Business Corpus

Grand Planetary Challenges Need a Grand Coalition to Solve Them

NAIROBI, Kenya, August 26 (IPS) - Several coalitions exist today to defend the territories in which people live and work. Global leaders have long understood the importance of shared responsibility for collective security and have invested significant time in establishing networks, partnerships and alliances. In 2025, global spending on defense reached a record $2.9 trillion.

Read the full story, “Grand Planetary Challenges Need a Grand Coalition to Solve Them”, on globalissues.org →

https://www.globalissues.org/news/2026/08/26/43894 {"url":"https://static.globalissues.org/ips/2026/08/Photos-highlighting_1-100x100.jpg"}

A Divided Vote for the UN’s Human Rights Chief

BRUSSELS, Belgium, August 26 (IPS) - On 24 July, the United Nations (UN) General Assembly reappointed Volker Türk as High Commissioner for Human Rights for a further four years. Only 10 states – among them Israel, Russia and the USA – opposed the decision.

Read the full story, “A Divided Vote for the UN’s Human Rights Chief”, on globalissues.org →

https://www.globalissues.org/news/2026/08/26/43893 {"url":"https://static.globalissues.org/ips/2026/08/Results-of-the-vote_-100x100.jpg"}

Colombia Declares State of Emergency Following Deadly Earthquake

UNITED NATIONS, August 25 (IPS) - Over the past week, the humanitarian crisis in Colombia has deteriorated significantly following the Mw 7.4–7.5 earthquake that struck the Chocó department on August 10. With the Colombian government declaring a State of Emergency across 15 departments, the nation continues to struggle with massive civilian casualties, immense damage to critical infrastructure, and the disruption of basic services. The national government and the humanitarian community continue to coordinate lifesaving responses and monitor conditions as they evolve.

Read the full story, “Colombia Declares State of Emergency Following Deadly Earthquake”, on globalissues.org →

https://www.globalissues.org/news/2026/08/25/43889 {"url":"https://static.globalissues.org/ips/2026/08/Response-in-Colombia_-100x100.jpg"}

Investor competition for commercial real estate sees strongest growth in a yearEven though macro uncertainty and volatility continue to show up in the broader economy, bidding keeps rising, according to JLL.{}

Even though macro uncertainty and volatility continue to show up in the broader economy, bidding keeps rising, according to JLL.https://www.cnbc.com/2026/08/25/cre-investor-competition-sees-strongest-growth-in-a-year.html

HHS plans new FDA deputy commissioner roles for technology and drugs, sources sayHHS plans to name two deputy commissioners for technology and drugs, said two sources familiar with the matter.{}

HHS plans to name two deputy commissioners for technology and drugs, said two sources familiar with the matter.https://www.cnbc.com/2026/08/25/hhs-fda-leadership-roles-technology-drugs.html

Dick's Sporting Goods stock falls 25% as retailer misses expectations, cites 'challenging' footwear marketDick's Sporting Goods reported fiscal second-quarter earnings on Tuesday that missed Wall Street expectations amid what it called a "challenging" environment.{}

Dick's Sporting Goods reported fiscal second-quarter earnings on Tuesday that missed Wall Street expectations amid what it called a "challenging" environment.https://www.cnbc.com/2026/08/25/dicks-sporting-goods-dks-earnings-q2-2026.html

Dick's Sporting Goods stock falls 20% as retailer misses expectations, cites 'challenging' footwear marketDick's Sporting Goods reported fiscal second-quarter earnings on Tuesday that missed Wall Street expectations amid what it called a "challenging" environment.{}

Vet Tix hits incredible milestone in effort to help military veterans and their familiesVet Tix surpassed an incredible milestone, as it has now handed out 40 million free event tickets to veterans, first responders and their families.

Vet Tix surpassed an incredible milestone, as it has now handed out 40 million free event tickets to veterans, active military members, former and current first responders, and their families across all 50 states.

Vet Tix began as a grassroots effort in a garage in Phoenix in 2008, and today, the nonprofit organization has grown into the nation’s largest Veteran Service Organization, serving more than 2.8 million members. They announced their milestone in a press release on Tuesday.

"It’s not just 40 million tickets. It’s 40 million opportunities to create memories, strengthen family bonds and give something back to those who have served our country and communities," Michael A. Focareto III, U.S. Navy veteran, CEO and founder of Vet Tix said in the press release.

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"We’re grateful to the thousands of donors, including sports teams, venues, artists, ticketing organizations and individuals, who make these experiences possible. Every ticket helps us move closer to our goal of reaching veterans, service members and first responders in every community across the country. We also work to create opportunities for the family members and friends who support them by securing ticket donations that appeal to a wide range of interests."

Vet Tix said that the Arizona Diamondbacks were its first major donor in 2008. About 40% of its tickets are sports-related.

Through Vet Tix and 1st Tix, recipients gain access to sporting events, concerts, family attractions, comedy performances and performing arts events. A study conducted by IMPCT Group found that attending live events has significant benefits for the wellness and social engagement of veterans, first responders and their families.

ZERO BS. JUST DAKICH. TAKE THE DON'T @ ME PODCAST ON THE ROAD. DOWNLOAD NOW!

The study showed that 90% of respondents reported that attending events positively affected their well-being, while 86% of respondents reported stronger family bonds.

The tickets distributed have a combined face value exceeding $2.6 billion, while additional event-related spending has generated an estimated $3.75 billion in economic activity. The total estimated economic impact exceeds $6.5 billion.

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On average, Vet Tix distributes 25,000 to 30,000 tickets a day.

"The act of service to our country and communities is something most Americans will never have to experience," Focareto said. "In addition to enduring the impacts of military deployments or long shifts while on duty, many veterans, service members and first responders endure invisible emotional challenges. These events are much more than a way to pass the time. They create space for moments of joy that are an important part of recovery, rehabilitation, reintegration and reconnection."

https://www.foxbusiness.com/sports/vet-tix-hits-incredible-milestone-effort-help-military-veterans-families

Dick's Sporting Goods stock falls 20% as retailer misses expectations, cites 'challenging' footwear marketDick's Sporting Goods reported second fiscal quarter earnings on Tuesday that missed Wall Street expectations amid what it called a "challenging" environment.{}

Dick's Sporting Goods reported second fiscal quarter earnings on Tuesday that missed Wall Street expectations amid what it called a "challenging" environment.https://www.cnbc.com/2026/08/25/dicks-sporting-goods-dks-earnings-q2-2026.html

United Airlines adds 2027 flights spanning Sardinia to Okinawa. Here's what it says about travel todayUnited is betting big on premium, international travel with a host of new routes.{}

United is betting big on premium, international travel with a host of new routes.https://www.cnbc.com/2026/08/25/united-airlines-2027-international-routes.html

United's next decision: What to do with all those Boeing 737 Max 10 seats it ordered years agoUnited Airlines wanted to put lie-flat premium seats on its Max 10 planes once they were certified, but that has been delayed by years.{}

United Airlines wanted to put lie-flat premium seats on its Max 10 planes once they were certified, but that has been delayed by years.https://www.cnbc.com/2026/08/23/united-airlines-boeing-737-max-10-seats.html

United Airlines adds 2027 flights spanning Sardinia to Okinawa. Here's what it says about travel todayUnited is betting big on premium, international travel with a host of new routes.{}

United is betting big on premium, international travel with a host of new routes.https://www.cnbc.com/2026/08/25/united-airlines-2027-international-routes.html

Walmart launches new fashion brand with most items priced under $25The retailer is expanding its fashion push with an affordable bohemian collection designed to win over younger, style-conscious women.

Walmart is making a new play for younger, style-conscious shoppers with a women’s fashion brand offering most items for less than $25.

The retail giant is rolling out Scenario, a modern bohemian collection featuring apparel, shoes, jewelry, handbags and other accessories, at all of its stores.

The launch includes 280 styles, according to Walmart.

"We’ve been on a journey to democratize fashion by focusing on expanding our assortment, elevating the experience in-store and online, reaching new customers and changing [the] perception [of] Walmart fashion," a spokesperson for the retailer told FOX Business in an email.

The news was first reported by The Wall Street Journal.

WALMART SAYS IT WILL USE BILLIONS IN TARIFF REFUNDS TO KEEP PRICES LOW

Scenario is designed to appeal to women around age 35 who want trendier details than Walmart’s existing brands traditionally offer, according to The Wall Street Journal.

The line includes embroidered blouses, pintuck denim shirts and faux leather bags, with a focus on natural fabrics such as cotton, the outlet reported.

Walmart said it developed the brand after research found nearly one in five women ranked bohemian fashion among their preferred styles, even though none of its existing private labels were perceived as directly catering to that look.

WALMART E-COMMERCE SALES SURGE AS CEO TOUTS 'PRICE, SPEED AND CONVENIENCE'

Scenario will take over some space previously devoted to Time and Tru, Walmart’s women’s brand focused on classic wardrobe staples, according to the Journal.

The retailer tested elements of the bohemian aesthetic within its Time and Tru assortment before deciding to build a dedicated lifestyle brand, the company said.

The existing brand will continue with a smaller selection focused on its most popular items, the outlet reported.

"This is an ‘and’ strategy," Denise Incandela, executive vice president of fashion for Walmart U.S., told the Journal. "We’re still going to cover those big-volume driving socks and underwear and denim and Ts."

