Airbnb said that it earned $117 million in the first quarter as revenue rose during the ongoing recovery in travel, but the company’s outlook for late spring and early summer disappointed investors. The San Francisco-based company’s shares fell nearly 12 percent in extended trading hours after Airbnb posted the forecast on Tuesday. The weak outlook…
Japan’s Honda Records Lower Profit, Projects Recovery Ahead on Sales Rebound
TOKYO—Honda’s profit for the fiscal year that ended in March dropped 1.7 percent as sales took a hit from a semiconductor shortage and restrictions in China related to the coronavirus pandemic. But the Japanese automaker said Thursday that recovery was on the way, forecasting record sales and operating profitability for the current fiscal year. Net…
Buffett’s Dairy Queen Sees Taiwan Among Possible New Markets, While Mindful of Geopolitics
Berkshire Hathaway-owned Dairy Queen is exploring options to expand in new markets, perhaps including Taiwan, the company’s CEO said, even as geopolitical concerns with China simmer. Owned by Warren Buffett’s Berkshire Hathaway since 1998, the fast-food chain counts China as its second-largest market, operating more than 1,250 stores there out of more than 7,000 worldwide….
Judge Orders FDA to Speed Up Release of COVID-19 Vaccine Trial Data From 23.5 Years to Just 2
May 13, 2023
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AMERICABusiness & MarketsCCP VirusCompaniesCOVID-19 vaccineFDAModernaPfizerUSUS NewsVaccines & Safety
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A federal judge in Texas this week ordered the Food and Drug Administration (FDA) to make public data it relied on to license COVID-19 vaccines—Moderna’s for adults and Pfizer’s for children—at an accelerated rate, requiring all documents to be made public by mid-2025 rather than, as the FDA wanted, over the course of around 23.5…
Business Leaders Oppose Biden’s New Power Plant Rules, Which Set Lofty Climate Goals
The Biden administration released its toughest-ever rules for power plants, drawing backlash from the country’s largest business organization. The U.S. Chamber of Commerce issued a statement on Thursday urging the administration to propose more reasonable carbon reduction goals for power plants to avoid disrupting the future power supply. The Environmental Protection Agency’s proposed power plant…
Pfizer Throws Support Behind Changing Australia’s Constitution
May 12, 2023
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AustraliaBusiness & MarketsCCP VirusCompaniesIndigenous Voice to ParliamentInternationalPfizerThe VoiceWarren MundineWorld
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Pharmaceutical giant Pfizer is backing the contentious Indigenous Voice to Parliament to change Australia’s Constitution to better reflect Aboriginal interests. Pfizer is the latest corporate entity to throw its support behind the proposal that will set up an almost-parallel layer of government exclusively for Aboriginal and Torres Strait Islanders. Anne Harris, managing director of Pfizer…
CNN Defends Hosting Trump Town Hall
May 12, 2023
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2024 electionAnderson CooperBusiness & MarketsCNNCompaniesDonald TrumpKaitlin CollinsMedia & Big TechPoliticsUS
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CNN’s on-air personalities are defending the network’s decision to host a town hall-style interview with former President Donald Trump on Wednesday night. While many Republicans and conservatives cheered on Trump’s performance on the stage, numerous Democrat politicians criticized the cable news network for giving him such a platform. For instance, Rep. Alexandria Ocasio-Cortez (D-N.Y.) posted that…
State Attorneys General Act to Stop BlackRock from Acquiring Large Stakes in US Electric Utilities
May 12, 2023
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BlackRockBusiness & MarketsCompanieseconomic policiesenergyESGfercGold and CommoditiesinflationInvestmentMarketsUSUS Electric GridUS NewsVanguard
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State attorneys general of 17 states filed a motion this week with the Federal Energy Regulatory Commission (FERC) to stop BlackRock, the world’s largest asset manager and an outspoken advocate for replacing fossil fuels with wind and solar power, from acquiring large shares in America’s utility companies. To protect the independence and stability of America’s…
DeSantis Appoints New District Administrator With Power Over Disney World
May 12, 2023
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Business & MarketsCompanieseconomic policieseconomyFloridaPoliticsRegional & State NewsRepublicansron desantisState NewsUSUS NewsWalt Disney Company
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A supporter of Florida governor Ron DeSantis has been given power to shut down rides and issue fines at Walt Disney World for violating state codes. The Central Florida Tourism Oversight District appointed longtime DeSantis ally and nonprofit leader Glen Gilzean to oversee the administration of the Reedy Creek special tax district, where the Walt Disney…
Tucker Carlson Announcement Video Draws Massive Numbers
Tucker Carlson’s announcement that he would be bringing his “same show” to Twitter drew more than 126 million impressions this week, signaling there is widespread interest in a program with the former Fox News host hasn’t waned. Of that figure, some 26.6 million watched the clip on Twitter. In the video, Carlson said that he…
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