Business
‘Godspeed my friend’ as terminals go dark
Spirit Airlines kiosks at New York’s LaGuardia Airport on May 2, hours after the carrier shut down.
Leslie Josephs/CNBC
BALTIMORE/NEW YORK — Spirit Airlines was hours away from its final flights Friday afternoon. Jeremiah Burton was hours away from his first.
“It’s my first time flying,” Burton, a 45-year-old air conditioning and heating technician, told CNBC at Baltimore/Washington International Thurgood Marshall Airport on Friday, shortly before he was scheduled to depart for New Orleans to visit his daughter and her newborn twins.
“To tell you the truth, I just went online and Googled the cheapest airline ticket,” he said, adding that he paid about $500 for the trip late last month. He was scheduled to return on May 6.
While Burton waited for his flight, Spirit was making final preparations to shut down overnight, ending a three-decade run that brought discount air travel to millions across the United States and as far away as Peru. Spirit canceled international flights on Thursday, to start, so travelers, planes and flight crews wouldn’t be stranded. The airline said it flew more than 50,000 people the day leading up to its collapse.
Spirit bondholders rejected an 11th-hour bailout proposal from the Trump administration that could have included up to $500 million to keep the ailing airline afloat. The deal would have put the government ahead of other bondholders’ claims and given it an up to 90% stake in the airline.
Commerce Secretary Howard Lutnick called Spirit CEO Dave Davis to tell him there was no deal and that bondholders and the government were far from an agreement, according to a person familiar with the matter, who asked not to be named because they were not authorized to discuss the communication. Bondholders sent a letter to Spirit’s board, confirming that the end was near.
Terminals go quiet
A self-check-in kiosk at Luis Munoz Marin International Airport displays an “Operational Update” message after Spirit Airlines announced it was ceasing operations early Saturday amid an impasse in talks with some creditors over a $500 million government bailout plan, in Carolina, Puerto Rico, May 2, 2026
REUTERS/Ricardo Arduengo
Before dawn on Saturday, Spirit’s website and app were papered over with the message that operations had ended. “To our Guests: all flights have been cancelled, and customer service is no longer available,” it read.
By noon, LaGuardia’s Marine Air Terminal, an Art Deco facility that opened in 1940 and was home to Pan Am’s Clippers — and, most recently, home to Spirit at the New York airport — was nearly silent.
Cibo Express closed half a day early with no customers to serve. CNBC saw the last Transportation Security Administration officer who was sent home early. Screens on the arc of yellow kiosks read: “We regret to inform you that Spirit Airlines has ceased global operations.”
“It has been an honor to bring friends and families closer together for 34 years,” it said at the bottom, with a QR code with next steps.
United Airlines, Frontier Airlines, American Airlines, Southwest Airlines, JetBlue Airways and others said they are capping fares to get travelers home. United said about 14,000 Spirit customers booked tickets on United on Saturday. Southwest said it took in more than 20,000. JetBlue also announced plans to expand its schedule at Fort Lauderdale with a host of new services to destinations ranging from Cali, Colombia, to Nashville, Tennessee.
Crews scrambled to get home.
Jon Jackson, a Spirit Airlines captain, was supposed to fly his retirement flight on Saturday, but his airline shut down before he could.
He hopped on a Southwest flight to get back to Baltimore from Fort Lauderdale. While on board, “we casually mentioned it to the crew,” his son, Chris, a Southwest pilot, said in a Facebook post. Southwest staff organized a water cannon salute when the aircraft arrived and he was met with applause and a reception when he walked off the jet bridge, according to the post, which was confirmed to CNBC by Southwest.
Snowballing challenges
While things came to a head this week with access to cash drying up, Spirit’s problems were years in the making. It was profitable in the 2010s and expanded rapidly as customers filled planes. But it last made money in 2019.
The carrier has faced intense competition from richer, giant rivals Delta Air Lines, United and American.
