Thursday, May 26, 2022
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Business, Finance & Economics

Walmart, CVS to Stop Filling Controlled-Substance Prescriptions for Cerebral, Done

CVS Health and Walmart will stop filling prescriptions for controlled substances ordered by clinicians working for Cerebral Inc. and Done Health, the broadest curbs yet by major pharmacies against the telehealth companies following scrutiny of their prescription practices.A...

Nvidia Posts Record Sales, Warns of Russia, China Hit

Graphics-chip maker Nvidia gave a muted sales outlook, citing supply-chain disruptions in China and reduced business in Russia, as it posted record sales for the most recent quarter.Nvidia said sales in the current quarter are likely to come...

Wendy’s Largest Shareholder Trian Explores Burger-Chain Deal

Trian Fund Management LP, Wendy’s Co. ...

Lyft to Pause Some Hiring and Trim Budgets, Citing Economic Slowdown

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Airbnb to Quit China Business as Harsh Lockdowns, Competition Weigh on Demand

Airbnb plans to close its domestic business in China after harsh Covid-19 lockdowns compounded the pain from mounting local competition, according to people familiar with its decision.Bookings of stays and experiences in China typically account for about 1%...

Activision Blizzard Employees Vote to Form the Videogame Company’s First Union

A small number of workers at one of Activision Blizzard Inc.’s studios has voted in favor of unionizing with the Communications Workers of America, a first for a major U.S. videogame publisher and another example of new groups...

Apple Looks to Boost Production Outside China

TOKYO—Apple has told some of its contract manufacturers that it wants to boost production outside China, citing Beijing’s strict anti-Covid policy among other reasons, people involved in the discussions said.India and Vietnam, already sites for a small portion...

The Market Is Melting Down and People Are Feeling It. ‘My Stomach Is Churning All Day’

The last time Todd Jones heard this kind of panic in his clients’ voices, it was 2008 and the global...

Elon Musk Eyes Satellite Deal in Brazilian Amazon

SÃO PAULO—Elon Musk, the world’s richest person, flew to Brazil on Friday to announce a plan to connect thousands of schools in the Amazon to the internet and help monitor illegal logging across the world’s biggest rainforest.In a...

Boeing’s Starliner Successfully Docks With Space Station

Boeing Starliner spacecraft successfully docked with the International Space Station, an important milestone on a test mission where the vehicle faced some technical issues.The company’s Starliner vehicle connected with the space station at 8:28 p.m. ET Friday, according...
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