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   NEWS: CNBC BUSINESS
CNBC Business
May 12, 2025

Trump's plan to slash drug prices may struggle to get off the ground - here's what to know
Health policy experts said it is still unclear how much prices will go down, which medicines will be impacted and whether the effort can be implemented at all.

CNBC Business
May 12, 2025

Toy stocks rally after Chinese tariffs slashed to 30%
Shares of Mattel, Hasbro, Jakks and Funko rallied on Monday after the U.S. agreed to temporarily reduce tariffs on China.

CNBC Business
May 12, 2025

McDonald's announces plans to hire 375,000 workers with Trump Labor secretary
Through its company-owned and franchised restaurants, McDonald's is one of the nation's largest private employers.

CNBC Business
May 12, 2025

FAA launches Newark airport task force with Verizon, L3Harris executives
The Trump administration announced an emergency task force of executives from Verizon, L3Harris and the FAA to fix the communication issues at Newark airport.

CNBC Business
May 12, 2025

GM hires ex-Tesla, Aurora exec as chief product officer
GM has hired Sterling Anderson, a former Tesla executive and co-founder of autonomous vehicle company Aurora Innovation, as its chief product officer.

CNBC Business
May 12, 2025

NBC taps Michael Jordan as NBA contributor
In July, NBC inked an 11-year deal with the NBA to broadcast games across NBC Sports and Peacock starting this fall.

CNBC Business
May 12, 2025

Fox streaming service to be called Fox One, launch before NFL season
Fox CEO Lachlan Murdoch announced on Monday the media company's upcoming streaming service, named Fox One, will launch ahead of the NFL season.

CNBC Business
May 12, 2025

Trump signs order aiming to cut some U.S. drug prices to match lower ones abroad
The order is a blow to the pharmaceutical industry, which is already bracing for Trump's planned tariffs on prescription drugs.

CNBC Business
May 12, 2025

Trump to sign order to cut some U.S. drug prices to match those abroad
The order is a blow to the pharmaceutical industry, which is already bracing for Trump's planned tariffs on prescription drugs.

CNBC Business
May 11, 2025

Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround
Walgreens is expanding the number of its retail stores served by its micro-fulfillment centers as it works to turn itself around and prepares to go private.

CNBC Business
May 11, 2025

Trump's trade war is giving renewed importance to advertising Upfronts
Media advertising chiefs say chief marketing officers across industries are making contingency plans in light of the trade war.

CNBC Business
May 10, 2025

A rare platinum Rolex is heading to auction and could fetch $1.7 million
A rare 1999 platinum Rolex Daytona, a one-of-a-kind private commission, could fetch $1.7 million at Sotheby's as luxury watch demand surges globally.

CNBC Business
May 09, 2025

ESPN will call its forthcoming flagship streaming app simply 'ESPN,' sources say
ESPN decided to name the streaming application "ESPN" to simplify what has become a confusing streaming landscape.

CNBC Business
May 09, 2025

Something 'striking' is happening with apartment renters
More renters are choosing to stay in their apartments when their leases are up.

CNBC Business
May 09, 2025

Newark air traffic controllers lost contact with planes again in overnight outage
An unclean sweep; quite an education; Ferrari fever; and other highlights of recent tax cases.

CNBC Business
May 09, 2025

Startup Teal Health wins FDA approval for at-home test for cervical cancer screening
In clinical trials, the accuracy of self-testing with Teal's wand matched that of a cancer screening performed in a doctor's office.

CNBC Business
May 09, 2025

Candy giant Ferrero adds American twists to Nutella, Ferrero Rocher to fuel U.S. growth
Ferrero has been investing in growing its U.S. sales for the last decade through an acquisition spree and introducing its iconic brands to consumers stateside.

CNBC Business
May 08, 2025

The AI startup that stood out in an otherwise drab month for family office deals
Billionaire family offices including Ray Dalio's have flocked to SandboxAQ.

CNBC Business
May 08, 2025

Saudi sovereign wealth fund PIF deepens investment in women's professional golf
The Public Investment Fund will become the title partner of five events that will take place on the the Ladies European Tour.

CNBC Business
May 08, 2025

Bill Gates doubles giving to $200 billion, says philanthropists can't cover government cuts
The Microsoft billionaire criticized Elon Musk for his role in crucial cuts to foreign aid.

CNBC Business
May 08, 2025

Krispy Kreme stock plunges after doughnut chain pauses McDonald's rollout, pulls outlook
Krispy Kreme is pausing its nationwide rollout with McDonald's to focus on profitability.

