Lawmakers asked retailers Temu, Shein, Nike and Adidas about the use of materials and labor sourced from the Xinjiang Uyghur Autonomous region of China.
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UAW withholding Biden re-election endorsement until EV concerns are addressed
UAW President Shawn Fain says the union wants a “just transition” for workers, as the government uses taxpayer money to subsidize the EV industry.
Continue readingMcDonald’s franchisees fined after 305 minors, including 10-year-olds, found working illegally
Two 10-year-olds were among over 300 minors found to be working in violation of federal labor laws at McDonald’s franchises across Kentucky and other states.
Continue readingFDA approves GSK’s RSV vaccine for older adults, world’s first shot against virus
The FDA’s approval is a victory for GSK in a race against Pfizer and Moderna to bring a shot that targets respiratory syncytial virus to […]
Continue readingThe market is looking for the next ‘domino’ to fall, keeping banks under pressure
The sharp selloff in regional banks sparked by the March failure of Silicon Valley Bank resumed Tuesday, catching Wall Street analysts and investors off guard.
Continue readingOlive Garden owner Darden Restaurants buys Ruth’s Chris Steak House for $715 million
Ruth’s Chris Steak House has more than 150 locations worldwide and generated $505.9 million in revenue in 2022.
Continue readingJ&J’s consumer health business Kenvue is going public this week. Here’s what to know
J&J’s consumer health spinoff Kenvue is expected to set an initial public offering price Wednesday night and trade Thursday on the New York Stock Exchange.
Continue readingMortgage demand drops as bank failures hit jumbo loan rates
Mortgage demand dropped last week despite a slight easing in interest rates, while trouble in the banking sector makes jumbo loans more expensive.
Continue readingEli Lilly Alzheimer’s treatment donanemab slowed disease progression in clinical trial
Donanemab, a monthly antibody infusion made by pharmaceutical company Eli Lilly, also significantly reduced brain plaque associated with Alzheimer’s disease.
Continue readingYum Brands earnings miss estimates despite KFC and Pizza Hut’s recovery in China
Yum’s same-store sales increased 8% in the quarter as KFC, Taco Bell and Pizza Hut outperformed expectations.
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