A Gulfstream G-IV private jet flies past clouds at sunset on approach to Washington's Reagan National Airport on June 12, 2024, in Arlington, Virginia.J. David Ake | 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...
Gilead HIV prescription bottles seized at Best Scripts pharmacy.Courtesy: Gilead SciencesGilead Sciences says it uncovered a dangerous drug-counterfeiting operation in which its HIV medications were tampered with and improperly resold before reaching patients.The scheme, allegedly run out of two New York City pharmacies, identified Peter Khaim, a twice-convicted medical...
Check out the companies making headlines before the bell. Estee Lauder — The beauty company slipped nearly 2% after Bank of America downgraded the stock, citing headwinds in its China market. Softening U.S. demand is also weighing upon shares, the firm added. Applied Materials — The semiconductor equipment company's...
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesStreaming is finally starting to pay off for media companies, but there's a catch — to get there, consumers are facing higher subscription costs and increasingly frequent price hikes.Legacy media companies entered the streaming market with a focus on gaining...
2025 Lincoln NavigatorLincoln Ford Motor is updating its Lincoln Navigator to include a 48-inch front display that can be used as a "sanctuary" for spa lovers and gamers alike.The new feature comes as the automaker has redesigned the exterior and interior of the vehicle for the 2025 model year —...
Check out the companies making headlines in extended trading. Applied Materials — The material engineering stock slipped 2.5% despite third-quarter earnings coming in better than analysts anticipated. Applied Materials earned $2.12 per share, excluding items, on $6.78 billion in revenue. Analysts had penciled in just $2.02 a share in...
U.S. President Joe Biden and Vice President Kamala Harris walk out together, at an event on Medicare drug price negotiations, in Prince George's County, Maryland, U.S., August 15, 2024. Ken Cedeno | ReutersThe Biden administration on Thursday reached a milestone in Democrats' decades-long quest to use Medicare to drive down...
United Airlines CEO Scott Kirby celebrates the opening of a new addition to its Flight Training Center in Denver, Colorado, on Feb. 22, 2024.Hyoung Chang | Denver Post | Getty ImagesUnited Airlines CEO Scott Kirby says he is optimistic about Boeing's recovery after meeting with the manufacturer's new chief...
A customer pushes her shopping cart through the aisles at a Walmart store in the Porter Ranch section of Los Angeles.Kevork Djansezian | ReutersPrices of many groceries and other items have fallen at Walmart, according to CEO Doug McMillon.Yet the leader of the nation's largest retailer said Thursday that...
An ad campaign targeting fast-food chains and a TikTok-viral appetizer helped Chili's same-store sales climb nearly 15% in its latest quarter.But Kevin Hochman, CEO of parent company Brinker International, told CNBC that the chain's strong performance is just a sign that customers are finally catching onto the chain's two-year...