Conspiracy theoristAlex Jones' Infowars media platform and its parent company Free Speech Systems will be shut down as part of "an orderly wind-down process," according to a plan outlined in a U.S. bankruptcy court trustee's emergency court filing.
Why it matters: Since Jones was found to have defamed the Sandy Hook victims' families by repeatedly spreading lies one of the deadliest mass shootings in the U.S., he has tried to use bankruptcy to protect his personal assets.
Panic and anxiety have proved to be more relatable themes than riding giant sand invertebrates, if movie attendance is any indication.
Zoom in: "Inside Out 2," the Disney and Pixar sequel to the 2015 animated hit, pulled in $100 million at the domestic box office in its second weekend, toppling "Dune 2" as the highest-grossing film so far this year.
Belgian fashion designer Dries Van Noten closed out his 38-year career this weekend with a final runway show in Paris.
Why it matters: His retirement, announced in March, shocked an industry long-accustomed to abrupt or overdue exits, the New York Times notes.
Van Noten has produced 129 catwalks and 150 collections known for their color and clashing textures, and his brand helped recast Belgium as a country that could stand out in fashion.
A piece of advice for young designers: "Take your time. I think young people want to go too fast. The internet is fantastic to get known in a very short time to make things happen. But you're also burned very quickly, and I think once burnt, they don't often give you a second chance," he told Vogue Business.
Novo Nordisk plans to build a $4.1 billion factory in North Carolina as it scrambles to boost supplies of weight-loss drug Wegovy and diabetes drug Ozempic.
Why it matters: Patients are experiencing widespread shortages of the newly popular GLP-1 class of injectable drugs made by the likes of Novo Nordisk and Eli Lilly.
Target is teaming up with Shopify to expand the retail giant's third-party marketplace platform to better compete with Walmart, Amazon and other retailers.
Why it matters: Target's third-party marketplace, dubbed Target Plus, sells 2 million products from 1,200 brands.
The BlackSuit ransomware gang is believed to be behind ongoing outages at CDK Global, a software provider for roughly 15,000 North America-based car dealerships.
Why it matters: CDK has yet to acknowledge that the attack is a result of ransomware, but an incident like this could take weeks to recover from.
The Czechoslovakia Group (CSG) raised its bid for Vista Outdoor's ammunition unit from $1.96 billion to $2 billion, the company said Monday.
Why it matters: The Czech bidder is trying seal its deal ahead of a July 2 vote as a range of obstacles have emerged since it signed an agreement with Vista last October.
Former users of the defunct cryptocurrency exchange, Mt. Gox, will begin getting billions of dollars worth of repayments starting in early July, according to the team in control of what's left of the company.
Why it matters: Mt. Gox's bankruptcy process has lasted for a decade, and its long-awaited resolution now threatens to unleash a massive supply of bitcoin on the market.
Vivek Ramaswamy and BuzzFeed CEO Jonah Peretti recently met for more than an hour, to discuss the former presidential candidate's activist campaign against the media company, Axios has learned.
Why it matters: Ramaswamy announced his BuzzFeed stake with an incendiary letter, but the virtual confab was amicable and ended with the two sides agreeing to sit down in person later this summer or in early fall.
One of the biggest stories in crypto this year has been a surge in the market for meme coins — tokens designed around nothing but an image, phrase or idea, mostly designed to make money by catching traders' attention.
Why it matters: Meme coins have become a way for celebrities like Iggy Azalea to cash in fame. Also joining the fray is convicted felon Martin Shkreli, who claims he teamed up with Donald Trump's son, Barron, to create a "TrumpCoin" token, DJT.
Zoom is still in,but workers are zoning out in meetings. They're increasingly staying on mute through the whole ordeal and turning the camera off, according to new research published in Harvard Business Review.
Why it matters: A lack of participation in virtual meetings could be a sign that a worker is on her way out, or that there didn't need to be a meeting at all.
