Business News Latest headlines for business news around the world.
- Nike shares fall 9% on weak outlook, expected 20%...at 10:45 pm
Nike has shown some gains in North America, its largest market, amid its turnaround, but the strength was offset by weakness in China.
- Tom Brady, famed health nut, explains his junk...at 8:46 pm
Tom Brady has struck a new partnership with chocolate maker Ferrero pegged to the 2026 World Cup.
- Mercedes U.S. CEO sets ambitious sales goal...at 6:53 pm
Mercedes is investing $4 billion in its Alabama plant through 2030 in a push to increase production as the automaker targets a 28% rise in U.S. car sales.
- Novo Nordisk launches multi-month subscriptions...at 6:10 pm
Longer subscriptions offer lower monthly pricing, with people expected to save up to $1,200 a year on the injection and as much as $600 a year on the pill.
- Lilly to spend up to $7.8 billion to acquire...at 5:13 pm
Centessa is one of several companies working on a new class of drugs to treat narcolepsy, a condition that makes it difficult for people to stay awake.
- 'Project Hail Mary' is the box office proof point...at 4:53 pm
Amazon and MGM promised to spend around $1 billion each year on theatrical releases, a figure that would fund between 12 and 15 films annually.
- McCormick buys Unilever's food business in deal...at 3:21 pm
McCormick will pay a combination of cash and equity to expand further into condiments and spreads.
- Infiniti hopes new SUV can turn around fortunes...at 1:41 pm
Infiniti is releasing a new midsize SUV, the QX65, in an effort to turn around sales in the U.S. market.
