A number of businesses are cutting ties with the National Rifle Association in the days following the Parkland school shooting. The First National Bank of Omaha announced that it will no longer offer an NRA-branded Visa card to customers. After customer feedback, the bank decided to cut ties. In another blow to the NRA, Enterprises Holdings, the parent company of Enterprise, Alamo, and National car rental brands, said it will no longer work with the organization. That change is expected to take place at the end of next month.
Cheddar speaks with David Hogg, a student at Marjory Stoneman Douglas High School, about the tragic shooting in Parkland and the #NeverAgain movement. Hogg says he is disappointed with President Trump's reaction to the shooting and does not believe in arming teachers. Hogg believes in the second amendment but says it needs to be limited. In the aftermath of the shooting, a number of conspiracy theorists called students, including Hogg, "crisis actors." Since he was attacked online, Hogg says his Twitter following has quadrupled and it's only helped him push the #NeverAgain movement forward.
In other news, General Mills is buying natural pet food maker Blue Buffalo for $8 billion in cash. Shares of Blue Buffalo surged more than 15% on the news. This marks the first time General Mills has broken into the pet food industry. The deal is expected to be finalized at the end of this year.
And Chris Tung, Chief Marketing Officer at Alibaba, discusses the company's first official partnership with the International Olympic Committee. This year, Alibaba is the exclusive worldwide partner of the Olympic Games for cloud computing and e-commerce. Tung says it's been a "fantastic" first experience for Alibaba at the Olympics. The Chinese tech giant has been able to showcase its cloud computing power at the games.
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs, leading to increased prices for chocolate. The company anticipates its full-year earnings per share being relatively flat, partly due to higher cocoa and sugar costs.
Prince Harry has reached an out-of-court settlement with a tabloid newspaper publisher that invaded his privacy with phone hacking and other illegal snooping. Attorney David Sherborne said that Mirror Group Newspapers had agreed to pay Harry’ “substantial” costs and damages.
An attorney representing passengers of an Alaska Airlines flight that lost a door plug in midair says a “whistling sound” was heard on a previous flight of the same Boeing 737 Max 9.
What do Arnold Schwarzenegger, Aubrey Plaza, and Tom Brady all have in common? You'll see them on Super Bowl Sunday, but not on the field. If you only watch the Super Bowl for the ads, here's a sneak peek.
The Federal Communications Commission knows (to loosely quote Drake) "when that [AI robocall] hotline bling, that can only mean one thing" — deception. The agency says bad actors have been using these voices to misinform voters.
David Stryzewski, CEO of Sound Planning Group, breaks down Disney’s latest results, from adding Taylor Swift to building out ESPN, and why Bob Iger’s leadership is crucial.
Kevin Cohee, CEO and chairman of OneUnited Bank, discusses the power of financial literacy and how education and technology can help bridge the racial wealth gap.
