NEW YORK (AP) — Donald Trump is returning to the stock market. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the former president’s media business in a Friday vote. That means Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will… Continue reading Trump’s Social Media Company Will Go Public
Tag: company
Target sales ebb after Pride month shopper backlash and the company cuts profit outlook for 2023
Target’s second quarter sales were hit by inflation and a negative reaction by some customers, widely publicized on social media, to its Pride merchandise. The Minneapolis retailer expects high interest rates, which makes credit cards more expensive to use, and higher prices on food to continue to put a strain on customers and on Wednesday, the chain cut… Continue reading Target sales ebb after Pride month shopper backlash and the company cuts profit outlook for 2023
Viet Dinh, Fox’s top lawyerm is exiting company months after $787.5M Dominion settlement
Fox Corporation’s top lawyer is leaving the company, the media giant announced in a news release Friday, nearly four months after it reached a $787.5 million settlement with Dominion Voting Systems. Viet Dinh, Fox’s chief legal and policy officer, plans to step down from his role at the end of the year and become a… Continue reading Viet Dinh, Fox’s top lawyerm is exiting company months after $787.5M Dominion settlement
Weight-loss drug Wegovy cuts risk of stroke, heart attacks, company said
The popular obesity drug Wegovy cuts the risk of cardiovascular events, such as heart attack and stroke, by 20%, drugmaker Novo Nordisk said Tuesday. The findings are the first to demonstrate that a weight-loss drug has medical benefits beyond weight reduction. Novo Nordisk hasn’t yet released the full trial results, but the study may be… Continue reading Weight-loss drug Wegovy cuts risk of stroke, heart attacks, company said
Bud Light sales plunged after boycott over campaign with transgender influencer, company reveals
Anheuser-Busch Inbev reported a drop in U.S. revenue in the second quarter as Bud Light sales plunged amid a conservative backlash over a campaign with transgender influencer Dylan Mulvaney. The world’s largest brewer said Thursday that revenue in the United States declined by 10.5% in the April-to-June period from a year earlier, “primarily due to the volume… Continue reading Bud Light sales plunged after boycott over campaign with transgender influencer, company reveals
WWE boss Vince McMahon hit with federal grand jury subpoena and search warrant, company reveals
Federal law enforcement agents executed a search warrant on World Wrestling Entertainment boss Vince McMahon last month and served him with a federal grand jury subpoena, the company disclosed Wednesday. The actions represent an escalation of an ongoing investigation into allegations that McMahon paid millions of dollars over the years to women after being accused of sexual misconduct. WWE also revealed Wednesday that… Continue reading WWE boss Vince McMahon hit with federal grand jury subpoena and search warrant, company reveals