Estée Lauder to cut up to 7,000 jobs as it swings to loss, sending stock lower

• AbbVie’s newer immunology drugs are offsetting Humira’s decline, sending stock up 5%

  AbbVie’s earnings topped estimates, and it offered an upbeat view of 2025.
  
  MarketWatch - 3d

• Chevron logs its first refining loss in four years, sending stock lower

  Chevron touted “record production” as well as stock buybacks and announced an increase in its quarterly dividend.
  
  MarketWatch - 3d

• Dow to cut 1,500 jobs as it struggles to restore profitability. Stock slides to four-year low

  The company is also optimistic that it will see demand growth in certain markets.
  
  MarketWatch - 4d

• Whirlpool swings to a loss and guides for more weakness in 2025, sending stock down

  Appliance maker is still working to cut costs and hoping for a recovery in the U.S. housing market.
  
  MarketWatch - 5d
• 

  Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

  Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday.
  
  NBC News - Jan. 24

• Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

  Adidas plans to cut as many as 500 jobs at its corporate headquarters in Germany in a bid to simplify its business—not to cut costs.
  
  CNBC - Jan. 23
• 

  Medicare to Negotiate Lower Prices for Weight-Loss Drugs

  The government is expected to pay lower prices for Ozempic and Wegovy starting in 2027. The Trump administration will decide whether to expand coverage for millions of Americans.
  
  The New York Times - Jan. 17

• IGM Biosciences to cut 73% of workforce as latest pivot fails to pan out, sending stock down 69%

  IGM Biosciences is again cutting staff as it scraps an autoimmune-drug trial after failing to achieve the desired results.
  
  MarketWatch - Jan. 10
• 

  Lloyds Banking Group’s branch shake-up fuels concern over closures and job cuts

  Company’s customers across Halifax, Bank of Scotland and flagship brand to be allowed to use others’ premises
  
  Financial Times - Jan. 8

More from MarketWatch

• Cyber cop specialist SailPoint eyes $1 billion in proceeds in IPO return

  Private-equity firm Thoma Bravo taking company public at an estimated market cap of $11 billion in its return to the stock market
  
  MarketWatch - 12m

• Merck’s soft guidance overshadows quarterly beat to send stock down 8%

  Merck’s stock tumbled 6% early Tuesday, after the drug company’s softer-than-expected guidance for the current year offset better-than-expected fourth-quarter earnings.
  
  MarketWatch - 30m

• Pfizer stock climbs on Q4 revenue and earnings beat, reaffirmed guidance

  “We remain confident in our ability to return to pre-pandemic operating margins in the coming years,” said Pfizer CFO David Denton.
  
  MarketWatch - 32m

• Archer Daniels Midland laying off up to 700 in face of uncertain profit

  The company says 2025 guidance reflects “weaker” market view on biofuel and trade-policy turmoil.
  
  MarketWatch - 50m

• Regeneron’s earnings boosted by demand for blockbuster eye drug Eylea

  A higher-dose formulation of Eylea saw U.S. sales more than double
  
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More in Business

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  Private-equity firm Thoma Bravo taking company public at an estimated market cap of $11 billion in its return to the stock market
  
  MarketWatch - 12m

• Warren Buffett's Berkshire Hathaway scoops up more Sirius XM, boosting stake to 35%

  The Omaha, Nebraska-based conglomerate purchased roughly 2.3 million shares for about $54 million in separate transactions Thursday through Monday.
  
  CNBC - 17m

• McDonald's Shamrock Shake returns — and so does Grimace's uncle

  McDonald's is bringing back the mascot Uncle O'Grimacey, Grimace's uncle, to promote the seasonal milkshake.
  
  CNBC - 20m
• 

  Mexico and Canada Reach Last-Minute Deal With Trump to Avert Trade War

  President Trump agreed to delay tariffs on Mexico and Canada for a month after both countries pledged to do more to block drugs and migrants.
  
  The New York Times - 27m
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  How Old Prisons Are Being Converted Into Stylish Apartments

  The number of incarcerated people nationwide has declined, and almost 200 correctional facilities have closed in the past 20 years. The sites are being repurposed.
  
  The New York Times - 29m