Industry

Pfizer Agrees to Pay $93 Million to Settle Lipitor Cholesterol Drug Antitrust Lawsuit

Pfizer Agrees to Pay $93 Million to Settle Lipitor Cholesterol Drug Antitrust Lawsuit

Pfizer has agreed to pay $93 million to resolve antitrust claims by wholesale drug distributors accusing the pharmaceutical giant of conspiring with India's Ranbaxy Laboratories to delay the sales of cheaper versions of the cholesterol drug Lipitor.


Ford CEO Jim Farley Urges Wall Street to Forget Tesla, Says Ford's 'Pro' Business Is the Auto Industry's Future

Ford Motor CEO Jim Farley told investors on Thursday to forget about Tesla and touted the company's "Pro" fleet business as the future of the automotive industry.

Toast Joins Wave of Tech Layoffs as It Cuts 10% of Its Workforce

Toast announced on Thursday its decision to cut its workforce by 10%, resulting in the termination of 550 employees.

Uber Unveils First-Ever $7 Billion Share Buyback After Strong Recovery in Ride-Share Revenue

Uber Technologies has announced its plan to repurchase up to $7 billion worth of company shares. Uber Technologies announced on Wednesday its plan to repurchase up to $7 billion worth of company shares.


Latest News

Microsoft Creates the 'World's First Floating Xbox Controller' to Celebrate 'Dune: Part Two'
Microsoft has created the "world's first floating Xbox controller" in celebration of the release of "Dune: Part Two" on March 1, alongside a special edition Xbox Series S console.
Elon Musk's X Sued by Its San Francisco HQ Landlord for $13.6 Million, While SpaceX Fined After a Worker Accident
Elon Musk's X, formerly known as Twitter, is facing a lawsuit from the landlord of its San Francisco headquarters who seeks $13.6 million to refill a line of credit after the company allegedly failed to pay rent.
Joe Biden Keeps Donald Trump's China Tariffs Despite Clashing on Many Policy Issues: Here's Why
President Joe Biden has retained the tariffs on imports from China that were imposed during the administration of former President Donald Trump.
LG Chem Signs Deal With GM to Build $3 Billion EV Battery Cathode Factory — the Largest of Its Kind in the US
LG Chem has entered into an agreement with General Motors (GM), which includes a plan to build a massive battery cathode factory in Tennessee.
Joe Biden Calls on Snack Companies to 'Put a Stop' to Shrinkflation Ahead of Super Bowl
President Joe Biden has voiced his concern over "shrinkflation," a business practice that involves cutting product sizes while keeping prices the same.
Biden Administration Unveils $11 Billion Semiconductor R&D Initiative to Create More Jobs for Americans
The Biden administration has announced an $11 billion investment in semiconductor-related research and development and a $5 billion fund to launch the National Semiconductor Technology Center.
US Imposes Sanctions on 4 Entities for Carrying Russian Oil Priced Above the Western Price Cap
The US Treasury Department has imposed sanctions on three UAE-based entities and a Liberian tanker for violating the price cap on Russian oil.
Unilever Unveils New $1.6 Billion Share Buyback Plan After Sales Volumes Rise
Unilever has unveiled a 1.5 billion euro ($1.6 billion) share buyback program for 2024 following an increase in sales volumes for the first time in 10 quarters.
Tesla Job Cuts Feared After Elon Musk's Firm Asks Managers Which Roles Are Most Important
Speculation about potential layoffs at Tesla has surfaced following a report that the electric vehicle maker instructed managers to identify critical roles on their team.
KFC-Parent Yum Brands Sales Miss Wall Street Expectations Amid Cautious US Consumer Spending, Middle East Conflict
Yum Brands, the parent company of fast-food brand KFC, reported lower-than-expected quarterly sales on Wednesday.
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