Boeing plans to boost 737 Max production to 38 planes per month despite manufacturing snag
Boeing said Wednesday it will increase output of 737 Max planes to 38 a month later this year, up from 31 a month.
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Target shoppers can now make a return without leaving the car
The big-box retailer is sweetening the service, as it tries to hang on to pandemic-fueled gains.
Warner Bros. Discovery previews a stacked film slate, centered around this summer's 'Barbie'
CEO David Zaslav told attendees at CinemaCon that the studio will release 16 films in 2023 and hopes to do more than 20 releases annually going forward.
Chipotle Mexican Grill's restaurant traffic grows as the chain proves its pricing power
Shares of Chipotle jumped after the company's earnings and revenue beat Wall Street's expectations.
Illumina unveils plans to cut costs as it faces shrinking margins
The plans aim to reduce Illumina's annualized run rate expenses by more than $100 million starting later this year.
Mpox outbreak was wake-up call for smallpox preparation, vaccine maker Bavarian Nordic says
Bavarian Nordic plans to sharply scale up production of its Jynneos vaccine to prepare for a smallpox emergency, CEO Paul Chaplin said.
JetBlue posts quarterly loss but forecasts profit thanks to strong travel demand
JetBlue posted a loss for the first three months of the year but forecast a profit for the second quarter thanks to strong travel demand.
Japanese ispace moon landing attempt falls short at 'very end,' CEO says
Japanese company ispace aimed to be the first private enterprise to land on the moon, but lost communication and is investigating the attempt's result.
Gap will cut more than 500 workers in latest layoffs, as struggling retailer tries to reduce costs
Gap will lay off more than 500 employees in its latest round of job cuts as the apparel retailer looks to reduce costs and get back to profitability.
UPS shares fall after delivery giant reports disappointing earnings
UPS reported first-quarter misses on both earnings and revenue amid contentious contract negotiations and deceleration in U.S. sales.
Biogen isn't concerned about competing with Eli Lilly in the Alzheimer’s drug space, CEO says
Biogen CEO Christopher Viehbacher said during an earnings call that Eli Lilly needs to consider maintenance doses its Alzheimer's treatment donanemab.
FDA grants accelerated approval for Biogen ALS drug that treats rare form of the disease
The FDA's approval requires Biogen to further study its ALS drug tofersen to further verify its clinical benefits.
GM to end production of electric Chevy Bolt, its first mass-market EV, later this year
The Chevy Bolt EV and EUV, a larger version of the car, make up the vast majority of the company's electric vehicle sales to date.
McDonald's diners are pushing back against price increases in some markets, CEO says
Consumer companies like McDonald's, PepsiCo and Coca-Cola are reporting mixed reactions to higher prices during the first quarter.
McDonald's earnings beat estimates as U.S. traffic grows despite price hikes
Shares of McDonald's have risen 11% this year, giving it a market value of $214 billion.
PepsiCo raises outlook as quarterly results beat expectations
PepsiCo said its strong first quarter prompted it to raise its outlook for the year.
Lucid's Gravity SUV is taking another step toward production with tests on public roads
Lucid has promised that the Gravity will have greater electric range than any SUV currently on the market.
Travel recovery boosts jet engine units at GE and Raytheon
The engine sales increase comes as Boeing and Airbus are trying to boost aircraft production.
General Motors raises 2023 guidance as first-quarter earnings beat expectations
General Motors on Tuesday raised key guidance for 2023 after reporting first-quarter results that topped Wall Street's top- and bottom-line forecasts.
Sony teases 2023 film slate, including R-rated 'Kraven The Hunter'
Sony showed 14 minutes of "Spider-Man: Across the Spider-Verse" — due out June 2 — to CinemaCon audiences.
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