Jordan Valinsky
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145 CEOs Sign a Letter Pleading with Congress to Address Gun Violence

145 CEOs Sign a Letter Pleading with Congress to Address Gun Violence

145 have demanding the US government take action on gun violence. Their plea, which follows the recent rash of mass shootings, is among Corporate America's strongest statements yet against America's gun violence epidemic.In a draft letter addressed to the Senate, the leaders demand that lawmakers "support common-sense gun laws" already passed by the House and that "doing nothing about America's gun violence crisis is simply unacceptable." It was. The group is pushing senators to pass a bill that requires background checks on all gun sales and red flag laws. The latter enables those (aka red...

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Jordan Valinsky
September 12, 2019
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Mark Zuckerberg to testify before Congress twice next week

Mark Zuckerberg to testify before Congress twice next week

Zuckerberg: 'Happy' to testify before CongressHe's set to appear before a joint hearing of the Senate Judiciary and Commerce committees on Tuesday afternoon followed by a House Energy and Commerce Committee hearing the following morning. "Our joint hearing will be a public conversation with the CEO of this powerful and influential company about his vision for addressing problems that have generated significant concern about Facebook's role in our democracy, bad actors using the platform, and user privacy," Sen. John Thune, the chairman of the Commerce Committee, Wednesday. Sen. Chuck...

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Jordan Valinsky
April 6, 2018
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Peloton Tread+ owners told to stop using the treadmill in 'urgent warning'

Peloton Tread+ owners told to stop using the treadmill in 'urgent warning'

New York (CNN Business)A US government agency issued an "urgent warning" for users of following multiple dangerous incidents with the machine, In a Saturday, the Consumer Product Safety Commission said it has become aware of 39 accidents involving the treadmill, including "multiple reports of children becoming entrapped, pinned, and pulled under" the $4,295 device. The CPSC said it's urging customers with small children and pets to stop using the machine immediately. The statement comes after a March incident with the machine that involved a child's death. Peloton CEO John Foley sent a...

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Jordan Valinsky
Apr 17
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More than 100 business leaders speak out against voting restrictions

More than 100 business leaders speak out against voting restrictions

New York (CNN Business)and other high-ranking leaders from more than 100 companies including Target, Snapchat and Uber issued a public statement Friday opposing any measures that "We believe every American should have a voice in our democracy and that voting should be safe and accessible to all voters," the said. The companies are part of Civic Alliance, a coalition that "recognizes that a strong democracy is good for business," according to its website.The statement comes as businesses are under growing pressure to condemn legislation in Georgia, Texas, and other key states where...

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Jordan Valinsky
Apr 1
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Coca-Cola CEO wants Congress to act after Georgia's voting law

Coca-Cola CEO wants Congress to act after Georgia's voting law

New York (CNN Business)Coca-Cola CEO James Quincey is against , saying he wants to be "crystal clear and state unambiguously that we are disappointed" in the .In a released Thursday, Quincey said that Coke, which is headquartered in Atlanta, has "long championed efforts to make it easier to vote" and has previously opposed legislation that "would diminish or deter access to voting." "Our focus is now on supporting federal legislation that protects voting access and addresses voter suppression across the country," Quincey said. "We all have a duty to protect everyone's right to vote, and we...

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Jordan Valinsky
Apr 1
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Chipotle is giving away $100,000 in bitcoin

Chipotle is giving away $100,000 in bitcoin

New York (CNN Business)Chipotle is jumping into the . Sort of.No, the chain isn't accepting the cryptocurrency as payment for its Mexican dishes. Instead, is giving away $100,000 worth of bitcoin on Thursday to celebrate National Burrito Day. The contest marks the first time a US restaurant chain has given away bitcoin, according to Chipotle.To win, fans can visit the website launching Thursday to try to guess a valid six-digit code. Each player gets 10 tries during the contest, which runs from noon to 9 pm ET. Correct guesses could win up to $25,000 in bitcoin ... or a free burrito, as...

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Jordan Valinsky
Mar 3
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Beyond Meat strikes partnerships with McDonald's and Yum Brands

Beyond Meat strikes partnerships with McDonald's and Yum Brands

New York (CNN Business)Beyond Meat has inked two new major new deals, with McDonald's and Yum Brands, that will bring new plant-based items to fast food menus.The separate distribution agreements announced Thursday will result in "craveable and innovative" new menu choices, the company said — including as well as plant-protein based pizza toppings, chicken alternatives and possibly taco fillings for Yum Brands' restaurants KFC, Taco Bell and Pizza Hut. Shares of soared 8% in early trading Friday. said the partnership will help them explore chicken, pork and egg alternatives and give...

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Jordan Valinsky
October 3, 2019
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Leaving Las Vegas: Sands is selling its casinos in a $6.25 billion deal

Leaving Las Vegas: Sands is selling its casinos in a $6.25 billion deal

New York (CNN Business)Las Vegas Sands Corp., the upscale resort and casino company , is leaving its namesake city and selling its two Nevada properties in a $6.25 billion deal.Apollo Global Management and Vici Properties are partnering to buy the Venetian, a 7,000 room resort on the Las Vegas Strip, and the nearby Sands Expo and Convention Center. Apollo is paying $2.25 billion for Venetian's operating company and Vici is buying the land and real estate assets for the remaining $4 billion. Apollo, a private equity firm, said the purchase is a major bet on Las Vegas, which has seen its...

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Jordan Valinsky
Jan 12
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McDonald's is bringing back an old favorite to its menu after a customer revolt

McDonald's is bringing back an old favorite to its menu after a customer revolt

New York (CNN Business) has heard the complaints and is bringing back the fan-favorite Hi-C Orange drink after a nearly four-year absence from soda fountains.The will begin reappearing in select US restaurants this month and will be available nationwide by June. McDonald's said in a release that its return was prompted by boisterous fans on social media that have "passionately asked for us to bring it back over the years."Hi-C Orange Lavaburst, a non-carbonated drink, was replaced in 2017 by Sprite Tropic Berry, a carbonated drink that was made by Coca-Cola exclusively for the chain. The...

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Jordan Valinsky
Feb 10
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Amazon, Google, GM, Starbucks and hundreds of companies join to oppose voting restrictions

Amazon, Google, GM, Starbucks and hundreds of companies join to oppose voting restrictions

New York (CNN Business)Hundreds of prominent executives from, including Amazon, Google, BlackRock and Starbucks, signed a statement that opposes discriminatory legislation that makes voting harder. The statement, printed Wednesday in an advertisement in the New York Times, was organized by Ken Chenault and Ken Frazier, two of America's most prominent Black corporate leaders. The statement called democracy a "beautifully American ideal" and for it to work, "we must ensure the right to vote for all of us.""We all should feel a responsibility to defend the right to vote and to oppose any that...

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Jordan Valinsky
Apr 14
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