Lilly's Next-Gen Obesity Drug Helps People Lose Even More Weight in Study
A drug combination studied in people with Type 2 diabetes lowered blood sugar and helped people lose more weight than with Zepbound alone.
----
Conde Nast CEO Roger Lynch Steps Down to Join Mattel
Lynch takes the reins at the toy maker as it tries to lean in to Hollywood ambitions and become an entertainment company.
----
BMW to Slim Workforce and Boost Efficiencies Through Increased AI Integration
The automaker said the number of divisions and management roles will be cut by 20% over the coming months as it readies for increasingly challenging market conditions.
----
General Mills Taps COO to Helm Its Turnaround
General Mills has named its chief operating officer, Dana McNabb, to succeed Jeff Harmening at the helm of the cereal and packaged-foods maker.
----
Hormel Foods to Buy Brakebush Brothers for About $1.06 Billion
The parent of Spam lunch meat and Skippy peanut butter expects the Brakebush acquisition will expand its position in value-added chicken.
----
Conagra Profit Grows Despite Lower Sales
The food manufacturer, which owns Orville Redenbacher's popcorn and Slim Jim meat sticks, said fiscal first-quarter profit rose to $174.3 million, or 36 cents a share, from $164.5 million, or 34 cents a share, a year earlier.
----
DoorDash Reaches Deals to Sell More Shoes and Clothing
The app, known for delivering food quickly, is joining with companies such as Anthropologie, Timberland and Macy's.
----
Amex Adds AI, Expense Tracking to Corporate Card to Counter Fintech Rivals
American Express has rolled out an expense-management platform with AI features alongside its new corporate card, as the company's corporate business faces mounting competition from fintechs.
----
Cal-Maine Swings to a Loss as Lower Egg Prices Hurt Sales
The egg producer posted a loss of $58.6 million in its fiscal first quarter, compared with a profit of $199.3 million a year ago, as net sales fell 42% to $539.6 million.
----
Apple Launches Mobile Payment Services in India
Users in India can now use Apple Pay on iPhones, iPads and Apple Watches via a partnership with Axis Bank, one of the largest private-sector lenders in the country.
----
Tech Giants Face Questions Over Secret AI Data-Center Deals
Democratic Rep. Jamie Raskin is seeking information from Amazon, Google, Meta and Oracle.
----
Navy Chooses Boeing to Build Next-Generation Jet Fighter
The more than $20 billion award for F/A-XX adds to string of wins for company's defense business.
----
Porsche SE Says German Court Has Dismissed $6.1 Billion Lawsuit Brought by Investors
The court dismissed appeals from hedge funds seeking damages from the company's failed takeover bid for Volkswagen in 2008.
----
Robinhood's Next Big Bet: AI Bots That Trade While You Sleep
The brokerage's app made it easy to trade stocks on a smartphone. Now Robinhood sees AI agents in individual investors' future.
----
Ellison Picks HBO Content Chief to Run Paramount-Warner Streaming Business
Paramount streaming head Cindy Holland is leaving the company, making way for HBO's Casey Bloys.
----
Why Kroger Is Trying to Be More Like Walmart
A hard-charging former Walmart executive who now helms Kroger has brought its emphasis on everyday low prices to his turnaround efforts.