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Walmart said it has launched or relaunched 15 private brands over the past five years as it works to modernize its fashion business.

The retailer said it has also expanded its selection of premium brands through its online marketplace.

https://www.foxbusiness.com/retail/walmart-launches-new-fashion-brand-most-items-priced-under-25

Dick's Sporting Goods stock falls 15% as retailer misses expectations, cites 'challenging' footwear marketDick's Sporting Goods reported second fiscal quarter earnings on Tuesday that missed Wall Street expectations amid what it called a "challenging" environment.{}

United Airlines adds 2027 flights spanning Sardinia to Okinawa. Here's what it says about travel todayUnited is betting big on premium, international travel with a host of new routes.{}

United is betting big on premium, international travel with a host of new routes.https://www.cnbc.com/2026/08/25/united-airlines-2027-international-routes.html

Bugatti CEO Mate Rimac says the future of supercars is old-school combustion enginesBugatti CEO Mate Rimac told CNBC he thinks high-end sports cars will continue to have combustion engines "for a very long time" even with the rise of EVs.{}

Bugatti CEO Mate Rimac told CNBC he thinks high-end sports cars will continue to have combustion engines "for a very long time" even with the rise of EVs.https://www.cnbc.com/2026/08/25/bugatti-ceo-mate-rimac-supercars-gas-engines.html

Dick's Sporting Goods misses revenue expectations, citing 'challenging' footwear marketDick's Sporting Goods reported second fiscal quarter revenue on Tuesday that missed Wall Street expectations amid what it called a "challenging" environment.{}

Dick's Sporting Goods reported second fiscal quarter revenue on Tuesday that missed Wall Street expectations amid what it called a "challenging" environment.https://www.cnbc.com/2026/08/25/dicks-sporting-goods-dks-earnings-q2-2026.html

United Airlines adds 2027 flights spanning Sardinia to Okinawa. Here's what it says about travel todayUnited is betting big on premium, international travel with a host of new routes.{}

United is betting big on premium, international travel with a host of new routes.https://www.cnbc.com/2026/08/25/united-airlines-2027-international-routes.html

Canada plans tariff retaliation after Trump warns its leaders to 'fall in line'Prime Minister Mark Carney says Canada will match new U.S. tariffs "dollar for dollar" as President Donald Trump orders 50% duties on Canadian goods.

Canada is set to announce details of retaliatory tariffs against the U.S. on Tuesday after relations between the two countries deteriorated sharply Monday.

U.S. President Donald Trump warned Canadian leaders on Monday to "fall in line" or face consequences "far WORSE" than existing tariffs and Canadian Prime Minister Mark Carney accused the U.S. government of attempting to subordinate Canada.

The U.S. imposed new 50% tariffs on Canadian goods such as wine, furniture and dairy products, while Carney said U.S. trade demands proved Washington wanted to "destroy our major industries," including autos, steel and aluminum.

The U.S. president also threatened new 50% tariffs said tariffs on Canadian cars, trucks, auto parts and steel would rise to 50% beginning Jan. 1, 2027.

TRUMP SAYS 50% TARIFFS ON CANADIAN VEHICLE, STEEL IMPORTS TO HIT JAN 1

"Without the United States, Canada couldn’t survive — It’s where they get all of their money and, because of their current bad leadership, primarily Governor Carney, and his Flunky, Ford, they will not be allowed to keep taking advantage of the United States — Their key to survival," Trump wrote on Truth Social, referring to Ontario Premier Doug Ford, who had discussed the tariffs during a Monday afternoon news conference.

"Remember, much of the Electricity, Oil, and Gas that Canada gets is transported through the U.S.A. Someone should get these clowns to 'fall in line' or, the consequences for Canada will be far WORSE!" he added.

Carney suggested that Canada was ready to find a solution to the trade war, but only if the U.S. approached the talks as between two sovereign nations.

"An attitude at the negotiation table that Canada is a subsidiary of the United States is not something we are going to accept," he said.

The forceful words from both sides show how relations have deteriorated since suspended negotiations late Friday, after Canada and the United States blamed one another for the collapse in talks. The U.S. imposed 50% tariffs the following day on about $20 billion worth of Canadian goods.

The prime minister had also said over the weekend that Canada "will match Washington's new tariffs dollar for dollar in order to protect Canadian workers, farmers, families, and businesses."

CANADA'S CARNEY SAYS US MADE LAST-MINUTE ‘POWER PLAY’ AS TRADE TALKS COLLAPSE; RETALIATORY TARIFFS IN PLACE

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"You're at war when you get attacked. We got attacked," Carney said when asked if Canada was engaged in a trade war.

The "dollar for dollar" tariffs on imports of U.S. steel, electronics and other products are expected to take effect on September 8.

Ford, whose Progressive Conservative Party typically opposes Carney’s Liberal Party, said that "everything is on the table" if the trade war continues. He also asserted that Canadians are "in for an economic war," adding that they "know they’re going to have to sacrifice."

Reuters contributed to this report.

https://www.foxbusiness.com/politics/canada-plans-tariff-retaliation-after-trump-warns-its-leaders-fall-line

Target pulls 'offensive' Halloween costume critics accused of evoking Blackface: 'We are deeply sorry'Target pulled a kids' circus clown Halloween costume accused of evoking Blackface and minstrel shows, with critics tying the misstep to DEI rollbacks.

Target has apologized for a circus clown Halloween costume that critics accused of evoking Blackface and 19th-century minstrel shows following online backlash.

The costume was sold as the "Kids' Glows Under ‌Blacklight Circus Clown Halloween Costume," according to the since-deleted listing. The costume was sold as part of the retailer's seasonal Hyde and EEK Boutique brand.

Target removed the "offensive" costume and said that it should never have been featured in its stores.

TARGET RECALLS 200,000 CHILDREN'S SANDALS OVER POTENTIAL CHOKING HAZARD: CPSC

"As a company, we know we got this wrong, and we are deeply sorry. The costume is offensive and should never have been part of our assortment. It is no longer available for sale," company spokesperson Brian Harper-Tibaldo said in a statement to FOX Business.

"We know this is especially hurtful for our Black guests, team members and partners. Removing the costume is an important first step, and the company is looking closely at how this happened and what needs to change to ensure this won’t happen again," he continued.

The move to pull the costume comes after social media backlash in which critics accused the Minneapolis-based retailer of selling racist merchandise.

"You really don’t have anyone left in Minneapolis to say, 'Hey, that’s racist'? Y’all cut DEI and now you’ve got a minstrel clown costume for kids on your website," one user said on Threads.

This comes on the heels of several reputational hits for the retailer that have hurt sales in recent years, including Target’s handling of its Pride Collection in 2023 and its rollback of diversity, equity and inclusion initiatives after President Donald Trump returned to the White House.

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Target joined a broad corporate effort to scale back diversity initiatives after Trump issued a series of executive orders aimed at rooting out DEI.

The retailer scaled back initiatives aimed at increasing representation of Black employees and supporting Black-owned businesses and suppliers, saying it needed to stay in step with "the evolving external landscape." The reversal drew backlash from some Black consumers and business owners who had supported or benefited from Target’s diversity efforts.

https://www.foxbusiness.com/economy/target-pulls-offensive-halloween-costume-critics-accused-evoking-blackface-we-deeply-sorry

Bessent says Treasury auctions will continue as usual despite expanded buyback programScott Bessent confirmed Treasury auctions will continue as scheduled while the new buyback structure for longer-dated securities takes effect Sept. 9.

Treasury Secretary Scott Bessent said on Monday that the regularly scheduled Treasury auctions of U.S. debt are expected to continue per usual after his agency announced an increase in the size of buybacks of longer-dated securities.

Bessent spoke Monday at a press conference to discuss a new plan for the "economic asphyxiation" of the Iranian regime through the implementation of secondary sanctions on Iran's trading partners.

During the press conference, the Treasury secretary was asked about whether the agency may reduce the size of auctions for longer-term debt going forward or if there are other actions from the department's toolkit that may be used to help lower yields.

"We are going to continue with our regular program of auctions. So you will be hearing from us again at the beginning of next quarter," Bessent said. He added in response to a follow-up question that, "We haven't bought a single bond yet."

TREASURY YIELDS HIT MULTI-DECADE HIGHS AMID SURGING NATIONAL DEBT

Bessent noted that the next auctions of longer-dated Treasurys, such as the 10-year note and the 20- and 30-year bonds, aren't scheduled until mid-September which is the earliest the new buyback structure could come into play after the change takes effect on Sept. 9.

Under the change, which was announced on Aug. 19, the Treasury's maximum buyback authority rises from $2 billion per operation to at least $4 billion per operation, which will serve as a floor rather than a cap to allow the size of buybacks to respond to market conditions.

The change is expected to remain in effect through the rest of the quarter, or through Nov. 4, after which the Treasury will provide more information about future buyback sizes.

Treasury said in its announcement that the "increase in buyback operations reflects Treasury's desire to provide greater liquidity support in longer-dated nominal sectors where there is consistent strong sponsorship from market participants, as evidenced by the significant volume of high-quality offers Treasury routinely receives in longer-dated buyback operations."

US NATIONAL DEBT HITS $40 TRILLION MILESTONE FOR FIRST TIME EVER

Last week's announcement lowered yields on the 10-year Treasury note and on 20- and 30-year bonds for a short period of time, though they largely retraced those declines by the end of the week. Yields were down modestly on Monday.

