Kroger, one of the largest retail pharmacy chains in the United States, announced on Friday that it has agreed to pay $1.2 billion to U.S. states, local governments, and Native American tribes to resolve claims that it contributed to the opioid epidemic through its lax oversight of pill sales. This settlement follows similar agreements made
Business
The recent surge in tech initial public offerings (IPOs) is expected to breathe life into the stagnant capital markets, according to Goldman Sachs CEO, David Solomon. In an interview with CNBC’s David Faber, Solomon expressed optimism about the promising prospects for upcoming IPOs, including those of chip designer Arm and grocery delivery platform Instacart. He
The timeline for deciding Hulu’s ownership has been unexpectedly accelerated, according to Comcast CEO Brian Roberts. The discussions between Comcast and Disney, which will include an appraisal process, are now set to begin on September 30, several months before the original January 2024 deadline. This agreement stems from the 2019 deal in which Comcast could
Taylor Swift is already a superstar, and now she’s ready to take the movie industry by storm with her upcoming concert film. The announcement of the release of the Eras Tour concert film in domestic movie theaters has caused a frenzy among fans, leading to a surge in ticket sales. Box office analysts are predicting
The United Auto Workers (UAW) is heading towards a potential strike against Detroit automakers General Motors, Ford Motor, and Stellantis. United Auto Workers President Shawn Fain has taken a hardline approach, refusing to extend the contract deadline and threatening to take approximately 150,000 auto workers out of factories if necessary. In addition, Fain and the
The pay-TV industry is facing a significant challenge – the growing popularity of streaming services and the increasing trend of cord-cutting. This issue has prompted Charter Communications CEO Chris Winfrey to call for a new approach. In a recent call with investors, he highlighted the need for negotiations with media content companies to be different
In most parts of the United States, the trees are still green and the weather is warm, but for many restaurants and retailers, fall has already arrived. Traditionally, Halloween candy and pumpkin spice lattes made their debut after Labor Day, marking the beginning of the fall season. However, in recent years, there has been a
In an attempt to bridge the gap with its rival Amazon and drive more online sales, Walmart is taking steps to attract and retain sellers on its third-party marketplace. The retail giant recently hosted its inaugural Walmart Marketplace Seller Summit, a two-day invitation-only event for businesses that sell various products on Walmart’s website. The event
The Biden administration has released a much-anticipated list of 10 drugs that will be subject to price negotiations between manufacturers and Medicare. This move aims to address the issue of high drug costs for older adults in the United States who rely on Medicare Part D for their prescription medications. Among these 10 drugs, there
Brazilian beauty conglomerate Natura & Co is reportedly considering selling off The Body Shop after facing another quarter of declining sales. In a recent securities filing, Natura & Co revealed that its board of directors has authorized its management to explore strategic alternatives for The Body Shop, including a potential sale of the business. While