The Pharmacy-Benefit Sector Just Took a Hit
Shares of CVS Health fell after Blue Shield of California said it would replace CVS’s pharmacy-benefit management unit with companies including Amazon […]
Televising the Trump Trials Would Be a Public Service
The demands of justice have to be balanced against the need for transparency
Outback Steakhouse Owner Draws Activist Investor
Starboard Value has built a stake of 9.9% in Bloomin’ Brands, making it one of the company’s top-five shareholders.
SoftBank Buys Vision Fund’s Stake in Arm at $64 Billion Valuation
The Japanese technology investor arranges deal ahead of the chip designer’s planned IPO, which is expected to be the largest of the […]
Why This Coffee Giant Is Staying Put in Russia
The owner of Peet’s Coffee is renaming a major brand, rejiggering supply chains and hitting back at those who say it should […]
Hundreds of Gun Dealers Lose Licenses Under Biden Administration Crackdown
After years of light enforcement to encourage cooperation, the ATF is clamping down on firearm sellers, who say they are being unfairly […]
Cats May Object to the Latest Research on Mice
Scientists are helping mice hear better. Cats’ jobs just got harder.
How Big Tech Broke Smaller-Company Investing
The behemoths of the stock market have become so big that they’re distorting gauges that define company size.
Job Hunters Invade Dating Apps. ‘It’s a Little Awkward.’
Young professionals try new ways to advance their careers—but not everyone wants to mix dating and networking.
An Auto-Parts Retailer Crashed—It Can Be Fixed
Advance Auto Parts could run like a dream again with a new CEO.
XPeng’s Second-Quarter Net Loss Widened on Sales Slump
The Chinese electric-vehicle maker’s net loss widened in the second quarter due partly to a slump in sales, but it projected a […]
Private Equity Firms Return—Tentatively—to Debt-Fueled Payouts
Mired in a slump, some private-fund managers tap costly borrowing to pay themselves dividends.