Business
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CVS Health Sets Course for Corporate Breakup by 2028
CVS Health will split into two independent, publicly traded companies by the first half of 2028, separating its 9,000 retail pharmacies from its insurance and pharmacy benefit management divisions. The move arrives after years of internal restructuring, marking a shift from a sprawling conglomerate to two focused healthcare entities.
Trump turns on Fox News as midterm losses sting
Donald Trump lashed out at Fox News on Tuesday, accusing his longtime media ally of enabling Democratic victories through biased coverage. As election results confirmed a shift in control of Congress, the former president seized on the network’s recent viewership decline to argue that its editorial direction is alienating core supporters.
Kraft Heinz sheds North American coffee unit in $650 million divestiture
A $650 million deal with One Rock Capital Partners will see Kraft Heinz offload its North American coffee business, including stalwarts like Maxwell House and Gevalia. The move, expected to close in mid-2027, marks a significant shift as the food giant pivots toward its core portfolio and debt reduction.
Wayfair Gains Market Share as Quarterly Sales Climb 10%
CVS Health to Dismantle Conglomerate in Historic Split
McDonald’s Faces U.S. Sales Slump Ahead of Quarterly Earnings
JetBlue Hikes Checked Bag Fees to $70 Amid Rising Fuel Costs
Disney Targets Deep Cost Cuts Through New Wave of Layoffs
Ferrari Boosts 2026 Outlook Amid Strong Customization Demand
Versant Media Surpasses Earnings Estimates as Digital Platforms Gain
Taco Bell outbreak hits Yum Brands profit as growth engine falters
Pfizer Raises Annual Forecast as Longtime Executive Takes CFO Role
Baked by Melissa debuts at-home cupcake kits in Target stores
Rivian and Ford shift manufacturing gears toward 3D printing
Budget Cars Sell Faster as Buyers Flee High Costs
Rivian Trims Losses as R2 SUV Sales Drive Revenue Growth
Starbucks Faces Market Test Amid U.S. Turnaround Strategy
Cruise Operators Diverge on Fuel Cost Management
Norwegian Cruise Line Shares Jump 13% as Earnings Beat Expectations
Eli Lilly Raises Sales Outlook as Weight-Loss Drug Demand Keeps Climbing
Merck Raises Profit Forecast as Keytruda Subcutaneous Sales Surge
Burger King Revival Lifts Restaurant Brands Amid Popeyes Slump
FedEx Raises Annual Guidance After Topping Quarterly Estimates
Chipotle Earnings Slip as Operating Margins Tighten
Wall Street Braces for Ford Q3 Results Amid Production Hurdles
Stellantis Shares Surge as Turnaround Strategy Gains Traction
Frontier Airlines hikes fares 71% as fuel costs outpace passenger demand
China’s domestic auto market faces a historic slump
Honda executive warns of industry collapse over potential Canada tariffs
