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 by Sanket Mishra via Pexels

Big Tech

Meta Jostles With EU and US Regulators in Same Week

European authorities fined Meta for allegedly engaging in antitrust behavior by favoring its classified service Facebook Marketplace.

2 min read
Photo via U.S. Patent and Trademark Office

Patent Drop

Ford EV Slowdown Signals a Market “Inflection Point”

Charging infrastructure remains a barrier in EV adoption.

2 min read
Photo via U.S. Patent and Trademark Office

Patent Drop

Disney Doesn’t Want to be Left Behind in AI

The company’s recent patent signals that AI is coming both for the world of advertising and entertainment at large.

2 min read

Sign Up for The Daily Upside to Unlock This Article

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