JetBlue Airways slashed its 2023 outlook and warned of a potential loss in the current quarter.
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Walmart is bringing ads to an aisle near you as retailers chase new money-makers
Walmart is pushing into more in-store advertising to capitalize on its huge reach and chase growth in higher-margin businesses.
Continue readingPlanet lays off about 10% of workforce as satellite imagery company restructures
Satellite-imagery and data-analysis company Planet is restructuring and laying off 117 employees, it announced on Tuesday.
Continue reading‘Barbenheimer’ is a billion-dollar win for the global box office
Both ‘Barbie’ and ‘Oppenheimer’ held tough at the domestic box office in their second weekends.
Continue readingCannabis companies Cresco, Columbia call off $2 billion merger as industry awaits banking reform
The termination comes as the cannabis industry struggles to scale as it awaits crucial federal and banking reform.
Continue readingNIH to test Pfizer’s Paxlovid, other treatments as potential long Covid therapies
There is no proven treatment for long Covid-19, which can cause a range of debilitating symptoms in millions of Americans.
Continue readingThe fight over a bill targeting credit card fees pits payment companies against retailers
Bipartisan support for the Credit Card Competition Act has surged since it was introduced last year.
Continue readingJohnson & Johnson effort to resolve talc cancer lawsuits in bankruptcy fails a second time
The decision jeopardizes J&J’s proposed $8.9 billion settlement that would stop new lawsuits over its talc baby powder and other products from being filed.
Continue readingNew Covid vaccines are coming to the U.S. this fall, but uptake may be low — Here’s why
Pfizer, Moderna and Novavax are slated to deliver new single-strain Covid shots targeting the omicron subvariant XBB.1.5 in September.
Continue readingAs Ford loses billions on EVs, the company embraces hybrids
Ford’s hybrid hype runs counter to recent messaging from the Detroit automakers, which have touted the performance and popularity of all-electric favorites.
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