Business

The electric vehicle industry has experienced rapid evolution, and with it, companies like Lucid Group are navigating their own transformative journeys. Recently, Lucid announced the surprising departure of its CEO, Peter Rawlinson, who has stepped down to allow for a new vision as the company aims to ramp up its vehicle production capacity significantly. In

In a recent interview with CNBC, Jamie Dimon, the CEO of JPMorgan Chase, voiced concerns regarding the operational inefficiencies of the U.S. government, reflecting a growing sentiment among business leaders. His remarks come at a time when the Trump administration is taking significant steps to reshape federal employment and agency functions, including the dissolution of

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