CNBC Business
May 08, 2025

Family offices still betting on AI startups during deal slowdown
Billionaire family offices including Ray Dalio's have flocked to SandboxAQ.

CNBC Business
May 08, 2025

Restaurant Brands earnings miss as Burger King, Popeyes and Tim Hortons post same-store sales declines
Restaurant Brands International missed first-quarter earnings and revenue estimates as same-store sales fell at Burger King, Popeyes and Tim Hortons.

CNBC Business
May 08, 2025

FC Mother wants to leverage global soccer fandom to improve maternal health
The organization is kicking off what it's calling the "World Cup of Healing" — a competition that measures health outcomes of the participating women.

CNBC Business
May 07, 2025

Saudi sovereign wealth fund deepens investment in women's professional golf
The Public Investment Fund will become the title partner of five events that will take place on the the Ladies European Tour.

CNBC Business
May 07, 2025

March Madness drags down Flutter first-quarter results
CEO Peter Jackson said he anticipates customers will maintain their spending on online sports and casino games amid global economic concerns

CNBC Business
May 07, 2025

Carvana's record quarterly results top Wall Street expectations
Carvana's first-quarter results easily topped Wall Street's expectations as the company reported record sales.

CNBC Business
May 07, 2025

Netflix unveils revamped homepage and app with OpenAI-powered search tool
The new features will include more visible shortcuts to finding content and real-time recommendations that respond to viewers' moods and interests.

CNBC Business
May 07, 2025

Why U.S. air traffic control is stretched so thin — and the fight to fix it
An outage of radio and radar systems controllers use to guide planes into Newark last week exposed decades of underinvestment and staffing shortages.

CNBC Business
May 07, 2025

Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs
Manheim's Used Vehicle Value Index that tracks used vehicle prices sold at U.S. wholesale auctions increased 4.9% last month to its highest level since 2023.

CNBC Business
May 07, 2025

Disney shares climb 10% on surprise uptick in streaming subscribers, earnings beat
Disney upped some of its fiscal 2025 guidance and posted revenue growth in all three of its business segments.

CNBC Business
May 07, 2025

Disney announces an Abu Dhabi theme park and resort
The Abu Dhabi park will be Disney's seventh theme park resort and it will be fully developed and built by partner Miral.

CNBC Business
May 07, 2025

Disney reports surprise uptick in streaming subscribers, beats on top and bottom lines
Disney upped some of its fiscal 2025 guidance and posted revenue growth in all three of its business segments.

CNBC Business
May 07, 2025

Banks are keeping credit card rates high even after the CFPB rule they blamed for high APRs was killed
Retail cards hit a record high average interest rate of 30.5% last year, and rates have stayed close to those levels this year.

CNBC Business
May 07, 2025

Here's what to expect when Disney reports earnings before the bell
Disney will report its fiscal second-quarter earnings before the bell on Wednesday.

CNBC Business
May 06, 2025

Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures
Rivian's new guidance includes deliveries of between 40,000 units and 46,000 units and expenditures of between $1.8 billion and $1.9 billion.

CNBC Business
May 06, 2025

Former LPGA golfer Michelle Wie West invests in women's sports company Togethxr
CNBC caught up with former LPGA star Michelle Wie-West about retirement and her passion for pushing women's sports forward.

CNBC Business
May 06, 2025

Comcast's cable spinoff to be named Versant, picked to emphasize corporate versatility
Comcast's SpinCo, which will include USA, MSNBC, CNBC and E!, will be renamed Versant to emphasize corporate versatility and adaptability, the company said.

CNBC Business
May 06, 2025

Comcast's Xfinity Mobile takes over naming rights of Philadelphia arena
Comcast's Xfinity Mobile will become the new name of the Wells Fargo Center in Philadelphia, which is home to the NHL's Flyers and NBA's 76ers.

CNBC Business
May 06, 2025

Luxury carmaker Ferrari warns of U.S. tariff risks after 17% jump in first-quarter profit
Luxury carmaker Ferrari on Tuesday reported a significant upswing in first-quarter profit, citing robust demand for personalized vehicles.

CNBC Business
May 06, 2025

Mattel CEO says toy manufacturing won't come to America, but price hikes will
Mattel CEO Ynon Kreiz says toy manufacturing won't come to America, but price increases will.

