Elizabeth Holmes, the founder of blood lab Theranos who became the face of Silicon Valley duplicity after her company collapsed amid fraud claims, is scheduled to report to prison Tuesday to begin her sentence of…
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Business
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Business
Budweiser parent is now offering money back to boost Bud Light sales after transgender marketing backlash
Just in time for Memorial Day: cheap beer and, in some cases, practically free. Bud Light parent company, AB InBev, has launched a promotion offering a rebate of up to $15 to win back customers…
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Business
Elon Musk’s brain implant company Neuralink announces FDA approval of in-human clinical study
Neuralink, the neurotech startup co-founded by Elon Musk, announced Thursday it has received approval from the Food and Drug Administration to conduct its first in-human clinical study. Neuralink is building a brain implant called the Link, which aims to…
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Mega retailer Target is pulling some of its merchandise that celebrates Pride month after threats to employees, the company said Tuesday. “Since introducing this year’s collection, we’ve experienced threats impacting our team members’ sense of…
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A baker and a tattoo artist recently garnered TikTok virality other small business owners could only dream of. The only problem? The exposure wasn’t positive. Kylie Allen, owner of the West Virginia-based bakery Kylie’s Kakes,…
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Business
‘Nobody imagined it would go on this long’: Bud Light sales continue to plummet over Mulvaney backlash
Sales of Bud Light continue to plummet, reflecting ongoing backlash to the brand’s decision to hire transgender influencer Dylan Mulvaney as a spokesperson. According to data cited by the beverage industry trade publication Beer Business…
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PacWest Bancorp, one of the lenders seeking to survive the U.S. regional banking crisis, said on Monday it had agreed to sell a $2.6 billion real estate construction loan portfolio at a discount in a…
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Business
Peloton aims to rebrand as a fitness company for all with a focus on app and tiered subscription pricing
When Peloton unveiled its 2019 holiday commercial depicting a husband who gifted his wife a stationary bike for Christmas, the ad was widely panned as sexist, dystopian and reminiscent of a hostage video. People took umbrage at the commercial’s…
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Netflix’s crackdown on password sharing has come to the U.S. The streaming service said it began alerting members on Tuesday about its new sharing policy, noting that Netflix accounts are only to be shared within…
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Chair Jerome Powell indicated Friday that the Federal Reserve will likely forgo an increase in its benchmark interest rate when it meets in June for the first time since it began raising its key rate…