Chairman Charles Grassley, R-Iowa, right, and ranking member Sen. Ron Wyden, D-Ore., are seen before a Senate Finance Committee hearing in Dirksen Building titled 'Drug Pricing in America: A Prescription for Change, Part II,' on February 26, 2019.Tom Williams | CQ-Roll Call Group | Getty ImagesThe Senate Finance...
Ford on Tuesday released a video of an all-electric F-150 prototype truck towing 1.25 million pounds of double-decker rail cars carrying 42 Ford pickups.Source: FordDETROIT — Ford is going on the offensive to defend its highly-profitable pickup franchise from emerging all-electric truck competitors such as Tesla.A month after...
Ethan Brown, founder and chief executive officer of Beyond Meat Inc., center, celebrates with his wife Tracy Brown, center left, and guests during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, on Thursday, May 2, 2019.Michael Nagle | Bloomberg | Getty ImagesShares of...
After raising its revenue forecast Tuesday, Coca-Cola is feeling positive heading into the second half of 2019 as concerns about economic uncertainty wane. "We saw some clouds on the horizon, too," CEO James Quincey said on CNBC's "Squawk on the Street. " "But the storm never arrived,...
Curaleaf products are displayed for sale at the company's store in Queens, New York.Jeenah Moon | Bloomberg | Getty ImagesThe Food and Drug Administration issued a warning letter to Curaleaf for allegedly "illegally selling" CBD products with "unsubstantiated claims" like the products treating cancer, Alzheimer's disease, opioid...
Brian Goldner CEO of HasbroAdam Jeffery | CNBCThe U.S.-China trade war is spurring Hasbro to reduce its reliance on China for making its toys.China has long been an important country for manufacturing toys: 67% of Hasbro's products sold in the U.S. came from there last year.However, as Washington and Beijing...
GE Renewable Energy, a subsidiary of General Electric based in Paris, revealed "the first manufactured components" for its gigantic Haliade-X 12 megawatt (MW) offshore wind turbine. On Monday, the firm displayed the first nacelle for the turbine, which will now be shipped from Saint-Nazaire in France to...
Cannabis buds at Glass House Farms in Carpinteria, California on October 2, 2018.Philip Cheung | The Washington Post | Getty ImagesU.S. lawmakers are looking at easing restrictions on cannabis laws that restrict the industry's access to mainstream banking services at a Senate hearing Tuesday — as momentum to...
A worker assembles front loading machines at the Whirlpool Corp. manufacturing facility in Clyde, Ohio.Luke Sharett | Bloomberg | Getty ImagesWhirlpool on Monday reported better-than-expected quarterly earnings and lifted its full-year profit forecast, as the appliance maker raised prices on its washing machines and kitchen appliances to offset...
Amazon CEO Jeff Bezos announces Blue Moon, a lunar landing vehicle for the Moon, during a Blue Origin event in Washington, DC, May 9, 2019.Saul Loeb | AFP | Getty ImagesAmazon is expected to report its second-quarter earnings on Thursday but one analyst at BMO is warning investors...