Bumble Inc.

👍 48%

👥 57% | 🌏 55% | 💰 55%
 

Internal Breakups

Bumble will lay off 30% of its global workforce, around 240 roles, to save $40 million in annual costs, which will be reinvested in product and technology development.

The layoffs come as the dating platform battles a period of slowing growth and increased competition in the online dating market.

McDonald’s Corporation

👍 58%

👥 46% | 🌏 50% | 💰 51%
 

No Dessert

McDonald's and Krispy Kreme are ending their partnership due to cost issues after a year of selling Krispy Kreme donuts in McDonald's locations.

The fast food chains couldn't bring costs in line with unit demand, making the partnership unsustainable for Krispy Kreme.

Bank of America Corporation

👍 53%

👥 55% | 🌏 49% | 💰 52%
 

No More Oversight

Bank of America's monitoring by the Consumer Financial Protection Bureau has ended three years early after the agency said it fulfilled its obligations, including a $12 million civil money penalty.

America's second-largest bank was under scrutiny from the previous administration for failing to collect race, ethnicity, and sex data on mortgage applicants and lying about it.

Novo Nordisk

👍 59%

👥 53% | 🌏 59% | 💰 53%
 

Limiting Access

Novo Nordisk will end its collaboration with digital health platform Hims & Hers over sales of copycats of its weight loss drug, Wegovy, citing concerns about patient safety and deceptive marketing.

The drugmaker seeks to protect its intellectual property and ensure safe and effective treatment for patients, following reports of unauthorized copies of Wegovy linked to patient harm.

Toyota Motor Corporation

👍 70%

👥 55% | 🌏 57% | 💰 53%
 

Tariff Impacts

Toyota plans to raise US auto prices by over $200 from July, citing market conditions and competition, with some models seeing an average price increase of $270 and $208 for Toyota and Lexus respectively.

The price increase reflects the challenges Japanese carmakers face in the US market, including the impact of tariffs on imported cars and parts.