Business news

• Ryanair passenger recounts being partly sucked out airplane window: 'I am lucky'

  22-07-2026 08:49 via foxbusiness.com
  
  The Ryanair passenger who was partly pulled out of a Boeing 737 when a window was smashed during a flight earlier this month recounted his horrifying experience, saying he is lucky to be alive.Ljubisa Karović, 61, was on a Ryanair flight operated by Malta Air from Thessaloniki, Greece, en route to Memmingen, Germany, on July 10 when debris believed to have come from the aircraft’s damaged engine struck and shattered a window shortly after departure.The plane lost cabin pressure a
  
  Read more

• OpenAI says AI model hacked another company's systems during internal test

  22-07-2026 08:39 via foxbusiness.com
  
  OpenAI announced Tuesday that one of its advanced artificial intelligence models autonomously hacked into another AI company's infrastructure during internal testing in what it described as an "unprecedented cyber incident."The company said AI startup Hugging Face detected and contained the breach last week after an AI agent compromised part of its infrastructure. The companies said they believe it may be the first publicly disclosed case of an AI model breaking into another company's systems on
  
  Read more

• Ford recalls nearly 388,000 vehicles over second-row seat injury hazard

  22-07-2026 04:01 via foxbusiness.com
  
  Ford is recalling nearly 388,000 SUVs because an issue with the second-row easy-entry seats could increase the risk of injury, according to federal regulators.A total of 387,911 vehicles are affected, including certain 2020-2026 Ford Explorer and 2020-2027 Lincoln Aviator models, the National Highway Traffic Safety Administration (NHTSA) said in its recall notice.The NHTSA said the vehicles may have a defect that could cause a second-row seat to tip or slide unexpectedly while the vehicle is mov
  
  Read more

• Cracker Barrel sells Maple Street Biscuit Company, closes 16 locations

  22-07-2026 03:51 via foxbusiness.com
  
  Cracker Barrel is selling restaurant properties and exiting its Maple Street Biscuit Company business as it works to cut debt and improve profits.The Southern country-themed chain said Monday it sold the Maple Street brand and assets tied to 35 locations to Biscuit Belly LLC. Cracker Barrel will close the remaining 16 Maple Street restaurants.In a separate move, Cracker Barrel also completed a sale-leaseback deal involving 26 company-owned locations, generating roughly $77 million in net proceed
  
  Read more

• Advertisement

• Trump unveils phased tariffs on generic drugs to boost US production

  22-07-2026 03:22 via foxbusiness.com
  
  President Donald Trump announced Tuesday that imported generic drugs will remain tariff-free for the next two years before facing steep new import duties, saying the move is designed to encourage pharmaceutical companies to manufacture more medicines in the U.S.In a Truth Social post, Trump said all generic drugs imported into the U.S. will continue to face a 0% tariff beginning Aug. 1, 2026, for a two-year transition period. After that, the tariff will rise to 100% for one year before increasin
  
  Read more

• Allergy medication recalled over possible drug mix-up that could trigger 'life-threatening' reactions

  22-07-2026 02:57 via foxbusiness.com
  
  Federal regulators on Monday announced the recall of a popular allergy medication over concerns it may have been cross-contaminated with another drug, potentially causing "life-threatening" reactions.The U.S. Food and Drug Administration (FDA) said certain lots of Cetirizine hydrochloride Tablets, commonly sold over the counter as generic versions of Zyrtec, are affected by the voluntary recall.The recall was initiated Saturday by Unique Pharmaceutical Laboratories, a division of J.B. Chemicals
  
  Read more

• Trump Cabinet joins TikTok after DOJ clears platform for federal use: 'Majority-owned by American investors'

  22-07-2026 02:29 via foxbusiness.com
  
  Most members of President Donald Trump's Cabinet are expected to launch official TikTok accounts Tuesday, a White House official confirmed to Fox News.The coordinated rollout, first reported by Axios, follows a July 16 opinion from the Justice Department's Office of Legal Counsel concluding that federal employees may use TikTok because the app is now operated by a U.S.-approved owner that falls outside the federal ban.The DOJ opinion concluded that the version of TikTok operated by the TikTok U.
  
  Read more

• More than 2,000 flights canceled as severe storms hammer East Coast

  22-07-2026 00:42 via foxbusiness.com
  
  At least 7,000 flights were disrupted Tuesday as severe thunderstorms swept across the East Coast, snarling air travel at some of the nation's busiest airports.More than 2,000 flights within, into or out of the United States were canceled, while over 5,000 others were delayed, according to FlightAware.The storms prompted flood warnings and tornado watches across parts of the Northeast on Tuesday. Weather and emergency officials indicated at least two tornadoes were spotted — one in northea
  
  Read more

• Advertisement

• Frustration, worry and hope: Canadian businesses brace for the latest round of U.S. tariffs

  22-07-2026 00:37 via cbc.ca
  
  While some businesses plan to hold steady in the face of a new tariff threat, others are dreading what they say could be a death knell. And with specific industries likely to be hit hard, business leaders are hoping the new threats could spur momentum on a trade deal with the U.S.
  
  Read more

• IMAX CEO describes 'frenzy' after Christopher Nolan's 'The Odyssey' shatters records

  22-07-2026 00:00 via foxbusiness.com
  
  IMAX CEO Rich Gelfond described the success of Christopher Nolan’s action epic "The Odyssey" as a "frenzy" while discussing his record-breaking blockbuster weekend debut on "The Claman Countdown.""The Odyssey," directed by the renowned Christopher Nolan, stunned box offices over the weekend after its Friday debut, raking in more than $124 million in ticket sales."They always say, ‘Does the movie have legs? We'll find out.’ We've already found out the movie has legs," Gelfond sa
  
  Read more

Follow @Business_Newsl on Twitter!