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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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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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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Value is the key to McDonald’s growth plans, but it’s creating tensions with some franchisees
The restaurant sector has spent the past 18 months trying to figure out how to reach consumers in a hypercompetitive and uneven economy. McDonald’s, which is set to report earnings after the bell Wednesday, has doubled down on value messaging to customers via Extra Value Meals and Snack Wraps, which will likely help to boost […]
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Kraft Heinz pauses work to split the company as new CEO says ‘challenges are fixable’
Kraft Heinz in September 2025 announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett. Justin Sullivan | Getty Images News | Getty Images Kraft Heinz on Wednesday said that it is pausing work on its previously announced plans to split the company. Shares […]
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Moderna says FDA refuses to review its application for experimental flu shot
A researcher works in the lab at the Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024. Adam Glanzman | Bloomberg | Getty Images The Food and Drug Administration has refused to start a review of Moderna‘s application for its experimental flu shot, the company announced Tuesday, in another sign of the […]
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Estee Lauder sues Walmart alleging ‘despicable’ sale of counterfeit beauty products
Walmart Inc. signage during the company’s listing at the Nasdaq MarketSite in New York, US, on Tuesday, Dec. 9, 2025. Michael Nagle | Bloomberg | Getty Images Estee Lauder sued Walmart in California federal court over allegations the big-box retailer sold counterfeit beauty products on its website and didn’t do enough to ensure only authorized […]
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How this French building behemoth wants to solve the U.S. housing dilemma
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. French […]
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Paramount sweetens WBD bid, but stops short of raising its per-share value
Paramount Skydance said Tuesday it has sweetened its offer for Warner Bros. Discovery, adding a so-called “ticking fee” to signal regulatory confidence among other new elements. Paramount stopped short, however, of raising its per-share offer to WBD shareholders. In December, Paramount launched a hostile tender offer for the entirety of Warner Bros. Discovery at $30 […]
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Kalshi says Super Bowl trading volume surpassed $1 billion
Kalshi saw more than $1 billion in trading volume on Super Bowl Sunday, reaching a daily record high, according to CEO Tarek Mansour. That volume was up 2,700% year-over-year, according to the company. The platform allows users to buy event contracts for outcomes in politics, pop culture, financial markets and sports. “It was an incredible […]
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