Month: July 2022
Bausch Health shares tank in what could be a worst-case scenario after a judge order
Bausch Health said Thursday afternoon it will “consider all available options to vigorously defend” its IP and appeal. Source
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Amazon records $3.9 billion loss on Rivian investment, bringing markdown for the year to $11.5 billion
Rivian CEO RJ Scaringe and Amazon CEO Andy Jassy tour one of the company’s electric delivery vans. Amazon Amazon’s stake in electric vehicle maker Rivian Automotive was once worth $27 billion. That was in November, shortly after Rivian’s IPO, which took place just before the Nasdaq peaked. But with investors rotating out of risk in […]
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Massachusetts Trader Joe’s workers approve union drive
Grocery chain Trader Joe’s Melissa Renwick | Toronto Star | Getty Images Employees at a Trader Joe’s supermarket in Massachusetts on Thursday became the latest workers at a major company to approve a labor union. The store in Hadley, about 80 miles west of Boston, is the first Trader Joe’s with an employees union, although […]
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House passes bill to boost U.S. chip production and China competition, sending it to Biden
US President Joe Biden reacts to a note given to him saying that the CHIPS-plus bill has passed the House during a meeting with CEOs about the economy in the South Court Auditorium of the Eisenhower Executive Office Building, next to the White House, in Washington, DC on July 28, 2022. Mandel Ngan | AFP […]
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Health secretary calls on Congress and states to do more to help contain monkeypox outbreak
People wait in line for the monkeypox vaccine at the Balboa Sports Center in the Encino neighborhood of Los Angeles, California, on July 27, 2022. Robyn Beck | AFP | Getty Images The U.S. health secretary on Thursday said the federal government needs Congress to help end the growing monkeypox outbreak and that states, cities […]
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Instagram rolling back changes after Kardashians slammed the app for being like TikTok
Kris Jenner, Kendall Jenner, Kylie Jenner and Kim Kardashian on May 8, 2018 in New York City. Dimitrios Kambouris | Getty Images Entertainment | Getty Images Meta is ending a test version of its Instagram app that earned the ire of many people, including celebrity sisters Kylie Jenner and Kim Kardashian. Instagram chief Adam Mosseri […]
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Watch live: Biden speaks about the state of the U.S. economy
(Biden is scheduled to begin speaking at 2:15 p.m. ET. Please refresh the page if the video above doesn’t play at that time.) President Joe Biden will deliver remarks on the U.S. economy Thursday and meet with a small group of CEOs to “receive an update on economic conditions across key sectors and industries,” according […]
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JetBlue won the battle for Spirit. Now it has to win over Biden’s Justice Department
JetBlue Airlines and Spirit Airlines are seen on the departure board in the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images JetBlue Airways finally won over Spirit Airlines with a $3.8 billion takeover deal. Now it needs to win over antitrust regulators. The New York-based airline […]
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Deutsche Bank isn’t convinced a ‘slam dunk’ recession is underway just yet. Wants more evidence after latest GDP print
Deutsche Bank joined the growing chorus of voices that’s not convinced we’re in a recession yet — although the firm continues to believe we’ll likely land in one within the next year. “We still think a recession is almost a slam dunk over the next 12 months but want to see more evidence of employment […]
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Royal Caribbean CEO breaks down company outlook
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Seema Mody joins ‘The Exchange’ with Jason Liberty, Royal Caribbean CEO, to discuss the company’s second quarter miss and outlook for Royal Caribbean. Source
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