Novo Nordisk on Monday said it will spend $4.1 billion to build a new manufacturing plant in Clayton, North Carolina, in a bid to boost the supply of its blockbuster weight loss drug…
Editor’s Pick
How Delta made itself America’s luxury airline — and what United wants to do about it
Delta Air Lines is the country’s most profitable airline. CEO Ed Bastian’s challenge is to make sure his carrier stays on top. The airline’s unit revenue, the amount it brings in…
Paramount Global is hiking the price of its flagship streaming service as the company looks to turn around its business. The company said Monday it will raise the price of the…
European Union regulators accuse Apple of breaching the bloc’s tech rules
European Union regulators on Monday said Apple is in breach of sweeping new tech rules because it does not allow customers of its App Store to be steered to alternatives.…
Paris seeing signs of strong travel demand ahead of Summer Olympics — but plenty of deals remain
The 2024 Summer Olympics in Paris are set to see plenty of attendees — but travel data shows there are still opportunities for last-minute deal-hunters to capitalize on current market dynamics.…
More than half a million portable device chargers sold at Costco recalled after two homes catch fire
More than half a million portable electronic device chargers sold exclusively at Costco are being recalled after reports they can overheat and catch fire. The devices, called myCharge POWER HUB…
Pennsylvania Sen. Casey warns Amazon, Target and Walmart over ‘greedflation’ pricing
Pennsylvania Sen. Bob Casey has sent letters to Amazon, Target and Walmart over concerns that pricing decisions made at the retail giants since the pandemic may have been driven by…
Forever 21 seeks rent concessions as fast-fashion brand faces financial woes
Forever 21 is asking landlords for a break on rent as the legacy fast-fashion player’s sales decline and it struggles to keep up with savvier competitors, CNBC has learned. The…
Rite Aid shutting down 27 more locations, bringing closure total to nearly 550 nationwide
Rite Aid is closing 27 more locations as it continues to work through a bankruptcy proceeding, according to a new court filing. The store locations are in Ohio and Michigan.…
Tesla has downsized by at least 14% this year after Elon Musk said layoffs would exceed 10%
Tesla’s hefty downsizing in 2023 has reduced its global headcount to just over 121,000 people, including temps, internal records suggest, indicating that the automaker has slashed more than 14% of its…