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Arrivederci Domino’s: Pizza Giant Shuts Down in Italy After Failing to Lure Italians to Their Pizza

Domino’s ambitious experiment to launch American pizza tastes in the ancestral home of pizza has come to a quiet, predictable end. Seven years after its debut in the country, the American pizza giant has formally shut its stores after it failed to win over locals who preferred homegrown options, according to a report by Milano Today. EPizza SpA, the franchise operator of the Domino's brand in Italy, filed for bankruptcy after it struggled to make enough sales during two years of pandemic restrictions, according to a document filed in a Milan court.

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Bad Year for SoftBank

SoftBank got hit hard as the company reported a net loss of $23 billion after diminishing technology valuations and a weak yen. The company is now looking for ways to drastically cut costs in the coming months.

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Antitrust Bill Postponed for This Fall

The bill would largely target Apple, Amazon, and Google, in an attempt to prevent these companies from predominantly advertising products produced by the companies themselves while leaving other distributors in the shadows. This has become a serious concern as throughout Amazon’s massive e-commerce platform, the Apple app store, and Google’s search engine these companies are capable of shutting out any competitive producers.

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Pfizer Acquires Global Blood Therapeutics for $5.4 Billion

Pfizer is continuing the company’s streak of acquisitions with a $5.4 billion deal to acquire Global Blood Therapeutics in an attempt to expand into the blood disorder market.

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Axios Acquired for $525 Million

The online news company Axios Media agreed to be bought by Cox Enterprises the latest in a recent flurry of digital deals by traditional media companies.

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