The Food and Drug Administration recently approved Moderna’s vaccine for respiratory syncytial virus for adults ages 60 and above, marking the company’s second product to enter the U.S. market. This approval comes as a win for Moderna, providing them with another revenue source amidst decreasing demand for their Covid jab. Moderna’s shot approval was based
Business
In April, signed sales contracts on existing homes dropped by 7.7% compared to March, marking the slowest pace since April 2020. This decline in pending sales, which are an indicator of closed sales one to two months later, was 7.4% lower than in April of the previous year. The drop was unexpected, as sales were
American Eagle announced that it is making progress in enhancing its profitability through improvements in its product assortment and operational adjustments. However, the company reported weaker-than-expected sales for the fiscal first quarter. Despite this, the revenue increased by 6% year over year, reaching a record high for the first quarter. The news release also stated
Porsche has made a groundbreaking announcement by introducing the first-ever production hybrid version of its iconic 911 sports car – the 2025 911 Carrera GTS. This move signals a significant shift in the automotive industry towards electrification, as well as a commitment to meeting stringent fuel economy standards. According to Frank Moser, Porsche’s vice president
The introduction of 4DX technology in movie theaters has revolutionized the traditional movie-going experience. With the ability to immerse audiences in multi-sensory moments, 4DX provides a new level of engagement and excitement for viewers. The use of special effects, motion seats, and sensory elements creates an unparalleled sense of being part of the action on
Avid traveler Lora Bowler, a New York resident, recently made the decision to cut back on her vacation spending after realizing she had overspent in the past year. Despite reducing her expenses, Bowler still wanted to enjoy the luxury of five-star hotels without breaking the bank. This shift in mindset reflects a growing trend among
Boeing and NASA are forging ahead with the launch of the Starliner capsule despite encountering a “stable” leak in its propulsion system. The Vice President of Boeing’s Commercial Crew program, Mark Nappi, assured the public that the causes of the leak have been identified and that they are confident in managing it. The first crewed
General Motors CEO and Chair Mary Barra has made it clear that she has no intentions of retiring anytime soon. Despite speculation about her future with the company, Barra emphasized that she is fully committed to ensuring GM’s transformation is headed in the right direction. With over 10 years at the helm, Barra’s leadership has
The Consumer Financial Protection Bureau (CFPB) recently made a significant announcement regarding the buy now, pay later (BNPL) industry. The agency declared that customers utilizing BNPL services are now entitled to the same federal protections as those using traditional credit cards. This decision was made through an “interpretive rule” issued by the CFPB, which brings
Lowe’s recently reported its quarterly earnings, surpassing Wall Street’s expectations. Despite a decrease in sales of pricey items within the do-it-yourself category, the home improvement retailer managed to outperform Home Depot in terms of revenue. Home Depot, on the other hand, fell short of revenue expectations due to challenges in the housing market and a