OpenAI hosts first developer event in nearly two years, announcing App SDK, AgentKit, ChatKit and Codex, with Jony Ive making surprise appearance. Nike CEO Elliott Hill says company's turnaround path is "not linear" as quarterly sales and profits continue declining. Domestic box office hits $6.5 billion in first three quarters, up from $6.3 billion last year, with big releases coming. Verizon appoints Dan Schulman as new CEO, replacing Hans Vestberg, sending shares down 5%. Steak 'n Shake announces massive flag installations as patriotic marketing strategy. Rite Aid shutters remaining 89 stores after second bankruptcy filing in less than two years, with CVS buying most pharmacy services. Bruce Buffer signs as Bud Light spokesperson after 30 years as UFC ring announcer. And IKEA acquires Locus Robotics to cut delivery costs by $117 million annually while expanding U.S. presence despite tariffs.

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Nike CEO admits turnaround "will take a while"

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