Business news

F.D.A. Approves New Eli Lilly Weight-Loss Pill, Foundayo

The Food and Drug Administration on Wednesday approved a new weight-loss pill, the latest addition to a fast-growing field of powerful obesity drugs.

Hyundai teases first pickup with Boulder concept

Hyundai's reveal of the rugged Boulder concept vehicle at this week's New York International Auto Show is proof that automotive trade shows can still...

Food pantries serving nearly 40 Minnesota communities suddenly close

Ruby's Pantry had 37 locations across Minnesota, mostly in rural areas, and also had food shelves in communities in Iowa, Wisconsin and North Dakota.

Intel to Pay $14 Billion to Buy Back Apollo Stake in Ireland Plant

Intel Corp., the chipmaker aiming to restore its manufacturing prowess, agreed to pay $14.2 billion to buy back half of a plant in Ireland that it had...

The FDA approves a new obesity pill, giving patients another option

The daily pill called Foundayo got a fast track through the Food and Drug Administration. It will compete with the pill form of Wegovy as an alternative to...

Robot Taxis Stop in Traffic in Chinese City, Stranding Travelers

The authorities in Wuhan, the site of one of the world's largest experiments in self-driving cars, cited a “system failure” after widespread reports on...

US approves new oral weight-loss pill developed by Eli Lilly

Called Foundayo, the tablet becomes the second one to receive FDA's green light after Novo Nordisk's Wegovy.

Hershey to resume using chocolate in most products; Reese’s grandson may taste sweet victory

The grandson of the inventor of the Reese's Peanut Butter Cups, who criticized Hershey for tinkering with the formula, appears to have gotten sweet revenge.

Elon Musk’s SpaceX Files to Go Public, Setting Stage for Huge I.P.O.

An initial public offering of Elon Musk's rocket and satellite company would most likely be a generational wealth event and one of the largest offerings...

FDA Okays Orforglipron for Weight Management

Eli Lilly's orforglipron approved for adults with obesity or overweight with at least one comorbidity.

Dr. Oz Announces Launch Of Program Covering Hemp THC And CBD Products Through Medicare

Federal health officials on Wednesday announced the launch of a new Trump administration initiative to cover up to $500 worth of hemp-derived products each...

Kia’s compact EV3 is coming to the US this year, with 320 miles of range

Kia's EV3 compact electric SUV will be going on sale in the US in late 2026, offering up to 320 miles of range per charge. Kia hasn't announced pricing yet.

Nike CEO Blows Off Steam With Staff Over Stalled Turnaround

After Nike Inc. announced a disappointing forecast for the year ahead, sending the company's shares tumbling, Chief Executive Officer Elliott Hill convened...

Anthropic Races to Contain Leak of Code Behind Claude AI Agent

The leak revealed Anthropic's proprietary techniques, tools and instructions for cajoling its AI models to work as coding agents. Gabby Jones/Bloomberg News...

SpaceX confidentially files for IPO, setting stage for record offering

Elon Musk's SpaceX is reportedly targeting a valuation of around $1.75 trillion in its forthcoming IPO.

Musk’s SpaceX Files to Go Public in One of the Biggest IPOs Ever

The company, which launches satellites and is building an AI business, is aiming to raise between $40 billion and $80 billion in an offering.

SpaceX Has Filed Confidentially for IPO Ahead of AI Rivals

SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket,...

SpaceX confidentially files for IPO

SpaceX officially kicked off its IPO process, which could result in the biggest public offering ever.

Lilly's weight-loss pill wins US approval, sets up next battle with rival Novo Nordisk

The U.S. FDA on Wednesday approved Eli Lilly's weight-loss pill, setting ​up its next battle with rival Novo Nordisk for the millions of Americans seeking...

FDA approves Lilly's Foundayo™ (orforglipron), the only GLP-1 pill for weight loss that can be taken any time of day without food or water restrictions