Athletic Brewing Company, a leading nonalcoholic brewer, made headlines with the announcement of its latest equity financing round led by General Atlantic, which raised an additional $50 million. This significant investment is expected to fuel the expansion of production capacity and the introduction of new offerings to meet the growing demand for nonalcoholic beer among
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In a significant move, Paramount Global has finalized a merger deal with Skydance, marking the end of a prolonged negotiation process. This deal will result in the Redstone family relinquishing control of the renowned movie studio and media company. The merger received approval from Paramount’s special committee after an agreement was reached between Shari Redstone’s
The soaring demand for air travel this summer has not translated into record profits for U.S. airlines. This discrepancy is casting a shadow over the industry as carriers prepare to report their quarterly results. While some airlines are anticipating record demand and revenue, their profitability is being hampered by rising labor and operational costs. Despite
The semiconductor industry is currently facing a tight labor market, with intense competition for talent as funding from the CHIPS and Science Act continues to be distributed. This industry, which is deemed critical for the economy, is projected to face a shortage of around 67,000 technicians, computer scientists, and engineers by 2030. With the broader
The retail industry is constantly evolving, with traditional brick-and-mortar stores facing increasing challenges in the age of ecommerce. In a bold move to revamp the luxury retail sector, Saks Fifth Avenue parent HBC has announced the acquisition of Neiman Marcus Group in a groundbreaking $2.65 billion deal. The merger will bring together two iconic retailers,
Women’s soccer is undergoing a significant shift in ownership dynamics, as private equity investors are taking a more active role in the National Women’s Soccer League (NWSL). Unlike other major U.S. sports leagues, such as Major League Soccer and the National Basketball Association, which have only permitted passive, minority stakes for private equity investors, the
Bad weather can have a significant impact on flight operations, even when the skies above seem clear. Thunderstorms, in particular, can cause delays by disrupting air traffic control and forcing flights to take longer routes to avoid the storm. While larger weather systems like winter storms and hurricanes can be predicted in advance, thunderstorms can
General Motors recently announced their best quarterly sales in over three years, demonstrating a strong performance in the market. The Detroit automaker reported sales of 696,086 units for the second quarter of the year, marking an increase of 0.6% compared to the same period last year. This is the highest number of units sold since
Boeing’s recent announcement of its plan to buy back Spirit AeroSystems in an all-stock deal has raised eyebrows in the aviation industry. The aerospace giant stated that this acquisition would not only improve safety and quality control but also align production systems and workforces. However, many stakeholders have questioned the true motives behind this move
Disney and Pixar’s “Inside Out 2” has achieved a remarkable feat by joining the prestigious billion-dollar club. With a worldwide total of $1.014 billion, the animated sequel has become the highest-grossing film of 2024. Surpassing the $1 billion mark at the global box office, “Inside Out 2” has made history since Warner Bros.’ “Barbie” achieved