Buckle up: another Tesla recall

Tesla has issued another recall, this one over seat belts that fail to warn drivers when they’re unbelted, Reuters reports. The struggling electric car company has issued a number of recalls this year, including two for its long-awaited Cybertruck, amid a 14% decline in its stock price. This is all while its CEO Elon Musk fights for shareholder approval for his record $56 billion pay package. The latest recall affects 125,000 cars and is just the latest example of chaos in Tesla town. The company plans to release an over-the-air software update to fix this issue, with deployment expected to start in June.

Tesla to recall 125,227 vehicles over faulty seat belt warning system

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Delta, the K-shaped airline

Delta’s premium ticket sales grew more than 7% in 2025. Its main cabin ticket sales fell 5%.

Diageo is considering selling parts of its struggling China business

The Guinness and Johnnie Walker giant has its work cut out in the nation, where drinking has sunk since 2015.

Max Knoblauch1/12/26

Paramount sues Warner Bros. for more info on its deal with Netflix, says it plans to nominate new directors

It’s a fresh week and that means a fresh bit of escalation in the ongoing Warner Bros. Discovery merger drama.

At an upcoming meeting, Paramount Skydance plans to “nominate a slate of [WBD] directors who, in accordance with their fiduciary duties, will... enter into a transaction with Paramount,” CEO David Ellison wrote in a letter to WBD shareholders disclosed on Monday.

Ellison also said that Paramount sued WBD in Delaware court in an effort to force the board to disclose “basic information” that will allow shareholders to make an informed decision between Paramount’s offer and one from Netflix. WBD shares dipped about 2% on Monday morning.

The latest update follows Paramount’s move last week to reaffirm — but not raise — its $30-per-share offer for WBD. Some saw that decision as Paramount effectively throwing in the towel on its merger hopes, given that the same deal has been rejected twice by the WBD board and winning over shareholders directly is a difficult process. Monday’s disclosure appears to signal that whether it loses or not, Paramount isn’t going to make Netflix’s acquisition easy.

Hyunsoo Rim

one battle after another

1/12/26

Saks Global nears bankruptcy as department stores lose ground in America

On top of its debt-laden luxury merger, the retailer’s operating in a sector that’s been in retreat for over 20 years.

Claire Yubin Oh

QLO-UP

1/9/26

Uniqlo’s shiny international stores are pumping its sales as it targets Inditex’s crown

Even Uniqlo’s Japan business now sees 10% of its revenue coming from foreign tourists.

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