Nestlé SA has kicked off the sale of its peanut allergy medicine, people with knowledge of the matter said, as it seeks to reverse what’s proven to be a costly bet for the consumer company.
Car manufacturers acquiring mining companies to secure raw materials needed for electric vehicle batteries will end badly if history is any guide, according to Goldman Sachs Group Inc.’s head of commodities.
There’s a rare area of bipartisan agreement these days: the need for more government action to help fill the hundreds of thousands of vacancies for health-care workers.
Deutsche Bank AG’s rates traders received some of the biggest increases in bonuses as Germany’s largest bank unveiled compensation details on Wednesday.
Royal Bank of Canada reported a surge in its trading businesses that helped fiscal first-quarter earnings top analysts’ estimates, helping make up for softening results in its retail-banking business.
The Nigerian opposition party that finished third in the presidential election said it will challenge the result in court.
Bridgewater Associates is embarking on a major overhaul to boost returns, increase profitability and develop new sources of revenue, five months after founder Ray Dalio handed control of the $138 billion firm to a management team led by Chief Executive Officer Nir Bar Dea.
(Bloomberg) — Federal Reserve Bank of Atlanta President Raphael Bostic called for continued interest-rate hikes to above 5% ensure that inflation returns to the central bank’s target and doesn’t reaccelerate in a pattern similar to the 1970s.
Tesla Inc.’s plan to build a new assembly plant in Mexico is a clear sign the country will be a center for electric-vehicle making, even as the US tries to bolster domestic, union-based manufacturing with the Biden administration’s Inflation Reduction Act.
Universal Hydrogen converted a regional plane to hydrogen and is readying the aircraft for takeoff.
