Business

Carvana, the online auto retailer, experienced a surge in its stock value of over 30% during after-hours trading following a stellar performance in the first quarter. The company reported record-breaking results that exceeded market expectations. This included achieving earnings per share of 23 cents, which was a significant improvement from the expected loss of 74

CVS Health recently announced its first-quarter revenue and adjusted earnings, falling short of expectations and leading to a significant drop in share prices. The company reduced its full-year profit outlook due to higher medical costs impacting the U.S. insurance industry. These challenges caused shares to plummet by almost 18%, marking the worst day for the

Johnson & Johnson recently announced a $6.5 billion settlement plan to resolve thousands of lawsuits in the U.S. alleging that their talc-based products led to ovarian cancer. This move comes after decades of legal and public relations challenges for J&J, who have consistently defended the safety of their talc products. The majority of the lawsuits,

The iconic tune of “Roundball Rock,” composed by John Tesh, could potentially make a comeback if NBCUniversal secures the rights to air NBA games once again. Following a loss to Disney 22 years ago, NBCUniversal has made an offer averaging $2.5 billion per year for the NBA rights. This offer more than doubles the current

In a move reminiscent of a plotline from a popular TV show, Paramount Global is set to oust CEO Bob Bakish in a strategic move that could shape the company’s future in unforeseen ways. The decision to remove Bakish from his position is set to be announced just before the reporting of earnings, hinting at

Hemophilia B is a rare genetic bleeding disorder that affects thousands of individuals in the U.S. This condition is characterized by insufficient levels of factor IX, a crucial protein that helps blood clot and stop bleeding. Without enough factor IX, patients with hemophilia B are at risk of frequent bleeding episodes, which can lead to

Southwest Airlines recently reported a larger loss in the first quarter compared to the same period last year. The airline also predicts that Boeing’s airplane delays will hinder its growth trajectory until 2025. The company initially planned to expand its capacity by 6% this year but has now revised it down to 4%. Furthermore, Southwest

Walgreens recently announced a significant expansion of its specialty pharmacy services to bring cell and gene therapies directly to U.S. patients. This new initiative includes the launch of a dedicated business unit focused on specialty pharmacy services, marking a major step in the company’s efforts to transform and improve healthcare for individuals with chronic, rare,

In a recent legal battle between VTB Bank and JPMorgan Chase, a Russian court ruled in favor of VTB Bank’s efforts to recoup $439.5 million that JPMorgan Chase had frozen in U.S. accounts following the Ukraine invasion. The court ordered the seizure of funds from JPMorgan’s Russian accounts and its stake in a Russian subsidiary.

Starbucks and the union representing its baristas, Workers United, are set to meet once again to resume contract negotiations after a long-standing stalemate. This development comes after both parties announced in February that they had found a “constructive path forward” during mediation discussions related to a dispute over the union’s use of Starbucks’ branding. This