Spirit was also under pressure from rivals’ own bare-bones fares, soaring costs, a failed acquisition by JetBlue Airways that the Biden administration Justice Department successfully challenged, and an engine defect that grounded many of its jets. Airlines grew more reliant on high-spending customers who shell out thousands for plush, premium cabins. Most recently, the surge in jet fuel prices resulting from the Iran war was a challenge the airline couldn’t overcome, it said.
In August, Spirit filed for bankruptcy protection for the second time in less than a year, and analysts said part of the reason was that it hadn’t done enough to reconfigure the airline and slash costs and that it had avoided hard decisions in its first filing in 2024. Weeks before it had hoped to emerge free from its bankruptcy, it faced the added challenge of expensive fuel.
A Spirit Airlines customer service area at LaGuardia Airport’s Marine Air Terminal in New York.
Leslie Josephs/CNBC
Some 17,000 direct and indirect employees lost their jobs as a result of the airline’s collapse, the carrier said.
“The pain of this decision will not be felt in boardrooms. It will be felt by pilots, flight attendants, mechanics, dispatchers, and ground crews, and by the families and communities that depend on them,” the Air Line Pilots Association’s international president, Jason Ambrosi, wrote Saturday.
Sara Nelson, president of the Association of Flight Attendants-CWA, the union of Spirit’s roughly 5,000 flight attendants, wrote a letter to Transportation Secretary Sean Duffy and acting Labor Secretary Keith Sonderling, urging them to try to help ensure that flight attendants are paid and compensated for earned vacation and per diems as the case works its way through bankruptcy court. She also asked that they receive a $600 weekly supplement to state unemployment from the federal government.
“Standard unemployment coverage does not replace full wages, and this enhanced support would help stabilize households while workers secure new employment,” she said.
The airline ‘America loved to hate’
Spirit had just about 4% of the U.S. market share, according to aviation-data firm Cirium, but an outsized presence in many Americans’ minds — and on their social media feeds.
Henry Harteveldt, Atmosphere Research Group founder and former airline executive, said Spirit was a “true pioneer” of discount air travel but still was the “airline America loved to hate,” in part because of its bare-bones fares, customer service debacles, and spotty reliability in earlier years.
Spirit became a favorite punchline among comedians. “The CEO of Spirit Airlines was like, ‘With $500 million [from the Trump administration] our planes could have two wings again,” “Tonight Show” host Jimmy Fallon said last month.
In 2017, Spirit enrolled customer-facing employees in the Disney Institute, a Disney leadership and professional training subsidiary, to improve its staff interactions with customers and had made strides in improving its on-time performance.
It still had fans and willing customers, right up until the end.
“For a two-hour flight, I could really suffer a lot,” said Kara Snyder, 30, who works in health insurance sales. She said that for a short flight from Florida to Baltimore, scarce legroom and perks don’t matter to her. Snyder said she flew Spirit to Baltimore and was flying back to Orlando on Frontier Airlines. “I tend to stick with budget airlines,” she said.
International flights to Europe or Africa are another matter, said Snyder. “I go Delta,” she said. “I’m picky on that. It has to be Delta.”
‘Good luck to you all’
Friday evening at Spirit’s headquarters in Dania Beach, Florida, near its home base of Fort Lauderdale-Hollywood International Airport, Spirit’s executive team was huddled in a war room, watching its last flights come in.
News broke earlier that at 3 a.m. on Saturday, the clock would run out for the airline and its fleet of bright yellow jets.
“Good luck to you all,” said an American Airlines employee to a Spirit flight, according to audio posted by LiveATC.net. “Sorry to hear what happened.”
One of the pilots on the last Spirit flight, NK1833 from Detroit to Dallas Fort Worth International, shortly before touching down after midnight Saturday, asked the tower: “Is there any other Spirit flights coming in after us?” There were 175 passengers on board.
“I don’t see anything,” the controller said. “So you might be the last one.”
He later told the pilot, “Well, it was a pleasure working with you guys and I wish you the best.”
