A Biogen facility in Cambridge, Massachusetts. Brian Snyder | Reuters Biogen will pay $900 million to settle a lawsuit that alleged the company gave doctors kickbacks to encourage them prescribe its d...
Tag: business news
Hurricane Ian forces airlines to ax west Florida flights
Local residents fill sandbags, as Hurricane Ian spun toward the state carrying high winds, torrential rains and a powerful storm surge, at Ben T. Davis Beach in Tampa, Florida, U.S., September 26, 202...
Home prices cooled at the fastest rate in index history
A ‘for sale’ sign is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Allison Dinner | Getty Images U.S. home prices cooled in July at the fastest r...
JetBlue, American Airlines go to court in Justice Department antitrust fight
An American Airlines plane lands on a runway near a parked JetBlue plane at the Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort Lauderdale, Florida. Joe Raedle | Getty Images ...
Hertz and BP installing EV chargers in US
Tesla Model 3 electric vehicles at a Hertz neighborhood location. Hertz Hertz is teaming up with oil giant BP to build a new network of electric vehicle charging stations throughout the United States....
Hertz, Ford, Keurig Dr Pepper and more
Check out the companies making the biggest moves midday: Hertz — Shares of the rental car company jumped 1.9% after the company announced a partnership with BP’s electric vehicle charging unit t...
Chipotle Mexican Grill will test robotic tortilla chip maker
Chipotle is testing out an autonomous kitchen assistant, Chippy, which offers a robotic solution for making chips in restaurants. Courtesy: Chipotle Chipotle Mexican Grill is moving one step closer to...
Investors believe aggressive Fed will keep stock market down for the rest of 2022, CNBC survey shows
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, September 26, 2022. Brendan McDermid | Reuters (Click here to subscribe to the new Delivering Alpha newsletter.) The Federa...
EV drivers in Britain see jump in public charging cost
The U.K. has laid out plans to ramp up the number of electric vehicles on its roads over the next few years. Coldsnowstorm | E+ | Getty Images Electric car drivers in the U.K. have seen the cost of us...
What is required to travel to Hong Kong? Many, many tests
Travelers headed to Hong Kong no longer need to quarantine in a hotel upon arrival. But they will have to submit to a barrage of Covid tests. They can go to work, take public transportation and go to ...
Crypto lender Nexo obtains U.S. bank charter through acquisition deal
The crypto market has been battered this year, with nearly $2 trillion wiped off its value since its peak. Jonathan Raa | Nurphoto | Getty Images Cryptocurrency lender Nexo on Tuesday announced it has...
Cathie Wood’s new fund gives small investors access to the VC market for just $500
Cathie Wood, chief executive officer and chief investment officer, Ark Invest, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. Patrick T. Fallon | AFP...
Bankrupt crypto lender Voyager to sell assets to Sam Bankman-Fried’s FTX
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, o...
Keurig Dr Pepper, CSX, Li Auto and more
Check out the companies making headlines before the bell: Keurig Dr Pepper — The consumer stock fell 1.5% premarket after Goldman Sachs downgraded the stock to neutral from a buy rating. The Wall Stre...
We’re delighted Amazon’s second Prime Day promises to boost sales ahead of the holidays
The announcement of a second Prime Day from Amazon (AMZN) sent shares of the e-commerce giant higher Monday. As shareholders for the Club, we’re encouraged by the prospect of Prime’s 150 m...
Netflix opening video game studio in Finland
Netflix gift cards are seen in a shop in Krakow, Poland on June 13, 2022. Jakub Porzycki | Nurphoto | Getty Images Netflix said Monday it will be opening an internal game studio in Finland. This is th...
Christie’s launches ‘Department X’ as collectible sneakers, street-wear boom
Nike Unreleased Air Jordan VI Donda West Sneaker CHRISTIE’S IMAGES LTD. 2022 Christie’s is launching a new department to capitalize on the booming market for collectible sneakers, streetwe...
Three men charged with fraud in $100 million New Jersey deli scheme
Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC Three men were charged with fraud and other crimes in a scheme involving a company that was worth $100 million in the stock market despite having only ...
Trump SPAC changes address to UPS Store as investors pull over $130 million
The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Digital World Acquisition Corp., the blank-check company looking to take...
Campaigns’ $6.4 billion vote ad spend is one of the most expensive
The 2022 midterm elections are on track to be the most expensive ever as more than $6.4 billion is being poured into TV, radio and digital ads for U.S. House, Senate, gubernatorial and local races, ac...
Southwest Airlines hired a record 3,000 flight attendants so far this year
Passengers deplane from a Southwest Airlines flight from Las Vegas at Hollywood Burbank Airport in Burbank, California, Oct. 10, 2021. Southwest Airlines canceled more than 1,000 flights Sunday, as pa...
Convertible sales fall in U.S. amid popularity of EVs, SUVs
2024 Ford Mustang Source: Ford Convertibles — once a sign of open-air freedom, road trips and summer adventures — are fading away as the auto industry shifts to all-electric cars and more rugged sport...
Peloton’s head of marketing latest executive to leave company
A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019. Shannon Stapleton | Re...
Biden administration seeks new rules on airline fee disclosures
Travelers at LaGuardia Airport (LGA) in the Queens borough of New York, US, on Friday, July 2, 2022. As travel is ramping up for the July 4th holiday, staffing shortages are causing problems for some ...
NFL replaces Pro Bowl with flag football, skills competitions
Signage for the NFL Pro Bowl is seen at Allegiant Stadium on Sunday, Feb. 6, 2022, in Las Vegas. (Chase Stevens/Las Vegas Review-Journal/Tribune News Service via Getty Images) Chase Stevens | Las Vega...
How Bryan Lourd became one of the most powerful people in Hollywood
Bryan Lourd speaks onstage during the Lincoln Center American Songbook Gala honoring Bonnie Hammer at Broadway Theatre on January 29, 2020 in New York City. Slaven Vlasic | Getty Images Entertainment ...
Wynn Resorts, Planet Fitness, AMC, Lyft and more
An exterior view shows Encore Las Vegas (L) and Wynn Las Vegas as the coronavirus continues to spread across the United States on March 15, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Check...
SiriusXM reportedly places former quarterback Brett Favre’s NFL show on hold
Brett Favre. Frank Muldoon | CNBC SiriusXM has put Hall of Fame quarterback Brett Favre’s NFL show on hold due to his involvement in an alleged welfare-fraud scheme in Mississippi, according to ...
‘The Woman King’ shows why the box office needs more mid-budget movies
Viola Davis stars in Sony’s “The Woman King.” Sony “The Woman King” held firm at the box office during its second weekend in theaters. The Sony film is expected to genera...
What Kroger, Walmart, Target learned from China about grocery’s future
Now going on 140 years in business, Cincinnati-based Kroger sped up its push into digital retailing during the pandemic, and grocery store chain isn’t looking back. Kroger has adopted an o...
Aviation’s race for breakthrough climate change fuel is just starting
American Airlines jet parked at LaGuardia International Airport in New York. Adam Jeffery | CNBC In 1928, one person crossed the Atlantic; in 2018 there were 4.3 billion passenger journeys recorded. ...