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Exxon Activist Wins Board Seats in Historic Climate Victory A first-time activist investor with a tiny stake in Exxon Mobil Corp. scored a historic win in its proxy fight with the oil giant, signaling the growing importance of climate change to investors. Engine No. 1 -- the little-known firm that vaulted into the spotlight in ...
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Elizabeth Warren Labels Dimon 'Star of the Overdraft Show' JPMorgan Chase & Co.'s Jamie Dimon is the longest serving bank chief who testified before Congress Wednesday, but to the Senate's biggest critic of Wall Street, he's also "the star of the overdraft show." Massachusetts Democrat Elizabeth Warren lit into ...
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EU seeks large AstraZeneca fine for alleged contract breach BRUSSELS (Reuters) -A lawyer for the European Union accused AstraZeneca on Wednesday of failing to respect its contract with the 27-nation bloc for the supply of COVID-19 vaccines and asked a Belgian court to impose a large fine on the company.
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Let the Pandemic Be a Catalyst for Scrapping Fee-for-Service Medicine Many health care industry executives who feel an ethical responsibility to provide affordable, high-quality coverage and care are asking this question daily. We call on policymakers to engage with us in resuming the pursuit of value-based care, which rewards ...
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Exclusive: PayPal puts another $50 million in Black and Latinx-led venture capital funds This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. Make no mistake: PayPal's dollars may be aimed at closing the racial wealth gap—but it's also about what the ...
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Thousands Have Bought Bitcoin on the Recent Dip. Should You? Start your journey to financial success with a bang. Get free access to the select products we use to help us conquer our money goals. These fully-vetted picks could be the solution to help increase your credit score, to invest more profitably, to build an ...
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Common Immune Drug Methotrexate May Hamper Response to COVID-19 Vaccine By Ernie Mundell and Robert Preidt HealthDay Reporters. (HealthDay). WEDNESDAY, May 26, 2021 (HealthDay News) -- A widely used medicine for autoimmune diseases may lower people's immune response to the Pfizer mRNA COVID-19 vaccine, a new ...
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Dutch court in landmark case orders Shell to cut net emissions by 45% Oil giant says it is already 'investing billions of dollars in low-carbon energy, including electric vehicle charging, hydrogen, renewables and biofuels'. Members of the Dutch arm of the Friends of the Earth environmental organization celebrate a ruling in a court ...
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Mondelez acquiring Chipita for $2 billion The company's products includes croissants, bagel chips, cake bars, biscuits and spreads sold mostly under the 7Days, Chipicao and Fineti brands. Chipita would broaden the portfolio of Mondelez, a global leader in biscuits, crackers, chocolate and other ...
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Ford ups EV investments, targets 40% electric car sales by 2030 under latest turnaround plan Ford expects 40% of its sales globally to be electric vehicles by the end of this decade under a new plan to increase investment in EVs to $30 billion through 2025. The automaker announced the plans as part of a new "Ford+" initiative under CEO Jim Farley ...
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Pipelines Balked When 'Blinking Red' Hack Alert Went Off in 2012 A decade ago, after hackers were caught infiltrating natural gas pipeline operations and an al-Qaeda video emerged calling for an "electronic jihad" on U.S. infrastructure, then-Senator Joseph Lieberman tried to sound the alarm. The system is " blinking red," ...
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CVS, Walgreens shares fall on report that Amazon may open brick-and-mortar pharmacies The Business Insider report, which cited anonymous sources, said Amazon is considering opening stand-alone retail pharmacies or adding them to Whole Foods stores. Drugstore chains have already been squeezed by more consumers buying front ...
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NCLH Sets Next Phase of Cruising for NCL, Oceania and Regent Seven Seas Norwegian Cruise Line Holdings Ltd. — the parent company of Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises — announced the next phase of its planned resumption of cruising with 15 additional ships this fall and winter.
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Strong Earnings Just Sent These 2 Nasdaq Stocks Soaring Yet many investors gravitate toward the Nasdaq because of all the high-growth stocks that they can find there. On Wednesday morning, those stocks were largely in favor, helping to push the index up more than half a percent as of 11:15 a.m. EDT.
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Cathie Wood's space exploration ETF sells its last few shares of Virgin Galactic Cathie Wood's firm sold 12 shares of Virgin Galactic from its ARKX fund, the tiny remaining piece of a position that was about 672,000 shares when the ETF began trading in late March. After selling nearly half ...
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NJ Transit unveils electric bus plan, but it has to compensate for low battery range Among them are building a state-of-the-art new Northern Bus garage, testing eight buses in Camden, an additional eight buses on the #25 route in Newark, retrofitting old bus garages with charging infrastructure, and drafting a plan to change bus routes and ...