“Thank you very much,” the pilot replied, according to LiveATC.
Wes Egan, a Spirit dispatcher for roughly 23 years, told CNBC that he was working in the company’s operations center in Orlando late Friday when one of the carrier’s pilots was asking for information about the fate of the airline. Senior managers had just informed the staff there around 11:30 p.m. that operations were about to cease.
He sent a text message to the pilot via a special cockpit system for alerts and other information.
“UNOFFICIALLY WE STOP FLYING AT 0300 EST ON 05/02,” said the message. “GODSPEED MY FRIEND.”
Business
Nokia board member Whittaker receives shares as compensation

Nokia board member Whittaker receives shares as compensation
Business
Ask.com shuts down search business after nearly 30 years
Thoma Bravo founder and managing partner Orlando Bravo discusses the company’s deal with Google for AI adoption on ‘The Claman Countdown.’
Ask.com, one of the internet’s earliest search engine competitors, has shut down its search business after nearly 30 years, marking the latest contraction in a market dominated by a handful of major players.
Parent company IAC said the move reflects a broader strategic shift away from legacy search operations.
“As IAC continues to sharpen its focus, we have made the decision to discontinue our search business, which includes Ask.com,” the company said in a notice posted on its website. “After 25 years of answering the world’s questions, Ask.com officially closed on May 1, 2026.”
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Ask.com has shut down its search business after nearly 30 years. (Getty Images)
The shutdown underscores how the once-crowded search industry has consolidated over time, leaving smaller or legacy platforms unable to compete at scale.

The Ask Jeeves home page is seen in 2005. (Adam Berry/Bloomberg via Getty Images)
The message thanks users and employees and concludes: “Jeeves’ spirit endures.”
Ask.com was founded in 1996 and launched in 1997 as Ask Jeeves, featuring a butler mascot and a question-based search format that allowed users to enter queries in plain language.
IAC acquired the company in 2005, and it was rebranded as Ask.com in 2006 as part of an effort to broaden its appeal.

An image of the Ask.com website. (Newscast/Universal Images Group via Getty Images)
The company stopped developing its own search technology around 2010 and later pivoted toward a question-and-answer format as competition intensified.
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Its closure marks the end of one of the web’s early search brands and reflects broader consolidation trends across the technology and digital advertising sectors.
Business
Cummins earnings on deck as investors eye power systems growth

Cummins earnings on deck as investors eye power systems growth
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Q&A: How the closure at the Strait of Hormuz is impacting US energy needs

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Business
NBC’s ‘Brilliant Minds’ Ratings Plummet Leading to Cancellation After Two Seasons
LOS ANGELES — NBC has canceled the medical drama “Brilliant Minds” after two seasons, citing steep year-over-year viewership declines that made the Zachary Quinto-led series the network’s lowest-rated drama on linear television. The decision, announced Friday, marks one of the first cancellations ahead of the network’s 2026-27 upfront presentations and reflects broader challenges in broadcast scripted programming amid shifting audience habits.

“Brilliant Minds,” inspired by the life and work of neurologist Oliver Sacks, follows Dr. Oliver Wolf, an eccentric but brilliant neurologist with a unique perspective on treating complex psychological and neurological cases. The show earned strong critical praise, holding an 88% Rotten Tomatoes score, yet struggled to translate acclaim into consistent viewership.
Season 2 averaged just above 3 million viewers with seven days of linear viewing — the smallest total of any NBC drama this season. That figure represented double-digit declines from Season 1, which itself had modest numbers for a post-“The Voice” Monday night slot. In key advertiser demographics, particularly adults 18-49, the series frequently dipped below 0.2 ratings, with some episodes hitting historic lows around 0.10-0.12.
An early sign of trouble came in February 2026 when NBC pulled the series from its regular schedule to accommodate expanded two-hour episodes of “The Voice” following the Winter Olympics. At that point, only 14 of a planned 22 episodes had aired. The remaining six episodes will now burn off during summer starting May 27.
