Starbucks and Workers United have agreed to begin discussions in hopes of reaching collective bargaining agreements, the coffee giant and union said Tuesday.
Surge pricing is coming to Wendy's with the fast-food chain planning to test "AI-enabled menu changes" starting as early as 2025.
Why it matters: If a burger or spicy chicken sandwich costs more during the busy lunch or dinner rush, Wendy's runs the risk of driving consumers to its competitors.
Apple has canceled its secretive plan to develop an autonomous electric car, Bloomberg reported on Tuesday, citing anonymous sources with knowledge of the matter.
Why it matters: It's an abrupt, substantial shift for the company, as the multibillion-dollar, decade-long project would have led the company into an entirely new market, and it would have marked a new entrant in the auto space.
Lawyers who helped build the regulatory case against crypto are now advising firms on how to navigate it.
Why it matters: It's an example of the SEC's long-criticized "revolving door" with the companies it regulates, and is all the more notable given the power shift under way in crypto following several high-profile court losses for the agency.
Honda introduced on Tuesday a new zero-emissions version of its popular CR-V crossover utility: a plug-in hybrid that runs on battery electricity and hydrogen.
Why it matters: The CR-V e:FCEV (Couldn't Honda come up with a better name?) is part of the automaker's broader effort to achieve carbon neutrality by 2050.
The Financial Times has launched a new venture arm to invest in high-growth media and tech companies, executives told Axios, and FT Ventures' first investment is in Charter, a future-of-work media startup.
Why it matters: The separate investment arm lets the FT explore strategic investments in smaller, high-growth startups that wouldn't make sense for the broader FT Group.
Madhive, a software platform for digital TV advertising, is teaming up with Fox Television Stations to launch a local marketplace for political advertising via (internet) connected television (CTV).
Why it matters: More streaming and digital TV companies are adjusting their policies to allow political advertising, contributing to the huge increase in political ad spend in the U.S.
X-energy, a startup developing small modular reactors (SMRs), sees an attractive market in slaking the energy thirst of the rapidly unfolding artificial intelligence boom.
Why it matters: The company's ambitions underscore AI's role as an emerging demand source — and atomic power's unique but underdeveloped position as one of world's carbon-free energy sources.
5,000 workers at Anheuser-Busch InBev, the nation's largest brewer, could walk off the job as soon as Friday, the day after their current union contract expires.
Why it matters: The strike organized by the Teamsters would disrupt operations at 12 breweries — more than a quarter of the company's U.S. workforce — and would be the biggest walkout of the year, threatening to disrupt a cherished liquid resource.
Why it matters: Polls indicate voters are more concerned about the age of 81-year-old Biden than 77-year-old Republican primary frontrunner Trump. The president noted the closeness of their age during his interview with NBC's Seth Meyers.
Senate leaders on Monday said there was just enough time to avoid a partial government shutdown by the end of the week, but major roadblocks remain in the way of a deal.
Why it matters: Lawmakers have yet to reach a deal to keep the government functioning ahead of Friday's deadline.
A review of Boeing's practices released Monday raised concerns about how the aircraft maker manages safety.
Why it matters: In the latest blow to hit the U.S. firm, the report by an independent panel convened by the Federal Aviation Administration found a "disconnect between Boeing's senior management and other members of the organization on safety culture."