CNBC Business
May 06, 2025

Hispanic shoppers are spending less on groceries, putting pressure on consumer companies
Coca-Cola, Constellation Brands and Colgate-Palmolive reported that Hispanic consumers are spending less, which weighed on their North American sales.

CNBC Business
May 05, 2025

Newark air traffic controllers couldn't see or talk to planes, leading to last week's airport meltdown
The FAA said air traffic controllers took time off to recover from the stress of the event.

CNBC Business
May 05, 2025

Trump signs order to boost domestic drug manufacturing as pharma tariffs loom
The order comes ahead of Trump's planned tariffs on pharmaceuticals imported into the U.S.

CNBC Business
May 05, 2025

Air traffic controllers couldn't see or talk to planes in equipment failure that led to Newark meltdown
The FAA said air traffic controllers took time off to recover from the stress of the event.

CNBC Business
May 05, 2025

Skechers to be acquired by 3G Capital in take-private deal, shares soar 24%
Footwear giant Skechers will be acquired by 3G Capital for $63 per share, a 30% premium to its current valuation on the public markets.

CNBC Business
May 05, 2025

Trump signs order to boost domestic drug manufacturing as pharma tariff threat looms
The order comes ahead of Trump's planned tariffs on pharmaceuticals imported into the U.S.

CNBC Business
May 05, 2025

Ford suspends 2025 guidance amid $2.5 billion tariff impact
Ford Motor beat Wall Street's first-quarter expectations, but suspended its 2025 financial guidance amid an expected $2.5 billion impact this year from tariffs.

CNBC Business
May 05, 2025

FanDuel Sports Network touts streaming subscriber growth for regional games
FanDuel Sports Network, the company behind regional channels for 30 NBA, NHL and MLB teams, now counts 650,000 paid streaming subscribers.

CNBC Business
May 05, 2025

Ford Motor is set to report earnings after the bell. Here's what Wall Street expects
Wall Street analysts expect Ford to report adjusted earnings per share of 2 cents and automotive revenue of $36.21 billion.

CNBC Business
May 05, 2025

Hollywood studio stocks briefly fall after Trump proposes foreign film tariff
Shares of Netflix, Disney, WBD, Paramount and Comcast fell after President Donald Trump proposed a tariff on films shot outside the U.S.

CNBC Business
May 05, 2025

Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%
Footwear giant Skechers will be acquired by 3G Capital for $63 per share, a 30% premium to its current valuation on the public markets.

CNBC Business
May 05, 2025

MLS sponsorships spike as U.S. soccer gains popularity
The addition of soccer superstar Lionel Messi has helped boost the league, and the upcoming 2026 World Cup is expected to give a lift to fandom in the U.S.

CNBC Business
May 05, 2025

Hollywood studio stocks fall after Trump proposes foreign film tariff
Shares of Netflix, Disney, WBD, Paramount and Comcast fell in premarket hours after President Donald Trump proposed a tariff on films shot outside the U.S.

CNBC Business
May 05, 2025

MLS signs a deal with EA to stream four soccer matches on mobile gaming platform
MLS games will be offered on EA's mobile platform in the coming months, as the U.S.' top soccer league looks to expand its audience.

CNBC Business
May 05, 2025

Inside GM's decade-long battle to revive Cadillac as the quintessential American luxury car brand
Here's how the brand is trying to get its portfolio back into shape and boost its status in the competitive luxury vehicle market.

CNBC Business
May 04, 2025

'Dumpster fire': Retailers urge shoppers to buy now before tariffs raise prices
Retailers contending with the effects tariffs will have on their businesses are urging consumers to buy now in a bid to boost sales before spending drops.

CNBC Business
May 03, 2025

Trump's China tariffs are raising costs for wedding dresses and threatening the small shops that sell them
The higher duties on bridal gowns and special occasion dresses have raised costs for boutiques and designers across the country.

CNBC Business
May 02, 2025

United cuts Newark schedule after hundreds of flight disruptions, blaming FAA staffing, technology problems
United Airlines said FAA staffing and technology problems have contributed to hundreds of flight delays this week.

CNBC Business
May 02, 2025

Footwear giants Nike, Adidas and others ask Trump for tariff exemption
Nike, Adidas and Skechers co-signed a footwear industry letter to President Donald Trump this week asking him to exempt shoes from his broad tariffs.

CNBC Business
May 02, 2025

Newark flight disruptions pile up as United Airlines blames FAA staffing, technology
United Airlines said FAA staffing and technology problems have contributed to hundreds of flight delays this week.

