American online food ordering and delivery platform
Jonathan Rinderknecht has pleaded not guilty to federal charges linked to the Palisades Fire that destroyed thousands of homes and killed 12 people. Prosecutors say the New Year’s blaze began Jan. 1, 2025 and grew into a deadly inferno by Jan. 7. Defense argues he is being blamed for firefighting failures. Jury selection is underway in a Los Angeles federal court and the trial is expected to last about two weeks.
SpaceX has priced the largest IPO in history at $135 per share, raising about $75 billion and valuing the company around $1.75 trillion. The debut has sparked a debate on whether the stock can sustain momentum, while Musk’s broader empire—SpaceX, Starlink, xAI—gains attention as investors weigh the long-term profitability and strategic moves.
Cred’s leadership shift and Meta’s $900 million investment strengthen WhatsApp’s push into payments and business services. Kunal Shah departs Cred to lead WhatsApp; Miten Sampat becomes interim WhatsApp chief strategy officer as Cred scales toward an IPO.
Yum Brands has agreed to sell Pizza Hut in two deals valuing the chain at $2.7 billion: LongRange Capital will buy Pizza Hut outside mainland China for about $1.5 billion, while Yum China will buy the mainland China business for about $1.2 billion. The transactions are expected to close in the third quarter of 2026.
Federal and local investigators have opened probes after a Tesla Model 3 drove across a Katy, Texas, lawn and crashed into a home on 19 June, killing 76‑year‑old Martha Avila. The driver, Michael Butler, has been arrested on suspicion of manslaughter and remains jailed on $150,000 bond; the victim’s family has filed a wrongful‑death suit naming Tesla and Butler.
Shifting consumer behavior amid rising restaurant prices shows grocery prepared foods gaining ground as a substitute for dining out. Chains report softer sales in March as gas prices spike, while some offer value promotions to attract budget-minded customers.
Disney has reorganized leadership under CEO Josh D’Amaro, integrating AI tools into streaming and signaling a broader push toward a “super app” strategy. Internal charts show reporting lines to top executives as Disney accelerates its tech and content ambitions while pursuing the potential phasing out of Hulu as a standalone service.
Federal and local probes have produced new findings and warnings about autonomous vehicles. The NTSB has reported that a Tesla driver manually overrode Full Self-Driving before a June crash that killed a 76‑year‑old in Katy, Texas. NHTSA has issued a directive demanding AV developers fix cases where driverless cars enter or block emergency scenes; Waymo and California regulators are under pressure over several incidents.
Officials say a string of fatal incidents involving immigration enforcement have prompted renewed scrutiny of DHS vetting and tactics. The Maine and Houston shootings have sparked demands for independent investigations and reforms as lawmakers push for oversight.
Uber is moving to acquire Delivery Hero, with Delivery Hero selling 14 markets to SSW Partners and both sides eyeing a deal valued well above €36 per share. The acquisition would expand Uber Eats across Europe, the Middle East, Asia and Latin America, while drawing regulatory scrutiny and potential competition concerns.
A wave of updates across Uber, Waymo, Baidu, and others is redefining autonomous-vehicle deployment in major markets. Partnerships are shifting, apps are expanding beyond rides, and regulators are sharpening standards. The evolving ecosystem is accelerating, with major players preparing for broader rollout in 2028 and beyond.
Uber has offered €41.50 per Delivery Hero share in a deal valuing the company at $14.8 billion. The all-stock transaction would expand Uber Eats across 99 countries and increase the overlap with its ride-hailing business. Regulators will scrutinize competition; 14 markets will be divested to SSW Partners to satisfy antitrust concerns. The deal is expected to close in H2 2027.
Agility Robotics has opened a 60,000-square-foot engineering and training facility in Fremont to scale Digit humanoid deployments in manufacturing and logistics, while Tesla and others push similar humanoid programs.
Xbox reports an outage lasting about 20 hours, affecting sign-ins and game launches. CTO Scott Van Vliet apologises and says a licensing service failure caused entitlement checks to fail. Microsoft will harden dependencies and roll out a fix to prevent future disruptions, amid renewed worries about a digital-only future in gaming.
DoorDash has revised its fee structure to vary service fees by distance and order size while keeping a fixed merchant delivery fee. The change, rolled out in most of the United States with several markets excluded for now, aims to reflect the effort involved in deliveries and to improve fee clarity for shoppers.
DoorDash has secured FAA Part 135 certification and has launched DoorDash Air, an in-house drone-delivery program developed by DoorDash Labs. The service aims to operate within a three-to-five-mile radius, while still relying on partners Wing and Flytrex. A phased commercial rollout will follow, with the Autonomous Delivery Platform coordinating among drivers, drones, the Dot robot, and other options.
The White House has convened a meeting with AI leaders to review a proposed cybersecurity framework for advanced models, following OpenAI's recent agent hacks and calls for greater government access. Attendees include executives from Hugging Face, Anthropic, and others; Meta and Alphabet may participate. Markets show mixed responses as investors watch the policy discussion unfold.
Public market debut of Jersey Mike’s raises about $1 billion at a $7.3 billion valuation. Blackstone introduces broad employee ownership for corporate staff, while franchisees and store workers remain ineligible. Reformation mirrors a cautious IPO environment with steady demand but muted first-day gains. The wave of private equity-backed listings shows resilience amid volatile markets.
A wave of government-backed cooking shows and dietary guidance has proponents arguing nutritious, affordable meals can beat fast food. Kennedy-led initiatives are highlighting home cooking as a public-health strategy amid rising costs and chronic disease concerns.
DoorDash is expanding robot-assisted loading and drone delivery pilots in the US, highlighting a shift in delivery logistics. Dashers have completed loading gigs for Dot robots in Arizona, and the company says humans remain essential as autonomous tools scale. Separately, DoorDash Air drones are being developed in-house after FAA certification, with pilots and integrations planned for future rollout.
A heated online clash over a $20 burrito reflects growing concerns about inflation and living costs. Conservative figures have traded barbs on X after Turning Point USA highlighted a student’s comment, drawing responses from Marc Thiessen and Vice President JD Vance. The exchange unfolds as voters label affordability a top issue ahead of the midterms.
New York City policymakers are weighing a tight squeeze on last‑mile delivery subcontracting. The Delivery Protection Act would require direct employment of workers at last‑mile facilities, threatening the DSP model used by Amazon and others. Mayor Mamdani says the bill will improve safety and accountability, while critics warn it will raise costs and potentially relocate operations.
Serve Robotics has expanded its autonomous sidewalk delivery rollout in Washington and San Jose, while continuing partnerships in Chicago, Los Angeles and Miami. Uber has divested its stake, signaling a strategic pivot as Serve scales the fleet and explores coordination with new partners.
The Fair Work Commission has issued a minimum standards order for on-demand gig workers in Australia, setting an earnings floor between $31.30 and $32 per hour, plus required personal accident insurance and third-party vehicle insurance. The changes take effect on 17 August and affect hundreds of thousands of workers, with unions calling it a landmark moment.