The restaurant industry has been experiencing a significant slowdown, with sales slumping and traffic declining as customers reduce their spending. However, fast-casual chains like Chipotle Mexican Grill, Wingstop, and Sweetgreen are defying this trend by reporting strong sales this quarter. These chains have seen higher traffic growth than any other dining sector from November to
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Moderna recently announced that the approval of its vaccine for respiratory syncytial virus (RSV) by the Food and Drug Administration (FDA) has been delayed until the end of May. This delay was attributed to “administrative constraints” within the agency, which were not related to any safety, efficacy, or quality issues with the vaccine itself. The
The upcoming boxing match between former heavyweight champion Mike Tyson and social media influencer turned boxer Jake Paul is causing quite a stir. The event, set to take place at AT&T Stadium in Arlington, Texas, has already generated a significant amount of interest from both fans and bettors alike. Scheduled for July 20 and to
In a surprising turn of events, the summer box office in 2024 does not feature a Marvel film as its headlining act for the first time since 2009. This departure from the norm has had a noticeable impact on the box office numbers, with the opening weekend dominated by Universal’s “The Fall Guy,” which failed
Oddity Tech, a newly public Israeli cosmetics platform utilizing AI to develop products, recently released its first-quarter results, exceeding analysts’ expectations and raising its full-year guidance. The company reported earnings per share of 61 cents, adjusted, compared to the 49 cents expected, and revenue of $211.63 million, surpassing the expected $205 million. This performance showcases
Former Starbucks CEO Howard Schultz has pointed out the main issues that he believes are causing the coffee chain’s recent struggles. According to Schultz, the company needs to focus on improving its U.S. stores, particularly in terms of the customer experience. He emphasized the importance of enhancing the mobile order and pay experience, as well
Amgen’s stock experienced a significant surge of over 12% on Friday, following positive initial data release regarding its experimental weight loss injection. This news sparked enthusiasm among investors but also raised concerns about potential competition within the weight loss drug industry. The announcement had a direct impact on the stock prices of Novo Nordisk and
Wayfair, the online furniture retailer, recently released its first-quarter earnings report. Despite a slight decline in sales, the company managed to reduce its losses after cutting 13% of its workforce earlier in the year. Wayfair surpassed Wall Street’s expectations both in terms of revenue and loss per share. The company reported a net loss of
Johnson & Johnson recently announced a $6.5 billion settlement plan to resolve thousands of lawsuits in the U.S. alleging that their talc-based products caused ovarian cancer. This move comes after years of financial and public relations issues for the company, which has consistently maintained that their products are safe for consumers. The majority of the
Recently, a federal judge in New Jersey made a significant ruling regarding Johnson & Johnson’s and Bristol Myers Squibb’s legal challenges to the Biden administration’s Medicare drug-price negotiations. The decision is a blow to the pharmaceutical industry’s attempts to challenge the constitutionality of the program, which is a key policy under President Joe Biden’s Inflation