In a move reminiscent of a scene from a high-stakes drama series, Paramount Global is set to oust Chief Executive Officer Bob Bakish in a strategic maneuver to shape the company’s future direction. The decision, expected to be announced just before the company reports earnings, is part of a larger plan to accelerate Paramount’s trajectory,
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The recent approval by the Food and Drug Administration of Pfizer’s gene therapy for a rare genetic bleeding disorder, specifically hemophilia B, marks a significant milestone in the field of healthcare and pharmaceuticals. This groundbreaking treatment, marketed as Beqvez, is poised to revolutionize the way individuals with moderate to severe hemophilia B manage their condition.
Honda Motor, along with unidentified joint venture partners, recently announced their plan to invest $11 billion in Ontario, Canada, to establish an “comprehensive EV value chain.” The investment will focus on setting up new assembly and battery plants, as well as other necessary facilities to support the production of all-electric and fuel cell-powered vehicles. The
Walgreens recently made an announcement that it will be venturing into the world of cell and gene therapies in the United States. This move is part of the company’s strategy to expand its specialty pharmacy services. The company will be working directly with drugmakers to bring these innovative therapies to patients. The establishment of a
Boeing’s recent quarterly report is expected to reveal the significant impact of the midair incident involving a door plug from a 737 Max 9 plane in January. This incident not only led to a series of safety concerns but also resulted in financial losses for the company. Analysts predict that Boeing will report its seventh
PepsiCo faced challenges in the first quarter of 2023, with weaker U.S. demand impacting its earnings. The company reported quarterly earnings and revenue that exceeded analysts’ expectations, despite the setbacks caused by Quaker Oats recalls and consumer backlash due to higher prices for its beverages and snacks. While PepsiCo’s earnings per share of $1.61 adjusted
The U.S. Federal Trade Commission has taken a bold stand by suing to block the $8.5 billion acquisition of Capri Holdings by Tapestry, the parent company of Coach and Kate Spade. This move has put a temporary halt to a deal that would bring together six iconic fashion brands under one umbrella: Coach, Kate Spade,
The recent overwhelming vote by Volkswagen workers in Chattanooga, Tennessee, to join the United Auto Workers is a significant milestone for the union. With 73% of the vote in favor of the UAW, this marks the first successful organizing drive of an automaker outside of Detroit’s Big Three. The National Labor Relations Board reported that
Procter & Gamble recently reported mixed quarterly results, highlighting the challenges the company is facing in bringing back shoppers after implementing price hikes across its product portfolio. The company’s prices were up by 3% compared to the same period last year, with Chief Financial Officer Andre Schulten clarifying that there were no nationwide price increases
Recently, Netflix made a significant announcement that it will no longer provide quarterly membership numbers or average revenue per user starting next year. This decision has sparked a lot of discussion and speculation among investors and analysts. Let’s take a closer look at this move by Netflix and its potential implications. Netflix stated that it