Dick's Sporting Goods will stop selling assault-style weapons in its stores, effective immediately. The sports retailers also will not sell guns to anyone under the age of 21, regardless of local laws. The announcement came from Dick's CEO Ed Stack on Wednesday morning, exactly two weeks after the Parkland school shooting. He said even though the company supports the Second Amendment, they "don't want to be a part of this story."
Amazon is buying video doorbell company Ring in a deal worth $1 billion. That would make this acquisition the second largest ever in Amazon's history, right behind Whole Foods. The e-commerce giant is working on a plan that would allow people delivering Amazon packages entrance inside of an individual's home.
Get ready for "The Fresh Princess of Bel Air." TMZ reports the company that owns the rights to Will Smith's hit 90's sitcom is in advanced talks to reboot the beloved show with a woman in the lead role.
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
