Pizza chain Papa John’s has had a rough couple of years and has been working on a plan to turn itself around. With new board members—and a big investment check—they may be starting on the right path. On Monday, the company announced hedge fund Starboard Value has opted to invest $200
On Friday, Eli Lilly and Co said that its new cancer treatment did not improve patient survival in a long-term confirmatory study. While the medication, Lartruvo, did win conditional approval, the drugmaker will no longer prescribe the product. Indeed, no new patients will start this drug regimen as Lilly is suspending any
This holiday season is a bear for the US stock market, literally. As we approach the week of Christmas, the Nasdaq Composite tumbled a shocking 8.4 percent, to 6332.99. This is its biggest drop since 2008 and a major contributor to the 22 percent the index has fallen since peaking
It looks like ride-hailing app company Uber really wants to be the go-to place for all things transportation. In April, Uber acquired electric scooter startup Jump. This marks the app-based ride-sharing company’s latest interest in this budding industry, as sources report Uber has been in talks with both Bird and Lime.
Sprouts Farmers Market shares took a big tumble today as the grocery chain announced a coming change in their leadership. This week, Phoenix-based Sprouts Farmers Market (NASDAQ: SFM) said that current CEO Amin Maredia has a plan to leave the company by the beginning of next year to “pursue other