Pfizer adjusts 2023 earnings and revenue outlook amid ebbing demand for covid products
Pfizer revised its 2023 revenue forecast to a range of $58 billion to $61 billion, down from the initial estimate of $67 billion to $70 [more…]
Category: U.S.
Kioxia and Western Digital nearing merger agreement in chipmaking industry
In an intriguing development, Japanese chip manufacturer Kioxia Holdings and its American counterpart, Western Digital, appear to be on the brink of agreeing to a [more…]
Atlassian’s acquisition of Loom valued at $975 million
Atlassian made a significant announcement today, revealing its acquisition of Loom, the video messaging service, for a substantial $975 million. This is a notable development [more…]
Shenzhen Longsys Electronics acquires Suzhou plant for $132 Million from Powertech
Shenzhen’s Longsys Electronics, a major client of US memory chip maker Micron Technology in China, has successfully acquired a mainland plant from Taiwan’s Powertech Technology [more…]
Exxon Mobil to acquire Pioneer Natural Resources in a $60 billion reshaping oil deal
ExxonMobil, the largest US oil company, is set to acquire Pioneer Natural Resources, a prominent shale oil producer, in a deal that will significantly boost [more…]
Bristol-Myers announces acquisition of Mirati in a potential $5.8 Billion transaction
Bristol-Myers Squibb has announced its acquisition of Mirati Therapeutics for a potential sum of $5.8 billion, signaling a strategic move to expand its presence in [more…]
Resolution reached in U.S.-Mexico labor dispute at Grupo Yazaki auto parts factory
In a significant development, the labor complaint at Grupo Yazaki’s auto parts factory in Guanajuato, Mexico, has been successfully resolved under the United States-Mexico-Canada Agreement [more…]
Over 75,000 employees to go on strike at numerous Kaiser Permanente healthcare facilities throughout the U.S.
In an unprecedented move, workers at Kaiser Permanente, the nation’s largest healthcare nonprofit, have initiated a strike. Over 75,000 union members are walking out of [more…]
BP is considering the possibility of selling its $1 billion stake in U.S. pipelines
BP Plc is reportedly considering selling a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, with hopes of [more…]
Kellanova, formerly Kellogg Company, declares the successful conclusion of the separation of its North American cereal division
Today, Kellanova (formerly Kellogg Company) announced the successful completion of the separation of its North American cereal business, WK Kellogg Co. This separation has resulted [more…]