Industries

Healthcare

Novo Nordisk Seeks to Expand Liver Disease Treatments in $5.2B Deal for Bay Area Biotech

Photo via Ritzau Scanpix/Sipa USA/Newscom

The acquisition comes as new CEO Mike Doustdar tries to revive once meteoric growth that has come crashing down to earth this year.

2 min read

Photo via Fotografo01IPA/Sipa USA/Newscom

Consumer

Delta Bookings Show Luxury Travel May Insulate Airlines From Gloomy Consumers’ Cost-Cutting

The Atlanta-based carrier expects to make record earnings in the fourth quarter, with an adjusted profit of $1.60 to $1.90 a share.

2 min read
Photo by Kunakorn Rassadornyindee via iStock

Finance

Jefferies Reveals Fund’s $715 Million Exposure to Failed First Brands Amid Relationship Scrutiny

When First Brands filed for bankruptcy last month, it listed over $10 billion in liabilities and nearly $6 billion in long-term debt.

2 min read
Photo via Courtesy of Tesla, Inc

Electric Vehicles

Tesla Steers Toward Mass Market … Sort Of

The new Model Y, dubbed the Model Y Standard, essentially fills the void of the expired tax credit with a starting price of $39,990.

2 min read

Consumer

Constellation Brands’ Star Dims as Inflation Chokes Consumers’ Beer Budgets

Photo via Fotoarena/Sipa USA/Newscom

Just 54% of US adults said they consume alcohol in a recent Gallup poll, marking the lowest level in the survey’s roughly 90-year history.

2 min read

Consumer

Sensory Upload: Walmart Expands Automation of Grocery Tracking

Photo via F. Carter Smith/Polaris/Newscom

Walmart — a.k.a., the largest grocer in the United States — sells so many groceries it’s nearly impossible to keep track.

2 min read

Electric Vehicles

GM Makes a Power Move, Shifting Focus from EVs Back to Gas Engines

Photo via Jeff Kowalsky/ZUMAPRESS/Newscom

Sales of new electric vehicles fell 6.3% year-over-year in the second quarter, according to Cox Automotive analysts.

2 min read

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