Business

SpaceX says its Starship, the world’s largest rocket, exploded Thursday, Jan. 16, shortly after taking off from Texas for its seventh launch.

SpaceX Starship explodes over Caribbean Sea minutes after launch

Sen. Ted Cruz introduced a bill Thursday that would make President-elect Donald Trump’s no-tax-on-tips campaign promise a reality.

Ted Cruz introduces ‘No Tax on Tips’ bill echoing Trump campaign promise

With Russia’s economy teetering and its invasion of Ukraine nearing the three-year mark, China is capitalizing.

China to buy Russian coal mine as it invests in country’s weak economy

FDA approves sale of ZYN nicotine pouches, citing lower health risks than cigarettes

FDA allows sale of ZYN nicotine pouches, cites lower risks than cigarettes

The FTC sued John Deere over the right to repair, claiming the company reaps profits by pushing farmers to authorized dealers.

John Deere blames politics for FTC lawsuit on farmers’ right to repair

The auto industry is bracing for Monday when President-elect Donald Trump is sworn in and implements tariffs on Canada and Mexico.

How Trump’s tariffs on day one might impact car prices and auto industry

The company behind efforts to bring back the woolly mammoth from extinction is now reportedly valued at $10.2 billion.

Colossal Biosciences rakes in $200M as it attempts to resurrect woolly mammoth

Canada is considering its own tariffs on U.S. goods in response to President-elect Donald Trump's tariff threat.

Canada weighs own tariffs, oil export limits to US in response to Trump threat

President-elect Donald Trump is weighing action to delay TikTok’s looming ban as the app’s deadline to sell its U.S. operations approaches. Congress passed a law last year requiring TikTok’s Chinese parent company, ByteDance, to divest its American assets, citing national security concerns. The ban is reportedly set to take effect Sunday Jan. 19, unless action is taken.

Trump eyes executive order to save TikTok as ban nears: Reports

British Petroleum, the U.K.-based oil and gasoline company commonly known as BP, is cutting nearly 5,000 jobs across the globe.

BP to slash thousands of jobs in cost-cutting move

Thursday, Jan. 16, saw a big win for billionaire Jeff Bezos’ space company, Blue Origin, as its New Glenn rocket blasted off into orbit. The company’s first rocket, powerful enough to launch satellites into space, took off just after 2 a.m. ET from Cape Canaveral Space Force Station in Florida. All seven of its engines fired successfully.

Blue Origin’s New Glenn rocket lifts off on first space flight

The decision affects policies for homeowners, renters and condo associations, including most policies it has in Pacific Palisades.

State Farm offers renewals for people affected by LA fires it planned to drop

Staff members at The Washington Post are calling on owner Jeff Bezos to meet with them in person amid growing employee concerns.

Washington Post staff send Jeff Bezos letter requesting meeting amid woes

FDA bans Red No. 3 in food and drinks by 2027 due to potential cancer risk

FDA bans Red No. 3 in food and drinks due to potential cancer risk

Walgreens CEO acknowledged this week that the company's added security have had a negative impact on the pharmacy giant's sales.

Walgreens CEO says locking up popular items hurts more than it helps

More than a dozen attorney generals across the U.S. signed a letter to Walmart CEO Doug McMillon, urging the company to restore DEI programs.

Several attorneys general urge Walmart to reconsider DEI rollbacks

The three biggest pharmacy benefit managers marked up "lifesaving" medications to generate $7.3 billion in five years, according to the FTC.

‘Big 3’ pharmacy benefit managers marked up drugs by $7.3B: FTC

Inflation continued in the wrong direction in December. Consumer prices rose 2.9% on the year, the third straight month of rising inflation.

Inflation rises 2.9% in 2024 as consumer prices heat up heading into 2025

CFPB sues Capital One for allegedly misleading consumers, cheating them out of $2 billion on high-interest savings accounts.

US watchdog sues Capital One, alleges bank cheated customers out of $2B

Impeached South Korean President Yoon Suk Yeol has been arrested for questioning.

South Korean president reacts to arrest after massive police operation

The SEC has filed a lawsuit against Elon Musk, alleging he failed to timely disclose his 5% stake in Twitter in 2022.

SEC sues Elon Musk over Twitter stake disclosure, says shareholders lost $150M

Inspection reports show unsanitary conditions at several of Boar's Head factories across the U.S. The USDA found mold, insects and blood.

Boar’s Head factories in violation for ‘mold, insects, blood’: USDA

Texas AG Ken Paxton is suing Allstate for allegedly collecting data from 45 million Americans to raise insurance premiums.

Texas AG sues Allstate, Arity for alleged unlawful data collection

The three wealthiest men in the world, Elon Musk, Jeff Bezos and Mark Zuckerberg, will be at President-elect Donald Trump's inauguration.

Musk, Bezos and Zuckerberg to attend Trump inauguration

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