The installation of DC fast chargers at three Love’s Travel Stops along Highway 99 expands the West Coast Electric Highway and takes a big step in the electrification of commercial fleets. ...
Starbucks Corporation (NASDAQ: SBUX) launched a new breakfast sandwich Tuesday featuring plant-based food maker Impossible Foods, in a potential blow to rival Beyond Meat Inc (NASDAQ: BYND). What Happened: Starbucks is adding a new Impossible breakfast sandwich to its U.S. food menu, and CNBC's Aditi Roy said it gives Impossible a "huge win" over its rivals.Beyond and Impossible have been fiercely battling within the fast-food space to gain new exposure.Impossible's products will be included at 15,000 Starbucks stores, and Roy said this triples the number of restaurants that sell Impossible products. Beyond recently won a deal to supply Starbucks stores in China with its plant-based products. Beyond's items can also be found in Canadian Starbucks stores.Why It's Important: Impossible has faced supply chain issues that may have prevented a large-scale deal with a major restaurant.This time around, the plant-based food maker struck a relationship with a large manufacturer that gives it...
(Bloomberg) -- Facebook Inc. suffered a setback in a key challenge to its business model as Germany’s highest civil court said that it has “no doubt” that the social network misuses its dominant market position.Judges at a hearing on Tuesday ruled that Facebook must comply with a strict order curbing the network’s leeway in tracking users’ browsing and smartphone apps even as it fights the original ruling in a lower court.“We have no doubt that Facebook has a dominant market position on the social network market and that it misuses its position,” said presiding judge Peter Meier-Beck of the Federal Court of Justice in Karlsruhe.In February 2019, the Federal Cartel Office made a landmark attack on Facebook’s advertising model, telling the company to stop “unrestrictedly collecting and using” data and combining it with users’ Facebook accounts without getting their “qualified” consent. One click to agree to its voluminous terms wasn’t enough...
(Bloomberg) -- Wirecard AG’s former chief executive officer was detained by Munich prosecutors as the scandal over 1.9 billion euros ($2.1 billion) that went missing from the Germany’s fintech company prompted probes into suspected market manipulation and false accounting.Markus Braun, who resigned last week, turned himself in Monday evening in Munich as part of a probe into the company’s accounting practices, prosecutors said in an emailed statement. At a hearing Tuesday afternoon, he was granted bail of 5 million euros ($5.67 million) -- one of the largest amounts ever posted in Germany.Wirecard faced further investigations as Germany’s top financial regulator BaFin on Tuesday reported the company to the prosecutors for alleged market manipulation. The regulator said a statement by Wirecard on Monday “heightened BaFin’s suspicions” that the presentation of the company’s revenue and assets in its 2016, 2017 and 2018 reports was incorrect.The company is fighting for survival after acknowledging the...
