CNBC Business

Astranis suffered a malfunction with its first commercial satellite in orbit – but has a backup satellite it plans to bring into service by this spring.

Amazon hopes to launch its first two Kuiper prototype satellites "in the coming months," the company said. The new facility would be up and running early 2025.

Airlines' cargo businesses were lifelines during the pandemic when travel demand dried up.

About 75% of the 2.7 million people who have lost Medicaid were booted from the program because they did not complete the process to renew their coverage.

AMC Entertainment is dropping its new tiered pricing system that provided moviegoers multiple seating options.

The sell-off in Netflix shares follows a 60% year-to-date rally, spurred by the rollout of its cheaper, ad-supported plan and a crackdown on password sharing.

J&J still owns a 90% stake in Kenvue, meaning it can generally control the direction of the consumer health spinoff’s business for the time being.

The airline expects a strong third quarter despite mass flight disruptions at its Newark hub this month.

The results come amid investor anxiety over the thousands of lawsuits claiming that J&J's talc-based baby powder and other products caused cancer.

Record revenue of $14.06 billion topped analysts' expectations and was up 4.7% from a year earlier.

J&J owns nearly 90% of Kenvue shares and plans to reduce its stake in the company through an exchange offer that could launch "as early as the coming days."

Victims filed arbitration claims against Morgan Stanley, alleging that it failed to reasonably supervise its employee.

June home sales declined 18.9% compared with last year. That's the slowest sales pace for June since 2009.

The man who turned Vitaminwater and BodyArmor into household beverage names is turning his attention to the sneaker industry.

Walmart is trying to grow its Walmart+ membership base and has noticed more price sensitivity among shoppers.

Netflix reported second quarter earnings after the bell on Wednesday.

Netflix's core business continues to chug along as the rest of the media and entertainment industry searches for new growth.

Pfizer is among several drugmakers racing to develop the world's first shot targeting Group B strep disease, which kills thousands of infants each year.

Carvana said the agreement will eliminate more than 83% of Carvana's 2025 and 2027 unsecured note maturities and lower its required cash interest expense.

Oddity Tech, the beauty platform behind the Il Makiage and Spoiled Child brands, opened on the public markets with an approximate valuation of $2.7 billion.