Business

House Republicans have launched an investigation into CVS Caremark for potential antitrust violations.

CVS Health beats Q2 expectations after announcing 5,000 job cuts

Elon Musk’s X Corp. is suing a nonprofit that fights hate speech for asserting false claims and encouraging advertisers to stop investing.

Musk sues anti-hate speech nonprofit for alleged false claims, illegal site scraping

Hype is growing the Fed will achieve the rare soft landing, where it drives down inflation without triggering a recession. But is it too good to be true?

Beware consensus over Fed nailing soft landing, former Fed adviser says

Yellow Corp., which has been in business for nearly a century, halted operations and will lay off all 30,000 of its workers.

99-year-old trucking company Yellow shuts down, lays off 30,000

Well-known grocery chain Trader Joe's issued a few unusual recalls over rocks and insects in food items last week.

Trader Joe’s announces recalls over rocks, insects found in food

Ford Motor Company has announced a major recall of its top selling F-150 after 19 drivers reported their brakes activated while driving.

Ford recalls 870,000 F-150 trucks after reports brakes activated while driving

Trump donors have already spent $40 million on his legal fees. They have also donated millions to his campaign.

Trump team creating legal defense fund, reports say: The Rundown July 31

Internal Meta emails appear to show the Biden White House pressuring Facebook to censor some posts discussing COVID-19 vaccines and origins.

Internal Facebook emails show White House pushed to censor COVID posts

Former President Donald Trump faces additional charges in the classified document case.

Trump accused of attempting to have video deleted: The Rundown July 28

Straight Arrow News

5 things to know about WeChat, the super app Musk wants X to emulate

In an effort to compete with Tesla in the EV marketplace, a group of seven major automakers announced they are forming a new company.

Automakers form EV group; Tesla’s ‘Diversion Team’ revealed

Ozempic and Wegovy, drugs used to treat Type 2 diabetes, are now commonly accepted as weight loss drugs despite several investigations.

Weight loss drugs Ozempic, Wegovy subject of multiple investigations

North Korea gives Russia a tour of the North's weaponry that includes the country's banned ballistic missiles.

North Korea shows Russia its banned ballistic missiles: The Rundown July 27

UPS agreement with Teamsters sees major pay hike as labor unions notch another big win with threats of strikes.

In major UPS deal, labor unions continue win streak with strike threats

The threat of a UPS worker strike highlights how few players there are in the shipping industry. Four companies control 98% of the market.

UPS strike ‘catastrophe’ avoided but threat spotlights issues with US shipping

Federal judge blocks Biden administration policy on asylum seekers.

Judge blocks Biden administration asylum policy: The Rundown July 26

Whatever happened to that recession? Consumer confidence is soaring as the Fed prepares to hike its interest rate again.

Fed set to hike rate again as consumer confidence in economy hits 2-year high

The personal chef of former President Barack Obama drowned at Martha's Vineyard, police confirmed.

Obama’s personal chef drowns at Martha’s Vineyard: The Rundown July 25

As the actors and writers strikes continue, “Barbenheimer” scored blockbuster numbers at the box office, making history.

‘Barbie’ and ‘Oppenheimer’ break box office records amid Hollywood strike

X , the social media platform formerly known as Twitter, is making its own preparations ahead of the election cycle.

Elon Musk unveils Twitter logo redesign, with ‘X’ replacing blue bird

Russian authorities accused Ukraine of launching another drone attack on Moscow on Monday, July 24. This is the second attack in a month.

Russia accuses Ukraine of drone attack on Moscow: The Rundown July 24

Representatives from Amazon, Anthropic, Google, Inflection, Meta, Microsoft, and OpenAI met at the White House for an announcement about AI.

OpenAI, Amazon and other AI companies commit to responsible development

The long-awaited sale of the Washington Commanders was unanimously approved by NFL owners on Thursday, July 20.

NFL owners approve Commanders sale, Dan Snyder fined $60M

Tesla CEO Elon Musk is in a race to produce fully self-driving vehicles and he’s spending at least $1 billion to do it.

Tesla cuts EV prices, spends $1 billion on a supercomputer