Pfizer Inc.’s vaccine to protect newborns from RSV received backing from US regulatory advisers for use in pregnant mothers to protect their newborns, handing the drugmaker a win in the race to dominate immunization against the virus.
Teva Pharmaceutical Industries Ltd. plans to cut back manufacturing of generic drugs, citing low profitability, at a time when shortages are intensifying and makers of these medicines are struggling to stay in business.
A government claiming half the revenue from privately-backed efforts to protect forests and cut emissions might throw carbon credit projects around the world into doubt
Walt Disney Co., embroiled in a high-profile fight with Florida Governor Ron DeSantis, is closing a luxury hotel at Walt Disney World and dropping plans to relocate 2,000 California employees to a new $864 million corporate campus it was building in the state.
Delivery of Lockheed Martin Corp.’s new ground radar for the US system in Alaska intended to track and intercept missiles from North Korea or Iran will be delayed by more than a year, according to congressional auditors.
Frank founder Charlie Javice was formally indicted on charges that she defrauded JPMorgan Chase & Co. in its $175 million acquisition of the college financial planning site.
Stocks climbed on signals that American lawmakers are making progress on debt-ceiling talks and will be able to avert a first-ever default. Treasury yields rose on speculation the Federal Reserve will need to keep interest rates higher for longer as inflation remains elevated.
Speaker Kevin McCarthy stoked optimism on Thursday about a US debt-limit deal getting reached on Capitol Hill, after negotiations narrowed to top staffers for McCarthy and President Joe Biden.
Applied Materials Inc. expects sales to decline in the current quarter as it grapples with a memory-chip slump, though the drop won’t be as sharp as some analysts had feared.
The amount of money the US government has to pay its bills dwindled to the lowest since December 2021, deepening concern that it will run out of funds by early next month if the debt limit isn’t raised or suspended before then.
