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

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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After revolutionizing the weight-loss drug market, Novo Nordisk (NGO) 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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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 finally announced his reciprocal tariffswhich are set to hit every country that trades with the U.S. — and will likely hurt American consumers.

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

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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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