Pharmaceutical giant Merck announced that it is lowering its guidance for this year’s earnings and withdrawing a target for sales of its HPV vaccine, Gardasil. The company cited disappointing sales in China, where its partner Chongqing Zhifei Biological Products has stockpiled more Gardasil than it can sell. As a result, Merck will stop shipping the … Read more
US President Donald Trump has ordered tariffs on goods from Canada and Mexico, sparking concerns of a global trade war. The 25% tariff on Canadian goods and the 10% tariff on Chinese products are set to start on Tuesday. Business leaders have urged Trump to reconsider, warning that a trade war could devastate American industries. … Read more
A Japan Airlines plane and a Delta Air Lines plane collided on the ground in Seattle’s Seattle-Tacoma International Airport (SEA) just after 10:15 a.m. local time on Wednesday. The incident involved a taxing Japan Airlines aircraft that appeared to have struck the tail of a parked Delta Air Lines aircraft. According to airport officials, all … Read more
Merck’s vaccine Gardasil has faced a decline in demand in China amid economic headwinds and increased competition from local players. The US pharmaceutical giant made the decision to halt shipments due to the oversaturated market. Despite recent approval for anal cancer and genital warts prevention among men, the existing stock is difficult for the market … Read more
The Milwaukee Bucks traded Khris Middleton to the Washington Wizards in a move that marks the end of an incredible partnership between Giannis Antetokounmpo and his longtime teammate. The trade, which also involves AJ Johnson, Kyle Kuzma, and Patrick Baldwin Jr., comes as the team faces roster-building penalties under the new collective bargaining agreement. Middleton, … Read more
A newly discovered virus in shrews in Alabama has raised concerns about a potential pandemic. The virus, known as Camp Hill, was found to have similarities with other deadly henipaviruses like Nipah and has sparked fears that it could spread to humans. Experts warn that the virus’s rapid mutation rate and ability to jump from … Read more
The Los Angeles Lakers have strengthened their roster by acquiring center Mark Williams from the Charlotte Hornets in a trade deal, sources told ESPN on Wednesday night. The team sent rookie Dalton Knecht, Cam Reddish, and two draft picks to the Hornets in exchange for Williams. Williams, 23, joins the Lakers after averaging 16 points … Read more
Qualcomm and Arm, leading chipmakers, have seen an increase in sales due to strong smartphone demand. This growth is attributed to the rising popularity of smartphones worldwide, making these companies’ products highly sought after. As a result, their sales figures have risen significantly, providing a boost to their earnings. Source: https://www.ft.com/content/dba7a1dd-622b-4935-951a-ed0d703c7022
A website experienced technical difficulties due to an unusually high volume of requests. The error message ‘429 Too Many Requests’ was displayed, indicating that the server had reached its limit for incoming traffic. The cause of the issue remains unclear, but it is believed that the website’s servers were overwhelmed by a sudden surge in … Read more
MicroStrategy, a leading corporate holder of bitcoin, reported a wider-than-expected loss for its fourth quarter. The company’s revenue fell 3% year-over-year to $120.7 million, below analyst expectations. A significant increase in bitcoin purchases also took place during this period. MicroStrategy added 218,887 new bitcoins, bringing its total to over 471,000 worth approximately $45.65 billion at … Read more