Franchise News
OceanGate Co-Founder Set to Testify in Coast Guard Investigation of Titanic Submarine Disaster
Guillermo Sohnlein, co-founder of OceanGate, is set to testify before the US Coast Guard as part of its investigation into the June 2023 implosion of the company's Titan submersible.
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Nike Welcomes Back Elliott Hill as CEO as John Donahoe Retires Amid Company Restructuring
Nike has appointed Elliott Hill as its new CEO, replacing John Donahoe, who is retiring, as the company faces declining sales and stock performance.
Instagram Rolls Out New Privacy Settings With Default Private Accounts for Teens to Enhance Child Safety
Instagram is making teen accounts private by default to enhance safety for users under 18, starting in the US, UK, Canada, and Australia
Boeing CEO Unveils Furlough Plans for Executives, Staff Amid Ongoing Labor Strike to Conserve Cash
Boeing CEO announced the company will begin furloughing a large number of employees to conserve cash during the ongoing union machinists' strike.
GameStop CEO Ryan Cohen Faces $1 Million FTC Penalty for Antitrust Breach Linked to Wells Fargo Acquisition
The FTC has fined GameStop CEO Ryan Cohen $1 million to settle antitrust charges related to his purchase of Wells Fargo shares.
MrBeast, Amazon Face Lawsuit Over 'Beast Games' Show, Citing Pay Denials and Unsafe Work Environment
Five "Beast Games" contestants are suing MrBeast's company and Amazon, citing unsafe conditions, unpaid wages, and sexism.
Sam's Club Employees to See Pay Hikes of Up to 6% as Walmart Expands Worker Benefits
Walmart announced pay raises of 3% to 6% for Sam's Club employees, increasing the starting wage to $16.
Novo Nordisk Predicts Ozempic's Inclusion in Medicare Drug Price Talks by 2027
Novo Nordisk expects its diabetes drug Ozempic to be included in U.S. Medicare's price negotiations by 2027, as allowed by the Inflation Reduction Act.
Elon Musk's Neuralink Receives FDA 'Breakthrough Device' Designation for Vision-Restoring Implant
Elon Musk's Neuralink has been granted the FDA's "breakthrough device" designation for its experimental vision-restoring implant, which aims to expedite its development and review process.
AT&T Agrees to Pay $13 Million to Settle FCC Investigation After Massive Data Breach
AT&T has agreed to pay $13 million and improve its data security practices following an FCC investigation into a 2023 data breach that exposed sensitive information of nearly 9 million wireless customers.
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