Marijuana financing bill SAFER Banking clears Senate hurdle
A new bill that aims to give the marijuana industry access to banking services moved forward in the Senate on Wednesday. The Secure and Fair Enforcement Regulation Banking Act was introduced by a bipartisan group of senators last week. The...
2023-09-29 21:47:37
Merck, AstraZeneca, Bristol Myers in Medicare drug price negotiations
, , and Boehringer Ingelheim on Wednesday told CNBC they will agree to participate in the first round of , even after all four drugmakers to halt the last month. Merck's Type 2 diabetes drug Januvia, AstraZeneca's own diabetes drug Farxiga,...
2023-09-29 21:47:32
UAW threatens to expand strikes again at GM, Ford, Stellantis
DETROIT — The United Auto Workers union will announce expanded strikes at , and plants if the sides don't make significant progress in negotiations by 10 a.m. ET Friday, according to a person familiar with the matter. The new union-impose...
2023-09-29 21:47:25
Peloton shares soar on partnership with Lululemon
and are joining forces. The two companies announced a five-year partnership Wednesday that will bring Peloton's content to Lululemon's exercise app. Lululemon in turn will become Peloton's primary athletic apparel partner, and a select numb...
2023-09-29 21:47:19
FAA closes investigation into Blue Origin's New Shepard rocket failure
The Federal Aviation Administration closed its investigation into last year's failed flight of a cargo mission by Blue Origin, the regulator announced Wednesday. Blue Origin is required by the FAA to "implement 21 corrective actions," the r...
2023-09-29 21:47:14
Delta CEO says carrier went 'too far' in SkyMiles changes, promises modifica
CEO Ed Bastian said the airline will make "modifications" in the next few weeks to its loyalty program after a recently announced overhaul that would make it more expensive for many travelers to earn elite status and get into airport lounge...
2023-09-29 21:47:08
SpaceX wins first Pentagon contract for Starshield
The Pentagon has awarded SpaceX its first confirmed contract for the Starshield network it's developing, a military-specific version of the company's Starlink satellite internet system, the defense agency said Wednesday. A Space Force spoke...
2023-09-29 21:47:03
GameStop names Ryan Cohen as CEO effective immediately
In this article said Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer's chief executive, chairman and president effective immediately — and he won't be collecting a salary. Shares o...
2023-09-29 21:46:57
NFL concerned about ads on white nationalist accounts
The National Football League on Thursday responded to a recent report that pointed out its ads were placed on white nationalist feeds on Elon Musk's social media platform, X, formerly known as Twitter. "NFL unequivocally denounces any form...
2023-09-29 21:46:52
Nike (NKE) earnings Q1 2024
reported revenue Thursday that fell short of Wall Street's sales expectations for the first time in two years, but it beat on earnings and gross margin estimates, sending its stock soaring in after-hours trading. Here's how the sneaker gian...
2023-09-29 21:46:46
Endeavor, Fenway Sports consider PGA Tour investment
The PGA Tour is attracting potential outside investors — some of which are considering making a rival pitch to the Saudi-backed Public Investment Fund's proposal, according to people familiar with the matter. and Fenway Sports Group are c...
2023-09-29 21:46:41
GameStop's survival demands 'extreme frugality,' CEO tells employees
Just hours after being named 's CEO, Ryan Cohen sent out a memo to employees Thursday that emphasized he will take dramatic steps to ensure the struggling video game retailer survives. "Our job is to make sure GameStop is here for decades t...
2023-09-29 21:46:35
Blue Origin, Sierra Space Orbital Reef space station in limbo
The Orbital Reef space station partnership between Blue Origin and Sierra Space is on rocky footing, CNBC has learned. The companies announced Orbital Reef as a co-led project in 2021, but updates about the project dried up in the past year...
2023-09-29 21:46:29
UAW negotiations: Automakers grow frustrated as new deadline looms
DETROIT – Tensions are rising and accusations are flying between the Detroit automakers and United Auto Workers, as the union threatens to – marking two weeks of work stoppages and the dwindling likelihood of an imminent breakthrough. T...
2023-09-29 21:46:23
Obesity, diabetes drug ad spending hit nearly $500 million: report
Drugmakers spent nearly $500 million on advertisements for in the U.S. during the first seven months of this year, up 20% from the same period a year ago, according to new released Friday. The data, from advertising analytics firm , demonst...
2023-09-29 21:46:17