It is always earnings season, as I like to say. Here are a few of the most notable from today:
Maersk, the shipping giant, expects to see the full impact of higher ocean delivery rates this quarter as Chinese exports continue to drive container volumes.
CVS Health plans to cut $2 billion in costs over several years. It also cut its earnings guidance for the fourth time in nine months, blaming its Medicare business.
Novo Nordisk is being forced into discounting obesity drugs via rebates to pharmacy benefit managers as it wins access to more insurers, hurting its Q2 revenue.
Warner Bros. Discovery reported a $107 million loss for its combined streaming business and premium pay-TV business and a $9.1 billion write-down to align the book value of its linear TV unit with an uncertain advertising environment and sports rights renewals with the NBA set to move on.
