Starting a Business In The News: Trending Stories of the Week August 22, 2025

1. FloHockey Expands Streaming Portfolio

Forbes
Published: August 29, 2025
Summary: The FloHockey streaming platform continues its impressive growth by adding the OHL and QMJHL to its offerings for the 2025-26 season. This expansion is part of FloHockey's strategy to dominate the niche market of hockey streaming services. The platform aims to provide comprehensive coverage and access to a wider range of hockey leagues, positioning itself as a go-to streaming service for hockey enthusiasts. By securing rights to these leagues, FloHockey intends to attract more subscribers and increase its market share in the competitive landscape of sports streaming. This move aligns with the broader trend of niche streaming services focusing on specific sports to cater to dedicated fan bases. FloHockey's growth trajectory demonstrates the potential for specialized platforms to thrive in an increasingly crowded streaming market. The addition of the OHL and QMJHL signifies FloHockey's commitment to becoming a leader in hockey streaming.
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2. Tesla Challenges $243 Million Verdict in Fatal Crash

New York Times
Published: August 29, 2025
Summary: Tesla has filed a motion to overturn a $243 million verdict relating to a fatal crash that occurred in 2019. The company argues that the driver was solely responsible, as they were not using the vehicle's Autopilot feature at the time of the accident. This case has significant implications for Tesla and the broader automotive industry, as it raises questions about liability and the role of autonomous driving technology. The outcome of this legal battle could set a precedent for future cases involving self-driving cars. Tesla's legal strategy focuses on proving that their technology was not at fault, aiming to protect their reputation and financial interests. The company is also working to reassure investors and customers about the safety of its vehicles. This case highlights the ongoing challenges that manufacturers of autonomous vehicles face as they navigate the complex legal and regulatory landscape.
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3. Trump Asserts Power to Fire Fed Governor

New York Times
Published: August 29, 2025
Summary: The Trump administration is asserting expansive power to fire Federal Reserve Governor Lisa Cook, citing a need for the court to be “highly deferential” to the president in such matters. This development is part of a broader struggle over the independence of the Federal Reserve, with significant implications for its future operations. The case has sparked debate over the balance of power between the executive branch and independent federal agencies. Legal experts suggest that the outcome could redefine the extent of presidential authority over independent regulatory bodies. The decision may also impact investor confidence and economic stability, given the Fed's crucial role in managing the U.S. economy. The administration's actions have prompted widespread criticism from economists and policymakers who advocate for maintaining the Fed's independence to ensure unbiased economic oversight.
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4. PCE Inflation Holds Steady, Fed Rate Cut Likely

New York Times
Published: August 29, 2025
Summary: The latest economic data reveals that PCE inflation remained stable in July, keeping the Federal Reserve on track to lower interest rates at its next meeting in September. This stability in inflation is a positive sign for the central bank, as it suggests that inflationary pressures are under control. The Fed's decision to cut rates is anticipated to boost economic growth by making borrowing cheaper for businesses and consumers. However, there are concerns about the potential for triggering higher inflation in the future. The Fed's actions will be closely watched by investors and policymakers, as they navigate the delicate balance between encouraging growth and maintaining price stability. The current economic environment presents both opportunities and challenges for the central bank as it seeks to support the recovery while avoiding overheating the economy.
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5. Heineken Introduces Non-Alcoholic Beer At US Open

Forbes
Published: August 29, 2025
Summary: Amid declining alcohol consumption, Heineken is reintroducing its non-alcoholic beer, L0VE.L0VE, at the 2025 US Open. The company aims to capitalize on the growing trend of health-conscious consumers seeking alternatives to traditional alcoholic beverages. By launching this product at a high-profile event like the US Open, Heineken hopes to increase visibility and drive sales. The introduction of L0VE.L0VE is part of Heineken's broader strategy to diversify its product offerings and appeal to a wider audience. This move reflects a shift in consumer preferences and highlights the potential for non-alcoholic beverages to capture market share in the competitive beverage industry. Heineken's initiative demonstrates its commitment to innovation and adaptation in response to changing consumer behaviors.
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6. Tesla's Motion to Overturn Fatal Crash Verdict

New York Times
Published: August 29, 2025
Summary: Tesla is seeking to overturn a $243 million jury verdict related to a 2019 fatal crash. The company argues that the driver was solely responsible as they were not using Autopilot at the time. This legal challenge underscores the complexities surrounding liability in autonomous vehicle incidents. A successful appeal could have significant implications for Tesla and the broader self-driving car industry, potentially influencing future legal standards and public perception. The case highlights the ongoing debate about the responsibilities of manufacturers and drivers in the era of autonomous vehicles. Tesla's efforts to contest the verdict reflect its commitment to defending its technology and mitigating potential financial repercussions. The outcome of this case could set a precedent for how similar incidents are handled in the future.
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7. Walgreens Names New CEO After Going Private

Fast Company
Published: August 28, 2025
Summary: Walgreens has appointed retail veteran Mike Motz as its new CEO following its acquisition by Sycamore Partners. This leadership change marks a new chapter for Walgreens as it refocuses on its core retail and pharmacy operations amid competitive pressures. Motz, previously the CEO of Staples' U.S. retail business, brings extensive experience in retail management. His appointment comes as Walgreens seeks to revitalize its business and strengthen its position in the pharmacy sector. The company has faced challenges expanding beyond its traditional pharmacy model, with increased competition from retail giants like Amazon and Walmart. Motz's leadership will be crucial in navigating these challenges and implementing strategies to drive growth and profitability.
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8. Hostess Recalls Ding Dongs Over Mold Concerns

Fast Company
Published: August 29, 2025
Summary: Hostess has issued a recall of its Ding Dongs due to potential mold contamination. The recall affects several product lots with best-buy dates from August 31, 2025, to September 3, 2025. Hostess has advised consumers to return the affected products to their place of purchase for a refund or replacement. This recall highlights the importance of quality control in the food industry and the potential impact on brand reputation. Hostess is working to address the issue and prevent similar occurrences in the future. The company has assured customers that it is committed to maintaining the highest standards of product safety and quality. This incident underscores the challenges food manufacturers face in ensuring product safety and the swift actions required to protect consumer trust.
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9. Walgreens CEO Appointment Signals New Direction

Fast Company
Published: August 28, 2025
Summary: Walgreens has announced the appointment of Mike Motz as its new CEO after being taken private by Sycamore Partners. Motz, who previously led Staples' U.S. retail operations, will guide Walgreens in refocusing on its retail and pharmacy core businesses. The leadership change follows Sycamore's acquisition of Walgreens Boots Alliance for approximately $10 billion. This move is part of a broader strategy to streamline operations and enhance competitiveness in the retail pharmacy sector. Motz's experience in retail management is expected to drive strategic initiatives and improve operational efficiency. Walgreens aims to strengthen its market position by leveraging Motz's expertise and Sycamore's resources to navigate the evolving retail landscape.
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10. Tesla Seeks to Overturn Verdict in Fatal Crash Case

New York Times
Published: August 29, 2025
Summary: Tesla is challenging a $243 million jury verdict related to a fatal crash involving one of its vehicles in 2019. The company contends that the responsibility lies with the driver, who was not using Autopilot at the time of the incident. The appeal is part of Tesla's effort to protect its reputation and financial interests while addressing the complexities of liability in autonomous vehicle cases. The case underscores the ongoing debate over the accountability of manufacturers and drivers as self-driving technology advances. A successful appeal could influence future legal standards and have broader implications for the automotive industry. Tesla's legal strategy focuses on demonstrating that its technology was not at fault, aiming to mitigate potential financial repercussions and reinforce consumer confidence.
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