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.
Continue readingFacebook 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.
Continue readingPro 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.
Continue readingLawmakers 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.
Continue readingDeSantis 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.
Continue readingLordstown 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.
Continue readingAmerican Airlines pilots vote for potential strike while airline says negotiations are progressing
American Airlines says the end of contract negotiations is “in sight.”
Continue readingJamie 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 […]
Continue readingFAA 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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