Category: Companies

SEC, New York Regulator Oppose Binance.US $1 Billion Deal for Voyager

The U.S. Securities and Exchange Commission (SEC) and New York’s top financial regulator have opposed crypto exchange Binance.US’s $1 billion deal to buy bankrupt crypto lender Voyager, the latest in a string of U.S. regulatory moves against crypto firms. The Voyager deal may violate laws on the unregistered offer and sale of securities, the SEC…


Moderna Forecasts COVID-19 Sales Decline as Costs Rise, Shares Fall

Moderna Inc. on Thursday forecast declining COVID-19 vaccine sales and rising costs for 2023, raising concerns the U.S. biotech company could post a loss this year, and its shares fell 7 percent. Moderna forecast $6 billion in costs for the year, $1 billion more than the revenue it expects to take in from sales of…


FDA Finds Rare Neurological Disorder Is ‘Potential Risk’ With Pfizer RSV Vaccine

The Food and Drug Administration (FDA) stated that two older adults who received Pfizer’s respiratory syncytial virus (RSV) vaccine during a clinical trial were subsequently diagnosed with a rare neurological disorder known as Guillain-Barré syndrome. Briefing documents (pdf) released on Feb. 24 ahead of this week’s meeting of the Vaccines and Related Biological Products Advisory…


FDA Finds Rare Neurological Disorder Is a ‘Potential Risk’ With Pfizer Vaccine

The Food and Drug Administration (FDA) said two people who received Pfizer’s respiratory syncytial virus (RSV) vaccine during a clinical trial were subsequently diagnosed with a rare neurological disorder known as Guillain-Barre syndrome. Briefing documents (pdf) released on Feb. 24 ahead of an upcoming meeting of the Vaccines and Related Biological Products Advisory Committee flagged…


FDA Finds Rare Neurological Disorder Is a ‘Potential Risk’ With Pfizer RSV Vaccine

The Food and Drug Administration (FDA) said two people who received Pfizer’s respiratory syncytial virus (RSV) vaccine during a clinical trial were subsequently diagnosed with a rare neurological disorder known as Guillain-Barre syndrome. Briefing documents (pdf) released on Feb. 24 ahead of an upcoming meeting of the Vaccines and Related Biological Products Advisory Committee flagged…


[SUNDAY WATCH PARTY] Aaron Siri (Part 1): Why Are Vaccine Manufacturers the Most Protected Companies in America?

Join us for our ATL Sunday Watch Party! During the Watch Party this Sunday at 7:30pm ET, everyone can watch part one of our episode with Aaron Siri for FREE—even without a subscription. Feel free to share this link with your friends and family! This episode was originally published in Feb 9, 2023. “When we…


Russia Halts Pipeline Oil Supplies to Poland, PKN Orlen Says

WARSAW—Russia has halted supplies of oil to Poland via the Druzhba pipeline, the chief executive of Polish refiner PKN Orlen said on Saturday, adding that the company would tap alternative sources to plug the gap. The halt in supplies via the pipeline—which has been exempted from EU sanctions imposed on Russia following its full-scale invasion…


Food Makers, Feeling Squeezed, Pull the Plug on Slow-Selling Products

BOCA RATON, Florida/LONDON—Major consumer companies including Kraft Heinz Co. and Conagra Brands Inc. are culling product lines to combat sky-high costs and falling consumer demand, their executives said this week. Many companies started slimming their offerings during the pandemic and are aggressively renewing those efforts, eliminating less-popular items to focus on products on which they…


TikTok Banned in European Union’s Governing Bodies Over Security Concerns

The Chinese-owned video-sharing app TikTok has been banned in the two biggest policy-making institutions of the European Union over concerns about cybersecurity and promotion of Beijing’s agenda overseas. TikTok, which is owned by Chinese company ByteDance, has been widely criticized for its toxic content and is banned by several countries as well as 25 U.S….


Canada’s TD Gets Regulatory Nod for $1.3 Billion Purchase of Cowen

Canada’s Toronto-Dominion Bank has received all regulatory approvals to complete its $1.3 billion acquisition of New York-based boutique investment bank Cowen Inc., the companies said on Friday. The deal is expected to close on March 1, they said. TD announced the buyout in August, building on its strategy to expand in the United States. Last…