Moderna recently reported its second-quarter revenue, which surpassed expectations, but the biotech company decided to slash its full-year sales guidance. The decreased guidance was attributed to lower anticipated sales in Europe, a competitive market for respiratory vaccines in the U.S., and the potential for deferred international revenue until 2025. Despite this, Moderna is now projecting
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The Louisiana Public Facilities Authority is preparing to price $1.33 billion in Baa3-rated toll bonds next week for a public-private partnership to replace the Calcasieu River Bridge. This massive project is expected to have maturities well into the mid-21st century and will be managed by JPMorgan and Wells Fargo. One of the main concerns with
Vice President Kamala Harris has made it clear that building up the middle class will be a top priority during her presidency. She believes that a strong middle class is essential for a strong America and that families need relief from the high cost of living to not just get by but to get ahead.
The process of rebuilding America’s roads and bridges with funds from the Bipartisan Infrastructure Law is facing significant challenges due to regulations and red tape. Despite the intentions behind the legislation, the actual implementation is being hindered by bureaucratic hurdles that slow down progress. This has raised concerns among proponents of the law who are
Boeing has recently announced the appointment of Robert “Kelly” Ortberg as the new CEO, replacing Dave Calhoun. Ortberg, a veteran in the aerospace industry, comes from outside the company, bringing with him a wealth of experience from his time at Rockwell Collins. With Ortberg set to start on August 8, the industry is watching closely
The automotive industry is constantly evolving, with companies like Ford Motor leading the charge in innovation and technological advancements. One such example is the redesigned 2025 Ford Maverick, a small but mighty pickup truck that is making waves in the market. The latest updates to the Maverick include a host of exciting features that are
The city of Gary, Indiana, is embarking on a revitalization effort aimed at transforming the downtown area through strategic bond financings. With projects in the pipeline such as the Gary Metro Center station redevelopment and the construction of a convention center in Lake County, the city is collaborating with Notre Dame’s School of Architecture to
Recent data from the Mortgage Bankers Association suggests that home affordability has slightly improved for buyers this summer. The report indicates that the median new mortgage payment in June was $2,167, reflecting a 2.4% decline from May. This improvement in affordability can be attributed to a decrease in the index that measures how new monthly
Spirit Airlines, known for its budget-friendly approach to air travel, is making significant changes to its ticketing options in an effort to attract more customers and increase revenue. Starting next month, the Florida-based carrier will introduce four categories of service aimed at providing travelers with more choices and added perks. From “Go Big” Tickets offering
The aviation industry has been facing significant challenges in recent years, as evidenced by the low number of massive airplane orders at the Farnborough Airshow. This year, the focus was not on new orders but rather on the struggles faced by major manufacturers Boeing and Airbus. These struggles include ramping up airplane production, dealing with