Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday. The move, effective Thursday, the day before the announcement, comes as CVS shares have fallen nearly 20% this year. Shares plunged about 13% in premarket trading Friday. CVS has faced challenges as...

Universal’s Epic Universe theme park will open its gates on May 22, 2025, in Orlando, Florida. Epic Universe is the company’s fourth theme park, part of a 750 acre development, and is the largest of all its properties, with five themed worlds: The Wizarding World of Harry Potter — The Ministry of Magic, Super Nintendo...

Amazon said Thursday it plans to host an election night special anchored by Brian Williams, marking the company’s first foray into live news coverage. The one-night special will provide election results and analysis on Prime Video starting at 5 p.m. ET on Nov. 5, the company said. Amazon emphasized it will be a “non-partisan presentation” pulling...

Disney parks are adding a top-tier, line-skipping upgrade with a whole new world of pricing: as much as $449 per person on top of park admission, Walt Disney Co. said Wednesday. The Lightning Lane Premier Pass pilot program will begin next Wednesday at Disneyland Resort theme parks in Anaheim, California, and on Oct. 30 at...

DETROIT — General Motors has agreed to establish a joint venture with Lithium Americas Corp. that includes the automaker supplying $625 million in cash and credit to the Canadian mining business, the companies announced Wednesday. The deal is centered on the development, construction and operation of a lithium carbonate mining operation called Thacker Pass in Humboldt County, Nevada. Lithium...

It’s been just over a month since more than 30,000 Boeing machinists walked off the job after overwhelmingly voting down a tentative contract. Costs and tensions have only risen since then. The strike is adding to pressure on Boeing’s new CEO, Kelly Ortberg, who was brought in over the summer to solve the plane maker’s various troubles. The strike, which S&P...

Boeing said Tuesday that it could raise as much as $25 billion in shares or debt over three years, a move to increase liquidity as the troubled manufacturer faces a more than monthlong machinist strike and problems throughout its aircraft programs. “This universal shelf registration provides flexibility for the company to seek a variety of capital options as...

Walgreens said Tuesday it plans to close 1,200 stores over the next three years as it seeks to further downsize its footprint amid flagging sales and changing consumer behavior. The pharmacy chain said 500 of the closings would occur over the next 12 months. It estimates a quarter of its 8,700 stores in the U.S....

As CEO of one of the world’s largest industrial conglomerates, Honeywell’s Vimal Kapur doesn’t think about AI like most individuals. It’s not about the threatened office worker. “There is always a trend which makes your skills obsolete, every five years,” Kapur said at the recent CNBC Evolve: AI Opportunity Summit in New York City. “The churn...

Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. Boeing expects to report a loss of an $9.97 a share in the third quarter, the company said in a surprise release on Friday. It took charges in...