>>Trading Week Winding Down (New York, NY) -- The opening bell rings this morning as the trading week starts to wind down. Stocks closed mixed on Thursday following the release of last month's consumer price index report. It showed the annual inflation rate is down to three-percent. Investors today will be keeping an eye out for the producer price index - another report used to gauge federal interest rate cut expectations.
>>FTC To Sue Trio Of Health Companies
(Undated) -- The Federal Trade Commission is planning to sue three large health companies, arguing they inflate costs for patients by acting as middlemen who negotiate the costs of medications. A source with knowledge of the matter identified the three companies being targeted this week as UnitedHealth, CVS Health and Cigna.
>>Energy Dept Grants To Struggling Auto Manufacturing Facilities Total $1.7 Billion
(Washington, DC) -- The Biden administration is pouring one-point-seven billion dollars into an effort to help struggling auto manufacturing facilities convert to produce electric or hybrid vehicles. The initiative announced Thursday will see funds flow to nearly a dozen facilities in eight states.
>>Report: Tesla To Delay Rollout Of Robotaxi (Austin, TX) -- Tesla is reportedly delaying the rollout of its Robotaxi. Bloomberg reported Thursday that the electric vehicle maker is pushing the unveiling from August 8th to some time in October. That word resulted in shares closing down about eight-percent, snapping an eleven-day winning streak.
>>The End Of Redbox (Oakbrook Terrace, IL) -- In what could be called the end of an era, Redbox is going out of business. For more than two decades, the company has rented out DVDs at thousands of kiosks across the company. That's all going away after its parent company, Chicken Soup for the Soul Entertainment, converted its Chapter 11 bankruptcy case to a Chapter 7 liquidation proceeding this week.
>>Coppola-Owned Hotel To Open In Georgia
(Peachtree City, GA) -- The director of film classics like the Godfather is opening a hotel in Peachtree City, Georgia. Don Corleone was big on diversifying assets, and now the film's director Francis Ford Coppola is doing the same by opening the All-Movie Hotel toward the end of the month. The hotel is aimed at filmmakers but everyone is welcome. Coppola tells Variety magazine the hotel is equipped with several movie editing suites and viewing rooms. He says he birthed the idea while in the area filming Megalopolis, realizing sometimes he wanted to focus on editing and other times he just wanted to relax. At the All-Movie Hotel filmmakers can do both interchangeably. The hotel opens on the 27th.
