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New Stellantis CEO faces slew of challenges, vows to avoid ‘mediocrity’

New Stellantis CEO faces slew of challenges, vows to avoid ‘mediocrity’

Incoming Stellantis CEO Antonio Filosa, head of the company’s Americas operations, greets a Windsor Assembly Plant employee during an event celebrating Chrysler’s 100th anniversary on June 6, 2025. Stellantis DETROIT — “Mediocrity is not worth the trip.” That was part of incoming Stellantis CEO Antonio Filosa’s first public message after being named to lead the

New Stellantis CEO faces slew of challenges, vows to avoid ‘mediocrity’ Read More »

Novo Nordisk ends deal with Hims & Hers over sales of Wegovy copycats; HIMS drops 20%

Novo Nordisk ends deal with Hims & Hers over sales of Wegovy copycats; HIMS drops 20%

The “Wegovy” brand slimming syringe is sold in the Achat pharmacy in Mitte. The “Wegovy” slimming syringe has been available in Germany for a year. Jens Kalaene | Picture Alliance | Getty Images Novo Nordisk on Monday said it is ending its collaboration with Hims & Hers due to concerns about the telehealth company’s sales

Novo Nordisk ends deal with Hims & Hers over sales of Wegovy copycats; HIMS drops 20% Read More »

Major U.S. health insurers say they will streamline controversial process for approving care

Major U.S. health insurers say they will streamline controversial process for approving care

UnitedHealthcare signage is displayed on an office building in Phoenix, Arizona, on July 19, 2023. Patrick T. Fallon | Afp | Getty Images Health plans under major U.S. insurers said Monday they have voluntarily agreed to speed up and reduce prior authorizations – a process that is often a major pain point for patients and

Major U.S. health insurers say they will streamline controversial process for approving care Read More »

Kroger’s shares rise as grocer says shoppers seek lower prices, cook more at home

Kroger’s shares rise as grocer says shoppers seek lower prices, cook more at home

Shares of Kroger rose about 9% on Friday as the supermarket operator raised its full-year sales outlook and said it’s drawing shoppers seeking lower-priced store brands and cheaper alternatives to dining out. The Cincinnati-based grocer said it now expects identical sales, excluding fuel, to increase by 2.25% and 3.25% year over year, higher than its

Kroger’s shares rise as grocer says shoppers seek lower prices, cook more at home Read More »

The U.S. added a thousand new millionaires a day in 2024: report

The U.S. added a thousand new millionaires a day in 2024: report

Mercer Island, a wealthy enclave just outside Seattle. Danita Delimont | Gallo Images Roots Rf Collection | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The United States is

The U.S. added a thousand new millionaires a day in 2024: report Read More »

Los Angeles Lakers owners sell majority stake in the team at  billion valuation

Los Angeles Lakers owners sell majority stake in the team at $10 billion valuation

Owner Jeanie Buss of the Los Angeles Lakers and Jay Mohr prior to game one of a first round NBA basketball game between the Los Angeles Lakers and the Minnesota Timberwolves at Crypto.com Arena in Los Angeles on Saturday, April 19, 2025. Keith Birmingham | MediaNews Group | Pasadena Star-News | Getty Images The Buss

Los Angeles Lakers owners sell majority stake in the team at $10 billion valuation Read More »

FDA approves Gilead’s twice-yearly HIV prevention injection, offering a powerful and convenient new option

FDA approves Gilead’s twice-yearly HIV prevention injection, offering a powerful and convenient new option

The Food and Drug Administration on Wednesday approved Gilead’s twice-yearly antiviral injection for preventing HIV — a milestone that the company and some experts say could help bring the world closer to ending the decadeslong epidemic caused by the virus.  But the launch of the injectable drug, which will be marketed under the name Yeztugo,

FDA approves Gilead’s twice-yearly HIV prevention injection, offering a powerful and convenient new option Read More »

Nike pushes back Skims launch with Kim Kardashian due to production delays

Nike pushes back Skims launch with Kim Kardashian due to production delays

NikeSKIMS, a new brand from NIKE Inc. and SKIMS. Courtesy: NikeSKIMS Kim Kardashian fans are going to have to wait a little longer for the highly anticipated NikeSKIMS line. The activewear line will launch later this year instead of in the spring, like the companies had originally announced, because of production delays, according to a

Nike pushes back Skims launch with Kim Kardashian due to production delays Read More »

RFK Jr.’s new vaccine advisors will vote on flu shots containing mercury

RFK Jr.’s new vaccine advisors will vote on flu shots containing mercury

U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. and Secretary of Education Linda McMahon attend a Make America Healthy Again (MAHA) Commission event, in the East Room of the White House in Washington, D.C., U.S., May 22, 2025. Evelyn Hockstein | Reuters A key, revamped government panel of vaccine advisors appointed by

RFK Jr.’s new vaccine advisors will vote on flu shots containing mercury Read More »

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