Moderna, the prominent biotech firm renowned for its COVID-19 vaccine, has recently made headlines by revising its sales projections for 2025 downwards by approximately $1 billion. This adjustment reflects a complicated landscape characterized by various hurdles that the company expects to face. As Moderna grapples with these challenges, it is also undertaking strategic moves aimed
Business
The city of Los Angeles is currently facing dire circumstances due to the ongoing wildfires that have severely impacted the region. Beyond the immediate threat to life and property, these natural disasters significantly affect the travel and tourism sector, particularly as major airlines find themselves navigating a complex web of logistical hurdles. The devastation—marked by
Nordstrom Inc. demonstrated resilience during the recent holiday shopping season, raising its full-year sales forecast after experiencing better-than-anticipated consumer spending in both physical stores and online platforms. The esteemed department store chain reported a notable uptick in sales within the nine-week holiday period that concluded on January 4. This seasonal growth, which included a reported
In an era where consumer preferences are rapidly evolving, McDonald’s decision to launch its drinks-centric brand, CosMc’s, marks a significant step towards tapping into the burgeoning beverage market. Beginning with its debut store in Bolingbrook, Illinois, the fast-food giant aimed to create a niche that emphasizes refreshment and snacking rather than traditional meal offerings. Despite
Four years have passed since Chuck E. Cheese navigated the turbulent waters of bankruptcy, but the beloved family entertainment venue has emerged revitalized and ready to charm a new generation. In June 2020, amidst widespread pandemic-induced lockdowns, the parent company, CEC Entertainment, sought Chapter 11 bankruptcy protection. This move was crucial for shedding approximately $705
If you’re contemplating a foreign escapade this year, the financial outlook appears promising for long-haul journeys. Recent analysis from flight-tracking authority Hopper reveals that international flight costs have taken a downward turn compared to the previous year. Specifically, during the period leading up to mid-2025, ticket prices for flights between the U.S. and Asia have
The used vehicle market has experienced significant upheaval over the past few years, driven by a plethora of factors including a global pandemic, supply chain disruptions, and shifts in consumer behavior. However, emerging trends suggest that the tumultuous fluctuations in used vehicle pricing may soon be a thing of the past. According to data from
In a significant strategic pivot, Delta Air Lines has opted to discontinue its eight-year collaboration with Lyft in favor of aligning its SkyMiles loyalty program with Uber. The announcement made on a Tuesday sets the stage for a new era of customer engagement and rewards for frequent travelers. By linking Delta SkyMiles accounts with Uber,
True Religion, a brand often synonymous with the lavish 2000s denim boom, has entered a new chapter in its storied history following its recent acquisition by Acon Investments and SB360 Capital Partners. This strategic move, facilitated by retail magnate Jay Schottenstein, indicates not only a shift in ownership but also a bold reimagining of a
In a strategic move signaling a shift in the broadcasting paradigm, Disney announced on Monday that it will merge its Hulu+ Live TV service with Fubo, both of which represent significant players in the streaming market. This agreement not only consolidates their resources but also sets the stage for an enhanced viewing experience for millions.