20 stocks of companies that have put up excellent numbers this earnings season, including a surprise
It’s a good sign when a company can increase sales rapidly while also maintaining pricing power and improving efficiency.
China biopharma deals rise with Summit, Merck
A little-known biotech company stunned the biopharmaceutical industry last spring when it declared an “unprecedented” achievement: its experimental cancer drug looked more effective than Merck‘s Keytruda in a clinical trial. The company, Summit Therapeutics, licensed the drug from Chinese company Akeso Inc. In October, a group of life science investors announced they were putting $400 […]
CVS CEO defends PBMs, accuses drugmakers of ‘monopolistic’ practices
David Joyner, a longtime CVS executive, speaks during a Senate Health, Education, Labor and Pensions Committee hearing in Washington, D.C., on May 10, 2023. Al Drago | Bloomberg | Getty Images CVS Health CEO David Joyner on Wednesday defended controversial pharmacy middlemen like his company’s Caremark unit, which are widely accused of inflating prescription medication […]
Ben & Jerry’s maker set for listing on three exchanges as Unilever forecasts ‘slower start’
Unilever on Thursday moved forward with its plan to separate its ice cream-making division, saying it will be listed on three stock exchanges.
ESPN host Stephen A. Smith ‘wouldn’t mind’ being U.S. president
Outspoken ESPN personality Stephen A. Smith is not ruling out a presidential run in his future. In an interview with CNBC Sport, Smith said, “I wouldn’t mind being in office.” Yet, the popular television host said it is the campaigning and being a politician that turns him off. “I’m not one of those dudes that’s […]
Intel’s stock is on a run not seen in more than two decades
Intel’s stock has enjoyed a strong three-day rally, fueled by a hospitable political climate and analyst commentary about its CPU business.
Comcast and NBCUniversal receive FCC inquiry on DEI initiatives
U.S. President-elect Donald Trump speaks to Brendan Carr, his intended pick for Chairman of the Federal Communications Commission, as he attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas. Brandon Bell | Getty Images The Federal Communications Commission has alerted Comcast […]
CFPB staff purge begins with dozens of employees terminated
Acting director of the Office of Management and Budget Russell Vought speaks with reporters during a press briefing at the White House in Washington on March 11, 2019. Jonathan Ernst | Reuters The Consumer Financial Protection Bureau sent termination notices to several dozen employees late Tuesday, according to people with knowledge of the situation. The […]
How Trump’s trade wars could backfire on U.S. stock and bond investors
In Trump’s first term, American businesses cut investment spending and industrial production slowed.
Olipop prebiotic soda valued at $1.85 billion in funding round
Super Bowl ad of Poppi. Source: Poppi Prebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round, which raised $50 million for the company. Founded in 2018, Olipop has helped fuel the growth of the prebiotic soda category, along with rival Poppi, which highlighted its drinks with […]
