Rafael Henrique | Lightrocket | Getty ImagesCVS Health is partnering with drugmaker Sandoz to produce a near identical version of the blockbuster arthritis treatment Humira that will sell for 80% below the price of the brand-named drug.The move is part of the company's new venture focused on securing, and...
People walk past a Nike sporting goods store at a shopping complex in Beijing, China, March 25, 2021.Florence Lo | ReutersNike's stock tumbled Wednesday for the 10th day in a row after Foot Locker reported dismal quarterly results and consumers continue to pull back from the footwear sector. The sneaker...
Juul Labs signage is seen in the window of a store in San Francisco, June 25, 2019.David Paul Morris | Bloomberg | Getty ImagesJuul Labs said Wednesday it's planning to cut about 30% of its workforce as it looks to cut costs and boost profits.The layoffs will affect about...
Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California.Patrick T. Fallon | Bloomberg | Getty ImagesFoot Locker reported another quarter of falling sales and slashed its outlook for the second time this year on Wednesday as inflation-weary consumers think twice before shelling...
Abercrombie & FitchCourtesy: Abercrombie & FitchShares of Abercrombie & Fitch soared Wednesday, after the retailer crushed Wall Street's quarterly earnings and sales expectations and raised its forecast for the year.On a call with investors, CEO Fran Horowitz said the retailer's performance is the "culmination of years of hard work." She...
Nvidia headquarters in Santa Clara, California, Feb. 23, 2021.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Nvidia — The chipmaker climbed 3,2% ahead of its quarterly report set for release after the bell. Expectations are high for the chipmaker after its shockingly...
Members of the Writers Guild of America (WGA) and the Screen Actors Guild walk the picket line outside of Netflix in Hollywood, California, on August 9, 2023.Frederic J. Brown | AFP | Getty ImagesHollywood producers are taking their latest contract proposal public as talks between the studios and writers...
A sign is posted in front of the Nvidia headquarters in Santa Clara, California, May 10, 2018.Justin Sullivan | Getty Images News | Getty ImagesCheck out the companies making headlines in premarket trading.Nvidia — Shares of the chipmaker ticked up 0.7% in heavy premarket trading. Nvidia will report second-quarter...
Starbucks' new fall drink, the iced pumpkin cream chai latte.Source: StarbucksAs Starbucks celebrates the 20th anniversary of its pumpkin spice latte, the coffee chain is adding a third pumpkin drink to its fall menu.Starting Thursday, the iced pumpkin cream chai latte joins the company's existing pumpkin lineup, which also...
Carlos, a UPS worker in Manhattan, delivers packages on his daily rounds on July 24, 2023 in New York City.Spencer Platt | Getty ImagesUPS workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the International Brotherhood of Teamsters...