Nearly 10% of New York City’s drugstores have closed this year — a dramatic drop following a decade of retreats that has slashed their number by 40% as shoplifting continues to run rampant, according an explosive study. The number of Walgreens, Duane Reade, CVS and Rite Aid stores across the city shrunk to 395 locations
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Nike’s results beat modest estimates on Thursday and its shares jumped briefly, but the company soon dashed investor hopes and sent shares lower when a top executive predicted revenues would fall by double digits in the third quarter. Nike’s new CEO Elliott Hill warned of short-term pain as the embattled sportswear seller works to revive tepid demand for its brands. Shares of Nike surged
Specialty pharmacies and online companies that have been selling off-brand copies of two blockbuster drugs for obesity and diabetes will need to phase out their versions next year under a federal decision issued Thursday. The Food and Drug Administration said that a nationwide shortage of Eli Lillys Zepbound and Mounjaro has been resolved, eliminating the
Frito-Lay is recalling 13-ounce bags of its Lay’s Classic Potato Chips due to fears that they “may contain undeclared milk” that can pose a “risk of a serious or life-threatening allergic reaction” to consumers, according to the Food and Drug Administration. “Those with an allergy or severe sensitivity to milk run the risk of a
Disney decided to renew ABC News anchor George Stephanopoulos’ contract — despite having to fork over a $16 million legal settlement — because they didn’t want “his blood on their hands,” The Post has learned. Stephanopoulos, who hosts “This Week” and is a co-anchor on “Good Morning America,” was handed a multi-year deal — though
Peter Orr is joining Sycamore Advisors as senior managing director.Sycamore Advisors Indianapolis-based Sycamore Advisors is building its quantitative muscle with two new municipal finance hires. Peter Orr joins the municipal advisory firm as senior managing director and Ching Yin as senior vice president. Areas of focus will include analytical tools and quantitative modeling. Both are based
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Novo Nordisk, one of Europe’s largest companies, lost more than a quarter of its value on Friday after its latest obesity drug missed the drugmaker’s goal for an average of 25 per cent weight loss.
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US president-elect Donald Trump has warned the EU that it must commit to buying “large scale” amounts of US oil and gas or face tariffs, in his first trade salvo against Brussels since
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
Stay informed with free updates Simply sign up to the UK property myFT Digest — delivered directly to your inbox. Sadiq Khan’s flagship London housing fund may require a bailout after repeatedly missing repayments on a £300mn state loan and failing to keep records about the debt, its auditors have warned. GLA Land and Property
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Commuting on public transport has always provided a convenient opportunity to assess changing forms of media consumption. Seventy years ago, you would have seen a sea of heads buried in newspapers. From around 15 years
When Wirecard went belly up a few years ago, Deutsche Bank ended up with a loss of just €18mn — miraculously little for a bank that had up until then made a habit of ambling into nearly every major financial cow pie in the world. And this had been a giant pile of manure right
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FedEx has announced it will spin off its freight business to a new publicly traded company as it aims to strengthen its business amid weak demand. The package delivery group, considered a bellwether of global economic growth because of the wide range of items it ships, said it expects the separation to allow for more
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<img src=”https://public.flourish.studio/visualisation/20879380/thumbnail” width=”100%” alt=”chart visualization” /> Municipals sold off Thursday, playing catch up to the U.S. Treasury’s extended rout across most of the curve. Equities ended mixed as all markets further digested macroeconomic uncertainty and volatile policy swings coming out of Washington. Muni yields rose 12 to 19 basis points, depending on the scale, while
Bellarmine University had very weak debt service coverage levels in the last three fiscal years, Moody’s Ratings said.AdobeStock Bellarmine University was downgraded to B1 from Ba3 by Moody’s Ratings, affecting about $60 million of outstanding debt. The outlook is negative. The downgrade on the Kentucky-based school stemmed from declining enrollment, persistent use of reserves, and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Biden is sending top diplomats to Damascus to meet Abu Mohammed al-Jolani, the leader of the Islamist rebels who toppled Syria’s dictator Bashar al-Assad but are designated a terrorist group by the US. Barbara
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US Congress is racing to pass a short-term spending bill by the end of Friday after Donald Trump, Elon Musk and JD Vance convinced Republicans to ditch bipartisan legislation to avert a
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