Tesla’s huge brand damage, Walmart’s manager pay, Target follows Costco: Business news roundup

Image for article titled Tesla's huge brand damage, Walmart's manager pay, Target follows Costco: Business news roundup

Image: Scott Olson (Getty Images), Scott Olson / Staff (Getty Images), Scott Olson (Getty Images), Duolingo, Photo: Andrew Harnik (Getty Images), Michael Ciaglo (Getty Images), Joe Raedle (Getty Images), Mario Tama (Getty Images)

A Walmart in Chicago, Illinois.

A Walmart in Chicago, Illinois.
Image: Scott Olson (Getty Images)

Walmart’s big pay bump for its store managers is paying off, according to U.S. CEO John Furner.

Speaking at the National Retail Federation (NRF) State of Retail & the Consumer 2025, Furner highlighted the company’s efforts to boost engagement and performance across its management ranks.

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In this photo illustration, the injectable weight-loss medication Wegovy is available at New City Halstead Pharmacy on April 24, 2024 in Chicago, Illinois.

In this photo illustration, the injectable weight-loss medication Wegovy is available at New City Halstead Pharmacy on April 24, 2024 in Chicago, Illinois.
Image: Scott Olson / Staff (Getty Images)

After revolutionizing the weight-loss drug market, Novo Nordisk (NVO) and Eli Lilly (LLY) are setting their sights on heart health.

Both pharma giants unveiled new clinical trial results over the weekend, highlighting potential cardiovascular benefits of their medications.

Novo Nordisk shared fresh data on semaglutide — the active ingredient in its blockbuster diabetes and weight-loss drugs, Ozempic and Wegovy. One study found that a weekly 2.4 mg dose led to a 20% reduction in major adverse cardiovascular events — such as heart attack, stroke, or death — among overweight or obese patients with existing cardiovascular disease, compared with a control group.

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Customers shop at a Target in Chicago, Illinois.

Customers shop at a Target in Chicago, Illinois.
Image: Scott Olson (Getty Images)

Image for article titled Tesla's huge brand damage, Walmart's manager pay, Target follows Costco: Business news roundup

Image: Duolingo

April Fools’ Day is everyone’s favorite excuse to finally bust out a prank. Major corporations — or their social media managers and marketing heads, to be more precise — aren’t any different.

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President Donald Trump has announced his tariff plans.

President Donald Trump has announced his tariff plans.
Photo: Andrew Harnik (Getty Images)

President Donald Trump has finally announced his reciprocal tariffs, which are set to hit every country that trades with the U.S. — and will likely hurt American consumers.

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Image for article titled Tesla's huge brand damage, Walmart's manager pay, Target follows Costco: Business news roundup

Photo: Michael Ciaglo (Getty Images)

Airline stocks suffered steep losses Thursday as shareholders contemplated the impact of tariffs on travel.

United Airlines (UAL) led the sector’s stocks in losses, cratering over 13% in midday trading. Allegiant Travel Company (ALGT) was not far behind, falling more than 12%. Allegiant’s business is heavily dependent on leisure travel, which experts fear may see a drop as consumers cut back. Sun Country Airlines and Frontier Airlines also depend on the leisure segment, and both saw their stock sink more than 10% midday.

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Cows

Cows
Photo: Joe Raedle (Getty Images)

Commerce Secretary Howard Lutnick has been on a media blitz defending President Donald Trump’s new tariffs, which are slamming markets and set to impact most major countries. A common thread? His love of American beef.

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Protesters demonstrate against Tesla CEO Elon Musk’s Department of Government Efficiency (DOGE) initiatives during a nationwide “Tesla Takedown” rally outside a dealership on March 29, 2025, in Pasadena, California.

Protesters demonstrate against Tesla CEO Elon Musk’s Department of Government Efficiency (DOGE) initiatives during a nationwide “Tesla Takedown” rally outside a dealership on March 29, 2025, in Pasadena, California.
Photo: Mario Tama (Getty Images)

The effects of Tesla’s (TSLA) “unprecedented” brand damage have surprised even analysts at J.P. Morgan (JPM), who had already described the backlash against CEO Elon Musk as without equal in the history of the automotive industry.

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How Trump’s tariffs could make your iPhone cost $3,500

Import taxes are a double-edged sword for manufacturers, and have a poor historical track record

Costco’s Kirkland brand became a massive financial success. Here’s how

When Costco launched its Kirkland brand 30 years ago it set the company apart in a retail environment dominated by fragmented private label products

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Thomas Block

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