Business News

Lyft is hoping to avoid surging prices for customers by hiring more drivers. Lyft CEO, David Risher, announced during a company earnings call this week that the balance between active drivers and riders had improved. Rischer explained that when ride-share companies do not have enough driver supply, the prices begin to surge. This is labeled as “primetime” by the company. Risher said that Lyft is working hard to...

After Amazon’s record-breaking success with its Prime Day event earlier this summer, the company is planning another sale. The event is coming this October and is called “Prime Big Deal Days” and will benefit Amazon Prime members all over the world. Amazon’s sales are one way the company is trying to bring in more Prime members after raising the subscription price in 2022. For monthly members, their...

Ahead of the Major League Baseball playoffs, Warner Bros. Discovery is debuting a new sports tier for its Max streaming service. According to CNBC, “The company plans to simulcast games from the MLB, National Basketball Association, National Hockey League and National Collegiate Athletics Association, including college basketball’s March Madness, on Max.” Additionally, the company plans to add content from Bleacher Report, its sports media outlet. Warner Bros....

Campbell’s soup is expanding its reach in the Italian food market with a massive acquisition. On Monday, the iconic canned soup brand announced that it would be acquiring Sovos Brands in a $2.7 billion deal. Sovos Brands is the maker of Roa’s sauces as well as Michael Angelo’s frozen iItalian entrees and Noosa yogurt. Campbell’s division already includes its own products, V8 juice and Prego sauces, but...

Hospitals are finding ways to use artificial intelligence tools to cut down on administrative tasks while fighting doctor burnout. Family physician at Baptist Health in Jacksonville, Florida, Dr. Tra’chella Johnson Foy, takes a different approach to patient visits. Instead of coming in and sitting behind a computer screen, Foy simply takes out her phone and asks for permission to record the visit. This allows her to...

On Monday, meat processing company, Tyson Foods, announced that it would be shutting down four chicken plants. The closures are a result of declining chicken revenue. According to CNN, “The company reported earnings for the quarter ending July 1 that showed chicken revenue fell about 3.5%.” A greater supply of chicken and plenty of alternatives have reportedly lowered prices since last year, when it hit its...

The groundbreaking Alzheimer’s treatment drug, Leqembi, is expected to become available at several major U.S. health care systems soon. Leqembi, which is produced by the Japanese drugmaker Eisai and Massachusetts-based Biogen, was fully approved by the Food and Drug Administration (FDA) last month. The drug is administered by infusion every two weeks. Leqembi works by clearing a sticky brain plaque linked to the disease. Dr. Sharon Cohen,...

Amazon Fresh grocery stores have been struggling, so the company is making some changes to appeal to customers. Among these changes are the addition of “hundreds of new name brands to two Amazon Fresh stores in suburban Chicago; more quick meal options like sandwiches and ready-made dinners; smart shopping carts that allow customers to scan groceries as they shop and check out without waiting in line;...

Parents are reportedly bracing for higher prices this year as they are back-to-school shopping for their kids. According to the International Council of Shopping Centers’ (ICSC) 75% of its survey respondents said they plan on spending more this year on back-to-school items from school supplies to new clothes compared to last year. “Parents plan on spending an average of $969 on back-to-school items this year, up from...

Kraft Heinz, the creator of Lunchables, is making a positive change just in time for the back to school season. The company announced its popular packaged meal will include fresh fruit for the first time. For now, the latest variety of Lunchables is limited to grocery and convenience stores in the South Central region. The packaging has also been altered to ensure peak freshness for both the...