Bessent said last week that the higher buybacks aim to support liquidity in a more thinly traded portion of the market, particularly in the 30-year sector, while the longer-dated Treasurys are also competing with heavy issuance of corporate bonds at higher yields amid the artificial intelligence (AI) buildout.

Higher yields on Treasurys can cause fiscal pressure for the federal government, which is forced to pay more interest to service the national debt. The move comes as the U.S. gross national debt topped $40 trillion for the first time ever last week.

BESSENT LAYS OUT 5 PRINCIPLES GUIDING TRUMP ADMIN'S APPROACH TO ECONOMIC STATECRAFT

The Treasury Department's announcement didn't indicate the funding source for the Treasury buybacks. A Reuters report noted that the Treasury General Account (TGA) at the Federal Reserve could serve as a source because it would negate the need to issue new, shorter-dated Treasurys – though it would eat into the nation's cash reserves.

The TGA effectively functions as the federal government's checking account, as it's used to pay for daily government operations ranging from federal worker salaries, contracts and Treasury's interest and principal obligations.

As of last Wednesday, the TGA stood at about $940 billion in funding. Treasury has beefed up the TGA this year in part to help pay for some of the $166 billion in tariff refunds owed to importers in the wake of a Supreme Court ruling that struck down a key portion of President Donald Trump's tariff regime.

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In the past year, the TGA has had an average balance of around $840 billion, which was the highest ever outside its rapid run-up during the COVID-19 pandemic.

Reuters contributed to this report.

https://www.foxbusiness.com/economy/scott-bessent-says-treasury-auctions-continue-usual-despite-expanded-buyback-program

Buc-ee’s CEO signals expansion shift away from blue states that ‘don’t appreciate’ chainBuc-ee’s co-founder Arch “Beaver" Aplin III said the travel center is finding a stronger fit in conservative, business-friendly communities.

Buc-ee’s CEO suggested recently that the Texas-based travel center chain may be done looking into blue districts, saying some communities do not appreciate what the company brings while conservative states offer business-friendly and family-oriented values.

Arch "Beaver" Aplin III, the company’s president and co-founder, made the comments during the grand opening of Buc-ee’s newest location in Benton, Arkansas on August 17. The chain is known for its expansive gas stations, famously clean restrooms and in-house food offerings.

"We have a lot of opportunities. We're growing. We're building in a lot of places. But when you find a conservative business-friendly state with a phenomenal workforce, it makes a difference," Aplin said.

Aplin criticized states that he said do not appreciate what Buc-ee’s brings to their communities, suggesting the company would rather focus its expansion efforts elsewhere.

BUC-EE'S OPENS FIRST ARKANSAS LOCATION AS CHAIN EXPANDS ACROSS US

"I'm starting to realize life's too short to try to build in places that people don't appreciate what you're bringing, versus a place like this where people do appreciate what you are building," he said.

Conservative states typically promote business-friendly and family-oriented policies that align with Buc-ee’s values, Aplin said.

"That leadership, that concept, that idea of conservative, business-friendly, family-oriented concept works so much better if it trickles down from the very leadership from the top at the governor's office, at the congressman, at senator, at the mayor, the representatives," he said.

Aplin pointed to Benton as an example of the approach, saying the city’s business-friendly environment helped pave the way for Buc-ee’s newest location.

"What we found when we got here into Benton was a business-friendly town," he said.

CALIFORNIA PIZZA KITCHEN CO-FOUNDER OPENS UP ABOUT FAMOUS CHAIN'S WILD RISE, BANKRUPTCY AND COMEBACK

Founded in 1982, Buc-ee’s operates sprawling travel centers that typically feature 74,000 square feet of space and 120 fueling positions. The locations often create more than 200 jobs, according to the company.

Buc-ee’s currently has 58 locations, including 37 in Texas, according to the company’s website.

The chain has expanded to 13 other states, including Alabama, Georgia, Florida, Kentucky, Tennessee, Arkansas, Arizona, Colorado, Mississippi, Missouri, Ohio, South Carolina and Virginia.

Nearly all the cities where Buc-ee’s operates are located in areas that generally lean conservative, with a few exceptions where local political dynamics are more mixed.

Auburn, Alabama, for example, is a college town located in a predominantly Republican county, giving it a more politically mixed environment than some surrounding communities.

Brunswick, Georgia, has a Democratic-leaning municipal base despite being located in Glynn County, which has generally leaned Republican.

Goodyear, Arizona, has become a competitive suburban area in recent election cycles and is located in the West Valley of Maricopa County, a region that has historically leaned Republican but has become increasingly politically competitive.

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More Buc-ee’s locations are slated to open in the coming years, including a travel center in Murfreesboro, Tennessee, on Nov. 16.

Six locations are also expected to open in 2027, including sites in Ruston, Louisiana; Kansas City, Kansas; Gallaway, Tennessee; St. Lucie, Florida; Boerne, Texas; and Monroe County, Georgia.

Two additional locations are planned for 2028 in Mebane, North Carolina, and Lafayette, Louisiana.

https://www.foxbusiness.com/retail/buc-ees-ceo-signals-expansion-shift-away-blue-states-dont-appreciate-chain

Jersey Mike’s alums look to ‘run it back’ with fast-casual chain Dog Haus targeting 300 locationsFormer Jersey Mike’s leaders are joining forces at Dog Haus as the fast-casual chain looks to grow from about 60 to 300 locations nationwide.

Several former Jersey Mike’s executives and franchisees are reuniting at Dog Haus, betting the lessons they learned helping build the submarine sandwich giant can turn the fast-casual restaurant chain into a national powerhouse.

Dog Haus recently named former Jersey Mike’s chief innovation officer James Field as chief marketing officer. He joins President and Chief Development Officer Chris Rigassio and Chief Operating Officer Garen Khodaverdian, both former Jersey Mike’s franchisees.

The reunion follows Blackstone’s January 2025 acquisition of a majority stake in Jersey Mike’s in a deal valued at roughly $8 billion, according to SEC filings.

Field told FOX Business that the group could have pursued separate opportunities following the sale, but saw a chance to stay together and help scale Dog Haus, which currently operates roughly 60 locations.

"We all could have gone off and done different things individually after the sale of Jersey Mike's," Field said. "… I think we just thought if we stay together, it's a one plus one equals three scenarios."

Field added: "When you’ve been in the trenches with people through that type of brand growth that you saw at Jersey Mike’s, you say, ‘My gosh, let’s run it back.'"

Dog Haus CEO Michael Montagano said the company is "laser focused" on growing from roughly 60 restaurants to 300, with a $1 billion valuation serving as its "North Star."

"One major step in that success is building a team that is capable of executing to this level of scale," Montagano told FOX Business.

He said Jersey Mike’s grew systematically while maintaining strong relationships with franchisees and delivering a consistent customer experience — a model Dog Haus hopes to follow as it enters new markets.

"Ultimately, that was done very responsibly and yielded a fantastic result," Montagano said.

PIZZA HUT MAKES SURPRISING CHANGE TO ICONIC NAME AHEAD OF NFL SEASON

Founded in Pasadena, California, in 2010, Dog Haus serves hot dogs, sausages, burgers, chicken and breakfast burritos. The chain opened its first permanent international restaurant in Mérida, Mexico, in June.

Field said Dog Haus’ founders, food and early investments in delivery and digital ordering helped convince the former Jersey Mike’s leaders that the brand was ready for a larger growth push.

"When you look at the assets that it has, it’s primed for success," Field said. "… When you look at what Dog Haus has been through over the last 15 years — different economic cycles, different crazes and fads and trends in the industry — not only has it survived, but it’s thrived."

The company is now building the infrastructure it believes it will need before accelerating expansion.

Dog Haus plans to divide the country into 15 regions overseen by area directors responsible for maintaining quality and guiding local growth. The company is also building its corporate infrastructure before accelerating expansion.

PIZZA HUT MAKES SURPRISING CHANGE TO ICONIC NAME AHEAD OF NFL SEASON

"We're thinking ahead and making sure that we have the right pieces in place in order to meet that demand that we're already seeing at scale," he said.

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Montagano said having executives who understand both the corporate and franchisee sides of the business gives Dog Haus an advantage as it pursues its expansion target.

"We believe that going 60 to 300 over the next few years is really a layup," Montagano said. "It's really about what we can do beyond that."

https://www.foxbusiness.com/lifestyle/jersey-mikes-alums-look-run-back-fast-casual-chain-dog-haus-targeting-300-locations

Raiders announce $25M grant to help build Nevada's first stand-alone children's hospitalMark Davis and the Las Vegas Raiders announced a $25 million gift to Intermountain Health to help build Nevada's first stand-alone children's hospital.

The Raiders continue to impact the Las Vegas community, as they announced their largest philanthropic commitment in the franchise’s history on Monday.

The Raiders and Intermountain Health announced a $25 million gift to help build Nevada’s first-ever stand-alone children’s hospital.

The gift by the Raiders was led by owners Mark Davis, Egon Durban, and Michael Meldman, who each contributed $5 million toward the hospital’s development. The Raiders committed an additional $10 million for this game-changing gift.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM

"We want this gift to remind children and families that they have our team backing them and that the support of the entire Raider Nation is in their corner," Davis said in a statement about the philanthropic achievement.

