The shooting of Brian Thompson has unleashed a torrent pent-up of anger towards insurers, renewed calls for reform and reignited a debate over U.S. health […]
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Stellantis further delays electric Ram pickup to prioritize plug-in ‘EREV’ model
Stellantis said Wednesday it will further delay an all-electric Ram pickup from next year until 2026.
Continue readingU.S. auto sales next year expected to be best since 2019
S&P Global, Edmunds and Cox Automotive expect new auto sales to increase year over year by 2.5% or less to achieve the industry’s best results […]
Continue readingFrom trees to decorative chickens, holiday decor could boost retailers as shoppers pull back on gifts
Retailers are trying to capitalize on customers going big on decorating, especially as discretionary spending is still under pressure.
Continue readingMerck to develop weight loss pill from Chinese drugmaker in up to $2 billion licensing deal
Merck will pay Hansoh $112 million upfront for rights to the drug, with the potential for an additional $1.9 billion in payments and royalties on […]
Continue readingFamily offices face hidden risks in making direct investments
Family offices, the in-house investment and service firms of high-net-worth families, have increasingly been making direct investments in private companies.
Continue readingWomen’s basketball league Unrivaled secures $28 million in new funding from star-studded investor lineup
Startup basketball league Unrivaled announced on Monday the close of its Series A funding round, raising an additional $28 million before its inaugural season.
Continue readingFrom growth to gone: GM’s Cruise robotaxi business is latest growth initiative to falter
The driverless ride-hailing service was supposed to be the shining star of GM’s growth plans, leading to $50 billion in revenue by the end of […]
Continue readingStarbucks union votes to authorize strike ahead of this year’s last scheduled bargaining session
In late February, Starbucks and the union announced they would work on a “foundational framework” on how to reach a collective bargaining agreement.
Continue readingGrubhub to pay $25 million in FTC settlement over harmful practices against diners, workers
The complaint claims that Grubhub deceived diners about delivery costs and blocked access to their accounts.
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