting regional carriers hardest. The FAA ordered deeper schedule cuts as unpaid air traffic controllers strain, and Transportation Secretary Sean Duffy warned that one in five flights could be canceled...

Justice Department Probes Meatpackers Over Price Fixing

 

The Justice Department is conducting an antitrust investigation into major meatpackers, a move the White House requested after President Trump’s post accusing them of inflating prices and endangering the food supply. A news release named JBS, Cargill, Tyson Foods and National Beef, which together slaughter 85 percent of the country’s...

Google and Disney negotiate over ESPN ABC access

 

With YouTube TV subscribers still unable to watch football on ESPN or ABC, Google and Disney are negotiating today, according to The Athletic's Andrew Marchand. The impasse, now eight days old, has left customers without the channels they were charged for, and the piece faults ESPN's PR tactics while noting...

Rivian approves CEO performance based pay package

 

Rivian scrapped CEO RJ Scaringe’s 2021 pay plan and approved a performance-heavy package, lifting salary to $2 million and granting options for up to 36.5 million shares, an SEC filing shows. Worth up to $4.6 billion if the stock hits $140 (vs $15.23 Friday), the award vests in price, profit,...

Early Apple Black Friday deals hit record lows

 

With Black Friday set for Friday, November 28, 2025, MacRumors is tracking early discounts, largely on Amazon, with some of the lowest prices to date on Apple gear. Notable deals include an AirTag 4-Pack for $64.99, Apple Watch Ultra 3 $99 off, Apple Watch SE 3 from $199.99, the 13-inch...

Airlines face deeper cuts amid shutdown

 

With the shutdown now the longest in U.S. history, the Trump administration ordered airlines to begin cutting flights at 40 busy airports, citing strain on pilots and air traffic controllers. Senate Republicans rejected a Democrat proposal to reopen the government, as unpaid controllers and screeners face a second missed paycheck....

Pfizer to acquire Metsera after bidding war

 

Metsera said Friday it agreed to be acquired by Pfizer after a bidding war with Novo Nordisk, at up to $86.25 a share, slightly above Novo’s latest offer valuing Metsera around $10 billion. The move advances Pfizer’s push into weight-loss medicines, though Metsera’s drugs remain in trials. The price is...

Paulo Costa named youngest Goldman managing director

 

Cheers swept Goldman Sachs’ London floor as Paulo Costa, 29, learned he’d been promoted to managing director — the youngest in this year’s 638-person class. An executive director overseeing dividend trading across EMEA, Costa’s rise follows a strong quarter for the equities division, with revenue up 7% year over year...

UPS and FedEx ground MD 11 fleets

 

UPS and FedEx grounded their MD-11 fleets late Friday, citing a manufacturer recommendation and safety concerns days after a UPS MD-11 crashed in Louisville, Kentucky. The accident occurred just after takeoff from Muhammad Ali International Airport, killing all three pilots and 11 people on the ground; investigators said the left...

Rivian grants Scaringe new stock award

 

Rivian awarded CEO RJ Scaringe a new performance-based stock grant worth around $5 billion if targets are met, while doubling his salary to $2 million and giving him a 10% stake in spinout Mind Robotics, a filing shows. The board canceled Scaringe’s hard-to-reach 2021 award and replaced it under the...