Tesla's huge brand damage, Walmart's manager pay, Target follows Costco: Business news roundup
Walmart’s CEO on what store managers making $600,000 does for business
Walmart’s big pay bump for its store managers is paying off, according to U.S. CEO John Furner.
Speaking at the National Retail Federation (NRF) State of Retail & the Consumer 2025, Furner highlighted the company’s efforts to boost engagement and performance across its management ranks.
Eli Lilly and Novo Nordisk are tackling heart health next
After revolutionizing the weight-loss drug market, Novo Nordisk (NVO) and Eli Lilly (LLY) are setting their sights on heart health.
Both pharma giants unveiled new clinical trial results over the weekend, highlighting potential cardiovascular benefits of their medications.
Novo Nordisk shared fresh data on semaglutide — the active ingredient in its blockbuster diabetes and weight-loss drugs, Ozempic and Wegovy. One study found that a weekly 2.4 mg dose led to a 20% reduction in major adverse cardiovascular events — such as heart attack, stroke, or death — among overweight or obese patients with existing cardiovascular disease, compared with a control group.
Target follows Costco and Walmart’s lead on tariffs
Target is reportedly pushing its Chinese suppliers to absorb some of the costs of U.S tariffs, following in the footsteps of retail giants like Costco and Walmart.
How major companies had a laugh on April Fools’ Day
April Fools’ Day is everyone’s favorite excuse to finally bust out a prank. Major corporations — or their social media managers and marketing heads, to be more precise — aren’t any different.
Trump’s ‘reciprocal’ tariffs will hurt most countries doing business with the U.S.
President Donald Trump has finally announced his reciprocal tariffs, which are set to hit every country that trades with the U.S. — and will likely hurt American consumers.
Delta, United, and other airline stocks are getting hammered by trade war fallout
Airline stocks suffered steep losses Thursday as shareholders contemplated the impact of tariffs on travel.
United Airlines (UAL) led the sector’s stocks in losses, cratering over 13% in midday trading. Allegiant Travel Company (ALGT) was not far behind, falling more than 12%. Allegiant’s business is heavily dependent on leisure travel, which experts fear may see a drop as consumers cut back. Sun Country Airlines and Frontier Airlines also depend on the leisure segment, and both saw their stock sink more than 10% midday.
Howard Lutnick is having a cow because Europe won’t take America’s ‘beautiful’ beef
Commerce Secretary Howard Lutnick has been on a media blitz defending President Donald Trump’s new tariffs, which are slamming markets and set to impact most major countries. A common thread? His love of American beef.
Tesla stock sinks as analysts say ‘unprecedented’ brand damage could hurt earnings
The effects of Tesla’s (TSLA) “unprecedented” brand damage have surprised even analysts at J.P. Morgan (JPM), who had already described the backlash against CEO Elon Musk as without equal in the history of the automotive industry.
How Trump’s tariffs could make your iPhone cost $3,500
Import taxes are a double-edged sword for manufacturers, and have a poor historical track record
How Costco’s Kirkland brand became a massive financial success
When Costco launched its Kirkland brand 30 years ago it set the company apart in a retail environment dominated by fragmented private label products