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Moderna to slash 10% of workforce as biotech cuts costs, Covid shot sales slow

Moderna to slash 10% of workforce as biotech cuts costs, Covid shot sales slow

Business News

The Moderna Inc. headquarters in Cambridge, Massachusetts, on March 26, 2024. Adam Glanzman | Bloomberg | Getty Images Moderna on Thursday said it plans to slash roughly 10% of its global workforce by the end of the year, as Covid shot sales continue to dwindle and the company grapples with uncertainty in the vaccine market.  […]

Moderna to slash 10% of workforce as biotech cuts costs, Covid shot sales slow Read More »

Eli Lilly’s Mounjaro shows heart health benefits in head-to-head trial with older diabetes drug Trulicity

Eli Lilly’s Mounjaro shows heart health benefits in head-to-head trial with older diabetes drug Trulicity

Business News

Eli Lilly on Thursday said its blockbuster diabetes drug Mounjaro showed heart health benefits in a late-stage trial directly comparing it to the company’s older diabetes treatment, Trulicity. Mounjaro met the study’s main goal of showing that it wasn’t any worse than Trulicity at treating people with Type 2 diabetes and established cardiovascular disease. But shares

Eli Lilly’s Mounjaro shows heart health benefits in head-to-head trial with older diabetes drug Trulicity Read More »

Microsoft tops trillion in market cap after hours, joining Nvidia in exclusive club

Microsoft tops $4 trillion in market cap after hours, joining Nvidia in exclusive club

Finance News

Microsoft Chairman and CEO Satya Nadella speaks in front of the OpenAI logo at the Microsoft Build conference in Seattle, Washington, on May 19, 2025. Jason Redmond | AFP | Getty Images The $4 trillion club has a second member, at least based on after-hours trading. Following a better-than-expected earnings report on Wednesday, Microsoft shares

Microsoft tops $4 trillion in market cap after hours, joining Nvidia in exclusive club Read More »

Microsoft’s stock pops 7% on earnings beat as Azure annual revenue tops billion

Microsoft’s stock pops 7% on earnings beat as Azure annual revenue tops $75 billion

Technology News

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. David Ryder | Bloomberg | Getty Images Microsoft shares jumped 7% in extended trading on Wednesday after the company reported better-than-expected earnings and revenue for the fiscal fourth quarter. Here’s

Microsoft’s stock pops 7% on earnings beat as Azure annual revenue tops $75 billion Read More »

Ford reinstates full-year outlook, including billion tariff hit

Ford reinstates full-year outlook, including $2 billion tariff hit

Business News

Ford Motor reported second-quarter revenue that beat expectations Wednesday and reinstated its full-year guidance, which includes an estimated net $2 billion hit from tariffs. The automaker suspended its full-year guidance in May due to President Donald Trump’s auto tariffs. At that time, Ford predicted a $2.5 billion impact from tariffs this year but said it

Ford reinstates full-year outlook, including $2 billion tariff hit Read More »

High Noon recalls some 12-packs, saying they may contain Celsius energy drink cans filled with vodka seltzer

High Noon recalls some 12-packs, saying they may contain Celsius energy drink cans filled with vodka seltzer

Business News

High Noon vodka seltzer and Celsius energy drinks Kevin Carter | David Paul Morris | Bloomberg | Getty Images High Noon has issued a nationwide recall of one of its popular vodka seltzer drinks, saying some packages may contain Celsius energy drink cans filled with the alcoholic beverage. The cans, labeled as Celsius Astro Vibe

High Noon recalls some 12-packs, saying they may contain Celsius energy drink cans filled with vodka seltzer Read More »

Wall Street sees Starbucks comeback taking hold, even after another lackluster quarter

Wall Street sees Starbucks comeback taking hold, even after another lackluster quarter

Business News

Customers enter a Starbucks coffee shop in New York, US, on Monday, July 28, 2025. Victor J. Blue | Bloomberg | Getty Images Wall Street is seeing early signs that Starbucks‘ turnaround is taking hold, despite a quarterly earnings miss and another quarter of shrinking same-store sales. “The focus for Starbucks’ third fiscal quarter was

Wall Street sees Starbucks comeback taking hold, even after another lackluster quarter Read More »

Apple is facing pressure from Wall Street to figure out its AI strategy

Apple is facing pressure from Wall Street to figure out its AI strategy

Finance News

Apple CEO Tim Cook and Senior Vice President of Software Engineering Craig Federighi speak during Apple’s annual World Wide Developers Conference at the company’s headquarters in Cupertino, California, U.S., June 9, 2025. Laure Andrillon | Reuters While its megacap tech peers are bragging about building island-sized data centers filled with Nvidia chips to power artificial

Apple is facing pressure from Wall Street to figure out its AI strategy Read More »

Starbucks same-store sales fall again, but CEO Niccol says turnaround is ahead of schedule

Starbucks same-store sales fall again, but CEO Niccol says turnaround is ahead of schedule

Business News

Consumers walk in front of a Starbucks coffee shop in Galeria Krakowska shopping mall in central Krakow, Poland, on July 11, 2025. Dominika Zarzycka | Nurphoto | Getty Images Starbucks on Tuesday reported its sixth straight quarter of same-store sales declines as the company implements a turnaround strategy. CEO Brian Niccol said in a statement

Starbucks same-store sales fall again, but CEO Niccol says turnaround is ahead of schedule Read More »

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