The Food and Drug Administration recently authorized Novavax’s updated protein-based Covid vaccine for emergency use in individuals aged 12 and above. This move allows Novavax’s vaccine to join the competition with Pfizer and Moderna’s vaccines in the upcoming fall and winter seasons. Novavax’s vaccine is designed to target the omicron subvariant JN.1, which has been
Business
Best Buy recently announced that they have raised their fiscal-year profit guidance after surpassing both earnings and revenue expectations for the latest quarter. The company now projects full-year adjusted earnings per share to be in the range of $6.10 to $6.35, which is an increase from the previous range of $5.75 to $6.20. However, they
The toy industry faced an inflation-driven sales slowdown in the first half of 2024, but Lego managed to defy the odds by experiencing a 13% increase in revenue, amounting to 31 billion Danish krone or approximately $4.65 billion. The CEO of Lego, Niels Christiansen, attributed this success to the company’s strength across its portfolio, particularly
The world has seen a staggering 95% increase in the population of crypto millionaires over the past year, with a total of 172,300 individuals now holding assets worth more than $1 million in the crypto space. This significant jump from 88,200 last year is indicative of the growing popularity and acceptance of cryptocurrencies as an
As the upcoming National Basketball Association season approaches, fans of the Dallas Mavericks and the New Orleans Pelicans are eager to find out where they will be able to watch their favorite teams play. Both franchises are parting ways with their regional sports networks owned by Diamond Sports, according to a recent bankruptcy court filing.
Monterey Car Week is well-known for its prestigious car auctions, attracting high-net-worth individuals and avid collectors from around the globe. However, recent trends indicate a shift in the market dynamics. Auction sales during Monterey Car Week experienced a 3% decline from the previous year, with total sales at five prominent auction houses totaling $391.6 million,
The future of Paramount Global remains uncertain as a result of a competing offer from Edgar Bronfman Jr. The special committee at Paramount has decided to extend the “go shop” period of its merger agreement with Skydance by 15 days to review Bronfman’s $6 billion bid for National Amusements, the controlling shareholder of Paramount. This
Ford Motor recently announced a shift in its production plans, delaying the production of a next-generation all-electric pickup truck in Tennessee and canceling a three-row electric SUV. Instead, the company is prioritizing the development of hybrid models and electric commercial vehicles. This decision comes after evaluating the market and recognizing the need to focus on
Alaska Airlines has successfully navigated through the regulatory process of acquiring Hawaiian Airlines, as the U.S. Justice Department has given its clearance for the deal to move forward. This milestone comes after eight months of negotiations since the announcement of the $1.9 billion agreement to combine the two carriers. The completion of the U.S. Department
California Gov. Gavin Newsom recently signed 10 new bills into law aimed at combating retail crime in the state. These laws address a variety of issues including shoplifting, theft from vehicles, organized theft, and the resale of stolen goods on online marketplaces. The package of laws comes in response to a growing concern among retailers