Amazon is stepping into the pharmaceutical industry by launching an exclusive line of over-the-counter health products.
Some analysts say this could benefit customers by causing a price war. and forcing CVS and other pharmacies to lower prices.
There's a new item coming to Chipotle menus: the fast casual chain is introducing quinoa as an alternative to its lime cilantro rice. It's prepared with some lime, citrus juice, cumin, and fresh cilantro. Chipotle's founder Steve Ells says the chain is considering adding salads with other kinds of grains, in addition to nachos and quesadillas.
There's a new medal event at the Olympics: Tinder.
The dating app is releasing data on the most-swiped athletes at the Pyeongchang games. Male bobsledders and female snowboarders are taking home the gold. Male hockey players, skiers, and skeleton racers also placed high. So did female lugers. Tinder's been a mainstay of the Olympic Village since the 2014 games in Sochi. The platform says its seen a 348 percent spike in usage at the games this year. Olympians have free access to Tinder's gold tier.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