From Promising Start to Steep Decline
When “Brilliant Minds” premiered in September 2024, it showed early promise. The pilot drew solid initial numbers, benefiting from the powerhouse lead-in of “The Voice.” Season 1 averaged around 2.97 million viewers and a 0.23 rating in the 18-49 demo, ranking it among new dramas but still modest by traditional broadcast standards.
Expectations were higher for Season 2 with returning cast familiarity and critical momentum. Yet audiences failed to return in force. Live ratings eroded steadily through fall 2025 and into early 2026. Episodes in January and February frequently drew under 1.5 million same-day viewers, with total audience (including DVR) barely cracking 3 million in many cases.
Industry analysts point to multiple factors. Broadcast dramas face intense competition from streaming platforms, where shorter attention spans and on-demand viewing dominate. “Brilliant Minds” reportedly failed to crack Peacock’s top 10 charts consistently, limiting the streaming boost that often saves marginal network shows.
The series also competed internally against NBC’s stronger procedural franchises like “Chicago Med,” “Law & Order” and “The Hunting Party.” Monday nights, while anchored by “The Voice,” proved challenging for serialized medical storytelling that required viewer commitment week after week.
Critical Acclaim vs. Commercial Reality
Despite the ratings woes, “Brilliant Minds” stood out creatively. Reviewers praised Quinto’s nuanced performance as the neurodivergent Dr. Wolf, the show’s thoughtful exploration of mental health and neurological conditions, and strong supporting work from cast members including Tamberla Perry and Ashleigh LaThrop. Audience scores on Rotten Tomatoes hovered around 81%, indicating passionate fans who connected with its empathetic approach to patient stories.
Showrunners and producers aimed for a blend of medical procedural and character-driven drama, drawing from real neurological cases. Episodes tackled everything from phantom limb syndrome to rare cognitive disorders, often weaving in the personal struggles of Wolf and his team of interns. Many viewers and critics lauded the series for humanizing complex conditions without sensationalism.
Yet in today’s television economy, even well-reviewed shows with solid but unspectacular numbers face cancellation. NBC, like other broadcast networks, prioritizes live-linear performance for ad revenue while hoping for streaming longevity. “Brilliant Minds” delivered neither at a level sufficient for renewal.
Broader Context for NBC’s Scripted Slate
The cancellation arrives as NBC evaluates its lineup ahead of upfronts. Alongside “Brilliant Minds,” the network axed freshman comedy “Stumble,” which averaged just 2.24 million viewers. Several other series, including “Law & Order” and “The Hunting Party,” remain on the bubble.
The moves signal a strategic shift. NBC has ordered multiple drama pilots for the coming season, seeking fresh voices and potentially higher-concept projects to combat cord-cutting and audience fragmentation. Medical dramas remain a staple, but networks increasingly favor established IP or star-driven vehicles with proven track records.
For “Brilliant Minds,” the end comes after 27 total episodes across two seasons. Producers have not commented publicly on future plans, though the show’s intellectual property and dedicated fanbase could spark interest in streaming revival talks elsewhere. Quinto, a proven draw with credits ranging from “Star Trek” to Broadway, may find new opportunities quickly.
Fan Reactions and Legacy
Social media erupted with disappointment following the announcement. Fans praised the series for its representation of neurological differences and thoughtful storytelling in an era of formulaic procedurals. Hashtags like #SaveBrilliantMinds and #RenewBrilliantMinds briefly trended, with calls for Peacock to pick up a third season.
One recurring theme in viewer comments: the show’s educational value. Many shared how episodes prompted discussions about mental health, empathy in medicine and neurodiversity. While not a massive commercial hit, “Brilliant Minds” left an impression on those who found it.
Television executives note that passionate but small audiences increasingly struggle in the linear model. Streaming metrics, which NBC does not always disclose, may have played a role, but insufficient linear delivery sealed the fate.
