Top Goldman Sachs real estate banker Todd Eagle has quit the David Solomon-led firm, The Post has learned.Insiders told The Post his name has been scrubbed from the bank’s internal staff directory and that he is set to join smaller Wall Street rival Jefferies, where he is expected to become the US head of real estate banking.Eagle is no longer with Goldman Sachs and is set to join Jefferies. Todd Eagle / LinkedInHe will report to Michael Bluhm, who is the global head of real estate, gaming & lodging at the ...

"Rather than build through legitimate innovation, trial, and technical rigor, Defendants took a shortcut: theft," the lawsuit says. "They misappropriated Tesla's most sensitive materials, sidestepped the laborious process of development, and launched a company based not on original discovery, but on stolen work." Tesla is seeking unspecified "compensatory and exemplary damages" against Li, as well an order barring Li and his associates from using any of the company's trade secrets. The company also requeste ...

Boeing’s shares fell 5% on Thursday after an Air India 787-8 Dreamliner jet crashed minutes after taking off, posing a major setback for the planemaker as its new CEO looks to rebuild trust following a series of safety and production challenges.All 242 people on board the London-bound plane were killed in the crash in the western city of Ahmedabad, authorities said, in the world’s worst aviation disaster in a decade.It was not immediately clear what caused the crash. Boeing said in a statement it was aware ...

General Motors is investing $4 billion in its U.S. plants over the next two years to boost the manufacturing of gas and electric vehicles.With the multibillion-dollar investment, the Michigan-based automaker will be able to assemble more than 2 million vehicles per year in the U.S. The latest investment comes just two weeks after the company announced it earmarked $888 million for its Tonawanda Propulsion plant near Buffalo, New York, to support production of its next-generation V-8 engine.Prior to the inve ...

Apollo Global Management and Irth Capital Management have approached Papa John’s International for a $2 billion deal that would take the pizza chain private, two people familiar with the matter said Wednesday.The investment firms’ joint bid would value Papa John’s, the world’s third-largest pizza delivery company, just above $60 per share, said the people, who asked not to be identified because the deal is private.The investment firms’ joint bid would value Papa John’s, the world’s third-largest pizza deliv ...

Disney and Universal have filed a copyright lawsuit against popular artificial intelligence image-generator Midjourney on Wednesday, marking the first time major Hollywood companies have enter the legal battle over generative AI.Filed in federal district court in Los Angeles, the complaint claims Midjourney pirated the libraries of the two Hollywood studios to generate and distribute “endless unauthorized copies” of their famed characters, such as Darth Vader from Star Wars and the Minions from Despicable M ...

Google is offering a fresh round of buyouts to some employees and cracking down on remote workers as it shifts more resources toward the artificial intelligence race, the company confirmed on Wednesday.The Big Tech giant, led by CEO Sundar Pichai, ordered remote workers on some teams to spend at least three days in the office per week. The mandate applies to remote workers who live within 50 miles of an office. “A number of teams are also asking remote employees who live near an office to return to a hybrid ...

Tesla CEO Elon Musk said the electric vehicle maker expects to launch its long-awaited driverless robotaxi service in Austin, Texas, on June 22.The exact date could change because Tesla is being “super paranoid about safety,” Musk wrote in a post on X Tuesday night.He shared a video from another user on X showing a Tesla robotaxi slowly turning around a corner and pausing for pedestrians crossing the street as it took a test drive through the Texas capital.  3 Tesla’s long-awaited driverless robotaxi serv ...

Core Insights - Rite Aid is undergoing bankruptcy proceedings, with various companies, including Walgreens and brand management firms, evaluating its remaining assets [1][4][9] - Kourtney Kardashian has shown interest in acquiring Rite Aid's Thrifty ice cream brand, which has a history dating back to 1940 [3][7] Group 1: Bankruptcy and Asset Evaluation - Rite Aid operates approximately 1,200 stores and serves around 8 million customers, having filed for bankruptcy for the second time in two years [4][8] - The bankruptcy judge has approved store closures and the sale of customer prescription files to 13 buyers, including CVS Health and Walgreens [4][10] - Brand management companies such as Authentic Brands Group, WHP Global, and Marquee Brands are assessing Rite Aid's intellectual property and loyalty program [1][2] Group 2: Interest in Thrifty Ice Cream Brand - Kourtney Kardashian, co-founder of Lemme and owner of Poosh, is interested in Rite Aid's Thrifty ice cream brand, which is sold at various retailers [3][5][6] - Thrifty ice cream has a notable history and has attracted interest from consumer-focused private equity firms as well [7]

Core Insights - Meta Platforms has agreed to acquire a 49% stake in Scale AI for $14.8 billion, which is significant for the development of AI tools like ChatGPT [1] - The deal is expected to benefit Scale AI's investors and employees, indicating a positive outlook for the startup [2] - Scale AI CEO Alexandr Wang will assume a leadership role at Meta, overseeing a new "superintelligence" lab [4] Company Strategy - Meta is actively recruiting top AI researchers to enhance its AI capabilities, addressing concerns about falling behind in the AI race [5][8] - The company has faced challenges with its Llama 4 large language models and has delayed the release of its flagship "Behemoth" AI model due to performance concerns [5] - The structure of the deal with Scale AI may be designed to mitigate regulatory scrutiny, reflecting Meta's ongoing antitrust challenges [6][7] Financial Performance - Scale AI was valued at $13.8 billion in a recent funding round and generated approximately $870 million in revenue in 2024, with expectations to exceed $2 billion in 2025 [7] - The company serves notable clients, including OpenAI, Microsoft, and Cisco Systems, highlighting its importance in the AI ecosystem [7]