In an unprecedented move, the Federal Trade Commission (FTC) has initiated legal action against Deere & Company, a giant in the agricultural equipment sector, citing concerns about monopolistic practices regarding repair services. This lawsuit, which also features participation from the states of Illinois and Minnesota, accuses Deere of impeding farmers’ abilities to repair their own
Business
Eli Lilly, a prominent player in the pharmaceutical industry, has made headlines recently for revising its revenue projections. On a Tuesday announcement, the company revealed that its anticipated sales figures for weight loss and diabetes medications fell short of earlier expectations, prompting a downward adjustment in its revenue guidance. This news had an immediate impact,
As the holiday season approaches its peak, data emerging from major retail players in the United States paints a complex picture. While brands like Lululemon, Abercrombie & Fitch, and American Eagle have reported better-than-expected sales, the markets have responded with skepticism, leading to a decline in their stock prices. The turmoil reflects a growing unease
The home goods e-commerce giant Wayfair has recently announced a significant decision to exit the German market, a move that will consequently result in the loss of approximately 730 jobs, which accounts for about 3% of its entire global workforce. This shift is part of the company’s broader strategy to focus on growth opportunities that
As we enter 2025, travelers planning to venture into international destinations are in an advantageous position. According to recent insights from Hopper, a flight-tracking platform, the trend in long-haul flights shows a notable dip in prices compared to the previous year. For those who are willing to explore far-off locales, the savings can be substantial.
In a significant development for the pharmaceutical and healthcare sectors, Medicare has confirmed that Eli Lilly’s weight loss drug Zepbound will now be covered for patients suffering from obstructive sleep apnea (OSA). This decision not only marks a pivotal moment for those impacted by obesity and sleep-related breathing disorders but also illuminates the broader complexities
The recent resignation of Michael Barr, the Federal Reserve’s Vice Chair for Supervision, marks a significant shift in the regulatory landscape for U.S. banks. This change comes at a time when the financial sector is brimming with optimism following the political winds created by the Trump administration. Barr’s early exit, coming approximately 18 months sooner
In a significant shift within the streaming landscape, Disney has announced its decision to merge its Hulu+ Live TV service with FuboTV, creating a robust new entity aimed at redefining internet television offerings. This merger positions Disney as the majority owner, with a 70% stake in Fubo, which underscores the company’s ongoing commitment to expanding
In a sobering revelation, the U.S. Surgeon General, Dr. Vivek Murthy, recently issued a crucial advisory emphasizing the significant correlation between alcohol consumption and an elevated risk of multiple cancers. This announcement highlights a well-documented relationship between drinking alcoholic beverages and at least seven distinct types of cancer, including breast, colorectal, esophageal, and liver cancers.
The financial landscape of the online used-car retailer Carvana has recently come under scrutiny due to a revealing report by Hindenburg Research, a well-known firm specializing in short selling. The allegations presented in this report suggest that Carvana’s much-touted turnaround is superficial, bolstered by dubious financial practices involving questionable loans and alleged accounting irregularities. This