The EPA’s percentage targets for EV adoption are not mandates but expectations for how automakers can meet its new regulations.
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Nelson Peltz withholds votes from Disney CEO Bob Iger in proxy battle
The move is hardly shocking, given the acrimonious nature of the battle. In recent weeks, Disney has stepped up its attacks on Trian and Peltz.
Continue readingAmgen wants in on the booming weight loss drug market — and it’s taking a different approach
Amgen is testing a monthly injection that works differently and appears to help patients maintain their weight loss even after they stop taking it.
Continue readingHere’s how much people are willing to spend on weight loss drugs, according to a new survey
Some patients are willing to pay more for GLP-1 weight loss drugs like Wegovy than others — and it’s strongly correlated to their annual income.
Continue readingBoeing CEO to step down in broad management shakeup as 737 Max crisis weighs on aerospace giant
Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.
Continue readingFormer Disney CEO Bob Chapek breaks silence, says there’s no strategic need for ESPN partners
Former Disney CEO Bob Chapek spoke to CNBC about ESPN and its future in his first public comments since his 2022 firing.
Continue readingMedicare can now cover certain weight loss drugs in a big step for patients
Medicare patients can soon get coverage for Novo Nordisk’s Wegovy as long as it is prescribed to reduce their risk of heart attacks and strokes.
Continue readingNike shares slide on lackluster outlook, slowing China sales
Nike is in the midst of a broad restructuring to cut costs by about $2 billion over the next three years as consumer demand remains […]
Continue readingLululemon shares plunge 16% on weak guidance, slowing North America growth
Lululemon raised its holiday sales guidance in January after it saw sales trends come in “balanced across channels, categories, and geographies.”
Continue readingFanatics fires back at DraftKings’ claims of corporate espionage in bitter legal battle
In a legal battle over VIP bettors, Fanatics accuses DraftKings of creating a culture of retribution. DraftKings accuses Fanatics of corporate espionage.
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