Merck, J&J, Bristol Myers Squibb CEOs face Senate drug price hearing
Sen. Bernie Sanders, left, appears at a news conference with Sen. Ed Markey on issuing subpoenas for pharmaceutical company CEOs to testify regarding drug prices, in the Capitol, Jan. 25, 2024. Bill Clark | Cq-roll Call, Inc. | Getty Images Senators are questioning the CEOs of Johnson & Johnson, Merck and Bristol Myers Squibb on […]
Philip Morris says its e-cigarettes are now selling more than Marlboro products
Philip Morris International Inc.’s stock was down 3.8% in premarket trading on Thursday after the cigarette maker missed Wall Street’s fourth-quarter earnings estimate and said its 2024 earnings would fall short. Philip Morris International PM, -1.84% said its iQOS electronic cigarettes surpassed its Marlboro cigarettes in terms of net revenue, as cigarette shipment volume dropped […]
Taylor Swift Eras Tour film to stream on Disney+ starting March 15
Taylor Swift performs during opening night of her The Eras Tour at Soldier Field in Chicago on June 2, 2023. Chicago Tribune |Getty …Ready for it? Taylor Swift’s filmed Eras Tour has found a home on Disney+. The concert film will arrive on the platform on March 15, Disney CEO Bob Iger announced during the […]
ESPN will launch its flagship direct-to-consumer service in fall 2025
A detail view of a broadcast camera is seen with the NFL crest and ESPN Monday Night Football logo on it during a game between the Chicago Bears and the Minnesota Vikings at Soldier Field in Chicago on Dec. 20, 2021. Icon Sportswire | Icon Sportswire | Getty Images ESPN will launch its flagship direct-to-consumer […]
Authorities reportedly probing crash between Waymo driverless car and bicyclist
California regulators are reportedly looking into a crash in San Francisco between a Waymo self-driving car and a bicyclist. The driverless taxi struck the cyclist in an intersection in San Francisco’s Mission District on Tuesday afternoon. The cyclist was lightly injured but did not require hospitalization. A passenger in the vehicle was uninjured. Reuters reported […]
Nelson Peltz isn’t abandoning proxy fight
Nelson Peltz, founding partner and CEO of Trian Fund Management, speaks with CNBC’s Andrew Ross Sorkin on July 17, 2013 in New York. Heidi Gutman | CNBC, NBCU Photo Bank, NBCUniversal via Getty Images Are you not entertained, Nelson Peltz? Disney shares jumped 6% in after-market trading Wednesday after the company posted earnings and flooded […]
After ‘Barbie’ boom, Mattel is cutting costs — and buying back stock
Last year was all about Barbie for toy maker Mattel Inc., after a box-office blowout for the “Barbie” movie and a corresponding jump in doll sales. But in 2024, the company is looking to cut costs, and expects weaker demand for its iconic doll and across its toys overall. Mattel MAT, +1.57% on Wednesday said […]
Disney is releasing a ‘Moana’ sequel in theaters this Thanksgiving
Still from Disney Animation’s “Moana.” Disney How far will Disney go? Back to ancient Polynesia, it seems. On Wednesday, Disney CEO Bob Iger revealed that the untitled Disney Animation film slated for Thanksgiving is a sequel to the beloved 2016 film “Moana.” The news comes just a day after Nielsen’s year-end rankings named “Moana” as […]
‘I received an insurance claim’: Why does it take 5 days for my check to clear?
Dear Quentin, I have a banking question for which I would like to get further clarification. I received an insurance-claim check for $22,000, written against a Bank of America account. On Tuesday morning, I deposited the check into my bank account. But none of the funds will be available until essentially five business days later. […]
Moody’s downgrades bank’s credit rating to junk
The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty Images New York Community Bank on Wednesday promoted its chairman to help stabilize the company’s operations, hours after Moody’s Investors Service downgraded the bank’s credit ratings two notches to junk. Shares dropped as much as […]
