Industry
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Trump Backs Nippon Steel’s $14.9 B Bid for U.S. Steel, Raising Questions
Washington, D.C.: President Trump unexpectedly endorsed Nippon Steel’s $14.9 billion purchase of U.S. Steel, reversing earlier opposition to...
May New-Vehicle Sales Expected to Cool After Tariff-Fueled Surge; SAAR Forecast at 16M
Detroit, USA: Cox Automotive projects a May 2025 SAAR of 16.0 million units, down from 17.8 million in March. Analysts note the earlier surge came...
Dick’s Sporting Goods acquires Foot Locker in a $2.4B deal
Coraopolis, Pennsylvania, USA: Dick’s Sporting Goods just announced a $2.4 billion buyout of Foot Locker, merging two major US sports retail...
GM wants to be all-electric by 2035. Why did it lobby to kill California’s EV rule?
California, USA: General Motors boasted plans for an all-electric lineup by 2035, but behind the scenes it supported a Congressional resolution...
Joann fabrics stores closing: See the full list of all remaining locations that will shutter this month
Hudson, Ohio, USA: Joann Fabrics & Crafts, an iconic 70-year-old chain, is closing its last 444 stores by May 31 after declaring bankruptcy....
Boeing Reaches Deal to Avoid Criminal Charges in 737 Max Crash Case
Chicago, Illinois, USA: Boeing avoided criminal prosecution over its 737 Max crashes by extending a prior deferred prosecution deal with the U.S....
AgTech Innovator Pivot Bio Relocates to Midwest, Focusing on AI and Grower Collaboration
Midwestern USA: Pivot Bio, known for its microbial solutions to improve farming sustainability, is moving operations from Berkeley to new “centers...
L3 Technologies to Pay $62 Million in False Claims Act Settlement Over Defense Contracts
Salt Lake City, Utah, USA: L3 Technologies agreed to pay $62 million to resolve allegations of overstating costs in defense contracts, violating...
GlobalWafers Boosts Texas Factory Investment to $7.5 Billion
Sherman, Texas, USA: Taiwan-based GlobalWafers opened a $3.5 billion semiconductor wafer plant in Sherman and unexpectedly announced an extra $4...
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