Taco Bell, KFC parent company blames poor sales on Middle East conflict
The company, the parent company of multiple fast food brands including Taco Bell, KFC and Pizza Hut, said sales took a hit in the fourth quarter amid ongoing tensions in the Middle East. Yum Brands CEO David Gibbs said: during a call with an investor “Sales were impacted by conflicts in the Middle East, with […]
Novo Nordisk parent buys US drug firm for $16.5bn to expand Wegovy supply | Pharmaceuticals industry
The explosion in demand for the weight-loss drug Wegoby has prompted the holding company of its maker, Novo Nordisk, to buy the US-based drug giant for $16.5 billion ($12.70) and end its production capacity. Novo Holdings has acquired New Jersey-based pharmaceutical company Catalent, which it plans to immediately sell three of its locations in the […]
Google parent Alphabet sees AI investment providing long-term opportunities
The managing director of UBS Wealth Management said market opportunities that were once available through e-commerce are now being seized by AI. The rise of artificial intelligence remains a big focus for investors at Google and other tech giants, as emerging technologies reshape the tech world and transform the business of search, cloud, and advertising. […]
Parent anger at social media companies boils over ahead of tech CEO hearing
As the Senate convenes CEOs of social media companies on Wednesday to pursue them over online harm to children, parents and advocates say the time for discussion is over and Congress must He said action was needed to protect teenagers. Thursday’s Judiciary Committee hearing will include parents who became advocates after losing children to harm […]
Wrestling Icon Vince McMahon Resigns from WWE Parent Company After Ex-Employee Files Sex Abuse Suit
STAMFORD, Conn. (AP) — Pro wrestling icon Vince McMahon is facing a federal lawsuit after a former employee accuses him and another former executive of gross sexual misconduct, including soliciting sex from the star wrestler. He resigned from WWE's parent company on Friday, a day after his death. Mcmahon He has stepped down as chairman […]
Media heiress Shari Redstone receives preliminary offer for Paramount parent: report
Skydance Media CEO David Ellison has made a preliminary proposal to buy the Redstone family's holding company, National Amusements, as a way to take control of Paramount Global. Bloomberg News reported Wednesday. After Ellison, the son of Oracle founder Larry Ellison, assumed control, he discussed merging with Paramount and Skydance Media, the newspaper reported, citing […]
Michigan mom on trial for son’s deadly school massacre raises questions about parent culpability in shootings
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WI lawmakers advance bill guaranteeing parent oversight of pronouns, curricula
Republicans who control the Wisconsin General Assembly approved a bill Thursday that would guarantee parents the right to decide on their child's pronouns and remove them from classes that violate their personal beliefs. The Legislature passed the Republican-authored bill 62-35, sending it to the state Senate. Democratic Gov. Tony Evers is almost certain to veto […]