Category: Companies

Pfizer Board Member Responds After Emails Show He Pressured Twitter to Censor

Pfizer board member and former U.S. Food and Drug Administration Commissioner Dr. Scott Gottlieb has responded to the release of emails showing he pressured Twitter to censor posts, including one that accurately stated post-infection immunity is superior to that bestowed by COVID-19 shots from Pfizer and other companies. Gottlieb said on Jan. 9 that he raised…


New Documents Expose White House’s Alleged Social Media ‘Censorship Scheme’ Targeting Tucker Carlson, Others

Two Republican attorneys general have released documents showing what they say is the White House’s pressure campaign on Facebook to censor content, including a video by conservative media personality Tucker Carlson on the COVID-19 vaccines. The new documents, released on Jan. 9 and 10 by Louisiana Attorney General Jeff Landry and Missouri Attorney General Andrew Bailey,…


BMW Sales Recover in 4th Quarter as Supply Chain Issues Ease

BERLIN—BMW fourth-quarter group sales rose 10.6 percent, the carmaker said on Tuesday, helped by easing supply chain bottlenecks in a year that has been plagued by war in Ukraine and lockdowns in China. Full-year deliveries were down 4.8 percent, with Europe and China hardest hit by supply chain troubles that curbed output, particularly in the…


Global Shares Ease After Fed Officials Dent Optimism

LONDON—Global shares eased on Tuesday as investors took profit on the gains from the past two weeks after comments from two Federal Reserve officials injected a note of caution over the U.S. rate outlook, knocking equities, commodities, and other risk assets. The MSCI All-World index eased 0.1 percent, but remained in sight of Monday’s three-week…


Wall Street Expects Big Drop in Corporate Earnings and More Layoffs Starting January: Analysts

U.S. businesses are expected to see corporate earnings drop owing to a slowdown in the economy and rising interest rates, while many prominent tech firms will continue with staff layoffs starting this month, according to analysts. “Downgrades will be a key driver of the first quarter and especially this earnings season,” Joachim Klement, a market…


Talents Shortage Remains the Top Challenge For Australian Businesses: KPMG Survey

Recruiting, retaining, and upskilling staff remains the top challenge concerning Australian business leaders in 2023, according to the latest annual report by KPMG Australia, which surveyed 473 senior executives. The fifth edition of  Keeping us up at Night, released in the first week of the new year, shows that 77 percent of business leaders nominated…


US Asks Tesla About Musk Tweet on Driver Monitoring Function

WASHINGTON—The National Highway Traffic Safety Administration (NHTSA) Monday said it was in contact with Tesla about a tweet Chief Executive Elon Musk wrote about a driver monitoring function. A Dec. 31 tweet suggested drivers with more than 10,000 miles using Tesla’s “Full Self-Driving” (FSD) software system should be able to disable the “steering wheel nag,”…


Patients Could Pay More After GP Tax Rules Tweaked: Doctor’s Associations

Patients could end up paying more after the Queensland government in Australia tweaked its tax rules to compel general practices to pay thousands or millions to state coffers. Leading doctor’s associations issued the warning after the state changed the way GPs were taxed in response to a court ruling in New South Wales. The change…


FAA Proposes Requiring 5G Safeguards on Planes by Early 2024

WASHINGTON—The Federal Aviation Administration (FAA) said Monday it is proposing a requirement that passenger and cargo aircraft in the United States have 5G C-Band-tolerant radio altimeters or install approved filters by early 2024. Concerns that 5G service could interfere with airplane altimeters, which give data on a plane’s height above the ground and are crucial…


Bed, Bath & Beyond Rebounds in Meme-Stock Rally

NEW YORK—Shares of Bed, Bath & Beyond Inc. rebounded sharply in high volume trading on Monday amid speculation by retail investors that the struggling home goods seller might be a potential acquisition target. Shares of the company were last up 35 percent at $1.77, on track for their biggest one-day percentage surge since Aug. 8….