One would have thought that a Walmart guidance cut was already priced into the stock. But clearly, it was not.
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Walmart’s profit warning shows inflation is still a big problem. Here’s our take
Business
Novo Nordisk CEO sees 15 million-patient opportunity in Medicare coverage for obesity drugs
Novo Nordisk CEO Mike Doustdar. CNBC Novo Nordisk CEO Mike Doustdar on Wednesday said the company is aiming to capture around 15 million new patients, at least initially, when Medicare starts covering obesity treatments for the first time later this year. Around 67 million Americans are covered by Medicare, but “when you take a look […]
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Business
Scripps launches cost cutting, AI integration in latest effort to generate earnings growth
FILE PHOTO: E.W. Scripps Co. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, June 3, 2016. Michael Nagle | Bloomberg | Getty Images E.W. Scripps is setting into motion what it calls a transformation plan for the broadcast station company — […]
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Business
Property Play: Delinquencies in commercial mortgage-backed securities are on the rise. Here’s what’s happening
Key Points Delinquencies in commercial mortgage-backed securities rose again in January, up 17 basis points from December to 7.47%, according to Trepp. The increase was driven by the beleaguered office sector, which has a lot of distressed properties to work through but is seeing improvements in fundamentals. The rate increase was driven by two exceptionally […]
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