Shares of Pfizer fell Wednesday after the drugmaker forecast 2024 revenue and profit below Wall Street's expectations, as it sees weak demand for its once-blockbuster Covid products. Pfizer also raised the target of its sweeping cost-cutting plan by $500 million, bringing the anticipated total to $4 billion.The company expects 2024...
A general view of the Washington Wizards logo on a court mop before the game between the Washington Wizards and the Chicago Bulls at Capital One Arena on October 21, 2022 in Washington, DC.Scott Taetsch | Getty ImagesThe NHL's Washington Capitals and NBA's Washington Wizards are slated to move...
An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California. Mario Tama | Getty ImagesHomeowners looking to refinance are finding savings after mortgage rates dropped again last week.The average contract interest rate for 30-year fixed-rate...
A Blue Origin New Shepard rocket lifts off with a crew of six from Launch Site One in West Texas on Dec. 11, 2021.Joe Skipper | ReutersThe moment of the anomaly during the New Shepard cargo mission NS-23, in which the booster's engine failed.Blue OriginThe New Shepard rocket launches...
Rege-Jean Page and Phoebe Dynevor star in Netflix's "Bridgerton."NetflixCreators rejoice: Netflix is finally revealing viewership statistics about nearly all of its shows and movies.Netflix released its first "What We Watched" report Tuesday, which ranks almost all of its shows and movies by amount of hours viewed over the last...
A blue and white checked gingham dress, worn by Judy Garland in the "Wizard of Oz," hangs on display, Monday, April 25, 2022, at Bonhams in New York.Katie Vasquez | APThis "Wizard of Oz" dress could be off to see the auction house very soon.A federal judge in New...
Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season, according to a company memo obtained by CNBC.Hasbro had about 6,300 employees as of earlier this year, according to a company fact sheet.Shares of the company...
Ford workers produce the electric F-150 Lightning pickup at the automaker's Ford Rouge Electric Vehicle Center on Dec. 13, 2022.Michael Wayland | CNBCDETROIT — Ford Motor will cut planned production of its all-electric F-150 Lightning pickup roughly in half next year, marking a major reversal after the automaker significantly...
United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023.ScreenshotDETROIT – The United Auto Workers has filed unfair labor practice charges with the National Labor Relations Board against Honda Motor, Hyundai Motor and Volkswagen, accusing the...
Eli Lilly's drug tirzepatide was approved for weight loss by the FDA.Courtesy of Eli LillyPatients who took Eli Lilly's weight loss drug Zepbound regained around half the weight they shed after stopping the newly approved treatment for a year, according to data released Monday. The data, which represents the full...