CNBC Business
May 02, 2025

Netflix stock is trading at all-time-high levels in unprecedented win streak
Netflix's stock has traded for 11 straight days without a decline, the company's longest positive run ever.

CNBC Business
May 02, 2025

Netflix stock is trading at all-time high levels in unprecedented win streak
Netflix's stock has traded for 11 straight days without a decline, the company's longest positive run ever.

CNBC Business
May 02, 2025

American Airlines to debut new suites with sliding doors after delays
American Airlines unveiled the suites' design in September 2022 but was hit with delays from suppliers.

CNBC Business
May 02, 2025

Churchill Downs CEO says interest in the Kentucky Derby is strong despite global uncertainty
The running of the 151st Kentucky Derby takes place this weekend amid a backdrop of global uncertainty.

CNBC Business
May 01, 2025

L3 Harris tapped to modify Qatari jet as potential new Air Force One after years of Boeing delays
L3Harris Technologies has been contracted to modify a used Qatari Boeing 747 as a possible replacement for Air Force One.

CNBC Business
May 01, 2025

Amazon is stepping up to fill a gap in Hollywood's movie slate
Amazon MGM Studios is revving up to release more than a dozen films in 2026, helping to bolster Hollywood's annual movie slate.

CNBC Business
May 01, 2025

Automakers report significant April sales increases amid tariff fear-buying, but the good times may not last
The tariff fear-buying began in late-March and continued into April, but slowed toward the end of the month.

CNBC Business
May 01, 2025

Eli Lilly CEO says company can help 'respond' to national security concerns around essential drugs as tariffs loom
Ricks said reshoring manufacturing capacity for older essential medicines is "a valid thing," adding that Eli Lilly is "happy to help."

CNBC Business
May 01, 2025

Mercedes-Benz to add new vehicle to Alabama plant amid Trump tariffs
Mercedes-Benz on Thursday said it will add a new vehicle to its plant in Alabama amid President Donald Trump's auto tariff.

CNBC Business
May 01, 2025

Eli Lilly sales soar 45% on weight loss drug demand, but drugmaker cuts profit outlook after cancer treatment deal
Eli Lilly said sales of weight loss drug Zepbound and diabetes treatment Mounjaro surged in the first quarter.

CNBC Business
May 01, 2025

Billionaire Lukas Walton names new CIO for his family office
Noelle Laing will take the reins after managing the firm's $1.7 billion endowment for philanthropy.

CNBC Business
May 01, 2025

GM lowers 2025 guidance, citing up to $5 billion in tariff exposure
GM on Thursday lowered its 2025 earnings guidance to include a possible $4 billion to $5 billion impact as a result of President Donald Trump's auto tariffs.

CNBC Business
May 01, 2025

McDonald's reports largest U.S. same-store sales decline since 2020
McDonald's narrowly beat on earnings per share for the first quarter, but fell short on revenue.

CNBC Business
May 01, 2025

How wealthy horse owners finance their passion and potentially earn millions
The Kentucky Derby's first place prize is $3.1 million, but track winnings aren't the most lucrative part of race horse ownership.

CNBC Business
May 01, 2025

CVS tops estimates, hikes guidance as insurance business shows some improvement
The company now expects full-year adjusted earnings of $6 to $6.20 per share, up from a previous guidance of $5.75 to $6 per share.

CNBC Business
May 01, 2025

CVS to boost access to Novo Nordisk's weight loss treatment Wegovy for patients on its drug plans
Starting July 1, Caremark will prioritize Wegovy on its formulary, making the weekly injection more accessible to its members.

CNBC Business
May 01, 2025

McDonald's is about report earnings. Here's what to expect
Shares of McDonald's have climbed 15% this year, raising its market value to nearly $26 billion.

CNBC Business
Apr 30, 2025

RFK Jr. is gutting minority health offices across HHS that are key to reducing health disparities
The cuts have hit most of the eight minority health offices across HHS, in many cases laying off the majority of workers, if not all of them, sources said.

CNBC Business
Apr 30, 2025

Ford CEO says Trump's tariff reprieve is helpful, but more changes needed
Ford CEO Jim Farley said it's "essential" for U.S. policies to encourage exports as well as reward companies, such as Ford, for their American production

CNBC Business
Apr 30, 2025

Dollar General is one of the best stock performers of Trump's first 100 days
Analysts say a market rotation to defensive stocks and Dollar General's lower exposure to China tariffs have boosted the stock.