What’s Next for the Cast and Network
Quinto and the ensemble have wrapped production. The summer burn-off will give loyal viewers closure as the final six episodes air. Whether those installments can generate buzz or streaming numbers remains to be seen.
For NBC, the focus shifts to developing replacements for the Monday 10 p.m. slot. Early indications point to new drama pilots emphasizing broader appeal or franchise extensions. The network will also lean on proven performers like “The Voice,” “Chicago” series and “Law & Order” while testing fresh concepts.
The cancellation of “Brilliant Minds” underscores ongoing industry turbulence. Broadcast networks grapple with declining overall viewership, rising production costs and competition from unlimited streaming libraries. Shows that once would have survived on modest numbers now face swift axes unless they deliver breakout demos or strong delayed viewing.
As summer episodes roll out, “Brilliant Minds” exits not with a ratings bang but with quiet appreciation from fans and critics who valued its ambition. In an era where data drives decisions, the series proved that critical heart and audience connection do not always translate to renewal in the competitive television landscape. NBC moves forward, hoping its next medical drama finds the elusive balance of quality and commercial success.
Business
Samyang launches spicy macaroni and cheese

Made with “the gold standard of hot and spicy flavor.”
Business
DOJ sues Minnesota over climate lawsuit targeting energy companies
Sen. Bill Cassidy, R-La., joins ‘Mornings with Maria’ to discuss the looming DHS shutdown, the Senate fight over the SAVE Act and a new probe into alleged childcare funding fraud.
The Justice Department filed a complaint against Minnesota on Monday over the state’s climate lawsuit against energy companies, arguing the case improperly attempts to regulate global greenhouse gas emissions and override federal authority.
The complaint, filed in the U.S. District Court for the District of Minnesota, seeks to block enforcement of Minnesota’s state court lawsuit, which DOJ officials say burdens domestic energy development and conflicts with federal law.
The department said the filing advances President Donald Trump’s executive order directing the DOJ to protect American energy from what the administration describes as state overreach.
“President Trump promised to unleash American energy dominance, and Minnesota officials cannot undermine his directive by mandating that their woke climate preferences become the uniform policy of our Nation,” Associate Attorney General Stanley Woodward said in a statement.
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This is a developing story. Check back for updates.
Business
CCM Star Undergoes Emergency Surgery for Bleeding Kidney

NASHVILLE, Tenn. — Award-winning Contemporary Christian Music star Natalie Grant is recovering after a routine family outing turned into a medical emergency, with a simple slip-and-fall on a sidewalk leading to internal injuries, emergency surgery and a hospital stay.
Grant, known for hits like “Alive” and multiple Dove Awards, shared the dramatic update on social media Saturday, May 3, 2026, just hours after undergoing surgery. What she initially dismissed as possible rib fractures revealed far more serious damage: a bleeding kidney and a blood clot in her bladder.
“Moving Bella home from college didn’t end quite the way we planned,” Grant wrote in an Instagram post that quickly went viral among her fans. “On Thursday night, after packing boxes and loading the car, we walked to dinner. And somewhere between the hotel and the restaurant, I tripped on a sidewalk and took a hard fall. I mean, very hard fall. Basically I WIPED OUT.”
The incident occurred April 30 in Lakeland, Florida, near Lakeland Regional Health, where Grant received treatment. She sought medical attention believing the pain might stem from broken ribs, but scans uncovered the critical internal issues requiring immediate intervention.
“What I thought might be a fractured rib turned into a hospital stay — a serious internal situation with a bleeding kidney, a blood clot in my bladder and surgery this morning to fix it all,” she continued. “What in the world?! Who trips and falls on a sidewalk and injures a couple organs?!”
Despite the frightening ordeal, Grant’s message radiated faith and gratitude. “But thank you Jesus, it went well today, I’m on the mend and will make a full recovery,” she posted. “Thanking God for incredible doctors, nurses, and hospital staff at Lakeland Regional Health who moved quickly, cared deeply, and got me through a pretty scary situation.”
