Reckitt Benckiser Group Plc said sales will be affected by a tornado that struck a warehouse in Mount Vernon, where it stores products and raw ingredients for its baby formula business. The consumer goods company said the third-party warehouse has not...... Read More
The PepsiCo factory that sparked a massive recall for its Quaker Oats brand came after the company let salmonella fester at the facility for as long as four years, according to regulators. Quaker Oats shut down its plant in Danville, Illinois in April.... Read More
Employers added 272,000 jobs in May, shooting past expectations in a sign of a booming labor market that continues to defy economists’ predictions of a slowdown. However, the unemployment rate ticked up to 4%, ending a historic 27-month streak of...... Read More
Eli Lilly & Co.’s Mounjaro is being recommended for weight loss for some UK patients with obesity, in draft guidance that could see the National Health Service offer a rival drug to Novo Nordisk A/S’s hit treatment Wegovy. Patients with a body mass index of...... Read More
Tesla settled another case linking a passenger’s death with an alleged vehicle design defect, records show, the second time in less than two months that the automaker has avoided a jury trial just days before it was set to begin. The lawsuit alleged that a...... Read More
Orders placed with U.S. factories for business equipment rose by more than forecast in April, indicating firms are still focused on making long-term investments despite an uncertain outlook and high borrowing costs. The value of core capital goods orders...... Read More
The U.S. Justice Department and almost 30 states sued Live Nation Entertainment Inc. seeking to force the company to sell off ticketing giant Ticketmaster. In a complaint filed Thursday in New York federal court, antitrust enforcers alleged that...... Read More
China gave the greenlight to Eli Lilly & Co.’s blockbuster drug tirzepatide for use in treating diabetes, a move that will intensify the drugmaker’s rivalry with Novo Nordisk A/S over weight-loss drugs in the world’s second-largest market.... Read More
Are tacos considered sandwiches? According to one judge in Fort Wayne, the answer is yes. And he says burritos are sandwiches, too. Allen County Superior Court Judge Craig Bobay wrote in a ruling Monday that tacos and burritos are “Mexican-style sandwiches.”... Read More
Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team.... Read More
