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Breaking News: Business

Paramount sweetens WBD bid, but stops short of raising its per-share value

by InfoVera Team
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Paramount Skydance said Tuesday it has sweetened its offer for Warner Bros. Discovery, adding a so-called ticking fee to signal regulatory confidence among other new elements. Paramount stopped short, however, of raising its per-share offer to WBD shareholders. In December, Paramount launched a hostile tender offer for the entirety of Warner Bros. Discovery at $30 …

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U.S. urges ships to stay ‘as far as possible’ from Iran’s waters in Strait of Hormuz after boarding attempts

by InfoVera Team
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An Islamic Revolutionary Guard Corps (IRGC) speed boat sailing along the Persian Gulf near a cargo vessel. Nurphoto | Nurphoto | Getty Images U.S.-flagged ships have been advised to stay “as far as possible” from Iranian waters when navigating the Strait of Hormuz as tensions between Washington and Tehran remain elevated. In a notice issued …

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Coca-Cola shares fall 3% after company forecasts modest growth amid demand concerns

by InfoVera Team
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Cases of Coca-Cola brand soda are stacked at a Costco Wholesale store on November 13, 2025 in Simi Valley, California. Kevin Carter | Getty Images Coca-Cola on Tuesday reported mixed quarterly results, although demand for its drinks in North America and Latin America is beginning to show signs of improvement. Looking ahead to 2026, the …

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CVS tops quarterly estimates, reaffirms profit outlook as turnaround plan takes effect

by InfoVera Team
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A pedestrian walks by a CVS store in Greenbrae, California, on July 31, 2025. Justin Sullivan | Getty Images CVS Health on Tuesday reported fourth-quarter earnings and revenue that beat estimates and reaffirmed the 2026 profit guidance that impressed investors, signaling steady progress in the health-care giant’s turnaround plan.  “’24 was a tough year for …

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Gucci-owner Kering jumps 10% as new CEO maps revival, sales beats estimates

by InfoVera Team
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Customers shop at a GUCCI luxury store in Shanghai, China. Cfoto | Future Publishing | Getty Images Kering said it expects a return to growth this year even as it posted another quarter of sales declines on Tuesday, with its biggest sales driver, Gucci, continuing to lag in new CEO Luca de Meo’s first quarter …

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Target steps up investment in store staffing, cuts about 500 other roles to help fix customer experience

by InfoVera Team
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Target said Monday that it’s stepping up store staffing, but eliminating about 500 jobs in distribution centers and regional offices as it tries to win back shoppers who have complained about sloppier shelves, out-of-stock items and longer checkout lines. In an internal employee memo obtained by CNBC, the big-box retailer said it’s making changes to …

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FDA says Novo Nordisk’s TV ad for obesity pill includes ‘false or misleading’ claims

by InfoVera Team
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A box of Wegovy pills arranged at a pharmacy in Provo, Utah, US, on Thursday, Jan. 15, 2026. George Frey | Bloomberg | Getty Images The Food and Drug Administration said Novo Nordisk‘s TV advertisement for its newly launched Wegovy pill for obesity included “false or misleading” claims about the medicine’s abilities and benefits to …

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Novo Nordisk sues Hims & Hers over cheaper copycat versions of Wegovy pill, injections

by InfoVera Team
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The logo of pharmaceutical company Novo Nordisk is displayed in front of its offices in Bagsvaerd, Copenhagen, Denmark, February 4, 2026. Tom Little | Reuters Novo Nordisk on Monday said it is suing online telehealth provider Hims & Hers for mass marketing cheaper, unapproved copies of the drugmaker’s new Wegovy obesity pill and injections in …

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Super Bowl 60 is set to kick off with a packed ad slate, Bad Bunny halftime and prediction markets at the fore

by InfoVera Team
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Unilever makes its biggest-ever Super Bowl buy as U.S. becomes center of its business Dove logo is seen on the product packaging at the shop in Krakow, Poland on January 17, 2022.  Nurphoto | Getty Images For the first time ever, Unilever plans to run three separate ads during this year’s big game, showing the …

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Hims & Hers pulls copycat weight-loss pill after threats of legal action

by InfoVera Team
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Piotr Swat | Lightrocket | Getty Images Hims & Hers on Saturday said that it will pull its copycat weight-loss pill off the market after sparking controversy and threats of legal action earlier this week. “Since launching the compounded semaglutide pill on our platform, we’ve had constructive conversations with stakeholders across the industry,” the telehealth …

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