WeWork Files For Bankruptcy Protection

Office sharing giant WeWork has filed for Chapter 11 bankruptcy protection, this is a huge fall as the company once valued at $47 million, reports the Associated Press. WeWork announced it reached a restructuring support agreement with a majority of stakeholders to reduce its debt and reassess its commercial office lease portfolio. This move is…

ByFinance Capitol StaffNovember 7, 2023

Financial Updates

Chevron Will Buy Hess For $53 Billion

Chevron will buy Hess Corp. for $53 billion in one of the biggest acquisitions in energy this month, just after Exxon Mobil said it would acquire Pioneer Natural Resources for $60 billion. According to a report by the Associated Press, both deals come as most major producers are seeking investment while oil prices surge amid…

ByFinance Capitol StaffOctober 31, 2023

Financial Updates

Amazon Invests $4 Billion In AI Startup Anthropic

Amazon is investing up to $4 billion in AI startup Anthropic and taking a minority stake in the company as a part of a plan to keep Alexa at peace with new AI technology, reports the Associated Press. Both companies said the deal is part of a much larger collaboration to develop foundation models, which…

ByFinance CapitolSeptember 26, 2023

Financial Updates

Microsoft Is Closer To Acquire Activision Blizzard Thanks To British Regulators

Microsoft’s restructured $69 billion deal to buy video game maker Activision Blizzard is now closer to going through as British competition regulators gave their preliminary approval. If the deal goes through, it will be one of the largest tech transactions in history, reports the Associated Press. The Competition and Markets Authority said the restructured proposal…

ByFinance Capitol StaffSeptember 21, 2023

National News

Biden Issues An Order To Block U.S. Investment In Chinese Technology

President Joe Biden issued an executive order to block and regulate U.S. investments in Chinese technology. The executive order covers computer chips, microelectronics, quantum information technologies and artificial intelligence. According to the Associated Press, the order is focused on maintaining national security rather than being focused on economic and financial interests. The order seeks to…

ByFinance Capitol StaffAugust 15, 2023

National News

Amazon Will Have Eight Solar Projects In Georgia

Amazon wants to have eight solar farm projects in Georgia. Its latest solar project is now operating in Warren County. According to a report by WRDW-TV News 12, Amazon is supporting a growing number of solar projects in Georgia that will provide clean energy to power homes and businesses and will also help power Amazon’s…

ByFinance Capitol StaffJuly 20, 2023

National News

Five Red States With Solar Farms That Have Thrived

Solar energy is for everyone, even for the most conservatives’ states, and in fact, there are plenty of conservative states with solar farms that have thrived. Thanks to the Inflation Reduction Act, the red states are receiving more investment than blue states in renewable energy. These are 5 red states with solar farms that have…

ByFinance Capitol StaffJuly 13, 2023

National News

President Biden Defends His Economic Leadership Under The Name Of “Bidenomics”

President Joe Biden traveled to Chicago last Wednesday to give a speech about the U.S. economy thriving under “Bidenomics”. The President defended his economic leadership though a new poll shows that just 34% approve of his handling. According to a report by the Associated Press, Biden said his administration was helping the nation recover after…

ByFinance Capitol StaffJuly 11, 2023

National News

Pfizer Expects To Run Out Of Antibiotic Supply Soon

June 13 (Reuters) - Pfizer has warned that a drug used to treat syphilis and other bacterial infections in children could run out by the end of June as a spike in infections has put pressure on an already short supply of the antibiotic. Supply of the drug, Bicillin L-A, is expected to be exhausted…

ByRaghav Mahobe, ReutersJune 16, 2023

National News

North America’s Biggest Floating Solar Farm Goes Live In New Jersey

The biggest floating solar farm in North America is now officially online and ready to produce clean energy. This solar farm covers 17 acres of the Canoe Brook reservoir in Short Hills, New Jersey and, with 16,510 solar panels, it will produce enough energy to power 1,400 homes annually. Also, the solar array will provide…

ByFinance Capitol StaffJune 15, 2023

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