Netflix Inc. said on Thursday it has cut prices of its subscription plans in some countries as the streaming giant looks to maintain subscriber growth amid stiff competition and strained consumer spending. The past year has seen intense competition in the streaming industry as a pandemic-driven boom fades and consumers curtail spending over fears of…
GM’s Truck Production Cut Signals a Turn in US Auto Sales
DETROIT—New vehicle sales in the United States are expected to increase in February, but the decision by General Motors Co. to cut production of large pickup trucks at a U.S. plant points to new challenges for Detroit’s automakers. The major Detroit pickup truck brands are sitting on growing inventories of unsold vehicles, according to Cox…
AAA Issues Alert to Drivers After ‘Do Not Drive’ Notice Issued
The AAA issued a notice to drivers Friday to check their vehicles for recalls after Honda recently issued a “do no drive” warning for vehicles that haven’t received repairs for Takata Alpha air bag inflators. “Ignoring Takata air bag recall notices can have fatal consequences,” the Northeast AAA said in a news release to multiple news…
Mike Lindell Says He Will Sue Speaker McCarthy for Sharing Jan. 6 Footage With Tucker Carlson
February 24, 2023
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Business & MarketsCompaniescongressFeatured TopicsJan. 6Jan. 6 CoverageKevin McCarthyMedia & Big TechMike LindellPoliticsRepublicansUS
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MyPillow CEO Mike Lindell said he plans on suing House Speaker Kevin McCarthy (R-Calif.) after providing Fox News’ Tucker Carlson with tens of thousands of hours of footage of the Jan. 6, 2021, Capitol breach. During a Thursday interview with Steve Bannon on his “War Room” podcast, Lindell said he is planning to file a…
NPR Cuts Roughly 10 Percent of Workforce Amid ‘Darkened’ Financial Outlook
The National Public Radio (NPR) is cutting roughly 10 percent of its current workforce as the network’s financial outlook recently “darkened considerably” amid declining advertising revenue, NPR’s executive officer announced on Thursday. “At a time when we are doing some of our most ambitious and essential work, the global economy remains uncertain. As a result,…
Climate Advocate Al Gore and CEO Tim Cook Must Be Ousted From Apple Board: NLPC
February 24, 2023
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Al Goreapple boardBusiness & Marketsclimate alarmismCompaniesTim CookUSUyghur Forced Labor Prevention Act (UFLPA)
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The National Legal and Policy Center (NLPC), a nonprofit that reports on the ethics of public officials, has made two filings with the U.S. Securities and Exchange Commission (SEC) opposing the position of Apple CEO Tim Cook and climate advocate Al Gore on Apple’s board of directors. The SEC filing that called for voting against…
Wall Street Tumbles at Open as Inflation Data Fuels Fed Worries
Wall Street’s main indexes opened sharply lower on Friday as a surge in consumer spending and inflation in January sparked concerns that the Federal Reserve will stick to its hawkish stance for longer. The Dow Jones Industrial Average fell 154.72 points, or 0.47 percent, at the open to 32,999.19. The S&P 500 opened lower by…
German Chemical Giant BASF to Close Factories Without Cheap Russian Gas
February 24, 2023
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BASFBusiness & MarketsCompanieseconomic policieseconomyenergyenergy pricesEuropeinflationInvestmentlayoffsMarketsRussia-Ukraine WarWorld
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The world’s largest chemical company is closing a number of its factories, as the era of cheap Russian gas grinds to a halt amid a deterioration in the global economy. BASF SE will cut 2,600 positions, about 2 percent of its global workforce, to save on operational costs, as the European Union’s biggest chemical firm is forced…
Hundreds Lose Jobs as Troubled Pharma Company Abruptly Shutters All Sites
Illinois-based Akorn Pharmaceuticals closed all its locations in the United States this week, abruptly laying off hundreds of employees, according to a letter sent to employees by the company’s president and CEO, Douglas Boothe The employees will receive no severance pay or extended health insurance. The letter was obtained by the Herald & Review newspaper in…
Moderna mRNA Cancer Vaccine Gets FDA’s Breakthrough Therapy Designation
February 24, 2023
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Business & Marketscancer vaccineCCP VirusCompaniesHealth & SafetyLifestylemelanomamRNA vaccinationScienceScience Newsskin cancerUSUS NewsVaccines & Safety
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The U.S. Food and Drug Administration (FDA) has granted a “breakthrough therapy” designation to Moderna’s personalized mRNA skin cancer vaccine combined with a drug by Merck for treating patients with high-risk melanoma. The “breakthrough therapy” designation has been granted to Moderna’s mRNA-4157/V940, an investigational personalized mRNA cancer vaccine, in combination with Merck’s anti-PD-1 therapy KEYTRUDA…
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