Business

Climate bill: Could coal communities shift to nuclear?

Climate bill: Could coal communities shift to nuclear?

PROVIDENCE, R.I. (AP) — A major economic bill headed to the president has “game-changing” incentives for the nuclear energy industry, experts say, and those tax credits are even more substantial if a facility is sited in a community where a coal plant is closing. The transformative bill provides the most spending to fight climate change …

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At Last, Weight-Loss Drugs That Actually Work. They Could Be the Blockbusters of the Decade.

At Last, Weight-Loss Drugs That Actually Work. They Could Be the Blockbusters of the Decade.

This is not a typical weight-loss story. After all of the diet, supplement, and workout fads we’ve endured, we’re about to have drugs that are safe and effective. They’re our best hope yet for stemming the obesity epidemic that threatens the lives of 100 million Americans and half a billion people worldwide. No one has …

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6 Software Stocks to Buy and 4 to Sell, According to an Analyst

6 Software Stocks to Buy and 4 to Sell, According to an Analyst

What’s next for enterprise software stocks? That depends which ones you pick. Guggenheim Partners analyst John DiFucci launched coverage of the group late Thursday, with some thoughts on where to place bets in the sector. DiFucci is new to Guggenheim, but a familiar name on the Street—at various times, he’s covered the software sector for …

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Disney CEO Bob Chapek says price hikes may hit Disney World, Disneyland again

Disney CEO Bob Chapek says price hikes may hit Disney World, Disneyland again

Disney World and Disneyland customers may soon be getting hit with another round of price hikes, according to Disney CEO Bob Chapek. After raising prices across Disney’s streaming services, including Disney+, Hulu and ESPN+, Chapek told CNBC that price hikes will likely hit the Mouse House’s popular theme parks next. “We read demand. We have …

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Pharma stocks crater as investors brace for billions in heartburn drug litigation charges

Pharma stocks crater as investors brace for billions in heartburn drug litigation charges

Shares of GlaxoSmithKline, Sanofi and Haleon all sold off sharply this week, shedding tens of billions in market value, amid investor fear over potential U.S. litigation charges focused on popular heartburn drug Zantac. This has been a known issue bumbling in the background for years but investor concern exploded this week in the lead-up to …

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Pharma stocks crater as investors brace for billions in heartburn drug litigation charges

Pharma stock investors brace for billions in heartburn drug litigation charges

Shares of GSK, Sanofi and Haleon all sold off sharply this week, shedding tens of billions in market value, amid investor fear over potential U.S. litigation charges focused on popular heartburn drug Zantac. This has been a known issue bubbling in the background for years but investor concern exploded this week in the lead-up to …

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It's a Tom Jones rally but it may be overbought, say analysts

It’s a Tom Jones rally but it may be overbought, say analysts

The latest action in stocks may be a concern for the bulls. The S&P 500’s initial surge on Thursday to fresh three-month highs fizzled as the session wore on. The “peak inflation rally” faded. Futures early on Friday are firmer again, but inevitably there are some observers still wary of the recent bounce. “Obviously, a …

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Six Flags CEO: ‘We became a cheap day care center for teenagers’

Six Flags CEO: ‘We became a cheap day care center for teenagers’

Six Flags revealed it has shed nearly 2 million customers during the past year – a drop that came partly because of an initiative to weed out “rowdy teenagers,” according to the company’s CEO. The Arlington, Texas-based theme park’s shares tumbled 18% to $21.12 on Thursday after it disclosed that attendance at its 27 parks …

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FTC weighs sweeping new rules on 'commercial surveillance' and Big Data | CNN Business

FTC weighs sweeping new rules on ‘commercial surveillance’ and Big Data | CNN Business

Washington CNN Business  —  The Federal Trade Commission is considering whether to write sweeping new regulations that could restrict how businesses collect and use consumer data, hinting at a possible crackdown on commercial algorithms and a sprawling economy powered by the personal information of millions of Americans. On Thursday, the FTC announced it is accepting …

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Moderna CEO says Covid vaccines will evolve like 'an iPhone' | CNN Business

Moderna CEO says Covid vaccines will evolve like ‘an iPhone’ | CNN Business

CNN Business  —  Forget taking two to three Covid shots a year. Moderna hopes to roll out a single-dose annual booster to cover the coronavirus, the flu and another common respiratory virus within the next five years. As Covid-19 continues to mutate, Moderna will need to keep updating the vaccines that turned it into a …

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