Tag: Breaking News: Business
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As Americans go direct with GLP-1 prescriptions, Walmart, Costco, Amazon will be big weight-loss winners
As Americans are encouraged to go direct with weight-loss drug prescriptions, retail pharmacy chains are poised to win big.
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From a Fed decision to Big Tech earnings: What drove last week’s volatile market
Wall Street got back to its winning ways last week.
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To keep growing, incoming Best Buy CEO says he first wants to go smaller
As incoming CEO Jason Bonfig prepares to take the reins, he told CNBC he’s focused on expanding the company’s reach and enhancing the customer experience.
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‘Spider-Man: Brand New Day’ sets domestic box office preview record with $72 million
Sony and Marvel’s “Spider-Man: Brave New Day” is expected to haul in around $270 million domestically over its debut weekend.
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Why Situational Awareness hedge fund imploded, even in a tame stock market
Leopold Aschenbrenner’s $45 billion hedge fund was forced to slash public stock positions after a historic momentum reversal triggered margin calls.
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FIFA tests the limits of private equity in sports with World Cup subsidiary sale
UEFA and Concacaf’s rejection of FIFA’s plan to sell a 20% stake in the World Cup’s commercial operations highlights uneasiness with private equity in sports.
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GM to launch its own in-vehicle AI system later this year
General Motors plans to launch a proprietary in-vehicle artificial intelligence system that’s better tailored for its customers later this year.
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Novo Nordisk shares dive after heart medicine fails trial
The experimental medicine ziltivekimab didn’t translate into a statistically meaningful reduction in major cardiovascular adverse events, Novo said Friday.
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More consumer companies are staying private for longer, avoiding the IPO road
With the rise of secondary markets and a stronger liquidity environment, more companies are choosing to stay private for longer, according to experts.
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Rivian reduces 2026 spending plans, narrows earnings guidance
Rivian reduced its 2026 spending plans and slightly narrowed its previously forecasted losses this year as the company reported second-quarter results.
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