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   NEWS: CNBC BUSINESS
CNBC Business
Oct 01, 2023

Big Food vs. Big Pharma: Companies bet on snacking just as weight loss drugs boom
Kellogg, J.M. Smucker and other food companies are making big bets on snacking, but the rise of Wegovy and Ozempic could pose a threat to future sales growth.

CNBC Business
Sep 29, 2023

Federal judge declines to block Medicare drug price negotiations
Judge Michael Newman of the Southern District of Ohio issued a ruling denying a preliminary injunction sought by the Chamber of Commerce.

CNBC Business
Sep 29, 2023

JetBlue raises flight attendant pay, union agrees to support merger with Spirit
JetBlue is raising flight attendant pay by 5% while union agreed to support the airline's acquisition of budget carrier Spirit.

CNBC Business
Sep 29, 2023

Blue Apron to be acquired by Wonder Group for $103 million, capping tumultuous post-IPO ride
Blue Apron has in recent months transitioned to become a more asset-light business, selling its operational infrastructure and laying off staff.

CNBC Business
Sep 29, 2023

Ford CEO says UAW is 'holding the deal hostage' over EV battery plants
Multibillion-dollar EV battery plants are crucial to the automotive industry's future and uniquely positioned to have wide-ranging implications for the UAW,

CNBC Business
Sep 29, 2023

United Airlines pilots approve new contract with up to 40% raises
United Airlines pilots approved a new labor contract with raises that could top 40% over four years.

CNBC Business
Sep 29, 2023

UAW announces new strikes at GM and Ford plants, spares Stellantis citing 'momentum' in talks
About 6,900 autoworkers will take part in the latest wave of work stoppages, joining roughly 18,300 workers who are currently on strike for the union.

CNBC Business
Sep 29, 2023

Toys R Us is planning a brick-and-mortar comeback in the U.S., with up to 24 new flagship stores
Toy retailer Toys R Us plans to open as many as 24 brick-and-mortar flagship stores across the U.S., its parent company WHP Global announced Friday.

CNBC Business
Sep 29, 2023

Shares of biotech startup Structure Therapeutics surge more than 30% on promising obesity pill data
Structure's pill is part of the same class of drugs as Novo Nordisk's blockbuster diabetes drug Ozempic and weight loss counterpart Wegovy.

CNBC Business
Sep 29, 2023

Citigroup CEO Jane Fraser sees 'cracks' emerging among some consumers as savings dry up
Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser.

CNBC Business
Sep 29, 2023

Ad spending for obesity, diabetes drugs is soaring this year, as drugmakers shell out nearly $500 million
The data demonstrates the rush by companies to capture new customers after months of hype around Novo Nordisk's Ozempic and Wegovy.

CNBC Business
Sep 28, 2023

Automakers grow frustrated over pace of UAW negotiations as new strike deadline looms
Frustrations remain around key economic demands and what some see as a lack of urgency by the union to reach a deal, according to people familiar.

CNBC Business
Sep 28, 2023

Automakers grow frustrated over pace of UAW negotiations as new deadline looms
Frustrations remain around key economic demands and what some see as a lack of urgency by the union to reach a deal, according to people familiar.

CNBC Business
Sep 28, 2023

Nike misses on revenue for first time in two years, but stock pops as earnings, margins beat
Nike fell short of revenue expectations during its fiscal first quarter but beat on earnings and margins.

CNBC Business
Sep 28, 2023

Blue Origin, Sierra Space weigh future of Orbital Reef space station as partnership turns rocky
The Orbital Reef space station partnership between Jeff Bezos' Blue Origin and Sierra Space is on rocky footing, CNBC has learned.

CNBC Business
Sep 28, 2023

GameStop's survival demands 'extreme frugality,' CEO Ryan Cohen tells employees
The billionaire activist Ryan Cohen was named GameStop's top executive earlier on Thursday.

