Nathan Bomey

Shoes that cost the same as an iPhone — and with just about as much technology — are helping runners shatter records and triggering a feverish race among shoe companies.

The merger comes at a time when the theme park industry is still struggling with COVID’s economic fallout.

The nation’s largest drugstore chain is reeling from labor shortages, competition, retail theft and now a worker walkout.

Toyota is raising the wages of its non-unionized factory workers after the UAW strikes at General Motors, Ford and Stellantis culminated in pay hikes for unionized employees.

Sen. Josh Hawley (R-Mo.) and Sen. Cory Booker (D-N.J.) will introduce a bill that would prohibit the U.S. government from signing contracts with companies that’ve violated child labor laws, Axios has learned.

UAW president Shawn Fain also said the union will seek to organize non-unionized auto companies after the strike is over.

Tesla fell short of expectations on third-quarter profit and earnings as price cuts and increased investments offset higher sales.

The slow-motion collapse of Rite Aid threatens to eliminate the nation’s third-largest drugstore chain, accelerating the evolution of the prescription drug business.

“We are looking for only one thing – a deal, a tentative agreement,” Fain said.

The sector is taking major bankruptcies and digital disruption in stride, while rising interest rates are limiting new construction.