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Merlin Labs emerges from stealth to bring autonomy to 55-King Air fleet When Merlin Labs founder Matt George was learning to fly in Vermont, he had a close call with a Jet Blue aircraft that was coming into Burlington airport. It was "an unsettling experience," he told TechCrunch, but one that stuck with him. A few years later, after ...
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Michael Kors parent expects upbeat full year as luxury demand rebounds Capri Holdings Ltd (CPRI.N) on Wednesday forecast annual revenue and profit above analysts' expectations, as shoppers return to stores in the United States following speedy vaccinations. The company said it would raise prices this fall and spring next year ...
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Meme Stocks And Crypto Surge Again As Experts Warn Of 'Dangerous' Market Conditions Risky market pockets—including cryptocurrencies that are fresh off a massive crash—skyrocketed Wednesday morning as the broader market bounced back from the recent inflation-spurred rout, but analysts and other market experts are warning of a "major ...
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Temasek-backed Flywire valued at $3.4 bln in US market debut The company's shares opened at $34 each, up from the initial public offering price of $24 apiece. Flywire, founded in 2011, focuses on enabling payments in the education, healthcare and travel sectors. It ...
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Types of CBD CBD products are available in three forms: Full-spectrum CBD. This type of CBD retains all components of the cannabis plant, including a small amount of THC. While federally legal full-spectrum CBD products will always have less than 0.3 percent THC, ...
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Jeff Bezos Will Step Down as Amazon CEO on July 5 The day after Independence Day in the U.S., Jeff Bezos will give up the day-to-day reins of the now-colossal company he founded nearly three decades ago. Bezos, speaking Wednesday at Amazon's annual shareholder — his last as CEO — announced that ...
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GSK-backed Lyell Immunopharma, fresh off a near $500M cash injection, guns for a $150M IPO Preclinical biotech Lyell Immunopharma is looking to go public after a whirlwind year of big deals and big bucks raises as it looks to use cell therapy to beat solid tumors. Lyell is certainly not short on cash, having banked $493 million in what was the ...
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Stocks Edge Higher as Investors Weigh Growth, Inflation U.S. stocks edged higher in morning trading Wednesday as investors continue to monitor the economic recovery and rising inflation. The S&P 500 was up 0.2% as of 11:38 a.m. ...
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10 Memorial Day Deals To Shop This Week I'm a shopping editor, artist and dog mom based in New York City. All products and services featured are independently selected by Forbes Vetted contributors and editors.
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Not all hope is lost: What to do when your mortgage loan application is denied You've decided to do it: You're going to take the plunge and buy a home. You apply with a local or online mortgage lender, only to receive word that your application has been denied. While it's disappointing, you're not alone. Mortgage denials happen to a lot ...
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Tesla is ditching radar, will rely on cameras for Autopilot in some cars Tesla announced Tuesday that it is ditching radar in favor of a camera-based system to enable Autopilot features in its Model 3 and Y vehicles in North America. CEO Elon Musk had said Tesla would move to a "pure vision" approach in a tweet March 12.
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Google cuts a deal to help develop health algorithms using patient data A joint statement from Google and HCA Healthcare said the hospital chain currently uses information from 32 million annual patient interactions and has already deployed 90,000 mobile devices that run its own health analysis software. Under the new deal ...
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Google gets city's thumbs-up for a sprawling new campus in San Jose An artist's vision of Google's proposed campus. Google. Google got the all-clear on Tuesday night to build an 80-acre mixed-use campus in downtown San Jose, California. "Google will make the largest private sector investment in San Jose's history -- and ...
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CureVac's COVID vaccine has important role to play in fighting variants, CEO says CureVac's CEO said the company's experimental COVID-19 vaccine can still play an important role in the pandemic fight given the "rapid spread" of concerning variants. Franz-Werner Haas said the German company's shot, called CVnCoV, was in the final ...
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Honeywell to layoff nearly 500 workers from Smithfield, RI factory Employees who work on the N95 face mask production line will be affected, and will be notified immediately.
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Job website ZipRecruiter valued at $2.7 billion in NYSE debut (Reuters) -Online job marketplace ZipRecruiter Inc was valued at $2.7 billion in its debut on the New York Stock Exchange on Wednesday after shares jumped more than 10%, reflecting investor optimism over job growth as the U.S. economy hums along.
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Hyperdrive Daily: Tesla Brings On The Plaid Welcome to the Hyperdrive daily briefing, decoding the revolution reshaping the auto world, from EVs to self-driving cars and beyond. News Briefs. GM may allow the UAW to represent workers at two battery plants. The chip shortage wreaks havoc on Lucid's ...
