Money

By Julia Horowitz, CNN Business Since 2020, investors have been rallying behind shares of Pfizer and Germany’s BioNTech, two companies that were poised to play a crucial role in helping bring an end to a devastating pandemic. Those bets have paid off. What’s happening: On Monday, the US Food and Drug Administration granted full approval

By Jordan Valinsky, CNN Business Peloton’s lower-priced and smaller treadmill is finally going on sale. The release of the Peloton Tread was originally scheduled for May, but was paused amid safety concerns for the company’s higher-end treadmill that prompted a massive recall for both machines. Now, the $2,495 machine is being released on August 30

By Charles Riley, CNN Business McDonald’s has been forced to stop selling milkshakes and bottled drinks at nearly 1,300 restaurants in the United Kingdom as Brexit-related staff shortages and supply chain delays caused by the pandemic continue to slam companies. “Like most retailers, we are currently experiencing some supply chain issues, impacting the availability of

By Paul R. La Monica, CNN Business Amazon, Walmart and Target have stepped up their games in the grocery business. So it may come as a surprise that shares of traditional supermarket chain Kroger are up nearly 50% this year and trading at an all-time high. Kroger, like other food retailers, has been a major

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. Some of the most compelling stories in politics this year have been at state capitols, shining a spotlight on the importance of state-level coverage. In New York, Kathy Hochul is

By Oliver Darcy, CNN Business The New York Post, the Rupert Murdoch-owned tabloid that has peddled a high volume of anti-mask rhetoric during the pandemic, informed employees this month that they are required to wear a mask while at the office, according to a memo obtained by CNN Business. “Masks are required while walking the

By Nathaniel Meyersohn, CNN Business Store closures in America are expected to drop to a five-year low in 2021– but that’s not exactly good news. The reason is that the industry, which has been hurt in recent years by a shift to online shopping, may have bottomed out last year, when closures were the highest

By Frank Pallotta, CNN Business Disney is releasing more details about the financial performance of “Black Widow” as the company pushes to have a lawsuit brought by Scarlett Johansson — the film’s star — go to arbitration. The company revealed in a court filing on Friday that the Marvel superhero film has made more than

By Anna Bahney, CNN Business The housing market is showing signs of cooling off. Sales of existing homes — which include single-family homes, townhomes, condominiums and co-ops — were up 2% in July from the month before, marking two consecutive months of increases, according to a report from the National Association of Realtors. The number

By Oliver Darcy, CNN Business Public health officials are aggressively dispelling claims by right-wing media personalities who have been promoting an anti-parasitic drug used for livestock as a potential Covid-19 treatment. “You are not a horse. You are not a cow,” the US Food and Drug Administration tweeted Saturday. “Seriously, y’all. Stop it.” Top conservative