CNBC Business

Jeff Bezos' Blue Origin will replace CEO Bob Smith with outgoing Amazon exec Dave Limp, CNBC has learned.

While a potential end to the writers' strike represents positive momentum for Hollywood, union members still need to ratify the deal.

McDonald's franchise royalty fees for U.S. restaurants will rise from 4% to 5% for operators opening new locations.

Pfizer expects operations to fully resume by the end of the year, but it warned that supply of some medicines would be affected until at least mid 2024. 

There is still no evidence that molnupiravir, sold under the brand name Lagevrio, has produced more transmissible or severe variants of Covid.

The strikes at the GM and Stellantis parts suppliers will add roughly 5,600 auto workers to the UAW's ongoing strikes at the Detroit automakers.

Talks between the Writers Guild of America and the Alliance of Motion Picture and Television Producers resumed last week after months of starts and stops.

The Japanese carmarker said all new models it launches in Europe will be fully electric, as it reaffirmed an aim for all-electric Europe sales by 2030.

UAW communications director Jonah Furman discussed targeted strikes as causing "recurring reputations damage and operational chaos" to the automakers.

Amazon's Prime Video is joining the list of streaming services that will have an ad-supported option.

Saudi Crown Prince Mohammed bin Salman embraced 'sportswashing' criticism in a Fox News interview, saying the practice has led to a growth of GDP.

The UAW and General Motors, Ford Motor and Stellantis are all holding their ground on demands, and it appears likely the union will strike additional plants.

WWE's "Friday Night SmackDown" will return to NBCUniversal's USA Network next year.

Murdoch's departure comes as his media empire, which includes The Wall Street Journal and Fox News, gears up for the 2024 election.

Higher mortgage rates and lower inventory levels are hitting homebuyers hard.

While optimistic, the people noted, however, that if a deal is not reached the strike could last through the end of the year.

Darden, the owner of Olive Garden, saw net sales rise more than 11% in the quarter.

Adidas CEO Bjorn Gulden said Kanye West didn't mean it when he made antisemitic remarks that led to the end of his Yeezy collaboration with the company.

Americans will soon be able to use COVIDtests.gov to request four free tests, the Biden administration said in a release. 

Anheuser-Busch is bringing an end to the controversial practice of cutting off the tails of its Clydesdale horses for cosmetic purposes.