CNBC Business
Sep 28, 2023

Nike misses revenue expectations for the first time in two years, beats on earnings and gross margin
Nike fell short of revenue expectations during its fiscal first quarter but beat on earnings and margins.

CNBC Business
Sep 28, 2023

Endeavor, Fenway Sports consider investment in the PGA Tour
Endeavor Group and Fenway Sports are considering an investment in the PGA Tour that could rival the Saudi's Public Investment Fund.

CNBC Business
Sep 28, 2023

NFL tells X it's concerned about placement of ads on white nationalist accounts
The NFL responded to a report that its ads appeared on several white nationalist X accounts, saying it had reached out to the company to "rectify the issue."

CNBC Business
Sep 28, 2023

Saudi soccer league says big-money player purchases are only the first step in a long-term strategy
The big-spending Saudi Pro League is aiming to build its global broadcasting presence and become one of the top 10 soccer leagues in the world, its chief operating officer, Carlo Nohra, told CNBC.

CNBC Business
Sep 28, 2023

Merck, AstraZeneca, Bristol Myers Squibb to participate in Medicare drug price negotiations
Merck, AstraZeneca, Bristol Myers Squibb and other drugmakers have filed at least eight lawsuits seeking to declare the Medicare price talks unconstitutional.

CNBC Business
Sep 28, 2023

GameStop names Ryan Cohen as CEO effective immediately, won't receive salary
The move comes more than three months after GameStop fired CEO Matthew Furlong.

CNBC Business
Sep 28, 2023

Delta CEO says carrier went 'too far' in SkyMiles changes, promises modifications after frequent flyer backlash
Delta's CEO said the carrier wanted to "rip the Band-Aid off" with changes to SkyMiles program.

CNBC Business
Sep 28, 2023

GameStop names Ryan Cohen as CEO effective immediately
The move comes more than three months after GameStop fired CEO Matthew Furlong.

CNBC Business
Sep 27, 2023

SpaceX wins first Pentagon contract for Starshield, its satellite network for military use
The Pentagon is already a high-value buyer of the company's rocket launches and had shown increasing interest in its Starlink satellite internet.

CNBC Business
Sep 27, 2023

AstraZeneca, Bristol Myers Squibb to participate in Medicare drug price negotiations
AstraZeneca, Bristol Myers Squibb and other drugmakers have filed at least eight lawsuits seeking to declare the Medicare price talks unconstitutional.

CNBC Business
Sep 27, 2023

FAA closes investigation into Blue Origin rocket failure, requires 21 'corrective actions'
The Federal Aviation Administration closed its investigation into last year's failed flight of a cargo mission by Jeff Bezos' Blue Origin.

CNBC Business
Sep 27, 2023

AstraZeneca, Boehringer Ingelheim to participate in Medicare drug price negotiations
AstraZeneca, Boehringer Ingelheim and other drugmakers have filed at least eight lawsuits seeking to declare the Medicare price talks unconstitutional.

CNBC Business
Sep 27, 2023

Peloton shares soar on digital content, apparel partnership with Lululemon
As it announced the Peloton partnership, Lululemon said it would stop selling the Studio Mirror device by the end of the year.

CNBC Business
Sep 27, 2023

UAW again threatens to expand strikes at Detroit automakers if progress isn't made by Friday
Auto workers initially went on strike on Sept. 15, shutting down one assembly plant each for GM, Ford and Stellantis.

CNBC Business
Sep 27, 2023

Landmark marijuana financing bill clears big hurdle in the Senate
The Secure and Fair Enforcement Regulation Banking Act advanced out of a Senate committee.

CNBC Business
Sep 27, 2023

Shoppers face higher orange juice prices as futures hit another record
Orange juice future prices have surged due to bad weather affecting last year's crop.

CNBC Business
Sep 27, 2023

Ozempic, Wegovy drug prescriptions hit 9 million, surge 300% in under three years
The data confirms the rise in demand for GLP-1s, which have fueled a frenzy among Americans and on Wall Street for their ability to cause weight loss.

