Starbucks beats quarterly sales and profit expectations

More in Business

• Rivian says it’s on track for $250 million Uber funding by year-end, R2 demand strong

  The electric vehicle maker is moving forward with plans to finalize a major capital infusion before the close of the year. This incoming financial support coincides with positive market interest surrounding the company's next-generation platform. Sustained interest in the upcoming vehicle lineup provides critical momentum as the automaker seeks to expand its footprint.

  1 min read
• DoorDash offers $17 billion for Instacart in what would be big grocery delivery consolidation

  The multi-billion-dollar tie-up aims to integrate DoorDash's global logistics network with Instacart's deep grocery technology to mount a stronger defense against retail giants like Walmart and Amazon. If cleared by regulators and shareholders, the combined entity would give consumers expanded store access and consolidated membership plans. However, retail analysts warn the union could diminish marketplace competition, potentially driving up delivery costs for shoppers while curbing merchant bargaining power.

  11 min read
• Gilead hikes 2026 sales outlook, says Medicare cuts Biktarvy price by 38% starting in 2028

  The pharmaceutical giant adjusted its medium-term financial projections upward to reflect stronger expectations for its broader portfolio. Meanwhile, federal health officials have targeted the flagship HIV medication for substantial government price reductions later this decade. These impending regulatory discounts will reshape the drugmaker's long-term revenue profile under federal healthcare programs.

  1 min read