Eli Lilly Biotechnology Center is shown in San Diego, California, March 1, 2023. Mike Blake | Reuters Eli Lilly on Tuesday said it will spend $5 billion to build a manufacturing facility in Goochland County, Virginia, to boost production capacity for targeted cancer drugs and other treatments — the first in a string of new…
General view of the Google headquarters in King’s Cross as the tech giant faces a 5 billion pound lawsuit in the UK for allegedly abusing its online search dominance. Sopa Images | Lightrocket | Getty Images Google owner Alphabet on Tuesday announced a £5 billion ($6.8 billion) investment in the U.K.’s artificial intelligence development, just…
An Aeromexico Boeing 737 MAX 8 taxis at Los Angeles International Airport on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty Images The Trump administration ordered Delta Air Lines and Aeromexico to end by Jan. 1 their nearly decade-old joint venture that allows them to coordinate schedules and prices for flights between…
CNBC’s Jim Cramer on Monday told investors why he thinks the Magnificent Seven — tech megacaps Apple, Amazon, Alphabet, Nvidia, Meta, Microsoft and Tesla — can continue to succeed even as they’ve seen immense gains over the past few years. “The Magnificent Seven are heroes, and I’m not going to tell you to sell heroes,…
Mike Intrator, Chief Executive Officer and founder of CoreWeave, (C) celebrates after ringing the opening bell surrounded by Executive Leadership and family during the company’s Initial Public Offering (IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. Michael M. Santiago | Getty Images CoreWeave shares jumped as much as 8% on…
Buy now, pay later plans offer an attractive alternative to credit cards for consumers: They allow purchases to be split into short-term, typically interest-free installments. “Credit isn’t new. Credit’s been around for thousands of years and credit cards aren’t new. But they’ve had a hard time adapting to consumer needs,” said Michael Linford, chief operating…
David Ellison, CEO of Skydance Media attends the 81st Annual Golden Globe Awards at The Beverly Hilton on Jan. 7, 2024 in Beverly Hills, California. Kevin Winter | The Hollywood Reporter | Getty Images David Ellison is making good on his promises. A little more than a month into his tenure as the CEO and…
A Wawa store is seen on May 29, 2024 in Washington, DC. Kent Nishimura | Getty Images Fast-food restaurants are losing breakfast customers to convenience stores. Morning meal traffic to fast-food chains rose 1% in the three months ended in July, while visits to food-forward convenience stores climbed 9% in the same period, according to…
Shares of RH fell slightly Friday after the luxury furniture retailer significantly missed revenue expectations in its fiscal second-quarter earnings report and slashed its full-year revenue outlook. The chain said Thursday that it will take another $30 million hit to its forecast because of tariffs, even though the retailer stood by its full-year projection three…
Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. Dado Ruvic | Reuters Shares of Pfizer and Moderna fell on Friday after a report that Trump administration health officials plan to link Covid vaccines to the deaths of 25 children. The report from the…
