Apple's 'IntelliPhones,' Google's leak, Ozempic's tracker, retail price cuts: The week's most popular stories
Apple’s ‘IntelliPhones’ will dominate the market, Bank of America says
Apple helped popularize smartphones. Now it’s going to push the world into the next era of telecommunications, this one characterized by a new type of device: AI-powered “IntelliPhones,” said senior Bank of America analyst Wamsi Mohan.
Leaked Google documents reveal secrets behind the world’s biggest search engine
Leaked internal documents from Google suggest the company may have lied about its Search algorithm.
Ozempic and weight loss drug shortages can now be tracked by patients
As Novo Nordisk and Eli Lilly struggle to keep up with soaring demand for their popular diabetes and weight loss drugs, healthcare companies are introducing supply trackers to help patients navigate ongoing shortages.
Amazon, Walmart, and Big Retail’s race to cut prices
Big retailers are suddenly cutting prices. Amazon, Walmart, Target, and others are all duking it out with discount deals — and with each markdown, they hope their bargain will be the one to win over inflation-weary consumers.
An AI stock backed by Nvidia is on a tear almost as strong as Nvidia
While chipmaker Nvidia sees its stock rally to new highs this year, one of the four stocks it publicly owns is also feeling the rush.
Deadly turbulence on a Singapore Airlines flight was caused by rapid changes in gravity
A deadly “turbulence event” aboard a Singapore Airlines flight last week was preceded by rapid changes in gravitational forces observed by the plane’s flight data recorder, the Singapore Ministry of Transport said in a report Wednesday. The incident, which happened on an older-model Boeing 777-300, injured 104 passengers and left one dead.
A brand new, $90-Million Lockheed Martin fighter jet quickly crashed
The Department of Defense is probably looking at Lockheed Martin’s refund policy after a brand-new F-35 fighter jet crashed on Tuesday afternoon. The recently built aircraft was being transferred from an assembly plant in Fort Worth, Texas to Edwards Air Force Base in California. The F-35B slammed into a hillside near Albuquerque International Sunport in New Mexico.
Walmart and other retailers are fighting for bargain-hunting, inflation-weary customers. Here’s how
Even big box retailers are feeling the pinch of pesky inflation — and it’s pushing them into a pitched competition for bargain-hunting consumers.
How the Red Lobster died
When word leaked that Red Lobster, the restaurant chain known as the Olive Garden of the sea, was filing for bankruptcy protection, credulous media — including Quartz — swallowed a tale that in a down economy for fast-service restaurants, the company’s $20, all-you-can-eat shrimp specials were what dragged the chain’s 687 restaurants beneath the waves. But once the actual bankruptcy documents were filed with a federal court in Orlando, some new truths emerged: Red Lobster had been bleeding rent for a decade.
YouTube is becoming unwatchable after a crackdown on ad blockers
YouTube has been at war with ad blockers for quite some time now and has employed various tactics to keep users off those extensions. Its most recent defense strategy is to skip right to the end of the video you’re playing. If you try replaying it, it’ll do that again. If you tap anywhere on the timeline, your video will buffer indefinitely. Here’s what it looks like in action.
A lot of car crashes are ending with insurance companies calling the car totaled
Cars just aren’t worth repairing anymore. One in every five cars seen by an insurance adjuster is estimated to cost too much to be repaired and returned to drivable condition. There are a ton of factors to look at here, but with high-tech lighting and sensors at the extremities of every car these days, increased use of exotic materials, and more expensive airbags than ever, it’s not hard to see where a lot of that money is going. This recent report from Bloomberg
A $25,000 Jeep EV is coming to the U.S. ‘very soon,’ Stellantis boss says
Stellantis plans to sell a $25,000, fully-electric Jeep in the United States “very soon” to boost sales, according to CEO Carlos Tavares.
ExxonMobil’s CEO wants to sue his shareholders in peace
ExxonMobil is suing some of its own shareholders because they asked it to take a stronger stance on climate change, and CEO Darren Woods is upset that some people don’t like that. Writing in The Financial Times on Tuesday, he called out CalPERS, California’s state pension fund and the nation’s largest, for opposing the lawsuit.
Invasive wild pigs from Canada are coming to the U.S.
Canada’s wild hogs are apparently poised to invade America’s yard. In new research this month, scientists have found evidence that these invasive wild pigs have a “high potential” to cross over the Canadian border and establish new populations in mostly pig-free parts of the U.S., particularly South Dakota, North Dakota, Montana, and Minnesota.
A passenger fell off the world’s biggest cruise ship and died
A man died after falling from the deck on the world’s largest cruise ship, Icon of the Seas last week. The massive vessel had just started a seven-night cruise from Miami, Florida, when the man fell from one of its 20 decks, sparking a two-hour rescue mission.
These are the 10 best deals on new cars, according to Consumer Reports
There’s always going to be something special about spending hours poring over reviews and research until you find the best, most perfect car that could ever fit your needs. Sadly, once you’ve settled on a new car to buy, you’re also probably far from the only one to decide that a new Toyota Tacoma or Kia Telluride is right for you. And that means paying dealer markup.
Melinda French Gates says she’ll spend $1 billion supporting women’s rights
Melinda French Gates has a plan for how she plans to spend her next $1 billion. Writing in the New York Times, she says that she will be using the money to “on behalf of women and families around the world, including on reproductive rights in the United States,” and that she expects to spend that much money towards the effort over the next two years through her philanthropy Pivotal.
‘We dug ourselves a hole,’ American Airlines CEO says
American Airlines CEO Robert Isom warned that the company’s earnings will be off by “a couple hundred million dollars” next quarter — and the airline has its work cut out for it to fix that.
‘Shame on them’: Tesla and Elon Musk are pushing back against groups opposing the CEO’s $46 billion pay
As Tesla’s annual shareholders meeting approaches, the company is ramping up its pushback against groups asking investors to vote against Elon Musk’s $46 billion compensation package.
The weirdest and coolest things OpenAI’s new ChatGPT has done (so far)
OpenAI announced its new flagship model ChatGPT-4o, or GPT-4 Omni, in mid-May, which can verbally respond to voice commands.