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Business & Industry

Companies, industrial sectors, manufacturing, and trade coverage.

Business & Industry

Vericel Sees 20% Revenue Growth, Attracts $63 Million Investment

Vericel's recent revenue surge of 20% has piqued investor interest, highlighted by a significant $63 million increase in investment from a notable biotech investor.

Business & Industry

Impact of Hormuz Strait Crisis on Container Shipping Rates

The ongoing tensions in the Hormuz Strait have resulted in a notable increase in container shipping rates, which could have broader implications for global trade.

Business & Industry

Klangkuenstler's OUTWORLD to Make West Coast Debut at The Kia Forum

Factory 93, a brand under Insomniac, is set to host the Los Angeles debut of OUTWORLD featuring Klangkuenstler in an exclusive all-night performance at The Kia Forum.

Business & Industry

U.S. Shale Well Backlog Hits Record Low, Impacting Production Amid Export Growth

The U.S. shale well backlog has reached a record low, which may hinder rapid production increases even as exports continue to rise.

Business & Industry

Herbert Diess Ventures into Electric Tractors with Upcoming Launch

Former Volkswagen CEO Herbert Diess has initiated a new electric tractor company, with its inaugural product expected to debut in 2027.

Business & Industry

Klangkuenstler Set for Exclusive Performance at Kia Forum in 2026

Klangkuenstler will take the stage for an all-night-long set at The Kia Forum on October 3, 2026, as part of OUTWORLD's only U.S. appearance, marking a debut for Factory 93 at the venue.

Business & Industry

Concerns Rise Over Racial Profiling Amid Trump Administration's Deportation Efforts

Recent actions by U.S. Border Patrol in Chicago raise significant concerns about the role of racial profiling in mass deportations, as federal agents conduct neighborhood searches.

Business & Industry

Progress in US-Iran Relations: Ceasefire Extended but Deal Unfinalized

The US and Iran have reportedly agreed to extend a ceasefire and lift some sanctions, yet the deal remains unfinalized, leaving future relations uncertain.

Business & Industry

Kessin debuts on South of Saturn with ‘WOAD’

Kessin has emerged as one of Australia’s most promising house exports, taking his gritty, groove-led sound onto the international circuit.

Business & Industry

Negotiators from Iran and the US Reach Preliminary Agreement, Awaiting Trump’s Approval

Reports indicate that US and Iranian negotiators have come to a preliminary agreement to resume nuclear discussions and facilitate shipping in the Strait of Hormuz, pending approval from Trump.

Business & Industry

Tyson Foods Appoints New CEO Amid Leadership Transition

In a significant leadership shift, Tyson Foods has announced the appointment of a new CEO, marking a pivotal moment for the company.

Business & Industry

FreightWaves Today Set to Transform Supply Chain Dialogue with Launch on June 1

With its upcoming launch on June 1, FreightWaves Today is poised to change the landscape of supply chain discussions, akin to a ‘Squawk Box’ for the industry.

Business & Industry

Criminal Investigation Initiated into E Jean Carroll's Allegations Against Trump

The U.S. Justice Department has reportedly begun a criminal investigation into E Jean Carroll, focusing on potential falsehoods regarding her civil lawsuit funding against former President Trump.

Business & Industry

USA Rare Earth Completes $2.8 Billion Acquisition of Serra Verde to Bolster Supply Chain

In a move to enhance its supply chain, USA Rare Earth has announced the acquisition of Serra Verde for $2.8 billion, marking a significant step in its growth strategy.

Business & Industry

NPR Faces Significant Workforce Reductions Amid Reorganization Efforts

In a move to cut costs and restructure, NPR has seen a reduction of at least 28 journalists, with 18 accepting buyouts and 10 laid off, raising concerns about the future of public media.

Business & Industry

Dycom Industries Reports Q1 2027 Financial Results

Dycom Industries, Inc. has released its earnings summary for the first quarter of 2027, detailing its financial performance during this period.

Business & Industry

Robert Knight Takes the Helm as CEO of Pure Foods Tasmania

In a notable shift in leadership, Robert Knight has been appointed as the new CEO of Pure Foods Tasmania, effective immediately.

Business & Industry

Egypt's Gas Discoveries Bring Hope Amid Domestic Energy Challenges

Despite promising gas discoveries linked to Eni, Egypt faces ongoing challenges in meeting its domestic energy needs, with analysts suggesting that import pressures are likely to persist.

Business & Industry

Porsche Faces Potential Job Cuts and Production Reductions Amid Restructuring Efforts

Porsche is reportedly in talks with the German works council regarding a significant restructuring plan that may involve job cuts and reduced production.

Business & Industry

BP Faces Governance Crisis Following Chair's Dismissal

The recent ousting of BP's Chair, Albert Manifold, due to allegations of bullying and misuse of personal devices, raises concerns about the company's governance and places additional strain on CEO Meg O’Neill.