CNBC Business
Apr 30, 2025

Yum Brands revenue misses as Pizza Hut's same-store sales fall 2%
Yum Brands, the parent of KFC, Pizza Hut and Taco Bell, said sales rose 12% in the first quarter.

CNBC Business
Apr 30, 2025

GLP-1s can help employers lower medical costs in 2 years, new study finds
As broader approval for GLP-1 weight loss drugs spurs higher demand, it's also causing employer drug spending to spike.

CNBC Business
Apr 29, 2025

Starbucks stock falls as sales disappoint, turnaround pressures earnings
Shares of Starbucks have fallen 8% this year, as investors worry about tariffs and how they will affect consumer spending.

CNBC Business
Apr 29, 2025

Novo Nordisk opens weight loss drug Wegovy to telehealth; Hims & Hers shares rocket 23%
Novo Nordisk is racing to capture more patients now that many compounding pharmacies are restricted from making Wegovy copycats, with rare exceptions.

CNBC Business
Apr 29, 2025

Oddity Tech soars 15% after it raises outlook despite tariff threat
Il Makiage owner Oddity Tech saw another quarter of outsized growth, leading it to raise its guidance even as the threat of tariffs swirl.

CNBC Business
Apr 29, 2025

Starbucks earnings miss, but coffee chain says it's seeing 'momentum' with turnaround
Shares of Starbucks have fallen 8% this year, as investors worry about tariffs and how they will affect consumer spending.

CNBC Business
Apr 29, 2025

Trump signs order easing some auto tariffs
The measures Tuesday aim to reduce the overall tariff level on vehicle imports that had resulted from separate levies "stacking" on top of one another.

CNBC Business
Apr 29, 2025

Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D
It comes as drugmakers brace for Trump's levies on pharmaceuticals imported into the U.S. - his administration's bid to boost manufacturing in the country.

CNBC Business
Apr 29, 2025

JetBlue to partner with another U.S. airline in the coming weeks, president says
JetBlue plans to partner with a U.S. carrier in the coming weeks.

CNBC Business
Apr 29, 2025

Novo Nordisk opens weight loss drug Wegovy to telehealth; Hims & Hers shares rocket 18%
Novo Nordisk is racing to capture more patients now that many compounding pharmacies are restricted from making Wegovy copycats, with rare exceptions.

CNBC Business
Apr 29, 2025

Novo Nordisk opens weight loss drug Wegovy to telehealth; Hims & Hers shares rocket 30%
Novo Nordisk is racing to capture more patients now that many compounding pharmacies are restricted from making Wegovy copycats, with rare exceptions.

CNBC Business
Apr 29, 2025

United Airlines grows highest-end Polaris airport lounge by 50% in battle for wealthy customers
United has been expanding its Polaris lounges in Chicago and Newark to fit more customers.

CNBC Business
Apr 29, 2025

General Motors beats Wall Street estimates, reassesses full-year guidance amid auto tariffs
Wall Street analysts expect adjusted earnings per share of $2.74 and revenue of $43.05 billion.

CNBC Business
Apr 29, 2025

SoFi CEO says fintech bank is bringing back crypto investing
SoFi was forced to drop crypto investing in late 2023 as part of becoming a regulated bank.

CNBC Business
Apr 29, 2025

Pfizer expands cost cuts, tops quarterly profit estimates even as sales fall
The cuts aim to help Pfizer recover from the rapid decline of its Covid business and stock price over the last few years, and appear to be paying off.

CNBC Business
Apr 29, 2025

General Motors is set to report earnings before the bell. Here's what Wall Street expects
Wall Street analysts expect adjusted earnings per share of $2.74 and revenue of $43.05 billion.

CNBC Business
Apr 28, 2025

Donald Trump Jr. co-founds new private members club, Executive Branch, with a $500,000 fee
Executive Branch held a launch party that included members of President Donald Trump's administration as well as wealthy CEOs, tech founders and policy experts.

CNBC Business
Apr 28, 2025

NFL's Washington Commanders return to D.C. in $3.7 billion stadium deal
The Washington Commanders will return to the District of Columbia and redevelop their former RFK Stadium campus, the team announced.

CNBC Business
Apr 28, 2025

Temu adds 'import charges' of about 145% after Trump tariffs, more than doubling price of many items
Temu, which sold customers on the ability to "shop like a billionaire" started adding "import charge" to orders in response to Trump's tariffs on China.

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