Author: Editor

The logo of Best Buy and Ikea on shopping carts.Getty ImagesBest Buy said Thursday it will test mini-showrooms in some of its stores featuring Ikea products to show off kitchen design elements from the home retailer beside home appliances from the electronics store.Beginning this fall, the program will debut in 10 Best Buy stores across Florida and Texas. Each store will feature a 1,000-square-foot Ikea “shop-in-shop” showcasing styled kitchens and laundry rooms.”By bringing together our home furnishing expertise, products, and services with Best Buy’s leadership in appliances and technology, we’re creating a one-stop destination where customers can design their dream…

The International Ethics Standards Board for Accountants has released a staff alert on private equity investment in accounting firms and the related ethical and independence concerns.The staff alert discusses ethical matters that accounting firm leaders should pay special attention to when considering or accepting an investment from PE firms.The alert points to the ethics and independence provisions in IESBA’s International Code of Ethics for Professional Accountants (including International Independence Standards) that are applicable both before and after a PE investment in an accounting firm. From an ethics perspective, they include threats to compliance with some of the ethics code’s fundamental principles,…

The American Institute of CPAs is throwing its support behind a bipartisan bill introduced by Sen. John Fetterman, D-Pennsylvania, that would allow survivors of domestic abuse or spousal abandonment to file their taxes as if they weren’t married.The Survivor Assistance for Fear-free and Easy Tax Filing Act of 2025 (SAFE Act), S. 2129, was introduced in June by Fetterman, along with Sens. John Cornyn, R-Texas, Catherine Cortez Masto, D-Nevada, and Joni Ernst, R-Iowa. The tax system now requires those who are married file taxes under one of two designations — married filing jointly or married filing separately — and those…

JPMorgan Chase has built 1,000 new branches in seven years. That’s more locations than most of its competitors operate in total. The bank is marking the milestone opening in Charlotte, North Carolina, on Thursday where Chairman and CEO Jamie Dimon is attending a ribbon-cutting ceremony. The firm has roughly 5,000 branches, the most of any American bank, according to Federal Reserve data from March.”It’s a great marker for us to be able to say, you can see our commitment over time and we’re on a marathon with regard to this expansion,” said Jennifer Roberts, the CEO of Chase Consumer Banking, in…

The Moderna Inc. headquarters in Cambridge, Massachusetts, on March 26, 2024.Adam Glanzman | Bloomberg | Getty ImagesModerna on Thursday said it plans to slash roughly 10% of its global workforce by the end of the year, as Covid shot sales continue to dwindle and the company grapples with uncertainty in the vaccine market. In a memo to employees, Moderna CEO Stephane Bancel said the company expects to have fewer than 5,000 workers by the end of the year. Moderna had approximately 5,800 full-time employees in 18 countries as of Dec. 31, 2024, according to its 2024 annual report. Shares of Moderna have…

A researcher works in the lab at the Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024. Adam Glanzman | Bloomberg | Getty ImagesThe Covid-19 pandemic turned Moderna and BioNTech into household names almost overnight. Now the two companies are on different paths.Both Moderna and BioNTech helped pioneer mRNA, or messenger RNA, technology. Moderna staked its entire identity around mRNA, while BioNTech saw it as one piece of a broader portfolio focused on immunology and oncology. The pandemic gave both companies a chance to prove mRNA’s promise of using the body’s own immune system to protect against viruses…

Mounjaro manufactured by Eli Lilly and Company packaging is seen in this illustration photo taken in a pharmacy in Krakow, Poland on April 9, 2024.Nurphoto | Nurphoto | Getty ImagesEli Lilly on Thursday said its blockbuster diabetes drug Mounjaro showed heart health benefits in a late-stage trial directly comparing it to the company’s older diabetes treatment, Trulicity.Mounjaro met the study’s main goal of showing that it wasn’t any worse than Trulicity at treating people with Type 2 diabetes and established cardiovascular disease. Eli Lilly said it believes the new data bolsters the case for Mounjaro to be prescribers’ first choice for…