American car manufacturer General Motors intends to transition its heavy-duty pickup factory in Michigan to six-day shifts beginning in June due to heightened demand for these vehicles, the company stated. The facility that manufactures Chevrolet Silverado and GMC Sierra trucks currently runs three shifts, five days each week. A United Auto Workers representative informed The Wall Street Journal...

Pharmaceutical firm Eli Lilly and biotech startup Insilico Medicine have signed a deal valued at up to $2.75 billion. Eli Lilly and Insilico have decided to partner on drug development, utilizing Pharma.AI, the firm's AI-driven biotech platform. Lilly will gain exclusive rights to create, produce, and market the medications. Insilico anticipates an initial payment of $115 million, followed by...

Billionaire Leonid Radvinsky, owner of OnlyFans and ranked No. 870 on the Forbes Global Billionaires list with a net worth of $4.7 billion as of March 23, has passed away at 43 years old, according to a company statement reported by Bloomberg. "We are profoundly grief-stricken by the news of Leo Radvinsky's passing. Leo peacefully departed after a prolonged fight against cancer," the organization...

For the second consecutive year, McDonald's Corp. has been recognized as the most valuable restaurant brand globally, as per a study conducted by the consulting firm Brand Finance. The fast-food chain's worth rose 5% from the previous year to reach $42.6 billion. Starbucks maintained its second position (increased 4% to $37 billion). KFC, a fast-food chain specializing in chicken, held the...

Scandinavian Airlines (SAS) is calling off more than 100 flights this week because of elevated fuel costs tied to the conditions in the Middle East, reports NRK. "Considering the present circumstances in the Middle East, along with the swift and significant rise in global fuel costs, we are presently implementing actions to enhance our resilience," Øystein Schmidt, communications chief at SAS...

A shareholder of Intel Corporation has initiated a legal action alleging that the company's leadership transferred a 10% ownership stake to the U.S. government. The lawsuit claims this decision was driven by concerns among the CEO and board members about potential personal threats from the Trump administration. A shareholder's lawsuit claims that Intel's agreement with the US government,...

The German car manufacturer Bayerische Motoren Werke (BMW) announced a slight drop in pre-tax earnings and revenue for 2025 and predicted a revenue decrease in 2026 because of import tariffs in the US. BMW announced that its annual group revenue declined by 6.3% to €133.45 billion, down from €142.38 billion the previous year. Pre-tax earnings dropped 6.7% to €10.24 billion, and net earnings...

According to Bloomberg, citing sources, Hong Kong authorities conducted searches at the offices of financial firms Citic Securities Co. and Guotai Junan International Holdings Ltd. Sources indicate that the searches focused on divisions engaged in stock trading. At least one high-ranking executive was called in for interrogation. The reason behind the searches has not been revealed. Bloomberg...

Universal Music Group (UMG), the world's largest record label, has stated that it is putting on hold its intention to go public on the US stock market, stating that current market conditions are a key factor in this decision. The company's current market value is lower than its actual worth due to uncertainty in the market.  An update regarding the listing plans will be given if there are...