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Category Archives: Uncategorized

Pfizer earnings and revenue top expectations despite Covid vaccine sales decline

Pfizer topped analysts’ expectations with its first-quarter earnings report, despite a sales decline driven by the lower demand for the company’s Covid vaccine.

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Lawmakers urge SEC to crack down on Chinese retail giant Shein over alleged forced labor

Shein, a major fast-fashion brand, is under fire for allegedly selling clothes made by forced labor in China.

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Facebook was the main donor to a group that fought antitrust reforms in 2020 and 2021

Facebook donated $34 million to pro-tech industry group American Edge Project as the nonprofit took on antitrust legislation.

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Pro sports unions unite to discuss importance of mental health

Players from the NFL, NBA, MLB and other sports are calling attention to mental health during the month of May.

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Lawmakers praise First Republic sale, but efforts to pass new bank rules are fizzling

Interest on Capitol Hill in tightening bank regulations appears to have waned amid the failure of another institution, First Republic.

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DeSantis Disney oversight board votes to sue company over tax-district fight

DeSantis is battling Disney as he is considered a leading potential contender against ex-President Donald Trump for the 2024 Republican presidential nomination.

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Lordstown Motors warns of bankruptcy after Foxconn threatens to walk away from crucial funding deal

After buying Lordstown’s factory last year, Foxconn agreed to invest an additional $170 million. That deal is now in jeopardy, the embattled startup said.

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American Airlines pilots vote for potential strike while airline says negotiations are progressing

American Airlines says the end of contract negotiations is “in sight.”

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Jamie Dimon: ‘This part of the crisis is over’ after JPMorgan Chase acquires First Republic

JPMorgan Chase, which acquired banking assets in the 2008 financial crisis, just won an auction to gain even more size with the takeover of First […]

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FAA launches faster, high-altitude flight routes to avoid congestion along the East Coast

The FAA estimated that the new routes would reduce about 6,000 minutes of travel time a year.

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