Hims & Hers plummets 16% after first-quarter loss, weak earnings guidance
Hims & Hers reached a deal with Novo Nordisk in March to sell its GLP-1 weight loss drug Wegovy on its platform.
EBay rejects GameStop’s audacious $56 billion takeover bid
EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal.
Amazon accelerates delivery race with 30-minute dropoffs in dozens of U.S. cities
Amazon has been gradually speeding up its delivery windows, after getting customers hooked on two-day and next-day shipping.
What’s at stake for trade, Taiwan and Iran in Trump’s high-risk summit with China’s Xi
China experts expect Trump and Xi may announce trade deals or other agreements, such as a Chinese purchase of U.S. agricultural products or Boeing aircraft.
Crypto legislation faces another hurdle: Labor unions
Major labor groups ask senators in a letter obtained first by CNBC to oppose a crypto bill over concerns retirement accounts could be harmed.
On Holding beats first-quarter expectations, sees double-digit growth in China as Nike lags
Swiss sneaker company On beat Wall Street’s expectations on the top and bottom lines, helped in part by strong sales in China.
Behind Big Oil’s first-quarter beat: The quiet rise of trading desks
Europe’s oil supermajors highlighted trading contributions as they reported stronger-than-expected profits through the first three months of the year.
CNBC Daily Open: Can Starmer ‘keep calm and carry on?’
U.K. Prime Minister Keir Starmer faces a crunch cabinet meeting this morning, after failing to quell a growing party rebellion.
UK should commit to rejoin the EU, London mayor tells CNBC
London mayor Sadiq Khan said that Prime Minister Keir Starmer should commit to rejoining the European Union and be “bigger and bolder.”
European stocks to open lower as hopes for U.S.-Iran peace deal fade
European stocks are expected to open in negative territory as prospects for a speedy resolution to the U.S.-Iran war appear increasingly remote.