In a recent announcement, biotech giant Moderna updated its sales expectations for 2025, slashing its revenue forecast by approximately $1 billion. This significant adjustment, driven by anticipated challenges within the market, underscores the ongoing volatility that pharmaceutical firms, especially in the vaccine sector, face. With a freshly projected revenue range of $1.5 billion to $2.5
Business
The ongoing wildfires in California have thrust the state, particularly Los Angeles, into a state of emergency. The extensive damage caused by these wildfires—not only to property but also to the local infrastructure—has directly influenced air travel in and out of the area. Major airlines have implemented travel waivers to accommodate affected travelers, reflecting a
In a notable departure from its earlier predictions, Nordstrom has raised its full-year sales outlook following a more vigorous-than-expected performance during the holiday shopping season. This news arrives as the Seattle-based department store prepares for significant changes, particularly with the impending private buyout by the founding family alongside Mexican retailer El Puerto de Liverpool. This
In an era where consumer habits are rapidly evolving, McDonald’s made a bold foray into the beverage sector with its offshoot brand, CosMc’s. Launched over a year ago, CosMc’s aimed to capture the burgeoning demand for afternoon refreshments among younger demographics. By establishing its first location in Bolingbrook, Illinois, and subsequently expanding into Texas, the
In a remarkable turnaround, Chuck E. Cheese stands as a testament to resilience and innovation in the uncertain post-pandemic landscape. The beloved family entertainment chain faced an incredibly challenging period, entering Chapter 11 bankruptcy in June 2020, just as the world was beginning to adapt to life after COVID-19 lockdowns. Its parent company, CEC Entertainment,
As we venture into 2024, international travel is becoming increasingly accessible for those willing to fly longer distances. Recent data highlights some promising trends in flight prices compared to last year, indicating that a variety of international destinations may be within reach for travelers on a budget. According to Hopper, a flight-tracking service, airlines have
As we look ahead to 2025, the used vehicle market appears poised for stability following several tumultuous years marked by significant price fluctuations. The automotive data and logistics company, Cox Automotive, forecasts that the wholesale prices for used vehicles, as tracked by their Manheim Used Vehicle Value Index, will show a 1.4% increase by the
As the travel industry continues its recovery following the pandemic’s disruptions, Delta Air Lines has announced a significant transition from its long-standing partnership with Lyft to a new alliance with Uber. This strategic shift not only underscores Delta’s commitment to enhancing customer experience but also highlights the increasing importance of integrated loyalty programs in the
In recent years, the fashion industry has witnessed an intriguing resurgence of brands that once seemed to fade into obscurity. A notable example is True Religion, the denim brand that has recently been acquired by Acon Investments and SB360 Capital Partners, a retail investment firm affiliated with American Eagle. This acquisition marks a significant turn
The media landscape is continually morphing, shaped by mergers and acquisitions that aim to adapt to the rapidly evolving consumer preferences in entertainment. The recent announcement of Disney’s plan to merge Hulu+ Live TV with Fubo represents a pivotal move within the industry, allowing both companies to capitalize on each other’s strengths. By delving into