The CEOs of two major pharmaceutical companies, Merck and Johnson & Johnson, have voluntarily agreed to testify at an upcoming Senate hearing on high drug prices in the United States. This decision comes as lawmakers ramp up efforts to rein in healthcare costs for Americans. The Senate Health, Education, Labor and Pensions Committee has scheduled
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In a move that has sent shockwaves through the aviation industry, the Federal Aviation Administration (FAA) announced on Wednesday that it would be halting Boeing’s planned expansion of its 737 Max aircraft production. This decision comes in the wake of a recent incident where a door plug blew out during an Alaska Airlines flight, raising
Boeing CEO Dave Calhoun is under increasing pressure as scrutiny intensifies over a blown door plug on one of the company’s 737 Max 9 planes. In an effort to address concerns and provide transparency, Calhoun met with several U.S. senators on Capitol Hill. The Federal Aviation Administration (FAA) grounded the planes after the incident, and
Netflix, the popular streaming service, exceeded expectations by adding 13.1 million subscribers in the fourth quarter. This significant growth has brought the total number of paid subscribers to a record high of 260.8 million. This figure far surpasses the 8.76 million new members that Netflix acquired in the previous quarter and also exceeded Wall Street’s
Gilead Sciences, a leading biopharmaceutical company, experienced a significant drop in its stock price as shares fell over 10% on Monday. The decline came after a crucial late-stage trial revealed that one of Gilead’s flagship cancer drugs, Trodelvy, did not significantly prolong the lives of patients with a specific type of lung cancer. This setback
Over the past year, Denver International Airport (DIA) has experienced unprecedented growth, becoming the busiest it has ever been. Despite the ongoing impact of the pandemic on the aviation industry, DIA has seen a significant influx of passengers. Phil Washington, the CEO of DIA, predicts that the airport will exceed its initial forecast of 78
JetBlue Airways and Spirit Airlines have announced that they are appealing a federal judge’s ruling that blocks their planned merger on antitrust grounds. The judge’s ruling stated that the merger would lead to higher prices for cost-conscious consumers and eliminate the budget carrier, Spirit Airlines. This article will delve into the impact of the ruling,
Disney and its shareholders are about to embark on a journey of change as activist investor Nelson Peltz makes his presence known. Peltz’s Trian Fund Management intends to utilize various platforms, including X (previously known as Twitter), and its website RestoreTheMagic.com, to convey its arguments for adding Peltz and former Disney Chief Financial Officer Jay
The classic car market experienced a challenging year in 2023, as prices dipped and interest rates rose. However, amidst this downturn, Bring a Trailer, the popular online auction site for collectible cars, achieved record-breaking sales. Despite a drop in average car prices, Bring a Trailer saw a 2% increase in sales, reaching over $1.4 billion
In a significant move that marks a shift in strategy for Burger King, Restaurant Brands International has announced its acquisition of Carrols Restaurant Group, the largest Burger King franchisee in the U.S., for approximately $1 billion in cash. The deal, which is expected to be completed by the second quarter of 2024, will see Restaurant