Pfizer CEO Albert Bourla argued the Biden administration’s plan will cut profits and force Big Pharma companies to pull back on developing medicines.
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Sony’s faith-based streaming service merges with Hallmark rival Great American Media
Sony’s faith-based streaming service Pure Flix is merging with Great American Media, the owner of rival networks to the Hallmark Channel.
Continue readingAdidas will sell some leftover Yeezy inventory instead of burning it, CEO says
Instead of burning excess Yeezy inventory, Adidas plans to sell some of it and donate the money to charity.
Continue readingGOP law cut Big Pharma tax rates by 40%, Senate report says
Senate Finance Committee Democrats said the Republican bill resulted in billion of dollars in tax savings for pharmaceutical companies.
Continue readingPeloton shares plunge after CPSC recalls more than 2 million bikes
The U.S. Consumer Product Safety Commission is recalling two million Peloton bikes for injury and fall concerns, sending shares of the stock tumbling.
Continue readingCNN town hall shows the network still doesn’t know how to handle Donald Trump
CNN’s choice to add a cheering crowd to Donald Trump’s town hall made the event feel more like a rally than a hard-hitting journalistic enterprise.
Continue readingU.S. Covid public health emergency ends, leaving behind a battered health system
Experts agree the U.S. has many more tools to fight Covid today, but warn the virus will remain a persistent threat to the nation’s battered […]
Continue readingDisney shares sink nearly 9% after the company reports streaming subscriber losses
The company, which posted profit and revenue for the period that were in line with Wall Street estimates, reported a loss of four million Disney+ […]
Continue readingJamie Dimon warns panic will overtake markets as U.S. approaches debt default
Dimon joined a host of executives and officials making dire predictions about the consequences of failing to raise or suspend the debt limit.
Continue readingBowlero, the public company that reimagined bowling, faces dozens of discrimination claims that the feds want to settle for $60 million
Bowlero grew rapidly and became a success story among SPAC stocks, but former employees allege discrimination during its rapid expansion.
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