Mitch Cloward, Intermountain Health’s region president, added: "The Raiders are committed to excellence, and this gift is a generational investment that will keep families closer, strengthen our community, and give every kid every chance to thrive.

RAIDERS STAR ASHTON JEANTY SUFFERS APPARENT LEG INJURY DURING TRAINING CAMP PRACTICE, HELPED OFF FIELD

The hospital, which will be located at the UNLV Harry Reid Research and Technology Park, will be the first of its kind in Nevada, "anchoring a new future for kids and families across the state and delivering comprehensive, high-acuity pediatric care."

The building will be 828,000 square feet and will rest on a 33-acre campus with 180 patient beds, with the design allowing room to grow.

The hospital will provide advanced emergency services designed specifically for children and a full-spectrum outpatient center alongside with inpatient and specialty care.

And as a result of the $25 million gift, Intermountain Health Nevada Children’s Hospital’s physical therapy and rehabilitation space, as well as its bistro, will be named in the Raiders’ honor.

It will be the Las Vegas Raiders Bistro, which will sit adjacent to the hospital’s main lobby. The press release noted this as "a space where caregivers and parents navigating the complexities of having a child in the hospital can pause," providing "a quiet meal, or seeking a moment of normalcy" where families can find support.

"Sports reminds us that we do our best when we have the right team around us," Meldman said in a statement. "Families deserve to feel supported every step of the way. In addition to the experts at Intermountain Health, the Raiders family stands with our community’s kids."

The Las Vegas Raiders Inpatient Rehab Gym will also play a vital role in helping children "heal, grow stronger, and regain confidence through movement and play." The space will provide advanced therapeutic equipment alongside some playful design elements to make therapy feel more empowering and fun.

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"When we invest in children, we invest in everything that comes next – their education, their opportunities, and their future," Sandra Douglass Morgan, president of the Raiders, said in a statement. "We want Nevada’s kids to know that their home team is cheering them on."

Construction on the landmark hospital is expected to start in coming months, with an anticipated opening date coming for 2030.

https://www.foxbusiness.com/sports/raiders-announce-25m-grant-help-build-nevadas-first-stand-alone-childrens-hospital

IBM continuing to enhance fan experience with new AI-powered features for US Open, including Serve QualityIBM unveiled its AI-powered Serve Quality metric and enhanced Match Chat ahead the 2026 U.S. Open, as the technology giant continues to transform the fan experience.

The U.S. Open is back in Queens this week, as the final Grand Slam of the year brings millions of fans together at the USTA Billie Jean King National Tennis Center to witness some of the best men’s and women’s players in the world competing for glory.

As fans gear up to soak in hundreds of matches over the next couple of weeks, IBM and the United States Tennis Association announced new and enhanced AI-powered fan features within the popular U.S. Open app and USOpen.org for this year’s tournament.

For decades now, IBM has been working with the U.S. Open to truly evolve the fan experience, especially in recent years with AI-powered innovations that are designed to cut through all the noise and allow fans to personalize their tennis experience at their fingertips.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM

That experience has evolved into one in which the fans demand AI-powered features because accuracy, not speed, has been shaping the digital sports realm for those consumers. According to new global research commissioned by IBM and conducted by Morning Consult, sports fans’ digital expectations are evolving as platform choices multiply, with 46% of more than 20,000 sports fans across 12 countries saying their expectations for digital sports experiences have increased in just the past one to two years. Also, 72% of surveyed fans say they use sports apps as their central hub for fandom, while 40% said having their information in one place is their leading motivation to follow along.

As a result, IBM continues to transform that experience in a way fans can enjoy one of the best tournaments in all of sports this week.

"I think we have such an incredible reputation in tennis through our two [Grand] Slam partnerships, as well as The Masters, where there’s this anticipation for the event, but also to see how we’re going to keep them connected," Kameryn Stanhouse, vice president of sports and entertainment partnerships at IBM, told Fox Business in a recent interview.

"That’s one of the things that I love about what we do in sports is that we actually leverage technology as a way to foster conversations and connection. You can talk to people whether they’re able to go to tennis matches [or not]. We’ve got 1 million people that are going to go to the [UTSA] Billie Jean Tennis Center across the two weeks, and then 14 million people are going to be engaged at home on their couch, but able to feel like they’re courtside and engage on that second-screen experience."

TOP-RANKED JANNIK SINNER WITHDRAWS FROM US OPEN WITH RIGHT KNEE INJURY: ‘SAD AND DISAPPOINTED’

What will that second-screen experience look like for the 2026 U.S. Open? First, an all-new Live Updates homepage will provide fans with a smarter and more personalized way to follow the action they care about the most. Stanhouse emphasized fans being able to choose their favorite players and quickly zero in on those matches, while getting insight and stories they care about in the process.

Another new feature Stanhouse is very excited to see in real time is the Serve Quality metric, which is a "first-to-market feature" that provides a whole new context to one of the most important aspects of tennis.

Last year, American women’s star Coco Gauff came into the U.S. Open with a new coach specifically to help with her serves. Service can be the difference between winning and losing, and those generally with superior serves win matches.

This new feature from IBM will be available across all 254 singles matches, where the AI-powered tool will use advanced limb-tracking technology developed with IBM Bob to help analyze the precise mechanics of every serve. And the continuous stream of this live data will be managed by IBM Confluent.

"We basically trained this model to look at all the historic white papers, all the research about serves. Then, we’re looking at 21 specific joint points on the body – everything from the elbow to the big toe that looks at momentum," Stanhouse explained. "The position of a serve on the court, where it lands. We have six different coordinates we’re looking at all the way to the racket positioning. Synthesizing all of that, it’s doing snapshots 50 times per second – lots of data points in this one. But overall, 1.2 billion data points that’s going to be analyzed over the tournament to give you a Serve Quality number."

Also, the new "Key Moments" feature within the app takes the popular "Likelihood to Win" feature to the next level to help fans understand why someone is winning – not just who is up in the match. The "Likelihood to Win" feature became a hit as it calculated each player’s probability of victory using an AI-powered analysis of current and historical statistics, expert opinion and match momentum.

Now, "Key Moments" will provide additional, more rich information, to summarize those momentum shifts in matches.

"We’re looking at that structured and unstructured data, taking AI to make an analysis, and then make a pre-match projection that takes into consideration not only how they’ve been playing, but what’s the media saying? What’s been said on social media? What are the broadcasters saying? Did someone get a new tennis coach? Do they have a lingering injury? So, we take all that into consideration and provide a pre-match projection," Stanhouse added.

Finally, as fans have become more accustomed to an AI experience over the years, IBM’s enhanced "Match Chat" will act as an interactive companion to help provide whatever insight is needed to help guide the user through the tournament. Everything from analysis to finding out Serve Quality, to simply figuring out how to pronounce someone’s name properly, Match Chat, powered by watsonx Orchestrate, is a collection of AI agents and fit-for-purpose models trained to give fast, accurate responses that keeps fans informed whenever they need it.

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For Stanhouse and her team, the U.S. Open is simply another opportunity to showcase what IBM can do for not just the sports world, but drive the conversation for other companies to utilize the fun, engaging technology they’ve developed for themselves.

"Everybody says my team has the best job at IBM. There’s many, many great jobs, but I think what we do is so exciting because there’s a tangible output that people actually see and people are waiting for. Each tournament that we go to is not only a learning opportunity because we’re constantly thinking about how we’re going to evolve things for the next year, but it’s such a pay-off to see everything come to life. Because what we do is not just serve the fan experience, but we’re so creating unique conversation pieces for our clients. They see how IBM technology makes all of this possible and inspire what you could do with us."

https://www.foxbusiness.com/sports/ibm-continuing-enhance-fan-experience-new-ai-powered-features-us-open-including-serve-quality

Lego posts record first-half revenue, CEO touts strong sales at high-end and value pricingLego CEO Niels Christiansen told CNBC the company is seeing strong sales at both ends of the pricing spectrum.{}

Lego CEO Niels Christiansen told CNBC the company is seeing strong sales at both ends of the pricing spectrum.https://www.cnbc.com/2026/08/25/lego-first-half-2026-revenue.html

Google plans to move all Pixel manufacturing out of China by 2027: reportGoogle reportedly informed suppliers it will shift all Pixel device manufacturing out of China and into Vietnam and India beginning in 2027.

Google is reportedly moving forward with shifting all manufacturing of its Pixel devices outside of China starting in 2027.

The tech giant has previously made its Pixel phones, watches and earbuds in China – though that's set to change next year, with Google informing suppliers that the production of those devices will move out of the country into Vietnam and India, according to a report from last week by Nikkei Asia.

The report cited a source who told the outlet that Google will be better-positioned to move production out of China than tech rival Apple because Pixel devices aren't sold directly in the Chinese market, while it's also a relatively small base of smartphone users.

Nikkei Asia previously reported in January that Google was planning to develop and manufacture Pixel 11 devices in Vietnam exclusively, with the process requiring investment in testing equipment as well as tooling machines. According to the latest report, the success of that process prompted Google to expand production for other Pixel devices in Vietnam.

CHINA NARROWS AMERICA'S AI LEAD AS HUAWEI EXPANDS ITS GLOBAL TECH FOOTPRINT, FORMER US OFFICIAL WARNS

Google also reportedly told suppliers that it intends to increase shipments of Pixel phones by 8% to 10% this year after the company shipped 12 million Pixel phones a year ago.

