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mental fitness

Meditation App Calm Lays Off 20% of Staff

Calm.com Inc., maker of popular meditation and wellness app Calm, has laid off 20% of its staff, according to a memo sent by Chief Executive David Ko to employees on Thursday. People familiar with the matter said San Francisco-based Calm employed roughly 400 people, and that approximately 90 were laid off.…

New Weight-Loss Drugs Can Fatten Drugmakers’ Profits

Obesity kills millions every year, yet drug companies and doctors have mainly focused on treating diseases caused by excess pounds, such as diabetes, rather than waistlines themselves. One reason for that is the stigma that comes with the condition: Many in the medical field still see excess weight as a lifestyle condition that should be addressed solely through healthier eating and exercise. A much bigger problem, though, has been the dearth of safe and effective drugs. That has left the gigantic business of weight loss…

Peloton to Stop Making Bikes Itself

Peloton Interactive Inc. PTON 2.97% will outsource all manufacturing of its stationary bikes and treadmills as the money-losing maker of connected fitness equipment races to overhaul its business model. Newsletter Sign-up…