On Tuesday, Tesla once again found itself in the spotlight for an extensive recall of virtually every Cybertruck currently on the road. The reasoning behind this drastic move? Some of the vehicle’s paneling is adhered with glue susceptible to “environmental embrittlement.” This term, while technical, suggests a troubling vulnerability: a risk of “rapid unscheduled disassembly,” Read more

The anticipation surrounding former President Donald Trump’s proclamation of “Liberation Day” paints a vivid picture of the complexities currently at play in U.S. trade policy. Trump’s repeated assertions regarding imminent tariffs, targeting an extensive range of imported goods from Mexico, Canada, and beyond, have generated considerable interest and trepidation among investors. With Trump’s announcement poised Read more

The digital health initial public offering (IPO) landscape has witnessed considerable fluctuations over the past few years. Following a notable surge in IPO activity in 2021—where 21 out of the 57 currently active public digital health companies made their market debut—interest has largely waned. Reports from Halle Tecco, founder of Rock Health, indicate that since Read more

As market volatility continues to characterize 2023, the financial landscape has seen a notable divergence in investor sentiment. According to recent reports, hedge fund pessimism surrounding Wall Street has reached a five-year high, with many fund managers openly betting on further market declines. This strategic shift marks a stark contrast to the traditional reaction investors Read more

In a recent briefing held at Israel Aerospace Industries (IAI) headquarters on March 13, executives announced that the company has achieved a record gross income for 2024, alongside an unprecedented backlog of orders valued at approximately $25 billion. This notable performance comes amid shifting global defense requirements and a surge in international interest in IAI’s Read more

The Federal Reserve’s latest assessments indicate a paradigm shift in economic expectations, suggesting that the anticipated soft landing, wherein rates could be slowly cut without substantial job losses, may be overshadowed by rising inflation. Economists like Jay Bryson from Wells Fargo are highlighting the potential for a return to stagflation—an unsettling combination of stagnant growth Read more

DispatchHealth, a Denver-based provider of urgent and acute care, has announced its plans to acquire Medically Home, a Boston-based company specializing in at-home healthcare for complex medical conditions. This merger heralds the creation of the most extensive platform for delivering high-acuity care directly in patients’ homes, offering services across 50 major metropolitan areas and collaborating Read more

In a strategic maneuver that could reshape the future of Guess Inc., WHP Global has initiated a proposal to acquire the outstanding shares of the fashion brand not currently held by its co-founders Paul and Maurice Marciano or CEO Carlos Alberini. This potential acquisition, if successfully executed, would effectively take Guess private, placing WHP Global Read more

On Friday, the Senate confirmed billionaire financier Stephen Feinberg as the Defense Department’s second-highest official, a significant appointment anticipated to shape the department’s direction under the current administration. The confirmation, which passed with a 59-40 vote, underscores continued efforts by President Donald Trump to place key figures within the military apparatus who are aligned with Read more

Labcorp has announced its acquisition of BioReference Health’s oncology testing business for $192.5 million. This transaction, which marks Labcorp’s second major acquisition of BioReference assets in less than a year, underscores the growing importance of oncology testing services in the marketplace. The deal, announced recently, includes a performance-based component where an additional $32.5 million is Read more

Recent developments at major institutions such as Bank of America and Berkshire Hathaway have captured the attention of industry observers and investors alike. The changes signify not only a response to current market dynamics but also a shift in how organizations manage their workforce and investment strategies. Bank of America has made headlines by tightening Read more

In a significant development within the pharmaceutical industry, Mallinckrodt and Endo have announced a $6.7 billion merger that aims to create a stronger, more nimble organization capable of thriving in an increasingly competitive market. This partnership, set to close in the second quarter of this year, will see Endo transform into a wholly owned subsidiary Read more