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European automakers facing commercial crisis are pivoting toward military vehicle production, with Ford, Renault, and Volkswagen bidding for defence contracts as rising geopolitical tensions prompt increased defence spending.
Texas, the nation’s largest oil producer, has emerged as a solar power leader, with farms now supplying roughly one-third of peak afternoon electricity demand across the state.
Skydance CEO David Ellison has named Ynon Kreiz, the outgoing CEO of Mattel, as co-CEO of the combined Paramount and Warner Bros. Discovery entity following the settlement of antitrust challenges.
Nike reported declining revenue and announced a restructuring plan involving layoffs beginning next year, sending shares down roughly 3% in extended trading.
Modern vehicles’ sophisticated technology is forcing repair shops to invest heavily in computers and software, with costs being passed to consumers as overall repair prices climb significantly faster than inflation.
Volatile fuel prices and persistent travel demand are driving higher airfares, but airlines face pressure on profits despite strong revenue growth. Jet fuel costs remain elevated due to geopolitical disruptions affecting supply.
