Nestlé to Slash 16,000 Jobs in Cost-Cutting Push
The company’s new chief executive, Philipp Navratil, announced the reductions as part of a plan to turn around the world’s largest food company. Source link
Business
Track the latest in business and finance—from market trends and economic updates to startup stories and global trade analysis.
China’s Rare Earth Restrictions Aim to Beat U.S. at Its Own Game
Beijing’s latest effort to weaponize global supply chains is modeled on the American technology controls that it has long criticized. Source link
Denmark’s Renewable Energy Prospects Dim Under the Trump Administration
Orsted, a Danish wind farm developer, has been hammered by high costs and President Trump’s efforts to stymie renewable energy. Its struggles are rippling across Denmark. Source link
America Is Heavily Reliant on China for Raw Materials in Medicines
A new analysis found that nearly 700 drugs approved for use in the United States depend on chemicals solely produced in China. Source link
The Penny’s Demise Is Leaving Some Businesses Shortchanged
Some stores are rounding transactions to the nearest nickel and encouraging customers to pay with plastic, citing the Treasury Department’s decision to phase out the penny. Source link
U.S. to Take Control of More Companies as China’s Rare Earth Dominance Grows
Treasury Secretary Scott Bessent said China’s dominance of rare earths calls for a more assertive American industrial policy. Source link
NBC News Cuts About 7% of Staff
The layoffs come ahead of a corporate spinoff that will formally separate the parent company of NBC News from cable networks like MSNBC and CNBC. Source link
Delaware’s Highest Court Considers Elon Musk’s Tesla Pay Plan
The justices on the State Supreme Court heard arguments in a long dispute about whether the Tesla chief executive’s compensation was fair to shareholders. Source link
Jeep Parent Stellantis, Faced With Trump’s Tariffs, Shifts Auto Production From Canada to the U.S.
Canadian leaders blame the move by Stellantis, the automaker, on President Trump’s tariffs. Mr. Trump says he wants to increase domestic auto production. Source link
Is the Fed Too Confident About Inflation? Some Economists Think So.
The central bank confronts “no risk-free path” in balancing the risk of a sharp slowdown in the labor market and resurgent price pressures. Source link