Industry

The latest news and insights from TheWkly's Industry section.

Broadcom Warns VMware Customers on Licenses
Industry

Broadcom Warns VMware Customers on Licenses

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Broadcom has issued cease-and-desist letters to organizations running older VMware software without active support contracts. Claiming those...

May 08, 2025 09:25 AM Negative
Ford Hikes EV Prices Over New Tariffs
Industry

Ford Hikes EV Prices Over New Tariffs

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Ford announced higher retail prices for vehicles built in Mexico—like the Mustang Mach-E—responding to the Trump administration’s new 10% import...

May 08, 2025 09:25 AM Negative
Global Debt Surges to $324 Trillion, Raising Alarms Over Economic Stability
Industry

Global Debt Surges to $324 Trillion, Raising Alarms Over Economic Stability

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The Institute of International Finance reported a record $324 trillion in global debt, equivalent to over 350% of total GDP worldwide. China and...

May 07, 2025 03:25 PM Negative
Biden-Era Fossil Fuel Ban for Federal Buildings Paused by Trump’s DOE
Industry

Biden-Era Fossil Fuel Ban for Federal Buildings Paused by Trump’s DOE

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The Department of Energy froze a Biden-era rule aimed at phasing out fossil fuels in new federal buildings. Originally set for 2025 compliance,...

May 07, 2025 03:25 PM Negative
Bristol Myers Commits $40B to U.S. Expansion
Industry

Bristol Myers Commits $40B to U.S. Expansion

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Pharma giant Bristol Myers Squibb announces a $40 billion investment in U.S. operations over five years, potentially creating thousands of...

May 06, 2025 01:20 PM Neutral
OPEC+ Accelerates Oil Supply Hikes Despite Low Prices
Industry

OPEC+ Accelerates Oil Supply Hikes Despite Low Prices

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OPEC+ announced a bigger-than-expected oil production increase for June—adding 411,000 barrels per day—despite crude prices hovering near...

May 05, 2025 08:56 AM Neutral
Biden Administration Pauses Enforcement of Gig-Worker Classification Rule
Industry

Biden Administration Pauses Enforcement of Gig-Worker Classification Rule

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The Labor Department has halted implementation of a federal rule meant to protect gig workers by making it tougher to classify them as...

May 05, 2025 08:56 AM Neutral
Texas Investigates Toothpaste Makers Over Fluoride Claims
Industry

Texas Investigates Toothpaste Makers Over Fluoride Claims

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Texas Attorney General Ken Paxton has launched a probe into leading toothpaste brands for their use of fluoride. He claims consumers may have been...

May 03, 2025 04:36 PM Negative
HSBC Sustainability Chief Steps Down as Bank Rethinks ESG Strategy
Industry

HSBC Sustainability Chief Steps Down as Bank Rethinks ESG Strategy

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HSBC’s Global Head of Sustainability, Erin Leonard, unexpectedly resigned in the midst of the bank’s strategic pivot. It’s the second high-profile...

May 03, 2025 04:36 PM Negative

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