Industry
The latest news and insights from TheWkly's Industry section.
Charter–Cox Merger to Reshape US Cable Landscape
In a move that may consolidate large parts of the American cable industry, Charter Communications has reached an agreement to buy Cox...
Guyana Passes Law to Hold Oil Companies Liable for Spills
Georgetown, Guyana: Parliament approved legislation requiring oil producers to cover cleanup and damages for any spill in Guyana’s waters. With...
Families of Boeing Crash Victims Fight DOJ Immunity Deal
Chicago, USA: Families of the 737 MAX crash victims are protesting a Department of Justice plan that would allow Boeing to avoid full prosecution....
Dick’s Sporting Goods to Acquire Foot Locker in $2.4B Deal
Pittsburgh, USA: Dick’s Sporting Goods announced plans to acquire Foot Locker for $2.4 billion, aiming to unify the U.S. sports retail market and...
California Governor Reveals $12B Budget Deficit in $322B Spending Plan
Sacramento, USA: Governor Gavin Newsom outlined California’s $322 billion spending plan for the next fiscal year, acknowledging a $12 billion...
Pharma Firm Athenex Declares Bankruptcy and Plans Asset Sell-Off
Buffalo, New York, USA: Athenex, a once-promising biopharmaceutical company specializing in cancer treatments, has filed for Chapter 11...
GM Claims EV Battery Breakthrough for Cheaper, Longer-Range Trucks
Detroit, USA: General Motors revealed a new lithium manganese-rich (LMR) battery design that promises longer range at a lower cost for its...
Elon Musk’s Boring Company Touted for Amtrak Mega-Tunnel Project
Washington, D.C.: Federal officials reportedly invited Elon Musk’s Boring Company to bid on a massive $8.5 billion Amtrak tunnel upgrade along a...
3M to Pay Up to $450 Million in New Jersey to Settle “Forever Chemicals” Pollution Claims
Trenton, New Jersey: Industrial giant 3M has agreed to a $450 million settlement addressing damage from PFAS “forever chemicals,” which linger...
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