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Nestlé Raised Prices More Than 9% in First Half of the Year
The world’s largest packaged food company said price hikes boosted sales and profitability, joining other consumer goods companies. Source link
Netflix Reworks Microsoft Pact and Lowers Ad Prices
The streaming company is asking advertisers for patience as it tries to jump-start its $6.99 a month ad tier. Source link
Mattel Needs Barbie's Movie Magic to Lift Toy Sales
Partnerships and marketing blitz aim to power company past decline in quarterly sales and earnings. Source link
Trucker Yellow Prepares to File for Bankruptcy as Customers Flee
Trucking company Yellow is preparing to file for bankruptcy, according to people familiar with the matter, heightening the threat that one of the nation’s largest freight
Justice Department and EPA Probe Telecom Companies Over Lead Cables
EPA demands data under “Superfund” law, prompted by WSJ articles. Source link
Hedge Funds Seek to Cut Off $1 Billion Meant for Opioid Victims
Drugmaker Mallinckrodt is talking to hedge funds about filing for bankruptcy and avoiding payments intended to help people addicted to opioids. Source link
Facebook Parent Meta Expected to Report Sales Growth as Turnaround Continues
The social-media giant has seen a surge after cutting costs and improving ad-targeting. Source link
U.K. Reviews Safety of Ozempic, Other Weight-Loss Drugs
Drug regulators said they have received several reports of suspected suicidal and self-injurious behavior in patients taking the drugs. Source link
Airbus Hits New Supply-Chain Hurdle in Race With Boeing
Engine maker Pratt is recalling 1,200 engines over 12 months just as Airbus is trying to cement its supremacy in narrow-body jets. Source link
Google and Microsoft Paying Big to Play in AI
The tech giants at the forefront of the AI race show recovering growth in their core businesses. Source link