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Trump says he asked 17 drugmakers to take steps to cut U.S. prices within 60 days

Trump says he asked 17 drugmakers to take steps to cut U.S. prices within 60 days

Business News

U.S. President Donald Trump, U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr., Dr. Mehmet Oz, Administrator for the Centers for Medicare & Medicaid Services, David Sacks, AI & Crypto Czar and Amy Gleason, Acting Administrator, Department of Government Efficiency (DOGE) attend the “Making Health Technology Great Again” event in the East Room […]

Trump says he asked 17 drugmakers to take steps to cut U.S. prices within 60 days Read More »

CVS shares pop on earnings beat and outlook, as retail pharmacy and insurance units improve

CVS shares pop on earnings beat and outlook, as retail pharmacy and insurance units improve

Business News

CVS Health on Thursday reported second-quarter earnings and revenue that topped estimates and raised its adjusted profit outlook, as it sees strength in its retail pharmacy business and some improvement in its insurance unit.  Shares of the retail drugstore chain jumped more than 6% in morning trading Thursday. The company now expects fiscal 2025 adjusted

CVS shares pop on earnings beat and outlook, as retail pharmacy and insurance units improve Read More »

Comcast earnings top analyst estimates despite broadband customer losses

Comcast earnings top analyst estimates despite broadband customer losses

Business News

Comcast beat Wall Street estimates on Thursday for second-quarter earnings and revenue. Yet the company saw a loss of broadband customers even as it pivoted its market strategy for the segment. Comcast and its cable peers have been suffering from a slowdown in broadband growth, which has impacted company stocks. Comcast stock was up about

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Moderna to slash 10% of workforce as biotech cuts costs, Covid shot sales slow

Moderna to slash 10% of workforce as biotech cuts costs, Covid shot sales slow

Business News

The Moderna Inc. headquarters in Cambridge, Massachusetts, on March 26, 2024. Adam Glanzman | Bloomberg | Getty Images Moderna on Thursday said it plans to slash roughly 10% of its global workforce by the end of the year, as Covid shot sales continue to dwindle and the company grapples with uncertainty in the vaccine market. 

Moderna to slash 10% of workforce as biotech cuts costs, Covid shot sales slow Read More »

Eli Lilly’s Mounjaro shows heart health benefits in head-to-head trial with older diabetes drug Trulicity

Eli Lilly’s Mounjaro shows heart health benefits in head-to-head trial with older diabetes drug Trulicity

Business News

Eli Lilly on Thursday said its blockbuster diabetes drug Mounjaro showed heart health benefits in a late-stage trial directly comparing it to the company’s older diabetes treatment, Trulicity. Mounjaro met the study’s main goal of showing that it wasn’t any worse than Trulicity at treating people with Type 2 diabetes and established cardiovascular disease. But shares

Eli Lilly’s Mounjaro shows heart health benefits in head-to-head trial with older diabetes drug Trulicity Read More »

Wall Street sees Starbucks comeback taking hold, even after another lackluster quarter

Wall Street sees Starbucks comeback taking hold, even after another lackluster quarter

Business News

Customers enter a Starbucks coffee shop in New York, US, on Monday, July 28, 2025. Victor J. Blue | Bloomberg | Getty Images Wall Street is seeing early signs that Starbucks‘ turnaround is taking hold, despite a quarterly earnings miss and another quarter of shrinking same-store sales. “The focus for Starbucks’ third fiscal quarter was

Wall Street sees Starbucks comeback taking hold, even after another lackluster quarter Read More »

Architecture firms report decline in billings for commercial real estate

Architecture firms report decline in billings for commercial real estate

Business News

Two architecture teachers discuss a student’s final project work. Erdark | E+ | Getty Images 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

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Starbucks same-store sales fall again, but CEO Niccol says turnaround is ahead of schedule

Starbucks same-store sales fall again, but CEO Niccol says turnaround is ahead of schedule

Business News

Consumers walk in front of a Starbucks coffee shop in Galeria Krakowska shopping mall in central Krakow, Poland, on July 11, 2025. Dominika Zarzycka | Nurphoto | Getty Images Starbucks on Tuesday reported its sixth straight quarter of same-store sales declines as the company implements a turnaround strategy. CEO Brian Niccol said in a statement

Starbucks same-store sales fall again, but CEO Niccol says turnaround is ahead of schedule Read More »

United Airlines flight attendants reject contract with immediate raises of at least 26%

United Airlines flight attendants reject contract with immediate raises of at least 26%

Business News

United Airline flight attendants picketed outside Terminal B at Logan Airport, seeking a new contract. John Tlumacki | Boston Globe | Getty Images United Airlines flight attendants voted down a new labor contract that called for immediate raises of at least 26% and other quality-of-life improvements, their union said Tuesday. The flight attendants’ last raise

United Airlines flight attendants reject contract with immediate raises of at least 26% Read More »

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