Reuters | |

Shares of Clover Health Investments Corp jumped as much as 109% on Tuesday as it became a new focus for small individual traders on social media platforms who have prompted rallies in heavily shorted U.S. stocks this year.

Traders had exchanged more than $14 billion worth of Medicare-backed insurance seller Clover Health shares by the close, eclipsing the company's overall stock market value of about $9 billion.

Kimberly Redmond | |

Richard Robinson, the longtime chief executive officer of children’s publishing giant Scholastic Corporation (Nasdaq: SCHL), died Saturday at the age of 84 in Chilmark, Massachusetts, on Martha’s Vineyard.

In a statement announcing Robinson’s death, the publishing house did not provide a cause of death but said he “has been in excellent health and had been overseeing Scholastic’s long-term strategic direction and day-to-day operations for the better part of five decades.”

Kimberly Redmond | |

Starbucks Corporation (Nasdaq: SBUX) said customers can start using reusable cups again at company-owned cafes in the US later this month, more than a year after pausing the program due to the COVID-19 pandemic.

In an announcement Tuesday, the Seattle-based coffee giant said it would reintroduce the service starting June 22 through a “completely contactless” method that eliminates “any shared touch points between the customer and baristas.”

Kimberly Redmond | |

United Airlines will start requiring new hires to show proof that they have been vaccinated against COVID-19, making it the second major US air carrier to implement such a policy.

Under the new mandate, external candidates with job offers made after June 15, 2021, must upload their vaccination card into United’s system within seven days of joining the company — unless they qualify for a religious or medical accommodation, CNBC reported Monday.

Kimberly Redmond | |

General Motors Company’s (NYSE: GM) majority-owned autonomous car subsidiary Cruise was authorized by the California Public Utilities Commission (CPUC) to provide passenger service to the public in its prototype robotaxis.

On Friday, the CPUC announced that Cruise was issued the first driverless permit through the agency’s Autonomous Vehicle Passenger Service Program. Under the terms the program, Cruise is not allowed to charge fees for the rides and is required to submit quarterly reports about its vehicles, along with a passenger safety plan.

AP News | |

Facebook plans to end a contentious policy championed by CEO Mark Zuckerberg that exempted politicians from certain moderation rules on its site, according to several news reports.

The company’s rationale for that policy held that the speech of political leaders is inherently newsworthy and in the public interest even if it is offensive, bullying or otherwise controversial.

Kimberly Redmond | |

Google reassigned its global diversity lead Kamau Bobb after his antisemitic comments from a 2007 blog post resurfaced.

On Thursday, the Alphabet Inc (Nasdaq: GOOGL) subsidiary said that Bobb apologized for his remarks but will no longer be part of the diversity team. Instead, he will work in STEM education at the company.

Kimberly Redmond | |

United Airlines Holdings Inc (NYSE: UAL) announced a deal Thursday with Boom Supersonic to purchase 15 of the Denver-based startup’s supersonic jets with an option for 35 more.

Under the agreement, United will purchase Boom’s “Overture” jet once the planes meet United's “demanding safety, operating and sustainability requirements,” the companies said in a joint press release.

Kimberly Redmond | |

After this past weekend’s ransomware attack temporarily halted operations at JBS SA (OTC: JBSAY), the US Department of Agriculture (USDA) said it is unlikely that the pause will cause major disruptions to the industry.

The USDA told The Hill on Thursday that its daily production data shows “a strong rebound in cattle and hog slaughter” and that overall “the market is moving toward normalization.”

Kimberly Redmond | |

Walmart Inc (NYSE: WMT) is giving half of its US employees free cell phones so they can use a new company-developed app to clock in, manage their schedules and keep in touch with co-workers.

On Thursday, the Arkansas-based retail giant said more than 740,000 workers would be offered new Samsung XCover Pro smartphones, cases and protection plans by the end of the year.