President-elect Donald Trump’s social media company is in advanced talks to buy cryptocurrency firm Bakkt, according to a report. Trump Media & Technology Group is nearing an all-share purchase of the crypto trading platform, which was previously led by former US Sen. Kelly Loeffler of Georgia, a vocal Trump supporter, the Financial Times reported on … Read more
Colgate-Palmolive was flagged by federal regulators for using water that is contaminated with a dangerous bacteria to manufacture its popular Tom’s of Maine toothpaste as well as to clean the equipment used to mass produce the product at its key facility. The Food and Drug Administration sent a letter to the company on Tuesday accusing … Read more
Shari Redstone paid off a nearly $200 million debt held by her family business that controls Paramount – and she did it with cash mostly fronted by tech tycoon Larry Ellison, The Post has learned. The 70-year-old daughter of the late media titan Sumner Redstone forked over $186 million last month owed to creditors of … Read more
WASHINGTON — President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary. The nomination would put Lutnick in charge of a sprawling Cabinet agency that is involved in funding new computer chip factories, imposing trade restrictions, releasing economic data and monitoring … Read more
WASHINGTON — President-elect Donald Trump on Tuesday tapped Dr. Mehmet Oz, a former television talk show host and heart surgeon, to head the agency that oversees health insurance programs for millions of older, poor and disabled Americans and selected Wall Street executive Howard Lutnick to lead the Commerce Department. “Dr. Oz will be a leader … Read more
ORLANDO, Fla. — Harry Potter fans eagerly anticipating the third attraction based on the popular book and movie franchise at Universal Orlando Resort found out Tuesday that the fictional setting for the ride will be the British Ministry of Magic. Harry Potter and the Battle at the Ministry is slated to debut May 22 as … Read more
Stellantis’ Ram 1500 Revolution battery-electric concept pickup truck is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at The Venetian Resort Las Vegas on January 05, 2023 in Las Vegas, Nevada. Ethan Miller | Getty Images DETROIT — Stellantis is delaying the launch of its Ram electric pickup trucks from … Read more
Walmart reported earnings and revenue that beat expectations as shoppers slammed by sticky inflation flocked to the discount chain to start their holiday shopping. In the three months ended Oct. 31, Walmart reported adjusted earnings per share of 58 cents, above expectations of 53 cents. The company posted revenue of $169.6 billion, above expectations of … Read more
Blackstone has agreed to buy Jersey Mike’s Subs, the sandwich chain said Tuesday, in a deal that a source said valued the company at around $8 billion, including debt. Reuters had reported on Monday, citing a person familiar with the matter, that Blackstone was nearing a deal for Jersey Mike’s. The deal, which is expected to close in early 2025, underscores private equity (PE) firms’ increasing interest … Read more
In a tweet he posted shortly before the election, Robert F. Kennedy Jr. took arms against the Food and Drug Administration and its scientists. “The FDA’s war on public health is about to end,” he wrote, decrying the agency’s “aggressive suppression” of such worthless anti-COVID nostrums as ivermectin and hydroxychloroquine. “If you work for the … Read more