Business News Archives | Page 142 Of 161

November home sales surged more than expected, boosted by lower mortgage rates

Investors own more than 131,000 homes in the Las Vegas Valley now. Las Vegas Review-journal | Tribune News Service | Getty Images Sales of previously owned homes rose 4.8% in November compared with October, according to the National Association of Realtors. That put them at a seasonally adjusted, annualized rate of 4.15 million units. Sales […]

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FDA says Eli Lilly’s weight loss drug Zepbound is no longer in shortage

Business News

An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters The Food and Drug Administration on Thursday said the active ingredient in Eli Lilly’s weight loss drug Zepbound is no longer in shortage, a decision that will eventually bar compounding pharmacies

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What the top 75 college sports programs are worth

Business News

With major college sports programs collectively generating billions in revenue each year, private investors are looking to get a piece of the action. But how much is a college sports program worth? It’s a question CNBC set out to answer after speaking with people in the private equity world who are seeking to invest in

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Darden Restaurants’ sales rise 6%, fueled by Olive Garden and LongHorn Steakhouse

Business News

A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois. Scott Olsen | Getty Images Darden Restaurants on Thursday reported quarterly earnings and revenue that met analysts’ expectations and better-than-expected same-store sales growth at Olive Garden and LongHorn Steakhouse. Shares of the company rose 8% in premarket trading. Here’s

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How Vuori reached a .5 billion valuation by taking share from Lululemon

How Vuori reached a $5.5 billion valuation by taking share from Lululemon

Business News

When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men’s shorts and couldn’t get investors to give it the time of day. Now, the Carlsbad, California, retailer is expanding globally, backed by a string of marquee investors including General Atlantic, SoftBank and Norwest Venture Partners, after raising $825 million

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American homeowners are wasting more space than ever before

Business News

Tim Kitchen | The Image Bank | Getty Images There may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. In fact, the most in recorded history. The number of extra bedrooms, which is defined as a bedroom in excess of the number of

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Why Americans are outraged over health insurance — and what could change

Business News

A person holds a sign while standing on the roadside near the McDonald’s restaurant where a suspect in the killing of the CEO of UnitedHealthcare, Brian Thompson, identified as Luigi Mangione, 26, was arrested, in Altoona, Pennsylvania, U.S. December 9, 2024. Matthew Hatcher | Reuters The deadly, targeted shooting of UnitedHealthcare CEO Brian Thompson has

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Stellantis further delays electric Ram pickup to prioritize plug-in ‘EREV’ model

Business News

2025 Ram 1500 Ramcharger Tungsten Ram DETROIT — Stellantis said Wednesday it will further delay an all-electric Ram pickup from 2025 until 2026, as the automaker confronts slower-than-expected adoption of EVs and competitors struggle to make profits on electric trucks. The decision to delay the full battery-electric model, which had already been postponed from this

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U.S. auto sales next year expected to be best since 2019

Business News

A sale sign is seen at car dealer Serramonte Subaru in Colma, California. Stephen Lam | Reuters DETROIT — U.S. new vehicle sales are expected to rise next year to their highest level since 2019, led by lower interest rates and improving affordability, according to industry analysts. Cox Automotive expects new light-duty vehicle sales to

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Merck to develop weight loss pill from Chinese drugmaker in up to billion licensing deal

Merck to develop weight loss pill from Chinese drugmaker in up to $2 billion licensing deal

Business News

Exterior view of the entrance to Merck headquarters on February 05, 2024 in Rahway, New Jersey. Spencer Platt | Getty Images Merck on Wednesday said it has snagged the rights to an experimental weight loss pill from Chinese drugmaker Hansoh Pharma, in a deal worth up to $2 billion. The oral drug has not yet

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November home sales surged more than expected, boosted by lower mortgage rates

What the top 75 college sports programs are worth

Darden Restaurants’ sales rise 6%, fueled by Olive Garden and LongHorn Steakhouse

How Vuori reached a $5.5 billion valuation by taking share from Lululemon

American homeowners are wasting more space than ever before

Why Americans are outraged over health insurance — and what could change

Stellantis further delays electric Ram pickup to prioritize plug-in ‘EREV’ model

U.S. auto sales next year expected to be best since 2019

Merck to develop weight loss pill from Chinese drugmaker in up to $2 billion licensing deal

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