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Musk's 2018 Tesla Pay Plan Reinstated After 7-Year Battle

Elon Musk won reinstatement of his 2018 pay package as CEO of Tesla, after the Delaware Supreme Court reversed the finding of a judge who said the billionaire had influenced board members.

December 19, 2025

Polestar Receives Lifeline With $300 Million in New Financing

Polestar Automotive Holding UK has secured $300 million in new financing, giving the cash-burning electric vehicle maker a fresh lifeline as it contends with heavy losses.

December 19, 2025

Scott McPherson to Succeed George Holm as PFG CEO

The move comes less than one month after Richmond, Va.-based PFG and US Foods called off talks for a planned merger that would have reshaped the food service carrier arena.

December 19, 2025

N.Y. Offers $300M in Port Improvements to Back Wind Projects

New York is offering $300 million for port improvements in a signal of support for an offshore wind industry that’s been battered by the Trump administration. 

December 19, 2025

9 Drugmakers Reach Deals With Trump on Prices to Avoid Tariffs

President Trump announced deals with nine pharmaceutical companies, the latest in a series of pacts designed to lower prices for some Americans in exchange for a reprieve from tariffs.

December 19, 2025

FedEx Posts Higher Earnings as Spinoff Plans Advance

The results hovered around expectations by investment analysts on Wall Street, which had been looking for $4.07 per share and quarterly revenue of $22.88 billion.

December 19, 2025

Averitt Expands Dedicated Unit to Include Tanker Operations

Averitt Express added dedicated tanker truck services to its logistics offerings for bourbon distilleries, expanding its long-standing role in supporting the industry.

December 19, 2025

Maersk, Hapag-Lloyd Reroute Ships From Baltimore

A.P. Moller-Maersk and Hapag-Lloyd have switched a major route for their Gemini joint venture to the Delaware River container terminals, effective Jan. 4.

December 19, 2025

Stord to Expand Facilities in Kentucky, Adding 500 Jobs

Stord is planning a $40 million upgrade to an existing facility in Hebron and will add another building to its Kentucky footprint for fulfillment operations just outside Cincinnati.

December 19, 2025

More US Beef Plants May Close as Cattle Herds Keep Tightening

Cattle placed in U.S. feedlots, where animals are fed until ready to be slaughtered, are expected to have dropped in November to the lowest levels for the month since 2015, Bloomberg reports.

December 19, 2025