In this article PFE Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | Lightrocket | Getty Images Pfizer on Monday said it would stop developing its experimental obesity and diabetes pill, lotiglipron, due to elevated liver enzymes in patients who took the drug once a day in mid-stage clinical studies. Those elevated enzymes often indicate
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In this article QSR Follow your favorite stocksCREATE FREE ACCOUNT Burger King’s plan to revive its U.S. business is already showing signs of improved franchisee profitability, on top of stronger sales. “We’ve moved sales back in the right direction, but we’ve already started to move franchise profitability meaningfully higher,” Josh Kobza, CEO of parent company
Dove Ice Cream Bars are packaged at Mars’ factory in Burr Ridge, Illinois. Source: Mars Candy giant Mars is trying to make a name for itself in a new category: ice cream. The family-owned company aims for its ice cream business to reach $1 billion in sales worldwide by 2030. In May, Mars tapped executive
In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT Ezra Miller stars as Barry Allen in Warner Bros.’ “The Flash.” Warner Bros. Discovery “The Flash” is a flop. “Black Adam” was a bust. And does anyone remember “Shazam: Fury of the Gods”? DC Studios needs more than a hero, it needs a new strategy
Bob Iger, CEO of The Walt Disney Company, left; David Zaslav, CEO and president of Warner Bros. Discovery, center; and Bob Bakish, president and CEO of Paramount Global. Getty Images Companies and industries have ups and downs. The legacy media industry is in a valley. The first half of 2023 has been a colossal disappointment
In this article SG Follow your favorite stocksCREATE FREE ACCOUNT In early May, Sweetgreen opened its first automated location, in the Chicago suburb of Naperville, Illinois. After only a few weeks operating the restaurant, the salad chain is preparing to go all in on the technology to cut labor costs and improve the customer experience.
Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. Mandel Ngan | AFP | Getty Images The Federal Reserve plans to keep hiking interest rates to stem inflation, which means an increase in
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Marchers with Starbucks pass through the landmark intersection of Hollywood and Highland during the annual Pride Parade in Los Angeles, June 12, 2022. David Mcnew | Getty Images Some organized Starbucks stores will strike across the U.S. starting Friday in Seattle after the coffee giant
Oddity Il Makiage Coutesy: Oddity Beauty and tech company Oddity, which runs the Il Makiage and Spoiled Child brands, filed to go public Friday as the once-frozen IPO market warms up. The Israel-based company plans to trade on the Nasdaq using the ticker ODD. The company didn’t immediately disclose how the offering would be priced
In this article GSBD Follow your favorite stocksCREATE FREE ACCOUNT Goldman Sachs CEO David Solomon speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City. Taylor Hill | Getty Images Goldman Sachs is likely to take a large writedown for its 2021 acquisition of fintech lender GreenSky