. This is largely due to the strong demand seen in the US, caused by economic recovery and the generally mild winter. Although the conflict in the Middle East could potentially disrupt the global energy market, the US already has ample supplies of crude and is unlikely to be affected. Additionally, US oil companies have significant domestic investments that can help them to outlast any disruption in the Middle East.
On June 29th, 2020, the Supreme Court declined to hear a case that sought to challenge the FDA’s authority to reject flavored e-cigarettes. The case was brought by makers of the flavored products, who argued that FDA regulations were out of step with the law. The Court’s decision not to take the case will allow […]
Kraft Heinz Co. has appointed Miguel Patricio as its new chief executive officer, hoping to turn around the fortunes of the iconic food giant after it has struggled due to higher prices and changing consumer habits. Patricio comes to Kraft Heinz from Anheuser-Busch InBev SA, where he was the global chief marketing officer. He is […]
WeWork, the office-sharing company once valued at $47 billion, filed for bankruptcy protection on Thursday. The company, which rents desks and office space to small businesses, startups, and freelancers, lists $7 billion in liabilities, including outstanding debt of $4.6 billion. The filing came after SoftBank, WeWork’s largest investor, pulled its offer of a $3 billion […]