by Beth Holmes | Mar 20, 2023 | Companies, News
First Republic Bank will be getting a $30 billion rescue package from other major banks, after two other major banks failed this week. First Republic Bank is based in San Francisco, and serves mostly venture capital-backed companies and tech startups. Before this...
by Beth Holmes | Mar 13, 2023 | Companies, News
Walgreens has lost a large contract with the state of California after indicating it would deny legal sales of abortion pills in red states. The issue is over sales of the drug Mifepristone, which when combined with another pill can safely end pregnancies of less than...
by Beth Holmes | Mar 6, 2023 | Companies, News
Eli Lilly will be cutting prices for older formulae of insulin later this year, and capping prices on other prescriptions for more patients. Many people with diabetes face thousands of dollars in annual costs for the insulin that keeps them alive. Before the 1992...
by Beth Holmes | Feb 27, 2023 | Companies, News, Social Media, Technology
FTX founder may wait for trial in jail, as his judge grows frustrated with him violating the terms of his bail package. The terms of Sam Bankman-Fried’s bail package allow him to live with his parents in Palo Alto, California, while his attorneys and prosecutors...
by Beth Holmes | Feb 22, 2023 | Companies, News, Technology
Smartmatic will go forward with their defamation lawsuit against Fox News, after a judge declined their motion for dismissal. Smartmatic is a voting technology company that, among other things, builds and maintains electronic voting systems. During the 2020...
by Beth Holmes | Feb 13, 2023 | Companies, Social Media
Gold checkmarks are Twitter’s newest verification distinction, and they’ll cost $12k a year to any business that wants one. Twitter established their blue checkmarks in 2009, as a quick way for readers to know if the twitter handle they were using belonged...
by Beth Holmes | Feb 6, 2023 | Companies, News
HarperCollins Publishers announced they’ll be cutting approximately 5% of their workforce, a day before negotiations open with their striking union. The statement released Tuesday by the publishing giant cites low sales and rising costs in the industry, just as...
by Beth Holmes | Jan 30, 2023 | Companies, News
The Galactic Starcruiser, the expensive and immersive Star Wars hotel in Disney World Resort, is beginning to cut rates in response to poor sales. Disney Company opened the hotel in 2022. It only has 100 rooms, and guests get to eat and play with costumed actors,...
by Beth Holmes | Jan 23, 2023 | Companies, News
Wizards of the Coast wants to ‘tighten’ the open game license (OGL) agreement they’ve extended to fans and collaborators for twenty years, in a move wildly unpopular among their fans. The OGL, as it has stood since the early 2000s, allows users to...
by Beth Holmes | Jan 16, 2023 | Companies, News, Technology
The Miami Heat Arena will have a new name, following the contentious fall of cryptocurrency company FTX. FTX Trading Ltd was founded in 2019, and for a brief time in 2021 was one of the largest trading exchanges in the world by volume. They operated a crypto hedge...
