A problem with a critical air traffic control system that caused flight delays at major airports in Florida on Monday has been fixed, the Federal Aviation Administration (FAA) said. “The computer issue has been resolved. The FAA is working toward safely returning to a normal traffic rate in the Florida airspace,” the agency said in…
Tesla Says It Sold a Record 1.3 Million Vehicles Last Year
AUSTIN, Texas—Tesla said Monday that sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk’s pledge to grow the company’s sales by 50 percent nearly every year. The 2022 figure topped the prior record of 936,000 vehicles delivered in 2021, but it was shy of the 1.4 million…
Darkest Days Likely Over for Eurozone Factories, December PMIs Show
LONDON—The downturn in eurozone manufacturing activity has likely passed its trough as supply chains begin to recover and inflationary pressures ease, a survey showed on Monday, leading to a rebound in optimism among factory managers. S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) bounced to 47.8 in December from November’s 47.1, matching a preliminary reading…
World Markets Mixed After S&P 500 Ends Worst Year Since 2008
January 2, 2023
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BANGKOK—Shares began the year mixed, with European benchmarks opening higher on Monday after a lackluster session for the few Asian markets not closed for New Year holidays. U.S. markets are also closed. This week brings employment data and minutes from the latest meeting of the Federal Reserve, as 2023 begins with persisting uncertainties over the…
Pharma Companies Including Pfizer, AstraZeneca to Hike Cost of Over 350 Drugs in 2023
The costs of over 350 different drugs are set to rise in the United States this year as multiple pharmaceutical companies, including Pfizer, prepare for President Joe Biden’s Inflation Reduction Act (IRA) to take effect and inflation continues to soar. Pfizer, AstraZeneca, GlaxoSmithKline, Bristol Myers Squibb, and Sanofi are among several drugmakers set to raise prices…
Pharma Companies to Hike Cost of Over 350 Drugs in 2023: Analysis
The costs of over 350 different drugs are set to rise in the United States this year as multiple pharmaceutical companies, including Pfizer, prepare for President Joe Biden’s Inflation Reduction Act (IRA) to take effect and inflation continues to soar. Pfizer, AstraZeneca, GlaxoSmithKline, Bristol Myers Squibb, and Sanofi are among several drugmakers set to raise prices…
General Motors Funds Transgenderism Efforts in Children’s Classrooms
January 1, 2023
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General Motors (GM) provided a grant to a pro-transgender organization that supplies kindergarten and elementary classrooms with children’s books that support its ideology. The Detroit-based automaker made a donation last year to the Gay Lesbian and Straight Education Network’s (GLSEN) “Rainbow Library” Program, according to its 2021 Social Impact Report (pdf). The pro-transgender organization is known…
Southwest Promises Refunds as Airline Sees ‘Certain’ Financial Impact
WASHINGTON—Southwest Airlines promised to reimburse passengers for expenses such as hotels and car rentals in addition to refunding tickets after it canceled thousands of flights due to a massive winter storm and said there would be a still-undetermined hit to its earnings. “There’ll certainly be an impact to the fourth quarter,” Chief Commercial Officer Ryan…
Hershey Sued Over Chocolate Containing Heavy Metals
NEW YORK—Hershey Co. has been sued by a consumer who accused the company of selling dark chocolate that contains harmful levels of lead and cadmium. In a proposed class action filed on Wednesday, Christopher Lazazzaro said he would not have bought or would have paid less for Hershey’s Special Dark Mildly Sweet Chocolate, Lily’s Extra…
At Southwest Airlines, a Day of Calm After a Week of Chaos
DALLAS—Southwest Airlines returned to a relatively normal flight schedule Friday, as the focus shifts to making things right with what could be well more than a million passengers who missed family connections or flights home during the holidays, and many of whom are still missing luggage. The Dallas carrier, which had canceled thousands of flights…
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