The Vietnamese health ministry reported on Wednesday that U.S. pharmaceutical company Pfizer would be providing 20 million doses of its COVID-19 vaccine to the Southeast Asian country. The vaccines, co-developed by German biotech company BioNTech, are expected to be administered to 12 to 18-year-olds as part of the next...
Electric vehicle maker Rivian is jumping on the bandwagon of layoffs across the tech and car industries. According to Bloomberg, the company is plotting a restructure in upcoming weeks that will see at least 5% of its 14,000 employees being laid off. The decision comes after Rivian doubled the...
Streaming giant Netflix is set to release its first-quarter earnings after the opening bell on Tuesday, thereby providing answers regarding pressing subjects such as the company's recently launched ad-supported tier and its crackdown on password sharing.
According to Bloomberg consensus estimates, Netflix is expected to report quarterly revenue of $8.18...
Oil futures on the NYSE exceeded a price of $70 per barrel for the first time in nearly a month, thanks to sustained investor confidence. There seems to be a widespread consensus that the oil market can withstand blows resulting from additional supply from OPEC+ as well as the...
Bank of America Corp joined its biggest rivals in capitalizing on the stock market bonanza that occurred this year. With the NYSE enduring a wild ride, BofA experienced a 17% rise in sales and trading throughout the first quarter, with equities and underwriting more than tripling.
During a conference call...
After becoming the first African country to begin a national vaccination campaign two weeks ago, Morocco is expected to receive an order of 4 million doses of the AstraZeneca vaccine on Thursday. The doses that are expected to arrive were manufactured by the Serum Institute of India.
According to health...
Brain disease drug developer Neumora Therapeutics received a $100 million equity investment from U.S. biotech firm Amgen Inc. As a result, Neumora will receive global rights to produce and distribute some of Amgen's experimental drugs aimed at neurodegenerative diseases.
Together with the $400 million that the company raised from investors...
Amazon founder Jeff Bezos has reclaimed the title of the world's richest person this week, unseating Tesla and SpaceX pioneer Elon Musk. This comes after Tesla Inc. stocks slipped by 2.4% during Tuesday's trading.
Having help at the top spot for six weeks, Elon Musk lost approximately $4.5 billion as...
Not long after online education company Coursera posted a strong initial public offering for investors, its stock began trading at a very high level with a double-digit gain.
It opened last week on Wednesday at an impressive $39, which was around 18% higher than its initial offering price of $33....
Big box retailer Target Corp announced on Thursday that it will be hiring 100,000 seasonal workers ahead of the busy holiday season in the final quarter of the year.
In the face of slowing economic activity, the US retailer made the decision to begin its festive deal earlier than usual,...