Sectors
FTC Blocks Tempur Sealy's Acquisition of Mattress Firm Over Competition Concerns
The Federal Trade Commission has voted to prevent mattress maker Tempur Sealy from acquiring retail chain Mattress Firm, citing concerns that the merger would stifle competition.
Temu and Shein's High Airfreight Demand Drives Up Global Shipping Prices
Chinese e-commerce giants Temu and Shein have significantly increased global airfreight prices, leading to limited capacity and heightened costs akin to peak holiday periods.
FDA Approves Eli Lilly's Alzheimer’s Drug Donanemab, Expanding US Treatment Options
The FDA has approved Eli Lilly’s Alzheimer’s drug donanemab, branded as Kisunla, for early symptomatic adults, providing a new treatment option for nearly 7 million Americans affected by the disease.
Apple Joins OpenAI's Board: Phil Schiller Takes Observer Role in Historic Partnership
Apple has secured an observer role on OpenAI’s board as part of a significant agreement, with Phil Schiller, the head of Apple’s App Store, appointed to the position.