CNBC Business

Allen previously explored deals to buy ABC, television station operator Tegna and the National Football League's Washington Commanders.

Starbucks executives said the challenges faced by the company are "transitory."

Strategic Sports Group's investment in the PGA Tour comes as the professional golf organization's merger with the Saudi-backed LIV Golf is up in the air.

Adidas won't write off the majority of its unsold Yeezy inventory after its breakup with Ye, the rapper formerly known as Kanye West, over antisemitism.

Biogen said its decision to drop Aduhelm, which had a polarizing approval and launch, was "not related to any safety or efficacy concerns."

The CEOs of Merck, Johnson & Johnson and Bristol Myers Squibb will testify at the hearing on drug prices, Sen. Bernie Sanders said.

Boeing did not provide a 2024 outlook, weeks after a fuselage panel blew out midflight on a nearly new 737 Max 9 on Jan. 5.

Walmart already has a massive footprint, with more than 4,600 stores across the country.

The RSV shot, called Arexvy, booked £1.2 billion, or $1.5 billion, in sales after only being on the market for roughly half a year. 

SpaceX signed a deal with Starlab, the private space station joint venture of Voyager and Airbus, to launch on Starship.

Hollywood studios may release more mid-budget films in theaters as Wall Street pushes for profitability not subscriber growth.

Starbucks stock has fallen 13% over the past year as investors worry about U.S. traffic and sales in China.

Walmart's shares hit their all-time high last year.

Carnival expects the rerouting to affect its adjusted earnings per share by 7 cents to 8 cents in 2024.

UPS reported more than a 7% decrease in daily package volume in its fourth quarter earnings report Tuesday morning.

JetBlue said it expects 2024 capacity to be down in the low single digits and that its adjusted margins could approach breakeven.

The trial results bring the biotech company one step closer to developing a drug that can provide strong pain relief without the addictive potential of opioids.

General Motors is changing its product lineup strategy to include plug-in hybrid electric vehicles, CEO Mary Barra told investors Tuesday.

FanDuel parent company Flutter listed on the New York Stock Exchange, giving U.S. investors more choice in sports betting.

Pfizer reversed roughly $3.5 billion in revenue related to the expected return of 6.5 million doses of its Covid drug, Paxlovid, from the U.S. government.