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  Home News Technology Software Products Monday, May 27, 2024 
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Weekly Recap: 13 Press Releases You Might Have Missed
Monday, May 27, 2024

A roundup of the most newsworthy press releases from PR Newswire this week, including Red Lobster's Chapter 11 filing, Target's price cuts and the 2024 Best Places to Live rankings.

NEW YORK, May 24, 2024 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

    1. Red Lobster Files Voluntary Chapter 11 Petitions to Strengthen Financial
       Position and Maximize Value for StakeholdersThe Company intends to use
       the proceedings to drive operational improvements, simplify the business
       through a reduction in locations, and pursue a sale of substantially all
       of its assets as a going concern. As part of these filings, Red Lobster
       has entered into a stalking horse purchase agreement pursuant to which
       Red Lobster will sell its business to an entity formed and controlled by
       its existing term lenders.

    2. PepsiCo Beverages North America Announces California-Based Electric Fleet
       will More Than Triple with Latest DeploymentIn the next several months,
       fifty Class 8 Tesla Semi trucks will operate out of its manufacturing and
       distribution facility in Fresno, Calif., and 75 Ford E-Transit electric
       vans will step-change the electrification of its equipment services fleet
       across the state.

    3. Target Will Help Consumers Save Big by Lowering Prices on 5,000
       Frequently Shopped ItemsConsumers will enjoy savings on everyday items
       such as milk, meat, bread, soda, fresh fruit and vegetables, snacks,
       yogurt, peanut butter, coffee, diapers, paper towels, pet food and more.
       These price reductions will collectively save consumers millions of
       dollars this summer.

    4. Tech Companies Announce A New Coalition To Fight Online Fraud & Pig
       Butchering ScamsTech Against Scams includes leading tech firms, Match
       Group, Coinbase, Meta, and Ripple who will work together to help prevent
       and disrupt financial scams throughout the lifecycle of a scam.

    5. U.S. News Releases the 2024-2025 Best Places to Live Rankings"Rising
       concerns about career prospects, housing affordability and increased cost
       of goods and services are reflected in this year's rankings," said Erika
       Giovanetti, loans expert and reporter, U.S. News & World Report. "While
       quality of life remains the top priority for many Americans, a city's
       value and job market are becoming increasingly important for those
       looking for a place to live."

    6. Nvidia, 3M, Fidelity, Sony, Adidas top 2024 Axios-Harris Poll 100 with
       best reputation; 70% of companies declineSocial media platforms and
       companies viewed as politically polarizing are the ones with the poorest
       reputations or that suffered the steepest declines. This year, The Trump
       Organization, X (formerly Twitter), Spirit Airlines, Meta/Facebook and
       Fox Corporation are at the bottom of the 26th annual list, with poor

    7. Cheez-It® Opens the Cheez-In Diner Serving a Full Menu of Delicious,
       Absurdly Cheezy Classics to Kick Off Summer Road Trip SeasonThe brand's
       latest outpost features Cheez-It® infused fare including a Deluxe
       Cheez-It Milkshake and one-of-a-kind experiences like a jukebox that
       plays for Cheez-It crackers instead of coins.

    8. Wilson Sporting Goods Doubles Down on Women's Game by Signing Caitlin
       ClarkWilson will roll-out signature basketball collections celebrating
       Clark's continued legacy, as well as work with her to innovate product
       across the WNBA, NBA and basketball at large- further cementing her
       impact on the world of sport.

    9. Michelle Obama's When We All Vote Will Bring Voting to the Culture and
       Engage Voters Across the Country This SummerThe Culture of Democracy Tour
       brings voting to popular culture through events, sweepstakes, campaigns,
       voter registration drives and more in partnership with the organization's
       thousands of volunteers and partners.

    10. Dell Technologies Expands Dell AI Factory with NVIDIA to Turbocharge AI
        Adoption"Generative AI requires a new type of computing infrastructure -
        an AI factory that produces intelligence," said Jensen Huang, founder
        and CEO, NVIDIA. "Together, NVIDIA and Dell are providing the world's
        industries with a full-stack offering - including computing, networking
        and software - that drives the copilots, coding assistants, virtual
        customer service agents and industrial digital twins of the digital

    11. BofA Study: Percentage of American Workers Feeling Financially Well
        Rises to 47%Meanwhile, the gap in financial wellness between men and
        women continues to grow, with 53% of men reporting good financial
        wellness compared to 36% of women. In addition, employees expressed
        concern about inflation, with 76% of workers saying that the cost of
        living is outpacing growth in their salary or wages, compared to 67% in
        June 2023.

    12. PetSmart Searches for Next 'Chief Toy Tester' Offering $20,000 to the
        New Team Members Each quarter of their one-year commitment, the Chief
        Toy Testers will receive boxes full of the newest toys, treats, and yes,
        costumes, as well as apparel. The Chief Toy Testers will share their
        official product reviews on social media to let all pets out there know
        which new toys and treats they must-have.

    13. Nestlé Introduces Vital Pursuit Brand to Support GLP-1 Users, Consumers
        Focused on Weight ManagementThe products are high in protein, a good
        source of fiber, contain essential nutrients, and they are
        portion-aligned to a weight loss medication user's appetite. The new
        line is also well-suited to support a balanced diet for anyone on a
        weight management journey.

Read more of the latest releases from PR Newswire and stay caught up on the top press releases by following @PRN_TopStories on Twitter.

Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they're signed up, reporters, bloggers, and freelancers have access to the following free features:

    --  Customization: Users can create customized newsfeeds that will deliver
        relevant news right to their inbox. Newsfeed results can be targeted by
        keywords, industry, subject, geography, and more.
    --  Photos and Videos: Thousands of multimedia assets are available to
        download and include in a journalist or blogger's next story.
    --  Subject Matter Experts: Journalists will have access to ProfNet, a
        database of industry experts to connect with as sources or for quotes in
        their articles.
    --  Related Resources: Our journalist- and blogger-focused blog, Beyond
        Bylines, features regular media news roundups, writing tips, upcoming
        events, and more.

About PR Newswire

PR Newswire is the industry's leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.

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