The Danish drugmaker said it needed to streamline operations and become more agile, as it faces a more competitive and consumer-focused market.
Category: Company Reports
Tesla Earnings Expected to Show Falling Profit as Car Sales Slow
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Stellantis Says Profit Plunged as Tariffs Began to Bite
The company, which owns Jeep, Peugeot, Fiat and other brands, said it might soon have to begin raising prices.
Tesla Sales Fall as Elon Musk Focuses on Self-Driving Cars
The company has devoted resources to autonomous driving rather than developing new models to attract car buyers.
U.S. Oil Companies Are ‘Battening Down the Hatches’
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.
British Retailer M&S Says Cyberattack Will Cost It $400 Million
The company also said it would take several more weeks to resolve issues relating to the attack, which came to light last month.
Tesla Chair Denies That Board Sought to Replace Elon Musk
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UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
The move comes as President Trump’s tariffs are reducing shipping volumes and is in addition to 12,000 job cuts last year.
Tesla U.S. Sales Plunge as G.M. and Others Make Gains
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Musk Says He Will Keep Pushing for Lower Tariffs as Tesla Profits Drop 71%
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