Jakub Porzycki | Nurphoto | Getty ImagesA version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions.Happy Tuesday! Pfizer’s troubles may finally be coming to a head. Former executives of the pharmaceutical giant are backing a push by activist investor Starboard Value to turn around the struggling company, according to recent reports. Starboard has a roughly $1 billion stake in the drugmaker and approached former Pfizer CEO Ian Read and ex-CFO Frank D’Amelio, both of whom expressed interest in supporting the activist investor’s efforts to shake…
Author: usaeverydaylife
Workers picket outside a Boeing Co. facility during a strike in Everett, Washington, US, on Monday, Sept. 16, 2024. Boeing Co. factory workers walked off the job for the first time in 16 years, halting manufacturing across the planemaker’s Seattle hub after members of its largest union voted overwhelmingly to reject a contract offer and go on strike.M. Scott Brauer | Bloomberg | Getty ImagesBoeing withdrew a contract offer for 33,000 machinists who have been on strike since mid-September, and said further negotiations “do not make sense at this point.”The machinists walked off the job on Sept. 13 after overwhelmingly…
Nearly 16% of gas stations in Florida had run out of fuel as of late-morning Tuesday as people flee north to escape the path of Hurricane Milton, according to data from GasBuddy.Many stations simply can’t keep up with gasoline demand as millions of Floridians collectively evacuate, said Patrick De Haan, head of petroleum analysis at GasBuddy. About 1,200 of the state’s 7,900 gas stations are currently without fuel, according to the data.”The sheer bulk of this is simply people getting out of harm’s way,” De Haan told CNBC. Prices should not rise as a consequence of the storm because infrastructure…
By Zack Rosenblatt, Dianna Russini and Mark PuleoThe New York Jets didn’t want to fire Robert Saleh after last season in part because they didn’t think they’d be able to find someone better to replace him — and also because Aaron Rodgers wanted him back. After five games of the 2024 season, Jets owner Woody Johnson decided Saleh wasn’t good enough anymore, firing him on Tuesday, two days after the team fell to 2-3 with a loss to the Minnesota Vikings in London.Defensive coordinator Jeff Ulbrich will be the interim coach.On a conference call Tuesday, Johnson said this Jets team…
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles.BaiduBEIJING — Chinese tech company Baidu’s robotaxi unit, Apollo Go, is in talks with several firms to expand into overseas markets in the “near future,” according to a source familiar with the matter.No details on timing or regions were available.Baidu is one of the major operators of robotaxis in China. Regulators in parts of Beijing and cities such as Wuhan — Apollo Go’s largest operating region — have allowed companies to commercially operate self-driving taxis after years of just permitting internal testing.Tesla…
U.S. Assistant Attorney General Jonathan Kanter speaks about the antitrust lawsuit against Live Nation Entertainment during a press conference as Attorney General Merrick Garland and Deputy Attorney General Lisa O. Monaco look on during a press conference at the Department of Justice in Washington, U.S., May 23, 2024. REUTERS/Ken CedenoKen Cedeno | ReutersThe U.S. Department of Justice late Tuesday made recommendations for Google’s search engine business practices, indicating that it was considering a possible breakup of the tech giant as an antitrust remedy.The department said in a filing that the remedies necessary to “prevent and restrain monopoly maintenance could include…
Yep, I said it, right there on national TV.During Fox Sports’ Sunday night broadcast of Game 2 of the Division Series, I spoke about an emotional meeting Manny Machado led in the San Diego Padres’ dugout. The huddle followed a tumultuous seventh inning in which fans at Dodger Stadium threw baseballs and beer cans onto the field.“Manny Machado has taken a lot of criticism in his career,” I said. “For being too laid-back. For occasionally playing dirty. For being the kind of player you don’t want to build around. Well, what we saw in that dugout tonight, in that meeting,…
A view from the Alaska Bootanical Park, fall, Halloween and harvest season themed version of the Alaska Botanical Park with special displays, inside the Far North Bicentennial Park, Alaska, United States on September 22, 2024. Hasan Akbas | Anadolu | Getty ImagesThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayRebound rallyU.S. stocks rebounded on Tuesday, with all major indexes rising. Technology stocks, in particular, rallied to lift…
CNBC’s Jim Cramer on Tuesday described why it can be difficult for investors to sit on solid stocks. Some can get spooked by analyst downgrades, for example, and sell their position in a great company that will be hard to later buy back.”In the last decade, the toughest thing to do is to hold on to good stocks,” he said. “But analysts and commentators love to take aim at big long-term winners. Their jeremiads have scared so many people out of some amazing gains.”According to Cramer, many on Wall Street can be “complacent,” with bulls ignoring downside risks and bears…
My husband — a brooding New Yorker, polite and tolerant of much — broke on the seventh day of our family vacation.“She doesn’t stop talking,” he said. The “she” is my mother — a bubbly Midwesterner — who can hold court in a room of strangers with the deftness of a small-town politician at a church picnic. Awkward silences don’t stand a chance — even in a jam-packed elevator.But some people like silence. They thrive on it, said John Hackston, head of thought leadership at The Myers-Briggs Company.That’s one of many areas that can pose problems for travel companions on…
