GameStop names Ryan Cohen as CEO effective immediately
GameStop Chairman Ryan Cohen. Source: CNBC GameStop said Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer’s chief executive. Shares of the company jumped nearly 10% in premarket trading following the announcement. GameStop said Cohen wouldn’t receive any compensation for his work as the company’s CEO, president and […]
FAA closes investigation into Blue Origin’s New Shepard rocket failure
The moment of the anomaly during the New Shepard cargo mission NS-23, in which the booster’s engine failed. Blue Origin The Federal Aviation Administration closed its investigation into last year’s failed flight of a cargo mission by Jeff Bezos’ Blue Origin, the regulator announced Wednesday. Blue Origin is required by the FAA to “implement 21 […]
At GOP debate, Ramaswamy calls for social-media ban for anyone 16 and under
Republican presidential hopeful Vivek Ramaswamy took aim at social-media companies during the second GOP presidential debate, saying Wednesday night that he would aim to ban anyone age 16 or under from using those companies’ platforms. “If you’re 16 years old or under, you should not be using an addictive social-media product — period,” said Ramaswamy, […]
Peloton shares soar on partnership with Lululemon
Jen Van Santvoord rides her Peloton exercise bike at her home in San Anselmo, California. Ezra Shaw | Getty Images Peloton and Lululemon are joining forces. The two companies announced a five-year partnership Wednesday that will bring Peloton’s content to Lululemon’s exercise app. Lululemon in turn will become Peloton’s primary athletic apparel partner, and a […]
Peloton shares soar on partnership with Lululemon
Jen Van Santvoord rides her Peloton exercise bike at her home in San Anselmo, California. Ezra Shaw | Getty Images Peloton and Lululemon are joining forces. The two companies announced a five-year partnership Wednesday that will bring Peloton’s content to Lululemon’s exercise app. Lululemon in turn will become Peloton’s primary athletic apparel partner, and a […]
FDA panel rejects ALS treatment from Brainstorm Cell Therapeutics
A U.S. Food and Drug Administration advisory committee voted against a treatment from BrainStorm Cell Therapeutics BCLI, -8.35% for amyotrophic lateral sclerosis, or ALS. The FDA panel’s vote was 17-1, with one adviser abstaining. Patients last year petitioned the FDA to consider the treatment, called NurOwn, in a public hearing. The agency said the company […]
SpaceX wins first Pentagon contract for Starshield
An uncaptioned image posted on the company’s website appears to show Starshield technology in orbit. SpaceX The Pentagon has awarded Elon Musk’s SpaceX its first confirmed contract for the Starshield network it’s developing, a military-specific version of the company’s Starlink satellite internet system, the defense agency said Wednesday. A Space Force spokesperson confirmed that SpaceX […]
Oil extends march toward $100 a barrel after U.S. crude drawdown
The U.S. oil benchmark ended at a nearly 13-month high Wednesday after a further decline in domestic crude inventories stoked supply worries. Price action West Texas Intermediate crude for November delivery CL.1, +3.66% CL00, +3.66% CLX23, +3.66% surged $3.29, or 3.6%, to close at $93.68 a barrel on the New York Mercantile Exchange, its highest […]
Diabetes drug makers to participate in Medicare negotiations
In this photo illustration, Farxiga is made available to customers at the New City Halsted Pharmacy on August 29, 2023 in Chicago, Illinois. Scott Olson | Getty Images AstraZeneca and Boehringer Ingelheim on Wednesday told CNBC they will agree to participate in the first round of Medicare drug price negotiations, even after both pharmaceutical companies […]
U.S. Latino economic output grows to $3.2 trillion, new study says
The U.S. Latino economy continues to grow, reaching $3.2 trillion in 2021, up from $2.8 trillion the year prior, according to a new report by the Latino Donor Collaborative in partnership with Wells Fargo. Over the last decade, the U.S. Latino economy has grown two and a half times faster than the non-Latino equivalent, surpassing […]
