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Archived image accompanying: Lucid’s new CEO clears out C-suite after layoffs and soft demand

Lucid’s new CEO clears out C-suite after layoffs and soft demand

Lucid’s new CEO Silvio Napoli is replacing top executives after layoffs, a pulled production forecast and weaker-than-expected deliveries. The EV maker is now leaning on a cheaper crossover and software partnerships to revive growth.

3 months ago

Archived image accompanying: Judge keeps Trump’s $1.8 billion anti-weaponization fund frozen

Judge keeps Trump’s $1.8 billion anti-weaponization fund frozen

A Virginia federal judge’s injunction continues to block the Trump administration’s nearly $1.8 billion Anti-Weaponization Fund after officials declined to swear the program is dead. The fight now turns on whether DOJ assurances are enough to moot the legal challenges.

3 months ago

Archived image accompanying: Kroger Agrees to Acquire Regional Grocer Giant Eagle for $1.65 Billion

Kroger Agrees to Acquire Regional Grocer Giant Eagle for $1.65 Billion

Kroger announced a $1.65 billion deal to buy Pittsburgh-based Giant Eagle, its first major acquisition since the failed Albertsons merger. The deal adds nearly 200 stores across the Midwest and Mid-Atlantic and is expected to face lighter antitrust scrutiny than its predecessor.

3 months ago

Archived image accompanying: US and Iran Trade Strikes, Accuse Each Other of Ceasefire Violations, Then Agree to Stand Down

US and Iran Trade Strikes, Accuse Each Other of Ceasefire Violations, Then Agree to Stand Down

The US and Iran traded fresh military strikes over the June 27–29 weekend, with both sides accusing the other of ceasefire violations, before agreeing to stand down and dispatch senior envoys to technical talks in Doha aimed at salvaging a fragile interim deal.

3 months ago

Archived image accompanying: Global M&A Hits All-Time Record $2.8 Trillion in H1 2026, Driven by Megadeals

Global M&A Hits All-Time Record $2.8 Trillion in H1 2026, Driven by Megadeals

Global deal value surged 48% to a record $2.8 trillion in the first half of 2026, fueled by 47 mega-deals above $10 billion — including NextEra Energy's $66.8 billion Dominion acquisition and SpaceX's $60 billion Cursor purchase — putting the full year on pace for $4 trillion.

3 months ago