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August 1, 2021

Company

Bezos’ Rocket Company Loses Challenge to NASA SpaceX Moon Contract

New York Times
The G.A.O. also said that NASA had fairly evaluated the three proposals, and although it agreed that NASA had improperly waived one requirement for SpaceX, that mistake was not serious enough to merit redoing the competition. “Despite this finding, the decision also concludes that the protesters could not establish any......

Pinterest shares close down more than 18% after company reveals decline in users

CNBC
CNBC – For more and to sign up click here Pinterest shares closed down 18.24% on Friday after the company’s second-quarter earnings on Thursday revealed a decline in monthly active users. Pinterest posted 454 million monthly active users, down more than 5% from the 478 million the company reported in......

Wingstop plans ghost kitchens in Manhattan as company leans on digital

CNBC
CNBC – For more and to sign up click here Wingstop has laid out plans to expand its presence in Manhattan with dozens of new locations set to open in the market, CEO Charlie Morrison told CNBC on Wednesday. Many of those locations will come in the form of ghost......

Julio Jones sued by cannabis company alleging fraud, money laundering

USA TODAY – For more and to sign up click here Nashville Tennessean Tennessee Titans wide receiver Julio Jones is being sued by a cannabis company in connection to alleged fraud and money laundering, according to court documents obtained by The Tennessean late Tuesday night. Genetixs, a California-based cannabis business,......

DOJ reportedly investigates crypto company Tether for possible bank fraud

CNBC
CNBC – For more and to sign up click here A smartphone displays the Tether market value on the via The Crypto App. Guillaume Payen | SOPA Images | LightRocket | Getty Images The Justice Department is investigating possible bank fraud by executives of Tether Ltd. stemming from actions during......

McDonald’s taps company veteran as its first global customer officer

CNBC
CNBC – For more and to sign up click here A pedestrian walks past an American fast-food hamburger restaurant chain McDonald’s logo seen in Hong Kong. Budrul Chukru | LightRocket | Getty Images McDonald’s announced Monday it has tapped company veteran Manu Steijaert as its first global chief customer officer......

Large shareholder group calls for a board overhaul at pharma company CytoDyn

CNBC
CNBC – For more and to sign up click here Young chemist working with chemical substances during scientific experiment in laboratory. skynesher | E+ | Getty Images Company: CytoDyn Inc. (CYDY) Business: CytoDyn is a late-stage biotechnology company. The company focuses on developing treatments for multiple therapeutic indications based on......

Tony Podesta is hired to lobby by Huawei and a Bulgarian energy company.

New York Times
WASHINGTON — The Chinese telecommunications giant Huawei has hired the veteran Democratic lobbyist Tony Podesta as part of an expanded campaign to improve relations with the Biden administration. Mr. Podesta has deep connections inside the White House, including to President Biden and his close counselor Steve Ricchetti. But Mr. Podesta......

National ballet company predicts largest audiences in years for its return after Covid halt

CNBC
CNBC – For more and to sign up click here The American Ballet Theatre — the country’s national ballet company — has announced it will be returning to the stage in New York City this October, a year after halting indoor performances due to Covid. “We cannot wait to see......

Russia Signs Deal With Dubai Logistics Company to Navigate Thawing Arctic

@BreaknNews
ST. PETERSBURG, Russia — A Russian venture that seeks to take advantage of climate change in the Far North won a key commercial backer Friday when DP World, the gigantic Dubai-based logistics and ports company, signed a deal to help manage operations along sea lanes in the thawing Arctic Ocean.......

Biden’s drug czar nominee consulted for cannabis company last year, ethics disclosure shows

CNN
USA TODAY – For more and to sign up click here Gupta, who was formally nominated to be the director of the White House Office of National Drug Control Policy earlier this month, advised Holistic Industries — a multistate cannabis operator with processing facilities, dispensaries, and products like edibles and......

Database software company Couchbase valued at nearly $1.2 bln in Nasdaq debut

Reuters
The Nasdaq logo is displayed at the Nasdaq Market site in New York September 2, 2015. REUTERS/Brendan McDermid/File Photo July 22 (Reuters) – Shares of Couchbase Inc (BASE.O) jumped more than 23% in their Nasdaq debut on Thursday, giving the database software company a market capitalization of nearly $1.2 billion.......

Uber to buy transportation logistics company Transplace in $2.25 billion deal

CNBC
CNBC – For more and to sign up click here An Uber Freight truck. Source: Travis Kalanick | Twitter Uber Freight, the rideshare company’s trucking division, said Thursday it’s acquiring Transplace in a deal that values the transportation logistics company at $2.25 billion. Uber shares dipped slightly in premarket trading.......

Giannis Joins Super Company Without Joining Super Team

Sports Illustrated
SI – For more and to sign up click here Robin Lundberg Giannis Antetokounmpo joined a super team with his legendary NBA Finals performance: the best players of all time.  Because when you’re talking current players with a pantheon level resume it’s LeBron James, Kevin Durant, Steph Curry and now......

Core Scientific, a major U.S. bitcoin mining company, is going public via SPAC

CNBC
CNBC – For more and to sign up click here Cryptocurrency mining operator Core Scientific said Wednesday it is listing on the Nasdaq through a merger with Power & Digital Infrastructure Acquisition Corp. The deal with the special purpose acquisition company values Core Scientific at roughly $4.3 billion. It’s not......

Why Elon Musk’s Boring Company is finding that traffic is tough to fix

CNBC
CNBC – For more and to sign up click here Elon Musk is famous for electric vehicles, reusable rockets, and satellites that can beam down high-speed internet to the most remote regions of the planet. But in 2016, he set his sights lower. The idea was to create a company......

Home insurance company Kin to go public via SPAC merger

CNBC
CNBC – For more and to sign up click here Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters Direct-to-consumer home insurance technology company Kin Insurance is going public through a reverse......

This company is searching for its first ever taco consulting expert—and the job pays $100,000 for 4 months of work

CNBC
CNBC – For more and to sign up click here Are you a taco fanatic? McCormick & Company announced this week it is hiring for a new position: Director of Taco Relations. The position will be the first of its kind for the food company. Applicants must be 21 years......

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