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Business News
Business news, market updates, and economic developments
Federal regulators have approved a new weight-loss pill made by Eli Lilly. The Food and Drug Administration (FDA) gave quick approval to the pill, called orforglipron, which helps people control their appetite and feel full.
Key Facts
The FDA approved a new weight-loss pill from Eli Lilly.
The pill is named orforglipron.
It is the second daily oral medication approved for obesity.
Orforglipron is a GLP-1 drug.
GLP-1 drugs mimic a natural hormone in the body.
This hormone helps control appetite and feelings of fullness.
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Hershey plans to switch back to using original recipes for Reese's products starting in 2027 after criticism for using cheaper ingredients. The company will also make changes to other products, like Kit-Kat, and increase research funding.
Key Facts
Hershey will return to original recipes for Reese's chocolates in 2027.
The change comes after Brad Reese, the founder's grandson, criticized the use of cheaper ingredients.
Reese's Peanut Butter Cups will use real milk and dark chocolate.
Some products, like mini Easter eggs, had been using a less chocolatey coating.
Hershey plans to use natural colors in its products.
The company is changing the Kit-Kat recipe to make it creamier.
Hershey will increase its research and development budget by 25% next year.
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Anastasia Soare, founder of the cosmetics company Anastasia Beverly Hills, discussed her journey from Romania to the United States and how she built a successful $500 million brand. She spoke about the importance of adaptability and resilience in entrepreneurship at Newsweek’s Women’s Global Impact Forum 2026.
Key Facts
Anastasia Soare is the founder and CEO of Anastasia Beverly Hills.
She moved from Romania to the U.S. and faced many challenges.
Soare built a cosmetics company valued at over $500 million.
She believes being adaptable is key to entrepreneurship.
Soare spoke about her experiences at the Women’s Global Impact Forum 2026.
The event took place at the London West Hollywood in Los Angeles.
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Chime is dealing with a major service outage in the United States. Many users cannot log in, check their balances, or use the mobile app effectively. Chime is aware of the problem and working on a fix, but some services like debit card and ATM transactions remain available.
Key Facts
Chime is experiencing a widespread outage affecting users in the U.S.
Problems include difficulties logging in, accessing balances, and using the app.
Chime confirmed the issue on their status page and is investigating the problem.
Debit card purchases and ATM transactions are still functioning normally.
Chime assured users that their money and personal information are safe.
Engineers are actively working to solve the issue, but no resolution time is given.
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Mercedes-Benz is thinking about suing the U.S. government to get back money spent on tariffs set by President Trump under the International Emergency Economic Powers Act. The U.S. Supreme Court recently struck down these tariffs, allowing companies to seek refunds. Mercedes is also planning to invest heavily in its U.S. operations, especially in Alabama.
Key Facts
Mercedes-Benz is considering a lawsuit against the U.S. government to recover tariff payments.
The U.S. Supreme Court struck down these tariffs on February 20, 2026.
Over 1,000 companies have already filed similar lawsuits.
The government collected $133 billion in tariffs before the court's decision.
U.S. Customs and Border Protection has a process in place for refunding the tariffs.
Mercedes plans to invest more than $7 billion in U.S. operations by 2030.
The company will build its GLC SUV in Alabama, aiming to reduce delivery times.
Mercedes has produced 5 million vehicles at its Alabama site in 30 years.
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Epic Games recently laid off over 1,000 workers, including Mike Prinke, who is battling terminal brain cancer. This termination resulted in the loss of the family's health and life insurance, causing financial difficulties. The company is working with the family to address the situation.
Key Facts
Epic Games laid off more than 1,000 workers recently.
Mike Prinke, laid off from Epic Games, is dealing with terminal brain cancer.
The layoff caused Prinke and his family to lose health and life insurance.
Life insurance policies are often part of job benefits.
Prinke's family faces financial challenges for his care and future expenses.
Epic Games CEO Tim Sweeney said the layoffs were due to lower revenue from Fortnite.
Epic Games is in contact with Prinke's family to resolve the insurance issue.
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Travelodge's CEO Jo Boydell received an email from a sexual assault victim regarding an incident where the attacker gained access to her hotel room using a key card. Boydell claimed she only learned about the assault during the attacker's trial, despite the victim emailing shortly after the event. Following the incident, Travelodge has changed its security policies and is conducting an independent review.
Key Facts
Travelodge CEO Jo Boydell was emailed by a sexual assault victim shortly after the incident in December 2022.
The assault occurred when Kyran Smith entered the victim's room after misleading hotel staff that he was her boyfriend.
Smith was sentenced to seven-and-a-half years in jail for the assault.
Boydell initially claimed she became aware of the incident during Smith's trial in November 2025.
The victim stated in an email that she was in shock and detailed what happened to her.
Travelodge has since reviewed and changed its policies for room security and key card issuance.
An independent review of the incident and the company's handling of it is underway.
Nearly 100 MPs and the prime minister have asked Boydell to discuss the incident and improve company safety.
