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Yelp Doubles Down on Home Services as Restaurant Advertising Cools
The review site is planning to spend $40 million this year to grow its business with local-services companies such as plumbers, electricians and movers.
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Novo Nordisk's Wegovy Weight-Loss Drug Gets Approval in China
Blockbuster obesity drug Wegovy has been approved in China, opening the door for maker Novo Nordisk to begin selling it…
Tech Investor Sean Parker Leads Rescue of Struggling AI Startup
Stability AI raised $100 million-plus in 2022 but is now being recapitalized, as new leadership tries to build a business…
Airbus Sheds $12 Billion in Market Value After Slashing Guidance
Airbus shares in Paris closed 9.4% lower after the group lowered its commercial aircraft delivery goal and financial targets for…
Starboard Value Criticizes Autodesk Board in Letter, Believes Investors Were Intentionally Misled
Starboard Value said it issued its letter to highlight shareholders’ dissatisfaction with Autodesk’s response to disclosure and governance issues.
Tesla Recalls Thousands of Cybertrucks Over Trunk, Wiper Issues
The electric-vehicle company issued two other recalls of the futuristic truck earlier this year.
Interpublic Explores Sale of Digital Marketing Agency to Consulting Giant
TCS is the latest consulting firm pursuing acquisitions to bolster their work on Madison Avenue.
New York Times to Move Podcasts Behind Paywall
The publisher plans to cap the number of free episodes of “The Daily” as it moves more podcast content behind…
Volkswagen to Invest Up to $5 Billion Into EV Maker Rivian
Rivian shares rise in aftermarket trading as the automakers plan creation of a joint venture to work on vehicle software.