The exterior view of the entrance to Merck headquarters in Rahway, New Jersey, on Feb. 5, 2024. Spencer Platt | Getty Images Merck on Tuesday beat second-quarter estimates and hiked its revenue outlook, as a slate of new products showed strong growth. But the pharmaceutical giant cut its profit guidance due to a charge tied…
A sign at BP Plc petrol station in London, UK, on Monday, Aug. 4, 2025. Bloomberg | Bloomberg | Getty Images Britain’s BP on Tuesday reported a sharp upswing in second-quarter profit, as energy supermajors reap massive profits from higher fossil fuel prices amid hostilities between the U.S. and Iran. The oil giant posted underlying…
CNBC’s Jim Cramer said on Monday that Amazon CEO Andy Jassy’s earnings call changed how Wall Street views massive artificial intelligence investments. “Until Jassy spoke, the market seemed highly skeptical of how these megacap tech companies were spending money,” the “Mad Money” host said. “That’s no longer the case.” For months, investors had questioned whether…
Imax is on a winning streak, and it has Christopher Nolan to thank. Shares of the entertainment technology company hit an all-time high Monday as it continues to haul in box office receipts from Nolan’s “The Odyssey.” Imax CEO Rich Gelfond said Monday the film is tracking almost double what Nolan’s “Oppenheimer” raked in in 2023….
The Federal Aviation Administration has certified the Boeing 737 Max 7, the smallest model in the best-selling family of aircraft, after nearly a decade of delays. The agency on Monday said the approval “reflects years of sustained work to resolve complex technical issues and complete a thorough review of the airplane’s design and supporting safety…
AstraZeneca shares dropped as much as 7% after a report that the U.K.’s largest drugmaker was in talks with U.S. peer Bristol Myers Squibb over a megadeal that, if completed, could value the companies at roughly $400 billion. AstraZeneca declined to comment. Bristol Myers Squibb didn’t immediately respond to a request to comment outside of…
Ukrainian President Volodymyr Zelenskyy arrives in the US ahead of talks with President Donald Trump in Washington, D.C, United States on July 28, 2026. Anadolu | Anadolu | Getty Images Ukrainian officials, drone executives and national security experts are bracing for another extremely difficult winter, fearing that a Russian assault on energy infrastructure could pose…
Wherever volatile fuel prices head this year, don’t expect bargain flights. Airfare in the U.S. in June was up 26.5% compared with a year earlier, according to the latest federal data. Airline leaders say customers continue to book even after carriers hiked fares. They told Wall Street analysts this month that they’re expecting to hold…
A smart acquisition strategy has made Bristol-Meyers, which has bought seven companies since October 2007, a big player in the cancer-treatment industry. Its purchase of Medarex in July added a key drug for metastic melanoma that’s in Phase III trials. The drug has possible multiple indications – industry jargon for its ability to treat more…
Tom Holland stars as Peter Parker aka Spider-Man in Sony and Marvel’s “Spider-Man: Brand New Day.” Son Spider-Man is taking on the Avengers. Sony and Marvel’s “Spider-Man: Brand New Day” tallied an estimated $355 million at the domestic box office this weekend, just $2 million shy of the record-breaking debut of 2019’s “Avengers: Endgame.” The…
