The Trump administration promised to drastically cut prescription drugs prices in the US, where the industry makes most of its money.
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Ford will spend $3 billion to expand production of its popular combustion engine large trucks; Volvo reported a record core operating profit.
Paris-based Pernod Ricard announced Wednesday that it’s selling most of its wine portfolio to a consortium of Australian wine investors.
Italy’s antitrust agency has opened an investigation into Dior and Armani over allegations of worker exploitation.
The UK and US announced a “historic” trade deal Thursday that does little to reduce Washington’s overall global trade war.
The board of directors for Macy’s unanimously voted to end negotiations with Arkhouse and Brigade to take the company private.
Roku wants to personalize movie night with generative AI.
Not only is sportswear and sneaker giant Nike faced with struggling financials, but it is also searching for its soul.
De Beers, the world’s largest diamond producer, said it plans to shutter its lab-grown jewelry brand LightBox.
Filings like these indicate that this pivot will likely have a domino effect on all other parts of the automotive industry.
Microsoft’s gaming division Xbox announced it’s splitting its hugely popular subscription service Game Pass into two subscription tiers.
CNN announced layoffs of 100 employees, a reorganization of its newsrooms, and its “first direct-to-consumer subscription product.”
Netflix is rolling out the first major redesign of its home hub since 2013, hoping people might watch more if inundated with less.
Fast-food chain McDonald’s, an economic indicator because of its mammoth global presence, posted its worst earnings report since 2020.
Novo Nordisk, maker of weight-loss drug Wegovy, struck a deal with online telehealth storefronts that sold cheap knockoffs during shortages.
Reducing beverage-wait times is part of Starbucks CEO Brian Niccol’s turnaround plan, which includes tech updates focused on efficiency.