The stress test changes bolster the case made by Wall Street analysts that U.S. banks will face a friendlier regulatory regime under the Trump administration.
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After calling off merger, Coach parent Tapestry’s holiday sales soar
Coach’s parent company reported the results less than two months after calling off its merger with fashion accessories competitor Capri.
Continue readingEli Lilly to release late-stage data on next-generation weight loss drug retatrutide in 2025, earlier than expected
Eli Lilly expects to read out results from a study in people with obesity and osteoarthritis of the knee in 2025.
Continue readingStrong Taco Bell sales fuel Yum Brands earnings beat
Taco Bell owner Yum Brands beat Wall Street’s earnings and revenue estimates.
Continue readingShares of Peloton surge 13% as it edges closer to profitability, posts better than expected sales
Peloton has shifted its focus to boosting profitability at the expense of growing sales by cutting marketing and other administraitive costs.
Continue readingHow Calvin Klein and Tommy Hilfiger got caught in Trump’s trade war with China
The owner of Calvin Klein and Tommy Hilfger has been placed on China’s unreliable entities list, which could force it to cease operations in the […]
Continue readingEli Lilly posts mixed quarter even as demand for weight loss, diabetes drugs soars
The results were consistent with the preliminary results Eli Lilly shared in January, which disappointed investors.
Continue readingBristol Myers Squibb plans $2 billion in cost cuts by 2027, issues weak guidance
The company also issued a 2025 guidance that fell short of expectations, as some of the company’s older drugs face competition from cheaper generics.
Continue readingFord CEO calls for ‘comprehensive’ tariff analysis for all countries
Farley singled out imports from Japan and South Korea that have little to no duties compared to the 25% tariff threatened on Canada and Mexico.
Continue readingCosm considers international expansion of immersive sports-viewing venues
Cosm has raised $300 million and may be in the market for more funding soon, CEO Jeb Terry in an interview with CNBC Sport.
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