In a recent announcement, Moderna revealed that the FDA has postponed the approval of its respiratory syncytial virus (RSV) vaccine until the end of May. The delay was attributed to “administrative constraints” within the agency, with the decision originally expected to be made on Sunday. Despite this setback, Moderna clarified that there were no concerns
Show
Chinese electric vehicle maker Zeekr has made headlines with its successful initial public offering (IPO) priced at $21 a share, at the top end of its range. The company is set to sell 21 million American depository shares, raising an impressive $441 million when it begins trading on the New York Stock Exchange under the
Warner Bros. Discovery recently shared its first-quarter results, falling short of analyst expectations both in terms of revenue and earnings. The company’s stock experienced a 3% gain following the announcement. Loss per share was reported at 40 cents, missing the 24 cents loss expected by analysts. Revenue stood at $9.96 billion, below the $10.231 billion
New York City has been declared as the richest city in the world, based on a recent study conducted by Henley & Partners in collaboration with New World Wealth. The city boasts of a staggering 359,500 millionaires and 60 billionaires, showcasing its financial dominance on a global scale. Despite concerns surrounding wealth flight and the
Disney has spent the past five years investing heavily in its streaming services, and it seems that investment is starting to pay off. In the second quarter, Disney nearly broke even in its streaming units, showing a significant improvement from the previous year’s loss. With Disney+, Hulu, and ESPN+ all showing promising signs of profitability,
The looming wealth transfer from Baby Boomers to their children is a topic that has been gaining attention in recent years. With over $68 trillion expected to be passed down, millennials and Generation Z are hopeful about what they may receive. However, recent reports have pointed to a growing disconnect between the expectations of the
On Monday, U.S. stocks saw an increase, building on gains from the previous session. This positive trend was fueled by a softer-than-expected jobs report, signaling that the Federal Reserve’s monetary tightening efforts were having a positive impact on the economy. Investors interpreted this as a step in the right direction towards potential interest rate cuts.
Coinbase, the leading marketplace in the U.S. for buying and selling digital tokens, recently released its first-quarter earnings report, surpassing analysts’ expectations. The company reported earnings of $4.40 per share, which exceeded the average analyst estimate of $1.09 per share. Additionally, Coinbase recorded revenue of $1.64 billion, compared to the expected $1.34 billion. This substantial
During the first quarter, online furniture retailer Wayfair experienced a decline in sales, with revenue falling to $2.73 billion, down more than 1% from the previous year’s figure of $2.77 billion. However, despite the decrease in sales, the company managed to beat Wall Street’s expectations on both the top and bottom lines. Analysts had anticipated
On Wednesday, the U.S. stocks showed a mixed trend as Wall Street eagerly awaited the Federal Reserve’s next policy decision in the afternoon. Fed chief Jerome Powell was scheduled to deliver remarks during a press conference at 2:30 pm ET. Despite the expectations for the central bank to keep interest rates steady, traders were looking