Business

Bluebird Bio, once heralded as a pioneer in the gene therapy sector, has recently made headlines for all the wrong reasons. The company is in the process of selling itself to private equity firms Carlyle and SK Capital for a mere $30 million, a stark contrast to its peak valuation of nearly $9 billion. This

UnitedHealthcare’s recent decision to offer voluntary buyouts to employees within its benefits operations unit reflects the complex landscape of the healthcare insurance industry amid economic pressures and operational challenges. The buyouts, which allow employees to exit their positions voluntarily by March 3, are a strategic move for a company that has faced significant hurdles over

In a bid to reclaim its spot in the evolving beverage market, Coca-Cola is gearing up to unveil Simply Pop, a new brand of prebiotic soda designed to compete with emerging players like Olipop and Poppi. Scheduled for a late February release in key markets, including the West Coast and Southeast, this move underscores the

In a bold and surprising move, Southwest Airlines announced on Monday its decision to lay off approximately 1,750 employees, which constitutes about 15% of its corporate workforce. This action marks a significant departure from the airline’s longstanding practices and is described by CEO Bob Jordan as “unprecedented” in the company’s 53-year history. The airline is

The restaurant industry is navigating through turbulent waters in early 2025, grappling with external challenges that have prompted substantial changes in operational strategies and consumer engagement. Despite a promising end to the previous year, marked by growth in sales as consumers began patronizing their favorite chains again, the onset of new complications in January has

Roku Inc. continues to carve out a substantial position in the streaming landscape, as evidenced by its recent operational achievements. On a notable trading day, the company’s stock price surged over 10%, setting a new 52-week record following the release of its quarterly earnings report. This significant uptick in shares demonstrates not only investor confidence

The U.S. automotive industry stands at a crossroads as geopolitical and economic tensions shape the landscape of vehicle imports and exports. With President Donald Trump signaling the possibility of increased tariffs on trading partners, particularly targeting South Korea and Japan, the implications for the American car market could be profound. These developments underscore the fragility

The rising cost of prescription medications in the United States has become a pressing issue embroiling consumers, health care providers, and policymakers alike. Recently, CVS Health’s CEO David Joyner found himself at the center of this debate, defending the role of Pharmacy Benefit Managers (PBMs), like CVS’s Caremark unit. Joyner asserts that PBMs play a

In recent years, the dynamic landscape of international trade has significantly affected numerous industries, with the beverage sector notably feeling the pressure. A recent statement from Coca-Cola’s CEO, James Quincey, sheds light on how the company’s packaging strategies may pivot in response to President Donald Trump’s decision to increase tariffs on aluminum imports. This potential

In a landscape marked by significant shifts and challenges, Stellantis, the automotive giant formed from the merger of Fiat Chrysler and PSA Group, has made headlines with its recent decision to run a commercial during Super Bowl 59. In a year when many automakers chose to cut costs and withdraw from advertising in this high-stakes