Industries

Healthcare

China’s Multibillion-Dollar US Pharma Pipeline Draws Scrutiny in Washington

Photo via Mu Yu / Xinhua News Agency/Newscom

China’s pharmaceutical sector, a minor player just years ago, has revved up into a global juggernaut faster than a Fuxing high speed train.

2 min read

Photo by Michael Förtsch via Unsplash

Electric Vehicles

A Culling Looms for China’s Crowded EV Industry

In an interview with the Financial Times, BYD’s executive vice president Stella Li said just a handful of China’s 130 EV-makers will survive.

1 min read
Photo via IMAGO/Vernon Yuen/IMAGO/Nexpher Images/Newscom

Industries

McDonald’s Chief Blasts Minimum Wage Loophole for Tipped Workers

McDonald’s is battling its own industry over fast food workers’ pay, which it believes should be better, and tips, which it opposes.

2 min read
Photo via Javier Rojas/ZUMAPRESS/Newscom

Electric Vehicles

Tesla Needs its Robo-Tech to Recharge Revenue

So far, Tesla has launched limited rideshare services in Austin and the Bay area, and it’s looking to expand into Florida, Arizona and Nevada.

2 min read

Consumer

Macy’s Makeover Smoothes Out Earnings-Related Worry Lines for Investors

Photo via Jimin Kim/ZUMAPRESS/Newscom

The department store also seems cautiously optimistic for the holidays, raising its profit forecast for the year.

2 min read

Industries

Pentagon Innovation Unit Grapples With Leadership Shakeup Amid Arms Race With China

Photo by vadimrysev via iStock

The Department of Defense is trying to counter increasingly savvy Chinese military research and development.

2 min read

Healthcare

Eli Lilly Captures Major Lead in Weight-Loss Pill Race

Photo by jetcityimage via iStock

Morgan Stanley analysts have estimated that Lilly’s GLP-1 pill could bring in as much as $40 billion in annual sales by 2033.

2 min read

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