CNN – Business/Consumer

By Evan Simko-Bednarski, CNN Business Three opioid distributors have settled a lawsuit with New York state to the tune of over $1 billion, according to the office of NY Attorney General Letitia James. In a settlement negotiation that ran late into the night Monday, according to a source familiar with the discussions, McKesson Corporation, Cardinal

By Anneken Tappe, CNN Business Stocks rallied Tuesday, rebounding from a miserable trading session at the start of the week when the Dow logged its worst day since October. After rising moderately at the New York opening bell, the rally picked up pace for the rest of the session. The Dow closed up 1.6%, or

By Hanna Ziady, CNN Business The travel and tourism sector is still struggling to get back on its feet more than a year into the coronavirus pandemic. That spells trouble for the economic recovery. The latest: Budget airline EasyJet, which flies between dozens of destinations in Europe, said Tuesday that less than half of its

By Diksha Madhok, CNN Business Bitcoin fell below $30,000 again as investors worldwide fret about the Delta variant and what it means for the next stage of the coronavirus pandemic. The cryptocurrency is down roughly 6% over the last 24 hours, according to Coindesk. Other cryptocurrencies also fell: Ethereum is down about 7%, while dogecoin,

By Julia Horowitz, CNN Business One of President Joe Biden’s priorities is a historic overhaul of global tax rules. The world’s most powerful 20 economies are on board. But an island nation of 5 million people is standing in the way. Biden still needs Ireland. For years, the country has successfully attracted hordes of global

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Jeff Bezos, a/k/a the “richest human being in the universe,” is about to leave Earth for a few spectacular minutes. It’s going to be one heck of a television and

By Diksha Madhok, CNN Business The coronavirus pandemic appears to have given an unexpected boost to a small — but influential — cohort of India’s working women. While the economy has been battered by Covid-19, educated women in middle-to-senior positions have seen job opportunities rise in the last year, recruiters in the country told CNN

By Kerry Flynn, CNN Business Britt McHenry’s sexual harassment lawsuit against Fox News and one of the network’s on-air personalities, George “Tyrus” Murdoch, has been voluntarily dismissed by the parties involved. “While FOX News is confident it would have prevailed in the lawsuit, we are pleased that we have been able to resolve this matter

By Frank Pallotta, CNN Business Prince Harry, one of the most talked-about figures in the world, is publishing a memoir next year that he calls “wholly truthful.” The Duke of Sussex will release the book via Penguin Random House globally in late 2022, the publisher announced on Monday. It added that Prince Harry will “for

By Alexis Benveniste, CNN Business Ben & Jerry’s will no longer sell ice cream in occupied Palestinian territories, saying it’s inconsistent with the values of the socially conscious brand. The ice cream company, which is owned by Unilever, has been doing business in Israel since 1987. But the brand has come under scrutiny for its

By Matt Egan, CNN Business President Joe Biden is cracking down on monopolies. And that has some on Wall Street worried. Goldman Sachs is warning clients that Biden’s July 9 executive order calling for antitrust agencies to closely inspect mergers could slow what the investment bank described as a “blockbuster” year for mergers and acquisitions.

By Oliver Darcy, CNN Business Tucker Carlson has called the idea of vaccine passports the medical equivalent of “Jim Crow” laws. And other Fox News personalities have spent months both trafficking in anti-vaccine rhetoric and assailing the concept of showing proof of vaccination status. But Fox Corporation, the right-wing talk channel’s parent company, has quietly