She also thanked her husband, Grammy-winning producer and composer Bernie Herms, for his support during the crisis. The couple shares three daughters, including Bella, whose college move prompted the family trip.
A Career Built on Faith and Resilience
Natalie Grant has long been a pillar in the Christian music industry. With multiple Grammy nominations and four consecutive Female Vocalist of the Year wins at the Dove Awards in the 2000s, she built a career blending powerful vocals with transparent faith. Her music often addresses life’s storms, a theme that resonates even more poignantly now.
Grant’s openness about personal challenges is nothing new. She has previously shared about thyroid cancer surgery years ago and family life’s joys and pressures. This latest health scare, however, stands out for its suddenness — a stark reminder of life’s fragility even during ordinary moments.
The Christian music community quickly rallied. Fellow artists, pastors and fans flooded social media with prayers and encouragement. Hashtags like #PrayForNatalieGrant and #NatalieGrantRecovery trended as her post garnered thousands of comments within hours. Many recalled how her songs provided comfort in their own trials, now returning the support.
One fan commented, “Praying for speedy recovery and strength. Jesus still heals today.” Another wrote, “I’ll be praying for you, Natalie! Your songs brought me closer to the Lord.”
Medical Details and Recovery Outlook
While specific medical timelines remain private, Grant assured followers of a full recovery. Bleeding kidney injuries, or renal hematomas, often result from blunt trauma like falls and can lead to significant blood loss if untreated. Blood clots in the bladder add complexity, potentially causing pain and requiring surgical intervention to prevent complications like infection or further bleeding.
Doctors at Lakeland Regional Health acted swiftly, performing surgery Saturday morning. Grant’s positive update indicates the procedure successfully addressed the issues without long-term damage anticipated. Recovery from such injuries typically involves rest, pain management, monitoring for infection and gradual return to normal activity.
No official word yet on impacts to her touring or recording schedule. Grant had been promoting recent projects, including worship releases and family-focused content. Industry sources suggest any postponements would likely be short-term given her expressed optimism.
Broader Lessons from a CCM Icon
Grant’s closing words carried pastoral weight: “I sure would appreciate your prayers for a quick recovery. Hug your people. Slow down. And maybe… watch where you’re walking.” The message struck a chord, blending vulnerability with practical wisdom and faith.
In an era of high-speed living, her story highlights everyday risks and the importance of community. Christian leaders noted how such testimonies strengthen believers, turning personal pain into shared encouragement. Grant’s history of using trials — from vocal health concerns to family dynamics — as ministry opportunities suggests this chapter may inspire future songs or writings.
Her husband Bernie Herms, a respected producer who has worked with top artists, remains by her side. The family’s tight-knit dynamic, often shared on social platforms, provides a strong support network during recovery.
Fan Reactions and Industry Impact
Social media buzz continues to grow. Posts from outlets like K-LOVE, Air1 and Gospel Music Association amplified the news, prompting widespread prayer chains. Fellow CCM artists offered public support, underscoring the genre’s close-knit nature.
This incident follows other health stories in Christian music, reminding fans that even stars face unexpected battles. Grant’s graceful response models resilience rooted in faith, a hallmark of her three-decade career.
As she rests and heals, the focus remains on gratitude. Grant has expressed deep appreciation for medical professionals who turned a scary fall into a manageable recovery story. Her update ends on hope, aligning with the redemptive themes in her music.
Looking Ahead
Natalie Grant’s road to full strength may take weeks, but her prognosis is excellent. Supporters anticipate her return stronger, perhaps with fresh perspective on life’s unpredictability. In the meantime, the CCM community holds her in prayer, echoing her own lyrics of survival and praise.
For now, the singer who has lifted millions with her voice rests, surrounded by family and faith. Her message resonates beyond entertainment: slow down, cherish loved ones and trust in God’s care even when sidewalks — and life — surprise you.
Fans continue sharing well-wishes online, many attaching favorite Grant songs as virtual encouragement. As one commenter put it, “We’re singing ‘Alive’ over you, Natalie — full recovery in Jesus’ name.”
