Novo Nordisk CEO testifies at Senate over weight loss drug prices
Novo Nordisk‘s top executive faces a Senate grilling on Tuesday over the high prices of the company’s weight loss drug Wegovy and diabetes treatment Ozempic, as demand for both injections soars in the U.S. Novo Nordisk CEO Lars Fruergaard Jørgensen is testifying at a Senate Health, Education, Labor and Pensions Committee hearing, which was set […]
Chinese stocks soar on stimulus plan. Can the rally continue?
China’s stock market surged the most in more than two years and industrial commodity prices bounced after Beijing on Tuesday unleashed a swathe of stimulus measures.
How Foot Locker is waging a comeback after its breakup with Nike
An employee arranges Nike basketball shoes on display at the House Of Hoops by Foot Locker retail store at the Beverly Center in Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images During a recent event celebrating Foot Locker’s 50th anniversary in New York City, it was hard to imagine that the legacy sneaker […]
Revised U.S. News college rankings still fail to help families find the best deal on higher education
U.S. News is out with its latest ranking of America’s top colleges, but critics say the controversial list’s revised methodology does little to help families find the best deal on higher education
Levi’s teases Beyoncé collaboration as denim trend takes hold
Beyoncé at the 2024 iHeartRadio Music Awards held at the Dolby Theatre in Los Angeles on April 1, 2024. Michael Buckner | Billboard | Getty Images Levi Strauss summoned the Beyhive on Monday after teasing a potential collaboration with Beyoncé in a post on Instagram. The brand’s shares briefly popped after the update and were […]
Visa stock slips on reports that it faces Justice Department antitrust lawsuit
Visa Inc. stock fell 1.6% in after-hours trading Monday following reports that the payments giant faces an antitrust lawsuit from the U.S. Justice Department.
Boeing sweetens labor proposal in ‘best and final’ offer
Striking Boeing workers hold rally at the Boeing Portland Facility on September 19, 2024, in Portland, Oregon. Jordan Gale | AFP | Getty Images Boeing on Monday sweetened its contract offer and said it was its “best and final” proposal for its more than 30,000 machinists as their strike, which has halted most of the […]
Investors clinging to cash face these two risks as the Fed cuts interest rates, researchers say
Researchers looked at how much $1 million invested in cash versus stocks would have earned over almost 100 years.
Southwest Airlines tells staff ‘difficult decisions’ ahead
A Southwest Airlines plane takes off from Hollywood Burbank Airport on July 25, 2024 in Burbank, California. Mario Tama | Getty Images Southwest Airlines has warned employees that it will have to make “difficult decisions” ahead to boost profits as the carrier faces pressure from activist Elliott Investment Management, which has sought leadership changes at […]
U.S. business activity suffers small loss of momentum in September, PMI shows
Optimism about the outlook in the year ahead deteriorated sharply to the lowest level since October 2022, in part due to uncertainty regarding the presidential election.
