Business

Paramount Global is on the verge of making a major change at the top executive level, as Chief Executive Officer Bob Bakish is expected to be replaced with a group of existing division heads. The decision, set to be announced on Monday, is seen as a strategic move to accelerate the company’s future endeavors. The

The Food and Drug Administration recently approved Pfizer’s gene therapy treatment for hemophilia B, marking a significant milestone for the company. This groundbreaking approval opens up new possibilities for patients suffering from this rare genetic bleeding disorder. However, as we delve deeper into the details of this approval, it is crucial to critically analyze the

Walgreens is taking a significant step by working directly with drugmakers to bring cell and gene therapies to U.S. patients. This move is part of a broader expansion of its specialty pharmacy services. The company is venturing into a new business unit dedicated to its specialty pharmacy segment, which includes the specialty pharmacy subsidiary AllianceRx.

The recent approval of Wegovy in the U.S. for heart health has opened up new possibilities for more than 3 million people with Medicare. This weight loss drug has the potential to positively impact the health of a significant portion of Medicare beneficiaries. However, despite this promising development, there are still some challenges that could

PepsiCo recently released its quarterly earnings report, revealing results that exceeded analysts’ expectations. Despite facing challenges such as weaker U.S. demand and recalls of Quaker Oats products, the company managed to achieve positive results. In terms of earnings per share, PepsiCo reported $1.61 adjusted, surpassing the expected $1.52. Revenue also exceeded expectations, coming in at

In the real estate market, there is a notable trend emerging – a clear division between the luxury sector and the rest of the market. While overall real estate sales have seen a decline of 4% nationwide in the first quarter, luxury real estate sales have actually increased by more than 2%, marking their best

The recent overwhelming vote by Volkswagen workers in Chattanooga, Tennessee, to join the United Auto Workers marks a significant milestone for the union. The union organizing efforts were successful with 73% of the vote in favor of the UAW out of roughly 84% of eligible workers who cast their votes. This victory is particularly significant

Lululemon recently announced its decision to shut down its Washington distribution center and lay off 128 employees. This move comes after the opening of a new warehouse near Los Angeles. The company explains that as part of its growth strategy, it regularly evaluates its distribution network to align with the future vision of the business.

Netflix recently announced that it will be making a significant change in how it reports its financial metrics moving forward. The company has decided to stop providing quarterly membership numbers and average revenue per user starting next year. This decision marks a shift in focus, with Netflix stating that it will now prioritize revenue and

Despite recent safety issues and negative publicity in the aviation industry, airline executives remain optimistic about the future. United Airlines and Delta Air Lines, in particular, have reported strong demand for flights, with record numbers of travelers expected this summer. The resilience of air travel demand is noteworthy, especially in light of the various safety