Sony has reportedly cut its production expectations for Playstation 5 by four million units.
Sony Corporation (NYSE: SNE) has reportedly cut its production expectations for Playstation 5 by four million units and now expects to manufacture only about 11 million units. This is because the company ran into some manufacturing problems that had to do with the core processing component of the game console. Sony has an online PS5 event on Wednesday where it is likely to reveal the final price and release date for the console. Click here to read more
PepsiCo Inc (NASDAQ: PEP) is launching a new drink called Driftwell that is meant to help consumers de-stress and relax before bed. The idea for the drink came up during an internal competition in the company in 2019 and PepsiCo decided to run with it. The enhanced water drink contains L-theanine, an ingredient that has been proven to help improve sleep quality, and 10% of the recommended daily value of magnesium. Driftwell will be available from December 2020. Click here to read more
On Monday, DraftKings stock surged more than 17% after the sports gaming company announced an agreement with sports entertainment giant, ESPN. DraftKings will be the exclusive provider of daily fantasy sports and a co-exclusive partner for gambling link-outs from ESPN. Its content will also be integrated into ESPN’s digital offerings and studio shows. Since DraftKings went public in April, its stock has climbed more than 170%. Click here to read more
A $3.2 billion lawsuit has been filed on behalf of more than five million British children and their parents against Alphabet Inc’s Google in the U.K. The lawsuit is based on claims that YouTube routinely breaks privacy laws by tracking children online without getting explicit consent from their parents. Click here to read more
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1. Uber fights London ban in court for a second time. Click here to read more
2. Berkshire’s BNSF names first female CEO of big U.S. railroad. Click here to read more
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