Moderna is the first company to release positive phase three data on a Covid and flu combination shot, giving it a lead over rivals Pfizer […]
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Elliott takes $1.9 billion stake in Southwest Airlines, seeks to oust CEO and chair
Elliott is seeking to replace Southwest CEO Bob Jordan and Chairman Gary Kelly with outside candidates, the activist said in a letter and presentation Monday.
Continue readingFDA advisors recommend Eli Lilly’s Alzheimer’s drug donanemab, paving way for approval
If approved, Eli Lilly’s donanemab would become the second Alzheimer’s drug of its kind to enter the market after Leqembi from Biogen and Eisai.
Continue readingE.l.f. Beauty posts first $1 billion year, but shares fall on weaker than expected guidance
E.l.f. Beauty grew sales in the high double digit percentages again, but it expects that growth to start to moderate in the coming fiscal year.
Continue readingWarner Bros. Discovery and ESPN strike 5-year deal for College Football Playoff games
Warner Bros. Discovery will carry two College Football Playoff games on TNT and Max’s sports tier starting in December.
Continue readingRollback in IRA’s EV incentives would benefit China, says GM board member
The IRA includes incentives for EV buyers as well as support for carmakers and suppliers to produce all-electric vehicles and their components in North America.
Continue readingTarget, McDonald’s and others are offering value as they lose ground with bargain hunters
Target’s weak results show the fierce battle between retailers that are trying to outmatch each other on deals.
Continue readingPfizer aims to save $1.5 billion by 2027 in first wave of new cost cuts
Pfizer is also carrying out another $4 billion cost-cutting effort, which it announced last year as demand for its Covid vaccine and drug Paxlovid slumped.
Continue readingFintech nightmare: ‘I have nearly $38,000 tied up’ after Synapse bankruptcy
Synapse is as a middle-man between customer-facing fintech brands and FDIC-backed banks, but it’s had disagreements about how much in customer balances it owed.
Continue readingGM all-electric Chevy Equinox goes on sale as the latest test for EV production and demand
Affordable entry-level EV pricing has long been a goal for GM, Tesla and others as Chinese rivals like BYD and Nio grow their sales beyond […]
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