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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 […]

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

Business News

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

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

Business News

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

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

Business News

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

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

Business News

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

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

Business News

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,

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Apple looking to make ‘premium’ priced folding iPhones starting next year, analyst says

Finance News

People look at iPhones at the Apple Fifth Avenue store in New York City, U.S., May 23, 2025. Adam Gray | Reuters Apple has plans to make a folding iPhone starting next year, reliable analyst Ming-Chi Kuo said on Wednesday. Kuo said that Apple’s folding phone could have a display made by Samsung Display, which

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

Business News

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

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Democrats press Pfizer, J&J and others over low tax bills and lobbying as Senate debates Trump’s plan

Business News

The Johnson & Johnson logo displayed on a monitor. Sopa Images | Lightrocket | Getty Images Two Democratic lawmakers on Tuesday pressed five of the nation’s largest pharmaceutical companies about their low tax bills and whether they support extending massive tax cuts for the industry in the GOP reconciliation bill. Sen. Elizabeth Warren, D-Mass., and

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Streaming surpasses combined broadcast and cable viewing for first time ever

Business News

Streaming has outpaced the combined share of broadcast and cable TV viewing for the first time ever, according to a new Nielsen report. Streaming represented 44.8% of total TV viewership in May, its largest share to date, while broadcast (20.1%) and cable (24.1%) combined represented 44.2% of TV viewing, according to Nielsen’s The Gauge monthly report. Compared with

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

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

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

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

Apple looking to make ‘premium’ priced folding iPhones starting next year, analyst says

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

Streaming surpasses combined broadcast and cable viewing for first time ever

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