Breaking News: Business Archives

Trump administration orders Delta, Aeromexico to unwind joint venture by Jan. 1

An Aeromexico Boeing 737 MAX 8 taxis at Los Angeles International Airport on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty Images The Trump administration ordered Delta Air Lines and Aeromexico to end by Jan. 1 their nearly decade-old joint venture that allows them to coordinate schedules and prices for flights between […]

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Eli Lilly to build billion Virginia facility to boost production of targeted cancer drugs, other treatments

Eli Lilly to build $5 billion Virginia facility to boost production of targeted cancer drugs, other treatments

Business News / Leave a Comment

Eli Lilly Biotechnology Center is shown in San Diego, California, U.S. March 1, 2023. Mike Blake | Reuters Eli Lilly on Tuesday said it will spend $5 billion to build a manufacturing facility in Goochland County, Virginia, to boost production capacity for targeted cancer drugs and other treatments – the first in a string of

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United Airlines CEO confident in flight expansion ‘because customers are choosing us’

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Scott Kirby, CEO of United Airlines, speaks during the WSJ’s Future of Everything 2025 at the Glasshouse on May 29, 2025 in New York City. Michael M. Santiago | Getty Images NEWARK, New Jersey — An oversupply of flights forced airlines to cut fares this year and pushed carriers to scale back their growth plans.

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TikTok deal to include new investors with ByteDance; Oracle to keep cloud agreement, sources say

Finance News / Leave a Comment

The upcoming commercial agreement for the social media platform TikTok will include new investors as well as existing investors in the platform’s Chinese parent company ByteDance, sources told CNBC’s David Faber. “Where this thing is capitalized and how large it is remains to be seen,” Faber said during CNBC’s “Squawk on the Street” on Tuesday.

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Walker & Dunlop CEO says investors need clarity on who decides the fate of Fannie and Freddie

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A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. The annual Zelman

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Ram cancels plans for all-electric pickup truck

Business News

Stellantis’ Ram 1500 Revolution battery-electric concept pickup truck is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at The Venetian Resort Las Vegas on January 05, 2023 in Las Vegas, Nevada. Ethan Miller | Getty Images Stellantis‘ Ram brand is canceling plans to develop a full-size electric Ram 1500 pickup

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Pfizer, Moderna shares fall on report that Trump officials will link child deaths to Covid shots

Business News

Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. Dado Ruvic | Reuters Shares of Pfizer and Moderna fell on Friday after a report that Trump administration health officials plan to link Covid vaccines to the deaths of 25 children. The report from the

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RH reports worse-than-expected tariff hit, earnings miss

Business News

Shares of RH fell slightly Friday after the luxury furniture retailer significantly missed revenue expectations in its fiscal second-quarter earnings report and slashed its full-year revenue outlook. The chain said Thursday that it will take another $30 million hit to its forecast because of tariffs, even though the retailer stood by its full-year projection three

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Joby and Archer join FAA’s eVTOL pilot testing program

Technology News

Courtesy: Archer Aviation The Federal Aviation Administration said Friday it’s launching a pilot program to speed up the rollout of air taxis. Archer Aviation and Joby Aviation, major players in the electric vertical takeoff and landing, or eVTOL, space, said they are participating in the program. Shares of each were higher on Friday. The program

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