Business

In a move that could potentially revolutionize the pharmaceutical industry, bipartisan lawmakers have introduced a new bill that targets the controversial business practices of drug supply chain middlemen. These middlemen, known as pharmacy benefit managers (PBMs), have long been accused of inflating prescription medication prices and adversely affecting both U.S. patients and pharmacies. The Pharmacists

Coca-Cola recently announced an increase in its full-year outlook after experiencing a rise in global demand for its beverages in the second quarter. The company now expects organic revenue growth for 2024 to be between 9% to 10%, up from its previous forecast of 8% to 9%. Additionally, the company has raised its outlook for

McDonald’s decision to extend its $5 value meal deal beyond the initial four-week window in most U.S. markets has proven to be a success. According to a memo obtained by CNBC, nearly every business unit, encompassing 93% of its restaurants, has voted to extend the promotion past its original end date late this month. The

General Motors (GM) is expected to be the star performer among traditional Detroit automakers as they prepare to announce their second-quarter results. Wall Street analysts are projecting a stable sales performance and steady vehicle prices for America’s largest carmaker. GM is forecasted to report an impressive adjusted profit of $2.75 per share, representing a 44.2%

Elliott Management’s recent acquisition of a significant stake in Starbucks has sent ripples through the financial world. The Wall Street Journal reported that Elliott is actively engaging with Starbucks management in order to devise strategies that will boost the company’s share price. This development has sparked speculation and curiosity among investors and industry insiders alike.

The recent global IT outage that affected several airlines around the world was a massive disruption that left thousands of passengers stranded and delayed. The outage, which was linked to a tech update by cybersecurity giant CrowdStrike, caused chaos in the aviation industry as well as other sectors. The extent of the impact was so

Michelle Mack, the leader of a nationwide organized retail crime operation targeting Ulta Beauty and other major retailers, has been sentenced to more than five years in a California state prison. This sentence comes after a plea deal where her husband, Kenneth, received the same sentence but will be released after one year. The couple

In a surprising turn of events, Ford Motor Company has announced a shift in its production plans for its Super Duty trucks. The company will be expanding production of these large trucks to a Canadian plant, instead of converting it into an all-electric vehicle hub as previously planned. This decision comes amidst a $3 billion

In a major development for women’s sports, Willow Bay and Bob Iger have taken a controlling stake in Angel City Football Club, the most valuable women’s professional sports team in the world. This investment, which remains undisclosed, has valued the team at an impressive $250 million. Additionally, Bay and Iger have committed to investing an

Morgan Stanley recently reported its second-quarter earnings, with profit and revenue exceeding analysts’ estimates. The bank reported earnings of $1.82 per share, surpassing the $1.65 per share estimate, and revenue of $15.02 billion, higher than the estimated $14.3 billion. This demonstrates a 41% increase in profit compared to the previous year, reaching $3.08 billion, while