Eli Lilly, Novo Nordisk develop weekly insulin

A patient injects herself with an insulin pen. Guido Krzikowski | Bloomberg | Getty Images Think a friend or colleague should be getting this newsletter? Share this link with them to sign up. Good afternoon! The rivalry between Eli Lilly and Novo Nordisk extends beyond a buzzy class of weight loss and diabetes drugs called GLP-1s.  … Read more

Shipping data shows mid-range retail is new consumer price sweet spot

Trucks wait to enter the Port of Los Angeles in Los Angeles, California, US, on Monday, Dec. 4, 2023. The US Census Bureau is scheduled to release trade balance figures on December 5. Photographer: Eric Thayer/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images The latest shipping data is beginning to reveal what U.S. … Read more

Uber announces Uber Shuttle, Uber Caregiver, Costco perks

Uber on Wednesday announced several new product updates at the company’s annual Go-Get showcase in New York City that aim to help its customers save money on rides and food. The product updates reflect Uber’s continued push to drive growth and demand across its mobility and delivery business segments. The new features could help the … Read more

Uber to acquire Foodpanda’s Taiwan business for $950 million

TAIPEI, TAIWAN – 2021/07/19: A foodpanda delivery man wearing a face mask rides past a Taiwanese flag ahead of the COVID-19 alert Level 3 restriction lift in Taipei. (Photo by Walid Berrazeg/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Uber Technologies will acquire the Taiwan business of Delivery Hero-owned Foodpanda for … Read more

Jim Cramer’s takes on Uber, Lyft, DoorDash and Instacart

CNBC’s Jim Cramer on Monday provided his take on four major stocks in the gig economy sector: Uber, Lyft, DoorDash and Instacart parent Maplebear. “After hearing from all of these companies, what I see is a confusing situation: Uber, DoorDash and Instacart are all lower after earnings, while Lyft managed to gain a bit of … Read more

Uber (UBER) Q1 2024 earnings

Dara Khosrowshahi, CEO of Uber, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Uber reported first-quarter results on Wednesday that came in slightly above analysts’ estimates for revenue, but the ridesharing company posted an unexpected net loss. Shares fell more … Read more

Earnings from Disney, Uber and Warner Bros.

CNBC’s Jim Cramer on Friday guided investors through the upcoming earnings-packed schedule on Wall Street, saying to focus on reports from companies such as Uber, Disney and Warner Bros. Discovery. Since April’s labor report was weaker than expected, he said investors can worry less about the Federal Reserve’s next move. “Now that it’s clear the … Read more

Klarna scores payment deal with Uber ahead of anticipated IPO 

The Swedish “buy now, pay later” pioneer said Tuesday that its new design would help users find the items they want by using more advanced AI recommendation algorithms, while merchants will be able to target customers more effectively. Rafael Henrique | SOPA Images | LightRocket via Getty Images Klarna on Wednesday announced a global partnership … Read more

Elon Musk is keeping investors’ dreams of a Tesla robotaxi alive

Tesla CEO Elon Musk is pictured during a visit at the company’s electric car plant in Gruenheide near Berlin, eastern Germany, on March 13, 2024, as employees resumed work after production had to be halted due to a suspected arson attack that caused a power outage.  Odd Andersen | AFP | Getty Images By just … Read more

Waymo self-driving cars are delivering Uber Eats orders for first time

Two Waymo autonomous vehicles drive themselves down Central Avenue in Phoenix, Arizona, U.S., March 18, 2024.  Caitlin O’hara | Reuters Uber Eats customers may start receiving orders delivered by a Waymo self-driving car for the first time in the Phoenix metropolitan area. The new service, which rolls out on Wednesday, marks the official launch of … Read more