Core Insights - Molson Coors Beverage Company plans to eliminate approximately 400 jobs, representing about 9% of its salaried workforce in the Americas, as part of a corporate restructuring plan aimed at addressing challenges in the alcohol industry due to slower consumer spending and tariff-related issues [1][6]. Group 1: Corporate Restructuring - The job cuts are part of a broader strategy to accelerate transformation within the company, as stated by the new CEO, Rahul Goyal, who emphasizes the need for urgency and bolder decisions to achieve growth [2][4]. - The restructuring will involve reinvestment in key categories, including the beer portfolio, premium mixers, non-alcoholic beverages, and energy drinks [4]. Group 2: Financial Implications - Molson Coors anticipates incurring charges between $35 million and $50 million in the fourth quarter, primarily related to cash severance payments and post-employment benefits [7]. - As of December 2024, the company employed around 16,800 people globally, indicating the scale of the workforce reduction [9].

Core Insights - General Motors (GM) is positioning itself to lead in the AI evolution within the automotive industry, planning to integrate conversational AI powered by Google Gemini into its vehicles next year, ahead of launching its own custom-built AI [1][2] - The automaker aims to enhance driver experience by allowing drivers to draft messages, plan routes with context, and prepare for meetings on the go, with updates starting in 2026 for OnStar-equipped vehicles from model year 2015 [2] - GM's broader vision includes creating vehicles that not only transport but also anticipate and adapt to driver needs, improving over time [3] AI Development - GM is developing its own custom-built AI tailored to each vehicle's intelligence and driver preferences, although a specific launch date has not been provided [5] - The AI platform will be integrated with OnStar to provide vehicle-specific insights, maintenance alerts, and optimized route planning, while also explaining car features and making recommendations based on driver history [6] Privacy and Control - The new AI system will include privacy controls, allowing drivers to manage what information they share and how personalized their experience is [8] Future Innovations - GM plans to introduce "eyes-off driving" technology in 2028, starting with the Cadillac Escalade IQ, which will handle driving tasks on highways, marking a progression from the current hands-free driving capabilities of Super Cruise [9] - The vehicle's dashboard will feature turquoise lighting to indicate when the system is active [10] - GM's approach to autonomous driving incorporates redundancy with LiDAR, radar, and cameras, providing a comprehensive 3D map of the vehicle's environment [11]

JANA Partners, a New York-based investment firm, has tapped NFL superstar Travis Kelce for a venture that is the literal definition of fun.  Kelce joins a group, which also includes consumer executive Glenn Murphy and technology executive Dave Habiger, that is investing in Six Flags Entertainment Corporation – the theme park giant with 42 locations across the United States, Mexico and Canada, with one coming to Saudi Arabia in 2026. This group will collectively own an economic interest of around 9%, or roug ...

It’s been a wild two days for Beyond Meat investors, with shares jumping over 146% after falling to a record low earlier this month.  Ticker Security Last Change Change % BYND BEYOND MEAT INC. 3.62 +2.15 +146.26% WMT WALMART INC. 106.22 -0.81 -0.76% On Tuesday, the battered plant-based meat company said it will expand its distribution deal with Walmart, the nation’s biggest retailer.  "At a time when many households are navigating rising food prices, we're pleased to introduce our new Beyond Burger value ...

Cracker Barrel CEO Julie Felss Masino told an investing conference on Tuesday that the company updated its logo so that it was more visible on highway billboards. She noted that the move wasn't meant to be ideological, according to The Wall Street Journal. "Part of this transformation is setting up success for the long term," Masino said during the 13D Monitor Active-Passive Investor Summit in New York City on Tuesday. CRACKER BARREL EXECUTIVE INSISTS RESTAURANT REMODELS ARE 'WHAT THE GUESTS ASKED FOR'Those ...

Warner Bros. Discovery, which counts CNN and HBO among its assets, announced Tuesday it is for sale amid interest from several suitors. The company previously announced plans to separate Warner Bros. and Discovery Global into two companies but announced that "unsolicited interest" from multiple parties for both the entire company and Warner Bros. gave the board of directors something to think about. "After receiving interest from multiple parties, we have initiated a comprehensive review of strategic altern ...

Disney plans to show off the red, white and blue in a major way as America approaches its 250th birthday.  "Disney Celebrates America" is a company-wide celebration beginning on Veterans Day and going through Independence Day weekend, the company announced.Along with special programming, storytelling and experiences, Soarin' Across America will debut at both Walt Disney World in Orlando, Fla., and Disneyland in Anaheim, Calif., by next summer. The "immersive new flight experience" in Disney California Adven ...

FIRST ON FOX: A new study says South Korea’s strict competition rules aimed at U.S. tech firms could cost both countries nearly $1 trillion in lost economic growth over 10 years. Research by the Competere Foundation, a nonprofit that educates policymakers on non-tariff barriers affecting global GDP, estimates that U.S. companies could lose $525 billion, while South Korean small businesses stand to lose about $469 billion.TRUMP URGED TO TAKE ON SOUTH KOREA OVER TECH REGULATIONS THAT TARGET US, SPARE CHINA Th ...

A major U.S. steelmaker is looking to help kickstart domestic production of rare earth minerals amid China's move to block access amid its trade dispute with the Trump administration. Cleveland-Cliffs, a steelmaker headquartered in Ohio, announced the rare earths plan on the company's quarterly earnings call on Monday."Beyond steelmaking, the renewed importance of rare earths has driven us to re-focus on this potential opportunity at our upstream mining assets," said Cleveland-Cliffs' CEO Lourenco Goncalves ...

An aluminum shortage is forcing a Michigan factory that produces certain Jeep vehicles, including its flagship luxury SUV, to temporarily halt production for several weeks.  A United Auto Workers (UAW) source told FOX Business that a shift at the Warren Truck Assembly plant in Michigan is on temporary layoff due to an aluminum supply chain issue. The halt in production is impacting the production of Jeep's Wagoneer and Grand Wagoneer, the source said. The UAW is a labor union representing the Big Three auto ...