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Why Peloton Interactive Stock Popped Today Shares of exercise-at-home stock Peloton Interactive (NASDAQ:PTON) are racing ahead of the market Wednesday morning, rising 8.6% through 11:35 a.m. on news of an endorsement from investment bank JPMorgan.
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US Treasury yields hold ground near 3-week lows U.S. government bond yields traded little-changed Wednesday morning, with no major economic data on the agenda for the session and investors fixated on the Federal Reserve and its plans for confronting a post-COVID surge in inflation. Investor will be ...
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Stay Away From This Electric-Vehicle Stock Lordstown is set to start producing its Endurance electric pickup truck later this year. The company has no revenue right now, so its roughly $1.5 billion market capitalization is solely based on its ability to successfully manufacture its trucks and compete with the ...
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How to Buy an Electric Car Shopping for an EV takes a different strategy. Here's what you need to know to get a good deal. Philip ReedMay 26, 2021.
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Indiana-based Three Floyds Brewing is (finally) bringing its beer to Michigan Three Floyds has an impressive slate of beer, but is perhaps best known for its Zombie Dust pale ale, Gumballhead wheat ale and its annual release of Dark Lord imperial stout, traditionally released on its signature "Dark Lord Day" every year.
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SPAC Update, Decarbonization Plus II (DCRN) Taking Tritium Public, IPOE Vote Another EV charger going public as DCRN strikes a $1.4B deal with Tritium. Post Holdings Partnering Corp (PSPC) priced a downsized $300M IPO. And, don't forget IPOE shareholders vote tomorrow.
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Program touts franchise opportunities for minorities, women LOUISVILLE, Ky. (AP) — Yum Brands has partnered with the University of Louisville to launch a business program that will focus on franchise opportunities for underrepresented minorities and women, officials announced Wednesday. The Yum Center for ...
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Regulators in 'sprint' to crack down on cryptocurrencies, Fed official says The feds have a clear message for cryptocurrency users: A crackdown is coming. Federal Reserve vice chair of supervision Randal Quarles told the Senate Banking Committee on Tuesday that the agency is in a "sprint" alongside other US financial regulators ...
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How Vaccinated Travelers Can Win Free Flights for a Year From United Airlines Throughout the month of June, United said it plans to give away 30 pairs of tickets for a roundtrip flight for two in any class, to any destination in the world where United flies. Published 38 mins ago • Updated 36 mins ago. Pause. 1:52. Vacation Rush: Travel ...
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Downsizing hurts Nordstrom in Q1 Dive Brief: The effect of Nordstrom's decision last year to close 16 full-line stores was felt during its first quarter, when net sales rose 44% from 2020, but ...
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Potawatomi Hotel & Casino is lifting COVID-19 precautions but remaining smoke-free The property, operated by the Forest County Potawatomi tribe, was not included in the statewide indoor smoking ban that went into effect in 2010. Guests will now only be able to smoke in designated outdoor areas near the Northern Lights Theater and near ...
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Abercrombie's online investments, reopening fuel revenue beat Abercrombie & Fitch a bigger-than-expected 61% jump in first-quarter sales. The apparel retailer benefited from shoppers returning to stores and its beefed-up online business. The company also said early reaction "has been amazing" to its Social Tourist ...
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General Motors, Lockheed Martin to develop new lunar rover for NASA Artemis missions to the moon The first mission, which will be an uncrewed test flight, is scheduled for November. The request for proposals will likely be published in the third or fourth quarter of this year, executives said at a media briefing Wednesday. NASA will award the contract after ...
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More states offering return-to-work bonuses as businesses struggle to hire workers Oklahoma Governor Kevin Stitt discusses his decision to end federal unemployment benefits, arguing that coronavirus is no longer an emergency in the state. A growing number of states are offering a one- ...
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Mark Cuban Invests in Polygon, Says He's Optimistic on Cryptocurrencies, Per Reports Cuban hasn't always been a supporter of cryptocurrencies but pivoted in the past year to advocate the asset class. When Tesla CEO Elon Musk recently announced he wouldn't accept Bitcoin payments due to environmental ...
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PA reports 1127 new cases of COVID-19; 52.3% of PA adults fully vaccinated The Pennsylvania Department of Health is reporting 1,127 new positive cases of COVID-19, bringing the statewide total to 1,198,595. The department is also reporting 38 new deaths, for a total of 27,123 deaths statewide. There are 1,186 people hospitalized ...
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Game On! Dick's Rallies on the Return of Team Sports A year after safety fears led to the cancellation of baseball and other team sports, Dick's Sporting Goods is having a comeback year as bats, balls and jerseys fly off shelves.
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