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Apple’s ‘IntelliPhones,’ a $90-million crash, tracking the Ozempic shortage: Business news roundup

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Image for article titled Apple's 'IntelliPhones,' a $90-million crash, tracking the Ozempic shortage: Business news roundup

Photo: CFOTO/Future Publishing (Getty Images), CBS / YouTube, Edwin Koo/Bloomberg (Getty Images), Angus Mordant/Bloomberg (Getty Images), Image: Reuters Photographer (Reuters), Marvin Samuel Tolentino Pineda (Getty Images), sumroeng (Getty Images), Illustration: Pavlo Gonchar/SOPA Images/LightRocket (Getty Images)

Apple’s flagship store for Smart Products in Shanghai, China.

Apple’s flagship store for Smart Products in Shanghai, China.
Photo: CFOTO/Future Publishing (Getty Images)

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.

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A screenshot of the F-35 crash site in Albuquerque, New Mexico

Photo: CBS / YouTube

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. 

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A combination image shows an injection pen of Zepbound, Eli Lilly's weight loss drug, and boxes of Wegovy, made by Novo Nordisk

Zepbound and Wegovy are in shortage, according to the FDA.
Image: Reuters Photographer (Reuters)

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.

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SoundHound AI logo is seen on a smartphone and on a pc screen

Illustration: Pavlo Gonchar/SOPA Images/LightRocket (Getty Images)

The Singapore Airlines logo

The Singapore Airlines logo
Photo: Edwin Koo/Bloomberg (Getty Images)

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.

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Walmart.

Walmart.
Image: Marvin Samuel Tolentino Pineda (Getty Images)

Customers wait to board an American Airlines flight

Customers wait to board an American Airlines flight
Photo: Angus Mordant/Bloomberg (Getty Images)

American Airlines is trying to dig itself out of a hole, says its CEO Robert Isom.

As part of that action, the company fired chief commercial officer Vasu Raja this week. Bloomberg reports that the primary reason was a Bain report that confirmed what many in the industry had been whispering about: He had been alienating business-class travelers.

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Image for article titled Apple's 'IntelliPhones,' a $90-million crash, tracking the Ozempic shortage: Business news roundup

Image: sumroeng (Getty Images)

Mortgage applications drop by 5.7% as rates rise again

Mortgage rates ticked up again last week, putting a damper on refinancing and purchase applications

Starbucks and Workers United are heading back to the bargaining table

Back in April, the two parties said they had made “significant progress”

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