Satellite manufacturer Terran Orbital is "looking at everything" regarding the company's future, CEO Marc Bell told CNBC, as it considers Lockheed Martin's acquisition offer."We found out about [Lockheed's takeover bid] when the rest of the world found out about it," Bell said on CNBC's "Manifest Space" podcast.Lockheed's proposal submitted...
Novo Nordisk CEO Lars Fruergaard Jørgensen on Friday said the company's experimental weight loss pill, amycretin, could eventually become a best-in-class treatment for obesity. The Danish drugmaker is racing to capitalize on the runaway success of its blockbuster weight loss drug Wegovy by developing a new generation of treatments for...
Chevrolet All-Electric Blazer EVScott Mlyn | CNBCDETROIT – General Motors is reducing the price of its new Chevrolet Blazer EV as it restarts sales of the vehicle Friday following an 11-week stoppage to address software issues.GM halted sales of the EV in late December following reports by customers and...
Eli Lilly headquarters in Indianapolis, Indiana, US, on Wednesday, May 3, 2023. Eli Lilly & Co.'s shares climbed in early US trading after its experimental drug for Alzheimer's slowed the progress of the disease in a final-stage trial, paving the way for the company to apply for US approval.AJ...
Westend61 | Westend61 | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The number of family offices in the world has tripled since 2019, setting...
A general view of an Old Navy store. Gap Inc.Gap's largest banner Old Navy returned to growth for the first time in more than a year during its holiday quarter as the retailer delivered earnings on Thursday that came in well ahead of Wall Street's expectations. Sales at Old Navy grew...
Rocket LV0006 tilts during liftoff.Astra / NASASpaceflightSpace company Astra will go private in a cut-rate deal with its founders after a dismal run as a publicly-traded stock.Astra co-founders Chris Kemp and Adam London – CEO and CTO, respectively – signed an agreement with the company's board to acquire all...
As retailers compete for grocery shoppers, some of the big names in the business have zeroed in on the same strategy: get deliveries to customers' doors quickly.This week, Target announced a new paid membership program with free same-day home deliveries as a key perk. Walmart expanded its same-day delivery...
Rivian CEO RJ Scaringe stands next to a R2 SUV at an unveiling event in Laguna Beach, California, U.S., March 7, 2024. Mike Blake | ReutersRivian Automotive surprised consumers and next new vehicle will be an all-electric midsize SUV called the R2 that's expected to start around $45,000 when it...
A United Airlines 737 Max 8Leslie Josephs | CNBCUnited Airlines will pause pilot hiring this spring because of aircraft deliveries from Boeing, the latest effect of the plane maker's problems with one of its biggest customers.New hire classes will be paused in May and June and will likely resume...