The production boost comes against the backdrop of Google's push to promote consumer usage of its Gemini artificial intelligence (AI) tools.

If Google proceeds with the move, it would follow Samsung in moving smartphone production out of China. Samsung's production shifted out of China in a process that took over a year and concluded in 2019 with most of its manufacturing moving to Vietnam and India.

GOOGLE LAUNCHES GLOBAL STUDY OF MILLIONS OF AI CHATS TO UNDERSTAND HOW PEOPLE USE ARTIFICIAL INTELLIGENCE

The ongoing shortage of memory chips caused by the AI buildout of data centers and cloud services is affecting companies across the tech sector.

Google has reportedly looked to address that issue by combining orders for phone memory chips with those for its AI and cloud businesses.

MODERNA CEO WARNS CHINA IS INVESTING HEAVILY IN MRNA AS BEIJING CHALLENGES US IN BIOTECHNOLOGY

By doing so, the company is able to enhance its negotiating position with major suppliers of memory chips, potentially leading to improved terms for its memory chip purchases across its business lines.

FOX Business reached out to Google for comment.

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https://www.foxbusiness.com/markets/google-plans-move-all-pixel-manufacturing-out-china-2027

The top cities in America where renting beats buying by $1,000Austin and Sacramento top a list of seven metro areas where renting vs buying data shows renters saving over $1,000 per month on housing costs.

Homebuyers and renters around the country are facing a challenging landscape in terms of affordability, and a recent report identified seven markets where conditions make renting a significantly more affordable option than buying.

An analysis by Apartments.com identified the cities of Austin, Texas; Sacramento, California; Denver, Colorado; Portland, Oregon; Baltimore, Maryland; Salt Lake City, Utah; and Orlando, Florida, as metro areas where the average monthly rent is noticeably lower than the median monthly mortgage payment.

The two markets that top the list, Austin and Sacramento, shared the distinction of having average rents that are more than $1,000 lower than the median monthly mortgage payments.

Austin's median monthly mortgage payment is $2,475, while the average monthly rent was $1,421, leading to a difference of $1,054. In Sacramento, the median monthly mortgage payment is $2,621 compared to an average rent of $1,579 per month, giving renters a $1,042 edge in affordability.

DALLAS EMERGES AS MAGNET FOR WEALTHY BUYERS AS HIGH TAXES WEIGH ON LUXURY MARKETS, BROKER SAYS

Dillar Schwartz, an eXp real estate agent based in Austin, told FOX Business in an interview that the housing market in central Texas remains very active for both homebuyers and renters.

"We have seen an uptick in rental leads and rental inquiries, and right now, they're across the board. They're relocating, they're wanting to try different subdivisions. They're moving here for work, and there's not one big industry that's moving people here," Schwartz said.

"In terms of buyers and sellers, I'm seeing more first-time homeowners come through. We're seeing a lot of the renters who inquired, and we helped find homes about two years ago, they're now working on getting into homeownership," she explained, noting that there's a "really nice mix of sellers" with listings across price points.

"There's a nice blend. However, I feel like this blend didn't happen until about four or five months ago – there were a lot of people just on the sidelines," she added.

SLOWING LABOR MARKET CREATES NEW HURDLE FOR FIRST-TIME HOMEBUYERS FACING AFFORDABILITY SQUEEZE

For prospective homebuyers and renters looking to move to the Austin area, Schwartz said one of the first questions her practice likes to address is the cash reserves the home shoppers have available given the costs.

"Right now, due to Texas insurance, property taxes and the rates being high, the cost right out the gate to get in a home without even discussing a down payment is fairly high, and that trickles into the monthly payments," Schwartz said.

She said that while prices in Austin have fallen, those costs are "really starting to shock buyers once they have that conversation with a lender," adding that while rental rates are also lower, they can face a financial hurdle in getting into an apartment.

Schwartz said that for an apartment renting at about $2,000 a month, the prospective renter would need to be able to cover not only that first month's rent but also a deposit of around $2,000, plus application fees and background checks that may run around $100 per person.

"When you add all of those costs, the average renter is going to need about $5,000 cash as well to make that move," she said, noting that can jam consumers in certain situations.

THESE ARE AMERICA'S HOTTEST HOUSING MARKETS – SEE WHICH AREAS MADE THE LIST

Schwartz said in most of central Texas, which her practice covers, "we can find you a place that's a little bit more affordable to rent than to purchase right now."

The Austin real estate market has solid levels of housing inventory available for both would-be homebuyers and renters, with the region having taken steps to ease regulatory barriers to increasing the supply of housing in recent years.

Schwartz said the city recently added a new position to its permitting department that aims to expedite the process faced by homebuilders and people flipping homes, as well as allowing more infill development on lots to increase the number of homes.

"In Austin right now, if you truly do need to buy a home and want to invest in yourself and start building that wealth, all it takes is time and patience by working with a true professional – there are deals out there," Schwartz said.

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The same holds true for renting, she added, noting that demand remains strong and that renters are still going to need cash available to get into a property.

"The opportunity is there. The Austin market just takes a little bit more time and patience to navigate," she said.

https://www.foxbusiness.com/lifestyle/housing-affordability-gap-widens-seven-major-metro-areas-favor-renters-over-buyers-wide-margins

Paramount CEO David Ellison is at the final hurdle before buying WBD. So far, he can't clear itAn antitrust challenge by a group of state attorneys general has left Paramount CEO David Ellison hunting for avenues to get his deal for WBD done.{}

An antitrust challenge by a group of state attorneys general has left Paramount CEO David Ellison hunting for avenues to get his deal for WBD done.https://www.cnbc.com/2026/08/24/paramount-ceo-david-ellison-wbd-acquisition-final-hurdle.html

Main Street Sports sues Comcast, Charter for underpaid licensing feesMain Street has been in the process of winding down its portfolio of regional sports networks since the the NHL and NBA seasons ended earlier this year.{}

Main Street has been in the process of winding down its portfolio of regional sports networks since the the NHL and NBA seasons ended earlier this year.https://www.cnbc.com/2026/08/24/main-street-sports-comcast-charter-lawsuit-payments.html

South Africa’s Anti-Immigrant Violence Slows SDG Goals, Rips Apart Africans’ Free Movement Call

BLANTYRE, Malawi, August 25 (IPS) - When the Malawian government announced the conclusion of the repatriation of its citizens trapped in anti-immigrant violence against foreign Africans in South Africa on August 12, 2026, it had brought home 56,723 nationals, according to data from the Department of Disaster Management Affairs.

Read the full story, “South Africa’s Anti-Immigrant Violence Slows SDG Goals, Rips Apart Africans’ Free Movement Call”, on globalissues.org →

https://www.globalissues.org/news/2026/08/25/43885 {"url":"https://static.globalissues.org/ips/2026/08/Xeno-victims-2.png"}

The Plastics Treaty Process Needs Greatly Improved Observer Participation at this Critical Point in the Negotiations and Beyond

GENEVA, August 24 (IPS) - In 2022, the United Nations Environment Assembly mandated an Intergovernmental Negotiating Committee (INC) to develop a global, legally binding instrument addressing the full life cycle of plastics, from production and product design to disposal. After the resumed fifth session adjourned without consensus in Geneva in August 2025, the divided process moved into informal consultations before INC-5.4 in March 2027.

Read the full story, “The Plastics Treaty Process Needs Greatly Improved Observer Participation at this Critical Point in the Negotiations and Beyond”, on globalissues.org →

https://www.globalissues.org/news/2026/08/24/43881 {"url":"https://static.globalissues.org/ips/2026/08/plastictrash-100x100.jpg"}

US aims for ‘economic asphyxiation’ of Iranian regime with new wave of secondary sanctionsUnder "Operation Economic Outcast," Scott Bessent announces aggressive sanctions targeting Iran's technology, gold and shipping sectors in a push to sever Tehran's global financial lifelines.

The U.S. Treasury Department announced a new round of secondary sanctions Monday aimed at countries that continue to do business with Iran, a move by the Trump administration to exact "economic asphyxiation" on Tehran.

Treasury Secretary Scott Bessent announced the launch of Operation Economic Outcast, an effort to sever the financial lifeline that sustains Iran's regime, which the United States has accused of using illicit revenues to fund global terrorism.

"Iran now faces a very clear choice, with only two paths before them: complete global isolation and a subsistence economy, or a path back to normalcy with an opportunity to rejoin the global economy," Bessent said during a news conference.

TRUMP’S IRAN CRACKDOWN ‘SUFFOCATING’ REGIME AS OIL WELLS COULD SHUT WITHIN DAYS, BESSENT SAYS

The aggressive strategy, labeled as an "Economic D-Day," targets critical industries such as Iran's digital assets, technology, gold, aviation and shipping in an effort to eliminate the revenue streams that fund international terrorism, Bessent said. The Trump administration will implement secondary sanctions to pressure nations into severing ties with Tehran, while simultaneously blacklisting nearly 60 people, businesses and vessels involved in illicit trade.

President Donald Trump was speaking with several world leaders, asking them for unspecified assistance in helping to tighten the economic rope around Iran, Bessent said.

"We are following his calls up with visits and calls from the State Department and from the U.S. Treasury, telling the leaders, the countries and the entities exactly what we expect and the timelines," he said. "I would expect that very quickly. If they do not respond, then you will see the ramifications of their actions."

