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GLP-1 weight-loss drugs are surging in popularity at large employers, but steep costs are straining budgets, KFF's Employer Health Benefits Survey finds. Coverage for obesity rose to 43% among firms with 5,000+ workers, …
A wave of promotions has left U.S. shoppers with "discount burnout," AlixPartners reports, complicating Black Friday and Cyber Monday plans. Surveying 9,000 consumers across 140 retailers, the firm found the weight shopp…
On Netflix’s earnings webcast, co‑CEO Greg Peters dismissed big media mergers as a fix, citing Disney-Fox, Amazon-MGM and the AT&T–Time Warner and Discovery–Warner tie-ups as lacking transformative impact. As Warner Bros…
Elon Musk blasted Transportation Secretary Sean Duffy on X after Duffy suggested NASA could open SpaceX’s $2.9 billion lunar-lander contract to competitors, saying the company is behind schedule as Artemis III is planned…
Netflix missed Wall Street profit forecasts in Q3 as an expense tied to a dispute with Brazilian tax authorities squeezed its operating margin to 28% versus 31.5% guidance. Revenue hit $11.51 billion, but diluted EPS of …
Netflix’s Q3 2025 results missed both Wall Street and internal EPS targets but met revenue expectations, after an unforecast expense from a Brazilian tax dispute cut operating margin to 28% versus 31.5% guidance. Adjuste…
Apple told a court that Jon Prosser still hasn’t answered its July lawsuit accusing him of stealing trade secrets, and a clerk entered a default last week. Prosser, however, told The Verge he has been in active communica…
California earmarked $342 million in film tax credits to jumpstart big-budget production, led by a record $43.9 million for the next Jumanji, set to shoot in November for a December 2026 release. “Heat 2” will receive $3…
Warner Bros. Discovery said HBO Max prices are rising as of Tuesday, Oct. 21, with new subscriptions increasing immediately. Existing monthly customers will get 30 days’ notice and see higher rates from their first billi…
Cory Doctorow's new book, Enshittification, argues major platforms follow a three-stage slide: generous to users, then to business customers, before squeezing both with degraded feeds, what he calls junk fees, and distor…
Coca-Cola beat Wall Street estimates, posting adjusted EPS of 82 cents on $12.41 billion in revenue, yet said demand remains soft. Third-quarter net income rose to $3.7 billion, and net sales increased 5% as organic reve…
Apple’s iPhone 17 lineup is outselling its predecessor in the U.S. and China—up 14% in the first 10 days—sending Apple shares up nearly 4% to a record, Counterpoint says. China’s iPhone Air sold out within minutes, per t…
General Motors reports third-quarter results before Tuesday’s bell, with Wall Street expecting $2.31 adjusted EPS and $45.27 billion in revenue, down 22% and 7.2% from a year ago. The update follows a $1.6 billion specia…
CNBC's Jim Cramer said Apple's nearly 4% jump to a record close Monday showed why investors should own, not trade, the stock, as the Dow, S&P 500 and Nasdaq rose 1.12%, 1.07% and 1.37%. He credited three bullish analyst …
Periodic Labs, founded by OpenAI’s Liam Fedus and former Google Brain researcher Ekin Dogus Cubuk, emerged from stealth with a $300 million seed round led by Felicis. The startup aims to fuse simulations, LLM reasoning a…
CNN Business Nightcap examines swelling AI-market exuberance amid doubts. The Financial Times says 10 unprofitable AI startups added nearly $1 trillion in value over 12 months. Researcher Julien Garran of MacroStrategy P…
Trading cards are surging, with Circana reporting strategic sales up 103% year-to-date through August and non-strategic up 48%. Target says category sales have climbed nearly 70% and are on track to top $1 billion, while…
Americans are running into snarled deliveries and surprise bills after the Trump Administration ended the de minimis loophole in August, part of President Donald Trump’s April tariff push. UPS customers describe packages…
President Trump on Friday signed a proclamation imposing 25% tariffs on all medium- and heavy-duty truck imports and their parts, and 10% on imported buses, including school and city models. The 25% rate covers Class 3 t…
China and the United States will hold new trade talks next week in Malaysia after a video call described as frank and constructive, as a tariff truce nears its Nov. 10 expiry. President Donald Trump said U.S. tariffs on …
The FAA has cleared Boeing to raise 737 Max production to 42 jets a month, easing a cap imposed after a 737 Max 9’s door plug blew out on an Alaska Airlines flight in January 2024. Regulators said they will keep close ov…
Proxy adviser ISS urged Tesla investors to vote down Elon Musk’s proposed $1tn pay package, citing its striking magnitude and a lack of binding safeguards to keep him focused as he juggles other ventures. The recommendat…
Apple plans to cut iPhone Air production by one million units after underwhelming sales, Mizuho Securities says. Meanwhile, iPhone 17 Pro and Pro Max are outperforming last year’s models, and the standard iPhone 17 is a …
Porsche said CEO Oliver Blume will step down from the sports carmaker while remaining at the helm of parent company Volkswagen, ending his much-criticized dual role. Shareholders had warned the arrangement posed an exces…
Taiwan’s Eva Air apologized after a staffer texted the family of a 34-year-old flight attendant, surnamed Sun, requesting leave paperwork days after her death. Sun reportedly fell ill on a 24 September flight from Milan …