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Spirit Airlines Eyes U.S. Lifeline; Red Lobster Revives Endless Shrimp—With Limits
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Welcome to WSJ Pro Bankruptcy's Daily Briefing. It's Tuesday, April 21. In today's briefing, Spirit Airlines and the Trump administration are reportedly in talks about a potential federal investment and equity stake to provide the carrier a financial lifeline as it faces imminent liquidation during its second Chapter 11. Meanwhile, Red Lobster is cautiously reviving its signature Endless Shrimp by offering the promotion with new limits, in an effort to win back loyal customers while avoiding the missteps that helped drive its 2024 bankruptcy.
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Spirit has struggled to find its footing after a federal judge two years ago blocked its planned sale to JetBlue. Patrick T. Fallon/AFP/Getty Images
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Struggling Spirit Airlines in Talks With Trump Administration on Government Investment
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Spirit Airlines is looking for a lifeline from the Trump administration. The administration and the troubled discount carrier are in talks about government aid, including a potential U.S. government investment into the company, people familiar with the discussions said.
The discussions were reported earlier by The Air Current. Bloomberg earlier reported that Spirit had proposed offering the government an equity stake in the company.
Spirit filed for bankruptcy protection last August, after a previous bankruptcy filing in late 2024 didn’t resolve its financial struggles. Discount airlines have been under pressure for years, with bigger rivals like Delta, United and American offering their own basic economy fares—along with more exotic destinations and premium upgrades.
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The Endless Shrimp promotion will be available on a limited-time basis. Red Lobster Seafood Co.
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Red Lobster’s Endless Shrimp Is Back—With a Few Strings Attached
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Red Lobster is bringing back its famed Endless Shrimp promotion—with a few strings attached.
The seafood chain said Monday it was reviving the deal for the first time since it declared bankruptcy in 2024. Adding Endless Shrimp to the permanent menu was among the factors that pushed Red Lobster into bankruptcy, but executives said Monday the chain was bombarded with requests from shellfish lovers for big plates of shrimp on the cheap.
“When our fans talk, we listen,” Red Lobster Chief Executive Damola Adamolekun said.
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Phillip Dressel’s medical procedures, including a left-leg amputation and tumor removal from his skull, have cost him hundreds of thousands of dollars. Justin Ide/Bailey & Glasser
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The Cancer Victims Who Could Sink Bayer’s Roundup Settlement
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The clock was ticking for Phillip Dressel to make a decision that could mean life-changing money.
Dressel is one of roughly 200,000 plaintiffs who have sued Bayer, claiming that its weedkiller Roundup caused their cancer.
The 69-year-old former landscaper with a rare form of non-Hodgkin lymphoma could join a $7.5 billion settlement reached earlier this year. His other option was proceeding with his individual case against Bayer.
The settlement could bring Dressel at least $48,000. A jury verdict, his lawyers estimate, could bring a payout totaling millions of dollars. He had to make a decision by June 4.
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