Eli Lilly's third-quarter results exceeded estimates, driven by strong demand for Zepbound and Mounjaro. The company raised its revenue forecast, fueling a 5% rise in shares. Discover how Eli Lilly is maintaining its lead in the competitive obesity drug market.
Magic Leap reveals a new Android XR smart glasses prototype, partnering with Google to enhance AR technology. Despite past struggles, the company aims for a resurgence in the industry.
In a significant move, General Motors has laid off around 1,700 workers at its Michigan and Ohio plants due to a slowdown in the electric vehicle market. The company aims to realign its EV capacity amid evolving regulations and declining consumer incentives.
In a significant shakeup, Paramount has begun laying off 1,000 employees as part of a strategy to cut costs and streamline operations under new CEO David Ellison. This move marks the first phase of a broader plan to eliminate 10% of the workforce, reflecting the challenges facing the entertainment industry amid changing consumer habits.
Amazon is undergoing significant changes in its gaming division, including layoffs and a strategic shift towards more console-friendly titles. The company aims to enhance its cloud-gaming platform, Luna, while focusing on popular IPs.
In a significant turn of events, Russian energy giant Lukoil announces its exit from international operations due to stringent U.S. sanctions, potentially leading to a 30% drop in revenues. The company seeks buyers for its foreign ventures amidst escalating tensions over the Ukraine conflict.
In a major shakeup, Amazon plans to lay off up to 30,000 corporate employees starting Tuesday. This move follows a trend of workforce reductions after massive hiring during the pandemic. Get the details on the cuts and what they mean for the company.
Tesla's board warns shareholders to approve Musk's $1 trillion pay package or face his departure as CEO. With Musk's influence and Tesla's future at stake, the November vote is crucial.
As the strike at Tesla's Swedish service centers enters its second year, tensions rise between the company and mechanics fighting for union rights, amid a backdrop of cold winter weather and high stakes.
ExxonMobil has filed a lawsuit against California's controversial emissions reporting laws, claiming they violate its free speech rights. The company argues the laws unfairly target it as a major polluter and require misleading disclosures.