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New U.S. banking rules have started that reduce the capital banks must hold. The change aims to ease rules and make more money available for loans, but some worry it could increase financial risks for large banks.
Key Facts
The rule changes focus on the largest U.S. banks, including JPMorgan Chase, Bank of America, and Goldman Sachs.
These changes could reduce bank capital by $219 billion, as noted by Federal Reserve Governor Michael Barr.
The rules aim to lower capital requirements, which are amounts banks must keep to handle unexpected losses.
Some regulators believe that easing these requirements might support more loans for consumers.
Despite the rule changes, tight lending standards mean banks might not quickly increase lending.
Federal Reserve Chair Jerome Powell mentioned that existing capital rules have made banks stronger since the financial crisis.
Regulators are accepting feedback on further changes that might lower bank capital even more until June 18.
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Jamie Dimon, CEO of JPMorgan Chase, discussed various topics in an interview, including his thoughts on President Donald Trump, the Iran war, and his plans after his CEO role. Dimon also talked about why he won't run for office and shared his interest in starting a media company. He criticized past government inaction regarding Jeffrey Epstein and discussed JPMorgan's settlement related to Epstein.
Key Facts
Jamie Dimon is the CEO of JPMorgan Chase.
Dimon spoke out against criticism of the Iran war, saying Iran has threatened the U.S. for years.
He was careful not to criticize President Trump directly but noted some heavy-handed actions.
Dimon does not plan to run for president, calling it a "quixotic" idea.
He blamed the federal government for inaction against Jeffrey Epstein, who abused young women.
JPMorgan had Epstein as a client until 2013 and settled a case with victims for $290 million in 2023.
Dimon plans to remain at JPMorgan as executive chairman after stepping down as CEO.
He expressed interest in starting a media company to influence policies through information.
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New data shows that American consumers are continuing to spend, with retail sales and private employment both increasing. However, higher gas prices and stock market instability could challenge consumer spending in the coming months.
Key Facts
Retail sales increased by 0.6% in February.
Core control sales, which impact GDP, rose by 0.5%.
Private employment saw an increase of 62,000 jobs in March.
Manufacturing activity grew for the third month in a row, according to the Institute for Supply Management.
Scottish political leaders are calling for changes to business rates after a company in Glasgow reported a significant tax increase, forcing it to consider staff cuts. The Scottish government has introduced transitional relief to help businesses adjust to new rates, but many companies still face rising costs. The rise in business rates comes alongside increased energy costs and other expenses, affecting businesses across Scotland.
Key Facts
Scottish leaders are asking for a change to business rates.
A Glasgow company, Wunderbar, faces a tax increase from £111,000 to £645,000.
Wunderbar may have to cut staff because of this tax increase.
The Scottish government provides over £900 million in transitional relief.
New rateable values for properties in Scotland started on April 1.
The rising costs include energy bills and fuel prices.
Some relief measures are available for small businesses and certain locations.
The Scottish Retail Consortium says Scottish medium and large shops will pay more than those in England.
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Airlines around the world are increasing ticket prices and reducing flight schedules due to a sharp rise in jet fuel costs. The increase in fuel prices is mainly linked to higher crude oil prices caused by a conflict involving the U.S., Israel, and Iran.
Key Facts
Average global jet fuel prices increased to $197 per barrel by March 20, up from $157.41 two weeks earlier.
Brent crude oil prices reached $119 per barrel during the week.
Cathay Pacific and Air France-KLM are adding surcharges to tickets for long-haul flights.
Air New Zealand raised domestic flight prices by 10 New Zealand dollars and long-haul flights by 90 New Zealand dollars.
United Airlines plans to cancel 5% of its scheduled flights to manage costs.
SAS canceled 1,000 flights in April and expects more reductions after Easter.
Airlines like AirAsia are raising fares but trying to minimize the increase.
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Warren Buffett warned about the potential global impact of changes in the U.S. dollar and expressed concerns about the Federal Reserve's policies. He discussed the challenges faced by the Fed, especially its role in managing inflation and keeping the U.S. dollar stable.
Key Facts
Warren Buffett spoke about the U.S. dollar at CNBC's Squawk Box.
The U.S. dollar is the world's reserve currency, used widely in global trade.
In early 2025, the dollar reached its lowest value in four years.
The Federal Reserve set its interest rates between 3.5% and 3.75% in March.
Buffett prefers a zero inflation target instead of the Fed's 2% target.
He expressed concerns about the long-term effects of allowing 2% inflation.
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JetBlue has increased its checked baggage fees due to rising fuel costs linked to the ongoing conflict in Iran. The new fees affect domestic flights, especially during peak travel periods. This adjustment aims to manage increased operating costs while keeping flight ticket prices competitive.
Key Facts
JetBlue's first checked bag fee rose from $35 to $39 for most domestic flights.
During peak travel times, the fee for a first checked bag is now $49.
A second checked bag now costs $59 off-peak and $69 during peak times.
If bags are checked within 24 hours before departure, an additional $10 fee applies.
