Novo Nordisk is facing growing challenges in the obesity treatment market, with its stock down over 50% in the past year. The decline reflects rising competition, unmet expectations for new drugs, and regulatory uncertainty. U.S. based Eli Lilly has gained ground with its drug Zepbound, which shows greater average weight loss than Novo Nordisk’s Wegovy. While Novo Nordisk argues that comparisons are misleading due to dosage differences and...

TotalEnergies has announced a strategic partnership with the Tour de France, securing its position as the official energy sponsor for both the men’s and women’s races from 2026 through 2028. This move marks a significant step in the company’s broader effort to deepen its engagement with the French public and reinforce its visibility across the country. Beginning with the 113th edition of the Tour in 2026, TotalEnergies will...

Mars Incorporated’s proposed $36 billion acquisition of Kellanova, the parent company of Pringles and Kellogg’s cereals, is facing a formal investigation by the European Commission (EC)

American Express is set to launch a significant refresh of its U.S. Consumer and Business Platinum Cards later this year, marking the largest investment in the product’s history.

Dutch technology investor Prosus NV (XAMS-PRX) disclosed that its core headline earnings for the full year reached $7.4 billion, marking a 47% increase compared to the previous year and surpassing its financial goals, thanks to its growth in lifestyle e-commerce.

Etihad Airways (XADS-ETIHAD) has confirmed its readiness to go public, with the final decision now resting in the hands of its shareholders. Group CEO Antonoaldo Neves stated that while no official date has been set for the initial public offering (IPO), the airline is fully prepared to proceed once it receives the green light. “We’re IPO-ready. The moment our shareholders decide, we can move forward,” Neves said during...

Swedish fintech company Klarna has announced its entry into the U.S. mobile services market with the launch of a new unlimited 5G plan, priced at $40 per month. This move places Klarna among a growing number of financial technology firms expanding into telecommunications to diversify their revenue streams. The mobile plan will be powered by Gigs, a U.S.-based startup backed by Google. Gigs enables companies to become mobile...

Nissan Motor is reportedly preparing to reduce its equity stake in long time alliance partner Renault, according to a report by the Nikkei. The move would align with the automaker’s strategy to reallocate capital toward new vehicle development amid a challenging global automotive landscape. Currently holding a 15% stake in Renault, Nissan is considering selling approximately 5%, which could generate around 100 billion yen (roughly $640 million) based...

STARBUCKS CORPORATION (XNAS:SBUX) is seeing renewed investor interest, with shares climbing over 4% to surpass $95 levels not seen since April. The stock is now approaching the $100 mark it last held in March before broader market pressures, including new tariffs, triggered a decline below $80. The rally comes amid a mix of positive developments. Citi analysts raised their price target for Starbucks from $84 to $95, aligning...

Roblox Corporation (XNYS: RBLX) is aiming to capture a significant slice of the $190 billion global gaming industry. Cofounder and CEO Dave Baszucki recently shared the company’s ambitious goal of having 10% of the gaming market operate on the Roblox platform. “We’re seeing more engaging content and a broader demographic reach,” Baszucki said, pointing to the company’s efforts to build a more diverse and global ecosystem of creators...

Michelin has announced plans to close its tire manufacturing facility in Queretaro, Mexico, by the end of 2025. The move comes as the company adapts to evolving market demands in the passenger car and light truck segment. The closure will impact approximately 480 employees. According to Michelin, the decision was made as a “last resort” due to the plant’s inability to meet current market requirements. The facility, one...

In a recent legal development, Reddit has filed a lawsuit against the artificial intelligence firm Anthropic, citing unauthorized data collection practices. The suit, lodged in California Superior Court in San Francisco, accuses Anthropic of deploying automated tools to extract user generated content from Reddit without proper consent. Reddit asserts that Anthropic utilized automated bots to access and harvest user comments, contravening explicit directives to refrain from such activities....

The Walt Disney Company has confirmed another round of global layoffs, affecting several hundred employees across its film, television, and finance divisions. This move is part of the entertainment conglomerate’s ongoing efforts to adapt to rapid changes in the media landscape, particularly the shift from traditional cable television to digital streaming platforms. A company spokesperson stated that Disney is “continually assessing how to manage operations efficiently while maintaining...

Shares of Chinese electric vehicle giant BYD Co. (1211.HK) have fallen over 17% in the past week, as investor concerns mount over the sustainability of its aggressive pricing strategy and the potential for increased regulatory intervention. The decline follows critical commentary from Chinese state media and industry regulators. The People’s Daily, a key publication aligned with the Chinese Communist Party, warned that unchecked price competition could destabilize supply...

Google’s dominance in the online search market is under intense legal scrutiny as U.S. District Judge Amit Mehta prepares to issue a ruling that could reshape the company’s core business. The decision follows the conclusion of the remedies phase in a landmark antitrust case brought by the U.S. Department of Justice (DOJ), which previously found Google in violation of antitrust laws related to its search and search advertising...

Ford Motor Company’s $3 billion electric vehicle (EV) battery plant in Marshall, Michigan, is facing significant uncertainty following the passage of a tax reform bill by the U.S. House of Representatives. The legislation proposes eliminating key federal tax credits for EV batteries that involve Chinese technology, a move that could directly impact the viability of Ford’s nearly completed facility. Executive Chair Bill Ford expressed concern that the removal...

In a significant development nearly ten years after the diesel emissions scandal first came to light, a German court has convicted four former Volkswagen executives for their roles in the company’s emissions fraud. The verdict, delivered by the regional court in Braunschweig, marks a major milestone in the long-running legal reckoning for one of the auto industry’s most damaging corporate scandals. Two of the former managers received prison...

OpenAI has announced the establishment of its first office in Seoul, marking a significant step in its global expansion strategy. The move comes as South Korea emerges as one of the most active markets for the company’s flagship product, ChatGPT. According to OpenAI, South Korea ranks second only to the United States in terms of paid ChatGPT subscriptions. This growing user base has prompted the company to formalize...

Bayer shares advanced on the Frankfurt Stock Exchange after receiving a key endorsement from the European Medicines Agency (EMA) for its eye drug Eylea. The EMA’s Committee for Medicinal Products for Human Use (CHMP) issued a positive opinion supporting the use of an 8 mg dose with extended treatment intervals of up to six months. This update applies to two serious retinal conditions: neovascular (wet) age-related macular degeneration...

Oil prices surged on Wednesday following reports that Israel may be preparing for a military strike on Iranian nuclear facilities, according to new U.S. intelligence cited by CNN. The news sent Brent crude above $66 per barrel, while West Texas Intermediate (WTI) rose as much as 3.5% before easing slightly. The potential for conflict has reignited concerns over stability in the Middle East, a region that supplies roughly...

Deere & Company announced impressive second-quarter earnings on Monday, exceeding market expectations despite lowering the lower end of its full-year net income forecast due to challenging market conditions. Following the announcement, the agricultural equipment maker’s stock saw a modest 1% increase. Despite a 21% year-over-year decline in sales within its Production & Precision Agriculture segment, Deere maintained robust operating margins across its key divisions. John May, chairman and...

Meta Platforms, a global technology company, is facing potential legal action from Austrian advocacy group NOYB over its plan to use European users’ personal data to train its AI models. NOYB, led by privacy activist Max Schrems, has announced its intention to seek an injunction against Meta, arguing that the company’s approach could lead to substantial claims if it proceeds with its data collection strategy. Meta plans to...