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Shares of Walgreens, CVS and Rite Aid dropped Wednesday following a report that Amazon is considering opening brick-and-mortar pharmacies in the United States. Walgreens dropped 4%, CVS fell 2% and Rite Aid was off 3% during mid-morning trading. Business Insider reported early Wednesday that Amazon is eying opening physical stores in a “handful” of locations,
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WhatsApp has sued the Indian government in a bid to block new rules it says would lead to “mass surveillance” by forcing social media platforms to hand over private information about their users. The company confirmed Wednesday that such a complaint has been filed with the Delhi High Court. CNN Business has asked for a
Continue ReadingFans eager for the “BTS Meal” at McDonald’s will be excited to hear that collaboration goes beyond nuggets. McDonald’s is dropping a limited-edition merchandise line Wednesday that is inspired by group’s purple colors and fast food chain’s logo. The collection is a “perfect representation of an iconic partnership between two fan-favorite brands,” the fast food
Continue ReadingAfter about four years at The Sports Bar, a neighborhood restaurant in Ann Arbor, Michigan, Mandi Steed put in her two weeks notice this past spring. It wasn’t an easy decision. Steed, who is 29, had been working in restaurants for over a decade, and she was a fan of this one in particular. She
Continue ReadingDozens of campaign groups are urging Google to abandon a cloud computing project in Saudi Arabia, saying the company is at risk of being “complicit in future human rights violations.” Google announced plans late last year to establish a “cloud region” in Saudi Arabia in partnership with Saudi Aramco. Google said that services offered as
Continue ReadingFord is doubling down on electric vehicle development, announcing Wednesday it will invest $30 billion in electrification efforts by 2025. The automaker also pledged that 40% of its vehicles sold by 2030 will be electric. Ford had previously announced plans to spend $22 billion on electrification efforts and had recently revealed plans to build two
Continue ReadingA recent easing of mask-wearing guidelines from the US government was a welcome change for many Americans. That wasn’t entirely the case for mask seller Gabriela Henriquez. “I immediately called and texted my friends who were working for me making masks through the pandemic and said this wasn’t good news for us,” said Henriquez, who
Continue ReadingA leading newspaper in Japan that is sponsoring the Olympic Games in July has published an editorial calling for the event to be canceled as the country remains in the grip of the pandemic. Asahi Shimbun accused Prime Minister Yoshihide Suga of holding the Olympics “against the will of the public” in its editorial on
Continue Reading“F9” star John Cena has professed his love for China after calling Taiwan a “country” during an interview that generated a backlash among fans in Hollywood’s most important international market. The controversy unfolded after Cena — who plays the brother of Vin Diesel’s Dom Toretto in the ninth installment of the popular “Fast & Furious”
Continue ReadingTesla says it has set up a new facility in China to store local user data as the company faces heightened scrutiny over whether its cars there could ever be used for spying. The electric automaker said Tuesday that it had designated a new data center in mainland China, and would plan to “add more”
Continue ReadingA version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. This moment on CNN’s “New Day” summed up a current news media conundrum. On Tuesday morning Brianna Keilar began a conversation about Rep. Marjorie Taylor Greene by saying “I want to talk about” — and
Continue ReadingAn American journalist working in Myanmar was detained by local authorities Monday, his family and his news organization told CNN. Danny Fenster, 37, was stopped at the Yangon airport as he tried to board a flight out of the country, his brother Bryan Fenster said. Fenster, a US citizen originally from Detroit, Michigan, works for
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Americans making summer vacation plans are about to find airfare costs are near or even above pre-pandemic levels, according to the nation’s major airlines. Executives from most of the major carriers said the recovery in domestic leisure travel is already here. That means yields, which measure how much passengers pay for every mile traveled, are
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Americans making summer vacation plans are about to find airfare costs are near or even above pre-pandemic levels, according to the nation’s major airlines. Executives from most of the major carriers said the recovery in domestic leisure travel is already here. That means yields, which measure how much passengers pay for every mile traveled, are
Continue ReadingMore than 100 employees at the Associated Press have signed an open letter calling for more information about the recent firing of 22-year-old journalist Emily Wilder. Wilder’s ouster, and the newswire’s lack of candor about its cause, has caused a rare uproar inside the storied news organization. Monday’s open letter said the lack of communication
Continue ReadingOne year ago today, the world watched George Floyd’s life slowly slip away under the knee of a Minneapolis police officer. The outpouring of rage and empathy that followed shook the foundations of Corporate America in unprecedented ways, but experts say it’s far too early to say whether the business world’s pledged commitments to lasting
Continue ReadingWalmart has apologized to people who received emails containing the n-word in an earlier message from the retailer. On Monday, Walmart said someone outside the company created fake accounts on its site using the email addresses of the individuals in question. That prompted an auto-generated email from the company that contained the racial slur. Walmart
Continue ReadingA German e-commerce startup wants to disrupt the New York City grocery market with deliveries to customers’ apartments in 10 minutes or less. Gorillas, founded last year in Berlin and now available in more than 25 European cities, will begin deliveries in a handful of Brooklyn neighborhoods this month. Brooklyn will be Gorillas’ first location
Continue ReadingRecord-holding NASA astronaut Peggy Whitson has spent more time in outer space than almost any other human on the planet, but even in retirement she’s desperate to go back. On Tuesday, the 61-year-old Whitson revealed that she will do just that — and this time, she’s flying private. Axiom, a Houston-based company that focuses on
Continue ReadingFor decades, ExxonMobil has deployed Big Tobacco-like propaganda to downplay the gravity of the climate crisis, shift blame onto consumers and protect its own interests, according to a Harvard University study published Thursday. The peer-reviewed study found that Exxon publicly equates demand for energy to an indefinite need for fossil fuels, casting the company as
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