In a recent announcement, Moderna revealed the results of its late-stage trial for a combination vaccine targeting both Covid-19 and the flu. This innovative approach has shown to be more effective than existing standalone shots for these viruses, marking a significant milestone in the world of vaccination. Moderna’s decision to pursue a combination jab sets
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Elliott Management, an activist hedge fund, has recently acquired a significant stake in Southwest Airlines amounting to $1.9 billion. The hedge fund has expressed its intentions to instigate leadership changes at Southwest Airlines, citing the airline’s decline from being a “best-in-class” carrier to one of the biggest laggards in the industry. Elliott is specifically targeting
The first pick by the Street’s top pros is off-price retailer Burlington Stores (BURL). The company demonstrated positive results for the first quarter of fiscal 2024 and raised both its profit margin and earnings outlook for the year. Jefferies analyst Corey Tarlowe, who reaffirmed a buy rating on BURL, raised the price target to $275
The landscape of private equity investing is set to undergo a significant transformation, as the CEO of an alternative trading platform, Kelly Rodriques, is on a mission to revolutionize this sector. In a bid to counter the challenges facing the initial public offering market, Rodriques has joined forces with Accuidity to unveil the Forge Accuidity
The Tax Cuts and Jobs Act of 2017 (TCJA) introduced significant tax reforms resulting in temporary tax breaks for most Americans. The act included provisions such as lower federal income tax brackets, a higher standard deduction, and an increased child tax credit. These measures were aimed at providing relief to taxpayers across various income brackets.
The Covid-19 pandemic not only exposed the vulnerabilities in the American economy but also highlighted the resilience within certain sectors. Child care, in particular, took center stage as daycares closed, schools shifted to remote learning, and parents struggled to balance work and childcare responsibilities. While employment in the child care sector has slowly recovered post-pandemic,
Cricket, a sport widely popular in many parts of the world, is now gaining momentum in the United States. High-profile CEOs and investors are spearheading the effort to make cricket mainstream in the U.S. by investing nearly a billion dollars in the American professional league, Major League Cricket. Microsoft CEO Satya Nadella, Adobe CEO Shantanu
GameStop, the video game retailer that has been in the spotlight due to the meme trader “Roaring Kitty,” has recently reported dismal fiscal first-quarter results. The company’s net sales plummeted by 29% to $881.8 million compared to $1.237 billion in the previous year. These figures were even lower than what Wall Street analysts had predicted,
In December 2023, Apollo Asset Management Co-President Scott Kleinman made a bold prediction that went against the market sentiment at the time. While many were anticipating multiple rate cuts in 2024, Kleinman stood out by stating that he would be betting against any rate cuts. Fast forward to the present, and his contrarian view has
Many Americans view real estate as a prime long-term investment opportunity, with a recent Gallup survey revealing that 36% of Americans ranked real estate as their top choice for investing. This sentiment surpassed stocks, gold, and savings accounts, among others. The emotional connection that real estate can evoke sets it apart from traditional investments like