Fuel prices have increased sharply due to the conflict in Iran, impacting overall airline costs.
JetBlue carries more than 40 million passengers annually to the U.S., Caribbean, and Latin America.
Some passengers, like loyalty program members, can still check a first bag free of charge.
The Iran conflict has disrupted oil flow through the Strait of Hormuz, a key oil route, affecting global fuel prices.
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Dunkin’ announced a special deal for April Fools' Day by offering over 1 million free coffees to members of its rewards program. Customers can use a special promo code in the Dunkin’ app to get a free coffee. The promotion follows a similar successful campaign from last year.
Key Facts
Dunkin’ is offering 1,000,001 free coffees on April Fools' Day, April 1, 2026.
This deal is available by entering the promo code STILLNOTAJOKE in the Dunkin’ app.
Only Dunkin’ Rewards members can claim the free coffee.
The offer is valid for one week after activation and includes hot or iced coffees in most sizes.
Cold brew and extra-large hot coffees are not part of the offer.
The promotion follows a successful campaign from 2025, which increased interest in food chain promotions on April Fools' Day.
Other chains are also offering deals instead of pranks on April Fools' Day.
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A restaurant in Leamington Spa called Magic Wingdom is closing due to rising business costs and a decrease in customer visits. The challenges they face include higher costs from increased minimum wage and National Insurance contributions, as well as the cost of living and high taxes. The co-owner hopes one day they might reopen in a different way.
Key Facts
Magic Wingdom, a chicken wings restaurant in Leamington Spa, is closing this Easter weekend.
Rising costs, including higher minimum wage and National Insurance, contributed to the closure.
The restaurant faced reduced customer visits and increased food costs, partly due to the Ukraine war's impact on oil prices.
Business rates are set to increase as pandemic support ends and property values adjust, but this will not affect the restaurant as it is closing.
The restaurant initially gained popularity as a takeaway during the COVID-19 pandemic.
The co-owner expressed gratitude to customers and hinted at a possible future return in a different form.
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Costco is selling a large chocolate bunny, weighing 10 pounds and containing about 22,650 calories, which has become popular on social media. The bunny, called "Pete the Bunny," costs around $112.97 online, with some reports of higher prices in stores. The hefty size of the bunny requires special instructions for eating it.
Key Facts
Costco is selling a chocolate bunny called "Pete the Bunny."
The bunny weighs 10 pounds and has about 22,650 calories.
It is listed online for $112.97, with in-store prices reported near $140.
"Pete the Bunny" includes milk, white, and dark chocolate.
Special instructions suggest using a mallet or heated knife to eat it.
The bunny has gained attention on social media, with mixed reactions to its size and price.
The product is marketed as both a sweet treat and a holiday centerpiece.
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More Americans are buying cars in bright colors instead of traditional neutral shades. While most new cars are still in black, white, or gray, the trend is slowly changing as buyers opt for more expressive colors, influenced by the style of electric vehicles and trends in other industries.
Key Facts
About 80% of new-car buyers currently choose neutral colors like black, white, and gray.
Data shows an increase in the market share of colored car paints by nearly two percentage points recently.
Green is becoming popular, especially with SUVs and crossovers that often use outdoor imagery.
Other colors like violet and orange are also gaining interest due to influences from space aesthetics and natural photography trends.
Electric vehicles are introducing new finishes such as pearl whites and matte metallics.
Automotive research indicates that 40% of new vehicle shoppers would pay extra for special paint colors.
The median price of a new vehicle has risen to about $50,000, making them less affordable for many.
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A prediction market has shown increased confidence that the Democratic Party might win the presidency, House, and Senate in 2028. The odds of a Democratic sweep reached an all-time high of 43% but slightly decreased to around 40-41%. These markets involve real-money bets on political outcomes and reflect traders' expectations.
Key Facts
Prediction markets show a 40-41% chance of Democrats winning the presidency, House, and Senate in 2028.
Democrats have higher odds than Republicans for a full win, with Republicans at 21%.
Over $162,000 has been traded on this market, showing interest in the 2028 election.
The prediction market, Kalshi, is regulated by the Commodity Futures Trading Commission.
Polymarket shows a 60% chance for Democrats to win the presidency, with higher trading volumes.
Prediction markets offer probability estimates based on real-time betting.
U.K. bookmaker William Hill gives Democrats a 60% chance of winning the 2028 presidential election.
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The article discusses common mistakes people make when trying to consolidate credit card debt. It offers advice on avoiding these pitfalls to effectively manage and reduce overall debt.
Key Facts
Consolidating credit card debt can simplify payments but requires avoiding certain mistakes.
Continuing the same spending habits can negate the benefits of consolidation.
Avoid turning unsecured debts, like credit cards, into secured debt, where property can be at risk.
Choose a repayment plan with monthly payments that fit within a budget to avoid financial strain.
Make sure the consolidation loan saves money with better interest rates and manageable repayment terms.
Explore all debt consolidation options, including loans and balance transfer cards, to find the best fit for your situation.
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