Business
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Fox gambles on Roku in $22 billion streaming play
Fox Corp. shocked Wall Street on Monday by announcing its $22 billion acquisition of Roku, a move designed to tether its legacy linear networks and Tubi service to a dominant streaming distribution platform. Investors responded with immediate skepticism, sending Fox shares to a 52-week low as the stock plummeted 20% over two days.
Rivian Trims Workforce as R2 Launch Faces Market Headwinds
Rivian is cutting hundreds of jobs, impacting less than 2% of its global workforce, as the electric vehicle manufacturer attempts to stabilize its finances. The move follows a broader industry struggle to achieve profitability, arriving just one week after the company began delivering its mass-market R2 SUV.
General Motors and Lockheed Martin Forge Defense Manufacturing Alliance
General Motors is pivoting toward the defense sector, joining forces with Lockheed Martin to bolster U.S. munitions production. Facilitated by the Department of Defense, the collaboration aims to leverage the automaker’s industrial scale to address critical supply chain gaps and accelerate the delivery of defense hardware.
Carvana Challenges the Century-Old Dealership Model
Yum Brands Offloads Pizza Hut in $2.7 Billion Split
Centene Launches Voluntary Buyouts Amid Medicaid Funding Squeeze
Fox Targets Streaming Dominance With $22 Billion Roku Acquisition
KFC pivots to boneless menu to reclaim market dominance
JetBlue cements dominance at Fort Lauderdale-Hollywood International
Rivian CEO RJ Scaringe Bets on Humanoid Robotics
Beyond the Weekly Shot: The Next Frontier in Obesity Treatment
DOJ clears path for Paramount’s $110 billion acquisition of WBD
Elon Musk crosses trillion-dollar threshold as SpaceX hits Nasdaq
2026 Midterms Poised to Shatter Political Ad Spending Records
SpaceX windfall set to reshape luxury real estate markets
Family offices pivot from space hype to infrastructure
World Cup Economic Impact Faces Uneven Reality
Why the Used Car Market Remains Stuck in a Price Squeeze
GM Pivots to Sodium-Ion Batteries for Energy Storage Expansion
LIV Golf Seeks New Capital Amid Saudi Funding Uncertainty
JPMorgan Chase Prepares AI Agents for Autonomous Workflow Management
Rivian accelerates R2 production to capture mass-market appeal
SpaceX alumni leverage collective wealth to force lower advisory fees
Aviation leaders face a volatile year of rising costs and conflict
Aviation’s new engine paradox: Efficiency gains lost to maintenance
Novo and Lilly Race for Dominance in the GLP-1 Pill Market
USDA moves to contain new Texas screwworm outbreak
United CEO Scott Kirby Calls Time on U.S. Airline Mergers
Lavazza Challenges American Single-Serve Market with Tablì System
