Eli Lilly CEO Dave Ricks on Friday said upcoming Medicare coverage of obesity drugs could be a major catalyst for the rollout of the company’s closely watched experimental weight loss pill, orforglipron. In an exclusive interview with CNBC, Ricks said Lilly expects to have Medicare coverage for the treatment “immediately following that launch, and that […]
GameStop wants to acquire a publicly traded consumer company that’s far larger than the video game retailer in a deal that could be “transformational” for the company, CEO Ryan Cohen told CNBC in an interview Friday. “It’s gonna be really big. Really big. Very, very, very big,” Cohen said of the size of the acquisition.
Eli Lilly Chair and CEO Dave Ricks speaks during a press conference in Houston, Sept. 23, 2025. Antranik Tavitian | Reuters Eli Lilly on Friday said it will spend more than $3.5 billion to build a manufacturing plant in Pennsylvania’s Lehigh Valley that will help make its next-generation obesity drugs. That includes a closely watched
A detail view of the Super Bowl LX logo on a Santa Clara Valley Transportation Authority (VTA) light rail car on December 29, 2025 in Santa Clara, California. Aaron M. Sprecher | Getty Images Sport | Getty Images A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings
A 2025 Ford Lightning electric vehicle (EV) at a Ford dealership in Antioch, California, US, on Thursday, Dec. 18, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT — Ford Motor said it will report pretax charges of $600 million in its fourth-quarter results due to adjustments in its employee pension plans and other
Ford to record $600 million pretax pension charge in fourth quarter Read More »
A General Motors Co. Chevrolet Blazer electric vehicle at a dealership in Colma, California, Jan. 23, 2026. David Paul Morris | Bloomberg | Getty Images DETROIT — American consumers are hitting a fork in the road when it comes to the U.S. automotive industry. Affluent buyers are purchasing new vehicles at increasingly higher prices, while
New cars are increasingly becoming a luxury amid K-shaped economy concerns Read More »
An American Airlines airplane arrives at Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Ronen Tivony | Nurphoto | Getty Images American Airlines is planning to resume service to Venezuela from the United States for the first time since 2019, weeks after the U.S. captured Venezuela’s president earlier this month. American would be the first
A Waymo vehicle exits a charging lot on Jan. 15, 2026 in Austin, Texas. Brandon Bell | Getty Images Alphabet-owned Waymo has informed the National Highway Traffic Safety Administration that one of its driverless vehicles “struck a child near an elementary school” in Santa Monica, California The Jan. 23 incident is now being investigated by
A Waymo hit a child near an elementary school. The NHTSA is investigating Read More »
Starbucks is reintroducing tiers to its North American loyalty program in a bid to encourage coffee drinkers to visit more frequently as part of its broader turnaround strategy. The company made the announcement on Thursday at its investor day. Executives across the business are sharing more details on Starbucks’ plans to drive future sales growth
Starbucks to reintroduce tiers to loyalty program to encourage more visits Read More »
Mary Barra, CEO of General Motors, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025. David A. Grogan | CNBC DETROIT — General Motors is proving to be a star tightrope walker when it comes to balancing its profits,
GM is nailing the U.S. auto industry’s profit, politics balancing act under Trump Read More »
