Moderna, a well-known biotech company, has recently announced that the approval of its vaccine for respiratory syncytial virus (RSV) has been delayed by the Food and Drug Administration (FDA) until the end of May. This delay has been attributed to “administrative constraints” at the agency, causing uncertainty among investors and stakeholders. The FDA’s decision to
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The upcoming boxing match between Mike Tyson and Jake Paul has already generated significant hype, with ticket prices skyrocketing and a surge in bettor interest. Scheduled for July 20 at AT&T Stadium in Arlington, Texas, the event is expected to be the most heavily bet-on boxing match of the year. Fans are eagerly anticipating the
In the ever-evolving landscape of the restaurant industry, casual dining chains like Applebee’s and IHOP are facing fierce competition from fast-food establishments and the growing trend of eating at home. With consumers becoming increasingly conscious of their spending, these traditional sit-down restaurants are having to find new ways to attract and retain customers. Dine Brands,
Oddity Tech, the Israeli cosmetics platform utilizing artificial intelligence to develop products, recently revealed its first-quarter results, which exceeded expectations. The company reported earnings per share of 61 cents adjusted, surpassing the anticipated 49 cents. Additionally, revenue reached $211.63 million, outperforming the $205 million that Wall Street analysts had projected. For the three-month period ending
Howard Schultz, former Starbucks CEO, recently commented on the struggling coffee chain’s latest quarterly report, stating that he believes the company has the potential to bounce back if it focuses on enhancing its U.S. stores. Despite no longer holding an official position at Starbucks, Schultz emphasized the importance of improving the mobile order and pay
Skydance Media, backed by private equity firms RedBird Capital and KKR, is facing a crucial decision regarding its offer for Paramount Global. Unless a firm commitment is provided by controlling shareholder Shari Redstone, Skydance is prepared to walk away from the deal. The exclusivity window for discussions between Skydance and Paramount is set to end
Berkshire Hathaway, led by the renowned Warren Buffett, has been quietly making a significant wager in the financial industry over the past year. The identity of the stock or stocks that Berkshire has been accumulating will potentially be unveiled at the upcoming shareholder meeting. This move has piqued the interest of investors who are eager
Wayfair, the online furniture retailer, reported a decrease in sales during its first quarter. However, the company managed to reduce its losses after implementing a workforce reduction of 13% at the beginning of the year. Despite the decline in sales, Wayfair exceeded Wall Street’s expectations both in terms of revenue and loss per share. Active
Johnson & Johnson recently announced plans to pay $6.5 billion over 25 years to settle the majority of the lawsuits in the U.S. alleging that its talc-based products caused ovarian cancer. This move comes after years of financial and public relations challenges for the company, which has long maintained that its talc products are safe
The grocery industry is undergoing a significant transformation as retailers adapt to changing consumer preferences and economic conditions. One of the key trends in this evolution is the growing popularity of private label brands, which offer consumers a unique blend of quality and affordability. Walmart, the country’s largest grocer, is at the forefront of this