The CEOs of two major pharmaceutical companies, Merck and Johnson & Johnson, have agreed to testify at an upcoming Senate hearing on high drug prices in the U.S. This announcement comes as lawmakers are stepping up efforts to rein in healthcare costs for Americans. The hearing, scheduled for February 8th, is a significant step in
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The Federal Aviation Administration (FAA) has made a significant decision regarding Boeing’s 737 Max aircraft production. While the FAA has stopped Boeing’s planned expansion of its 737 Max production, it has given the green light for the manufacturer’s Max 9 to return to service. This decision comes after a door plug blew out during an
The aviation industry is once again under intense scrutiny as Boeing CEO Dave Calhoun met with U.S. senators on Capitol Hill to address concerns surrounding a blown door plug incident on one of the company’s 737 Max 9 planes. The meetings were organized at Calhoun’s request, as the company strives for transparency and accountability in
Netflix, the popular streaming service, has reported stronger growth than expected during the fourth quarter, leading to a jump in its stock prices. With 13.1 million new subscribers added, Netflix now boasts a record-breaking 260.8 million paid subscribers. This article explores the company’s fourth quarter results, its focus on profitability, and its plans for the
In recent years, Denver International Airport (DIA) has experienced an unprecedented surge in passenger traffic, making it one of the busiest airports in the world. Despite the challenges posed by the COVID-19 pandemic, DIA has been able to bounce back and is on track to surpass its own forecasts for 2023. With projections estimating an
In a recent court ruling, a federal judge has prohibited the merger between JetBlue Airways and Spirit Airlines on the grounds of antitrust concerns. This decision has raised significant controversy, prompting both airlines to appeal the ruling. The merger, which was valued at $3.8 billion, was anticipated to have a substantial impact on the aviation
Disney and its investors are bracing themselves for the arrival of activist investor Nelson Peltz. Peltz’s Trian Fund Management is preparing to make its mark on social media platform X (formerly known as Twitter) and the website RestoreTheMagic.com. These avenues will be used to drum up support for Peltz’s mission to join Disney’s board, alongside
In 2023, Bring a Trailer, the renowned online auction site for collectible cars, defied the odds and achieved record-breaking sales amidst a downturn in classic car prices. Despite a 2% increase in sales to over $1.4 billion from $1.35 billion in 2022, the average price of cars sold on the platform dropped to $54,000 in
Restaurant Brands International has recently announced its intention to acquire Carrols Restaurant Group, the largest Burger King franchisee in the U.S., in a deal worth approximately $1 billion in cash. This acquisition represents a significant shift in strategy for Burger King, which has primarily relied on franchising its restaurants for the past decade. Under the
The recent JPMorgan Healthcare Conference held in San Francisco shed light on the growing market for antibody-drug conjugates (ADCs) within the biotech and pharmaceutical industry. ADCs are a group of cancer drugs that deliver targeted therapy to cancer cells while minimizing damage to healthy cells. The appeal of ADCs lies in their selectivity, as standard