Virgin Galactic is set to launch its first spaceflight in nearly two years on Thursday. Called Unity 25, the mission represents the company’s fifth spaceflight to date and is the first since founder Sir Richard Branson’s launch to the far reaches of space. This is a crucial moment in the history of Virgin Galactic, which … Read more
Bankrupt rocket company Virgin Orbit sold its assets and equipment to Rocket Lab, Stratolaunch and Vast’s Launcher in a bankruptcy auction, and will cease operations. Virgin Orbit filed for bankruptcy protection on April 4 after the company failed to secure a funding lifeline and laid off nearly all of its workforce. Spun off from Virgin … Read more
Netflix said it has started alerting customers that their days of sharing passwords are over. In an email to members, the streamer said, “Your Netflix account is for you and the people you live with – your home.” Members can transfer the profile of someone outside their household so that person can start a self-paying … Read more
Peloton unveiled a new marketing strategy designed to capture new customers. The company is introducing a new tiered pricing structure for its digital app which includes a free membership option. “(We) are now leaning for the first time on the idea that OK, not everyone is going to bring high-end Peloton hardware into their house,” … Read more
A Lowe’s Home Improvement Warehouse employee retrieves carts from a parking lot on August 17, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images Lowe’s cut its full-year outlook on Tuesday as lumber prices fell and DIY customers bought fewer discretionary items. It lowered its forecast even as it beat Wall … Read more
A Lowe’s Home Improvement Warehouse employee retrieves carts from a parking lot on August 17, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images Lowe’s cut its full-year outlook on Tuesday as lumber prices fell and DIY customers bought fewer discretionary items. It lowered its forecast even as it beat Wall … Read more
Paramount plans to launch its combined Paramount+ and Showtime streaming services in the United States on June 27. Paramount+ with Showtime’s premium tier will increase from $9.99 to $11.99, while its cheapest tier without Showtime content will increase from $1 to $5.99. The company will end its standalone Showtime app, as well as the renaming … Read more
Weight-loss drugs have become a hot topic as public health authorities and pharmaceutical companies seek solutions to the growing global obesity epidemic. Florian Gaertner | Photo library | Getty Images An oral drug made by Pfizer causes similar weight loss and works faster than Novo Nordisk’s blockbuster injection, Ozempic, according to results from a phase … Read more
Ford Motor makes its case to Wall Street at an investor event on Monday. Ford CEO Jim Farley kicked off the day by discussing the company’s growth plans for its gasoline, fleet and electric business units. Profitably balancing the shift from traditional motor vehicles to electric vehicles is an increasingly difficult challenge for traditional automakers … Read more
Ford Motor on Monday announced a series of new agreements for the supply of lithium products in support of its plan to dramatically increase production of electric vehicles. The automaker said it plans to produce 2 million electric vehicles a year by 2026. The company is expected to outline its path to achieving that goal … Read more
