Walmart, the retail giant, is making significant strides in its online marketplace to compete with its arch-nemesis, Amazon. With an ambition to enhance online sales and narrow the wide gap, Walmart held its inaugural Walmart Marketplace Seller Summit. The event, attended by more than 1,500 businesses selling various products on Walmart’s website, aims to attract
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The Biden administration has taken a significant step towards lowering drug costs for older adults in the U.S. by unveiling a list of 10 drugs that will be subject to price negotiations between manufacturers and Medicare. This announcement marks an effort to address the increasingly burdening costs of prescription medications for Medicare Part D beneficiaries.
The Brazilian beauty conglomerate Natura & Co is reportedly contemplating the sale of The Body Shop after the brand experienced yet another quarter of declining sales. In a recent securities filing, Natura & Co, the owner of Avon and Natura brands, revealed that its board of directors has authorized management to explore strategic alternatives for
Throughout the ongoing contract negotiations between United Auto Workers (UAW) and automotive giants General Motors, Ford Motor, and Stellantis, the possibility of strikes has become a significant concern. UAW members have overwhelmingly granted union leaders authorization to call for strikes if deemed necessary. While the final votes are still being counted, initial results show an
In a world dominated by superheroes and franchise installments, there emerged an unexpected champion at the North American box office. Director Greta Gerwig’s collaboration with Mattel and Warner Bros. Discovery resulted in “Barbie,” a film that shattered records and exceeded all expectations. With a staggering domestic box office revenue of over $575.4 million, “Barbie” has
The ongoing dispute between Hollywood producers and the Writers Guild of America (WGA) union shows no signs of resolution, as talks remain heated. In an attempt to gain public support and shed light on the negotiations, the Alliance of Motion Picture and Television Producers (AMPTP) has made their latest contract proposal public. However, a critical
The housing market has experienced a setback as sales of previously owned homes dropped 2.2% in July compared to the previous month. This decline is significant, with sales reaching their slowest pace since 2010. The National Association of Realtors reports that sales were also down 16.6% compared to July of last year. Several factors, including
The classic-car market is experiencing a slowdown, as evidenced by the results of Monterey Car Week. While total sales for the auctions reached an impressive $397 million, this marked a 16% drop from last year’s record total of $473 million. The market has been cooling for the past 15 months, but this year it finally
Aldi, the German no-frills discounter, is making waves in the grocery industry with its latest move. It has announced plans to acquire approximately 400 Winn-Dixie and Harveys Supermarket locations in the Southern United States. This strategic expansion includes taking over the operations of these stores in Florida, Alabama, Georgia, Louisiana, and Mississippi, and rebranding some
Shares of Bloomin’ Brands, the parent company of Outback Steakhouse, experienced a surge of 9% in premarket trading on Friday following the disclosure of an activist investor’s interest in the restaurant company. Starboard Value, the activist investor, has now acquired a 9.9% stake in Bloomin’ Brands, according to a regulatory filing. This news comes amidst