CNBC Business
Sep 27, 2023

UAW strikes threaten already vulnerable auto parts suppliers
In the face of prolonged strikes, some smaller suppliers are cutting workers or announcing plans to do so.

CNBC Business
Sep 27, 2023

U.S. Latino economic output grows to $3.2 trillion, according to new study
If Latinos were an independent country their GDP would rank fifth in the world, the study found.

CNBC Business
Sep 27, 2023

Landmark marijuana financing bill set to move forward in the Senate
The Secure and Fair Enforcement Regulation Banking Act is set to advance to the Senate floor in a committee vote Wednesday.

CNBC Business
Sep 27, 2023

Mortgage demand shrinks as interest rates hit the highest level in nearly 23 years
Applications for a mortgage to purchase a home fell 2% for the week and were 27% lower than the same week one year ago.

CNBC Business
Sep 27, 2023

Hollywood writers strike to end on Wednesday as WGA, AMPTP finalize labor contract
Hollywood writers and studios have finalized the language of a tentative contract that will lead to the end to a nearly 150-day labor strike.

CNBC Business
Sep 26, 2023

Costco tops quarterly earnings expectations, even as sales remain soft
Costco topped quarterly earnings and revenue expectations, even as sales trends at the membership club slowed.

CNBC Business
Sep 26, 2023

Peloton co-founder and Chief Product Officer Tom Cortese is leaving the company
Cortese will be replaced by Silicon Valley veteran Nick Caldwell, who previously held positions at Twitter, Google and Microsoft.

CNBC Business
Sep 26, 2023

Target says it will close nine stores in major cities, citing violence and theft
It's the latest move related to theft for Target, which has been outspoken about the industrywide problem of organized retail crime.

CNBC Business
Sep 26, 2023

Barry Diller rips WGA deal with studios, says fair use needs to be redefined to address AI
Copyright law and fair use must be redefined to exclude AI and protect publishers from their content being "sucked up," Barry Diller said Tuesday on Squawk Box.

CNBC Business
Sep 26, 2023

Sales of newly built homes reverse course, drop nearly 9% in August
Sales of newly built homes dropped as mortgage rates jumped.

CNBC Business
Sep 26, 2023

Working women spend $15.4 billion more than men in out-of-pocket health costs, study finds
Women rack up 10% more in health costs than men, but spend nearly 20% more out-of-pocket

CNBC Business
Sep 26, 2023

UPS to hire 100,000 holiday workers with Teamsters pay bump
UPS will hire 100,000 seasonal workers again this year, with starting pay up as a result of the newly ratified Teamsters agreement.

CNBC Business
Sep 26, 2023

Retail theft isn't actually increasing much, major industry study finds
Retail shrink, and theft's role as a share of it, is largely in line with historical norms, even as companies call it out more, according to a major NRF survey.

CNBC Business
Sep 26, 2023

UAW strike: Biden, Trump seek blue-collar votes in swing state Michigan
Michigan voters helped both Biden and Trump in winning the White House during the past two presidential elections in 2020 and 2016, respectively.

CNBC Business
Sep 26, 2023

Professional Pickleball, Tennis Channel deepen media partnership with 24/7 streaming channel
The PPA Tour and Tennis Channel are teaming up in joint venture that let's the TV network produce and air matches in a bid to further popularize the sport.

CNBC Business
Sep 26, 2023

Fast fashion is leaning into resale, but it may do little to reduce emissions, new study says
Resale platforms at fast-fashion retailers may do little to reduce emissions and companies like H&M and Shein are better off investing in their supply chains.

CNBC Business
Sep 26, 2023

Sierra Space raises nearly $300 million from Japanese consortium at over $5 billion valuation
The fresh funds come as Sierra Space focuses on getting its Dream Chaser spaceplane flying.

