PepsiCo raised its full-year outlook as it beat earnings and revenue estimates for the second quarter, but higher prices hurt its volume.
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Delta posts record quarterly earnings, hikes full-year outlook on travel boom
The airline benefitted from strong travel demand and cheaper fuel.
Continue readingViasat stock plunges after company discloses malfunction in new satellite
Viasat disclosed its most recently launched communications satellite suffered a malfunction while deploying the reflector of its Viasat-3 Americas satellite.
Continue readingDisney extends CEO Bob Iger’s contract through 2026, two years longer than planned
Iger had previously told CNBC that he had no intention to stay longer than two years in the post after he returned in November.
Continue readingCommunist Party cells influencing U.S. companies’ China operations, FBI Director Wray says
The Chinese government has “exploited” joint business ventures in search of companies’ secrets and information, Wray told the House Judiciary Committee.
Continue readingFrom ‘Barbie’ to Formula 1, TAG Heuer is making its mark on the luxury watch market
Luxury watch maker TAG Heuer, which is owned by LVMH, is riding a wave of marketing successes and new launches.
Continue readingNvidia invests $50 million in biotech company Recursion for AI drug discovery
Nvidia is investing in Recursion, which uses AI models to identify new therapies and offers those models to its partners, including Roche and Bayer.
Continue readingUnited unveils new first-class seats in nearly once-in-a-decade refresh
United and other airlines are refreshing their cabins to include better technology and privacy to win over high-paying travelers.
Continue readingActors strike looms as midnight deadline approaches, union slams producers’ tactics
If talks break down between SAG-AFTRA and AMPTP, 160,000 actors will join striking writers on the picket lines.
Continue readingWhistleblower alleges Medtronic engaged in bribery scheme at veterans hospital
A recently unsealed lawsuit alleges sales reps from Medtronic, the world’s largest medical equipment company, operated a bribery scheme at a veteran hospital.
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