PepsiCo said it will cut nearly 20% of its product offerings and lower prices as part of a new plan shaped by activist investor Elliott Investment Management.
SpaceX is reportedly preparing for a mid-to-late 2026 IPO that aims to raise $30 billion at a staggering $1.5 trillion valuation, according to Bloomberg.
Sony Pictures and private equity firm Apollo Global Management have officially expressed their interest in acquiring Paramount Global for about $26 billion.
Following the collapse of The Francis Scott Key Bridge in Baltimore in March, the bridges insurance company is set to pay $350 million to the state of Maryland.
