Business

Disney is on the clock to search out its subsequent CEO as Iger’s contract runs to 2026, when he has promised to step down. More

The automaker expects to take $1.9 billion in associated particular costs and write-downs as automakers proceed adjusting their EV plans due to softer-than-expected demand. More

Bronfman is trying to scuttle a earlier settlement to merge Paramount with David Ellison’s Skydance Media. More

Companies reject claims that buyers are being bilked on costs. Still, says one govt, “We perceive why there’s this sticker shock.” More

The software program firm founder who was just lately cleared of fraud accusations is lacking after a storm capsized the yacht he was on. More

Eli Lilly stated preliminary knowledge from a late-stage examine confirmed its weight-loss drug considerably diminished the chance of development to sort 2 diabetes amongst adults with prediabetes and weight problems or obese. More

XPeng’s second-quarter internet loss narrowed on stronger gross sales, greater income from its collaboration with Volkswagen and improved margins. More

Activist investor Icahn agrees to pay $500,000 and his firm can pay $1.5 million, with out admitting or denying SEC findings. More

Seven & i acquired the acquisition supply from Alimentation Couche-Tard following strain on activist shareholders to enhance the Japanese firm’s profitability. More

Fabrizio Freda will retire subsequent 12 months and the sweetness firm says its board is looking for its subsequent chief. More

The transfer impacts the corporate’s software program and providers division. More

Volkswagen, General Motors and different huge manufacturers are shedding their grip on a once-lucrative market as Chinese shoppers embrace homegrown electrical automobiles. More