Bloomberg Virgin Galactic Holdings Inc shares plunged after the space tourism company again delayed its commercial service, calling for a launch in the second quarter of 2023. The company had previously disappointed investors by pushing back the launch, once planned for the third, then fourth quarter of 2022. In May, Virgin Galactic delayed it to the first quarter of …

  Bloomberg Beyond Meat Inc slashed its revenue outlook for the full year, saying that shoppers are trading down from its plant-based options to cheaper animal proteins. The shares, which have lost about 50% of their value so far this year, fell 1.1% in New York trading. The maker of plant-based burgers is in a race to increase output and …

  Bloomberg Credit Suisse Group AG executives are discussing reducing thousands of roles globally as the struggling European lender seeks to slash its overall cost base by an additional $1 billion. The bank, which began trimming front line roles in Asia last month, is mulling an aggressive plan to reduce its headcount, which stood at 51,410 at the end of …