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Former US special counsel Jack Smith leaves after testifying before the House Judiciary Committee about his investigations into President Donald Trump, on January 22, 2026. SAUL LOEB/via Getty Images/AFP hide caption toggle caption SAUL LOEB/via Getty Images/AFP House Republicans are urging the Justice Department to launch a criminal investigation into former special counsel Jack Smith, alleging that Smith made false statements last year about his effort to gather phone records of lawmakers. House Judiciary Chairman Jim Jordan, a Republican from Ohio, wrote DOJ late Wednesday to argue Smith “seemingly made willfully and intentionally false statements” when he answered questions under…

The exterior of an Albertsons supermarket as shoppers browse for groceries ahead of the Thanksgiving Day holiday in Redmond, Washington, Nov. 24, 2025.David Ryder | ReutersShares of grocer Albertsons sank more than 20% on Thursday after the company lowered its fiscal 2026 outlook, citing softer demand and a more cautious consumer.The company said it is now “moving decisively” to invest in the customer experience because it believes that will improve its growth trajectory.”In the first quarter, our digital and pharmacy businesses continued to deliver strong growth, while core grocery faced increasing pressure from softer industry unit trends and a more…

Robert F. Kennedy Jr., US secretary of Health and Human Services (HHS), during a celebration at the Health and Human Services (HHS) headquarters in Washington, DC, US, on Thursday, Jan. 8, 2026. Kent Nishimura | Bloomberg | Getty ImagesRobert F. Kennedy Jr. took the helm of the U.S. Department of Health and Human Services last year promising to overhaul the U.S. food system and restore confidence in the agencies that oversee it. The secretary of the Department of Health and Human Services now faces one of his biggest tests yet, as the country tries to contain an outbreak – or…

People walk by the Comcast building which houses NBC Studios in Manhattan on June 29, 2026 in New York City. Spencer Platt | Getty ImagesComcast’s second-quarter results on Thursday showcased strength at NBCUniversal — particularly in its TV and film units — as the company prepares to split its media and broadband businesses apart. NBCUniversal’s streaming service, Peacock, hit profitability during the quarter for the first time, Comcast said, giving the media business a lift. The streaming service also benefited from live sports including the FIFA World Cup and NBA postseason that brought in new subscribers. Revenue in the company’s…

American Airlines further cut its 2026 earnings outlook Thursday, citing higher fuel costs, a sign that a jump in fares isn’t enough for the U.S. airline that flies the most to fully offset this year’s spike in fuel prices.Its shares were off roughly 8% in early trading Thursday. The carrier’s executive team has been working to convince investors that the airline could improve its multibillion-dollar profit gap with rivals.American said it could post an adjusted loss per share of as much as 65 cents up to earnings per share of 65 cents this year, below the range it estimated in…

A Ford logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, on March 27, 2024.David Dee Delgado | ReutersChina automaker Geely will build electric vehicles at a Ford Motor plant in Spain under a new manufacturing joint venture in Europe, the companies announced Thursday.Pending regulatory approvals, the companies said the joint venture will begin operations in the first half of 2027, with the first new vehicles scheduled to roll off the line in 2028. The Valencia, Spain, plant will continue to produce the Ford Kuga in the meantime, according to a news…

The Eli Lilly logo appears on the company’s office in San Diego, California, Nov. 21, 2025.Mike Blake | ReutersEli Lilly on Thursday said it will file for approval of its next-generation obesity drug in the first quarter of 2027, as the treatment succeeds in two more late-stage trials. The pharmaceutical giant previously said it would submit an application as early as this year for the weekly injection, retatrutide, which works differently and appears to be more effective than existing shots and pills. In a statement to CNBC, Lilly said it needs more time to gather and verify the manufacturing and quality-control…

The design ideas landing in Bob Bennett’s inbox have gotten a lot stranger: floating parts and too-fragile pieces that defy basic laws of gravity.As the owner of Bennett Awards, which manufactures “deal toys” that bankers use to commemorate transactions, Bennett is keeping busy during this blockbuster year for dealmaking— and sorting through a new boom in AI-generated designs.Demand for deal toys, which are handed out after a transaction goes through, often rises alongside dealmaking, which has surged this year, according to LSEG data. In the first half of 2026, the value of global M&A deals reached $2.83 trillion, up 49%…

This as-told-to essay is based on a conversation with Robbin Peterson, the development director at the West Seattle Food Bank in Seattle. Peterson spoke with Business Insider on Tuesday, two days after the US Food and Drug Administration said a test result tying iceberg lettuce from Taylor Farms to the cyclospora outbreak was a “false positive.” Taylor Farms did not respond to a request for comment on this essay.A big part of what we do here is “grocery rescue.”Grocery stores and food wholesalers often offer us food that they cannot or will not sell. Often, that’s because they’ve purchased too…

Millennium considers a select group of employees “change agents” — and they’re not top portfolio managers or senior executives.Instead, those tasked with transforming the firm from within are summer interns on a new AI track, a program that’s part of a broader effort among top hedge funds to invest in young employees.”Doubling down on early career talent and the age of AI is important,” said Mallory Triano, Millennium’s global head of campus recruiting. “It obviously was a strategic decision for Millennium to really focus on bringing those that have native AI fluency and innovation.”The new track is part of a…