business News

Trump administration reverses lease termination for major FDA quality lab in St. Louis - Endpoints News

Two days after announcing plans to shut down an FDA lab devoted to ensuring the US drug supply remains safe and potent, the Trump administration has changed plans and will leave the lab open, Endpoints News has learned.

Musk Goon Arrives at FAA With Chilling Warning for Staff - The Daily Beast

Those who stand in DOGE’s way will be reported directly to Elon Musk, apparently.

Disney lays off nearly 200 employees with ABC News severely impacted - Fox Business

Disney’s ABC News Group and Disney Entertainment Networks will lay off just under 200 employees on Wednesday, many of whom are based in New York.

Abercrombie & Fitch Stock Plunges as Outlook Underwhelms - Investopedia

Abercrombie & Fitch shares sank Wednesday after the apparel retailer's current-quarter profit and full-year sales forecasts disappointed investors.

Trump Weighs Exemptions From Canada, Mexico Tariffs - Barron's

Stock Market Today: Dow, S&P 500 and Nasdaq head for first gain in three sessions after report of one-month delay from tariffs for automakers - MarketWatch

Stocks rebounded again on Wednesday, with the focus on a softer approach to some tariffs from President Trump.

Trump’s commerce secretary hints at Bitcoin-only strategic reserve - Cointelegraph

Commerce Secretary Howard Lutnick said the Trump administration intends to treat Bitcoin "differently" than other cryptocurrencies.

Ahead of a possible $4 billion IPO, CoreWeave’s founders already pocketed $488 million - TechCrunch

CoreWeave’s initial S-1 document for its upcoming IPO is full of surprises. Backed by Nvidia, CoreWeave runs an AI-specific cloud service from its network

‘Unjust and Disproportionate’: Kentucky Bourbon Industry Warns of Financial Blowback From Trump’s Tariff Plan - Bottle Raiders

Donald Trump's 25% tariff plan on Mexico and Canada has already taken a toll on the bourbon industry as bottles are removed en masse from liquor store shelves.

40-day Target boycott begins following company’s DEI diversion - The Hill

Oil price tumbles to three-year low on signs of waning US demand - Financial Times

Brent drops below $70 a barrel following larger-than-expected increase in US crude stocks

Novo Slashes Wegovy Price, Undercutting Its Most Bitter Rival - Investor's Business Daily

The news slammed Hims stock. Hims & Hers sells knockoff versions of semaglutide, the chemical backbone behind Wegovy.

These are the most competitive rental markets in the U.S. - CNBC

Even with a record amount of new supply, demand for rental apartments is soaring. That has the competition heating up.

Trump’s Tariff War Puts CEOs on the Front Lines - The Wall Street Journal

Executives in banking, construction, autos and retail wonder how long tariffs will last; ‘your guess is as good as mine’

Novo Nordisk slashing price of Wegovy to $499 a month to uninsured following rival’s move - New York Post

The weight-loss drug can cost patients more than $1,000 a month if they do not have health insurance coverage.

Meta keeps secret 'block' lists of ex-employees — and even help from its C-suite can't get you off them - Business Insider

Former employees and managers and have been left in the dark about what it takes to get off Meta's block list.

Trump says US should kill CHIPS Act, use the cash to cut debt - The Register

Lemme guess ... he'll fix it all with tariffs? We sat through the entire speech so you don't have to

Trump says US should scrap CHIPS Act, use the cash to cut debt - The Register

Lemme guess ... he'll fix it all with tariffs? We sat through the entire speech so you don't have to

Stock Market Today: Dow Jones Rises On Tariff Hopes; Amazon Bounces (Live Coverage) - Investor's Business Daily

Dow Jones rose after Trump addressed the Congress. Nvidia and Tesla fell in the stock market today.

Stagflation fears rise as a brutal jobs report follows new tariffs - Quartz

Recent economic data show inflation staying sticky even as the labor market weakens