Business

Costco Wholesale Corporation is steadfastly maintaining its Diversity, Equity, and Inclusion (DEI) initiatives despite facing challenges from shareholders and contrasting decisions by other major corporations.

CNN, a division of Warner Bros. Discovery, plans to lay off hundreds of employees this week as part of a strategy to refocus its business around a global digital audience, according to a CNBC report on Wednesday.

A recent report from the U.S. Government Accountability Office (GAO) highlights key vulnerabilities in the infant formula supply chain and suggests reforms to prevent future shortages. This comes after a 2022 formula crisis left families across the nation struggling to access an essential source of infant nutrition.

In the final days of President Joe Biden’s administration, federal officials unveiled a proposal to reduce nicotine levels in cigarettes, a move aimed at curbing addiction and reducing smoking rates. The Food and Drug Administration (FDA) has been working on this initiative for years, marking a significant step in tobacco regulation.

Apple's board of directors is urging its shareholders to vote against a proposal that would end its diversity, equity and inclusion (DEI) efforts.

A recent data breach involving location data company Gravy Analytics has uncovered widespread exploitation of mobile apps to harvest sensitive user location data. Apps ranging from popular games like Candy Crush to prayer and fitness apps have reportedly been used to collect location data, often without the knowledge of users or even the app developers themselves.

Investment company BlackRock announced that it exited the United Nations-supported Net Zero Asset Managers Initiative.

Stock prices for major alcohol manufacturers and distributors fell Friday morning following a new advisory report from Surgeon General Vivek Murthy. The report called for Congress to mandate cancer risk warning labels on all alcohol products, citing its role as the third leading preventable cause of cancer in the United States.

Egg production dropped 4% in November amid bird flu fears, Fox Business reported, noting that the price of eggs has also increased.

Tesla, under Elon Musk’s leadership, replaced thousands of laid-off American workers with foreign employees on H-1B visas, according to reports from employees and data from the U.S. Department of Labor. The layoffs earlier this year affected approximately 15,000 U.S. workers, primarily in Tesla’s Texas and California operations.