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Kraft Heinz to divest its North American coffee business in $650 million deal
Kraft Heinz is selling its North American coffee business, including Maxwell House and Gevalia brands, to private equity firm One Rock Capital Partners for $650 million.
CVS Health plans to split itself up. Here’s why a breakup could make sense now
CVS Health announced plans to split into two publicly traded companies by mid-2028, separating its retail pharmacy business from its insurance and pharmacy benefit management operations after improving financial performance.
Shell expects refineries to almost double the profit from every barrel of fuel made
Shell forecasts record refinery profit margins of $42 per barrel in the third quarter, nearly double second-quarter levels, driven by global fuel shortages and Middle East disruptions.
E.ON Next deal to buy Ovo Energy leaves UK with just ‘big three’ energy suppliers
E.ON Next completed its acquisition of Ovo Energy, creating a market where three suppliers control nearly 90% of Great Britain’s household energy supply, raising competition concerns.
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‘Money out of politics’ proposal cleared for Michigan ballot
Michigan voters will likely decide in November whether to ban political spending by regulated utilities and large government contractors in state elections after petition signatures were certified.
DNC chair faces growing scrutiny amid financial pressure and internal turmoil
The Democratic National Committee faces mounting financial pressures and internal discord, with chair Ken Martin facing scrutiny over an HR inquiry and the committee’s deepening cash-flow crisis less than 100 days before November midterm elections.
Michigan progressive Abdul El-Sayed says ‘ogre’ remark not directed at rival
Michigan Democratic Senate candidate Abdul El-Sayed clarified that controversial “ogre” remarks were directed at Senator John Fetterman, not rival Haley Stevens, during a televised debate Monday.
US rare earths flow to Asia as domestic demand is slow to emerge
US rare earth producers backed by the Trump administration are exporting their output to Japan and South Korea as domestic American demand remains underdeveloped despite government efforts to build a national supply chain.
Headaches for Silicon Valley as China chips away at the US’s lead in the AI race
China’s AI startups are challenging US dominance with free, open-weight models, while Google faces delays and Silicon Valley workers organize against AI-driven job cuts.
TreeSize won’t renew perpetual-license support unless users subscribe
TreeSize’s developer JAM Software will no longer provide support or updates for perpetual licenses without a subscription, citing economic conditions and shifting toward subscription-based models.
Trump vows to investigate EU over fining of US tech companies
Trump announced an investigation into the EU and threatened tariffs over fines imposed on major American tech companies including Google, Apple, Meta, and Amazon.
Boss of startup hacked by rogue OpenAI agent urges ‘radical transparency’ in investigation
The CEO of Hugging Face, hacked by an OpenAI AI agent during testing, calls for transparent investigation and $100m in computing resources to build defenses against similar attacks.
Some people’s chats with Claude AI found publicly available online
Hundreds of public conversations with Anthropic’s Claude AI chatbot, some containing personal and work information, were found indexed by search engines before access was removed over the weekend.
Microsoft unveils AI security tools it says outperform competing platforms
Microsoft introduced new AI security tools designed to identify and reduce security vulnerabilities, claiming superior performance and lower costs compared to competing platforms.
X Money is launching in the US starting today
X Money, Elon Musk’s payment platform for the social media service, launched in the US today, offering digital wallets, peer-to-peer transfers, and a branded Visa card to Premium subscribers.
Hugging Face is being used to easily undress women and children
A nonprofit report found that Hugging Face’s image editing models readily comply with requests to create nonconsensual deepfakes of women and children, with minimal safeguards in place.