Peloton’s shares plunged 20% after the company posted a wider-than-expected loss and churn that it blamed on its Bike seat recall and seasonality.
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SpaceX reportedly turned a profit in the first quarter
The rare look at SpaceX’s financials offers a clue into how the company is faring while it ramps up Starlink and races to get the […]
Continue reading‘Dune: Part Two’ is supposed to come out this year. The strikes could change that
Due to dual Hollywood labor strikes, studios are being forced to decide between releasing films without actor promotions or push openings to next year.
Continue readingModerna says new Covid vaccine was effective against Eris variant in early trial
Moderna’s vaccine and new shots from Pfizer and Novavax are slated to roll out within weeks, pending potential approvals from the Food and Drug Administration.
Continue readingWeight-loss drugs are priced substantially higher in the U.S. than in other countries, analysis says
The KFF analysis comes as many U.S. health insurers balk at the extreme cost of weight-loss drugs and drop the medications from their plans.
Continue readingWalmart and Target face similar problems — but only one is thriving
The two big-box retailers’ fiscal second-quarter results had sharp differences, even as economic factors shape consumer spending.
Continue readingWegovy could prevent up to 1.5 million heart attacks, strokes over 10 years, study says
The results complement the data Novo Nordisk released last week, which found Wegovy slashed the risk of serious heart problems and heart-related death by 20%.
Continue readingTarget Pride backlash adds to sales woes as culture wars rage in corporate America
As Target reported earnings, CEO Brian Cornell defended the company’s decision to pull some merchandise, but said it will continue to celebrate Pride month.
Continue reading‘Barbie’ beats Batman, becomes Warner Bros.’ highest-grossing domestic release
“Barbie” has topped $537 million, making it the highest-grossing domestic movie in Warner Bros. Discovery’s 100-year history.
Continue readingSeveral Buy Buy Baby, Harmon stores to reopen after buyers scored deals on the bankrupt brands
The new owners of Buy Buy Baby plan to reopen 11 stores as soon as this fall while Harmon is coming back, too, after Bed […]
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