President Donald Trump signed an executive order on Monday to encourage domestic prescription drug manufacturing and cut down on the time it takes to approve U.S. pharmaceutical plants. Under the order, the Food and Drug Administration is directed to eliminate unnecessary requirements, streamline reviews and work with domestic drugmakers to…

SaferWatch, a security platform designed to enhance emergency response across public and private institutions, has seen a surge in inquiries from Fortune 500 companies looking to boost protection for their C-suite executives and families.  The heightened interest started almost immediately after UnitedHealthcare CEO Brian Thompson was gunned down in New…

Rite Aid has filed for bankruptcy for the second time in less than two years. The drug store chain announced Chapter 11 proceedings on Monday, stating in a press release that they are “pursuing a strategic and value-maximizing sale process for substantially all of its assets.””For more than 60 years,…

Barbie maker Mattel announced it is raising prices on some of its toys and “further reducing reliance on China-sourced products” as the company navigates a “volatile macro-economic environment and evolving U.S. tariff landscape.”  The California-based toymaker imports about 20% of its goods sold in the U.S. from China, according to…

New data from the Internal Revenue Service (IRS) shows the size of the average tax refund received by taxpayers is up from a year ago. IRS data for the 2024 tax filing season through the week that ended on April 25 showed the average tax refund amount is up 3.3% from last…

DoorDash will purchase British rival Deliveroo for $3.85 billion, the companies announced on Tuesday after resuming negotiations last month. Deliveroo was approached by DoorDash with a 180 pence per share proposal, which was confirmed as the final offer, boosting Deliveroo by about 2% to 175.6 pence per share.Previous talks had…

OpenAI is shaking up its corporate structure to bring in new investors and accelerate the development of artificial general intelligence (AGI). During a Monday press call, OpenAI announced it is converting its subsidiary limited liability company (LLC) into a public benefit corporation (PBC). This will allow the nonprofit OpenAI to…

Treasury Secretary Scott Bessent on Monday said at an investor conference that President Donald Trump’s policies will drive economic growth. Bessent delivered remarks at the Milken Institute Global Conference and participated in a question-and-answer session with Chairman Michael Milken, in which he touted the administration’s progress in the more than three…

Some companies have been adjusting their workforce as they simultaneously embrace artificial intelligence and automation more, according to Forbes. The outlet reported over the weekend that Duolingo, UPS, Klarna, Cisco and Inuit are among some of the firms that have demonstrated that trend.Duolingo recently said it was striving to be “AI-first,”…

A damning report has found that air traffic controllers briefly lost radar and radio signals while guiding planes to Newark Liberty International Airport in New Jersey last week. Bloomberg first reported on Monday that air traffic controllers lost signal for nearly 90 seconds on April 28, shortly before the airport…