PepsiCo announced Monday that it will cut prices, streamline its product portfolio, and shift toward simpler, more functional ingredients as part of a sweeping operational overhaul negotiated with Elliott Investment Management, the activist hedge fund that recently acquired a $4 billion stake in the company. Under the agreement, PepsiCo will eliminate nearly 20% of its […]
Eileen Higgins, a Democrat and former Miami-Dade County commissioner, won the Miami mayoral runoff on Tuesday in what observers are calling one of the most significant political upsets in Florida in years. Her victory ends a decades-long Republican hold on the mayor’s office and signals renewed Democratic energy in a state where the GOP has […]
Jimmy Kimmel will continue hosting Jimmy Kimmel Live! through at least 2027 after signing a new one-year contract extension with Disney’s ABC Network. The extension, first reported by Bloomberg and later confirmed by ABC, ensures that Kimmel — already one of the longest-running late-night hosts in U.S. television history — will remain on the air […]
A newly published Amnesty International report alleges severe and systemic mistreatment of migrants at Florida’s state-run Everglades detention facility—nicknamed “Alligator Alcatraz”—as well as at the privately operated Krome North immigration processing center in Miami. The findings, based on interviews with detainees, advocacy groups, and an onsite visit to Krome, describe conditions that Amnesty says amount […]
A federal judge in Manhattan has granted the U.S. Justice Department’s request to unseal grand jury transcripts and related materials from Ghislaine Maxwell’s sex-trafficking case, acting under a newly enacted federal law requiring greater public access to records related to Jeffrey Epstein. Judge Paul A. Engelmayer’s ruling marks a significant, though measured, step toward fulfilling […]
The U.S. Department of Transportation (DOT) has waived the final $11 million portion of a civil penalty previously levied against Southwest Airlines for its massive operational breakdown during a severe winter storm in December 2022. The waiver affects part of a $35 million payment the airline owed to the U.S. Treasury under a 2023 settlement […]
Waymo, Alphabet’s autonomous ride-hailing subsidiary, is preparing to file a voluntary software recall after a series of incidents in which its driverless taxis reportedly illegally passed stopped school buses. The move follows a growing federal investigation by the National Highway Traffic Safety Administration (NHTSA), which opened an inquiry in October after a media report showed […]
A coalition of more than 230 environmental organizations has called for a national moratorium on new datacenters in the United States, reflecting intensifying concern over the rapid expansion of artificial intelligence infrastructure. Groups like Greenpeace, Friends of the Earth, and Food & Water Watch argue that datacenters — essential for AI, cloud computing, and cryptocurrencies […]
Overview & Key Points The article reports that China’s trade surplus has surpassed $1 trillion for the first time in the first 11 months of the year, driven by stronger exports to non-U.S. markets as firms work around sharply higher U.S. tariffs under President Donald Trump. In November alone, China recorded a $111.68 billion monthly […]
A federal grand jury in Norfolk, Virginia, delivered a significant setback to the Department of Justice on Thursday by declining to indict New York Attorney General Letitia James on alleged mortgage fraud charges. The decision comes only ten days after a federal judge dismissed an earlier indictment—not on evidentiary grounds, but due to the unlawful […]