Chevron CEO Mike Wirth on Monday said that shortages in the oil supply chain will start appearing around the world because of the closure of the Strait of Hormuz amid the Iran war. Wirth made the comments during a discussion at the Milken Institute’s Global Conference about global economic growth…

The U.S. Food and Drug Administration on Tuesday authorized the marketing of fruit-flavored e-cigarettes, marking the first time it has authorized fruit-flavored vaping products. The FDA said the products are pods made by Los Angeles-based Glas Inc., a vaping manufacturer that uses age-verification technology to restrict access.The pods come in…

A baby formula brand has recalled three batches after a toxin was discovered, according to the U.S. Food and Drug Administration (FDA). According to the FDA’s report on Saturday, The a2 Milk Company (a2MC) voluntarily recalled its imported a2 Platinum Premium USA label infant formula for children between 0 and…

An investment banker is offering up about $8 million in Bay Area real estate, including a nearly $5 million house, in exchange for stock options for AI giant Anthropic ahead of the company’s potential initial public offering (IPO). Storm Duncan, the founder of tech investment bank Ignatious, is proposing a…

Project Freedom to have the United States Navy open up the Strait of Hormuz for commercial vessels and most importantly oil supertankers is on its own merits a terrific idea. And according to analysts, the Navy has charted a pathway to Oman, away from Iran and fortified by military protection.…

Citadel founder and CEO Ken Griffin described New York City Mayor Zohran Mamdani’s “tax the rich” video targeting him as a “creepy and weird” political advertisement. Speaking at the Milken Conference in Los Angeles on Tuesday, Griffin said Mamdani’s “frightening” video reaffirmed his decision to “double down” on business in…

U.S. financial regulators are proposing to switch required filings for publicly traded companies from quarterly reporting to semiannual. The Securities and Exchange Commission on Tuesday released its amended proposal for optional semiannual reporting for companies on Wall Street. SEC officials say the change in frequency of reporting won’t impact the…

In an exclusive interview on FOX Business’ “The Claman Countdown,” IBM Chairman and CEO Arvind Krishna issued a direct warning to Washington: Finding the “Goldilocks” middle ground on artificial intelligence regulation is essential to maintaining American dominance. “Look, I think we live in a regulated world and that is good…

A lawyer for Spirit Airlines said Tuesday that the surge in jet fuel prices left the company with “no remaining way out” of bankruptcy and caused it to cease operations last weekend, while it seeks permission to sell assets on an ongoing basis and pay bonuses to remaining employees. Marshall…

The Trump administration on Tuesday announced that it had reached new agreements with Microsoft, Google DeepMind and Elon Musk’s xAI to expand collaboration with Big Tech companies in researching artificial intelligence (AI) and security. The Center for AI Standards and Innovation (CAISI), which is part of the Commerce Department’s National…