Business

Rivian factory damaged by hurricane amid crucial R2 EV launch

0 CommentsBusiness

✨ Explore this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: A view shows the second generation R1S at Rivian's electric vehicle manufacturing facility in Normal, Illinois, on June 21, 2024.Joel Angel Juarez | ReutersThe hurricane destroyed part of Rivian Carsplant in central Illinois over the weekend, according to a letter CEO RJ Scaringe sent to employees Sunday night and seen by CNBC.Scarini said the tornado hit the plant. This area was used to store parts and logistics for Rivian's upcoming R2 device, an important product for the company that is expected to go on sale…

Read More

Sandwich chain Jersey Mike’s is filing for an IPO

0 CommentsBusiness

💥 Check out this must-read post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Jersey Mike's restaurant in Walnut Creek, California, November 21, 2024.David Paul Morris | Bloomberg | Getty ImagesJersey Mike's has confidentially filed for an initial public offering, the company said Monday. The announcement comes more than a year after Blackstone bought a majority stake in the sandwich chain in a deal that reportedly valued Jersey Mike's at about $8 billion.After completing the Blackstone deal, Jersey Mike's signed the former Wingstop CEO Charlie Morrison to lead the company. Morrison led the chicken wing chain for a…

Read More

Eli Lilly is acquiring cancer drug maker Kelonia in a deal worth up to $7 billion

0 CommentsBusiness

✨ Explore this must-read post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Eli Lilly The company said Monday it will acquire biotechnology company Kelonia Therapeutics in a deal worth up to $7 billion.Lilly will pay $3.25 billion up front, with the remaining payments contingent on clinical, regulatory and commercial milestones, she added. The transaction is expected to close in the second half of 2026. Kelonia is developing a technology to reprogram patients' T cells within the body so that these cells can attack cancer, which is called in vivo CAR-T. Current treatments require that the work be…

Read More

PepsiCo’s (PEP) Q1 2026 earnings

0 CommentsBusiness

💥 Check out this awesome post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: The Pepsi logo is illuminated on a soda fountain in Walnut Creek, California, March 4, 2026.Smith Group | Jadu | Photo archive | Getty ImagesPepsiCo On Thursday, it reported quarterly profit and revenue that beat analysts' expectations as its struggling North American food business announced a return to volume growth.The company's shares rose 2% in afternoon trading.Here's what PepsiCo reported compared to what Wall Street was expecting, based on a poll of analysts conducted by LSEG:EPS: $1.61 was revised versus $1.55 expectedprofit: $19.44 billion…

Read More

RFK Jr. Peptide Policy Can To strengthen Hims & Hers as the GLP-1 business changes

0 CommentsBusiness

✨ Discover this insightful post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: pewter swat | Rocket Lite | Getty ImagesWith the development of the high-margin GLP-1 composite business, Himes and hers health A new opportunity may be found in peptides. Shares of the telehealth company jumped Thursday after Health and Human Services Secretary Robert F. Kennedy Jr. said Wednesday that the U.S. Food and Drug Administration plans to convene a Pharmaceutical Compounding Advisory Committee to review peptides for possible inclusion in the 503A combination list, a designation that allows drugs to be compounded on an individual prescribed…

Read More

Trump nominates Erica Schwartz to be director of the CDC

0 CommentsBusiness

🔥 Explore this must-read post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Admiral Erica J. Schwartz.US Department of Health and Human ServicesPresident Donald Trump on Thursday nominated Erica Schwartz to serve as director of the Centers for Disease Control and Prevention, ending a months-long effort to choose a permanent leader for the beleaguered health agency. Schwartz, who must be confirmed by the Senate, will take on the role of Health and Human Services Secretary Robert F. Kennedy Jr., overseeing a series of controversial health policy changes at the agency, including an overhaul of childhood vaccine recommendations.Schwartz served…

Read More

Netflix (NFLX) Q1 2026 Earnings

0 CommentsBusiness

💥 Read this trending post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Reed Hastings, Netflix co-founder and then-CEO, is in Sydney to meet with executives of other subscription streaming services on February 25, 2022.Walter Peters | Fairfax Media | Getty ImagesNetflix Shares fell 9% in extended trading Thursday after the streaming giant released its first-quarter earnings report and announced a major change in management. The company beat Wall Street expectations for revenue, reporting $12.25 billion for the first quarter, higher than the $12.18 billion expected by analysts polled by LSEG and 16% higher than the $10.54 billion…

Read More

Some grocery stores are using AI to reduce food waste and boost profit margins

0 CommentsBusiness

🔥 Read this awesome post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: As grocery chains face increasing pressure from shoppers tired of inflation and increased competition, some in the industry are beginning to rely on artificial intelligence to protect profit margins without losing customers. Traditional tools to protect profits or increase sales, such as raising prices or running extensive promotions, are becoming less effective as shoppers split trips across multiple retailers in search of value. This dynamic has helped increase market share gains for discount companies such as: Dollar General And warehouse clubs like CostcoThis has forced…

Read More

Netflix has long been a “builder, not a buyer.” Is this era over?

0 CommentsBusiness

🚀 Read this awesome post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: For years, Netflix The top brass will tell investors that they are builders, not buyers. Now that feeling about growth may change. Netflix on Thursday reported its quarterly earnings. Netflix's earnings calls typically focus on metrics like engagement, content spending, price increases, and membership. While these factors were still present on Thursday's call, analysts were also skeptical of Netflix's M&A aspirations post-crisis. Warner Bros. Discovery Sales process.Late last year, Netflix emerged as a bidder for WBD, surprising many in the industry and market. Even more…

Read More

Sources say Spirit Airlines could go into liquidation as early as this week

0 CommentsBusiness

🔥 Read this awesome post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Spirit Airlines could liquidate as early as this week, according to people familiar with the matter.They spoke on condition of anonymity to discuss matters that have not yet been announced.The low-cost carrier is struggling to recover from its second bankruptcy in less than a year, but now faces the added challenge of rising fuel prices. Fuel is airlines' largest expense after labor.“We do not comment on market rumors and speculation,” Spirit said in a statement.The exact day the carrier could begin liquidation — or whether…

Read More