Your Next Ride Could Be in the Sky! Uber and Joby Partner for Air Travel
Joby & Uber expand their partnership to bring Blade flights to the Uber app as soon as next year.
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RaceTrac Acquires Potbelly for $566 Million
RaceTrac will acquire Potbelly for $566 million, at $17.12 per share, in an all-cash transaction. The deal, expected to close in Q4 2025, will add the iconic sandwich shop to RaceTrac's portfolio of convenience-driven brands.
Chewy's Paradox: Profit Decline Amidst Sales Growth and Customer Surge
Chewy's Q2 sales hit $3.1B, up 8.6% (consensus $3.08B), and customers grew to nearly 21M. Reported profit dropped to $62M due to $79.1M in share-based compensation. Outlook raised.
Fifth Third Bancorp Discloses Major Fraud, Faces $200 Million Hit
Fifth Third Bancorp expects a $170-$200M impairment charge in Q3 2025 due to alleged fraud at commercial borrower Tricolor, a subprime auto lender. This "surprising negative" impacts confidence in risk management.
FDA Fast Tracks Promising Immunotherapy Greenwich's GLSI-100 for Breast Cancer Recurrence
FDA Fast-Tracks GLSI-100, an immunotherapy for HER2+ breast cancer. It aims to prevent recurrence in HLA-A*02 patients. Early data showed >80% reduction in recurrence & good safety. Now in Phase III, it could save lives by preventing metastatic spread.
Oracle's AI Cloud Takes Off: A Closer Look at Record Growth
Oracle shares surged as its backlog (RPO) hit a record $455B, up from $138B, due to massive AI cloud demand and multi-billion dollar contracts. CEO Catz expects RPO to exceed $500B soon. OCI revenue is projected to grow 77% this year to $18B.