Merck & Co. Inc. has announced its fourth-quarter earnings and sales results, exceeding expectations. The company's success in the cancer and vaccine segments has contributed to its exceptional performance. Financial Highlights Net loss of $1.226 billion, or 48 cents per share, compared to a profit of $3.017 billion, or $1.18 per share, in the same quarter last … [Read more...] about Merck Reports Strong Q4 Earnings and Sales
Cardinal Health Reports Strong Q2 Earnings
Cardinal Health, a leading medical supplies distributor, has exceeded Wall Street expectations with its fiscal second-quarter operating earnings. The company also raised its profit projection for the fiscal year ending in June, driven by increased demand for obesity drugs and other pharmaceuticals in the American market. Impressive Financial Performance In the quarter ended … [Read more...] about Cardinal Health Reports Strong Q2 Earnings
Virgin Galactic Holdings Inc. Sees Rebound in Pre-market Trades
Shares of Virgin Galactic Holdings Inc. have bounced back by 3.9% in premarket trades on Thursday, following a slight decline over the past two days. Recent Volatility The stock has experienced a downturn for five out of the last six days. This trend continued on Tuesday when it closed the session with a 6.8% drop, marking its most significant daily percentage decline since … [Read more...] about Virgin Galactic Holdings Inc. Sees Rebound in Pre-market Trades
Recent data reveals increase in jobless claims and potential impact on labor market
The numbers Recent data reveals that the number of Americans applying for unemployment reached a nearly three-month high of 224,000 by the end of January. While this may indicate a slight softening in the robust labor market, it is important to note that the initial jobless claims increased by 9,000 in the seven days ending January 27, up from 215,000 in the previous week. … [Read more...] about Recent data reveals increase in jobless claims and potential impact on labor market
Heart Aerospace Raises $107 Million in Series B Funding
*Stockholm—*Swedish hybrid-electric airplane manufacturer Heart Aerospace has successfully raised $107 million in Series B funding. This latest round of financing brings the company's total funding to $145 million as it continues to develop its first aircraft, the ES-30. The ES-30 is expected to be certified and ready for service by 2028. A Sustainable Airplane Solution Heart … [Read more...] about Heart Aerospace Raises $107 Million in Series B Funding
