Industries

Consumer

Home Depot Acquires Building Products Distributor GMS

Photo by Todd Van Hoosear via CC BY-SA 2.0

Home Depot’s push into the pro market began in earnest last year, when the company dropped $18.5 billion to buy SRS Distribution.

2 min read

Photo by Matt Weissinger via Pexels

Autos

Ford, GM Notch Sales Surge as Detroit Braces for Slump

Ford said that its second quarter sales rocketed 14% in the second quarter from a year earlier to 612,095 vehicles.

2 min read
Photo by Jetcityimage via iStock

Consumer

Shein, Temu Sales Slide After Losing US Duty-Free Loophole

In May, POTUS scrapped the “de minimis” exemption that allowed Shein and Temu to ship packages worth less than $800 to the US duty-free.

2 min read
Photo by Michael Fousert via Unsplash

Electric Vehicles

EV Dealerships Urge Slow-Walking Tax Credit Cutoff Amid ‘Big, Beautiful Bill’ Debate

Experts have already warned that rollbacks to electric vehicle tax incentives will slow sales growth big time.

2 min read

Media & Entertainment

Apple’s Film Division Finally Finishes First at Box Office

Photo via Apple TV+

While Apple has been able to produce a string of TV hits, making successful movies has proven a little more difficult.

2 min read

Energy

Shell Dismisses BP Takeover Talks as Mere ‘Speculation’

Photo via Karol Serewis/ZUMAPRESS/Newscom

A megamerger of this sort would vault Shell’s market cap closer to ExxonMobil’s $468 billion and likely beyond Chevron’s $248 billion.

2 min read

Photo via Cfoto/ZUMAPRESS/Newscom

Healthcare

AstraZeneca and Daiichi Sankyo Treatment Wins First of Its Kind FDA Blessing to Treat Lung Cancer

Like many other major pharmaceutical companies, AstraZeneca is facing a series of patent cliffs for key treatments in its portfoilio.

2 min read
Photo via Dave Cullen/EEm/SIPA USA/SportPix/Sipa USA/Newscom

Industries

Carnival Cruises Past Market Expectations in Boon for Shares

The choppy waters predicted for the cruise industry this year were based on the very real risks of trade wars and real wars.

2 min read
Photo via Abaca Press/Blondet Eliot/Abaca/Sipa USA/Newscom

Healthcare

Novo Nordisk Backs Away From Hims & Hers Partnership

Novo and Hims’ April team-up turned the two firms from competitors into collaborators at just the right moment.

2 min read

Industries

Drones Steal the Paris Air Show

Photo via IMAGO/Vincent Isore/IMAGO/IP3press/Newscom

A record number of drones are on display at the world’s largest aerospace event in Paris this week, marking a major industry milestone.

1 min read

Photo via Andy Dean/Newscom

Media & Entertainment

Proposed Crackdown on Pharma Ads Leaves Cable TV Fearing $10B Withdrawal

The US and New Zealand are the only two countries that allow pharmaceutical companies to directly advertise to patients on TV.

2 min read
Photo via James Thew/Newscom

Energy

Oil Prices Spike as Israel-Iran Conflict Threatens Production, Shipping

With no immediate end in sight, analysts are weighing multiple possibilities that could affect prices down the line.

2 min read
Photo via Kyodonews/ZUMAPRESS/Newscom

International Economics

US Flexes Golden Share in Nippon Merger With US Steel

The deal is the Trump administration’s attempt to stake out a new path for balancing national security and the influx of foreign capital.

2 min read

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