In a surprising move, Citigroup, one of the largest banks in the United States, has announced that most of its employees will have the option to work remotely for the final two weeks of December. This decision comes as a part of the bank’s ongoing efforts to adapt to the changing work landscape brought about
Business
Darden Restaurants, the parent company of popular chains such as Olive Garden and LongHorn Steakhouse, delivered quarterly earnings that surpassed expectations. The company’s strong performance was attributed to sales growth and positive consumer trends. With an increase in revenue and improved outlook, Darden Restaurants is poised for further success. Darden Restaurants exceeded Wall Street’s expectations
Delta Air Lines is making strategic moves to increase its presence at Austin-Bergstrom International Airport, seizing opportunities in one of the country’s fastest-growing airports. Despite facing challenges from rival American Airlines, Delta plans to add 11 nonstop flights from Austin in April, broadening its offerings and aiming for a greater market share. This expansion indicates
This weekend, a younger and more melodious Willy Wonka will grace the silver screen. “Wonka,” a highly anticipated film, has garnered positive reviews from critics and is poised to become a family favorite. With a solid “Fresh” rating on Rotten Tomatoes, the film is expected to generate between $35 million and $45 million during its
In a bold move, Trian Fund Management has announced its decision to nominate its CEO, Nelson Peltz, and former Walt Disney CFO Jay Rasulo to Disney’s board. This announcement comes as a part of the firm’s ongoing proxy fight with Disney, which has been marred by discontent and disagreements. Trian has been highly critical of
General Motors’ Cruise has been hit with a major blow as the company recently announced the layoff of 900 employees, which accounts for 24% of its workforce. This move follows the dismissal of nine “key leaders” just a day earlier. The drastic measures were taken in response to an October 2nd accident involving a Cruise
Amazon has announced that its upcoming internet satellites under Project Kuiper will incorporate laser link technology, which has proven to enhance data transmission speeds. Traditional satellite systems are restricted to sending data solely between individual spacecraft and the ground. However, with the implementation of laser links, satellites can establish connections with one another. Optical inter-satellite
Recent mid-stage trial data has shown promising results for the experimental cancer vaccine jointly developed by Moderna and Merck. In combination with Merck’s blockbuster therapy, Keytruda, the vaccine has demonstrated a significant reduction in the risk of death or relapse for patients with advanced melanoma, the most deadly form of skin cancer. These findings have
Shares of Vertex Pharmaceuticals soared on Wednesday following the release of groundbreaking results from a midstage trial of their new painkiller. This potential alternative to opioids has shown significant success in reducing pain for patients with chronic nerve conditions related to diabetes. The standout feature of this drug is its ability to provide powerful pain
Etsy, the popular e-commerce platform known for its handmade items and connection to local artisans, has announced that it will be laying off approximately 11% of its workforce. This decision comes at a crucial time during the holiday season and is an effort for the company to restructure its business and reduce costs in the