Business news today spans supply chains, boardrooms and orbit. In the U.S., a widening salmonella outbreak has been traced to jalapeños imported from Sinaloa, Mexico, sickening at least 345 people across 27 states and putting fresh pressure on food distributors and restaurant cha...
Business news today spans supply chains, boardrooms and orbit. In the U.S., a widening salmonella outbreak has been traced to jalapeños imported from Sinaloa, Mexico, sickening at least 345 people across 27 states and putting fresh pressure on food distributors and restaurant chains to tighten sourcing. Corporate dealmaking was just as brisk: easyJet agreed to a £5.7 billion takeover by Apollo after rival bidder Castlelake dropped out, closing a long stretch of uncertainty for the budget airline. At Diageo, weaker sales and profits prompted a sweeping turnaround plan, with management targeting roughly $1 billion in savings and warning of significant operational change. Meanwhile, SpaceX was in focus on two fronts: insiders gained the ability to sell as much as $101 billion in stock after a lockup expired, while South Korea’s Danuri orbiter delivered striking before-and-after images of the Moon following the impact of stray Falcon 9 debris.
Top Business stories
- CDC traces US salmonella outbreak to Mexican jalapeños from Sinaloa (10 sources)
- South Korea’s Danuri spacecraft captures images of SpaceX rocket impact on the Moon (7 sources)
- Diageo CEO unveils cost-cutting plan to support drinks turnaround amid weaker results (6 sources)
- EasyJet agrees £5.7bn takeover by Apollo after rival Castlelake exits bid (5 sources)
- SpaceX insider lockup expires, unlocking up to $101 billion in shares (4 sources)
- World Cup drives Fox advertising surge, lifting revenue but slightly lowering quarterly profit (4 sources)
- Godolphin Resources rebrands to Orbit Resources and refocuses on Lachlan Fold Belt assets (4 sources)
- Milky Mist IPO price band fixed at ₹133–₹140; issue opens August 11 (3 sources)
Wendy Webster
Author at IfHighLow
