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Peloton CEO Barry McCarthy to Step Down Amid Fresh Layoffs

The fitness-equipment maker has warned of cash-flow issues and continued losses amid a decline in paying subscribers and a recall.

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Shell Launches $3.5 Billion Buyback

Shell’s first-quarter adjusted earnings fell by less than expected, and the oil major kicked off a share buyback as it hurried to close the valuation gap to its U.S. rivals.

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ING Continues Buybacks to Boost Captial Ratio

ING shares rose after the Dutch lender said it plans to buy back up to €2.5 billion of shares and reported a first-quarter profit driven by income from fees and interest rates.

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WegovySales More Than Double as Demand Soars

Novo Nordisk raised its full-year guidance to reflect better pricing in the U.S. and as global demand for its hit weight-loss and diabetes drugs continues to outstrip supply.

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