Vitamin Shoppe owner Franchise Group Inc would be taken private by a management group led by CEO Brian Kahn in a deal valued at about $2.6 billion, the company said on Wednesday.
Airbnb’s shares slid 13% before the bell on Wednesday after the top vacation rental firm issued a gloomy second-quarter forecast and signaled that the high cost of travel may be finally catching up to budget-conscious U.S. consumers.
Several U.S. companies, including PepsiCo, Qualcomm and Cummins, struck a cautious note on their growth prospects in China, blaming what they said was a slower-than-expected recovery after the country lifted COVID curbs in December.
U.S. liquefied natural gas (LNG) developer Tellurian Inc TELL.A said on Wednesday it has appointed Simon Oxley as chief financial officer, effective June 1.
The leaders of major insulin makers and pharmacy benefit managers (PBMs) are set to blame each other on Wednesday in their testimonies during a U.S. Senate committee hearing on making the life-saving drug more affordable.
The New York Times Co missed quarterly revenue estimates on Wednesday as recession-wary businesses slashed spending on digital ads and readers reconsidered paid subscriptions.
German companies are increasing investment in China, even as the German government, the European Union and the G7 want to “derisk” their relationships with Beijing.
An investment consortium, comprising of Elliott Investment Management, Patient Square Capital and Veritas Capital, has agreed to take Syneos Health Inc private for $4.46 billion, the contract research firm said on Wednesday.
Shares of Rivian Automotive Inc rose 7% on Wednesday as its positive earnings stood out in a poor quarter for electric-vehicle startups, but analysts warned that stiff competition will be a hurdle in its path to profitability.
Trulieve Cannabis Corp posted a bigger-than-expected fall in first-quarter revenue on Wednesday, as demand for pot and related products weakened amid rising recession fears.
