Business

Facing the prospect of millions, or even billions, of dollars in potential liabilities tied to the nation’s opioid epidemic, one drugmaker has a nimble plan: spin those liabilities into a separate company. Mallinckrodt Pharmaceuticals, the U.K.-based drugmaker best known for selling a $1 billion-a-year medicine called H.P. Acthar Gel, told investors in December it planned

Goldman Sachs upgraded Micron over the weekend and injected optimism in the semiconductor space — and it has investors talking, CNBC’s Jim Cramer said Monday. An analyst at the investment bank predicted that excessive memory chip supply will sell off more quickly than once thought and that prices will begin to rebound in the third

A video still from the NBC archive showing Donald Trump talking with Jeffrey Epstein at a party in Mar-A-Lago from 1992. NBC Check out these names. The “black book” of wealthy financier and now-accused child sex trafficker Jeffrey Epstein is a smorgasbord of high-profile, powerful people, including Presidents Donald Trump and Bill Clinton, Britain’s Prince

European stocks are set to open slightly lower Monday morning, amid waning expectations of an aggressive interest rate cut by the Federal Reserve. The FTSE 100 is seen 3 points lower at 7,505, the CAC is expected to open down around 10 points at 5,542, while the DAX is poised to start 14 points lower

Chris Hemsworth and director Taika Waititi of Marvel Studios’ ‘Thor: Love and Thunder’ at the San Diego Comic-Con International 2019 Marvel Studios Panel in Hall H on July 20, 2019 in San Diego, California. Alberto E. Rodriguez | Getty Images Entertainment | Getty Images A decade ago, moviegoers were introduced to Tony Stark. He was

(L-R) Chris Evans and Robert Downey Jr. speak onstage during the Los Angeles World Premiere of Marvel Studios’ ‘Avengers: Endgame’ at the Los Angeles Convention Center on April 23, 2019 in Los Angeles, California. Jesse Grant | Getty Images Entertainment | Getty Images “Avengers: Endgame” is now the highest-grossing film of all time. On Sunday,

Taika Waititi and Natalie Portman speak at the Marvel Studios Panel during 2019 Comic-Con International at San Diego Convention Center on July 20, 2019 in San Diego, California. Kevin Winter | Getty Images Entertainment | Getty Images With “Spider-Man: Far From Home,” Phase 3 of the Marvel Cinematic Universe came to a close. Since the

Avengers Endgame Source: Marvel Studios. “Avengers: Endgame” is expected to become the highest-grossing film of all time in a matter of days, Kevin Feige, the head of Marvel Studios announced Saturday to a crowd of thousands in Hall H at San Diego Comic-Con. In just thirteen weeks in theaters, the Disney superhero flick will finally surpass

A group of Southwest Airlines Boeing 737 Max 8 aircraft sit on the tarmac at Phoenix Sky Harbor International Airport in Phoenix, Arizona. Ralph Freso | Getty Images The worldwide grounding of Boeing 737 Max planes is now in its fifth month and disruptions to air travel are set to continue for several months more.

CNBC’s Jim Cramer said Friday that the steel cycle is making a turn and Nucor will be the best way to play the market. In recent weeks, the big steelmaker twice increased the price of flat-rolled steel that summed up to $80 per ton, and that’s how the turn in the group tends to start,

Tom Cruise on the set of “Top Gun.” Paramount Pictures | Sunset Boulevard | Corbis | Getty Images On Thursday, Paramount debuted the first trailer for “Top Gun: Maverick,” a sequel to the much beloved ’80s classic “Top Gun,” at San Diego Comic-Con. By Friday, eagle-eyed fans had spotted one big difference between the iconic

PillPack co-founders TJ Parker and Elliot Cohen. Just over a year after buying online pharmacy PillPack for $753 million, Amazon is engaged in a bitter battle with an incumbent player in the pharmacy industry, which sources tell CNBC is working behind the scenes to prevent the company from accessing important patient data. PillPack’s pharmacy delivery

For people living in the developed world, electricity is something that can perhaps be taken for granted — with the flick of a switch or the press of a button they have lighting, TV and a huge number of other modern conveniences. Yet many people do not enjoy the same benefits. In sub-Saharan Africa, for

Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Digital banking is a key strategy to appeal to millennial consumers, Bank of America CEO Brian Moynihan told CNBC on Thursday. He estimates the bank serves 16 million millennial customers, ranging between the ages of 25 and 41, who have about $200 billion worth of

A number of Southwest Airlines Boeing 737 MAX aircraft are parked at Southern California Logistics Airport on March 27, 2019 in Victorville, California. Southwest Airlines is waiting out a global grounding of MAX 8 and MAX 9 aircraft at the airport. Mario Tama | Getty Images Uncertainty over when regulators will allow the Boeing 737

CNBC’s Jim Cramer said Wednesday that a number of bank stocks are worth buying, despite signs that the economy is weakening and the Federal Reserve won’t be raising interest rates this year. The banking cohort that have reported earnings thus far — Citigroup, JPMorgan Chase, Wells Fargo and Goldman Sachs — combined made $29.5 billion, which the

CNBC’s Jim Cramer on Wednesday recommended investors buy into the turnaround story of Boston Beer Company. The Samuel Adams beer maker, after years of declining revenue, has seen its share price more than double and break above $400 in “one of the most spectacular comebacks I’ve ever witnessed,” the “Mad Money” host said. “Losing stocks

Nick Pinchuk, chairman and CEO of Snap-on, is worried about the future of manufacturing work in America—not because of all the obsessive talk of industrial robots wiping out jobs and the impact of a trade war. Instead, Pinchuk sees a much bigger problem for the future of blue-collar jobs than sound bites at a time

Elon Musk speaks onstage during the E3 conference in Los Angeles on June 13, 2019. Charley Gallay | Getty Images Elon Musk’s ambitious brain-computer start-up Neuralink is looking to start trials on humans next year. Musk talked about the project at an event in San Francisco that was streamed live — with an eye toward

Domino’s Pizza is sticking by its long-term plans even as third party delivery companies such as GrubHub, Uber Eats and DoorDash present short term pressures, CEO Ritch Allison told CNBC following the company’s Tuesday earnings call. Delivery apps that make it convenient for customers to order food from a plethora of restaurants are “creating some