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Warner Bros. Discovery faces operational uncertainty as its proposed $110 billion merger with Paramount Skydance faces regulatory delays and antitrust challenges from California officials.
Gap appointed Michael Francis as the new Old Navy CEO effective November 2, aiming to revive the struggling brand. The announcement boosted Gap shares 12% in extended trading.
Federal Reserve Chair Kevin Warsh signaled at Jackson Hole that inflation remains above target, prompting markets to increase bets on potential interest rate increases in the coming months.
A court of appeal ruling has ended a widespread tax avoidance scheme involving placing boxes in empty London offices to avoid business rates, a practice estimated to have cost councils over £1 billion.
BT is on track to receive over £2 billion from selling surplus copper cabling over the next decade as it upgrades the UK network to full-fibre broadband, capitalizing on surging copper prices driven by AI and renewable energy demand.
President Trump announced new drug pricing agreements with nine pharmaceutical companies, bringing his administration’s total to 26 companies representing an estimated 90% of the U.S. pharmaceutical market.