The secondary sanctions will not be implemented right away, Bessent said, describing his announcement as a "warning shot" to nations thinking of doing business with Iran.

"We are giving everyone the opportunity to remedy bad behavior," he said. "Why would I want to blow up the global financial system? We believe that it is important to level set and give people a cure, period. But they should know that that will move very quickly and that we are serious."

"Treasury has mapped every node, every facilitator and every network that Iran has used to smuggle oil and evade sanctions. Beginning today, the actions of Treasury and other agencies will tighten the noose and block every potential source of revenue that funds the IRGC and the evil Iranian regime," he added.

TRUMP CLAIMS IRAN 'STARVING FOR CASH,' 'COLLAPSING FINANCIALLY' AFTER EXTENDING CEASEFIRE

Iran has faced U.S. sanctions for decades, which have been aimed at curtailing a range of sectors in Tehran's economy, including its oil revenues, as well as its ability to acquire weapons and other military equipment and cutting off funding for business enterprises controlled by the Islamic Revolutionary Guard Corps, Reuters previously reported.

In May, Bessent announced that the U.S. had seized roughly $1 billion in Iranian cryptocurrency assets.

Last week, Trump threatened "unprecedented" economic consequences for any nation assisting Iran, which he likened to an "economic D-Day."

"I am also announcing that ANY country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face TREMENDOUS Economic Consequences," he wrote on Truth Social at the time.

"Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies — It all needs to stop NOW," he continued. "You know who you are. This will be an ECONOMIC D-DAY, and we need all of our Allies to stand with the United States of America to isolate, and defeat, the Iran threat. These maniacs are on the ropes, and these HISTORIC MEASURES will cripple them and their ability to project terror worldwide."

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Bessent warned nations doing business with Tehran, noting that no one is above the reach of U.S. sanctions.

"No nation should expect to enjoy the rewards of our system while helping those who seek to destroy it," he said. "It is now a time for world leaders to make a decision between prosperity and isolation, peace and terror, America and Iran. The campaign we begin today will gather force with every day that follows, and it will not end until this regime stands alone."

https://www.foxbusiness.com/politics/bessent-announces-new-sanctions-countries-doing-business-iran

Popular beer brand to cut 220 jobs as production shiftsStone Brewing's Escondido operations are winding down, with Sapporo USA planning 220 layoffs as beer production moves to Paso Robles and Kansas City.

Sapporo USA reportedly plans to lay off 220 workers at three Stone Brewing locations in Escondido, California, as production of the craft beer brand shifts to facilities elsewhere in California and Missouri.

The layoffs will begin with 58 workers on Oct. 19, according to Worker Adjustment and Retraining Notification letters filed by Sapporo with the state.

FOX Business has reached out to Sapporo USA for comment and confirmation of the total number of employees expected to be affected.

The workforce cuts follow Sapporo's sale of the Stone Brewing brand and select hospitality locations to Firestone Walker Brewing Company and Duvel Moortgat USA. The transaction was announced in April and closed May 15.

STARBUCKS LAYS OFF OVER 200 CORPORATE WORKERS AS TURNAROUND STRATEGY MOVES FORWARD

Under the deal, Stone beer production is transitioning from Escondido to Firestone Walker's brewery in Paso Robles, California, and Duvel USA's Boulevard brewery in Kansas City, Missouri.

The acquisition included Stone Brewing World Bistro & Gardens at Liberty Station in San Diego, along with taprooms in Little Italy, Oceanside and Pasadena. Stone's Escondido brewery and bistro were not included in the transaction.

COCA-COLA SHUTTING DOWN CALIFORNIA FACILITY AFTER MORE THAN A CENTURY

When the deal was announced, Sapporo said it would continue producing Stone beer at its Escondido and Richmond, Virginia, breweries during a transition period. It also said it would continue operating the Escondido bistro while evaluating "long-term strategic options" for the site.

Sapporo USA CEO Zach Keeling told the Los Angeles Times that the company is now winding down the Escondido brewery in phases after failing to find a "viable long-term solution" for the property.

"This is an understandably difficult time for our Escondido employees and community, and we're committed to supporting them through this transition," Keeling said in a statement reported by the newspaper.

THE SOBER SHIFT: GEN Z TURNING AWAY FROM ALCOHOL

Firestone Walker and Duvel said in April that they expected to offer jobs to a significant number of Stone employees in hospitality, sales and marketing, while production roles would be evaluated as brewing shifted to the companies' other facilities.

Stone Brewing was founded in Southern California in 1996 and became one of the best-known brands associated with the West Coast craft beer movement. Sapporo acquired the brewer in 2022 before selling the Stone brand this year as it moves to concentrate its U.S. resources on its namesake beer.

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The Stone brand will continue under Firestone Walker and Duvel USA, while the Liberty Station location will remain both a hospitality venue and an active brewery, according to the companies' acquisition announcement.

https://www.foxbusiness.com/lifestyle/stone-brewing-escondido-layoffs-production-shift

A media M&A chill: The Paramount-WBD antitrust challenge may hold up more deals than oneParamount's proposed merger with WBD is delayed while an antitrust lawsuit plays out. The holdup could mean a freeze across the media industry.{}

Paramount's proposed merger with WBD is delayed while an antitrust lawsuit plays out. The holdup could mean a freeze across the media industry.https://www.cnbc.com/2026/08/24/paramount-wbd-antitrust-media-deals.html

California AG Rob Bonta cancels Paramount settlement meeting, citing 'lack of good faith'California AG Rob Bonta was scheduled to meet with Paramount representatives on Monday, he said, but canceled the meeting.{}

California AG Rob Bonta was scheduled to meet with Paramount representatives on Monday, he said, but canceled the meeting.https://www.cnbc.com/2026/08/24/california-ag-bonta-paramount-settlement-meeting.html

Goldman Sachs partner warns of 'huge danger' in letting AI replace bankers' reasoning skillsGoldman Sachs is embracing AI, but one of its senior tech leaders warns that it comes with an unintended risk: weakening the reasoning skills of future bankers.{}

Goldman Sachs is embracing AI, but one of its senior tech leaders warns that it comes with an unintended risk: weakening the reasoning skills of future bankers.https://www.cnbc.com/2026/08/24/goldman-sachs-ai-partner-danger-skills.html

California AG Rob Bonta cancels Paramount settlement meeting, citing 'lack of good faith'California AG Rob Bonta was scheduled to meet with Paramount representatives on Monday, he said, but canceled the meeting.{}

Wells Fargo and Citigroup have room to buy a big bank. These 5 regionals fit the billCitigroup and Wells Fargo have room to buy a big regional bank as regulators have opened the door to megadeals. Five regional banks make sense as targets.{}

Citigroup and Wells Fargo have room to buy a big regional bank as regulators have opened the door to megadeals. Five regional banks make sense as targets.https://www.cnbc.com/2026/08/23/wells-fargo-citigroup-deals-regional-banks.html

Goldman Sachs partner warns of 'huge danger' in letting AI replace bankers' reasoning skillsGoldman Sachs is embracing AI, but one of its senior tech leaders warns that it comes with an unintended risk: weakening the reasoning skills of future bankers.{}

California AG Rob Bonta cancels Paramount settlement meeting, citing 'lack of good faith'California AG Rob Bonta was scheduled to meet with Paramount representatives on Monday, he said, but canceled the meeting.{}

Moderna CEO warns China is investing heavily in mRNA as Beijing challenges US in biotechnologyModerna's 177% stock surge followed its mRNA cancer vaccine success, but CEO Stéphane Bancel says China's biotechnology investments pose a threat.

Moderna's stock is riding high after news of a personalized cancer treatment, but CEO Stéphane Bancel is warning about a bigger threat: China's state-backed push to challenge the U.S. in biotechnology.

In an interview on "Mornings with Maria" Monday, Bancel said that while Washington pulls back on mRNA funding, Beijing is pouring state money into biotechnology to challenge the U.S. Bancel said keeping drug manufacturing on American soil, including at Moderna's facilities in Massachusetts, helps protect both U.S. patients and America's lead in healthcare.

"I think the government has an active role to play in taking risk for really innovative medicine," Bancel told FOX Business’ Cheryl Casone, "and indeed, if you think about what's happening around the world, we know, for example, that in China there's a lot of mRNA investments."

"The technology has already proven itself during COVID with the vaccine, now with cancer, as I said, very soon in rare genetic disease, and I think that we want to make sure that there is investment because those investments in the long term help American patients," he continued.

HOW GLP-1 WIGHT-LOSS DRUGS ARE RESHAPING THE HEALTHCARE INDUSTRY

The Chinese Communist Party has designated biotechnology as a "strategic emerging industry" and provided state financing and subsidies to support domestic firms as China seeks to dominate key parts of the biotechnology industry, according to the National Security Commission on Emerging Biotechnology.

Meanwhile, the U.S. Department of Health and Human Services (HHS) announced last August that it would wind down nearly $500 million worth of mRNA vaccine development projects through the Biomedical Advanced Research and Development Authority (BARDA).

HHS did not immediately respond to Fox News Digital's request for comment.

Instead of relying on foreign supply chains for pharmaceutical supplies and ingredients, Bancel said Moderna has countered this threat by expanding its manufacturing operations in Massachusetts, ensuring that advanced personalized medicines are engineered and produced on American soil.

