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 via U.S. Patent and Trademark Office

Patent Drop

IBM May Pay Closer Attention to AI Risk Amid Model Boom

The context in which an AI model is used can change how much risk it presents, and who it affects.

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

Patent Drop

Meta’s Costly Reality Labs Bet May be a ‘Test Bed’ for AR Glasses

Peripheral devices add another layer of friction onto the experience that stands to turn off users.

2 min read
Photo by Gage Skidmore via CC BY-SA 2.0

Advisor Upside

Ahead of Trump 2.0, Advisors Dig into Policy

The markets reacted positively to a second Trump term, but financial advisors are still sorting out the impacts.

2 min read

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