Moderna posts surprise profit as Covid vaccine sales impress, cost cuts take hold

Moderna said its newest Covid vaccine saw benefits after winning approval in the U.S. three weeks earlier than the last iteration of the shot did in 2023.

Business - CNBC - 1 hour ago

GSK cuts vaccine sales target on reduced demand

U.K. drugmaker GSK on Wednesday cut its vaccine sales guidance for the year after what it called lower-than-expected demand.

Business - MarketWatch - October 30

Honda Motor Cuts Forecasts for Car Sales, Profit

The Japanese automaker cut its annual forecasts for car sales and net profit after posting a drop in first-half earnings due partly to weakness in its auto business in China.

Business - The Wall Street Journal - Yesterday

Novavax’s stock slides 19% after FDA puts clinical hold on COVID and flu vaccine candidates

Novavax Inc.’s stock tumbled 19% early Wednesday after the company said the FDA has placed a clinical hold on its COVID-19-and-flu combination and stand-alone flu vaccine candidates, following a ...

Business - MarketWatch - October 17

Novavax says FDA put hold on combination Covid-flu shot and influenza vaccine; shares plunge

The so-called clinical hold is due to a single report of nerve damage in a patient who received the combination shot in a phase two trial.

Business - CNBC - October 16

C.D.C. Expands Covid Vaccine Recommendations

The agency endorsed additional doses for people at high risk.

Top stories - The New York Times - October 24

Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console

Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.

Business - CNBC - Yesterday

Nintendo cuts profit guidance on reduced Switch sales forecast

Nintendo on Tuesday trimmed its sales and profit guidance for the March-ending fiscal year, citing reduced demand for the Nintendo Switch.

Business - MarketWatch - 2 days ago

Toyota Motor Cuts Sales Forecast After Quarterly Profit Halves

The Japanese auto giant cut its annual forecast for group vehicle sales after its second-quarter profit more than halved due partly to weaker sales globally.

Business - The Wall Street Journal - Yesterday

PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz

PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.

Business - The Wall Street Journal - October 17

Nomura profits surge as chief takes pay cut over trading scandal

Japan’s biggest investment bank and brokerage beats expectations but is still dogged by controversy

Business - Financial Times - 6 days ago

Some people will need an extra Covid vaccine in the spring

How durable are the mRNA Covid vaccines? Does the protection last as long as other vaccines? Experts the vaccines are performing as expected.

American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.

Business - CNBC - October 24

Mercedes-Benz and Porsche look for cost cuts after China slump hits profits

German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto market

Business - Financial Times - October 25

Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts

The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expenses

Business - MarketWatch - October 30

Moderna’s stock pops after biotech ekes out profit and revenue beats by a wide margin

Moderna Inc.’s stock jumped 5% early Thursday, after the company’s third-quarter earnings showed an unexpected profit and revenue that beat estimates by a wide margin.

Business - MarketWatch - 4 hours ago

Man says he has been 'left to rot' after Covid vaccine

Larry Lowe used to have an active life but says everyday tasks are now beyond him.

FDA Freezes COVID-Flu Combo Vaccine Trial Over Safety Concern

Maker Novavax reported a recipient of the combination vaccine experienced symptoms of nerve cell damage.

Business - Inc. - October 16

Is the system letting down people who were harmed by Covid vaccines?

People affected by rare blood clots say they feel they have been airbrushed out of the pandemic.

CDC recommends second COVID vaccine dose for those 65 and older

Immunocompromised adults or those who are older than 65 should get a second dose of the latest COVID-19 vaccine, the Centers for Disease Control and Prevention (CDC) officially recommended. The ...

Politics - The Hill - October 24

CDC updates COVID-19 vaccine recommendations for older adults

The Centers for Disease Control and Prevention is urging some people to get additional doses of the COVID-19 vaccine for stronger protection against the virus.

Politics - The Hill - October 24

Idaho health department isn't allowed to give COVID vaccines anymore

A regional public health department in Idaho is no longer providing COVID-19 vaccines to residents in six counties after a narrow decision by its board

Health - ABC News - 5 days ago

This Idaho Health Department Has Stopped Providing COVID-19 Vaccines

This appears to be the first district in the nation to put a restriction on COVID-19 vaccines.

Business - Inc. - 5 days ago

Idaho public health department restricted from giving COVID-19 vaccines

Experts say Southwest District Health in Idaho is the first public health department in the nation to be restricted from giving COVID-19 vaccines.

Sanofi Earnings Boosted by Early Vaccine Sales

The pharmaceutical company reported third-quarter earnings and sales that beat analysts’ expectations, boosted by earlier-than-anticipated deliveries of flu and respiratory syncytial virus vaccines ...

Business - The Wall Street Journal - October 25

Ghost of pandemic haunts US election with win for anti-vax movement

Robert F Kennedy Jr, vaccine skeptic and conspiracy theorist, says Trump promised him control of health policy. Donald Trump will be propelled to the White House for a second term amid concerns ...

World - The Guardian - 5 hours ago

Transit workers who lost jobs when they didn't get Covid vaccines are awarded $1M

Six former employees for the Bay Area Rapid Transit agency who lost their jobs when they did not get Covid vaccines for religious reasons have been awarded more than $1 million each, according to ...

UK doctor gets 31 years for poisoning mother's partner with fake COVID vaccine

A British doctor who was disgruntled about his inheritance and tried to kill his mother’s boyfriend by injecting him with a fake COVID-19 vaccine that was poison has been sentenced to 31 years in ...

Health - ABC News - 22 hours ago

UK doctor gets 31 years for poisoning mother's partner with fake COVID vaccine

A British doctor who was disgruntled about his inheritance and tried to kill his mother’s boyfriend by injecting him with a fake COVID-19 vaccine that was poison has been sentenced to 31 years in ...

World - ABC News - 22 hours ago

Rams' offense takes off in impressive win over Vikings

The Rams' star receivers returned to the lineup, and L.A. earned a feel-good win.

Sports - ESPN - October 25

ABB Posts Higher Profit, Raises Margin Guidance

The Swiss industrial-technology company’s profit and revenue rose as the electrification business offset weakness in robotics, discrete automation and e-mobility.

Business - The Wall Street Journal - October 17

Tele2 Posts Higher Profits; Backs Targets

Tele2 reported a slightly higher third-quarter net profit, helped by growth in revenue from its core telecommunications services, though revenue and underlying earnings were a touch below ...

Business - The Wall Street Journal - October 22

BMW Posts Sharp Fall in Automotive Profitability

BMW reported a sharp drop in profitability for its key automotive unit, hit by costs of a recall and weak demand in China, even as it forecast stronger earnings in the fourth quarter.

Business - The Wall Street Journal - Yesterday

Santander's Profit Beats Expectations on Lower Provisions, Costs

Spain’s largest bank by market capitalization reported a 12% on-year increase in net profit for the three months ended Sept. 30, as lighter provisions and costs helped offset the impact from the ...

Business - The Wall Street Journal - October 29

DHL Owner Net Profit Falls on Costs

Deutsche Post reported a lower net profit on higher costs and said it expects earnings to grow in the fourth quarter, even in a muted economic environment.

Business - The Wall Street Journal - 2 days ago

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