"The team has done an amazing job to shrink the manufacturing process, the machines, because it's the same technology that will make millions of doses in one reactor," Bancel said. "It's actually happening in America, in Massachusetts, in a factory that we built and that is ready to go."

"In terms of cost, because it's not using human material, like CAR-T cell therapy is a very expensive price because it's a very expensive manufacturing process. In our case, it's all used with enzyme[s], it's in water, it is a very different thing. As we get the data and we get closer to discussing pricing, but we don't have the very high cost of goods that the self-therapy products have."

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Moderna's shares surged 177% on Aug. 19 after the company and Merck announced that their personalized mRNA treatment, combined with Merck's Keytruda, met key endpoints in a Phase 3 melanoma trial, giving investors new evidence of mRNA's potential beyond infectious-disease vaccines.

"If you look at the company since day one, we try to use our technology across many therapeutic areas: Infectious disease, vaccine of course, cancer," Bancel noted. "So last week was a big step forward. We became an oncology company, but I think by the end of the year, we should also become a rare genetic disease company."

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https://www.foxbusiness.com/healthcare/moderna-ceo-warns-china-investing-heavily-mrna-beijing-challenges-us-biotechnology

Trump says 50% tariffs on Canadian vehicle, steel imports to hit Jan 1President Donald Trump threatened 50% tariffs on Canadian cars, trucks, auto parts and steel starting January 2027, citing a $60 billion trade deficit with Canada.

President Donald Trump threatened Monday to impose 50% tariffs on Canadian-made vehicles, auto parts and steel beginning in January 2027, accusing Canada of "ripping off" the United States for years.

Trump issued the warning in a Truth Social Post, writing, "WE DON’T NEED CANADA, THEY NEED US!"

"Canada has been ripping off the United States of America for years. Their ridiculously high tariffs on our Farmers and farm products has made life impossible for these great American Patriots, and has long created a 60 Billion Dollar Deficit between our two Countries. Not sustainable, and NOT ANYMORE!" the president's post read.

Trump warned the tariff hike on Canadian cars, trucks, automotive parts and steel would begin on January 1, 2027.

"Build in the U.S. and there are ZERO TARIFFS," Trump wrote. "Canada will be treated like a State no longer! On Trade, and in other ways, also, they are among the worst Nations in the World to deal with. They feel entitled, and yet, WE DON’T NEED CANADA, THEY NEED US! They do 95% of their business with the U.S., with us, the exact opposite!"

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This is a developing news story; check back for updates.

https://www.foxbusiness.com/politics/trump-says-50-tariffs-canadian-vehicle-steel-imports-hit-jan-1

GEF Proposes $140 Million Program to Strengthen Drought Resilience

DAR ES SALAAM, Tanzania, August 24 (IPS) - For pastoralists in Arvaikheer — a village in Mongolia’s dry central plains — rain can determine whether there is enough grass for cattle to roam, whether waterholes are replenished and whether families make it through another dry season. But as climate change makes rainfall increasingly unpredictable, even a wet season may no longer provide water and pasture needed to sustain people and livestock.

Read the full story, “GEF Proposes $140 Million Program to Strengthen Drought Resilience”, on globalissues.org →

https://www.globalissues.org/news/2026/08/24/43878 {"url":"https://static.globalissues.org/ips/2026/08/ENB-IISD-Anastasia-Rodopoulou-UNCCD-COP17-20Aug2026-Photo-22_1-1-100x100.jpg"}

Big Apple targeted in lawsuit over Mamdani's government grocery store plansNew York City is facing a lawsuit challenging Mayor Zohran Mamdani's plan to open multiple government-tied grocery stores that offer discounted items.

A coalition representing immigrant-owned grocers is targeting New York City in a lawsuit over democratic socialist Mayor Zohran Mamdani's plans to open multiple government-owned grocery stores in the Big Apple, a government intervention that that is expected to cut into the profits of regular markets.

The lawsuit was expected to be filed Monday at 8 a.m. ET, following efforts to resolve the solution out of court.

"Although we have not heard from you since May 2026, we are open to resolving this matter amicably with more sensible solutions to feed working class people with nutritious essential food items at affordable prices," the group's president Kenneth Roldan declared in a letter to City Hall, according to a New York Post report last week.

NYC TAXPAYERS COULD PAY TWICE UNDER MAMDANI'S CITY-OWNED GROCERY STORE PLAN

"We are asking the mayor to avoid litigation to sit down with us," legal counsel for the coalition, Mark Jaffe, the president of the Greater New York Chamber of Commerce, told the outlet. "But we have to try to stop this if they won’t listen to us."

The first of five planned government-linked grocery stores is expected to open next year, the mayor's office announced earlier this year.

MAMDANI'S LUXURY-HOME TAX GETS NEW LIFE AS APPEALS COURT LIFTS ROADBLOCK IN HOMEOWNER FIGHT

"Under the model, the City will own the land and cover overhead costs like rent and construction. A private operator, selected through a request for proposals, will manage daily operations and be contractually required to pass savings directly to customers on a core basket of everyday staples," an April news release stated.

Mamdani has claimed that prices for a core basket of grocery items will be priced 30% lower than normal retail prices at the government-affiliated stores.

BILL ACKMAN SOUNDS ALARM ON MAMDANI'S ECONOMIC AGENDA: ‘SOCIALISM IS A DISASTER’

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"This core set of goods will include all fresh produce, meat and seafood along with 20 other essential items like cheese, milk and bread. Here's how it will work: Once a month, our five city-run grocery stores will set prices for this core set of goods at 30% below typical retail prices," he said last month.

FOX Business' Madison Alsworth contributed to this report

https://www.foxbusiness.com/politics/big-apple-targeted-lawsuit-over-mamdanis-government-grocery-store-plans

A media M&A chill: The Paramount-WBD antitrust challenge may hold up more deals than oneParamount's proposed merger with WBD is delayed while an antitrust lawsuit plays out. The holdup could mean a freeze across the media industry.{}

‘Economic D-Day’ on Iran puts trading partners in crosshairs as Tehran threatens retaliationTreasury Secretary Scott Bessent says the U.S. will target financial lifelines to Iran, raising risks for foreign banks, businesses and energy trade.

The Trump administration is preparing to launch what Treasury Secretary Scott Bessent called an "economic D-Day" against Iran, escalating pressure not only on Tehran but also on foreign governments, financial institutions and businesses that continue providing the country with economic lifelines.

The campaign could raise the stakes for companies and countries with financial, shipping and energy ties to Iran, as Tehran threatens to treat participation in the U.S. pressure campaign as an "act of war" and potentially disrupt oil exports across the Persian Gulf.

"At dawn begins an economic D-Day — the single greatest financial offensive ever marshalled against an adversary," Bessent wrote in a Financial Times op-ed published Sunday ahead of planned remarks Monday.

Bessent said the administration intends to target the remaining commercial and financial links sustaining Iran, including countries and entities involved in purchasing and transporting Iranian petroleum, moving money through exchange houses and free-trade zones, maintaining ship registries and facilitating other financial activity.

US WARNS OF ACTIVE CYBER THREAT TARGETING CRITICAL INFRASTRUCTURE

"Any nation that serves as a financial artery of a withering regime should expect to share in its isolation," Bessent wrote.

President Donald Trump has separately described the campaign as the "MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY," warning that countries allowing their banks, businesses, airports or government entities to provide Iran with an economic "lifeline" could face U.S. economic consequences.

A POWERFUL COUNTRY ON THE OTHER SIDE OF THE WORLD IS QUIETLY SHAPING TRUMP'S LATEST TRADE FIGHT

Trump specifically cited oil smuggling, swap lines, cash transfers, exchange houses, ship registries and front companies among the activities Washington is targeting.

Iran, meanwhile, is seeking to raise the potential cost for countries that align with Washington’s campaign.

Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, warned Sunday that Tehran could move against oil exports from the region if the pressure continues.

"If the economic war continues, not a single drop of oil will be exported, neither through the Strait of Hormuz nor from anywhere in the Persian Gulf," Rezaei wrote on X. "Iran will regard any country’s participation in or support for America’s economic war against the Iranian people as an act of war."

The dueling warnings are increasing pressure on governments and companies weighing whether to maintain economic ties with Iran and risk consequences from Washington or distance themselves from Tehran amid threats of Iranian retaliation.

China said Monday that sanctions and pressure would not resolve the dispute and that Beijing would take necessary steps to protect its rights and interests, according to reporting from Reuters. Chinese Foreign Ministry spokesperson Lin Jian also urged the parties to act with restraint.

Pakistan, meanwhile, has continued its efforts to mediate between Washington and Tehran. Pakistani army chief Asim Munir arrived in Tehran Monday for talks that Pakistan’s military said were part of efforts to promote regional peace and stability.

Bessent has not yet publicly detailed the full legal and financial measures that will make up the new campaign. His op-ed said the administration is prepared to use "every agency, every authority" to isolate Iran economically.

