The Food and Drug Administration has given the green light for Novavax’s updated protein-based Covid vaccine to be used in individuals aged 12 and older. This authorization opens the door for Novavax’s vaccine to enter the market alongside the offerings from Pfizer and Moderna as we head into the fall and winter months. Novavax’s vaccine
Business
Best Buy, a leading consumer electronics retailer, recently announced its fiscal-year profit guidance after surpassing both earnings and revenue expectations for the previous quarter. The company reported a net income of $291 million, or $1.34 per share, which exceeded Wall Street estimates. Despite a drop in net sales to $9.29 billion from $9.58 billion the
Ford Motor Company is the latest organization to reconsider its commitments to diversity, equity, and inclusion initiatives. The company has stated that it has undergone a comprehensive review of its DEI policies and practices, taking into consideration the changing external and legal landscape related to political and social issues. In an internal communication, Ford shared
The crypto market has witnessed an unprecedented surge in the number of millionaires and billionaires over the past year. According to a report by New World Wealth and Henley & Partners, the population of crypto millionaires has increased by a staggering 95%, with 172,300 individuals worldwide holding more than $1 million in crypto assets. The
The upcoming National Basketball Association season has left Dallas Mavericks and New Orleans Pelicans fans wondering how they will be able to watch their local games. Both teams are parting ways with their regional sports networks owned by Diamond Sports, as confirmed in a recent bankruptcy court filing. With the NBA season scheduled to kick
Boeing’s Starliner capsule will be returning from the International Space Station without the NASA astronauts it delivered to orbit in early June. This decision was announced by the agency on Saturday, shifting the responsibility of bringing back the astronauts to SpaceX’s Dragon spacecraft. The plan now is for astronauts Butch Wilmore and Suni Williams to
The Biden administration recently announced plans to resume offering free at-home Covid-19 tests to American households in late September. This decision comes as the virus continues to spread rapidly across the U.S., with a surge in cases during the summer months. The initiative, which allows Americans to request four free tests through COVIDtests.gov, aims to
The future of Paramount Global remains uncertain as the company navigates through competing offers from various parties. Edgar Bronfman Jr.’s bid of $4.3 billion for National Amusements, the controlling shareholder of Paramount, initially shook up the playing field. However, in a strategic move, Bronfman raised the stakes by submitting a revised offer of $6 billion,
Ford Motor’s recent announcement regarding the delay in production of their next-generation all-electric pickup truck and the cancellation of plans for a three-row electric SUV has sparked discussions within the automotive industry. The decision to prioritize the development of hybrid models and electric commercial vehicles signifies a shift in the company’s electric vehicle strategy. Let’s
Lowe’s, the home improvement giant, recently announced a cut in its full-year forecast due to a decline in quarterly sales and a projected weakening in spending on do-it-yourself projects. The company now expects total sales to range between $82.7 to $83.2 billion for the full year, falling short of its initial expectations of $84 billion