Industry

34 State Attorneys General Ask Court to Break Up Live Nation and Ticketmaster

A bipartisan coalition of 34 state attorneys general asks a federal judge to force Live Nation to divest Ticketmaster and select amphitheaters.

$LYV, #antitrust, #livenation, #ticketmaster, #law

U.S., Boeing and Lockheed Set Seven-Year Plan to Triple PAC-3 Seeker Production

U.S., Boeing and Lockheed set a seven-year framework to triple PAC-3 MSE seeker production, easing a key supply-chain bottleneck for Patriot interceptors.

$BA, $LMT, #defense, #patriot, #boeing, #lockheed

Warren Challenges OCC Over Crypto National Trust Charters

Sen. Elizabeth Warren requested OCC charter applications and legal analyses, arguing crypto trust charters let firms perform bank-like activities beyond legal limits.

$COIN, #crypto, #occ, #regulation, #elizabethwarren

GAO: DOE Nuclear Cleanup Office Lost One-Third of Staff Since FY2023, Now Faces 45% Vacancy Rate

GAO finds Energy Department’s cleanup office lost a third of federal staff since FY2023, leaving about 45% vacancies in mission-critical cleanup roles.

#doe, #nuclearwaste, #workforce, #environmentalcleanup, #gaoreport

Federal Reserve Terminates 2023 Cease-and-Desist Order on UBS and Credit Suisse

The Federal Reserve terminated its July 2023 cease-and-desist order related to the Archegos losses, closing a public enforcement case involving UBS and Credit Suisse.

$UBS, #creditsuisse, #ubs, #federalreserve, #archegos

SEC Moves to Rescind 2024 Climate-Disclosure Rule, Sends Proposal for White House Review

The SEC submitted a proposed rescission of its 2024 climate-disclosure rule to OIRA on May 4, signaling a formal move to undo the rule and reopen review.

#sec, #climate, #regulation, #disclosure

Samsung and Union Fail to Reach Deal After Mediation; 18-Day Strike Planned May 21

Post-mediation talks broke down May 13, raising the risk of an 18‑day strike at Samsung, a key player in global memory-chip supply chains.

#samsung, #labor, #semiconductors, #southkorea

Toyota posts higher sales and revenue in FY2026, but operating profit falls after U.S. tariffs cut ¥1.4 trillion

Toyota sold 9.595 million vehicles in FY2026 and revenue rose to ¥50.685 trillion, but operating profit fell after U.S. tariffs cut about ¥1.4 trillion.

$TM, #toyota, #earnings, #tariffs, #automotive

Teamsters launch ULP strike at Breakthru Beverage’s St. Louis distribution center, halting some deliveries

Teamsters say 100+ Breakthru Beverage drivers and warehouse workers in St. Louis have launched an unfair-labor-practice strike over contract disputes, halting some deliveries.

#labor, #teamsters, #breakthru, #stlouis

Coinbase to cut about 700 jobs, citing market weakness and an ‘AI era’ restructure

Coinbase will cut about 700 jobs—roughly 14%—and take $50–60M in restructuring charges amid weak crypto markets and a shift toward AI.

$COIN, #coinbase, #layoffs, #crypto, #restructuring

UK regulator confirms FCA probes into Mastercard, Visa and PayPal over digital wallet funding

The UK FCA confirmed antitrust investigations of Mastercard, Visa and PayPal over how PayPal’s digital wallet is funded and used; no findings yet.

$PYPL, $MA, $V, #antitrust, #payments, #paypal, #visa, #mastercard

Trump Grants Presidential Permit for Bridger Cross‑Border Pipeline; Project Still Faces Reviews and Legal Challenges

President Trump granted a permit April 30 for Bridger’s cross-border pipeline into Montana, but federal and state reviews and legal fights remain.

#pipeline, #energy, #montana, #environment, #infrastructure

DHL Teamsters Ratify Four-Year National Contract by 92%, Winning 20% Raises and AI Protections

Teamsters ratified a four-year national DHL deal, securing a 20% wage increase, higher benefits and explicit safeguards against AI routing and autonomous vehicles.

#labor, #teamsters, #dhl, #union, #ai

Bank of Canada study: Canadian ports' global connectivity fell sharply from 2016 to 2023

Bank of Canada staff research finds a 28% drop in deadweight tonnage through Canadian ports and a marked fall in maritime network connectivity from 2016–2023.

#canada, #shipping, #trade, #bankofcanada, #ports

After Spirit: which ULCC carries the same balance sheet?

Spirit's collapse was structural, not unique. Reading the FY2025 10-Ks of JBLU, ULCC and ALGT side by side, Frontier's debt amortisation profile and 2025 cash burn are closest to the pattern.

$SAVE, $JBLU, $ULCC, $ALGT, #spirit-airlines, #jetblue, #frontier, #allegiant, #ulcc, #airlines, #bankruptcy, #sec-analysis, #sec-filings, #industry