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FOX Business has reached out to the Treasury Department for additional details on the scope of the planned measures. Bessent is expected to provide additional details on the administration’s Iran strategy later Monday.

https://www.foxbusiness.com/politics/economic-dday-iran-puts-trading-partners-crosshairs-tehran-threatens-retaliation

A media M&A chill: The Paramount-WBD antitrust challenge may hold up more deals than oneParamount's proposed merger with WBD is delayed while an antitrust lawsuit plays out. The holdup could mean a freeze across the media industry.{}

UPS is investing $2 billion in international, healthcare and supply chain businessesUPS told CNBC exclusively that the company is investing more than $2 billion into its international, healthcare and supply chain businesses.{}

UPS told CNBC exclusively that the company is investing more than $2 billion into its international, healthcare and supply chain businesses.https://www.cnbc.com/2026/08/24/ups-global-logistics-investment.html

ECUADOR: ‘Criminalisation Serves as a Deterrent, Seeking to Discipline Others’

CIVICUS discusses the rapid erosion of civic space in Ecuador with Gabriela Panchana, an activist, communicator and founder of the En Voz Alta and Rumbo Plural digital platforms.

Read the full story, “ECUADOR: ‘Criminalisation Serves as a Deterrent, Seeking to Discipline Others’”, on globalissues.org →

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Dog food recalled across US and Canada after complaints of metal contaminationNearly 5,800 cases of Fromm Turkey Pâté and Diner Classics Milo’s Meatloaf Pâté are being recalled over potential metal contamination. No illnesses or injuries have been reported.

Dog owners are being urged to check their pet food after thousands of cases of canned dog food sold in the U.S. and Canada were recalled over potential metal contamination.

Fromm Family Foods is recalling roughly 5,800 cases of two wet dog food products after receiving complaints of metal contamination, according to a company announcement posted by the Food and Drug Administration.

The recall covers 3,852 cases of Fromm Turkey Pâté Wet Dog Food and 1,973 cases of Fromm Diner Classics Milo's Meatloaf Pâté Wet Dog Food.

The products were distributed through neighborhood pet stores and online retailers across the U.S. and Canada.

DOG FOOD LINKED TO NEARLY 200 REPORTS OF POTENTIAL CANINE VISION LOSS, PROMPTING MASSIVE RECALL

No illnesses or injuries tied to the products have been reported, but ingesting metal can pose serious risks to dogs.

The company said symptoms can include choking, vomiting, loss of appetite, lethargy and stomach discomfort. Sharp pieces of metal can cause cuts to the mouth and gastrointestinal tract, while larger amounts could lead to a partial blockage or intestinal obstruction.

The affected Turkey Pâté comes in 12.2-ounce cans with UPC 072705118700 and lot code EP2A3306 551006.

The recalled Milo's Meatloaf Pâté comes in 12.5-ounce cans with UPC 072705132324 and lot code EP2A3306 551029.

TESLA RECALLS NEARLY 3M VEHICLES OVER DOORS THAT MAY BE DIFFICULT TO OPEN AFTER CRASHES

Both have a best-by date of March 2029.

Fromm said it identified the error behind the recall and has taken corrective action to prevent it from happening again. The company did not provide further details about the source of the potential contamination.

A representative for Fromm Family Foods did not immediately respond to FOX Business' request for comment.

No other Fromm products are affected.

E COLI AND SALMONELLA OUTBREAK LINKED TO ALFALFA SPROUTS SICKENS DOZENS ACROSS MULTIPLE STATES

Consumers should stop feeding the recalled food to their dogs and return it to the retailer. Owners whose dogs ate the products and are experiencing symptoms should contact a veterinarian.

The recall comes just days after another dog food company pulled nearly all of its fresh meals amid reports of potential eye problems in dogs.

U.K.-based subscription pet food company Years said earlier this week that 192 customers had reported potential eye issues in their dogs, including sudden bilateral dry eye, a condition that can lead to permanent vision loss in severe cases if left untreated.

Years is investigating whether potentially contaminated buckwheat used in its meals could be a contributing factor. The company said no causal link between its food, buckwheat and the reported eye problems has been established, and testing remains underway.

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That recall is separate from the Fromm action.

Consumers with questions about the Fromm recall can contact the company at 1-800-325-6331 on weekdays from 8 a.m. to 4:30 p.m. CT or at info@frommfamily.com.

https://www.foxbusiness.com/lifestyle/dog-food-recalled-across-us-canada-after-complaints-metal-contamination

A powerful country on the other side of the world is quietly shaping Trump's latest trade fightPresident Donald Trump's tariff standoff with Canada deepens as Ottawa strikes a deal with Beijing on electric vehicles, steel, and market access.

President Donald Trump’s latest trade fight with Canada has a faraway force at its center: China.

As Washington presses Ottawa to do more to prevent Chinese steel, aluminum and other goods from reaching the U.S. market through North American supply chains, Canada is pursuing renewed economic ties with Beijing, adding a fresh complication to already tense trade talks.

At the heart of the fight is transshipment — routing goods through an intermediary country, sometimes after limited processing, before they reach their final market. U.S. officials fear steel and aluminum made in China or elsewhere could be processed in Canada or Mexico and then enter the United States as regional content.

TRUMP JUST EXPANDED HIS TARIFF PLAYBOOK WITH A POWERFUL TRADE WEAPON NO PRESIDENT HAS EVER USED

The U.S. and Canada addressed that risk in a 2019 joint statement resolving an earlier steel-and-aluminum tariff dispute. The countries agreed to prevent steel and aluminum made outside the U.S. or Canada from being transshipped into the other country, and said they could distinguish between steel melted and poured in North America and steel made elsewhere.

U.S. trade hawks now argue Canada should accept tougher safeguards as Washington seeks to limit China’s role in critical manufacturing supply chains.

Canada claims it is already taking steps to keep foreign steel from flooding its market. Ottawa limits some steel imports from countries without a free-trade agreement, including China, and imposes a 50% surcharge once those limits are exceeded.

But Canada has also moved to strengthen trade ties with Beijing.

In March, China agreed to reopen its market to several Canadian farm and seafood exports, including canola, peas, lobster and crab. Canada, meanwhile, established a 49,000-vehicle annual quota for Chinese EVs at the 6.1% most-favored-nation tariff rate, removing its previous 100% surtax.

Canada also extended tariff relief for some Chinese steel and aluminum products it says are in short supply. Officials say the arrangement is part of a broader effort to diversify Canada’s trade relationships. China is Canada’s second-largest merchandise trading partner.

The arrangement has fueled criticism in Washington that Canada is moving in the opposite direction from the Trump administration’s effort to build a more China-resistant North American trading bloc.

For Trump, the growing question is whether Canada is willing to embrace the same approach — or whether it's bid to expand trade with Beijing will become another fault line in an already tense relationship.

https://www.foxbusiness.com/politics/powerful-country-other-side-world-quietly-shaping-trumps-latest-trade-fight

Paramount, California AG to meet over possible settlement in $110B Warner Bros. Discovery merger lawsuitParamount and California officials are expected to hold talks as a 12-state antitrust lawsuit keeps the $110B Warner Bros. Discovery transaction on hold.

Representatives for Paramount Skydance and California Attorney General Rob Bonta's office are expected to meet Monday to discuss a potential resolution to the lawsuit seeking to block Paramount's $110 billion acquisition of Warner Bros. Discovery, according to reports.

The talks come as the transaction remains on hold under a court agreement and the companies face a March 2027 antitrust trial unless the dispute is resolved sooner.

Variety first reported Friday that the two sides were expected to meet, citing sources familiar with the situation. The discussions are expected to focus on whether there is a path toward resolving the states' antitrust case.

FOX Business has reached out to Paramount and Bonta's office for comment.

Bonta led a coalition of 12 state attorneys general in filing the lawsuit in July, alleging the combination would reduce competition in theatrical film distribution and basic cable programming.

MOVIE THEATER GROUP REVERSES COURSE, URGES CALIFORNIA AG TO SETTLE $110B PARAMOUNT-WARNER BROS LAWSUIT

The states argue the merger would combine two of Hollywood's five major film distributors and give the combined company roughly 27% of the wide-release theatrical film market. They also allege it would control more than 30% of anticipated top-grossing theatrical films and about 27% of the market for licensing basic cable channels.

Paramount and Warner Bros. Discovery have rejected the states' view of the transaction, arguing the combination would strengthen competition in a rapidly changing media industry.

Bonta signaled openness to a possible resolution in a CNBC interview Thursday but said any settlement would require "robust structural remedies."

"We do prefer to resolve cases in the boardroom instead of the courtroom," Bonta told CNBC, while saying the states remain focused on the markets outlined in their complaint.

MARC STAD ASSUMES CONTROLLING STAKE IN TIMBERWOLVES, LYNX; ALEX RODRIGUEZ REMAINS WNBA FRANCHISE'S GOVERNOR

Under a July 24 court stipulation, Paramount and Warner Bros. Discovery agreed not to close the deal or begin integrating their operations until five days after a ruling on the merits or June 1, 2027, whichever comes first.

U.S. District Judge Araceli Martínez-Olguín has scheduled a 12-day trial beginning March 2, 2027. In an Aug. 4 scheduling order, the judge also encouraged the parties to identify potential magistrate judges to oversee a settlement conference.

Paramount agreed in February to acquire Warner Bros. Discovery for $31 per share in cash, valuing the transaction at roughly $110 billion including debt. Under the merger agreement, Warner Bros. Discovery shareholders begin accruing additional consideration if the transaction remains unclosed after Sept. 30.

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The companies have said the combination would create a stronger global media competitor while maintaining both film studios and producing at least 30 theatrical films annually.

https://www.foxbusiness.com/media/paramount-california-ag-meet-possible-settlement-110b-warner-bros-discovery-merger-lawsuit

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