Colin Kellaher

Humana shares slid more than 20% in premarket trading after the health insurer warned that recent changes in the federal government's quality ratings of certain private Medicare plans could weigh on its profits in 2026.

The insurance company tabbed Morgan Stanley veteran Jacques Chappuis to succeed David Hunt at the helm of the Prudential’s $1.4 trillion investment-management business.

AbbVie said a recently acquired drug candidate for schizophrenia missed the key goal in mid-stage studies, pushing its stock sharply lower. Phase 2 studies for emraclidine failed to show a statistically significant improvement in symptoms after six weeks, the biopharmaceutical company said Monday.

David Hoffmann said he has held friendly talks with Lee’s management, but that he hasn’t yet made contact with DallasNews.

Florida billionaire David Hoffmann aims to create the second-largest newspaper group in America

The head of Exxon Mobil’s massive exploration and production arm is retiring after more than three decades with the energy giant and will be replaced by a former General Motors executive.

Hershey said Del Pozzo will depart this week, with President and CEO Michele Buck assuming oversight of the business while the Hershey, Pa., company works to identify a successor.

Smithfield Foods, which was acquired by China's WH Group more than a decade ago, is once again going public in the U.S. It plans to list its shares on the Nasdaq Global Select Market under the symbol SFD. The Smithfield, Va., company didn't indicate how many shares it plans to sell or how much it aims to raise.

Smithfield Foods, which was acquired by China's WH Group more than a decade ago, is once again going public in the U.S. Smithfield, the largest U.S. pork producer, on Monday filed with the Securities and Exchange Commission for a proposed initial public offering.