Business

Novo Nordisk sues Eli Lilly over GLP-1 ads

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🔥 Discover this awesome post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Illustration of a group of weight loss medications on a white background.UCG | Global Photo Collection | Getty ImagesNovo Nordisk On Tuesday, a lawsuit was filed against Eli LillyAlleging that its advertising campaigns for popular obesity and diabetes drugs are designed to mislead consumers about their superior effectiveness compared to the Danish pharmaceutical company's competing injections. Novo, in particular, has taken issue with nationwide ads citing what it called "outdated" clinical trials comparing higher doses of Lilly's drugs to lower doses of Novo's. For example,…

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General Motors announces new gas-powered Cadillacs amid electric vehicle withdrawal

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💥 Discover this insightful post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: 2025 Cadillac Escalade V Series SUVCadillacDETROIT — GM New gas-powered Cadillacs will launch starting next spring, as the automaker continues to shift gears away from all-electric vehicles. GM CEO Mary Barra said Tuesday that the next generation of Cadillac vehicles will include new versions of the company's CT5 sedan, the old XT5 midsize SUV, and the discontinued XT6 three-row SUV.“Starting next spring and continuing through 2028, we will launch the next generation Cadillac ICE [internal combustion engine] "Vehicles," Barra said during the company's second-quarter earnings…

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What are false positives for lettuce from FDA Taylor Farms

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💥 Read this insightful post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Taylor Farms green salad containers are displayed at a Safeway store on July 16, 2026 in Kings Beach, California. Justin Sullivan | Getty ImagesThe Food and Drug Administration's reversal of a key part of its investigation into cyclosporiasis has caused confusion in the United States, but the agency said Monday it has not changed its key conclusions about the outbreak.A test that indicated a sample of iceberg lettuce provided by Taylor Farms de Mexico carried the Cyclospora parasite was a false positive, the agency said…

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EU antitrust regulators approve Paramount-WBD merger

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💥 Discover this trending post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: European Union antitrust regulators said on Wednesday they had signed off on it Paramount Skydance Proposed acquisition of Warner Bros. Discovery.The approval, which included concessions made by Paramount, came as the deal was postponed in the United States due to concerns raised by state prosecutors. A Paramount spokesman did not immediately respond to comment. In order to obtain approval, the European Commission, the European Union's executive body, said that Paramount had agreed to relinquish its stake in a film distribution joint venture with United International…

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The Senate approves a Chinese auto bill that could ban Mercedes-Benz from entering the United States

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🔥 Read this must-read post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: The Mercedes-Benz logo is displayed on a used car for sale at a dealership on November 11, 2025 in San Diego, California.Kevin Carter | Getty Images News | Getty ImagesThe Senate Commerce Committee on Wednesday advanced bipartisan legislation aimed at tightening the ban on Chinese automakers from the U.S. market, even as its Chairman Ted Cruz, Republican of Texas, warned that it could inadvertently block... Mercedes Benz of selling vehicles in the country.Cruz said during the committee's development of the 2026 Automotive Modernization Act that…

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General Motors (GM) Q2 2026 earnings

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💥 Discover this insightful post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: DETROIT — GM Several key 2026 earnings forecasts were raised on Tuesday after beating Wall Street expectations for the second quarter as the company's North American operations continued to drive its results.The Detroit automaker attributed the change in its guidance to stable vehicle transaction prices, lower warranty costs and narrowing losses for all-electric vehicles as it concluded a multi-billion-dollar divestment in electric vehicles."These results are very consistent with what we've been doing over the last several years," Paul Jacobson, GM's chief financial officer, said Tuesday…

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Goldman Sachs is creating a private markets platform to attract wealthy investors

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💥 Explore this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: A SpaceX Flacon 9 rocket lifts off from Space Launch Complex 40 on June 8, 2026, at Cape Canaveral Space Force Station, Florida.Joe Rydell | Getty ImagesGoldman Sachs CNBC has created a new platform to expand its offerings to wealthy clients and family offices who increasingly want direct stakes in fast-growing private companies, CNBC has learned.The new group, called the Alternative Investments Platform, combines Goldman's existing alternatives business with two newly created teams, according to a memo first seen by CNBC.The new teams focus on…

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RFK Jr. says: The outbreak is under control

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🔥 Check out this awesome post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Health and Human Services Secretary Robert F. Kennedy Jr. speaks during a news conference at Health and Human Services headquarters in Washington, February 23, 2026.Nathan Howard | ReutersHealth and Human Services Secretary Robert F. Kennedy Jr. said Tuesday that the ongoing cyclosporiasis outbreak is “under control.”“We have identified the source of the outbreak, and the companies involved have implemented a recall,” Kennedy said in response to questions during a press conference about health care fraud. The Food and Drug Administration and the Centers for…

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Wall Street is selling more rental homes, as the purchase ban goes into effect

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💥 Check out this insightful post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: A version of this article first appeared in the CNBC Property Play newsletter with Diana Olek. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. subscription To receive future issues, directly to your inbox.Recently enacted housing legislation, which prohibits institutional investors from purchasing single-family rental homes, has prompted the same investors to put up more “for sale” signs.The number of homes owned by institutional investors…

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Nike to cut thousands of online distributors in China

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🔥 Read this awesome post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Nike flagship store at Nanjing Road Promenade in Shanghai, November 4, 2025.kvoto | Future Publishing | Getty ImagesNike The company said Tuesday it plans to cut thousands of online distributors in China starting in January, as the sneaker giant looks to clean up what has become a cluttered digital market and return the region to growth. Starting next year, Nike's online footprint will shift primarily to the retailer's official website and app, and storefronts it operates on Tmall, JD.com and Douyin, some of the largest…

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