Daily Crunch: Alphabet Shuts Down Loon

Enlarge / The Intelsat 901 satellite is seen by a Northrop Grumman servicing vehicle in 2020. (credit: Northrop Grumman) Facing competition from Starlink and other emerging satellite broadband networks, the two companies that own most of the traditional commercial communications spacecraft in geostationary orbit announced plans to join forces Tuesday. SES, based in Luxembourg, will buy Intelsat for $3.1 billion. The acquisition will create a combined company boasting a fleet of some 100 multi-ton satellites in geostationary orbit, a ring of spacecraft located more than 22,000 miles (nearly 36,000 kilometers) over the equator.

The packaging for Walmart’s Bettergoods line looks like something you might find in Target. That’s intentional. Walmart’s new private label brand, Bettergoods, doesn’t look like what you might expect a Walmart private-label brand to look like. And that’s entirely the point. The discount retailer is pitching the new brand to shoppers looking for “elevated culinary experiences,” according to the company.

Cannabis advocates in Colorado cheered the Biden Administration’s reported move to reclassify marijuana and said the decision likely would reduce businesses’ tax burden significantly. Industry leaders cautioned that such a move — if finalized — would not resolve some major challenges facing the industry, such as limited access to banking. But they pointed to the symbolic importance of preparations by the U.

According to DOH officials, the eatery was issued a red “closed” placard after an inspection on April 29.

One of Houston's most anticipated attractions will be open by Labor Day, months earlier than originally expected.

In this guest column, a graduate of Local First Arizona's accelerator program designed to help minority startup owners launch their business, writes about the positive effect of the program, and how it helped her find a financial services partner she could rely on.