Breaking News: Business

• Disney names parks boss Josh D’Amaro as its next CEO to succeed Bob Iger, effective March 18 - Disney has named Josh D'Amaro, chairman of Disney Experiences, as its next CEO, succeeding Bob Iger and clinching a closely watched succession race at the Mouse House.
• Pfizer says obesity injection shows promise as monthly treatment in mid-stage trial - The data on Pfizer's GLP-1 offer early evidence that the injection can be administered less frequently than existing drugs without sacrificing efficacy.
• Pfizer beats quarterly estimates despite Covid product decline, reaffirms modest outlook - The pharmaceutical giant reaffirmed the modest 2026 outlook that rattled investors in December.
• Merck tops quarterly estimates, posts modest 2026 guidance as generic competition looms - Merck posted a modest 2026 outlook that fell short of estimates, as it prepares for some drugs to go off patent later this year and face generic competition.
• PepsiCo earnings beat estimates as drinks sales pick up around the world - PepsiCo reported fourth-quarter earnings and revenue that topped Wall Street's estimates.
• New York AG issues warning around prediction markets ahead of Super Bowl - New York Attorney General Letitia James is cautioning all New Yorkers about placing trades on prediction markets ahead of the Super Bowl.
• Disney signals its next CEO will take over a company with strong momentum - Disney CEO Bob Iger touted the company's growth in its last three years as the company prepares to announce his successor.
• Disney beats Wall Street expectations propelled by theme parks and streaming - In the background of Disney's earnings report on Monday is the question of who will be named the successor to CEO Bob Iger. 
• 'Melania' earns a surprising $7 million, best non-music documentary debut in a decade - Amazon reportedly paid an estimated $40 million to acquire 'Melania' and spent an additional $35 million on marketing.
• As American retail store anchors fade, private clubs are taking over more commercial real estate - Affluent consumers are key to retail centers as the K-shaped economy hits lower-end shoppers hard, and that's leading the private club concept to more cities.