Author: Grace Johnson

New leadership aims to revive falling salesDiageo, the world’s largest drinks company, has named former Tesco chief executive Sir Dave Lewis as its new leader. He will take over on 1 January, following the summer resignation of Debra Crew, who left after two years at the helm. The move signals Diageo’s effort to reverse falling sales and restore investor confidence. While Guinness continues to perform well, other brands in the portfolio have struggled, pushing shares to a 10-year low. News of the appointment lifted shares by 7% in early Monday trading. Global brands face pressure in key marketsDiageo owns iconic…

A ferocious super typhoon has struck the Philippines, unleashing powerful winds and relentless rain. Authorities warn of “life-threatening conditions” as the storm sweeps across the country’s largest and most populated island. Bicol Region Faces First Devastation Typhoon Fung Wong, with sustained winds of 185 km/h, is battering multiple provinces, according to the national weather agency Pagasa. The eastern Bicol region was the first to take the storm’s full force early Sunday morning. Luzon, the country’s main population center, is expected to experience the heaviest impact by nightfall. Locally called Uwan, Fung Wong arrives just days after Typhoon Kalmaegi caused widespread…

The U.S. government has reached a major agreement with pharmaceutical companies Eli Lilly and Novo Nordisk to lower the cost of popular weight-loss and obesity drugs. The initiative aims to make these treatments more affordable and accessible to millions of Americans. Under the deal, patients can expect reduced out-of-pocket expenses and broader insurance coverage for these medications. Health experts say this move could significantly increase the number of people able to benefit from effective weight-management treatments. The agreement highlights a growing focus on addressing obesity, which affects millions of Americans and contributes to serious health conditions like diabetes, heart disease,…

Air travel across the United States plunged into disruption on Friday as more than 5,000 flights were cancelled or delayed. The chaos followed federal orders forcing airlines to reduce schedules amid the ongoing government shutdown. The rules, applied at 40 of the nation’s busiest airports, aim to relieve pressure on air traffic controllers and other essential federal employees still working without pay. Many have been missing shifts or taking second jobs to make ends meet as the shutdown stretches into its second month. The Federal Aviation Administration (FAA) issued an emergency order cutting flights by 4%, warning reductions could rise…

Tesla investors have approved a record-breaking compensation plan for Elon Musk that could reach nearly $1 trillion. The deal, backed by 75% of votes at Thursday’s annual meeting, drew loud applause and excitement from attendees. Musk, already the world’s richest individual, must dramatically increase Tesla’s market value over the next ten years to unlock the full payout. If he achieves all performance targets, he will receive hundreds of millions of new Tesla shares. Critics have called the plan excessive, but Tesla’s board insisted the company cannot risk losing Musk’s leadership. Musk celebrates on stage in Austin After the vote, Musk…

President Donald Trump faced tough questioning at the Supreme Court on Wednesday over his sweeping tariffs, in a case that could redefine the limits of presidential power and reshape U.S. trade policy. Several conservative justices expressed skepticism about the administration’s defense, which claimed the tariffs were necessary to revive American manufacturing and reduce the trade deficit. Small businesses and multiple states challenged the measures, arguing the president exceeded his authority by imposing what they called an unlawful tax. The Supreme Court, with its 6–3 conservative majority, typically takes months to issue major rulings, but many expect a faster decision due…

U.S. healthcare startup Tala Health has closed $100 million in seed financing, reaching a valuation of $1.2 billion. The company develops an AI-enabled care platform that streamlines symptom triage, referrals, and follow-up, aiming to transform healthcare delivery through technology. Tala Health’s platform uses artificial intelligence to assess patient symptoms, recommend care pathways, and connect patients with the right providers. By automating these processes, the system reduces administrative burdens, improves patient outcomes, and speeds up access to care. The new funding will accelerate product development, expand the team, and support broader market adoption. Tala Health plans to enhance its AI algorithms,…

Tesla approaches a historic moment in corporate history. Ahead of Thursday’s annual general meeting, the company has launched a high-profile campaign to persuade shareholders that Elon Musk deserves a $1 trillion pay package. Digital ads highlight his accomplishments, while Votetesla.com features board chair Robyn Denholm and director Kathleen Wilson-Thompson praising Musk as dramatic music plays. Investor opinion remains split. The meeting in Austin, Texas, could become a referendum on Musk’s leadership. His political statements and unpredictable behavior have made him one of the most polarizing figures in modern business. On X, the platform he owns, Musk warned that Tesla’s success…

A nationwide coalition called U.S. Business Action to End HIV (USA Business HIV) has been honored as one of the 2025 Innovators by Modern Healthcare. The recognition highlights the group’s efforts to engage employers in addressing HIV in communities across the country. The coalition works with businesses to raise awareness, provide resources, and promote HIV prevention, testing, and treatment initiatives. By leveraging the private sector, USA Business HIV amplifies public health impact and supports affected communities. Officials noted that mobilizing employers allows for broader outreach. Companies can provide education, workplace programs, and community partnerships that directly benefit employees and their families. Analysts say the…

OpenAI has signed a $38 billion (£29 billion) agreement with Amazon to access its cloud computing infrastructure. The deal strengthens OpenAI’s computing power as it advances the development of next-generation artificial intelligence systems. OpenAI broadens technology partnerships In 2025, OpenAI secured over $1 trillion in deals with Oracle, Broadcom, AMD, and Nvidia. The Amazon partnership reduces its reliance on Microsoft and provides access to Nvidia’s high-performance processors through Amazon Web Services. The seven-year agreement follows a major restructure that ended OpenAI’s non-profit status and redefined its relationship with Microsoft. The changes give the company greater operational freedom and financial flexibility.…