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Facebook Parent Plans Lower Bonus Payouts for Some Staff
Business

Facebook Parent Plans Lower Bonus Payouts for Some Staff

Meta Platforms plans to adjust its performance review process, saying it is ‘optimizing’ for the year ahead. Source link

Drug Middlemen Accused of Price Fixing by Ohio Attorney General
Business

Drug Middlemen Accused of Price Fixing by Ohio Attorney General

The state’s lawsuit alleged certain pharmacy-benefit managers shared drug pricing and other information to gain leverage during rebate negotiations with pharmaceutical companies. Source link

Semiconductor Firms Asked to Submit Financial Projections to Get Chips Act Funds
Business

Semiconductor Firms Asked to Submit Financial Projections to Get Chips Act Funds

WSJ News Exclusive Business Commerce Department will use financial statements to evaluate applications Source link

Uber Eats to Take Down Thousands of Virtual Brands to Declutter the App
Business

Uber Eats to Take Down Thousands of Virtual Brands to Declutter the App

WSJ News Exclusive Tech Company plans to stop allowing restaurants to list multiple brands with the same menu Source link

Axios’s Software Business Raises Cash to Fund AI Expansion
Business

Axios’s Software Business Raises Cash to Fund AI Expansion

WSJ News Exclusive Media & Marketing Axios HQ to use ChatGPT maker OpenAI to improve tools that help clients write emails, headlines Source link

First Republic Bank Founder Earned a Big Payday—as Did His Family Members
Finances

First Republic Bank Founder Earned a Big Payday—as Did His Family Members

First Republic Bank paid family members of its founder, James Herbert, millions of dollars for work at the lender in recent years, including for consulting

American Airlines to Temporarily Suspend Route Due to Boeing Dreamliner Delays
Business

American Airlines to Temporarily Suspend Route Due to Boeing Dreamliner Delays

WSJ News Exclusive Business Airline says it will halt Philadelphia-Madrid route for several weeks in May and early June Source link