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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
Union Pacific Picks New CEO
The railroad company named veteran rail executive Jim Vena chief executive, after a major shareholder called for the current CEO’s removal. Source link
AT&T Expands Cost-Cutting by $2 Billion
AT&T’s wireless profit center kept growing in the second quarter, prompting executives to back an upbeat estimate of earnings through the end of the year.
Boeing Reports $149 Million Loss as Defense Charges Pile Up
The aerospace giant said it is increasing jetliner production as planned while reducing its debt. Source link
The Luxury Home Market Confronts Its New Reality: Not Enough Buyers and Sellers
Listen to article (2 minutes) When Joan Dangerfield, wife of the late comedian Rodney Dangerfield, first walked into her Los Angeles home in the early
Snap Revenue Falls Amid Efforts to Retool Advertising Business
The owner of Snapchat reported progress in the overhaul of its ads platform but offered a cloudy outlook for the current quarter. Source link
Stock Market Shrugs Off Recession Signals as Rally Builds
The S&P 500 is trading near its highest level since April 2022 as hopes grow for a soft economic landing. Source link
Verizon Promises Turnaround Amid Lull in Smartphone Upgrades
Over-the-air broadband service and higher fees helped boost the telecom giant’s wireless service revenue. Source link