Mynaric stock tanks after space lasers company slashes revenue guidance, announces CFO departure
Nasdaq-listed space stock Mynaric tanked in trading after announcing heavy cuts to its previous revenue forecast and the departure of its CFO.
Harley-Davidson drops diversity efforts after online pressure
"We do not have a DEI function today," and Harley-Davidson has not since April 2024, according to the statement.
Shein sues Temu over copyright infringement, alleges rival loses money on every sale
Chinese-linked fast-fashion leader Shein is suing Temu, alleging its rival stole its designs and trade secrets.
GMC expects to outsell its electric truck competitors as it launches new Sierra pickup
To do so, it will have to top its sibling Chevrolet Silverado EV as well as competitors from Ford Motor, Rivian Automotive and Tesla.
Lowe’s cuts full-year outlook as it expects home improvement sales to weaken
Lowe's said customers took on fewer discretionary home projects and unfavorable weather hurt sales of outdoor and seasonal items.
Eli Lilly’s weight loss drug slashes the risk of developing diabetes in long-term trial
The late-stage trial on tirzepatide also found that patients experienced sustained weight loss over the roughly three-year treatment period.
Alaska Airlines and Hawaiian Airlines merger clears Justice Department hurdle, now faces DOT
The Justice Department didn't file a suit seeking to block the tie-up between Alaska and Hawaiian, but still have to face the DOT.
Boeing pauses tests of 777X aircraft after finding damage to one of the jets structures
It wasn't immediately clear how the grounding would affect certification and delivery of the new 777X aircraft.
California cracks down on organized retail crime with new package of laws
Retailers have called on governments to do more to combat retail theft, citing it as a growing challenge that's impacted profits, customers and staff.