Pfizer forecasts big drop in revenue after record $100M COVID-led haul

Pfizer forecasts big drop in revenue after record $100M COVID-led haul

Pfizer on Tuesday forecast a bigger-than-expected drop in sales of its COVID-19 vaccine and treatment for 2023, intensifying investor concerns over demand for the products as governments cut orders and work through inventories. Chief Executive Albert Bourla said that 2023 should be a “transition year” for Pfizer’s COVID products, before potentially returning to growth in 2024. Pfizer’s … Read more

McDonald’s Q4 boosted by higher menu prices amid inflation alarms

McDonald's Q4 boosted by higher menu prices amid inflation alarms

McDonald’s on Tuesday beat Wall Street estimates for quarterly profit on higher menu prices, even as it warned short-term inflationary pressures would persist in 2023. Shares of the burger chain fell about 2.3% to $264.55, after gaining about 6% in the last 12 months. Investors are watching bellwethers like McDonald’s for any sign consumers are cutting spending … Read more

US home price inflation slows further in November

US home price inflation slows further in November

US single-family home price growth cooled further in November, surveys showed on Tuesday, which together with declining mortgage rates could help to slow the housing market’s slide deeper into recession. The S&P CoreLogic Case Shiller national home price index, covering all nine US census divisions, increased 9.2% year-on-year in November, pulling back from October’s increase of 10.7%. A surge … Read more

‘The View’ host Whoopi Goldberg says problem is ‘policing itself’ after fatal Tyre Nichols beating

'The View' host Whoopi Goldberg says problem is 'policing itself' after fatal Tyre Nichols beating

“The View” co-host Whoopi Goldberg and other panelists expressed outrage and called for police reform on Monday in response to the fatal beating of Tyre Nichols in Memphis. The talk show hosts discussed the horrific camera footage showing Nichols, who was black, being beaten by five black police officers – Tadarrius Bean, 24, Demetrius Haley, 30, Emmitt Martin … Read more

‘Shouldn’t have had dinners with him’

'Shouldn't have had dinners with him'

Microsoft co-founder and billionaire philanthropist Bill Gates continued to downplay his relationship with convicted pedophile Jeffrey Epstein, claiming for the “100th time” they were merely dinner pals.  Australia’s “ABC 7.30” host Sarah Ferguson noted during an interview with Gates on Monday “one of the issues that dogged” his relationship to ex-wife, Melinda French Gates, was his ties to Epstein. … Read more

J&J’s talc bankruptcy case rejected by appeals court

J&J’s talc bankruptcy case rejected by appeals court

Johnson & Johnson’s strategy to use bankruptcy to resolve the multibillion-dollar litigation over claims its talc products cause cancer was rejected by a federal appeals court on Monday, but the healthcare conglomerate said it would challenge the ruling. The decision by the 3rd Circuit Court of Appeals in Philadelphia removed from bankruptcy the company’s LTL Management unit, which … Read more

Ford follows Tesla with price cut on Mustang Mach-E SUV

Ford follows Tesla with price cut on Mustang Mach-E SUV

Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leader Tesla took similar steps. The Detroit automaker is increasing production of the Mach-E this year and said it is taking advantage of streamlined costs to reduce prices across the board, it said Monday. The cut comes … Read more