Corporate Restructuring and Political Plays Dominate Financial Headlines
Key TakeawaysIBM (IBM) is implementing significant workforce reductions in Q4, affecting a low single-digit percentage of its global workforce, estimated to be in the thousands, as it pivots towards higher-growth software and services. Despite these global adjustments, the company anticipates its overall U.S. employment will remain flat year-over-year.The Trump administration is reportedly in negotiations with pharmaceutical giants Eli Lilly (LLY) and Novo Nordisk (NVO) to offer discounted weight-loss drugs ...