5 Key Business & Political Updates: August 21, 2025

Business News and Market Insights

• 💡 Workday, a human resources software giant, is reporting earnings after the bell, with its stock down 17% in the last three months due to concerns that AI could take market share.
• 🏥 UnitedHealth has established a new public responsibility board committee to oversee financial, regulatory, and reputational risks, aiming to repair its public image.
• ☕ Starbucks is expanding its test of coconut water beverages, including cocoa matcha and cocoa cold brew, in 400 stores across major cities like New York, Chicago, and LA.

Political and Legal Developments

• ⚡ President Trump has stated his administration will not approve wind or solar projects, following a tightening of permitting for renewables last month.
• ⚖️ Elon Musk faces a lawsuit from voters accusing him of defrauding them by promising a chance to win a million dollars for signing a petition to support the US Constitution.