Business

The Lotus Evija electric hypercar, manufactured by Group Lotus Plc, a unit of Zhejiang Geely Holding Group Co Ltd., sits on display following its unveiling at the Royal Horticultural Halls in London, U.K., on Tuesday, July 16, 2019. Bloomberg | Bloomberg | Getty Images It’s been 11 year since Lotus Cars introduced a new model,
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Alex Gorsky, CEO of Johnson & Johnson Adam Jeffery | CNBC Johnson & Johnson vowed to defend itself against lawsuits alleging the company fueled the opioid crisis and that its namesake talc-based baby powder caused ovarian cancer and mesothelioma. The iconic health-care company faces more than 14,000 lawsuits over its talc-based baby powder, as well
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Stewart Butterfield, CEO and co-founder of Slack, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, July 10, 2019. Gerry Miller | CNBC Microsoft might be the primary competitor for Slack, but the widespread adoption of Microsoft’s software is not a major problem for Stewart Butterfield, co-founder and CEO of
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Ashley Cooper/Construction Photography/Avalon | Hulton Archive | Getty Images Wind turbines in Scotland generated 9,831,320 megawatt hours between January and June 2019, WWF Scotland said Monday. The numbers, which were supplied by WeatherEnergy, mean that Scottish wind generated enough electricity to power the equivalent of 4.47 million homes for six months. That is almost double
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Hemp plants are grown for medical research purposes in Chiang Mai province, Thailand. Taylor Weidman | Bloomberg | Getty Images With Thailand’s legalization of medical cannabis in February, some experts predict that other Southeast Asian countries may move to decriminalize the plant. If that happens, it could prove a significant opportunity for investors interested in
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Paul J. Richards | AFP | Getty Images Despite the year being more than halfway over, the pace of store closures doesn’t appear to be slowing down in the retail industry. More companies piled on the bad news this week. So far, 7,062 store closures have been announced by U.S. retailers this year, according to
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Shares of FedEx have been tough to own of late, CNBC Mad Money host Jim Cramer said Thursday, but he pointed to an optimistic sign in its recent stock activity. The stock mustered a rally after the company reported mixed quarterly results late last month. On the conference call, management told shareholders that the global economic
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Amarin Corp.: “You know, it’s pretty good. … I say, you know what, speculative but” buy, buy, buy. MPLX: “These pipeline compnies have been so painful, but they’re actually moving up. … I am literally going to stick my neck out … and say it’s O.K. to own.” Zynerba Pharmaceuticals: “Very interesting, but you know
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The Wallich Residence is located within the Tanjong Pagar Centre (second from right), Singapore’s tallest building. Everett Rosenfeld | CNBC British technology firm founder James Dyson and his wife have bought a luxury penthouse in Singapore for a record 73.8 million Singapore dollars ($54.2 million), according to The Business Times newspaper on Wednesday. The privately
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