CNBC Business
Sep 25, 2023

Jeff Bezos' Blue Origin to replace CEO Bob Smith with outgoing Amazon exec Dave Limp
Jeff Bezos' Blue Origin will replace CEO Bob Smith with outgoing Amazon exec Dave Limp, CNBC has learned.

CNBC Business
Sep 25, 2023

Pfizer restarts production at tornado-hit North Carolina plant, but drug supply will still be affected
Pfizer expects operations to fully resume by the end of the year, but it warned that supply of some medicines would be affected until at least mid 2024.

CNBC Business
Sep 25, 2023

Movie theater shares pop after writers, studios reach tentative labor deal
While a potential end to the writers' strike represents positive momentum for Hollywood, union members still need to ratify the deal.

CNBC Business
Sep 25, 2023

Sierra Space raising nearly $300 million from Japanese consortium at $5 billion valuation
The fresh funds come as Sierra focuses on getting its Dream Chaser spaceplane flying.

CNBC Business
Sep 25, 2023

Merck Covid drug linked to virus mutations that can spread between people, new study says
There is still no evidence that molnupiravir, sold under the brand name Lagevrio, has produced more transmissible or severe variants of Covid.

CNBC Business
Sep 25, 2023

The first tour inside Manhattan's newest private club, with $100,000 membership fees
The new Core Club, spread over four floors above Midtown, is the latest in a wave of elite membership clubs that have opened in major cities since the pandemic.

CNBC Business
Sep 25, 2023

Pickleball is loud. The people behind the trendy sport say they're trying to fix it
Pickleball can be twice as loud as tennis. The body that governs the sport is working on ways to quiet it down.

CNBC Business
Sep 25, 2023

Nissan says all new models launched in Europe will be fully electric
The Japanese carmarker said all new models it launches in Europe will be fully electric, as it reaffirmed an aim for all-electric Europe sales by 2030.

CNBC Business
Sep 25, 2023

Writers reach tentative deal with studios to end strike after nearly 150 days
Talks between the Writers Guild of America and the Alliance of Motion Picture and Television Producers resumed last week after months of starts and stops.

CNBC Business
Sep 22, 2023

UAW targets 38 facilities at GM and Stellantis for expanded strikes, skips Ford
The strikes at the GM and Stellantis parts suppliers will add roughly 5,600 auto workers to the UAW's ongoing strikes at the Detroit automakers.

CNBC Business
Sep 22, 2023

Amazon is bringing ads to Prime Video — the ad-free option will cost an extra $2.99 a month
Amazon's Prime Video is joining the list of streaming services that will have an ad-supported option.

CNBC Business
Sep 22, 2023

UAW targets 38 facilities at GM and Stellantis for expanded strikes; skips Ford
The union will not initiate additional strikes at Ford Motor, as the company has proven it's "serious about reaching a deal," Fain said during a Facebook Live.

CNBC Business
Sep 22, 2023

Automakers question UAW's strike motives after leaked 'chaos' messages
UAW communications director Jonah Furman discussed targeted strikes as causing "recurring reputations damage and operational chaos" to the automakers.

CNBC Business
Sep 22, 2023

Amazon is bringing ads to Prime Video - the ad-free option will cost $2.99 a month extra
Amazon's Prime Video is joining the list of streaming services that will have an ad-supported option.

CNBC Business
Sep 22, 2023

McDonald's to raise royalty fees for new franchised restaurants for first time in nearly 30 years
McDonald's franchise royalty fees for U.S. restaurants will rise from 4% to 5% for operators opening new locations.

CNBC Business
Sep 21, 2023

Saudi crown prince says he will keep 'sportswashing' as criticism of the practice grows
Saudi Arabia's Crown Prince Mohammed bin Salman embraced 'sportswashing' criticism in a Fox News interview, saying that the practice has led to a growth of GDP.

CNBC Business
Sep 21, 2023

Where key issues stand as UAW closes in on extended strikes against GM, Ford and Stellantis
The UAW and General Motors, Ford Motor and Stellantis are all holding their ground on demands, and it appears likely the union will strike additional plants.

