Pfizer Announces Discontinuation of Twice-Daily Weight Loss Pill – What You Need to Know

Pfizer Abandons Twice-Daily Weight Loss Pill After Trial Results Pfizer announced on Friday that it would discontinue developing the twice-daily version of its experimental weight loss pill. The decision followed a mid-stage clinical study that showed obese patients taking the drug experienced weight loss but grappled with intolerable side effects. This move has set back …

Read more

Shein Seeks U.S. IPO to Expand Global Fast-Fashion Empire

Shein has confidentially filed to go public and is moving forward with its long-rumored IPO. The retailer was last valued at $66 billion. Shein has tapped Goldman Sachs, JPMorgan and Morgan Stanley to be the lead underwriters on the offering. A Shein Group Ltd. pop-up store inside a Forever-21 store in the Times Square neighborhood …

Read more

Global Smartphone Sales Rebound: Counterpoint Reports End to 2-Year Slump

Market research firm Counterpoint Research reported a 5% year-on-year growth in the global smartphone market in October, marking the first growth after a 27-month contraction. This growth was primarily driven by a resurgence in emerging markets, Huawei’s successful return in China, and Apple’s launch of the iPhone 15 in September. Counterpoint Research anticipates that the …

Read more

Ford’s Michigan EV Battery Plant: Why the Company is Scaling Back Operations

Ford Motor Company is scaling back its $3.5 billion battery plant plans in Michigan as the shift to electric vehicles is slower than expected. This is partly due to rising labor costs and efforts to cut expenses. The decision comes after initial announcements in February to partner with Chinese battery manufacturer Contemporary Amperex Technology Co., …

Read more

Lowe’s reports strong Q3 2023 earnings: A comprehensive analysis

An exterior view of a Lowe’s home improvement store. Lowe’s Companies, Inc. reports quarterly earnings on Tuesday, May 23, 2023. Paul Weaver | Lightrocket | Getty Images In a recent announcement, Lowe’s revealed that its full-year sales outlook has been reduced, citing decreased spending by customers on do-it-yourself projects. Its fiscal third-quarter sales plunged almost …

Read more

Discover Why CEOs are Embracing the Word ‘Choiceful’ in Their Leadership Strategies

CEOs are increasingly using the word “choiceful” to describe consumer spending behavior and their company strategy. In 2023, the term “choiceful” has appeared in 15 quarterly earnings calls for S&P 500 companies, a significant increase from just two mentions in 2021, based on a CNBC analysis of FactSet transcripts. CEOs of major companies like Walmart …

Read more

Sega Considering Bringing Yakuza and Persona to the Big Screen, Sonic the Hedgehog Owner Reveals

Sega’s COO, Shuji Utsumi, plans to expand the company’s iconic intellectual property to other platforms, such as movies, mobile, and Roblox. After the success of Sonic the Hedgehog and Sonic the Hedgehog 2, Sega aims to capitalize on its popular IP by bringing more adaptations to the world. Still from Paramount’s “Sonic the Hedgehog 2.” …

Read more

Explore Home Depot’s Q3 2023 Performance: Growth and Highlights

A Home Depot store in Livermore, California, US, on Thursday, May 12, 2022. Home Depot Inc. is scheduled to release earnings figures on May 17. Photographer: David Paul Morris | Bloomberg | Getty Images Home Depot’s quarterly sales have dropped by 3% compared to the previous year, however, they exceeded Wall Street’s expectations due to …

Read more