Pascal Soriot, managing director of AstraZeneca. Simon Dawson | Bloomberg | Getty Images Pascal Soriot, CEO of AstraZeneca, has defended the late launch of the coronavirus vaccine in the EU, saying the drug company is working “around the clock” to fix production problems. However, he also noted that the EU ordered three months later than…

Starbucks chief operating officer Rosalind Brewer will replace Stefano Pessina as CEO of the Walgreens Boots Alliance, people familiar with the matter told CNBC on Tuesday. Starbucks announced Brewer’s departure earlier in the day and said she would take up a position as CEO of an undisclosed public company in late February. Walgreens officials were…

A worker collects shopping carts at a Walmart store on May 19, 2020 in Chicago, Illinois. Walmart reported a 74% increase in online sales in the US for the quarter ended April 30, and sales in the same store 10% increase over the same period that the effects of the coronavirus contributed to the increase…

Dr. Ashish Jha told CNBC’s “The News with Shepard Smith” on Tuesday that US states could make decisions about opening up businesses and economies earlier than predicted if enough people are vaccinated. “My relatively optimistic view is that we don’t have to wait until the end of summer or even the beginning of summer. If…

Kevin Johnson, CEO of Starbucks Scott Mlyn | CNBC Starbucks reported Tuesday that U.S. sales fell 5% in the first quarter of fiscal year after a surge in new Covid-19 cases led to tighter food restrictions. The company also announced that COO Roz Brewer will be leaving Starbucks in late February to become CEO of…

A visitor looks down an empty hallway at the Fashion Mall in Keystone in Indianapolis on Wednesday, March 18, 2020. Simon Property Group, the largest shopping mall owner in the nation, is closing all of its malls and retail properties because of the coronavirus outbreak. Darron Cummings | AP When Macy’s Chief Executive Jeff Gennette…

General Electric’s shares rose more than 2% Tuesday after the company reported better-than-expected industrial free cash flow for the fourth quarter and a rosy outlook for the year. The stock briefly rose more than 10% just before the markets opened on Tuesday, but lost much of those gains as the day wore on. The company…

Plastic house tents will be set up outside a restaurant on the Upper West Side as the city continues reopening efforts after restrictions were imposed in New York City on November 1, 2020 to slow the spread of the coronavirus. Noam Galai | Getty Images More than 110,000 restaurants and restaurants have been temporarily or…

Fireworks emanated from the Burj Khalifah tower in Dubai during the New Year’s Eve celebration on December 31, 2020, which attracted thousands of tourists and saw relaxed restrictions on social gatherings, allowing up to 30 people per household to gather. AFP via Getty Images DUBAI, United Arab Emirates – On the surface, Dubai’s party scene…

Tony Fernandes, Group Chief Executive Officer of AirAsia Bhd., Speaks during a Bloomberg Television interview on the sidelines of the Bloomberg New Economy Forum in Singapore on Wednesday November 7, 2018. Wei Leng Tay | Bloomberg via Getty Images SINGAPORE – The outlook for the global aviation industry is improving as more countries roll out…