Costco, Nike can best weather supply chain disruptions, traders say
Supply chain woes are plaguing many retailers, but a few stocks may be able to withstand the heat, two traders say. Though Bank of America named Yeti Holdings and Dick’s Sporting Goods its top fourth-quarter picks for their relatively low exposure to Vietnam’s supply issues, a catch-all play like Costco may be the better bet, […]
Mindbody buys workout sign-up platform ClassPass in all-stock deal
With attendance to in-person fitness classes on the rebound, Mindbody said it will acquire ClassPass in an all-stock deal. Mindbody is often described as something akin to the OpenTable of the fitness world: Gyms and fitness studios use its backend software to help organize classes and bookings. ClassPass, on the other hand, is used by consumers […]
FDA advisory panel to vote on Moderna Covid booster shots
[The stream is slated to start at 8:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] A key Food and Drug Administration panel is holding a meeting Thursday to discuss and vote on the use of booster shots of Moderna‘s Covid-19 vaccine. Depending on how the […]
McDonald’s to test McPlant burger created with Beyond Meat in the U.S.
McDonald’s McPlant burger Source: McDonald’s McDonald’s will test the plant-based McPlant burger created as part of its partnership with Beyond Meat in eight U.S. restaurants next month. The trial is the latest step in McDonald’s cautious march to add plant-based meat to its menu. The company has taken its time to learn more about the […]
More Americans are getting Covid vaccine boosters than first doses
Germaine T. Leftwich, 67, receives a Pfizer covid-19 vaccine booster shot from Dr. Tiffany Taliaferro at the Safeway on Capitol Hill in Washington, D.C., on Monday, October 4, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images More Americans are getting third Covid shots than first vaccine doses as people who completed their two-dose […]
Walgreens buys majority stake in primary care company VillageMD
Walgreens and VillageMD Source: Walgreens Walgreens Boots Alliance said Thursday that it has agreed to become the majority owner of VillageMD, as it opens hundreds of doctor offices with the primary-care company. As part of the deal, the drugstore chain will invest $5.2 billion in VillageMD. That will increase Walgreens’ ownership stake from 30% to […]
$10.3 billion to date sets annual record
Pete Cannito, Redwire Corporation at the New York Stock Exchange, September 8, 2021. Source: NYSE Private investment in space companies hit $3.9 billion in the third quarter, propelling this year to a new annual record of $10.3 billion, according to a report this week by New York-based firm Space Capital. “This quarter sets a new […]
Trump to give deposition in lawsuit over protesters’ assault claims
Former U.S. President Donald Trump leaves Trump Tower in Manhattan on May 18, 2021 in New York City. James Devaney | GC Images | Getty Images Former President Donald Trump is scheduled to be deposed next week in New York City for a lawsuit filed by protestors who allege they were “violently attacked” by his […]
Biden unveils plan to address climate change risks to economy
U.S. President Joe Biden delivers remarks on the September jobs numbers in the South Court Auditorium in the Eisenhower Executive Office Building on October 08, 2021 in Washington, DC. Chip Somodevilla | Getty Images The Biden administration on Friday unveiled a government-wide plan to address the systemic threat climate change poses to all sectors of […]
Sydney to allow quarantine-free international travel for Australians
People gather for picnics beside the Harbour Bridge in the suburb of Kirribilli on September 19, 2021 in Sydney, Australia. Covid-19 restrictions have eased for people in NSW who are fully vaccinated. James D. Morgan | Getty Images News | Getty Images Fully vaccinated Australians arriving in Sydney from overseas will no longer have to […]