BLOOMBERG CVS Health Corp cut its earnings forecast for the year as it looks to pay for two major acquisitions that are central to its strategy of broadening its health-care services. Adjusted profit for 2023 will be $8.50 to $8.70 a share, Woonsocket, Rhode Island-based CVS said in a statement, a decrease of 20 cents across the range from its ...

BLOOMBERG One of TikTok’s senior-most officials in charge of ensuring user safety is leaving the company amid increasing pressure for the US government to ban the popular video-sharing app. Eric Han, who has led TikTok’s US trust and safety operations for years, will depart this month. Han had been promoted to lead trust and safety at the company’s newly walled-off ...

BLOOMBERG Porsche AG’s first-quarter earnings jumped as luxury carmakers continued to show gains despite a slowing global economy. Operating profit rose to €1.84 billion ($2.03 billion) while revenue increased to €10.1 billion in the first quarter, the company said. That’s roughly 25% higher than 2022, though it failed to impress investors watching for aggressive price increases. Porsche shares fell as ...