The Trump administration promised to drastically cut prescription drugs prices in the US, where the industry makes most of its money.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
On Monday, BP announced it will put its US onshore wind power business, estimated to be worth about $2 billion, on the market.
A Labour Party official said he’d like to see legislation that heavily impacts imports of Chinese textiles — a potential problem for Shein.
Days after industrial workers in its Pacific Northwest plants voted to approve a labor strike, Boeing instituted a hiring freeze.
The UK and US announced a “historic” trade deal Thursday that does little to reduce Washington’s overall global trade war.
Auction house Christie’s has agreed to buy Gooding and Company, a classic auto auction house, to expand its luxury offerings.
McDonald’s announced that its $5 summer meal deal, which was only supposed to last through June, will now be extended into December.
Moderna walked a tightrope trying to convince shareholders it can both develop a new portfolio of drugs and keep costs down in the process.
De Beers, the world’s largest diamond producer, said it plans to shutter its lab-grown jewelry brand LightBox.
The Gym Group announced on Wednesday that in the first six months of this year it swung back to a profit for the first time since 2019.
With rising valuations, sports team ownership should be a slam dunk. But it’s also possible those valuations are a little rich.
Elliott Management ousted much of the board at Southwest Airlines, with Gary Kelly announcing his retirement amid broader board turnover.
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.