Why You Can’t Find Weight Loss Drug Wegovy

Why You Can’t Find Weight Loss Drug Wegovy

Novo Nordisk NGO 0.61% A/S botched the launch of its popular new weight-loss drug Wegovy, missing out on hundreds of millions of dollars in sales and squandering a lead before a rival could start selling a competing product. Wegovy belongs to a new class of drugs approved by health regulators to reduce the weight of … Read more

Medtronic Lowers Earnings Guidance. The Stock Is Falling.

Medtronic Lowers Earnings Guidance.  The Stock Is Falling.

Medtronic stock was falling Tuesday after the medical device maker missed fiscal second-quarter sales expectations and lowered its earnings guidance for the year. Medtronic (ticker: MDT) reported adjusted earnings of $1.30 a share on revenue of $7.59 billion in its fiscal second quarter, compared with adjusted earnings of $1.32 a share on revenue of $7.85 … Read more

How Qatar dropped the beer at the World Cup

How Qatar dropped the beer at the World Cup

DOHA, Qatar—When Qatar made its unlikely proposal to host the World Cup in a small Muslim Gulf state, officials laid out their plan in great detail, including air-conditioned stadiums and extensive transportation networks. However, according to people familiar with the bid, Qatar was deliberately remaining vague about how it would handle one aspect of the … Read more

Taylor Swift fans are furious with Ticketmaster over the site’s growling of pre-sale major tours

Taylor Swift fans are furious with Ticketmaster over the site’s growling of pre-sale major tours

New York CNN affairs — Bad blood is brewing between Taylor Swift fans and Ticketmaster. Pre-sale for a handful of dates on the singer’s new tour began Tuesday. But irate fans report that the ticket website seemed to crash or freeze during the purchase. Customers took to Twitter to complain that Ticketmaster was not loading … Read more

Home Depot Earnings Top Estimates. Customers are “resilient,” says CFO.

Home Depot Earnings Top Estimates.  Customers are “resilient,” says CFO.

DIY store Earnings for the third quarter beat expectations, boosting the stock on Tuesday. The home improvement retailer reported third-quarter earnings of $4.24 per share, beating analyst forecasts of $4.12 per share. Revenue was $38.9 billion, up 5.6% from a year earlier and surpassing estimates of $38 billion. Same-store sales rose 4.3%, more than forecast … Read more

Alibaba, Tencent, Hong Kong tech stocks lead higher on optimistic Chinese online retail sales

Alibaba, Tencent, Hong Kong tech stocks lead higher on optimistic Chinese online retail sales

Shares of Chinese internet giants rose in Hong Kong after official data in October showed better-than-expected retail sales in the world’s second-largest economy. Alibaba Group Holding Ltd. BABA, +0.79% 9988, +10.84% jump 9.8%, Kuaishou Technology 1024, +9.44% rose 8.7%, Tencent Holdings Ltd. 700, +10.13% rose 8.0% and Meituan 3690, +6.96% increased by 5.8%. The Hang … Read more

News Corp Says Foreign Currency, Lower Book Sales on Amazon Weighing on Results

News Corp Says Foreign Currency, Lower Book Sales on Amazon Weighing on Results

News Corp NWSA 2.21% reported slightly lower sales in the last quarter as currency movements and a decline in book publishing more than offset continued growth at Dow Jones & Co, the parent company of the Wall Street Journal. The New York-based media company, which owns Journal, HarperCollins Publishers and news organizations in the United … Read more

Michelle Obama, Mike Pence Books Square Off As Publishers Hope For A Jolt Vacation

Michelle Obama, Mike Pence Books Square Off As Publishers Hope For A Jolt Vacation

New books from former First Lady Michelle Obama and former Vice President Mike Pence, each slated for release on November 15, are among the high-profile titles publishers hope will boost sales this holiday season after a slow year. Mrs. Obama and Mr. Pence will meet in bookstores a week after the midterm elections, with books … Read more

Airbnb Books posts revenue while travel demand remains strong

Airbnb Books posts revenue while travel demand remains strong

Airbnb Inc. ABNB 1.93% posted its most profitable quarter to date, with record revenues bolstering the argument that travel demand remains strong despite ongoing challenges from rampant inflation. The home-sharing company said the results were driven by higher bookings in cities, stronger cross-border travel and longer stays. Airbnb said its third-quarter nights and experiences booked … Read more