Bankruptcy

Consumer

Stoli’s US Bankruptcy is Just the Latest Sign of Hard Times for Spirits

Photo by Watts via CC BY 2.0

Stoli Group USA, the maker of the eponymous vodka, had bankruptcy protection to be thankful for during last week’s holiday.

2 min read

Photo by Randolph Rojas via Unsplash

Industries

Spirit Airlines Finally Files for Chapter 11 Bankruptcy

Budget-friendly Spirit Airlines hasn’t reported an annual profit since 2019, and has lost some $2.2 billion since 2020.

1 min read
Photo by Kirk Allen via CC BY 3.0

Consumer

TGI Fridays Files for Chapter 11 Bankruptcy

This weekend, TGI Fridays filed for Chapter 11 bankruptcy, making it the latest in its class to raise the white flag.

1 min read
Photo by SHVETS Production via Pexels

Healthcare

Biotech That Once Promised ‘Next Gen’ COVID Vaccine Files for Bankruptcy

Gritstone Bio announced it is “taking action” to “preserve value and strengthen capital structure” on Thursday.

2 min read

Photo illustration by Connor Lin / The Daily Upside, Photos by Gage Skidmore via CC BY-SA 2.0 and Kremlin.ru via CC BY 4.0

Geopolitics

Saudi Arabia Pulls Back as Trump Reemerges on World Stage

Saudi Arabia’s Mammoth Public Investment Fund Turns Inward Just As One of the Country’s Top Allies Reclaims the White House.

6 min read
Photo by Pitipat Usanakornkul via Pexels

M&A

Cheerios Owner Buys Petcare Brand for $1.45 Billion

Snacking conglomerates all agree: Petcare mergers and acquisitions are the cat’s pajamas. Just ask General Mills.

1 min read
Photo by David Peperkamp via iStock

Media & Entertainment

Disney’s Streaming Bet is Paying Off. So What’s Next?

Has Bob Iger now done it? Has he restored the magic, the thing defeated activist agitator Carl Icahn said was missing?

2 min read

Sign Up for The Daily Upside to Unlock This Article

Sharp news & analysis on finance, economics, and investing.