Albertons is buying a big portion of Rite Aid in a deal valued at $24 billion. Last year, Walgreens also reached a deal to buy part of Rite Aid. This comes as many traditional retailers are joining forces to compete with Amazon, which is shaking up nearly every industry.
Elon Musk's Boring Company is one step closer to making the Washington to New York City hyperloop a reality. Musk was granted a preliminary permit for the Washington part of the hyperloop. While this doesn't mean work can start immediately, it's a good sign for the Boring Company. Musk has said the hyperloop will transport people from DC to New York in just 29 minutes.
"Black Panther" smashed box office records in its opening weekend. The film raked in more than $235 million dollars in ticket sales. Us Weekly's Emily Longeretta says the stars were all aligned to make "Black Panther" a success, including a mostly black cast, a great storyline, and strong female characters. The cultural moment we're going through as a country also played a role in the film's success, according to Longeretta.
Plus, we're joined by Jason Brown, the CEO of the start-up subscription service Vitamin Packs. The company ships personalized vitamins to your door every month. Brown says the service is growing fast. Vitamin Packs just recently shipped out its 5000th order.
Some small grocery stores and neighborhood convenience stores are eager for the U.S. government shutdown to end and for their customers to start receiving federal food aid again. Late last month, the Trump administration froze funding for the SNAP benefits that about 42 million Americans use to buy groceries. The U.S. Department of Agriculture says about 74% of the assistance was spent last year at superstores like Walmart and supermarkets like Kroger. Around 14% went to smaller stores that are more accessible to SNAP beneficiaries. A former director of the United Nations World Food Program says SNAP is not only a social safety net for families but a local economic engine that supports neighborhood businesses.
Andy Baehr, Head of Product at CoinDesk Indices, breaks down crypto’s Black Friday crash, Bitcoin dipping under $100K, and what’s driving the market rout.
Billionaire Warren Buffett warned shareholders Monday that many companies will fare better than his Berkshire Hathaway in the decades ahead as Father Time catches up
Chris Marquette of POLITICO breaks down how the FAA is cutting flights and facing a critical shortage of air‑traffic controllers amid the government shutdown.
Dr. Manuele Aufiero, CEO & Co‑Founder of Sizable En a groundbreaking undersea energy‑storage technology powering the global shift to clean, scalable power.
Paul Fipps, President of Global Customer Operations at ServiceNow, breaks down the company’s earnings beat, 5‑for‑1 stock split and booming enterprise AI demand
