Costco responds to union: After some of its Virginia workers launched an unexpected move to unionize, Costco Wholesale Corporation came back with an unusual response. The company’s top execs wrote that it was a “failure on our part.” Full story.
CVS drops Humira: CVS Health will no longer include AbbVie’s Humira on most prescription plans and will instead offer less expensive alternatives. The drug, which treats inflammatory conditions, is a top seller, and CVS is the first major benefit manager to shift to alternatives since they became available. The change will take effect in April. Full story.
Jeff Bezos’s new search: San Francisco-based startup Perplexity, which operates an AI-powered search engine, has secured $74 million in funding from a group of investors that includes Amazon founder Jeff Bezos. The company, less than two years old, is one of a number of players betting that artificial intelligence will fundamentally change the way people search the internet. Full story.
Walgreens cuts dividend: Retail pharmacy giant Walgreens posted better-than-expected adjusted earnings on Thursday but said it will cut its dividend in half—from 48 cents to 25 cents a share. The move comes as the company faces pressure to improve its bottom line. Walgreens stock was down more than 11% in early-morning trading on Thursday. Full story.
Zaloguj się, aby dodać komentarz
Inne posty w tej grupie
Child psychologists tell us that around the age of five or six, children begin to seriously contemplate the world around them. It’s a glorious moment every parent recognizes—when young minds start
During January’s unprecedented wildfires in Los Angeles, Watch Duty—a digital platform providing real-time fire data—became the go-to app for tracking the unfolding disaster and is credit
Yahoo’s bet on creator-led content appears to be paying off. Yahoo Creators, the media company’s publishing platform for creators, had its most lucrative month yet in June.
Launched in M
From being the face of memestock mania to going viral for inadvertently stapling the screens of brand-new video game consoles, GameStop is no stranger to infamy.
Last month, during the m
The technology industry has always adored its improbably audacious goals and their associated buzzwords. Meta CEO Mark Zuckerberg is among the most enamored. After all, the name “Meta” is the resi
