Tag: Business

Moderna beats on revenue but loses more than expected as it scales down manufacturing

Moderna on Friday posted fourth-quarter revenue that beat estimates, but lost more than expected for the period, as the biotech company continues to...

Birkin bag maker Hermes posts better-than-expected jump in fourth-quarter sales

A Hermes Birkin bag in a window display at a KaDeWe department store in Berlin, Germany, on Friday, Jan. 3, 2025. Bloomberg | Bloomberg...

As Target and other retailers drop DEI programs, Black founders could face tougher battle to get and stay on shelves

Brown Girl Jane's sales have more than doubled since the brand got picked up by Sephora last year. The beauty retailer took the...

Arm shares rise on report that Meta will buy its first chip

Outside view of Meta's Facebook data center in Eagle Mountain, Utah, on July 18, 2024.George Frey | Afp | Getty ImagesArm shares rose...

CVS shares are up 45% this year — here’s why it may be starting to turn its business around

The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada, on Feb. 7, 2024.Patrick...

Prenuvo adds new health tests to flagship full-body scan, raises $120 million in fresh funding

Prenuvo's clinic in New York City, New York.Courtesy of PrenuvoPreventative health startup Prenuvo on Thursday announced it will offer three new health assessments...

As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai

President Donald Trump welcomes South Korea's President Moon Jae-In at the White House in Washington, U.S., May 22, 2018.Carlos Barria | ReutersDETROIT —...

Unilever sales just miss expectations; Ben & Jerry’s ice cream unit heads for triple listing

Pints of Ben & Jerry’s ice cream are seen on a shelf at Ideal Fresh Market of Church Ave on March 19, 2024...

Prebiotic soda brand Olipop valued at $1.85 billion in latest funding round

Prebiotic soda brand Olipop Courtesy: OlipopPrebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round,...

Musk will withdraw OpenAI bid if ChatGPT maker stays nonprofit, lawyers say

Elon Musk will withdraw his $97.4 billion bid for OpenAI's nonprofit arm if the ChatGPT maker stops its conversion into a for-profit entity,...

Comcast and NBCUniversal receive FCC inquiry on DEI initiatives

U.S. President-elect Donald Trump speaks to Brendan Carr, his intended pick for Chairman of the Federal Communications Commission, as he attends a viewing...