Business
GameStop targets eBay in $56B takeover bid, sees path to rival Amazon
GameStop Chairman and CEO Ryan Cohen discusses the future of the company on ‘Making Money.’
GameStop has proposed acquiring eBay in a cash-and-stock deal valued at roughly $56 billion, in a high-stakes push to expand beyond its core retail business and reshape a major online marketplace.
CEO Ryan Cohen said he sees a path to turn eBay into a serious competitor to Amazon, telling The Wall Street Journal the platform “could be a legit competitor” to the e-commerce giant.
The company is offering $125 per share, a premium of about 46% compared with where eBay traded before GameStop began building its stake earlier this year. The bid is non-binding, meaning discussions may not result in a transaction.
GAMESTOP SHUTTERS MORE STORES AS RETAIL APOCALYPSE CONTINUES

A GameStop store is seen in Union Square on April 4, 2025, in New York City. (Michael M. Santiago/Getty Images)
GameStop said it has already accumulated roughly a 5% stake in eBay and plans to finance the deal using its approximately $9 billion cash position along with up to $20 billion in outside financing it says it has secured.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GME | GAMESTOP CORP. | 24.87 | -1.65 | -6.22% |
| EBAY | EBAY INC. | 110.14 | +6.07 | +5.83% |
WILL GAMESTOP SURVIVE? HERE’S WHAT ITS CO-FOUNDER SAYS
Central to the pitch is a strategy to combine GameStop’s physical retail footprint with eBay’s online platform. The company said that its roughly 1,600 U.S. stores could serve as hubs for product authentication, returns, order fulfillment and live shopping experiences.

GameStop said it has already accumulated roughly a 5% stake in eBay. (Andrew Kelly/Reuters)
To support that strategy, GameStop argued that eBay has underperformed relative to its spending, pointing to minimal user growth despite roughly $2.4 billion in annual marketing costs.
The company said it could strip out about $2 billion in annual costs within a year of closing, primarily through cuts to marketing, product development and corporate overhead — reductions it says would materially boost earnings in the first year after a deal.

EBay headquarters in San Jose, California, on Monday, Aug. 9, 2021. (David Paul Morris/Bloomberg via Getty Images)
EBay said its board and financial advisers would review the unsolicited proposal, adding that it had no prior discussions with GameStop before receiving the offer. The company said it would evaluate the bid with a focus on shareholder value and GameStop’s ability to deliver a binding transaction.
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If completed, Cohen would lead the combined company, according to the proposal. It remains unclear whether the companies will enter formal negotiations.
Business
Sanderson Design Group plc (WKGBF) Q4 2026 Earnings Call Transcript
Operator
Good afternoon, and welcome to the Sanderson Design Group plc Results Presentation for the year ended 31st of January 2026. [Operator Instructions] Before we begin, we’d like to submit the following poll. I’d now like to hand you over to Lisa Montague, Chief Executive Officer. Good afternoon.
Lisa Montague
CEO & Executive Director
Thank you, and good afternoon, everybody. My name is Lisa, and I’m here to share with you today, along with my colleague, CFO, Mike Woodcock, our results for Sanderson Design Group to our fiscal year end ’26, which was on the 31st of January. And thank you for joining us. I will share with you an overview of the year, and then Mike will give you a bit more financial detail and hand back to me to talk about the future and how we have continued to accelerate some of the key strategic and transformational initiatives and shaped our strategy to improve our results in this year and beyond.
Our business at a glance, for those of you that don’t know us is that we’re a leading interior furnishings group that designs and makes world-class fabrics and wallpapers. We also have a strong licensing channel that delivers finished goods with specialist partners in our core markets. We employ 500 people, all of whom are committed to leading the industry in the way we work. I’ve been here 7 years, now and Mike has been with us for 4, and we both have luxury goods backgrounds and international backgrounds.
To recap this year for the results that we’re announcing, we really have highlights of the year, resulting
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