News from Nashville & around the world
The FTC and HHS are seeking public comment on the contracting practices and market concentration of group purchasing organizations and drug wholesalers. U.S. News
Once booming, direct-to-consumer companies such as Casper, Allbirds and Peloton now struggle with profitability, layoffs and the cost of advertising. U.S. News
New York Attorney General Letitia James is suing Donald Trump, his adult sons, his company and its top executives for allegedly inflating Trump’s net worth. U.S. News
Fani Willis rejected accusations from one of Trump’s co-defendants that the relationship constitutes a disqualifying conflict of interest. U.S. News
The report addresses controversy that has swirled around Cruise since an Oct. 2 accident in which a pedestrian was dragged 20 feet by a Cruise robotaxi. U.S. News
Markets have become less convinced that the Federal Reserve is ready to press the button on interest rate cuts. U.S. News
Wall Street has been focused on Novo Nordisk, Eli Lilly and other large drugmakers hoping to join the weight loss drug market, such as Pfizer, Roche and Amgen. U.S. News
Microsoft’s market capitalization eclipsed Apple’s a day after it showed off artificial intelligence capabilities in front of developers in San Francisco. U.S. News
Trend Micro, which employed 7,582 employees as of June 2023, said it would lay off 2% of its worldwide workforce as part of a business transformation plan. U.S. News