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03Feb

Pfizer obesity drug data raises tolerability concerns, shares drop 5%

Pfizer on Tuesday released trial data on a high-profile obesity drug from its recent $10 billion Metsera purchase that raises questions about its tolerability for patients, and shares of the…
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03Feb

PayPal shares sink on CEO exit, disappointing 2026 profit forecast

PayPal replaced its CEO Alex Chriss, who was brought in to steer the payments firm through slowing growth and heightened competition, and simultaneously issued a lackluster profit forecast for 2026…
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03Feb

White House Talks With Banks, Crypto Firms End in Deadlock

A White House meeting aimed at breaking a months‑long stalemate between major U.S. banks and cryptocurrency firms ended Monday without any agreement, underscoring industry divisions that continue to threaten progress…
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03Feb

PepsiCo to Cut Lay’s, Doritos Prices by Up to 15% After Consumer Pushback

PepsiCo will cut prices on core brands such as Lay's and Doritos by up to 15% following a consumer backlash against several previous price hikes, the snacks and beverage maker…
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03Feb

Disney names parks chief Josh D’Amaro as CEO, ending succession uncertainty

Walt Disney on Tuesday named theme parks head Josh D'Amaro as CEO, ending years of succession uncertainty and placing a longtime insider at the helm as artificial intelligence and a…
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03Feb

Walmart Joins $1 Trillion Club After 26% Stock Rally

Walmart became the first retailer ever to hit $1 trillion in market valuation on Tuesday, riding on a year-long rally that has seen its shares rise nearly 26%, putting it…
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03Feb

Rolls-Royce defends pricing after airlines bash engine industry

A senior Rolls-Royce executive on Tuesday defended recent price rises and improvements in performance after airlines accused engine makers of profiting from supply chain problems. The head of the International…
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03Feb

India, U.S. Seal Trade Deal on Oil, Defence, Planes; Farm Sector Partly Open

India has agreed to buy petroleum, defence goods, and aircraft from the U.S., while partly opening up its highly-guarded agriculture sector under a trade deal, according to a government official,…
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03Feb

Top consulting firms test boundaries with China workarounds

Faced with a fraught geopolitical environment, global consultancies are turning to riskier ways to do business in China that some industry and legal experts say test the boundaries of Western…
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03Feb

Tesla launches new Model Y AWD in US at $41,990

Electric-vehicle maker Tesla has introduced a new all-wheel drive variant of its bestselling Model Y SUV in the United States, priced at $41,990, according to the company's website on Monday.…
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