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Kodak May Not Survive After 130+ Years, Iconic Film Company Warns: 'Substantial Doubt' Kodak May Not Survive After 130+ Years, Iconic Film Company Warns: 'Substantial Doubt'
Kodak May Not Survive After 130+ Years, Iconic Film Company Warns: 'Substantial Doubt' Kodak's "moment" may be coming to an end after 133 years. Eastman Kodak Company is warning investors that it may not be able to continue operating without securing new financing. The Rochester, New York, company disclosed its financial concerns in its quarterly earnings release on Monday, Aug. 11. The pioneering photography brand reported a $26 million loss in the second quarter of 2025. That's a $52 million swing from the same period in 2024. The poor earnings report sent Kodak's stock tumbling nearly 20% on Tuesday, Aug. 12. "As a result, these conditions raise substantia…

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by Chris Spiker
Business
Merck Stock Drops, Layoffs Begin In $3B Restructuring Plan Merck Stock Drops, Layoffs Begin In $3B Restructuring Plan
Merck Stock Drops, Layoffs Begin In $3B Restructuring Plan Merck, a pharmaceutical company headquartered in Rahway, announced it will be undergoing layoffs after a disappointing second quarter.  In its earnings report, Merck said it aims to save more than $3 billion in cost savings as part of a "multiyear optimization initiative."  The restructuring program includes eliminating certain administrative, sales and research and development positions. Merck did not say how many people would be laid off, but said they aim to achieve the cost savings by 2027.  To save money, the company plans to reduce office space and optimize its manufac…

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by Sam Barron
News
Anne Burrell’s Cause Of Death Revealed Weeks After Food Network Star Was Laid To Rest Anne Burrell’s Cause Of Death Revealed Weeks After Food Network Star Was Laid To Rest
Anne Burrell’s Cause Of Death Revealed Weeks After Food Network Star Was Laid To Rest The mystery surrounding celebrity chef Anne Burrell’s unexpected death has taken a devastating turn. Burrell died by suicide, the New York City Medical Examiner’s Office confirmed to Daily Voice on Thursday, July 24. Burrell, 55, was found unresponsive in the shower of her Brooklyn apartment on the morning of Tuesday, June 17. Police responded to a 911 call around 7:50 a.m. for a possible cardiac arrest and found her surrounded by approximately 100 assorted pills, according to an internal NYPD report cited by The New York Times. The Medical Examiner’s Office determined Burrell died from “a…

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by Michael Mashburn
News
Maryland Doctor Who Ran 45-State Pill Mill In DC Learns Prison Fate Maryland Doctor Who Ran 45-State Pill Mill In DC Learns Prison Fate
Maryland Doctor Who Ran 45-State Pill Mill In DC Learns Prison Fate A Maryland physician will spend nearly two decades behind bars for handing out addictive opioids to patients he barely examined — in what federal officials say was a massive pill mill operation that spanned the entire country. Ndubuisi Joseph Okafor, 65, of Upper Marlboro, was sentenced to 18 years in federal prison after a jury found him guilty of illegally prescribing powerful drugs like oxycodone and promethazine with codeine to people using fake names — and collecting cash for each visit. The sentencing was announced by US Attorney Jeanine Ferris Pirro and follows Okafor’s March 21 conv…

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by Zak Failla
Business
Wegovy Provider Ends Hims & Hers Deal Over Knockoff Weight-Loss Drug Sales Wegovy Provider Ends Hims & Hers Deal Over Knockoff Weight-Loss Drug Sales
Wegovy Provider Ends Hims & Hers Deal Over Knockoff Weight-Loss Drug Sales Novo Nordisk has ended its partnership with Hims & Hers Health after two months, accusing the telehealth company of pushing illegal knockoff versions of its weight-loss drug Wegovy and deceptive marketing. The pharmaceutical giant with US headquarters in Plainsboro, New Jersey, announced the termination of its deal with Hims & Hers in a news release on Monday, June 23. Shares in Hims & Hers plummeted more than 26% when Wall Street began trading for the day. The move comes weeks after the Food and Drug Administration declared that the nationwide shortage of Wegovy was resolv…

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by Chris Spiker
Business
US, UK Unveil New Agreement In Trump's First Post-Tariff Trade Deal: Here's What's In It US, UK Unveil New Agreement In Trump's First Post-Tariff Trade Deal: Here's What's In It
US, UK Unveil New Agreement In Trump's First Post-Tariff Trade Deal: Here's What's In It The United States and the United Kingdom have announced a trade agreement, the first deal since President Donald Trump announced sweeping tariffs that have shaken the US economy. Trump unveiled the outline of the new trade deal in the Oval Office on Thursday, May 8. The agreement keeps the original 10% baseline tariff that Trump imposed on the UK during his "liberation day" announcement nearly a month ago. A chart posted by Trump on his social media platform Truth Social claimed that the US-UK deal will bring in $6 billion in tariff revenue and $5 billion in new market access. "Today'…

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by Chris Spiker
News
Inflation Fears Hit 44-Year High As Trump Tariffs, Market Crash Sink Consumer Sentiment: Survey Inflation Fears Hit 44-Year High As Trump Tariffs, Market Crash Sink Consumer Sentiment: Survey
Inflation Fears Hit 44-Year High As Trump Tariffs, Market Crash Sink Consumer Sentiment: Survey Concerns about inflation have spiked to their highest level in nearly 45 years, while consumer confidence plunged for the fourth straight month as Americans grow increasingly anxious about the economy, a new survey said. Americans now expect prices to climb 6.7% over the next year, the University of Michigan's Surveys of Consumers said on Friday, April 11. That's the highest inflation expectation reading since 1981 for the closely watched survey. While inflation cooled slightly in March, the latest federal numbers came before President Donald Trump announced his "liberat…

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by Chris Spiker
News
Trump Slaps 25% Tariff On Foreign Cars, Trucks As Economic Fears Rise Domestically Trump Slaps 25% Tariff On Foreign Cars, Trucks As Economic Fears Rise Domestically
Trump Slaps 25% Tariff On Foreign Cars, Trucks As Economic Fears Rise Domestically President Donald Trump has imposed a 25% tariff on all foreign-made autos, the latest in a chaotic series of tariff threats and trade war escalations that have fueled significant economic turmoil and anxiety. Trump signed an executive order to place the tariffs on cars and light trucks at the White House on Wednesday, Mar. 26. The tariffs go into effect Wednesday, Apr. 2, and the US will begin collecting duties on the following day. The measure builds on the existing 2.5% auto tariffs, which Trump has claimed would generate more than $100 billion in new annual revenue for the…

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by Chris Spiker
Business
February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion
February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion The US labor market fell short of expectations in February, adding to growing economic uncertainty from trade disputes, a hiring slowdown, and ongoing federal job cuts. The nation's economy added 151,000 jobs in February, according to data from the Bureau of Labor Statistics released on Friday, Mar. 7. That number was lower than the Dow Jones consensus forecast of 170,000, CNBC reported. Job growth lagged behind the 12-month average of 168,000, signaling a labor market slowdown. Healthcare led with 52,000 new positions, followed by financial activities (+21,000), transpo…

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by Chris Spiker