Industries

Industries

Joby Air Taxis Fly from JFK to Manhattan in Pursuit of FAA Certification

Photo via Cover Images/ZUMAPRESS/Newscom

The goal is to connect the airport to Manhattan in under 10 minutes, which will no doubt appeal to anyone who’s sat in traffic on the trek.

2 min read

Photo via imageBROKER/Igor Zakirov/Newscom

Consumer

After Years of Double-Digit Sales Growth, Luxury Retailers Face ‘Reckoning’

From LVMH to Richement, brands built on status pursue younger customers amid signals that the salad days of the past two decades are over.

4 min read
Photo via IMAGO/Rüdiger Wölk/Newscom

Consumer

American Joins Airlines Buckling Up for Soaring Fuel Costs

Fuel typically accounts for a quarter of carriers’ expenses, but that proportion’s likely to dramatically spike this year.

1 min read
Photo via Yonhap News/YNA/Newscom

Media & Entertainment

Netflix Pitches ‘Buyback-and-Chill’ Strategy

A first-quarter earnings beat last week was overshadowed by weak second-quarter guidance that suggested growing subscriber churn.

2 min read

Industrials

Boeing’s Delivery Win May Signal Clearer Skies Ahead

Photo via Scott Brauer/ZUMAPRESS/Newscom

Sales climbed 10% as Boeing narrowed its losses from $31 million in the same quarter last year to $7 million this go-round.

2 min read

Healthcare

Eli Lilly Invests Weight-Loss Windfall in Next-Gen Cancer Treatment

Photo via Gado Images/Smith Collection/Gado/Sipa USA/Newscom

Kelonia is developing a next-gen blood cancer treatment that’ll reprogram T-cells to help patients’ immune systems fight cancer.

2 min read

Energy

Sweating It Out: Data Centers Plus Summer Heat Raises Power Bills, Blackout Risk

Photo illustration by Connor Lin / The Daily Upside, Photo by Alptraum via iStock

The US electrical grid isn’t ready for the double whammy of peak air conditioner usage and peak data center power needs. What happens now?

4 min read

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