Nike results top estimates even as China sales drop 12%; retailer expects $986 million tariff refund

Nike was expected to report another quarter of declining sales as the sneaker giant struggles to regain strength under its turnaround strategy....

American Airlines brings grab-and-go lounge to New York's JFK

American Airlines is opening a grab-and-go lounge at New York's JFK...

Medicare will start covering obesity drugs for the first time. Here's what patients should know

The move could unlock millions of new patients for Novo Nordisk and Eli Lilly and expand access to medications that were previously out of reach for seniors....

Comcast's NBCUniversal spinoff raises hope for more deals. There may not be good options

Comcast plans to separate its cable and media divisions over the next year. This could set each company up for M&A, but there might not be any good options....

Eli Lilly, Regeneron among first companies selected for FDA initiative to speed review of new manufacturing facilities

Eli Lilly and Regeneron are among the first seven companies the FDA has selected for its PreCheck Pilot Program, CNBC has learned....

Seniors in Medicare are about to get landmark obesity drug coverage — but many may not know it yet

Many seniors may be unaware of the landmark coverage shift starting on July 1, with limited advertising seen from the government or Eli Lilly and Novo....

A 'perfect storm' points to a much smaller U.S. auto market by 2040

The auto industry is selling fewer cars--one forecaster says this is a fundamental change, and it is going to get worse....

How Kohl's lost its way — and is trying to become relevant again

Kohl's went from a household name to a plunging stock as it lost relevancy and its core customer. Now, the company is trying to turn itself around....

A surprisingly strong summer box office could mean Hollywood's first $10 billion year since the pandemic

Hollywood is having its best summer since the pandemic putting the annual box office on pace to cross $10 billion for the first time in seven years....

Walmart heir Lukas Walton buys minority stake in the Chicago Bulls and United Center

Lukas Walton is the 39-year-old grandson of Walmart founder Sam Walton. He and his wife, Samantha, are residents of Chicago....