CNBC Business
Sep 21, 2023

WWE's 'SmackDown' to return to NBCUniversal's USA Network in more than $1.4 billion deal
WWE's "Friday Night SmackDown" will return to NBCUniversal's USA Network next year.

CNBC Business
Sep 21, 2023

Rupert Murdoch steps down as chairman of Fox and News Corp.
Murdoch's departure comes as his media empire, which includes The Wall Street Journal and Fox News, gears up for the 2024 election.

CNBC Business
Sep 21, 2023

WWE's SmackDown to return to NBCUniversal's USA Network in more than $1.4 billion deal
WWE's Friday Night SmackDown to return to NBCUniversal's USA Network as part of a five-year deal with the networks.

CNBC Business
Sep 21, 2023

Home sales stick near recent lows in August, but prices continue to climb
Higher mortgage rates and lower inventory levels are hitting homebuyers hard.

CNBC Business
Sep 21, 2023

Olive Garden parent Darden Restaurants beats earnings estimates, despite weak fine dining sales
Darden, the owner of Olive Garden, saw net sales rise more than 11% in the quarter.

CNBC Business
Sep 21, 2023

Hollywood studios, writers near agreement to end strike, hope to finalize deal Thursday, sources say
While optimistic, the people noted, however, that if a deal is not reached the strike could last through the end of the year.

CNBC Business
Sep 21, 2023

Olive Garden parent Darden Restaurants beats earnings estimates, despite weak fine-dining sales
Darden, the owner of Olive Garden, saw net sales rise more than 11% in the quarter.

CNBC Business
Sep 20, 2023

U.S. will again offer free at-home Covid tests starting Monday
Americans will soon be able to use COVIDtests.gov to request four free tests, the Biden administration said in a release.

CNBC Business
Sep 20, 2023

Adidas CEO says Kanye West didn't mean antisemitic remarks, isn't a bad person
Adidas CEO Bjorn Gulden said Kanye West didn't mean it when he made antisemitic remarks that led to the end of his Yeezy collaboration with the company.

CNBC Business
Sep 20, 2023

GM and Stellantis just laid off more than 2,000 additional workers because of the UAW's strike
The UAW's strike is already affecting other GM and Stellantis factories, where nearly 2,400 workers were laid off Wednesday.

CNBC Business
Sep 20, 2023

Anheuser-Busch to stop cutting off Clydesdale horse tails after backlash
Anheuser-Busch is bringing an end to the controversial practice of cutting off the tails of its Clydesdale Horses for cosmetic purposes.

CNBC Business
Sep 20, 2023

GM and Stellantis just laid off over 2,000 additional workers because of the UAW's strike
The UAW's strike is already affecting other GM and Stellantis factories, where nearly 2,400 workers were laid off on Wednesday.

CNBC Business
Sep 20, 2023

Philip Morris considers selling stake in pharmaceuticals unit to boost health-care division
The company's wellness division has struggled, and Philip Morris has had talks with Deutsche Bank on a range of options.

CNBC Business
Sep 20, 2023

GM executive slams UAW over 'flow of misinformation,' rhetoric during strike
President Mark Reuss focused on the union's public bashing of GM and elements of the company's "record" contract proposal that included 20% pay raises.

CNBC Business
Sep 20, 2023

Kraft recalls 84,000 cases of American cheese slices over choking hazard
Kraft Heinz announced a recall of Kraft Singles cheese slices after customers complained of choking.

CNBC Business
Sep 20, 2023

Philip Morris considers selling stake in pharmaceuticals unit to boost healthcare division
The company's wellness division has struggled, and Philip Morris has had talks with Deutsche Bank on a range of options.

CNBC Business
Sep 20, 2023

Fall Covid shot rollout gets off to a bumpy start as some patients see insurance delays
The reports are fueling confusion among insured patients about whether they can still access Covid shots for free — just as cases tick up across the country.

