Coca-Cola CEO says inflation is moderating in most markets after higher prices boost revenue
In the majority of Coke’s markets, shoppers were only paying about 3.5% more for their drinks than they were a year earlier.
Federal judge tosses lobbying group’s lawsuit challenging Medicare drug price negotiations
The decision is an early win for the Biden administration as it grapples with other legal challenges to the Inflation Reduction Act’s Medicare price talks.
Boeing orders, deliveries dry up in January as plane-maker grapples with latest Max crisis
Boeing delivered 27 planes and had net zero orders for new aircraft in January.
Shopify shares down after company reports light guidance
Shopify’s quarterly results topped estimates, but guidance for the current period was light.
New York Democrat Tom Suozzi wins special House election, cuts slim GOP majority
Democratic candidate Tom Suozzi faced off against Republican Mazi Pilip in a special election to fill the seat vacated by expelled ex-Rep. George Santos.
Here’s the most troubling part for market bulls in the CPI report
Core CPI, which excludes volatile food and energy prices, is proving stickier than expected and unsettling investors.
Tesla board silent as investors await next steps after court revokes Elon Musk’s $56 billion pay package
Legal experts expect Elon Musk’s team to appeal a recent ruling that voided the Tesla CEO’s 2018 pay package.
Prices rose more than expected in January as inflation won’t go away
The consumer price index was expected to show a 0.2% increase in January, according to economists surveyed by Dow Jones.
Biogen revenue and profit shrink on Aduhelm costs, slumping sales of multiple sclerosis therapies
The results come amid the rollout of Biogen and Eisai’s Leqembi, the first drug found to slow the progression of Alzheimer’s to win FDA approval.
Restaurant Brands earnings beat estimates, fueled by strong Tim Hortons sales
Restaurant Brands earnings beat expectations as Tim Hortons performed better than expected.
