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The Latest Breaking News on Business

San Francisco Sues Coca-Cola, Kraft Heinz, and 8 Food Giants Over 'Addictive' Products

In one of the most aggressive legal moves ever taken by a U.S. city against the food industry, San Francisco City Attorney David Chiu filed a landmark lawsuit in San Francisco Superior Court, accusing ten of America's most powerful food and beverage manufacturers of knowingly engineering a public health crisis.

Medical Daily

Eli Lilly Wins Back CVS Health, Reverting Novo's Advantage

Eli Lilly and Company just secured a big win as it looks to expand GLP-1 access, mending its partnership with top pharmacy benefit manager CVS Health.

MarketBeat

Seven states sue Trump administration over offshore wind project deal

The states contend the deal will harm their states’ economies, energy grids and climate goals

The Independent UK

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Short seller Andrew Left convicted of securities fraud

A federal grand jury in California has convicted short seller Andrew Left of securities fraud

AAP

1 in 5 Americans wait until reaching a breaking point to get help with credit card debt

Consumers are facing more than $1 trillion in credit card debt

The Independent UK

Victoria's Secret & Co. Q1 Earnings Call Highlights

Victoria's Secret & Co. (NYSE:VSCO) reported a stronger-than-expected first quarter of fiscal 2026, with management citing broad-based growth across Victoria's Secret, PINK and Beauty, stronger customer acquisition and benefits from a more disciplined promotional strategy. Chief Executive Offic

MarketBeat

Pizza sold at Costco and Walmart across US recalled over salmonella risk

The pizza product contained a dry milk powder that was recalled in the US in April

The Independent UK

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Grayscale's Hyperliquid ETF Is Almost Here. What It Actually Means for HYPE's Price.

Six Amendments Later, Grayscale Is Finally Ready to Launch

International Business Times

Amazon's Ring sued over facial recognition feature, latest privacy concern for doorbell maker

A Virginia resident is suing Amazon for privacy violations, alleging its Ring doorbell cameras, specifically the "Familiar Faces" feature, collect and store facial recognition data of passersby without consent. The class-action lawsuit seeks at least $5 million in damages, highlighting ongoing privacy concerns surrounding Ring's technology and its partnerships.

The Economic Times

Trump's Cotton Bailout Is Another Sign His Tariffs Aren't Working

The Great American Cotton Plan will shell out millions in taxpayer funds, continuing the Trump administration’s pattern of paying off industries harmed by the president’s economic policies.

Reason

Tech billionaires are spending unprecedented sums in California races. Experts say it’s the tip of the iceberg

From Google co-founder Brin spending $82m to fight a billionaire tax to Google and Meta funding a joint Super Pac, Silicon Valley is engaged in an existential fight for its political power at home

The Guardian - US

Remote work blamed for rise in unemployment rate for recent college grads

These findings align with the current ‘low-hire, low-fire’ state of the job market

The Independent UK

PayPal CEO Unveils AI Reset, $1.5B Savings Plan at Bernstein Conference

PayPal (NASDAQ:PYPL) President and CEO Enrique Lores outlined a broad operational and technology reset for the payments company at Bernstein’s 46th Annual Strategic Decisions Conference, saying the company has substantial opportunities to simplify its structure, modernize its technology platform and

MarketBeat

Google owner Alphabet to sell $80bn in stock to fund AI spending spree

Markets take note as world’s biggest equity fundraiser bids to garner more money than the three biggest-ever IPOs combined

The Guardian - UK

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InsideEVs

Tesla Is Selling Discounted Used Cybertrucks Now

The cheapest used Cybertruck in Tesla’s inventory is less than $67,000. Is that enough to convince buyers, though?

The Economic Times

AI bubble or boom? Warren Buffett's Berkshire Hathaway invests another $10 billion in Google's parent, Alphabet

Berkshire Hathaway has agreed to invest $10 billion in Alphabet through a private placement as part of the Google parent’s $80 billion fundraising plan focused on AI expansion. The move deepens Berkshire’s exposure to artificial intelligence and signals confidence in Alphabet’s long-term growth despite ongoing debates over AI valuations.

The Economic Times

Bitcoin hits 7-week low near $70K amid escalating US-Iran tensions, early $744 million liquidated in 24 hours

Bitcoin prices crashed to near the $70,000 mark, hitting a seven-week low as escalating US-Iran tensions triggered risk-off sentiment across global markets. More than $744 million in crypto positions were liquidated in 24 hours, while ETF outflows and weakening market sentiment added pressure on the world's largest cryptocurrency.

The Conversation

‘Utter disregard for the risk to human life’: Florida sues OpenAI and Sam Altman over AI safety

The US state of Florida has filed a lawsuit against OpenAI and Sam Altman, alleging the tech giant and its CEO put profit over public safety with its flagship artificial intelligence (AI) product, ChatGPT.

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news in one place.

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The Economic Times

Trump administration proposes 25% tariff to punish Brazil over trade practices

The United States is proposing a 25% tariff on many imports from Brazil. This action follows an investigation into unfair trade practices. Issues include digital trade and illegal deforestation. The tariffs will not affect certain goods like beef and coffee. Public hearings are scheduled for July. This move could impact…

The Times of India

Did ChatGPT put children at risk? Why Florida has sued OpenAI and Sam Altman

Florida has sued OpenAI and CEO Sam Altman, alleging they knowingly marketed ChatGPT despite risks to children and the public. The lawsuit claims the company prioritized growth over safety, failing to implement safeguards for minors and contributing to harm, including self-harm and criminal planning. OpenAI disputes these allegations, citing its…

Android Central

The launch date for Google's 'Home Speaker' might've broken cover

A retailer's online listing for the Google Home Speaker seemingly revealed its mid-June launch date.

The Economic Times

Alphabet plans to raise $80 billion for AI goals, Berkshire to invest $10 billion

The deal brings in Warren Buffett's diversified holding company as a major new investor, adding a high-profile endorsement of Alphabet's long-term AI and cloud ‌strategy.

The Independent UK

Warren Buffett’s successor reshapes empire with $10 billion AI gamble

Berkshire Hathaway’s new CEO Greg Abel started the week by inking a deal to acquire homebuilder Taylor Morrison for $6.8 billion, and he's followed that up on with a $10 billion investment in Google's parent company

The Economic Times

Oil steadies as uncertainty over US-Iran talks keeps markets on edge

Oil prices held steady Tuesday amid uncertainty surrounding U.S.-Iran ceasefire talks and the potential reopening of the Strait of Hormuz. Brent crude futures edged up, while WTI saw a slight dip. Market analysts emphasize that ongoing negotiations and Iran's threats regarding the Strait will dictate oil price volatility.

Fortune

The automation illusion: Why AI is making COOs' jobs harder, not easier

The executives responsible for keeping the world's biggest companies running thought AI would simplify their jobs. They were wrong.

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