BusinessSustainability

Oatly Attributes US Sales Decline to Negative Climate Messaging and Market Shifts

Oatly’s chief executive claims negative climate change messaging has turned US consumers away from sustainable products. The plant-based milk industry reportedly declined 5% while dairy sales grew, according to industry analysis.

Market Challenges for Plant-Based Alternatives

Oatly’s leadership has identified what they describe as “doom and gloom” climate talk and widespread sustainability messaging as contributing factors to declining US sales of plant-based dairy alternatives. According to reports, the oat drink manufacturer’s chief executive Jean-Christophe Flatin stated that negative environmental communication has discouraged American consumers from choosing sustainable products.

BusinessLegal

Former Builder.ai Finance Chief Faces US Grand Jury Subpoena Amid Financial Investigation

The former finance chief of AI startup Builder.ai has been subpoenaed to appear before a Manhattan grand jury. The company, once valued at over $1 billion, collapsed after internal reviews revealed potentially fraudulent sales and dramatically revised revenue figures.

Builder.ai’s Former Finance Chief Subpoenaed in US Investigation

Andres Elizondo, the former finance chief of collapsed artificial intelligence startup Builder.ai, has been subpoenaed to appear before a federal grand jury in Manhattan, according to reports from the Financial Times. Sources indicate the subpoena was issued last month as part of an investigation into the company’s financial practices.

AutomotiveBusiness

Luminar Founder Bids to Reacquire Lidar Firm in Potential Board-Backed Deal

Luminar Technologies founder Austin Russell has launched a bid to acquire the lidar company he previously led, in what sources indicate may be a board-encouraged move rather than a hostile takeover. The transportation technology sector also saw significant developments in electric aviation funding and autonomous vehicle partnerships this week.

Luminar Founder Seeks Company Acquisition

In a surprising twist, Austin Russell, the billionaire founder who previously stepped down as CEO of Luminar Technologies, has made a bid to acquire the lidar company, according to reports from TechCrunch. Sources indicate this potential takeover might not be hostile despite initial appearances, with board members reportedly having approached Russell about the idea last month.

Business

Major Earnings Week Ahead: Streaming and Auto Giants Set to Report Quarterly Results

This week brings a packed earnings calendar with major players like Netflix and Tesla reporting quarterly results. Analysts suggest these reports could determine whether the strong start to earnings season continues. Investors are watching for impacts from tariffs, content performance, and regulatory developments.

Earnings Season Momentum Continues

The third-quarter earnings season has reportedly begun with strength, with investors looking to this week’s reports to maintain positive momentum. According to the analysis, more than 80 S&P 500 companies are scheduled to release results, including major names in streaming and automotive sectors. This follows strong quarterly figures from banking giants earlier in the season.