CNBC Business
Sep 20, 2023

SpaceX countersues Justice Department, seeking to dismiss hiring discrimination case
Elon Musk's SpaceX sued the Department of Justice in a Texas federal court, aiming to stop the DOJ's hiring discrimination case on constitutional grounds.

CNBC Business
Sep 20, 2023

Walmart opens a pet center with veterinary care and grooming as it signals bigger ambitions
With the move, Walmart, the nation's largest grocer, is signaling bigger ambitions in the pet industry after decades of selling dog food and other pet supplies.

CNBC Business
Sep 19, 2023

Eli Lilly sues clinics allegedly selling knockoff versions of Mounjaro diabetes drug
The lawsuits come as Eli Lilly grapples with a shortage of Mounjaro in the U.S. due to skyrocketing demand.

CNBC Business
Sep 19, 2023

Live sports are headed to Max, as Warner Bros. Discovery adds a new tier to streaming app
Warner Bros. Discovery said it will add a live sports tier to streamer Max on Oct. 5, bring NBA, NHL, MLB and March Madness games to the platform.

CNBC Business
Sep 19, 2023

Ford barrels toward new Canadian strike that could affect F-Series pickup production
Canadian union Unifor and Ford are approaching an 11:59 p.m. ET Tuesday deadline to reach an agreement for about 5,600 autoworkers before a strike could occur.

CNBC Business
Sep 19, 2023

White House no longer sending top officials to Detroit for UAW strike talks this week
President Joe Biden largely sided with the striking autoworkers in an address Friday, but has received a relatively cold reception from the from the UAW.

CNBC Business
Sep 19, 2023

Rocket Lab stock drops after first satellite launch failure in more than two years
Rocket Lab's 41st Electron rocket launch failed about two minutes and 30 seconds after lifting off from New Zealand.

CNBC Business
Sep 19, 2023

Kevin Durant's Boardroom launches entertainment and sports advisory firm
NBA superstar Kevin Durant and partner Rich Kleiman are expanding beyond their Boardroom media business.

CNBC Business
Sep 19, 2023

Uninsured Americans can still get free Covid boosters — here's how to find them
The new Covid vaccines from Pfizer and Moderna began to roll out last week after the CDC recommended them to all Americans ages 6 months and up.

CNBC Business
Sep 19, 2023

After a year of chaos, CNN bets on new CEO Thompson to focus on long-term viability
New CNN CEO Mark Thompson begins his job in October, and he'll likely focus on building a subscription digital businesses around CNN and CNN.com.

CNBC Business
Sep 19, 2023

Disney plans to nearly double its investment in parks and cruises business
Disney's theme parks have been a relative bright spot while the entertainment giant struggles to make a profit on streaming.

CNBC Business
Sep 19, 2023

Rocket Lab stock drops after first satellite launch failure in over two years
Rocket Lab's 41st Electron rocket launch failed about 2 minutes and 30 seconds after lifting off from New Zealand.

CNBC Business
Sep 19, 2023

UAW will strike at additional U.S. auto plants if 'serious progress' isn't made by noon Friday
The timing of the additional plants would come just over a week after the union announced targeted strikes at assembly plants of about 12,700 autoworkers.

CNBC Business
Sep 19, 2023

Rocket Lab stock drops 20% after first satellite launch failure in over two years
Rocket Lab's 41st Electron rocket launch failed about 2 minutes and 30 seconds after lifting off from New Zealand.

CNBC Business
Sep 19, 2023

EV charging needs big improvements soon if the auto industry's transition is going to work
There's a groundswell forming to expand and improve the U.S. charging landscape for EVs, but experts agree there's a long road ahead.

CNBC Business
Sep 18, 2023

Writers union will resume strike negotiations with studios this week
The WGA and the AMPTP will start talking again. Dual writers and actors strikes have shut down Hollywood.

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