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Merck sues Biden administration over Medicare drug price negotiations

Jakub Porzycki | NurPhoto | Getty Images Global drugmaker Merck on Tuesday sued the Biden administration over Medicare’s new powers to substantially reduce drug prices for seniors under the Inflation Reduction Act, the opening salvo in the pharmaceutical industry’s efforts to weaken the program. In a scathing complaint filed in …

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Apple’s Vision Pro headset will launch with Disney+ streaming

Bob Iger, CEO, Disney at Apple program Source: Apple The Walt Disney Company has always been at the forefront of new storytelling technology. On Monday, it announced a new partnership with Apple to bring its streaming service Disney+ to the tech giant’s new augmented reality headset. Dubbed Vision Pro, the …

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CNN CEO Chris Licht apologizes to staff

Chris Licht, Chairman and CEO, CNN Worldwide speaks onstage during the Warner Bros. Discovery Upfront 2022 show at The Theater at Madison Square Garden on May 18, 2022 in New York City. Kevin Mazur | Getty Images Embattled CNN Chief Executive Chris Licht apologized to the news organization’s staff Monday …

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Boeing further delays first Starliner astronaut mission for NASA

Boeing employees work on the company’s Starliner capsule in preparation for the first crew flight test, Jan. 19, 2023. John Grant / Boeing Boeing is further delaying the first crewed launch of its Starliner spacecraft after discovering additional issues with the capsule, the company announced alongside NASA on Thursday. The …

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CNN hires David Zaslav confidant as new COO, underscoring bond

Chris Licht, Chairman and CEO of CNN Worldwide. Courtesy: CNN CNN CEO Chris Licht is about to get some help running his news network from a longtime close confidant of Warner Bros. Discovery chief executive officer David Zaslav. Licht has hired David Leavy as CNN’s new chief operating officer, the …

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Mark Wahlberg lobbies to make Las Vegas Hollywood in the desert

One of Las Vegas’s more famous residents is aiming to work closer to home. Actor Mark Wahlberg lobbied Nevada state lawmakers Wednesday to pass a bill that would coax more film production to Las Vegas. “I would love to see us building studios, creating jobs and just diversifying the economy,” …

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Dollar General DG Q1 earnings report 2023

A shopper at a Dollar General store Daniel Acker | Bloomberg | Getty Images Dollar General’s core customers are reining in their spending amid a worse than expected macroeconomic backdrop, leading the discounter to slash its full year outlook after a dismal earnings report Thursday.  Shares of Dollar General plunged …

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Macy’s (M) earnings Q1 2023

Macy’s shares fell on Thursday, as the retailer slashed its full-year outlook and said it saw sales significantly weaken in late March. The company’s stock dropped as much as 10% in premarket trading even as it beat first-quarter earnings expectations. related investing news The department store operator said it now …

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Advance Auto Parts shares plummet after dismal Q1

Customer vehicles sit parked outside an Advance Auto Parts automotive supply store in La Grange, Kentucky. Luke Sharrett | Bloomberg | Getty Images Shares of Advance Auto Parts plummeted roughly 30% during early trading Wednesday after the company’s first-quarter earnings significantly missed Wall Street’s expectations and executives slashed the retailer’s …

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Commercial real estate firms join to recruit Black student-athletes

Cedric Bobo discusses a new program for Black student-athletes to transition into the commercial real estate market. Diana Olick | CNBC When Darius Livingston graduated from the University of California, Davis, two years ago, he knew his football career was over. Like most of his former teammates — and the …

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