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