Beyond Meat’s $4 Billion Rival Is in Fresh Funding Talks

Impossible Foods Inc., maker of the eponymous soy-based burger, has been in talks with investors about raising more funds after receiving excess demand for a $500 million funding round in March, according to people familiar with the matter. The firm has held initial talks with potential investors including some Chinese funds, said the people, who asked not to be identified […]

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NBCUniversal’s Cost-Cutting Push to Include Significant Job Cuts

NBCUniversal’s aggressive plan to streamline the media business during the coronavirus crisis will include job cuts, according to a person familiar with the situation. Jeff Shell, who runs the Comcast Corp. division, said this week that he was seeking ways to cut costs, saying NBCUniversal would ultimately emerge as a “a different company.” Headcount could be significantly reduced in the […]

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Kim Jong Un Photos Hold Few Clues to Mysterious 20-Day Absence

Kim Jong Un’s first public appearance in almost three weeks sent analysts poring over the few photos released by North Korean media for clues about his mysterious absence. Propaganda reports Saturday about Kim’s visit to a fertilizer factory northeast of Pyongyang didn’t make the slightest allusion to the global speculation about his health in recent weeks. That left observers to […]

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Sexual Assault Advocates Expected More From Joe Biden

The hashtags “I Believe Biden” and “I Believe Joe” were trending online Friday morning following Joe Biden’s first public denial of Tara Reade’s sexual assault allegation against him. The former vice president released a statement and later appeared on “Morning Joe” in a combative interview with Mika Brzezinski. “It is not true,” Biden told Brzezinski of Reade’s accusation that she […]

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Trump Plans To Attend Mount Rushmore’s July 4th Fireworks Show

President Donald Trump is planning to attend Mount Rushmore’s annual Independence Day celebration to watch the newly reinstated fireworks show that will be held on July 3. Trump told conservative radio host Dan Bongino on Friday that he was planning to see the fireworks show, which hasn’t been held at South Dakota’s Mount Rushmore National Memorial since 2009. “For 20 […]

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Greenlight’s Einhorn Exits GM, Doubts Tesla Board’s Independence

Hedge fund manager David Einhorn summed up a five-year investment in General Motors Co. as “a disappointment” and criticized Tesla Inc. for the second time in as many days. Greenlight Capital exited GM because the coronavirus pandemic has eliminated any chance the carmaker will do a minimal share repurchase this year, Einhorn wrote in a letter to investors Friday. A […]

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No Matter the Pandemic, Department of Education Still Seizing Wages From Student Loan Borrowers, Suit Clams

Education Secretary Betsy DeVos has continued the practice of garnishing the wages of student loan borrowers who are in default, according to a lawsuit filed on Thursday. The suit, brought by a New York woman on behalf of about 285,000 borrowers, claims that DeVos and her department have not halted collection practices even though the secretary made an official announcement, […]

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Elon Musk busts a move in Shanghai

New York (CNN Bueiness)Tesla’s stock price dropped sharply Friday, minutes after CEO Elon Musk tweeted “Tesla stock price is too high, IMO.” Tesla’s stock had been trading at about $760 a share then, after Musk’s 11:11 am Tweet, plummeted to below $700 a share within minutes before rebounding slightly. By midday, the stock was down 8%. The tweet came amidst […]

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