(Reuters) – Paramount Global is raising subscription rates for its flagship streaming services, the media giant said on Monday, as it looks to recalibrate its business and pay off debt. The revision in pricing comes at a time when merger talks between Non-Executive Chairwoman Shari Redstone and David Ellison’s Skydance Media for a potential sale…
By Dietrich Knauth NEW YORK (Reuters) – MedImpact’s attempt to recoup about $200 million related to its purchase of Rite Aid’s pharmacy benefit unit failed after a judge ruled on Monday that it took on Elixir’s debts when it bought the company. U.S. Bankruptcy Judge Michael Kaplan at a hearing in Trenton, New Jersey said…
By Isabelle Yr Carlsson and Maggie Fick COPENHAGEN/LONDON (Reuters) – Obesity drug-maker Novo Nordisk will spend $4.1 billion to build a U.S. facility to fill injection pens for its hugely popular weight-loss treatment Wegovy and diabetes drug Ozempic, it said on Monday. Construction of the plant at Novo’s existing main U.S. manufacturing site in Clayton,…
By Abhirup Roy NORMAL, Illinois (Reuters) -Electric-vehicle maker Rivian’s drive to cut costs and turn its first profit has removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts from the design of its flagship SUVs and pickups. The result of Rivian retooling its manufacturing…
